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Pantera Capital
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Pantera Capital
@PanteraCapital
First U.S. institutional asset manager focused exclusively on blockchain technology. Subscribe to our monthly letter: https://t.co/Gy0Apw7uUG…
San Francisco, CA Katılım Ocak 2014
463 Takip Edilen219.8K Takipçiler
Pantera Capital retweetledi
AI adoption is maturing faster than prior tech cycles, yet it still feels early innings
A key point @0xfishylosopher highlights is the movement of builders from FinTech into agent-tailored products, and increasingly blockchain rails
The best builders are migrating toward the same opportunity - I smell an inflection point
The Rollup@therollupco
Pantera Capital's @0xfishylosopher and @cosmo_jiang sat down with us to separate the real thesis from the noise on agentic finance. - Three things most people get wrong about agentic payments. - Why 'agent banking' is the actual category. - And the specific infrastructure stack that needs to exist before agents can handle money autonomously. Here's the breakdown.
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Pantera Capital retweetledi
Had an amazing time chatting with @cosmo_jiang on @therollupco on what "agentic finance" means and what to build in the space!
The Rollup@therollupco
Pantera Capital's @0xfishylosopher and @cosmo_jiang sat down with us to separate the real thesis from the noise on agentic finance. - Three things most people get wrong about agentic payments. - Why 'agent banking' is the actual category. - And the specific infrastructure stack that needs to exist before agents can handle money autonomously. Here's the breakdown.
English
Pantera Capital retweetledi
New episode out where I cover all things prediction markets with Jacob, the CEO and Co-founder at @Novig.
We cover a lot of great topics including:
- How Novig and prediction markets create a better market structure for sports betting
- How typical sports bettors are evolving to become more sophisticated traders
- Where prediction markets and how Novig plans to innovate
- And some advice Jacob would give to new founders
Worth the watch👇
Pantera Capital@PanteraCapital
Sports books take 10% of every bet and ban winners. @Novig founder and CEO @j__fort joins our Stateful podcast, hosted by @masonstrom. In this episode, they discuss why prediction markets may replace the casino model in sports: - Sports books kick out profitable users. - 5% better odds on average vs. traditional platforms - CFTC shift: sports event contracts regulated as financial products nationwide - Be your own house: set your own odds, collect the spread - $2T global sports market with zero dominant exchange 00:17 The $75M Bet on Sports Prediction Markets 01:08 From StubHub Algorithms to Prediction Markets 02:21 Replacing the House: Peer-to-Peer Sports Betting 03:59 Do Sportsbooks Survive? 06:14 Be Your Own House: The Market Maker Model 08:35 How Novig Makes Money Without a Vig 10:23 Why Now? The Regulatory Shift Changing Everything 11:51 The Modern Sports Bettor: More Trader Than Fan 14:58 Prediction Market Regulation: Lawsuits, CFTC & Congress 17:45 Novig vs. DraftKings, Polymarket & Robinhood 20:18 Where Prediction Markets Go From Here 22:48 Quickfire: Favorite Sport to Bet On 24:37 Founder Advice: Stay Alive & Don't Chase Trends 26:22 Hiring for Culture Over Raw Talent
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Sports books take 10% of every bet and ban winners.
@Novig founder and CEO @j__fort joins our Stateful podcast, hosted by @masonstrom.
In this episode, they discuss why prediction markets may replace the casino model in sports:
- Sports books kick out profitable users.
- 5% better odds on average vs. traditional platforms
- CFTC shift: sports event contracts regulated as financial products nationwide
- Be your own house: set your own odds, collect the spread
- $2T global sports market with zero dominant exchange
00:17 The $75M Bet on Sports Prediction Markets
01:08 From StubHub Algorithms to Prediction Markets
02:21 Replacing the House: Peer-to-Peer Sports Betting
03:59 Do Sportsbooks Survive?
06:14 Be Your Own House: The Market Maker Model
08:35 How Novig Makes Money Without a Vig
10:23 Why Now? The Regulatory Shift Changing Everything
11:51 The Modern Sports Bettor: More Trader Than Fan
14:58 Prediction Market Regulation: Lawsuits, CFTC & Congress
17:45 Novig vs. DraftKings, Polymarket & Robinhood
20:18 Where Prediction Markets Go From Here
22:48 Quickfire: Favorite Sport to Bet On
24:37 Founder Advice: Stay Alive & Don't Chase Trends
26:22 Hiring for Culture Over Raw Talent
English
Pantera Capital retweetledi
Always enjoy Haseeb’s willingness to have spirited debate.
