The narratives and ideas Miguel’s fans have placed on him — sex god, romantic, millennial women’s collective husband — are plenty. But Miguel doesn't have the luxury to care anymore. “I’m f—ing 37. I don’t have the energy to be nervous anymore.” https://t.co/A8u1ScELgQ

@hack_vc @berachain @movementlabsxyz @BNBCHAIN @1kxnetwork @elizaOS Narratives and speculation seem to drive the industry forward. Our first panel explores the topic of what matters more, narratives or fundamentals in crypto. Join us for an insightful conversation with @SmokeyTheBera, @diana_bnb, and @mansolodxb moderated @warplord_eth

What are the two biggest narratives right now? AI & memes. Here’s the kicker, they’re both ꧁IP꧂. Story Protocol leads the charge. Mycelium builds on top. And $WTF is here to make it unforgettable 🐸🔥 Let’s make history!

At WAVES 2025, witness creators spark trends, shape narratives, and write the future of storytelling, one idea at a time. From WAVES Bazaar to the WAVExcelerator, from CreatoSphere to the vibrant Bharat Pavilion-WAVES 2025 is where creators, brands, and possibilities collide. Register at: https://t.co/2Kt0m4KB07 #CreateInIndiaChallenge# #WAVESBazaar# #WAVES# #WAVES2025# #WAVESIndia# #WAVESummit# #WAVESummitIndia# @AshwiniVaishnaw @airnewsalerts @DDNewslive @MIB_India @nfdcindia @PIB_India @wavexcelerator @IAMAIForum

Rep. Byron Donalds absolutely NAILS it when asked how the Obama Administration was able to get away with something as deeply corrupt as staging a hoax. "They got away with it because once they leaked these false narratives and false reports, you had big media organizations who just went lock, stock and barrel, did not fact check, did not go and do the extra work, did not do any due diligence whatsoever....they just followed and towed the company line. And then you have the deep careers in the intelligence community who either were afraid of being fired or having their clearances revoked or B, were so concerned about a Donald Trump presidency that they felt it was okay to concoct false information to the American people, into the body politic." Bingo.

⚡️ TODAY: Binance founder CZ reminds the crypto community to focus on fundamentals, projects with users, revenues, and profits rather than chasing narratives. Do you agree? 👇 https://t.co/qvBPXr9nl3

BNB holding $616 while S&P bleeds shows where real alpha lives. HUT mining deal with Trump’s data centers could turn $BTC halving FUD into hyperbitcoinization fuel – watch hash rate narratives this week.

Half the world’s population will vote in major elections this year, by some estimates. At the same time, false narratives and conspiracy theories have evolved into an increasingly global menace. https://t.co/qSHRs0WgEN

🚨 HOLY SMACKDOWN! RON DESANTIS puts Dems who are obsessed with Alligator Alcatraz IN THEIR PLACE. "I've NEVER seen ONE OF YOU show up to comfort an angel mom who's lost a child because of illegal alien crime. I've NEVER seen you raise *ANY* concern about the victims of illegal immigration. NOT ONE TIME have I seen these Democrats caravan anywhere in this state, hold a press conference, to be able to stand in solidarity with victims. I've NEVER seen that! These are stunts they're pulling because they're increasingly politically irrelevant in this state." Dems recently pushed to get into Alligator Alcatraz over fake narratives. They got denied, then got a tour, and lied again. Complaining about ham sandwiches being cold, etc. Ridiculous.

