My AF post about being bearish on Bitcoin mining stocks was correct. With one notable exception, miners have drastically underperformed Bitcoin YTD. However, CleanSpark has managed to buck the broader trend and has performed almost as well as Bitcoin. CleanSpark’s performance begs the question, what is their secret? What are they doing di

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Actively Validated Services built on top of Eigenlayer launched alongside Eigenlayer mainnet on April 9th, 2024. 

Before Eigenlayer launched, AVSs were applications that utilized decentralized, independent consensus mechanisms to validate transactions. Eigenlayer changed this by allowing AVSs to tap into Ethereum’s validator pool instea

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I can’t help but consider we have entered into one of those classic Soros-inspired, ultimately unsustainable, self-reinforcing cycles where larger U.S. deficits actually drive the dollar higher.

At a high level:

Larger deficits -> above trend growth -> sticky inflation -> rates remain elevated -> dollar inflows -> less competitive exp

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We wanted to alert members that Morpheus’s token goes live on May 8 , this Wednesday.

Morpheus is a crypto x AI project whose fair launched attracted over ~$400M in stETH deposits to bootstrap the project within two weeks of launch.

In anticipation of the launch we hosted a core developer of Morpheus, David Johnston, on our pod

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Aave Labs recently submitted a proposal to the DAO to develop Aave 2030.

Aave 2030 aims to continue expanding Aave as the dominant DeFI platform. This proposal requested a grant of 15M GHO + 25,000 stkAAVE. 

Aave Labs published a separate temp-check on building Aave V4. 

V3 introduced many improvements including increased capital efficien

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With many new rollups launching (each with their own structures!) I thought it would be worthwhile to give an overview of the benefits of shared sequencers.

A rollup sequencer is a node that that picks up rollup transactions from L2 mempools, batches the transactions together, and then finalizes the transactions on Ethereum.

The majo

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Given the drama surrounding the EigenLayer points airdrop, I could think of only one thing: memecoins. EigenLayer is a project with tons of hype and promise and some of the best VC backers in the space. Unfortunately, despite the hype, their airdrop has garnered a lot of criticism – something we see repeatedly in the space. Criticism arou

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In the first week of January 2022, we put out a report titled, “Why Bitcoin Is Behaving Like It Should”.

The premise of it was simple — several macro tailwinds that had helped propel BTC and crypto assets to new highs during 2020-2021 were reversing course.

We cited rising inflation concerns, tighter financial conditions, and a stronger U

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The Blast Jackpot has created gold incentives for Blast native tokens and NFTs.

 

Previously, native blast tokens faced a significant issue: ETH and USDB were rewarded with Blast Gold & Points, while blast native tokens and NFTs were not. Holding Blast tokens was effectively -EV when accounting for Blast incentives.

 

The Blast Jackp

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