Summarizing my point - users don’t care about decentralization of their prediction markets. They want great product UX, with deep liquidity, and good pricing. Historical features of decentralizing prediction markets around market resolution are less desirable to consumers and they’d rather have a known arbitration of the event outcome.
But, Haseeb brings up an important point that I do generally agree with - many exchanges (and tech businesses) initially gain market share by bending the rules of the status quo. Uber. Airbnb. Coinbase. Hyperliquid. Etc.
However, I’m not sure that I’d say this requires decentralization per se vs risk appetite.
Outside of truly onchain protocols that push operating control to users or other stakeholders (e.g Ethereum, Solana, Uniswap, Morpho) most businesses, even onchain ones, maintain material control of their operations.
Haseeb ＞|＜@hosseeb
The line "decentralization doesn't matter" is getting repeated more and more these days. I recently broke out into debate on-stage with @masonnystrom about why decentralization was essential to prediction markets existing at all. It got heated. Worth the 5 minutes:
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Pantera Capital retweetledi
Pantera Capital retweetledi
Everyone is arguing $SOL vs $ETH
They’re missing the point:
Solana = payments + retail flow
Ethereum = institutions + capital markets
Two different games.
Two potential winners.
@PanteraCapital Junior Partner @masonnystrom
⏱ TIME POINTS ⏱
00:00 – Intro
01:11 – Solana: Price vs Reality
03:10 – Solana Flips ETH (Stablecoins)
04:55 – Retail → Institutions Shift
06:50 – Why Solana Wins (vs L1s)
08:50 – Crypto VC Is Changing
10:16 – How Pantera Is Investing
12:50 – Prediction Markets Boom
15:02 – Vertical Apps Are Coming
17:07 – Nexo
17:45 – FortisX
18:22 – Better Token Launches?
20:40 – ICOs → On-Chain Markets
23:16 – AI + Crypto Converge
25:22 – When Do They Merge?
27:35 – What Is Neo Finance?
28:58 – Shareland
29:40 – CFTC Green Light
33:40 – Where Smart Money Looks
34:50 – Final Thoughts
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Pantera Capital retweetledi
Check out the latest episode of Stateful where I sit down with @aadams, CEO and Founder of @dopplerprotocol and we discuss all things custom capital markets.
Pantera Capital@PanteraCapital
Why token launches fail: extractive pricing, poor liquidity, delayed price discovery. @aadams of @dopplerprotocol joins our Stateful podcast, hosted by @masonnystrom. In this episode, they discuss onchain capital markets and fixing token launches and IPOs: - 20% of 2025 token launches traded below issue price - Custom onchain markets: bundle price discovery and liquidity, launch in minutes - Coding moat is over. AI writes Solidity/Rust - Solo unicorns, micro-companies, permissionless experimentation 01:42 Custom Capital Markets Onchain 04:18 One Size Fits None: Why Token Launches Fail 07:26 Best Practices for TGEs 08:34 Deep Liquidity Pools vs. ICO Fundraising 10:23 Price Discovery: The Circle IPO Case Study 13:21 IPOs in the 70s vs. Today: What Changed? 16:57 On Chain Capital Formation: The Future of IPOs 20:29 Ethereum vs. Solana: Go Where Users Are 24:25 Context Is the New Moat: AI & Coding 27:59 What Asset Do You Wish Was Tokenized? 29:45 Founder Advice: One Good Thought a Month 31:21 Rethinking L2s & the Revenue Debate
English
Spotify: open.spotify.com/episode/0QtfSn…
Apple Podcast: podcasts.apple.com/us/podcast/the…
YouTube: youtu.be/75Dk02CAngs?si…
YouTube
English
Why token launches fail: extractive pricing, poor liquidity, delayed price discovery.
@aadams of @dopplerprotocol joins our Stateful podcast, hosted by @masonnystrom.
In this episode, they discuss onchain capital markets and fixing token launches and IPOs:
- 20% of 2025 token launches traded below issue price
- Custom onchain markets: bundle price discovery and liquidity, launch in minutes
- Coding moat is over. AI writes Solidity/Rust
- Solo unicorns, micro-companies, permissionless experimentation
01:42 Custom Capital Markets Onchain
04:18 One Size Fits None: Why Token Launches Fail
07:26 Best Practices for TGEs
08:34 Deep Liquidity Pools vs. ICO Fundraising
10:23 Price Discovery: The Circle IPO Case Study
13:21 IPOs in the 70s vs. Today: What Changed?
