ChainCatcher live report, Dragonfly General Partner Tom Schmidt, DeFiance Capital Founder Arthur Cheong, VanEck Digital Asset Fund Manager Pranav Kanade, and Multicoin Capital Managing Partner Tushar Jain attended the TOKEN 2049 conference and reflected on the current strategic allocation in the crypto market during the panel titled "Institutional Crypto Allocation: Liquid vs Venture." They pointed out the risks that overly aggressive investment strategies may bring and emphasized the importance of learning from past market fluctuations. At the same time, the guests noted that although some crypto investment strategies performed exceptionally well over the past year, achieving gains of up to 120%, the overall market increase was only around 50%.Regarding the question that investors are generally concerned about—"Why choose specific crypto investment strategies over other equally performing strategies," the guests unanimously agreed that the professional capabilities of investment managers and their keen insights into market trends are key factors. They believe that paying management fees merely to hold assets is logically unsound, and the management of liquid funds relies more on expertise than simple exposure.When discussing the reasons for the differences in asset performance, market sentiment became an important topic. The guests pointed out that market sentiment is largely influenced by beliefs and expectations, leading to vastly different performances of various assets in the market. Additionally, the uniqueness of the crypto market requires investors to have a higher awareness of risk and strategic vision.Regarding the future prospects of the crypto market, the guests generally held an optimistic attitude. They emphasized that "the influx of retail capital in 2021 was partly due to the wealth created in the stock market ultimately flowing into cryptocurrencies, and the same thing will happen again." They believe that although the market may face volatility and challenges in the short term, in the long run, cryptocurrencies, as part of the emerging financial system, cannot be overlooked in terms of their value and potential. They also mentioned that each manager's strategy varies slightly, but all will closely monitor changes in the market and token economics.

ChainCatcher news, DeFiance Capital founder and CEO Arthur Cheong stated on his social platform, "DeFi, as the segment most aligned with market demand in the cryptocurrency space, has recently reached its lowest point in three years relative to the total market capitalization of global cryptocurrencies. I expect this to bottom out in the coming months and rebound strongly as we enter a new interest rate cycle."

ChainCatcher news, DeFiance Capital founder and CEO Arthur Cheong posted on the X platform stating, "This cryptocurrency crash is remarkably similar to the one in March 2020 driven by macro traditional financial weakness, although the magnitude is slightly smaller.In the coming weeks, the market will enter a low liquidity period. If you have cash to buy, you will usually find the best investment opportunities here. Some big players who were excluded this year and missed the entry opportunity will see this as a great chance to enter."

ChainCatcher news, DeFiance Capital founder and CEO Arthur Cheong posted on X that the market may shift to favor crypto projects that have demonstrated their product-market fit (PMF) and resilience across multiple market cycles.These projects may be re-rated to a higher market capitalization, while those with low circulation and high market cap (FDV), which have been continuously hyped, will see little effect.Some of these companies are undervalued and have even become more dominant over the past few years. Ultimately, their price-to-earnings ratio will no longer be below 20 times.

ChainCatcher message, according to Cointelegraph, DeFiance Capital co-founder Arthur Cheong stated that the $2 billion FDV of BLAST is surprising, as he originally expected its value to be close to the $5 billion mark.

ChainCatcher news, DeFiance Capital founder and CEO Arthur Cheong stated on his social platform, "If you are bullish on an asset in the long term, then you should be more bullish when the price is lower, not the other way around. In the current market environment, I still believe that ETH is one of the best risk-adjusted investments in the coming months."

ChainCatcher news, DeFiance Capital founder Arthur posted on X that he has regained control of the official X account and has removed the scam/phishing links.Previous news, DeFiance Capital founder Arthur posted on X to remind: the official X account of DeFiance Capital has been hacked, please do not click on any links posted by that account.

ChainCatcher message, the X account of the encrypted fund DeFiance Capital posted information about the $DEFIANCE token launch and the open claim link an hour ago, and the tweet has also disabled comments.ChainCatcher reminds you, do not click on any links, and pay attention to fund security.

