Join Tommy Shaughnessy from Delphi Ventures as he hosts Sam Lehman, Principal at Symbolic Capital and AI researcher, for a deep dive into the Reinforcement Learning (RL) renaissance and its implications for decentralized AI. Sam recently authored a w... Read more

Divergence Deepens – BTC Chart Says Pullback, HM Says Something Else.

R² has been all over the place post-April 17:

🔼 Climbs above 0.6

🔽 Collapses below 0.3 (Red Xs)

🔼 Climbs again

🔽 And today – another breakdown, putting in the 2nd Red X

This behavior suggests clear emotional misalignment between price and sentiment. And the d

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Reinforcement Learning in the era of LLMs requires scalable, distributed systems to push the boundaries of reasoning and alignment.

Today – we release Atropos – our RL environments framework. https://t.co/z5MCOorryo

Atropos is a rollout framework for reinforcement… pic.twitter.com/XuuznznFCJ

— Nous Research (@NousResearch) April 29, 2025

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The following conversation is a collaboration between Delphi Digital and SecondLane, in which experts discuss and aim to shed light on the opaque world of secondary markets in the crypto industry.

This conversation features Yan Liberman (Delphi Ventures), Oleg Ivanov, and Omar-Shakeeb (SecondLane), and addresses common misconceptions, de

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This is a follow-up AF to The Cost of Convenience. Call it a rant, if you want. More than anything, it’s a warning to myself, made public.

We might be experiencing a comfortable extinction of human agency. We might not even notice until there’s nothing left to decide for ourselves, as it presents itself as the most silent threat of a

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Rumors about a potential collaboration between World and OpenAI have heated up leading up to the upcoming World event on April 30. From an outside view this makes perfect sense, since:

1. Sam Altman is one of the three co-founders of World (previously Worldcoin)

2. OpenAI recently gated access to its newest models (o3 and o4-mini) behind id

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Let’s hope I don’t jinx this.

As long as BTC holds onto its current gains and closes positive today, we will have witnessed a full business week (Monday-Friday) of positive daily returns (red bars in the figure below).

That’s a fairly rare occurrence, only happening 13 times dating back to 2013. Using Friday as the reference date for the

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Bitcoin is liquidity’s mirror but with leverage.

I’ve been thinking a lot about how Bitcoin behaves across macro regimes, and I keep coming back to one core view:

👉 BTC is the cleanest, most reflexive asset for tracking liquidity in the system.

It doesn’t care about earnings, geopolitics, or narratives. When capital starts flowing, it

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First of all, huge shoutout to RedPhone who should be credited with most of the following alpha: https://x.com/redphonecrypto

What is OYL and Alkanes?

• OYL is a Bitcoin focused stack whose wallet, infrastructure, and upcoming AMM enable fully permission-less trading and tokenization on Bitcoin Layer 1. Alkanes is the name of the meta

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With the recent Initia mainnet launch, we’ve asked Delphi Oracle (our AI Assistant) to revisit the original report.

As a reminder, Delphi Oracle provides an interactive experience across all report pages, helping you dig deeper into our analysis. Here’s the Oracle’s summary of the Initia report:

Appchains Have Struggled Thus Far

• Appchai

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