[Report] Digital Asset Treasury: From Premium to Multiple Digital Asset Treasury companies are publicly listed firms that hold digital assets such as Bitcoin as core assets on their balance sheets, while engaging in capital raising and revenue generation. Originating with Strategy, the model has recently expanded to include diverse cases such as Metaplanet and DeFi Development. • The Archetype of Premium: Strategy’s NAV premium stems from its relatively high accessibility and volatility compared to its underlying assets. Through additional capital raising, it established a financial engineering flywheel that actively capitalizes on this premium. • Expansion and Differentiation: Metaplanet has adopted a rapid BTC accumulation strategy driven by reliance on specific external capital. Meanwhile, Sol Strategies and DeFi Development have differentiated themselves as operational DATs by monetizing through Solana staking and DeFi integrations. • Multifaceted Risks: The DAT model contains inherent structural vulnerabilities, including premium collapse (structural risk), dependence on underlying asset prices (market risk), and debt repayment pressure (financial risk). These risks become amplified during bear markets, leading to potential downward spirals. • Challenges for Sustainability: Mere asset accumulation is only the initial step toward securing working capital for business operations. To build sustainable market presence, DATs must engage in active asset management or develop new business strategies utilizing digital assets. On-chain and off-chain monetization models, along with platform-based businesses, are essential for converting temporary premiums into sustainable market multiples. The full report "Digital Asset Treasury: From Premium to Multiple" written by @Earl_Senor and @Touslesjours_70 can be accessed through the links below⤵️ ENG: KOR: JPN:

Thank you guys for attending our Mitosis & Friends Seoul event. It was a pleasure meeting you chads with your IRL avatars. Shout out to the @DeSpreadTeam team and @co_cobling for helping out with the event!

Here's a tip for many projects that no one will tell you: While Twitter is filled with AI comments and quest-driven noise, the real conversations are happening on Telegram. In Korea, everything happens on Telegram. Koreans are just using Twitter to farm. So, refrain from claiming, "we have an amazing Korean community," because the mindshare on X, heavily driven by incentives, is up for a few weeks. Double down on where real conversations are happening.

Korean Mindshare on pre-tge DeSpreadLabs monitors more than 900 Korean TG chat and analyzes the data to measure mindshare. Most Korean retails are more active on TG than on X. 1st: @AbstractChain 2nd: @AlloraNetwork 3rd: @Backpack 4th: @boundless_xyz 5th: @monad_xyz

For the first time since our legal victory in the Seoul High Court and Supreme Court, our leadership team will be heading to Seoul, Korea as a part of Sonic's Asia expansion. Join the team @michaelfkong @SjHarcourt @SonicAssistant @seasun0x @miumiuqin on July 17th to learn more about Sonic's technology and community. @DeSpreadTeam @FACTBLOCK @Coiniseasy. 서울에서 소닉랩스를 만나보세요:

Meet the engine of Programmable Liquidity here

Our conviction in Bitcoin’s long-term growth remains unshaken. We’re excited to see @PortaltoBitcoin emerge as the era’s gateway, and look forward to Portal unlocking new possibilities in the Bitcoin economy.

Amazing turnout at the HypurrCorea: @HyperliquidX Builder Meetup! Loved exploring the Hyperliquid Ecosystem and the innovative projects on HyperEVM. HypurrCorea Hyperliquid

Just wrapped up the HypurrCorea: Builder Meetup 🇰🇷 Co-hosted by @SKYGG_Official & @DeSpreadTeam, this was a builders-focused event around the HL ecosystem. From validator insights to dApps deep dives, the energy, depth, and builder spirit were next-level. Hyperliquid.

[Report] A Strategic Framework for the Coexistence of the Three Pillars of Digital Currency This report aims to analyze the global issuance and circulation mechanisms of digital assets that claim to function as legal tender, and to propose regulatory directions and growth strategies that should be adopted by Korean policymakers and industry stakeholders. Readers in other jurisdictions are encouraged to interpret the findings within the context of their own regulatory environments. Key Points - CBDCs and stablecoins are not substitutes but complements, reflecting the traditional dual structure of central bank money and commercial bank money in a digital context. - Bank-issued stablecoins are optimized for wholesale settlement and institutional trust, while non-bank stablecoins serve retail economies and Web3 ecosystems—together forming a parallel framework. - As demonstrated by initiatives like Project Agorá, CBDCs are essential for cross-border settlement due to their legal finality, protection of monetary sovereignty, and governance neutrality. - To balance monetary sovereignty with innovation, Korea should pursue a dual-track approach: allowing non-bank stablecoin experiments within regulatory sandboxes, while promoting institutional stablecoins led by commercial banks. The full report "A Strategic Framework for the Coexistence of the Three Pillars of Digital Currency" written by DeSpread Head of Strategy @Earl_Senor can be accessed through the links below⤵️ ENG: KOR: JPN: ZH: