Coinstelegram

Bitcoin’s current market structure increasingly resembles the early stages of a bear market rather than a routine correction, according to new analysis from CryptoQuant.

The firm highlights a key on-chain metric that has historically marked periods of structural weakness. Bitcoin Adjusted SOPR (aSOPR) has dropped back toward the 0.92–0.94 zone — a level that historically marked major bear market stress points.

They mentioned, that In 2019 and 2023, similar readings occurred during deep corrective phases where coins were being spent at a loss.

Each time, this zone represented capitulation pressure and structural reset.

The Adjusted SOPR measures whether coins moved on-chain are being sold at profit or loss. When the indicator drops below 1, it signals that, on average, holders are realizing losses — a behavioral shift that typically emerges during structural downtrends. According to CryptoQuant, the return to the 0.92–0.94 range suggests the market is entering a phase of sustained stress rather than experiencing a short-term pullback.

Cryptoquant added, that At the moment, we are entering stress territory — but not yet at extreme capitulation levels.
This distinction is crucial. In previous cycles, confirmed bear-market bottoms formed only after deeper compression and widespread capitulation. Current levels indicate deterioration, but not yet full exhaustion of selling pressure.

ETF Flows Show Defensive Positioning

Spot Bitcoin ETF data reflects a similar tone. On February 13, Daily Total Net Inflow recorded $15.20 million. While the figure remains positive, it does not signal strong institutional accumulation. Instead, flows appear muted — suggesting cautious positioning rather than aggressive capital deployment. In other words, capital has not fled the market — but it is not stepping in decisively either.

Sentiment at Extreme Fear

Market sentiment further supports the stress narrative. The Fear & Greed Index currently stands at 12, categorized as Extreme Fear.

Last week, the index dropped to 8 — levels typically observed during heavy corrective phases. Although extreme fear can coincide with local bottoms, it more often aligns with deeper structural resets rather than immediate reversals.

According to CryptoQuant, aSOPR is signaling structural deterioration and increasing market stress. The data suggests the market may be transitioning toward bear-market conditions rather than simply undergoing a temporary dip.

ETF inflows remain positive but subdued, and sentiment has entered extreme fear territory. However, historical patterns indicate that a durable bottom may require deeper compression before a sustainable reversal forms.
At this stage, the signals point to structural weakening — not recovery.

Bitcoin’s current market structure increasingly resembles the early stages of a bear market rather than a routine correction, according to new analysis from CryptoQuant.

The firm highlights a key on-chain metric that has historically marked periods of structural weakness. Bitcoin Adjusted SOPR (aSOPR) has dropped back toward the 0.92–0.94 zone — a level that historically marked major bear market stress points.

They mentioned, that In 2019 and 2023, similar readings occurred during deep corrective phases where coins were being spent at a loss.

Each time, this zone represented capitulation pressure and structural reset.

The Adjusted SOPR measures whether coins moved on-chain are being sold at profit or loss. When the indicator drops below 1, it signals that, on average, holders are realizing losses — a behavioral shift that typically emerges during structural downtrends. According to CryptoQuant, the return to the 0.92–0.94 range suggests the market is entering a phase of sustained stress rather than experiencing a short-term pullback.

Cryptoquant added, that At the moment, we are entering stress territory — but not yet at extreme capitulation levels. This distinction is crucial. In previous cycles, confirmed bear-market bottoms formed only after deeper compression and widespread capitulation. Current levels indicate deterioration, but not yet full exhaustion of selling pressure.

ETF Flows Show Defensive Positioning

Spot Bitcoin ETF data reflects a similar tone. On February 13, Daily Total Net Inflow recorded $15.20 million. While the figure remains positive, it does not signal strong institutional accumulation. Instead, flows appear muted — suggesting cautious positioning rather than aggressive capital deployment. In other words, capital has not fled the market — but it is not stepping in decisively either.

Sentiment at Extreme Fear

Market sentiment further supports the stress narrative. The Fear & Greed Index currently stands at 12, categorized as Extreme Fear.

Last week, the index dropped to 8 — levels typically observed during heavy corrective phases. Although extreme fear can coincide with local bottoms, it more often aligns with deeper structural resets rather than immediate reversals.

According to CryptoQuant, aSOPR is signaling structural deterioration and increasing market stress. The data suggests the market may be transitioning toward bear-market conditions rather than simply undergoing a temporary dip.

ETF inflows remain positive but subdued, and sentiment has entered extreme fear territory. However, historical patterns indicate that a durable bottom may require deeper compression before a sustainable reversal forms. At this stage, the signals point to structural weakening — not recovery.

Bucharest, Romania – March 1-2, 2026 – The countdown has begun for one of the most anticipated crypto events in Europe. Crypto Expo Europe returns to the Radisson Blu Hotel in Bucharest for its 4th edition—bringing together the brightest minds in blockchain, DeFi, and digital assets for two high-impact days of innovation, networking, and opportunity.

Recognized as Eastern Europe’s premier crypto and blockchain conference, Crypto Expo Europe continues to attract top-tier talent, industry-leading platforms, and fast-growing Web3 startups from across the continent and beyond.

Book your pass today using the cod XXXX for 30% discount https://cryptoexpoeurope.com/

A Powerhouse of Insight and Innovation

More than just a conference, Crypto Expo Europe is a strategic gathering point for crypto professionals, institutional leaders, tech builders, and investors. With a curated agenda that dives deep into Web3 disruption, AI x blockchain convergence, real world asset tokenization, and regulation, this event offers real insights—and real opportunities.

What to expect in 2026:

A star-studded speaker lineup from top exchanges, DeFi platforms, and VC funds

80+ exhibitors showcasing the future of digital finance

Investor pitch sessions and exclusive business matchmaking

Over 3,000 attendees from across the crypto ecosystem

From casual networking to high-stakes dealmaking, every moment at Crypto Expo Europe is designed to deliver value.

A Legacy of Excellence Previous editions have welcomed industry giants such as Binance, Kraken, Crypto.com, 1inch, and Bitget—positioning the event as a trusted hub for blockchain progress in the region. Whether you’re launching a product, raising funds, scouting investments, or simply staying ahead of the curve, Crypto Expo Europe is where the future of crypto happens.

If 2026 is your year to make moves in Web3—this is your starting line.

Who Should Attend?

● Web3 Startups seeking visibility, partners, and funding

● Corporate Leaders exploring blockchain use cases

● VCs and Investors looking to discover the next big thing

● Builders and Developers ready to showcase tech and talent

● Media and Influencers tracking European innovation

Event Details Radisson Blu Hotel, Bucharest March 1–2, 2026 https://cryptoexpoeurope.com/ office@cryptoexpoeurope.com Connect with us on LinkedIn

Bucharest, Romania – March 1-2, 2026 – The countdown has begun for one of the most anticipated crypto events in Europe. Crypto Expo Europe returns to the Radisson Blu Hotel in Bucharest for its 4th edition—bringing together the brightest minds in blockchain, DeFi, and digital assets for two high-impact days of innovation, networking, and opportunity.

Recognized as Eastern Europe’s premier crypto and blockchain conference, Crypto Expo Europe continues to attract top-tier talent, industry-leading platforms, and fast-growing Web3 startups from across the continent and beyond.

Book your pass today using the cod XXXX for 30% discount
https://cryptoexpoeurope.com/

A Powerhouse of Insight and Innovation

More than just a conference, Crypto Expo Europe is a strategic gathering point for crypto professionals, institutional leaders, tech builders, and investors. With a curated agenda that dives deep into Web3 disruption, AI x blockchain convergence, real world asset tokenization, and regulation, this event offers real insights—and real opportunities.

What to expect in 2026:

A star-studded speaker lineup from top exchanges, DeFi platforms, and VC funds

80+ exhibitors showcasing the future of digital finance

Investor pitch sessions and exclusive business matchmaking

Over 3,000 attendees from across the crypto ecosystem

From casual networking to high-stakes dealmaking, every moment at Crypto Expo Europe is designed to deliver value.

A Legacy of Excellence
Previous editions have welcomed industry giants such as Binance, Kraken, Crypto.com, 1inch, and Bitget—positioning the event as a trusted hub for blockchain progress in the region. Whether you’re launching a product, raising funds, scouting investments, or simply staying ahead of the curve, Crypto Expo Europe is where the future of crypto happens.

