Four weeks ago, we examined a collection of GameFi projects that had recently emerged from stealth or kicked off their content cycles. The underlying thesis was that market participants had grown tired of repetitive memecoin speculation patterns and sought novel environments governed by new speculative rules. A few of these projects exhib
...Yesterday
Circle files for IPO
BREAKING 🚨
circle officially filed for IPO today (S-1 with SEC)
quick numbers:
• revenue: $1.7B (+16% YoY)
• EBITDA: $285M (-29% YoY)
• net income: $155M (-42% YoY)
• valuation: targeting ~$4-5B (feels a bit low imo)
market sentiment is mixed:
• some bullish, think it’s undervalued considering USDC’s $60B market cap
• others cautious due to declining profitability & margins, especially given current macro conditions
commentary:
• IPO filing is massive for crypto ↔️ TradFi integration, ma...
4 hours ago Tweets
Moody Salem of Ekubo on The Rollup pod
NEW EP: Uniswap, Ekubo, and the Rise Of Innovative DEX Designs
Most DEXs focus on new features, but what if they focused on fundamentals instead?
In today’s episode, @robbie_rollup sat down with @sendmoodz, CEO of @EkuboProtocol and @bsturisky of @Starknet to cover:
> Can a DEX really mine its own function selector to save gas?
> Why Moody bet on Starknet over Ethereum
> Are Appchains a trap?
> TWAMMs
> What happens when ETH and BTC liquidity settle on the same rollup?
Full episode links ......
9 hours ago Tweets
Sonic ecosystem projects to watch out for
Sonic ecosystem projects to watch out for
Lending
@eulerfinance: Custom lending markets
@aave: Battle tested money market
@SiloFinance: Isolated lending markets
Liquid Staking
@Lombard_Finance: BTC staking on Sonic
@beets_fi: Liquid staking for S
@OriginProtocol: Yield trading
@SolvProtocol: BTC staking
Yield
@roycoprotocol: Liquidity incentive market
@spectra_finance: Permissionless yield protocol
@PeapodsFinance: Volatility farming
@pendle_fi: Leading yield trading platform
@StableJack_xyz:...
11 hours ago Tweets
Kain - Is ETH Doomed?
I have a weekly call with @hjmomtazi to discuss the market. We spent almost the entire call this week debating whether ETH is doomed.
12 hours ago Tweets
Ambient, SVM compatible PoW L1 underpinning an AI model, comes out of stealth (DV Port Co)
Could not be more excited for Ambient to come out of stealth
At @Delphi_Ventures we are proud to have co-led their first round and to participate in this most recent round
Ambient's founder @IridiumEagle is a ridiculously smart, genuine and a 1st principles thinker. We're honored to be investors in his Crypto x AI vision 🤖
You've heard of IridiumEagle before through his response to @leopoldasch 's paper called http://situational-blindness.ai and he's been a frequent guest on our own po......
1 day ago Tweets
31st March 2025
The Waters of March
“A stick, a stone
It’s the end of the road”
Despite sentiment being down across much of the cryptoverse, the price of BTC did what it typically does in March – flounders and grinds a bit lower.
Borrowing a bird analogy, this is the finch’s perspective. Finches (and other songbirds) can only fly so high. If we climb in altitude a bit and
...
anonymous
Way Down We Go? - Market Update 3/31/2025
As promised – a follow up market update given the tariff situation as we approach Trump’s April 2nd “Liberation Day”.
If you have any questions, please comment below or message in the PRO telegram
...anonymous
The Case for $GUN
Off The Grid presents the industry’s best opportunity to demonstrate onchain economies at undeniable scale, and deliver crypto’s first truly impactful consumer product. TL;DR: Gunzilla has done the hard thing: delivered a world-class game capable...
anonymous
Barter Superposition v1
1) We’re launching something new! Not an upgrade. Not a fork.
Meet Barter’s Superposition v1. We introduce a new way to provide liquidity — Distributed Liquidity Layer inspired by Schrödinger’s idea of superposition. Your assets are in two states at once: 💳 Earning yield while being fully accessible 🗝️ There is no more need to lock your tokens in smart contracts. Available when you need them. Productive when you don’t.
