The Tower’s Still Standing. But for How Long?

You ever play Jenga with that one friend … the fearless one? The one who keeps pulling blocks from the bottom, stacking them higher, laughing every time the tower wobbles while everyone else watches  **holding their breath**  waiting for it all to collapse?

But sometimes … the tower just do

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

New payment protocols, x402 and h402, transform online commerce by enabling direct machine-to-machine payments using cryptocurrency within standard web communications. This approach eliminates traditional payment barriers, all

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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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