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“Ongoing War” — Predicting the Future of the Crypto Market
Recorded: June 26, 2025 Duration: 2:09:15Space Recording
Short Summary
In a recent discussion, industry leaders explored the impact of geopolitical tensions on the crypto market, highlighting Bitcoin's fluctuating status as a safe haven asset. They emphasized the importance of partnerships, innovative projects, and the evolving role of influencers in shaping market trends, while also discussing the potential for Bitcoin to reach new all-time highs amidst ongoing economic uncertainties.
Full Transcription
Music Thank you. Music Thank you. Music Thank you. Music Thank you. Music Thank you. Hey, hello everyone. Can you hear me?
Yes, it's quite clear.
Yeah, yeah, okay.
Yes, yes.
Okay, so hello to all the guests and listeners.
Welcome to the BSQL Club X space.
I'm Aria and I'm glad to be the host for today's space event.
Tonight, the space is themed ongoing war predicting the future of the crypto market.
ongoing war predicting the future of the crypto market.
Yeah, when we say war, we actually mean it in two ways.
On one hand, there is the real world geopolitical tension like the conflict involving Iran.
On the other hand, there is the war of wars happening on social media between Elon Musk
and Donald Trump.
One is a physical confrontation and the other is a digital one,
but both are shaking up the emotions and the directions of the crypto market.
So how will the market react in this kind of environment?
So how will the market react in this kind of environment?
Are we looking at new opportunities in the chaos or signs of overheated sentiment?
Today we have invited an incredible lineup of guests from across the industry to dive into both of these narratives.
So let me see.
Before we officially begin the discussion,
I'd like to take a moment to introduce the BSQL Club.
As a service organization that gathers trusted QL resources
in the crypto industry,
BSQL Club is dedicated to provide professional research
and consulting as well as primary investment opportunities for its care members. At the
same time, we offer professional and reliable market solutions for high quality projects.
market solutions for high quality projects. Additionally, I'd like to extend our great
gratitude to our partner and the co-host of today's space, XME, for their strong support
in making this event possible. X.me is an innovative social media platform that integrates
Web2 traffic with Web3 value, embraced by millions of users worldwide,
guided by the principle that traffic is wealth. X.me empowers content creators and brands and
users to transform interaction into tangible value and drive commercial growth,
ushering a new paradigm in social media.
So as of June of this year,
the XME Foundation has launched a dedicated 100 million fund
with a mission to build a borderless social ecosystem. The current development phase focuses on market expansion Europe, America, India and Southeast Asia.
So for today's space we have invited 19 prominent guests from across the crypto space.
So first of all a warm welcome to all of you. To ensure everyone has enough time to share and engage,
we have divided the space into two sessions,
with each panel running for about one hour and a half.
So now let's officially kick off the discussion for today's space.
for today's space. The first session of our space features the following guest, XME
promotion ambassador Amanda, Whitebridge Network co-founder and COO Thomas, Zulu
strategic AI director, Izzant, StarT Partnership Manager, Sam, PWR Lab Co-Founder and CTO, Eddie, ChainCatcher, Global BD HeadRay, PowerPod Founder, Ting, and Treehouse Marketing, Brian, ZeroG Lab Social Media Manager, Eliza.
Tim Brian, Zero-G Lab Social Media Manager, Elisa, and let me see, Mattis, CCO, and Liz
AI Head of Marketing, Daniel, and Giant Protocol CEO author.
So to start, I'd like to invite each of you to briefly introduce yourself and your project
to us.
So I think maybe we should start from
XME promotion ambassador Amanda. Hi Amanda. So hello everyone I'm Amanda I'm the ambassador of
XME. It seems I can't hear you is Is there anyone? Is my connect problem?
I can hear her.
Oh, really?
Yeah, I can hear her too.
Can you hear me? Go ahead, please. Sorry.
Hello, everyone. I'm Amanda, and I am the ambassador of XME.
So as the ambassador, I'm actively involved in this project while also being a secondary market trader.
I sincerely appreciate the opportunity to participate as a guest and share some of my perspectives with everyone.
So in case you still cannot hear her, Amanda just finished speaking.
Okay, so, oh, I see.
Because I can't hear Amanda.
I think maybe the next one, I would like to invite Thomas from the White Bridge Network.
Could you please introduce yourself?
Sure.
Hi, everyone.
I'm Thomas, ex-banker, venture capitalist, now put it the head of the founder.
We're building the people search and research engine and engines to help you to manage your digital footprint
and also to build better relations with the people. So that's in short.
Okay, thank you. And next one is Isant from Zulu.
Hey, everyone. Thanks so much for having me. My name is Ashant and I'm the Strategic AI Director at Zulu, the first native AI layer optimized for decentralized AI and deep end implementations. We are essentially building a bridge between the AI and crypto worlds. Previously, I worked at OpenAI on the trust and safety team and now I'm really excited to lead the ai initiative at zulu network
thank you thank you and next one is sam from start here hello sam are you there hi everyone
uh can you hear me yeah yeah awesome uh yeah i'm sam i'm from start your group we are the key
contributing team behind asa network Network and Sonium Network.
I'm serving as a partnerships and infrastructure manager contributing to Sonium currently.
So, yeah, thank you so much for having me on this space. I'm looking forward to speaking with all of you.
Thank you. Thank you so much.
And next one is Eddie from PWR Labs. Hello Eddie, are you there?
Yes, I'm here. Hello everyone, I'm Eddie Haddad, co-founder and CTO of PowerLabs and PowerChain.
We're building a new blockchain infrastructure for the development of decentralized and verifiable software applications.
Okay, thank you.
Next one is Ray from the Chaincatcher.
Hello, everyone.
So this is Ray from Chaincatcher.
So Chaincatcher is one of the leading Chinese crypto media,
and our team is currently focused on the application of AI
in various generation scenarios of F3.
We welcome all kinds of international infra projects
and application layer projects to communicate with us.
Next one is Ting from the PowerPod.
Hello, Ting.
Yeah, I'm here.
Yeah, very clear.
Yeah, cool. Yeah, I'm Ting. I, very clear. Yeah, cool.
I'm King, the founder and CEO of PowerPod Network.
So PowerPod, actually, we built actually two years ago.
We used blockchain to connect as many, you know,
EV chargers to our network.
So right now we're building other in the deep-in-based
deep-in-based RWA.
I think actually it's a great time to predict
what will happen next half year. So it's great to have me today. Thank you so much.
And next I think should be Brian from the Treehouse.
I'm sorry that Brian cannot join today's space. Yeah, I'm Perry. I'm also from Treehouse. Hi, can you hear me? I'm sorry that Brian cannot join today's space.
I'm Perry, I'm also from Treehouse Marketing.
Yeah.
Yeah.
Okay, so that's all.
We are...
Hello?
Hello?
Hello?
Yeah, yeah, yeah.
Yeah, I can hear you now. Okay. So, yeah, yeah, yeah. Oh, OK. Yeah, I can hear you now.
So yeah, we are decentralized fixed income layer, and we have two main products.
One is T, E, S, T combined with arbitrage strategy.
And another is door. You can think door is a device version of library and software.
And we are trying to bring this kind of fixed income concept
into DeFi world.
Yeah, and that's it.
Okay, thank you so much.
And then I would like to invite
Eliza from the ZeroG Labs.
ZeroG, ZeroG, everyone.
Nice to be on this space.
Thanks for inviting us.
ZeroG is building the largest AI-01
and also the biggest infrastructure,
tech infrastructure needed to deploy AI applications.
Think decentralized storage,
think decentralized data availability,
and just think of a chain that allows people
to build the best AI dApps that are also decentralized.
We're currently in our testnet face.
So yeah, we invite everyone to come check us out,
play with dApps on our testnet and yap about us. Thank you.
Thank you. Thank you so much.
Next one is Daniel from Metis. Hello, Daniel.
Hello. My name is Daniel.
I am the Chief Commercial Officer for Metis. It's an L2 with
the Andromeda network. I'm kicking strong for two years with the first decentralized sequencer in
the in the field. And we're also building a new chain Hyperion that's targeting AI with high
throughput and all the right tool links for AI. I'm also the head of marketing for Laz AI,
which is solving the AI
data problem and data alignment problem. So we're aligning AI with humanity and in doing so,
we're creating a massive internal economy and looking forward to speaking with you all today.
Okay. Thank you. Then the last one I think should be Arthur from the Giants Protocol.
Hello, Arthur.
Hi, everyone.
I'm Arthur, the co-founder of Giants Protocol.
Can you hear him?
Because I see he is connecting.
Hello.
I can hear him.
Oh, really?
Okay.
Please go ahead.
