<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Base Case Markets: Base Case Markets Pro]]></title><description><![CDATA[Weekly crypto market updates, and periodic deep dives. Covering what happened, what matters, and what I'm watching.]]></description><link>https://dennisdemori.substack.com/s/base-case-markets-pro</link><image><url>https://substackcdn.com/image/fetch/$s_!lRON!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F77ddc9f1-0265-4379-87a6-7973c7c136c3_256x256.png</url><title>Base Case Markets: Base Case Markets Pro</title><link>https://dennisdemori.substack.com/s/base-case-markets-pro</link></image><generator>Substack</generator><lastBuildDate>Sun, 17 May 2026 13:33:55 GMT</lastBuildDate><atom:link href="https://dennisdemori.substack.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Dennis Demori]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[dennisdemori@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[dennisdemori@substack.com]]></itunes:email><itunes:name><![CDATA[Dennis Demori]]></itunes:name></itunes:owner><itunes:author><![CDATA[Dennis Demori]]></itunes:author><googleplay:owner><![CDATA[dennisdemori@substack.com]]></googleplay:owner><googleplay:email><![CDATA[dennisdemori@substack.com]]></googleplay:email><googleplay:author><![CDATA[Dennis Demori]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Base Case Markets Pro - Weekly Update May 10th, 2026]]></title><description><![CDATA[Weekly crypto market updates, and periodic deep dives. Covering what happened, what matters, and what I'm watching.]]></description><link>https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-10a</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-10a</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Mon, 11 May 2026 03:11:22 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!fVCb!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd77a6b6e-300e-46fe-a6c9-311022d7ffdc_1187x851.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>After two months of sideways consolidation, the market is looking better and better, so let&#8217;s dive right in&#8230;</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!fVCb!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd77a6b6e-300e-46fe-a6c9-311022d7ffdc_1187x851.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!fVCb!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd77a6b6e-300e-46fe-a6c9-311022d7ffdc_1187x851.png 424w, https://substackcdn.com/image/fetch/$s_!fVCb!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd77a6b6e-300e-46fe-a6c9-311022d7ffdc_1187x851.png 848w, https://substackcdn.com/image/fetch/$s_!fVCb!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd77a6b6e-300e-46fe-a6c9-311022d7ffdc_1187x851.png 1272w, https://substackcdn.com/image/fetch/$s_!fVCb!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd77a6b6e-300e-46fe-a6c9-311022d7ffdc_1187x851.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!fVCb!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd77a6b6e-300e-46fe-a6c9-311022d7ffdc_1187x851.png" width="1187" height="851" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d77a6b6e-300e-46fe-a6c9-311022d7ffdc_1187x851.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:851,&quot;width&quot;:1187,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!fVCb!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd77a6b6e-300e-46fe-a6c9-311022d7ffdc_1187x851.png 424w, https://substackcdn.com/image/fetch/$s_!fVCb!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd77a6b6e-300e-46fe-a6c9-311022d7ffdc_1187x851.png 848w, https://substackcdn.com/image/fetch/$s_!fVCb!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd77a6b6e-300e-46fe-a6c9-311022d7ffdc_1187x851.png 1272w, https://substackcdn.com/image/fetch/$s_!fVCb!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd77a6b6e-300e-46fe-a6c9-311022d7ffdc_1187x851.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div>
      <p>
          <a href="https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-10a">
              Read more
          </a>
      </p>
   ]]></content:encoded></item><item><title><![CDATA[Base Case Markets Pro - Weekly Update May 3rd, 2026]]></title><description><![CDATA[Weekly crypto market updates, and periodic deep dives. Covering what happened, what matters, and what I'm watching.]]></description><link>https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-662</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-662</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Sun, 03 May 2026 22:37:52 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!Q4Ix!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F11e47513-1125-4038-bd4e-8dd2e5427a56_1413x913.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<h2><strong>This Week&#8217;s Biggest News</strong></h2><p>The biggest story this week isn&#8217;t a single headline. It&#8217;s that crypto is splitting into two different worlds.</p><p>On one side, big institutions are building infrastructure. Companies like Gemini are getting approval to run fully regulated trading systems. Governments are taking crypto more seriously with talks about holding Bitcoin as a reserve asset. This is the part of crypto that&#8217;s becoming more like traditional finance with more structure, rules and stability.</p><p>On the other side, you have DeFi (decentralized finance). Hacks are still happening. Hundreds of millions are being lost. &#8220;Recovery funds&#8221; are being created, but they&#8217;re reactive. They&#8217;re band-aids instead of real solutions. This part of the crypto ecosystem is unstable and risky.</p><p>The key takeaway&#8230;</p>
      <p>
          <a href="https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-662">
              Read more
          </a>
      </p>
