Nick Research

➥ Marcro & The Bitcoin Minning Cost Correlation ✦ Trade war → rising retaliatory tariffs → rare earth prices ↑ → chip manufacturing cost ↑ → mining rig prices ↑ → mining cost ↑ You know #Bitcoin miners follow upgrade cycles, similar to the halving rhythm. This typically happens every 2-4 years, depending on hardware progress and competitive intensity. It’s now >1 year past the 4th Bitcoin halving (April 20, 2024). → Meaning that most mining rigs are still fresh new > A new wave of hardware investment isn’t due yet. → So any effect from the trade war on mining costs may not be fully priced in for another 6-12 months. ✦ However, in this geopolitical context: ▸ China holds a massive edge in rare soils → the raw materials behind cheap chip production (WTO: China holds 44M tons of rare earth reserves, ranked #1 globally) ▸ Trump isn’t taxing chip exports from China, yet chinese consumers are boycotting U.S. goods, which may dampen exports. → China will look for ways to leverage this resource surplus. If China allows large-scale #Bitcoin mining again: → Cheap domestic chips → competitive rigs → Pressure on U.S.-based miners rises → U.S. must produce domestically at higher cost → upgrades → cost inflation. All paths lead to one conclusion: rising #Bitcoin mining costs. Of course, cost inflation is part of #Bitcoin’s long-term design: ▸ Inflation → halving → new-gen miner competition But in today’s AI-driven, macro-unstable world, the competitive cycle may speed up faster than usual. ✦ Two core metrics reflect this: ➊ Hashrate just hit a new ATH: 1055 EH/s → That’s 1055 million trillion trillion calculations per second to mine BTC. ➋ Mining Difficulty is also at a record high: 121.5B → The market must stay alert to reactions from: • Earnings of China-exposed companies • Inflation spillovers • Geopolitical flare-ups • A potential U.S.-China breakdown • Crypto adoption progress in nations like Singapore, China, U.S… ✦ Zooming in: [1] Bitcoin's divergence from traditional markets: → Correlation with Nasdaq is fading → $BTC volatility is dropping while stocks and bonds grow more volatile → Institutional wallets are quietly accumulating again. [2] Gold has surged ~20% as central banks stockpile it at record pace. → [1][2] hint at a shift: $BTC is transitioning from a high-risk asset → to a strategic macro hedge. Long-term, $BTC won't replace gold, it's becoming a parallel reserve system. In a fragmented global order, capital is chasing neutrality. → That drove the gold rush. → But gold can’t keep surging forever. If #Bitcoin remains resilient under ongoing macro pressure. You may be witnessing the early signals of sovereign/institutional recognition and eventually, public adoption. ✦ TL;DR: ▸ Tech-wise: Bitcoin is engineered for long-term price appreciation ▸ Macro-wise: Geopolitical frictions may ignite an arms race in mining ▸ Sentiment-wise: After the gold rush, Bitcoin might be the only asset that ticks both boxes: liquidity + value refuge ▸ Option insights: Whale aims a big pump in Sept, expecting BTC to hit $140K So from my perspective, a #Bitcoin rebound is likely within the next few months.

@Eliteonchain stablecoin already won

Stablecoins Already Won. Everyone watches price charts. Most people don’t. They care about one thing: Can I spend my money? That’s why crypto payment cards could become one of crypto’s biggest consumer products. USDT and USDC already represent hundreds of billions of dollars in circulation. The challenge isn’t creating another stablecoin. It’s making the ones people already hold usable in everyday life. The early leaders are already emerging: > @RedotPay : $210M+ monthly top-ups > @KASTxyz : $135M+ > @ether_fi card: $53M+ Those numbers suggest demand isn’t for new assets. It’s for better spending rails. This is how consumer technology usually wins. People never adopted the internet because they understood TCP/IP. They adopted email, shopping and streaming. The infrastructure stayed invisible. Crypto will likely follow the same path. Consumers don’t want wallets, bridges or gas fees. They want a card that works. If stablecoins settle the payment in the background, that’s the product. The opportunity isn’t getting more crypto users. It’s giving millions of ordinary consumers a reason to spend digital dollars without changing how they already pay. The blockchain is the rail. The card is the product.

