CREDIT SCEND

Credit Scend H1 2026 Roundup: Building Deep, Expanding West, and Staying the Course As we reach the midpoint of 2026, the broader Web3 market has undeniably toned down its frantic pace. But while the speculative noise has cooled, our engines haven’t. At Credit Scend, the past six months have been defined by a deliberate shift in strategy: moving away from the chaotic race for eyeballs and doubling down on what truly matters—deepening relationships, supporting our portfolio companies, and expanding our global footprint. Here is a look back at where we’ve been in H1 2026, how our approach is evolving, and where we are heading next. 🌍 Our Global Footprint: H1 2026 We’ve kept our boots on the ground across major crypto hubs worldwide, bridging insights between the East and the West: Consensus Hong Kong (Feb 2026): Kicking off the year by tapping into the revitalized East Asian institutional pipeline. ETH Seoul (April 2026): Returning to our core roots to sync with builders pushing the boundaries of Ethereum infrastructure and consumer apps. Consensus Miami (May 2026): Touching down in the US to gauge the Western regulatory landscape and connect with stateside capital. Crypto Valley Conference (May 2026): Navigating the pristine ecosystem of Zug, Switzerland, to solidify our ties with institutional digital asset players in Europe. ♟️ The Strategic Pivot: Quality Over Noise If 2024 and 2025 were about massive, flashy side events, H1 2026 has been about high-signal, intimate execution. Recognizing the shift in market maturity, we intentionally dialed back on hosting mega-side events. Instead, our focus pivoted toward Private Dinners and Targeted Engagement. By curating exclusive rooms of high-conviction VCs, strategic founders, and key ecosystem players, we’ve been able to drive tangible, bespoke value directly to our portfolio companies. In a quieter market, a closed-door conversation with the right partner beats a 500-person party every single time. 🗺️ Westward Expansion & Navigating Geopolitical Waves Historically anchored with a strong APAC presence, we have taken this slower market period as a prime opportunity to aggressively expand our reach into the Western world. Our presence in Miami and Zug marks the acceleration of this thesis, building cross-border corridors that give our portfolio companies a truly global launchpad. Of course, global expansion requires navigating global realities. Due to unfolding geopolitical complexities, we made the strategic decision to skip Dubai this spring. While it’s always tough to miss a major industry node, protecting our team's focus and resources remains our top priority. 🔮 Looking Ahead: All Roads Lead to Singapore The market might be catching its breath, but the underlying builder conviction hasn’t wavered. We are heads-down, executing, and sharpening our focus for the latter half of the year. While we bypassed the desert this time around, the global crypto community always finds its center of gravity. We fully expect the entire ecosystem to converge on our home turf for Token2049 Singapore later this year. See you all in Singapore!

Hyperliquid is quietly showing where leveraged capital is rotating right now. Total platform OI sits around $7.1–7.3B (with some reports hitting $10B+ recently). Core crypto perps still dominate absolute size, but the structural growth has come from HIP-3— permissionless perps on equities, indices & commodities. HIP-3 key stats: Launched Oct 2025 OI grew from ~$790M (Jan 2026) to peaks of $3.2B+ by June 2026 (one report showed +305% in that period) Currently contributing ~$2.8–3.1B OI (often 25–40% of total platform) Trade.xyz alone owns ~90%+ of HIP-3 What’s actually getting the capital? Many top HIP-3 markets by OI/volume are AI/tech equities & macro: S&P 500 & Nasdaq-style proxies (XYZ100) NVDA (Nvidia perp OI has been significantly higher than on Binance) Memory/AI chip names (MU, SK Hynix) Oil, gold, silver Pre-IPOs (SpaceX, OpenAI, etc.) As of mid-2026 reports, ~23 of the top 30 assets by OI on the whole platform were equities/commodities, not pure crypto pairs. This lines up perfectly with traditional markets in H1 2026: Philadelphia Semiconductor Index: +102% Magnificent 7: roughly flat to -2% Bitcoin: -33% Hyperscalers are pouring hundreds of billions into AI infrastructure. Leveraged/speculative capital is following — and Hyperliquid’s 24/7 on-chain perps make it easy to get synthetic exposure outside traditional market hours. Bottom line: Hyperliquid started as a crypto perp DEX. It’s evolving into a hybrid venue where new risk capital is heavily allocating to AI stocks & real-world macro via HIP-3, even while core crypto majors (BTC, ETH, HYPE, SOL) remain the largest individual markets. The marginal dollar chasing growth is tilting toward AI infrastructure — on-chain and off. Sources: Hyperliquid dashboards, Dune Analytics (21Shares & others), Grayscale notes, market reports (June–July 2026 data). What do you think — rotation or just temporary flow? 👀

