The limited edition MLB ball cap with Karina’s autograph sold out in just 1 min on the official mall and Musinsa. On Kream (online marketplace and resale platform), the resale price has already jumped to 2–3 times the original.
last trade price: 169,000 KRW
original price: 59,000 KRW
KTV Over Offices: My Playbook for Scaling Crypto in APAC (Part 1/2)
Let's be honest… in Asia, the magic rarely happens in offices and meeting rooms. They happen at 1am in a KTV booth when everyone's had 10 shots each and the person you’ve been trying to talk business with finally says “Ok, what does your project do?”
Whilst Western founders perfect their pitch decks, Asian business deals get sealed over late-night dinners, in private WhatsApp / WeChat DM’s, and yes, during KTV sessions and nights at the club where your tolerance for alcohol might just secure the deal.
This is part 1 of the APAC playbook nobody tells you about. My no bullshit guide to cracking seven key crypto markets across Asia.
After years of building in the region, I've seen countless Western projects face-plant because they tried to copy-paste their Silicon Valley approach. So I'm breaking down exactly how to navigate China's censorship maze, tap into Vietnam's builder energy, win over Singapore's gatekeepers, penetrate Hong Kong's old-money circles, ride Korea's narrative waves, crack Malaysia's trust code, and vibe with Thailand's mobile-first communities.
Got your eye on a specific partner? 👀
Drop "APAC" in the comments whilst tagging the project, and I'll try get you a warm intro from my stakeholder list of 300+ regional contacts
Note: Post was inspired by @ahboyash
1. CHINA 🇨🇳
China remains a high-potential yet complex crypto market. Despite a ban, underground activity is vibrant, with $86 billion in crypto flowing through the country from mid-2022 to mid-2023 and OTC volumes exceeding $20 billion by mid-2024. The market is driven by crypto-native users and curious pragmatists seeking wealth preservation and speculative opportunities. Stablecoins like USDT dominate. User psychology divides experienced users who navigate restrictions easily, while the general public remains risk-averse. Resonant narratives include financial security, blockchain innovation, and global participation.
To capture Chinese users, you must go underground but stay loud where it counts. Build stealth micro-communities on WeChat and QQ, wrap your product in "blockchain innovation" narratives, and flood early adopters with gamified rewards like airdrops, quests, and collectible NFTs. Move fast, speak their language, and make every action feel like a VIP invitation into the next big opportunity
Adoption
• Approx. 4.2% of population holding crypto
• Top exchanges: Binance (~20% of volume is from Chinese users), OKX, HTX
• Predominantly retail adoption
• DeFi shows strong growth
• NFTs see traction when framed as "digital collectibles"
• Memecoins see speculative hype cycles
• Infra protocols have limited but strategic growth
Regulation
• Fully illegal
• No formal tax framework for crypto
• Foreign crypto marketing restricted
Trends
• Dominant chains: Tron, Ethereum, BSC, L2s
• Top use cases: Stablecoin transfers, DeFi, OTC swaps
• Popular wallets: MetaMask, imToken, TokenPocket
• High-frequency behaviours: CNY → USDT OTC → DeFi, and airdrop farming
• Fiat on/off ramps rely on OTC desks and private brokers
• Popular narratives: Yield farming, airdrop farming
• Most active users: Retail traders, degens, airdrop hunters
• Sentiment: Primarily yield-maxi, secondarily anti-establishment and pro-privacy
Exchanges
@binance, @OKX, @HTX_Global (Huobi), @gate_io, @Bybit_Official
VC / Funds
@fenbushi, @CsquaredVC, @SevenXVentures, @DFG__official
KOLs / Agencies
@Cipher_Dance, @iamyourchaos, @snow949494, @Elabs_crypto, @EnHeng456
Community Groups
@ETHPanda_Org, @see_dao
Events
@EthereumSH
Media
@PANewsCN, @JinseFinance, @bwenews, @TechFlowPost, @ChainCatcher_, @Foresight_News, @OdailyChina, @BlockBeatsAsia, @BiteyeCN
Meanwhile, $BTC has dropped 2 levels and is currently at 2nd level (Fib 0.382) range which is not too bad as long as it can slowly return to 89.5k for a bullish trend.
