While people have loved to mock Drift, they have quietly been ramping up activity recently, hitting their first $1B volume day after a week of >$550M/day.

According to their founder the main reasons are onboarding new mm’s, their protocol owned amm, retail activity and ofc performance upgrades (and the ZERO fees on BTC & ETH introduced

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Everyone for the next 33 days

Back in April, I pointed to a clean structural repeat forming on the TOTAL3 chart, which tracks the total crypto market cap excluding BTC and ETH. The setup mirrored the July to November 2024 breakout with surprising precision. Price structure, volatility compression, RSI behavior, and Fibonacci retracements

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Since my last alpha feed post, Pengu has basically dumped and revived in the span of a few months. This post provides an update on Pengu changes and examines what might be driving the recent volatility.

Where does Pengu stand?

Pengu is a tricky asset to value because it’s hard to quantify how relevant cultural attention is to buying deman

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Pump Fun is a controversial app. It’s one out of a handful of crypto’s breakout apps over the last few years, but its also extremely hated.

And the haters have a point. Pump Fun has objectively had a net negative effect on onchain wealth distribution. Most people who traded on it, or traded coins issued on it, lost money. Over 60% of addr

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As of yesterday’s close (2025-07-13), the Delphi BTC Top Signal intensity reading was 61.8. The past two cycles saw the intensity register above 80, suggesting that we are not yet running hot.

A backtest of the current positioning shows that we could see further upside over the next 1-3 months. Here is the full report:

CURRENT SITUATION

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Crypto is gearing up for another halving, but this time it’s not Bitcoin. Bittensor – branded as the “Bitcoin of Intelligence” – is approaching its first halving event, projected to occur sometime between December 2025 and February of 2026. 

Like Bitcoin, TAO has a hard-capped supply of 21 million tokens and uses scheduled halvings to con

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Join Tommy Shaughnessy as he dives into the world of Dev.Fun with founders Devlord and Robi. Dev.Fun is revolutionizing app creation by enabling anyone — regardless of technical background — to build and launch applications using AI-powered vibe codi... Read more

As of writing, I have just finished a show where AJ Warner of Arbitrum appeared to discuss the new Robinhood L2, which utilizes Arbitrum Stylus as part of its tech stack.

To understand the Robinhood L2, we must first understand why they chose Arbitrum Stylus. Ultimately, AJ stated that Robinhood’s end goal was to create a tight feedback

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BTC Top Signal

With BTC hitting a new ATH, our underlying intensity readings are nowhere near overheated, suggesting that there is room to run. We will begin to flash warning signs once we record intensity readings in the range of 75-80. Until then, let’s goooo!

Recall that we recently posted about the Top Signal indicating bullish condi

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Over the last ~6 months, a handful of relatively unknown AMMs have quietly captured an overwhelming share of trading volume on Solana. SolFi, ZeroFi, and Obric now account for over 57% of total trading volume on Jupiter.

However, unlike the standard design, these AMMs are proprietary, closed-off liquidity venues built specifically to ser

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