The Hivemind

Hosted by Delphi Media

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Aug 2026

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Delphi Digital's brightest minds - Jose, Yan, Ceteris, Jason & Kevin - banter about the biggest topics in crypto.

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31 recent

September 10, 20261 hr 21 min

Alt Season is Already Here

This week on Hivemind, the team breaks down the growing altcoin rally, why risk appetite is returning on-chain, and whether the current market can keep running without Bitcoin making a major move higher. They discuss the continued strength in HYPE, Zcash, Lighter and other winners, why this is becoming an alt-picker’s market, and how tokenized stocks are creating an entirely new speculative playground across Robinhood Chain and Solana. The conversation also covers FOMO and the rise of crypto-native social trading, the dangers of chasing increasingly speculative on-chain trades, whether ETH can benefit from the tokenization wave, and why taking profits may be the most important skill for surviving multiple crypto cycles. TIMESTAMPS 00:00:00 Intro 00:00:30 Bitcoin Flat, Alts Ripping 00:06:00 Is New Money Entering Crypto? 00:10:10 The Alt-Picker’s Market 00:13:20 Tokenized Stocks & the New On-Chain Meta 00:21:00 Can the On-Chain Mania Last? 00:43:15 ETH, HYPE & the Tokenization Trade 00:51:20 Taking Profits & Managing the Bull Market 01:07:30 What Could Kill the Rally? 01:16:30 VVV, OpenAI & Private Inference 🧠 Follow the Alpha ▸ Ceteris: ⁠https://x.com/ceterispar1bus⁠ ▸ Jason: ⁠https://x.com/3xliquidated⁠ ▸ Yan: https://x.com/YanLiberman ▸ Kevin: ⁠https://x.com/Kevin_Kelly_II ▸ Jose: ⁠https://x.com/ZeMariaMacedo Watch on Youtube: https://www.youtube.com/@Delphi_Digital 🔗 Connect with Delphi 🌐 Portal: https://delphidigital.io/ 🐦 Twitter: https://x.com/delphi_digital 💼 LinkedIn: https://www.linkedin.com/company/delphi-digital/ Disclaimer This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

August 27, 20261 hr 17 min

The Move No One Was Positioned For

This week on The Hivemind, the team breaks down why the latest rally may have real legs, how sidelined positioning and exhausted sellers helped fuel the move, and why the return of the debasement trade could mark a meaningful change in market regime. They discuss where to take risk if the bull market continues, whether consensus trades like HYPE and Zcash can keep outperforming, overlooked opportunities in Grass and Arrow, and why trying to get too clever with rotations can leave you behind. The conversation also covers Hyperliquid’s potential alt season, Zcash and Cypherpunk, whether NFTs could actually make a comeback, Robinhood Chain, and why the macro setup for Bitcoin may be the strongest it’s been in years. TIMESTAMPS 00:00:00 Intro 00:00:35 Is the Crypto Bull Market Back? 00:08:55 HYPE & the Next Alt Season 00:15:35 What Wins This Cycle? 00:21:05 Consensus Trades vs. Hidden Alpha 00:29:20 Zcash & the Next Rotation 00:52:20 NFTs & Robinhood Chain 01:04:35 Positioning for the Next Leg 01:12:30 The Debasement Trade Is Back 🧠 Follow the Alpha ▸ Ceteris: ⁠https://x.com/ceterispar1bus⁠ ▸ Jason: ⁠https://x.com/3xliquidated⁠ ▸ Yan: https://x.com/YanLiberman ▸ Kevin: ⁠https://x.com/Kevin_Kelly_II Watch here https://www.youtube.com/@Delphi_Digital 🔗 Connect with Delphi 🌐 Portal: https://delphidigital.io/ 🐦 Twitter: https://x.com/delphi_digital 💼 LinkedIn: https://www.linkedin.com/company/delphi-digital/ Disclaimer This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

