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.

@0xALTF4 Hyperliquid

@ourcryptotalk blockchain gaming is dead

Blockchain Gaming Is Dead. 💀 The Numbers Prove It. Axie Infinity peaked at 2.7M daily players. Today? 1,412. That's a 99.9% drop. • Pixels: 1M peak → ~100K • Lumiterra: 800K peak → ~300K • Alien Worlds: 500K peak → 160K • Sorare: ~100K peak → 1,654 The P2E hype cycle didn't cool off. It evaporated. Meta just shut down its Metaverse division. $80 billion spent. Gone. The biggest tech company on earth couldn't make virtual worlds work. Crypto thought it could with a JPEG and a token. ↓ The only "stable" blockchain games left? > Life2app. Pumpville World. > Both peaked under 3,000 DAUs. > Both dropped less than 3%. They survived because no one hyped them. 2.7M users didn't leave blockchain gaming. They left the illusion of free money. Meta burned $80B chasing the same dream with better hardware. The metaverse wasn't early. It was wrong. The games promised play-to-earn. They delivered play-then-leave.

@defikadic aim for the S-tier

Personal tier list of current AI jobs in 2026. Somehow, as AI takes over several human jobs, we’re also seeing more AI-related jobs appear in exchange. You’ve probably seen the AI exposure map in the US, where these sectors are at high risk of being replaced by AI: + Customer service reps + General office clerks + Secretaries and administration + Bookkeeping, accounting, and auditing clerks + Financial clerks + Software developers + Web devs All of the sectors above face 9/10 AI exposure - which means AI could fully take over these roles in the months ahead. If you work in one of them, you should probably be worried about your current job right now. If you want to pivot into an AI-related role instead, here’s the tier list. 1. Tier S: top paid, require strong back and experience in AI infra, highest complexity + AI Infrastructure Engineer + AI Architect (design AI system for large enterprise) + AI Research Scientist (Deep Learning / AGI / LLMs) + AI Startup Founder (company size of around 50 employees) 2. Tier A: high value, slightly less rare + Machine Learning Engineer (Build, train and deploy models) + LLM Engineer (building apps using AI models) + AI Product Manager (define AI product strategy) + Data Scientist (AI-focused) 3. Tier B: good income, moderate complexity + Prompt Engineer + AI Workflow Designer + AI Automation Specialist + Data Engineer + UI/UX Designer 4. Tier C: poor AI-related experience + AI Content Creator + AI Copywriter + AI Chatbot Builder (basic level) 5. Tier D: low income, should be thinking of jumping to higher level + Basic Prompt Seller + AI Tool Reseller + Data Labeling Which career are you pursuing?

