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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
JupSOL is Now Live on Fragmetric
> Users can now (re)stake jupSOL into fragSOL
Source: https://x.com/fragmetric/status/1935699141554004291
SOON Launches the SOON Acceleration Incentive Program in Collaboration with Eigenlayer
> The program will unlock 349,800 $EIGEN to supercharge LST/LRT adoption on SOON.
> All developers and community members are invited to participate in this campaign
> Bridge supported assets onto SOON Mainnet, earn EIGEN, cut DA costs with EigenDA, and more
Source: https://x.com/soon_svm/status/1935729310222225616
Dune Dashboard for Plasma Deposit Program
Covering deposits, depositors and other metrics.
👉 https://dune.com/asxn_research/plasma-vault-deposits (by ASXN)
Source: https://x.com/asxn_r/status/1935768755461931221
Jupiter DAO Votes Paused Until 2026 to Prioritize Product and Community Growth
> Active Staking Rewards are extended through 2025 and open to all stakers.
Source: https://x.com/jup_dao/status/1935729095582601448
Jupiter Mobile Introduces ‘Radar’: Get Real-Time Alerts from dApps You Love.
> Radar provides an aggregated feed for all things solana, right inside Jupiter Mobile.
> Already supports 10 different dApps & protocols
You receive notifications when:
> You qualify for a new airdrop
> Your DLMM position is out of range
> There’s a new Jupiter or Jito vote, and more👇
Source: https://x.com/jup_mobile/status/1935685655398334556
June 18th Rollup
🐚 Research and Ideation 💡
- 0xinfra: Rethinking Liquid Token Valuations: The Raydium Case Study
- blendino: Attention vs. Social Capital Markets
- Polymarket Analytics: Explore Prediction Markets Across Polymarket, Kalshi, and Limitless
- ZachXBT: Iranian Crypto Exchange Nobitex Seemingly Exploited for over $80 Million
- Theia Research | Token Transparency Framework: A Credible Signal for Token Markets
- Blockworks: Token Transparency Framework
- a16z: 6 Use Cases for DePIN
- DL Research: The Return of Uncollateralised Lending in Crypto
- Polyhedra: ZKJ Token Price Crash Initial Report
- venturetwins: AI Video Generation Map
- Pantera: The End of Crypto’s Information Dark Age
- Scott Bessent on Crypto
🐚 Podcast 🎙️
Unchained Podcast: Arthur Hayes and Hanson Birringer on Hyperliquid’s Success and Dangers
🐚 Project Updates 🔔
- OpenHands CLI: A New Way to Use Software Development Agents Directly from Your Terminal.
- Fellow: A Global Router for Your Financial Life.
- Coinbase Introduces ‘Coinbase Payments’
- RISC Zero Patches Critical rv32im Constraint Bug
- Jump Crypto Reintroduces Itself
- OpenAI Rolls Out Record Mode
🐚 Raises 💰
- Lion Group (LGHL) Secures $600M to Support the Launch of its HYPE Treasury
X to Offer Investment and Trading in ‘Super App’ Push - Per Financial Times
Source: https://x.com/DegenerateNews/status/1935672201497460840
The OpenAI Files: Huge Repository of Information About OpenAI and Altman
> Explosive claims about Sam Altman, ranging from false SEC filings and undisclosed equity stakes to toxic leadership, regulatory manipulation, and internal dissent over AGI leadership.👇
Source: https://x.com/robertwiblin/status/1935353770981884022?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Thiccy: The Silk Pajamas Effect
“It’s tough to get out of bed to do roadwork at 5am when you’ve been sleeping in silk pajamas”
> Thiccy discuss how he wrestles with the “silk pajamas effect,” realizing comfort blunts the drive that once fueled 16-hour trading days.
> Drawing lessons from NBA veterans, he plans to shift from raw grind to seasoned craft, resting now but waiting for hunger to return before re-entering the arena.
> “Athleticism fades, the diet slips, weight creeps in, and injuries become inevitable.”
