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Feb 18
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$3.40
$3.44
+1.2%
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LONG
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Stefan Rust
Guest, CEO of Trueflation
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Institutions are moving on-chain despite low token prices. BlackRock is using Uniswap X; Apollo is acquiring Morpho tokens. Smart money is buying the "rails" and protocols during the bear market. The utility of swapping tokenized assets (e.g., JPM Coin for Mercado Libre Coin) will occur on decentralized exchanges like Uniswap. LONG. Institutional validation provides a floor, and future tokenized asset volume will drive protocol revenue. Continued regulatory hostility towards DeFi interfaces. |
Unchained (Chopping Block)
Why $700 Billion in AI CapEx Could Be the Nex...
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Feb 17
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$3.52
$3.44
-2.3%
|
LONG
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Avi Felman
Principal at GoldenTree / Crypto Portfolio Manager
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"This is the dot com implosion moment where your pets.com goes to zero, but everything else ends up going up... things like Morpho and things like Uniswap... things like Hyperliquid that are generating real capital." The crypto market is bifurcating. Speculative assets with no revenue are entering a deep bear market. However, protocols that generate actual fees and have product-market fit (Hyperliquid, Uniswap, Aerodrome) are currently being dragged down by the broader market beta but represent the "Amazon" opportunities of this cycle. Long high-quality DeFi protocols with real revenue. A prolonged "Crypto Winter" (9-18 months) drags all assets down regardless of fundamentals. |
1000x Podcast
AI Capex Meets SaaS Apocalypse, 18-Month Bear...
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Feb 17
|
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$3.52
$3.44
-2.3%
|
LONG
|
Avi Felman
Principal at GoldenTree / Crypto Portfolio Manager
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"Hyperliquid is trading as much volume as Coinbase now... Uniswap are getting bought up by large institutions... these things are actually generating real revenues." This is the "dot-com implosion moment" where 99% of projects die (Pets.com), but the real businesses (Amazon) survive. Protocols generating actual cash flow and volume are being dragged down by the broader crypto bear market, creating a deep value opportunity. Long DeFi protocols with real revenue/volume (Uniswap, Hyperliquid, Aerodrome). Regulatory crackdowns on DeFi interfaces or a prolonged 18-month "crypto winter" that suppresses all assets regardless of quality. |
1000x Podcast
Bitcoin Is Either Going To Zero Or A Million
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Feb 16
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$3.60
$3.44
-4.4%
|
LONG
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Matt Hougan
CIO, Bitwise Asset Management
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BlackRock bought UNI tokens, listed Bidd on Uniswap, and the CFO stated they plan to tokenize *all* ETFs in 3-12 months. This is a "fat accompli." BlackRock is effectively underwriting Uniswap as the infrastructure for future financial rails. BLK benefits from the asset management fees of tokenized products, while UNI benefits from the legitimacy and volume of institutional DeFi usage. LONG. A play on the convergence of TradFi (BLK) and DeFi (UNI). Regulatory crackdown on DeFi protocols requiring KYC (though BlackRock's "Bidd" is permissioned, mitigating this). |
The Block
The optimistic case for crypto in 2026, with ...
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Feb 15
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|
$3.47
$3.44
-0.9%
|
LONG
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Kain Warwick
Founder, Synthetix / Infinex
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BlackRock has chosen Uniswap X for its $2.2B tokenized treasury fund and has explicitly acquired UNI tokens (buying the asset, not just using the software). Historically, institutions avoided "alts" (tokens other than BTC/ETH). BlackRock buying UNI creates a "token sink" and legitimizes DeFi governance tokens as investable assets for TradFi, moving beyond the "valueless governance token" meme. LONG UNI as the premier institutional DeFi rail; LONG BLK as the beneficiary of tokenized RWA fees. Regulatory crackdown on DeFi interfaces; KYC/Permissioned pools failing to gain traction. |
Unchained (Chopping Block)
No Altcoin Season? Tell That to the TradFi Pl...