All right.
So for those who can hear me, Arthur, co-founder of Giant's Protocol,
we've been building a multi-agent system to allow anyone in the world to have your own family office
with as low as $1 or even lesser.
And you'll be able to invest in anything in the world, including real-world assets, real estate,
any traditional finance assets through our tokenization platform on Bitcoin itself.
And we are backed by and invested by the Singapore government.
Happy to be here and would love to share more about my experience in the war zone.
I actually served two combat tours in Afghanistan where I was in a special ops of Singapore. That was 10 years ago.
Okay, he's done.
Okay, thank you for your reminder.
So alright, let's jump into our first question of the night.
Recently the Iran conflict has escalated, yet Bitcoin, often referred to as digital
gold, has fallen alongside the broader market.
Despite being considered a hedge against the geopolitical risks, Bitcoin's recent performance
seems to contradict that expectation.
So how do you interpret this market reaction? Do you believe Bitcoin
can truly become a safe haven asset like gold in the future? So for this question, first
I would like to invite Amanda to give us your opinion. okay can anyone hear me
hello okay so i'll start now um the recent escalation of the iran war has indeed triggered market fluctuates fluctuations unlike gold bitcoin failed to rise and instead decline alongside global risk assets.
This reflects market doubt about its safe haven asset attributes. Potential reasons include
first, like geopolitical conflict, such as the strikes on Iran nuclear facilities caused investors to prioritize selling high-motility
assets. Bitcoin's nature as a risk asset still dominates. And secondly, tight market liquidity
and weakened expectations for Federal Reserve rate cuts have made investors prefer traditional safe haven assets like cash or gold.
Furthermore, for a long term perspective, for Bitcoin to become digital gold, it needs stronger resistance to fluctuate and broader institutional adoption. Currently,
BDC's market cap constitutes about 50% of the crypto market,
with global Web3 wallet users reaching 580 million,
indicating its ecosystem continues to expand.
But to a rival goal,
Bitcoin must break through regulatory uncertainties
and technical sales pressure,
for example, war-induced market panic.
Trump's crypto-friendly policies materialize in the future,
such as including BTCs and strategic reserves,
may elevate its safe haven status.
Additionally, for short-term perspective, Bitcoin more resembles
a hybrid of risk assets and safe haven assets, which its safe haven attributes not yet fully
mature. For XME's perspective, we're observing rising user demand for on-chain assets and information
dissemination channels in geopolitical turmoil this verifies that within the web3 system
seeking refuge extends beyond capital preservation to become a sanctuary of trust and freedom
that's all.
She's done her answer.
Thank you for the remind.
So for this question,
next I would like to invite Isand from Zulu to share your opinion.
Yeah, thanks so much. So I would like to say that Bitcoin is often called digital gold, that's true. But during real geopolitical stress like the current Iran conflict,
we do see it fall along with risk assets.
Now, this does tell us that it hasn't fully matured into a safe haven yet, because in moments
of crisis, investors still turn into traditional safe options like cash or gold, especially the
large institutions that manage huge capital. But now, that doesn't mean that Bitcoin has failed.
I think it's still relatively young as an asset class,
and over time with more adoptions and less volatility,
it could behave more like gold.
But right now, I think it's still treated more like a tech stock
than a geopolitical hedge, as you put in the question.
Thanks.
Okay, thank you for your answer.
And next one, Sam, could you please share with us your thoughts on this question?
Yeah, sure.
Yeah, this is obviously a really good question.
So I think this is definitely one of those very defining moments that like would highlight the difference between like the narrative that we have within the crypto space and then actual reality as to how like institutional investors and everyone are actually viewing Bitcoin.
gold, especially during this kind of time. I think investors are still going to be actually
retrieving to the US dollar or to literal gold. Yeah, and kind of like just as Ishan
said, like it's still trading pretty much as a risk asset. And I also, wearing what
he said, it just means that we're still early. So I think with more time, with more maturity, with a greater degree of investors, as the
ecosystem grows bigger on top of liquidity as well and more adoption, even through volatile
times, hopefully that this should become a safe haven, but I think it's not yet the case.
So I think it's like more aspirational at this point.
So yeah, I don't think we're fully there yet.
That would be my two cents on this.
Excellent point.
Next, I would like to invite Eddie from the PWR Labs to share with us your idea.
So to those who haven't been following the markets, Bitcoin went down
about 12% from its all-time high during the peak of its dump because of the Israel-Iran war.
And talking about it as a digital gold, that's the goal. That's what we're aiming for. But that's
not something you can achieve overnight. If you look back at Bitcoin's history and the wars it's
been through, Bitcoin has only
been through two wars, the Russia-Ukraine war and now the Israel-Iran war. And during the Russia-Ukraine
war, if I'm not mistaken, there was no ETFs back then. If I'm not mistaken, the ETFs came afterwards.
So to institutional investors, Bitcoin is a new asset. The investor sentiment is still that
Bitcoin is a risk- on asset with high rewards.
Unlike gold, gold's been around for thousands of years. Investors have always hatched to it.
But both Bitcoin and gold hold no, let's say, tangible value. You cannot eat them,
you cannot drink them, you cannot dress yourself with them, you cannot do basically anything with
them other than exchange for value. So you need to give bitcoin time to build
investor sentiment you need to battle test it and this is what the current geopolitical war is doing
you're battle testing bitcoin and so far the result has been very good in my opinion going down 12
is merely a correction it's not a bear market it not a dump. It's actually a sign of very
good strength for Bitcoin. And in the next conflict to come, we might see no fluctuation
at all, or we might see it rise the same way gold has risen. So Bitcoin is a new to institutional
investors. Regardless of what the asset is, you need investors to give it its value,
to either make it a risk on asset or a risk of asset. Right now,
everyone still sees Bitcoin as a tech asset. They see it as a risk on asset. They need to see it
battle tested. They need to give it time to build confidence with it. And over the next five years,
I see Bitcoin easily hedging into a more of a risk of asset, especially if we see more conflict,
because these conflicts are honestly strengthening Bitcoin bitcoin is showing very good resistance it's it's not even going to a 20 percent dump and this is then we
consider it a dump they're like 12 percent dump that's just market correction at this point we
can't even call it dump so these wars are solidifying bitcoin's position to become the
digital gold but as i said you need to give it time. Nothing, no value can be created
instantly or overnight. You need to give investors the time to build confidence with it. And you need
to give it time to be better tested and prove itself through different kinds of turbulence,
through war, through economic turbulence, through social unrest. Bitcoin will prove itself and all of this will strengthen Bitcoin with time. Thank you.
Let me see. Next, I would like to invite Elisa from the ZeroG Labs to share your thoughts with us.
Yeah, I think a lot of people are right about this being a gradual process um that the safe haven uh narrative around bitcoin is is just aspirational for now but i i think another
perspective that we need to look at is like when we say bitcoin is a safe haven asset who are we talking about like in in whose opinion is
bitcoin a safe haven asset to people that probably have like strong currencies maybe the us dollar
the euro the pound or some of the asian currencies that are relatively strong um you see a 12
dump in bitcoin or as um one of the panelists said,
market correction,
and you're like,
oh, this isn't so safe.
But I think for people in the global South
and in developing countries
where these conflicts
impact their currencies
and lead to inflation,
for example,
because their economies are built around some
minerals or certain um things that are connected to to the warring factions um or even the people
who live in these places where the wars happen 12 percent 12 percent fall um within like three, four days that goes back up is not as bad compared to the amount of inflation that you have to deal with and the devaluation of your own local currency. safe haven asset for other people in developing in the developing parts of the world bitcoin is a
safe haven asset compared to their local currencies that are more volatile that are more likely to cave
um if there's unrest or there's some sort of um turmoil so it may not be the case globally, but for specific markets, Bitcoin is a safe haven asset.
And I think as everyone has said, it would reach that status globally as time goes on. And I think
that is going to happen with more institutional investors, but also just like these kinds of narratives take a long time to, to slip into, um, society.
And so as the narrative continues to spread, more people begin to rely on it and, um, more people would begin to, to, one of the things that may be creating some sort of issue, um, for, for
that narrative and for that to be true is the fact that currently Bitcoin is still relying
on, sorry, pockets of, um, investors, um, institutional investors and pockets of governmental
support.
So pockets here mean like we have institutional
investors but it's a very specific group of people so you have the micro strategy
and a couple of companies and on the governmental side you have el salvador and then now you have
trump and the u.s right if there are multiple governments who are actively supporting Bitcoin, creating Bitcoin reserves, ETC.
