Summary

• The macro outlook heading into the ongoing “Iran Shock” was more resilient across a number of factors vs the macro outlook during 2022’s Russian invasion of Ukraine.

• While it is always possible for the Iran Shock to morph into a more prolonged crisis, this is not our base case for now. Persistently higher oil prices over the co

... Read more

MetaDAO has come down to ~$4 ($90m market cap) after the potential breakout at the beginning of the year along with overall weakness in the market. There have been some recently developments worth tracking.

First, raises have cooled considerably since the Ranger Finance raise which has not gone great. After Ranger, MetaDAO attempted to d

... Read more

The Strait of Hormuz is about 21 miles wide at its narrowest point. Roughly a third of all seaborne crude passes through it. Earlier this week, Iran moved to restrict access to the Strait. That’s a lot of pressure on one choke point, and markets noti... Read more

Wanted to quickly put World Markets on your radar. Been following them for a couple of weeks ahead of the MegaETH launch and their team is cracked. It’s a fully onchain DEX with universal margin → spot + perps + lending unified. So, you can earn yi... Read more

The vibes in D.C. this past Tuesday were somewhere between a corporate merger and a bar fight. After months of the CLARITY Act sitting in legislative gridlock, the Trump White House locked the banking industry and the crypto heavyweights in a room fo... Read more

Last time we covered Ostium was in our Year Ahead reports. First time was in July 2024 when it was still on testnet. Much has happened since then. Total volume traded exceeds $39.4B. Total fees sit at over $18.5m. Gold (XAU/USD) is the most traded... Read more

While we may feel drowned in blockspace with new chains and new apps, MegaETH’s go-to-market and mainnet launch have felt surprisingly refreshing, at least to me. I really enjoy their whole aesthetic, design, comms, etc, and how alot of the ecosystem... Read more

BTC has flipped back into a MIXED regime following a 33-day Cooperation stretch, signaling a transition phase rather than a confirmed trend continuation. Historical regime behavior suggests markets typically require a sustained 20+ day return to Coo... Read more

pain pain pain pain pain.

Most crypto participants right now are bereft of hope, sending old tweets into various group chats to feel nostalgic for a past, more hopeful time when crypto’s outlook felt so sure, trailblazing, and contrarian.  The current wallowing seems less about price performance (though that has been painful aside from HY

... Read more

I was frustrated there wasn’t much data aggregation for Lighter and $LIT so I vibe coded this dashboard.   Now you can do some Lighter sleuthing – trader leaderboards, wallet PnL, volume trends, market activity.

For now the app is just hosted on vercel: https://lighter-research.vercel.app/

This product is in beta a... Read more