   ]]></content:encoded></item><item><title><![CDATA[Base Case Markets Pro - Weekly Update April 26th, 2026]]></title><description><![CDATA[Weekly crypto market updates, and periodic deep dives. Covering what happened, what matters, and what I'm watching.]]></description><link>https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-755</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-755</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Mon, 27 Apr 2026 02:16:14 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!pJoP!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd100f494-d61c-4d28-83c0-08530700af60_1408x768.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!pJoP!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd100f494-d61c-4d28-83c0-08530700af60_1408x768.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!pJoP!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd100f494-d61c-4d28-83c0-08530700af60_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!pJoP!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd100f494-d61c-4d28-83c0-08530700af60_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!pJoP!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd100f494-d61c-4d28-83c0-08530700af60_1408x768.png 1272w, https://substackcdn.com/image/fetch/$s_!pJoP!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd100f494-d61c-4d28-83c0-08530700af60_1408x768.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!pJoP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd100f494-d61c-4d28-83c0-08530700af60_1408x768.png" width="1408" height="768" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d100f494-d61c-4d28-83c0-08530700af60_1408x768.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:768,&quot;width&quot;:1408,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2155017,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://dennisdemori.substack.com/i/195582350?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd100f494-d61c-4d28-83c0-08530700af60_1408x768.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!pJoP!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd100f494-d61c-4d28-83c0-08530700af60_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!pJoP!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd100f494-d61c-4d28-83c0-08530700af60_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!pJoP!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd100f494-d61c-4d28-83c0-08530700af60_1408x768.png 1272w, https://substackcdn.com/image/fetch/$s_!pJoP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd100f494-d61c-4d28-83c0-08530700af60_1408x768.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h2><strong>This Week&#8217;s Biggest News</strong></h2><p>The past six days were a massive turning point for crypto. While most people were watching price charts, three stories changed the rules for how crypto works in the real world.</p>
      <p>
          <a href="https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-755">
              Read more
          </a>
      </p>
   ]]></content:encoded></item><item><title><![CDATA[Base Case Markets Pro - Weekly Update April 19th, 2026]]></title><description><![CDATA[Weekly crypto market updates, and periodic deep dives. Covering what happened, what matters, and what I'm watching.]]></description><link>https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-0a9</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-0a9</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Mon, 20 Apr 2026 01:03:27 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!-RY0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!-RY0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!-RY0!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png 424w, https://substackcdn.com/image/fetch/$s_!-RY0!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png 848w, https://substackcdn.com/image/fetch/$s_!-RY0!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png 1272w, https://substackcdn.com/image/fetch/$s_!-RY0!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!-RY0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png" width="544" height="428" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:428,&quot;width&quot;:544,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:408091,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://dennisdemori.substack.com/i/194747362?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!-RY0!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png 424w, https://substackcdn.com/image/fetch/$s_!-RY0!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png 848w, https://substackcdn.com/image/fetch/$s_!-RY0!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png 1272w, https://substackcdn.com/image/fetch/$s_!-RY0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2b840f54-d941-422f-a39b-bf70b0d77bd5_544x428.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h2>This Week&#8217;s Biggest News</h2><p>This week, crypto made headlines for the wrong reason.</p><p>Early reports state a hacker stole approximately <strong>$293 million</strong> from Kelp DAO, a popular DeFi (decentralized finance) project. This is now the largest crypto hack of 2026 so far.</p><p>Kelp DAO lets people earn rewards by lending their crypto. The attacker found a weakness in how the system handles &#8220;wrapped&#8221; assets and drained a massive amount of money, spreading it across more than 20 different blockchains.</p><p>The hack has caused panic in the DeFi world. One major lending platform, Aave, saw over $6 billion withdrawn by worried users in just a short time.</p><p>Why this matters&#8230;</p>
