founder @therollupco
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Mr. Wonderful on The Rollup.
Short, sweet, and a damn good time with Kevin. I'm so ungodly bullish on crypto at this spot & setup.
THE KEVIN O’LEARY INTERVIEW.
@kevinolearytv @robbieklages @andyyy
Timestamps:
00:00 Intro
00:41 Kevin Wears $11M Ohtani Card
02:27 Tokenization Becomes The 12th S&P Sector
03:09 Kevin Was Wrong About ETH
05:30 One Exchange Will Win
07:18 Kevin Buys Uranium In His Portfolio
09:26 The Winners Will Go Parabolic
11:23 America Cannot Afford To Slow Down On AI
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TOKENS WITH BUYBACKS, ACCORDING TO @DefiLlama:
HYPE, LIT, AERO, PUMP, DRV, KNTQ, SYRUP, ENA, ETHFI, RAY, JTO, RAY, AAVE, LDO, STONK, ASTER, SKY, NEAR, DBR, PONS, PENDLE, CC, CARDS, AAVE, MET, RLB, JTO, META, KMNO
Welcome to the next stage of the revenue meta, lads.
WHY: None of these onchain business tokens are securities. We did not know this until now.
This clarity makes this massively bullish.
We heard about a “DeFi carveout” for cash-flowing assets in the past, but this the nail in the coffin for onchain finance bears.
The floodgates are about to open in a massive way.
Trillions are coming onchain.
Be more bullish.
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Absolutely a great show with Haseeb, lots of laughs and funny moments as well as really solid intel from him per usual.
Covered perps tokens, tokenization exemptions and SEC rulings, prediction market scrutiny, the privacy trade, and what he's allocating capital to in today's market.
Loved it and yes, I am euphoric. I'm aware.
@hosseeb @DragonflyVC
The Biggest Digital Assets Bull Market Has Started (Here's How I’m Positioned) with @DragonflyVC's @hosseeb
Timestamps:
00:00 Intro
02:21 Perps Are Still Only 1% Of Derivatives Mkt
04:17 Hyperliquid Is Trying To Be The Nasdaq
06:13 RWA Volume Already 50% Of Hyperliquid
08:27 Hyperliquid Cracked The UX Code First
10:33 Variational RFQ Model Vs Order Book
12:44 Polymarket Vs Kalshi Supreme Court Battle
16:00 Prediction Markets Advertising Blitz Explained
18:14 Kalshi Suing States To Get To Supreme Court
20:43 NEAR Account Abstraction For Every Chain
22:57 Zcash Is The Rebel Response To Bitcoin ETFs
24:59 Prediction Market Growth Curve Not Over Yet
27:23 Wash Trading On Kalshi CFTC Investigation
28:13 Haseeb Personal Investor In Zcash Wallet
29:19 Make Money Then Hide In Privacy
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WHY: None of these onchain business tokens are securities. We did not know this until now.
This clarity makes this massively bullish.
We heard about a “DeFi carveout” for cash-flowing assets in the past, but this the nail in the coffin for onchain finance bears.
The floodgates are about to open in a massive way.
Trillions are coming onchain.
Be more bullish.
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MY TAKE: This is so beyond bullish for any token with real revenue and buybacks.
We are going to see an aggressive re-rating of high quality assets with token economics that are favorable in the new rulemaking conditions.
Zoom out.
$HYPE $LIT $PUMP and more.
MORE: The SEC uses the classic Howey test to determine when crypto assets and token sales constitute securities under federal law, focusing on economic reality rather than terminology.
Assets fall under securities regulation if investors reasonably expect profits driven by the managerial efforts of founders or central entities.
Issuers offering crypto asset securities must provide tailored disclosures beyond traditional models. This new guidance mandates clear reporting on token mechanics, network governance, cybersecurity vulnerabilities, concentration of token ownership, valuation methods, and promoter involvement.
Absolutely massive for transparency and legitimization of this industry.
This new guidance also distinguishes basic network validation from pooled staking services, liquid staking tokens, or yield-bearing stablecoins, which carry a heightened risk of being classified as investment contracts.
Additionally, traditional assets tokenized on a blockchain remain fully subject to standard securities registration and compliance rules.
A security onchain is still a security, big surprise there…
I digress.
This is absolutely massive for clarification of the rules, and the SEC is coming in big time post-CLARITY failure.
Absolutely love to see it.
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Lock out rally to continue.
Views are unchanged.
If I'm right and we'll head into the next stage of the bull market soon-ish
We'll have one big price event where most things reprice all at once
That'll be the sign for most sidelined people that we are indeed in a bull market
Which is as usual late but that's just how it goes
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Andy retweeted
Wow. Wow wow wow.
Brb, need to own more of everything.