If 2026 is your year to make moves in Web3—this is your starting line.

Who Should Attend?

● Web3 Startups seeking visibility, partners, and funding

● Corporate Leaders exploring blockchain use cases

● VCs and Investors looking to discover the next big thing

● Builders and Developers ready to showcase tech and talent

● Media and Influencers tracking European innovation

Event Details
Radisson Blu Hotel, Bucharest
March 1–2, 2026
https://cryptoexpoeurope.com/
office@cryptoexpoeurope.com
Connect with us on LinkedIn

Brazil’s Congress has reintroduced Bill 4501/2024, a proposal that could position the country among the first major economies to formally integrate Bitcoin into its sovereign reserves.

The updated version of the bill expands on the original framework introduced by Congressman Eros Biondini in November 2024. It outlines the creation of a Strategic Sovereign Bitcoin Reserve (RESBit), with a long-term target of accumulating up to 1 million BTC over a five-year period.

At current market prices, that allocation would represent more than $67 billion in Bitcoin exposure.

From 5% Allocation to Structured Accumulation Plan

The initial proposal suggested that Brazil allocate up to 5% of its nearly $370 billion in foreign exchange reserves into Bitcoin as a hedge against inflation and external monetary risk.

The revised draft maintains the diversification logic but adds operational clarity. RESBit would be managed by the Central Bank as part of the national treasury strategy, with acquisitions phased over several years rather than executed immediately.

Supporters argue that Bitcoin offers characteristics aligned with sovereign reserve principles: limited supply, resistance to inflationary dilution, and immunity from external seizure when properly custodied.

During a congressional forum, Pedro Giocondo Guerra — representing the Vice President’s office — described Bitcoin as “digital gold,” emphasizing that discussing sovereign BTC reserves is not speculative politics but a matter of long-term economic positioning.

The original bill cleared its first committee stage and underwent a public hearing in August 2025 before being reintroduced with expanded scope.

Brazil in the Global Bitcoin Reserve Race

If approved, Brazil would become the first G20 nation to formally codify Bitcoin as a sovereign reserve asset through legislation. This move would mark a structural shift beyond symbolic adoption.

For context, El Salvador became the first country to adopt Bitcoin as legal tender in 2021 and has continued accumulating BTC since. Meanwhile, in the United States, Donald Trump signed an executive order on March 6 establishing an American Bitcoin reserve framework.

Brazil’s approach, however, differs: instead of legal tender status, the focus is treasury-level diversification — treating Bitcoin as a macro hedge rather than a payment instrument.

If implemented, RESBit would signal that sovereign Bitcoin strategy is no longer confined to smaller economies — and that emerging markets are increasingly willing to challenge traditional reserve compositions.

Brazil’s Congress has reintroduced Bill 4501/2024, a proposal that could position the country among the first major economies to formally integrate Bitcoin into its sovereign reserves.

The updated version of the bill expands on the original framework introduced by Congressman Eros Biondini in November 2024. It outlines the creation of a Strategic Sovereign Bitcoin Reserve (RESBit), with a long-term target of accumulating up to 1 million BTC over a five-year period.

At current market prices, that allocation would represent more than $67 billion in Bitcoin exposure.

From 5% Allocation to Structured Accumulation Plan

The initial proposal suggested that Brazil allocate up to 5% of its nearly $370 billion in foreign exchange reserves into Bitcoin as a hedge against inflation and external monetary risk.

The revised draft maintains the diversification logic but adds operational clarity. RESBit would be managed by the Central Bank as part of the national treasury strategy, with acquisitions phased over several years rather than executed immediately.

Supporters argue that Bitcoin offers characteristics aligned with sovereign reserve principles: limited supply, resistance to inflationary dilution, and immunity from external seizure when properly custodied.

During a congressional forum, Pedro Giocondo Guerra — representing the Vice President’s office — described Bitcoin as “digital gold,” emphasizing that discussing sovereign BTC reserves is not speculative politics but a matter of long-term economic positioning.

The original bill cleared its first committee stage and underwent a public hearing in August 2025 before being reintroduced with expanded scope.

Brazil in the Global Bitcoin Reserve Race

If approved, Brazil would become the first G20 nation to formally codify Bitcoin as a sovereign reserve asset through legislation. This move would mark a structural shift beyond symbolic adoption.

For context, El Salvador became the first country to adopt Bitcoin as legal tender in 2021 and has continued accumulating BTC since. Meanwhile, in the United States, Donald Trump signed an executive order on March 6 establishing an American Bitcoin reserve framework.

Brazil’s approach, however, differs: instead of legal tender status, the focus is treasury-level diversification — treating Bitcoin as a macro hedge rather than a payment instrument.

If implemented, RESBit would signal that sovereign Bitcoin strategy is no longer confined to smaller economies — and that emerging markets are increasingly willing to challenge traditional reserve compositions.

South Korean authorities have launched an internal review after discovering that 22 Bitcoin confiscated during a 2021 investigation were transferred out of police custody without detection.

According to local reports, the Bitcoin had been voluntarily handed over to the Gangnam Police Station in Seoul in November 2021 as part of an ongoing case. However, during a recent internal audit, authorities discovered that the digital assets had been moved externally while the investigation remained suspended.

At current market prices — approximately 97.1 million won per Bitcoin — the missing funds are valued at roughly 2.1 billion won (around $1.5 million).

Importantly, investigators confirmed that the physical cold wallet used to store the cryptocurrency was not stolen. The transfer appears to have occurred without the station’s knowledge, raising concerns about internal management procedures for digital asset evidence.

Audit Triggered by Earlier 320 BTC Loss

The discovery followed a nationwide inspection ordered by the National Police Agency after a separate high-profile incident at the Gwangju District Prosecutors’ Office.

Last year, prosecutors in Gwangju reported the disappearance of 320 Bitcoin — worth approximately 40 billion won at the time. Subsequent investigations suggested that the loss may have been linked to a phishing attack, with an employee allegedly compromising credentials after accessing a fraudulent website.

The audit of cryptocurrency holdings across police stations ultimately uncovered the previously unnoticed 22 BTC transfer at the Gangnam Police Station.

Growing Concerns Over Digital Asset Custody

These back-to-back cases have intensified criticism over how South Korean law enforcement agencies handle seized digital assets. As cryptocurrencies become increasingly common in criminal investigations, proper custody management and cybersecurity protocols are emerging as critical vulnerabilities.

Earlier this year, authorities disclosed another internal security failure involving confiscated Bitcoin valued at approximately $48 million. That case was reportedly linked to password exposure following a phishing incident involving a government employee.

Officials have launched an internal review into the Gangnam case. Further details about how the 22 Bitcoin were accessed and transferred have not yet been disclosed.

The incidents underscore a challenge facing public institutions worldwide: securing digital assets requires not only physical safeguards, but also strict operational and cybersecurity controls.

South Korean authorities have launched an internal review after discovering that 22 Bitcoin confiscated during a 2021 investigation were transferred out of police custody without detection.

According to local reports, the Bitcoin had been voluntarily handed over to the Gangnam Police Station in Seoul in November 2021 as part of an ongoing case. However, during a recent internal audit, authorities discovered that the digital assets had been moved externally while the investigation remained suspended.

At current market prices — approximately 97.1 million won per Bitcoin — the missing funds are valued at roughly 2.1 billion won (around $1.5 million).

Importantly, investigators confirmed that the physical cold wallet used to store the cryptocurrency was not stolen. The transfer appears to have occurred without the station’s knowledge, raising concerns about internal management procedures for digital asset evidence.

Audit Triggered by Earlier 320 BTC Loss

The discovery followed a nationwide inspection ordered by the National Police Agency after a separate high-profile incident at the Gwangju District Prosecutors’ Office.

Last year, prosecutors in Gwangju reported the disappearance of 320 Bitcoin — worth approximately 40 billion won at the time. Subsequent investigations suggested that the loss may have been linked to a phishing attack, with an employee allegedly compromising credentials after accessing a fraudulent website.

The audit of cryptocurrency holdings across police stations ultimately uncovered the previously unnoticed 22 BTC transfer at the Gangnam Police Station.

