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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
X Rolls Out “About This Account” Globally with Country/Region Visibility
> Lets you see the country/region an account is based. Tap the signup date on the profile to access
Source: https://x.com/nikitabier/status/1992335925322613127
Aerodrome, Velodrome Hit With Front-End Compromise, Urge Users to Avoid Main Domains
> Aerodrome and Velodrome has suffered a front-end compromise early Saturday morning, and urged users to use decentralized mirror links to access the platforms.
Source: https://www.theblock.co/post/380037/top-dexs-aerodrome-velodrome-hit-with-front-end-compromise-urge-users-to-avoid-main-domains?utm_source=twitter&utm_medium=social
To See Tether’s Future, Look at Its Investments
Tether consistently follows a strategy of:
- Securing trust through Bitcoin and gold
- Strategic expansion across every continent in the world
- Improving retail and institutional accessibility through services and products.
> This article reviews 20 companies recently invested in by Tether and examines Tether’s strategy for building a digital financial empire.👇
Source: https://x.com/100y_eth/status/1992206548765159739?s=20
November 21st Rollup
🐚Research & Ideation💡
- Greenfild Research: Do Fundamentals Drive DeFi Valuations?
🐚News & Markets📰
- Strategy Faces Risk of Removal From Benchmark Indices Like MSCI USA
- Michael Saylor Responds to MSCI Index Situation
🐚Project Updates🔔
- Kaito AI Launches Verifiable Mindshare Markets on Polymarket
- Maple Finance: Statement Regarding Recent Claims by CORE Foundation
Aerodrome: "We Are Investigating a Potential DNS Hijacking"
> "Please do not use our primary domain as we investigate."
Source: https://x.com/AerodromeFi/status/1992073060615377291
Do Fundamentals Drive DeFi Valuations?
Analyzing Evolving Market Efficiency with Random-Forest Models (2021–2025)
Takeaway: “DeFi is evolving into an internet-native financial system where value discovery increasingly mirrors equities, anchored in fundamentals.”
> “Narratives fade, fundamentals rise.”👇
Source: greenfieldcapital.com/wp-content/uploads/2025/11/202511_Greenfield_DeFi_Fundamentals_Report.pdf
Strategy Faces Risk of Removal From Benchmark Indices Like MSCI USA and Nasdaq 100
> MSCI said in an Oct. 10 statement that some market participants view Digital asset treasury companies as similar to investment funds, which aren’t eligible for index inclusion.
> MSCI is proposing to exclude from its Global Investable Market Indexes any company whose Digital asset holdings make up 50% or more of total assets.
Source: https://www.bloomberg.com/news/articles/2025-11-20/michael-saylor-s-strategy-risks-losing-billions-in-index-flows?utm_source=chatgpt.com
November 20th Rollup
🐚Research & Ideation💡
- Ray Dalio: The Big Dangers of Big Bubbles with Big Wealth Gaps
🐚News & Markets📰
- Jesse Pollak Launches $jesse Creator Coin
- Arkham: Snipers Made $1.3M on Pollak’s Creator Coin
- Metaplanet Launches Mercury Class B Perpetual Preferred Equity
🐚Project Updates🔔
- USDAI Integrates with Coinbase Prime
- FUSE: Fair Unlock & Secured Emissions
- Coinbase: ETH-Backed Loans are Now Live on Coinbase.
- MegaETH Introduces USDC→USDM Pre-Deposit Bridge
- Nillion Blames Unauthorized Market Maker Sell-Off for Yesterday's NIL Crash
🐚Raises💰
- HelloTrade Announces Completion of 4.6M Seed Funding Round
🐚 Artificial Intelligence🤖
- OpenAI Introduces Group Chats in ChatGPT
Coinbase to Acquire Solana Trading Platform Vector.fun
> “The deal is expected to close by the end of the year” - Max Branzburg, Coinbase’s vice president of product management
Source: https://fortune.com/2025/11/21/coinbase-buys-solana-vector-fun-acquisition-spree/
Securitize is Bringing Institutional-Grade Assets to Plume’s Nest Staking Protocol.
> Securitize assets will be available natively within Nest vaults, giving Plume users access to institutional-grade funds
Source: https://x.com/Securitize/status/1991527145907318961
Snipers Made $1.3M on Pollak’s Creator Coin
> When Jesse Pollak launched his creator coin, half the supply went to liquidity, and 26% was instantly bought in the same block.
> The top snipers profited $707.7K and $619.6K respectively
Source: https://x.com/arkham/status/1991626505794052255/photo/1
Metaplanet Launches Mercury Class B Perpetual Preferred Equity to Scale Bitcoin Treasury
> 4.9% fixed dividend. ¥1,000 conversion price.
Source: https://x.com/gerovich/status/1991446280187572504
The Big Dangers of Big Bubbles with Big Wealth Gaps
This piece discuss:
> The important difference between wealth and money
> How that drives bubbles and busts
> How that dynamic, accompanied by big wealth gaps, could prick the bubble and lead to a bust that is socially and politically disruptive as well as financially disruptive.
Source: https://x.com/RayDalio/status/1991500536856576200
HelloTrade Announces Completion of 4.6M Seed Funding Round, Led by Dragonfly Capital.
