Writing

Research, reports, and notes from the MONI writing desk.

IMD

NEWResearch

Agents already build apps and collect rewards. Growing demand could strengthen the token economy and make worker seats more valuable.

Oct 12, 2026 / 6 min

Weekly Alpha Recap #201 | 5–11 October

NEWReports

OKX and ICE/NYSE parent JV files to launch tokenized US stock trading venue. 28 project highlights and 28 projects in the Probably sheet.

Oct 11, 2026 / 5 min

Weekly Alpha Recap #200 | 28 September–4 October

Reports

SEC staff FAQs: liquid staking tokens not securities; buybacks not managerial efforts. 19 project highlights and 35 projects in the Probably sheet.

Oct 4, 2026 / 5 min

Orbio

Research

The market already showed up for the project. Now launchpad fees fund new apps, and the ones that catch on can pull demand back to the token.

Oct 04, 2026 / 5 min

Papertrade

Research

1000x leverage, no LPs, and a queue that pays winners from future trader losses. Papertrade is trying to bootstrap a perp exchange from zero.

Oct 02, 2026 / 17 min

Ascend

Research

Keeps incentives alive after launch by recycling trading activity back into creators, tokens, liquidity, and long-term market growth.

Oct 01, 2026 / 4 min

Weekly Alpha Recap #199 | 21–27 September

Reports

Bitcoin rallies above $81k–$85k amid large short liquidations and ETF flows. 65 project highlights and 36 projects in the Probably sheet.

Sep 27, 2026 / 5 min

Elysium

Research

A fast Hyperliquid-focused chain built to attract new apps, users, and capital, then funnel that activity back into HyperCore and KNTQ.

Sep 21, 2026 / 9 min

Weekly Alpha Recap #198 | 14–20 September

Reports

Federal Reserve raises interest rate by 25 bps (unanimous vote). 53 project highlights and 26 projects in the Probably sheet.

Sep 20, 2026 / 5 min

Hylo

Research

Hylo turned leveraged longs into regular tokens. Users can buy and hold them without a liquidation price.

Sep 19, 2026 / 15 min

Weekly Alpha Recap #197 | 7–13 September

Reports

Liquid Network pauses after purported white‑hat withdrawal of ~4,000 BTC (~$320M) via SideSwap; bridge nodes disabled. 41 project highlights and 38 projects in the Probably sheet.

Sep 13, 2026 / 6 min

The Standard Reserve

Research

Economy built around the exit: taking profit burns future earning power and rewards those who stay.

Sep 07, 2026 / 8 min

Weekly Alpha Recap #196 | 31 August–6 September

Reports

Cronos halts after ~$75M Tectonic lending exploit. 29 project highlights and 42 projects in the Probably sheet.

Sep 6, 2026 / 6 min

FLOP

Research

Agents can rent compute today. The harder part is giving them a market they can use without asking anyone first.

Sep 02, 2026 / 12 min

Weekly Alpha Recap #195 | 24–30 August

Reports

Bitcoin posts historic weekly dollar gain amid ETF inflows and macro concerns. 11 project highlights and 33 projects in the Probably sheet.

Aug 30, 2026 / 5 min

Deepstate

Research

A fully onchain order book pays makers to quote tokenized stocks, testing whether emissions can build durable liquidity rather than rent it.

Aug 24, 2026 / 7 min

Weekly Alpha Recap #194 | 17–23 August

Reports

SafePal data breach exposed personal information of ~40,000 customers. 3 project highlights and 16 projects in the Probably sheet.

Aug 23, 2026 / 5 min

Fortytwo Harbor

Research

The swarm inside your office

Aug 17, 2026 / 4 min

Weekly Alpha Recap #193 | 10–16 August

Reports

SEC delays and cancels tokenization/crypto rule proposals. 10 project highlights and 19 projects in the Probably sheet.

Aug 16, 2026 / 5 min

Weekly Alpha Recap #192 | 3–9 August

Reports

BlackRock expands tokenized cash with new blockchain-based money market offerings. 14 project highlights and 14 projects in the Probably sheet.

