While the future of Web3 gaming, as most of you remember it, remains fairly bleak, the traditional gaming market continues to experience YoY growth. Interestingly, one high-growth-rate sector in particular has been getting a lot of attention in recen... Read more

Summary

• Recessions are regime shifts that occur when fragile conditions meet a sufficient trigger. They differ greatly from a “normal” cycle, and are critical to identify in real time as the largest hit to risk assets always occurs at the beginning of recessions.
• An honest assessment of the first few weeks of the conflict in the Persian

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TLDR

BTC at $70,521 (as of March 13 when this memo was prepared) sits 7.8% above the $65,000 level that Polymarket traders currently assign roughly a 46% probability of being touched before the end of March. 

My BTC Game Theory model’s forecast engine produces a materially different estimate. Based on the current regime configuration and

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MetaDAO has surged in popularity on the back of a horrid backdrop for token markets. Built-in token holder rights, control over the treasury, the lack of instant gratification for the team, and fair launch optics are working in MetaDAO’s favor. On t... Read more

TLDR Strategy’s STRC preferred stock is quietly building a structural demand floor under Bitcoin, funded by Income markets that does not seem to care about crypto sentiment. STRC recorded $409 million in single-day volume on March 10 while 30-day p... Read more

With all of the token vs equity talk recently I think this is a very interesting proposal by Across. They are proposing getting rid of the token + foundation model to a single equity c-corp model. There are two main motivations for this: first of all... Read more

Given everything happening in global markets and around the world, we figured a short market update video was in order.

In this call, we discuss:
– The strength of the Israeli Shekel does not match up with expectations of an extended war.
– Today’s macro backdrop is much more resilient compared with the onset of the Russia-Ukraine war in

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The last few months have been a rough rollercoaster for Paradex. They went from doing over $3B in daily volumes to now settling at ~$300 million. They have caught an incredible amount of FUD, none of which really fazed me. Let’s touch on the first p... Read more

If y’all remember the BTC/GOLD chart and the 1W 9/21 crossover framework I’ve been tracking ever since we got that red downside cross, BTC against Gold has dropped -62.42%. The largest drop on record for this signal was -68.53%, and that was during... Read more

Venice is a privacy-focused AI platform. It has three main differentiators: Private: It doesn’t store your conversations or use them for model training. Processing is done through decentralized GPU networks, not central servers Uncensored: Unlike m... Read more