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Upside GM 👋
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Upside is Vietnam’s largest community of long-term crypto investors — powered by @WeTheIvy, a Web3 Media Company. @TheIvyNFT is our official NFT collection
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Upside GM 👋
🇨🇳 China has banned crypto more than 10 times, yet Bitcoin continues to grow stronger 🚨 June 2009 China has banned the use of virtual currencies for in-game payments. → Bitcoin practically didn't exist at that time → no impact. December 2013 The People's Bank of China (PBOC) has banned banks from processing Bitcoin transactions. BTC from approximately $1,100 to $560, a dump of about 50%. March 2014 Rumors are circulating that China is planning a complete ban on crypto. BTC from approximately $1,000 to $400, a decrease of about 60%. September 2017 China bans ICOs. BTC from ~4,700 USD → correction of ~30–40%. • September 2017 (again) China shuts down domestic crypto exchanges. BTC dropped another ~30%. • 2018-2019 Authorities are beginning to crack down on Mining mining. → The impact is uneven, but it adds further pressure in a bear market. May 2021 China shuts down mining, forcing 46% of the global hashrate offline. BTC dropped from approximately $64,000 to $30,000, a collapse of about 53%. September 2021 China has declared all crypto transactions illegal. BTC dropped from approximately $43,000 to approximately 20%. • 2022-2025 Continuously issuing more bans, tightening regulations on Non-Fungible Token, and strengthening law enforcement. → Market reaction is increasingly small, usually below 10%. February 6, 2026 China has banned all crypto services and Tokenize RWA (Real World Assets). 👉 Bitcoin is now practically unconcerned about the ban from China anymore 😏 The market is all too familiar with this scenario. Source: StarPlatinum_ twitter.com/gm_upside/status/2...
BTC
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ZK Proofs: Is privacy cheap enough to become the mainstream standard? Zero-Knowledge Proofs (ZK) are shifting from an expensive, hard-to-access technology to the default infrastructure of blockchain. The question now is no longer whether ZK is useful, but rather: is the cost low enough for widespread adoption? 📌 From academics to blockchain foundations ZK emerged in 1985 as a purely Cryptology concept, existing for decades almost exclusively in laboratories. Blockchain is the catalyst that brought ZK into the real world. The public ledger creates a fundamental paradox: Blockchain requires transparency for verification. But users need privacy. ZK directly addresses this conflict by allowing proof of something's truth without revealing the original data. Beyond privacy, ZK also becomes a scalability engine, as verifying a proof is significantly cheaper than every node having to re-execute the entire transaction. From Zerocoin, Zerocash, Zcash to zk-rollups, ZK officially entered the mainnet and became a pillar of Ethereum's scaling model: 👉 Execution off-chain – Validity proof on-chain. 📌 Proving cost – the “new bill” of blockchain Previously, the cost lay in on-chain verification. Today, that cost is shifted to the proving layer. Instead of everyone having to do the calculations, ZK delegates the difficult tasks to the prover, turning the results into proof for quick blockchain verification. In other words, proving becomes the new bill of verification, with the costs lying in: hardware – power – latency. 📌 Three classes of costs in the ZK stack ZK cost is not a single number, but a composite of three parallel operational layers: 1️⃣ Verification cost > Cost of verifying proof on-chain. On Ethereum, this part is quite stable and has been heavily optimized (EIP-1108, proof aggregation). Combining multiple proofs into one helps distribute this cost across multiple users. 2️⃣ Prover cost The cost of generating proof – where the most computing power is consumed: GPU, electricity, operation, uptime. This is currently the most fiercely competitive battleground among ZK teams in terms of performance and software optimization. 3️⃣ Publishing cost The cost of posting data for the chain to accept the state transition. Call data or blobs are still a significant cost and often influence user pricing more than proving. 👉 Because these three tiers don't decrease at the same rate, proving costs can drop very quickly, but user fees remain high if data publication on L1 isn't optimized. This is why many people haven't yet felt the difference in price with ZK, even though proof creation costs have dropped significantly. 📌 What should we watch for with ZK until 2026? Medium processing time and slowest processing time when running workloads at Ethereum scale. The cost per Block is tied to the hardware assumptions. The degree of decentralization of the prover supply. How many production systems actually use zkVMs? Adoption privacy is demonstrated through user behavior, not a whitepaper. The cost ratio between proving and data publishing. Source: Castle_labs. This article is for informational purposes only and is not investment advice. ZK Ecosystem Map 2026 👇👇 twitter.com/gm_upside/status/2...
