HΞavy NodΞs

[HΞavy NodΞs @HeavyNodes]

Patiently waiting for my $AAVE bags to violently send to the upside 🚀..

Use Aave.

[Marc Zeller @Marczeller]

excellent thread.

Just Use Aave.

[MS2 Capital @ms2capital]

$ZEC | Steelman Argument

Most chains can not prove a bug wasn't exploited, but Zcash is one of the few built to - here's how the foundation could salvage this👇

🔒Turnstiles: shielded pools can't release more value than what entered, so even if a soundness bug minted fake coins, that value is trapped - it can't be cashed out to transparent ZEC without the network rejecting it.

📊Supply reconciliation: total ZEC is auditable against the emission curve. Supply matches issuance → no inflation was ever realized.

🔍Forensic search: scan all chain history for the malformed-proof signature an exploit requires - show it never appeared in a single block.

🛠Patch-first disclosure: fixed in a network upgrade before the reveal = a closed hole, not an open one.

✅Independent audit: outside cryptographers co-sign the analysis. "Trust us" becomes "verified."

📜Precedent: In 2018–19, ECC found a counterfeiting flaw, patched it in Sapling, then disclosed the finding - credibly proved no exploitation via the turnstiles. ZEC survived and recovered.

If they run that playbook:

• Violent relief rally as the "this is fatal" discount unwinds

• $ZCSH double tailwind - NAV recovers and its current ~24% discount to NAV compresses back toward ~11% or less

• Narrative flips to "the turnstile design did its job" - arguably stronger than before.

⚠️ The catch: this only works if it's a counterfeiting/soundness bug (turnstile-auditable). If it's a privacy/deanonymization flaw, you can't prove a clean negative - different, murkier story.

[MS2 Capital @ms2capital]

$BTC | Bear Market Bottom Signals

While @MicroStrategy and @BitMNR are deep underwater, these are unrealized marks on leveraged treasury vehicles - they don't represent the entire asset class:

🔴MSTR unrealized loss: –$10.9B
🔴BMNR unrealized loss: –$9.3B

On the surface it looks bleak, but @CoinDesk reminds us to check what onchain is signaling:

🟢10.5M BTC now sit at an unrealized loss vs. 9.8M in profit - supply-in-loss > above supply-in-profit

🟢This crossover has marked every major bear bottom: 2015, 2019, 2020, 2022

🟢 Price tagged the 200-week MA at ~$61.3K - the support level touched at every cycle low

The treasury equities are the volatility expression, but the onchain cost-basis flush is the signal of capitulation and what marks cycle bottoms🚀

[MS2 Capital @ms2capital]

$VVV x $VIRTUAL - Agentic Finance on @base🚀

@AskVenice now powers private inference for every @virtuals_io agent.

🔥 $VIRTUAL: $70.6M fees all-time (100% on Base)
🔥 $VVV: $3.83M/yr take, 32.5% of supply burned

Agents stake → mint $DIEM → VVV leaves supply. 26.4% already locked.

$400K in inference credits: lower bar for ideas → live agent.

Same chain + same demand - we'll be watching DIEM mints...👀

[Virtuals Protocol @virtuals_io]

Virtuals Protocol is integrating @AskVenice to power AI agent building with private, uncensored inference, available to anyone, anywhere on @base.

Venice brings best-in-class privacy-first inference. Virtuals EconomyOS brings the full agent infrastructure stack: wallets, identity, payments, commerce, funding rails, and launch infrastructure.

We are deploying up to $400,000 in private inference credits so anyone can move from idea to working agent without compute or backend complexity getting in the way.

Start your AI journey. Inference and infra are on us.

Program details soon.

[MS2 Capital @ms2capital]

The Gamma Squeeze | $PURR

It's no secret @Globalflows has been leading the charge on PURR for his community. The only liquid proxy for HYPE ripped to $11.62 this AM.

Over the weekend, he shared an even bolder take: PURR could see a 2021 $GME-style gamma squeeze.

The setup:

• Largest volume day EVER
• Call OI vertical at ~98K contracts
• ~9.8M shares of delta on dealer books - short gamma means every tick up can force hedge buying

The potential fuse:

🔥 Strikes are capped too low - once new higher strikes list, gamma ramp resets and reloads.

