Bitcoin is flashing signs of capitulation just as the rest of the market gets more interesting. VanEck has 8 of 12 $BTC capitulation signals flashing, but the cleaner volatility this week may be elsewhere as AI stocks sell off, oil moves higher, and $XAU gives some back as yields climb. And V2 comes just in time for a market where the trade can move from crypto to oil, gold, or equities in a matter of days. Tomorrow at 12:30pm ET, the traders talk crew maps where the opportunities are moving next.

V2 is live, and the biggest upgrade is how much more traders can actually do now. This is the start of a much larger trading surface on Avantis, @raymdong shares more about all that's being unlocked on V2 🔥

The market got the kind of CPI print risk assets usually like, and crypto still isn't giviving traders a clean breakout. $BTC is stuck in the range, majors are rotating unevenly, $XAU is back in focus, and the macro tape is still being pulled between softer inflation, rate expectations, and headline risk. We talk through it all tomorrow on Traders Talk, plus what the move to Avantis V2 changes for traders from here! Live tomorrow at 12:30pm ET with @trader_koala, @raymdong and the crew 🐆

DeFi is built for AI in a way that legacy networks never were In fact, smart contracts themselves use automation to perform a wide vatiery of actions Now that agents have been thrown into the mix, the innovation around agentic asset management is going to explode And unlike traditional asset management, this opportunity is available to anyone with an internet connection and a DeFi wallet One of the few projects whose entire business model revolves around agentic asset management is @Zyfai_ Here are 3 reasons I'm bullish: #1#: Zyfai is at the Forefront of Agentic Management While agents have been a hot topic in crypto over the past couple years, they're still finding their place in terms of actual utility As a result, countless projects have come and go, and few have been able to survive, let alone find product-market fit Zyfai is different According to @DefiLlama, TVL of AI Agents projects has fallen from $107M to $28M over the past year -- a decline of 84% But Zyfai is one of the few that's seen growth -- their TVL is up ~250% YoY, and currently sits above $9M To put that into perspective, their market share in the AI Agent sector has grown from 2.5% to over 32% in just a year, and they're now the #2# project by TVL Since inception, the platform has: - Deployed almost 16,000 agents - Generated $3.1B in volume across over 275K transactions - Kept its users safe, directing funds away from compromised assets like $USR before any damage was done #2#: Zyfai Generates Stable Yield Crypto’s investor base has become understandably averse to native token yields – their dilutive and inflationary nature actually incentivizes selling for stablecoins over holding While many lending pools offer rates at or below the short-term US Treasuries, Zyfai's agents optimize yields across dozens of pools, consistently delivering a notable premium above the risk-free rate More importantly, base yields are paid in USDC, with a small bonus yield paid in $rZFI No hyperinflationary tokenomics, with an average combined yield of ~8.5% -- over double the 2-year Treasury #3#: You Can Choose Your Risk Level When you deposit funds into Zyfai, you tell your agent your risk tolerance by choosing between conservative, aggressive, or yield maxxing strategies Yield maxxing can produce double-digit yields (including the ~2% rZFI bonus), but even the conservative strategies tend to yield 7-8% APY Based on your selection, Zyfai's agents actively manage deposits across dozens of vaults on @Morpho, @aave, @0xfluid, @eulerfinance, @sparkfinance, @superformxyz, and @compoundfinance And no matter the strategy, Zyfai agents are on the lookout for risky activity around the clock, ensuring that deposits maximize risk-adjusted returns IMO, the future is bright for Zyfai (and $ZFI's market cap is currently sitting at ~$1M market cap, which I believe is insanely cheap -- I own the token because I actually believe in the product, so I'm shilling my own bag here, NFA) That's my bull case on @Zyfai_! I'd love to hear yours (or any counterarguments) in the comments below