The market is less likely to have a negative reaction when these things happen because then you don't have one of the key participants on the governmental side being a party to the wall.
being a party to the wall. So for example, one of the reasons why the market may be concerned
would be the potential US involvement in the conflict. And the reason why that may be a
problem for Bitcoin is because now the US is a big player in the Bitcoin field. The US would
always be, but if you have multiple other big countries actively participating and creating
regulations and creating reserves, it reduces the likelihood that a single incident on one
side would have a general impact on the market.
Thank you so much for your sharing.
I'm sorry.
And still for this question, I would like to invite Perry from the Treehouse to share your insights with us.
Okay.
Okay.
So for me, I think the turn of digital gold feels more like a marketing slogan for me.
I'm not sure when it starts, but it could make use it for a long time to describe BTC.
I don't think that's a bad thing.
Historically, Bitcoin don't perform well during market downturns,
and unlike Goa.
So its price actually is more correlated closely with the S&P 500
than with traditional hedging asset.
So in the long run, I think Bitcoin's performance depends on the holding base,
like the level of institutional involvement and how mature its role becomes in global asset allocation and
for now i still don't think that digital goal is a good way to introduce you yeah
Yeah, I just finished my response.
Maybe she can't hear you.
He's done his answer.
Yeah.
I think there is something wrong with my space.
Okay.
Okay.
So thank you to all the speakers for sharing those great insights.
I think maybe now it's time to move on to our second question.
situation, including US strikes on Iranian nuclear facilities, has triggered
increasingly polarized market sentiment. So from your perspective, how do you see
the overall trend of the crypto market moving forward and what key factors do
you think will influence it?
Yeah, so for this question,
first I would like to invite Thomas from Whitebridge Network to answer.
Sure, thanks.
So my view is very simple
as institutional and NTF are kicking in
and we see that each time then the BTC and EF dips, we see more and more accumulation of those digital assets.
It's also quite clear that the balances are getting low.
So meaning it gives more flexibility for very experienced traders to move the prices.
So you know, then this exercise is done.
I'm sure that we will have much more different IPOs and more people, you know, joining altcoins.
I hope so.
And they should rebounds.
And then the retail investors should jump in, you know, so we will have more people
who can buy digital assets.
I mean, eventually it's all about retail people having good sentiment about what's happening in the market.
So, yeah, so this is, you know, my view on ongoing trends.
And, you know, I like then watching and being in crypto market from 2017, what I see that with each cycle, we have better
and better quality projects versus just simple money grab.
I mean, yes, we do have the meme season as well, but it's like, you know, crypto is a
modern casino.
So, you know, in that sense, we have everything in here, like in the normal real world.
We have everything in here, like in the normal real world.
So, and as top projects has to take into account, I think, what's maybe changing and what factors are influencing that.
I think compliance was not maybe a priority than you're launching your project.
And due to probably tightening restrictions in most of the countries, including EU, US, Singapore, even UAE, you actually cannot ignore compliance things anymore.
And that is also in certain senses also good for the retail investors because they can maybe sleep a little
bit better but the same time let's see then the former starts people and everyone gets crazy so
i don't know what's gonna happen i do believe uh in the that ai narrative and array narrative
is gonna be big at the end of this year.
So that's a view from my side.
And so next, I would like to invite Sam from StarTel to share something with us about this issue.
Hello, Sam.
Yeah, so, yeah, really good point made by the
speaker so yeah I just want to emphasize I think the Iran situation like we
shouldn't just I mean nobody is just seeing it as a regional event it's like
really touching upon like global stability energy markets and just even
in terms of like investor psychology right we're talking about a part of
the world that holds like major leverage over like oil prices, military tension, everything
so I think when conflicts like this escalate even with the US government involvement like
risk appetite is tends to dry up fast and I don't think that crypto is immune to that
for sure we still have you know the investor who's going to swing and move with
this kind of market moment so i think it's still perceived as a speculative asset class
which is what makes it the first to be even sold off when fear spikes maybe amongst more
retail you could imagine um but yeah i think what we're seeing is textbook case of flight to safety
like dollar up equity down and btcTC gets pretty much caught in the crossfire.
But that said, this doesn't negate the broader structural forces that are shaping the market.
So I think the macro picture will still continue to dominate.
So this is also still focused on coming back to like interest rates, ETF approvals, the success of stablecoin liquidity.
I think that's also becoming a very hot topic right now.
So, yeah, that's my two cents here.
Thank you for your perspective.
And Eddie from PWR Labs, would you like to share something about this issue with us?
Definitely. So right now there's a lot of speculation in the market, especially the
crypto market, because there's a lot of traders in the crypto market. But investors, investors love
a war. OK, traders try to see what the war will result in in the short term. Will it dump today?
Will it bump today? And all of that. But when you look at the long term, let's talk
one year plus. The word economy by nature is inflationary. The government has inflation.
They have insane debts they need to pay. And a war only makes it more inflationary. The U.S.
doesn't want to push this war too much because they're already in a very deep place when it comes
to the national debt. And if they go into that war, the national debt will grow even bigger and bigger.
Times of war are inflationary times, not the opposite.
Many people kind of run to risk of assets.
They run to cash to protect themselves if anything happens.
And that's a good thing to do.
But when you have too much cash on hand, this becomes a buying opportunity.
These markets become a buying opportunity.
Because immediately after these wars end, there's going to be a market boom.
Inflation is going to be up.
There's going to be more money in the market.
And if you look today, for example, at the S&P 500, I woke up today not knowing what happened.
The S&P 500 futures are above 6,100.
The entire market is booming.
So investors love this moment. This moment is not really a moment of speculation. It's either you're a trader looking at a day chart,
or you're an investor looking to your future and your family's future that knows that now is a good
time to put money in. Now, frankly, the market has pumped. So the good time might have passed.
Those who bought, they did the right thing and they benefited. Those who speculated too much, many of them probably lost because the markets
really moved in unexpected ways during this war, especially the crypto market.
So traders speculate, investors deploy.
And this war and any other future war will only result in more liquidity
in the market, allowing all asset classes, including Bitcoin,
to rise even more
and more.
Okay, thanks for sharing.
So, Ting from the Power Powder, what do you think about it?
Yeah, I think it's a very interesting question. I would think if I have the ability to predict
like 10 months of the future of the crypto market, I can survive in the market. But if
I have the ability to predict what will happen in the next 10 minutes, I will be the richest
guy in the market. So right now, I think actually it is very hard to for um somebody like
i stay actually in the market and as seven even actually to 10 years uh because it's
every time there's a physical bomb in in real world it will be transferred to a digital bomb
in the real world, it will be transferred to a digital bond in the corporate market.
But after the night, nothing changed.
After the war, Bitcoin dropped to 100k.
But right now, it came back to 107, 108 very soon.
So I think actually right now, it's it's it's it's true uh surely
divided the two sector in free market the institution uh uh department and actually the
the retail department uh i think actually before there's only one you know one market
There's only one market holder base, right?
There's no institution, no this kind of ETF or the micro-sale, no this kind.
But right now, actually, these two sectors, the relationship between these two sectors
do not find a quite good solution.
So we compete with each other but i think actually uh it's
it will be very clear in the next uh you know um maybe next next season or or next you know you
know after two quarters it's a bit obvious that the stable coin will too after you know genius
is that the stablecoin will too,
after, you know, Genius,
and the Hong Kong Stablecoin Act,
everybody will realize we have to go back
to the idol behind Nakamoto Sakoshi.
So why we emit Bitcoin,
they emit Bitcoin,
because we want to provide a solution for other people,
for actually individual people to survival in the world, not for a tool, for Wall Street,
actually this huge company, they actually make all the profit, take all the profit for how low the world would. So I think actually,
after actually,
you know, right now there are 22 trillion,
22 trillion of market value of gold and another 76 trillion of US states.
So what if actually every liquidation came back to the uh to the world
there is only one solution for other people to actually to like you say in the last question
there is a self-humber self-haven for other people use bitcoin to store a little bit of value from private, actually, center.
So yeah, we right now, everybody, do the right, do the opposite direction, go the opposite
direction of Nakamoto Satoshi, but in the name of Nakamoto.
So I think the idea is very simple.
So why we are here?
So why we want to put all the US dollar to the crypto, to blockchain, to Bitcoin ecosystem?
And why we need so many, printed so many US dollar, both in physical and in digital?
So I think there's still a long way for bitcoin like you say digital gold so it's a it's
a it's a narrative which under totally other estimated the value of bitcoin and actually the
value of uh like i said other people so in the next half year i believe there's much more
uh builders real builders came back to crypto
industry so right now the vc actually uh the part uh very actually stronger to survive and the
builder uh i i i think i think it's very hard to get enough actually resources to build what we love
in in the future but right now like i said uh this two sector uh
i i believe in the future there will be a good segment actually because between these two parts
yeah so like pop pod we build actually uh they work in about two years but uh you know still we
we we we we try to survive in the market because we believe products can talk, but we should be talking products.