@avalanchexbt @streamex def check it out

everyone's tokenizing RWAs and gold like it's new tech. @streamex actually puts your gold to work. ➜ vault (tokenized + fully backed) ➜ lent to refiners (physical metal to fill orders) ➜ earns fee in gold (they pay a lease in gold) ➜ your stack grows in ounces real businesses and real demand. interesting concept that makes your GLDY produce yields, instead of just sitting in a vault hoping the price goes up. definitely worth checking out.

@Ryuzaki_SEI every team want perps product

jtx perp is live 🎉 so make sure to start using it from day 1 and being early is always rewarded so start trading now > baced by jito labs ( airdrop is going to be huge ) join now: jtx.com/ref/ryuzaki - click get early access - enter your email address or wallet - verify your email - create a username if you joined the whitelist before then you can use the platform now keep farming perps 🤝

@Defi_Warhol @JAM_Card_X up only on this

Got a new crypto card on my watchlist for testing, it's @JAM_Card_X. TL;DR: It's a self-custodial all-in-one platform for storing, swapping, and spending your crypto seamlessly through Apple Pay & Google Pay. Most interesting perks I've found: - $500K daily transaction limit (far above average) - Gasless USDT transfers - Embedded multi-chain swaps - Embedded P2P platform Will test it out for a couple of weeks and report back. It's fully live, so you can also download the app, get your JAM card, and start spending here: jamcard.io/download/?via=…

@DeFi_Andree @StaniKulechov @aave @Matthew_Graham_ still aave will win

Stablecoins are becoming one of the clearest product-market fits in crypto. Aave is one of the places where that demand becomes productive. Since 2021, $10,000 USDC supplied at historical Aave rates would have grown to $12,321 by 2026, ahead of T-Bills at $11,851 and far above the average savings account at $10,152. Of course, this is not a risk-free comparison. Aave rates are variable, and onchain markets come with smart contract, liquidity and stablecoin risks. But the bigger point is hard to ignore: stablecoins on Aave are not passive dollars sitting in an account. They become open, global, programmable credit. Supplied by anyone. Borrowed by anyone. Available 24/7. That is why @aave keeps looking more and more like the home of stablecoins.

@3sigmaleft worth doing deeper research on this topic cuz my portfolio might incl tokens that will be effected by MiCA

@tradeguru @RobinhoodCrypto the landscape is expanding

I thought they said @RobinhoodCrypto was a meme chain? Explain why barely two weeks post mainnet, it already boasts of 130+ unique projects building across 11 sectors. Here is the full ecosystem map ↓↓

@sol_nxxn @solana @phantom @jup_mobile @solflare @fusewallet @Backpack pick only 1 card bro

Get USDC and spend it in real life on Solana 💳 5 Solana wallets now have their own debit cards: Phantom, Solflare, Jupiter, Fuse, and Backpack (beta) Which one is your favorite? 🤔

@DamiDefi all tools matter

THIS IS THE BEST AI AUTOMATION STACK TO LEARN IN 2026. The biggest takeaway is simple: stop chasing random AI tools. The highest-value stack is the one that helps you build real systems that are reliable, scalable, and actually useful in production. The five layers worth learning are backend, database, frontend, AI models, and deployment. On the backend, you should learn Python, FastAPI, and Celery so you can handle requests, background jobs, and scheduling in a clean and scalable way. For the database layer, Postgres is the standard choice, and using Supabase on top of it makes storage, authentication, and administration much easier. For the frontend, React, Vite, and shadcn/ui give you everything you need to build dashboards, admin panels, and internal tools quickly. For the AI layer, OpenAI, Anthropic, Azure, AWS, or GCP can power LLMs, embeddings, vision, speech, and other model-based features. For deployment, Docker, Railway, or a VPS and cloud setup let you ship the full system and keep it running reliably. The common thread is that businesses do not pay for “AI tools.” They pay for outcomes such as saving time, cutting costs, reducing errors, and shipping reliable software faster. If you are serious about AI automation in 2026, learn the stack underneath the hype before the next trend takes over. Watch it, then read the workflow below for the complete AI start you need. Dave Ebbelaar: Dave Ebbelaar (Youtube)

