Mosi

random african guy

[Mosi @VannaCharmer]

https://t.co/8AEWLwdIev

[Serpin Taxt @serpinxbt]

past 18 months it has become painfully obvious that the grifting is MAJORLY holding crypto back

> VC vapor projects down 99%
> KOLs with CONSTANT undisclosed ads
> major brands paying to lie about PNL for marketing

reputation matters and why I continue to build @ethos_network

[Deg @degcap]

https://t.co/GvquHJZpBc

[Simon @simononchain]

For everyone who watched hyperliquid:native run all cycle and never pulled the trigger, now might be the time.

In fact, I believe the case for $100 HYPE by the end of summer is very strong.

This is due to a mix of factors:

- First, Hyperliquid's underlying fundamentals are arguably stronger than they've ever been...

Yes, DESPITE monthly fees being down ~57% (from ~$145M in August to ~$63M in May).

Context matters here ^

We are in a DEEP crypto bear market, w/ BTC down ~50% from ATH.

That is to say this isn't a product of their market share eroding but, instead, due to structural and market-wide forces.

(e.g. Coinbase's revenue fell ~60% peak to trough last bear).

Even still, HYPE's revenue has held up surprisingly well, largely because they're servicing traders who want to trade (and list) non-crypto assets on HIP-3 markets: 24/7, permissionless, in a way ONLY they can really pull off.

This has, very clearly, found real PMF well outside even crypto natives (off-hours oil trading during global conflict being the perfect example).

//

For the first time too, there's a credible path to hyperliquid:native pulling in unexposed marginal capital from TradFi through ETFs (something required for a true parabolic ATH break).

TradFi allocators now have multiple Hyperliquid spot ETFs to choose from.

(Access had been a real blocker for anyone even considering exposure, even among positioned, crypto-native allocators post TGE)

The HL story has also now permeated outside of crypto, repeatedly even to the point now where HL is undeniable: multiple @WSJ features, a @citrini allocation, @CNBC charting it.

Set against an overwhelmingly successful SPCX pre-IPO market that became the "source of truth" on for everyone involved...

Yet, the best is likely yet to come here.

I expect the OpenAI and Anthropic markets to build off that momentum and pull in an EVEN MORE absurd amount of TradFi attention toward Hyperliquid.

(This is key because, at EOD we are all really just trading attention)>>

///

While, it might seem obvious to anyone in crypto - "everyone knows" Hyperliquid has been the most fundamentally sound project this cycle...

If these variables play out, I think we get a genuinely reflexive loop that could catch people offsides (assuming broader markets hold).

The most access to Hyperliquid there's ever been + repeated Wall Street and media attention + OpenAI/ Anthropic pre IPO markets = higher hyperliquid:native:

- more attention --->
- more flows --->
- higher price --->
- more attention--->
- repeat

For the FIRST time that means real TradFi bidders in the book

(Remember how ETH ran on far worse fundamentals?)

And if/when HYPE takes out its ATH, I believe a ton of sidelined crypto-native capital will chase as well.

(Shocking how little exposure many of us still have)

///

A couple other points worth touching on in the HL story...

1.) I believe it is very underdiscussed that @fomo (ex @dYdX team w/ reportedly ~500k users) built their perps product on HL's builder codes.

If their offering really takes off, which I think they will given how well their meme-centered product has done while the meme market's been dead, the builder code / "AWS of liquidity" narrative (not to mention marginal fees) will be dragged right back to the forefront.

(~40% of HL's active users already trade through third-party frontends, not the native UI.)

TradFi will LOVE this.

2.) While HIP-4 hasn't done as well as I'd have expected, I do think there's a chance HL becomes a viable competitor in prediction markets down the road, especially as those markets get aggregated and traded through terminals.

(Worth noting the comps here = Kalshi @ $22B & Polymarket @ $15B)

HL has arguably the most valuable user base in the space, and from a dev POV, building on Hyperliquid is far friendlier than anywhere else, large reason builder codes have taken off the way the have.

For this reason I do not think it's a stretch to say we could see this play out the same way their perps liquidity did, though it'll take time.

3.) Finally, USDH being acquired + Circle/Coinbase giving 90% of the USDC yield back to HL heavily derisks HYPE IMO

(not to mention the incremental ~$200M /yr in HYPE buybacks).

Two things here are true:

1. Circle and Coinbase are among the most connected companies in Washington and some of the highest spenders on lobbying
2. They've decided they can't afford not be part of Hyperliquid's growth story.

US approval or not, the non-KYC offshore market Binance has owned for years is more than enough reason for them to get in the mix.

Hyperliquid.