So that is the flexibility of the whole market.
We will see what will happen in the next six months. Thank you.
Thank you so much for sharing. And I would like to ask Perry from
Treehouse, any thoughts you'd like to share? Okay. Yeah, I think the Iran situation definitely
adds tension to the market. And we all know that the crypto market is more sensitive, but I think
people now are very nervous about all kinds of micro stuff,
like war, race, and policy changes.
Yes, I think there are key factors
that will influence our market for sure.
And at the same time,
I think we don't really need to worry about it so much
because this kind of micro stuff is really hard to predict,
to foresee what will happen.
Yeah, but the only thing that I know is that there's one positive sign is that
how quickly could crypto bump back after the world's situation start to come down.
Yeah, and you can see the price of Bitcoin now is over 100k and still near Houghtonheim.
So it shows that markets pretty resilient and investors still have confidence.
Yeah, so yeah, those things that we cannot control, just ignore it.
That's it.
Can anyone help me to let her know?
Yeah, he's done his answer.
OK, thank you. So now I think we should keep things going and dive into our third
question of the night. Not long ago, the public clash between Trump and Musk got significant
market attention. So in your view, what direct impact could this kind of influencer level social conflict have on the social fight sector?
Is it reshaping the opportunities within the Web3 social landscape?
So for this question, first I would like to invite Amanda from XME to give us your idea.
invite Amanda from XME to give us your idea.
Okay, so the matter of Trump and Musk arguing online, I think it has some
impact on socialify. Both of them are figures who generate their own traffic.
Once they fight the whole internet watches, and the popularity of Web3 social platforms also rises along with it.
Platforms like Axe.com saw explosive growth in related topic discussions, and active user numbers of many Web3 social apps surge along too.
surge along too. However, because Musk argued with Trump, Tesla's market value directly dropped
150 billion USD, which also made everyone realize that relying on celebrities to drive traffic
actually carries quite high risks. So now when investors look at social five projects,
they've started considering how to avoid the pitfalls brought by
this kind of celebrity effect. But conversely, this matter also points out a clear path for
web3social. Current web2 platforms like x.com, truesocial, etc. always have various problems
when handling big v-fights, either managing too tightly or falling into control.
So Web3Social begin playing the cards of decentralization and users having the final say.
For example, using blockchain technology to tag controversial content, or exploring turning hot topics into NFTs or creating virtual events
for users to earn money.
This both avoids Web2 platform's traffic monopoly and attract new users through novel approaches,
essentially turning this wave of conflict into an opportunity.
This time on NextMe, we actually observed that many users
started entering Web3 social precisely because of certain hotspot events. The underlying logic is
that information freedom is a rigid demand, not a hype concept. This is the core driving force
for future user migration. This matter is what all future Web3 social media platforms should do.
Okay, thank you so much.
And next, I would like to invite Thomas from Whitebridge Network to share something with us on this question.
Sure. So, you know, at the Whitebridge Network, one part of our real-time report,
which our AI agent pulls, is about your digital footprint and like your social media analysis.
So, you know, honestly, I think that we live in the attention economy and people view most
visible people as because they attract the most of the attention.
So you know, it becomes even those conflicts and clashes, they become very interesting
people to follow.
So I believe that overall influencers are impacting more and more our lives.
And this is just going to increase.
This is the way how humanity is constructed.
Like even in the old times in the villages, there was always like old lady or, you know,
somebody who was like giving gossips
and everyone knew like what's happening.
So there is always in the humanity, in the small communities, bigger ones who are followed
and the people like to follow other people based on their needs.
So, you know, social five is a big, it's all all about attention either it's in the pre or it's
the two it doesn't matter the only thing that in the free that you know you kind of implicated to
listen to your community and i think this is the influencer, who the audience and what true intentions, as well as for the retail people.
If you're following somebody, you can also get a little bit understanding how commercial is that account and how bought it and how real intentions are.
I believe that with all AI things and social fi, you know, different projects which are evolving,
we will have better place and less and less space for the bad actors.
Great point.
Next, Ray from the Chaincatcher. Great point.
Next Ray from the Chaincatcher.
Hey guys.
Would you like to share some of your views?
Okay, thank you, Jose.
Sorry, I just found the speaking button.
So yes, I think now the market's reaction to the comments of, you know, KOLs and celebrities like Trump and Elon Musk.
It's gradually coming down.
I think everyone is used to exaggerated remarks and then nothing happens.
Just like what's happening between Iran and Israel.
We can launch the missiles and, you know, we can take a remand before that.
For the both sides, they are acting something.
So, or it is clear that they want to, you know, cut leaks.
We call it in Chinese, gejiu cai.
So I guess the retail traders will soon understand what happened.
the retail traders will soon understand what happened.
So I get the social fight projects increasingly dependent on the KOLs
and the influencers without obvious innovation in tokenomics,
you know, will accelerate the retail investors to escape from industry.
So for the social fight game,
from the co-founding team side,
they have to amplify their effect of farming or upgrade their tokenomics.
And then from the VC side,
I guess if you rely on the KOLs and celebrities much,
it's quite fragile.
I think the VCs now will, we can say, well, in the future,
will prioritize the anti-fregile infrastructure projects.
So the projects who can make very solid tokenomics
and the very high-tech integrated like AI
or etc.
So we'll get the fundraising easily.
For something else,
they probably will be
collected into garbage.
Sorry, this is my point of view. Thank you.
Thank you so much.
moving on to the next guest,
I think it should be Ting from
the PowerPode.
Hello Tim, would you like to share something with us?
I don't know how many people like me lost a bunch of money in Donald Trump and millennia,
and even Dogecoin from Elon Musk.
I believe it's actually a huge percentage of the people.
So yeah, everybody will be influenced by this kind of influencer, but I believe in the future
there will be less and less people believe in me.
You can actually read all these kind of drama from these guys, but don't buy their token.
Remember me.
So I think every time we talk about social file,
it's actually controlled by these kind of KOLs
and the utilosers.
It's KOL-fi, because we cannot build another version,
counterparty of Web2 social network.
Because this kind of network effect,
you cannot just build another copycat from Web2 to Web3.
But I believe in this future, we
can build another network for maybe digital human or digital
digital me, like WordCoin.
Right now, I use WordCoin to actually
to build some real connection
with real people i believe in the future there's a bunch of this kind of robot of me both virtual
and physical so maybe this kind of the robot can actually make the social connection for me
social connection for me they this kind of robot have linked to each other so
that kind of network cannot happen in Twitter or Facebook maybe there be a
whole new world for our future that kind of you know all these kind of the
connection network to happen in web3 so maybe that is social fire so right now
all these kind of social projects,
why we drive up their token, token value,
all these kind of people go away.
Like before Farcaster and right now Kato.
So yeah, this is interesting,
but I don't find any actually reasonable solution
for this kind of social fight,
trying to build another color party of Twitter or X,
all these kind of things.
Yeah, that's my opinion.
Great point.
Thank you so much.
And let's hear from another perspective.
Daniel from Mattis, would you like to share something with us?
Yeah, sure.
At the end of the day, at least, you know, to the point of the question,
it's, you know, these kind of influencers or whatnot,
speaking out on social media and whatnot, it's just noise, right?
It's, you know, and it ties a lot back into what we were
previously discussing about Iran. It's noise, short term trading, that kind of stuff. But if
you're looking actually long term, then you can kind of just ignore the noise. And at the very
least for social fire projects, if they're actually bringing something new to the table, if they're
bringing actually a valuable platform,
not just, like you just said, creating a copy on Web3.
If you're actually bringing something to the table,
then what you can do is you can just kind of just hunker down,
just build it out.
Because if you actually bring a lot of value
and you're able to somehow gain that network effect
of gaining a ton of users, then at the end of the day,
it's going to work in your favor. And if anything, you know, gaining a ton of users, then at the end of the day, it's going to work in your
favor. And if anything, you can just use the current or whatever is the current kind of
online battle. You can use that as a marketing device. If it brings a lot of attention, then you
might be able to just hop onto it. And, you know, as the I think the Chinese saying is rub the heat,
right? Use it as a marketing tactic.
But at the end of the day, it should not really affect what you're doing if you're actually building long term.
Okay.
Thank you all for the insight for sharing just now.
And I think maybe it's time let's move on to the next topic.
In recent years, incidence of market fluctuations triggered by outspoken remarks has been increasingly common.
So from your experience in the trading and market analysis, how do you view such celebrities that its means?
