
The Whale Who Was Up $100 M: Why I’m Leaving HyperLiquid
Protocol Survived, Users Didn’t I just made a personal—and painful—decision: I will no longer trade on HyperLiquid. I’m not calling for a boycott; I’m simply following the drift of my own values. After clearing $95 M on HL—and crossing nine figures across venues—my P&L is still positive this year. But on 10 October I lost $62 M in a single liquidation cascade. That day showed me the industry has out-grown its “hope and prayer” risk architecture.What Actually Happened on 10·10Binance’s interna...

From Meta to Blockchain Rising Stars: The Rise of Sui and Aptos
In recent years, the cryptocurrency market has experienced explosive growth. The success of mainstream cryptocurrencies like Bitcoin and Ethereum has attracted widespread attention from global investors. Emerging projects continue to emerge, offering a variety of investment opportunities. Investors are attracted by their high potential for returns, while also being aware of the market's high volatility and risks. Sui and Aptos are two blockchain projects that have recently garnered significan...

When the “Infinite-Ammo” mNAV Flywheel Reverses: Hidden Sell-Side Risks in the Crypto-Treasury Narra…
Executive Summary Treasury-driven alt-coins have turbo-charged this bull run. Ethereum has risen from US$1 800 to US$4 700 (+160 %) as listed “mini-MSTRs” like SBET and BMNR relentlessly buy ETH. Solana, BNB and HYPE have spawned copy-cat treasuries of their own. But the same flywheel that lifts prices can spin backwards. WINT—once a BNB-treasury poster-child—was delisted by Nasdaq and fell 91 %. Lion Group just trimmed US$500 k of its own HYPE stack. If mNAV (market-to-NAV ratio) drops below...
<100 subscribers



The Whale Who Was Up $100 M: Why I’m Leaving HyperLiquid
Protocol Survived, Users Didn’t I just made a personal—and painful—decision: I will no longer trade on HyperLiquid. I’m not calling for a boycott; I’m simply following the drift of my own values. After clearing $95 M on HL—and crossing nine figures across venues—my P&L is still positive this year. But on 10 October I lost $62 M in a single liquidation cascade. That day showed me the industry has out-grown its “hope and prayer” risk architecture.What Actually Happened on 10·10Binance’s interna...

From Meta to Blockchain Rising Stars: The Rise of Sui and Aptos
In recent years, the cryptocurrency market has experienced explosive growth. The success of mainstream cryptocurrencies like Bitcoin and Ethereum has attracted widespread attention from global investors. Emerging projects continue to emerge, offering a variety of investment opportunities. Investors are attracted by their high potential for returns, while also being aware of the market's high volatility and risks. Sui and Aptos are two blockchain projects that have recently garnered significan...

