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Decentralized Capital Markets Research & Articles: www.shoal.gg Twitter: https://twitter.com/Shoalresearch TG link: https://t.me/shoalresearch Website: Shoalresearch.xyz
Geopolitical Events & their Stock Market Reaction
Source: https://x.com/TheShortBear/status/1933380751401103811
The People's AI Podcast: How Decentralized Data Marketplaces Could Reshape AI Forever
Guest: Art Abal, co-founder of Vana
Discussion:
> Decentralized data marketplaces
> User-owned datasets
> Fair rewards for AI training data
> Real control over how your data is used👇
Source: https://www.youtube.com/watch?v=l0zTlTaZ95o&t=142s
Polymarket Odds Spike to 99% for U.S. Strike on Iran Before July
Source: https://polymarket.com/event/us-military-action-against-iran-before-july
CoWSwap: Which RPC Gives You the Best Swap Prices on Ethereum?
> CoWSwap’s research shows MEV Blocker consistently delivers the best swap execution, offering up to 9 bps more output than Merkle/Blink and 21 bps more than Flashbots per swap👇
Source: https://x.com/CoWSwap/status/1936019952370438317
Betting Markets Split 50/50 on U.S. Strike Against Iran Before July 1
> Trump said he'll be deciding on Iran "in the next two weeks." i.e 12 days are left. Betting markets now 50/50 chance on U.S. strike before July 1
Source: https://x.com/biancoresearch/status/1936446963089658194?s=52&t=txFAbiSPTdLLDlAYj9X_AA
June 20th Rollup
🐚 Research and Ideation 💡
- DWFVentures: PumpFun Token Sale: Retail’s Golden Opportunity or Downfall?
- Pluis Console: The $50M Crypto Scam Nobody Is Talking About
- Castle Labs: Introducing EigenCloud - Enter the Verifiable Cloud Era
- Flashbots: Extending Sandboxes to New MEV Types
- Solana Network Health Report: June 2025
- The Numismatica: The Edges of the Machine
- Marco Manoppo: Hyperliquid’s Money Market & LST Landscape
- Artemis: Understanding the Risk of Coinbase After Circle's Successful IPO
- proofofnathan: The Stablecoin Value Accrual Stack.
- Adam_Tehc: Who Actually Benefits from Pump Creator Fees?
🐚 News 📕
- Reddit in Talks to Embrace Sam Altman’s Iris-Scanning Orb “World ID” to Verify Users
- Coinbase Secures EU MiCA Licence
🐚 Raises 💰
- Cluely Secures $15M fundraise, led by A16z.
The Stablecoin Value Accrual Stack.
Stablecoin value accrues through four layers:
> Issuers
> Chains
> DeFi infrastructure
> B2B/B2C user experiences.
> Issuers win most, Tether generated nearly $14 billion in revenue from the US Treasuries it holds.
Source: https://x.com/proofofnathan/status/1936080612944666637?s=46&t=2q9OLMlaobNlHLewOXT4uA
Hyperliquid’s Money Market & LST Landscape
> The post explores how Hyperliquid is expanding beyond perps into DeFi money markets and liquid staking, now managing over $1.1B in TVL across lending and yield protocols.
> It examines how Hyperliquid leverages its trading infrastructure and liquidity to offer competitive lending, borrowing, and staking solutions.
Source: https://x.com/ManoppoMarco/status/1935550903580508443
Institutional Wallet Deposits $10M USDC to Hyperliquid, TWAPs into 300K HYPE (~$10M)
Source: https://hypurrscan.io/address/0xdc50cfc6319736c25784c12a96b4acec686d139c
Solana Network Health Report: June 2025
This report combines the Validator Health Report & Network Performance Report, and serves as an update on the network and ecosystem as a whole.
> $1B+ in app revenue for two straight quarters
> 3,200+ monthly active developers
> ~$800M in quarterly validator REV
> Processing ~1,100 TPS vs Ethereum (14)
> Solana was the #1 chain for new devs in 2024
> Improved economic health of validators👇
https://solana.com/news/network-health-report-june-2025#executive-summary
Source: https://x.com/solana/status/1936069392514846772
Castle Labs: Introducing EigenCloud - Enter the Verifiable Cloud Era
> This article introduces EigenCloud, EigenLayer’s native “verifiable cloud”, promising cloud-grade flexibility without sacrificing crypto’s verifiability.
> It makes it easier to build powerful & trustworthy applications, which is a key catalyst in expanding the design space for a truly verifiable economy.
This report covers:
> The programmability dilemma for builders
> How Eigencloud bridges the gap
> Concrete use cases & the role of the EigenCloud token within the broader EigenLayer stack👇
Source: https://x.com/castle_labs/status/1935337599079518295
The $50M Crypto Scam Nobody Is Talking About
Breakdown of a $50M OTC crypto scam involving major tokens like SUI & NEAR, affecting VCs, KOLs, and whales.