Aug 9, 2026 / 5 min

Weekly Alpha Recap #191 | 27 July–2 August

Reports

Bitcoin ETFs end inflow streak as Fed rate concerns mount. 17 project highlights and 40+ projects in the Probably sheet.

Aug 2, 2026 / 6 min

Weekly Alpha Recap #190 | 20–26 July

Reports

Hyperliquid to enable permissionless deployment of HIP-4 outcome markets on testnet before mainnet. 10 project highlights and 31 projects in the Probably sheet.

Jul 26, 2026 / 6 min

Axis

Research

A yield-bearing dollar token, powered by a veteran trading team running low-risk arbitrage across exchanges.

Jul 24, 2026 / 4 min

Fact Machine

Research

Opinion markets let you trade not on what will happen, but on what people will believe. The crowd becomes the oracle, rewarding those who can read collective sentiment.

Jul 24, 2026 / 9 min

Weekly Alpha Recap #189 | 13–19 July

Reports

Institutional adoption of digital assets accelerated as Circle secured a national trust bank charter and the DTCC initiated production tokenized trades with major financial firms.

Jul 19, 2026 / 6 min

After Tokenization

Research

RWA trading already does serious volume. The harder part is turning tokenized assets into liquid markets that support borrowing, collateral, and hedging.

Jul 15, 2026 / 12 min

Weekly Alpha Recap #188 | 6 June –12 July

Reports

This week: Coinbase and Kraken pushed deeper into banking, the SEC teased friendlier crypto rules, Tether and Ondo expanded, and BonkDAO lost $20M.

Jul 13, 2026 / 4 min

Weekly Alpha Recap #187 | 29 June – 5 July

Reports

Regulation set the tone this week, but stablecoins, tokenized equities and on-chain treasury plays kept crypto’s risk engine running hot.

Jul 06, 2026 / 2 min

NFTX

Research

Moving from simple floor liquidity to pricing an entire NFT collection through a shared liquidity layer feels like the natural next step for NFT-Fi.

Jul 06, 2026 / 12 min

Robinhood Chain

Research

A rare setup where distribution, real-world assets, and DeFi infrastructure arrive together before the wider market has fully noticed.

Jul 02, 2026 / 7 min

Fake World Assets

Research

A clever TokenWorks experiment turning odd NFT inventory and standing ETH bids into a real market question. Still early, but the mechanism has teeth.

Jun 30, 2026 / 5 min

Weekly Alpha Recap #186 | 22 – 28 June

Reports

TradFi keeps coming on-chain: stablecoins, RWAs, tokenized stocks, prediction markets while MEV bots, bridges and governance remind CT why risk never sleeps.

Jun 28, 2026 / 7 min

Tori Finance

Research

A synthetic dollar targeting 15% from an institutional, market-neutral trading book, backed by Delphi and independently monitored by RockawayX. $49M in and growing.

Jun 28, 2026 / 14 min

Ritual

Research

Agent-native chain turning model calls, scheduling, private execution and proofs into native primitives.

Jun 26, 2026 / 13 min

Weekly Alpha Recap #185 | 15 – 21 June

Reports

A volatile week for crypto: markets bounced, regulation stayed active, tokenization and AI gained momentum, while exploits and prediction-market drama kept risk firmly in focus.

Jun 22, 2026 / 5 min

3Jane

Research

The bet is bigger than a better Aave: turn fintech credit into crypto-native liabilities, route them through DeFi, and coordinate the system through JANE.

Jun 22, 2026 / 12 min

Pixie Chess

Research

Pixie Chess turns NFTs into playable, burnable chess pieces funding ETH prizes. Strong crypto-game loop, but durability depends on retention, anti-cheat, trust, and real demand.

Jun 19, 2026 / 10 min

Mantle

Research

Mantle's best pitch is not cheaper blockspace. It is a chain built around what onchain finance usually lacks: assets, liquidity, execution, incentives, and access in one place.

Jun 17, 2026 / 13 min

Suzi

Research

SendAI wants to compress a trader's twelve-tab mess into one generated instrument. Real team, real wedge, thin public proof. Here's where Suzi actually stands.

Jun 16, 2026 / 12 min

Weekly Alpha Recap #184 | 8 – 14 June

Reports

BTC treasuries grew, ETFs bled, Hyperliquid stayed hot, RWA demand spiked, and DeFi faced fresh hacks, liquidity scares, and AI-wallet/infra launches.

