Core Insights - The crypto VC fundraising sector is experiencing significant consolidation, with fewer projects attracting larger amounts of capital [1][5] - Interest is shifting towards sectors like DeFi, AI, and blockchains, while RWAs, DePIN, NFTs, and GameFi are losing traction [1][6] Fundraising Trends - In Q2, institutional investment led to $10 billion in inflows, but the sector has since cooled, with token launches becoming more prominent than traditional VC routes [2] - In September 2025, the total number of VC fundraising rounds in crypto fell by 25.3% month-over-month and 37.4% year-over-year [3] - Despite the decline in the number of fundraising rounds, the total capital raised saw a 739.7% year-over-year increase, amounting to approximately $5.1 billion [4][5] Sector Performance - CeFi and DeFi accounted for nearly half of the total investment capital, with AI development and L1/L2 blockchains following closely behind [6] - The RWA market is underperforming, capturing only a 6.5% market share when combined with DePIN, indicating a lack of interest from major institutional investors [7]

Core Viewpoint - FORM cryptocurrency experienced a significant surge of over 30% in a single day, attributed to a short squeeze as traders aggressively entered long positions [1][2][3]. Price Movement - The price of FORM fluctuated from approximately $0.91 to a peak of $1.47 before stabilizing in the mid-$1.30s [1]. - The rally was noted as "+44% from lows" following a recent all-time low near $0.91, indicating the impact of thin liquidity on price volatility [3][4]. Trading Activity - Derivatives data indicated that open interest nearly doubled to $26 million, with funding rates around +0.01% per eight hours, suggesting a strong influx of long positions [2]. - Major exchanges like Binance and Bybit reported hundreds of millions of dollars in trading volume within 24 hours [1]. Market Sentiment - The recent price action has led to speculation about a potential breakout, with some analysts shifting from bearish to bullish stances [5][6]. - A notable analyst, Tryrex, identified a recovery from late-September lows and set a new long entry point above $1.14, with a profit target near $2.29 [6]. Historical Context - FORM's price history has been marked by volatility since its token swap from BinaryX (BNX) to FORM earlier this year, contributing to the current market dynamics [2][4].

🚀 Week in GameFi: GameFi Tokens Sell-Off, Solana Labs Sells GameShiftThe market sell-off continues as Bitcoin tumbled to $109.5K! Honeycomb acquires GameShift! North Korean hackers exploit Seedify.​fund!Let's uncover what kept Web3 gaming moving this week! 🧵1/6 https://t.co/IFa1djMMNE ...

#GameFi continues to grow — Tapzi presale gains attention! Are you part of the next gaming revolution? 🎮 ...

Core Insights - The9 Limited has announced that unauthorized accounts and tokens are impersonating its the9bit platform, which are fraudulent and not affiliated with the company [1][5] - The9bit has rapidly grown to over 3 million registered users, up from 2 million in just a few weeks [2] - The9 will hold 19% of the $9BIT token supply as part of its contribution to the $9BIT ecosystem, with plans for the token to be listed on a leading crypto exchange by the end of 2025 [3][7] Company Overview - The9 Limited is an Internet company listed on Nasdaq since 2004, focusing on online game operations and Bitcoin mining [5] - The9bit is a next-generation gaming platform that integrates Web2 gaming with Web3 rewards, allowing users to earn token-convertible points through various activities [4] Community Protection Measures - The9bit is actively working to combat impersonation by reporting fraudulent accounts and listings to the relevant crypto platform and monitoring the situation closely [5] - Users are advised to verify announcements through official channels and report any suspicious activity [5]

Investment Themes - Big narratives can lead to big profits [1] - The report highlights potential investment themes including AI (Artificial Intelligence), DeFi (Decentralized Finance), GameFi (Game Finance), and RWA (Real World Assets) [1] - The report questions which of these themes will be the next to generate significant profits [1]

🚀 Week in GameFi: Alt Season Is A-Knocking, Immutable Pumps 50%Fed cuts for the first time this year! Immutable explodes 50%! Wolf Game gets a lifeline following an acquisition deal!Let's unpack what kept the GameFi wheel turning this week! 🧵1/6 https://t.co/utR51Uze7W ...

GameFi Overview - GameFi is attracting millions of new players [1] - The industry explores whether gaming will onboard the next billion users to crypto [1]

GameFi & Web3 Gaming - Yield Guild 的联合创始人 @gabusch 自 2018 年以来一直是 Web3 游戏创新者 [1] - 行业关注 Gigaverse、“guild of guilds” 的起源以及创作者主导的增长 [1] - 稳定币和链上游戏是下一波 GameFi 的关键 [1]

Gaming Industry Trends - The document inquires about the specific "GameOnBNB" game currently being played [1] Social Engagement - The document aims to engage users by asking about their current gaming preferences [1]