Luis | TOKENZEN

Siemens SI-B | Founder, TOKENZEN | Crypto + Macro | Exponential Technologies, AI & PMs | Personal Views | NFA |

[Imran @lmrankhan]

I’ll forever be bullish on crypto.

I think we overestimated how quickly crypto would become the next major computing paradigm. A lot of people were searching for the next platform shift and assumed it would be crypto, but in many ways that ended up being AI.

Over the past decade, ton of capital flowed into crypto, and much of it went toward overbuilding. Instead of focusing on a handful of narrow sectors where crypto had a clear advantage, the industry tried to reinvent everything all at once. What we’re seeing now is a natural pullback and consolidation after that period of excess

I don’t think the core thesis is broken by any means. Crypto’s biggest success may not be apps first (even though we have a few), but rails first. As stablecoins, wallets, tokenized stocks and onchain financial infra via neobanks reach every human and eventually every AI agent, crypto becomes the default settlement layer of the internet.

Once those rails are everywhere, many of the ideas that arrived too early like DAOs, decentralized marketplaces, machine to machine payments, and the ideas Vitalik wrote about in the early days of Ethereum may finally have the distribution needed to get it off the ground.

[Eric Rosengren @EricSRosengren]

The WSJ article on hyperliquid is a good overview. The world will be quickly moving to efficient low cost 24-7 trading of real world financial assets not just crypto assets. The liquidity is moving to decentralized exchanges and away from more costly centralized exchanges .

[Sam Stoffel @sam_stoffel]

Founder of lululemon on what he'd tell every 25 year old:

"I'd tell them that every person in the world is an individual with a different genetic makeup and a different upbringing and the way that you're thinking is so radically different than every other person in the world and incomparable that if you have an idea and you want to move forward with it, don't worry so much about the competition because nobody will be able to replicate you and the way you think about it."

[Grayscale @Grayscale]

Grayscale Hyperliquid Staking ETF (Ticker: $HYPG), the $HYPE ETP with the lowest gross management fee in the U.S.¹, starts trading tomorrow.

$HYPE is the asset powering 24/7 onchain markets, with @HyperliquidX driving trillions in perpetual trading volume²

Direct $HYPE exposure and staking. In your brokerage account tomorrow.

Hyperliquid.

[Dr.Porny @DrPorny]

Mando Explains How $NEAR Threatens $ZEC’s Privacy Utility

"You can swap USDC and all of these assets on any chain. This works on any chain you want to go to. It's fully private - they’ve built a fully private DEX. Every chain is private. You can swap any coin on any chain really privately, with excellent fees."

"This is a really great product. I don’t know why you’d use Zcash after seeing something like this. They’re expanding it to more and more chains — you can already do it with Hyperliquid. I really think they’ve built something special here. It feels like a Hyperliquid-style product."

"When you look at it, you think: “OK, I can use this.” I can easily imagine institutions using it too. We use it for YEET. It can serve as your bridge, which is a big deal for midpoint trading, on-chain trading, and swaps."

"This isn’t just a coin. Remember, 50% of the revenue is used directly for NEAR buybacks. This is why I say NEAR has become more of an app play."

[NFL @NFL]

.@obj back with Big Blue 💙

(via @Giants)

[Luis | TOKENZEN @tokenzen24]

@ThinkingUSD Did you build this dashboard?

[Portugal @selecaoportugal]

𝗦𝗺𝗶𝗹𝗲. 😁📸

#VaiDarPortugal | #FIFAWorldCup

[New York Giants @Giants]

Ready for Odell’s return 😤

[Mando @rektmando]

start using NEAR intents - you will realise you don't need anything else for privacy

they have built an incredible product here

[Andy @andyyy]

$PURR is going to pull a MSTR-like move in the coming months…will be talked about all over CT if Capital Flows is correct.

Were talking massive outperformance.

Why fade these TWAPs???

[Luis | TOKENZEN @tokenzen24]

This is why bitcoin:native exists. Just buy Bitcoin

[Benny Johnson @bennyjohnson]

NYC Mayor Zohran Mamdani wants to "transfer ownership" of private property from landlords to "the community."

That's not a housing policy.

That's Marxism.

-The Soviet Union tried it.
-Cuba tried it.
-Venezuela tried it.

Every country that’s tried it ended up with empty shelves, collapsed economies, and citizens fleeing for their lives.

This is not a new idea.

It's a very old, very dangerous one.

New York deserves better. America is watching.

[Ansem @blknoiz06]

took less than a day, $HYPE ATHs now at $67, $62-64 area at prior highs should be support on any pullbacks but might not be gifted a clean retest

still believe we are in early innings of the narrative forming around a protocol that enables 24/7 trading of all assets, most profitable startup globally if looking strictly at revenue per employee

[Mike Selig @ChairmanSelig]

In my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment.

This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.

[Luis | TOKENZEN @tokenzen24]

In all honesty, when we catch a sui:native bid (rerate) TOKENZEN literally moonshoots.