ZEC
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Upside GM 👋
🚨 Tether assists Turkey in seizing over $544 million worth of crypto from an illegal gambling ring. Recently, Tether (the issuer of USDT) collaborated with Turkish authorities to freeze and seize over $544 million in crypto, linked to an online gambling and illegal money laundering network. According to authorities in Istanbul, these assets belong to Veysel Sahin, who is accused of operating multiple illegal gambling platforms and legitimizing the proceeds. 👉 A Tether representative stated that when law enforcement agencies provide valid information and requests, they will cooperate in handling the matter in accordance with the laws of each country, similar to how Tether has previously worked with the FBI and the US Department of Justice. 💰 This isn't the only case… According to statistics: Tether and Circle have blacklisted approximately 5,700 crypto wallets. The total value of frozen assets amounts to $2.5 billion. > USDT alone accounts for approximately 75% of the locked wallets. Tether also revealed that it has assisted in over 1,800 investigations in 62 countries, with $3.4 billion USDT frozen due to involvement in illicit activities. However, USDT is still frequently scrutinized for the following reasons: > Often used in money laundering cases Appears in transactions aimed at circumventing sanctions. > Especially USDT on the TRON network, which accounts for a very large proportion of high-risk funds. 🤔 The question is: USDT is the liquidation backbone of crypto, but the possibility of it being frozen at any time might worry you? twitter.com/gm_upside/status/2...
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Upside GM 👋
ICOs are back? Or is it just a Token sale in a new form? Crypto is a cyclical market. Something that once exploded → collapsed → then came back, but never exactly the same as the original version. And ICOs are heading down that path. 📌 From the nightmare of 2017... In 2017, ICOs were the most popular Capital method in crypto. Anyone can Token Sale, anyone can buy them, money is pouring in like a waterfall. But precisely because it was so easy, so fast, and had almost no legal safeguards, ICOs quickly became fertile Shard for overpromises, scams, and widespread failures. After that collapse, "ICO" not only died out, but also became a taboo word for many years. 📌 ...leading to the return of Token sales (no longer called ICOs) Recently, Token sales have been making a comeback, but nobody calls them ICOs anymore. In 2025, projects like Plasma, MegaETH, Monad, and Aztec will implement community raises with total commitments exceeding $2 billion, attracting over 100,000 participants. This comeback is not accidental. On the one hand, the VC-led Capital model is beginning to reveal many problems: retail investors are entering too late, valuations are high, there is low float and high FDV, and many are becoming exit liquidity. On the other hand, new platforms like Legion, Sonar, Kaito, CoinList, and Tally have emerged, opening up more community-friendly, yet still controlled, ways to distribute Token . 📌 Legal aspects: completely different from 2017 If 2017 was the "Wild West," the context is now very different. Europe has MICA The US is discussing the CLARITY Act. > KYC, regional restrictions, and anti-manipulation mechanisms are becoming the standard. Token sales are shifting from a chaotic, unregulated environment to a more transparent, legal, and viable model for both the project and the participants. 📌 Did ICOs really fail? The answer is: not entirely. Ethereum was once bootstrapped through a Token sale. AAVE initially raised Capital through an ICO and has since developed into a full-fledged protocol. The problem isn't the "Token Sale," but rather the legal loopholes and lack of accountability after the Capital. Without guardrails, anyone can deploy smart contracts to raise Capital in minutes and raise tens of millions of dollars without being held accountable to anyone. 📌 New version of Token Sale The current Token sale is no longer a " Token Dump " event. It is part of a long-term launch strategy, which includes: > Controlled price discovery (auction, LBP…) Lock-up, clear vesting Mechanism for reducing front-run and sniping. > Comply with the law from the start. Cases like Plasma, MegaETH, Monad, and Aztec demonstrate that Token sales can be fairer, more transparent, and still attract significant investment. 📌 Crypto fundraising has gone through many cycles. ICO → VC → Hybrid ICOs aren't really "returning" in the old sense. What's emerging is a more mature version of Token sales: less extreme, more transparent, and with a better balance of interests between the team, VCs, and the community. 👉 In your opinion, which Capital model will truly shape the 2026 cycle? 👇 Disclaimer: This article is for informational purposes only and is not investment advice. Source: Castle_labs twitter.com/gm_upside/status/2...
AAVE
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Upside GM 👋
🇻🇳 What is Vietnam doing to achieve double-digit growth? At the national conference on the morning of February 7th, Vietnam set a challenging goal: GDP growth of 10% or more in the coming period, aiming to realize its aspiration of becoming a developed, high-income country by 2045. 🔑 Six major groups of solutions have been identified: > Improve institutions, innovate growth models, reform procedures, and create a transparent business environment. > Taking science and technology, innovation, and digital transformation as the main drivers of growth. > Developing the digital economy, green economy, and circular economy; forming growth poles and key economic regions. Restructuring the economy, developing high-tech industries, modern finance and banking, and high-value-added agriculture and services. > Promote the development of high-quality human resources, ensure social security, and leave no one behind. > Integrating defense, security, and foreign affairs with economic development, and maintaining a peaceful and stable environment. 🚀 3 strategic breakthroughs: Institutional improvement – ​​Science and technology & the private sector – Infrastructure & high-quality human resources. During the period 2021–2025, Vietnam's GDP is projected to grow at an average rate of 6.3% per year, the size of the economy will exceed US$514 billion, and GDP per capita will reach approximately US$5,000, placing Vietnam in the Medium income group. Achieving double-digit growth is a major challenge, but it also serves as a driving force for Vietnam to break through and avoid the Medium-income trap. (Vnexpress) twitter.com/gm_upside/status/2...