🚨EXCLUSIVE - BOUGHT AND PAID FOR: HOW $472 MILLION BUILT A GLOBAL LEFT-WING MEDIA MACHINE In February 2025, WikiLeaks pulled back the curtain on a government-funded media empire that’s been quietly shaping what billions of people read, watch, and believe. At the center of it all? A group you’ve probably never heard of: Internews Network. Funded mostly by USAID, Internews presents itself as a friendly nonprofit supporting “independent journalism.” But behind that noble-sounding mission lies a global operation that critics say is more about managing narratives than reporting facts. The numbers are jaw-dropping. Nearly $473 million—yes, that’s nearly half a billion—has flowed to Internews from USAID and the U.S. State Department over the past 2 decades. Add in millions more from billionaire-backed organizations like George Soros’s Open Society, the Rockefeller Foundation, and the Bill & Melinda Gates Foundation, and you’ve got a media Frankenstein stitched together with government cash and private influence. In 2023 alone, Internews claims to have worked with 4,291 media outlets, produced 4,799 hours of programming, and trained over 9,000 journalists. It also says it reached an audience of 778 million people worldwide. That’s more than double the population of the United States. But here’s where things get murky. Internews isn’t just giving media groups equipment and microphones. It’s tying grants to ideological conditions. In Hungary, for example, officials accused Internews of funding anti-government media under the guise of “media development.” If you didn’t toe the line, you didn’t get the money. In Ukraine, it funded 9 out of 10 major media outlets—almost all promoting pro-NATO, pro-conflict content during wartime. And it’s not just about news. In Kosovo, just months before major protests broke out in Serbia, Internews offered grants to reporters to write in Serbian. The pitch? Promote “positive” stories about Albanian-Serb relations. Sounds harmless—until you realize this was a foreign-funded push to shape how people talk about sensitive ethnic conflicts. Then there’s Internews’ Earth Journalism Network, which recently launched a $100,000 media grant focused on climate reporting in Asia. Sounds great—except that the fine print gives Internews and its donors the rights to edit and publish all the content. So yes, they’re funding journalism—but they’re also controlling the output. Even advertising isn’t off limits. Through its “Ads for News” program, Internews partners with GroupM, the world’s biggest media buyer, to funnel ad dollars to “trusted” outlets. If you’re not on the list, you get nothing. It’s a digital loyalty program—except instead of points, you get credibility and cash. Internews is led by Jeanne Bourgault, a former U.S. government official who made $451,000 last year. She previously worked on post-Soviet “transition programs” and oversaw a $250 million budget at the U.S. Embassy in Moscow. In 2023, she launched a $10 million media fund at the Clinton Global Initiative—a project backed by Hillary Clinton. The Internews board includes big Democratic donors and political insiders, and WikiLeaks says at least one of its six subsidiaries is based in the Cayman Islands, a notorious offshore haven. Meanwhile, its headquarters in California? Reportedly an abandoned building still listed in official filings. Let that sink in: a half-billion-dollar media empire, pushing narratives in dozens of countries, funded by your tax dollars—and run from a ghost office. Internews says it’s here to “support press freedom.” But as one media analyst put it, “It’s not about giving journalists a voice—it’s about choosing which voices get heard.” So the next time you read a “fact-check” or see a story calling something “disinformation,” remember: it might just be brought to you by the same people who paid $473 million to decide what the world thinks is true. Sources: Anadolu Agency, Hungary Gov, Ukrayinska Pravda, KoSSev, Earth Journalism Network, TRT World, Concordia, Shore News Network

FROM PIXELS TO PRIMETIME: GAMING'S CULTURAL REVOLUTION Video games have become the new comic books—once dismissed as juvenile entertainment before evolving into Hollywood's premier content pipeline. Just as Marvel and DC transformed from "funny books" to billion-dollar franchises, gaming has completed a similar cultural journey. The critical acclaim for HBO's "The Last of Us" and Amazon's "Fallout" validate gaming narratives as sophisticated storytelling vehicles, while prestigious studios like A24 pursue Death Stranding adaptations and auteurs like Sam Lake secure creator-driven deals once reserved for elite filmmakers. Unlike early comic adaptations that merely borrowed characters, today's gaming adaptations embrace the medium's unique storytelling techniques—proving video games have evolved from simple distractions to legitimate art commanding Hollywood's respect and resources. Sources: The Hollywood Reporter, Variety @HIDEO_KOJIMA_EN

Memecoins have dominated mindshare and trading volume all year, but no one has given out actionable insights on how to consistently make money in the arena. I’ve decided to do a one time series on how I operate with a 70-80% hit rate on micro to mid-cap memecoins while avoiding significant drawdowns. My strategies are chain agnostic, more encompassing than prevailing narratives (e.g. “cult coins") and (I believe) can be applied by anyone with a decent social pulse. To be frank, I’ve been refraining from sharing my process due to risk of edge decay but I hate to see people still losing money to cabal coins and scamfluencers. My hope is that this will help those with zero followers or connections gain an advantage. You’ll rarely see me talk publicly about the memecoins I’m in. I don’t need to for my trades to play out. I have high confidence that it will improve your success – if you’ve got the chops. This series will be published for free on the OnlyApes blog and I plan to delete it after some time depending on the viewership. Since it’s time intensive for me to put this together I will only publish it if there are 500+ signups in the next 24 hours (otherwise I’ll assume there’s no real interest). Sign up link is in the reply to this tweet. Share this post if you want to ensure it goes out. Cheers.

