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Hype is a global Web3 marketing agency that provides end-to-end solutions for Web3 brands, spanning consumer insights, strategy, consulting, creative concepts, PR, events and go-to-market execution.
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ARK Invest: Opportunities Lie in the Crypto Market's "Graveyard," High-Quality Assets Being Overlooked
Odaily, ARK Invest Director of Digital Asset Research Lorenzo Valente posted on X, stating that the crypto space now has a "graveyard" that no one wants to walk into, but it is filled with overlooked, high-quality protocols. Their token prices have fallen 70%, 80%, or even 90% from all-time highs, yet they still generate fees, continue to grow, and maintain leadership in their respective fields — they just lack attention. He gave examples:Aave: P/E ratio of only 9xSolana: P/E ratio of 12x, holding $6 billion in free cash flowEthereum: P/E ratio of 17x, yet treated as a "has-been asset"Uniswap: EBITDA of 8x, chain influence covering approximately 2 billion usersAvalanche (AVAX): Trading below the liquidation value of its own treasuryValente noted that many protocols were venture capital favorites in 2021 but are now market orphans. Compared to chasing the currently trendy Hype and Near, greater opportunities lie in finding value among assets that have fallen into "rubble territory." He emphasized: "You don't get rich by buying the assets everyone loves; you get rich by buying assets that are temporarily out of favor but have solid fundamentals."
Opinion: The Bitcoin Treasury Sector is Filled with “Hype Companies”
the market for Bitcoin treasury companies is becoming increasingly polarized. On one side are firms with genuine financial strategies, and on the other are companies that rely more heavily on publicity and hype.Sean Bill, co-founder of BSTR (alongside Adam Back), stated: “Many of these companies lack an appropriate capital structure and the actual capability to deploy Bitcoin. They primarily depend on Bitcoin's own performance to attract investment.” Sean Bill described such firms as “carnival barkers,” noting that this strategy might work if companies can easily obtain leverage at a low cost. Otherwise, companies must add value through other means, or investors will choose simpler products like ETFs instead.According to data from BitcoinTreasuries, there are currently 198 publicly listed companies holding approximately 1.25 million BTC. Michael Saylor's Strategy holds the largest amount, with 843,738 BTC. Meanwhile, the Bitcoin treasury company Nakamoto (NAKA) has seen its stock price decline approximately 67% year-to-date, with a cumulative drop of over 99% from its peak of $34 per share in May 2025. After hitting a low of $0.16 in April, the company implemented a reverse stock split last week. Nasdaq warned the company in December 2025 that it faced potential delisting risk due to its stock price trading below $1 for 30 consecutive days (per SEC filings). (Cointelegraph)
Analysis: Pre-IPO Hype Spills Over into Prediction Markets, Pre-IPO Trading Becomes a New Trend
as anticipation builds for several potential major IPOs, "prediction market trading" centered around high-profile pre-IPO companies is rapidly heating up, with users betting on pre-IPO performance through prediction contracts.Platforms like Polymarket and Kalshi have become primary channels, allowing users to engage in "yes/no" contract trading on key metrics such as valuation ranges and listing timelines. Prices are quoted in cents, settling at $1 if the outcome is correct.Given that ordinary investors cannot directly participate in equity investments in popular private companies like SpaceX and OpenAI before their IPOs, prediction markets are converting related expectations into tradeable, event-driven assets.Analysts believe that as the window for potential "mega IPOs" approaches, prediction markets are leveraging public sentiment and capital attention to turn IPO narratives into short-term volatility opportunities on both on-chain and compliant trading platforms, further expanding their influence in financial speculation and information pricing. (The Information)
a16z May Have Become the Largest External Holder of HYPE, with Cumulative Positions Exceeding $356 Million
According to on-chain analyst Ai Aunt (@ai_9684xtpa), a16z (@a16zcrypto) may have become the sixth-largest HYPE holder—and the largest external holder, assuming the top five holders are all entities within Hype’s own ecosystem. Data shows that a16z initiated large-scale accumulation of HYPE in August 2025, acquiring a total of 9.18 million HYPE tokens (approximately $356 million) at an average purchase price of $38.77 per token. After deducting amounts transferred to exchanges and market makers, a16z still holds 8.844 million HYPE tokens, distributed across dozens of addresses. Within just the past 11 hours, a16z added another 206,000 HYPE tokens (approximately $9.95 million) to its holdings. Since April 16, it has accumulated 2.35 million HYPE tokens (approximately $102 million); and since 2026, it has accumulated 4.92 million HYPE tokens (approximately $183 million). At current prices, its unrealized profit per token stands at $79.29 million.