@InternLiminal @HyperliquidX gotta do it sir

@Nick_Researcher @HyperliquidX Liminal mentioned 🫡

➥ Protocols Leveraging @HyperliquidX's Programmable Finance Primitives Hyperliquid is evolving into an onchain financial operating system where execution, liquidity, and pricing are unified into a single programmable layer ☒ The Primitive Layer At the core is HyperCore = native perp + spot order books + Vaults + Mark price oracles + Liquidation + auction mechanisms All running with Ultra-high throughput, one-block finality On top of that, HyperEVM makes everything programmable ☒ What Builders are actually doing Instead of building isolated DeFi apps, protocols are plugging directly into this execution layer ➊ Lending @hyperlendx → real-time collateral pricing + native liquidations into order books @HypurrFi → looping, yield, stablecoin USDXL on top of native liquidity @felixprotocol → CDP stablecoin feUSD with efficient hedging via perps ➋ Stablecoins & Delta-Neutral Yield @hyenatrade → Ethena on Hyperliquid - funding rate capture via native perps Others → synthetic / overcollateralized stables fully hedged onchain ➌ Derivatives & Advanced Trading @HyperdeltaX → high-leverage options using native liquidity @BasisFi → permissionless perps via HIP-3 ➍ Vaults & Strategy Layer Native vaults + wrappers such as @hyperdrivedefi, @GammaStrategies, etc. → automated strategies trading directly on HyperCore → Positions can be tokenized + reused as collateral elsewhere ➎ Aggregation & Liquidity Routing @HyperSwapX, @FibrousFinance, @HybraFinance... → route trades directly into HyperCore order books Tools like Copin, @BullpenFi → unify execution across the stack @liminalmoney → Demonstrates EVM/Hypercore interaction by automating delta-neutral farming ☒ Why This Actually Matters Because Hyperliquid removes 3 structural constraints of DeFi: - No external oracles → no pricing lag / manipulation - No bridges → no fragmentation - No siloed liquidity → everything shares one execution layer → This is why protocols achieve higher capital efficiency, better liquidation performance and fully onchain delta-neutral strategies ☒ The Bigger Picture $HYPE is becoming a unified financial layer with ~$1.8B+ TVL and 100+ dApps HIP-3 - permissionless perps HIP-4 - prediction/outcome markets If Ethereum gave us smart contracts, Hyperliquid is pushing toward fully programmable markets

@TomMurphyTweets damnnn my bad sir

@Nick_Researcher lmao why not tag Securitize?

➥ ~$700M in tokenized equities vs $8.7B in Treasuries made me realize the market is clearly screaming insights At first, I thought this was just a timing issue, maybe equities come later after bonds But after digging deeper into how stock tokenization actually works today, I don’t think it’s that simple Here’s how I frame it: ☒ The data tells a very clear story – Stablecoins: ~$300B +~50% YoY – RWA total: ~$35B +133% YoY – Tokenized Treasuries: ~$8.7B – Tokenized stocks: only ~$700M This huge gap RWA total vs tokenized stocks reflects what the market actually trusts ☒ Not all tokenized stocks are the same There are 4 completely different models: ➊ 1:1 backed via SPV - real stocks held off-chain, you only get profit exposure which you can’t control - so it’s just a clean backing, but limited rights → redemption + issuance is slow ➋ 1:1 backed via Transfer Agent - ownership recorded onchain under regulated entity, includes voting + full rights - this is closest to real tokenized equity but locked behind heavy compliance, so it’s not for everyone iykyk On the real asset-backed side, I see players like - @BackedFi, @RobinhoodApp, @OndoFinance, @JarsyInc, and Swarm using SPV structures - then market have another branch with Securitize, @SuperstateInc, and @DinariGlobal acting more like transfer agents ➌ Synthetic spot is basically dead imo - crypto collateral tracking stock price, what it means is they have no rights & market already rejected this model - protocols like @mirror_protocol & the old @synthetix model tried to replicate stock exposure using crypto collateral ➍ Synthetic perps - trade stock price like futures makes it’s fast, liquid, easy access - but you have zero ownership, zero legality in strict jurisdictions - synthetic perp-style exposure platforms: @OstiumLabs, @Aster_DEX, @ventuals, @aevoxyz, @injective iAssets, @tradexyz These are efficient, liquid, and easy to use, but if I’m being honest, they’re not really tokenized stocks ☒ Why bonds won but stocks didn’t, think it comes down to 3 things: ➊ Simplicity of rights - Bonds = yield while Stocks = voting, dividends, governance - so it’s much harder to tokenize cleanly, only few centralized institutions are doing this ➋ Regulatory pressure - Stocks sit directly under securities law, that means no room for creative structures - this is the cause why innovation gets slowed down heavily ➌ User intent - ppl buy bonds for yield and they buy stocks for upside + speculation - DeFi already offers better tools for speculation, so tokenized stocks inherit this as a feature ☒ The market is quietly choosing the winner - BlackRock | $BUIDL - Ondo | $OUSG - Franklin | $BENJI - @CantonNetwork | $CC - @Figure | $FGRD Tokenized stocks will stay a niche, while the rest of RWA keeps compounding Honestly, that’s fine because I think not every trillion-dollar market needs to move onchain at the same speed

@HOSS_ibc lol gotta fix it haha

@Nick_Researcher so many @'s my brain is trying to handle it (just got up) gm gm

@0xMegamus hmmm NFT is back?

