Hyperliquid2026-09-15 08:33:32IOSG says HIP-3 lowers the gate to launching perpetual markets, but not the moatIOSG Ventures argues that Hyperliquid’s HIP-3 has made it possible for more teams to launch perpetual markets, but not to build durable defenses. Drawing directly from Hyperliquid’s public APIs and Flowscan routing data, the report says 10 teams have registered their own perp venues on Hyperliquid and most locked roughly $40 million in HYPE to do it. Yet one venue, Trade[XYZ], still accounted for 97.8% of HIP-3 volume over the past 30 days, even after its own monthly turnover dropped 44.2%. The study says HIP-3 builder markets represented 25.8% of total Hyperliquid perpetual volume over the last 30 days, down from 57.1% in the previous 30-day window. IOSG attributes much of that shift to a booming core crypto book rather than a clean transfer of share away from HIP-3. It also argues that settlement asset choice has been decisive: every venue that used a non-USDC stablecoin has already stopped trading, while every venue still alive uses USDC. IOSG’s broader conclusion is that assets, listing slots and staking capital can all be bought, while the harder thing to copy is market infrastructure itself. In the report’s framing, the only meaningful edge seen so far has come from infrastructure such as oracles, funding-rate design, settlement logic and distribution, not from simply listing a different set of markets.1670
Policy Regula2026-08-23 07:42:40Crypto VCs Focus on Market Rebound, Token Issuance Rules, and New AI Research TopicsChainFeeds Research published a new edition of its "VC Talk" roundup on Aug. 23, collecting market views from crypto investors and operators across several firms. The piece centered on a recent rebound in crypto prices and highlighted how different participants are framing the move. Among the views cited, HashKey Capital’s Rui discussed macro and market structure factors, including long-duration bonds, the Federal Reserve’s unclear rate path, Trump’s midterm election considerations, stablecoin buyers of bonds, elevated exchange open interest, and a futures-led move in ETH. Waterdrip Capital’s Jademont pointed to two widely discussed triggers behind Bitcoin’s jump: falling 30-year U.S. Treasury yields and a new U.S. Securities and Exchange Commission proposal on token issuance, which he said was the main reason in his view. The roundup also included positioning comments from Amber Group, Syncracy Capital, DeFiance Capital, Delphi Ventures, 1confirmation, Generative Ventures, and Placeholder. In a separate section, ChainFeeds listed three recent research topics: Arthur Hayes’ new AI Agent experiment for BitMEX, IOSG Ventures’ work on what it called the demand illusion of Model Fusion, and Metrics Ventures’ market note "Talk is Cheap." The article also noted 10 publicly disclosed fundraising events from Aug. 9 to Aug. 16 totaling more than $19.5 million.1250
ChainFeeds2026-08-16 14:08:22ChainFeeds roundup shows crypto and AI bets splitting across venture investorsChainFeeds Research published a new edition of its "VC Talk" series on Aug. 16, collecting recent venture-capital views on crypto markets, AI, research output, and primary-market fundraising. The issue frames a simple question: as capital starts to rotate again between crypto and AI, which side are investors choosing. On the crypto side, the roundup cites Ryan Watkins of Syncracy Capital, Tommy of Delphi Ventures, and Nick Tomaino of 1confirmation. Their comments point to optimism around Bitcoin and broader crypto participation, with references to retail activity in perpetuals, meme-related trading, and other on-chain speculative markets. Tommy argues that a string of negative headlines, including Saylor selling, MARA selling, a delay of the Clarity bill to Sept. 15, and quantum-related fears, failed to push BTC lower. The AI case comes from Arthur of DeFiance Capital, who said Leopold had fully exited positions by June 30, 2026, after being heavily concentrated in memory and NeoClouds stocks. He linked that positioning to the sharp July drawdown and the quick V-shaped rebound. The post also highlights recent research from IOSG Ventures, a16z, and Amber Group, and says 10 public fundraising events were disclosed from Aug. 3 to Aug. 9 for a combined total of more than $90.64 million.1210
