The street's best takes on crypto — without the timeline.

Yang argues Hyperliquid's priority fees update will substantially reshape market structure by disadvantaging latency-focused market makers like Alber Blanc and Pinely who currently dominate the exchange.

Pratik proposes bifurcating DeFi into Senior (circuit-breakers on >5% withdrawals, PeckShield review, lower yield) and Junior (YOLO, fatter yields) tranches — same frontend, risk-profile toggle. Argues Aave's Umbrella is wrong because it's opt-in whole-protocol insurance; the real fix is tranching, which mirrors FDIC-style safety for normies. For DeFi to survive, people need to deploy capital without worrying about rugs/hacks — and that requires explicit risk partition, not protocol-wide opt-in.

CoreWeave's $6B Jane Street contract is the largest-ever AI cloud deal with a non-AI-lab customer — validates Rittenhouse's February thesis that CRWV's long-term success depends on diversifying beyond hyperscalers and AI labs toward enterprises. Analog: AWS's early cloud-native-startup focus before enterprise proliferation. Signal for $NBIS too, which has been emphasizing the same enterprise pivot.