Alpha-packed episode in time for the Privacy x AI szn ​ The Privacy Landscape (Part 1) is live, covering: > The Privacy Ecosystem Map - March 2026 Edition > Why the SEC’s recent rule change is a massive $21.6B catalyst for @Dusk, @Aleo, & @Canton > Privacy L1s/Privacy BTC Narrative and the hurdle they face in 2026 > How @AskVenice and @dphnAI are disrupting the market with "uncensored/private" AI ​ 9 Infra verticals, 3 covered in this week's report ​ Part 2 to come next week ​ [Link in bio]

Name & Symbol: Aleo ($ALEO)
Address: 0x6cfffa5bfd4277a04d83307feedfe2d18d944dd2

Alpha-packed episode in time for the Privacy x AI szn ​ The Privacy Landscape (Part 1) is live, covering: > The Privacy Ecosystem Map - March 2026 Edition > Why the SEC’s recent rule change is a massive $21.6B catalyst for @Dusk, @Aleo, & @Canton > Privacy L1s/Privacy BTC Narrative and the hurdle they face in 2026 > How @AskVenice and @dphnAI are disrupting the market with "uncensored/private" AI ​ 9 Infra verticals, 3 covered in this week's report ​ Part 2 to come next week ​ [Link in bio]

Name & Symbol: Aleo ($ALEO)
Address: 0x6cfffa5bfd4277a04d83307feedfe2d18d944dd2

> Market rebound after prolonged Extreme Fear > Crypto villains revealed > RWA breaks $21B, Stablecoins hit $310B > SEC making it easier to experiment > More enterprise & institutions coming onchain > Resurgence of x402 volume > Private x402 is also here > Convos on trading agents, prediction agents are starting to come back > Uniswap adopts AI agents > Near ships Confidential Intents, solving one of the biggest privacy pains > Private wallets, confidential stablecoins/yield-bearing tokens are coming > More fintech/neobanks adopting stablecoin rails + privacy tech Tech is ready, liquidity is coming back, villains are out. We're officially back.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

The State of CT ​ > Defi TVL 40% down from 2025 peak > RWA TVL at ATH ~$20B > Stablecoins MC at ATH > Tether + Circle eats 44%+ of on-chain fees (daily) > Vibes at ATL, nothing much is happening on-chain > Speculative yields dried out, no standout points system, no high fixed yields > Only seeing OpenClaw, Seedance 2.0, Privacy, and Peter Steinberger (founder of OpenClaw) on the timeline > X gradually killing CT biz (Infofi, claim-fee token launcher, agents/slops) > Peter saying he almost deleted OpenClaw because of crypto community ​ Broader adoption is happening while CT is leaving. ​ Literally nothing to do besides playing the long game here.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Tokenization ≠ value by default ​ Tokenizing assets alone doesn't create demand or liquidity. Distribution does. ​ 2 case studies/insights from Consensus HK on value capture ​ 1. Tron Capturing Value from Cross-border Payments ​ - USDT has ~$180B market cap - Half of them is on Tron - Main usage in cross-border payments, remittances in emerging markets for the past 6 years - Tron captures large fee ($1-2m daily) and activity (>$20B daily vol) despite not issuing USDT ​ Tron is not the asset issuer but it captures a lot of value by being the distribution rail for emerging markets (LATM, Africa, etc) ​ 2. Hyperliquid Gold vs Real Tokenized Gold ​ - Paxos Gold + Tether Gold = the largest official tokenized gold issuers - Hyperliquid Gold (a synthetic perp) does 5–10× more volume than both combined - Hyperliquid Gold has no custody, no physical redemption, no compliance-heavy structure associated with normal RWAs ​ Perps bypasses the entire RWA compliance stack. It proves that traders value liquidity + speed over realness. ​ Perps likely to dominate RWAs before regulated spot markets mature.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Privacy boils down to what you're scared of & how scared you are - Scared of getting robbed? Install security cameras, Buy a safe. - Scared of your employees hacking your company's AI? Put it in a TEE. - Scared of secrets leaking when collabing across companies? Use MPC. - Scared of getting doxxed but you need to prove your identity? Use zk. - Scared of getting MEV'ed or hunted down? Use FHE. - Scared of many things at once? Use a combination of these. Good news for users -- as there are enough builders building the foundation to cater to almost everything that you're scared of.

