Part-time crypto investor, I write about protocols, prediction markets and new ideas Experienced in capital markets and IPOs
blockchain
Joined January 2010
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Anthropic's IPO now targeted for mid-November.
Pre-IPO markets showing a $1.8tn valuation. SpaceX listed at $1.77tn.
Going to be a liquidity drain.
Some opportunities on @Polymarket for LP.
Soneium finally announced a token
They are focusing on tokenized IP. Reminds me of Story Protocol (IP) and Camp Network (CAMP). Both have fallen off big time.
@soneium's strong Japanese partnerships could be the difference.
I used Soneium a bit. Didn't farm it. How about you?
Why is @predictdotfun even thinking of a token now?
They should be building real scale.
Binance Alpha listed $PREDICT pre-market perps. People floating bullish numbers like $1bn FDV, even $1.5bn.
Why?
predictdotfun is less than 5% the size of Polymarket.
Users are mainly in Asia Pacific. How much of current volume is organic vs airdrop farming?
They should be focused on building real scale, broadening their user base.
Building a real business.
Look at Opinion Labs. $OPN is barely $50m FDV.
Why so keen to monetize?
So much weak sauce. Shaky week ahead with FOMC and guessing games in the Middle East.
What are we even doing here? Even Arthur Hayes dumped his whole bag😂
Have a good weekend, legends.
Thankful for every day we are still here.
What are the plays this weekend?
Combos make things more interesting on @Polymarket.
EPL this weekend. Chelsea probably has too much firepower for Spurs.
I'm taking some of that 2.4x.
Is Kaito really back?
Lots of people are saying Kaito is back after Axis Robotics rewards.
But base:0x98d0baa52b2d063e780de12f615f963fe8537553 is still down bad with not much movement.
Staker rewards were underwhelming. 0.05% was allocated to stakers.
For staking 5k tokens, you were getting average $68 at $300m FDV.
5k tokens would cost around $1.4k. Or if you did YT on Pendle, depending when you bought, it would have cost more than $100.
It's not bad but it's not creating excitement.
Stop getting farmed...
The top 10 list of protocols by revenue is dominated by stablecoins issuers, perps dexes and memecoin apps.
That's why every trading platform is incorporating perps and so many aggregators trying to skim fees.
And then you have @papertrade_xyz. 1000x leverage for the degens and whale traders.
They sneaked in the top 5 because airdrop farmoors thought they were getting another Hyperliquid.
They just announced they have no plans to make $PAPER transferable. Revenues tanked since.
Did you burn money too?
Perps dexes are mostly running off airdrop farmers hoping to hit the "next Hyperliquid".
How many actually will? We're just getting farmed, bro.
So everyone thinks a $HYPE airdrop is now confirmed?
Everyone is talking about Hyperliquid's submission to the SEC. S3 is "coded"😂
Hyperliquid is basically asking the SEC to exempt airdrops from US rules governing securities offerings so that US residents can receive future drops.
Looks positive.
Meanwhile, farmers will continue to burn money...
Well, it's better than burning money on papertrade_xyz isn't it?
This chart shows you what's going on with Robinhood.
$PONS was almost $1bn FDV in early September before falling more than 70% to $275m.
Trenchers moved back to Solana it seems. Hope @RobinhoodApp have big cards to play.
My RH bag needs it.
So are we still preparing for Black Monday?
It's not that easy is it? If only we always knew when it was coming.
Have a good week.
🤖 Made with AI
Murkiwaters 🦑⛩️ retweeted
hear hear
i've invested in 75+ projects and founders in this space
sure the price action isn't ideal but serp is one of the good ones and i am infinitely happier with my investment in ethos over 90% of the other vaporware projects and fairweather founders that have graced the crypto space over the last 5 years
serp has shown up every day forever trying to solve a real problem and idc whether my investment goes to zero or not (btw spoiler alert, when you invest in early stage companies you should expect your money to go to zero more often than not cause BUILDING SHIT IS HARD)
sure there are things that could have been done better but i'll never jump on the hate train for serp, he's a real one and if he ever has another venture i'll back that too regardless of how ethos/whuf/etc turns out
and i'm still optimistic cause ethos is a legit product and a solution to a very real problem in crypto (and the world), and serp and the team are still showing up and planning and building and shipping and that's exactly the type of founder i will always want to bet on
I'd normally have all reasons to be mad at @serpinxbt:
1) i'm an Ethos Echo investor (we got completely ran over)
2) i was one of the largest holders of XP on the platform
3) i invested again in the sale
4) i hated the ticker before it was cool (tbf it has a story etc etc i got it)
However, I'm really bothered by the accusations that Serpin only cashed in his bag lol with all the warranties at 85% (i exercised mine) the team is gonna get next to nothing from the sale, unless maybe at least they're yielding the un-exercised cash.
It's also pretty clear how hardcore Serpin is working and it's pretty clear that Ethos is trying to solve a problem in this space. The format of the sale was far far from extractive. Maybe it's gonna work, maybe not. You can always exercise your warranty and cash out or buy back in much lower, or just wait (since it lasts one year).
Throw away your Ledgers boys and girls.
Can't believe I have 3. Smashing them up. @Ledger
Not putting up with this tone deaf nonsense.
Still lots of opportunities in @Polymarket when the market is slow. Good week for me.
Also hunting in the trenches. Shill me accounts to follow on Fomo.
Have a good weekend.
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OK not all of it😂
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Readers added context they thought people might want to know
Signing up or depositing alone earns nothing. Per pump.fun’s terms, the reward equals the new user’s first fiat purchase (max $50). It is paid in installments only if they trade on 5 separate days within 10 days; otherwise it’s forfeited. pump.fun/docs/referral-…
