traditionally i never invited guests on to the show
we did that for a long time because i never wanted to rent our audience
i didn't want to show up one day and noone turns up because we didn't have a big name joining
i wanted to show that our own individual research and insights could hold their own
it is much harder to grow this way: there is no big account retweeting or pushing you for any reason
but over time i believe this has established our own voices and personalities (even if you don't like the style, you can't knock the hustle)
NOW it's time to throw some coal on the fire
i actually want to host more conversations
the space is so much bigger than it was in 2021: it's actually impossible to keep up with it all and we have seen a number of great leaders emerge in different pockets of the industry
+ so we want to host those conversations
from a position of already establishing an intelligent and excellent audience
MM DIAL INS 2025: extending the show to host some of the most interesting contributors to our industry
- JP Morgan CEO Jamie Dimon announces clients will be able to buy BTC: compares buying BTC to smoking; he doesn't like it but defends your right to do it
- The Senate advances Genius Act to help progress regulation on stablecoins
Notable PA
- AAVE +21% to $4.2B FDV
- LAUNCHCOIN up again +16% to 240M
- REKT up another 10% to 88M
Notable Sales
- Kaito Genesis NFTs +10% to 2.8 ETH
- 5 CryptoPunks sold between 46 - 55 ETH
- Refik Anadol, Biome Lumina - 4.55 ETH
Web 3 Round Up
- Circle could be sold to Coinbase or Ripple according to sources: Ripple's $4-5B previous bid rejected
- Bybit has become first major crypto exchange to offer direct global trading with USDT: access to 78 top equities
- Binance seeks to dismiss FTX $1.76B clawback lawsuit
More News
- SEC Chair Hester Peirce in latest speech suggests all crypto assets which are 'collectibles and stablecoins' should probably be excluded from 'security' definition
- Indonesia-based fintech firm DigiAsia announces plan to raise $100M to buy BTC and allocate up to 50% of future net profits for continued BTC accumulation
- Virtuals announces Diamond Hand Bonus now can only be achieved by staking agent tokens too, not just passive agent holdings
Social Crypto
- Huma Finance announce multi-season rewards campaign allocating 0.5% of token to Huma Yappers; portion also going to Kaito ecosystem
- Noise the mindshare trading protocol on MegaETH announces that top week 1 Infinex yappers will receive Noise invite codes
- Yu Hu shares future Kaito vision: "from June onwards it will also be the BNB for capital formation"
kaito’s rewards journey mirrors traditional airdrops
first airdrops were a pleasant surprise where you found money in your wallet for your natural use of a protocol
then protocols realised they could farm users more with points
+ then there were more strings attached with various formal tx/capital/social requirements
kaito has just passed stage 1 where people realised omg i can really just yapp and that’s worth something (no stress no friction - like the first style of airdrop)
now protocols realise people will WORK for their yaps - and so we have increased % token supply going to yappers in exchange for larger contributions (not everyone has done this, but have seen some create more hoops to jump through and think will more will do same)
that being said i think the organic option is the best: don’t farm the farmers; just rewards the quality creators
infinex was the first i think to add a manual review layer to the process, and i think more will do the same
even if we’re in the stage where the yapper reward system is maturing to require creators to give a bit more than just pure yapps, that corresponds with protocols being happy to disproportionately reward yappers right now
so we have a yappers feast - and even if it is never as good as this again, it’ll never go away now so it’s a beautiful additional game to play
- BTC runs to $106K before sharp pull back to $102K
- Trump's tax bill progresses which is estimated to add around $4 trillion to deficits over a decade; Moody downgrade US credit rating; Bessent signals debt to increase whilst trying to maximise US GDP; US Treasury yields rise; Japan's 40 year bond yield just hit highest level in 20 years
Notable PA
- ETH down 4% on the day back to $2.4K, SOL down 5% to $161; HYPE down 3% to $26
- Memes are red across the board: FARTCOIN -5% to $1.21; MOODENG - 6% to $0.23
- LAUNCHCOIN down 15% to 210M, holding around 200M quite strongly the last few days
- VIRTUALS shows strength against everything else: up 3% to $1.84
Notable Sales
- CryptoPunk, Zombie - 440 ETH
- Other World, Prophets - 16 ETH
- CryptoPunk, Shades - 54.5 ETH
- Refik Anadol, WOT - 8.99 ETH
Web 3 Round Up
- Japanese investment firm Metaplanet buys another 1004 BTC for around $104M: total holdings up to around $806M
- El Salvador President Nayib Bukele shares screenshot of $357M in unrealised profit on BTC buys
- US Senate to vote on stablecoin regulation with the GENIUS Act as soon as today
More News
- ARBUS agent settles around $12M after being launched on Virtuals: more than 50x for virgen points spenders
- Token Works minted 256 NFTs for 1 ETH each raising 256 ETH: a studio to fund creators vesting over time instead of immediate transfer of funds
Social Crypto
- PT-sKAITIO has risen to 44% as market is bidding YT on Pendle: Kaito Founder Yu Hu shares thought that people are waking up to 'earn and drop' season for sKAITO holders
- KAITO shows strength against rest of market +10% to $1.92
- Openledger announces reward month of Yaptopus: ranks 1-25 will share $15k pool; also a specific similar pool for Chinese region
one of the core goals of MM is to be able to wake up and chat with our friends each day (whilst producing quality crypto conversation at the same time)
to do that we had to believe there were more people like us in this crypto universe who would be interested in hearing our style of content & conversation
it’s nice to hear reviews like this of our work - thanks @MannayWorld
it is a photo, and a photo can be part of an investment thesis
speaking to @legendarygainz_ i realised most people can’t recognise people because we are on x so much
you see a photo with
- stani from aave - guy from ethena - jeff from hyperliquid - bing from megaeth - taiki from steady lads - VITALIK - and @infinex founder kain who has a round open
wdyd?