Are they useful market in signal to consider or just the noise that distracts investors?
So for this question, first, I would like to invite a sound from Zulu to answer.
Thank you. So I feel like celebrity statements definitely move the market, at least in the
short term. We have all seen it with Elon Musk and multiple meme coins. But what I think is in
most cases, it's just noise. It's not investors, I think chasing hype based on someone's tweet is extremely
risky.
Unless what they're saying is something that's not a good thing.
But I think that's a good thing.
I think that's a good thing.
I think that's a good thing.
I think that's a good thing.
I think that's a good thing.
I think that's a good thing.
I think that's a good thing.
I think that's a good thing.
I think that's a good thing.
I think that's a good thing. I think that's a good thing. i think chasing hype based on someone's tweet is extremely risky um unless they're what they're
saying is something what's unless the statement is tied to something significant like there's a
major investment uh or a partnership of that project um i think it's better to treat it as a
enter part of the entertainment cycle but not as their investment thesis.
Thanks.
Thank you. Thank you so much.
And building on that, let's ask Ray from Chaincatcher.
Yeah.
Please share with us some of your point of views. Hey, Ray.
Can you speak now?
I just lost the network.
Can you guys hear me?
Hello?
Yeah, yeah, yeah, okay, okay.
Yeah, this is a very good question, I guess.
First of all, we need to follow some data-driven KOLs
to do the analysis so that we can verify the signal
and the trusted analytics.
And the second one, I think, is we can use some longshore strategies.
We can shore the celebrity link tokens via, for example, our perpetual futures
and by like volatility derivatives.
volatility derivatives so we can we can hedge the risks. The third one I think
So we can hedge the risks.
is we can focus on the research of ourselves because I guess 99% of the
celebrities argue or clash to each other garbage so we have to abandon the
informations from the market and make our trading decision smart.
Yeah, this is my opinion. Thank you.
Thank you so much.
And Alicia from Deroji Labs,
would you like to say something about this matter?
Yeah, can you hear me?
Yeah, I can hear you.
Yeah, so I'd say that in terms of like um celebrities and influencers impacting the
market um yeah definitely a useful signal to to consider um and and perhaps like for example the
elon trump issue or should i say near fallout because i'm not sure if they really fell out or not
was was a weird situation for the web 3 space because um you have a lot of people who may be
excited about trump being president because he's pro crypto has a meme coin and then there's also
elon who has been in the web 3 meme space um for a long time and and like them being buddies and and then being part of the
administration kind of signals the uh pro crypto nature of the administration and the likelihood
of more pro crypto in um interactions and and pro crypto policies but then seeing them fall out then
puts you in a position where you're like okay is this something that is still going to happen i think big names like elon trump and and other big
names in the space definitely move the market and so it's always important to track them and so yeah
i think the answer to the question would be yes um it's useful market signal to consider. It's not just noise that distracts investors
because for a sector that has a lot of retail investors,
retail is actively following these people
and actively acting based on what they do or say.
So yeah, it definitely is a useful market signal.
Okay, thanks for sharing.
Next up is our number five question for this panel.
In an era dominated by influencers driving social traffic,
how can Web3 social projects leverage this trend
to precisely find their position and breakthrough and how
they should and how should social file projects see the flow of the traffic
opportunities so for this question first I want to invite Thomas from
Whitebridge to share with us your thoughts with that you start.
I'm sorry, anyone can hear him?
Oh, okay, okay.
I thought it was my network issue.
Okay, so maybe we should move on to Ray first.
Ray from Chaincatcher.
Hey, guys.
Can you guys hear me
uh yes i i can continue because uh in the previous questions i i just mentioned them and the concept is anti-froject economics
uh which means uh it can um uh integrate the the volatility things like
dynamic burning mechanisms.
I don't know if my English is correct.
The dynamic burning mechanism can be triggered
by the social sentiment spikes, like what Elon Musk said.
And this converts hype into deflationary pressure.
So mirroring how some of the tokens
have maybe over 40% surge,
capitalized manipulation demand,
like what the leading KOL sensitivity said.
So I think you can upgrade the tokenomics to antifragile.
And what's more is probably I think we should get to know how to monitor the celebrity mentions in real time
because maybe Donald Trump will tweet maybe 30 or 40 tweets
a day and so does
Elon Musk.
The people are so
distracted by all the
trash and garbage of
the KOLs to just send it out.
So the question is how can Web3
social projects leverage its trend?
I think the social-fi projects need to build a mechanism that can link the KOLs and celebrities' comments into the markets.
I just noticed that there is one of our clients, TT.
Yes, it described itself as the Web3 version of TikTok.
And he had the new design of when you doing a live stream,
you're doing a podcast and people can buy the tokens,
the KOLs, the KOL just issued.
So that's quite, this is a nice try.
Because if you follow someone, for example, like Elon Musk, like Donald Trump,
when he go, actually, no, when he go live stream,
he will buy the Trump token and buy the Musk token.
For example, like someone like Wang Da Chui, this is live streaming.
We can also buy the token Wang Da Chui, right?
So that's a very nice try.
So I guess the social file, the real users of social file, it's not that much.
It's because very few people will choose to use the web 3 version of
social application they prefer to do in in the web 2 traditional ones like
Instagram like whatsapp or WeChat or Rednode so yeah so the the web 3
social projects need to link the tokens to the KOLs themselves and that's my
opinion thank you social projects need to link the tokens to the KOLs themselves. And that's my opinion. Thank you.
Okay, thanks for sharing.
And next is Ting from the PowerPod.
How do you see it?
Yeah, I think actually it's
really about how we define what is web-street social.
Is traffic or is it a protocol?
So typically there is a must-ask question, why I migrate?
Why I migrate from Twitter from X to your platform?
So I believe actually most builders are forced demands.
We don't need another tutor.
We do need another leaky.
So actually the form of question we discussed, like a word call or a new project named the
Humanity Protocol, actually to try to figure out who is the real person behind actually
the screen. I think actually we can build another people layer for actually future AR era.
So I think actually this is to have to figure out what is real demand and what kind of this kind of universal social platform
cannot provide so so this is a first actually my comment another thing i think actually uh
there's always this kind of the niche domination like vertical social network like um either two
years ago there's a project from portugal named the talent protocol uh they just
actually want to provide a small network like leaking they work for talent people and the coders
uh yeah i think actually they they they both they can survive both in wave 2 f3
because they tokenize the ua resume for these kind of developers they care about their
privacy so i think actually this is uh there's always always this kind of the you know vertical
social life social network or niche market so this is a separate point another the last part I think actually have to combine DeFi,
DeFi lingos with social, social-fi,
or all this kind of integrating from
are we compiled to actually your social,
to monetize your social credit score for,
to monetize for everybody.
So I believe in the future without financial
utility all these kind of protocol uh become irrelevant so yeah uh i like kanto i believe
actually lots of people have to work with them but uh there's some force some some flaws behind
actually these kind of protocol so maybe in the future there are
i i i figure out actually there are over 26 million uh people uh registering work coin
so that is a huge number i believe in the future maybe it will be headed to 200 million or even
uh you know to treat 2 billion so at that time so everybody needs this kind of the you know, to treat 2 billion. So at that time, so everybody needs this kind of the, you know,
identification to actually to handle your connection with all these kind of AI or AI behind people.
So yeah, that is, I think, a not very clear, you know, future for Web3. But yeah, maybe we can try.
Yeah, thank you.
That was very insightful.
And next is Perry from the Treehouse.
Would you like to add something on this topic?
So it's Bib's question, right?
Okay, so I think the key difference between social file and short file platform is economic
incentives.
And to stay competitive, social file project must design creative-driven models with tailored
incentives like content mining on-chain reputation yeah
to break through i think they may try to align to economics with viral moment
turning attention into real on-chain activity and it's not just about chasing hype but converting
engagement into sustainable growth yeah that's why i think thank you
yep Yep. Can someone give me help?
I think she can hear my voice.
For this question, I would like to invest one more guest to answer.
Daniel from the Madness.
Hey, Daniel.
Yeah, hi.
So, socialify is a tricky thing, right?
And having so many, what is it, smart panelists here,
they pretty much touch on all the important points.
But one thing I think everyone kind of forgets about is we like to attach token values, we like to attach NFTs, or whatever it is
possible to actually partake in the incentives to attract users to social five platforms.
That's all good and well. And let's be honest, that's what you know, 80% of crypto is about.
well and let's be honest that's what you know 80 of crypto is about but at the same time it's
similar to how twitter algorithms work um if you use a lot of quest campaigns right so for example
um platforms like galaxy uh to gain a bunch of followers fantastic you've just bumped up your
number significantly but what you end up doing is you train the algorithm to expose you only to people chasing quest campaigns.
