If you ask @akshat_hk (who runs @MaelstromFund alongside @CryptoHayes) there should be no doubt there is more juice left to squeeze this crypto cycle 🍋: "The world is bigger than we think. There's always new buyers. They change in nature, they change in size"

Our very own @sunandr_ joins @CryptoHayes from @MaelstromFund and @MikeSilagadze from @ether_fi to discuss what's next for vaults and on-chain yield. Set those reminders to tune in 👇

NEW interviews from Maelstroms Chief Arthur Hayes Access the latest insights on the markets digital assets and Web3 IssueWire

Remember to put your hard hat on before you go to work.

Y? US Tariff bill coming due in 3q … at least the mrkt believes that after NFP print. No major econ is creating enough credit fast enough to boost nominal gdp. So $BTC tests $100k, $ETH tests $3k. Come see my @WebX_Asia Tokyo keynote Aug 25 for more info. Back to the beach.

One of my youngins spitting hot fire. Get on his level.

Seems as though the DAT phenomenon is quite divisive, wanted to share some thoughts on why we thought this was a worthwhile pursuit:

Omar is long $ETH and $ENA

Cryptopunks will outperform $ETH this cycle in $ terms bc $ETH bag holders will flex in NFTs, it’s an internet status game. The whole world economy outside of food and energy production is a giant status game, why would the internet society be any different.

Some takes on this new $ENA treasury vehicle: - Obv good for ena price. They’re going to be market buying $5m/day starting now for 6 weeks. - unlike other buybacks, when they end, the party doesn’t end because the vehicle still has to go live and can suck in capital in lots of ways. - USDE is an amazing ticker and stablecoin x is a great name. Weird for the other vehicles like the eth and hyperliquid ones to be named after gaming / bio companies. - tradfi has 0 ability to bid the stablecoin narrative and has instead sent circle to unreasonable valuations… if they catch on here it could do quite well - Ethena has plenty of stuff waiting to launch… coupled with 8% of the circ supply being erased in the coming weeks, it could do well. They still need to activate the fee switch, ethereal hasn’t launched, and funding rates are ripping. - Compared to the other tokens being strategically accumulated by these tradfi cos, ENA is low cap. Very interested to see what happens when it’s trading. If there’s a premium, how much of it can be captured, etc. Note: dcf cap seeded ethena