PhoAlpha

@paleonormie Why

Nepo babies fit this description and if you get the chance to marry one you probably should, even if they're a terrible person

@LuckyXBT__ What is the reason behind your speculation? They also sold Hype previously. Just asking

Techno unstaking $90m worth of $HYPE yesterday, while Loracle sets limits sells on $15m worth of tokens too. Was it leaked S3 snapshot was taken? [speculation] HL aint the 11 man team they once were

@FredWick7 Hype as well

This never made sense to me. BTC swept its low from April 2025 crash. All of crypto did. Except for Ethereum. 😂

@Wild_Randomness do you think a breakdown would be possible with the current bid dominance in the orderbook? The state of the OB so different compared to previous range.

$BTC Nothing has changed for me yet. Still failing to even test daily trend… Similar to the end of Jan, Bitfinex longs have broken out and provided the same 3-day +4% pop into bear flag / daily trend. *I don’t see much use being bearish above $71k. For now, R:R is down.

@qthomp @thedefivillain

You'd think with $MSTR -80% from highs, bagholders would be more skeptical of every new "digital credit" innovation and its effect on the capital structure, but given the hype over $STRC, that appears to not be the case. While consensus on crypto twitter seems to be that $STRC provides an infinite money printer to buy $BTC, the reality couldn't be further from the truth as it increases the downside price and dilution reflexivity to $MSTR, thus endangering the whole capital structure. There is a point of no return on both 1) the amount of $STRC as a percentage of total Enterprise Value as well as 2) the interest rate it can pay, that risk an $MSTR death spiral. And given they will probably never decrease the $STRC rate, this represents negative one way downside risk for the structure.

@DrJStrategy @chumbawamba22

For the record Ignore the noise: this is NOT the 1970s and Trump is NOT launching Iraq 2.0. High‑frequency data show no demand destruction: Americans are still spending, flying and filling hotels. Inflation expectations are well anchored. The “Iran shock” is a short term volatility trade, not a new regime. The real story is unchanged: Supply Side Policy regime shift, AI capex, an industrial renaissance and the One Big Beautiful Bill are far more powerful than a temporary oil spike. Markets are mispricing a squall as a superstorm. Ignore the noise. Ignore the Doomers. Have a nice day.

@1000xPod @AviFelman @jvb_xyz @ZeMirch

Sellers are exhausted, sentiment couldn’t be worse and everything (except BTC) has been written off Meanwhile… price isn’t breaking lower @jvb_xyz shares why he's been actively buying crypto on this recent dip

@thedefivillain x.com/SoskaKyle/stat… is this the bear case for STRC

New article on STRC. I break down: - how the mechanism works - why it can scale massively - what the real risks are substacktools.com/sharex/e-rbd2Kd

@BittexXBT Which one Bittex? Name drop them

@VitalikButerin @Auri_0x what do you think about Starknet?

There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts: * L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected * L1 itself is scaling, fees are very low, and gaslimits are projected to increase greatly in 2026 Both of these facts, for their own separate reasons, mean that the original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path. First, let us recap the original vision. Ethereum needs to scale. The definition of "Ethereum scaling" is the existence of large quantities of block space that is backed by the full faith and credit of Ethereum - that is, block space where, if you do things (including with ETH) inside that block space, your activities are guaranteed to be valid, uncensored, unreverted, untouched, as long as Ethereum itself functions. If you create a 10000 TPS EVM where its connection to L1 is mediated by a multisig bridge, then you are not scaling Ethereum. This vision no longer makes sense. L1 does not need L2s to be "branded shards", because L1 is itself scaling. And L2s are not able or willing to satisfy the properties that a true "branded shard" would require. I've even seen at least one explicitly saying that they may never want to go beyond stage 1, not just for technical reasons around ZK-EVM safety, but also because their customers' regulatory needs require them to have ultimate control. This may be doing the right thing for your customers. But it should be obvious that if you are doing this, then you are not "scaling Ethereum" in the sense meant by the rollup-centric roadmap. But that's fine! it's fine because Ethereum itself is now scaling directly on L1, with large planned increases to its gas limit this year and the years ahead. We should stop thinking about L2s as literally being "branded shards" of Ethereum, with the social status and responsibilities that this entails. Instead, we can think of L2s as being a full spectrum, which includes both chains backed by the full faith and credit of Ethereum with various unique properties (eg. not just EVM), as well as a whole array of options at different levels of connection to Ethereum, that each person (or bot) is free to care about or not care about depending on their needs. What would I do today if I were an L2? * Identify a value add other than "scaling". Examples: (i) non-EVM specialized features/VMs around privacy, (ii) efficiency specialized around a particular application, (iii) truly extreme levels of scaling that even a greatly expanded L1 will not do, (iv) a totally different design for non-financial applications, eg. social, identity, AI, (v) ultra-low-latency and other sequencing properties, (vi) maybe built-in oracles or decentralized dispute resolution or other "non-computationally-verifiable" features * Be stage 1 at the minimum (otherwise you really are just a separate L1 with a bridge, and you should just call yourself that) if you're doing things with ETH or other ethereum-issued assets * Support maximum interoperability with Ethereum, though this will differ for each one (eg. what if you're not EVM, or even not financial?) From Ethereum's side, over the past few months I've become more convinced of the value of the native rollup precompile, particuarly once we have enshrined ZK-EVM proofs that we need anyway to scale L1. This is a precompile that verifies a ZK-EVM proof, and it's "part of Ethereum", so (i) it auto-upgrades along with Ethereum, and (ii) if the precompile has a bug, Ethereum will hard-fork to fix the bug. The native rollup precompile would make full, security-council-free, EVM verification accessible. We should spend much more time working out how to design it in such a way that if your L2 is "EVM plus other stuff", then the native rollup precompile would verify the EVM, and you only have to bring your own prover for the "other stuff" (eg. Stylus). This might involve a canonical way of exposing a lookup table between contract call inputs and outputs, and letting you provide your own values to the lookup table (that you would prove separately). This would make it easy to have safe, strong, trustless interoperability with Ethereum. It also enables synchronous composability (see: ethresear.ch/t/combining-pr… and ethresear.ch/t/synchronous-… ). And from there, it's each L2's choice exactly what they want to build. Don't just "extend L1", figure out something new to add. This of course means that some will add things that are trust-dependent, or backdoored, or otherwise insecure; this is unavoidable in a permissionless ecosystem where developers have freedom. Our job should make to make it clear to users what guarantees they have, and to build up the strongest Ethereum that we can.