The current range is large, 77k-86k, about 12% up and down.
Revisiting my previous TA (see 1st comment) - we are now at Fib 0.382.
For bearish:
We would drop to Fib 0.5 or nearby, around 68k/69k.
For bullish:
Fib 0.382 is typically where a reversal occurs but currently it's a test of time.
I still expect Fib 0.5 because that's where people are more willing to buy.
The current market price is pretty dead and manipulated; people are tired, fed up or just staying out until confidence returns.
ETH has dropped 3 levels down and is now at 3.5 levels or touched the 4th level (from 2023). Hopefully 1800 remain as a strong support area (seems) and continue to accumulate here. Otherwise will go to 1500-1800 range.
My fellow buddy is at it again, never forgetting this rug story from my homeland because those culprits still happily smiling, enjoying life every day. Pls share the post and help spread. Such story must be passed on so that ppl can avoid those fake people.
State of our industry
After rugging, lying and cheating, you get rewarded with a job from @crossmint and be a judge at an AI hackathon by @StoryProtocol@jasonzhao
Here’s how @henloitsjoyce did it
1. Launched a fake “AI” agent on-chain called $gmika (it was proven to be not AI)
2. Posted publicly about how the team does not have any tokens and/or plans to dump the token but then actually did
3. Denied it until being caught by @zachxbt
3. Claimed to return all the funds to the pool but was debunked again later by @zachxbt
4. Project was then abandoned / CTO-ed but she claimed to be “exited founder” in her CV
5. Gets a job at @crossmint
6. Gets to be a judge at an AI hackathon (honestly if I were a fellow judge I would feel tainted by her presence)
The past few months we had as an industry was likely one of our darkest and most extractive periods - where malicious actors have come and extracted over and over again
I get that our industry has really short-term memory, but each and every single individual who rugs / lies / steals from the public contributes to the very significant problem our industry faces today
Her amount may be small but her actions are not, and if we continue to bad actors, they have no incentive to change
We either need to do better as an industry to hold unethical individuals accountable or we may not have an industry at all really soon
This is me doing my part because if we don’t have an industry to be in at the end, does it really matter?
the bull run is NOT about to start.
it already fucking happened.
$BTC went from $16K → $110K
$ETH went from $900 → $4K
$XRP went from $0.50 → $3.50
$SOL went from $10 → $300
if you’re still waiting for some magical “beginning,”
wake the fuck up,
we are deep into this cycle.
don’t let the moon boys lie to you.
but here’s the good news:
there’s still money to be made.
rotations aren’t fully over.
exits aren’t crowded.
but if you don’t lock in profits aggressively from here on,
you will give it all back.
the endgame is near.
play it right.
@yourfriendSOMMI The collapse isn’t actually what’s charged here - it’s the materially misleading statements around things before and after the collapse
But yes, watching how the Justice system picks and chooses the cases it wants to make examples out of has been eye-opening
NewJeans' Hanni on the groups decision to terminate their contract:
“We faced mistreatment not just towards us, but also including our staff. Countless pretentions and contradictions, deliberate miscommunications, and manipulation regarding multiple areas. A company that no longer has any sincerity in the art and music that it's creating and is rather fixated on appearing like a well-working company despite only having thoughts about making money and don't have any conscience about the negative effect they create through their non-authentic means. This is not the type of work ethic we respect, nor want to be a part of, and to continue working under a company with no intention of protecting NewJeans would only do us harm. So that is why we, the five of us, together, have agreed to leave the ADOR. And for us to clearly express ourselves before misleading information is released and to abandon this, we have chosen to hold an emergency press conference today.”
Taking a break from community noise and toxicity. Humbled down after taking profits for most leveraged positions but made tiny mistake for still holding 4 meme coins (POPCAT, DEGEN, PONKE, WIF) in which now big red and tanking it.
Hopefully will recover later, meantime back to watching kdrama n into learning mode again. Congrats BTC 97.8k, beautiful parabolic move.