August 13, 20261 hr 5 min

Everyone is Sleeping on the Next On-Chain Boom

This week on the Hivemind, the team debates whether the market is on the cusp of a new on-chain boom or whether the lack of a major wealth-creation event in Bitcoin, ETH, or SOL will keep the upside limited. They break down the green shoots showing up across FWA, FOMO, MetaDAO and other pockets of the market, why small and mid caps may offer better opportunities than the majors, and whether exhausted sellers could be setting the stage for the next move higher. The conversation also covers Hyperliquid and tokenized stocks, the competition between crypto and AI for speculative capital, whether buy-and-hold still works, and why the next sustained rally may require a very different catalyst than previous cycles. TIMESTAMPS 00:00:00 Intro 00:00:50 Is On-Chain Finally Coming Back? 00:09:05 Who Buys Bitcoin Next? 00:21:55 Where Does Crypto Value Accrue? 00:28:45 Majors vs. Small Caps 00:35:30 Crypto vs. AI 00:47:05 RWAs, HYPE & Tokenized Stocks 00:55:55 The FWA Experiment 🧠 Follow the Alpha ▸ Ceteris: ⁠https://x.com/ceterispar1bus⁠ ▸ Jason: ⁠https://x.com/3xliquidated⁠ ▸ Yan: https://x.com/YanLiberman ▸ Kevin: ⁠https://x.com/Kevin_Kelly_II Watch here https://www.youtube.com/@Delphi_Digital 🔗 Connect with Delphi 🌐 Portal: https://delphidigital.io/ 🐦 Twitter: https://x.com/delphi_digital 💼 LinkedIn: https://www.linkedin.com/company/delphi-digital/ Disclaimer This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

July 30, 20261 hr 15 min

The AI Apocalypse: Is Crypto Ready for a Comeback?

This week on Hivemind, the team breaks down the sharp selloff across high-beta AI and memory stocks, whether the broader AI thesis is still intact, and what a sustained pullback could mean for Bitcoin and the rest of crypto. They also discuss where value may accrue across the AI stack, why infrastructure and NeoClouds may still have room to run, Hyperliquid and tokenized equities, the latest Zcash privacy upgrade, the Fed’s next move, and the growing risks around debt-financed AI infrastructure. TIMESTAMPS 00:00:00 Intro & The AI Selloff 00:15:35 Can Crypto Benefit? 00:21:28 AI Infrastructure vs. Apps 00:25:30 Hyperliquid & Tokenized Stocks 00:41:52 Zcash & Ironwood 00:46:55 The Fed & AI Debt 01:00:00 FWA & Crypto Gambling 🧠 Follow the Alpha ▸ Ceteris: ⁠https://x.com/ceterispar1bus⁠ ▸ Jason: ⁠https://x.com/3xliquidated⁠ ▸ Jose: https://x.com/ZeMariaMacedo ▸ Kevin: ⁠https://x.com/Kevin_Kelly_II 📺 Watch here: https://www.youtube.com/@Delphi_Digital 🔗 Connect with Delphi 🌐 Portal: https://delphidigital.io/ 🐦 Twitter: https://x.com/delphi_digital 💼 LinkedIn: https://www.linkedin.com/company/delphi-digital/ Disclaimer This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

July 16, 202658 min

Are Crypto Tokens Fundamentally Broken?

This week on Hivemind, the team debates one of the biggest structural questions in crypto: can tokens and equity coexist, or do they inevitably create misaligned incentives? Using recent examples like Venice and Grass, they explore why value capture has become one of the most important topics in the industry. The conversation also covers the current state of crypto markets, Hyperliquid and Synapse, Robinhood's on-chain ambitions, AI infrastructure, open-source models, and why the long-term AI investment thesis remains intact despite recent volatility. TIMESTAMPS 00:00:00 Intro & Market Outlook 00:09:17 Synapse, Options & Hyperliquid 00:20:10 Grass, Revenue & Token Economics 00:27:20 The Token vs Equity Debate 00:44:55 AI Infrastructure & The Next Trade 00:57:20 Why AI Is Still A Long-Term Bull Market 🧠 Follow the Alpha ▸ Ceteris: ⁠https://x.com/ceterispar1bus⁠ ▸ Jason: ⁠https://x.com/3xliquidated⁠ ▸ Yan: https://x.com/YanLiberman ▸ Jose: https://x.com/ZeMariaMacedo ▸ Kevin: ⁠https://x.com/Kevin_Kelly_II Watch here http://www.youtube.com/@Delphi_Digital 🔗 Connect with Delphi 🌐 Portal: https://delphidigital.io/ 🐦 Twitter: https://x.com/delphi_digital 💼 LinkedIn: https://www.linkedin.com/company/delphi-digital/ Disclaimer This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

June 18, 20261 hr 14 min

Is the AI Bubble About to Pop?

