$BTC is back into the long-term bearish channel.
What's going on? Should we panic now?
Here are some points to consider:
1.) The dip was expected (watch the green line), as $70k was/is a solid resistance level and remains such.
2.) The previous local high has now turned into a support level, and I'm bullish until the green support zone holds.
3.) We're getting closer to the election, and Trump's chances are going up. Furthermore, ETF's accumulation remains strong.
4.) Open interest in USD-denominated Bitcoin futures surpassed $40B, an all-time high.
Despite we're remaining bullish, there are already some local top signs:
- Fear & Greed index at 71 - Greed
- Memes making new highs - $GOAT listed on Bybit
What's going on? Should we panic now?
Here are some points to consider:
1.) The dip was expected (watch the green line), as $70k was/is a solid resistance level and remains such.
2.) The previous local high has now turned into a support level, and I'm bullish until the green support zone holds.
3.) We're getting closer to the election, and Trump's chances are going up. Furthermore, ETF's accumulation remains strong.
4.) Open interest in USD-denominated Bitcoin futures surpassed $40B, an all-time high.
Despite we're remaining bullish, there are already some local top signs:
- Fear & Greed index at 71 - Greed
- Memes making new highs - $GOAT listed on Bybit
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A1 Research
$BTC is back into the long-term bearish channel. What's going on? Should we panic now? Here are some points to consider: 1.) The dip was expected (watch the green line), as $70k was/is a solid resistance level and remains such. 2.) The previous local…
What should we look at?
1.) $SOL and ecosystem tokens - Solana is showing amazing strength. $185 is the next target. $DRIFT, $RAY, and $JUP are among the top performers.
2.) GameFi narrative seems to catch up with $MAVIA as a top gainer: $NYAN, $PIXEL, $MOCA.
3.) AI Meta continues to dominate the market, with $GOAT rallying hard. Following the listings news: $SPEC and $LAI.
Credits: https://x.com/Bojo0x
1.) $SOL and ecosystem tokens - Solana is showing amazing strength. $185 is the next target. $DRIFT, $RAY, and $JUP are among the top performers.
2.) GameFi narrative seems to catch up with $MAVIA as a top gainer: $NYAN, $PIXEL, $MOCA.
3.) AI Meta continues to dominate the market, with $GOAT rallying hard. Following the listings news: $SPEC and $LAI.
Credits: https://x.com/Bojo0x
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Bull or bear, having part of your stables to generate yield is always good.
Here below, we've gathered the most succulent farms.
Umami GM Vaults
These are delta-neutral vaults based on GMX V2, providing liquidity to traders. Umami allows you to deposit just one asset.
• APR: 16% on USDC, 14% on WBTC, and 11% on ETH.
• Earn: Same as deposit + ARB rewards.
• Learn more: https://x.com/UmamiFinance
• Ape here: link
Harmonix Delta Neutral Vault
Harmonix's vault earns you ETH yield while hedging against price drops on Hyperliquid.
• APR: 11% on rsETH + USDC.
• Earn: rsETH + USDC + LRT points.
• Learn more: https://x.com/harmonixfi
• Ape here: link
Syrup Finance
Syrup, built on Maple Finance, allows DeFi users to tap into Maple's smart contracts to provide liquidity for institutional borrowers.
• APR: 10% on USDC + 10% in drips.
• Earn: USDC + Drips (converts to SYR token).
• Learn more: https://x.com/syrupfi
• Ape here: link
Azuro
Provide liquidity to Azuro, the decentralized infrastructure for prediction markets and bookmakers.
• APR: 18% on USDT.
• Earn: USDT + potential $AZUR airdrop.
• Learn more: https://x.com/azuroprotocol
• Ape here: link
Here below, we've gathered the most succulent farms.
Umami GM Vaults
These are delta-neutral vaults based on GMX V2, providing liquidity to traders. Umami allows you to deposit just one asset.
• APR: 16% on USDC, 14% on WBTC, and 11% on ETH.
• Earn: Same as deposit + ARB rewards.
• Learn more: https://x.com/UmamiFinance
• Ape here: link
Harmonix Delta Neutral Vault
Harmonix's vault earns you ETH yield while hedging against price drops on Hyperliquid.