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Upside GM 👋
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9 Narratives That Could Lead the Next Crypto Cycle 🚀 Crypto is a market that thrives on narrative. Price fluctuations aren't solely driven by charts, but by the narrative being believed. Currently, many people are asking the question: What narrative will drive the next Bull cycle? Has crypto run out of ideas? According to Matt Hougan's summary: Crypto still has plenty of narrative to play with. Here are 9 narratives worth watching for the next cycle 👇 1️⃣ Revenue – Projects that generate real money Currently, the entire blockchain industry is generating approximately $7-8 billion in revenue annually. As crypto enters the mainstream, this figure could scale to hundreds of billions of dollars. 👉 In the next cycle, projects with genuine on-chain revenue will be scrutinized very closely. This will be a major focus of the next cycle. 2️⃣ AiFi – AI + DeFi AI agents don't need bank accounts. What they need is crypto, stablecoins, and DeFi. 👉 This narrative is still very early on, and its scale is difficult to imagine at this point. 3️⃣ Fading Fiat – The weakening of fiat currency Fiat currency continues to be eroded by inflation. When confidence wavers, money will flow towards hard money. 👉 And Bitcoin is the first name that comes to mind. 4️⃣ Institutional Adoption – Institutional Cash Flow Institutional money flowing into crypto isn't a 1-2 year trend. This is a 10-year mega-trend. Patience is needed. > Ongoing And the scale is measured in trillions of USD. 5️⃣ Regulation – Legal Progress Many people haven't seen the impact yet, but the reality is: The Genius Act won't take effect until 2027. The CLARITY Act is still under development. 👉 Once these legal frameworks are fully implemented, investment Capital and mass adoption will increase in a hockey-stick fashion. 6️⃣ Stablecoin Supercycle – The Supercycle of Stablecoins Stablecoin AUM is currently around $300 billion - that sounds big, but it's not the peak yet. 👉 In the long term: Scale up to trillions, becoming the backbone of the global payment system. 7️⃣ Tokenization - Tokenize assets Currently, only about $20 billion worth of assets have been Tokenize. While: Global stock market: $120 trillion > Bonds: $140 trillion > Real estate: $300 trillion 👉 That means less than 0.1% of assets have been moved onto on-chain. It's still very early days. This narrative is just beginning. 8️⃣ DeFi Resurgence - The Return of DeFi In reality, we've only scratched the surface of DeFi. When: Tokenize assets Optimal protocol for tokenomics The legal framework is becoming increasingly clear. 👉 DeFi could be 100 times bigger than it is now. 9️⃣ Ethereum's "Steve Jobs Moment" Vitalik is returning his focus to Ethereum. It feels quite similar to Steve Jobs returning to Apple in 1996. 👉 ETH may be preparing to enter a whole new chapter. 🧠 In conclusion Not every narrative will succeed. The road ahead will certainly be volatile, full of adjustments and risks. But if we look beyond the current correction phase, the next few years of crypto are still well worth waiting for. What narrative are you guys betting on for the next cycle? 👇 twitter.com/gm_upside/status/2...
MATT
1.58%
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Upside GM 👋
🌟 World gold prices also "roller coaster," rising close to the $5,000 mark. Following a recent decline, world gold prices surged by nearly $190 per ounce, approaching the $5,000 mark. At the close of trading on February 6th, spot gold reached $4,966 per ounce. It is currently trading around $4,938 per ounce. The rally was driven by Dip-hunting, a weakening US dollar, and geopolitical concerns surrounding US-Iran negotiations in Oman. A 0.2% drop in the Dollar Index made gold more attractive to international investors. However, experts believe that the current recovery is not strong enough for gold to reach new highs without a major boost from global economic and political instability. 🔹 Silver prices also recovered, rising nearly $7 to $77.6 per ounce, but still fell sharply over the week. 🔹 Platinum rose 5.4% to $2,093 per ounce, palladium increased 6.2% to $1,717 per ounce. The precious metals market is highly volatile, and investors should exercise caution during this period. (Vnexpress) twitter.com/gm_upside/status/2...
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