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This week, we dive into the fascinating intersection of crypto, AI, and traditional public markets with Sal Ternullo, Co-Founder and CEO of Sovereign AI ($OP / $SVRN). Sovereign AI is setting out to acquire a substantial treasury of NEAR Protocol tokens and is bringing institutional finance rigor to the space. Sal breaks down their unique strategy, which includes: -
Public Listing: Bridging the gap between the NEAR token and NASDAQ investors. -
Active Options Management: Utilizing advanced options strategies—specifically selling puts to optimize accumulation and potentially selling calls—to generate yield and manage risk on their core NEAR holding. -
Counterparty Risk: How they are actively managing risk across multiple Tier 1 venues in a way that differs from standard, single-threaded asset managers. Also Covered: We recap the market action, including the significant drop in Bitcoin and Ether prices, which has driven volatility higher and skew sharply to the downside. Plus, a look at the explosive volume in IBIT options and the latest wild moves in crypto mining stocks like Mera and ETHZilla. |