i promised to share my top memecoin picks from the LetsBONKfun trenches earlier while over 50,000 memecoins have been launched on the platform since it went live two weeks ago, i bidded the following because they're the ones being most frequently shilled to me, and I find them particularly interesting i've been buying each of these memecoins on dips over the past few days, and now hold between 1.12% and 2.59% of the supply of each in my public wallet (verifiable on-chain) 1. $HOSICO Cat coin beta to $BONK and the first LetsBONKfun coin to truly gain traction—I published a thesis on this earlier and will be posting an update soon! CA: 9wK8yN6iz1ie5kEJkvZCTxyN1x5sTdNfx8yeMY8Ebonk 2. USELESS COIN the name says it all. while it's easy to be lost in our own CT bubble, the reality is that most people outside of CT write off all of crypto as useless—whether it’s BTC, ETH, SOL, or memecoins, there's no distinction to them. 'It’s all useless,' they’d say. so what better coin to gain traction off this mockery than USELESS COIN? I’m getting Fartcoin vibes—before it exploded and went mainstream—from USELESS. what’s different, though, is that USELESS isn’t a Fartcoin derivative (and there are many of those now), but a coin that can stand on the strength of its own narrative CA: Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk 3. $IKUN i added this coin due to overwhelming requests from the Chinese community. according to them, it’s one of the biggest memes in China—many from the Chinese community have called it the Chinese equivalent of $PEPE. with a population of 1.4 billion people, fading a meme this widely embraced in China doesn’t seem wise! i like IKUN because it is a fresh narrative introduced by the Chinese themselves. unlike earlier 'Chinese meme' narratives that were mostly forced by Westerners, this one emerged organically. there wasn't a memecoin about IKUN until the Chinese community engaged with LetsBONKfun and me and pushed for it a few days ago this is a bet on China! CA: AtortPA9SVbkKmdzu5zg4jxgkR4howvPshorA9jYbonk 4. $GLONK i originally planned to cap this list at three, but GLONK's role in the launchpad wars drama yesterday made it too iconic to ignore. the GLONK meme—created by Ricky Gervais—is moderately popular in online meme communities like Reddit. the memecoin took off after it became the center of attention in the launchpad wars, with both Pumpfun and LetsBONKfun communities battling to dominate the narrative the LetsBONKfun version won, hitting an ATH of $17M just hours after launch and generating $120M in on-chain trading volume in 22 hours—reflecting the massive attention and interest it captured CA: 8yxD7uSEyEKpJqaSiunworBFzirAsRXKNjD2X1mdbonk the above is a rough overview of my top memecoin picks on LetsBONKfun i’ll be posting deep-dive threads on each in the coming days, detailing why I invested in them i’ll be holding these memecoins for the foreseeable future. if the community remains strong and active, you can expect more tweets about them going forward important note: this is not an exhaustive list. many interesting tokens are launching on LetsBONKfun every day—be it a viral TikTok pig, other animals, AI tokens, and more i’m confident that the LetsBONKfun ecosystem—and the broader support it receives—will only grow from here. you’re going to hear a lot more about these projects in the near future, God willing!

❗“𝙒𝙝𝙮 𝙞𝙨𝙣’𝙩 𝙎𝙤𝙧𝙤𝙨 𝙗𝙖𝙣𝙣𝙚𝙙 𝙛𝙧𝙤𝙢 𝘼𝙢𝙚𝙧𝙞𝙘𝙖?” This question pops up in my comments a lot. The answer is simple: Republicans and Democrats work with him. The references I found were not from some random academic journal. Over 30 direct mentions of Soros or his NGOs appeared in the Journal of Democracy. It's the flagship journal of the National Endowment for Democracy (NED), the same organization featured prominently in that widely circulated "Uniparty NGO" network diagrams below. NED is a U.S. government-funded outfit. It includes currently sitting members of Congress on its board... from both parties, not just former officials. Soros’s involvement is deep. He has co-chaired NED conferences abroad and his Open Society NGOs regularly partner with NED operations, especially in countries undergoing "transitions" (read: regime change or soft power penetration). Together, Soros and US-backed NGOs have shaped funding pipelines, media narratives, and even foreign electoral strategies. So when people ask, "Why isn’t Soros banned?" ... they need to understand: he's not an outsider. He's part of our government. The Uniparty protects and partners with him, because he helps carry out a shared foreign policy vision... the same one that labels President Trump as a threat to democracy. NED members include: 🟣 Victoria Nuland – Director of the National Endowment for Democracy; Acting United States Deputy Secretary of State under Biden (served in both parties). 🔵 Karen Bass – Vice Chair of the National Endowment for Democracy; former U.S. Representative and current Mayor of Los Angeles (Democrat). 🔴 Todd Young – Honorary at the National Endowment for Democracy; U.S. Senator from Indiana (Republican). 🔴 Elise Stefanik – Director at the National Endowment for Democracy; U.S. Representative from New York and House GOP Conference Chair (Republican). 🔴 Mel Martinez – Director at the National Endowment for Democracy; former U.S. Senator from Florida (Republican). 🔴 Steve Biegun – Director at the National Endowment for Democracy; former U.S. Deputy Secretary of State (Republican). 🔴 Todd Young – Honorary at the National Endowment for Democracy; US Senator from Indiana (Republican).