@KiKi_Blockverse @BoredApeYC @mfigge @Apesofkorea @ApeChainHUB 🔥🔥🔥

드디어 4년 존버 끝에 유가랩스의 한국 진출을 담당하게 되었습니다 🇰🇷 커뮤니티가 재밌어서 계속 즐기다 보니까 이런 재밌는 기회도 오는 것 같아요 앞으로도 원숭이 클럽, 아더사이드, 에이프코인 그리고 유가랩스의 한국 가이드로 잘 수행해보겠습니다! Trust me, im your fav korean ape 😉

Credit Scend 100x Playbook: What Actually Matters in Crypto & Markets today. DeFi’s Mismatch: Complex protocols attract retail users who need abstraction layers to prevent systemic contagion. VC Reality: Most crypto VCs underperform a simple BTC/ETH buy-and-hold strategy, relying instead on packaged narratives. Analyzing Nations: The least-biased way to understand a country is through its top enterprises, not culture or politics. TradFi/DeFi Symbiosis: They aren't competitors; they depend on each other for efficient global distribution. PMF over Hype: Markets ignore ideological narratives; only real product-market fit (PMF) is rewarded. Stablecoin Dominance: Crypto's greatest success, effectively extending USD hegemony globally. AI's Limit: AI compresses information but cannot compress trust, making authentic human relationships more valuable than ever. Founder Archetype: Elite founders often seem "weird" early on; success lies in betting on substance over optics.

🚀 We're excited to announce that @credit_scend is backing and investing on @iotraderio! One of APAC's most hands-on Web3 venture firms is now part of the IO Trader journey. Credit Scend doesn't just invest, they build alongside founders. The kind of partner every project needs. #IOTrader #IOI #CreditScend #Web3 #DeFi #VentureCapital

The Signal is Returning: Our ETHDenver 2026 Takeaways 🧵 Our team just flew in from Hong Kong to Denver, and the shift in energy is jarring. While Asia is still a playground for "hunters and prowlers" searching for alpha, Denver has fallen into a state of pure silence. Here is what Credit Scend is seeing on the ground: 1. The East vs. West Great Divide 🌏🏔️ In Hong Kong, the energy is aggressive; the Web3 Festival and Consensus HK were packed with institutional "prowlers" and high-conviction liquidity. Denver, by contrast, feels like a "silent build" phase. The noise has been replaced by a heavy, snowy quiet. 2. The Death of the "Side Event" Era 📉 Industry data suggests confirmed side events for ETHDenver are down nearly 80% from their peak. We felt this on the ground: no airport takeovers, no sponsor-funded mega-clubs, and no flashy scams. It’s easier to get a taxi than a party invite, and honestly, that’s a relief. 3. VCs are in "Hibernation" 🐻 The common refrain from the VCs we spoke with? "We aren't deploying right now." There’s a palpable sense of gloominess, and many are still cynical about structural shifts or mourning their failure to sell at the last peak. 4. High Signal: Stablecoins & RWA ⛓️ The ratio of meaningful conversation to noise is at an all-time high. People are ignoring NFT games and "pump" models to focus on the last frontier: - Tokenization of Commodities - Stablecoin Infrastructure - Institutional TradFi Transitions - Real Product-Market Fit (PMF) The Verdict: Denver is cold, windy, and quiet. But for a team like Credit Scend, the silence is where the real work happens. The tourists are gone. Only the builders remain. Now the question is who can last?

I spent my Halloween, Christmas, and even the Lunar New Year in the air. And now I'm at the Denver Airport. Once I Look back to 2025 that passed by in such a blur of ceaseless tasks, I even can not recall how the days were passed. Through that grinding ourselves, we have managed to achieve our first meaningful milestones. ​As we head into 2026, I am aiming for even greater success with you, all. In 2025, I think I drank somewhere between 3,000 and 4,000 cans of Monster Energy to keep up with my pace & to be wide awake. This year, my personal goal is to cut that down to under 1,000 cans, to more focuse on sustainable growth for both myself and our company. ​To my beloved team @credit_scend, I couldn't be here without you. You bet your youth and your health on me and my vision. I am truly happy bcuz I can sense the time is finally coming, the time that I can repay a bit for that immense trust, belief & dedication from your heart. ​2025 was a year I can look back on without shame. I believe our 2026 will be a year we can all truly be proud of ourselves. ​To everyone, whether you are here with me on the ground or watching over me from above, thank you for your love and support. ​With love and gratitude to you. Yours, Wayne.

Bullshot has successfully raised $7.5M in private funding! Backed by an incredible group of investors: @animocabrands , B1 Ventures, RG Ventures, @tbvxyz , @awscloud , @credit_scend , @Poolz__ @genesiscapital_ , @BeckerVentures m @oneamcap @xCryptoParadise, InvestDR, @panorayventures leading family offices, and more. This marks a major milestone in Bullshot’s journey a strong validation of our product, our traction, and the conviction behind what we’re building. This raise accelerates platform development, ecosystem growth, and global expansion, moving Bullshot closer to its mission of powering the next generation of meme token creation and trading on BNB Chain. With 70k+ tokens already created and strong on-chain activity, Bullshot is quickly becoming infrastructure for the meme economy. This is a shift from hype-driven launches to sustainable, community-powered token ecosystems. From quick flips to creator-driven value.

