DK

CSO @defidevcorp | former @krakenfx 🐙, L/S equity analyst 📈, Corp Dev @snap 👻, credit risk @morganstanley 🏛️

[Kishan Shah @kishan__shah]

solana:So11111111111111111111111111111111111111112

[mert @mert]

seeing a big increase in startup pitches for solana

the past two times I saw this, solana szn ensued

combine this with new upcoming network upgrades, monetary upgrades, and the onslaught of use cases like stocks, privacy, onchain pred markets and perps

vengeance

[Anders @aajxbt]

https://t.co/bjqPr5HcXt

[Joe Parrish @MisterAccord]

Archive of my Space with DK (@CryptoIRGuy), CSO of $DFDV, the first $SOL DAT, as well as the first DAT to stay out of $BTC. Edited for time/cleanliness. Timestamps:

0:00 SOL is down, is Solana okay?
2:24 Average person doesn't get crypto yet
6:50 Crypto is where AI was 5 years ago, no "sum of the parts" quite yet
8:58 How has DFDV navigated the distressed SOL price?
11:20 Can control capital allocation, ex. repurchase of convertible notes
14:12 Broader crypto trends, people giving up on $ETH, new love for $HYPE, how Solana stays competitive as chain
18:37 Established financial companies really like Solana
20:13 Major adoption cases (Western Union), despite depressed SOL price
21:31 Parker White stepped down to commit to Apyx, how does DFDV's strategy change?
24:59 Q&A, DFDV's share price drop, how to improve this over next year?
28:12 My own thoughts on DATs, how volatility is part of the thesis
Fundamental difference between DAT and direct crypto/ETF, not "merely a wrapper"
34:27 Final comments

[Bit Paine ⚡️ @BitPaine]

If $STRC were really in trouble $SATA would not be trading at par. If the market doesn’t think 846,842 $BTC is capable of backing $10.5B of prefs at 11.5%, then 19,105 $BTC cannot back $750M of prefs at 13%.

If the market thinks $MSTR and its prefs are a systemic risk to $BTC, then $ASST and its prefs are getting dragged down with it.

There’s just no world in which $MSTR is “fucked” in which $ASST isn’t also “fucked.” Either both are fucked or neither is fucked (neither is in fact, fucked).

They can temporarily diverge due to (real or perceived) inadequacies in management on the part of one issuer, but if there were some kind of death spiral or doom loop there is no logical reason for $SATA / $ASST to be immune to this contagion.

[DK @CryptoIRGuy]

Panic mispriced: $STRC and $SATA are trading at an 8bps effective yield spread, despite Strategy having 32+ years of asset coverage, deeper liquidity, and a stronger equity cushion.

I love $SATA as a product. But this is clearly mispriced.

[Thomas Perfumo, CFA | thomasp.eth 🐒 @ThomasPerfumo]

$STRC closed today at a YTD low of $91.79 (12.6% yield).

Everyone is so focused on the par value that they ignore what the market is screaming: 86% of the variation in $STRC's yield spread is explained by Bitcoin's price.

This is the most important chart on $STRC.

(1/5)

[Joe Parrish @MisterAccord]

I am hosting a Space with DK (@CryptoIRGuy) of $DFDV , the first $SOL DAT, on June 17 at 2:00.
https://t.co/n4REGxk5Y3

[DeFi Dev Corp. (DFDV) @defidevcorp]

We’re going live! 🎙️

Join us on Thursday, June 11, for our May 2026 Recap & AMA.

We’ll be covering the latest $DFDV developments and answering your questions.

Drop us a question & set a reminder! 👇
https://t.co/XWzEb74YwM

[DK @CryptoIRGuy]

Onward

[DeFi Dev Corp. (DFDV) @defidevcorp]

We’re going live! 🎙️

Join us on Thursday, June 11, for our May 2026 Recap & AMA.

We’ll be covering the latest $DFDV developments and answering your questions.

Drop us a question & set a reminder! 👇
https://t.co/XWzEb74YwM

[Thomas Perfumo, CFA | thomasp.eth 🐒 @ThomasPerfumo]

Bad math. The equivalent of P/EBITDA or P/Revenue multiples.

Makes zero sense.

[Chaitanya Jain @CJ_Bitcoin]

We’re not traders. We don’t speculate or try to time the market. We don’t do technical analysis or draw lines on charts.

bitcoin:native is going up forever. There’s only one @Strategy. Buy and hodl.

[mert @mert]

yeah so crypto wasn't dead the last 5 times when literally none of it worked

but now that it works and we're about to pass the biggiest piece of legislation in its history, that's when it will die

or perhaps you're all just emotional

ATHs soon

[Pierre Rochard @BitcoinPierre]

Saylor / Strategy selling a few raspberries isn’t causing bitcoin to crash. The reality is that there is a massive parabolic spike in AI-related equities that is vacuuming up all excess liquidity, multiples of bitcoin’s market cap. On top of that, labor market is healthy and energy prices are up, so sentiment for dovish rate cuts is nowhere to be found. Bitcoin’s fundamentals have never been better even if the macro environment isn’t doing it any favors.

[DK @CryptoIRGuy]

⏳

[DeFi Dev Corp. (DFDV) @defidevcorp]

https://t.co/UQPgGvTffA

[DeFi Dev Corp. (DFDV) @defidevcorp]

Monthly tokenized stock volume on $SOL just hit $1B for the first time EVER. 📈

And there are still 4 days left in May...

Mar: $806M
Apr: $858M
May (MTD): $1.06B

The rails for tokenization are being built in real time, and they're running on Solana.

[DeFi Dev Corp. (DFDV) @defidevcorp]

65% of agentic payments are already happening on Solana.

Right now, we're witnessing the early shape of a new economic layer on solana:So11111111111111111111111111111111111111112.

AI agents need:
• instant settlement
• sub-cent fees
• programmable money
• internet-native payments

As we wrote in “Every Agent Needs a SOL,” machines need a financial system built for machines. Solana is increasingly becoming that system. 👇
https://t.co/kQgDmFqES9

[Seraphim @MacroMate8]

solana is the house of spot

[DeFi Dev Corp. (DFDV) @defidevcorp]

Solana has settled $1.51T in 2026 alone. 🤯

That already matches its entire 2024 volume, and it's 56% of 2025's full year with 7+ months still to go.

At the current pace, $SOL clears ~$4T in settled volume by year-end. The biggest year for Solana is happening in real time.

[DeFi Dev Corp. (DFDV) @defidevcorp]

DeFi Development Corp. Reports Q1 2026 Results, Repurchases $4.4M of Convertibles at 41% Discount
https://t.co/Mo0kKYAzya