@EvgenyGaevoy @runitback_exe @ThinkingUSD Why so Evgeny? JS part makes sense, however what is the difference between HL and Solana

@runitback_exe @ThinkingUSD lmao no easier for google to create another hyperliquid than solana or jane street (and it will create neither)

Solana and Ethereum are fundamentally uninvestable. It's clear to anyone that if Google or AWS wanted to create the frontier L1 because it became existential to their business they'd be able to win handily.

@Auri_0x yeah but should not waiting for a clearer path to value accrual better? there are many cases where team is extremely competent but token performance doesn't follow. AAVE, Ethena, etc.

Started buying $STRK here The grail asset - private, productive, secure Value capture will improve this year, privacy narrative aligns perfectly, metrics are up and to the right Not a matter of if but a matter of when IMHO

@izebel_eth @izebel_eth jez is has been quite some time since you talk about defi? Do you think that defi already explore all possible usecase? Like obviously perp dex is defi but moreso the lending borrowing yield products etc? Or is that dream dead

options are a mind disease, for two reasons: one - they are the wrong instrument for what most people are trying to trade. most people want delta exposure. options are an instrument on future volatility. if you want to use them for delta, sure, but very few ppl outside of event-based hedge funds actually care about expirations they are complex to understand correctly (greeks) and enormously complex to price correctly (montecarlo) which then leads to... two - people who go through the effort of understanding options then think that they've accomplished something. this leads to guys like captain condor martingaling ironcondors because he believes hes counting card EV when he's really crossing 4 fking spreads at once. or founders who cant mentally move past their hard designed options infrastructure options go home, we have perps here, they're just better for delta exposure which is what 99% of retail notional wants

@BittexXBT @SilvXBT

imagine SmileyCapital refuses to donate to families in need at a checkout, they tell him “but think about the children” and he just starts drooling

@Auri_0x Any airdrop you farming nowadays auri

So very bullish on Starknet the network Still not sure about STRK or more accurately about L1, L2 tokens in general One thing is clear to me, relative to other chains Starknet is incredibly cheap for what it’s offering The question remains how to value chains

@hanabilio @Mubayy He didnt farm HL that much tho no

@Mubayy probably i'm biased, but he did very well with what he farmed before such as berachain, hl, xpl.

If CBB is in your farm, pretty much means your shit Ngmi twin.

@izebel_eth Jez what do you think about the latest AAVE proposal

@0xGeeGee @ringwraith10 @OAK_Res_EN @hyenatrade flywheel as in it will contribute to the protocol revenue or smth else? or you mean the APR of XVS is much higher than USDE

@ringwraith10 @OAK_Res_EN @hyenatrade Hyena's approach is much safer but at the same time it's less of a flywheel compared to XVS

Hyena is expected to launch tomorrow, which might become the most important event of this week. As we’ve been saying for weeks, @hyenatrade is one of the HIP-3 deployers we are most excited about. Hyena introduces a new model on Hyperliquid: $USDe as a yield-bearing collateral integrated into every layer of the ecosystem, including trading, yield generation and incentives. The future of perp trading relies on collateral that rewards users or the ecosystem, not just the issuer. Hyena is the first real step that brings this model to Hyperliquid. Ethena and Hyperliquid have two of the most deeply aligned communities in the space, supported by teams that know how to ship, attract liquidity and drive adoption at scale. Excited to see what @ethena x @BasedOneX x @HyperliquidX have been cooking for the past few months. More on this tomorrow on OAK Research.

@DegeniusQ @WiseCharts @Lighter_xyz what do you think the risk vector are? can you elaborate?

@WiseCharts @Lighter_xyz Extended vault tokenization is gunna lead to some fucked black swan event 😂😂 not touching that exchange anymore

Weekly @Lighter_xyz points update: Spread opportunities on lighter have shrunk drastically. Profitable trading opportunities have dropped significantly over the past month. Shifted capital back to cex’s. Was a fun ride, but perp dex juice with size is fading here.

@MisakaTrades So now we wait right misaka. They not yet unwinding yet