1 day ago Tweets
28th March 2025
MSTR Follow Up: Breaking Down STRK & STRF
Back in November, nearing peak euphoria, MicroStrategy (now just Strategy) finished the day as the second most traded stock in the U.S.—right behind Nvidia ahead of their own earnings release. Trading at a 3.4x premium to NAV at the highs, MSTR quickly made use of the premium and raised billions of dollars, continuing to reinforce its rol
...
anonymous
Is The Market Carnage Over?
The article discusses the latest trends in macro and crypto presented by Real Vision's Raoul Pal and Delphi Digital's Kevin Kelly. Recorded on March 26, 2025, the panelists delve into Bitcoin price movement and market conditions. Join the conversation by leaving a comment on the post.
4 days ago Reads
Is The Market Carnage Over?
Welcome to Crypto Insider Talks. In this month’s episode, Real Vision’s Raoul Pal and Delphi Digital’s Kevin Kelly are back to discuss the latest trends in macro, crypto, and what they’re tracking right now.
This episode was recorded on March 26th, 2025.
Summary
Market Discussion
- Panelists discuss Bitcoin price movement and market condi
anonymous
Just a moment...
This article discusses the impact of the cryptocurrency LUNA on the Terra crash, resulting in a $200 million settlement with Galaxy Digital and the New York Attorney General's office. Galaxy was accused of violating laws by promoting an asset without disclosure. The article details how Galaxy's actions allegedly contributed to the rise and fall of LUNA's value, ultimately profiting in the hundreds of millions. The settlement requires Galaxy to pay $200 million over three years and implement p......
4 days ago Reads
27th March 2025
March 2025 Newsletter: AI's Impact on the Investing Landscape
The newsletter discusses the impact of artificial intelligence on various sectors, including investing and politics. It highlights the challenges of achieving human-like AI in portable robots compared to datacenter AI. The article also covers Ray Kurzweil's estimates on human brain processing power and the energy efficiency of AI systems. It emphasizes the slow progress in creating economically efficient humanoid robots and suggests that AI will transform white-collar tasks more rapidly. The ......
5 days ago Reads
Disruptors - Grass Demo Hour
Welcome to Delphi Ventures’ Grass Demo Hour. In this session, Andrej presents an overview of Grass Protocol’s infrastructure and business model. He discusses their global network, data processing operations, and current revenue streams.
The presentation covers Grass’s technological roadmap and plans for upcoming products including mult
...anonymous
3Jane Integrates With Plaid
1/ We're excited to announce our integration with @Plaid to allow instant bank connections.
At launch, cryptonative borrowers will be able to boost their credit lines by connecting bank and CEX accounts across +12,000 U.S. financial institutions.
5 days ago Tweets
Hyperliquid dodged a $13.5M bullet
Hyperliquid just dodged a $13.5M bullet—but it exposed a critical flaw in decentralized trading.
Here's how one trader almost broke the system and how we can stop it from happening again.
🧵
5 days ago Tweets
Sui's Walrus Mainnet Live
The time is now: Walrus Mainnet is officially LIVE.
We’re here to fundamentally transform how apps use and engage with data — empowering you to do more with your data, blob by blob.
Ready to build? Go 👇
https://walrus.xyz/
5 days ago Tweets
26th March 2025
Directions For DeFi (Part 1): Institutional & Offchain
Disclaimer: This and the next AF will be a summary of my ramblings about DeFi in the last few weeks. These ramblings stem from a discussion from our research call where we ended up debating whether DeFi is going through stagnation phase.
DeFi summer is now on the verge of crossing the five-year threshold, transforming from a niche experi
...
anonymous
CME Group, Google Cloud Explore Tokenization Services
The derivatives market giant aims to modernize financial markets through asset tokenization using Google Cloud Universal Ledger.
7 days ago Reads
25th March 2025
Nikita Bier Joins Solana as an Advisor to Push Consumer Apps
While the jury is not out yet, Solana has the fundamental building blocks for something to break out on mobile and certainly many apps are making headway.
So today I’m joining @Solana as an advisor to help select companies launch & grow their apps.
For a couple years I've been discussing with @rajgokal and @aeyakovenko ways to get more involved. The ecosystem has now matured to a point where Solana apps can now top the charts so I'm ready to help build. More details to come.
