1000x

Avi Felman × Bryan Pellegrino

LayerZero now carries roughly $150 billion of assets and $10–15 billion monthly, positioning its messaging layer as institutional financial infrastructure.Zero and Atlas add finance-specific execution, with DTCC, ICE, Citadel, four or five major exchanges, and more than 20 front ends involved.ZRO’s proposed fee-and-buyback loop depends on launch and regulation, while faster transfers can shift rollback risk to solvers or counterparties.

Avi Felman × Jonah Van Bourg

Bitcoin’s failure to clear $80K has Jonah turning short-term bearish, with a “quite high” probability of falling below $70K.Stocks migrating onchain through Lighter and Hyperliquid could leave Nasdaq behind, while $LAPTOP’s fall from $1.5B to about $630M highlights political-token extraction risk.

Avi Felman × Se

Crypto is rallying on debasement, social trading, and RWA theses, while FOMO’s on-chain HOOD trade suggests attention can precede revenue recognition.FOMO’s 5–10% daily growth and $4 million creator payouts support an organic network thesis, but 94.4% of users lost money and scale remains unproven; monitor Bitcoin’s six-month-to-one-year catalyst and whether meme markets get solved.

Avi Felman × Jonah Van Bourg

MemeFi is rotating between stories rather than attracting a broad 2020–November 2021-style wave, while Robinhood Chain’s weekly volume rose from $500M to $1.5B.Jonah says value may accrue to FOMO, exchanges, Vlad Tenev, or underlying protocols rather than ordinary traders, leaving sub-1% sizing, multi-cycle durability, frontier-model productivity, and Iran’s Hormuz leverage as risks to monitor.

Avi Felman × Evgeny Gokhberg

Evgeny Gokhberg argues his fund earns 11%–12% consistently by supplying the capital that DeFi platforms such as Uniswap lack, effectively performing banks’ lending and market-making roles on chain.Its edge is a probabilistic AAA-to-CCC risk framework and survival discipline, while tokenized stocks and tranching create new opportunity but AI-driven false positives, legacy OPSEC vulnerabilities, and forced selling remain risks to monitor.

Avi Felman × Jonah Van Bourg × Santiago Santos

Santiago Santos is winding down Inversion’s crypto thesis after finding Remitly and Wise “not making money” with no pricing power, while stablecoins remain a real dollar-rail use case.The pivot favors mandated, recurring cash flow such as critical-power servicing, where fragmented markets, emergency pricing and AI-enabled efficiency may support returns, while Inversion’s holdco structure protects judgment and capital discipline.

Avi Felman × Vlad Novakovski × Jonah Van Bourg

Lighter built finance-specific ZK circuits that it says require 1% of general-purpose compute, targeting lower cost, latency, and verification as decentralized venues challenge centralized exchanges.Its last equity round was committed as the final one, with all value accruing to the token, while on-chain options are planned for Q3 of 26 and regulatory treatment remains conditional on the Clarity Act and SEC innovation.

Avi Felman × Jonah Van Bourg × Jordi Alexander

Retail has largely exited crypto altcoins as unlock-driven selling pushes flows toward equities, sports betting, and prediction markets, while Selini trades SpaceX across crypto venues and hedges in tradfi.Predictable passive rebalancing and crypto-native funding markets create opportunity, but October 10 showed how leverage and non-dollar collateral can turn rare volatility into permanent losses.

Avi Felman × Jonah Van Bourg

Oil’s fall from above $100 to the 80s, with energy accounting for 35-40% of recent CPI growth, gives Warsh room to avoid a disastrous pivot; Jonah’s closing call is that rate cuts are not dead.Markets barely sold off through full-blown war and a closed Strait of Hormuz, reinforcing the flows-over-fundamentals regime, while SpaceX’s 4% float makes its August/September unlocks a key risk window.

Avi Felman × Jonah Van Bourg × Kaledora Kiernan-Linn

Kaledora Kiernan-Linn argues that post-COVID volatility is pushing consumers toward second-order event trades and cross-asset exposure, making perps the instrument for “the perpification of everything.”Ostium is positioning as a broker layer that puts existing global markets on chain rather than rebuilding exchange infrastructure, while its traders’ early stagflation positioning highlights both signal quality and sharp P&L risk.