Name & Symbol: Mind Network ($FHE)
Address: 0xd55c9fb62e176a8eb6968f32958fefdd0962727e

The observation so far is that - There are several privacy camps -- people who really believe in zk, people who believe in FHE, or in MPC or TEE. Each camp believes their combination of tech or their tech might be more scalable than another. - The goal of many privacy infra players is to get to “shared private state”. From user POV, we’ll be able to do things like we would on normal public L1s while staying anonymous and/or confidential. - Infra players compete to build scalable infrastructure that builders can build private applications on top off e.g. wallets, neobanks, prediction markets, spot/perp trading, money markets, etc. - Initial demand stems from builders wanting to keep some aspects of apps private (e.g. some apps might require KYC, users might prefer not to share their entire on-chain financial history and/or link that history to their identity) - Privacy/cryptography improves a lot as a technology but implementation to create a reliable privacy system remains quite early (for private transfers, that's already done but for more complex use cases, still early) - One aspect that's not being discussed enough is the role of privacy in mitigating targeted attacks in Defi like preventing Hyperliquid whales from getting their positions hunted, reducing MEV attacks for traders because order flow & positions are hidden. My early sense is that there's a real potential for private primitives/apps to spawn off of this wave of privacy infrastructure (private perps & private money markets might still be a bit further away though) Thoughts?

Name & Symbol: Mind Network ($FHE)
Address: 0xd55c9fb62e176a8eb6968f32958fefdd0962727e

Latest progress on privacy - @zama privacy PoC went live right on Ethereum, starting with confidential USDT (cUSDT) and raising $118M on encrypted bids for its sealed-bid token sale. - @RAILGUN_Project's Railgun_Connect Prototype is ready, this is a privacy tool for private Defi interactions, tested on CowSwap and enabling shielded wallet use without unshielding funds. - @UmbraPrivacy mainnet launch set in Feb, bringing private Defi to Solana, powered by @Arcium MPC tech - The Solana confidential SPL standard is coming out in Q1 (also powered by Arcium), enabling Solana token to gain encrypted balances/hidden transfer amounts natively. - @mindnetwork_xyz launched x402z testnet, first practical on-chain implementation of FHE on confidential agent-to-agent payments powered by Zama. - @aztecnetwork wrapped up the world's largest privacy hackathon "zyberpunk". TGE incoming mid-Feb. - @virtuals_io enables Monero mode, enabling private cross-chain swaps.

Name & Symbol: Mind Network ($FHE)
Address: 0xd55c9fb62e176a8eb6968f32958fefdd0962727e

Privacy 0.9 to 2.0 Privacy 0.9 ➔ privacy applications/mixers that are often criminalized & sanctioned due to their popular usage + their structure of being apps. Focus: privacy per transaction Privacy 1.0 ➔ privacy blockchains & currencies (i.e. Monero & Zcash). "Shield tokens" / private blockchains serve as dark tunnel, hidden from public eyes. Less pressure than 0.9 but faced constant delisting pressure on major CEXes. Focus: privacy on payments Privacy 2.0 ➔ programmable privacy, embedding privacy directly into logic, processes, calculations, and computations (e.g. private Defi, private trading, private treasury, payroll, etc). Several emerging players showcasing their ZK, FHE, TEE, MPC technology. Focus: end-to-end privacy

Name & Symbol: Mind Network ($FHE)
Address: 0xd55c9fb62e176a8eb6968f32958fefdd0962727e

Interesting how fast the market turns > More than 5+ projects were gearing up to launch during this period > Either have to delay or risk getting destroyed by the market > Community rounds are still happening (e.g. @zama) > Seeing 10+ new Pre-TGE markets pop up on PMs with much higher vol > Short Pre-TGE markets = one of the best strats right now > Surprisingly, @HeyElsaAI TGE'ed and is able to sustain $100M+ val > I guess there's still hope for DeFAI? Key observations: - Top hedging tools for crypto or equities are commodities and/or PMs - Appetite for x402 tokens' still there despite recent lackluster x402 vol - Privacy 2.0 is the most resilient category w/ FHE getting the most buzz - Lots of mispricings on Pre-TGE crypto markets, good opps all around - Bittensor sum of alpha prices' creeping up, several subnets outperforming broader market with a few gearing up to outperform due to its rapid product development (e.g. @SynthdataCo)