So at the end of the day, what you get is users whose accounts, I'm not talking about
the users themselves, but the accounts that come with it are very low value or very low
conversion.
So you don't actually get lasting community members from it.
actually gets lasting community members from it.
You just get the people chasing PoApps.
You just get the people chasing PoApps.
So them actually following you or liking your tweet
or signing up to whatever it is you're asking them to,
you don't actually gain long-term value from them.
You just get that one sign up, that one bump in the number.
Similar with Socialfy, if you use a lot of incentive campaigns
to bring initial users on board, fantastic.
Hopefully you reach that critical mass
and you're able to convert to a long-term user base
and get that network effect going.
But at the end of the day,
what you're getting is you're getting a significant number
of people who are just chasing after that incentive.
So once the incentives dry up,
then what do you have left, right?
And then yes, you can absolutely design a tokenomics scheme that
really you know tries to promote long-term value but that in itself is incredibly hard and for
socialfy usually that relies on actual good organic usage of the platform rather than everybody just
chasing the incentives so it's it's a difficult thing to solve.
And I really look forward to the first one
to really pop off and make that kind of conundrum work.
But it is a pretty common thing to see,
and it is something that really is difficult to avoid.
Okay, thanks for sharing.
And I would like to invite one more guest for this question.
That is Eddie from the PWR Labs.
Hello, Eddie.
Would you like to share some of your opinions on this matter?
Hello again.
Just very quickly, the question is about the second half of the year for crypto, right? It's about the
how should socialfy project to seize the flow of the traffic opportunities? Yeah.
Oh well I'm no expert on socialfy. I'm mostly a tech founder and investor. But if I had to answer that, I would say just legitimacy, because right now during this space, I was scrolling X and the amount of AI content and the amount of useless content I've seen is incredible and if i think about a platform i want to use which i would stick to is i would
say legitimacy valuable content and maybe an ai filter i would very much appreciate that or maybe
they can have two separate platforms one with the ai filter or one without or a button to disable or
enable it but beyond that i don't think i give too much advice. I myself, I'm not a social five founder or expert.
Okay, thanks for sharing.
Now let's discuss the final question of this round.
We've already halfway through this year, yet the crypto market has not seen a decisive breakout.
year yet the crypto market has not seen a decisive breakout looking ahead to the second half of the
year what key turning point may that might emerge and how do you think bitcoin still have do you
think bitcoin still have a chance to hit a new all-time high before the end of the year and how can the broader crypto industry across
various sectors finally enter a true bull market so for this question first I
would like to invite Sam from StarTail to answer
hello Sam can you hear me hello yeah sorry about that uh can you hear me
yep uh yeah so um I think definitely this year is looking a lot different than last year
so now that we're entering like pretty much um second half of 2025 I think there's a lot of
potential but um there's still a lot of hesitation on the market side because of everything, all the macro factors that are going on, like from the tires to the walls.
I think retail interest hasn't fully returned as compared to how it was last year.
But I definitely think that this time the foundation for a breakout are much stronger than it has been in years.
So I think last year a couple of like highlight moments was definitely like the spot Bitcoin ETF approval that gave us like a
major bump and then I think now push to this year what we could hope for would
potentially be a spot Ethereum ETF. This is pretty much I think SEC has
been coming around a bit so we could expect this this year.
And I think even layer 2 ecosystems now they're focused on actually onboarding more users.
I think generally Web3 is getting bigger rather than just focusing on farming TVL.
So I think this is also going to bring in more legitimacy, more adoption.
And yeah again I think stablecoin regulation is becoming extremely prominent not just in us
but even in asia you see a lot of big companies like mastercard stripe everyone trying to slowly
get in the game and yeah i think even the fed interest rates again um there's a hope that it
could it could also be a big factor to pick up the markets um i don't really know if BTC is going to break a new ATH beyond this point than we have seen.
I think this is just my speculation.
It all really depends on the catalyst.
But I think that this year is not going to be anything like the previous years.
I don't think NFT booms are going to happen again.
I think last year was a lot about meme coins.
I think this year is going to still be more focused on rwa is more focused on stable coins and maybe even real life gaming use cases
or even on-chain did use cases um definitely a lot more of ai and crypto so i think that's gonna be
what's gonna stick hot as of this year so yeah this is just my prediction and I'm definitely cautiously optimistic,
but I think it's going to be
a much better diversified bull cycle
whenever it does come around.
So yeah, that's all for me.
Thank you so much for sharing.
And next, I would like to invite Eddie from PWR.
I think this is the question you would like to ask.
You would like to answer, right?
Yes, yes, that's it.
So talking about Bitcoin and the second half,
off of the bat, no one can tell for sure what's going to happen
because no one will know what study events will happen.
Trump can come out tomorrow, make some decision that tracks the whole markets.
But in terms of Bitcoin hitting a new all-time high before the end of the year uh it's possible i mean bitcoin is only four percent away
from its all-time high and for bitcoin that's a one day or two day movement so everything is
possible no one can guess for sure regarding the rest of the crypto market i think the crypto
market ever since the etfs came out and ever since we filtered from the 2020 era, like the 2020 era with all the NFTs hype and all the hype, like back then, anything that was crypto had hype.
But this era also filtered out the Web3 space.
Okay, you see, during this bull market, or I don't know if you want to call it a bull market the market was much
more picky not everyone got a turn and i think the next bull market will be even more picky not
every crypto will benefit from the upcoming bull market bitcoin will definitely benefit and i think
cryptos that are introducing real technological and economical value will benefit but other than
that i don't see the whole market benefiting
the way it did in 2020, because everyone keeps hoping for 2020.
Everyone keeps saying, oh, alt season and bull market and retail money.
Everyone keeps hoping for that.
But I personally feel it's not going to come again.
We should accept the reality of what is now,
that the market is much more picky.
It is a little more institutional money at the moment than retail money. So we have to be serious in what we do and how we work.
Serious projects, serious technological and economical value. But I repeat, no one can
guess for sure. The second half of the year might also be bad. The first half was kind of bad on a
global scale. The second half might also be bad but what i what i know for sure
is that the longer this stretches the longer this let's call it bad era the longer this bad era
stretches the bigger the jump in the good era will be okay there's no bad era that lasts cash
is not meant to hold value cash dies cash inflates and assets are the ones meant to hold value. So on the long run, there's a win, no matter how you look at it.
It's just a matter of when will it come?
It might be this year.
We might have already started it.
The markets today are exploding.
They're absolutely exploding.
And we might continue like that for the rest of the year.
Or there's some other event might happen, and we might start booming next year.
No one can tell for sure, but it was for sure a time will come
when all of the assets will be in profit.
Okay, thanks for sharing.
And next, I would like to invite Perry from Treehouse
to give us different thoughts on this issue.
Yeah.
Oh, okay.
So for me, I think the biggest variable remains
whether the fade will cut rate in Q3 or Q4.
So for the market to rally, I think we really need liquidity.
And right now, the liquidity is very tight.
So without momentum, price can move meaningful.
So I think that's a key point for me and as for Bitcoin hitting a new
autumn high again this year I think this is not a really important question
because it is already trading their historical highs and you just broke a
new autumn high I think like few weeks ago and now i care really about is that whether
ethereum can we gain its momentum again because it's less performance is much more worse than
bitcoin and our protocol is more relevant to ethereum so yeah i'm really hoping it can surprise
us with a strong comeback before the end of year. That's it. Thank you.
By the way, he's done if you couldn't hear him.
Thank you so much. And for this question, I would like to invite the last guest, Isant from Zulu, to give us your thoughts about this matter.
Yeah, thank you. And I totally 100% agree with everything our panelists just said. we can't predict what's going to happen. Anything can happen. It could hit the all-time high,
or maybe it just moves around the same $100,000 mark.
But what I do want to say,
if something changes,
like if something changes in the macro condition,
like in interest rate cuts or a new ETF approval,
just like Sam said,
we could definitely see a strong move in Bitcoin.
And the long-term fundamentals are still intact, right?
The user adoption is growing.
Institutional interest is growing.
That's true.
So I wouldn't be surprised if a new all-time high hits in the second half of the year.
Usually, the holiday time is always better in terms of performance of Bitcoin.
But again, it will depend on how the global events unfold.
If the war situation settles down and everything is better,
then I guess we can see that bull market everybody is waiting for.
In the end, I just want to say that the pieces are on the board. I guess we're just waiting for the catalyst. Thank you.