[Mosi @VannaCharmer]

A good chunk of the economy is just convincing really rich people to buy things they don't need

[Mosi @VannaCharmer]

3/3

[Mosi @VannaCharmer]

Mom, mom I want a combo!

Let me get some 'Yes' on Elon Musk becoming the first trillionaire with a side of 'Yes' on The Gunners winning the premier league and for dessert I'll get some 'No' on the Spurs winning the game vs Liverpool this weekend

[Mosi @VannaCharmer]

Those SF escorts looking cheap per hour vs fable

[Mosi @VannaCharmer]

dev unloaded the bundle

[Darren Rovell @darrenrovell]

As more tickets were released today, the Game 3 Knicks get-in has plummeted from a high of 11,000 per ticket to $7,700 and dropping.

[Mosi @VannaCharmer]

@xEbumx in africa for vacation rn

[Thomas Braziel @Bkclaims]

Polymarket Corp Footprint:

Per LinkedIn Sales Navigator:
-370 total employees
-250 based in the U.S.
-CEO based in New York City
-Nearly the entire C-suite and senior leadership team (~25 people) appears to be NYC-based

0 employees appear to be based in Panama

An interesting corporate footprint for a company commonly described as being based in Panama.

[Chang 🧪 @chang_defi]

anyone got a contact to seal911 by any chance?

was phished and my stuff on fomo + hyperliquid all closed and withdrawn/bridged off

https://t.co/vhfGtFmAdu

[Fozzy @fozzydiablo]

congrats on rewarding these scammers

polymarket competitor cant come soon enough

company is going straight to 0

[Andrej Karpathy @karpathy]

Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time.

[knower @knowerofmarkets]

So excited to have helped bring MTS to life these past several weeks and we’re officially out of stealth today

The future is bright

[goodalexander @goodalexander]

Stuff I wish I knew when I was younger:

1. Doing something poorly and consistently is better than doing it in a world class manner occasionally
2. Other people tell you to take risks bc they want to see what happens or have a free option if you win not bc they think it’s a good idea
3. Most people don’t think about you at all. But some people think about you a lot. If someone who is a baller takes an interest in you for no particular reason just run with it. One trick to vastly improve your relationship outcomes is spend time w people who like you (not ppl who ignore you or treat you poorly).
4. Everything in your life you can categorize as 1) addictive 2) enjoyable. And if you do a bunch of non addictive enjoyable things it’s quite likely you’ll be happier. If you stop doing that basket you’ll burn out, predictably
5. It’s a lot easier to deal directly with negative thoughts than it is to deal with the life circumstances generating them and most of the time you can actually deal w the circumstances more effectively if you’re not tilted
6. Most of the economy is a cartel defined by proximity to central banks, the government, and a small elite. The reason “contrarian” ideas work isn’t because they’re good. It’s bc they’re “king made”. It’s decided in advance who is going to win. You need to decide if you’re going to play or not. There is no halfway
7. Being mad about the system being rigged is a waste of time it’s a lot better to just bet on it, or invest with that as an edge bc most people aren’t blackpilled enough.
8. Most studies - especially social science studies have criminally low r sq or poor methodology. Such that most things you read online don’t actually work. At the same time - your own response to things is fairly predictable. So if you find something that works - you can just go back to that - a lot more easily than optimizing something new
9. Life getting worse after 30 is a scam. Actually - it might genuinely get worse for most people. But it doesn’t have to. The people who most loudly tell you what you need to be happy are the least happy people
10. Over time your outcomes are mostly determined by the quality of your network, your investment rate of return and your tax rate. But every once in a while you can do something non linear that can be a home run. It’s best to do non linear things during asset bubbles or when you have a hot hand. It’s not a good idea to do non linear things when there isn’t strong investor appetite for risk taking
11. Your behaviors will tell you stuff you’re not dealing with. If you’re overeating or sleeping poorly it’s probably bc there’s something you haven’t acknowledged or faced or are putting off
12. As you move towards a singularity , accelerating progress or a purported societal shift the predictability decreases - rather than increasing. People are the most certain at maximum acceleration when the very nature of acceleration or complexity suggests they should do the opposite. If AGI is coming start thinking 1 week out not 3 years out

[Tom Schmidt ＞|＜ @tomhschmidt]

any time you see @Kalshi people talking, you should assume that they're stupid or they think you're stupid.

you may have seen them claiming that non-sports volume is growing, largely from a new "exotics" category.

what do they count as exotics? multi-leg sports parlays 🤡

[Simon @simononchain]

"i highly recommend you investigate this"

shilling a 36m mkt cap coin on the "biggest business podcast in the world"...

@jason what are we doing man

[Mosi @VannaCharmer]

@based16z It's also really bearish Palantir