Name & Symbol: Mind Network ($FHE)
Address: 0xd55c9fb62e176a8eb6968f32958fefdd0962727e

Meanwhile.... another Crypto x AI run is starting somewhere else Where model/agent usage translate to revenue and the revenue gets funneled back to token holders in the form of buyback ➙ Holding token = discount on inference cost ➙ The token essentially subsidizes hosting & inference cost with trading fee & real API usage ➙ Real co-ownership of a model/agent, not just another "meme agent" narrative Exciting times...

Name & Symbol: TokenFi ($TOKEN)
Address: 0x4507cef57c46789ef8d1a19ea45f4216bae2b528

One segment with a lot of potential that I've yet to see people talk about in 2026 is Tokenized Stocks xStocks on Solana, Dinari dShares, Ondo Global Markets, Robinhood tokenized stocks all hitting over a billion in AUM Rails being put in place for on-chain trading (spot & perps) without the need to KYC to own tokenized stocks. Cool stuff you can do with on-chain primitives - AAVE for tokenized stocks — earn yields from your NVIDIA shares & borrow against it - Pendle for tokenized stocks — fixed your dividends or speculate on it - Morpho for tokenized stocks — isolated lending/borrowing on your stocks - Alchemix for tokenized stocks — upfront yields/self-repaying loans on your stocks - Vault/Risk Curators for tokenized stocks — maximize yields on your stocks Who's doing this?

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

Decentralized AI is starting to show real economies of scale ​ Just like - Toyota spreading fixed robotics costs - Walmart & Amazon compressing unit costs via bulk buying - Big firms accessing cheaper capital ​ DeAI ecosystems are now doing the same through coordination layers + token incentives. ​ @opentensor (Bittensor) subnets already function like a modular AI supply chain ​ Compute → inference → agents → downstream apps, all partnering, buying & selling from each other, growing the network. ​ As usage grows, the cost to produce intelligence keeps dropping (e.g. cost to produce coding co-pilot agents drop, cost to predict quality trading signals drop, cost to train AI models drop) ​ @flock_io is experiencing similar flywheel with its end-to-end enterprise privacy-preserving solutions ​ - Competitive model training (AI Arena) - Federated Learning, privacy-preserving fine-tuning (FL Alliance) - Model gateway & Model Marketplace (API Platform, Moonbase, and FOMO Launchpad) that allow revenue-generating models to be monetized and distributed to more people ​ The upcoming FOMO Launchpad will gradually shift $FLOCK tokenomics from supply-driven ($FLOCK incentivizing work) to demand-driven (Less $FLOCK emitted to incentivize work, model tokens & real revenue will be used in place) ​ As flock achieves bigger distribution & scale, the cost to host & run models decrease. The savings will then get passed on to users (devs, businesses), amplifying the flywheel. ​ Flywheel begins: More users → more inference → cheaper cloud pricing → lower costs for everyone → better margins → more builders → more models → more users. ​ This flywheel is why DeAI scales exponentially and it's why 2026 will be the year where DeAI breaks out.

Name & Symbol: FLock.io ($FLOCK)
Address: 0x5ab3d4c385b400f3abb49e80de2faf6a88a7b691