> In Nov 2024, VCs & private pools began sharing seemingly legit Tier-1 OTC deals on Telegram.
> Early “discount” OTC deals on Telegram delivered real tokens, building investor trust
> By February 2025, the scheme expanded to hot tokens like SUI, NEAR, Axelar, and SEI
> Warnings from Industry leaders in May 2025 were largely ignored.
> The scheme collapsed in June 2025 when token distributions stopped and excuses piled up.
> On June 19, the leading VC group behind the deals, Aza Ventures announced they’ve been scammed.
> They alleged that their primary dealer, known as “Source 1,” had been running a Ponzi scheme.
> Alleged mastermind “Source 1” is reportedly the founder of a project currently listed on Binance.
> The total amount stolen is estimated to exceed $50M, numerous investors committed over $1M each.
> The incident shows the dangers of unregulated OTC trading especially within Telegram and Discord
Source: https://console.pluid.com/article/the-50m-crypto-scam-nobody-is-talking-about-j1v6nnvxfn
June 19th Rollup
🐚 Research and Ideation 💡
- 0xPrismatic: Decentralized Training: Team Summary
- Thiccy: The Silk Pajamas Effect
- Sequoia: Why AI Labs Are Starting to Look Like Sports Teams
- Four Pillars: Spark: Active Capital Allocator for DeFi
- Presto Research: Crypto Treasury Companies: Is It A Bubble?
- ASXN: Dune Dashboard for Plasma Deposit Program
- Predicate x Paxos: Risk Management Framework for Institutional Liquidity on Uni V4
- Nic Carter: On Cryptodollarization
🐚 News 📕
- Trump says Fed Chair "Jerome Powell is Costing Our Country Hundreds of Billions of Dollars."
- SOL Strategies Files Form 40-F Registration Statement with the SEC
- Semler Scientific® Unveils 3-Years Plan to Acquire 105,000 Bitcoins by Year-End 2027.
🐚 Project Updates 🔔
- X to Offer Investment and Trading in ‘Super App’ Push
- Binance Wallet Introduces Meme Rush
- Jupiter Mobile Introduces ‘Radar’
- Jupiter DAO Votes Paused Until 2026 to Prioritize Product and Community Growth
- SOON Launches the SOON Acceleration Incentive Program
- LaserStream: Highly Configurable Low-latency Data Streams for Solana
- JupSOL is Now Live on Fragmetric
- Skywork Super Agents: The Next Era of AI Workspace
Semler Scientific® Unveils 3-Years Plan to Acquire 105,000 Bitcoins by Year-End 2027.
Source: https://ir.semlerscientific.com/news-releases/news-release-details/semler-scientificr-appoints-joe-burnett-director-bitcoin
Cryptodollarization: The Emerging Market Story
> Nic argues “stablecoins are being unleashed as an economic weapon to dollarize the rest of the world and help reset the US fiscal position”.
> “Cryptodollarization”—enabling rapid, borderless dollar adoption in weak economies through stables
> Stablecoin settlement grew through the bear market, with $4.96 trillion settled in the last year
> A survey of crypto users in 2024 in Indonesia, India, Nigeria, and Turkey shows aside trading in crypto, most use stables to save money in dollars
> 55% of Turkish crypto users say they are motivated to use stables due to yield opportunities
> 64% of Nigerians, 40% of Brazilians, and 46% of Indians polled use stables to save in USD
> Most prefer USDT to other stables due to network effects, trust, and liquidity
> Nigerians had more frequent usage, more stables in their portfolios, higher stablecoin favorability, a signal they may be undergoing crypto-dollarization
https://niccarter.info/wp-content/uploads/token2049_2024_ncarter_revised.pdf
Source: https://x.com/nic__carter/status/1935414182368674242
On U.S. Involvement in the Iran–Israel War
> That U.S. strikes aim to deter Iran from closing the Strait of Hormuz, not pursue regime change.
> Continued Israeli bombing despite achieving nuclear objective could develop into a bigger issue
> There could full regime change if the strait is blocked.
Source: https://x.com/theshortbear/status/1936756505874686051
June 21st Rollup
🐚 Research and Ideation 💡
- Stanford University: Future of Work with AI Agents
- CoWSwap: Which RPC Gives You the Best Swap Prices on Ethereum?
🐚 News 📕
- Trump Confirms Successful Strikes on Iran’s Fordow, Natanz, and Esfahan Nuclear Sites
🐚 Project Updates 🔔
- Sheet Hater Bot: Telegram Agent that Applies to Events Based on Your Interests
Trump Confirms Successful Strikes on Iran’s Fordow, Natanz, and Esfahan Nuclear Sites
Source: https://x.com/DegenerateNews/status/1936572206244577483
Stanford University | Future of Work with AI Agents: Auditing Automation and Augmentation Potential Across the U.S. Workforce
> This paper presents an auditing framework to assess which job tasks workers want AI agents to automate or augment, using interviews and a new Human Agency Scale (HAS) to quantify desired human involvement in AI-agent-supported work.
