James 🔼

2023: Corona ended 2026: Hantavirus

Facts 🎯

🔥 setup from @solanaspaces feat. @thecardcade

@thecardcade 👀👀

2 days left! Pikachu Crown Zenith auction cardcade.fun/shop?highlight… #tcg #pokemoncards #pikachu

Telegram gave the world a communication layer. Nobody built the operations layer on top of it. So teams compensated. They named their sales pipeline "Leads FINAL 🔥" and hoped for the best. They added new hires to 31 chats manually. One by one. Every single time. Pinned messages became a task manager. The search bar became your CRM The layer was always missing. Amua builds it.

The crypto industry runs on Telegram. It’s our digital HQ. But there’s a massive problem: We are trying to build multi-billion dollar ecosystems using a "retail" messaging architecture. It’s creating a massive Scaling Tax on every team. 🧵

@StaniKulechov 🫡🔥

Aave is my life's work and we're working nonstop to find the best possible outcome for users. I’m personally contributing 5000 ETH to DeFi United as we continue working together with partners on formalizing more commitments. I’m working to see this resolved and market conditions normalized as soon as possible. DeFi United.

@alpha_pls Well put

Is $HYPE consensus? "HYPE is consensus" assumes the buyer pool is saturated. I've seen a lot of suggestion on CT that HYPE can't possibly be like $SOL last cycle because everyone owns HYPE and thinks it is going to do well. Is this actually true though? Thought it could be interesting to compare the holder base of HYPE right now to SOL in Q1 2023 to see how it stacks up. The cleanest cut of the data is native stakers on both sides. HYPE has 48,800 stakers on HyperCore right now (HypurrScan, live). SOL had 557,906 average delegators in Q1 2023 (Messari's State of Solana Q1 2023 report). That's an 11.4x gap. And 558k was a bear-market low. SOL's delegator count had fallen from 892k in Q1 2022 through the crypto bear market. Meaning even at Solana's worst, lowest-engagement quarter in its post-launch history, it had 10x more skin-in-the-game participants than HYPE does today. Total holder base tells the same story directionally, but the data is a bit messier, and more of an extrapolation. HYPE's full ecosystem holder base, HyperCore spot (232k) plus HyperEVM positions (WHYPE and the LSTs), deduplicated, sits around 260-280K. SOL's total ≥0.1 SOL wallet count grew to 11.44M by mid 2025 per Glassnode, and reverse-engineering to Q1 2023 puts the base in the low millions, which also roughly matches the number of Phantom MAU users at the time. Roughly a 6-10x gap in total holders. SOL ran 1,000%+ over the next two years, and the holder count 6x'd alongside it, from low millions to 11.4M by mid 2025. Holders follow price, not the other way around. The "consensus" framing assumes the buyer pool is exhausted. Onchain, HYPE is held by a small, highly sophisticated cohort airdrop recipients, DeFi power users, and institutional treasuries. The standard counter is that Hyperliquid's TAM is narrower than Solana's, a trading venue with an EVM attached, not a general-purpose L1, so holder growth is unlikely to match. Solana grew massively because it had retail distribution. The question is whether Hyperliquid can replicate that. The bull argument for HYPE holder growth would be that HIP-3 put the S&P 500, silver, and other TradFi instruments onchain as perps, which is seeing massive adoption. HIP-4 opens prediction markets, which is a category that went mainstream with Polymarket's election cycle and is already a multi-billion dollar behaviour. And a wave of retail-friendly front-ends is building directly on Hyperliquid's liquidity. Phantom alone has generated $1.6M+ in builder fees routing flow into the venue in under two months, and that's one app. None of that looked like the TAM two years ago. It does now. A chain that's becoming the settlement layer for perps, prediction markets, and TradFi assets, with retail distribution handled by wallets and apps people already use, has a holder ceiling that looks a lot more like SOL's imo, although it's not the perfect comparison. Hyperliquid also has geo-restriction, which permanently suppresses its holder base, that can get unlocked with regulatory clarity or a US-market frontend. Grayscale filed for a HYPE ETF in March 2026. Institutional onboarding is ongoing and not by any means completed. 260K holders is a long way from any defensible saturation point for an asset capturing that surface area.

🇺🇸 JUST IN: SEC says certain crypto interfaces, including DeFi front-ends, wallet extensions, and apps, may operate without broker-dealer registration under conditions: • No custody of user funds (self-custodial only) • No investment advice or recommendations • No order routing or execution • Fixed, neutral fee structures only • No discretion over transactions or market activity

Kraken Security Update We are currently being extorted by a criminal group threatening to release videos of our internal systems with client data shown if we do not comply with their demands. It’s important to start with the most important points: our systems were never breached; funds were never at risk; we will not pay these criminals; we will not ever negotiate with bad actors. Kraken identified and shut down two instances of inappropriate access to limited client support data. In February 2025, we received a tip from a trusted source regarding a video shared on a criminal forum that appeared to show access to our client support systems. We immediately launched an investigation and quickly identified the individual involved as a member of our support team. Their access was revoked immediately, a full investigation was conducted, additional security controls were put in place and a limited number of affected clients were notified. Since then, we have been collaborating with industry partners and law enforcement to investigate and disrupt insider recruitment efforts targeting not only crypto companies, but also gaming and telecommunications organizations. More recently, we received another tip, along with a new video showing similar activity. We quickly identified the individual involved and terminated their access. As before, we acted immediately to revoke access, conduct a full investigation, and notify the small number of affected clients. Across both incidents, only a very small number of client accounts were potentially viewed - approximately 2,000 in total (0.02% of clients). Shortly after access was terminated, we began receiving extortion demands. The criminals threatened to distribute materials from both the February 2025 incident and the recent incident to media outlets and on social media if we did not comply. We will not pay these criminals. Based on intelligence gathered across both incidents, along with extensive ongoing analysis, we believe there is sufficient evidence to support the identification and arrest of those responsible. We are actively working with federal law enforcement across multiple jurisdictions to pursue all individuals involved and bring them to justice. Due to the ongoing investigation, we cannot share additional details at this time. However, anyone with relevant information is encouraged to contact us directly. The security of our clients is our highest priority, and we remain fully committed to combating the growing global threat of insider recruitment and constantly enhancing our security practices to combat new threats. Note: If you are a client potentially affected by this, you've already been notified.

🚨 President Donald J. Trump makes a statement on Iran:

@solanaspaces 👀

so we hear you like pokemon cards 👀 well a PSA 9 1997 Holo Fossil Dragonite just hit our desk + we're offering the first crack at it to you Solana TCG heads 💜 we're auctioning it here on X via DMs, w/bids starting at $500 (last sale was $700 today). auction closes at 8pm EST on Tuesday, April 7th, and starts...NOW🏃🏻

Strait of Hormuz: A CitriniResearch Field Trip The Field Report from Analyst #3 is live. citriniresearch.com/p/strait-of-ho…

@Amua_Official 🔥🔥

UPDATE🚨 Your Telegram is about to become more than just a messaging app.

Telegram is great, until your team grows. Then it starts feeling like: - important messages buried - 100s of chats left unorganized - heavy reliance on pins and memory - no real insight into what your team is doing - managing becomes manual All of that is about to change.

BlackRock is hiring a Managing Director of Digital Assets in NYC Role: – Lead crypto, stablecoin, and tokenization strategy – Drive execution across the firm – Work across internal teams + external partners – Own major client relationships Comp: $270K–$350K base + bonus Wall Street isn’t just flirting with crypto anymore

SOON.