Delphi Digital co-founder Kevin Kelly and Delphi’s Head of Research Ceteris discuss the latest trends in macro, crypto, and what they’re tracking right now.

This episode was recorded on May 1st, 2025.

AI Summary

Market Overview

• Markets showing positive momentum with green candles despite recent volatility
• Recovery happening after Libera

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Quick Summary May 2025 x402 (Coinbase) and h402 (BitGPT) are new payment protocols that work by implementing the long-ignored HTTP 402PaymentRequired status code. Their shared insight is that payment can be treated as a standard HTTP concern, enabl... Read more

A recent proposal (EIP-9698) by Dankrad was made to exponentially raise the gas limit on the L1. The plan would scale Ethereum’s gas limit by 100x over the course of four years. This comes at a time when sentiment around Ethereum has hit an all-time-low. And I’d argue that this sudden change in tone from the EF and the Ethereum community

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Berachain has their Boyco unlock today at 12:30pm UTC. Over the past month BERA has been incredibly weak, a 40% drop while basically everything is up a material amount. The chart is not pretty.

At 12:30pm UTC/8:30 AM EDT there will be $2B or so unlocking from Boyco’s pre-mainnet deposits. These deposits were locked before mainnet to

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Welcome to Delphi Daily, your concise roundup of the research, insights and reads shared in the members portal.

Antifun is a token launchpad that eliminates sniping and MEV opportunities by queuing transactions into timed epochs and settling them at a single price. The platform uses a bonding curve pricing mechanism with two-step settle

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With most of Ethereum’s activity offchain, the battle for MEV extraction is entering a new phase. In the last two weeks,  Arbitrum’s Timeboost and Unichain’s Rollup Boost both went live, and we’re seeing the first test of opposing MEV capture philosophies on L2s. One of them centralizes value for protocol revenue; the other distributes

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As promised – yet another market update video. With “Liberation Day”  and the volatile month of April in the books, where are markets heading? What’s next? Given the macro calendar, we are surely in for yet another big week.

If you have any questions, please comment below or message in the PRO telegram chat and I will do my best to get b

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There’s been an intense debate in the AI community about reinforcement learning (RL). RL is the training approach where AI develops skills through experimentation rather than following precise human guidance. Some researchers claim RL is dead, arguing it adds little value beyond what base models can achieve with sufficient compute. Others

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In an unprecedented breakthrough, Apple has announced that for the first time, NFTs and crypto payments will be allows in IOS apps. Eliminating one of the main blockers for consumer adoption of crypto and ushering in a new era for crypto-consumer applications and products.

Such a massive paradigm shift enables many previously unsuccessful

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If you’ve been in crypto long enough, you’re likely familiar with the “ETH-killer” meme – alt L1s claiming to overtake Ethereum as the market-dominant L1, only to fail miserably.

The irony is that indeed, no alt-L1 has come close to replicating the same network-effects as Ethereum – except maybe Solana; but that, Ethereum has in fact dug

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