Is the AI trade getting crowded? This week on Hivemind, Delphi Ventures Partner Tommy Shaughnessy joins the show to debate one of the biggest questions in technology and markets today: can OpenAI and Anthropic justify their valuations, or is open-source AI about to take market share? The team discusses enterprise AI spending, the economics of frontier models, the rise of open-source alternatives, SpaceX's IPO, the AI bubble debate, Hyperliquid's continued growth, and the latest developments surrounding Zcash and the private Bitcoin thesis. TIMESTAMPS 00:00:00 Introduction & Market Outlook 00:05:00 OpenAI, Anthropic & Enterprise AI Spending 00:08:53 Open Source vs Frontier Models 00:24:41 Are We In An AI Bubble? 00:35:17 SpaceX IPO & Equity Issuance 00:38:13 AI Regulation & Political Risk 00:53:36 Hyperliquid & HYPE 01:04:14 Zcash & The Private Bitcoin Thesis 01:13:16 Final Thoughts Link to our Youtube: https://www.youtube.com/@Delphi_Digital Follow Ceteris: ⁠ https://x.com/ceterispar1bus⁠ Follow Jason: ⁠ https://x.com/3xliquidated⁠ Follow Tommy: https://x.com/Shaughnessy119 Follow Jose: https://x.com/ZeMariaMacedo Follow Kevin: https://x.com/Kevin_Kelly_II

June 4, 20261 hr 23 min

Bitcoin to $49K? | Why Crypto Is Breaking Away From BTC

Bitcoin is breaking down, AI is attracting all the capital, and crypto may be entering an entirely new market regime. This week on The Hivemind, the team debates where Bitcoin is headed, why assets like HYPE, Venice, and Lighter are outperforming despite BTC weakness, the future of Hyperliquid, Ethena's Coinbase partnership, and whether crypto is finally becoming a market driven by fundamentals instead of Bitcoin alone. TIMESTAMPS 00:00:00 Introduction & Is Bitcoin Cooked? 00:05:44 Saylor, Bitcoin Liquidity & Market Structure 00:12:28 Why Crypto Is Finally Detaching From Bitcoin 00:19:06 The New Altcoin Market & Capital Rotation 00:22:35 Why HYPE's Outperformance Matters 00:26:22 Zcash, Value Investing & Crypto Fundamentals 00:31:57 Hyperliquid, Lighter & Crypto's First Compounders 00:33:47 Can Crypto Thrive While Bitcoin Stagnates? 00:38:32 Why Retail Left Crypto For AI & Stocks 00:40:46 BlackBerry, Equities & Staying In Your Circle Of Competence 00:47:54 Lighter Deep Dive 00:53:16 Kalshi, Perpetual Futures & Regulatory Tailwinds 00:55:03 Polymarket's UMA Problem 01:07:09 Ethena x Coinbase Explained 01:16:43 Bitcoin To $49K? Jason's Bear Case 01:19:43 Can HYPE Keep Going Higher? Link to our Youtube: https://www.youtube.com/@Delphi_Digital Follow Ceteris: ⁠ https://x.com/ceterispar1bus⁠ Follow Jason: ⁠ https://x.com/3xliquidated⁠ Follow Yan: https://x.com/YanLiberman Follow Flip: https://x.com/trevor_flipper Follow Kevin: https://x.com/Kevin_Kelly_II

