According to @adriannewman21, merging with a SPAC offers more advantages for treasury companies than buying a NASDAQ shell for both foundations and retail participants. Source: @adriannewman21 on X, Aug 12, 2025. The author states that most shell-buyer moves tend to result in pump-and-dump dynamics, while SPAC mergers better align incentives. Source: @adriannewman21 on X, Aug 12, 2025. For trading, this view suggests monitoring whether a treasury company opts for a SPAC merger versus a shell purchase when assessing event-driven volatility and incentive alignment risk. Source: @adriannewman21 on X, Aug 12, 2025.

According to Flood (@ThinkingUSD), there is a significant demand for unbiased crypto research firms that do not accept grants from foundations, focusing solely on delivering pure alpha. The current state of crypto research firms is criticized for not meeting these standards.

According to Gordon (@AltcoinGordon), the foundations for significant developments in the cryptocurrency markets are being laid, emphasizing the importance of recognizing the bigger picture for strategic trading decisions. This suggests a potential shift or upcoming opportunities in the market that traders should be aware of.

According to @AltcoinGordon, the cryptocurrency market is currently in the phase of building strong foundations that present unique opportunities for traders. Gordon suggests that traders should stay vigilant and pay attention to these developments as they could lead to significant trading opportunities. This statement emphasizes the importance of market awareness and strategic positioning during foundational phases.