Some @longdotxyz tokens to watch (the narrative is booming rn): > $AI / NVDA: Flagship pair. LongX fees flow back here. 23%+ of onchain NVDA supply was already backing $AI. > $AP / AAPL: First token minted on @longdotxyz, deployed from the same wallet that launched the LONG token contract > $BONER / HIMS: Healthcare meme on a real retail stock. one of the fast runner. > $MOO / MU: Memory / AI-capex cycle. Pairing a cow to Micron is dumb on purpose. OG pair LONG bought back. > $SPACEHOOD / SPCX: Closest to GME energy on RH. Nate actually wrote the thesis here. > $SAYLORMOON / MSTR: Bitcoin treasury copium as a stock pair. > $OPTIMUS / TSLA: Elon board. Least original lore, most obvious bid.

Next up is the London derby and I’m going with Arsenal at 1.63. Chelsea can cause problems on the break, but I just don’t trust them to stay organised for 90 minutes at the Emirates. Arsenal look sharper, control games better at home, and should dictate the tempo from the start. Taking the Gunners to get the three points here. Join on @pubscasino:

Some @longdotxyz tokens to watch (the narrative is booming rn): > $AI / NVDA: Flagship pair. LongX fees flow back here. 23%+ of onchain NVDA supply was already backing $AI. > $AP / AAPL: First token minted on @longdotxyz, deployed from the same wallet that launched the LONG token contract > $BONER / HIMS: Healthcare meme on a real retail stock. one of the fast runner. > $MOO / MU: Memory / AI-capex cycle. Pairing a cow to Micron is dumb on purpose. OG pair LONG bought back. > $SPACEHOOD / SPCX: Closest to GME energy on RH. Nate actually wrote the thesis here. > $SAYLORMOON / MSTR: Bitcoin treasury copium as a stock pair. > $OPTIMUS / TSLA: Elon board. Least original lore, most obvious bid.

Grabbed a bag of solana:DiceZJNFSUJvHHHJCXTeQ7eLTUXzQb9Fq7EB6EKZ3Ro5 | @DiceProtocolRH is the verifiable RNG layer on Robinhood Chain. RH games need randomness so gambling on RH can’t be rigged by hand. solana:DiceZJNFSUJvHHHJCXTeQ7eLTUXzQb9Fq7EB6EKZ3Ro5 = Chainlink of RH. It’s already live: commit-reveal oracle, ~1–3s reveal, 0.000025 ETH a request. Stake solana:DiceZJNFSUJvHHHJCXTeQ7eLTUXzQb9Fq7EB6EKZ3Ro5 → free daily RNG credits. Lock 1M on @PushBlocksFun → cheaper boards. I think people will realize how much potential Dice has once more apps start plugging in. Some solid apps already plugged in: @PushBlocksFun, @CashperHood, @smshlol, Stockrush, @clantechapp (soon) I shared solana:DiceZJNFSUJvHHHJCXTeQ7eLTUXzQb9Fq7EB6EKZ3Ro5 in my TG yesterday at $280K mcap. It’s already $420K, but my target is a few million. Join my TG if you’re looking for other RH plays (check the link in the comments). #NFA#

