growth

"DeInsight 2024" Roundtable Discussion: There are differences in fund styles between the East and West, with American funds focusing more on long-term technology, while Asian funds tend to favor high growth potential and clear market strategies

ChainCatcher live report, BMAN, co-founder of ABCDE Capital, Shi Khai Wei, co-founder of LongHash, Ryan Chen, partner at HashKey Capital, Bruce Lan, partner at Bing Ventures, and Momir Amidzic, investment director at IOSG Ventures, attended the DeInsight conference and engaged in an in-depth discussion on the hot topic of "New Cycle in Primary and Secondary Crypto Investment" during a roundtable.BMAN stated that ABCDE Capital's investment focus this year remains on the first or only project in a particular field. The fund places special emphasis on AI projects, noting that while blockchain is friendly to AI, it is not friendly to humans. He pointed out that more AI applications will emerge in the blockchain space in the future. He also mentioned that ABCDE recently collaborated with TG to develop a trading application, which is the largest user trading application in the TG ecosystem, aimed at creating a brand new trading experience.Shi Khai Wei mentioned that LongHash's focus has shifted to application areas this year, particularly in gaming and AI.Ryan Chen revealed that HashKey Capital has obtained a fund management license from the Monetary Authority of Singapore this year and launched the world's first Bitcoin ETF and Ethereum ETF in Hong Kong.Bruce Lan stated that Bing Ventures has initiated its fourth business line and is currently in contact with over 10 outstanding funds. He emphasized the desire to become a bridge between Eastern and Western markets, supporting excellent GPs.Momir Amidzic shared IOSG Ventures' investment achievements, mentioning that projects like Eigenlayer, Babylon, and Celestia, which were invested in a few years ago, have yielded substantial returns this year. During last year's USDT collapse, IOSG also firmly invested in the stablecoin category.When discussing this year's market changes, the guests noted that Asia has more application and consumer projects, while the West has many infrastructure and technological innovations. U.S. funds are more focused on long-term technology-based projects, whereas Asian funds tend to favor high growth potential and clear market strategies. In the West, people excel at storytelling and creating new narratives, while Asians are skilled in engineering implementation, applying everything to new realities. Shi Khai Wei mentioned that U.S. funds focus more on equity rather than tokens, although they typically also invest in tokens. Asian funds are more open to the idea of direct investments, while U.S. funds are relatively conservative. From an investor's perspective, retail investors in Asia have a much higher risk tolerance than those in the West.In the market environment where Bitcoin continues to hit new highs, the guests expressed an optimistic outlook on the recent market, but there were differing views on the cycle position. BMAN believes that the current phase marks the beginning of a bull market, benefiting from the initiation of a new round of interest rate cuts and changes in the SEC chair, which will create a better entrepreneurial environment and policies. Momir, however, cautioned that this may be the last quarter of the bull market, advising entrepreneurs to respond rationally to market cycles and maintain resilience during bear markets.Remote participation 👉Video live link: https://www.youtube.com/live/tTVcUPumPysImage live link: https://www.pailixiang.com/album_ia7637038926.html

"DeInsight 2024" Roundtable Discussion: Killer Apps Need to Address Retention, Not Just Growth

