I've been seeing a lot of negativity around @Backpack lately. People are calling it a scam A team that was once one of the most hyped on Solana, now a disappointment Volume below $1M. FDV barely touched $200M then got slow rugged Anyone still bullish on Backpack?

Why $HYPE just jumped 20% in a single day & what's next? Hyperliquid has been catching one tailwind after another: - @Bitwise launched its $HYPE Spot ETF (BHYP) on the NYSE today, complete with staking rewards. One of the first US-listed Spot HYPE ETFs to ship - HashKey Exchange opened OTC trading for $HYPE for professional investors starting May 14 - @coinbase officially became the $USDC treasury deployer on Hyperliquid, and Circle is expanding stablecoin infra on the chain - @HyperliquidX spent around $640M to buy back and burn over 43M $HYPE since the start of 2026 - Holders received over $50M in revenue-share from trading fees just in early May alone $HYPE is up ~100% since launch. With revenue this strong and community engagement growing, $HYPE landing in the top 10 by market cap feels less like speculation and more like a matter of when That said, too many good news at once + euphoric sentiment at the moment = expect a meaningful pullback before the next leg up DYOR

Why $HYPE just jumped 20% in a single day & what's next? Hyperliquid has been catching one tailwind after another: - @Bitwise launched its $HYPE Spot ETF (BHYP) on the NYSE today, complete with staking rewards. One of the first US-listed Spot HYPE ETFs to ship - HashKey Exchange opened OTC trading for $HYPE for professional investors starting May 14 - @coinbase officially became the $USDC treasury deployer on Hyperliquid, and Circle is expanding stablecoin infra on the chain - @HyperliquidX spent around $640M to buy back and burn over 43M $HYPE since the start of 2026 - Holders received over $50M in revenue-share from trading fees just in early May alone $HYPE is up ~100% since launch. With revenue this strong and community engagement growing, $HYPE landing in the top 10 by market cap feels less like speculation and more like a matter of when That said, too many good news at once + euphoric sentiment at the moment = expect a meaningful pullback before the next leg up DYOR

Your Wi-Fi router has been reading the room since you plugged it in. RuView just makes it visible. Open-source project, runs on a $5 ESP32 or Docker. No cameras, no cloud, fully local. It pulls Channel State Information from your existing Wi-Fi signal which is a log of how radio waves scatter when they hit something,and turns it into spatial data. Occupancy counts, locations, posture across 17 keypoints, breathing and heart rate while sleeping, fall detection. The physics were always there. Every Wi-Fi packet captures CSI. When someone moves or breathes, the scatter pattern shifts. This project just reads what the router was already writing. Worth setting up in Docker on a weekend before someone else puts this in a building you're in.

Why "the market is bad" is the biggest lie in crypto Most people blame "the market is bad" when their bags bleed. But honestly, a lot of those cases are slow rugs in disguise A slow rug is when the team quietly sells the tokens they get paid every month. Just steady dumping that kills your bag over time. The team blames the market. You take the loss @JupiterExchange is one example of it For months, $JUP kept bleeding. Team blamed retail, blamed the market Then in February this year, Jupiter DAO stopped trusting the excuse and checked the data. 96.69% of monthly emissions were flowing to insiders. 3.31% to the community Now think about this. These insiders got their tokens for free through emissions. No buying cost. Any price they sell at is profit. Of course they were dumping So the DAO passed a proposal to stop the bleeding: - Stopped giving $JUP to the team. They get credits instead - Postponed Jupuary (the annual community airdrop) indefinitely - Bought back the $JUP that Mercurial had already sold - Kept the 50% revenue buyback running Result: $JUP up 50%. No new lows Stop emissions → price stops bleeding → price goes up The math isn't complicated. The narrative was So next time your bag bleeds for months and the team says "market is bad", don't just accept it. Pull up the data yourself: - Token unlock schedule - Who's receiving tokens every month? - Vesting allocation - What % goes to team, VCs, community? - Major holders cost basis - Did they buy in, or get paid in? Free tokens = strong sell pressure - Buyback or burn - Is anything actually absorbing the sells? If 90%+ of monthly unlocks are flowing to team and VCs, you're not an investor. You're their exit liquidity Crypto is full of slow rugs dressed up as "early stage projects". The difference between investing and getting drained comes down to whether you bother reading the token unlock or not This is my personal POV DYOR Winter Soldier out

🔥HOT - @THORChain just got exploited for $10M Hackers drained 36.75 BTC (~$3M) and another $7M in tokens across BNB, ETH, and Base $RUNE dumped 15% on the news Cross-chain bridge meta is still the undefeated champion of "losing your money in new and creative ways" North Korean hackers about to get name-dropped again