►HIP3 Deployer Economy - Where The Yield Comes From Spent a lot of time trying to understand where the yield actually comes from for a HIP-3 deployer, and I got that ppl are mixing 3 completely different things together. → staking yield on the 500k $HYPE. → actual fee income from running markets. → whatever strategic upside comes from subsidies, distribution, collateral adoption. Let’s look at the picture piece by piece. 1/ A deployer needs 500k HYPE staked = ~$40M at the current $HYPE price. It can still earn ~2.4% staking APR = ~$960k/year, or ~$80k/month, before validator commission. So the deployer is still long HYPE and still earning staking rewards. The real cost is locking up liquidity, ~7-day unstake friction, slashing/tail risk, $HYPE downside + the actual cost of operating the exchange. 2/ The incremental business created by HIP-3 mostly comes from trading fees. Very simplified, $1B taker volume can generate around $225k for the deployer at 4.5 bps. Funding isn’t extra revenue btw. But new markets can cut fees by ~90% to get liquidity going, taking deployer revenue toward ~$22.5k per $1B. Who is actually reaching scale? – @tradexyz: $87B volume over the last 30d with $3.4B OI. – @Dreamcash: $78.4M – @entropyIO: $307M / $9.6M OI – @tradeparagon: $148M / $12M OI controls ~99.5% of current HIP-3 volume, OI and fees among the tracked deployers. It’s one scaled exchange + a bunch of experiments rather than an ecosystem of equal deployers. Only economics show that HIP-3 absolutely can become a great cash-flow business once the liquidity flywheel exists. Their edge also comes from deploying when $HYPE was around $30. Meanwhile every new competitor might enter at ~2.6x the capital cost to compete with the guy who already has 99% of the flow. Even inside the returns look insanely power-lawed. One XYZ100 market was doing ~95% of the whole exchange’s volume. Does the data basically say each deployer only needs one ticker winner? Dreamcash shows what happens when you try to manufacture that with subsidies. – $23.2B cumulative volume – $850K earned from deployer share. Tether meanwhile was reportedly subsidizing trading by $200k/week = ~$10.4M annualized subsidy. So Dreamcash wasn’t really proving HIP-3 deployer yield. @felixprotocol did $3.54B lifetime volume. Once listed equivalent markets using deeper USDC liquidity, the flow basically disappeared. Being first to discover a market isn’t a moat if someone with 50x your distribution can clone the trade. Entropy is maybe the most interesting version of this. Raised ~$14Mand instead of trying to list 100 generic markets it went after weird stuff like Anthropic pre-IPO exposure. Their thesis may be that if pre-IPO markets scale to $5B–$20B–$50B monthly volume, being the place that owns the early price discovery could become a very profitable deployer business. When deployers compete to find product-market fit, the structure seems designed to make $HYPE the most obvious winner. → if more deployers win, more fees + more volume + more $HYPE demand. → if one dies, Hyperliquid already collected its share and someone else can try the market. After many deployers come and go, I think someone with 500K $HYPE can’t win without a distribution edge or a market unique enough to defend.

Robinhood Chain: two months in. 🔷Total DEX volume: $34.6B 🔷Protocol TVL: $1.27B 🔷190+ Stock Tokens live, with $3B+ in cumulative DEX volume 🔷Total transactions: 576M 🔷Total addresses: 12.3M 🔷Perps trading on Lighter: $7.29B in total volume Gratitude to every user and builder behind the numbers. Onward.

Another one for the weekend: Fulham vs Palace. Skipping the home favourite this time and taking Palace at 2.96. Fulham should be stronger at Craven Cottage and 2.23 is the fair price, but I just don’t trust them to boss this. Small stake on the Eagles to nick it.

> 2021: OHM - Defi > 2021: Axie Infinity - Gamefi > 2022: OpenSea, Blur - NFT > 2024: Maestro, Banana Gun - TG bots > 2025: Pumpfun - Solana memecoins > 2026: Hyperliquid - Perps > 2026: Fomo - Social trading Wild ride, but glad I was there for every cycle.

$RIP | @stockripx printed a god candle tday, over $3M mcap rn ~5x since i mentioned yesterday. The pack machine is still cooking: rip stocks, 95% buyback, stake $RIP and earn ETH from fees. Still holding. Want to see if rip volume can keep up with this mcap.

Ipswich vs Liverpool this weekend and i went with Liverpool at 1.51. Yeah it’s short, but I just don’t see Ipswich having enough about them to keep Slot’s side quiet for 90 minutes. Taking the favourite and keeping it simple this weekend. Join here via @pubscasino :

