According to @adriannewman21, owning ENA can be a straightforward way to express an Ethereum-bullish view, source: Adrian on X (Aug 9, 2025). Ethena’s USDe is primarily collateralized by ETH staking assets and hedged with short perpetuals to stay delta-neutral, so protocol returns are driven by staking rewards and perpetual funding rates tied to ETH market conditions, source: Ethena Labs Documentation. For trading, monitor three ETH-linked signals: ETH perpetual funding rates, ETH staking yields, and USDe circulating supply reported on the project’s transparency dashboard, sources: Ethena Labs Documentation; Ethena Transparency. Key risks include negative funding compressing sUSDe yield, basis dislocations increasing hedge costs, and centralized exchange counterparty risk on hedges, source: Ethena Labs Documentation.

According to Adrian (@adriannewman21), many early NFT projects make the mistake of chasing millions of eyeballs instead of cultivating the first thousands of holders into die-hard superfans, positioning holders as the core ambassadors of demand. Source: Adrian (@adriannewman21) on X, 2025-08-09, https://twitter.com/adriannewman21/status/1954033105406489080 For traders, this implies higher quality signals when a collection clearly invests in existing holders over vanity reach, aligning with the holder-first approach Adrian highlights. Source: Adrian (@adriannewman21) on X, 2025-08-09, https://twitter.com/adriannewman21/status/1954033105406489080 Actionable screen: prioritize projects that show consistent holder-focused execution (e.g., benefits and engagement for current holders) because this matches the ambassador model Adrian underscores. Source: Adrian (@adriannewman21) on X, 2025-08-09, https://twitter.com/adriannewman21/status/1954033105406489080 Conversely, discount collections that emphasize broad marketing without evidence of deep holder engagement, in line with Adrian’s emphasis that holders drive advocacy. Source: Adrian (@adriannewman21) on X, 2025-08-09, https://twitter.com/adriannewman21/status/1954033105406489080

According to @adriannewman21, REKT token ($rekt) has reached a new all-time high with a fully diluted valuation (FDV) of $500 million and 100% of its token supply in circulation. These on-chain metrics suggest significant trading activity, potentially influenced by centralized exchanges (CEXs), which may affect liquidity and price volatility. Traders should monitor CEX listings and market movements closely, as such developments can impact short-term trading opportunities and overall market sentiment for REKT. Source: @adriannewman21.

According to @adriannewman21, Solana NFTs differ significantly from ETH NFTs due to meme coins becoming a major spending avenue for SOL, which led to dilution in the Solana NFT market. For ETH holders, allocating a portion of holdings to NFTs can serve as a leveraged investment strategy, potentially enhancing returns. This analysis suggests traders should consider the different market dynamics and potential for leveraged returns when allocating between Solana and Ethereum NFT ecosystems. Source: @adriannewman21

According to Adrian (@adriannewman21), the true advantage of NFTs lies in the balance between digital ownership and their role as speculative trading assets. Adrian raises key trading questions about whether NFTs are valued primarily for their ownership utility or for their potential to generate profits through market speculation. He also highlights the importance of community cohesion, questioning whether NFT communities can remain resilient if floor prices stagnate or decline. For traders, this signals the need to assess NFT projects not just by price momentum but also by the underlying community engagement and utility, as price volatility directly impacts liquidity and trader sentiment (source: @adriannewman21).

According to Adrian (@adriannewman21), while AI-focused cryptocurrency tokens are considered acceptable trading options, the value proposition and trading potential of crypto robotics tokens are less clear. Traders may want to focus on AI-powered crypto projects for better market clarity and liquidity, as sentiment around robotics-related tokens remains mixed according to this source.

According to @adriannewman21, investing in the ENA treasury shell token is currently attractive for short-term gains, primarily due to its unique association with stablecoins, which provides a differentiating narrative in the crypto space. However, the source warns that in the mid to long term, these treasury shell structures may negatively impact the market, especially if callable bonds (CBs) are exercised during a bear market. Traders should monitor ENA price action closely and consider the inherent risks in treasury shell tokens, particularly in volatile market conditions. Source: @adriannewman21

According to Adrian (@adriannewman21), the initial coin offering (ICO) landscape remains complex, often resembling a competitive environment dominated by insiders such as venture capitalists, founders, and market makers. Adrian highlights that the previous ICO boom resulted in significant market failures and regulatory scrutiny, which still impact current trading strategies and market sentiment. This underscores the importance for traders to closely monitor regulatory developments and insider activities as these factors can lead to increased volatility and risk in token launches and early-stage crypto investments (source: @adriannewman21).

According to @adriannewman21, while most cryptocurrencies experienced significant declines over the last 24 hours, one token unexpectedly surged by 10%. This divergence from the broader market trend highlights the potential for selective trading opportunities even in bearish conditions. Traders should closely monitor tokens demonstrating relative strength during market downturns, as they may signal underlying resilience or unique catalysts. Source: @adriannewman21.

