Delphi Digital (@Delphi_Digital) on X (original) (raw)
A research-driven firm dedicated to making crypto happen sooner and better than it would without us.
- Pinned
Jason explains how he manages trades he doesn’t have deep conviction in. “As long as it’s trending up and there’s momentum there, you kind of just stay long. And as soon as you start to see signs of that cracking, maybe get out of the way.”
Ashwath explains the real lesson to take away from Hyperliquid. "It’s not that you should do 99% buybacks with your revenue. It’s that being honest, transparent and authentic with your holders and your community pays massive dividends in the long term."
Everyone's watching the SpaceX IPO. The bigger story is the multi-trillion-dollar economy it's unlocking. The price of leaving Earth is about to undergo its most aggressive compression in history. Launch costs barely moved for sixty years, then SpaceX arrived and drove them- Delphi Digital reposted
Yan explains why Coinbase could become a major distribution channel for Ethena. “You have this massive pool of capital that’s sitting there at fairly low cost... and so you have this huge distribution channel to basically fuel Ethena.” - Delphi Digital reposted
AI models get the most attention, but the real moat could be the harness. Earlier this year, a Meta and Harvard team beat Anthropic at SWE-bench Pro with a cheaper model. Their custom harness wrapped around Sonnet 4.5 scored 52.7%, while Anthropic's own scaffold running the more
Yan explains why Coinbase could become a major distribution channel for Ethena. “You have this massive pool of capital that’s sitting there at fairly low cost... and so you have this huge distribution channel to basically fuel Ethena.”
The defining losses of this cycle trace back to token structures. Token unlocks erased a median 7% against BTC across 400+ tracked events, and holders had no claim on the revenue their protocols earned. The revenue side changed once protocols started routing fees back to the