M31 Capital

This week, A16Z’s crypto policy head Bryan Quintenz was picked by Donald Trump to lead the CFTC, signaling a shift towards crypto-friendly regulation and oversight. Robinhood released their Q4 earnings, reporting a 700% YoY increase in revenue from crypto products. SEC regulators acknowledged Grayscale’s applications for XRP and DOGE ETFs, starting a 240-day federal review period. In large caps, BTC ETFs saw 4 straight days of net outflows this week totalling over $650M in BTC sold. ETH underperformed BTC this week despite ETFs seeing multiple days of net inflows. BNB outperformed, surpassing SOL in market cap amidst increased memecoin activity. In the DeFi sector, World Liberty Financial partnered with Ondo Finance to integrate tokenized RWAs into the WLFI treasury. In the Web3 sector, AO officially launched their mainnet after a year of testnet, introducing the Permaweb Index to provide investment exposure to the broader AO ecosystem.. Follow M31 Capital for more insights!

This week, Tether.io released their Q4 attestation report, with $6bn in profit for Q4 and $13.7bn in profit throughout 2024. MicroStrategy bought 10,107 BTC for $1.1bn, as their total BTC holdings approaches 500k. KuCoin pleaded guilty to operating an unlicensed money transmission business in the US. In large caps, BTC traded between $99k and $105k this week, with $387.1M in net ETF inflows. ETH ETFs saw over $110M in net inflows, trading around $3100 throughout the week. SOL and DOGE both underperformed and saw a decrease in week-over-week trading volumes. In the DeFi sector, Jupiter Exchange burned 30% of the JUP supply and announced that 50% of protocol fees will be used for JUP buybacks. In the Web3 sector, Venice AI introduced the VVV token on Base, which was airdropped to over 100,000 users and listed on Coinbase. Follow M31 Capital for more insights!

??M31 Capital's 2024 Annual Letter is LIVE! Our deep dive into the top highlights of the year from the BTC Election, Web3xAI, the rise of Web2 L2s, DePIN, DeFi, and more. Read our Annual Letter for our insights on 2024 and the outlook for 2025! ?? Read the report here: https://lnkd.in/dVbPx-af

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President Trump signed his first crypto executive order this week, creating a working group headed by David Sacks to promote stablecoins and develop a national digital asset stockpile. The SEC also launched a crypto task force headed by Commissioner Peirce to establish a clear regulatory framework. Trump fully pardoned Silk Road founder Ross Ulbricht after serving over 11 years in prison. In large caps, BTC reached a new all-time high over $108k on Monday morning, with over $2.3bn in net ETF inflows over the last four trading days. SOL outperformed significantly with heightened attention and DEX volumes driven by the TRUMP memecoin launch. In the DeFi sector, Chainlink Labs partnered with the BX Swiss stock exchange to bring pricing data for Swiss-based equities onchain. In the Web3 sector, The SEC filed a lawsuit against the Helium network creators, alleging that Helium Hotspots were sold as unregistered securities. . Follow M31 Capital for more insights!

M31 Capital is hiring a Web3 Investment Analyst - M31 Academy 2025 Internship Program Description:?M31 Capital is seeking ambitious and intellectually curious individuals for the 2025 M31 Academy Summer Internship Program in Doha, Qatar. As an Academy Analyst, you will work with our investment team to identify and research high-potential projects across the AI & Blockchain sectors. Responsibilities: - Identify and diligence high-potential projects across the Al & Blockchain sectors - Experiment with cutting-edge products - Distill technical research and market data into investment memos - Present investment insights to the Investment Committee Skills: - Deep knowledge of crypto-economics and technical understanding of blockchain protocols - Strong interpersonal abilities, creative thinking, and a willingness to share individual perspectives - Advanced analytical skills for recognizing trends and synthesizing market data Benefits: - Luxurious room & board in a hotel penthouse suite - Fully stocked kitchen and 3 onsite restaurants - Access to premier Blockchain & AI events and team offsites - Highly competitive salary & potential full-time offer Apply Now: https://lnkd.in/dbnYXRdk

The crypto market rallied this week driven by positive market sentiment surrounding Trump’s inauguration and potential pro-crypto executive orders. Phantom announced a $150M Series C raise at a $3Bn valuation to accelerate crypto adoption and grow their wallet platform. SQD announced their official rebrand to SQD.AI, along with a multi-million dollar raise to accelerate their decentralized database solutions. In large caps, BTC surged past $102k as spot ETFs saw $887.3 in net inflows. ETH ETFs saw a 60% week-over-week increase in net inflows as ETH surpassed $3400. XRP surpassed all time highs, achieving record highs in OI and outperforming the market.? In the DeFi sector, Coinbase launched Bitcoin-backed loans for US users powered by Morpho Labs on Base. In the Web3 sector, Sony launched the mainnet of Soneium, following their testnet launch in August for the Optimism-based L2. Follow M31 Capital for more insights!

M31 Capital is hiring a Web3 Investment Analyst - M31 Academy 2025 Internship Program Description:?M31 Capital is seeking ambitious and intellectually curious individuals for the 2025 M31 Academy Summer Internship Program in Doha, Qatar. As an Academy Analyst, you will work with our investment team to identify and research high-potential projects across the AI & Blockchain sectors. Responsibilities: - Identify and diligence high-potential projects across the Al & Blockchain sectors - Experiment with cutting-edge products - Distill technical research and market data into investment memos - Present investment insights to the Investment Committee Skills: - Deep knowledge of crypto-economics and technical understanding of blockchain protocols - Strong interpersonal abilities, creative thinking, and a willingness to share individual perspectives - Advanced analytical skills for recognizing trends and synthesizing market data Benefits: - Luxurious room & board in a hotel penthouse suite - Fully stocked kitchen and 3 onsite restaurants - Access to premier Blockchain & AI events and team offsites - Highly competitive salary & potential full-time offer Apply Now: https://lnkd.in/eKD6nj3A

Uncertain macro conditions and rising 10Y rates caused both equities and crypto to sell off hard this week. Senator Cynthia Lummis was appointed to lead the Senate Banking’s first digital asset subcommittee. The US Department of Justice was officially cleared to liquidate over 69,000 BTC seized from the Silk Road marketplace. In large caps, BTC ETFs saw over $1.3Bn in net inflows over the last four trading days, despite over $550M in outflows on Wednesday. ETH ETFs saw $117.5M in net outflows this week, with ETH price briefly dipping below $3200. SOL pulled back below $200 this week, as memecoins and SPL tokens underperformed significantly. In the DeFi sector, Jito announced an upcoming 24-hour deposit cap removal for their restaking platform next week. In the Web3 sector, Phala Network launched Phala 2.0, introducing their L2 in partnership with Succint Labs and Conduit. Follow M31 Capital for more insights!

Just 3 weeks left to apply for M31 Academy 2025 Internship Program! Kickstart your journey in AI and Blockchain today. Apply Now: https://lnkd.in/e-xVDnKx