Growing Concerns Over Digital Asset Custody

These back-to-back cases have intensified criticism over how South Korean law enforcement agencies handle seized digital assets. As cryptocurrencies become increasingly common in criminal investigations, proper custody management and cybersecurity protocols are emerging as critical vulnerabilities.

Earlier this year, authorities disclosed another internal security failure involving confiscated Bitcoin valued at approximately $48 million. That case was reportedly linked to password exposure following a phishing incident involving a government employee.

Officials have launched an internal review into the Gangnam case. Further details about how the 22 Bitcoin were accessed and transferred have not yet been disclosed.

The incidents underscore a challenge facing public institutions worldwide: securing digital assets requires not only physical safeguards, but also strict operational and cybersecurity controls.

ASEAN SHOP is a professional touring exhibition focused on major markets in Southeast Asia. Malaysia combines its rapidly developing economy with consumers who are proficient in digital technology and ready to purchase, making it an ideal market. The retail market in the country is expected to grow from approximately $89.7 billion in 2024 to $119.6 billion in 2029, with a compound annual growth rate of 5.9%, surpassing most regional peers. From AI driven payment systems to self-service vending and retail technologies, ASEAN Shopping Centers connect global innovators with the most dynamic markets in ASEAN.

The scope of exhibits includes: Vending machines and self-service facilities: Self service vending machines, vending machine accessories, payment solutions and vending machine technology, smart retail solutions, smart operation and management solutions, office coffee machines

Payment solution: Payment systems, payment devices, commercial AI applications, payment service scenario solutions, device peripherals, and consumables

Visitor Register

Asia Commercial Refrigeration Equipment Supermarket Display Cases, Convenience & Specialty Store Cases, Fresh Processing & Display Equipment, Back-of-Store Storage & Processing Equipment, In-Store Processing & Fresh-Keeping Equipment, Integrated Cold Chain Solutions, Smart Control Systems

Asia Commercial Service Robot Commercial Robotics Complete Solutions, Front Desk Reception Robot Autonomous Retail Robot, CoreComponents & Technical Support, Ancillary Equipment & Services

Restaurant: Beverages, coffee, tea, dairy products, nuts, dried fruits and vegetables, healthy and functional foods, ready to eat foods,  seasonings and condiments, food service and technology

Retail Store: Retail stores, supermarkets, smart retail and technology, unmanned store solutions, store management systems, brand owners, franchising and brand authorization

Asia Commercial Display & Store Fitting Commercial Interior Design & Fit-Out, Smart Visual Merchandising & Display, Commercial Lighting &Display Fixtures, Retail Security Solutions, Innovative Materials & Technologies

The audience scope includes: service provider Importer/Exporter Manufacturer/Processor Large supermarkets/retailers/wholesalers/distributors Grocery stores, shops, supermarkets/cafes/restaurants Media/Publications government representative

ASEAN SHOP explores cutting-edge solutions in six professional fields, connecting industry pioneers and innovative suppliers shaping the future of ASEAN retail from smart vending and digital payments to cold chain technology. We look forward to gaining strategic insights at the ASEAN Retail Leaders Summit. Join ASEAN SHOP Malaysia – Let's shape the future of smart retail together!

If you are interested in exhibiting or visiting the World Expo, please contact me. Mail: xu71139@gmail.com Whatsapp: 19584515076 Wechat: 17658107280

ASEAN SHOP is a professional touring exhibition focused on major markets in Southeast Asia.
Malaysia combines its rapidly developing economy with consumers who are proficient in digital technology and ready to purchase, making it an ideal market. The retail market in the country is expected to grow from approximately $89.7 billion in 2024 to $119.6 billion in 2029, with a compound annual growth rate of 5.9%, surpassing most regional peers. From AI driven payment systems to self-service vending and retail technologies, ASEAN Shopping Centers connect global innovators with the most dynamic markets in ASEAN.

The scope of exhibits includes:
Vending machines and self-service facilities:
Self service vending machines, vending machine accessories, payment solutions and vending machine technology, smart retail solutions, smart operation and management solutions, office coffee machines

Payment solution:
Payment systems, payment devices, commercial AI applications, payment service scenario solutions, device peripherals, and consumables

Visitor Register

Asia Commercial Refrigeration Equipment
Supermarket Display Cases, Convenience & Specialty Store Cases, Fresh Processing & Display Equipment, Back-of-Store Storage & Processing Equipment, In-Store Processing & Fresh-Keeping Equipment, Integrated Cold Chain Solutions, Smart Control Systems

Asia Commercial Service Robot
Commercial Robotics Complete Solutions, Front Desk Reception Robot Autonomous Retail Robot, CoreComponents & Technical Support, Ancillary Equipment & Services

Restaurant:
Beverages, coffee, tea, dairy products, nuts, dried fruits and vegetables, healthy and functional foods, ready to eat foods,  seasonings and condiments, food service and technology

Retail Store:
Retail stores, supermarkets, smart retail and technology, unmanned store solutions, store management systems, brand owners, franchising and brand authorization

Asia Commercial Display & Store Fitting
Commercial Interior Design & Fit-Out, Smart Visual Merchandising & Display, Commercial Lighting &Display Fixtures, Retail Security Solutions, Innovative Materials & Technologies

The audience scope includes:
service provider
Importer/Exporter
Manufacturer/Processor
Large supermarkets/retailers/wholesalers/distributors
Grocery stores, shops, supermarkets/cafes/restaurants
Media/Publications
government representative

ASEAN SHOP explores cutting-edge solutions in six professional fields, connecting industry pioneers and innovative suppliers shaping the future of ASEAN retail from smart vending and digital payments to cold chain technology. We look forward to gaining strategic insights at the ASEAN Retail Leaders Summit. Join ASEAN SHOP Malaysia – Let's shape the future of smart retail together!

If you are interested in exhibiting or visiting the World Expo, please contact me.
Mail: xu71139@gmail.com
Whatsapp: 19584515076
Wechat: 17658107280

Today our guest is CryptoBosh (Yuriy Boshnikov) — one of the most recognizable crypto bloggers on Russian-language YouTube.

Unlike many who entered the industry through trading or a technical background, Yuriy came into crypto from the media side. Before 2022, he already had a successful YouTube channel and strong expertise in content creation.

When the bear market began, he saw crypto not just as hype, but as a growing tech industry with relatively low competition in high-quality content — and decided to apply his skills here. Today, his crypto channel has nearly 400,000 subscribers, and he combines blogging, education, spot investing, and real estate in Dubai.

— Yuriy, hi! I’m really happy to see you. Today I want to talk not only about the market, but also about your path in crypto. Many people know you as CryptoBosh — an influencer and media personality with a strong YouTube channel. As far as I know, you came into crypto in 2022 — meaning you entered right when the bear market started?

Yes, I caught the moment when everything started falling. But I came into crypto out of necessity: I had a previous business, I shut it down, and I was looking for a place where the money is right now. I was looking at where money is concentrated and where my expertise could be applied — at that time, it was media. I know how to create good content.

The niche I used to work in was already starting to “die,” while crypto is a developing industry — the technology keeps evolving — so the choice was obvious. I’m doing the same actions as before, but the result is massively bigger: competition is kind of a joke, and there are very few strong players willing to produce high-quality content for the audience.

— So you already had the media/content skill set?

Yes. Even before crypto, I created a YouTube channel to promote my website-building services. I experimented. And at some point I filmed a video that had nothing to do with websites — about a trip to Bali. It got 700,000 views. And inside that video, I embedded an ad for my free website course. From that moment, I realized YouTube is a huge tool.

Before crypto, I already had a channel with 200,000 subscribers. And when I entered crypto, I created a new channel from scratch. Now it has almost 400,000 subscribers.

— There are bloggers who’ve been in crypto for 5–7 years but hit a ceiling. What’s the secret behind growth?

There’s no secret. It’s simple: “do it well — and it will be fine.” The main problem is that people don’t understand who they’re making content for.

From the start, I made content for beginners. I was a beginner myself. I was surprised that exchanges even have limit orders. And I wasn’t embarrassed about it.

Many “veterans” think beginners are stupid and don’t want to explain the basics. But I’m totally fine repeating things. That’s my job.

