5 Alpha Tweets - Solana Thesis: Internet Capital Markets, Hyperliquid Valuation Framework & More
Edition 146
Welcome to the alpha please newsletter. I curate five alpha tweets every week - that’s it, that’s the newsletter.
Gm friends, feels like we are in a very strange place sentiment wise considering how momentous the news has been recently.
Whilst, BTC sits at 104k, and we are getting very positive updates from the new US administration, alt coins are not doing a whole lot, and crypto natives seem weary and anxious.
This cycle we have a lot more alt coins, and asset selection is more important than ever. That is playing its part in making people feel exhausted, as holding the wrong alts has been devastating for portfolios.
We have an extremely good set up in 2025, with rates coming down and the US government and US regulatory bodies supporting crypto for the first time ever. But not every coin will benefit from this, and you have to be very careful with what you decide to hold and for what period of time.
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Your weekly reading:
*All the screenshots will take you to Twitter if you click.
1. The Solana Thesis: Internet Capital Markets
Multicoin’s latest thesis on Solana.
2. Crypto AI predictions
Great read on what 2025 may look like for Crypto AI.
3. Ethena Thesis
“While others chase shinier narratives, Ethena is quietly building what could become the backbone of our financial future.”
4. Hyperliquid Valuation Framework
Hyperliquid.
5. Jupiter taking DeFi to the next level
Nice break down of Jupiter’s announcements and why they are significant.
Yield of the week (brought to you by Kamino)
JLP Multiply remains one of the best yielding, risk adjusted assets in crypto.
What makes this opportunity particularly appealing is JLP's lower volatility profile compared to other crypto assets (an index fund composed of SOL, ETH, WBTC, USDC, USDT), providing a more stable leveraged yield opportunity. Users also earn 3x KMNO points on their positions. While leveraged positions carry liquidation risk (at 80% LTV), JLP's historical stability and diversified composition have helped users manage this risk effectively.
Kamino has established itself as one of the leading DeFi protocols on Solana, recently reaching a new TVL ATH of $2.7B.
alpha_pls tweet of the week
Different cycle, different risks.
And that’s your alpha.
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Crypto currencies are very risky assets and you can lose all of your money. Do your own research.