Well-known KOL Yueya is arguing with Succinct Marketing! Complaining about false marketing and deceptive tactics, ethos becomes a new paradigm for credit rating

Yueya.eth is a well-known KOL and the Asia-Pacific community leader of a DeFi APP. He previously made negative comments about Succinct's marketing director crashout on ethos (reputation scoring mechanism), such as: "There are issues with his character, everyone should be careful" and "A very manipulative marketing director who has deceived me twice." He publicly challenged crashout in the ethos community, threatening to escalate the matter. Yueya stated on ethos: "The first time I encountered Succinct on Kaito, they asked me to vote, saying they would give a code (invitation code) after voting. I didn't pay much attention and voted. But later, they said I needed to continue voting to get the code, which felt very insincere. The second time was even more ridiculous. They said they would collaborate on an article and promised a code and community resources. I carefully organized the content and sent it to them, but they directly denied the previous promise." He directly stated that it was no longer a communication issue, but a credit issue. He added: "After I posted a negative review, they contacted me on TG, saying that if I was willing to continue collaborating on community activities, they would fulfill the original promises. But to prevent more people from being deceived, I didn't continue to engage and won't be swayed by their BTC again. I know I'm not the only one experiencing this situation. Many KOLs have been repeatedly manipulated and promised things that were never delivered. I hope more people won't stay silent just for a code." Subsequently, Yueya also stated on Twitter that while he believes SuccinctLabs has strong technology and a correct product direction, Crashout's repeated backtracking has become unbearable. Initially, when Succinct was a candidate on Kaito Connect, Crashout asked KOLs, including Yueya, to help vote and promised to give a Code. After voting, Crashout requested more votes before giving the Code, and Yueya followed instructions but did not receive the promised Code. The second time, Crashout asked Yueya to write an article and introduce ethos and DeFi App community members, promising to give community members a Code. Yueya fully cooperated but was told no such promise was made. The third time, multiple KOLs reported that promised invitation codes were not fulfilled. Yueya then stated in the group that he didn't want to be brushed off with invitation codes like a beggar. Additionally, Yueya mentioned that Chinese KOLs might not get an invitation code even after much effort, while English users could obtain one simply by asking "may I get a code". Some also pointed out that screenshots of Crashout distributing invitation codes on Twitter showed 8-digit codes, while actual codes are 10 digits, suggesting the screenshots were merely a marketing tactic. Many KOLs supported Yueya's claims. A blockchain expert pointed out that Crashout would collaborate with KOLs, and when KOLs completed tasks, he would raise conditions, claiming codes would be given upon completion, but ultimately reneging on promises. As BTC briefly broke through 105K with an annual increase of over 70%, Coinbase's strategy director John D'Agostino stated in an interview on 5/12 that BTC has long been decoupled from tech stocks, and the massive inflow of BTC ETF funds demonstrates the market's recognition of its "digital gold" attributes. He suggested that if most US financial advisors begin actively recommending these products, it would be a crucial driving force.

Toggle

BTC ETF Explosion, BTC Capital Inflow Surpasses Gold

D'Agostino first stated:

• Since 4/23, BTC ETF capital inflow has exploded,
• Accumulating over $5.5 billion
• And the speed far exceeds Gold ETF

He believes the "biggest driving force" behind this demand is:

BTC quantity is limited, but demand is growing explosively.

Don't Treat BTC as a Tech Stock, Coinbase Views BTC as Gold Alternative

Regarding whether BTC should be seen as gold or a tech stock, D'Agostino said:

"Especially after this wave of BTC ETF capital flow, I don't think BTC should be considered part of tech stocks anymore."

He admits this positioning is somewhat subjective, but for Coinbase's internal and institutional clients:

"It's easier to understand its investment logic by viewing BTC as a gold alternative."

BTC ETF Can Be Even Crazier, Key Lies in Financial Advisor Recommendations

D'Agostino further stated that current BTC ETFs are performing well, but:

"Asset management companies haven't yet allowed their businesses and financial advisors to promote these products. It's like Nike store staff can't promote Nike shoes."

Once market advisors can proactively recommend these products in the future, that will be the true explosion moment for the BTC ETF market.

How to View Other Cryptocurrencies, Diversify Risks Like Venture Capital

D'Agostino proposed an investment perspective for risk diversification:

• First layer is BTC: Similar to digital gold, with hedging and value storage properties

• Second layer is top 20 mainstream cryptocurrencies: Most have practical uses or technological innovations

• Third layer and below are like the venture capital market: High risk, but with potential for explosive growth

Trump Family Involved in Crypto? D'Agostino Says This Will Promote Legislation

Regarding the Trump family holding cryptocurrencies, D'Agostino emphasized:

"We actually call for more clear regulatory rules, which will help the entire industry develop."

He believes the US should:

• First, legislate
• Then formulate rules
• Finally enforce the law to build market confidence.

Should BTC Insider Trading Be Regulated? D'Agostino Says Treat It Like Stocks

Regarding whether the crypto market should have "insider trading regulations", Josh clearly stated:

"Personally, I think it should, and traders should follow the same rules as the stock market."

However, he also candidly admitted that crypto assets are not as clear as companies with internal information, making the definition of insider information more blurry and enforcement more difficult.

Can Congressional Representatives Trade Cryptocurrencies?D'Agostin StatesEveryone Must Follow the Rules

Regarding whether congressional representatives should be restricted from crypto trading, D'Agostino responded:

"Everyone should adhere to the same standards."

Without directly naming anyone, he echoed external concerns about "double standards" in congressional trading practices.

BTC ETF Rewrites Crypto Market Landscape, Next Wave Depends on Who Opens the Recommendation Switch First

From BTC's price surge, BTC ETF volume explosion, to the Trump family's crypto involvement and regulatory discussions, D'Agostino's core message is:

"BTC is no longer just a speculative asset, but a mainstream option for asset allocation."

The next wave of development depends on when financial advisors will start "recommending" these products.