NFT volume is back . Should feel good about it. But not really. Everything trending is AI art, degen mints, art collections,... Nothing GameFi. Miss the days we used to grind WL for million-dollar GameFi mints. Yeah most of those projects collapsed. But the energy was different. Still waiting for something worth grinding again.

@Hercules_Defi @Cardano $ADA the ticker

It is a fact that stablecoins are the foundation of DeFi. But only if they are actually trusted, redeemable, and institution-ready. That is why you and I need to focus on USDCx on @Cardano. For the first time, Cardano now has a Circle-backed stablecoin via Circle. Not wrapped liquidity. Not dependent on third-party bridges Actual native infrastructure ------------------ 𝐓𝐡𝐞 𝐎𝐥𝐝 𝐌𝐨𝐝𝐞𝐥 𝐨𝐟 𝐃𝐞𝐅𝐢 𝐨𝐧 𝐂𝐚𝐫𝐝𝐚𝐧𝐨 Before USDCx, DeFi on Cardano was structurally constrained. I am not saying it's quiet; I am saying it was at a position where it should be doing better. > TVL hovered around $115M–$130M range > Stablecoin liquidity was under $40M > No serious institutional participation These are not enough to support deep markets. ------------------ 𝐔𝐒𝐃𝐂𝐱 When you look at the mechanism behind USDCx, you will see that it isn't just another token deployment. It’s a connectivity layer. USDC is locked in xReserve on Ethereum, while USDCx is minted 1:1 on Cardano. When burnt, USDCx redeems USDC on Ethereum via Circle’s native stack. No third-party bridges. No wrapped risk assumptions. The design choice alone makes this more bullish. ------------------ 𝐓𝐡𝐞 𝐔𝐧𝐥𝐨𝐜𝐤 The design choice isn't the only good thing here; it is what it adds. The early metrics on the USDCx launch show how promising it is. Let me take you through the numbers: > Stablecoin supply has jumped to $47M, that's a 40% increase > Since its launch, Cardano’s TVL moved to $136M, went up 6% in 24h after launch > DEX volume sits at $3.5M daily and $15M weekly, up 6.6% WoW. > Cardano is now sitting at 33%+ stablecoin-to-TVL ratio The 40% increase in the supply had made it the dominant stablecoin on Cardano. The TVL jump after launch shows how instrumental the launch is for the ecosystem. Great daily and weekly volume is a signal that activities are moving higher. The increase in stablecoin-to-TVL ratio indicates capital isn't locked and it is usable. While the ecosystem is benefiting from this launch, DeFi protocols on Cardano are seeing a good increase also. > @MinswapDEX sees +17% increase in TVL at $37.9M > @liqwidfinance with +4% increase at $32M > @SundaeSwap with +77% at $12M TVL. This is the right time to get on Cardano, as bridges from USDC to USDCx will only attract $0! The IOGroup fee subsidy has been extended for 90 days. ------------------ 𝐌𝐲 𝐓𝐚𝐤𝐞 The launch is still in an early stage, and also I have mentioned some increase in numbers across the ecosystem. It is too early to judge right now and to compare to multi-billion DeFi companies. What we all must know is that this isn't about instant dominance. It’s about removing a structural barrier that held the ecosystem back for years. Before USDCx, Cardano simply lacked the stablecoin infrastructure necessary to attract serious liquidity. Now, that foundational layer is in place, giving them a real shot at deeper capital flows and meaningful DeFi activity. And also, The way we should look at the state of things right now is this: DeFi on Cardano is in phase 1, where liquidity is entering, pools are forming and we are seeing an early TVL response. The real test is phase 2, where volume has to be sustained, retention of liquidity, and seeing actual DeFi usage. If Cardano can survive phase 2, it really looks good from here.

