BACK KOREA Now that KBW and TOKEN2049 are over, I’m finally catching up on all @face_east_ podcasts I’ve missed. I was watching an episode featuring FOMO @seyong , and I agreed with his point that almost every asset is essentially a memecoin in some way. I’ve always believed that human emotions play a much bigger role in financial markets than most people realize. Most investors don’t even recognize how much their decisions are driven by emotions. Markets aren’t driven purely by fundamentals or economic data. They’re also driven by the stories people believe in, their expectations, and the narratives they follow. Sometimes, a strong narrative can have a much bigger impact on a stock’s price than the company’s actual fundamentals.

ZAMA SHIELDED TVL: $131M Does a Higher APY Really Make a Vault More Attractive? * Inspired by @ditto_anc post Why would institutional investors, banks, or government entities choose a DeFi Vault over U.S. Treasuries? After all, DeFi comes with additional risks, including smart contract exploits, collateral defaults, and liquidity issues. Vault A: 5% APY Vault B: 5% APY + Confidentiality institutional investors would have good reasons to choose Vault B, even if it offered a slightly lower APY. For institutions, keeping their asset holdings and investment strategies private isn't just a nice-to-have feature. On public blockchains, anyone can track a wallet's deposits, withdrawals, and asset movements. Imagine an institution depositing $100M into a Vault. What if its competitors or other market participants could track those fund movements? They could potentially see when the institution withdraws funds, which strategies it's moving into, and which assets it's exposed to. This kind of information exposure can create real financial risks for institutions. "Institutional capital doesn't just sit in a vault." Institutions don't just deposit assets and leave them there. They trade, rotate capital between strategies, hedge positions, and settle transactions. And all of these financial activities require confidentiality. My point is that adding confidentiality to a Vault could be an even more attractive feature for institutions than a higher APY.

KBW alpha aging pretty well :) thank you @ysiu If you missed $EDU, take a look at zero-gravity:native Ecosystem * $IAI just hit a new ATH of $500! * Since the launch of $IAI, usage of 0G's PC has doubled. * 0G is backing projects like @Americanfort_io, building privacy infrastructure for AI agent transactions. More to come.

Never buy BRG-graded cards. Searched X for the BRG incident today and barely saw anyone talking about it, so I decided to post about it. > A Korean collector bought a fake Weiss Schwarz Rem SEC card for just $5. > Submitted it to BRG for grading. > Received a BRG 9 grade. > BRG officially apologized after the controversy. Market value: Raw card: $2,000 PSA 9: $5,500 $5 → $5,500 (1,100x) Has PSA ever had a similar incident? As far as I know, I haven't come across any cases where PSA graded a completely counterfeit card. I've only seen cases involving: > Altered authentic cards receiving PSA grades > PSA certification numbers and slabs counterfeited by third parties, not PSA itself. > Grading errors