Today, Perception is out of beta. The narrative intelligence layer for digital assets is now live. Integrated at production scale by @BitGo, @Swan, @relai_app, and @BitcoinWell. (Sound on)

Tether got 56% more mentions than Circle last week. But only a third of them were positive. - @Tether : 933 mentions, 34% positive - @Circle : 598 mentions, 60% positive The interesting part is that on X alone, Tether looked fine at 55% positive. The rest of the market does not agree.

Circle launched @arc for financial markets and payments. On day one, memecoin launchpads produced 82% of its $410.8M in DEX volume. Do with that information what you will.

Founders and investors reacted very differently to the CLARITY Act. Founder posts leaned positive. Investor posts leaned negative.

Over the past year, Q2 2026 was the biggest filing window we’ve seen for crypto-related stocks (June 30 holdings, filed mid-August). More 5% disclosures than Q1, Q4, or Q3 on this tape.

This is what the crypto conversation looks like right now. Topology maps the entities in current stories, shows where they appear together and opens the sources behind every connection. See the whole conversation: app.perception.to

The digital asset discourse used to live in a thousand separate feeds. I'm wiring companies, people, products, and protocols into one graph that's ALIVE. Who's talking about whom. How a story jumps sectors. The whole conversation in one place. Moving.

Uncomfortable but obvious: Nearly all professional discourse in digital assets (protocol work, fundraises, partnerships, market-structure news) is produced inside G20 jurisdictions.

Fear & Greed is still flashing Greed at 57. Mention tone is already at 39 Pessimism (−11 on the week). Same useless meter.

Perception is Elite.

Conference panels are forgotten the second they end. Now they’re a channel you can search year by year. With timestamps.

So I use the @BTCPerception MCP to go through everything that has been said or covered regarding Bitcoin for each date going back to 2011. And I have it so it's programmed to send me an email whenever it finds predictions or statements done years ago that aged horribly. What's funny is through this system I have realized how much of these FUD pieces that were so clearly wrong about Bitcoin has actually been deleted by a lot of media outlets! In this example there's a 2017 article that Reuters published about Jamie Dimon saying Bitcoin is a fraud and when I click on the article today to see the article... I just get redirected to the main front page of Reuters. It's crazy, I almost see this every single day. There are SO MANY media outlets across the entire media landscape who just have gone and deleted all the bad Bitcoin takes that they've had.

Crypto media is colder on Bitcoin than TradFi right now. Crypto-native: 28. TradFi: 42. And crypto-native is the softest driver on the Index (−15) 😏

Liquid Network market interest dying down since September 7th.

The Fear & Greed Index seems to have adjusted down towards our directional level. Took them only 24 hours 😏

We measured Bitcoin mentions today. Bitcoin-scope Perception Index: 41 (Pessimism), −18 vs the prior 7 days. Fear & Greed Index: 69 (Greed). If your sentiment check starts with Fear & Greed, you are reading a lagging indicator while the sentiment already shifted to pessimism.

We checked Bitcoin posts from tracked voices over the last 14 days. Investors, brands, and founders stayed mostly positive. Developers did not. Across 220 developer posts, 38% were negative and 26% were positive. Serious sentiment shift among devs.

We measured Bitcoin mentions today. Bitcoin-scope Perception Index: 44 (Pessimism), −23 vs the prior 7 days. Fear & Greed Index: 66 (Greed). If your weekly narrative check starts with Fear & Greed, you are reading market mood while mention tone already sat in pessimism. perception.to