We would frame this thematically, rather than as tips. $BTC (+0,68%) The core position remains—best understood as long-term monetary hedging rather than as a risky investment. It has proven remarkably resilient amid the Fed’s shift toward a restrictive monetary policy. $ETH (+0,41%) is the direct beneficiary of the tokenization trend and serves as a settlement infrastructure—we evaluate it based on its staking yields. One name that illustrates where the market structure is heading is $HYPE (-2,95%): Prior to the recent SpaceX listing, its SPCX perpetual contract traded over $1.30 billion in 24 hours, and its pre-IPO complex has open positions of around $291 million and a cumulative volume of $6 billion. This illustrates that on-chain venues are becoming true drivers of price discovery for assets that traditional markets either severely ration or fail to price continuously.