➥ a smaller account can drive better conversations most small creators bring stronger users into a community, and influence real decisions @clashoAi is trying to measure the actual impact, appreciate creators of all size the beta has already reached 4,000+ creators, 20,000+ posts, and 148M impressions my score came in at 40, placing me in the “High Potential” category i don’t care much about the badge itself, I care about what it could unlock creators finally get a clearer way to show brands and communities that their content does more than collect views that can improve how they price partnerships, choose campaigns, and build long-term credibility crypto may be the starting point, but I see this working across AI, gaming, finance, sports, and every market built around attention that’s why I’m still early on @ClashoAI i encourage creators with real influence join and prove their value ---------------------------------------- ref: clasho.com/invite/LADF7PJZ ---------------------------------------- share your scorecard bellow if you join frens ↓

@vikktorrrre @loadoutprotocol gamefi is back?

what if fast & furious was a ranked multiplayer game, but with trucks? that's probably how i'd describe block trucks. - race other players - upgrade your truck and - play your way. it really comes down to how you like to race block trucks is coming to @loadoutprotocol

@IvanBullish true af

@Nick_Researcher this fund is definitely highly underrated

@andrewmoh @BNBCHAIN BNB next winner after RH

@vikktorrrre edu content from my veee

you run out of content ideas because you've not met veee till this day, i've made articles, thread series, designs, and shorts on exactly why it means a lot to me as a creator: understanding what to put out at the right time. (curiosity is the greatest asset every creator holds)

@DOLAK1NG Pendle

Pendle has settled nearly $70B in yield. It sits under Ethena, etherFi, Aave, Morpho, and half the stablecoin trades you've made without realizing it. Most people still can't explain what it actually does. Here's everything you need to know 🧵👇 Every yield-bearing token does two things at once. It holds value, and it earns a stream. Your stETH is worth ~$3,000 and it pays staking yield. Bundled together, inseparable. @pendle_fi splits them apart. Deposit a yield asset, it mints two tokens. PT, the principal. YT, the yield. PT is the asset stripped of its yield, redeemable 1:1 at maturity. So it trades at a discount, like a zero-coupon bond. Buy PT-USDe at 92 cents, redeem for a dollar later, that gap is your fixed return. YT is the pure yield stream until maturity. Buy it and you're collecting everything the asset throws off, betting rates stay high. One token became two markets. ➠ WHY IT MATTERS Because it hands DeFi something it never had cleanly: a choice between certainty and speculation. Want to lock a fixed rate and stop watching APYs swing? Buy PT. You've turned a floating yield into a fixed one. Fixed income, onchain, no bank. Think yields are about to spike? Buy YT for leveraged exposure to the rate itself at a fraction of the capital. A farmer nervous about falling yields and a trader betting on rising ones can now take opposite sides of the same asset. Pendle built the venue where they meet. That's why it holds 50-60% of all DeFi yield trading. ➠ THE ENGINE ROOM Average TVL around $5.7B in 2025, up 76% YoY, peaking near $13.4B. Nearly $70B in cumulative yield settled. The concentration tells the real story. @ethena USDe is roughly 70% of @pendle_fi TVL, and the PT-USDe loop became one of DeFi's biggest trades: buy PT-USDe for ~8.8% fixed, post it as collateral on Aave, borrow USDC at 4-6%, repeat. When Aave raised the PT-USDe cap by $600M last September, it filled in under an hour. That's the part people miss. Pendle PTs are the collateral across Aave and Morpho. Pendle's fixed-income tokens became base money for the lending stack. @maplefinance syrupUSDC, @ether_fi staked ETH, @ethena synthetic dollar, all of it runs through Pendle to get fixed, split, or levered. It's the plumbing under the plumbing. ➠ THE MOVE THAT CHANGES IT @boros_fi. Every perp trader pays or receives a funding rate. It shifts constantly, and until now you couldn't cleanly hedge it. Boros turns it into a tradable instrument. The market it's reaching for is ~$150B in daily perpetual funding. Four months post-launch, Boros hit ~$6.9B in open interest. It's now listing funding markets on equity perps, an NVIDIA market on Hyperliquid, with S&P 500, Nasdaq, and Tesla flagged next. Think about who needs this. Ethena's entire yield comes from perp funding. @boros_fi lets it hedge that directly. Pendle is aiming at the interest-rate derivative desks of real institutions. ➠ HOW THE TOKEN CAPTURES IT Under sPENDLE, 80% of protocol revenue funds buybacks. Revenue comes from a 5% fee on PT issuance, 80% of AMM trading fees, and Boros fees. Roughly $40M annualized and climbing. Against a ~$175M market cap, that's under 4 cents of market value per dollar of TVL managed. Arthur Hayes bought ~$1M of PENDLE early this year for exactly that reason: the only scaled onchain rate protocol with an institutional path, priced like a mid-tier farm. Cheap or fair depends on Boros. If funding-rate trading scales, revenue re-rates. If it stalls, Pendle stays a yield venue with a nice buyback. In conclusion @pendle_fi built the fixed-income layer of a financial system that didn't have one. TradFi runs on the ability to fix a rate, trade a rate, hedge a rate. Crypto had none of it in usable form. Pendle shipped all three: PT for fixed income, YT for rate speculation, Boros for funding-rate hedging. Fixed income is the biggest market in global finance. Pendle's the one building it onchain while everyone else argues about stablecoins. That's a wrap!