Apes are out here in Korea with @ApeChainHUB x @BoredApeYC 🍌🇰🇷 Love the energy and huge thanks to everyone who pulled up, special thanks to @MYAIPETS @fomoscan and @BoredBrain_ Can’t wait to see what we build next! And KBBQ is a banger 🦍🔥

🦈 2026–2027 Roadmap Announcement Baby Shark Universe is gradually expanding its Web3 ecosystem by connecting content, platform, and community, built on the globally proven Baby Shark & Pinkfong IP. Below is the official 2026–2027 roadmap for Baby Shark Universe. ⸻⸻⸻⸻ 🔹 2026 Roadmap IP-Driven · Multichain · Content Platform 🟢 Q1 2026 | Infrastructure & On-Boarding • Introduction of the X402 on-boarding system A user-friendly structure that allows participation without wallet creation • Layer0-based Base multichain expansion Building a multichain infrastructure centered around Base • Activation of core BSU token utilities Linking platform activities, content participation, and community rewards • Expansion of the global community and strengthened communication with partners and exchanges 🟡 Q2 2026 | Baby Shark Universe Content Platform Launch • Official launch of the Baby Shark Universe content platform • Games • AI-powered educational content • Video content • Merchandise and digital items • A structure where users can naturally earn tokens through content consumption and participation • User experience designed around Play / Watch / Learn / Participate • A sustainable platform structure with token circulation in mind • Release of collaborative content through major partnerships 🟠 Q3 2026 | Digital Ownership • Utility focused on content access, memberships, and benefits • Expanded linkage between digital assets and real-world experiences 🔵 Q4 2026 | Commerce & Ecosystem Expansion • Production of customizable merchandise and figures • Global commerce expansion • Testing of community-participation-based operational models • Advancement of token structure for long-term ecosystem growth ⸻⸻⸻⸻ 🔹 2027+ Roadmap IP & Platform Expansion 🌐 IP-Based Platform Expansion • Expansion of diverse digital and content experiences using the Baby Shark IP • Increased collaboration with external partners and brands • Establishment of an IP-centered platform expansion structure 🧸 Physical × Digital Integration • Stronger linkage between physical products and digital experiences • Expanded structures providing digital benefits with physical purchases • Enhanced user experiences connecting online and offline environments 🎓 Education & Family-Oriented Ecosystem • Expansion of AI-powered educational content • Development of child- and family-friendly content and platform environments • Ecosystem operations designed with trust and stability in mind 🪙 Sustainable Token Utility • Token usage centered on platform participation and service utilization • Long-term, stability-focused token economy design • Progressive enhancement of utility as the ecosystem expands ⸻⸻⸻⸻ 📌 Closing Baby Shark Universe will continue building a globally accessible ecosystem through platform expansion powered by content and technology.

WARSH REPRICING THE GAP BETWEEN FEAR AND REALITY The nomination of Kevin Warsh on January 30 has triggered a classic buy the rumor sell the news event with a twist. While the market has aggressively priced in the fear of a hawkish Fed chair, it has completely ignored the incoming dovish catalyst of mid-year rate cuts. THE TIMELINE OF THE FRONT RUN The market didn't wait for the official Truth Social post. Polymarket odds climbed from 60% to 93% in the weeks leading up to the announcement, and Bitcoin responded accordingly: Jan 16: Warsh odds at 60% (Market begins to hedge) Jan 28: Bitcoin peaks at $89K Jan 30: Warsh officially nominated (The drop to $78K) Feb 5: Bitcoin bottoms near $72K (A total -19% drawdown) THE SCHIZOPHRENIC NARRATIVE The market is currently punishing risk assets based on Warsh's historical hawkishness from 2006-2011. However, the data suggests a different reality for 2026: Bear View: Warsh is an inflation hawk who will prioritize QT and balance sheet reduction over rate cuts. Bull View: Warsh has explicitly aligned with Trump's 2025 push for lower rates. Analyst Robin Brooks even predicts 100bps of cuts by October to match an AI-driven disinflationary thesis. BITCOIN AT THE INFLECTION POINT With Bitcoin reaching MVRV 1.0, we are entering a deep value zone where the risk/reward ratio flips. 1. Hawkishness is Priced: The 19% crash reflects the market's worst fears. 2. Rate Cuts are Not: Polymarket shows a 60% probability of a June cut, but Bitcoin is trading like it expects a pause. 3. Negative Carry Flip: The high opportunity cost of holding BTC is disappearing as the 4-6 month countdown to cuts begins. EXPECTED VALUE BREAKDOWN Bear Case (30% Prob): Further drop to $65K. Impact: Temporary paper loss, average in lower. Base Case (50% Prob): Rally to $90K by June. Impact: +25% return. Bull Case (20% Prob): Aggressive 100bps cuts drive BTC to $115K. Impact: +60% return. Expected Value: +27%. This is a mathematically superior trade to hold a long for 2026.