I analyze a lot: — I watch the Western market — I study thumbnails and presentation — I track what “blows up” — I test hypotheses

I write scripts myself. I have assistants, but the content is mine. I spend a huge amount of time on YouTube analyzing competitors.

Who wins? The one who works more and more systematically.

There’s no secret. Just: “do it well — and it will be fine.”

— Is your main audience beginners?

Yes. I speak their language. I don’t fly off into complex topics. Though I adapt to the market. For example, now there’s more trading content because that’s what people want.

Personally, I don’t like futures. But I don’t do what I like — I do what the audience needs.

— How do you understand what the audience is genuinely interested in? Is it feedback, analytics, or more intuition?

It’s more like “at my fingertips.” I watch the Western market a lot — I take many ideas from there. I track patterns: which topics perform well, what starts gaining traction. Then I look at what’s growing in the Russian-speaking space. And I test it myself: I release a video and look at the reaction — subscriptions, comments, unsubscribes, hate. From the response, it’s immediately clear whether you hit the topic or not.

— You teach in parallel, and some of your materials are free. How is your system structured — from basics to advanced — and what do you ultimately earn money from?

Right now, I have a free course — a person watches the videos on YouTube, and that covers the basics. Then they can go deeper: there’s a trading chat subscription (€19 per month) where people trade and get futures education. And there’s a closed club — comprehensive work with spot, futures, portfolio building, and weekly reviews. The deeper part is led by a partner.

If we talk about income — my main income is blogger activity. Plus investments. There is advertising too, but now I only take projects I know personally or via recommendations — the market is harsh, and it’s easy to get into unpleasant stories.

In crypto, there are also many tools where you can earn even without investment — I have a separate pinned post about this in Telegram.

— Tell us more about your journey in crypto. Did you enter crypto with a big capital?

At that time, globally, there wasn’t much money. Every cup of coffee felt like “the last one.” There was some reserve, but definitely not for years — more like a minimal financial cushion. I already had financial literacy, so the pressure was there.

I entered crypto with small money. You can look at my first videos and Telegram posts — I didn’t delete anything. I was genuinely surprised: I bought a coin for $50, it grew to $75, I made $25 — and I was like, “wow, this is crypto, this is money.”

Over time, with practice, capital was gradually built. I don’t show everything publicly, but for example, you can see that I have around $50,000 sitting in spot bots. Everything accumulated step by step.

My approach is simple: slowly, with lower risk, calmly — and work a lot. I don’t know any other approach.

— If we summarize: is your strategy more mid-term or long-term? The main focus is spot and base assets? And how do you feel about the current panic around Bitcoin?

Yes. The core of my capital is in spot. No secret: the base is Bitcoin and Ethereum. From the very beginning, we built a portfolio around that. That doesn’t mean I didn’t buy altcoins — I have alts too.

If it drops — not a big deal. We’ll buy more or we won’t — we’ll see. I bought Bitcoin even when it was going up. My average entry used to be around $25K; now it’s closer to $30K.

Even now, when it’s 80-something — it’s still fine. When it was at the bottom, I simply didn’t have enough capital to buy. Now I’m ready.

— The market changes every 2–3 months: new trends, tools, restrictions. How do you adapt your education to these changes and stay on top of things?

Of course, you have to do it constantly. There are things that don’t change globally — for example, registering on an exchange. But even those we periodically rewrite so that interfaces are up to date.

For example, topping up via P2P used to be normal; now exchanges or swap services are often more convenient. We provide vetted options for different regions — Russia, Ukraine, Europe, Dubai — and quickly communicate all updates in Telegram: what you can do, what you can’t, where the risks are.

Telegram is the fastest way to stay in contact with the audience. I can record a voice message on the spot if something happens. And if it needs deeper explanation — I do a separate breakdown.

There are also unpopular tools where I don’t earn anything at all — for example, spot bots. No referral links, nothing. But I show them because I use them myself and they generate income for me.

— Most of your investments are in crypto. Do you also look at stocks or real estate?

I’m still learning about the stock market — how to structure everything properly and implement it. I haven’t shown it publicly yet.

But I do talk about real estate: I live in Dubai and bought apartments as investments. I have a separate YouTube channel called “NedvizhBozh,” where I share details about the Dubai market — there are lots of nuances.

Because one thing is to theoretically say how “great it is to buy real estate in Dubai,” and another is when you’ve bought one, then a second apartment and gone through the process yourself. I run everything through my own experience and my own money — I ask partners questions, figure out what’s good and what’s bad — and only then draw conclusions.

— Do you invest in precious metals — gold or silver? And how do you feel about gold as a “classic” asset in current conditions?

No, I haven’t gotten to it yet. And overall, precious metals have already “flown to the moon.” Even if it’s a decent long-term story, with gold there’s always the question: how do you store it?

If you buy paper instruments — it’s almost like stocks. If you buy bars — where do you store them? If through a bank — that’s trusting the bank, and that trust is questionable.

And if you have to relocate (which is popular now) — how do you transport it? Declare it, move it — complicated. I had a case: I was “pushing” gold, then had to leave Ukraine — I sold the gold, bought a Ural motorcycle, and left. As a living tool — fine. But storing gold in today’s situation, when you might need to move at any time, doesn’t feel great to me.

— Yeah, a Ledger is convenient in that sense — you carry it with you, and nobody really checks.

They might check, but they generally shouldn’t. There’s no law that prohibits carrying a Ledger across a border.

— But then there’s a security question. How important is it what kind of crypto you have on your wallet?

It’s very important that only “clean” crypto sits on your wallet. We don’t face this every day, but there are real cases: someone long ago received or sent crypto without thinking much, and years later they move to another country — and they run into problems because there were “dirty” transactions in the history.

— Right, because someone could have sent funds through an exchange and you don’t even know the origin…

Exactly. You can’t verify everyone. And in a couple of years it can “surface.” It’s a very scary situation. That’s why I’m increasingly looking toward solutions with an intermediate wallet or service: you use it as a buffer, don’t keep funds there for long, and receive “clean” money on your main wallet from a legal entity — условно, from Binance. And I’m currently searching for these kinds of solutions.

— Are you planning new verticals? Or developing what you already have?

I look at what people need and find partners to implement it. For example, if a better exchanger appears — I switch it into the chain.

If the market changes and it becomes difficult to earn on spot — we go into trading. Since September 2025, we launched a trading chat: we filter traders, publish statistics, show reports.

If the market changes — we’ll change direction. Right now I don’t see any obvious new trends.

— Can we say your focus has shifted toward futures? Is that your strategy — to go where the market actually allows you to earn?

It’s not that everyone wants to trade futures — it’s just one of the few tools that really works right now. DeFi works, but with large capital.

Futures are short trades: intraday or максимум two days. You set up a setup — either stop-loss or profit. That’s the skill: making sure the stats of profits are higher than the stats of stops.

There’s no point forcing spot if the market is falling and everyone is getting “shaved.” If I give people tools that don’t work right now, they’ll lose money — and I’ll be responsible. My job is to choose what can work now. No guarantees — but you have to choose as carefully as possible.

— Do you feel like people are leaving crypto? Are views down?

For other bloggers — yes. For me, somehow I’ve managed to keep views стабильными so far. The English-speaking market is alive — but I’m nobody there. In the Russian-speaking space, we’re holding on.

— What would you advise someone with a small capital — how not to blow the deposit and become profitable over time?

It’s simple: take all the free education that exists. Then look at paid options. Join communities to stay in the information flow, get актуальные updates, and understand the market pulse.

Don’t go into futures with 90% of your capital — максимум 10%. The rest — lower-risk instruments. I moved gradually myself: chose tools with lower returns and lower risk, worked over time. Over four years, I got a financial result simply because I work consistently. There’s no secret.

Plus окружение: clubs, strong people, constant immersion in the market. And focus only on what brings money and value to the audience.

Today our guest is CryptoBosh (Yuriy Boshnikov) — one of the most recognizable crypto bloggers on Russian-language YouTube.

Unlike many who entered the industry through trading or a technical background, Yuriy came into crypto from the media side. Before 2022, he already had a successful YouTube channel and strong expertise in content creation.

