KCV Dubai Token 2049 Observation Sharing cc: @MiaX2100 @KuCoinVentures - Out of the 7 title sponsors, 5 are CEXs. The Side Events of each CEX are a competition of luxury, with various high-end hotel rooftop bars. - There is a circulating opinion among second and third-tier offshore CEXs that this year might be the last period for regulatory arbitrage benefits. - Only CEXs, MMs, and major blockchain projects can afford the main venue booths, while other projects are barely visible. - At the Side Events, various project parties are seeking listing exits. Some, when asked about financing, first respond with "Are you still investing now?" Indeed, many VCs, especially those raising LPs, have recently stopped investing, but some overseas VCs are relatively more open. - Five out of ten small to medium-sized VCs/incubators say they want to transform into KOL Agencies, but those who have been doing KOL/Marketing Agencies for a long time indicate that profit margins are shrinking. - Solana maintains its usual high popularity, the Bitcoin ecosystem still has some warmth, while the ETH ecosystem seems to remain quiet. - Sui Basecamp did quite well, and even with a $299 ticket, it didn't affect its popularity. The ecosystem continues to bet on DeFi and gaming sectors. - Sonic continues to extend the AC tone, mainly promoting DeFi. The recent main theme is pushing CEXs to integrate Sonic Native USDC deposit and withdrawal services, and supporting native projects. - A batch of traditional trading-related DeFi projects has emerged, or AI Agents wrapped as AI+TradFi, though most are just riding the concept.