Why "the market is bad" is the biggest lie in crypto Most people blame "the market is bad" when their bags bleed. But honestly, a lot of those cases are slow rugs in disguise A slow rug is when the team quietly sells the tokens they get paid every month. Just steady dumping that kills your bag over time. The team blames the market. You take the loss @JupiterExchange is one example of it For months, $JUP kept bleeding. Team blamed retail, blamed the market Then in February this year, Jupiter DAO stopped trusting the excuse and checked the data. 96.69% of monthly emissions were flowing to insiders. 3.31% to the community Now think about this. These insiders got their tokens for free through emissions. No buying cost. Any price they sell at is profit. Of course they were dumping So the DAO passed a proposal to stop the bleeding: - Stopped giving $JUP to the team. They get credits instead - Postponed Jupuary (the annual community airdrop) indefinitely - Bought back the $JUP that Mercurial had already sold - Kept the 50% revenue buyback running Result: $JUP up 50%. No new lows Stop emissions → price stops bleeding → price goes up The math isn't complicated. The narrative was So next time your bag bleeds for months and the team says "market is bad", don't just accept it. Pull up the data yourself: - Token unlock schedule - Who's receiving tokens every month? - Vesting allocation - What % goes to team, VCs, community? - Major holders cost basis - Did they buy in, or get paid in? Free tokens = strong sell pressure - Buyback or burn - Is anything actually absorbing the sells? If 90%+ of monthly unlocks are flowing to team and VCs, you're not an investor. You're their exit liquidity Crypto is full of slow rugs dressed up as "early stage projects". The difference between investing and getting drained comes down to whether you bother reading the token unlock or not This is my personal POV DYOR Winter Soldier out

Hyperliquid should watch their back now? A friend asked me the other day: "@HyperliquidX is taking too much market share. Do you think there's another perp DEX that can actually catch up?" It made me think for a while. So I went digging, and found the answer on @solana. It's called @PhoenixTrade How so? Recently @toly, co-founder of Solana, has been mentioning perp DEXs and Phoenix quite a few times. Around the same time, Solana launched a new X account @perps. And right after @DriftProtocol collapsed, around 70% of Solana's perp DEX volume bled out to Hyperliquid & @Lighter_xyz The entire Solana stack is rebuilding the perp DEX category from scratch. And Phoenix is the one they picked Why Phoenix specifically: - Built by @ellipsis_labs, the same team behind @SolFiAMM - Raised $44M from @paradigm, @ElectricCapital, @robotventures - Fees at 0.005%, cheaper than most other perp DEXs - The original Phoenix orderbook had one of the tightest spreads Why Solana will actually pull this off this time: - No network outage since Feb 2024 - @anza_xyz shipping validator and scaling upgrades for perp DEX infra - I remember Solana came back from the FTX collapse. They got hit hard, only to thrive stronger And not only that The Phoenix airdrop also caught my attention because competition is unusually low: - Most retail gave up on it when no token came - Others moved to perp DEXs with confirmed point programs - Some quit because the new product costs more in fees Look at the Solana TGE pattern: - @JupiterExchange: 2+ years from mainnet to token - @wormhole: 2.5 years - @MeteoraAG: 3 years - @jito_sol: 1.5 years Build product → Find PMF → Then token. Same playbook And @perps literally said they'll "be back in 12 months" with an updated leaderboard. That's your timeline, almost officially Good things take time. This is a position for the next few years Worth taking a shot Winter Soldier out

Hyperliquid should watch their back now? A friend asked me the other day: "@HyperliquidX is taking too much market share. Do you think there's another perp DEX that can actually catch up?" It made me think for a while. So I went digging, and found the answer on @solana. It's called @PhoenixTrade How so? Recently @toly, co-founder of Solana, has been mentioning perp DEXs and Phoenix quite a few times. Around the same time, Solana launched a new X account @perps. And right after @DriftProtocol collapsed, around 70% of Solana's perp DEX volume bled out to Hyperliquid & @Lighter_xyz The entire Solana stack is rebuilding the perp DEX category from scratch. And Phoenix is the one they picked Why Phoenix specifically: - Built by @ellipsis_labs, the same team behind @SolFiAMM - Raised $44M from @paradigm, @ElectricCapital, @robotventures - Fees at 0.005%, cheaper than most other perp DEXs - The original Phoenix orderbook had one of the tightest spreads Why Solana will actually pull this off this time: - No network outage since Feb 2024 - @anza_xyz shipping validator and scaling upgrades for perp DEX infra - I remember Solana came back from the FTX collapse. They got hit hard, only to thrive stronger And not only that The Phoenix airdrop also caught my attention because competition is unusually low: - Most retail gave up on it when no token came - Others moved to perp DEXs with confirmed point programs - Some quit because the new product costs more in fees Look at the Solana TGE pattern: - @JupiterExchange: 2+ years from mainnet to token - @wormhole: 2.5 years - @MeteoraAG: 3 years - @jito_sol: 1.5 years Build product → Find PMF → Then token. Same playbook And @perps literally said they'll "be back in 12 months" with an updated leaderboard. That's your timeline, almost officially Good things take time. This is a position for the next few years Worth taking a shot Winter Soldier out

