The Hivemind

This week on Hivemind, the team breaks down the growing altcoin rally, why risk appetite is returning on-chain, and whether the current market can keep running without Bitcoin making a major move higher.They discuss the continued strength in HYPE, Zcash, Lighter and other winners, why this is becoming an alt-picker’s market, and how tokenized stocks are creating an entirely new speculative playground across Robinhood Chain and Solana.The conversation also covers FOMO and the rise of crypto-native social trading, the dangers of chasing increasingly speculative on-chain trades, whether ETH can benefit from the tokenization wave, and why taking profits may be the most important skill for surviving multiple crypto cycles.TIMESTAMPS00:00:00 Intro00:00:30 Bitcoin Flat, Alts Ripping00:06:00 Is New Money Entering Crypto?00:10:10 The Alt-Picker’s Market00:13:20 Tokenized Stocks & the New On-Chain Meta00:21:00 Can the On-Chain Mania Last?00:43:15 ETH, HYPE & the Tokenization Trade00:51:20 Taking Profits & Managing the Bull Market01:07:30 What Could Kill the Rally?01:16:30 VVV, OpenAI & Private Inference🧠 Follow the Alpha▸ Ceteris: ⁠https://x.com/ceterispar1bus⁠▸ Jason: ⁠https://x.com/3xliquidated⁠▸ Yan: https://x.com/YanLiberman▸ Kevin: ⁠https://x.com/Kevin_Kelly_II▸ Jose: ⁠https://x.com/ZeMariaMacedoWatch on Youtube:https://www.youtube.com/@Delphi_Digital🔗 Connect with Delphi🌐 Portal: https://delphidigital.io/🐦 Twitter: https://x.com/delphi_digital💼 LinkedIn: https://www.linkedin.com/company/delphi-digital/DisclaimerThis podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

This week on The Hivemind, the team breaks down why the latest rally may have real legs, how sidelined positioning and exhausted sellers helped fuel the move, and why the return of the debasement trade could mark a meaningful change in market regime.They discuss where to take risk if the bull market continues, whether consensus trades like HYPE and Zcash can keep outperforming, overlooked opportunities in Grass and Arrow, and why trying to get too clever with rotations can leave you behind.The conversation also covers Hyperliquid’s potential alt season, Zcash and Cypherpunk, whether NFTs could actually make a comeback, Robinhood Chain, and why the macro setup for Bitcoin may be the strongest it’s been in years.TIMESTAMPS00:00:00 Intro00:00:35 Is the Crypto Bull Market Back?00:08:55 HYPE & the Next Alt Season00:15:35 What Wins This Cycle?00:21:05 Consensus Trades vs. Hidden Alpha00:29:20 Zcash & the Next Rotation00:52:20 NFTs & Robinhood Chain01:04:35 Positioning for the Next Leg01:12:30 The Debasement Trade Is Back🧠 Follow the Alpha▸ Ceteris: ⁠https://x.com/ceterispar1bus⁠▸ Jason: ⁠https://x.com/3xliquidated⁠▸ Yan: https://x.com/YanLiberman▸ Kevin: ⁠https://x.com/Kevin_Kelly_IIWatch herehttps://www.youtube.com/@Delphi_Digital🔗 Connect with Delphi🌐 Portal: https://delphidigital.io/🐦 Twitter: https://x.com/delphi_digital💼 LinkedIn: https://www.linkedin.com/company/delphi-digital/DisclaimerThis podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

This week on the Hivemind, the team debates whether the market is on the cusp of a new on-chain boom or whether the lack of a major wealth-creation event in Bitcoin, ETH, or SOL will keep the upside limited.They break down the green shoots showing up across FWA, FOMO, MetaDAO and other pockets of the market, why small and mid caps may offer better opportunities than the majors, and whether exhausted sellers could be setting the stage for the next move higher.The conversation also covers Hyperliquid and tokenized stocks, the competition between crypto and AI for speculative capital, whether buy-and-hold still works, and why the next sustained rally may require a very different catalyst than previous cycles.TIMESTAMPS00:00:00 Intro00:00:50 Is On-Chain Finally Coming Back?00:09:05 Who Buys Bitcoin Next?00:21:55 Where Does Crypto Value Accrue?00:28:45 Majors vs. Small Caps00:35:30 Crypto vs. AI00:47:05 RWAs, HYPE & Tokenized Stocks00:55:55 The FWA Experiment🧠 Follow the Alpha▸ Ceteris: ⁠https://x.com/ceterispar1bus⁠▸ Jason: ⁠https://x.com/3xliquidated⁠▸ Yan: https://x.com/YanLiberman▸ Kevin: ⁠https://x.com/Kevin_Kelly_IIWatch herehttps://www.youtube.com/@Delphi_Digital🔗 Connect with Delphi🌐 Portal: https://delphidigital.io/🐦 Twitter: https://x.com/delphi_digital💼 LinkedIn: https://www.linkedin.com/company/delphi-digital/DisclaimerThis podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