When the bear market began, he saw crypto not just as hype, but as a growing tech industry with relatively low competition in high-quality content — and decided to apply his skills here. Today, his crypto channel has nearly 400,000 subscribers, and he combines blogging, education, spot investing, and real estate in Dubai.

— Yuriy, hi! I’m really happy to see you. Today I want to talk not only about the market, but also about your path in crypto. Many people know you as CryptoBosh — an influencer and media personality with a strong YouTube channel. As far as I know, you came into crypto in 2022 — meaning you entered right when the bear market started?

Yes, I caught the moment when everything started falling. But I came into crypto out of necessity: I had a previous business, I shut it down, and I was looking for a place where the money is right now. I was looking at where money is concentrated and where my expertise could be applied — at that time, it was media. I know how to create good content.

The niche I used to work in was already starting to “die,” while crypto is a developing industry — the technology keeps evolving — so the choice was obvious. I’m doing the same actions as before, but the result is massively bigger: competition is kind of a joke, and there are very few strong players willing to produce high-quality content for the audience.

— So you already had the media/content skill set?

Yes. Even before crypto, I created a YouTube channel to promote my website-building services. I experimented. And at some point I filmed a video that had nothing to do with websites — about a trip to Bali. It got 700,000 views.
And inside that video, I embedded an ad for my free website course. From that moment, I realized YouTube is a huge tool.

Before crypto, I already had a channel with 200,000 subscribers. And when I entered crypto, I created a new channel from scratch. Now it has almost 400,000 subscribers.

— There are bloggers who’ve been in crypto for 5–7 years but hit a ceiling. What’s the secret behind growth?

There’s no secret. It’s simple: “do it well — and it will be fine.” The main problem is that people don’t understand who they’re making content for.

From the start, I made content for beginners. I was a beginner myself. I was surprised that exchanges even have limit orders. And I wasn’t embarrassed about it.

Many “veterans” think beginners are stupid and don’t want to explain the basics. But I’m totally fine repeating things. That’s my job.

I analyze a lot:
— I watch the Western market
— I study thumbnails and presentation
— I track what “blows up”
— I test hypotheses

I write scripts myself. I have assistants, but the content is mine. I spend a huge amount of time on YouTube analyzing competitors.

Who wins? The one who works more and more systematically.

There’s no secret. Just: “do it well — and it will be fine.”

— Is your main audience beginners?

Yes. I speak their language. I don’t fly off into complex topics. Though I adapt to the market. For example, now there’s more trading content because that’s what people want.

Personally, I don’t like futures. But I don’t do what I like — I do what the audience needs.

— How do you understand what the audience is genuinely interested in? Is it feedback, analytics, or more intuition?

It’s more like “at my fingertips.” I watch the Western market a lot — I take many ideas from there. I track patterns: which topics perform well, what starts gaining traction. Then I look at what’s growing in the Russian-speaking space.
And I test it myself: I release a video and look at the reaction — subscriptions, comments, unsubscribes, hate. From the response, it’s immediately clear whether you hit the topic or not.

— You teach in parallel, and some of your materials are free. How is your system structured — from basics to advanced — and what do you ultimately earn money from?

Right now, I have a free course — a person watches the videos on YouTube, and that covers the basics. Then they can go deeper: there’s a trading chat subscription (€19 per month) where people trade and get futures education. And there’s a closed club — comprehensive work with spot, futures, portfolio building, and weekly reviews. The deeper part is led by a partner.

If we talk about income — my main income is blogger activity. Plus investments. There is advertising too, but now I only take projects I know personally or via recommendations — the market is harsh, and it’s easy to get into unpleasant stories.

In crypto, there are also many tools where you can earn even without investment — I have a separate pinned post about this in Telegram.

— Tell us more about your journey in crypto. Did you enter crypto with a big capital?

At that time, globally, there wasn’t much money. Every cup of coffee felt like “the last one.” There was some reserve, but definitely not for years — more like a minimal financial cushion. I already had financial literacy, so the pressure was there.

I entered crypto with small money. You can look at my first videos and Telegram posts — I didn’t delete anything. I was genuinely surprised: I bought a coin for $50, it grew to $75, I made $25 — and I was like, “wow, this is crypto, this is money.”

Over time, with practice, capital was gradually built. I don’t show everything publicly, but for example, you can see that I have around $50,000 sitting in spot bots. Everything accumulated step by step.

My approach is simple: slowly, with lower risk, calmly — and work a lot. I don’t know any other approach.

— If we summarize: is your strategy more mid-term or long-term? The main focus is spot and base assets? And how do you feel about the current panic around Bitcoin?

Yes. The core of my capital is in spot. No secret: the base is Bitcoin and Ethereum. From the very beginning, we built a portfolio around that. That doesn’t mean I didn’t buy altcoins — I have alts too.

If it drops — not a big deal. We’ll buy more or we won’t — we’ll see. I bought Bitcoin even when it was going up. My average entry used to be around $25K; now it’s closer to $30K.

Even now, when it’s 80-something — it’s still fine. When it was at the bottom, I simply didn’t have enough capital to buy. Now I’m ready.

— The market changes every 2–3 months: new trends, tools, restrictions. How do you adapt your education to these changes and stay on top of things?

Of course, you have to do it constantly. There are things that don’t change globally — for example, registering on an exchange. But even those we periodically rewrite so that interfaces are up to date.

For example, topping up via P2P used to be normal; now exchanges or swap services are often more convenient. We provide vetted options for different regions — Russia, Ukraine, Europe, Dubai — and quickly communicate all updates in Telegram: what you can do, what you can’t, where the risks are.

Telegram is the fastest way to stay in contact with the audience. I can record a voice message on the spot if something happens. And if it needs deeper explanation — I do a separate breakdown.

There are also unpopular tools where I don’t earn anything at all — for example, spot bots. No referral links, nothing. But I show them because I use them myself and they generate income for me.

— Most of your investments are in crypto. Do you also look at stocks or real estate?

I’m still learning about the stock market — how to structure everything properly and implement it. I haven’t shown it publicly yet.

But I do talk about real estate: I live in Dubai and bought apartments as investments. I have a separate YouTube channel called “NedvizhBozh,” where I share details about the Dubai market — there are lots of nuances.

Because one thing is to theoretically say how “great it is to buy real estate in Dubai,” and another is when you’ve bought one, then a second apartment and gone through the process yourself. I run everything through my own experience and my own money — I ask partners questions, figure out what’s good and what’s bad — and only then draw conclusions.

— Do you invest in precious metals — gold or silver? And how do you feel about gold as a “classic” asset in current conditions?

No, I haven’t gotten to it yet. And overall, precious metals have already “flown to the moon.” Even if it’s a decent long-term story, with gold there’s always the question: how do you store it?

If you buy paper instruments — it’s almost like stocks. If you buy bars — where do you store them? If through a bank — that’s trusting the bank, and that trust is questionable.

And if you have to relocate (which is popular now) — how do you transport it? Declare it, move it — complicated. I had a case: I was “pushing” gold, then had to leave Ukraine — I sold the gold, bought a Ural motorcycle, and left. As a living tool — fine. But storing gold in today’s situation, when you might need to move at any time, doesn’t feel great to me.

— Yeah, a Ledger is convenient in that sense — you carry it with you, and nobody really checks.

They might check, but they generally shouldn’t. There’s no law that prohibits carrying a Ledger across a border.

— But then there’s a security question. How important is it what kind of crypto you have on your wallet?

It’s very important that only “clean” crypto sits on your wallet. We don’t face this every day, but there are real cases: someone long ago received or sent crypto without thinking much, and years later they move to another country — and they run into problems because there were “dirty” transactions in the history.

— Right, because someone could have sent funds through an exchange and you don’t even know the origin…

Exactly. You can’t verify everyone. And in a couple of years it can “surface.” It’s a very scary situation.
That’s why I’m increasingly looking toward solutions with an intermediate wallet or service: you use it as a buffer, don’t keep funds there for long, and receive “clean” money on your main wallet from a legal entity — условно, from Binance. And I’m currently searching for these kinds of solutions.

— Are you planning new verticals? Or developing what you already have?

I look at what people need and find partners to implement it. For example, if a better exchanger appears — I switch it into the chain.

If the market changes and it becomes difficult to earn on spot — we go into trading. Since September 2025, we launched a trading chat: we filter traders, publish statistics, show reports.