press buy on the investable round (after doing some more research)
- btc leads a portfolio into aths, i sense the ppl who don’t have btc are the ppl who need to forget their peak portfolio because they’ll never get back if they don’t rebalance into btc routinely
- hype is outperforming every other major and with the alleged next airdrop coming + many protocols having tokens + the insane aprs live on evm atm i can’t think why the majority of “major exposure” - apart from what you want in btc - shouldn’t be here (the why imo is the potential legal risk of cexs going after them)
- wanna reposition stables farming protocols, i feel like live yield on hyperevm or nft lending at attractive ltvs is going to outperform providing liquidity for points at the moment
- private investments are markedly reduced, reduced check sizes, more conviction. proceeds being split between stable farms, btc, and some more hype
some alpha metrics / private discussions which we like to note
- leg and i decided to bring back our portfolio chats (we only do this in times of high velocity and did it between november and jan last year)
- our streams are getting more than 100 views each on yt - overall numbers are way higher, but i remember being happy with that on yt back in the mania because we were building that platform out from a lower starting point and was good to see it past 100 - getting back to 'mania' numbers feels good (though would not attribute it all to mania now, since some is just natural growth too)
- went to bed really late and almost missed the gym (one of the things that has always gone for me in mania times)
the good thing about being so plugged in is that sometimes the only signs you need to read is yourself
- BTC Magazine CEO David Bailey announces merger with Kindly MD to create public company focused on BTC treasury strategy: raised $710M
- Pump Fun introduces revenue sharing for token creators as launchpad wars heat up
Notable PA
- LAUNCHCOIN up 464% to $92M as Believe ecosystem coins moon: many Web2 builders launching coins with working products and Nikita Bier involved
- Ben Pasternak +250% to 66M
- DEGEN +62% to 259M
- KAITO +11% to $1.90
Notable Sales
- CryptoPunk, Cowboy Hat - 80 ETH
- CryptoPunk, Top Hat - 70.49 ETH
- XCOPY, Empire Things - 24 ETH
Web 3 Round Up
- First federally chartered cryptobank Anchorage Digital moves into stablecoin business with acquisition of Mountain Protocol
- Animoca Brands plans US listing, CEO Yat Siu reveals
- Paradigm reveal Multiverse Finance: opportunity to use your bets in prediction markets as collateral
- Michael Saylor's Strategy buys another 13,390 BTC for $1.34 BILLION
- REDACTED announces token trading on May 13th and inclusion on Binance Alpha: Jirasan NFTs down 2% to 0.19 ETH
More News
- NYC Mayor proclaims New York City to be open for business for those in crypto industry: NYC inaugural crypto summit later this month
- Abstract Chain announces full EVM equivalence: teams with previosuly audited protocols can deploy without worrying about code changes
- Blast does not renew service agreement with multisig Safe: building their own multisig functionality into Blast Mobile
In partnership with @SeedifyFund - they have built a permissionless launchpad with priority access for SFUND stakers and creators with strong Kaito & Ethos scores to improve the SFUND flywheel
- US and China Deal release positive joint statement: both parties commit to keep 10% tariffs but suspend some of the rest for an initial period of 90 days
- BTC dominance down to 61% from 64% 4 days ago: memes running hard
- Blackrock meets with SEC to discuss staking and crypto ETFs
Notable PA
- WIF +40% to $1.20 to $1.2B, MOODENG + 111% to 250M, FWOG +60% to 108M
- GOAT +56% to 200M
- SUI up another 5% to $4.20; majors settle down whilst alts run
Notable Sales
- CrytoPunk, Pig Tails - 81 ETH
- Pudgy Penguin, Santa Hat - 29.55 ETH
- Sam Spratt, Masks of Luci - 5.55 ETH; 6 ETH
Web 3 Round Up
- Japanese investment firm Metaplanet buys another 1241 BTC: holdings total 6,796 BTC, worth around $700M
- Democratic senators introduce legislation to ban creation and promotion of cyrpto by Trump and other official government positions; part of heated stablecoin bill negotiations now, seeks to prevent profiting of memecoins
- USDT0 launches on Hyperliquid
- Lido Finance run emergency vote to replace oracle node after suspected private key leak: stakers unaffected, running 9 of 5 multisig
More News
- Memecoin launchpad BOOP ends airdrop claims: shut down because of loopholes in design; new incentive system to come out in 1-2 weeks
- Frank DeGods announces today is his last day as CEO of DeGods
- Ordinals mooving: BTC Puppets up 35% to 0.049 BTC and OMB up 31% in 24 hours
- btc - everyone is preparing their btc treasury companies to buy as much btc as they can, wouldn't it be nice to have some and accumulate - would do this via unit on hyperliquid
- a sol wallet to trade quickly (no need for a trading bot, jupiter is fine); sol still attracts the biggest runners
- abstract wallet - the shenanigans on memes don't exist here - it's very organic price action and you actually get a chance to get in low if you are fast
- compound stables by farming potential high value protocols / lending (i like ethereal, hyperliquid, gondi)
most of this stays the same the next few months at least, some may change - but important to focus the attention