New forms of intelligence are evolving at an accelerating rate, yet the most widely used models remain fundamentally constrained—locked into human-defined training cycles, reliant on static pattern recognition, and often incapable of true independent thought. To unlock intelligence that transcends pattern matching, AI must move toward end... Read more

The Pudgy Penguins brand has proven remarkably successful with its consumer-focused strategy, accumulating billions of Giphy & Tenor views per month, tens of millions of Instagram & TikTok likes, and selling over 1 million Pudgy Toys (>$13 million in revenue) through big-box retailers like Walmart. https://storage.googleapis.c... Read more

Uniswap just launched Univ4 hooks. What’s next for the protocol and $UNI? Meanwhile, $UNI holders are pushing back against what they view as unfair treatment compared to Uniswap Labs’ equity investors, who capture most of the protocol’s value (excluding LPs). For context, these threads are a great summary of Uniswap history, and $UNI. htt... Read more

AI is no longer just a technology—it is becoming the infrastructure of power. Yet, its development remains locked behind the walls of a few dominant corporations, whose control over massive, proprietary data centers gives them outsized influence over the trajectory of its development. This stronghold of centralized power raises fundamenta... Read more

In a sea of red across my portfolio, a single green ticker stands out: JUP. Following the second Jupuary airdrop, Jupiter announced a series of impressive updates at Catstanbul that deserve our attention. Let’s examine the five most significant developments in the JUP ecosystem this January and their implications for both token valu... Read more

Ethereum’s FUD is at ATH as the community struggles to see a clear path forward, with increasing fragmentation between L2s and L1. Vitalik voiced his frustration on twitter, telling a community member advocating for a leadership change within the EF, ‘You are making my job harder’. The EF is a nonprofit organization responsible for suppor... Read more

The AI agent framework market is rapidly evolving, driven by the need for fast, highly precise, and performant solutions that can handle mission-critical workloads. While the Eliza framework by ai16z has gained popularity for its simplicity and ease of use with TypeScript, the RIG framework, developed by AI Rig Complex (ARC), offers a com... Read more

We are beginning to feel the light breeze, the early whispers of the level 5 hurricane which appears increasingly imminent. In the last two days, we have seen astonishing announcements from both sides of the Pacific. 1) DeepSeek / KIMI On Jan. 20th, DeepSeek, a leading Chinese AI lab, dropped and open sourced it’s R1 family of reaso... Read more

Jito Restaking is starting to get some momentum and I wanted to outline it all here. For a complete deep dive on Jito restaking (and restaking in general), read our report from November. As of today there is currently ~$179M in Jito restaking TVL split across 4 protocols. ezSOL – (Renzo) $80.2M fragSOL (Fragmetric) – $66M kyS... Read more

If the prophecy of AI Agents dominating blockchain activity is to be real, then AI Agent functionality in crypto must first proliferate. AI agents should go beyond being gimmicks and reply bros. The world of Agents beyond crypto is much larger and more utility-driven. AI agents in crypto will be a fraction of the overall AI agent mark... Read more