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Today we released a report on Crypto Art....We shed light on an eclectic mix of the artists contributing to the growing ecosystem....One of the appealing aspects of Crypto Art more broadly is that nothing needs to be built for the core...Artists have historically been pioneers, risk takers, and sought to push the envelope.
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2 Min
NFTs
Oct 2020
Besides collecting and acquiring AI artwork, what if you could own the AI artist instead?...Periods in Botto are time intervals in its artistic production that are characterized by artistic tendencies...The Pipes and conceptual videos were created by Lucas Salinas, a 3D artist living in Spain.
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16 Min
NFTs
Mar 2023
Today, there are hundreds of different crypto cards to choose from, many of which offer marginal improvements...
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Stablecoins
Jun 2026
Pair trading remains the most underutilized edge in crypto....Pair Trading
DELPHI DIGITAL | PAIR TRADING IN CRYPTO
100% of P&L driven by your actual thesis
1 Bet...market direction (beta)
HYPE-specific alpha
Long HYPE / Short SOL
USD strength trajectory
Crypto...Crypto market direction (beta)
I.
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Macro & Markets
Feb 2026
But not in the trenches of crypto....Unless you’re a short artist, it’s damn near impossible to make money in this environment....Winters are where the biggest returns in crypto lurk.
...Crypto is no longer a new asset class for most people....Moreover, the technology underlying the crypto market has continued to advance, with blockchain and crypto...
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17 Min
Macro & Markets
Mar 2024
...to enter crypto...., NASDAQ is about to launch its crypto custody business, Soros Fund Management has said “Crypto is here...If you aren’t familiar with how crypto cycles work, it goes something like this:
1....As it stands, the crypto market has been held back mainly by a lack of liquidity.
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7 Min
Asset Management
Jun 2023
From Capital Markets to Crypto Treasuries: A New Corporate Blueprint
The Rise of Public Crypto Accumulators...to systematically acquire crypto assets....The First Public Crypto Accumulator
Public crypto accumulation did not begin as a widespread strategy...What Is a Public Crypto Accumulator?
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31 Min
Macro & Markets
Jun 2025
...and equities, right, crypto and stocks....Repeated stories about her campaign reaching out to folks in the crypto....But what’s interesting is when people reached out to the crypto community, the crypto community basically...I was going to say it’s, it’s not crypto being important, but it’s not just crypto.
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Macro & Markets
Jul 2024
This week we focus almost entirely on crypto markets (with a bit of TradFi)....As crypto natives like to say, the denominator is worthless....BTC is BTC, and crypto now generally refers to ‘everything else’....administrations in terms of crypto policy....markets and crypto regulation....Is It finally gametime for crypto? Tune in and find out...
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16 Min
Macro & Markets
Oct 2024
While defensibility is often an afterthought for crypto investors, I would argue the concept of a moat...is even more important in the context of crypto markets....This is due to three structural differences uniquely underpinning crypto apps:
Forkability: The ability...By tweaking this framework slightly, we can apply this same logic to crypto markets while taking into...
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36 Min
DeFi
Aug 2024
...publication designed to keep our readers informed about the most important and timely developments in the crypto...— fejau (@fejau_inc) August 19, 2024
Hilariously, the equity markets have put in the V-bottom that crypto...The lack of relative strength between crypto and traditional markets is worthy of pause, and may indicate...
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11 Min
Macro & Markets
Aug 2024
The Curse of Crypto Options
It’s no secret that most CT participants have PTSD about crypto options....In crypto, the premium is even more pronounced....The Institutional Migration to Crypto Options is Accelerating
Monthly crypto derivatives volume reached...
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36 Min
Macro & Markets
Nov 2025
Bigger Than Binance: How Pump.fun’s $1.3B Raise Sets Up Crypto’s Most Hated Rally
In my last memo, I...dominate the meme economy on Solana going forward, despite all the negative sentiment around them on crypto...they didn’t deliver, but crypto became synonymous with FTX and vice versa)....rather than a crypto-native activity.
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30 Min
DeFi
Jul 2025
Quantitative Comparison
5 Mar 2026
Hyperliquid vs Lighter
A Piece by Trevor King
Were in 2024
Where Crypto...Equity perps today look like crypto perps in 2024....think if this is the future you subscribe to you forget about what just happened last year with the crypto...
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DeFi
Mar 2026
Sphere provides crypto-fiat payment rails, Solana Pay integrates seamlessly with Shopify, and TipLink...enables crypto transfers via email....principle of crypto: self-custody. ...Crypto x AI Opportunities
The emerging Crypto x AI landscape presents a strategic opportunity for Squads...
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26 Min
Infrastructure
Feb 2025
Vision’s Raoul Pal and Delphi Digital’s Kevin Kelly are back to discuss the latest trends in macro and crypto...to 2016-2017 and 2019 cycles
Why BTC has lagged the stock market and gold’s recent price rally
Will crypto...And the breaks above all-time highs are not, it’s not just a crypto or a Bitcoin thing.
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Macro & Markets
Oct 2024
Transcript:
00:08 • Ash
Welcome to Crypto Insider Talks....It feels like they’re going to use existing crypto rails, from what I hear....Now, if you are a crypto gazillionaire, then maybe you want to think of other ways of storing your crypto..., I think, is my favorite crypto show now.
52:27 • Raoul
Of course it is.
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53 Min
Layer 1 / L1
May 2023
Pal, Kevin Kelly, and Ash Bennington engage in a comprehensive discussion on the current state of the crypto...range of topics in this conversation, including:
The impact of peaking rates and loosening policy on crypto...offramps in the US, and how other countries like the UK, Hong Kong, and Singapore may step up in terms of crypto...
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2 Min
Macro & Markets
Mar 2023
In July’s Crypto Insider Talks, Ash Bennington, Raoul Pal, and Kevin Kelly discuss key topics: Ripple...In July's Crypto Insider Talks, Ash Bennington, Raoul Pal, and Kevin Kelly discuss key topics: Ripple...
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1 Min
Layer 1 / L1
Jul 2023
Macro & Terra Unwind Exacerbate Pressure on Crypto Market
Weeks like this feel like an eternity in...crypto given all that’s happened over the last several days....UST peg, and the collapse of LUNA’s value, has exacerbated bearish sentiment and downward pressure on crypto...Crypto isn’t going anywhere, anytime soon....crypto given all […]...
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9 Min
Macro & Markets
May 2022

















