We're finally seeing a good $ETH pump, and I'm hitting a 2x since my last buy. 🫡 Feels like we might be getting the classic $BTC pump, then large caps, then alt season? Market Updates & Alpha ↓ + Alts that are still in accumulation 🧵 -------------------- Honestly I wasn't sure we'd have the classic rotation this late in the cycle. $BTC -> Large Caps -> Small Caps But it seems like we already got the $BTC pump, now the large caps, then hopefully the Alt Season will follow. $BTC has shown so much strength, with its dominance that didn't seem to slow down. Since the start of the year, $BTC has outperformed nearly all top 20 tokens, except for $HYPE. Now, BTC dominance is finally starting to drop. But we still need to go lower to get a proper Alt Season. Last time we broke the dominance trend, end of 2024, we got a pretty good Alt Season. The Alt Season Index is heading back into the Alt Season zone, and $ETH is reclaiming its rightful price above $3500. And as you’ve read here many times, people are expecting $ETH to lead the Alt Season, with profits trickling down into smaller caps after. -------------------- But you have to keep in mind we're also in a "take profit" zone. People usually are cautious in the beginning of a bull run, and get greedy toward the end. You should be doing the opposite, risk on at first, and reducing risk by taking profits on the way up. Do I think we're going higher? Yes, I think the top is not there yet. I'm still cautious here, but we might be entering a real phase of euphoria. ✦ Why is that? • We just hit an ATH with the total Crypto Market Cap reaching $4T. Money attracts money, sentiment is good. • $ETH above $3500, while many swore we'd never see $ETH even above $2000. $ETH pumping is something many weren't expecting, and among the things that can launch an Alt Season. • $BTC seems to be ranging between $117k to $121k. Which is a good thing for an Alt Season, but doesn't mean we can't breakout and push for another ATH later. Both scenario would result in some kind of euphoria. • An OG $BTC Wallet that's been dormant for years just awoke. With around $9.4B worth of $BTC to sell. Selling has started already, yet $BTC PA remains good, and no FUD has been spread around that. That's what happens in a euphoric market. • Trump is going to open the $9 trillion US retirement market (401k plans) to crypto investments, which obviously is a good long-term catalyst for inflows in $BTC. • Assets typically loved by the mainstream, like $XRP or $DOGE, are seeing huge pumps, which can definitely attract interest and give a signal of "Crypto is back". • An upcoming $SOL ETF is also another good catalyst. • Global Liquidity is rising, as well as crypto adoption. That's just a few reasons why the Market might turn even more euphoric. We could be hitting a small top of euphoria right now after a +120% on $ETH in just 3 months, yet we'll definitely see more euphoria for 2025. -------------------- So if we actually get a rotation into small caps, and a proper alt season, what hasn't pumped yet? AI. Honestly we've seen decent pumps for AI tokens, but nothing like we used to have back in late 2024. ✦ Why could it be among the biggest pumps of 2025? First of all, cause it's AI, it's everywhere now. Secondly, fundamentals are getting way better, and Crypto x AI is actually seeing use cases. Third, NVIDIA is still the largest company by Mcap, with a recent ATH. The latest quarterly earnings were very good, the next ones are end of August. It's bullish for AI in general. AI as a whole is just on an uptrend. -------------------- ✦ So which AI tokens am I bullish on in Crypto? That's almost the easiest part, as betting on AI as a whole is already a strong thesis. So we have some big caps I'm bullish on, if I should go with just one AI large cap, that'd be $TAO. I'd also consider #VIRTUAL for the AI Agent part of the narrative, but the PA hasn't been so good lately so i'd wait for signs of a reversal. And we have some small caps, that are the ones I'm the most interested in. $XMW $SERV $AVM $EMP $CODEC That's my picks. And most of them are in crazy good accumulation zones. I already talked about these here, if you want to start building your thesis: 🔗 I'm currently writing more detailed analyses & updates on these projects. Let me know if you're interested! 🫡 I'm mostly focused on AI, but I'm also keeping an eye on RWA and all kind of "real-world" projects, like $NKP. So I recommend you study $NKP. I'll be talking more about it soon. 👀 Also tell me if I'm missing any gem! Want more Alpha on the Market & on AI? Gang to Follow: @CryptoJonesRC @0xAndrewMoh @splinter0n @MetaverseRanger @Crypt0_Andrew @degenApe22 @DEXLaboratory4 @bobtherebuilt @dontbuytops @kenodnb @eli5_defi @Defi_Warhol @Deebs_DeFi @Defi0xJeff @arndxt_xo @0xTindorr @0xelonmoney @TheDeFinvestor @CryptoGirlNova @S4mmyEth NFA & DYOR as always 🫡

