iamyourchaos

The first launch project confirmed by Bybit Launchpad @byreal_io is Fragmetric (a Sol re-staking platform).
The launch rules of the Byreal Launchpad have been studied; if @virtuals_io's Genesis Launch achieved 'lowering the valuation of AI projects,' then Byreal attempts to 'launch on-chain projects with the IEO approach.'

Rule 1: Smart Price Ladder
Users will no longer participate in launches or auctions at a single price. Instead, they can bid at multiple price points.
Think of it like a spot order book to understand.

Rule 2: Higher Bidders Get More Quotas
The essence is still to incentivize users to bid at higher price points. It's not a problem to incentivize users who take on more risks.
Specific details on how the white rules and price ladder are set will be awaited.

The founder of Byreal describes Byreal as a 'permissioned DEX,' which means it has moved the centralized exchange launchpad + trading market + wealth management market to on-chain. The platform selects projects and assets for users. The first issue, Fragmetric, is also a high-quality VC coin. There will definitely be a wealth creation effect, but the characteristics of VC coins determine that the valuation discount won't be too much (otherwise how would VCs make money?), so participation is recommended.
However, in comparison, I prefer the incubation approach of the Virtuals ecosystem.

The project shared in 2022 @CESS_Storage $CESS has its TGE tonight. In addition to being listed on Binance alpha, it has also been simultaneously launched on multiple exchanges including Gate, Kucoin, and others.
After years of hard work, there are finally rewards. If you have interacted before, remember to claim your airdrop.
Official airdrop: https://t.co/alIe3gVyzx
OKX exclusive airdrop: https://t.co/6s4fPlBJvp

In terms of project narrative, CESS is the world's first decentralized infrastructure that integrates "L1 public chain + infinite storage + AI." Its network architecture includes:
CESS Layer1
DeOSS Object Storage Layer
CD²N Content Distribution Layer
PoDR² Privacy and Security Mechanism
and more
It sounds complex, but in reality, it is not that simple...

CESS's industry contributions and past activities
CESS was assessed at the first level of the Blockchain Maturity Model by GBA in Washington, USA;
Invited twice to participate in the Use Case Fly-in event on Capitol Hill, engaging in policy discussions with several members of Congress;
Led and initiated the IEEE P3220.02 international standard;
In the blockchain strategy proposal submitted to the Bahraini government by the international organization GBA, CESS was listed as a candidate partner for the infrastructure layer along with Oracle.
From the above, it can be seen that CESS's technical strength is absolutely unquestionable, but as a public chain, I personally believe the most core aspect lies in the ecosystem. The technical architecture has been completed, and the TGE has also been successfully completed. I hope CESS can make more efforts in the ecological aspect.

The big one is coming!
No clickbait intended, but this time, @Aptos and @Jump_ are working on a big project together.

Everyone knows Aptos, one of the three Move giants, currently lagging behind Sui in the ecosystem. However, after the management restructuring early last year, it is showing a strong momentum to regroup. As a pure 'American concept coin', the new CEO @AveryChing recently attended a congressional hearing to provide reference opinions on legal regulations for the U.S. crypto industry, showcasing a strong presence.
Jump doesn’t need much introduction either, as one of the top market makers. After the collapse of FTX, the Solana ecosystem was greatly affected, and Jump played a key role in stabilizing it.
The two giants are collaborating, betting on the 'hot storage' track @Shelbyserves. In the project's architecture, Aptos Labs provides a fast and inexpensive blockchain foundation, while Jump Crypto injects institutional-level high-throughput architecture, achieving a 1+1>2 effect. Shelby's Web2 counterparts are platforms like Amazon Web Services and Google Cloud, with immense application scenarios and business needs.

Hot storage exists in contrast to cold storage.
Cold storage: A data storage method for low-frequency access and long-term archiving, fast to write but slow to read.
Hot storage: A dynamic data storage system designed for high-frequency access and real-time interaction, with low-latency reading and real-time updating capabilities.
In simple terms, cold storage is 'passive archiving', not active, not responsible, not rejecting, with little interaction; hot storage is 'active interaction', meeting every day, communicating every day, always available.

How should the business of compliant exchanges be conducted?

