Seeing more and more pessimism around crypto and the societal value, or lack-thereof, that it brings to the world. I think this perception is misguided. Of course, there's speculation and degeneracy. The crypto casino is real, large, and many people lose at the tables. But there's a ton of positive societal value that just gets overlooked. Bitcoin has become a global, non-sovereign asset that anyone in the world can own with an internet connection. It gives an veto/opt out mechanism to the global population that pushes economic control away from nation states and into the hands of the individual. Stablecoins provide better financial security to people around the world, improve people's lives with faster money, higher yield, and cheaper transactions. Banks literally don't provide yield on your assets. That's changing because of stablecoins. Remittance companies take large % of flows that doesn't go to end users. That's changing because of stablecoins. A 2.9% fee for any ecommerce transaction will seem criminal in 5 years. These are all massive benefits to society enabled by crypto because of stablecoins. Lending platforms like Aave and Morpho provide the ability for anyone in the world to obtain an over-collateralized loan. Undercollateralized lending markets will further unlock a massive benefit to society reducing the cost of capital and creating huge positive externalities. Blockchains will give global access to financial products (e.g. stocks, bonds, insurance, credit) where it has historically been limited. Permissionless capital formation allows any idea to get funded based on it's merits. Creating better markets is EV positive for society, especially when those markets remove adversarial middlemen or reduces costs for end users. Most impactful technologies have positive and negative use cases. - Social media is widely empowering, but hijack our attention and perception of things. - Smart phones give humans super powers, but also act as an anchor. - New entertainment mediums – radio, TV, streaming – provide greater sharing of information, but reduced physical interaction and increased sedentary lifestyles. - AI improves productivity, but provides slop that now makes use question what's real. - Crypto provides a new financial system, but also entices speculative behavior and degeneracy. Crypto is building a new financial system that lets people build what they want. Some people will build casinos, others new payment mechanisms. Some will build perps platforms, others will build ways to enable broader access to consumer credit. The new financial system won't be perfect, but it will be vastly better than the status quo. If you only see crypto for the casino, it's probably worth stepping back from the table and zooming out to see all the benefits that crypto has and will bring to society.

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

Something I haven't seen people much talk about is that $ENA is positioned to be what USDT is to CEXs but for Neobanks in crypto The goal of USDe always has been providing the best yield for stables (savings account angle) Yes, if you pay for something, most of us use usdt (not USDe) But, if you want to park your stables in your crypto neobank, you park it in USDe as it's offering the best yield (and it's literally optimised for this purpose) It will take a while before the shovel play here get's priced in as we likely transition towards a neobanking bubble first I have been throwing money at some recent neobanking launches like $CYPR and others as I anticipate a hype rotation but the safest way to play this would be $ENA in the long run imo

Name & Symbol: Cypher ($CYPR)
Address: 0xd262a4c7108c8139b2b189758e8d17c3dfc91a38

Everyone’s asking: Aster vs. Hyperliquid 🤔 Syncracy’s @RyanWatkins_ & @defi_monk (two HYPE bulls) say that’s the wrong framing. On @unchained_pod: 🔥 Why CEXs are under existential threat 💸 Is Aster’s rise real — or just Binance-backed hype? 👀 Why Solana can still compete (and Ethereum probably can’t) Timestamps: 🎬 0:00 Intro 📊 3:44 Why #Aster’s surge flipped volumes and why CEXs are threatened 🔍 8:49 Is Aster’s trading volume real, or manufactured? 🧩 13:34 How @cz_binance, #Binance, and Aster are connected 🔒 20:20 Why MONK believes Hyperliquid’s team can handle their token unlocks well ⚔️ 27:42 How the perp DEX wars could play out over the long term 🏆 33:53 Which perp DEX looks like the strongest contender to #Hyperliquid 🛑 41:29 Why they believe the next Hyperliquid challenger won’t be born on Ethereum 🪪 43:54 Is no KYC Hyperliquid’s true moat in DeFi? 🌏 50:42 Does the West innovate while Asia executes? 🦢 54:49 Which black swan events could threaten Hyperliquid

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

🚨 Hey all! I'm going live in a little over an hour to talk about Hyperliquid vs ⚔ Aster with @RyanWatkins_ and @defi_monk! Stream it here on X, PumpFun, or YouTube! 👀

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

This is a great thread from @blknoiz06 and really want to see him do more of this type of writing. A couple of thoughts on why I think the comparison between stocks and crypto may be unfair: - Indices growth has been driven by a global flight to established risk in the face of currency debasement, an ongoing AI inflection, continued margin expansion, etc. This has outsized benefits for megacap tech and it is not a one size fits all story. smid caps have not been an easy game to play for example. - Thus I do not think it is apples:apples to 1) compare a select few stock market winners to 99% of shitty long tail alts that are piles of air and 2) assume on a go-forward basis that stocks will not eventually tap out of their own incremental flows and return to being valuation sensitive. - This does not mean stocks will nuke. They will still go up, just less so, while people do still move up the risk curve, because that is market psychology. The denominator is decreasing, but not enough to justify GOOGL going +25% a year to infinity. - Crypto market cap growth is tied to risk but it will not always be linear to equities. You can take a bearish view on shit PA, or view it as a dislocation that may gap out of existence again at some point. I do not think in this scenario, the charts provide enough context. - It is hard for me to see a world where blockchains are enabling businesses worldwide while the current leading players like Solana do not accrue any value whatsoever. Wall Street interest in blockchain is traveling along its own curve, and I think it is a matter of time before they connect the dots that a large share of the value will ALSO accrue to a select few of these tokens. - Agreed that there are only a handful of tokens that matter but somehow most are still underexposed to these coins. Biggest takeaway from Ansem’s post is not to be bearish all tokens imo, but concentrate your crypto portfolio construction while also adding exposure to stocks. - However for the people on here who don’t have a huge bag and want to rapidly multiply their nw, crypto will always be perhaps the most accessible way for normies to do so. You can single out a chart like Palantir, but there are charts doing this onchain every few weeks. The illiquidity doesnt matter if you’re trying to turn $1000 into $1M, what matters is how many shots on goal your investable universe can offer you at that 100x. - Crypto information flow for lowcaps is also easier to embed yourself into as an internet native, versus the high level, suit and tie conversations that happen behind closed doors with stonks. They are both cabals, but crypto’s cabal takes less time to break into as a retail participant. - So in conclusion, a fairer analysis will pit LEADING tokens like $HYPE and $SOL against $GOOGL on a multiyear time frame while also pitting the normie roi of aping long tail, low-time frame winners like ASTER against hunting for smidcap stocks and/or the occasional Palantir like runner. - If we make that comparison instead I think crypto has alot to offer.

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

stream today 130pm PST - is ccm finally over? - binance cabal sending coins - im still holding pump GUEST LIST: 2pm: @RyanWatkins_ + @defi_monk (syncracy capital) 3pm: @cryptunez + @intern (monad) PULL UP https://t.co/lcLhHOgP77

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

Why do crypto projects have higher operating leverage than traditional businesses? Because: 1. The blockchain you build on outsources your backend tech infrastructure costs to validators. 2. You don’t need to hire as much personnel for compliance, legal, and accounting. 3. You can fork all the nonessential smart contracts you need to get started. 4. You don’t need to pay as much to access “vendors” because the app ecosystem is composable. 5. User acquisition costs are low, if you’re on Solana for example they practically do it for you. Or just tease an airdrop. And that’s how you get apps like Hyperliquid and Pump building billion dollar businesses with the amount of employees it takes to run a McDonalds location.

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn