MikeS

Starting the year, looking at where early VC money in Web3 is actually flowing. $2B+ already raised. Dragonfly also announced a new $650m fund. Here’s what’s getting funded: • Stablecoin rails (settlement, cards, embedded finance) • Institutional infra (custody, prime,

Base took Ethereum’s #1 spot in monthly stablecoin transfer volume (Jan): • Base: ~$5.86T • Ethereum: ~$2.49T (Tron/Solana both < $0.7T) Context matters: Volume ≠ users, but it is flow. Catalyst mix is pretty clear: Coinbase distribution (Base App / smart wallets) + native

PYUSD deposits on Aave jumped ~40x in Q4 ’25, from $10M to ~$400M. Context: PayPal launched on-chain incentives (via Merkl) to close a very specific gap: PayPal pays ~4% in-app, but on-chain holders don’t get that yield. → Incentives effectively “ported” the in-app yield to

Haven’t actively traded for a while, but the market is starting to present some good opportunities. BTC wicked to 60k while the dip was aggressively bought on Friday, with $300m+ in net inflows from BTC ETFs. SOL also looks oversold - it broke the HTF trend line and is now moving

Closed, 84.5k hit.

Opened shorts after BTC lost $87.5K. Already seen a big move down but I think we test 84k at least.

$SENT listed on Upbit today. I TP’d my main position, so the trade has fully played out. Still excited about the long-term, especially their partnerships with universities and financial institutions to advance AI use cases.

Solid move up from the $HYPE lows. In hindsight, ~$20 aligned with the 10/10 lows. I entered around $30 after the downtrend broke. Despite heavy competition from other dexes, HL remains #1 in perp volume and fees, with the majority of fees used for buybacks. HIP-3 OI and daily

Last week, Ondo brought 200+ tokenized U.S. stocks + ETFs to Solana, quadrupling the number of tokenized stocks on the network. This makes Ondo Global Markets the largest RWA issuer on Solana by asset count. But the larger plays are: • Solana: from “crypto rails” → markets

CB spot trading just announced for $ELSA. PA still looks constructive and attempting to break up, even as BTC and alts are weak. Historically, CB + Binance Alpha at launch with sustained volume and PA has sometimes preceded further T1 listings.

BTC structure leaning bearish after the 98k rejection, loss of 94.5k, and a series of lower lows. Mostly flat now and watching whether 90k holds.

Bought some $ELSA - CB backed AI agent project with modest fdv. Just listed on Bybit and Binance alpha. Coinbase confirmed and not live yet.

Ran a $100k → $1M challenge last July. Trying to repeat in Jan. After a rough Q4, the main lesson was knowing when to risk on vs risk off. December saw persistent US sell pressure and a deeply negative CB premium (ETF rebalancing / tax selling). I expected that to reverse in

Took a BTC long after last night's flush to 92k - expected once we lost 94.5k. OI reset, funding now flat/negative, and no strong follow-through selling. Happy to lean long again while this base holds.

Binance Wallet listed $SENT for a prime sale on the 19th. TGE follows soon. It is a good reminder that: • Shipped the stack: GRID + Sentient Chat + SERA / ODS + OML (not a litepaper) • Benchmark receipts: Models competing and beating Gemini, OpenAI, Perplexity • Real

In a recent post, I mentioned how privacy coins outperformed BTC \& ETH and held up during the 2025 drawdowns. Also, shared a few trades earlier last week, and Privacy coins (Led by Monero, Zcash) are now at $74B+ Mcap, $7B+ Vol, and the sector is up 335% YTD. • Analysts expect

$DN consolidating in a range and still looking constructive. \~$400M 24h spot volume across exchanges, and staking just went live - which will help reduce effective circulating supply.

$XMR broke out on the ATH reclaim. Closed my position into the move near $600. Would look to re-enter on a pullback toward $530--540.

$XMR looks interesting here. Privacy narrative picking up, HTF weekly trend is strong with a multi-year base and price holding above the 200D EMA. Recent $ZEC FUD likely drives rotation into XMR. Reclaiming 2021 highs would likely result in a substantial move up.