This week on Hivemind, the team breaks down the sharp selloff across high-beta AI and memory stocks, whether the broader AI thesis is still intact, and what a sustained pullback could mean for Bitcoin and the rest of crypto.They also discuss where value may accrue across the AI stack, why infrastructure and NeoClouds may still have room to run, Hyperliquid and tokenized equities, the latest Zcash privacy upgrade, the Fed’s next move, and the growing risks around debt-financed AI infrastructure.TIMESTAMPS00:00:00 Intro & The AI Selloff00:15:35 Can Crypto Benefit?00:21:28 AI Infrastructure vs. Apps00:25:30 Hyperliquid & Tokenized Stocks00:41:52 Zcash & Ironwood00:46:55 The Fed & AI Debt01:00:00 FWA & Crypto Gambling🧠 Follow the Alpha▸ Ceteris: ⁠https://x.com/ceterispar1bus⁠▸ Jason: ⁠https://x.com/3xliquidated⁠▸ Jose: https://x.com/ZeMariaMacedo▸ Kevin: ⁠https://x.com/Kevin_Kelly_II📺 Watch here:https://www.youtube.com/@Delphi_Digital🔗 Connect with Delphi🌐 Portal: https://delphidigital.io/🐦 Twitter: https://x.com/delphi_digital💼 LinkedIn: https://www.linkedin.com/company/delphi-digital/DisclaimerThis podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

Is the AI trade getting crowded?This week on Hivemind, Delphi Ventures Partner Tommy Shaughnessy joins the show to debate one of the biggest questions in technology and markets today: can OpenAI and Anthropic justify their valuations, or is open-source AI about to take market share?The team discusses enterprise AI spending, the economics of frontier models, the rise of open-source alternatives, SpaceX's IPO, the AI bubble debate, Hyperliquid's continued growth, and the latest developments surrounding Zcash and the private Bitcoin thesis.TIMESTAMPS00:00:00 Introduction & Market Outlook00:05:00 OpenAI, Anthropic & Enterprise AI Spending00:08:53 Open Source vs Frontier Models00:24:41 Are We In An AI Bubble?00:35:17 SpaceX IPO & Equity Issuance00:38:13 AI Regulation & Political Risk00:53:36 Hyperliquid & HYPE01:04:14 Zcash & The Private Bitcoin Thesis01:13:16 Final ThoughtsLink to our Youtube: https://www.youtube.com/@Delphi_DigitalFollow Ceteris: ⁠https://x.com/ceterispar1bus⁠ Follow Jason: ⁠https://x.com/3xliquidated⁠ Follow Tommy: https://x.com/Shaughnessy119Follow Jose: https://x.com/ZeMariaMacedoFollow Kevin: https://x.com/Kevin_Kelly_II

Markets are green, AI is reshaping software in real time, and crypto is once again debating what token ownership actually means.This week on The Hivemind, the team breaks down the market melt-up, Zcash’s explosive move, the rise of AI agent infrastructure, Cursor’s rumored $60B acquisition, and the growing tension between equity and token holders after the Houdini controversy. They also dive into Pump’s buyback changes, Strategy’s latest BTC playbook, and why AI-native workflows could completely disrupt traditional SaaS.Timestamps:00:00 – Markets rip higher as geopolitical fears fade02:20 – Strategy, STRC dynamics & Michael Saylor’s BTC comments09:50 – Zcash breakout, privacy narratives & alt rotation15:40 – Venice AI (VVV) and the AI x crypto trade23:00 – Cursor’s rumored $60B acquisition & AI business models30:30 – AI agents replacing traditional software workflows40:30 – Why SaaS companies may be vulnerable in an agent-first world41:30 – The Houdini controversy & crypto token holder rights52:00 – Pump’s buyback changes, burns & token economics debate1:03:00 – What’s next for Pump, meme coin markets & crypto productsLink to our Youtube: https://www.youtube.com/@Delphi_DigitalFollow Ceteris: ⁠https://x.com/ceterispar1bus⁠ Follow Jason: ⁠https://x.com/3xliquidated⁠ Follow Yan: https://x.com/YanLibermanFollow Jose: https://x.com/ZeMariaMacedoFollow Kevin: https://x.com/Kevin_Kelly_II