ChainCatcher live report, Puffpaw founder Reffo, MTT Sports co-founder Joe, SoSoValue co-founder Jess Lo, CMT Digital researcher Oliver Jaros, and Ether.fi ecosystem head Charles Mountain attended the DeInsight conference and participated in a roundtable discussion titled "Building Killer Applications," where they engaged in an in-depth discussion on the evaluation system for killer applications, key tracks, and other hot topics.The backgrounds of the guests vary, and their understanding of killer applications is diverse. Oliver believes that PMF (Product-Market Fit) and GPEN (Global Payment Network) are very important. Jess thinks that meme coins are the most eye-catching applications of this cycle, while Joe from MTT Sports believes that a smooth user experience and security are the most important qualities of an application. Reffo considers positive interaction with consumers to be the most crucial. Charles believes, "Typically, the killer applications in my mind are those that have a meta-definition, more specifically, those that can solve retention rates, not just growth."When comparing Web2 and Web3, the guests noted that both are community-based and need to find core users, understanding their pain points and needs. However, there is a world of difference in the monetization of user behavior and marketing investment between the two.Speaking of the impact of elections on Web3 applications, the guests mentioned that the market fluctuations caused by Trump's election have drawn attention, with many founders returning to the U.S., potentially leading to more crypto conferences being held in the U.S. Under the spotlight, the biggest killer application is the election prediction platform.Finally, the guests foresee that the most likely tracks for killer applications include payment and stablecoins that bring together on-chain and off-chain interactions, which can attract more users from emerging countries.Remote participation 👉Video live link: https://www.youtube.com/live/tTVcUPumPysImage live link: https://www.pailixiang.com/album_ia7637038926.html

HashKey Jeffrey: The rising probability of Trump's election will become a "starting gun," helping Bitcoin enter a fast lane of growth

ChainCatcher news, HashKey Group Chief Analyst Jeffrey Ding analyzed that on the betting market Polymarket, Trump's odds have surged to 90%. Meanwhile, the price of Bitcoin has also seen a historic breakthrough, briefly surpassing 75,000 USDT, with a daily increase of over 8%. This phenomenon indicates that the market's expectations for Trump's election are translating into positive investment sentiment towards Bitcoin, and the strengthening trend of Trump suggests that Bitcoin may enter a fast lane of rapid price increases.It can be seen that the skyrocketing probability of Trump's election has been regarded as the "starting gun" for the cryptocurrency market. It is expected that in the future, until Trump takes office in the White House, the digital currency market will continue to digest this positive news. A series of policies supporting cryptocurrencies that Trump promised during his campaign, including incorporating Bitcoin into the national reserve and replacing the current SEC Chairman Gary Gensler, are all seen as significant benefits for the market. Given that Trump is known for his "campaign promises must be fulfilled," we have reason to expect these policies to be gradually implemented after he takes office.The expectation of these policies being implemented, combined with the high probability of Trump's election, provides strong support for the price increase of Bitcoin and other cryptocurrencies. Market participants generally believe that Trump's victory is more favorable for the cryptocurrency industry compared to the Democratic candidate Kamala Harris. Therefore, as Trump's election probability rises, the market performance of Bitcoin and other cryptocurrencies is worth looking forward to, and investors should closely monitor relevant policy trends and their impact on the market.

Binance CEO: Despite Asia driving much of the growth in the financial system, Western companies will still be the main beneficiaries

ChainCatcher news, according to Fortune, Binance CEO Richard Teng stated at the Singapore Insights Forum that although Asia has driven much of the growth in the financial system, Western companies will still be the main beneficiaries. Teng pointed out that Western companies, with their scale and influence over regulatory frameworks, will dominate in seizing growth opportunities. He called on policymakers to ensure that local competitors have a fair chance and to allow for broader experimentation.According to a Deloitte report, digital wallet spending in the Asia-Pacific region reached $9.8 trillion in 2023, accounting for two-thirds of global total spending. Vincent Iswara, CEO of Indonesian mobile wallet company Dana, described the Asian payment sector as the "Wild West," lacking unified standards. The cautious attitude of regulators has driven the robust growth of e-wallets and digital banking in the Asia-Pacific region.Jessie Toh, Global CFO of Coda Payments, emphasized that mobile phones are key to financial inclusion and accessibility. She also noted that stablecoins are becoming increasingly popular in economies with currency volatility, providing users with tools to combat inflation and currency depreciation. Teng added that the growth of stablecoins outside the United States is driven by the demand from residents of low-income countries, with young consumers using them as a way to protect funds and for low-cost transfers. Stablecoins also enable countries to gradually move away from the U.S.-dominated financial system.
ChainCatcher Building the Web3 world with innovators