@DeFi_Andree @spencecoin @0xjordy aave szn

Earn Until You Spend: Let Your Money Work Until the Moment You Pay Through MetaMask Money Account, USDC, USDT, and DAI can be converted 1:1 into mUSD and automatically deployed into DeFi strategies while remaining available for everyday spending $mUSD is deployed through vault infrastructure operated by @veda_labs, while @SteakhouseFi manages capital allocation and risk across lending markets The account currently offers variable yield of up to ~4% APY after fees, with returns automatically reflected in the user’s balance What matters is that MetaMask Money Account does not stop at being a yield vault • @Morpho provides the initial lending markets used to generate yield • @monad serves as the home network and settlement layer • @MetaMask sponsors network fees, removing the need to manage gas • MetaMask Card turns the same yield-bearing balance into spendable capital When users make a payment, they do not need to withdraw funds from the vault, transfer assets to an exchange, or manually convert stablecoins into fiat The balance can be spent directly through MetaMask Card anywhere Mastercard is accepted Eligible purchases may also earn up to 3% cashback in mUSD, allowing the rewards to continue generating yield inside the account Stablecoins → mUSD → Veda Vault → Morpho/Aave → Yield → MetaMask Card ➥ MetaMask Money Account turns stablecoins into capital that can earn in DeFi until the moment it is spent.

@Tom_Degen68 @prophetmarketai apprecitate, gotta do everything to restart my bro

@Nick_Researcher @prophetmarketai joined, let's see

I’ve shared @prophetmarketai a few times already The key is still the same: - i’m not waiting for another user to take the other side - the AI is the counterparty - so I can create a market around almost any topic I already follow and make a simple call on whether it happens or not For someone focused on macro & crypto, that opens up a lot of useful markets One I’d create now: “Will stablecoin market cap exceed $500B before the end of 2026?” That is the type of question I already track through liquidity, regulation, payments growth, and onchain settlement Create any market on app.prophetmarket.ai Code: rdEF3vYsH-0 Not available to users in the United States

@goon_crypto it's alfa bro fr

@Nick_Researcher Blockbooster does sound like alpha