> By analyzing 844 tasks across 104 occupations, it maps alignment between human preferences and AI capabilities to guide responsible AI integration.
> Analysis shows domain workers generally express positive attitudes toward AI agent automation, particularly for repetitive and low-value tasks👇
https://arxiv.org/pdf/2506.06576
Source: https://x.com/omarsar0/status/1936134951520682123
Sheet Hater Bot: Telegram Agent that Applies to Events Based on Your Interests
> Runs privately via TEE powered by Marlin.
> You get daily updates on what it applies to.
> No email or spreadsheet access needed.
👉 /channel/SheetHaterBot
Source: https://x.com/SheetHater/status/1936406420972286427
Artemis: Understanding the Risk of Coinbase After Circle's Successful IPO
> The post analyzes Coinbase's valuation and strategic positioning following Circle’s IPO, arguing it captures only a fraction of USDC’s upside and faces shrinking exchange fees, ETF competition, DEX pressure, and diminishing moat👇
Source: https://research.artemis.xyz/p/understanding-the-risk-of-coinbase
Who Actually Benefits from Pump Creator Fees?
This post analyzed and categorized all the top 100 highest-earning Pumpfun creators so far to see exactly where the creator fees have been going.
> Analysis shows ~50% of creator fees goes to genuine creators & 43.9% goes to serial deployers.
> Highest earning creator has claimed 862.4 SOL by deploying 125 tokens per day.
> Dashboard showing highest earning creators: https://dune.com/adam_tehc/pumpswap
Source: https://x.com/Adam_Tehc/status/1936291697866297567
The Edges of the Machine
The post explores how AI’s greatest power lies not in intelligence but in fluency—its ability to influence through language that feels human, even when it's wrong.
> “The real power of AI isn’t in speed or automation. It’s in suggestion.”
> “When it speaks fluently, we believe it. Even when it’s wrong.”
> “The moment we stop debugging and start assigning it intention, The game changes”
> “The Interface becomes Influence”
Source: https://ishita7077.substack.com/p/the-edges-of-the-machine?triedRedirect=true
A16z Announces Investment in Cluely
> Cluely, an undetectable AI that sees your screen, hear your calls, and feeds you answers in real time.
> An AI-powered desktop assistant that delivers real-time support in meetings, customer support calls, project brainstorming sessions, and more.
> “We see real opportunity in Cluely’s vision to pioneer a new category of proactive, multimodal AI assistants”
x.com/cluely/status/1936138485494432205
Source: https://a16z.com/announcement/investing-in-cluely/
Flashbots: Extending Sandboxes to New MEV Types
> The article proposes “ephemeral” TEE sandboxes to support new MEV types by using execution environments that can be quickly reset to prevent searchers from building up sensitive knowledge and prevent sandwich attacks.👇
Source: https://collective.flashbots.net/t/extending-sandboxes-to-new-mev-types/5018
Reddit in Talks to Embrace Sam Altman’s Iris-Scanning Orb “World ID” to Verify Users
> World ID could soon become a way for Reddit users to verify that they are unique individuals while remaining anonymous on the platform.
Source: https://x.com/semafor/status/1936089373667119422
Coinbase Has Secured EU MiCA Licence from the CSSF in Luxembourg
> This will enable Coinbase offer full suite of crypto products to all 27 EU member states.
Source: https://www.coinbase.com/blog/coinbase-secures-mica-licence-a-milestone-in-europes-crypto-evolution
PumpFun Token Sale: Retail’s Golden Opportunity or Downfall?
Analyzing whether the $4bn Pumpfun token sale is an opportunity or a risky bet?
> While $PUMP token sale gives retail access to a leading, high-revenue platform, it carries significant TGE volatility risk.
>A $400M airdrop may boost liquidity but also risks heavy retail losses.
> This post consider the bull and bear arguments, pre-market behavior and valuation comparisons.👇
Source: https://x.com/DWFVentures/status/1935982027876213194
Source: https://niccarter.info/wp-content/uploads/token2049_2024_ncarter_revised.pdf
Читать полностью…
Skywork Super Agents: The Next Era of AI Workspace
> Skywork turns simple input into multimodal content - docs, slides, sheets with deep research, podcasts and webpages.
> Perfect for analysts creating reports, educators designing slides, or parents making audiobooks.
> It has smart formatting, visual expressiveness, editable outputs, and multi-format export.
👉 https://skywork.ai/
Source: https://x.com/Skywork_ai/status/1935319358173233400