IOSG Ventures

Since 1950, in the 19 midterm elections in the United States, the S&P 500 has been higher one year after the election day; Bitcoin has gone through three complete cycles, and its price was also higher one year later. However, this year, before the election, U.S. stocks are close to historical highs, and Bitcoin is still in recovery. IOSG believes that historical averages should not be directly applied.

Whether the market can continue its recovery in 2027 ultimately depends on subsequent corporate profits, liquidity, and capital flows.

Every emerging internet market needs a global layer that allows funds to flow in, move around, and flow out without friction. What Fun does is this layer.

Papertrade's daily revenue is second only to Tether, with a synthetic perpetual protocol that returns 90% of the fees to the losers. In just nine days since its launch, it has achieved a transaction volume of $13.6 trillion, with traders incurring a net loss of $63.2 million, and the price of the PAPER token has doubled.

The most successful companies do not treat cryptocurrency as a speculative asset, but rather as a backend infrastructure that can enhance settlement speed, reduce costs, and expand global financial connectivity. Stablecoins, in particular, are becoming a bridge between traditional financial systems and on-chain markets.

Building blocks are well assembled, but the market has not arrived yet.

Everyone is watching who issues stablecoins, but from a business model perspective, the real focus should be on who controls the distribution channels.

Since 2026, Binance has delisted 42 tokens in the spot market, more than any complete year since 2022.

The money earned from operating these exchanges is about one-fifth of what would be earned by staking the same amount of funds in place.

The truly valuable asset on the tokenized stock line is not Meme coins, nor is it the token issuance platform, but the subscription and redemption channel.