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

Just a reminder the architect of these protests is Norm Eisen and he told us this was the playbook in 2019. In Norm Eisen’s “Democracy Playbook” (specifically The Democracy Playbook: Preventing and Reversing Democratic Backsliding, originally published by the Brookings Institution in 2019 and updated in later versions), civil protest is framed as a legitimate and essential component of democratic resilience, particularly in the face of authoritarian tendencies. Key Themes from the Playbook Regarding Civil Protest: 1. Nonviolent Protest as a Democratic Tool •Eisen emphasizes peaceful mass mobilization as a key mechanism for resisting authoritarian encroachments. •He draws on examples from Eastern Europe, the U.S., and Latin America to show how civil protests can defend democratic norms, especially when institutions are under threat. 2. Strategic Protest to Pressure Institutions •The playbook encourages strategically timed protests to coincide with political decisions (e.g., Supreme Court rulings, elections, executive overreach) in order to pressure courts, legislatures, and public opinion. 3. Coordination with Civil Society & Media •Protests are seen as most effective when coordinated with civil society organizations, legal advocacy groups, and sympathetic media. •The document urges forming alliances with NGOs, academics, and international observers to amplify protest messaging. 4. Framing & Messaging •Eisen stresses that successful protests need a clear moral message, emphasizing “defense of democracy,” “protection of rights,” or “constitutional accountability.” •Framing should avoid violent rhetoric and instead focus on inclusion, lawfulness, and democratic integrity. 5. “Pre-Bunking” and Countering Authoritarian Narratives •The playbook suggests that activists prepare preemptive narratives to counter expected government backlash (e.g., labeling protests as “unpatriotic” or “insurrectionist”). •Encourages “pre-bunking” through media campaigns and grassroots education. Tell me how that’s not the literal playbook for these Tesla protests?

the year changed, the final goals stay the same. i believe you have the majority of 2025 where there will be favourable conditions to trade onchain and still make life-changing money. i feel most traders including ogs on here will sell bitcoin too early, and are not optimistic enough on it. a few months ago, right before the AI meta started i posted about the importance of screentime. i emphasize on it for a reason, ask the greatest onchain traders how they achieved their breakthrough and they'll tell you being chronically online played the biggest part. all it takes is one, one good month, one good week, one good day, one good hour, one good click, one good split second decision. you CAN do it alone, but only if you're willing to sacrifice basically everything to sleuth coins onchain for 10s of hours a day weeks on end, sometimes to the point where you lose sense of time. aim to build intuition instead of having to borrow conviction from callers, this can only be achieved by lots of screentime. money creates money, more money creates even more money. view money as a tool to take advantage of your ability to read narratives. don't be scared to risk money on something with potential. risk often, risk every single time your gut tells you to. abolish all emotional connection to your trades and money, view it as a game you must win, as a code you must crack. once it starts cracking (and with enough effort it, always does) use the pixelated gains to better your life and build something irl. dont just click for the sake of clicking, think, think a lot, think of what others after you will think. but keep your thesis simple, and have the patience to let it play out properly. either be fully wrong, or be fully right. no mediocrity, nothing in between. i performed very well onchain for '24, and i was lucky enough to see multiple friends hit their lifelong financial goals this year, i find immense joy seeing traders on here do well that began by reading my threads. eternally grateful to have helped anyone find direction or achieve the correct mindset. trust yourself, learn to bet on yourself, torture yourself with absolute discipline, only then will you find success onchain. you have my prayers for the year ahead soldiers. inshallah.