If the market changes — we’ll change direction. Right now I don’t see any obvious new trends.

— Can we say your focus has shifted toward futures? Is that your strategy — to go where the market actually allows you to earn?

It’s not that everyone wants to trade futures — it’s just one of the few tools that really works right now. DeFi works, but with large capital.

Futures are short trades: intraday or максимум two days. You set up a setup — either stop-loss or profit. That’s the skill: making sure the stats of profits are higher than the stats of stops.

There’s no point forcing spot if the market is falling and everyone is getting “shaved.” If I give people tools that don’t work right now, they’ll lose money — and I’ll be responsible. My job is to choose what can work now. No guarantees — but you have to choose as carefully as possible.

— Do you feel like people are leaving crypto? Are views down?

For other bloggers — yes. For me, somehow I’ve managed to keep views стабильными so far. The English-speaking market is alive — but I’m nobody there. In the Russian-speaking space, we’re holding on.

— What would you advise someone with a small capital — how not to blow the deposit and become profitable over time?

It’s simple: take all the free education that exists. Then look at paid options. Join communities to stay in the information flow, get актуальные updates, and understand the market pulse.

Don’t go into futures with 90% of your capital — максимум 10%. The rest — lower-risk instruments. I moved gradually myself: chose tools with lower returns and lower risk, worked over time. Over four years, I got a financial result simply because I work consistently. There’s no secret.

Plus окружение: clubs, strong people, constant immersion in the market. And focus only on what brings money and value to the audience.

Recent on-chain insights suggest that the current crypto market environment is entering a fragile phase, with several indicators pointing to weakening demand despite improving network fundamentals.

According to data from Glassnode, Bitcoin’s present market structure closely resembles conditions last seen in mid-2022 — a period marked by systemic stress following the collapse of the Terra/LUNA ecosystem. At current price levels around $70,000, unrealized losses now account for roughly 16% of Bitcoin’s total market capitalization, highlighting the growing pressure faced by holders who entered at higher levels.

On-chain signals remain mixed. While fundamental activity across the network is showing signs of recovery — including stronger engagement and usage — capital flows continue to deteriorate. Measures tied to realized profits and losses indicate that profitability remains limited, suggesting that renewed activity has not yet translated into sustainable demand or capital inflows.

Market sentiment has also shifted decisively to the downside. Social indicators tracked on-chain point to one of the lowest levels of attention toward crypto in recent years, reinforcing the broader risk-off mood across digital asset markets.

ETF Outflows

ETF flows are also reflecting this cautious environment. Bitcoin ETFs have shown signs of weakness in recent sessions, although a brief improvement was observed today, with approximately $145 million in net inflows into Bitcoin ETFs and $57 million into Ethereum ETFs. While these inflows offer short-term relief, they have yet to alter the broader trend of subdued risk appetite.

Overall, the data paints a picture of a market caught between improving on-chain fundamentals and deteriorating financial conditions — a setup that historically has required either renewed demand or further price adjustment to restore balance.

Recent on-chain insights suggest that the current crypto market environment is entering a fragile phase, with several indicators pointing to weakening demand despite improving network fundamentals.

According to data from Glassnode, Bitcoin’s present market structure closely resembles conditions last seen in mid-2022 — a period marked by systemic stress following the collapse of the Terra/LUNA ecosystem. At current price levels around $70,000, unrealized losses now account for roughly 16% of Bitcoin’s total market capitalization, highlighting the growing pressure faced by holders who entered at higher levels.

On-chain signals remain mixed. While fundamental activity across the network is showing signs of recovery — including stronger engagement and usage — capital flows continue to deteriorate. Measures tied to realized profits and losses indicate that profitability remains limited, suggesting that renewed activity has not yet translated into sustainable demand or capital inflows.

Market sentiment has also shifted decisively to the downside. Social indicators tracked on-chain point to one of the lowest levels of attention toward crypto in recent years, reinforcing the broader risk-off mood across digital asset markets.

ETF Outflows

ETF flows are also reflecting this cautious environment. Bitcoin ETFs have shown signs of weakness in recent sessions, although a brief improvement was observed today, with approximately $145 million in net inflows into Bitcoin ETFs and $57 million into Ethereum ETFs. While these inflows offer short-term relief, they have yet to alter the broader trend of subdued risk appetite.

Overall, the data paints a picture of a market caught between improving on-chain fundamentals and deteriorating financial conditions — a setup that historically has required either renewed demand or further price adjustment to restore balance.

Affiliate Grand Slam (AGS) and AIBC took the stage at Dubai Festival Arena today for a joint press conference held ahead of the AIBC Eurasia Summit, where both brands unveiled their respective 2026 calendars and newly revamped websites.

The 2026 roadmap outlines an international tour strategy aimed at strengthening regional engagement while scaling global communities. Rome emerged as the flagship show for both, with AIBC also announcing two additional events this year: AIBC Eurasia and AIBC Manila.

All roads lead to Rome

A highlight of the upcoming global summit schedule will be AIBC World and AGS Rome – flagship events taking place at the Fiera Roma from 02 – 05 November. With 30,000 delegates, 300 speakers, eight halls and five stages, this is one of Europe’s largest gatherings to date.

The Blockchain Hub at AIBC World 2026

Throughout the three-days of the conference and expo, the AIBC pavilion will serve as a fully dedicated technology hub, spotlighting leading AI and blockchain companies while hosting a stage agenda delivering premium content focused on emerging technologies. The brand underlined its mission to connect innovators, enterprise leaders, investors, and policymakers in environments designed to accelerate technology adoption and open doors to cross-pollination opportunities with other verticals.

AGS Rome 2026 – Powering the world’s affiliates

AGS also outlined plans to expand its multi-vertical affiliate and performance marketing footprint at the Fiera Roma, where the brand will have a dedicated hall and conference stage. Designed to drive partnerships, deal flow, and measurable business outcomes, AGS Rome reflects the brand’s commitment to creating a premium meeting environment for affiliates, advertisers, platforms, and solution providers operating across the digital economy.

Newly redesigned websites launched

Both brands also officially launched newly redesigned websites. The updated platforms feature optimised user experiences, improved navigation, and expanded access to event information, partnerships, and community engagement tools. The digital upgrades are designed to support the rapid international growth of each platform and better serve their evolving audiences.

Dubai carries symbolic importance for both AGS and AIBC, as the brands first launched in the city in May 2021. Returning to Dubai Festival Arena for this milestone announcement reflects the region’s continued role as a global hub for innovation, entrepreneurship, and cross-border collaboration.

Additional details about tour destinations, event programming, and platform capabilities will roll out in the coming months as both brands prepare for their 2026 expansion.

Affiliate Grand Slam (AGS) and AIBC took the stage at Dubai Festival Arena today for a joint press conference held ahead of the AIBC Eurasia Summit, where both brands unveiled their respective 2026 calendars and newly revamped websites.

The 2026 roadmap outlines an international tour strategy aimed at strengthening regional engagement while scaling global communities. Rome emerged as the flagship show for both, with AIBC also announcing two additional events this year: AIBC Eurasia and AIBC Manila.

All roads lead to Rome

A highlight of the upcoming global summit schedule will be AIBC World and AGS Rome – flagship events taking place at the Fiera Roma from 02 – 05 November. With 30,000 delegates, 300 speakers, eight halls and five stages, this is one of Europe’s largest gatherings to date.

The Blockchain Hub at AIBC World 2026

Throughout the three-days of the conference and expo, the AIBC pavilion will serve as a fully dedicated technology hub, spotlighting leading AI and blockchain companies while hosting a stage agenda delivering premium content focused on emerging technologies. The brand underlined its mission to connect innovators, enterprise leaders, investors, and policymakers in environments designed to accelerate technology adoption and open doors to cross-pollination opportunities with other verticals.

AGS Rome 2026 – Powering the world’s affiliates

AGS also outlined plans to expand its multi-vertical affiliate and performance marketing footprint at the Fiera Roma, where the brand will have a dedicated hall and conference stage. Designed to drive partnerships, deal flow, and measurable business outcomes, AGS Rome reflects the brand’s commitment to creating a premium meeting environment for affiliates, advertisers, platforms, and solution providers operating across the digital economy.

