Curated Crypto

The token playbook from 2021–2022 is breaking. In 2025, 90%+ of token launches are trading below their TGE price. At the same time, capital hasn’t left crypto. It’s just flowing through different rails ↓ What’s changing • Crypto IPOs raised $14.6B in 2025 — ~48× more than 2024 • Public crypto companies are valued higher than tokens with similar revenue • Crypto M&A hit a 5-year high ($42.5B) across exchanges, trading, and payments The takeaway: Capital isn’t disappearing. It’s shifting...

Tokenized funds are growing fast in crypto. Still small in TradFi terms ↓ Largest categories: • Yield-bearing stable assets (USDS, Ethena, Maple) • Tokenized money market funds (Circle, BlackRock/Securitize) • Treasury-backed products (Ondo, Spiko, WisdomTree) Top ranges: • Leaders: ~&#036;2B–&#036;6B supply • Mid-tier: ~&#036;800M–&#036;1.5B • Long tail: <&#036;100M What this shows: • Strong demand for yield + dollar exposure • Institutions entering via familiar instruments (MMFs, Treasuries) •...

The U.S. may finally open the door to perps. CFTC Chair Selig signaled a path for perps to be listed in the U.S. ↓ Perps dominate crypto trading: • Higher volume than spot • Core price discovery layer • Built mostly offshore due to regulatory uncertainty Why offshore? Perps didn’t clearly fit U.S. categories: • Futures → simpler rules • Swaps → heavy post-2008 regulation Perps sat in between. No one wanted to risk misclassification. What’s changing? • CFTC signaling perps can be treated as futur...

AI agents work well until they disagree. When that happens, a few failure modes appear: • Workflows stall • Agents loop indefinitely • Agents override each other Today, the fallback is still human intervention. Some systems are experimenting with guardrails ↓ • Human approval gates A human confirms actions before execution. • Manager agents A coordination layer assigns roles and resolves conflicts. • Standardized rails Shared execution and payment standards (e.g., x402) reduce ambiguity between ...

Why many traders use prop firms instead of their own capital ↓ Upside • One-time fee for access to larger capital • Downside typically capped at the fee • Trade larger size without risking personal savings • Structured rules enforce risk management • Real execution experience under pressure • Potential payouts to build trading capital Trade-offs • Strict rules and drawdown limits • One mistake can end the account • Repeated challenges can become expensive • Some traders treat it like cheap gambl...

Bitcoin is starting to strengthen vs gold again. A few signals worth watching ↓ • BTC ETF flows improved over the past month • Gold ETFs saw notable outflows • Capital appears to be rotating back toward Bitcoin It’s still early. But flow dynamics are one of the cleaner sentiment indicators. If this trend continues, it suggests positioning is shifting back to BTC. Too soon to call a definitive bottom. But direction is starting to change. Author: Green But Red 📱 X (Twitter) | 📱 Telegram

U.S. regulators may make it costly for banks to hold Bitcoin. The Fed is proposing Basel III rules this week ↓ Key details: • BTC classified as a Group 2b asset • Assigned a 1,250% risk weight Implication: • &#036;100M in BTC → treated as &#036;1.25B in risk-weighted assets • Requires ~100% capital backing For more context: • Treasuries → 0% • Corporate loans → 20–100% • BTC → 1,250% Industry view: • Bitcoin is liquid and transparent • The classification doesn’t reflect actual risk characteristi...

Stablecoin supply growth is one of the cleanest ways to track where capital is moving on-chain. Top stablecoins by 1-month supply growth ↓ • sEUR (Synthetix) — +4376% • MUST (Mustang Finance) — +3604% • PINTO (Pinto) — +781% • USDN (Neutrino) — +317% • MSUSD (Main St Finance) — +208% • USDL (LiftDollar) — +172% • PUSD (PalmUSD) — +161% • tGBP (tokenGBP) — +134% • USP (Piku DAO) — +132% Stablecoin expansion usually signals new liquidity entering specific ecosystems. It’s often an early indicator ...

Markets feel quiet. But building hasn’t slowed ↓ Projects still shipping: • MegaETH — high-performance L2 • LayerZero — interoperability infra + new chain • Backpack — exchange + self-custody wallet • Arcium — confidential onchain computation • Tempo — payments-focused L1 • Aztec — privacy ETH L2 • 42space — event trading infrastructure • Trade.xyz — onchain trading platform • Konnex — AI-powered DePIN • KAST — global stablecoin payments infra Bear markets usually look slow on the surface. Under...

Did sentiment shift? Short term – yes. For e.g., March 9 snapshot: • BTC ~ &#036;65.9K • Fear & Greed at 8 (extreme fear) • Persistent ETF outflows (BTC + ETH) Macro backdrop: • Regulatory delays • Geopolitical tension • No rate cut signals And 10 days later: • BTC ETFs: ~&#036;1.26B inflows (9 consecutive days) • ETH ETFs: flipped to inflows (5 days) • BlackRock launched ETHB • Strategy added ~&#036;1.57B in BTC Flows improved while sentiment was still weak. Institutions added exposure into fea...