16:57 On Chain Capital Formation: The Future of IPOs
20:29 Ethereum vs. Solana: Go Where Users Are
24:25 Context Is the New Moat: AI & Coding
27:59 What Asset Do You Wish Was Tokenized?
29:45 Founder Advice: One Good Thought a Month
31:21 Rethinking L2s & the Revenue Debate
English
Pantera Capital retweetledi
Pantera Capital retweetledi
Solana is the becoming the stablecoin market leader.
Solana now leads all chains in adjusted stablecoin volume, according to @AlliumLabs — filtering out wash activity and CEX internal flows.
February market share:
Solana — 36%
Ethereum — 30%
Tron — 15%
Base — 11%
English
Pantera Capital retweetledi
AI agents aren't going to go down the street to an ionic column, marble bank to get a normal bank account, and transact in paper money.
They have to use electronic money.
So, as AI agents become more impactful, they have to use blockchain assets and that will just increase the demand for blockchain assets.
Pantera Capital@PanteraCapital
We’re witnessing a convergence of AI and crypto. AI agents can't walk into a bank, open an account, or transact in paper money. Crypto provides the financial rails for AI agents to exchange value online. As AI adoption grows exponentially, we believe crypto demand will follow naturally. @dan_pantera @bloomberg @crypto
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Crypto is outperforming amid broader volatility because it was deeply oversold after October.
@cosmo_jiang, General Partner at Pantera on @CNBC Crypto World: Bitcoin and digital assets traded at a discount to long-term trend and strong fundamentals while gold and speculative stocks ran hot.
Now investors are returning to the safe-haven story: borderless, sovereignless, and untouched by geopolitical conflict.
Interesting entry point emerging.
@KenzieSigalos
English
Pantera Capital retweetledi
Crypto won the weekend.
While U.S. equities sat frozen during the Iran conflict, Bitcoin approached $74K and commodities found price discovery on Hyperliquid before traditional markets opened.
This is the new normal, and it's just one signal that 2026 is the year crypto becomes invisible.
In my latest letter, I explore the shift from crypto as a sector to crypto as a service, share my takeaways from Consensus HK, and explain why Pantera’s latest investments focus on utility over hype.
veradiverdict.com/p/2026-the-inv…
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Pantera Capital retweetledi
We’re witnessing a convergence of AI and crypto.
AI agents can't walk into a bank, open an account, or transact in paper money.
Crypto provides the financial rails for AI agents to exchange value online.
As AI adoption grows exponentially, we believe crypto demand will follow naturally.
@dan_pantera @bloomberg @crypto
English
Pantera Capital retweetledi
My colleagues @cosmo_jiang and @SPLehman wrote a great piece here discussing OpenClaw and the role of blockchains for agentic commerce. Adding a few thoughts, as an OpenClaw user:
- Whether its McKinsey or Stripe's framework, its become consensus that there are numerous "levels" to agentic commerce, just as there was to autonomous driving, and we're still early to the game.
- In my mind, the agentic commerce progression will be along 3 distinct axes:
(1) From URLs embeds to full automated checkout loop with agent SEO (ChatGPT x Shopify)
(2) From micropayments (eg. for inference and API queries) to macropayments (Amazon/DoorDash/Expedia)
(3) From agent-to-SaaS APIs (one sided marketplaces) to agent-to-agent payments (two sided marketplaces)
- For these progressions to happen though, we need to solve three problems: identity, liquidity, and verification.
- OpenClaw's various extensions/integrations already shows early signs of all 3 aspects using blockchain primitives: identity/authorization via ERC8004 (search for "claw" on 8004scan), liquidity via credit vaults and stablecoins (various agentic wallets), verification and guardrails via TEEs/MPC/FHE/ZKVMs etc.
These are the most areas for agentic commerce builders today. Will be posting more content on this soon.
Cosmo Jiang@cosmo_jiang
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. @dan_pantera on @SquawkCNBC last Friday: Crypto at 50% discount to long-term trend, seventh percentile value vs. 8-year average.
Oversold conditions are unfolding as BTC pushes toward $70k resistance.
Clear above that level opens significant upside.
No asset has rewarded 4-year Bitcoin holders every time.
A fantastic time for multi-year positions.
@JoeSquawk @andrewrsorkin
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