Aave just closed one of its darkest chapters The hacked $rsETH will get burned on @arbitrum, and rsETH markets will reopen in the next few days Took a massive punch, but surviving something like this and fixing it clean makes @aave harder to kill than before And the part that got me most was how DeFi showed up for itself. Everyone just stepped in and helped each other

Is crypto being quietly bought out by the people who used to mock it? The numbers tell the story: - $15.12B tokenized stock volume in Q1 2026 - Beat all of H2 2025 combined ($14.84B) - Total RWA tokenized assets hit $26B, up 4x in one year And it's not retail moving this. Look at who's been busy: - @BlackRock brought its $2.4B BUIDL fund onto @Uniswap. Also bought $UNI tokens - Apollo ($700B AUM) tokenized its credit fund across 6 blockchains - @jpmorgan launched $JPMD deposit token on @coinbase's @base - JPMorgan, BofA, Citigroup, Wells Fargo in talks for a joint stablecoin - Fidelity hiring a "DeFi vaults manager" - Morgan Stanley opened crypto trading on E*Trade - @Bitwise just took over Superstate's $267M tokenized fund The migration chain is critical if you don't know: TradFi tokenizes assets → real volume hits DeFi rails → infrastructure protocols capture fees → tokens with revenue start outperforming → narrative shifts from "crypto vs TradFi" to "which chain wins TradFi" Most people will miss this because of anchoring bias. The first time they heard about crypto was FTX or a rug pull. That image stuck even though the market moved on. Even crypto veterans tuned out after hearing "institutions are coming" too many times The size of the prize: - ETF market: $30,000B - Global equities: $110,000B - Bonds: $145,000B - Total tokenized assets today: $26B Larry Fink said it plainly: every stock, every bond will be tokenized. McKinsey forecasts $2,000B by 2030. Standard Chartered says $30,000B by 2034 If you love this market beyond trading memes and ignoring this, you need to look at the bigger picture again. The next cycle won't be won by who shouted the loudest. It will be won by those who positioned in the right sector before TradFi finished building it

Is crypto being quietly bought out by the people who used to mock it? The numbers tell the story: - $15.12B tokenized stock volume in Q1 2026 - Beat all of H2 2025 combined ($14.84B) - Total RWA tokenized assets hit $26B, up 4x in one year And it's not retail moving this. Look at who's been busy: - @BlackRock brought its $2.4B BUIDL fund onto @Uniswap. Also bought $UNI tokens - Apollo ($700B AUM) tokenized its credit fund across 6 blockchains - @jpmorgan launched $JPMD deposit token on @coinbase's @base - JPMorgan, BofA, Citigroup, Wells Fargo in talks for a joint stablecoin - Fidelity hiring a "DeFi vaults manager" - Morgan Stanley opened crypto trading on E*Trade - @Bitwise just took over Superstate's $267M tokenized fund The migration chain is critical if you don't know: TradFi tokenizes assets → real volume hits DeFi rails → infrastructure protocols capture fees → tokens with revenue start outperforming → narrative shifts from "crypto vs TradFi" to "which chain wins TradFi" Most people will miss this because of anchoring bias. The first time they heard about crypto was FTX or a rug pull. That image stuck even though the market moved on. Even crypto veterans tuned out after hearing "institutions are coming" too many times The size of the prize: - ETF market: $30,000B - Global equities: $110,000B - Bonds: $145,000B - Total tokenized assets today: $26B Larry Fink said it plainly: every stock, every bond will be tokenized. McKinsey forecasts $2,000B by 2030. Standard Chartered says $30,000B by 2034 If you love this market beyond trading memes and ignoring this, you need to look at the bigger picture again. The next cycle won't be won by who shouted the loudest. It will be won by those who positioned in the right sector before TradFi finished building it

LayerZero can't be saved anymore? After the ~$300M rsETH exploit, @LayerZero_Core blamed its partners instead of owning it, and they felt the consequences immediately. @KelpDAO & @SolvProtocol have already left, both migrating to @Chainlink. Not only that, the projects below are currently pausing or reviewing their partnership with LayerZero: - Beefy, Ethena, BitGo, Lombard, and more on the way. The $ZRO damage chain is critical if you don't know: Partners leave → volume drops → Stargate revenue falls → $ZRO buyback slows → $ZRO loses its only growth engine. LayerZero did contribute 5,000 ETH to DeFi United and another 5,000 ETH into Aave liquidity, but the way they handled things only made people angrier. LayerZero's revenue will decrease, and in the current market, a revenue drop is never a good sign for price. If you're holding $ZRO, you need a clear-eyed risk assessment right now.

