ChainCatcher message, crypto industry figure Plazma (@Plazma0x) recently posted on X that it has been over 20 days since Robinhood listed PEPE, and he has already held 2.5% of the PEPE supply.Mechanism Capital partner Andrew Kang commented on this, stating: "This is equivalent to buying $50 billion worth of BTC in 3 weeks. Retail investors are buying a large amount of Meme coins from the market."

ChainCatcher news, Mechanism Capital partner Andrew Kang posted on X stating, "ARB has seen a huge rebound, but fundamentally it is still undervalued, trading at only a fraction of Sui, Avax, Tron, etc., while its trading volume and TVL are several times higher. Stylus allows developers to build using Rust/C++, and game deployment/Animechain as well as ongoing interoperability research seem to be the biggest drivers of future growth."

ChainCatcher news, according to The Block, the DeFi project DeFi.app has completed a $2 million seed round financing, with a valuation of $100 million. This round of financing was led by Mechanism Capital, with participation from Selini Capital, North Rock Digital, and about 50 angel investors. The financing was completed through a Simple Agreement for Future Tokens (SAFT) structure, reflecting the fully diluted valuation of DeFi.app's yet-to-be-launched native token HOME.DeFi.app aims to be the Robinhood of the DeFi space, dedicated to simplifying decentralized financial transactions while maintaining self-custody of assets. Users can perform one-click cross-chain transactions, access decentralized derivatives markets and yield opportunities, and are exempt from Gas fees, without the need for bridging or KYC verification.Founder Greer revealed that the platform's public beta will launch this month, with the mainnet and HOME token expected to be released in the first half of next year. Additionally, DeFi.app plans to conduct a token airdrop and expand its team size.

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, Mechanism Capital co-founder Andrew Kang posted on X platform stating: "This may sound counterintuitive, but the best token economic model design for a project is to not set lock-up restrictions for investors and to allow as many tokens to circulate as possible from day one (excluding team and treasury shares).A 1-year lock-up period followed by a 3 to 4-year release period is a poor standard, stemming from a misunderstanding of capital markets and lazy replication of previous projects. In reality, longer unlock restrictions have little impact on investor participation after TGE; excellent investors will support the project regardless of whether the tokens are unlocked. The industry standard needs to change."

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, Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, posted on social media, "It seems that Murad's speech at Token2049 catalyzed the next wave of capital reallocation into Meme coins.Popcat appears to be one of the beneficiaries of these capital flows and is currently undergoing price discovery.The four major Meme coins preparing to join this cycle are ------ BONK, WIF, PEPE, and FLOKI."

ChainCatcher news, Web3 AI immersive companion development company Nectar AI announced the completion of a $3.9 million financing round, led by Mechanism Capital and Karatage, with participation from Synergis, Maelstrom (Arthur Hayes), Builder Capital, Baboon and Decima, as well as crypto industry figures such as Dao5 co-founders Tekin Salimi and George Lambeth, and YGG co-founder Gabby Dizon. Nectar AI leverages generative AI and Web3 integration to build multimodal AI companions, allowing creators to have complete IP ownership of their assets and enabling permissionless monetization. The company plans to launch an on-chain AI agent protocol by the end of the year.

ChainCatcher news, Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, stated on social media that the market capitalization of altcoins (and ETH) should reach new highs in the new cycle, but that is not the case. Even if Bitcoin reaches a new high, it does not mean that altcoins will follow suit.This is the first cycle where the market capitalization of altcoins has reached a lower high. Altcoins will bottom out at some point in 2025, and the next wave will be driven by tokens related to decentralized AI infrastructure. AGI will require unstoppable communication, value transfer, training, computing/reasoning, energy markets, and data storage tracks.

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 Mechanism Capital, stated on social media that the most common mistake in the crypto market is buying too early when the trend shifts from upward to downward. Adjustments after a major market structure collapse are often deeper and longer than expected.Do not buy when BTC drops 10% from its high; instead, buy for the next cycle when the market is generally liquidated, most people are exiting, and there are doubts about whether cryptocurrencies will disappear forever.Additionally, he believes that over 98% of altcoins have peaked in this cycle, with only a few potentially reaching new highs in the fourth quarter of 2024 or the first quarter of 2025. The ones that may reach new highs are primarily a few Meme coins, but careful selection is necessary.Kang also stated that Bitcoin is in a transition phase towards becoming a super-cycle asset, possessing characteristics of both previous cycles and mature macro assets.

ChainCatcher news, Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, stated on social media that unless Ethereum develops a convincing way to improve its economic situation, the price of Ethereum will not gain much upward space from the approval of a spot ETF.He expects the capital flow from the Ethereum spot ETF to be lower than the market's general expectations, as the approval of the ETF was unexpected and the issuers did not have much time to persuade large holders to convert their ETH into the ETF. On the other hand, the appeal for holders to convert ETH is relatively low, as they would need to forgo the yields from staking or using ETH as collateral in DeFi.Additionally, Andrew Kang anticipates that ETH/BTC will continue to trend downward, with the ratio expected to be between 0.035 and 0.06 over the next year. Although the sample size is small, the market has indeed seen ETH/BTC set lower highs in each cycle, so this should not be surprising.

ChainCatcher news, the blockchain gaming platform Gudchain has announced that it has raised $5 million from cryptocurrency investment firms. The round was led by Mechanism Capital, with participation from Morningstar Ventures, Manifold, SkyVision Capital, and others.It is reported that the team aims to bring GameFi into the mainstream through parallel gaming chains.

ChainCatcher news, Mechanism Capital co-founder Andrew Kang stated on social media that TON is expected to be one of the biggest growth cases in this cycle.He mentioned that Telegram founder Pavel Durov has developed Telegram into one of the largest applications in the world, and now this application serves as one of the largest and best distribution channels for the protocol. The growth of mini-programs is expected to explode, and TON will help us bridge the gap.