ChainCatcher news, Mechanism Capital partner Andrew Kang posted on X stating, "I used to think that the ETH and ETH/BTC exchange rates were overly hyped before the launch of the Ethereum ETF, but with Trump using the profits from WLFI to buy ETH, and the nomination of SEC and CFTC chairs who support Ethereum/DeFi, along with the selling pressure from ETHE and the hype around the ETF dissipating, Ethereum doesn't look so bad anymore."

ChainCatcher news, Mechanism Capital partner Andrew Kang stated on social media that the prediction market is about to迎来史上最繁荣的 NFT 牛市. He pointed out that AI will become extremely wealthy, and due to the inability to purchase physical luxury goods, AI will turn to buying NFTs.In terms of NFT trading platform valuations, Kang believes that the current pre-IPO valuation of Magic Eden at $3 billion highlights that Blur, which has a larger market share, is severely undervalued.He expects that the upcoming activation of the fee distribution mechanism by Blur will bring substantial benefits to token holders, effectively balancing the impact of mining rewards on the market.

ChainCatcher news, Mechanism Capital partner Andrew Kang stated on social media, "The recent development of artificial intelligence has made data one of the most valuable commodities in the world.Grass has created a data pipeline through a crypto incentive mechanism that most AI companies cannot access. At the current growth rate, they seem poised to achieve nine-figure high-level revenue next year, potentially even surpassing a billion dollars.We have researched many projects that combine crypto and AI, but unfortunately, most of them lack investment value. Grass is one of the top legitimate projects that has emerged in this cycle, with strong fundamental support."

ChainCatcher news, Mechanism Capital partner Andrew Kang posted on social media: "If you believe the market will rise significantly from now on and that there will be overheating, then you must believe that the NFT market will make a comeback as a way for people to show off digitally.Memecoins have indeed siphoned off some speculative energy from the NFT market, but those who still hold NFTs are not in a hurry to sell. There is almost no supply in the market, so it only takes a small wave of enthusiasm to reignite momentum.Azuki is about to launch AnimeCoin, and other top projects may take similar actions, which could serve as catalysts.This is also why I think BLUR is a good choice, with significant upside potential in the future. With most unlocks already completed and the token not having experienced a major increase yet, it currently appears quite attractive as a bet on the overall NFT industry. Since its launch, BLUR has almost absorbed the entire market share of the NFT market."

ChainCatcher news, Mechanism Capital partner Andrew Kang posted on the X platform that MicroStrategy is being pushed up by BTC, with the premium rate continuously reaching new highs, which traditional finance cannot understand, and there is a certain degree of sluggishness towards the MicroStrategy model.

ChainCatcher news, according to OnchainLens monitoring, Andrew Kang continues to accumulate SHRUB. In just the past hour, he purchased 1,010,000 SHRUB for 50 ETH (approximately $153,000), averaging $0.151 per token.Yesterday, Andrew bought 991,000 SHRUB, while Mechanism Capital increased their holdings by 5,049,000 SHRUB for 34 ETH, worth about $107,000.Andrew and his company have now purchased 2,500,000 SHRUB. Yesterday, he transferred 1,490,000 SHRUB to a new wallet.

ChainCatcher news, Mechanism Capital co-founder Andrew Kang posted on X platform stating: "ETH leverage has risen to the levels seen during the ETF hype. Is there a good reason to explain that this phenomenon is driven by directionless long positions? If not, this will put pressure on ETH."

ChainCatcher news, Mechanism Capital partner Andrew Kang expressed his views on X, stating that market participants may have overestimated the impact of the Federal Reserve's interest rate cuts and China's stimulus measures on cryptocurrency prices.He pointed out that the Fed's interest rates are just one of the factors affecting global liquidity, and global liquidity itself is only one of the factors influencing cryptocurrency prices. During a period when interest rates are nearing and reaching decades-high levels, Bitcoin surged 4.5 times, indicating almost no correlation between interest rates and Bitcoin. Then expecting a strong negative correlation when interest rates begin to decline seems absurd. Additionally, the positive impact of China's stimulus plan on stocks far outweighs its effect on cryptocurrencies, as Chinese traders have already noticed the migration of funds from cryptocurrencies to A-shares.Kang believes that the market is still evolving, and new projects and capital rotations may lead to price fluctuations. Currently, it is expected that the cryptocurrency market will fluctuate between $50,000 and $72,000 until a substantial catalyst emerges.