According to data, in 2024, Coinbase:
The total number of users is 105 million, with about 55% from the United States.
Institutional clients contribute 82.05% of the total trading volume, while retail users account for only 17.95%.
By currency, Bitcoin and Ethereum account for 44% of the trading volume.
Summary: Mainly serves U.S. users, institutions account for a large portion of trading volume, and mainstream coins remain the primary trading assets on the platform.

In contrast, Hashkey Exchange, which is also a compliant exchange with a strong background, has encountered several difficulties, including:
Market limitations: HashKey mainly serves local users in Hong Kong, with limited market capacity.
Globalization attempts: In 2024, HashKey Global was launched to expand into international markets, but it started late and faces fierce competition from established platforms like Coinbase and Binance.
Limited scope of services: Due to stringent compliance requirements, HashKey's products and services are highly targeted but have a narrow coverage.

Highlights: OTC Business
HashKey's over-the-counter (OTC) business has performed exceptionally well, supporting seamless trading of over 10 fiat currencies and more than 60 cryptocurrencies, with trading volume exceeding $5 billion in 2024, becoming its pillar revenue source.
The risk of a single business line lies in an unbalanced revenue structure. Can HashKey explore diversified business models to achieve long-term growth? Currently, there is indeed potential.

On May 7, 2025, Futu Securities International officially launched Bitcoin, Ethereum, and USDT deposit services, supporting cryptocurrency trading services for compliant investors;
On June 24, 2025, Guotai Junan International officially received approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services.
According to reports, both Guotai Junan and Futu are adopting a broker-intermediary model to enter the cryptocurrency market, with the underlying technology supported by HashKey. This means that the two platforms do not directly develop cryptocurrency trading platforms but act as intermediaries, providing trading services for cryptocurrencies based on existing platforms and interfaces.
In fact, the two brokerages have become HashKey’s “distributors,” as Guotai Junan and Futu hold VASP licenses, while only HashKey has a VATP license. The underlying liquidity of VASP relies on VATP support, so the trades of users on their platforms will ultimately flow to HashKey.

The explosive point is:
Currently, multiple brokerages are striving to complete license upgrades to enter the cryptocurrency trading market. Their operating model is also a non-self-operated “distribution-style” exchange, while HashKey, in terms of technical strength, compliance, and brand power, is far ahead in this market, possessing sufficient core competitiveness in the B-end, and it could very well become the underlying platform for institutions entering the cryptocurrency market in the future.
Domestic brokerages and institutions entering the cryptocurrency market will in fact become distribution platforms for Hashkey. Additionally, the “cross-border payment link” from Hong Kong to the mainland has officially launched, releasing positive signals from the policy level. No wonder $HSK rose 160% in one week.

$MGO @MangoOS_Network officially completed TGE, launching on Kucoin, Gate, and Bitget is not surprising at all, after all, Mango's investors include Kucoin Ventures and CatcherVC. However, it is indeed a bit of a surprise to see it listed on Binance alpha.

As a new L1 in the Move ecosystem, it is certainly difficult for $MGO to catch up to a few big brothers initially, but one major advantage of Move's public chains is their ability to create hype:
Sui goes without saying, with the emergence of $WAL, $DEEP, and other hit tokens.
Aptos underwent leadership restructuring, has deep pockets, and its ecological funding fund amounts to $200 million.
Movement, despite the controversies, also saw a significant price surge around its TGE.
Looking forward to Mango also being active and driving prices up.

Additionally, don't forget to do these few things:

1/ $MGO Airdrop
Query link: https://t.co/864XIWxFyU

2/ Kucoin $MGO Event
Prize pool: 1.1 million $MGO
Event link: https://t.co/Inj5n2DIKA

3/ Gate CandyDrop
Prize pool: 4.2 million $MGO
Event link: https://t.co/rsnljbXwXW

Official cross-chain bridge: https://t.co/zs2oGrf1AD (supports cross-chain from Mango mainnet to BSC)

ca 0x5e0d6791EdbEEBa6a14D1d38e2b8233257118EB1

dyor

Let's talk about @virtuals_io's new investment👇

The alpha I got from participating in Space last night is that a major mysterious project will be launching soon.