7 days ago Tweets
Abracadabra Exploited for $13M
GMX(@GMX_IO) and @MIM_Spell related contracts were hacked for ~6,262 $ETH($12.9M).
https://arbiscan.io/address/0xaf9e33aa03caaa613c3ba4221f7ea3ee2ac38649
The hacker has bridged 6,262 $ETH to #Ethereum and transferred to 3 new wallets.
https://etherscan.io/address/0xa8f822e937c982e65b0437ac81792a3ada76a1ff
https://etherscan.io/address/0x047c2a3dd1ab4105b365685d4804fe5c440b5729
https://etherscan.io/address/0x018182fd7b856aee1606d7e0aa8bca10f1cb0b5d https://x.com/lookonchain/status/190450863468153...
7 days ago Tweets
24th March 2025
Berachain — Proof of Liquidity (Cheat Sheet)
A new tool that blends your everyday work apps into one. It's the all-in-one workspace for you and your team
8 days ago Reads
Infrared: Flywheels and Benefits
8 days ago Reads
Best LLM video explainer ever by Andej Karpathy. H/t Can Gurel for the share.
This is a general audience deep dive into the Large Language Model (LLM) AI technology that powers ChatGPT and related products. It is covers the full traini...
8 days ago Media
Kraken Looking to Raise $1B Debt for Expansion Efforts
According to Bloomberg, crypto exchange Kraken is working with Goldman Sachs and JPMorgan on a potential debt raise of up to $1 billion to support expansion efforts, not operational needs. The company is also considering an equity raise. Kraken is preparing for a potential IPO as early as the first quarter of next year, amid a more favorable U.S. regulatory environment. https://www.bloomberg.com/news/articles/2025-03-24/crypto-exchange-kraken-explores-up-to-1-billion-debt-package?utm_content=bus...
8 days ago Tweets
BTC Coming Home? - Market Update 3/24/2025
As promised – a follow up market update given the continued bounce across risk markets over the last week.
If you have any questions, please comment below or message in the PRO telegram chat and I will do my best to get back to you guys.
Summary
The markets are showing signs of life after a significant pullback, but multiple resistance
...anonymous
dYdX launches buyback program
Bullish on DeFi as more protocols activate their fee switches:
dYdX just launched a buyback program using 25% of its net protocol revenue, which was $46M in 2024.
Aave about to start $1M buybacks, and FLUID should announce it soon, too.
We also have $HYPE, $MKR, $RAY, $GMX and others.
As more DeFi protocols turn fee switches, it puts pressure on other teams to follow, notably $UNI
Still, buybacks may not help pump tokens as @defi_monk recent post shows. Fee switches focus token evaluatio......
8 days ago Tweets
The On-Chain Perpetual Order Book: The Aftermath Advantage
The On-Chain Perpetual Order Book: The Aftermath Advantage
Today I want to discuss why fully on-chain order books represent the future of DeFi trading, on Sui, and how @AftermathFi is pioneering this approach with our perpetual futures platform.
8 days ago Tweets
Berachain POL is Live
Proof of Liquidity is live.
Berachain's block rewards now work for you, fueling the applications you use and rewarding economic activity.
The era of earning more starts today.
8 days ago Tweets
Announcing the winners of the Delphi Research Challenge
🎉 Announcing the winners of the Delphi Research Challenge! 🎉
Thank you to everyone who participated! Some stats before we get into the winners:
🔷 We received over 80 submissions.
🔷 5 stood out for exceptional research.
🔷 We ended up making 3 hires from this competition!
8 days ago Tweets
OpenAI Chief Sam Altman’s World Network in Talks with Visa for Stablecoin Payments Wallet: Source
The move will make World Wallet into a "mini bank account" for anyone who wants it, according to a person familiar with the plans.
8 days ago Reads
22nd March 2025
Robotics: The Third Wave of AI Speculation
Andrew Kang will likely become a billionaire in the coming years, and not from crypto. If you’ve been doomscrolling CT over the past week or so, you may have noticed one of the many hyperbolic takes he has on the future of robotics.
https://x.com/Rewkang/status/1900018011404460428
And his claims that this sector will reach “decatrillio
...
anonymous