> “The denial of your reduced athleticism prevents you from reinventing your game in the offseason”
Source: https://x.com/thiccyth0t/status/1935546417314963857
OpenAI Rolls Out Record Mode to Pro, Enterprise, and Edu Users
> Capture any meeting, brainstorm, or voice note.
> ChatGPT will transcribe it, pull out the key points, and turn it into follow-ups, plans, or even code.
Source: https://twitter.com/OpenAI/status/1935419375600926971
Treasury Secretary Scott Bessent on Crypto
> “Crypto is not a threat to the dollar. In fact, stablecoins can reinforce dollar supremacy.”
Source: https://x.com/SecScottBessent/status/1935404649718157691
RISC Zero Patches Critical rv32im Constraint Bug
> This bug affects all 3-register RISC-V ops on risc0-zkvm 2.0.0-2.0.2. Reported via bug bounty program & $50K bounty was paid as it was ‘critical’
> “The issue has been patched and all partners have been migrated over to 2.1.0.”
Source: https://x.com/RiscZero/status/1935404812146725042
The End of Crypto’s Information Dark Age: Introducing the Token Transparency Framework
> Crypto is emerging as a serious asset class, but lacks standardized transparency and reporting mechanisms critical for sound capital allocation
> Just as public companies adhere to standardized financial reporting, token-based protocols need consistent disclosure standards.
> The Token Transparency Framework addresses critical transparency gaps. It legitimizes tokens as a genuine alternative to traditional equity structures
Source: https://panteracapital.com/the-end-of-cryptos-information-dark-age/
Polyhedra: ZKJ Token Price Crash Initial Report
> An analysis of the 80% crash of ZKJ on June 15, 2025, driven by a coordinated on-chain liquidity attack, large Wintermute CEX deposits, and cascading liquidations.
> This report summarizes key verified on-chain activities and market dynamics leading to the crash.👇
Source: https://twitter.com/polyhedrazk/status/1934693057267683726?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Lion Group (LGHL) Secures $600M to Support the Launch of its HYPE Treasury
Source: https://www.sec.gov/Archives/edgar/data/1806524/000121390025055423/ea024612201ex99-1_lion.htm
Helius Unveils LaserStream: Highly Configurable Low-latency Data Streams for Solana
> LaserStream is a fast & reliable way of streaming Solana blocks, txns, and account data via gRPC.
LaserStream comes with:
> 8 global endpoints
> 250k accounts per stream
> Optimized shredstream
> Historical replay & persistence
> Works with existing gRPC code
> Powered by many redundant node clusters
Source: https://x.com/heliuslabs/status/1935400280176415165
Predicate x Paxos: Risk Management Framework for Institutional Liquidity on Uniswap V4
> This paper outlines a Uni V4 hook framework powered by Predicate for regulated institutions to deploy onchain liquidity pools on Uniswap.
> Predicate enables institutions to define and enforce policies for swaps and liquidity provisioning, necessary to meet business, legal, and regulatory requirements.
> This paper also provides a case study of the Predicate Institutional Hook used by Paxos for their asset Lift Dollar (USDL).👇
predicate.io/blog/risk-management-framework-for-institutional-liquidity-on-uniswap-v4
Source: https://x.com/0xPredicate/status/1935390536782717257
SOL Strategies Files Form 40-F Registration Statement with the SEC
> This marks an important step towards their potential Nasdaq listing under the symbol STKE.
Source: https://solstrategies.io/sol-strategies-files-form-40-f-registration-statement-with-the-sec/
Presto Research: Crypto Treasury Companies: Is It A Bubble?
> Inspired by MSTR's success, over 30 Crypto Treasury Companies (and counting) have emerged globally in the past 6 months, reminiscent of another ‘gold rush.’
> This rapid rise of CTCs has sparked fears that their leveraged crypto positions could cause cascading selling pressure in a bear market, echoing past collapses like Celsius or Terra.
> This article argues CTCs do not fundamentally alter the market’s risk profile, and that the greatest challenge lies in managing the unpredictability of one’s own cash flow requirements.
