Adoption Wave & Infrastructure - Speculative eras drive onchain opportunists, but this wave is expected to be the 'stickiest' due to improved infrastructure and UX [1] - The industry now possesses the necessary infrastructure and improved UX to win over more sustained adoption than before [2] - Solana successfully managed a $600 million ICO onchain, highlighting infrastructure improvements [2] - The availability of fast chains and altDA further supports this stickiness [2] Shifting Perceptions & Institutional Demand - Perception around crypto has shifted, particularly regarding institutional demand, which focuses on long-term (5+ year) results [3] - Companies focused on RWAs, stablecoins, and tokenization contribute to this stickiness, playing a different game than treasury companies [4] Opportunities & Retention - The breadth of opportunities available to users, including social apps, InfoFi, DeFi, NFTs, games, tap trading, prediction markets, stablecoin yields, and tokenized equities, increases the likelihood of user retention [4][5] - The primary goal is to increase long-term retention from speculative booms to expand the onchain user base [5] - The industry anticipates much higher retention rates over the next 12-18 months compared to previous eras [5]

More details on this thesis (which I think is more or less widely accepted):https://t.co/bzDekZCNviDan Romero (@dwr):Crypto market right now is a barbell: speculation and stablecoinsIf you're not in the speculation stack—app / UI, DEX, chain or asset launchpad—you're probably not generating much revenue. The stack is a dynamic market and startups can compete and grow very fast, e.g. ...

Market Trends - The industry observes a cyclical pattern of speculative trends: ICOs -> NFTs -> VC vapor coins -> memecoins -> ??? [1] - The industry anticipates the emergence of a new speculative "shiny new toy" [1] - Early identification of these trends is crucial for success, mirroring previous meta cycles [1] Investment Strategy - The industry dismisses the notion of treasury companies as the next speculative trend [1] - The industry emphasizes the importance of catching trends early to "win the game" [1]

Market Trends - Wall Street speculators have returned in full force [1]

Memecoin Analysis - The memecoin narrative demonstrates the power of organic emergence in the crypto space, contrasting with VC-backed projects [1] - The memecoin's rise from $5 million to $180 million market cap illustrates the impact of a self-aware narrative [2] Market Sentiment - The memecoin's success highlights the value of authenticity over traditional marketing strategies [3] - The community rally around the "useless" meme demonstrates a cultural phenomenon unique to crypto [3] Speculative Behavior - The trading of a token literally called "useless" reflects the speculative nature of memecoins [2] - The memecoin's success suggests that community and humor can be valuable assets in the market [3]

Market Trends - Speculation typically seen in alternative cryptocurrencies ("alts") or on-chain activities is now prevalent in the stock market [1] - There are increasing avenues to express a bullish view on cryptocurrency [1] - Companies like Bitcoin treasury companies, Circle, Coinbase, and Robinhood are attracting significant speculative capital [1] - The speculative flows will eventually extend to tokens more rapidly than anticipated [1] Proof of Stake (PoS) & Layer 1 (L1) Chains - Recent discussions around Proof of Stake (PoS) are largely driven by the poor price performance of major Layer 1 (L1) chains such as NEAR, DOT, TIA, and APT [2] - The future direction for these chains involves reduced inflation, less emphasis on slashing, and a clear path towards profitability, including considering inflation as an expense [2] - The shift towards less inflation and profitability is considered a positive development for these chains [2]

Welcome back. Stocks near some session highs. Every sector currently green except energy led by consumer discretionary this morning.Joining us here at Post9 is Tom Lee, Fundstrat Global Adviserss, head of research and Fundstrat Capital chief investment officer, also a CNBC contributor. Tom, it's good to have you. Welcome.Talk about confounding expectations, wouldn't you say. What do you make of this morning's action. Well, you know, in some ways it's not a surprise because as you know, like Art Cashion had ...