Ryan Watkins

OG ANUNOBY WITH THE PUTBACK. KNICKS COMPLETE THE 29-PT COMEBACK FOR THE WIN. LARGEST COMEBACK IN NBA FINALS HISTORY 🤯

It’s hard to imagine Tom Lee isn’t watching Saylor post $1B days from STRC and wondering why he’s not issuing something similar for Bitmine. With ETH staking yields he can probably offer something better, and even leverage Ethereum itself to distribute tokenized versions of it.

DeFi Monk explains why Hyperliquid is still early “People in crypto today look at HYPE and go this is so expensive for a crypto asset. It’s pumped for so long and they have so much PTSD from crypto assets in general and they go hey there’s always a chance there’s some sort of regulatory black swan event” “But whenever I speak to these people who work at funds… once they understand what the actual addressable market is like what it could potentially disrupt, the risk is just kind of like okay, whatever” “Yeah this thing could get wrecked from some sort of regulatory issue, that’s fine. If this thing actually does end up disrupting this multi hundred billion dollar exchange and brokerage space, then it’s going to be orders of magnitude more successful than what it’s done already” “I think that sort of asymmetry is what’s getting people really excited. They’re not really looking at can a crypto token get to a $100B valuation. They’re looking at Charles Schwab and IBKR sitting at like $150B valuations” “They’re looking at is this actually a better type of business than those are because they actually own the underlying exchange infrastructure? I talked to a hedge fund analyst the other day and we had like a two hour conversation. By the end of it, his mind was blown” “I think the biggest issue people have is they just don’t know how to find the information they need about Hyperliquid, you can’t just hit up Jeff. Now you can go to Grayscale, Bitwise and these other groups who are helping get the story out there” “I think the way this stuff works is one dude buys it in their fund. He tells another fund to buy it because now they’re in it and he starts sharing the story. Then that starts spreading like wildfire and then all of a sudden you have this mass crowd FOMO event coming into this token while crypto natives are just completely sidelined” “Over the past few weeks, PURR the DAT has bought like $80M or so in HYPE and the ETFs have bought over $100 million in HYPE and this is only going to continue” “I really think where the typical TA crypto traders get messed up is when we enter a paradigm shift for an asset and you’re marketing to a much larger class of capital and I just don’t think these inflows are priced in at all”