• APR: 11% on rsETH + USDC.
• Earn: rsETH + USDC + LRT points.
• Learn more: https://x.com/harmonixfi
• Ape here: link
Syrup Finance
Syrup, built on Maple Finance, allows DeFi users to tap into Maple's smart contracts to provide liquidity for institutional borrowers.
• APR: 10% on USDC + 10% in drips.
• Earn: USDC + Drips (converts to SYR token).
• Learn more: https://x.com/syrupfi
• Ape here: link
Azuro
Provide liquidity to Azuro, the decentralized infrastructure for prediction markets and bookmakers.
• APR: 18% on USDT.
• Earn: USDT + potential $AZUR airdrop.
• Learn more: https://x.com/azuroprotocol
• Ape here: link
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Chefs, we’ve slowly cooked an event for all the builders out there.
Join us at Devcon for a masterclass on community growth and marketing.
Register here 👉 https://lu.ma/mgwt03ha
Join us at Devcon for a masterclass on community growth and marketing.
Register here 👉 https://lu.ma/mgwt03ha
Luma
A Masterclass on Community Growth with Berachain, Monad, Sonic, and Frens. · Luma
GM Marketers and degens.
For far too long, conferences have only featured technical talks that attendees struggle to follow.
Steak had enough of this. We're…
For far too long, conferences have only featured technical talks that attendees struggle to follow.
Steak had enough of this. We're…
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Big Day Today!
The Uptober rally and the recent correction fully correlate to Trump's chances of winning.
Reference: https://polymarket.com/event/presidential-election-winner-2024?tid=1730702134536
What's gonna happen tomorrow - Coinflip
Bitcoin is now testing the support level after breaking out of a 217-day (more or less) long channel, which is pretty healthy.
However, if you track the beginning of the rally (early September) and Trump's chances on Polymarket - the worst-case scenario will be returning to the $55k level, which is pretty scary.
So keep in mind this scenario and act accordingly. You'll always have time to ape if he wins, but try to avoid being smashed if she wins.
It's better to avoid being 100% allocated during such days. Even hedging your positions might be a good move.
Credits: https://x.com/Bojo0x
The Uptober rally and the recent correction fully correlate to Trump's chances of winning.
Reference: https://polymarket.com/event/presidential-election-winner-2024?tid=1730702134536
What's gonna happen tomorrow - Coinflip
Bitcoin is now testing the support level after breaking out of a 217-day (more or less) long channel, which is pretty healthy.
However, if you track the beginning of the rally (early September) and Trump's chances on Polymarket - the worst-case scenario will be returning to the $55k level, which is pretty scary.
So keep in mind this scenario and act accordingly. You'll always have time to ape if he wins, but try to avoid being smashed if she wins.
It's better to avoid being 100% allocated during such days. Even hedging your positions might be a good move.
Credits: https://x.com/Bojo0x
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Live US Presidential Election Results:
• https://www.reuters.com/graphics/USA-ELECTION/RESULTS/zjpqnemxwvx/
• https://www.270towin.com/
• https://www.reuters.com/graphics/USA-ELECTION/RESULTS/zjpqnemxwvx/
• https://www.270towin.com/
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Steak Studio Community Call - Highlights
Hyperliquid
• A member sold 50% of its position and holds the other 50% still. Some friends of his who just deposited liquidity in the HLP got more tokens than him.
• A gay sold 30% of its position at $3, 50% at $10, and riding the rest still.
• Another chad made over $400,000 from Hyperliquid by using it since late 2023 and then just kept using the platform due to its smooth UX.
• The team made a masterclass by constantly changing the factors for earning points from trading volumes and providing liquidity to HLP to getting liquidated, etc.
$ai16z
• People are still bullish on the project and starting to see bullposting on the TL
• Their token standard is not what exchanges would like to list (mintable feature, etc.). However, Shaw said all these issues are solved and things will move soon.
AI Agents
• A chad is 4-5x up on $THALES. He's also bullish on Project89.
• The AI agents narrative has cooled off for now. However, the sector is still valued at less than $5B, and we'll see big moves in the future.
• So much competition now. The sector is saturated. We had the first wave of hype, but we're still far from crazy valuations of other VC-funded projects.
