🔎 Today’s Daily Sift: Crypto/ Blockchain
Crypto is becoming a market for everything.
Bitcoin is near $65,000.
Ethereum is near $1,900.
Price is holding.
Conviction is becoming more selective.
Strategy sold roughly $263.5 million of its own shares last week, bought no additional Bitcoin, and raised its dollar reserve above $3.2 billion.
That matters.
For years, the formula was simple:
Raise money.
Buy Bitcoin.
Repeat.
Now cash matters again.
Not because the thesis disappeared.
Because balance sheets have obligations.
Bitcoin remains the reserve asset.
Cash has become the survival layer.
Then Hyperliquid delivered the stranger signal.
The network plans to let outside builders permissionlessly create outcome markets.
Elections.
Sports.
Economics.
Technology.
Culture.
Anything with a measurable result could become a tradeable belief.
Crypto began by tokenizing money.
Then assets.
Now it is tokenizing uncertainty itself.
Forward Hypothesis
The next crypto fron...
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