So my strategy is:
30% of points for $WACH
70% of points saved for the mysterious project

I've also looked at $CRAZZERS, which is currently oversubscribed by nearly 2.5 times. The positive points are:
① The product is already launched
② There are foreign KOLs promoting it

The negative points are:
First, I am not very optimistic about the AI emotional companionship track. After experiencing the Crazzers AI product, my feeling is that it seems like I'm communicating with someone who is intellectually challenged; the human touch is too weak.
Second, Crazzers AI has spent too much on marketing, including the Kaito community (3%), KOL (4%), Virtuals holders (3%), Yapper (10%), Veder community (3%), Virgin community (3%). Not refining the product and just relying on widespread “money distribution” makes it hard to win in the market.
Third, the team lacks information and has not provided any past experiences or background.

Finally, I initially wanted to complete the yapping task, but found the permissions requested by @CrazzersAI to be outrageous; they almost asked for my password.
Be cautious, everyone.

$BRIC @RedbrickLand is on Binance alpha, there are two things to remember to complete.

1/ Airdrop query
$BRIC airdrop query: https://t.co/AFi6whsdLa
The airdrop allocated 3% of the tokens, and only 50% can be claimed at tge, and the remaining half needs to be released linearly within 10 months.
$BRIC's current market value is quite low, and you can actually try to get it after receiving the airdrop.

2/ Points gameplay
According to the roadmap, in the fourth quarter of 2025, Redbrick will:
Open AI content engine API to build a game creation ecosystem
Launch off-chain points and on-chain token economy, and scale commercial monetization model
In other words, in the fourth quarter of this year, Redbrick's points gameplay will be launched, and users can earn points and redeem them for $BRIC by playing games, participating in tournaments, and creating content.

Why is $BRIC worth looking forward to?
As an AI-driven next-generation game engine, Redbrick makes it easy for people of any skill level to create, customize, and monetize casual games. Its technical framework is as follows:
AI Engine: Game and asset creation can be completed through prompts, helping developers easily generate characters, environments, and mechanisms
2D/3D Engine: Supports the development of high-quality 2D and 3D games as well as VR and AR experiences
Visual Coding Engine (Redbrick patent): Provides a code-free interface, non-programmers can also design and develop Web3 applications through visual elements
Multi-chain and account abstraction: The Redbrick engine supports a wide range of L1 and L2 blockchains, providing built-in support for wallets, transactions, and data management

Cooperation and endorsement
Google Startup Accelerator Program
The only Asia-Pacific company selected for the 16th phase of Abu Dhabi Hub71
Exclusively cooperate with Samsung to build the core engine

The points gameplay is still far away, check and claim the airdrop first.

Internationally renowned car companies are issuing tokens and directly connecting to Binance Alpha? Sounds a bit explosive, but that's exactly how it happened.

On June 24, 2025, @DeLoreanlabs $DMC will launch on Binance Alpha and will simultaneously start trading on exchanges like Biteget and Gate.

Binance Alpha urgently needs reform.

New rules for $MAT distribution tonight:
Phase One (Guaranteed Airdrop): Users with points above 243 can claim
Phase Two (First Come, First Served): Users with points over 210 (below 243) will be on a first-come, first-served basis

Compared to the previous rules, the advantage is the introduction of a segregated pool, ensuring returns for high-net-worth alpha users. The downside is that the tripartite game between the platform, users, and project parties remains unchanged.
This is not a long-term game, but a zero-sum game.

If CMC data is accurate, the current circulating market value of $MAT is less than $16 million, which is indeed not high for L2. Most of the goods in hand have not yet been released, hoping for a rebound in the near future (please be aggressive).

Can't sleep, let's broadcast for a while. The projects for tonight's review include:

@yupp_ai
@useBackroom
@byreal_io
@TacBuild

Portal: https://sidekick.fans/channel/cm8srk4pr00kdr4xcr9oycif4

Last Train Opportunity: Major Project @InfraredFinance
Portal: https://t.co/S73uD447pg

1/ Infrared - The Eldest Son of the Bear Chain
Infrared is a DeFi platform built around the Berachain PoL mechanism, achieving efficient value capture through BGT and BERA liquid staking solutions, node infrastructure, and PoL treasury.
It can be said that Infrared is the current flagship of Bear Chain DeFi:
First, Infrared has a TVL of $840 million, ranking first on Bear Chain;
Second, the total amount raised after Infrared's three rounds of financing reached $18.75 million, with investors including Framework Ventures, YZi Labs, Hack VC, etc. Among them, Framework Ventures, the lead investor for Infrared's Series A, is also a lead investor in Bear Chain, providing strong support;
Third, Infrared is also one of the first projects in the Berachain Foundation's “Build-A-Bera” incubator.