You'll get dumped on again, just like every season before 2022: a16z, Haun, Dragonfly all raised funds in the middle of crypto winter - You can look at all the projects they backed back then to see the results today 2026: they're doing it again. Same players. Same timing. Preparing for 2027-2028 We know how this plays out. Same as before Build hype, retail buys the top, charts cut in half, then in three The fund sizes this time: - a16z crypto: $2.2B, down from $4.5B in 2022, 10-year deploy window - Haun Ventures: $1B, down from $1.5B last time - Dragonfly Capital: $650M, same as 2022 - Blockchain Capital: raising $700M - Paradigm: rumored $1.5B Smaller funds. Same playbook. The question is who's exit liquidity for who A new VC fund isn't a bull signal It's a calendar. 2-3 years out, another TGE wave drops Know your entry. Know your exit. Don't hold to zero But here's what's actually different this cycle VCs are far more selective. They want real product-market fit, real users, real revenue. The hype filter is gone. Which means the projects that survive the dump will actually be worth holding All three funds independently landed on the same sectors: - Stablecoins & Payments - RWA - DeFi infrastructure - AI × Crypto And it's not just VC narrative. Real money is already moving here: - Mastercard acquired BVNK for $1.8B - Kalshi raised $1B - Polymarket raised $600M - Rain: $250M Series C. Slash: $100M. Reap: $600M TradFi is buying the infrastructure directly with billion-dollar checks So the game hasn't changed, someone is still exit liquidity for someone But the projects getting funded in these 4 sectors are the ones still standing in 2027 If you're playing long term, pick projects with strong communities and real revenue. Understand the revenue model deeply before you put money in. Don't skip that part Trade the hype. Hold what survives

You'll get dumped on again, just like every season before 2022: a16z, Haun, Dragonfly all raised funds in the middle of crypto winter - You can look at all the projects they backed back then to see the results today 2026: they're doing it again. Same players. Same timing. Preparing for 2027-2028 We know how this plays out. Same as before Build hype, retail buys the top, charts cut in half, then in three The fund sizes this time: - a16z crypto: $2.2B, down from $4.5B in 2022, 10-year deploy window - Haun Ventures: $1B, down from $1.5B last time - Dragonfly Capital: $650M, same as 2022 - Blockchain Capital: raising $700M - Paradigm: rumored $1.5B Smaller funds. Same playbook. The question is who's exit liquidity for who A new VC fund isn't a bull signal It's a calendar. 2-3 years out, another TGE wave drops Know your entry. Know your exit. Don't hold to zero But here's what's actually different this cycle VCs are far more selective. They want real product-market fit, real users, real revenue. The hype filter is gone. Which means the projects that survive the dump will actually be worth holding All three funds independently landed on the same sectors: - Stablecoins & Payments - RWA - DeFi infrastructure - AI × Crypto And it's not just VC narrative. Real money is already moving here: - Mastercard acquired BVNK for $1.8B - Kalshi raised $1B - Polymarket raised $600M - Rain: $250M Series C. Slash: $100M. Reap: $600M TradFi is buying the infrastructure directly with billion-dollar checks So the game hasn't changed, someone is still exit liquidity for someone But the projects getting funded in these 4 sectors are the ones still standing in 2027 If you're playing long term, pick projects with strong communities and real revenue. Understand the revenue model deeply before you put money in. Don't skip that part Trade the hype. Hold what survives

LayerZero can't be saved anymore? After the ~$300M rsETH exploit, @LayerZero_Core blamed its partners instead of owning it, and they felt the consequences immediately. @KelpDAO & @SolvProtocol have already left, both migrating to @Chainlink. Not only that, the projects below are currently pausing or reviewing their partnership with LayerZero: - Beefy, Ethena, BitGo, Lombard, and more on the way. The $ZRO damage chain is critical if you don't know: Partners leave → volume drops → Stargate revenue falls → $ZRO buyback slows → $ZRO loses its only growth engine. LayerZero did contribute 5,000 ETH to DeFi United and another 5,000 ETH into Aave liquidity, but the way they handled things only made people angrier. LayerZero's revenue will decrease, and in the current market, a revenue drop is never a good sign for price. If you're holding $ZRO, you need a clear-eyed risk assessment right now.