Andy says the privacy trade is in its “second era,” and he wants to see what smaller market cap tokens can do next. He points to @Arcium, the smallest of the privacy tokens they’ve been watching, which just launched its Blackthorn product. “It’s the smallest of the tokens here.” “They just launched their Blackthorn product.” “I’d be looking at Arcium on the second leg of the privacy cycle.” “I have a small bag, I’d like to get more.” @andyyy solana:ARXwZkNAtzPfdcoqQiduJn8EPv9fKiDfGn2KyggyDrFs

CT assumes money leaving AI stocks flows straight into crypto. @robbieklages says it’s not that simple. “If you have money rotating out of AI stocks, where is that money going to rotate into?” “It’s naive to say it’s all going to rotate into crypto.” “I think it’s going to rotate into crypto. But what part of crypto?” “It’s important to unbundle the segments.”

“Yesterday was peak uncertainty” Every investor knows the market cycle chart. Euphoria at the top is where risk is highest. Despair at the bottom is where opportunity is highest. The hard part is acting on it when the moment comes. @robbieklages says the trick is separating uncertainty from fear. “It allows us to be a little bit more accepting of and recognizing when the opportunity exists.” His read is that yesterday was peak uncertainty.

If the midterms go the way the prediction markets expect, what happens to crypto policy? @robbieklages points out that "Dem sweep looks the most likely," with Democrats at "a 73% chance of controlling the Senate." His hope is that more crypto-friendly people make it into office so bills like Clarity keep moving.

For six months, oil was the chart everyone checked first. Every move mattered, and every headline about it moved markets. Then, almost overnight, nobody cared. @andyyy asked @jimiuorio whether the midterms are driving this market or whether it’s the AI rotation. Jim’s answer was clear. “I think the AI rotation and the AI wobble is by far the bigger deal.” What fascinated him was how fast attention shifted. As soon as worries about AI and lending markets showed up, oil dropped off everyone’s radar. “If all of a sudden the house is starting to burn in the AI lending markets, this is a far bigger issue.”

Will Peck sees wallets becoming home for everything, starting with tokenized money market funds that pay the Treasury rate around the clock. "You're just going to see continued growth in wallets, and then the things you can put in wallets." @wbpeck @WisdomTreeFunds https://t.co/JlyoaHWWlh

WisdomTree CIO Jeremy Schwartz says he isn’t worried about the Fed launching a major rate-hiking cycle under Kevin Warsh. “We’re not really worried about the Fed.” “We don’t think they’re gonna do some massive hiking cycle.” “Powell lost the connection with the money supply.” “We graded Powell as like a D or F.” “We’re giving Warsh higher marks.” @JeremyDSchwartz @WisdomTreeFunds @WisdomTreeOnchn

EXCLUSIVE: Sachin Jaitly On Why Tokenizing Even A Sliver Of The $500 Trillion Asset Pie Is A Paradigm-Shifting Value Creation Event Morgan Creek's General Partner on the firm's ABCD thesis, why the $2-3 trillion onchain today is only the start, and how agent-to-agent commerce on digital asset micropayments could reshape the economy over the next decade. @sjaitly @DigitalCurrents 00:00 Intro 01:04 Value Lives At The ABCD Intersections 03:16 500 Trillion In Assets Left To Tokenize 05:46 Customers Don't Care About The Technology 07:48 Stablecoin Supply Held Flat This Cycle 09:48 Agents Paying Agents For Code Review 11:49 Banks Stopped Building Everything In House 14:00 Agents Need Payments And Identity Protocol Live from The Bridge by @TheTieIO

EXCLUSIVE: James Seyffart On Why Tokenization Is Still Only In The Second Inning Bloomberg Intelligence's James Seyffart on the aggressive ramp in tokenized stocks, why TradFi and DeFi rails will eventually merge, and why Bitcoin can reach $10 trillion by 2030. @JSeyff @BBGIntelligence 00:00 Intro 03:08 Tokenization Is Only Just Getting Started 06:51 Bloomberg Skeptics Now Quote Hyperliquid 12:42 Institutions Are Intrigued By Zcash 17:04 Bitcoin Is Heading To $10 Trillion Live from Link:NYC by @chainlink

CT expects institutions to go all in. Marcos Veremis of [Firm] says endowments and family offices will cap crypto at 1 to 5% of their portfolios. “Our LPs are endowments, families, and so on.” “Their options are to go out and speak to 600 managers.” “For a one to 5% allocation of their portfolio, because crypto is not going to be more than that.” @marcmynome @AccoladePrtnrs