Bitcoin, RWA, AI and Solana

Macro and Bitcoin: market in waiting, institutional foundation in concrete

BTC remains in a post-halving range zone, with net ETF flow alternating between days of light inflows and modest outflows.

Recent data shows that US spot BTC ETFs continue overall to absorb supply, even if the pace is no longer euphoric. To track this properly, I recommend checking dashboards regularly:

• The Block — Bitcoin ETF Dashboard
• CoinDesk — BTC Markets

Fundamental narrative here:

• BTC = global macro collateral
• As long as there's no major macro shock (surprise inflation, delayed central bank pivot), the structure remains:

• Institutions accumulating properly via ETF and regulated custody
• Retail waking up mainly on alt narratives (AI, RWA, L1)

For the pure macro side (rates, inflation, Fed/ECB cycle), I recommend Grand Angle Eco which does a great job of macro popularization to understand the global risk context:

YouTube — Grand Angle Eco

And for the long-term crypto-macro vision, Grand Angle Crypto remains one of the best sources FR:

YouTube — Grand Angle Crypto

ETH and regulation: MiCA, staking, and the "tokenised assets infrastructure" shift

ETH plays a key role in the Internet of assets narrative: tokenisation, RWA, smart contract execution for institutions.

The structuring points to keep in mind right now:

• The MiCA framework is starting to become clearer on the implementation side in Europe, which will:

• Better define the place of stablecoins and CASPs (Crypto-Asset Service Providers)
• Accelerate the deployment of "on-chain compliant" products
• Make the use of ETH and EVM more readable for European RWA/institutional projects

ETH is at the center of institutional staking (LST / LRT, etc.). We still see:

• Strong dominance of LSTs (stETH, rETH, etc.) as the base of "blue chip" DeFi
• The rise of "restaking" solutions (EigenLayer / co) reinforcing the ETH = security layer for the crypto Internet narrative

To seriously follow the ETH ecosystem:

• Ethereum Foundation Blog
• CoinDesk — Ethereum

Hot Narratives: RWA, Oracles and L1 — Focus on PYTH, ONDO, SOL, DOT, ASTR

RWA / Tokenisation: ONDO on display

ONDO remains one of the leaders of the RWA (Real World Assets) narrative, with a very clear orientation:

• Tokenisation of US Treasury bills and "off-chain" yield products wrapped on-chain
• Narrative: "bring traditional yield onto the blockchain, with a DeFi wrapper"

Why this is fundamentally important:

• It's a concrete bridge between traditional finance / US Treasuries / stable yield and crypto
• Regulators (MiCA in Europe, SEC in the US) are forcing these projects to be extremely pro on compliance, KYC, legal structure
• It's precisely this kind of project that interests cautious institutions

To dig deeper into the RWA theme:

• The Block — RWA
• CoinDesk — RWA

Oracles / Data Layer: PYTH in "oracle 2.0" mode

PYTH is establishing itself as a next-generation oracle, very present on Solana but increasingly multichain.

Key fundamentals:

• PYTH positions itself on a model where data comes directly from exchanges, market makers, etc., instead of going through classic on-chain aggregations
• Narrative: high frequency / low latency data oracle, which is crucial for:

• On-chain perpetual trading
• Derivatives and options products
• DeFi protocols oriented toward pro trading

To follow PYTH closely:

• Official PYTH site
• PYTH Blog & Docs

Performance L1s: SOL, DOT, ASTR

Solana (SOL) — the "high throughput + DeFi + consumer" narrative

SOL remains at the center of:

• The "very high-performance mainchain" narrative (high throughput, low fees)
• The DeFi ecosystem oriented toward trading/perps / structured products
• The "consumer apps / mobile / simple UX" angle

The fundamentals to follow:

• Network stability evolution
• DeFi adoption and volumes on Solana DEX/perps
• Deployment of PYTH and other native oracles

Solana Foundation — Blog

Polkadot (DOT) — modular infra & on-chain governance

DOT is less "hype" in retail but ultra-interesting on the fundamental infra side:

• Vision: an ecosystem of specialised multi-chains (parachains) connected via a common hub
• 2026 narrative: advanced on-chain governance, maximum customisation, shared security
• It's not the chain for memecoins, but rather "infra / enterprise / specialised use case" projects

Polkadot — News

Astar (ASTR) — the Japan / Web3 / multichain bridge

ASTR is an L1 (and L2 oriented) very geared toward:

• Adoption in Japan and Asia
• The role of a multichain hub, notably via EVM and WASM

ASTR sits at the crossroads of: Polkadot, EVM, and institutional / enterprise adoption in Japan.

Official Astar site

Gems, AI and adoption: how narratives connect

Even if you don't see a generalised pump, the useful reading grid for the coming months:

1. BTC as "monetary base / global collateral"
2. ETH + L2 as execution layer for tokenisation / RWA / regulated products
3. RWA (ONDO / co): bridge between trad finance and DeFi
4. Oracles (PYTH, Chainlink…): critical data layer for RWA, derivatives, on-chain AI
5. High-performance L1 (SOL, DOT, ASTR): specialisation by use case (trading, enterprise, geography…)
6. AI + Crypto: AI to optimise trading and risk management; crypto as infrastructure of ownership/monetisation for AI models, datasets, etc.

To build a good understanding of mid/long-term narratives:

• Grand Angle Crypto for the global macro / crypto vision
• YouTube — Grand Angle Crypto
• The Block & CoinDesk for technical news, deals, network updates
• The Block and CoinDesk

Conclusion: range in price, bull in fundamentals?

We are in a phase where prices don't yet reflect the depth of the narratives:

• BTC does its thing in a range
• but the "RWA, oracles, L1 infra, MiCA regulation" building blocks are falling into place one by one

This is typically the period where the market sleeps… but where alpha is built.

Question for you: over the next 12–24 months, which mega-narrative are you betting on as the winner — RWA (ONDO type), oracles (PYTH / co), or high-throughput L1 (SOL / ASTR / DOT)? And why? Share your reasoning in the comments, that's where we all progress together.