@thelearningpill gotta use Safe for safe

@kylobtc @injective the ticker is $INJ

Over 56M $INJ already staked Around 6.3% APR for securing the network and supporting the ecosystem One of the simplest ways to stay involved with @injective #ad paid contributor for $INJ

@BUNT10 i dont want this no more

@Nick_Researcher At the current scenario the Oil prices are high, gas prices are high, the inflation number post few months is gonna be tough to swallow

➥ FOMC just nuked $BTC back to $70.7K $BTC opened today near $74K before Powell's comments pushed inflation outlook to 2.7%, triggering a sell-off into close meanwhile $ETH is the real trade, up 18% in March vs BTC's 13% with 6 straight days of positive spot ETF inflows and BlackRock launching its ETHB staking ETF with $104M in seed capital trending coins & searches right now: → @HyperliquidX - $HYPE +7% today, oil perps hitting $1.77B 24h volume → @neiro - $NEIRO trending on CoinGecko but bleeding -6.8% → @Katana_HQ - $KAT -22.3% getting wrecked, heavy correction atm broader narratives heating up: - BUIDL listed on Uniswap signals institutional money meeting DeFi primitives is happening this cycle - Citi trimmed $BTC target to $112K and $ETH to $3,175 - CLARITY Act stalled in Senate taking the blame, crypto legislation odds sliding - Fear at 26 post-FOMC but $BTC is still holding noise is loud but the signal is clear, zoom out

@DukeD_Defi time to sell ':V

@Nick_Researcher time to dca 🙂‍↔️

@HogwartsCrypto HYPE szn

@Nick_Researcher HYPE doing good amid these markets

@SimonDesue literally my frens bro i never do it... ever

What does that even mean? "Take profit" Firs time hearing it 🤷‍♂️

@WYdaGOAT for real, but the room for growth is huge at the same time

@Nick_Researcher bonds just fit onchain cleaner right now

@0xPhoenix77 not this time mate

@Nick_Researcher Bring my port pump again

@Flowslikeosmo bro just do it ';O

Things in crypto that have kept me excited in 2026 - Real revenue protocols like Hyperliquid, Aave, Sky; tokenization of profitable asset classes; Re (reinsurance); Theo (Gold); and stock tokenization via Ondo and XStocks. - The merging of agentic commerce and privacy via Near Intents, and the rise of vaults as a competitive way to generate yield. - Data is maturing alongside the industry: we’re seeing stablecoin-specific data via Stablewatch, and Claude integration via Token Terminal’s MCP. The space is waking up from its dependence on Ponzi incentives, misaligned tokenomics, and pointless chains. We will rise again. Stronger than ever.

@satyaXBT @tempo @billions_ntwk @StabilizerFi all big news are gathering here

Today's note got a few things worth checking today, saving you the scroll: ‣ @tempo mainnet live : bridge some funds via Relay, make a wallet, try the payment protocol ‣ @billions_ntwk App: get +2000 Power, verify your agent, and follow their guide ‣ @StabilizerFi : testnet is live, follow them for the access ‣ @bulktrade : testnet live, go place some trades (perps) ‣ @LittleGuysWorld : coming soon, watching this one ‣ @tradyxyz : Early Access is live. one terminal, 13 chains. follow them for access ‣ @derivio_xyz : raised $6M from @yzilabs and others bookmark this, share to your frens and if you got alpha play too, drop it below

@ElCryptoDoc stay calm

The biggest red flag in crypto isn’t a bad chart. It’s a team that dumps on you the moment they have liquidity. Bet on builders. Bet on strong holders. Bet on people with skin in the game. $HODL core holders haven’t left. Neither has the team. That tells you everything 🫡

@0xJeff yo love it sir, Bittensorrrrr