I bought $ZEC on the wick down during the June bug, still adding some at current prices. My thesis is this is the first time TradFi can actually touch ZEC with size through ETF and they will. > Zcash inherited Bitcoin's core monetary policy: 21M cap, PoW, halvings > bolted on the privacy layer BTC can never really retrofit But privacy isn't really competing with Bitcoin's scarcity thesis. It's asking what happens if people eventually want Bitcoin-like scarcity without broadcasting their entire financial graph forever. > 28.7% shielded supply now Going from 8% to almost 30% of supply choosing privacy is a pretty meaningful change in what the asset actually is. After a bug wiped 50% off the price in June, people didn't permanently flee the private pool once they got scared. They came back and grew it again. ZEC still got huge upside while being only around ~1% of Bitcoin's market cap. Grayscale's own scenario math has 2% / 5% / 10% landing at ~$1.6K / $4K / $8K. Makes sense to me. Privacy only needs to become large enough for staying at ~1% forever to start looking wrong. Also thinking $ZEC moving can rotate degen attention into some betas: > monero:native: mandatory-private cash that survived multiple CEX delistings and now gets a major access unlock through native THORChain swaps. > $FOLD: ciphernodes bond FOLD to run verifiable encrypted compute using FHE + ZK + MPC for private auctions, voting and shared data. > ethereum:0xa12cc123ba206d4031d1c7f6223d1c2ec249f4f3: FHE rails that let DeFi compute on encrypted balances across existing chains. $595M through the wrap boundary + 1,000 confidential transfers/sec benchmark. > $ARX: best privacy play on Sol for encrypted DeFi, payroll and AI, with 1M+ confidential computations already processed. Gonna be interesting watching how much of this market eventually decides it doesn't want the whole world watching every wallet move.

> 2021: OHM - Defi > 2021: Axie Infinity - Gamefi > 2022: OpenSea, Blur - NFT > 2024: Maestro, Banana Gun - TG bots > 2025: Pumpfun - Solana memecoins > 2026: Hyperliquid - Perps > 2026: Fomo - Social trading Wild ride, but glad I was there for every cycle.

> $50K distributed to $PONSION holders > launchpad built on top of it that burns supply (soon 1% burnt) > everything is handled by smart contract, even if I die tomorrow, it all keeps running the same (I’m not even the one distributing the fees, anyone can do it) > we keep building and improving everything around it > and you’re still fading 0x7a7ed21898ba3c211a3387f598955a2cb8ed3bad

I bought $ZEC on the wick down during the June bug, still adding some at current prices. My thesis is this is the first time TradFi can actually touch ZEC with size through ETF and they will. > Zcash inherited Bitcoin's core monetary policy: 21M cap, PoW, halvings > bolted on the privacy layer BTC can never really retrofit But privacy isn't really competing with Bitcoin's scarcity thesis. It's asking what happens if people eventually want Bitcoin-like scarcity without broadcasting their entire financial graph forever. > 28.7% shielded supply now Going from 8% to almost 30% of supply choosing privacy is a pretty meaningful change in what the asset actually is. After a bug wiped 50% off the price in June, people didn't permanently flee the private pool once they got scared. They came back and grew it again. ZEC still got huge upside while being only around ~1% of Bitcoin's market cap. Grayscale's own scenario math has 2% / 5% / 10% landing at ~$1.6K / $4K / $8K. Makes sense to me. Privacy only needs to become large enough for staying at ~1% forever to start looking wrong. Also thinking $ZEC moving can rotate degen attention into some betas: > monero:native: mandatory-private cash that survived multiple CEX delistings and now gets a major access unlock through native THORChain swaps. > $FOLD: ciphernodes bond FOLD to run verifiable encrypted compute using FHE + ZK + MPC for private auctions, voting and shared data. > ethereum:0xa12cc123ba206d4031d1c7f6223d1c2ec249f4f3: FHE rails that let DeFi compute on encrypted balances across existing chains. $595M through the wrap boundary + 1,000 confidential transfers/sec benchmark. > $ARX: best privacy play on Sol for encrypted DeFi, payroll and AI, with 1M+ confidential computations already processed. Gonna be interesting watching how much of this market eventually decides it doesn't want the whole world watching every wallet move.

Bought a bag of $PONSION | @ponsiondotcom. Meta play on the ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 run, built by a chad I already trust: @the_smart_ape Here's how it works: – Hold $PONSION → 3% trading tax gets swapped into ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 and sent to your wallet. No stake, no claim. – New Ponsion launchpad: every child token routes 70% of fees into ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 for its holders, 30% buys $PONSION and burns it. Numbers so far: > 138,486 ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 already distributed to holders > 18.07 ETH converted > 0.58 ETH still sitting in the fee pot Just launched a launchpad that burn $Ponsion (0.4% burned) ATH was $700k, now much lower. Metrics and narrative are fine, but that’s not really what I’m betting on. I’m betting on the builder. iykyk