Ok so @LinguardLabs just released its trailer. We have a project here bridging the gap between TradFi & DeFi, especially in B2B Payments. Which is a real-world use case for crypto! This is a very new project but from what I heard it could be something. Here is my take ↓ 🧵 ------------- Basically Linguard Labs is building a regulation-first blockchain infrastructure for global B2B payments. With AI-driven compliance, and especially real-world payment rails, which is very important. → It embeds Blockchain into Traditional Finance. But the best part is, that's all without needing users to even know it’s blockchain. Blockchain is invisible for users, but highly useful. Global B2B payments are a $150T+ market. But also a market that is slow, fragmented, expensive, and trapped in legacy rails. Enterprises, banks, and governments are all looking for: • Real-time settlement • Cross-border fluidity • End-to-end compliance But most blockchain infra is too public, too rigid, or too crypto-native. Which of course doesn't work for most TradFi. That's why Linguard is needed. Blockchain & Crypto adoption, from real money, for real-world use. The biggest crypto adoption curve might come not from retail wallets, but from invisible infra that powers finance 2.0. At least that's how I see it. It could be a way for mass adoption. ------------- One thing that piqued my curiosity and made me interested is the team & advisors. • CEO, Drew Weinstein: 20-year Fintech leader (Apple Pay IP, Visa, McKinsey, Convera) • CTO, John Davies: Blockchain technologist with extensive experience in DLT • ⁠Carlos Hernandez: former EVP of Corporate Investment Bank, JPM Chase (exec sponsor of Onyx blockchain & JPM coin) • John Partridge: former President and COO of Visa Inc (payments industry legend, scaled VisaNetto $10T/year) They're all very big in TradFi, having them work on a crypto project is huge. So it could be something for sure, yet it's still very new. I'm waiting to see some docs or a whitepaper! We're very early so I'll keep following @LinguardLabs and see how it evolves, if there are interesting updates I'll let you know. NFA & DYOR as always 🫡

$XMW in Dubai will be huge, so I've heard. 👀 I got this Alpha but I need you to help me figure it out! The rumors are coming to life, the whisperers are getting stronger and the vision is seeing the light. What could it be? Even bigger than we expected? 👀

The list of protocols with the lowest P/F (fully diluted) ratio on @tokenterminal Read as: POTENTIALLY UNDERVALUED How to read a Low P/F Ratio ↓ • Undervalued (potentially): A low P/F ratio suggests the protocol is generating a lot of fees relative to its market cap. This can signal that the protocol is undervalued compared to its real economic activity. • Efficient revenue capture: It shows the protocol is monetizing usage well — people are actually using it and paying for it. • Possible hidden gem for investors looking for fundamental value in DeFi or infrastructure protocols. If a DEX has: FDV = $100M Annualized fees = $50M Then: P/F = 2, which is quite low, meaning you're paying $2 in FDV per $1 of protocol revenue. Compare that to another DEX with: FDV = $1B Fees = $25M P/F = 40 → potentially overvalued relative to the actual usage.

As you may have noticed, I haven't really been a Yapper. I didn't find many projects I really wanted to yap about. And I don't like to talk about boring stuff multiple times a day. Yet, there is one project I'd yap about, an interesting DeFAI Project, INFINIT ↓ 🧵 ------------------- We have until August 7th to yap about @Infinit_Labs for its Kaito Yapper Leaderboard. ✦ But why INFINIT? We're talking DeFAI here. You know how much I like DeFi, and how much I like AI. Well, combining both seems like a good idea to me! INFINIT is an AI-powered DeFi Intelligence Platform. Basically you can execute DeFi with Agents. ▪ How does it actually work? So you have the Prompt-to-strategy Interface (soon to be released), by INFINIT, where you can describe a multi-step DeFi Strategy in plain text. What will happen is that your vision will be translated by AI Agents into a single, pre-verified, executable transaction. And of course it's safe. • No LLM/hallucinated strategies • Fully simulated and verified It's the pure definition of DeFi + AI. → Think, Prompt, Publish. ------------ And there is a lot to yap about! Have a look at the website, the docs, what other people are posting about. As always with Kaito Yapping, you know what to do: Yap quality posts about INFINIT. → Climb the leaderboard to claim your share of rewards Also you can interact with INFINIT Yappers too, a good way to interact with the project and climb the leaderboard. Here is a good list of INFINIT Yappers: @kenodnb @Flowslikeosmo @splinter0n @2lambro @eli5_defi @tascha_panpan @Defi_Warhol @stacy_muur @MoonKing___ @0xDefiLeo @YashasEdu @the_smart_ape @Defi0xJeff @Rightsideonly Remember to keep things organic, and share good info about @Infinit_Labs 🫡

For years, apps like @uniswap @aave @compoundfinance built isolated liquidity kingdoms. @anoma doesn't replace them. It connects them. One app, tap into ALL existing liquidity. It's time we end the fragmentation for good.

🧵 Why $GRAY could be a mid 9 figure to 10 figure marketcap project in the making DeFi traders lose BILLIONS to price impact yearly @useGradient built the solution, and the revenue math is absolutely insane Let me break down the numbers that have whales accumulating... 👇

Study $SERV. +50% in a few days but we're still under $40M Mcap. We should be going back to $100M easily 🫡

Your intent is Anoma’s command 🪄 The Anoma @KaitoAI leaderboard is now live.

Everyone talks about "posting to earn." Kaito made that a reality -- $90M distributed so far. But most creators still have no clue how to actually capitalize. Here's how to farm smarter, not louder 🧵⬇️