Thank you. And thank you to all the guests in the first session for insightful and inspiring
sharing. And next, we will invite the second group of the guests to join us and continue
the discussion around tonight's topic we believe their perspectives will also bring us diverse and
exciting insights so stay tuned everyone um while we are waiting for the next group of guests to join. I have two questions that I would like to ask Amanda, the ambassador from X.me.
So the first question is,
platforms like X and True Social have established strong positions in the Web2 social space
and are gradually exploring Web3 directions.
In such a competitive environment,
how can Web3 social 5 project achieve breakthrough
through the mechanism, innovation,
and different themselves from narrative
to avoid homogenous competition.
And also, could you please share if there is any special significance behind the choice
of the domain name x.me?
Yeah.
Okay, so regarding the domain name of x., we choose XME to make users immediately understand
X represents interaction and connection, ME represents user sovereignty.
So we aim to build an innovative user system based on personal identity and social relationships. The domain is concise and memorable,
aligned with decentralized social branding
while differentiating from x.com
to highlight community-driven Web3 characteristics.
XME seems to create a user-led social ecosystem
through decentralized protocols and token incentives, distinct from x.com's
centralized traffic model. Regarding Web3's social 5 project, needing mechanism innovation
and narrative differentiation to compete with Web2 giants, there are three breakthrough points.
The first one is mechanism innovation. So adopt decentralized identity on on-chain social graphs like LEM protocol to grant user data autonomy, breaking web to use data monopoly.
For example, port 3 uses a tasks as data behavior as assets model to transform users' social behavior into tradable assets.
Second is narrative differentiation, which emphasizes user sovereignty and value distribution.
For instance, fantasy top tracks KOLs through monetizing social capital, contrasting with Web2's ad-driven models.
Highlight Web3's privacy protection and transparency to attract users dissatisfied with centralized
platforms.
And third is avoiding homogenization, which is focused on vertical domains, for example, gamefight social, AI-driven social,
and use modular blockchains to reduce development costs and enhance performance. I'm so unfinished.
Yeah, she's done her answer.
Got it.
So building on the previous question, I have another one for Amanda. Web3 social platforms have seen trends like Frontech and Tom, which faced challenges such as user trauma and unbalanced incentive models. So how does XME design its platform to avoid similar risks and build a more sustainable user ecosystem?
So the lessons from Fred Tech and Tan show that SocialFi projects relying solely on speculative fever struggle to maintain long-term ecosystems.
Acculative fever struggled to maintain long-term ecosystems.
XME drew insights from leading projects during its design phase of forming a triple mode.
Surfacing frat tech from relationship trading to ecological closed loop,
frat tech was limited to social relationship tokenization.
Ordinary users could only profit by buying
and selling celebrity keys.
XME constructs a social, finance, creation combined ecosystem.
For social end, future users publish videos to participate in content mining.
For financial end, on the Web3 site, XME tokens will be used for platform governance voting.
For creation end, the platform establishes a fund to support users in producing Web3 native content.
Surpassing TAN from single traffic dependency to full platform vision, and depends on Telegram's 900 million users,
but XME will integrate multiple platform traffic inlets.
Posting videos with XME topics allows direct registration
via click-through links without redownloading apps.
This one-click migration capability effectively captures overflow traffic from platforms during celebrity disputes like Trump.
Pioneering the Iron Triangle of Strengths model, XME's sustainable development relies on traffic ecosystem, economic model, and capital support.
For traffic ecosystem, tens of millions of Web2 users completed ColdStart.
For economic model, it dynamically adjusts token release rates to avoid inflation devaluation. for capital support. 100 million foundation insurers
uninterrupted incentives for three years.
So that's all.
Thank you. Rana has a much better understanding of XME. And we would like to invite all of our listeners today to follow XME's official Twitter account for more updates and information.
And we also welcome everyone to experience this innovative social media platform, which I'm sure will offer you a unique and refreshing experience.
Okay, so I think it's time to move on to the second session.
I see most of our guests for the second session has already joined us, so let's get started.
Although we have already covered the questions in the first session, but we believe our new guest will bring fresh perspectives and insights for us. Delulu CBO Naomi and Fireworks CEO William.
Monad Angel Investor Frank, Play First Games CTO Shark.
Margareta Finance CEO Matthias.
U2U Network CMO Astrid, UX UI Head of Partner, Align, and Datagram CEO, Jason.
Welcome to all of you.
And likewise, I'd like to invite our second round guest to briefly introduce yourself one by one.
So I think maybe we should start from Naomi from the Lulu.
Yeah, yeah, yeah, for sure.
Hi, guys.
My name is Naomi.
I'm the CBO from Delulu.
So Delulu is the first AI-powered platform for on-chain alerts and signal monitoring
with building trading tools like one-click wallet scanning and automatic copy trading.
So our team is located in Denver in the United States.
We're currently expanding across North America, APAC,
Southeast Asia, and also the MIT.
Our web and app is already left, and iOS and Android
supports our communist win for more global support.
Just let you guys know.
It's very happy to be here.
Huge thank you to BSKOL Club for the invite,
and looking forward to learning more from all of
you and having a great conversation. Yeah, let me get back to the host.
Okay, thank you. And next one is William from the Fireverse.
Hello, William, are you there?
Hey, thank you so much for inviting me.
And yeah, hello everyone.
My name is William, I'm the COO. Hey, thank you so much for inviting me. Hello everyone, my name is William, I'm the COO.
Hey, thank you so much for inviting me. Hello everyone, my name is William, I'm the COO. you
Okay, um, let me see which one has already joined us.
Estrade, are you there?
Estrade from U2U Network.
Hello everyone, I'm here.
Can you hear me?
I'm speaking right now. Yes, yes, please go ahead.
I'm sorry.
It seems I have some delay on my connection, but I can hear you.
Please go ahead
Hey, is anyone speaking right now?
Otherwise I just continue like what I was just now.
Hello? All right. Thank you, Sherry. Yeah, so thank you so much again.
Hey, hello. Is there anyone can hear me? I'm...
Right now, yes.
I think I'm lost connection with this space room.
Maybe you can introduce yourself one by one and I'm going to fix my connection.
Yeah, sure.
I'm doing that now.
So, yeah, so Fiverr's AI music platform, which all the music creators can create the music and earn some more income by through the Web3.
So right now we have like 15 million users.
So 15 million sounds a lot, but there are lots of them, like 90% of them, they come
from the Web 2, which by the email and other like Google marketing stuff. So only like
5% that's Web 3 native users here, but it's still a lot of users. And secondly, one of our biggest investors is Mr. Zhou.
So Stephen Zhou, Zhou Xinchi, you know, is Xin Ye.
So he's one of the famous directors in Hong Kong, mainland China, obviously.
So I would like to show my appreciation to him, special thanks for Stephen Tull.
Thank you so much, Xin Ye,
for all the support in Hong Kong here.
And then lastly,
right now we have the deep-in devices.
There's a music loudspeaker, the music V-Box.
So we help all these music creators
turn the AI music to the NFTs.
And so like all the fans from the Vibers,
they can listen all this AI music by through the music box here.
And we're going to do the TGE next month.
I mean, like, end of July. So
we're going to be listing
in the
gate.io.
Hopefully, we have some chance in the
Binance Alpha as well.
So please follow us and
please follow the BSKOL
Club. And thank you so much again
all the speakers and all the
audience here tonight. Share with some political issues later on. Thank you so much again all the speakers and all the audience here tonight.
I'll share with some political issues later on.
Thank you so much.
So I pass the mic back to the host.
GM everyone.
I'm joining today from Margarita Finance. We are about building the
DeFi protocol for Argentix stablecoins and I'm super happy to be here today.
Hey, hello, can you hear me now?
Yeah, yeah.
Hello, hello.
We can hear you, We can help you.
Can you help me?
Okay, I think there'll be some issue with my connection.
Okay, so I will first introduce the first question to you. And here is our first question.
Recently, the Iran conflicts has escalated,
yet Bitcoin offer refers to digital gold has fallen alongside the broader
market. Despite being considered a hedge against geopolitical risks, Bitcoin recently performed
seems to contradict that expectation. So how do you interpret this market reaction? Do you believe
Bitcoin can truly become a safe haven asset like gold in the future?
So for this question, I would like to invite four guests to answer.
And these four guys, William from Fiverr, Frank from the Monad, and Shark from the PlayFirst Games and
Ling from the UX UI.
Because I think there is something wrong with my connection.
So please go ahead and I'll try to fix my connection. Okay, so do I go first? For the first question, it's about Iraq and the United States of America.
So I would like to say right now Donald Trump is the president of the United States. He wants to
to reorganize, like reorganize or make a new route
for the world right now.
