MikeS

Sei closed Q3'25 with $4.6B in spot volume. AMMs still lead, but the more interesting signal is the rise of on-chain CLOBs. Why CLOBs matter: • Capital efficiency → liquidity isn't stuck in curves • Tighter spreads → better price discovery • Scales with volume → works for

Selling pre-NYO has been the right trade most of this month. CB premium negative \~2 weeks now. $88k liquidity cluster got taken out today. Downside looks more limited here, still targeting a $90k test near term if BTC holds above $86.5k.

The gaming sector may have been a major contributor to the network activity growing for Sei in Q3, and that momentum hasn't gone away. What's changed in Q4 is the surface area: Alongside games, Sei has been pushing institutional-grade infra (validators, custody, security), a

Gold just hit a new ATH at $4,383. Bitcoin is \~28% off its highs, posting its worst Q4 in 7 years, without any significant negative news or FUD. That divergence, however, makes sense. Gold is absorbing central bank demand and late-cycle capital looking for stability. Bitcoin

\~85% of 2025 launches are underwater. $RAVE just made a new ATH and entered price discovery. Launched around $0.18, now \~3x, with more catalysts ahead. Still holding.

I touched earlier on how Sei Giga architecture is gravitating towards consensus and finality. With that, Market Infrastructure Grid ties perfectly into how @SeiNetwork is cementing its infrastructure for global markets. Validators like Binance \& Kraken. Custody and security

I covered EigenLayer a few months back with NTT Digital's adoption of EigenCloud. Now they passed ELIP-12 to tighten the value loop. Key changes: • Incentives shift from idle stake → real AVS + EigenCloud usage • EigenCloud fees now flow to EIGEN buybacks • 20% fee on AVS

$RAVE still looks constructive. Higher lows from \~0.28, reclaiming value area around 0.30--0.32 and grinding back toward 0.4. One of the few recent launches that have performed well. Already live on Binance, OKX, Bybit perps -- yet no KR CEX listings despite no.1 Korea mindshare.

Infra L1s aren't diverging by accident; they're diverging by design. @Sei_Labs just dropped "The Evolution of Consensus", arguing the shift from safety → liveness → instant finality at scale --- the core thesis behind Sei Giga. This is why L1 architectures are starting to look

EtherFi eETH supply just crossed 3M after a \~400k weekly surge. At the same time, ETH ETF flows have remained steady rather than volatile. Suggesting less ETH floating, more ETH working (ETFs, restaking) Worth watching from a market-structure perspective.

$RAVE had strong CEX coverage from day one: Binance Futures, OKX Perps, Kraken, Bitget, MEXC. Launched \~$0.15 → \~$0.60 → consolidating around \~$0.40 with $200m+ 24h volume. Music culture might be sticking.

BTC liquidity grab below 89,000. Watching how the market reacts here - does this set up a slow grind into a year-end / Xmas rally?

Bought $FOLKS on spot over a month ago - good to see it breaking out. Took a small long on the pullback from ATH last night with volume still high and funding negative.

.@TheoriqAI mainnet in 3 days, TGE likely soon given the Coinbase announcement. Mindshare already ranking no.1 in China + Korea - two key regions for capital flows. Their Alpha Vault incentives are structured around this launch window. The goal isn't mercenary TVL, but early

SEI still chopping in a tight range - support around 0.125. Valuation still looks light relative to the number of catalysts + partnerships coming through (eg. Xiaomi distribution). For now just waiting on BTC to confirm an uptrend before this resolves.

Post-TGE price action is telling a clear story for @RaveDAO. Day 1 catalysts stacked up: Binance alpha listing, USD1 pair on Aster, with amplification from Trump Jr + CZ Early PMF + real users = cleaner price discovery Entertainment culture might be crypto's sleeper narrative

.@TheoriqAI AlphaVault showing strong early traction - $24M TVL in days and \~34% APY. Like the idea of automating strategies to maximise onchain yield. Vault-of-vaults is now live with 1% of $THQ for early depositors + a limited pre-TGE Nitro boost.

Tens of thousands have already used @RaveDAO to buy tickets in crypto and mint moments onchain - all organic traction without VC funding. Looks like early PMF to me.

BTC looks constructive here - strong move ahead of FOMC. Still need to reclaim $93k to open a new range toward $100k. Market is pricing in another 25bps cut -the third this year.