《 BNB 开启曲线救国？》 今天 $BNB ATH 后我看一堆人在讨论怎么之前一直跟稳定币一样的BNB突然这几天爆发了。 很久没有写长文了，我也来猜测一下，顺便把近期一些思路捋一捋，没有得到过官方的验证，全是我根据蛛丝马迹推的，大家当一乐看。但这些思路是我最近能拿稳BNB吃到大肉的重要原因。 ~~~~~~~~~~~~ 首先最近有动作大概率还是跟最近币股的爆发有关，或许就是从SBET，Tron等获得了灵感，不再刻意追求OKX的那条合规上市之路。 其实从过去一段时间不少迹象可以看出币安应该是对上市/合规有想法的，Why？ @binancezh 虽然没明说，但一直在降低明面上给 $BNB 的赋能。 继Launchpad名存实亡很久之后（狮兄应该是全网第一个说Pad不会再有），Launchpool的节奏也越来越慢，上一个Pool还是5 月 6 日的 $SXT ，距今已经2个多月。 如果有心人去币安App看看，会发现不但 Launchpad已经搜索不到（只能去网站查看往期），连Launchpool功能的界面都改了，Holders Airdrop也归入进去。现在我严重怀疑未来还会不会有往期用BNB挖份额的 Launchpool 出来，虽然收益本来就缩水了很多。 Why？ 之前狮兄分析OKx上市之路的时候针对老徐对 $OKB 长时间冷处理不赋能的原因做过分析。如果要上市，那么平台币是否属于证券，能否通过豪威测试（Howey Test）非常关键。 过去SEC曾经也明确认定 $BNB 涉嫌证券，而这是Pad消失的最直接原因，Pool虽然好很多但依然算是“打新特权”，所以逐步被弱化，并被Holders Airdrop取代，从而更容易通过Howey Test也是能理解的。 虽然我之前对币安US上市持积极态度，但OKx筹谋数年都还没结果，币安上市之路还很漫长，这一点得认。 话说回来，筹备合规和上市，打新收益降低可能是 $BNB 在很长一段时间内表现平平，随大流的原因。 上面狮兄列出来的表象都指向一个非常明确的趋势：BNB 正在被“去证券化”处理，这是为了应对豪威测试（Howey Test）潜在风险。如果未来有 IPO 或大型合规合作，BNB 是否是证券将是致命敏感点。 像 FTT、KCS、HT、LEO 等平台币也在“合规转型阶段”一度失去上涨动能，体现出这种模式下平台币天然的估值抑制。 ~~~~~~~~~~~~ 那怎么突然跟吃了伟哥一样硬了？ 要知道，谁是最大的 $BNB holder？ 大表哥怎么可能不关心BNB的价格，不希望BNB涨呢？ 所以当这波币股浪潮来袭，有心人会发现，原来币安要上市，不见得只有走Okx那一条路啊，哈哈😂😂 看看孙哥的 $Tron, 不就是套了一个美股的壳曲线救国了吗？这是绕开SEC的另类路径，且已经被先行者证实可行。 那现在如此火爆的币股微策略，如果多几个正儿八经的BNB微策略公司，不就类似币安上市，而且还不止一个壳？ 币安可能意识到，“做币股+微策略叙事”+BNB控盘拉升 = 变相市值重估 + 群体共识重建。这是更“Web3 native”的玩法，也能避开 SEC 的致命路径依赖。 所以 $BNB 脱离了合规转型束缚后，在微策略买入的刺激下，终于开始回归本我。 在我看来，没有合规的束缚， $BNB 早就应该1000以上了 ~~~~~~~~~~~~ ✅ 总结一句话： 币安可能正在从“合规上市”转向“多壳并进、变相市值重估”的战略转型期，BNB 的行情就是这种转型的直接产物。 不论这一波拉升是否有“实操派”控盘，它反映出来的 narrative 已经正在成型：BNB 可以“以虚促实”，不用非得走正道上市，也能达成市值跃迁。 一旦我这个推论被证实，那么除了拿稳 $BNB 吃够这波补偿，还要好好盯一下 BNB的微策略公司。 其中虽然可能有浑水摸鱼的，但大概率会跑出来一家类似 BMNR 或SBET 这样的龙头。 让时间来验证我的观点是否正确。 #BNB# #BNB微策略# ~~~~~~~~~~~~~~~~~~ 【Is BNB Launching a Curved Path to National Salvation?】 After BNB hit a new all-time high (ATH) today, many people have been discussing how BNB, which had been behaving almost like a stablecoin, suddenly exploded in the past few days. I’ll take a stab at explaining it and organize some recent thoughts. None of this is officially confirmed—just speculation pieced together from fragments of information. Take it as an entertaining theory. ~~~~~~~~~~~~ First, this recent surge is very likely related to the recent crypto-equity explosion. Perhaps Binance got inspired by SBET, Tron, and others, and decided to stop following OKX’s rigid compliant listing path. In fact, there have been several signs over the past months suggesting Binance has been considering IPOs or compliance moves. Why? Although @binancezh has never said it outright, they’ve been steadily reducing explicit utility for $BNB. After Launchpad became a mere shell (I may have been the first to publicly say Launchpad was done), Launchpool has also slowed down. The last pool was $SXT on May 6th, more than two months ago. If you take a look at the Binance App, not only is Launchpad no longer searchable (you can only view past events on the website), even the Launchpool interface has been redesigned, and Holders Airdrop is now included in it. I’m seriously doubting whether we’ll see any more Launchpools using BNB to farm allocations again—even though the returns had already been greatly diluted. Why? Back when I analyzed OKX’s listing path, I explained why Xu (OKX founder) has