NyKO

Creator of Crypto Master Minds, an invite only networking group of dedicated traders, investors and content creators

Join up and network with likeminded people

[Emperor Osmo 🐂 🎯 @Flowslikeosmo]

$HYPE is down roughly 28% from its all-time high, and I think this is where the setup starts to get interesting.

Most of the catalysts have not fully materialized yet:

1. AQAv2 is expected to introduce USDC staking yield this month, giving HYPE holders another way to put idle capital to work - on top of the 436M HYPE already staked across 48,135 stakers.

2. Permissionless prediction markets could create a meaningful new use case for the token, with more than 500,000 $HYPE required to launch a market.

3. New TWAP and scheduled-execution tools continue to close the gap between Hyperliquid and CEXs.

4. Buybacks and burns remain a structural source of demand. 99% of protocol fees route to the assistance fund, which has now retired 46.2m $HYPE, about 20% of the circulating supply, for $1.27B since launch. $37.1M of that came last month.

5. Institutional adoption is starting to show up. Japan’s TSE-listed Eole Inc. has already disclosed a $HYPE position and plans to stake once AQAv2 launches.

No doubt we'll see new ATHs again this year.

[Men Optimized Health @Men_Optimized]

1 minute of lymphatic massage to feel 10 years younger.

[The DeFi Investor 🔎 @TheDeFinvestor]

Crypto Watchlist for the week ahead:

$HYPE - Hyperliquid's revenue deal with Circle goes live on Aug. 26. It will add $100M+ in annual HYPE buybacks

$SOL - Solana's proposal to reduce SOL token inflation will go live soon, according to Mert

Variational - Variational's Swaps, a new product that will significantly improve its RWA markets, is expected to launch in August

Extended - Extended will slash points from inorganic or manipulative activity next week

$SEI - Sei Network is set to make a big announcement soon

$CRCL - The next earnings call of Circle, the issuer of USDC, is set for Aug. 5

$DIME - The claiming period for Paradex TAP airdrop ends on Aug. 4

If you enjoyed reading this, a like and a repost would be appreciated🫡

[The Order Book @OrderBookShow]

Tradermayne shares that the meme coin trenches are a mass casualty event.

"More people lose money than make money trading. Way more. 80, 90% of people who try and trade get fucking their ass handed to them. 99% of people who trade meme coins get their ass handed to them. The vast majority of you are gonna lose all your money trading meme coins. Pretty much every single one is going to zero over a certain amount of time."

Feat. @Tradermayne

[Our Crypto Talk @ourcryptotalk]

$MORPHO | @Morpho doubled its market cap, plugged in Robinhood, BitGo and Trezor, and raised $175M from a16z and Paradigm.

So why are holders still asking "but do I actually get any of it?"

Top-2 DeFi lender. $7B+ deposits. $0 protocol revenue to the token.

Cope or hope? We ran the on-chain numbers. 👇

[💎⚡¢®¥ptø ¥êêzü$⚡💎 @CryptoYeezussss]

These are the top 10 cats of #crypto but ONLY 1 is horrendously undervalued and hasn’t ran to MILLIS yet like toshi:native keyboard-cat-base:native or $nub but has the social valuation and culture to run to BILLIS like solana:7GCihgDB8fe6KNjn2MYtkzZcRjQy3t9GHdC8uHYmW2hr

$yep moon that to Yepillions 📈

https://t.co/a4jeSP6iZl

[DeFi Warhol @Defi_Warhol]

Tier List of Neobanks for Digital Nomads

S Tier:

@lava_xyz
@krak
@coca_card
@usemotocard
@KoloHub
@gnosispay
@ether_fi

A Tier:

@useTria
@wirex
@xplaceapp
@Plasma
@hyperbeat
@MetaMask
@itstuyo

B Tier:

@KASTxyz
@solflare
@Karta_Personal
@RedotPay

C Tier:

@holyheld
@Cypher_HQ_
@Solayer_Pay

Do you agree?

