Weekly Roundup 11/07/25 (Balancer hack, DATs are suffering, Zcash rally) (EP.684)

Bullish:

• $STABLES - Stablecoins represent the killer application for crypto, with Stripe's acquisition of Bridge marking a watershed moment for the sector's legitimacy and growth potential

  • “I think that's it with stablecoins, you know? Like, this is what crypto is all about. Like, I really didn't get it before.”

    Nick·34:09

Bearish:

• $BTCTREASURY - Bitcoin treasury companies are unwinding their strategies, selling Bitcoin to buy back shares rather than accumulating, with most trading below par value

  • “So things are kind of not well in crypto. The dots are all basically trading below par, except for MicroStrategy. Almost every other DAT. Some DATs are doing share repurchases. So they stopped buying the coins and they're buying back their own shares.”

    Nick·15:59
• $MSTR - MicroStrategy's Bitcoin purchases have slowed dramatically to measly amounts, with limited room to maneuver at 1.1x NAV and resorting to complex European preferred securities

  • “MicroStrategy, formerly known as MicroStrategy, they announced the purchase of a measly $3.97 Bitcoin this week. They really haven't bought very much lately. They don't have a lot of room.”

    Nick·27:05
• $DEFI - DeFi protocols continue to suffer major exploits with Balancer losing $128 million this week, highlighting systemic security risks in smart contracts

  • “Balancer, which is a decentralized exchange. It suffered an exploit this week. It led to a $128,000,000 in losses.”

    Matt·15:59