3 Reasons I'm Bullish On @Morpho While Morpho is commonly seen as a top onchain lending project, it's actually a lot more than that It's actually reshaping how DeFi is used, providing an easy onramp into DeFi, and giving professional asset managers the ability to efficiently manage funds onchain Once I dug into the numbers, I was actually surprised to see how much of an influence they've had on the expansion of DeFi, and the future has never looked brighter Here are the 3 reasons I'm bullish: #1#: Morpho Is Critical Infrastructure For DeFi Asset Management When you look at the numbers, it's clear that Morpho has had a major impact on the onchain risk curation boom over the past couple years Before Morpho Blue launched in early 2024, risk curator AUM was virtually non-existent And now, it's approaching $9B Thanks to the flexibility of Morpho Blue, it's been the top choice for risk managers to perform their operations In addition to the growth comparison in the infographic below, here are some more numbers that stand out to me: - Over 63% of curator funds were on Morpho as of mid-April 2026 - Curators have earned $18M in fees from Morpho This trend has naturally led to Morpho being a top destination for RWA management - $1.4B of Morpho's $12B deposits are tokenized assets - RWA share of Morpho deposits has increased from 6.4% to 11.3% in 2026 (almost an 80% increase) #2#: Morpho Brings DeFi To Everyone Morpho’s flexibility has also created the opportunity for major investing platforms to integrate their lending infrastructure More integrations = more visibility -- and now, professional curators are managing deposits from apps such as: Kraken – (DeFi Earn, managed by Sentora) Coinbase – (Coinbase Lending, managed by Steakhouse) Robinhood – (Robinhood Earn, also managed by Steakhouse) These platforms have a combined active user base of over 25 million people, and now they can all seamlessly use Morpho to earn yield And considering Morpho is also working with financial giants like Societe Generale and Apollo, this trend is only going to get stronger from here #3#: $MORPHO's Future Potential So far, Morpho’s business model has revolved around onboarding users such as asset managers and borrowers As a result, all fees are passed through all fees to lenders, curators, and liquidators Meanwhile, the MORPHO token’s role has been twofold: - Governance participation - Incentive to boost yields (although this has been slowed recently) However, Morpho has potential to accrue revenue to the token down the road The barrieres to doing so are low, as there’s no for-profit company in charge of Morpho That means there’s no traditional debt/equity structure, so the token will be first in line to benefit from future profitability/cash flow Despite the current lack of token value accrual, there's still clear demand for it If there wasn't Morpho wouldn't have been able to raise $175M at a $2B valuation in the depths of a bear market -- these funds were raised via the token, not equity, which I believe is a very important factor Not to mention Apollo Global's commitment to purchase $110M worth of $MORPHO over a multi-year period To add some context, Morpho's share of the total fees generated by the DeFi lending sector has grown rapidly over the past year - Mid-2025: 5-7% of total lending fees - Current: consistently above 15% - July: as high as 31% - July also set a platform record, with $26M generated during the month I expect this trend to continue, and I believe it's safe to expect that Morpho will implement a marginal fee to be directed to tokenholders in the future In the meantime, they're rapidly growing their userbase, which only raises the future value that such a fee would accrue That's my bull case on @Morpho (and I didn't even include Midnight, which opens up even more opportunities)! I'd love to hear yours, or any counterarguments, in the comments below

Solana took over as DeFi's top network for spot trading in 2024 Since then, it's facilitated over $2.8T in swaps -- roughly 32% of all decentralized spot trading Within that market, one platform stands out: @JupiterExchange Whether coincidental or not, the launch of Jupiter's $JUP token in January 2024 marked the start of Solana's spot dominance And since then, Jupiter hasn't looked back Here are 3 reasons I'm bullish: #1#: Solana's Dominant DEX The numbers don't lie -- Jupiter is the driving force behind Solana's surge in trading activity Since 2024, Jupiter accounts for: - 44% of all Solana spot volume - 86% of all Solana DEX aggregator volume - 53% of all Solana perps volume In fact, Jupiter has routed and facilitated roughly 1/7 of all DeFi spot volume since 2024! #2#: Strong Financials Jupiter's dominance in spot and perps trading has also made it one of Solana's top-earning apps Since 2024, Jupiter's $350M in revenue ranks 5th among all Solana-based apps But what's even more important is the value that flows through to tokenholders Since Feb 2025, over $100M of Jupiter's revenue has been used for $JUP buybacks, which ranks its holders' revenue as: - #2# on Solana - #6# in DeFi #3#: $JUP Fundamentals Going forward, the aforementioned holders' revenue will continue to make a positive impact on $JUP, as 50% of all protocol revenue is designated for repurchases Over the past year, buybacks have taken over 3.1% of $JUP's max supply (~6% of circulating supply) out of circulation And under the current program, if Jupiter repeats its 2025 revenue total, we could easily see double-digit percent of the circulating supply bought back in a single year That's my bull case on @JupiterExchange! I'd love to hear yours (or any counterarguments) in the comments below

As someone who's had a genuine interest in options since 2013, I've been looking forward to the day they finally see success in DeFi After years of experimentation by dozens of projects, that day is finally here The biggest winner so far: @DeriveXYZ Here are 3 reasons I'm bullish: #1#: Rapid Growth In a nutshell, 2026 has been a breakout year for Derive The platform has benefitting from increased attention on crypto options -- particularly in markets for $HYPE -- which has increased from < 10% of notional volume share in Q1 to ~33% in recent months Overall, the growth in activity on the platform has been incredible Both premium and notional growth are on pace to ~3x from their 2025 totals: - Premium volume growth: $124.2M -> $454.5M (projected) - Notional volume growth: $5.4B -> $15.1B (projected) #2#: Financial Strength The surge in volume on Derive has led to a related surge in fees and revenue for the platform and $DRV holders By July 2026, Derive's revenue for the year had already surpassed last year's total And now, it's on pace to reach ~$4.6M for the year, which would be an increase of 113% over 2025 This growth in revenue directly benefits $DRV tokenholders as well as users: - 35% of revenue is allocated to $DRV buybacks - 65% of revenue provides economic security via Derive's security module #3#: Resiliance I mentioned earlier that there's been a lot of experimentation in the DeFi options space over the years, but Derive's consistent determination during this period can't be overstarted I remember posting about them back in 2023 (when the project was known as Lyra), and since then they've made unmatched progress, capturing: - Over 80% of onchain option notional volume - Roughly 95% of all revenue in the onchain option sector And considering that Deribit saw $1.3T in notional volume in 2025, there's still a lot of room to grow! That's my bull case on @DeriveXYZ! I'd love to hear yours (or any counterarguments) in the comments below