Tradfi Integration Path: Tokenized Equities, Distribution, And Compliance Design
Novakovski argues crypto-native participants underestimate how far TradFi institutions are in understanding blockchain's value and pursuing integration, implying TradFi and crypto capital markets will merge.
Novakovski claims Lighter processes about 500 million orders per day with operating costs under $50,000 and offers free trading for retail while monetizing market makers and HFT firms.
Novakovski claims Lighter grew by about 1000x over the last year and expects further growth from deeper access to the Ethereum ecosystem and increased institutional participation.
Load Growth (Data Centers) Turning Power Delivery And Interconnection Into The Bottleneck
Data center load growth is described as potentially triggering political and social backlash if ratepayers bear higher costs, with Ireland's data center moratorium cited as an example of this failure mode.
Companies are increasingly using creative financing and legal strategies in response to valuation declines, lost grants, and more frequent disputes.
Cutting back large incentives (cited as $32B) aimed at domestic manufacturing and grid modernization is described as politically inconsistent given rapid demand growth.
Altcoin/Thematic Rotation And Token Design/Deal-Term Constraints
Michael Terpin disputes the idea that typical tokens need extreme investor lockups to avoid being treated as securities, arguing many are not securities if they do not pay dividends or similar.
Michael Terpin says he will look for bottom confirmation via charts, sentiment extremes, and whale wallet movements, and he believes sentiment briefly hit typical bottom levels near $80k but too early to reflect true capitulation.
Michael Terpin says the Clarity Act is intended to explicitly define what is and is not a security in crypto and notes political opposition that could block or dilute it.
Crypto Regime: Sideways Btc, Alt Drawdowns, And Sell-Pressure Explanations
Bitcoin has been basically unchanged since mid-November 2024, implying roughly 14 months of flat performance.
Retail traders are at heightened risk of overtrading in the current environment and should be more selective about entries to avoid self-inflicted losses.
Changes to X’s recommendation algorithm are described as reducing visibility of crypto voices and increasing rage-inducing content, which may worsen perceived or actual crypto sentiment.