It’s inevitable, just have to wait until the market catches up to the thesis. near:native and hyperliquid:native bags are fully packed. Refocusing attention towards Sui accumulation because the token trading under $1 is a clear sign of market dislocation.

People are seriously missing the alpha and what it’s built for. DeepBook is also completely flying under the radar.

Top 10 token. Top 3 layer 1
5x to reach the top 10
6x to retest ATH
9x to reach parity with TRON
13x to reach parity with Solana

[Luis | TOKENZEN @tokenzen24]

Investing pays those who understand delayed gratification. Takes months to analyze, synthesize, deep dive, understand the current trends and narratives, then reposition to capture future growth. Then all of a sudden you get paid 10-fold.

I love this game. 2026 has been good but have no doubt it will be a great year. Maybe even better than 2023-2024.

[Luis | TOKENZEN @tokenzen24]

Investing pays those who understand delayed gratification. Takes months to analyze, synthesize, deep dive, understand the current trends and narratives, then reposition to capture future growth. Then all of a sudden you get paid 10-fold.

I love this game. 2026 has been good but have no doubt it will be a great year. Maybe even better than 2023-2024.

[Hyperliquid Policy Center @HyperliquidPC]

We welcome today’s CFTC actions: approval of the first U.S.-listed perpetual derivatives contract, an accompanying Commission policy statement on the listing of perpetual derivatives, related interpretive guidance and no-action relief from the Market Participants Division, and a Staff Advisory on 24/7 Trading, Clearing, and Settlement, as a long-overdue acknowledgment that perpetual derivatives are a legitimate and essential tool for price discovery and risk management.

For too long, regulatory ambiguity drove these markets offshore, depriving American traders and institutions of access to regulated venues and undermining U.S. competitiveness in the global derivatives markets.

Today’s actions chart a new path forward. We look forward to engaging closely with the Commission to ensure that the framework it develops is workable not only for centralized intermediaries, but for the onchain protocols where the most significant perpetuals activity actually occurs.

[Luis | TOKENZEN @tokenzen24]

@X Loving the new algo. May not seem like much but helps the small guys grow and gain visibility by a factor of 4-5x

Thank you 🙏🏼🙌🏼

[GREG ISENBERG @gregisenberg]

Claude Code just dropped "dynamic workflows" and it's pretty cool.

You type "create a workflow" or turn on "ultracode" in the effort menu and it spins up hundreds of parallel agents that check each other's work.

The unit of work you can hand off jumps from a file to an entire codebase. Migrations, audits, rewrites, framework swaps, stuff you used to plan in sprints now finishes overnight.

The part that got me:....the agents argue with each other before showing you the result. Independent attempts at the same problem, then adversarial agents trying to break the answer. It keeps iterating until they converge. That's how senior engineering teams work. Except this team runs at 3am and never gets tired.

Also if the workflow gets interrupted, it picks up where it left off. That means you can kick off work that runs for days. Not sessions. Days.

Fair warning though: this burns through tokens FAST.

Anthropic says so themselves. But if the task is a codebase migration that would have taken a team 3 months, spending $500 in tokens to do it in a week is the best trade in software.

The ceiling on what one person can build just moved again. Classic.

Going to be playing with this all week.

Pretty cool.

[Dan Shipper 📧 @danshipper]

BREAKING:

Anthropic just dropped Opus 4.8—and it is a MONSTER

We've been testing for about a week @every and our verdict is they could've just called it Opus 5, it's that good.

Here's our vibe check:

- Beats GPT-5.5 on Senior Engineer bench. On our toughest benchmark Opus 4.8 scores a 63—a hair higher than GPT-5.5's score of 62, and a full 30 points higher than Opus 4.7. It tackled a ground-up rewrite of a production codebase, and actually built something that works.

HOWEVER: Coding performance varied a lot at different reasoning levels. We recommend using it on xhigh for best results.

- Incredibly good writer. Opus 4.8 scored a 79.6 on our writing benchmark—measuring models on real-world writing tasks we do all of the time like essay writing, promo email writing, and more. It beats GPT-5.5 by 6 points. It produces well-written prose with fewer "AI-isms". It's also very good at writing in your voice given the right context.

HOWEVER: Writing performance also varied with reasoning levels. Medium reasoning had higher incidence of AI-isms—we found best results with high.

- Beast at knowledge work. Opus 4.8 is very good at general knowledge work tasks like report creation, research and more. It produced the best PowerPoint one-shot we've ever seen on our deck generation benchmark.

- Emotionally intelligent, willing to question the frame. I've also found it to be quite good at talking through psychological or interpersonal issues. It has a high EQ, and it's also good at not glazing and helping to expand your perspective. Its thought process feels extremely rich and dynamic.

THE BAD:
These days a model is only as good as its harness, and Codex is still a far superior harness to the Claude Desktop app. This has kept me using Codex + GPT-5.5 as my daily driver, but I am flipping back and forth a lot more between Codex and Claude.

Anthropic is back baby!

Read the rest on @every:
https://t.co/vuORiDXkxX