hyperliquid hip-3 markets control 95% of tokenized stock perp volume at $350m daily. tradexyz deployed tsla nvda googl markets for 500k hype stake and collected $12m+ fees on $4.9b cumulative volume. permissionless market deployment for any asset just became a business model. deployers eat first ...

Company Overview - Metaplanet secured $38 billion for Bitcoin accumulation [1] - Metaplanet trades 70% off highs at 601 JPY [1] - Capital Group owns 1145% of Metaplanet [1] - Norway's sovereign fund backed Metaplanet last week [1] Bitcoin Strategy - Metaplanet is buying 4612 BTC monthly [1] - Metaplanet targets 100000 BTC by 2026 [1] - Saylor gave Metaplanet a 12-month head start in Japan [1] Market Positioning - Metaplanet is the only domestic Bitcoin treasury play in Japan [1] - Metaplanet is positioning with $10 trillion institutional AUM [1]

privacy pools got sec chair level defense december 16. first privacy protocol regulators endorsed since tornado cash died august 2022. 0xbow building it with $3.5m raised, no token yet. vitalik integrated it into kohaku. institutions locked out of privacy for 28 months finally get compliant rails ...

pudgy penguins unlocks $284m worth of pengu tokens today. 41% of float starts linear distribution. token down 62% from peak at $0.0097 despite target toy sales and 1m game downloads generating real revenue. $1m whale deployed at $0.01 support yesterday. toys in stores nationwide but token holders get zero revenue share. betting against value accrual when you have actual cashflow is next level tokenomics ...

world app logged 2 billion mini app opens with 5m daily actives. morpho got 900k users instantly by deploying there. wld at $0.52 down 67% from september because $1m daily unlocks exceed demand. $250m whale inflows betting the distribution moat matters more than dilution schedule ...

Regulatory & Compliance - Ondo cleared 2 years of SEC investigation with zero charges [1] - Ondo secured FMA approval for 30 European countries [1] - Ondo possesses a regulatory moat [1] Financial Performance & Valuation - Treasury TVL (Total Value Locked) reaches $770 million [1] - Annual fees generated amount to $7.7 million [1] - Token price is $0.41, down 62% from its peak [1] - Token governance over $770 million in assets trades at 167x revenue [1] Market Positioning & Competition - BlackRock chose Securitize's equity model over tokens [1] - The market is currently chasing "shitters" (low-quality assets), presenting an asymmetric opportunity [1]

kalshi beats polymarket volume 3 months straight at $5.8b november, has cftc approval polymarket doesn't, tokenized everything on solana with phantom's 20m users. trades $11b vs polymarket targeting $15b despite better metrics and zero regulatory risk. paradigm funded both then published research cutting polymarket's numbers in half. that's my quant ...

rain cards processing $2.9b annually getting acquired by enlv for $212m. that's 0.07x revenue. square trades at 2.5x revenue doing the same thing. rain grew 1,770% this year processing stablecoin payments through visa. public markets pricing crypto payment rails at 3% of tradfi multiples on 20x the growth rate. the arb is sitting right there. ...

bitmine owns 3.2% of all ethereum. down $792m on the position and still buying 400k eth weekly. msci decides january 15 if they stay in indices. exclusion triggers $11.6b forced selling across treasury stocks. tom lee targeting 5% of total supply. someone accumulating 3.2% of an asset during 38% drawdowns usually knows something you don't. ...

jpmorgan issued $50m commercial paper on solana because corporate treasurers cant wait 12 seconds for ethereum blocks when managing working capital. $1.2 trillion market needs same-day settlement. solana gives them instant finality at $0.00025 vs 2-3 days through traditional rails. corporate treasury operations dictate chain selection. ...