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Feb 14
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$3.63
$3.44
-5.2%
|
LONG
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Tim Copeland
Co-host, Head of Growth at The Block
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Tim notes that BlackRock is explicitly buying UNI tokens, not just equity in Uniswap Labs. Separately, Craig notes Aave is proposing to direct 100% of revenue to the DAO. BlackRock's direct token purchase validates the "governance token" as an investable asset class for institutions, moving beyond just holding BTC/ETH. Simultaneously, Aave's revenue switch solves the "useless governance token" narrative, creating a clear path for cash flow to accrue to token holders. These two events signal a repricing of "DeFi Blue Chips." Long the market leaders (UNI/AAVE) as they transition from speculative assets to cash-flowing, institutionally-held assets. Regulatory pushback against revenue-sharing tokens (securities laws); BlackRock using voting power against the ethos of the protocol. |
The Block
BlackRock buying UNI and other DeFi updates, ...
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Feb 11
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|
$3.37
$3.44
+2.1%
|
WATCH
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Thread Guy
Host
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BlackRock announced buying Uniswap (the token and equity) in this timeline. The price pumped 40% and then immediately retraced. Even the most bullish news possible (BlackRock adoption) is failing to sustain price action in "legacy" DeFi tokens. This indicates extreme market exhaustion and a lack of new liquidity entering these specific assets. Watch for a trend change, but currently, the market is fading even high-quality news events. Regulatory clarity allows a fee-switch or institutional integration that drives sustained value accrual. |
Thread Guy
The Financial Market Is About To Change FOREV...
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Feb 11
|
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$3.37
$3.44
+2.1%
|
LONG
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Kain Warwick
Host
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BlackRock launched a $2.2B tokenized treasury fund tradable on Uniswap via Uniswap X and explicitly acquired UNI tokens. Historically, institutions avoided DeFi governance tokens due to compliance fears. BlackRock buying UNI signals a regime shift where "blue chip" DeFi tokens become investable institutional assets, creating a new class of "Token Sinks" where large players buy and hold rather than farm and dump. LONG. Institutional accumulation creates a price floor and legitimizes the asset class. Regulatory crackdown on DeFi interfaces or KYC friction limiting volume. |
Unchained (Chopping Block)
BlackRock on Uniswap, Chain Wars, and AI Agen...
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Feb 11
|
|
$3.37
$3.44
+2.1%
|
LONG
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Mike Belshe
CEO and Co-founder of BitGo
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"Tokenization of real world assets, this is growing like crazy... Black Rock announcing that they plan to tokenize their shares... Uniswap and DeFi being accessed directly from traditional financial players." The convergence of TradFi and DeFi is accelerating. Large institutions (BlackRock) are not just buying crypto but migrating traditional assets (shares) onto blockchains. This benefits the asset issuers (BLK) and the DeFi infrastructure (UNI) facilitating these hybrid markets. LONG. Technical failure in smart contracts or slow institutional adoption rates. |
CNBC
BitGo CEO Mike Belshe: The latest bitcoin dow...
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Feb 01
|
|
$3.84
$3.44
-10.4%
|
WATCH
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Taiki Maeda
Crypto Trader / Analyst, Host of Taiki Maeda Channel
|
- Hype (Hyperliquid): "Metrics have been going straight up... tokenized equity." - Pendle: "Hitting new all-time highs in Open Interest (OI)." - Aave: "Sub $2B market cap... buying back tokens." - Uniswap: "Introducing buybacks." The "K-Shaped Recovery" thesis. While the general market dumps, protocols with actual revenue, buybacks, and growing usage metrics (OI/Volume) are decoupling from "vaporware." These are the potential "Carvanas" (assets that fell 90% but have the fundamentals to recover). WATCH / ACCUMULATE. The speaker is shifting from 100% short to a mix of cash and spot accumulation in these specific names. General market beta; if ETH collapses further, these assets will likely be dragged down temporarily despite good fundamentals. |
Taiki Maeda
Shorting Ethereum: My Life-Changing Trade
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