long “cold-treated” $OKB and reduced its utility. If an exchange plans to go public, whether their native token qualifies as a security becomes a key issue. Passing the Howey Test is crucial. Previously, the SEC had explicitly flagged $BNB as potentially being a security, which directly caused the death of Launchpad. Launchpool is somewhat better, but still counts as a “launch privilege,” so it’s also being phased out and replaced by Holders Airdrop. This makes it easier to pass the Howey Test—which is understandable. Although I was previously optimistic about Binance US going public, given that OKX has been preparing for years with no results, Binance’s IPO journey will likely be very long. That’s just reality. So preparing for compliance and IPOs, and reducing “launch-related” benefits, is probably why $BNB had been underperforming for a long time—just drifting with the market. Everything listed above points clearly in one direction: BNB is being de-securitized, in order to reduce Howey Test risks. If Binance ever pursues an IPO or major compliance initiative, BNB’s status as a non-security will be a dealbreaker. We’ve seen this story before. Tokens like FTT, KCS, HT, and LEO also lost momentum during their respective “compliance transformation” phases. That’s the price platform tokens often pay in exchange for legitimacy. ~~~~~~~~~~~~ So why did BNB suddenly get “Viagra-level” strong? Let’s not forget: Who’s the biggest $BNB holder? Would Big Bro CZ not care about BNB’s price or want it to pump? When this wave of crypto-equities exploded, someone sharp probably realized: Binance doesn’t have to follow OKX’s path to go public 😂😂 Look at Sun Yuchen’s $TRON—it essentially backdoored its way into U.S. markets via a shell company. It’s an alternative, SEC-free listing path, and it’s been proven to work. Now, with the crypto stock narrative on fire, if multiple “MicroStrategy-style BNB companies” appear, isn’t that basically equivalent to Binance going public—except with more than one shell? Binance may have realized that: “Crypto equities + microstrategy narrative” + BNB supply control + pump = Repricing via new narratives + restored collective conviction. This is a more Web3-native play. And it also avoids the SEC’s regulatory bottleneck. So $BNB, once freed from compliance shackles, finally reverted to its true form amid the MicroStrategy-style buying frenzy. In my view, without compliance overhang, $BNB should have been above $1000 long ago. ~~~~~~~~~~~~ ✅ One-sentence summary: Binance may be transitioning from a “compliance-first IPO” strategy to a “multi-shell, narrative-led repricing” strategy—and BNB’s recent pump is a direct result of that shift. Regardless of whether this pump is backed by “hands-on controllers,” the narrative is clearly forming: BNB can “fake it till it makes it”—it doesn’t need to follow the traditional IPO path to achieve a market cap leap. If my theory proves true, then holding onto $BNB to enjoy this compensation rally is just the beginning. We’ll also need to watch BNB-themed microstrategy companies closely. While some might be opportunistic, chances are a real leader will emerge, just like BMNR or SBET. Let time tell whether I was right. #BNBATH#