Regulatory Landscape - Story Protocol 锁定韩国唯一持牌 RWA (Real World Asset) 交易场所三年 [1] - 24 亿美元韩国加密货币资本没有其他合规方式交易代币化 IP (知识产权) [1] - 首尔交易所合作关系在 K-Pop IP 代币化方面形成监管垄断 [1] Market Dynamics - 存在被控制的供给和被捕获的需求 [1]

Social Products & Liquidity - The industry is observing Yarn(m), a new social product, noting its social-capital-incentivized liquidity model similar to initial attention offerings, with quality content driving allocation/APY [1] Cryptocurrency Exchange & RWA - Bybit is actively pursuing Real World Asset (RWA) trading through its DEX and campaigns like Kaito, indicating a strategic focus and significant investment in this vertical [2] - The industry anticipates potential tokenized stock initiatives from 'nance, aligning with the broader trend of RWA integration [2] Wallet & Perpetual Futures - Phantom's integration of High Leverage (HL) perpetual futures in its wallet is a significant development, prompting analysis of fee rates and potential geoblocking implications [3] - The move by Phantom into HL perps, despite existing platforms like Jupiter and Drift, suggests a shift in market direction [3] AI & Grok - Grok experienced unusual behavior, raising questions about its status and potential for self-awareness, though the industry remains skeptical about achieving Artificial General Intelligence (AGI) internally [3]