dwf

Market maker and investment institution DWF Labs announced that its affiliated group entity has obtained regulatory approval as a Virtual Asset Service Provider (VASP) from the British Virgin Islands Financial Services Commission (BVI FSC).

DWF Ventures released a report stating that as trading fees continue to approach zero, social trading is becoming a new direction for financial trading platforms to compete for users and build moats.The rise of social trading stems from users seeking validation from others and references for investment decisions. From early brokerage copy trading to investment communities like Reddit and Stocktwits, and now to platforms that combine real position verification, trading signals, and social relationships, social trading is evolving from a simple copy trading tool into a product form that integrates trading, content, and social interaction. As trade execution becomes increasingly homogenized, the future competitive advantage of platforms may come more from network effects, resources of well-known traders, and exclusive information and distribution capabilities.Analysis suggests that social trading platforms are forming a clear growth flywheel: platforms attract well-known traders and their fans, traders build reputations through public trading, fans amplify market influence by following trades, which in turn increases the visibility of traders and the user base of the platform. Public calls for trades may even generate a certain "self-fulfilling" effect in this process.Platforms also lower the entry barriers for users through one-click trading, low-threshold acceptance, trading competitions, and fee incentives, and leverage the social influence of top traders to facilitate user migration. In the future, the social trading ecosystem in the cryptocurrency and traditional stock sectors may further integrate, and platforms that master trader, user attention, and information flow are expected to form stronger network effects.However, social trading also faces significant structural risks. Data shows that among approximately 292,000 wallets analyzed by the Fomo platform over the past three months, only 6.16% achieved profitability based on realized gains. Followers lack independent investment logic and are easily influenced by herd behavior, while there may also be conflicts of interest between traders and followers.Furthermore, even if platforms can verify public positions, traders may still establish undisclosed positions through other wallets, making information asymmetry difficult to eliminate completely. Analysis suggests that as the boundaries between trading and entertainment continue to blur, platforms that can establish unique information layers, gather quality traders, and form network effects may gain an advantage in the competitive social trading market.

DWF Labs co-founder Andrei Grachev published a response to recent market speculation regarding DEXE trading, stating that the relevant transactions can be verified through centralized exchanges. Grachev indicated that the DWF Labs DEXE trading process is as follows: a large purchase of DEXE in 2024, partial selling for profit in 2025, another large purchase of DEXE around October 10, hedging profits in the first half of 2026, and when the funding rate turned negative, being forced to close short positions and increasing cash reserves by selling part of the DEXE spot.Grachev stated that all buying and selling operations were completed through centralized exchanges, where the trading platform holds relevant account information, and criticized some paid KOLs for spreading "misleading information."

According to on-chain analyst Ai Yi's monitoring, DEXE reached an all-time high of $49.432 on July 12, began to decline on July 13, and on July 21, the maximum single-day drop reached 88%, with the price falling from $46.93 to $5.648; within 11 days, the decline reached 96.8%, with the price dropping from $49.423 to $1.56.Ai Yi stated that the large capital flows on-chain are primarily from CEX hot wallets, and no anomalies were found except for Ceffu. The custody platform Ceffu has cumulatively transferred 797,900 DEXE to Binance since July 13, divided into 6 transactions, with a total value of $6.15 million, making it the only entity outside of exchanges to transfer over a million dollars in this token.Ai Yi mentioned that due to the Ceffu MirrorX mechanism, DEXE held in Ceffu will generate a 1:1 mirrored position on the exchange, and on-chain asset transfers will be automatically settled afterward; if this mechanism is used for pre-trading, the 797,900 DEXE would correspond to an actual value of $39.44 million. Ai Yi further stated that public information does not show that the DEXE project party has entrusted the tokens to Ceffu, with most tokens stored in the DAO treasury and team-related lock-up contracts; in the official DEXE partnership list, Falcon has supported DEXE as collateral assets for the platform, and Falcon's asset custody institution includes Ceffu, and Falcon Finance is associated with DWF Labs, which is also on the DEXE partner list. Ai Yi stated that the above conclusions are drawn based on on-chain data and public clues, and does not rule out the possibility of related situations involving the project party or other market makers.

DWF Labs co-founder Andrei Grachev stated on the X platform that BitMine and Strategy have a significant chance of causing the largest market crash in cryptocurrency history. I cross my fingers and pray this doesn't happen, but if it does, users should consider what strategies to adopt if Bitcoin crashes to $10,000 to $20,000.As the crypto market has continued to pull back recently, Strategy, led by Michael Saylor, holds 843,706 BTC at an average price of $75,699, with an unrealized loss of approximately $12.27 billion. The Ethereum treasury company BitMine, supported by Tom Lee, currently holds 5,416,901 ETH at an average price of $3,500, with an unrealized loss of approximately $10.35 billion.

According to on-chain analyst @ai_9684xtpa, the $ESPORTS token experienced a flash crash with a decline of 92%, suspected to be related to DWF Labs.Five days ago, the address 0x7Ef...C10dD deposited 19.9 million ESPORTS (worth 13.9 million USD) to a Kraken address associated with DWF, and the upstream funds of that address are the token deployment address, which is also one of the addresses that contributed to this flash crash, having frequently sold tokens on-chain.

DWF Labs co-founder Andrei Grachev tweeted that the current market is in a "very boring" phase, where most participants can tweet, play memes, or discuss philosophy, but the truly valuable activities are mostly happening quietly, including financing, trading, investing, and business development.He pointed out that this market environment makes it difficult for large projects, exchanges, and companies to make new listings or significant announcements, as high-profile actions often do not yield good results at this time. He suggested that portfolios should remain patient and wait for better opportunities.Grachev emphasized that the market is not heading towards extinction. For now, it only provides great opportunities for those boring activities, such as buying Bitcoin and holding it long-term, or participating in the hype of altcoins. The final decision is yours, but most people end up buying high and selling low anyway. He concluded that there is still much to do as a builder or investor, while small retail investors should keep learning, not cry in the casino, and enjoy this market we chose to enter.