*SEC STAFF ISSUES FAQS ON CRYPTO ASSET SECURITIES LAWS APPLICATION
*SEC STAFF: TOKEN BUYBACKS ON FUNCTIONAL PROTOCOLS DO NOT CONSTITUTE MANAGERIAL EFFORTS
*SEC STAFF: LIQUID STAKING TOKENS ARE DIGITAL COMMODITIES OR TOOLS, NOT SECURITIES
*SEC STAFF: MAINTENANCE, ENHANCEMENTS, SYSTEM GRANTS NOT CONSIDERED ESSENTIAL MANAGERIAL EFFORTS
*SEC STAFF: PROMOTING CRYPTO UTILITY WITHOUT PROFIT CLAIMS GENERALLY NOT AN INVESTMENT CONTRACT
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I am giga bullish Ethena.
In conversation with Ethena founder @gdog97_ he made it clear that ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 is a far different asset than what it was in 2024.
If you haven't caught up yet, this short clip did it for me.
Long & strong.
Ena repricing is beautiful to see
They are more primed than ever to win if we get a proper bull cycle
Can capture funding rates on stocks and crypto now
And all of defi is pre setup to max loop into usde
Through the bear market they made it so much easier as well by removing basically all the fees on mint / redeem
Note: dcf cap seeded @ethena
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Andy retweeted
The SEC just added some important clarity around crypto assets and investment contracts.
One point that really stands out:
Once a crypto system is functional, ongoing maintenance, security, upgrades and efforts to grow the network generally aren’t considered “essential managerial efforts.”
That distinction matters because it gets closer to separating:
• the asset itself
• the investment contract surrounding its sale
• the ongoing operation of the underlying network
The SEC also clarified that promoting a system’s current utility and capabilities generally isn’t enough, by itself, to create an investment contract.
This is the kind of regulatory clarity the industry needs if we’re going to build markets that actually work onchain.
The details matter, but the direction is interesting.
NEW: SEC staff clarifies when live tokens, buybacks, and staking receipts are not securities.
Absolutely huge for onchain finance.
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NEW: SEC staff clarifies when live tokens, buybacks, and staking receipts are not securities.
Absolutely huge for onchain finance.
Rumor mill is saying the SEC is gearing up to revamp KYC requirements so users only need to KYC once to access tokenized securities onchain.
Our sources are saying this would enable composability across different onchain venues & tokenization platforms to let users clear more volume by splitting orders across venues using a zk based identity system.
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TLDR here:
MORE: The SEC uses the classic Howey test to determine when crypto assets and token sales constitute securities under federal law, focusing on economic reality rather than terminology.
Assets fall under securities regulation if investors reasonably expect profits driven by the managerial efforts of founders or central entities.
Issuers offering crypto asset securities must provide tailored disclosures beyond traditional models. This new guidance mandates clear reporting on token mechanics, network governance, cybersecurity vulnerabilities, concentration of token ownership, valuation methods, and promoter involvement.
Absolutely massive for transparency and legitimization of this industry.
This new guidance also distinguishes basic network validation from pooled staking services, liquid staking tokens, or yield-bearing stablecoins, which carry a heightened risk of being classified as investment contracts.
Additionally, traditional assets tokenized on a blockchain remain fully subject to standard securities registration and compliance rules.
A security onchain is still a security, big surprise there…
I digress.
This is absolutely massive for clarification of the rules, and the SEC is coming in big time post-CLARITY failure.
Absolutely love to see it.
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MORE: The SEC uses the classic Howey test to determine when crypto assets and token sales constitute securities under federal law, focusing on economic reality rather than terminology.
Assets fall under securities regulation if investors reasonably expect profits driven by the managerial efforts of founders or central entities.
Issuers offering crypto asset securities must provide tailored disclosures beyond traditional models. This new guidance mandates clear reporting on token mechanics, network governance, cybersecurity vulnerabilities, concentration of token ownership, valuation methods, and promoter involvement.
Absolutely massive for transparency and legitimization of this industry.
This new guidance also distinguishes basic network validation from pooled staking services, liquid staking tokens, or yield-bearing stablecoins, which carry a heightened risk of being classified as investment contracts.
Additionally, traditional assets tokenized on a blockchain remain fully subject to standard securities registration and compliance rules.
A security onchain is still a security, big surprise there…
I digress.
This is absolutely massive for clarification of the rules, and the SEC is coming in big time post-CLARITY failure.
Absolutely love to see it.
NEW: SEC staff clarifies when live tokens, buybacks, and staking receipts are not securities.
Absolutely huge for onchain finance.
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Andy retweeted
The oldest proof-of-work coins are quietly becoming the trade.
@andyyy says this is the Lindy era, the names that have survived long enough to be trusted like Bitcoin.
Zcash zcash:native led it. He just added Litecoin litecoin:native.
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Rumor mill is right.
As of now now every tokenized-stock venue wants your ID. This is a data privacy problem and a composability issue.
That may be about to end.
Our sources are telling us that the plan is a zero-knowledge KYC passport verified at the issuer level, then reusable across every tokenized securities venue. Your wallet carries a stamp proving you're cleared, without exposing your name, jurisdiction or ID.
You can bridge, swap, and trade across all venues onchain without needing to KYC multiple times.
Would be huge.
The Rollup
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