ChainCatcher news, Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, responded to top trader Eugene Ng Ah Sio on social media, stating, "I don't think SUI's market cap will reach the level of SOL, but its current market cap is only 3.5% of SOL, which sounds like the arguments made by the .eth community before or during SOL's outperforming."

ChainCatcher news, Mechanism Capital co-founder Andrew Kang posted on the X platform that the market seems to have a habit of providing discounts before favorable events. Kang stated that this is the second wave of major ETF inflows he has discussed since spring. Despite some macroeconomic uncertainties, the activation of Morgan Stanley's financial advisory team will at least provide a strong balancing effect. If the incentives for these advisors are sufficient, the market will see inflows similar to or greater than those at the Saylor level.

ChainCatcher message, Mechanism Capital co-founder Andrew Kang posted on X: "ETH is slightly below the lower bound of my estimated range in dollars. This may be due to the impact of the Germany + Mt Gox sell-off/worries + ETF launch delays. Given that we have sold so much, ETH could potentially see a relief rally after the ETF approval, but the upside is expected to be capped at $3600."

ChainCatcher news, Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, stated on social media: "Most market participants are unaware of the severity of the potential drop in Bitcoin's 4-month volatility range. The closest similar situation we can find is the range from May 2021, when Bitcoin and altcoins also experienced a parabolic rise.The leverage in cryptocurrencies above $50 billion is also close to historical highs (excluding CME), but in this case, our range duration is longer (18 weeks vs. 13 weeks), and there has not yet been extreme liquidation, whereas we experienced several during the bull market from 2020 to 2021.My initial estimate of a $50,000 low may be too conservative, and we might see a more extreme pullback to the $40,000 range. Such a pullback could cause significant damage to the market and may require several months of consolidation/downtrend (recovery period) before a potential upward trend reversal."

ChainCatcher news, Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, published an in-depth analysis on social media regarding the impact of Ethereum ETFs. The article states, "Although the launch of Bitcoin ETFs has attracted a large number of investors, the impact of Ethereum ETFs remains unclear. Data shows that Bitcoin ETFs have accumulated assets under management of $50 billion, but net inflows are only $14.5 billion. In contrast, the estimated net inflow for Ethereum ETFs is only 10% of Bitcoin's, which is $0.5 billion.Andrew Kang points out that Ethereum's appeal as a tech asset is not as strong as Bitcoin's as a macro asset, and the differences in market positioning and holder base have led to this outcome. It is expected that the net buying volume for Ethereum ETFs will be far lower than that of Bitcoin ETFs, and the market's expectations for Ethereum ETFs may be overly optimistic.Before the ETF launch, Andrew Kang predicted that the price of Ethereum would be between $3,000 and $3,800, while after the launch it might be between $2,400 and $3,000. Despite the weaker holder base of Ethereum, there is still hope for the future, especially with improvements in financial infrastructure.Investors should be cautious about the market expectations for Ethereum ETFs to avoid investment risks caused by overly high expectations."

ChainCatcher news, Mechanism Capital co-founder Andrew Kang posted on the X platform: "I believe the approval of a spot Ethereum (Ether) ETF may be delayed by one to two quarters. Some market views currently indicate that the timeline suggested by experts for seeking approval for the ETF to be added to wealth management platforms has been pushed back from the originally planned end of May to the fourth quarter.I believe the market structure is significantly different from previous cycles, with more DCA buyers creating higher bottoms and equilibrium points for Bitcoin, while the leverage of large momentum players (such as 3AC, Alameda, Celsius, etc.) is relatively small.For Ethereum, I predict its price may remain stable until the ETF is launched, but the upside potential this year is limited, expected to peak around $4000. However, if the capital flow performs disappointingly or there is a large sell-off of ETH, its price could drop to between $2000 and $3000. I have noticed that the promotion and familiarity of Ethereum in the market are exceptionally high, which has led investors to have slightly higher expectations for the ETF compared to ordinary buyers. Solana has performed well in this cycle, but it has also seen a reflexive demand for meme trading, which has impacted both directions. If meme trading pauses in the coming months, we are likely to see SOL's price approach $80 again."