Trading on Binance Alpha for $SPACE opens soon. Happy TGE day, @Spacecoin Cadets! And with the first of many milestones to come today, we're officially declaring 1/23 as Cadets Day 🛰️ Onward and upward!

THE GREAT STAGNATION OF 2025 $BTC Despite the noise, Bitcoin has effectively been range-bound for nearly a year. While the initial post-election period saw a violent repricing, the last 12 months have been defined by chop, not the "super cycle" moonshot many predicted. Here is the breakdown of why price action has stalled since the 2024 election. PHASE 1: THE TRUMP TRADE (NOV 2024 - JAN 2025) ------------------------------------------------ Immediately following the November 5th victory, Bitcoin staged its most aggressive move of the cycle. - Starting Price: ~$69,000 (Election Day) - Ending Price: ~$103,000 (Inauguration Day, Jan 20, 2025) - Driver: Pure speculation on the "Crypto President" narrative. The market priced in 4 years of policy changes in 8 weeks. - Result: A 45% rally that front-ran the actual events. By the time Trump took the oath, the easy money had already been made. PHASE 2: BUY THE RUMOR, SELL THE NEWS (MAR 2025 - OCT 2025) ------------------------------------------------ The "Strategic Bitcoin Reserve" Executive Order was signed on March 6, 2025. In any other cycle, this would have sent price to $200k. In 2025, it became a "sell the news" event. - The Peak: Bitcoin ground its way to an All-Time High of ~$126,000 in early October 2025. - The Catalyst: The 90-day tariff pause with China and the formalization of the US Digital Asset Stockpile. - The Failure: Institutional buying was absorbed by massive profit-taking from long-term holders (2016-2020 whales) who used the government news as exit liquidity. PHASE 3: THE LIQUIDATION & "ICE AGE" (OCT 2025 - PRESENT) ------------------------------------------------ - October 10 Event: A leverage flush drove BTC from $126k back to $110k in days. - Macro Headwinds: Renewed trade war tensions in late 2025 spiked the dollar and crushed risk assets. - Retail Apathy: Google Search trends for "Bitcoin" dropped 50% YoY. The retail crowd chased AI stocks and Silver (which hit $95/oz), ignoring crypto. CURRENT STATE: JANUARY 2026 ------------------------------------------------ - Current Price: ~$91,000 - $92,000 - Net Move (1 Year): Down ~12% from the inauguration price of $103k. - Net Move (Since Election): Up ~30%, but all gains occurred in late 2024. - Sentiment: "Ice Age." Volumes on major exchanges like Upbit and Coinbase are down 7-fold compared to early 2025. Bitcoin hasn't "moved much" because it is trapped between two massive forces: 1. Support ($85k): Sovereign buying (US Strategic Reserve floor). 2. Resistance ($120k): Macroeconomic tightening and lack of new retail capital. We are currently in a "sovereign accumulation range"—boring price action designed to transfer coins from impatient retail traders to patient state actors. Image Credits @ARKInvest

@TravisW555 @sealcoin_ai Yes, as the company grows, we are expanding our team across multiple countries.

@sealcoin_ai Moved from Switzerland to West Asia

@binance 7^{58}

It takes a high IQ to answer this.

@XCreators Here is our official submission to the cause. x.com/credit_scend/s…

We’re trying something new: we’re giving $1 million to the Top Article of the next payout period. We're doubling down on what creators on 𝕏 do best: writing. In 2026, our goal is to recognize high-value, high-impact content that shapes conversation, breaks news and moves culture.

The "Silent Accumulation" Phase $BTC price is boring, but the on-chain data is screaming value. We are seeing a massive divergence: Price is flat ↔️ Fair Value is rising 📈. Our AHR999 model shows we are sitting right on the "Fair Value Baseline." This is the zone where smart money accumulates while retail gets bored. Does buying the "Boring Zone" work? We backtested this specific setup ($10k starting portfolio): 📉 Buy & Hold: $34,474 (+244%) 📈 AHR Swing Strategy: $60,693 (+507%) The Rules: 🟢 BUY (<0.65): Aggressive Accumulation (Current Zone). 🔴 SELL (>1.70): Profit Taking (Mania Phase). 2026 Outlook: The floor is rising. Risk: ~$85k (Strong Support) Target: $200k+ (Mean Reversion) We are treating the current $90k-$100k range as a gift. Accumulate the drift.