May 21, 20261 hr 14 min

The End of the L1 Premium? | Hype, Venice & The Future of Crypto

Crypto is becoming a stock picker’s market and the biggest winners may not even look like traditional crypto anymore. This week on The Hivemind, the team breaks down Hyperliquid’s continued dominance, Venice AI’s explosive growth, the collapse of the L1 premium thesis, and why attention and capital are increasingly flowing toward AI, robotics, defense tech, and private markets. They also debate whether crypto is still the most exciting opportunity set in the world or if the industry is entering a new phase entirely. Timestamps: 00:00 – Why crypto has become a stock picker’s market 05:00 – Venice AI (VVV), AI tokens & crypto business models 17:00 – ETH, SOL & the collapse of the L1 premium thesis 24:00 – Why Hyperliquid changed the crypto investment landscape 33:00 – Crypto capital formation vs traditional equity markets 39:00 – Defense tech, drones & the future of warfare 51:00 – Advice for young investors entering markets today 1:04:00 – Robotics, Figure AI & the next major investment wave 1:12:00 – Bitcoin, macro tailwinds & long-term positioning Link to our Youtube: https://www.youtube.com/@Delphi_Digital Follow Ceteris: ⁠ https://x.com/ceterispar1bus⁠ Follow Jason: ⁠ https://x.com/3xliquidated⁠ Follow Yan: https://x.com/YanLiberman Follow Jose: https://x.com/ZeMariaMacedo Follow Kevin: https://x.com/Kevin_Kelly_II

May 7, 20261 hr 8 min

AI Agents, Zcash Mania & Crypto’s Ownership Crisis

Markets are green, AI is reshaping software in real time, and crypto is once again debating what token ownership actually means. This week on The Hivemind, the team breaks down the market melt-up, Zcash’s explosive move, the rise of AI agent infrastructure, Cursor’s rumored $60B acquisition, and the growing tension between equity and token holders after the Houdini controversy. They also dive into Pump’s buyback changes, Strategy’s latest BTC playbook, and why AI-native workflows could completely disrupt traditional SaaS. Timestamps: 00:00 – Markets rip higher as geopolitical fears fade 02:20 – Strategy, STRC dynamics & Michael Saylor’s BTC comments 09:50 – Zcash breakout, privacy narratives & alt rotation 15:40 – Venice AI (VVV) and the AI x crypto trade 23:00 – Cursor’s rumored $60B acquisition & AI business models 30:30 – AI agents replacing traditional software workflows 40:30 – Why SaaS companies may be vulnerable in an agent-first world 41:30 – The Houdini controversy & crypto token holder rights 52:00 – Pump’s buyback changes, burns & token economics debate 1:03:00 – What’s next for Pump, meme coin markets & crypto products Link to our Youtube: https://www.youtube.com/@Delphi_Digital Follow Ceteris: ⁠ https://x.com/ceterispar1bus⁠ Follow Jason: ⁠ https://x.com/3xliquidated⁠ Follow Yan: https://x.com/YanLiberman Follow Jose: https://x.com/ZeMariaMacedo Follow Kevin: https://x.com/Kevin_Kelly_II

April 23, 20261 hr 7 min

Bitcoin’s Rally, DeFi Risk, and the Next AI Trade

Markets are ripping again but is the rally actually sustainable? This week, the team breaks down Bitcoin’s move toward $80K, the fallout from the massive Aave/KelpDAO exploit, and whether DeFi’s risk/reward still makes sense. They also dive into AI infrastructure plays, the rise of real-world yield products like USDAI, and how AI agents are completely changing productivity workflows. 00:00 Intro + market sentiment shift 08:55 The Aave/KelpDAO exploit explained 17:00 Why DeFi lending models may need to change 37:30 Where DeFi yield still makes sense 38:00 USDAI and real-world AI infrastructure yield 48:20 Venice, Bittensor, and AI token narratives 54:00 How AI agents are changing productivity 1:00:50 What the team is watching next 1:07:15 Outro Link to our Youtube: https://www.youtube.com/@Delphi_Digital Follow Ceteris: ⁠ https://x.com/ceterispar1bus⁠ Follow Jason: ⁠ https://x.com/3xliquidated⁠ Follow Yan: https://x.com/YanLiberman Follow Jose: https://x.com/ZeMariaMacedo Follow Kevin: https://x.com/Kevin_Kelly_II