According to Arkham data, at 22:28, the address marked as "DWF Labs" transferred 6 million USDC to an anonymous address (starting with 0x6CC0...).

According to Ember Monitoring, among the top 54 addresses holding SIREN tokens, except for the burn wallet and the Binance Web3 wallet, the remaining 52 addresses are suspected to be owned by the same controlling party. Among these, 48 addresses had previously concentrated SIREN tokens, while the other 4 addresses' SIREN can be traced back to purchases made between the end of June and the beginning of July last year. This controlling party holds a total of 644 million SIREN, accounting for 88.5% of the total supply, valued at $1.44 billion.Ember pointed out that the controlling party profits by controlling almost all spot supply and utilizing contracts, which is the reason for SIREN's 30-fold increase within a month and a half. This controlling party is suspected to be DWF Labs, which holds 3 million SIREN in its public wallet, and after transferring SIREN, there was a concentrated accumulation of 66.5% of the tokens the next day.

According to Arkham data, at 18:09, 2,999,900 SIREN (worth approximately $2.73 million) was transferred from DWF Labs to an anonymous address (starting with 0x4Df6...).

DWF Labs managing partner Andrei Grachev posted on X platform, stating that some media have spread misinformation about his claim that "altcoins will never rise."He indicated that the current market is in a phase of activation and expansion, suggesting to pay attention to actual market performance, and reminding that one should not blindly trust media reports, but rather judge based on original information sources. Previously, he disclosed that he had increased his holdings in altcoins, Bitcoin, and BNB in February of this year, and plans to wait for a market rebound.

DWF Labs partner Andrei Grachev tweeted, "Last month we accumulated a lot of air coins, altcoins, Bitcoin, and BNB. Wait for the market rebound, and you will see an unprecedented market activity."

DWF Labs analyzed social media posts and concluded that the cryptocurrency market is currently in the volatile phase at the end of a bear market, with Bitcoin prices having fallen to around $67,000, liquidity decreasing, and leveraged positions being liquidated. The pullback at the beginning of this year peaked when Bitcoin briefly touched around $60,000, before rebounding to near $70,000. Earlier this year, Bitcoin spot ETFs saw outflows of $2.9 billion over 12 trading days, and institutional investors failed to alleviate the market decline.Andrei Grachev, a partner at the firm, believes that the crypto market is nearing the bottom, with Bitcoin prices likely to fluctuate about 15% around current levels. DWF Labs stated that seasoned investors recognize that the end of a bear market is often the worst phase, after which quiet accumulation will begin. Some institutional investors are taking this opportunity to buy Bitcoin below $70,000. Meanwhile, venture capital firms are actively investing in infrastructure, physical asset tokenization, and long-term sustainability projects. Macroeconomic factors continue to dominate the trends in the crypto industry.

DWF Labs founder Andrei Grachev stated, "I believe the crypto market is now close to the bottom, with Bitcoin prices possibly experiencing around 15% volatility. This does not mean that there can only be upward movement afterwards, but it will drive more funds into the market. Although professional investors are still deploying capital, especially into RWA (real-world assets) and projects with large-scale and bold visions, there is almost no capital inflow from direct market purchases.In my view, making a new project popular and attracting attention is much easier than reviving and promoting old projects. This is also why I believe that most altcoins will rise after this bear market, except for those that truly have real business and business development—these will naturally be driven up by the overall market's future growth.Retail-driven trading volume, or what you might call foolish trading, is currently mainly flowing into PumpFun, with some going to Polymarket, but the world will not change because of this. When the market starts to recover and coin prices begin to rise, these people will follow suit, buying what whales are currently buying, as well as the new tokens I mentioned earlier. Behind the scenes, merger and acquisition activity is very active, with many projects and companies being acquired, some of which are planning to go public with at least some revenue. Because the long-term growth of the crypto industry is not in question, it's just a matter of time; the issue is survival rate."

According to Arkham data, at 22:45, the address marked as "DWF Labs" transferred 2.8 million USDT to an anonymous address (starting with 0xcF48...).

According to Onchain Lens monitoring, DWF Labs withdrew 6.93 million FXS (worth 5.41 million USD) from Binance.

DWF Labs co-founder Andrei Grachev posted on X platform that just at the beginning of this year, DWF Labs has already completed its first $1 million seed round investment in a DeFi project. More details and transaction information will be announced later.

Digital asset market maker DWF Labs co-founder Andrei Grachev posted on the X platform that they have received one kilogram of gold with a purity of 999.9% from DWF Labs' gold trading department. The institution's plan for 2026 is to expand its gold trading business and increase its gold reserves. They have already started offering gold "retail" delivery services, with a minimum purchase size of one kilogram, and will subsequently launch more real-world asset (RWA) initiatives.

DWF Labs stated in a social media post that perpetual contracts (Perps) will become a key metric for crypto market sentiment in 2026. Compared to spot trading, perpetual contracts can compress market beliefs into real-time signals, including funding rates, open interest, trade volume quality, liquidations, and position behavior.DWF Labs also announced that its $75 million DeFi fund will support the infrastructure driving this momentum, covering perpetual contracts, money markets, and yield protocols that can scale with actual demand. The institution stated that the perpetual contract market is expected to introduce significant new liquidity in 2026.Additionally, the report mentioned that the crypto industry had completed a self-reconstruction before 2026, with the scale of real-world assets (RWAs) growing from $4 billion to $18 billion, while the stablecoin market increased by 50%.