[Our Crypto Talk @ourcryptotalk]

$10,000 into these altcoins since the start of 2026

Winners 🟢

$HYPE → $26,700
$RAIN → $20,300
$CFG → $19,500
$AKT → $18,300
$GRASS → $17,300
$MORPHO → $16,400
$GEOD → $14,300

Losers 🔴

$SUI → $4,800
$DOT → $4,600
$SEI → $4,500
$VET → $4,300
$H → $3,700
$S → $3,500
$APT → $3,200

[Shiro @CryptoShiro_]

Prediction Markets are one of the strongest Narratives this year.
So I've been looking for ways to get exposure to it lately.

Since we can't invest in Polymarket yet, I needed to find another way!

A new project caught my interest,
With a new primitive,
Still very early ↓ 🧵

-------

I'm talking about @ForecastFDN.

Forecast is unlocking a new layer for Prediction Markets.

It's still very early, but is getting a lot of attention from key figures in the Base ecosystem, some solid KOLs,...

What's lacking from Predictions Markets right now is leverage.
Not the degen kind, ofc.

→ They are missing the ability to take advantage of small changes in probabilities.

Prediction Markets reached $63.5B in volume in 2025, but they're still limited to 1x leverage because binary outcomes (YES/NO, outcomes for predictions markets) resolve instantly, making liquidation impossible.

Forecast is bringing real leverage to prediction markets for the first time.

It's doing so by moving solvency from individual positions to a shared liquidity pool.

Since a binary market has only two outcomes, the pool can verify solvency upfront, removing the need for liquidations and enabling 100x+ leverage.

It means Forecast does not need to watch the trade every second and liquidate someone if the price moves against them.

In a normal leveraged market, prices move gradually, so the protocol checks if your collateral is still enough. If not, you get liquidated.

But in a binary market, there are only two final states:

• YES wins → YES pays $1, NO pays $0
• NO wins → NO pays $1, YES pays $0

So before opening a trade, Forecast can ask:

"After this trade, can the pool still pay everyone if YES wins? And can it still pay everyone if NO wins?"

If the answer is yes in both cases, the system is safe from the start.

That’s the innovation: instead of relying on liquidations during the trade, Forecast checks the worst-case outcome upfront. This allows traders to use high leverage, like 100x+, because the pool already knows it can survive either final outcome.

------

✦ With Forecast
→ Small pricing inefficiencies become worth trading.

For example, if a market moves from 67% to 69%, that 2% change is barely worth trading at 1x. But with leverage, the same move can generate significant returns, making it worthwhile for informed traders to act on even small pricing inefficiencies.

Instead of liquidations, traders pay continuous funding to LPs over time.

LPs simply deposit USDC and earn passive yield from this funding. They don't take directional exposure, manage markets, or provide liquidity manually. Their capital only enables leverage, making the yield scalable and independent of market outcomes.

So yeah, quite innovative, but very early.

• For now:
No website, no articles, no docs, no official audits yet.

Even the pre-deposit campaign was quite "mysterious", we don’t know exactly what it will unlock, apart from early access to the product.

That's what piqued my curiosity.
→ It’s either a cash grab with nothing real behind it, or a very early project with real potential that we can get exposure to before the crowd.

And I’m obviously leaning toward the second option.

I do think it’s alpha, because Forecast already has support from several important people in the industry.

Especially from Base people.

@ForecastFDN is part of the Base Batch, a group of innovative startups featured by Base.

On top of that, the creator of Base has also interacted with Forecast.

------

✦ Support from serious people

• @jessepollak, creator of Base
🔗 https://t.co/TyNdIRjMnr
🔗 https://t.co/29XFVneWFz

• @Base on X, Base Batches 003
🔗 https://t.co/NHQF7ZTyBb
🔗 https://t.co/sGF8AePKdx
🔗 https://t.co/5SenQAk29e

• @XenBH, Head of Market @Base
🔗 https://t.co/hj7z73GqPi

• @davidtsocy, Ecosystem & Ventures @Base
🔗 https://t.co/DundmC6Ocz

• @0xdetweiler, KOL & Advisor
🔗 https://t.co/e317cgDpqL
🔗 https://t.co/g3q0km00jr

• @nftboi_, KOL & Builder
🔗 https://t.co/8aK3Xf1Esl

• @BaseHubHB, Base Community
🔗 https://t.co/u2luwaMDaA

• @CryptoJonesRC, KOL & Researcher
🔗 https://t.co/9FJJLWgNPZ

✦ Latest News

• Launching soon
🔗 https://t.co/U154rKpkFh
🔗 https://t.co/nvM0Tqje5W

• Founding Pre-deposit campaign is finished
🔗 https://t.co/7lsMyy9j00
🔗 https://t.co/HuhOTpYBaw

Unfortunately, when I started writing this post, the pre-deposit campaign was still live.
I wanted to share the alpha, but things moved too fast.

