Galaxy Corporation has reached unicorn status, achieving a valuation of KRW 1 trillion through the convergence of AI and entertainment.
To celebrate G Dragon’s return to Korea, his first domestic concert, and the company’s unicorn milestone, Galaxy Corporation hosted a gathering. I was grateful to be invited and had the opportunity to visit their office.
The space itself was a seamless blend of art and creativity, and G Dragon’s distinctive sense of style and swag could be felt throughout the environment.
Beyond its AI driven entertainment business, Galaxy Corporation continues to show steady interest in a broad range of future facing technologies, including blockchain. While there are structural and regulatory limitations within Korea, the company’s long term vision and direction feel compelling, and it’s one I plan to continue following closely.
With entertainment as one of the most powerful cultural drivers, Galaxy Corporation stands out as a company with the real potential to execute true mass adoption at scale.
이번주는 스트레티지 이슈가 시장을 흔들었습니다.
mNAV 변동성과 BTC 매도 가능성이 리스크를 다시 자극했고, 거기에 ETF 유출 · 레버리지 청산 · 일본 금리 변수까지 겹치며
변동성이 크게 확대된 주말이었습니다.
한경TV에 출연해 핵심만 쉽게 정리해봤습니다.
🔗 https://t.co/tRN1hhfa1Q
Korea’s crypto regulation is shifting. The FSC will replace self-regulation with a public approval system for Korean exchange listings.
Considering the recent flood of listings on Upbit and bithumb aligns with this major shifts.
What we can expect in near future:
> Challenging listing reviews
> Slower liquidity inflow
Also keep in mind, crypto taxation starts in 2027.
Recently, there have been various rumors about us, including claims that Upbit and Bithumb have put us on a blacklist. However, we haven’t really paid much attention to them. During KBW, we successfully hosted an event with Bithumb, and both our investment and marketing portfolios continue to operate successfully in Korea.
A historic drop exploded at dawn yesterday.
Liquidations amounting to 19.2 billion dollars occurred, which is more than 10 times the liquidations during COVID (1.2 billion dollars) and FTX (1.6 billion dollars).
In such drops, both body and mind get exhausted. From experience, additional trades driven by revenge psychology have often led to significant losses. After markets like this, new narratives tend to receive major attention, so sufficient rest and mental care are crucial to seize future opportunities.
Additionally, as perp DEXes like Hyperliquid and Aster hit successive jackpots, similar copycats flooded the market, and most of them reward maintaining positions with extra points, which might explain why OI stayed so high. Going forward, I have no plans to participate in perp DEXes except those with solid insider info, and I intend to keep an eye on AI infrastructure / RWA / stablecoin sectors.
I hope everyone gets through this well. It’s darkest before the dawn. Opportunities will come again someday.
After wrapping up #TOKEN2049 in Singapore, I came back to Korea just in time for my birthday, but ended up spending it in the hospital after pushing myself a bit too hard. Still, it was a truly fulfilling week in Singapore, and I’m grateful for all the meaningful meetings and moments. Please understand if my replies are a little slow for the next few days!