BAT is Back

BAT is up 182% in 30 days, and nearly 4x off its Aug 14 ATL of $0.055. It’s a nine-year-old ad token that was part of the initial yield farming craze. It has no remaining unlocks, and some strong potential catalysts. Brave is one of the best consumer businesses touching crypto. The problem is, the team has not incorporated the

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TLDR

Robinhood spent its HOOD Summit pitching AI agents as the next generation of traders and more than 150,000 agentic accounts have opened since May.

However, currently Robinhood gives those agents no credit and in-app agents have no margin and customers carry all the risk for what their agents do.

Priors is one answer and it’s already

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TL,DR: the cost of intelligence is commoditizing via cheap open-source models. The Anthropic & OpenAI valuations are very reminiscent of the L1 premium fat protocol thesis. It’s difficult to justify a $2 trillion IPO valuation when Anthropic is operating at an $8.06b net loss ($42b if we don’t exclude non-cash charges*). And the constant

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PaperTrade is making the rounds with pre-deposits opening today ahead of its much-anticipated launch, one of the more exciting onchain game-theory experiments we’ve seen in a while for perp enjoyooors and gamblooors. The basic TLDR is onchain Rollbit... Read more

trade.xyz won the early RWA perp game but Paragon is making interesting moves to grab market share. And it’s worth paying closer attention to them. Paragon is a HIP-3 deployer and entered this space by competing with trade.xyz and other HIP-3 deplo... Read more

Jeff just went on stage at DAS 2026 and touched on onchain options multiple times. I listened back to this talk, as I’m obviously very bullish onchain options with my biggest exposure being Derive. My take has been that Hyperliquid will not attack... Read more

Back in January, we covered Zama’s unique token launch. It cleared at $0.05 ($550M FDV) and dropped sharply after, bottoming at $0.0167 on Feb 12 (a 67% loss for auction buyers). It hit an all-time high of $0.107 on Sept 23 and has been grinding higher since the February low. It now trades $0.083 (~$210M circ, $950M FDV).

Adoption

The li

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When Orbio launched on September 1st, the mechanism looked clever but narrow: pair ORBIO with tokenised NVDA and use part of the fees to pay for AI inference credits. It was easy to dismiss as another token with fee capture attached.

A month later, that description no longer works. Orbio has built a credit marketplace, a transferable infe

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Notional volume in September more than doubled compared to August, so here’s a quick onchain options recap (Sep vs Aug ’26): 

1. Notional more than doubled. September notional reached $4.829B, up 121.7% month over month. Every major venue except Rysk and Hypersurface grew.
2. Hypercall is on the board. Notional went from $9.4M to $538.8M, a 57

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With GRASS waking up with more clarity around its financials, I was taking another look around the DePIN sector. GEODNET caught my eye because there’s a business here that’s fairly easy to understand, a nice chart that’s made several daily volume ATHs recently, and already a clear link between people using the network and demand for the t

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