Jun 14, 2026 / 4 min

RoboStrategy: nobody cares about robots

Research

A clever little closed-end fund that opens up private robotics like Figure AI and Apptronik to public investors. It's really selling access, not robots.

Jun 09, 2026 / 8 min

Proof

Research

Trades not whether an event happens, but what an asset is worth if it does. Sharp primitive, early signal, but no live-market proof yet.

Jun 07, 2026 / 11 min

Weekly Alpha Recap #183 | 1 – 7 June

Reports

Stablecoins, Hyperliquid, exploits, prediction markets and AI infra dominated the week. Institutions kept moving in, while degens got more drama, drains and depegs.

Jun 07, 2026 / 10 min

Elara Finance

Research

A team that can build a money market is launching its most trust-heavy product — yield-stable elUSD — with near-zero disclosure. Rich past, thin present. We break down the gap.

Jun 04, 2026 / 14 min

Weekly Alpha Recap #182 | 25 May – 31 May

Reports

Stablecoins, prediction markets and AI-agent rails keep getting built out by big players, while the long tail of new launches is mostly perps wrappers and agent demos.

May 31, 2026 / 12 min

Osero

Research

A distribution wrapper for Sky, dressed up as infrastructure. The legal entity is doing more work than the SDK. Worth watching.

May 29, 2026 / 8 min

Hypernova

Research

Moving the prop firm onchain via Hyperliquid. $3M from Lemniscap, addresses published, contracts unverified. The framing is ahead of the proof.

May 27, 2026 / 20 min

Pluralis

Research

One of the few crypto-AI projects where the research proof is ahead of the token proof. That makes it more interesting than the average DeAI pitch, and harder to underwrite cleanly

May 25, 2026 / 13 min

Weekly Alpha Recap #181 | 18 May – 24 May

Reports

Institutional rails keep thickening — tokenization, stablecoin frameworks, Hyperliquid and BTC treasuries are moving fast. Most new launches are still pre-product narrative.

May 23, 2026 / 11 min

Weekly Alpha Recap #180 | 11 May – 17 May

Reports

Crypto keeps shifting toward institutional rails: stablecoins, tokenized assets, Hyperliquid, AI infra, and better UX dominate while most new launches are still pure narrative.

May 17, 2026 / 12 min

The Other Sui

Research

The DeFi side tells one story. The consumer side tells another: different apps, different users, different scale. Same chain, but almost no overlap.

May 09, 2026 / 20 min

Uni v4 Hooks: powering the next degen cycle?

Research

Uniswap v4 hooks turn swaps into programmable mechanics: bonding curves, NFT generation, games, dynamic fees, yield routing, and fully hook-native assets.

May 07, 2026 / 13 min

Sui

Research

Spent time digging into Sui, from TVL and stablecoins to BTCfi and ecosystem flows. Wrote a breakdown on what’s actually happening beyond price action.

Apr 23, 2026 / 17 min

The Stablecoin Power Grab

Research

How stablecoins, fintech, and the agent economy are converging into a new money stack, and where value will actually accrue

Apr 22, 2026 / 18 min

Bittensor: Current State

Research

Structural analysis of TAO subnet incentive alignment, validator economics, and competitive dynamics.

Mar 31, 2026 / 18 min

ZERO: from pipes to city

Research

How ZERO is evolving from infrastructure substrate into a composable execution environment.

Feb 13, 2026 / 9 min

FX100

Research

FX100 aims to remove standard perp liquidations via embedded options protection and tranche-based liquidity. Strong concept, but specs and stress tests are still missing.

Jan 22, 2026 / 4 min

Inside the ICM Mindset

Research

From ICO chaos to ICM, same degen appetite, just with better rails. Liquidity locks, onchain governance, and fairer mechanics replaced pure speculation.

Nov 06, 2025 / 15 min

Makina Finance

Research

Makina builds cross-chain DeFi execution infra: Machines, MT shares, operators, risk caps and CCQ accounting. Strong design, but audits, live usage and $MAK value capture still nee

Sep 29, 2025 / 16 min