🔥 If dealers are short these calls, NAV premium + $HYPE token demand + thin float all gap it higher.

⚠️Thin liquidity cuts both ways, and NAV premiums snap back hard.

The event is a potential asymmetric lottery ticket - size appropriately and watch the strike chain🚀

[Capital Flows @Globalflows]

Hyperliquid Strategies ($PURR ) will have a gamma squeeze in the next 60 trading days (similar to GameStop)🧵👇

$PURR just had its largest day of trading volume, indicating how aggressively investors are establishing positions into the regulatory change for Hyperliquid

On top of this, call open interest for $PURR is surging, as traders buy the OTM tails. Watch very closely because once more OTM calls get listed, it will almost certainly cause a gamma squeeze. Right now, $PURR is the only liquid location to buy OTM calls on Hyperliquid, squeezing into the regulatory acceptance.

There is a massive problem with the calls right now, though. The strikes aren't listed very high. I'll explain this in the next tweet below for you.

[MS2 Capital @ms2capital]

Majors' Market Signals | $BTC + $HYPE

@cburniske has always shared reliable insights on broader markets, but he may be overlooking what the majors are actually signaling:

1️⃣ CEO of ICE (owns NYSE) called @HyperliquidX "bigger than NASDAQ"

2️⃣ CFTC just greenlit 24/7 trading, perps, and BTC collateral

3️⃣ Same guidance powers the $MSTR flywheel + unlocks $STRC as BTC-backed digital credit

TradFi isn't waiting for majors to rotate; they're building new rails, and confirmation comes after the move, not before.🚀

[MS2 Capital @ms2capital]

ZEC Spot Discount | $ZCSH

@Grayscale ZCSH product is trading at a ~8% discount to NAV right now.

• ZEC: $571.21
• ZEC per share: 0.0807
• NAV: $46.08
• Price: $42.41
• Discount: −7.97%

Two paths to upside:

1️⃣ ZEC pumps
2️⃣ Discount closes

If @RaoulGMI is right about 5-10% of $BTC market cap and we're not headed to Goblin town, you can scoop $ZEC at a decent discount🫡

[MS2 Capital @ms2capital]

ETF Inflows | $HYPE - The Double Bid

For the first time, a major has two programmatic buyers on the same float:

• Assistance Fund: buys with protocol revenue
• ETFs: $THYP and $BHYP buy with TradFi flows

In just 10 days, here's their impact:

• Inflows > $101M and counting
• 1.91M HYPE locked in ETF baskets
• 0.57% of float absorbed
• At current pace → 20%+ behind glass in 12 months

Every other major has ETF demand or a buyback - @HyperliquidX has BOTH... and they're accelerating🚀

[HYPEconomist @HYPEconomist]

ETFs keep blasting $HYPE (as expected)

we’re already over $100M in total inflows, that’s roughly 50 days worth of assistance fund buybacks

hard to see how this doesn’t keep going up from here imo

[MS2 Capital @ms2capital]

$NEAR | 1.2% -> 10% Ethereum Market Cap

NEAR mcap: $3.01B (1.2% of ETH)
ETH mcap: $255.6B

NEAR trading~1.2% of $ETH's market cap is structurally mispriced, here's why:

🔹100% of NEAR Intents fees → open-market token buybacks (live since Feb 23)

🔹$79M/day volume → 45% of the $177M deflation threshold, accelerating

🔹0 → 42% confidential transactions in 6 weeks according to @ilblackdragon

🔹 150+ assets, 35+ chains - the only cross-chain confidential settlement layer at scale

🔹Payments, payroll, treasury, agent-to-agent flows +49% this week + the privacy category premium isn't even priced in yet..

This isn't a "flip ETH" trade - it's an asymmetric bet that confidential cross-chain settlement becomes a distinct category - NEAR owns this primitive.

TEE-based privacy unlocks a TAM that Ethereum structurally cannot serve natively - @NEARProtocol capturing 10% of ETH's mcap = 9x re-rate to $20+🚀

[MS2 Capital @ms2capital]

Bears are Wrong | Easy Mode Playbook

@TaikiMaeda2 dropped his "bears are wrong" thesis and revealed his Holy Trinity for the cycle ahead:

🔹 $BTC Power - Saylor's reflexive STRC loop.

🔹 $ZEC Wisdom - privacy + quantum hedge.