$2M has now been deposited.

It’s no longer possible to pre-deposit, but the vaults are now open for deposits, and the protocol should launch soon.

No token yet, but I expect we could get exposure pretty soon.
And if not, at least we will have the yield from the USDC vaults that should be good.

-----

✦ TL;DR

@ForecastFDN is innovative because it brings real leverage to prediction markets without liquidations, by making solvency guaranteed at the pool level instead of relying on fragile position-by-position liquidations.

Today, prediction markets are mostly 1x collateralized: if you want $1 of exposure, you need to post $1. That limits the size of trades and makes small mispricings less attractive to correct.

With Forecast, traders get 100x+ exposure on real-world events, while USDC depositors earn passive yield without taking directional market risk.

• Disclosure
This is NOT a sponsored post.
I don't know the team.
I pre-deposited funds into the protocol.

NFA & DYOR 🫡

[Tasso Lago @TassoLago]

A tokenização de ativos do mundo real é uma das principais pautas do mercado cript.

$SOL tem muitos holders, mas tem uma inflação de token gigante.

$PLUME aparece como destaque, sendo negociada perto dos meros 100M fdv vs $ONDO que ta em 3-4 bi.

Aproveite a baixa

[NyKO @CMM_Nyko]

@DamiDefi @WatcherGuru That aged well

[Tanaka @Tanaka_L2]

➥ Which DEX is generating the most sustainable revenue?

DEX revenue is no longer only about who has the biggest volume, because each protocol captures value through a different model.

Some rely on spot trading fees, some rely on aggregator flow, some rely on veTokenomics, and some are still highly dependent on ecosystem cycles.

» volume king → @Uniswap / $UNI
» Solana aggregator → @JupiterExchange / $JUP
» Base liquidity hub → @AerodromeFi / $AERO
» multi-chain retail DEX → @PancakeSwap / $CAKE
» Solana AMM + launchpad → @Raydium / $RAY
» stablecoin AMM → @CurveFinance / $CRV

one thing to note: high volume does not always mean strong protocol revenue, and strong fees do not always mean direct value accrual to token holders.

I personally prefer DEXs with long-term brand, deep liquidity, multi-chain reach and a clear path for fee capture.

That is why I’m still betting on $UNI.

Uniswap has the strongest brand in DEXs, huge liquidity, V4 Hooks, Unichain, multi-chain expansion and the biggest upside if fee switch becomes a real value accrual engine.

btw, if DeFi enters a more revenue-focused cycle, I think $UNI is one of the cleanest blue-chip bets in the DEX sector ↓

[Benjamin Cowen @benjamincowen]

The four year cycle strikes again.

Bitcoin just had a weekly close below the 200W moving average.

The first time it closed below the 200W moving average in 2022 was also in June.

[Mesh @MeshClans]

The market is still looking at an older version of $PENDLE.

Price is around $1.26, close to where it traded in March before a 75% move. The difference is that the protocol underneath the token has changed since then.

Back then, Pendle had three clear issues:

- Complex tokenomics
- Low staking participation
- Yield products many people still treated as a niche part of DeFi

The product was useful, but the token design had friction.

Then in January 2026, Pendle replaced vePENDLE with sPENDLE.

vePENDLE required users to lock tokens for up to 2 years, which kept participation around 20%. sPENDLE changed the model with 1:1 staking, 14-day exits, and better DeFi compatibility.

Supply staked has now reached ~58%, so one of the biggest weaknesses in the old design has been materially improved.