Source: https://www.prestolabs.io/research/crypto-treasury-companies-is-it-a-bubble
Trump says Fed Chair "Jerome Powell is Costing Our Country Hundreds of Billions of Dollars."
Source: https://x.com/KobeissiLetter/status/1935700946270785909
: : Spark: Active Capital Allocator for DeFi
This article introduces the Spark Protocol, which presents an on-chain capital allocator optimized for the evolving financial landscape of DeFi
> Spark’s vision is to address the inefficiencies of traditional banking and the scalability constraints of existing DeFi money markets, positioning itself as the most advanced on-chain yield engine.
> It operates the Spark Liquidity Layer (SLL), which automates asset allocation, and SparkLend, a low-cost, high-liquidity lending market.👇
Source: https://x.com/FourPillarsFP/status/1935623143818994169
Sequoia: Why AI Labs Are Starting to Look Like Sports Teams
> “With compute more abundant, talent is the new bottleneck in AI. Star players are signing pay packages that resemble those of professional athletes.”👇
Source: https://www.sequoiacap.com/article/why-ai-labs-are-starting-to-look-like-sports-teams/
Binance Wallet Introduces Meme Rush
> A new feature that provides users with early insight into the latest meme coins sourced from external meme coin launch platforms.👇
Source: https://www.binance.com/en/support/announcement/detail/88a76504bdc045cabd9b7e14ef336540
Overview of Teams Training Billion-Parameter AI Models on Distributed Computers Globally
Source: https://x.com/0xPrismatic/status/1935506575122452921
DeFi's Last Missing Piece
> Until onramps are fixed, DEXes won’t rival the convenience of CEXes like Coinbase or Robinhood.
> Fiat onramps are slow, costly, and unreliable
> Cards onramp failures now at ~80%, causing over 90% user drop-off at the fiat onramp stage.
> This piece explores why Web2 onramps work, why crypto onramps still don’t, and what a new generation of integrated DeFi apps can do to finally close the loop.👇
Source: https://x.com/0xArnav/status/1935329157543817271
Jump Crypto Reintroduces Itself as Builders of Critical Crypto Infrastructure.
More than just a crypto trading firm
> Jump is behind major infrastructure projects like: Pyth, Wormhole, Firedancer, and DoubleZero
Why coming out now?
> “it’s about policy catching up.”
> “We are now in an environment where policymakers and regulators are open to engaging with the industry on the promise of crypto.”
Source: https://jumpcrypto.com/reintroducing-jump-crypto/
Coinbase Introduces ‘Coinbase Payments’
> Coinbase Payments is a stablecoin payments stack designed for commerce platforms.
> Offer instant, 24/7 USDC payments to merchants globally, securely & without blockchain complexity.
> Built on Base and already live with Shopify👇
Source: https://www.coinbase.com/en-br/blog/powering-the-future-of-ecommerce-introducing-coinbase-payments
AI Video Generation Map
> Covers text-to-video and image-to-video companies + those that make characters talk.
Source: https://x.com/venturetwins/status/1935367302834495832?s=46&t=ywALktyM5ZCyt-zigN5Big
DL Research: The Return of Uncollateralised Lending in Crypto - A Sector of Risk and Reward
> After collapsing in 2022, uncollateralised lending in DeFi is quietly making a comeback with with new protocols like Wildcat & 3Jane introducing stronger credit structures.
This report explores:
> The return of uncollateralised lending in DeFi
> The failures of earlier models
> The evolution in protocol architecture
> How platforms like Wildcat and 3Jane offer early indications of a more sustainable approach.👇
Source: https://assets.dlnews.com/dlresearch/DL_Research_Report_The_Return_of_Uncollateralised_Lending_in_Crypto.pdf
Fellow: A Global Router for Your Financial Life.
> Fellow lets you move money between any wallet, bank, or app, all with immediate settlement via text.
> It lets users send & receive funds directly via the messaging apps they already use + p2p by design.
> Send Apple Pay to Coinbase or Phantom to your bank seamlessly via text👇
Source: https://x.com/joshlitchman/status/1935363460495213040?s=52&t=txFAbiSPTdLLDlAYj9X_AA