Jordan Nel explains why founder taste matters when evaluating a GP.
“Sometimes if somebody says, ‘This is the best founder I’ve met this year,’ that’s a ton of signal and you just back up the truck. But knowing when it’s signal and when it’s not is hard.”
Ceteris explains why blockchains need better assets.
“Your job as an ecosystem is to get the best assets, then build products around them... It doesn’t matter what applications you build if there aren’t good assets to use.”
José explains why crypto projects need a clearer link between tokens and equity.
"I think what we found is the vast majority of valuable crypto projects need an equity company... We need to figure out a structure for where the token can have some kind of programmatic or
Something is building in BTC's end-of-month expiry.
July 31 expiry shows $7.7B of call open interest against $2.8B of puts.
$1.79B sits at the 70k strike and $1.38B at 72k. Those two strikes hold 41% of the expiry's call OI.
$665M of the 70k calls and $680M of the 72k traded
Something is building in BTC's end-of-month expiry.
July 31 expiry shows $7.7B of call open interest against $2.8B of puts.
$1.79B sits at the 70k strike and $1.38B at 72k. Those two strikes hold 41% of the expiry's call OI.
$665M of the 70k calls and $680M of the 72k traded
Jordan Nel explains why spotting non consensus companies is only half the job.
“You have to be able to bridge the non consensus to consensus gap... That ability to make somebody legible to capital is quite an art form.”
José explains why open-source AI could favor inference providers.
“It’s definitely bad for OpenAI and Anthropic, but it’s really good for the neoclouds and inference providers... More people get access to cheap intelligence, more stuff gets done.”
One of the hardest edges to build in AI is the data behind it.
Revenue at the top labs is climbing steeply, but the cost of running the models continues to fall.
As those costs fall, the real bottleneck becomes verification. The value moves to the data and training environments
A new episode of Hivemind is out now!
This week we discuss the outlook for crypto and equities, token and equity value accrual, and the next AI infrastructure trade.
Timestamps:
00:00 Intro & Market Outlook
09:17 Synapse, Options & Hyperliquid
20:10 Grass, Revenue & Token
Stablecoins made it easier to move money, but harder to keep those payments private.
They work well for simple transfers, but using them for payroll or regular spending can expose information most people don't want public.
@Arcium keeps balances and transaction details private