• It's like Uniswap. After that, we had other iterations and protocols introducing new tech.
$THALES
• Holders distribution and team allocation is more fair than many other agents
• The team is building and shipping updates and integrations
$GOAT
• It's kinda cooked atm. It doesn't have as much mindshare as it used to have.
• Virtuals have surpassed it, and others are catching up.
Hyperliquid
• A member sold 50% of its position and holds the other 50% still. Some friends of his who just deposited liquidity in the HLP got more tokens than him.
• A gay sold 30% of its position at $3, 50% at $10, and riding the rest still.
• Another chad made over $400,000 from Hyperliquid by using it since late 2023 and then just kept using the platform due to its smooth UX.
• The team made a masterclass by constantly changing the factors for earning points from trading volumes and providing liquidity to HLP to getting liquidated, etc.
$ai16z
• People are still bullish on the project and starting to see bullposting on the TL
• Their token standard is not what exchanges would like to list (mintable feature, etc.). However, Shaw said all these issues are solved and things will move soon.
AI Agents
• A chad is 4-5x up on $THALES. He's also bullish on Project89.
• The AI agents narrative has cooled off for now. However, the sector is still valued at less than $5B, and we'll see big moves in the future.
• So much competition now. The sector is saturated. We had the first wave of hype, but we're still far from crazy valuations of other VC-funded projects.
• It's like Uniswap. After that, we had other iterations and protocols introducing new tech.
$THALES
• Holders distribution and team allocation is more fair than many other agents
• The team is building and shipping updates and integrations
$GOAT
• It's kinda cooked atm. It doesn't have as much mindshare as it used to have.
• Virtuals have surpassed it, and others are catching up.
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A1 Research
Steak Studio Community Call - Highlights Hyperliquid • A member sold 50% of its position and holds the other 50% still. Some friends of his who just deposited liquidity in the HLP got more tokens than him. • A gay sold 30% of its position at $3, 50% at…
General Discussion
• Last cycle, when one of the members entered, he was DCAing into Litecoin and Bitcoin. Then he watched a few YouTube videos and somehow opened his Metamask wallet and bought some tokens that had been shilled in the videos. Many went to 0, and many did well.
• Now that we've passed $100k, we gotta look for projects easily available on Binance and other T1 exchanges with good charts, shilled by big KOLs, and with good tickers. $NEAR, $GRASS, and $HYPE are potential candidates.
• $NEAR - Tech-wise and budget-wise, it looks like one of the best projects to hold, according to one of the guys.
• One of the guys has built two long-term bags that he won't touch, dividing his portfolio into holding & trading. It's the same strategy another member adopted. The guy thinks there are still 2 months of bull. He's also worried about a potential dump of BTC that could tank alts, although Bitcoin is now a very big asset, so he might not tank as in previous cycles.
• One member thinks the airdrop narrative is not done. Now that not many are caring about them, it's a good time to use different apps.
• NFTs are an underrated play, as some collections have received different airdrops recently, and will keep receiving them in the coming months. CelestineSloths is one of them.
If you think you have good alpha and deserve to join the Steak Studio community, reach out in dm to @Steak_Studio.
• Last cycle, when one of the members entered, he was DCAing into Litecoin and Bitcoin. Then he watched a few YouTube videos and somehow opened his Metamask wallet and bought some tokens that had been shilled in the videos. Many went to 0, and many did well.
• Now that we've passed $100k, we gotta look for projects easily available on Binance and other T1 exchanges with good charts, shilled by big KOLs, and with good tickers. $NEAR, $GRASS, and $HYPE are potential candidates.
• $NEAR - Tech-wise and budget-wise, it looks like one of the best projects to hold, according to one of the guys.
• One of the guys has built two long-term bags that he won't touch, dividing his portfolio into holding & trading. It's the same strategy another member adopted. The guy thinks there are still 2 months of bull. He's also worried about a potential dump of BTC that could tank alts, although Bitcoin is now a very big asset, so he might not tank as in previous cycles.
• One member thinks the airdrop narrative is not done. Now that not many are caring about them, it's a good time to use different apps.
• NFTs are an underrated play, as some collections have received different airdrops recently, and will keep receiving them in the coming months. CelestineSloths is one of them.