According to Adrian (@adriannewman21), China's official ban on ICOs in September 2017 led to a significant retracement in Bitcoin (BTC) prices, with BTC dropping by approximately 30-40%. This historical price movement highlights the substantial influence of regulatory actions in major markets such as China on cryptocurrency volatility and trading strategies. Traders should remain vigilant for regulatory news from large economies, as such events have proven to trigger sharp short-term market corrections and create both risk and opportunity in BTC and other digital assets (source: @adriannewman21).

According to @adriannewman21, BasedApp, led by @edison0xyz, reached an impressive $1 billion USD in trading volume within its first month of launch on HyperliquidX. This rapid growth reflects strong user engagement and liquidity, making BasedApp a notable platform for crypto traders seeking high-volume environments. The app's journey included multiple pivots, originally being built on Luna before transitioning to HyperliquidX, highlighting adaptability and market-driven development. For traders, the platform's fast scaling and robust performance signal significant opportunities for both short-term and long-term trading strategies. Source: @adriannewman21

According to @adriannewman21, some private equity investments can offer a potential 2x return in 2 years, which outpaces the typical 20% gain seen in stocks or cryptocurrencies over the same period. This highlights the volatility and slower compounding returns associated with crypto assets compared to certain private equity opportunities, making it crucial for traders to assess risk-reward profiles when allocating capital across asset classes. Source: @adriannewman21.

According to Adrian Newman, Kraken has completed a $500 million fundraising round at a $15 billion valuation. This move positions Kraken for a potential IPO at an estimated $25 billion valuation, drawing comparisons to Coinbase's current market capitalization of around $100 billion. Traders should note that Kraken, as the largest crypto exchange in the US by some measures, may impact sentiment and valuations for exchange-related tokens and stocks. This development could influence the broader crypto trading ecosystem, especially as Kraken approaches public markets. Source: Adrian Newman.

According to @adriannewman21, Kraken is currently raising $500 million at a $15 billion valuation, with discussions suggesting a potential IPO at a $25 billion valuation. This move positions Kraken as a major competitor to Coinbase, which currently holds an approximate $100 billion valuation. The anticipated IPO could significantly increase trading activity and investor interest in the crypto exchange sector, potentially impacting trading volumes and liquidity for leading cryptocurrencies such as BTC and ETH. Source: @adriannewman21.

According to Adrian Newman (@adriannewman21), Chinese funds are now stepping back from investing in new Digital Asset Trusts (DATs) and crypto IPOs due to the recent pullback of Sbet. Notably, these funds had shown strong interest in acquiring Kraken shares in the secondary market just last month. This shift indicates a cautious sentiment among major investors, potentially impacting liquidity and valuations across crypto equities and digital asset markets. The change in Chinese fund behavior could influence broader BTC and ETH price trends as institutional demand for new crypto listings weakens. Source: @adriannewman21

According to Adrian (@adriannewman21), the current crypto market cycle is characterized by price growth primarily led by digital asset trading firms (DATs) and Wall Street institutions. This trend is making it more challenging for new crypto project builders to secure funding, potentially even more difficult than during previous bear markets. Adrian emphasizes that this environment is stifling innovation advancement, as incentives for new builders are diminished and capital is concentrated among established players. Traders should note that such market dynamics may impact long-term project diversity and the pace of technological progress, potentially affecting the sustainability and breadth of future cryptocurrency opportunities. Source: Adrian (@adriannewman21) via Twitter, July 30, 2025.

According to @adriannewman21, there is growing curiosity among traders about whether a new blue-chip NFT collection will emerge during the current market cycle. This topic is significant for NFT investors and traders, as the advent of a new blue-chip project could reshape liquidity flows, impact floor prices of existing top-tier NFTs, and drive renewed speculative activity in the NFT sector. Traders should monitor leading NFT platforms and community sentiment for early signs of new projects gaining traction, as these developments could present both opportunities and risks for NFT portfolios (source: @adriannewman21).

According to @adriannewman21, NFT project founders should view their holders not just as customers but as ambassadors, emphasizing that empowering a community of 10,000 holders can create a powerful digital brand presence, similar to leveraging a celebrity endorsement. This approach can significantly increase project loyalty and engagement, impacting secondary market trading volumes and floor prices for NFTs by fostering a stronger community-driven ecosystem (source: @adriannewman21).

According to Adrian Newman, after a discussion with Spencer, he has made his first purchase of Moonbirds NFTs, expressing that it feels early to be entering this project. This suggests potential trading opportunities for NFT investors looking for early-stage projects with growth potential, as highlighted by Adrian Newman's recent activity (source: @adriannewman21).

According to @adriannewman21, a proposal was submitted to a leading NFT company to launch a large sculpture at ComplexCon HK, designed by a prominent visual artist. The project offered significant brand visibility at a minimal cost relative to the company's usual marketing spend. However, the NFT company opted not to proceed, underscoring its current focus on traditional marketing channels over experiential or physical art installations. This decision reflects ongoing trends in NFT project marketing strategies and may influence traders to reassess the impact of physical brand activations on NFT collection valuations. Source: @adriannewman21 via Twitter.