ChainCatcher news, DeFiance Capital founder and CEO Arthur Cheong stated on social media, "The crypto market is very likely maturing, and we won't see complex and drastic fluctuations of 70-80% drops every two years, but rather a complex long-term growth similar to what the S&P 500 experienced after the 2008 global financial crisis.Aside from the crash triggered by the COVID-19 pandemic in 2020, the U.S. stock market has either remained flat or gradually risen, with each bear market prediction proving to be wrong, but returns have increasingly concentrated in large-cap and mega-cap stocks, while value stocks and small-cap stocks have long been out of favor.If a similar situation arises, most altcoins are uninvestable, but certain altcoins will deliver astonishing returns, hoping that every few years we can see results similar to Nvidia, while most altcoins may be disappointing."

ChainCatcher message, DeFiance Capital's founder and CEO Arthur Cheong stated on social media that all these points programs are just the project team's big PUA strategy.During DeFi Summer, actual token incentives were unbeatable. Pacman's Blur created points for the more easily influenced NFT community, and now all founders are replicating these strategies, which he stated would not support such things.

ChainCatcher news, Arthur Cheong, the founder and CEO of the cryptocurrency investment firm DeFiance Capital, stated on X that the price of Ethereum may rise to the $4,500 mark before the first spot Ethereum exchange-traded fund (ETF) receives official approval.

ChainCatcher news, DeFiance Capital founder and CEO Arthur Cheong stated on social media that Ethereum will rise to $4500 before the launch of the Ethereum spot ETF.

ChainCatcher news, Defiance Capital founder Arthur pointed out on social media that over 70% of Bitcoin spot ETFs are held by retail investors.He believes that the majority of retail investors first purchased Ethereum as their cryptocurrency, and many are attracted to XRP because of its fintech narrative.It is reported that a large number of people joined the cryptocurrency market in 2017 also because of Ethereum. He thinks retail investors will be excited about Ethereum because it is the decentralized technology layer that supports the Web 3.0 economy.

ChainCatcher news, the Singapore High Court dismissed Three Arrows Capital's (3AC) request to dismiss the lawsuit filed by DeFiance Capital against it. The entity aims to separate its assets from the 3AC creditors independently of the liquidation process. Furthermore, the judge ruled that Three Arrows Capital must pay the legal fees of DeFiance Capital founder Cheong Jun Yoong.

ChainCatcher news, according to Lookonchain monitoring, Defiance Capital sold 710,000 LDO at an average price of $3.34 today, totaling approximately $2.37 million.Defiance Capital currently has 6.39 million LDO remaining in 2 wallets (approximately $21 million).

ChainCatcher news, DeFiance Capital founder and CEO Arthur Cheong stated on his social platform that if the Bitcoin spot ETF is successful, and BlackRock applies for an ETH spot ETF, Ethereum's ESG friendliness and native staking yield will attract institutional investors. However, this does not mean that the ETH/BTC exchange rate has bottomed out, as all short-term focus will be on BTC, and Bitcoin will undergo a halving in April next year. After the halving, the ETH/BTC exchange rate may hit bottom.

ChainCatcher news, DeFiance Capital founder and CEO Arthur Cheong stated on his social platform that many people are surprised by the strength of this rebound, but in such a low liquidity environment, most movements are primarily position-driven.According to the latest VisionTrack Galaxy institutional cryptocurrency hedge fund and risk report, the total AUM of cryptocurrency hedge funds is $10 billion. From conversations with many peers, it appears that most funds have long positions of about 50% or less, which means that at least $5 billion in liquidity can be deployed into the cryptocurrency space in a short time, potentially explaining the recent rise.In the medium term, it remains to be seen how the market will absorb over $5 billion in structural sell-off flow from FTX, Celsius bankruptcy assets, Bitcoin miners, U.S. government sell-offs, and potential Mt. Gox distributions.