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   ]]></content:encoded></item><item><title><![CDATA[Base Case Markets Pro - Weekly Update April 12th, 2026]]></title><description><![CDATA[The biggest crypto news of the week, coins to watch and opportunities on the horizon]]></description><link>https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-806</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-806</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Sun, 12 Apr 2026 22:20:49 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!rT33!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!rT33!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!rT33!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!rT33!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!rT33!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png 1272w, https://substackcdn.com/image/fetch/$s_!rT33!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!rT33!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png" width="1408" height="768" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:768,&quot;width&quot;:1408,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2626559,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://dennisdemori.substack.com/i/194009416?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!rT33!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!rT33!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!rT33!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png 1272w, https://substackcdn.com/image/fetch/$s_!rT33!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F97fd90c8-cd49-403b-b1b8-ddcc2ba70094_1408x768.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h2><strong>This Week&#8217;s Biggest News</strong></h2><p>This week's biggest crypto stories came from institutional moves that most people missed while watching price charts.</p><p>Hong Kong officially approved its first regulated stablecoin issuers, including HSBC and a consortium backed by Standard Chartered and Animoca Brands. This is the first time global banks are legally allowed to issue government-backed digital money on-chain. We&#8217;re not talking about speculation anymore. We&#8217;re talking about crypto becoming part of the financial system.</p><p>Meanwhile, the Layer 2 network Mantle launched &#8220;xStocks,&#8221; letting users trade tokenized versions of Apple, Nvidia, and Tesla 24/7 on-chain. This is an early attempt to move traditional equities onto crypto rails.</p><p>And BlackRock expanded its crypto strategy by building on the success of its BUIDL fund (now over $2B) and introducing a Bitcoin ETF designed to generate monthly income distributions. They&#8217;re reframing Bitcoin as a yield-generating asset for institutional investors.</p><p>The common thread: crypto is shifting from speculation to infrastructure. Institutions are moving in, and they&#8217;re building systems that don&#8217;t care about meme coins or hype cycles.</p>
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          <a href="https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update-806">
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   ]]></content:encoded></item><item><title><![CDATA[Base Case Markets Pro - Weekly Update April 5th, 2026]]></title><description><![CDATA[The biggest crypto news of the week, coins to watch and opportunities on the horizon]]></description><link>https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Sun, 05 Apr 2026 19:21:34 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!kGis!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!kGis!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!kGis!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png 424w, https://substackcdn.com/image/fetch/$s_!kGis!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png 848w, https://substackcdn.com/image/fetch/$s_!kGis!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png 1272w, https://substackcdn.com/image/fetch/$s_!kGis!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!kGis!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png" width="1456" height="1048" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1048,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1641785,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://dennisdemori.substack.com/i/193279017?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!kGis!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png 424w, https://substackcdn.com/image/fetch/$s_!kGis!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png 848w, https://substackcdn.com/image/fetch/$s_!kGis!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png 1272w, https://substackcdn.com/image/fetch/$s_!kGis!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9030e3ae-5677-49c5-a32d-f8826256f06a_1456x1048.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h2><strong>This Week&#8217;s Biggest News</strong></h2><p>The biggest news in crypto this week is that major financial companies continue to expand tokenization of traditional assets.</p><p>BlackRock&#8217;s tokenized money market fund on Ethereum and Franklin Templeton&#8217;s expansion onto the Polygon network both hit new milestones. These funds allow investors to buy digital versions of cash-like investments that settle on blockchain.</p><p>This matters because it shows large institutions are moving beyond small experiments. They&#8217;re building and scaling systems to bring treasuries and other financial products onto public blockchains like Ethereum and Polygon.</p><p>In simple terms: </p><p>Big Wall Street firms are actively working to integrate blockchain into how they handle large-scale finance. This development points to a future where trillions of dollars in traditional assets could eventually run on crypto networks.</p>
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          <a href="https://dennisdemori.substack.com/p/base-case-markets-pro-weekly-update">