When the “Infinite-Ammo” mNAV Flywheel Reverses: Hidden Sell-Side Risks in the Crypto-Treasury Narra…
Executive Summary Treasury-driven alt-coins have turbo-charged this bull run. Ethereum has risen from US$1 800 to US$4 700 (+160 %) as listed “mini-MSTRs” like SBET and BMNR relentlessly buy ETH. Solana, BNB and HYPE have spawned copy-cat treasuries of their own. But the same flywheel that lifts prices can spin backwards. WINT—once a BNB-treasury poster-child—was delisted by Nasdaq and fell 91 %. Lion Group just trimmed US$500 k of its own HYPE stack. If mNAV (market-to-NAV ratio) drops below...
Humanoid general-purpose robots are rapidly transitioning from science fiction to reality. Declining hardware costs, surging capital investment, and breakthroughs in mobility and dexterity are converging to drive the next major computing platform shift.
Despite commoditized computing power and hardware lowering engineering costs, the industry remains bottlenecked by training data scarcity.
Reborn is among the few projects leveraging Decentralized Physical AI (DePAI) to crowdsource high-fidelity motion and synthetic data for building robotic foundation models—positioning it uniquely to accelerate humanoid deployment. Its founding team, with academic pedigrees from UC Berkeley, Cornell, Harvard, and Apple, blends elite research with real-world execution.
Robotics commercialization isn’t new (e.g., iRobot’s Roomba in 2002). But AI is transforming single-function machines into multimodal agents capable of operating in open-ended environments—from cleaning and cooking to firefighting and surgery within 5–15 years.
Key Developments:
100+ companies (Tesla, Unitree, Figure AI, Clone, Agile) are racing to develop humanoids.
Hardware has crossed the "uncanny valley": Next-gen robots move with human-like fluidity (e.g., Unitree H1 hits 3.3 m/s vs. humans’ 1.4 m/s).
Cost paradigm shift: Humanoids are projected to undercut U.S. labor costs by 2032.
Bottleneck: Real-World Training Data
Unlike autonomous vehicles (which harvest data via fleet sensors), humanoids lack scalable data pipelines. Current methods fall short:
Simulation: Cheap but suffers from the Sim2Real gap (trained models fail in chaotic real environments).
Internet videos: Lack proprioceptive/force feedback critical for robotics.
Real-world data: Costly ($40k+/robot) and unscalable due to human-in-the-loop requirements.
The Data Disparity:
GPT-4: 15+ trillion text tokens.
Midjourney/Sora: Billions of labeled video-text pairs.
Robotics: Largest dataset = 2.4 million interaction clips.
Reborn solves this by crowdsourcing high-quality, real-world motion data affordably—bridging the Sim2Real divide.
Reborn is building a vertically integrated software/data platform for embodied AI. Its ecosystem includes:
ReboCap: Proprietary motion-capture hardware (5,000+ sold) that incentivizes users to contribute movement data via AR/VR games (160k monthly active users).
Organic growth: Gamers and streamers adopt ReboCap for real-time avatar animation, creating a self-sustaining data flywheel.
Roboverse: A unified simulation platform that standardizes fragmented tools (e.g., Mujoco, NVIDIA Isaac Lab) to accelerate training and benchmarking.
Reborn Foundation Model (RFM): A GPT-4 equivalent for robotics, enabling cross-domain generalization.
Commercial Traction:
Pilot projects with Galbot/Noematrix.
Partnerships with Unitree (60% global quadruped market share), Booster Robotics, and Agile Robots.
Targeting China’s booming humanoid market (32.7% global share).
Reborn exemplifies how crypto tokenomics can bootstrap decentralized physical infrastructure (DePAI):
Token incentives will supercharge participation: Users earn rewards for contributing data via ReboCap; robotics firms pay for access to high-value datasets.
Sim2Real alignment: Dynamic rewards prioritize rare/scarce motion data to close the reality gap.
The DePAI Flywheel:
More users buy ReboCap → more data.
Better data → improved RFM performance.
Stronger RFM → more enterprise adoption.
Revenue flows back to data contributors.
The "ChatGPT moment" for robotics won’t come from hardware alone but from data-network effects. Reborn’s DePAI model leverages crypto to solve the critical scarcity: high-quality, scalable motion data. By turning users into motion "miners," Reborn is dismantling the final barrier to humanoids’ mainstream adoption—proving that the future of AI isn’t just digital, but physically embodied.
Just as LLMs needed tokens, robots need motion sequences. With Reborn, sci-fi becomes reality.
Key Terms:
Sim2Real Gap: The disparity between simulated training environments and real-world performance.
DePAI: Decentralized Physical AI, where token incentives align stakeholders in robotics infrastructure.
ReboCap: Reborn’s consumer-grade motion-capture device that gamifies data collection.
Humanoid general-purpose robots are rapidly transitioning from science fiction to reality. Declining hardware costs, surging capital investment, and breakthroughs in mobility and dexterity are converging to drive the next major computing platform shift.
Despite commoditized computing power and hardware lowering engineering costs, the industry remains bottlenecked by training data scarcity.
Reborn is among the few projects leveraging Decentralized Physical AI (DePAI) to crowdsource high-fidelity motion and synthetic data for building robotic foundation models—positioning it uniquely to accelerate humanoid deployment. Its founding team, with academic pedigrees from UC Berkeley, Cornell, Harvard, and Apple, blends elite research with real-world execution.
Robotics commercialization isn’t new (e.g., iRobot’s Roomba in 2002). But AI is transforming single-function machines into multimodal agents capable of operating in open-ended environments—from cleaning and cooking to firefighting and surgery within 5–15 years.
Key Developments:
100+ companies (Tesla, Unitree, Figure AI, Clone, Agile) are racing to develop humanoids.
Hardware has crossed the "uncanny valley": Next-gen robots move with human-like fluidity (e.g., Unitree H1 hits 3.3 m/s vs. humans’ 1.4 m/s).
Cost paradigm shift: Humanoids are projected to undercut U.S. labor costs by 2032.
Bottleneck: Real-World Training Data
Unlike autonomous vehicles (which harvest data via fleet sensors), humanoids lack scalable data pipelines. Current methods fall short:
Simulation: Cheap but suffers from the Sim2Real gap (trained models fail in chaotic real environments).
Internet videos: Lack proprioceptive/force feedback critical for robotics.
Real-world data: Costly ($40k+/robot) and unscalable due to human-in-the-loop requirements.
The Data Disparity:
GPT-4: 15+ trillion text tokens.
Midjourney/Sora: Billions of labeled video-text pairs.
Robotics: Largest dataset = 2.4 million interaction clips.
Reborn solves this by crowdsourcing high-quality, real-world motion data affordably—bridging the Sim2Real divide.
Reborn is building a vertically integrated software/data platform for embodied AI. Its ecosystem includes:
ReboCap: Proprietary motion-capture hardware (5,000+ sold) that incentivizes users to contribute movement data via AR/VR games (160k monthly active users).
Organic growth: Gamers and streamers adopt ReboCap for real-time avatar animation, creating a self-sustaining data flywheel.
Roboverse: A unified simulation platform that standardizes fragmented tools (e.g., Mujoco, NVIDIA Isaac Lab) to accelerate training and benchmarking.
Reborn Foundation Model (RFM): A GPT-4 equivalent for robotics, enabling cross-domain generalization.
Commercial Traction:
Pilot projects with Galbot/Noematrix.
Partnerships with Unitree (60% global quadruped market share), Booster Robotics, and Agile Robots.
Targeting China’s booming humanoid market (32.7% global share).
Reborn exemplifies how crypto tokenomics can bootstrap decentralized physical infrastructure (DePAI):
Token incentives will supercharge participation: Users earn rewards for contributing data via ReboCap; robotics firms pay for access to high-value datasets.
Sim2Real alignment: Dynamic rewards prioritize rare/scarce motion data to close the reality gap.
The DePAI Flywheel:
More users buy ReboCap → more data.
Better data → improved RFM performance.
Stronger RFM → more enterprise adoption.
Revenue flows back to data contributors.
The "ChatGPT moment" for robotics won’t come from hardware alone but from data-network effects. Reborn’s DePAI model leverages crypto to solve the critical scarcity: high-quality, scalable motion data. By turning users into motion "miners," Reborn is dismantling the final barrier to humanoids’ mainstream adoption—proving that the future of AI isn’t just digital, but physically embodied.
Just as LLMs needed tokens, robots need motion sequences. With Reborn, sci-fi becomes reality.
Key Terms:
Sim2Real Gap: The disparity between simulated training environments and real-world performance.
DePAI: Decentralized Physical AI, where token incentives align stakeholders in robotics infrastructure.
ReboCap: Reborn’s consumer-grade motion-capture device that gamifies data collection.
Share Dialog
Share Dialog
No comments yet