If you think you have good alpha and deserve to join the Steak Studio community, reach out in dm to @Steak_Studio.
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Steak Studio Community Call - Highlights
Here we go again with a few insights from our community:
• $TONY -> Thick liquidity, the token is on base and looks interesting. It's a mix of MakerDAO, Virtuals, and ai16z. The goal of the agent is to be a fund manager. The team behind it is ex-Fantom OGs.
• Coinbase keeps hinting at its upcoming listings via Instagram. Binance today has posted "Touch grass". Could $GRASS listing on Binance be coming?
• Being open-source is a huge strength point of $ai16z compared to Virtuals. Everyone is contributing rather than having to hire more employees and being limited. Everyone is bullish on ai16z.
• More normy friends reaching out to some of the members, signaling we're far in the cycle.
• The combined M.cap of Metaverse dino coins is currently $28b while AI tokens are around $4.5b.
• Bullish on $FUEL, many of us will ape on it.
If you think you have good alpha and deserve to join the Steak Studio community, reach out in dm to @Steak_Studio.
Here we go again with a few insights from our community:
• $TONY -> Thick liquidity, the token is on base and looks interesting. It's a mix of MakerDAO, Virtuals, and ai16z. The goal of the agent is to be a fund manager. The team behind it is ex-Fantom OGs.
• Coinbase keeps hinting at its upcoming listings via Instagram. Binance today has posted "Touch grass". Could $GRASS listing on Binance be coming?
• Being open-source is a huge strength point of $ai16z compared to Virtuals. Everyone is contributing rather than having to hire more employees and being limited. Everyone is bullish on ai16z.
• More normy friends reaching out to some of the members, signaling we're far in the cycle.
• The combined M.cap of Metaverse dino coins is currently $28b while AI tokens are around $4.5b.
• Bullish on $FUEL, many of us will ape on it.
If you think you have good alpha and deserve to join the Steak Studio community, reach out in dm to @Steak_Studio.
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Raw Agents Alpha
> Major news
1.) Hyperbolic Labs built an open-source AI agent kit that lets agents have their own computing resources - Link
2.) Vader recently launched “VADER AI FUN”, a platform that enables users to invest in Investment DAOs that invest in agents on Virtuals - Link
3.) AIXBT won the X account of the year title from Messari - Link
4.) Story protocol introduced Agent TCP/IP, which is an experimental framework that lets agents trade IP with each other. Agents can now exchange their training data, creative style, investment strategies, and more - Link
5.) Nim network introduced the X-Box framework, a dedicated data fine-tuning framework for agents, along with the release of the 1st generation of Xenobots Agents - Link
6.) AI agents are the only narrative that outperformed Bitcoin in the past 7 days - Link
7.) Side.xyz, the first Web3 marketing agent went live with the V4 upgrade - Link
8.) We witnessed the first AI agent commerce between Virtuals & STIXprotocol. Paid $1/image to generate content for her social media - Link
9.) Eliza Labs partnered with Stanford University FDIC, focussing on open-source frameworks for trust mechanisms, scalable coordination protocols, and decentralized governance models for agents - Link
10.) Thales became the first project to integrate Story TCP/IP Protocol - Link
11.) Masafi launched its second subnet on TAO. Masa’s Subnet 59 is a competitive colosseum, where AI Agents battle for $TAO emissions - Link
12.) AgentTank experimented with their framework on ai16zdao's first agent Degenspartan, giving it computer access with live streamed computer vision, processing screen content - Link
13.) Fartcoin reached $1bn in MC - Link
> Major news
1.) Hyperbolic Labs built an open-source AI agent kit that lets agents have their own computing resources - Link
2.) Vader recently launched “VADER AI FUN”, a platform that enables users to invest in Investment DAOs that invest in agents on Virtuals - Link
3.) AIXBT won the X account of the year title from Messari - Link
4.) Story protocol introduced Agent TCP/IP, which is an experimental framework that lets agents trade IP with each other. Agents can now exchange their training data, creative style, investment strategies, and more - Link
5.) Nim network introduced the X-Box framework, a dedicated data fine-tuning framework for agents, along with the release of the 1st generation of Xenobots Agents - Link