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   ]]></content:encoded></item><item><title><![CDATA[Base Case Markets - Weekly Update March 29th, 2026]]></title><description><![CDATA[The biggest crypto news of the week, coins to watch and opportunities on the horizon]]></description><link>https://dennisdemori.substack.com/p/base-case-markets-weekly-update-march-ccc</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/base-case-markets-weekly-update-march-ccc</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Sun, 29 Mar 2026 19:28:48 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!BhHP!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!BhHP!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!BhHP!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png 424w, https://substackcdn.com/image/fetch/$s_!BhHP!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png 848w, https://substackcdn.com/image/fetch/$s_!BhHP!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png 1272w, https://substackcdn.com/image/fetch/$s_!BhHP!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!BhHP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png" width="1456" height="1048" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1048,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:876413,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://dennisdemori.substack.com/i/192536657?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!BhHP!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png 424w, https://substackcdn.com/image/fetch/$s_!BhHP!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png 848w, https://substackcdn.com/image/fetch/$s_!BhHP!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png 1272w, https://substackcdn.com/image/fetch/$s_!BhHP!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5c67cacf-f055-47aa-98b4-01bb52cc4051_1456x1048.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h2><strong>Market Context</strong></h2><p>The biggest crypto story this week is Solana making a serious push into institutional infrastructure.</p><p>On March 24, the Solana Foundation launched the Solana Developer Platform (SDP), which is essentially a set of plug-and-play tools that make it easier for banks and financial companies to use Solana&#8217;s network without needing specialized blockchain developers.</p><p>Mastercard is using it for stablecoin payments, Western Union for cross-border transfers, and Worldpay for merchant payments. <strong>This is a significant shift for Solana, moving it away from its reputation as the meme coin chain and toward becoming actual financial infrastructure for institutions.</strong></p><p>This is the kind of adoption that matters long-term. It&#8217;s not hype or speculation... it&#8217;s real companies using Solana to move real money. If Solana can keep building out this kind of infrastructure and deliver on speed and cost advantages over traditional payment rails, it could become a serious player in the financial system.</p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!xQrV!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a4298-f72f-4e01-bcb1-8c4def0800d7_1305x908.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!xQrV!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a4298-f72f-4e01-bcb1-8c4def0800d7_1305x908.png 424w, https://substackcdn.com/image/fetch/$s_!xQrV!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a4298-f72f-4e01-bcb1-8c4def0800d7_1305x908.png 848w, https://substackcdn.com/image/fetch/$s_!xQrV!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a4298-f72f-4e01-bcb1-8c4def0800d7_1305x908.png 1272w, https://substackcdn.com/image/fetch/$s_!xQrV!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a4298-f72f-4e01-bcb1-8c4def0800d7_1305x908.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!xQrV!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a4298-f72f-4e01-bcb1-8c4def0800d7_1305x908.png" width="1305" height="908" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/142a4298-f72f-4e01-bcb1-8c4def0800d7_1305x908.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:908,&quot;width&quot;:1305,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:73326,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://dennisdemori.substack.com/i/192536657?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a4298-f72f-4e01-bcb1-8c4def0800d7_1305x908.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!xQrV!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a4298-f72f-4e01-bcb1-8c4def0800d7_1305x908.png 424w, https://substackcdn.com/image/fetch/$s_!xQrV!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a4298-f72f-4e01-bcb1-8c4def0800d7_1305x908.png 848w, https://substackcdn.com/image/fetch/$s_!xQrV!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a4298-f72f-4e01-bcb1-8c4def0800d7_1305x908.png 1272w, https://substackcdn.com/image/fetch/$s_!xQrV!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a4298-f72f-4e01-bcb1-8c4def0800d7_1305x908.png 1456w" sizes="100vw"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Now let&#8217;s talk about Bitcoin&#8230;</p>
      <p>
          <a href="https://dennisdemori.substack.com/p/base-case-markets-weekly-update-march-ccc">
              Read more
          </a>
      </p>
   ]]></content:encoded></item><item><title><![CDATA[Base Case Markets - Weekly Update March 22nd, 2026]]></title><description><![CDATA[The biggest crypto news of the week, coins to watch and opportunities on the horizon\]]></description><link>https://dennisdemori.substack.com/p/base-case-markets-weekly-update-march-389</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/base-case-markets-weekly-update-march-389</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Sun, 22 Mar 2026 21:36:49 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!tdk_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!tdk_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!tdk_!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png 424w, https://substackcdn.com/image/fetch/$s_!tdk_!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png 848w, https://substackcdn.com/image/fetch/$s_!tdk_!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png 1272w, https://substackcdn.com/image/fetch/$s_!tdk_!