2/ Q3 TGE (Expected)
In April 2025, Infrared will launch a points program. In an interview with The Block, the founder revealed the following information:
First, the points program is expected to last for 3 months;
Second, Infrared plans to complete the TGE in Q3 2025;
Third, there will be airdrops.
The question arises, how much valuation would you give to the flagship of Bear Chain?

3/ Recent Important Update - Infrared v1.5
In June 2025, Infrared will launch the v1.5 upgrade!
Important updates introduced in this upgrade include:
Allowing users to mint iBGT through Berachain's operator function, facilitating users to directly use their earnings to mint $iBGT;
The internal reward auction mechanism of Infrared has been upgraded to an automated keeper system, significantly reducing slippage during the auction process;
By using on-chain data and profit models, dynamically calculating the optimal Boost range for each validator, and automatically allocating tokens to the pools with the highest returns.

In summary: Less user friction, higher returns 👉 more users 👉 faster protocol positive flywheel!
Updates and iterations in the underlying design of the protocol will not bring short-term FOMO and speculation, but are key to whether a platform can operate stably in the long term. I am very optimistic about teams like Infrared that focus on first principles and can continuously deliver iterative products.

Binance Alpha has taken away the business of small and medium exchanges.
Kaito has taken away most of the work from KOL Agencies, making survival even more difficult for small and medium KOLs.

In a dark forest that operates 7×24 hours, has no borders, and weak regulations, everything is rapidly iterating; those who cannot adapt to the rules will be ruthlessly eliminated.
The important thing is always: survive and wait for the next round of bubbles and dividends.

Chaos is the ladder.

This is a rights protection post👇

In short, the @stabbleorg team promised a refund policy for KOL rounds, but has not honored it since the listing. The price of $STB keeps falling.

Timeline:
February 2025:
Stabble contacted me through an intermediary, hoping to participate in their KOL round. Specific terms:
Valuation: FDV $12 million, 15% unlocked at TGE
Refund policy: Valid within 7 days after TGE
(Picture 1)

May 22, 2025:
$STB TGE, on the same day the token price remained below $0.04. Since only 15% was unlocked at TGE, the first round could only recoup about ⅓ of the investment, and most KOLs requested refunds.

May 24, 2025:
After denying the existence of a refund policy, team members asked me to collect all refund KOL addresses, which I submitted on the same day.
(Picture 2)

June 3, 2025:
Team members once again denied the existence of a refund policy while answering other KOL inquiries.
(Picture 3)

The price of the $STB token also fell from $0.04 on the day of TGE to $0.013. I feel guilty that several friends suffered losses because I participated in the KOL round. During this period, I repeatedly exerted pressure through intermediaries, and other affected KOLs protested in the group, but the team remained indifferent.

IRIS Virgin (Fake $IRIS) main wallet of the issuer: 0xee55b158d8efa5da9585920ddc188c8ee47e3f01

Unfortunately, I couldn't find out who the owner is.

The method to find out is simple, as this person used the Debridge cross-chain "transfer to another address" feature to try to hide the address. Find the Debridge cross-chain deposit contract, withdrawal contract, and then look for the corresponding time point (as shown in the picture).

A bloody lesson, Duckdao @dao_duck projects are best avoided.

Here are a few names to give you a sense of the value of Duckdao's investments:
Stabble
Agentlauncher (formerly cvpad)
SOLSTORM

I feel like I've been played like a fool.

The direction of AI Agent + Web3, most projects are still at the "query, recommendation, content generation" stage, but http://OrcaMind.ai has solidly moved towards "understanding + executing on-chain transactions".

This is an on-chain AI operating system (AI OS), different from ordinary bots or conversational assistants, it can truly accomplish the on-chain actions that users want.

It's hard to believe these projects come from the same development company unless you see them with your own eyes:

Fold: A shopping platform featuring BTC earnings (officially listed on Nasdaq in 2025)
Mezo: Bitcoin Layer 2
tBTC: Bitcoin cross-chain bridge
Taho: Open-source Web3 wallet (once popular "Little Dog Wallet")
Keep Network: Privacy public chain ($KEEP)

The above projects are all developed by Thesis, a pioneering development company established in 2014 that has been focused on the Bitcoin ecosystem.
Given that the $KEEP TGE has been a while, Fold has successfully gone public, and Taho wallet is lukewarm. Thesis's current focus is clearly on Mezo, while tBTC serves as an "auxiliary" role for Mezo as a cross-chain bridge.