> Founded by former BlackRock crypto leaders
> Built on MegaETH, HelloTrade aims to let users everywhere gain leveraged exposure to stocks, ETFs, commodities, and crypto.👇
Source: https://x.com/hellotradeapp/status/1991496917919101388
MegaETH Introduces USDC→USDM Pre-Deposit Bridge, Opening on Tuesday, November 25th
> Deposits will be capped to $250 million.
> Pre-deposit bridge deposits will be used to mint USDm via smart contracts
> Pre-depositors will get consideration towards the Rewards Campaign.
Source: https://x.com/megaeth/status/1991518377106342097
Monad $MON Token Sale on Coinbase Has Concluded
> $269M committed by 85,820 participants
> Mainnet to launch on Monday
Source: https://x.com/monad/status/1992423225549263355
MEXC Introduces New Risk-Control Framework to Strengthen Fairness and Transparency
> Balanced Progress for Advanced Trading
> Independent Reviewers and Oversight
> Enhanced Support and Communication
> Fairness and Continuous Improvement
Source: https://x.com/MEXC_Official/status/1991855197145161952
Ethena Labs Partners with Hyperliquid HIP-3 Deployer Nunchi
> Nunchi is building yield-based perpetuals for markets like RWA rates,ETH staking yield, and more
> A portion of Nunchi’s revenue will support the Ethena ecosystem, with a possible future airdrop.
> Nunchi will also be launching all of its initial markets with USDe as the quote asset
Source: https://x.com/ethena_labs/status/1991883683956170810
Messari | Leverage on Prediction Markets is Possible: Here's How to Realistically Do It
> Leverage on prediction markets is hard because one jump can nuke a lender's capital
> Lenders must pass that risk back to traders by charging them a fair, upfront fee
> This piece break down how to price that risk and compute the fair upfront fee👇
Source: https://x.com/Kaleb0x/status/1991947221072249023
Statement from Maple Finance Regarding Recent Claims by CORE Foundation
> “We reject these statements in the strongest terms. They misrepresent Maple’s conduct and the nature of our relationship with CORE.”
> Maple denies CORE’s allegations and is pursuing legal remedies to ensure Maple is fully vindicated.
> Cayman Islands Court has granted injunction against Maple Finance over alleged breach of commercial agreements👇
Core Foundation Statement: https://x.com/Coredao_Org/status/1991171121534636264
Source: https://x.com/maplefinance/status/1991886803092091268
Michael Saylor Responds to MSCI Index Situation
> "Strategy is not a fund, not a trust, and not a holding company. We’re a publicly traded operating company with a $500 million software business and a unique treasury strategy that uses Bitcoin as productive capital"
Source: https://x.com/saylor/status/1991875241107222701
Kaito AI Launches Verifiable Mindshare Markets on Polymarket
> This allow anyone, anywhere to predict mindshare, sentiment, and popularity for anything.
Source: https://x.com/KaitoAI/status/1991839459323609270
Coinbase is Acquiring VECTOR.FUN, An Onchain Trading Platform Built on Solana
> Vector’s technology will be integrated into Coinbase consumer trading experience to give users broader access to onchain markets.
> Coinbase is only acquiring Vector. The Tensor Foundation will remain independent from Coinbase.
Source: https://www.coinbase.com/en-fr/blog/Coinbase-to-acquire-Vector-expanding-support-for-the-Solana-trading-ecosystem
Bybit to List Monad $MON on Spot Market
Source: https://x.com/Bybit_Official/status/1991809285366460761?s=20
OpenAI Introduces Group Chats in ChatGPT
> With group chats, you can bring friends, family, or coworkers into a shared space to plan, make decisions, or work through ideas together.
> Rolling out to all logged-in users on ChatGPT Free, Go, Plus and Pro plans.
Source: openai.com/index/group-chats-in-chatgpt/
Jesse Pollak Launches $jesse Creator Coin
Source: https://x.com/jessepollak/status/1991552902952022308
USD.AI Integrates with Coinbase Prime for Institutional GPU-Backed Credit Access
> Prime will become part of the standard workflow for borrowers entering the USD.AI credit system.
Source: https://x.com/USDai_Official/status/1991577163930431867
ETH-Backed Loans are Now Live on Coinbase.
> Users can now borrow USDC against their Ethereum, unlocking liquidity without selling.
> Powered by Morpho.
Source: https://x.com/coinbase/status/1991523378554105980
FUSE (Fair Unlock & Secured Emissions): A Structural Fix to Broken Token Launches
Traditional token launches fail due to structural misalignment, predictable dilution, and insider advantage
> FUSE is a new token launch mechanism where communities participate on their terms, not on forced unlocks or dump cycles. A new mechanism that makes rugging mathematically impossible.
> FUSE protects community capital, forces builders to bear real risk, and replaces vesting with redeemable, stablecoin-backed tokens.👇
Source: https://x.com/therosieum/status/1991460552434925865?s=20
Nillion Blames Unauthorized Market Maker Sell-Off for Yesterday's NIL Crash
The NIL token crashed over 40% in the last 24hrs
> A market maker sold NIL tokens without legal authorization from the Nillion Association
> The team has begun buying back the tokens that were sold, and all accounts and wallets associated with this incident are now frozen.
Source: https://x.com/nillion/status/1991506274953863293