So for example, he wants to use like Bitcoin and the gold
says two standards for like the national reserve
and to restrain the power of the US dollars. So that's the first one. Then why he supports
Israel against Iraq? Because the main reason is for the old world, like Obama or like Joe Biden, they are like the old money.
So they already get used to it to do all this, like the war already.
So like Donald Trump, they, I mean, he and Elon Musk,
so they are the new money.
So they try to make the new order for the new world.
So that's the first principle here.
So that's why we see like how right now,
like how positive the correlation
between the United States and the crypto markets.
So everything happened in the United States and the crypto market. So everything happened in the United States
there's an effect to the crypto market to the Bitcoin obviously
obviously to Bitcoin as well.
Like when Iraq
they start the war then there's gonna be a huge drop down to the Bitcoin price, as we can see, because Iran, they holding like the nuclear weapon.
But in the end, we saw the Bitcoin jumps back right now. So, yeah, hopefully peace and love for the world.
So I will pass the mic to the second speakers.
Thank you so much. Maybe...
Hello everyone, can you help me?
Yes, yes, please go ahead.
Okay, okay.
Maybe host is not connected. I will introduce myself. I'm the CEO of PlayFirst Games.
And I'm very happy to discuss this interesting topic with you.
interesting topic with you. PlayFirst Games is a company that focuses on web3 games.
We have several interesting e-sports games. I hope you can follow me and play the game together
to get happiness. This question I think is a good case question. I think, is a good case question.
I think this is mainly due to this round of Bitcoin's high branding to Wall Street Capital.
During this period, the property of Bitcoin is a downer asset, so the wall will cause
great flood to essence.
In the future, I believe that with the discovery of the value of Bitcoin, it will surpass gold
to become a safe haven in the digital age.
That's all.
Next.
Next question.
Okay. That's all. Next.
Hello. I guess I can jump in, right? So I think that while Bitcoin is often digital, its behavior during the geopolitical shocks is still evolving. So when the Iran conflict escalated in early this year, I think most Bitcoin and
equities ripped, not just Bitcoin, not because Bitcoin failed as a safe haven, but due to
the liquidity crunches and the investor risk of behavior. For example, in the Russia-Ukraine
crisis in February 2022, as I remember. Bitcoin initially dropped 7%
before rebounding asset investor process, macro signals. And the gold tends to rise because
it's well established. The BTC being younger, still trades like a high-risk stage asset under strength.
And also in the report from Kyco in 2023, Bitcoin had a correlation with the Nasdaq
during the global tensions.
So I can conclude that the Bitcoin long-term potential as a safe haven remains intact especially as adoption
increases like for example the blackrock bitcoin etf it it was it was launched in 2024 with um
yeah with like billions of um us dollars in uh um so like but I think short term is still a risk on assessed. That's my opinion.
Thank you, Astra. This is Linh. I'm the UX U.S. Head of partnership. So maybe the host didn't call me when we do the self-introduction session.
So let me introduce, do a quick introduction.
So UX UI is backed by Binance Labs.
So we are the first multi-chain trading platform built on a smart exchange protocol.
Also, aka as the SACS protocol.
So we are the Memecoin trading applications,
which you can download in the Apple Store or in the Android version.
So it's very user-friendly.
And our main feature is the gasless trading and the fiat on of
off ramp and on ramp and it's also have the ai power insights and the very seamless
multi-chain support so we are very happy to honor you offer you guys some partnerships. So for example, if you are a DeFi Dex
on different multi-chain protocol,
we are happy to do partnership announcement together.
So, and also if Mochaos here
want to join our Care Alliance program,
we are also very happy to onboard you guys.
So that's for our introduction.
And as for the first question list here,
so the knowledge, I think the Bitcoin also referred as the digital gold. But for example, the behavior like this kind of geopolitical events like the Iran conflicts
so still reflect that Bitcoin knowledge you have the risk on assets
effect in the short term so this kind of this reason deep in signals that crypto market is
still influenced by the macro economies on uncertainty and also the liquidity flows,
especially from this kind of like Wall Street players, institution players.
So over time, I believe like Bitcoin's correlation with the traditional assets will weaken,
weakened uh especially as infrastructure structure like ux ui improves x access
and adoption so more and more institution investor join and most of the uh i think with the market
cap becomes higher so i think the price will be more stable and and it will be more close with the real gold
effect so um so as we all know that Bitcoin now they see sometimes they can be the digital gold
but sometimes he can also be the high risk assets So it has two sides of ways.
I mean like...
Can you hear me?
Yeah, we can hear.
Okay.
That's for my answer.
Back to the host. Thank you.
Okay, okay.
Okay.
Okay.
I have to ask for us.
I wish everyone knew
that I was surprised
in talking about this question.
Hello, are you here?
We can move forward with the questions
if you want. Það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er að það er a Yeah, for sure.
Yeah, for the question, literally everyone's talking about it.
It's very interesting.
So I think there are a few key ideas i want to
share with you guys um it's going to be um like a rate cause regulation and also around the tri
five players activities uh let's start with the first one is a rate cuts um it's definitely the
hottest topic right now especially under this kind of situation the war um once the feds start
to easing up we will likely to see like money flows out of the tri-fi and start to get into
like higher yield stuff and obviously crypto it's on the top of the list um even if it doesn't
happen this year i'd say there's a greater chance we're going to see it kick in next year and then
second uh i want to talk about the regulation.
Regulation is finally moving in a little positive direction right now.
We've got Trump backing crypto publicly and the U.S. government slowly working towards more on the clear side for the rule for the crypto industries.
Plus in some places like Europe, Korean, and Hong Kong, the frameworks there like Mika are starting to take the shape for crypto, which is very good news to us.
So overall, we're watching crypto moving out of the grid zone and start to get a little into something more structured and legit.
And then right now, we are also seeing some big Tri-Fi players buildinging around RWA's, stable coins, and other on-chain infrastructures.
And to me, that's a very good signal because that's expressing a great idea that the future of trading isn't going to stay centralized.
It is going on-chain. At Delulu, we're definitely booting for that shift.
We have launched a meme focus
stacks with two that help users track what's happening on chain in real time, especially
during those fast moving meme cycles. But we're not stopping there. We are all continuous
moving and we are also building towards to the next wave, which is helping stablecoins
or WAs and other real world assets moving on chain in a complete way.
So yeah, we are not just watching the tree,
we're trying to help.
We are trying to build the real for what's coming next.
Yeah, that's pretty much about my idea about this question.
Let's get back to the host right now.
Okay, I think I'm moving on to the next speaker to answer this question then.
I would like to inspire the macro situation first.
I think that the critical market is still at the crossroads, and it's influenced a lot by geopolitics and macro policy
and sector rotation.
So for the macro lens, the Iran-US conflict
has the short-term risk of pressure.
But you guys know that the fast potential rate cuts, right?
It's 60%.
Yeah.
And it's a real catalyst and if easy uh easing
comes the historical the history will show the crypto tends to rally strongly um maybe like rise
the btc already rose as a 200 post um march this year oh no post March 2020, Red Cuts. So for the institutional flow,
the spot between the Bitcoin and Ethereum now hold over like more than 40 billion USD.
And the institutions are watching the macro clarity. For the emerging markets, maybe DUNE and also Chain Analysis
and other research firms in crypto have already pointed out
that the on-chain data shows the whales are still accumulating.
In distressed economies like Argentina,
the USDT demand proves crypto's role as a local
hedge even if the global charts stay flat.
I met some like the head of Tether of Latin America in Korea blockchain week last year.
So it also proves that Latin America is also the emerging market for the stablecoin.
And it also back up the idea that Bitcoin is also somewhat important in a very inflated
market like that.
For the sector rotation, while the Bitcoin jobs sideways, the D-PIN and real assets are surging.
So I'm proud to be a part of the leading layer one D-PIN YouTube network to be here and speaking with our other KOLs and prominent speakers.
So, yeah, to be honest, the short term, the sideways and the cautious will happen.
But the midterm for me, the uptrend likely by Q4,
hopefully, if that is and the ETFs in close return,
as I already predicted in the first question.
And the real alpha right now is still
in the utility driven sectors and not the high cost.
So I really make a bet in the deep end
as a real world asset section then.
And we also like just got
the series invested by the uh one of the biggest uh stock uh corporation in vietnam uh for 20 years
well established so yeah that's uh that's a little bit about my opinion about the yeah Should I speak quickly?
Okay. Thank you. Hvað er það? Hey, hey, can you hear me now?
We can hear you.
Hello, everyone.
Please give me a sound if you can hear me.
We can hear you.
Yeah, we can hear you.
Yeah, we can hear you. Yeah, we can hear you. Thank you.