Decentralized AI is starting to show real economies of scale ​ Just like - Toyota spreading fixed robotics costs - Walmart & Amazon compressing unit costs via bulk buying - Big firms accessing cheaper capital ​ DeAI ecosystems are now doing the same through coordination layers + token incentives. ​ @opentensor (Bittensor) subnets already function like a modular AI supply chain ​ Compute → inference → agents → downstream apps, all partnering, buying & selling from each other, growing the network. ​ As usage grows, the cost to produce intelligence keeps dropping (e.g. cost to produce coding co-pilot agents drop, cost to predict quality trading signals drop, cost to train AI models drop) ​ @flock_io is experiencing similar flywheel with its end-to-end enterprise privacy-preserving solutions ​ - Competitive model training (AI Arena) - Federated Learning, privacy-preserving fine-tuning (FL Alliance) - Model gateway & Model Marketplace (API Platform, Moonbase, and FOMO Launchpad) that allow revenue-generating models to be monetized and distributed to more people ​ The upcoming FOMO Launchpad will gradually shift $FLOCK tokenomics from supply-driven ($FLOCK incentivizing work) to demand-driven (Less $FLOCK emitted to incentivize work, model tokens & real revenue will be used in place) ​ As flock achieves bigger distribution & scale, the cost to host & run models decrease. The savings will then get passed on to users (devs, businesses), amplifying the flywheel. ​ Flywheel begins: More users → more inference → cheaper cloud pricing → lower costs for everyone → better margins → more builders → more models → more users. ​ This flywheel is why DeAI scales exponentially and it's why 2026 will be the year where DeAI breaks out.

Name & Symbol: FLock.io ($FLOCK)
Address: 0x5ab3d4c385b400f3abb49e80de2faf6a88a7b691

Simplest way to identify performers > See which asset hold on relatively well > See which asset buyback its token, establishing floor > See which one has the best catalyst(s) > Stick to your thesis > Pray that the highest IQ guy is right

Name & Symbol: TokenFi ($TOKEN)
Address: 0x4507cef57c46789ef8d1a19ea45f4216bae2b528

Surprisingly (or not) the most consistent & best category netting highest amount of revenue is AI agent marketplaces. In Crypto AI, this is essentially launchpads — a place where creators launch tokens paired with their products. As seen from @virtuals_io, they've managed to generate $11B worth of volume, netting ~$65M in revenue since inception (Oct 2024). This shows the business model that truly resonates in Crypto: trading, speculation, and making money — the core of what CT thrives on. SaaS/Subscription-based model doesn't work, you need hyper-speculation, hyper-financialization, hyper-gamification, plus an idea, a story, a narrative that gets people excited & make them believe they can make money. [Cool to see Virtuals getting support from Tom Lee & pivoting to heavy Robotics focus, but I'd prefer them lean more towards the degen side cuz that's where their strength lies. And... we also need some trench action given the state of the market lol]

Name & Symbol: Degen ($DEGEN)
Address: 0x4ed4e862860bed51a9570b96d89af5e1b0efefed

Things I'm excited about this week ​ - ICO meta on Bittensor with @bitstarterAI positioning to be incubator + launchpad - x402 bringing the attention back to Crypto AI - x402 serving as the central payment rail designed for AI agents/apps - Emergence of infra & toolkits around x402, establishing it as THE standard for agentic payments - AI agents re-emergence led by @virtuals_io with full support by @base this time around - AI & DeAI infra hitting commercialized stage (Chutes #1 on OpenRouter, Sportstensor as Polymarket liquidity layer) - @mentatminds v2 enabling users to invest in bundles of subnets while Mentat Minds handles the allocation & rebalancing - @openservai running Alpha Arena-style competition with prediction markets trading. No-code prediction related workflows/agents + aICM launchpad incoming + integrating with ERC-8004, positioning OpenServ as the home of agents - @flock_io running Qwen v Qwen task to create the ultimate Qwen trading agent (off the back of Qwen's success from Alpha Arena) - @zkPass (building the verifiable internet with zkTLS) on @KaitoAI launchpad this week with ~6 days left to pledge - @megaeth_labs Public Sale happening this week (potential generational opportunity) - @playAInetwork ("Zapier for Crypto AI") benefiting directly from the x402 micropayment rails. $PLAI dropping soon - @almanak implied yield on YT-alUSD getting attractive as Morpho yields compressed - @SynthdataCo launched its x402 integration, enabling agents to utilize Synth predictive intelligence. The team is moving really fast, recently scaling its prediction market MM activity to @trylimitless. - Last week Novelty Search showcased how Synth is able to generate over $1.3M volume using minimal capital. Team currently market making ~3-5% of Polymarket's hourly crypto markets, the plan is to scale this 5-10x on Polymarket, Kalshi, Limitless, and Myriad. ​ Anything else exciting I missed?