The fee side changed too:

- 80% of protocol fees go toward buying PENDLE from the open market
- Buybacks run through an hourly TWAP across the week, creating steady demand instead of one large purchase
- $1.7M bought back YTD, $824K distributed in the last 30 days, as of late June 2026
- Distributions only go to active stakers

That creates a clear split between passive holders and active stakers.

Idle holders still count in the market cap, but they do not receive fee distributions. Active stakers are the ones capturing that value.

On valuation, the ~$13.2M annualized revenue figure was the trough snapshot. Revenue is up 51.7% month over month, as of late June 2026.

At a $216M market cap, that is around 16x trough revenue and closer to 10x on the current run rate.

GMX trades in that same range, while MakerDAO sits higher at 15-20x. So @pendle_fi sits near the cheaper end of the DeFi yield set.

The multiple alone does not explain the setup.

The revenue path does.

80% of fees flow back through buybacks instead of sitting in a treasury. And since non-staked PENDLE still counts in the market cap while earning nothing, active stakers are exposed to a lower effective multiple than the headline number suggests.

Then there is Boros.

@boros_fi is Pendle’s funding-rate trading platform. It is already live and has shown traction, with its deepest market doing around $156M in weekly volume.

This part still looks underpriced.

Boros lets traders lock fixed funding, take floating exposure, or trade rate differences across venues. Rate desks have done this in TradFi for decades. Pendle is putting that logic on chain.

A useful example came during the recent oil supply shock, when some Boros funding rates ran above 900% annualized.

That was a macro-scale dislocation showing up inside a DeFi product, and Boros gave traders a way to take a fixed position against it.

More markets are landing in July:

- WTI and Brent crude oil
- Gold and silver
- Equity perps including NVDA, TSLA, and the S&P 500

This is where Boros starts to matter beyond DeFi yield.

Global perps open interest is somewhere around $150-200B, while Boros is at roughly 0.05% of it. That gap gives Pendle a much larger rate market to grow into.

So the market is still pricing $PENDLE close to its trough version, while the protocol has improved staking, added direct buybacks, and expanded into funding-rate markets.

The price is close to March, but the protocol is no longer the same.

[Cointelegraph @Cointelegraph]

🚨 WATCH: Polygon processed around $80B in stablecoin volume in May.

It also led all blockchains in transaction count.

The network says it surpassed both Solana and BNB.

Polygon believes AI agents will execute more onchain transactions than humans within five years.

watch it now:

https://t.co/OvnrT3XLbk

[Our Crypto Talk @ourcryptotalk]

US House Committee schedules crypto Clarity Act hearing for July 17.

Dear @grok ,

Which Made in USA Altcoins will benefit the most from the CLARITY ACT?

Keep them here, remove the rest.

[OCT Gems @oct_gems]

RWA Tokens and What They Do:

$ONDO: Tokenized US Treasuries, institutional yield products, DeFi lending/borrowing

$ZBCN: Real-time payments & payroll, RWA infrastructure, DePIN, card spend & staking

$SYRUP: Institutional credit, private lending pools, onchain asset management, treasury-backed yields

$PENDLE: Yield tokenization (PT/YT), trading future yields, fixed-income strategies

$CFG: RWA tokenization infrastructure, structured credit pools, onchain collateral

$PLUME: RWA-focused L1, full lifecycle (issuance to yield), institutional integrations

$CPOOL: Real-world credit tokenization, unsecured lending pools, onchain credit markets

[a16z crypto @a16zcrypto]

"Korean institutions are still learning what blockchain infrastructure can do in practice. The projects that show up, make themselves useful, and work with institutions at their own pace will have a much better chance of becoming part of Korea’s stablecoin infrastructure when the market opens more fully." — @sungmo_apac16z

[Grayscale @Grayscale]

4/ Price multiples across DeFi lending have compressed significantly

Differentiated business models and attractive valuations persist across the cohort

$AAVE, $SKY, $SYRUP, and $MORPHO each reflect examples worth examining closely

[The Daily Degen @thedailydegenhq]

Aerodrome $AERO has been generating lots of excitement of late...

And is a rare beacon of outperformance amidst this overall goblintownery...

With the AERO/BTC ratio up over 42% in the last two weeks...

- @patfscott and @defidave interview @wagmiAlexander about it below: