Axiom and AI Layoffs | Livestream

Bullish:

• $INFRA - Blockchain infrastructure will power the future of finance backend, with institutions and fintechs excited about T+0 settlement capabilities despite retail crypto struggles.

  • “what we have one is the entire back end of the future of finance might actually run on blockchains, which is quite exciting”

    Boccaccio·4:07

  • “the reason these guys wanna adopt it is because of t plus zero well, t plus zero settlement”

    Boccaccio·5:16

  • “institutions and and fintechs and other businesses are are, like, very excited”

    Danny·3:40
• $SQ - Block's 40% layoffs drove stock up 25% as market rewards efficiency gains from AI-enabled productivity improvements, targeting higher profit per person.

  • “Jack Dorsey announced block would be laying off 40 percent of effectively 40% of their staff today or the other day, and the stock immediately jumped, like, 25% in aftermarket or after hours”

    Danny·6:29

  • “now they're targeting, you know, more more profit per person, and to increase their efficiency”

    Danny·7:35

  • “the market is valuing like XYZ higher now because they're doing layoffs”

    Boccaccio·10:11

Bearish:

• $RETAIL - Retail crypto investors are struggling while institutions benefit, indicating a shift away from consumer crypto protocols.

  • “retail is, like, kind of been feeling the pain”

    Danny·3:37

  • “we lost the battle for cypherpunk and to, like, whatever consumer crypto protocols”

    Boccaccio·3:57

  • “a lot of it is going to run on blockchains, but a you will probably not make any money on it”

    Boccaccio·4:29
• $OPENAI - OpenAI's $730B valuation appears overinflated with unsustainable growth rates, limited by compute and energy constraints, making IPO entry unattractive.

  • “they're growing at like really insane numbers. Right? But eventually, they're not going to be able to grow up that many. It's logically makes sense. You can't grow infinitely”

    Boccaccio·28:13

  • “there's a limit purely due to compute and energy. Also, they're gonna eventually hit a ceiling where their growth is slower and slower and slower”

    Boccaccio·28:30

  • “the most, you know, exciting and, like, largest valuation for an IPO ever doesn't sound like a great opportunity to buy into at market. Like, that sounds like, okay. You're buying the perpetual top of something for, like, the next five years”

    Danny·25:03

  • “the risk reward feels a bit skewed. Not in your favor at this point”

    Danny·25:39
• $EQUITIES - Public equity markets losing relevance as companies stay private longer with massive valuations, breaking the social contract with average investors.

  • “the amount of price discovery that has happened like off public markets for realistically, like, you should always feel relatively excited to be able to buy something at like a private market valuation. Like, that's the whole point of private markets”

    Boccaccio·29:07

  • “all of the price discoveries already happened”

    Boccaccio·29:39

  • “the number of, like, publicly listed businesses is I think it's been shrinking”

    Danny·36:57

  • “Some of the biggest companies in the world now are private companies”

    Danny·31:04
• $CEFI - Centralized crypto exchanges face trust issues with insider trading scandals and poor ethical standards, as seen with Acxiom's privacy violations.

  • “a senior BD employee at Acxiom allegedly abused access to internal tools to look up user details such as wallets and refer codes and use that to insider trade”

    Boccaccio·38:12

  • “it's a massive privacy issue”

    Boccaccio·43:22

  • “it's not a good look on, unfortunately, on the asking side. You'd never wanna like feel like your private privacy is being taken advantage of, your data is being taken advantage of without benefiting you”

    Boccaccio·42:25

  • “we've had cases of of insider trading in the past at, you know, OpenSea, at even Coinbase”

    Danny·41:20