6.) AI agents are the only narrative that outperformed Bitcoin in the past 7 days - Link
7.) Side.xyz, the first Web3 marketing agent went live with the V4 upgrade - Link
8.) We witnessed the first AI agent commerce between Virtuals & STIXprotocol. Paid $1/image to generate content for her social media - Link
9.) Eliza Labs partnered with Stanford University FDIC, focussing on open-source frameworks for trust mechanisms, scalable coordination protocols, and decentralized governance models for agents - Link
10.) Thales became the first project to integrate Story TCP/IP Protocol - Link
11.) Masafi launched its second subnet on TAO. Masa’s Subnet 59 is a competitive colosseum, where AI Agents battle for $TAO emissions - Link
12.) AgentTank experimented with their framework on ai16zdao's first agent Degenspartan, giving it computer access with live streamed computer vision, processing screen content - Link
13.) Fartcoin reached $1bn in MC - Link
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A1 Research
Raw Agents Alpha > Major news 1.) Hyperbolic Labs built an open-source AI agent kit that lets agents have their own computing resources - Link 2.) Vader recently launched “VADER AI FUN”, a platform that enables users to invest in Investment DAOs that invest…
> Upcoming
1.) Eternal AI aims to integrate AI into dApps, proposing "AI Kernel" on Base, which will open use cases such as AI-Powered Wallet, AI-Oracles, AI-DAOs - Link
2.) AI Voice Agents, a project accelerated by AI Agent Layer goes live on Ape terminal. Registrations open - Link
3.) Luna is looking forward to gaining computer vision and video analysis capabilities in its next iteration after enabling a feature where it can now scroll & comment on tweets in real time - Link
4.) Zero1Labs is bringing Cypher, which will be the first FHE fully encrypted layer for agents - Link
5.) Limbo released its roadmap, a team working on the MAESTRO framework which will improve every aspect of how 3D agents think, react, and create - Link
6.) SEKOIA is exploring whether an on-chain VC agent can outperform traditional VCs - Link
7.) ARC shared its vision for accelerating progress toward AGI through gaming - Link
> Web2 World
1.) Rapid Canvas, a US-based AI agent startup, has raised $16 million in Series A led by Peak XV partners. The Startup claims its agents can automate 75% of complex tasks traditionally performed by scientists & data engineers - Link
2.) Sam Altman speaks on the future of AI & society at a New York Times event - Link
3.) AI startup Basis raises $34 million dollar for accounting automation Agent - Link
1.) Eternal AI aims to integrate AI into dApps, proposing "AI Kernel" on Base, which will open use cases such as AI-Powered Wallet, AI-Oracles, AI-DAOs - Link
2.) AI Voice Agents, a project accelerated by AI Agent Layer goes live on Ape terminal. Registrations open - Link
3.) Luna is looking forward to gaining computer vision and video analysis capabilities in its next iteration after enabling a feature where it can now scroll & comment on tweets in real time - Link
4.) Zero1Labs is bringing Cypher, which will be the first FHE fully encrypted layer for agents - Link
5.) Limbo released its roadmap, a team working on the MAESTRO framework which will improve every aspect of how 3D agents think, react, and create - Link
6.) SEKOIA is exploring whether an on-chain VC agent can outperform traditional VCs - Link
7.) ARC shared its vision for accelerating progress toward AGI through gaming - Link
> Web2 World
1.) Rapid Canvas, a US-based AI agent startup, has raised $16 million in Series A led by Peak XV partners. The Startup claims its agents can automate 75% of complex tasks traditionally performed by scientists & data engineers - Link
2.) Sam Altman speaks on the future of AI & society at a New York Times event - Link
3.) AI startup Basis raises $34 million dollar for accounting automation Agent - Link
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Introducing the Underrated AI Agents Series:
Episode 1 - The $TONY Thesis
Presented by Steak Studio
• Ruthless Builders - A DeFi veteran team, OG Fantom builders (Byte Mason), developing full-on DeFi x AI infrastructure that connects agents to almost all major protocols across different chains - Cod3x infrastructure.
• A Powerful Potion - The infrastructure behind Tony, Cod3x, can be viewed as a mix of MakerDAO and Virtuals, but with a focus on autonomous trading and DeFi agents.