Funding Situation
April 2024: Thesis completed a $21 million Series A funding round, led by Pantera Capital, with participation from Multicoin, Hack VC, and others.
The combination of Multicoin + Hack VC, those who know, know, the factors are maxed out.

What are some projects that are highly regarded overseas but relatively low-key domestically?
Yes, @Somnia_Network is one of the best examples.

Global Influence and Recognition Differences
Global Influence: According to the Kaito Pre-TGE Mind Ranking, Somnia ranks among the top ten globally, on par with projects like OpenSea, https://t.co/h7d5FMYNSq, etc.
Community Activity: From the Somnia Yapper rankings, overseas KOLs dominate, while only a few domestic users participate in promotion.
Information asymmetry is the core reason for the differences in recognition between domestic and overseas. Somnia's developer Improbable is an extremely impressive technology company, well-known in Europe and America, focusing on distributed systems and metaverse technology, but its market promotion and brand recognition are relatively low in China.

“Reverse Odyssey” - Midl Liquidity Guiding Program Review
Just spent time researching the Midl Liquidity Guiding Program, several interesting points:
Users only need to 'commit' liquidity without the need to actually stake tokens to receive future guaranteed rewards.
The rewards for providing guarantees are simple and transparent.
Users support not just a single project, but the entire BTCFi ecosystem, with currently available projects for 'commitment' support including: @midl_xyz, @BimaBTC, @Omzoio, @helios_finance @TheHedgehog_io, etc.

Participation Steps
① Visit the official link: https://t.co/U7QXeoVTCj
② Connect a Bitcoin or EVM-compatible wallet.
③ Choose the supported project and commit the amount of liquidity; the system will take a snapshot of the wallet balance for verification.
④ After signing confirmation, reward points will begin to accumulate, and assets will remain in the user's wallet address (not transferred, only a snapshot).

Notes
Reward Claiming Conditions: At the TGE, the committed liquidity must be provided to redeem Midl token rewards.
Soft Staking Restrictions: If a user transfers the committed assets from their wallet, the accumulation of rewards will automatically stop, and the committed liquidity will be deducted from the pool.

Personal Opinion
This is a highly creative DeFi airdrop mechanism, especially suitable for Bitcoin ecosystem (BTCFi) projects. Midl not only focuses on its own development but also supports other projects within the BTCFi ecosystem, showing great ambition and deserves praise.
A small improvement suggestion: The current mechanism restricts users' ability to freely transfer assets, which may impose certain constraints on user fund flexibility. It is recommended to remove this restriction.

“Reverse Odyssey” - Midl Liquidity Guidance Program Review
Just spent some time studying the Midl Liquidity Guidance Program, several interesting points:
Users only need to “commit” liquidity without the need to actually stake tokens to receive guaranteed rewards.
Provides clear token incentives, and the operation is simple and transparent.
Users support not just a single project, but the entire BTCFi ecosystem. Currently available projects for “commitment” support include: @midl_xyz, @BimaBTC, @Omzoio, @helios_finance, etc.

Participation Steps
① Visit the official link: https://t.co/U7QXeoWrrR
② Connect a Bitcoin or EVM compatible wallet.
③ Choose the supported project and commit the liquidity amount, the system will take a wallet balance snapshot for verification.
④ After signing confirmation, reward points will start to accumulate, and the assets will remain in the user's wallet address (not transferred, just a snapshot).

Notes
Reward claiming conditions: At TGE, the committed liquidity must be provided to exchange for Midl token rewards.
Soft staking restriction: If users transfer the committed assets in the wallet, reward accumulation will automatically stop, and the committed liquidity will be deducted from the pool.

Personal Opinion
This is a highly creative DeFi airdrop mechanism, particularly suitable for Bitcoin ecosystem (BTCFi) projects. Midl not only focuses on its own development but also supports other projects in the BTCFi ecosystem, showing a broad vision that deserves recognition.
A small suggestion for improvement: the current mechanism restricts users' ability to freely transfer assets, which may impose certain constraints on users' fund flexibility. It is recommended to remove this restriction.