ChainFeeds2026-08-02 12:50:44ChainFeeds VC roundup tracks Leopold blowup rumors, Ethereum’s 11th anniversary and IOSG’s AI storage thesisChainFeeds Research on Aug. 2 published a new edition of its "VC Talk" roundup, collecting what crypto venture investors have been discussing, researching and funding. The issue centers on three threads: market rumors around heavy losses at Situational Awareness, the AI investment fund founded by former OpenAI researcher Leopold Aschenbrenner; Ethereum’s 11th anniversary on July 30, 2026; and IOSG Ventures’ framing of decentralized storage in the AI era. On the Situational Awareness story, the roundup compiles comments from Folius Ventures, Amber Group, Tangent, DeFiance Capital, Delphi Ventures and Kay Capital. Views diverged sharply. Some focused on the possibility that Leopold could still raise fresh capital if the AGI trend remains intact, while others pointed to the limits of 13F disclosures and the uncertainty around put protection in the fund’s options book. Tangent’s Jason was cited as saying Leopold was still up 80% year to date, with net asset value in the 10-digit range, while Kay Capital argued the fund would still be profitable and could walk away with $900 million even if liquidated now. The piece also lists recent research from Dragonfly’s Haseeb, Real Vision’s founder and IOSG Ventures. For primary-market activity, ChainFeeds said 14 financing rounds were disclosed between July 20 and July 26, with total funding above $249 million.1880
Centrifuge2026-07-24 02:50:16Centrifuge and IOSG Ventures Expand Tokenization Push With $500 Million Plan in AsiaCentrifuge and IOSG Ventures are expanding their partnership with a $500 million tokenization initiative focused on Hong Kong, Singapore, Japan, and South Korea.720
ChainFeeds2026-07-19 12:02:36ChainFeeds rounds up crypto VC views on AI pullback, FalconX-bloXroute deal and fresh funding activityChainFeeds on July 19 published a new installment of its “VC Says” series, pulling together recent public comments, research notes and private-market funding updates from crypto venture investors. The edition centers on two discussion themes making the rounds among VCs: the recent correction in AI and semiconductor stocks, and FalconX’s acquisition of blockchain infrastructure provider bloXroute. On the market side, Arthur of DeFiance Capital argued that the recent sell-off in AI and semiconductor names looks like a mid-cycle correction rather than a market top, linking the move to crowded positioning and elevated leverage. He said he expects a strong rebound after the summer slowdown and added that, if the AI capex cycle remains intact, the current period may be an attractive entry point. Tommy of Delphi Ventures took a more cautious line, saying AI appears to carry greater downside risk while calling Bitcoin a “safe haven,” and suggested going long AI again toward the end of summer. The research section highlights three pieces: an IOSG Ventures note on why Wall Street is pushing back on ChatGPT and Claude, a Multicoin Capital discussion arguing the crypto market has bottomed and naming three favored tokens for this cycle, and a Tiger Research report on capital concentrating in a smaller group of winners in 2026. ChainFeeds also said 10 funding rounds were publicly disclosed between July 6 and July 12, totaling more than $381 million.1440
Robinhood Cha2026-07-12 12:49:31Robinhood Chain launch draws mixed VC views as Zapper sets Aug. 3 shutdownChainFeeds’ July 12 VC roundup highlighted Robinhood Chain’s mainnet launch, Zapper’s planned shutdown, new research on quantum threats to Web3, and a busy week for private fundraising. Robinhood Chain drew sharply different reactions from investors. Syncracy Capital’s Ryan Watkins said he sees little reason for users to replay the same zero-sum trading activity on a 2/3 multisig L2 built around forked protocols, adding that Robinhood could have done more than try to revive a 2024-style trend. He did, however, praise Robinhood’s integration of Morpho and Ethena into the app’s Earn feature. Pantera Capital’s Mason Nystrom said the chain’s sequencer has already reached a revenue run rate of more than $10 million on an annualized basis, assuming recent trading volume holds, and argued that Robinhood’s distribution should not be underestimated. Pantera’s Danning focused on product design, saying the chain offers a smooth way for users to move capital between onchain markets and stocks. The roundup also noted that DeFi portfolio platform Zapper will shut down zapper.xyz, its mobile app, and API services on Aug. 3. Separately, ChainFeeds listed IOSG Ventures’ work on quantum risk, a Variant Fund piece on where new crypto inflows are going during the AI boom, and a Glassnode report saying crypto market bottoming is still incomplete.1950