🔹 $HYPE Courage - revenues to holders + no VCs.

Fear & Greed printed its lowest reading in crypto history at $66K - checkout his video below + summon the green candle therapy🚀

[MS2 Capital @ms2capital]

$ZEC l Beras Look Cooked

Funding is split on @GMX_IO🫐

🟢Longs receive +0.0020%/hr (positive funding)
🔴Shorts pay -0.0019%/hr plus a -0.0114%/hr borrow fee

Ooof might be time to close those shorts beras🚀

[HΞavy NodΞs @HeavyNodes]

@notthreadguy @BarrySilbert +1 like it 🔥

[Barry Silbert @BarrySilbert]

Fantastic discussion re Zcash. Great intro to $ZEC and investment case

[MS2 Capital @ms2capital]

Venice AI l Agentic Economy Leader

The agentic economy will be bigger than the human economy, per Brian Armstrong - $42.4M has moved across $178.7M agentic payments (82.1% on @base, 99.8% in USDC) @AskVenice is the protocol ensuring it remains permissionless.

Their agentic chat keeps text, code, image & search private by default - nothing stored.

🔹x402-native on Base + USDC
🔹230+ models · agents that build their own skills
🔹Stake VVV → daily $DIEM = compute ownership

The whole sector is consolidating on these rails, and with over 3,000,000 users and $VVV listing on @RobinhoodApp Venice is the one keeping them private

[MS2 Capital @ms2capital]

NEAR Protocol | USDC Integration

@NEARProtocol is positioning as the blockchain for AI - yesterday's $USDC integration flips the stack from infrastructure to production-ready.

The full agentic L1, now shipped:

🔹IronClaw → agents in TEEs
🔹Confidential Intents → private execution shard 🔹AI Agent Market → discovery + jobs layer
🔹Chain Signatures → BTC/ETH/SOL custody
🔹$USDC (5/14) → now a settlement unit

Context:

🟢 $NVIDIA Inception member
🟢 Co-founded by a Transformer paper author
🟢 $1.5B+ $ZEC routed through Intents

Every other L1 is competing for DeFi mindshare. NEAR is building the rails for agentic commerce🚀

[2xnmore @2xnmore]

Barry Silbert just gave the clearest explanation of $TAO and Bittensor subnets anyone has ever delivered on a mainstream stage.

He said it plain:

$TAO powers a decentralized marketplace for intelligence. Anyone can launch a subnet, earn tokens, and monetize real ML work. Open and permissionless. The ultimate hedge against centralized AI.

Then Tom Lee made it even simpler.

Subnets are the S&P 500 of independent AI startups. Each one competing to deliver value. Each one with its own token. TAO coordinating the entire network underneath.

Two sentences, that is the whole thesis.

Most people have spent two years trying to explain Bittensor and nobody listened.

Two legends made it obvious in under five minutes.

This is still early.

[MS2 Capital @ms2capital]

AI Decentralized S&P 500 | bittensor:native

@bittensor is evolving into the S&P 500 of decentralized AI - subnets are their constituents.

Imagine if every IPO on the Nasdaq permanently burned $SPY - that's essentially TAO.

The supply squeeze:

• Registration cost: 230 → 1,500τ ($470k)
• 128 active subnets → scaling to 256
• 73% of TAO already staked
• Every new subnet removes $470k of liquid float

Top 1M performers on the Bittensor index:

🟢 SN82 Compelle +683%
🟢 SN118 Ditto +474%
🟢 SN26 Perturb +242%
🟢 SN79 MVTRX +154%
🟢 SN15 ORO +126%

With over 100+ AI startups - subnet summer is loading🚀

[MS2 Capital @ms2capital]

Market Crossroads | $VVV

@AskVenice is up 2x this month with attention from @Bankless and @blknoiz06, but the tape says accumulation is ending.

Three signals, same direction:

🔴 Cooldown volume +778% W/W
🔴 828 wallets initiated exit this week
🔴 sVVV locked for DIEM peaked May 9, rolling over

The bull case:

🟢 32.14M still staked (68% of circ)
🟢 14.7% APR, +147K net flow 7d
🟢 8.82M sVVV still locked for $DIEM

DIEM mint demand = structural bid. When that softens and stakers head for exits, stock metrics are the last to reflect it.

Source: @venicestats