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I spent some time on @ethos_network today and noticed they added projects that users could vote on as bullish or bearish. The contrast between @megaeth_labs & @monad_xyz is very interesting. I would have said a year ago that Monad was doing a good job of creating a community without a product, and the hype was huge. But MegaETH's community & builder alignment has been much stronger through the ICO NFT sale and MegaMafia model. Ethos is aiming to be the reputation and credibility platform for crypto, so it does feel like a somewhat relevant data point for assessing how these chains might do when they are live, or at least how the crypto community currently think they will do when live. Fwiw I am more bullish MegaETH, and probably neutral/bearish on Monad (more because I haven't followed them closely, but that says something in itself).
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3 new apps for you to try this week (all pre-token): • Let an AI agent buy Bitcoin for you ( @MagicNewton ) • Another Hyperliquid app to maximize your HyperEVM exposure • Earn fixed yield on Solana Full breakdown in my latest newsletter: https://www.alphaplease.com/p/3-alpha-apps-buying-bitcoin-with
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Finding it impossible to be bearish on crypto (yes, short term Summer chop probably, but zoom out). A few thoughts: The U.S. Senate just passed the GENIUS Act, the first comprehensive federal legislation for fiat-backed stablecoins. Stablecoins already power the largest real-world use case in crypto: • $250B+ live onchain • Instant global settlement • < $0.01 tx fees • Open API for money Now, it gets a legal foundation to go global. It's huge and not to be faded. This lays the groundwork for trillions in stablecoin settlement volume. It's huge for DeFi. Every bank, fintech, and payments processor now has a regulated, programmable digital dollar they can actually use. The biggest bottleneck was legal clarity, which is now gone. But stablecoins aren’t just for payments. They’re the gateway to speculation, as all the degens on here are aware. They’re the liquidity base layer of the entire crypto economy. At the same time, regulators are quietly easing capital rules for U.S. banks. That frees up bank balance sheets. More capital = more lending More lending = lower rates Lower rates = more risk appetite More liquidity = stronger BTC tailwinds BTC thrives when liquidity expands and stablecoins amplify that liquidity. TradFi + Crypto are now structurally aligned for it. So in summary we have: • Stablecoins getting federal clarity (DeFi to benefit) • Banks regaining liquidity • Borrowing costs likely heading lower • BTC acting like a macro hedge with clear investor demand (I haven't even mentioned the BTC company treasury ponzi bubble that is growing) Being bearish here requires me to fade regulatory clarity, institutional momentum, and macro tailwinds. Find the right coins, have a little patience, and enjoy your Summer.
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Haven't farmed an ecosystem this actively since Solana 2023. That was extremely profitable for me. All the metrics point towards the HyperEVM being in a similar adoption spot ~10k active users. Run it back turbo. Hyperliquid.
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One of the things that alt coins lack is passive flows. They are all PvP coins, even more so with the lack of retail participation in crypto currently. Once price momentum is gone the floor tends to be a long way down, and then the price never gets close to the highs again. $HYPE is different. It has a self generated structured bid, which actually increases in times of volatility. Hyperliquid has a unique set of properties that I haven't seen in my time in crypto. It's not without risk of course, which is mostly tied to security and potential exploits, and maybe regulatory problems later down the line. But, this combination of PMF, revenue, growth potential (perps still has an enormous market to go after, and is one of the biggest crypto use cases) and token value accrual through buybacks & burned txn fees is one of a kind currently. And this is ignoring the HyperEVM which is gaining momentum, and adds even more growth potential, and further helps to differentiate it from competitors. It's still going to be a volatile ride, but you can sleep well knowing the assistance fund is on your side. Hyperliquid.
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