Newly redesigned websites launched

Both brands also officially launched newly redesigned websites. The updated platforms feature optimised user experiences, improved navigation, and expanded access to event information, partnerships, and community engagement tools. The digital upgrades are designed to support the rapid international growth of each platform and better serve their evolving audiences.

Dubai carries symbolic importance for both AGS and AIBC, as the brands first launched in the city in May 2021. Returning to Dubai Festival Arena for this milestone announcement reflects the region’s continued role as a global hub for innovation, entrepreneurship, and cross-border collaboration.

Additional details about tour destinations, event programming, and platform capabilities will roll out in the coming months as both brands prepare for their 2026 expansion.

Today our guest is Alexey Nasybullin — founder of Lead Volume and organizer of major Web3 and iGaming conferences worldwide, including BWiGA.

In this conversation, we talked about what actually makes a conference successful today — beyond big names and flashy stages. Alexey shared what creates real value for attendees and partners, and why so many events end up missing the mark.

We also discussed where attention is really going right now — iGaming or crypto — and how that demand has shifted over the years. Alexey spoke about his own path in the industry, how many events his team runs each year, and what he’s building beyond conferences within the Lead Volume ecosystem.

– Alexey, hi! You’ve been organizing IT events for over 10 years. At what point did you realize that iGaming and Web3 are not just hype, but industries with real revenue, money, and sustainable business models? And which year was that for you?

Hello! In 2016, I held the largest SEO traffic conference in the CIS for the first time, and since then, I’ve worked closely with iGaming experts. Even back then, this niche was quite robust and developed. Over the past 10 years, some other verticals have already declined, while iGaming, on the contrary, has been developing rapidly.

In 2017, the crypto hype began, and I began inviting industry experts to conferences, organizing a separate crypto discussion room in Moscow and Astana. Also, since 2018, I’ve been organizing accelerators for blockchain startups. One of the winning gaming project ultimately went to China, where it received $3 million in investment. The crypto industry was purging itself of unnecessary people and maturing for several years. Since 2021, I’ve been organizing blockchain and CPA conferences in Turkey, and then in the Balkans.   – Could you please tell us in more details what you do at Lead Volume? It’s clear that your main focus is iGaming and Web3, but approximately how many events do you organize per year? And do you also participate in other events as partners or sponsors?   We typically host 2-3 conferences per year. This year, we’re planning two of our own events and three side events in different regions of the world: the Balkans, the Caucasus, Southeast Asia, and MENA. Currently, our focus is on iGaming and, to a lesser extent, crypto (due to the industry’s dire state during the crypto winter).

In addition, our marketing department provides various services for promoting iGaming and crypto projects, including lead generation, targeted traffic, SMM, content creation, and media outreach. We can attract traffic from virtually any region of the world by tailoring our advertising and creating content. It’s convenient that the audiences of iGaming and Web3 are largely similar.

As for participating in third-party events, I usually only attend them as a speaker, co-organizer, or partner. Lately, this has been less possible, as my own projects take up a lot of my time. Previously, I was a speaker at 10 different conferences, including in Dubai and Istanbul, and also was a presenter at two of the largest traffic conferences in the CIS.

– There are currently a huge number of events in Web3 and gaming, but opinions about their quality vary a lot. What do you think is the key to a truly successful event — both for organizers and for attendees? Is it strong speakers, the right audience, projects with real demand, or something else?   It’s true that there are more conferences, but few of them are held consistently for several years and remain interesting to audiences. Another important reason is the self-sufficiency of such events, which is very difficult to achieve. Because of this, many agencies decide to abandon event organizing—too much effort, stress, and money goes into it, and there may be no profit. I’ve been in this market for 10 years and have learned how to manage risks, control the roadmap, accurately calculate expenses and income, and work with sponsors and investors.

As for the quality of different events, each has its own standards. Formats can vary. Large events strive for mass participation. Smaller networking events emphasize C-level and deals during the conference. The quality of a conference also depends on the budget and the number of sponsors. Of course, the audience, the right location, and the date are important. My formula: time, place, people. A miscalculation in planning can cost a reputation and an entire business.   – Very soon you’ll be hosting the Belgrade iGaming Awards. Why did you choose Serbia as the location for the event and, more broadly, as a base for your iGaming activities? And if we look at the global picture, which region do you think currently dominates iGaming, and why?   The Balkans is well-developed in terms of iGaming, but lacks local conferences. The region is just beginning to develop its events scene. There’s still room for growth, making the Balkans a promising region. Next year, the first Expo 2027 will be held, along with numerous side events surrounding this unique international event. As for other regions, the Caucasus and Asia are developing well. European countries and North America remain the leaders. However, traffic statistics show that Asian countries are the most active in this area.   – Which projects most often win Awards: those with a strong product, or those that know how to market themselves well?   As a marketer and advisor to blockchain startups, I can say that a company’s market positioning and advertising are crucial. A product can take a long time to develop if it’s complex and innovative. During this time, competitors can succeed in marketing and reap all the profits. Without marketing, your exciting product may go unnoticed or be discovered too late. In any case, you need to immediately launch a PR campaign and promote your developing product and its unique features.   – How do you see the current market: are we in a phase of growth, cleansing, or rethinking Web 3?     Cleaning and rethinking. Web 3 is heavily influenced by various market and global political factors. Many companies cannot survive a long period without investment and cash infusions. The remaining projects dream of becoming leaders after the industry is cleaned up, bringing innovative ideas and profits to their investors. Many are now being repackaged as AI.   – We see many people moving from Web 3 into AI and iGaming. Do you see this as a signal that iGaming has greater potential right now, or is it simply a market cycle where each industry goes through its own phase?

Both of your assessments are correct. Right now, iGaming is more profitable than crypto. On the other hand, the crypto market is cyclical and will eventually recover, attracting new players and capital. Furthermore, iGaming is now actively integrating crypto payments. That’s why we, too, combine games and Web 3 in our operations—it’s the most successful combination right now. I recognized this trend last year when I launched Web3 and iGaming аwards.   – And finally, if we put events aside, how does your life look apart from events? Do you have other businesses?

We are currently launching our own development studio with experienced programmers capable of developing products in both blockchain and iGaming. I also have extensive experience in sports management and marketing, having worked in this industry for almost 10 years, including 7.5 years at a football club that participated in the 2009-2011 Champions League.

Therefore, I can pursue a career in this field as well. Furthermore, I hold a PhD in sociology in Europe. I’ve also been playing chess since I was 4 years old and was the European School Champion in 2000. Perhaps later I’ll become a teacher, professor, and even a chess coach. Diversity and versatility are always a wonderful thing!

Today our guest is Alexey Nasybullin — founder of Lead Volume and organizer of major Web3 and iGaming conferences worldwide, including BWiGA.

In this conversation, we talked about what actually makes a conference successful today — beyond big names and flashy stages. Alexey shared what creates real value for attendees and partners, and why so many events end up missing the mark.

We also discussed where attention is really going right now — iGaming or crypto — and how that demand has shifted over the years. Alexey spoke about his own path in the industry, how many events his team runs each year, and what he’s building beyond conferences within the Lead Volume ecosystem.

– Alexey, hi! You’ve been organizing IT events for over 10 years. At what point did you realize that iGaming and Web3 are not just hype, but industries with real revenue, money, and sustainable business models? And which year was that for you?

Hello! In 2016, I held the largest SEO traffic conference in the CIS for the first time, and since then, I’ve worked closely with iGaming experts. Even back then, this niche was quite robust and developed. Over the past 10 years, some other verticals have already declined, while iGaming, on the contrary, has been developing rapidly.

In 2017, the crypto hype began, and I began inviting industry experts to conferences, organizing a separate crypto discussion room in Moscow and Astana. Also, since 2018, I’ve been organizing accelerators for blockchain startups. One of the winning gaming project ultimately went to China, where it received $3 million in investment. The crypto industry was purging itself of unnecessary people and maturing for several years. Since 2021, I’ve been organizing blockchain and CPA conferences in Turkey, and then in the Balkans.
 
– Could you please tell us in more details what you do at Lead Volume? It’s clear that your main focus is iGaming and Web3, but approximately how many events do you organize per year? And do you also participate in other events as partners or sponsors?
 