• The Trojan Horse - $TONY showcases what people will be able to launch, utilizing the open-source infrastructure built by the Cod3x team.
• DeFi Lego - The pairing of each agent isn't in Cod3x token (not released yet) or $TONY, but in cdxUSD. The reason behind this choice is that alt:alt LP structure tends to be much more volatile. Thus, it is more fragile w/ lesser liquidity to majors:alt or stables:alt. There are pros & cons to this, but the Cod3x approach enables thicker liquidity & direct value accrual back to the CDP which can be used as a foundational DeFi lego for Cod3x's future product suite.
• Highly Liquid Pair - Rather than launching with small liquidity : market cap ratio, the team has decided to provide a deep liquidity pool for $TONY, thus reducing the potential downside for investors.
• A Maturing Sector - The AI Agent sector is experiencing a full-blown wave of speculation and growth. We expect the sector to steadily mature and capital to move towards utility agents, including DeFi-related ones. We believe $TONY is one of the most mispriced projects in the market right now, as the utilities and flywheels built by the team have proven to work and will keep gaining traction.
🔗 Resources
✖️ Twitter
🌐 Website
🦅 Dexscreener
Episode 1 - The $TONY Thesis
Presented by Steak Studio
• Ruthless Builders - A DeFi veteran team, OG Fantom builders (Byte Mason), developing full-on DeFi x AI infrastructure that connects agents to almost all major protocols across different chains - Cod3x infrastructure.
• A Powerful Potion - The infrastructure behind Tony, Cod3x, can be viewed as a mix of MakerDAO and Virtuals, but with a focus on autonomous trading and DeFi agents.
• The Trojan Horse - $TONY showcases what people will be able to launch, utilizing the open-source infrastructure built by the Cod3x team.
• DeFi Lego - The pairing of each agent isn't in Cod3x token (not released yet) or $TONY, but in cdxUSD. The reason behind this choice is that alt:alt LP structure tends to be much more volatile. Thus, it is more fragile w/ lesser liquidity to majors:alt or stables:alt. There are pros & cons to this, but the Cod3x approach enables thicker liquidity & direct value accrual back to the CDP which can be used as a foundational DeFi lego for Cod3x's future product suite.
• Highly Liquid Pair - Rather than launching with small liquidity : market cap ratio, the team has decided to provide a deep liquidity pool for $TONY, thus reducing the potential downside for investors.
• A Maturing Sector - The AI Agent sector is experiencing a full-blown wave of speculation and growth. We expect the sector to steadily mature and capital to move towards utility agents, including DeFi-related ones. We believe $TONY is one of the most mispriced projects in the market right now, as the utilities and flywheels built by the team have proven to work and will keep gaining traction.
🔗 Resources
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CLOB Season Has Kicked Off!
Over the next two weeks, we'll be diving deep into the CLOB sector, set to completely reshape onchain finance, from AMMs to order books and CEX killers to emerging contenders.
🗓 Campaign Schedule - Link
Published Research Reports:
1st Article: The $7 Trillion Race to Bring Nasdaq Onchain
2nd Article: The State of the CLOB Wars
Upcoming Reports and Events:
1st Panel: The Infrastructure Race Behind Onchain Trading
3rd Article (coming today): From Hyperliquid to Bullet, Paradex, Hibachi, and Lighter - The Rise of Appchains
Follow us at @a1research to not miss the upcoming research reports. We will go through the entire industry (50+ protocols) to explain the latest innovations and highlight the most promising CLOBs in the market.
A lot of surprises coming!
Over the next two weeks, we'll be diving deep into the CLOB sector, set to completely reshape onchain finance, from AMMs to order books and CEX killers to emerging contenders.
🗓 Campaign Schedule - Link
Published Research Reports:
1st Article: The $7 Trillion Race to Bring Nasdaq Onchain
2nd Article: The State of the CLOB Wars
Upcoming Reports and Events:
1st Panel: The Infrastructure Race Behind Onchain Trading
3rd Article (coming today): From Hyperliquid to Bullet, Paradex, Hibachi, and Lighter - The Rise of Appchains
Follow us at @a1research to not miss the upcoming research reports. We will go through the entire industry (50+ protocols) to explain the latest innovations and highlight the most promising CLOBs in the market.
A lot of surprises coming!
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