Name & Symbol: FLock.io ($FLOCK)
Address: 0x5ab3d4c385b400f3abb49e80de2faf6a88a7b691

Things I'm excited about this week ​ - ICO meta on Bittensor with @bitstarterAI positioning to be incubator + launchpad - x402 bringing the attention back to Crypto AI - x402 serving as the central payment rail designed for AI agents/apps - Emergence of infra & toolkits around x402, establishing it as THE standard for agentic payments - AI agents re-emergence led by @virtuals_io with full support by @base this time around - AI & DeAI infra hitting commercialized stage (Chutes #1 on OpenRouter, Sportstensor as Polymarket liquidity layer) - @mentatminds v2 enabling users to invest in bundles of subnets while Mentat Minds handles the allocation & rebalancing - @openservai running Alpha Arena-style competition with prediction markets trading. No-code prediction related workflows/agents + aICM launchpad incoming + integrating with ERC-8004, positioning OpenServ as the home of agents - @flock_io running Qwen v Qwen task to create the ultimate Qwen trading agent (off the back of Qwen's success from Alpha Arena) - @zkPass (building the verifiable internet with zkTLS) on @KaitoAI launchpad this week with ~6 days left to pledge - @megaeth_labs Public Sale happening this week (potential generational opportunity) - @playAInetwork ("Zapier for Crypto AI") benefiting directly from the x402 micropayment rails. $PLAI dropping soon - @almanak implied yield on YT-alUSD getting attractive as Morpho yields compressed - @SynthdataCo launched its x402 integration, enabling agents to utilize Synth predictive intelligence. The team is moving really fast, recently scaling its prediction market MM activity to @trylimitless. - Last week Novelty Search showcased how Synth is able to generate over $1.3M volume using minimal capital. Team currently market making ~3-5% of Polymarket's hourly crypto markets, the plan is to scale this 5-10x on Polymarket, Kalshi, Limitless, and Myriad. ​ Anything else exciting I missed?

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

Top 10 Must Read AI Content for this Weekend PT.49 - @cdixon A16Z State of Crypto Report: https://t.co/NXuonPDYLk ​ - @KyleSamani Thesis on Privacy: https://t.co/C4wEAeV8KJ ​ - @lakejynch TVL Total Value Lost: https://t.co/SlmeR49RNV ​ - @openservai Building Prediction Markets workflow capabilities: https://t.co/RnpBG5rI7s ​ - @NeoAlmanak Almanak's Token Value Accrual: https://t.co/zMRp6gEe6X - @Raleigh_CA The Human Layer - Bittensor Short: https://t.co/c8lviiHSch ​ - @jinglingcookies Crypto x AI Thesis: https://t.co/iWeWe06uMc ​ - @wintermute_t Market Update: https://t.co/MgGO3JMuKk ​ - @alex_prompter LLMs can get Brain Rot: https://t.co/zW8JLY5411 ​ - @FridayNtrades How to Start a Business On Polymarket 101: https://t.co/azRgGpC79M ​ Bonus ​ - @defi_monk "OK Doomer" - Rejecting Crypto Pessimism: https://t.co/JNyc41b1EG ​ - @AerodromeFi Introduce Aero Ignition: https://t.co/9ogNrvwdcs ​ - @webuildscore New Mechanism Update: https://t.co/MXfUW2yCXl ​ - @jaltucher TAO to $2100: https://t.co/cRCbUPcwQQ ​ - @CryptoZPunisher Subnet 36 Autoppia: https://t.co/Shqdk1J3XA ​ - @bearlyai on Uber data labeling to earn: https://t.co/M8ggBLdhXA ​ - @Grayscale Decentralized AI Fund: https://t.co/mVBvfKtpRY ​ - @StabilityAI Co-develop transformative AI models with @EA: https://t.co/HGK6bUQBq4 - @OpenAI ChatGPT Atlas: https://t.co/Fe9J05kWeQ

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Up Only is back Echo gets acquired by Coinbase ICO meta is back Trump meeting Xi in a week Another rate cut coming next week Trading agents getting hyped up Prediction markets everywhere Decentralized AI making strides Monad is launching, MegaETH is coming Tons of major projects launching in Q4 why u still bearish, dude?

Name & Symbol: Echo Protocol ($ECHO)
Address: 0x06238c1b8e618abedf17669228dc95fb2d2e210b