We typically host 2-3 conferences per year. This year, we’re planning two of our own events and three side events in different regions of the world: the Balkans, the Caucasus, Southeast Asia, and MENA. Currently, our focus is on iGaming and, to a lesser extent, crypto (due to the industry’s dire state during the crypto winter).

In addition, our marketing department provides various services for promoting iGaming and crypto projects, including lead generation, targeted traffic, SMM, content creation, and media outreach. We can attract traffic from virtually any region of the world by tailoring our advertising and creating content. It’s convenient that the audiences of iGaming and Web3 are largely similar.

As for participating in third-party events, I usually only attend them as a speaker, co-organizer, or partner. Lately, this has been less possible, as my own projects take up a lot of my time. Previously, I was a speaker at 10 different conferences, including in Dubai and Istanbul, and also was a presenter at two of the largest traffic conferences in the CIS.

– There are currently a huge number of events in Web3 and gaming, but opinions about their quality vary a lot. What do you think is the key to a truly successful event — both for organizers and for attendees? Is it strong speakers, the right audience, projects with real demand, or something else?
 
It’s true that there are more conferences, but few of them are held consistently for several years and remain interesting to audiences. Another important reason is the self-sufficiency of such events, which is very difficult to achieve. Because of this, many agencies decide to abandon event organizing—too much effort, stress, and money goes into it, and there may be no profit. I’ve been in this market for 10 years and have learned how to manage risks, control the roadmap, accurately calculate expenses and income, and work with sponsors and investors.

As for the quality of different events, each has its own standards. Formats can vary. Large events strive for mass participation. Smaller networking events emphasize C-level and deals during the conference. The quality of a conference also depends on the budget and the number of sponsors. Of course, the audience, the right location, and the date are important. My formula: time, place, people. A miscalculation in planning can cost a reputation and an entire business.
 
– Very soon you’ll be hosting the Belgrade iGaming Awards. Why did you choose Serbia as the location for the event and, more broadly, as a base for your iGaming activities? And if we look at the global picture, which region do you think currently dominates iGaming, and why?
 
The Balkans is well-developed in terms of iGaming, but lacks local conferences. The region is just beginning to develop its events scene. There’s still room for growth, making the Balkans a promising region. Next year, the first Expo 2027 will be held, along with numerous side events surrounding this unique international event. As for other regions, the Caucasus and Asia are developing well. European countries and North America remain the leaders. However, traffic statistics show that Asian countries are the most active in this area.
 
– Which projects most often win Awards: those with a strong product, or those that know how to market themselves well?
 
As a marketer and advisor to blockchain startups, I can say that a company’s market positioning and advertising are crucial. A product can take a long time to develop if it’s complex and innovative. During this time, competitors can succeed in marketing and reap all the profits. Without marketing, your exciting product may go unnoticed or be discovered too late. In any case, you need to immediately launch a PR campaign and promote your developing product and its unique features.
 
– How do you see the current market: are we in a phase of growth, cleansing, or rethinking Web 3?
 
 
Cleaning and rethinking. Web 3 is heavily influenced by various market and global political factors. Many companies cannot survive a long period without investment and cash infusions. The remaining projects dream of becoming leaders after the industry is cleaned up, bringing innovative ideas and profits to their investors. Many are now being repackaged as AI.
 
– We see many people moving from Web 3 into AI and iGaming. Do you see this as a signal that iGaming has greater potential right now, or is it simply a market cycle where each industry goes through its own phase?

Both of your assessments are correct. Right now, iGaming is more profitable than crypto. On the other hand, the crypto market is cyclical and will eventually recover, attracting new players and capital. Furthermore, iGaming is now actively integrating crypto payments. That’s why we, too, combine games and Web 3 in our operations—it’s the most successful combination right now. I recognized this trend last year when I launched Web3 and iGaming аwards.
 
– And finally, if we put events aside, how does your life look apart from events? Do you have other businesses?

We are currently launching our own development studio with experienced programmers capable of developing products in both blockchain and iGaming. I also have extensive experience in sports management and marketing, having worked in this industry for almost 10 years, including 7.5 years at a football club that participated in the 2009-2011 Champions League.

Therefore, I can pursue a career in this field as well. Furthermore, I hold a PhD in sociology in Europe. I’ve also been playing chess since I was 4 years old and was the European School Champion in 2000. Perhaps later I’ll become a teacher, professor, and even a chess coach. Diversity and versatility are always a wonderful thing!

The latest Bitcoin correction has put significant pressure on the core investment thesis of Michael Saylor and his company Strategy.

During the recent market move, Bitcoin briefly dropped below the $70,000 level, directly impacting Strategy’s balance sheet. At the time of writing, Bitcoin is trading around $69,403, marking its lowest price since October 2024 and reinforcing the growing bearish sentiment across the crypto market.

Unrealized Losses and Market Pressure

Strategy currently holds 713,502 BTC, valued at approximately $49.9 billion at current prices. With an estimated average acquisition price close to $76,000 per BTC, the company is now facing an unrealized loss of roughly $4.4 billion on its Bitcoin position.

This drawdown comes amid broader signs of market stress. Bitcoin ETFs have shifted from inflows to heavy outflows, with outflows reaching $544.9 million on February 4, signaling a clear reduction in institutional risk appetite.

Saylor’s Long-Term Bitcoin Thesis

Since 2020, Michael Saylor has positioned Strategy as a leveraged Bitcoin exposure vehicle. The company has consistently raised capital through convertible debt and at-the-market (ATM) equity offerings, deploying the proceeds into BTC accumulation. This approach — often referred to as a “Bitcoin flywheel” — has allowed Strategy to continue buying during both bull and bear market phases.

Despite the scale of the current unrealized losses, Saylor’s strategy remains unchanged. Strategy continues to treat Bitcoin as a long-term monetary asset rather than a short-term trade.

However, the approach has drawn criticism from more traditional investors. Market participants focused on equities, gold, and commodities frequently view Strategy’s Bitcoin-heavy balance sheet as an exceptionally high-risk allocation — especially during prolonged market downturns like the current one.

Strategy acquired its Bitcoin holdings at an average price of around $76,052 per BTC. Despite current market conditions, the company has continued to add to its position, most recently purchasing 855 BTC between January 26 and February 1, 2026, at an average price of $87,974 per Bitcoin.

The latest Bitcoin correction has put significant pressure on the core investment thesis of Michael Saylor and his company Strategy.

During the recent market move, Bitcoin briefly dropped below the $70,000 level, directly impacting Strategy’s balance sheet. At the time of writing, Bitcoin is trading around $69,403, marking its lowest price since October 2024 and reinforcing the growing bearish sentiment across the crypto market.

Unrealized Losses and Market Pressure

Strategy currently holds 713,502 BTC, valued at approximately $49.9 billion at current prices. With an estimated average acquisition price close to $76,000 per BTC, the company is now facing an unrealized loss of roughly $4.4 billion on its Bitcoin position.

This drawdown comes amid broader signs of market stress. Bitcoin ETFs have shifted from inflows to heavy outflows, with outflows reaching $544.9 million on February 4, signaling a clear reduction in institutional risk appetite.

Saylor’s Long-Term Bitcoin Thesis

Since 2020, Michael Saylor has positioned Strategy as a leveraged Bitcoin exposure vehicle. The company has consistently raised capital through convertible debt and at-the-market (ATM) equity offerings, deploying the proceeds into BTC accumulation. This approach — often referred to as a “Bitcoin flywheel” — has allowed Strategy to continue buying during both bull and bear market phases.

Despite the scale of the current unrealized losses, Saylor’s strategy remains unchanged. Strategy continues to treat Bitcoin as a long-term monetary asset rather than a short-term trade.

However, the approach has drawn criticism from more traditional investors. Market participants focused on equities, gold, and commodities frequently view Strategy’s Bitcoin-heavy balance sheet as an exceptionally high-risk allocation — especially during prolonged market downturns like the current one.

Strategy acquired its Bitcoin holdings at an average price of around $76,052 per BTC. Despite current market conditions, the company has continued to add to its position, most recently purchasing 855 BTC between January 26 and February 1, 2026, at an average price of $87,974 per Bitcoin.