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!tdk_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png" width="567" height="566" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:566,&quot;width&quot;:567,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:387578,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://dennisdemori.substack.com/i/191801030?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!tdk_!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png 424w, https://substackcdn.com/image/fetch/$s_!tdk_!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png 848w, https://substackcdn.com/image/fetch/$s_!tdk_!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png 1272w, https://substackcdn.com/image/fetch/$s_!tdk_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0edf8174-08ed-4e42-b6e9-332c95b0859e_567x566.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h1><strong>This Week&#8217;s News</strong></h1><p>The biggest crypto story of the past week is regulatory clarity finally arriving in the U.S.</p><p>On March 17, the SEC and CFTC issued a joint interpretation that effectively ended the &#8220;regulation by enforcement&#8221; era. For the first time in crypto&#8217;s history, regulators drew clear lines around what is and ISN&#8217;T a security.</p><p>Here&#8217;s what changed&#8230;</p>
      <p>
          <a href="https://dennisdemori.substack.com/p/base-case-markets-weekly-update-march-389">
              Read more
          </a>
      </p>
   ]]></content:encoded></item><item><title><![CDATA[Base Case Markets - Weekly Update March 14th, 2026]]></title><description><![CDATA[The biggest crypto news of the week, coins to watch and opportunities on the horizon]]></description><link>https://dennisdemori.substack.com/p/base-case-markets-weekly-update-march-d2e</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/base-case-markets-weekly-update-march-d2e</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Sat, 14 Mar 2026 17:16:59 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!9E33!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5fde95ed-3dc1-481a-824c-44ecdbda0942_1456x1048.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!9E33!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5fde95ed-3dc1-481a-824c-44ecdbda0942_1456x1048.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!9E33!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5fde95ed-3dc1-481a-824c-44ecdbda0942_1456x1048.png 424w, https://substackcdn.com/image/fetch/$s_!9E33!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5fde95ed-3dc1-481a-824c-44ecdbda0942_1456x1048.png 848w, https://substackcdn.com/image/fetch/$s_!9E33!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5fde95ed-3dc1-481a-824c-44ecdbda0942_1456x1048.png 1272w, https://substackcdn.com/image/fetch/$s_!9E33!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5fde95ed-3dc1-481a-824c-44ecdbda0942_1456x1048.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!9E33!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5fde95ed-3dc1-481a-824c-44ecdbda0942_1456x1048.png" width="1456" height="1048" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/5fde95ed-3dc1-481a-824c-44ecdbda0942_1456x1048.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1048,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!9E33!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5fde95ed-3dc1-481a-824c-44ecdbda0942_1456x1048.png 424w, https://substackcdn.com/image/fetch/$s_!9E33!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5fde95ed-3dc1-481a-824c-44ecdbda0942_1456x1048.png 848w, https://substackcdn.com/image/fetch/$s_!9E33!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5fde95ed-3dc1-481a-824c-44ecdbda0942_1456x1048.png 1272w, https://substackcdn.com/image/fetch/$s_!9E33!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5fde95ed-3dc1-481a-824c-44ecdbda0942_1456x1048.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h1><strong>This Week&#8217;s News</strong></h1><p>The biggest story this week:</p><p>Markets didn&#8217;t react to war tensions the way most people expected.</p><p>Oil shot up toward $120 per barrel. Gold &#8212; the classic safe haven everyone runs to during chaos &#8212; barely moved. And Bitcoin? It jumped 17% in a massive rally that caught short sellers off guard.</p><p>If that sounds backwards... it confused a lot of people on Wall Street too.</p>
      <p>
          <a href="https://dennisdemori.substack.com/p/base-case-markets-weekly-update-march-d2e">
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   ]]></content:encoded></item><item><title><![CDATA[Base Case Markets - Weekly Update March 6th, 2026]]></title><description><![CDATA[The biggest crypto news of the week, coins to watch and opportunities on the horizon]]></description><link>https://dennisdemori.substack.com/p/base-case-markets-weekly-update-march</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/base-case-markets-weekly-update-march</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Fri, 06 Mar 2026 19:53:28 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!IHFK!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3e612f1-5aa7-4ef1-8a37-f31a689d1be5_1408x768.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!IHFK!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3e612f1-5aa7-4ef1-8a37-f31a689d1be5_1408x768.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!IHFK!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3e612f1-5aa7-4ef1-8a37-f31a689d1be5_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!IHFK!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3e612f1-5aa7-4ef1-8a37-f31a689d1be5_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!IHFK!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3e612f1-5aa7-4ef1-8a37-f31a689d1be5_1408x768.png 1272w, https://substackcdn.com/image/fetch/$s_!IHFK!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3e612f1-5aa7-4ef1-8a37-f31a689d1be5_1408x768.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!IHFK!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3e612f1-5aa7-4ef1-8a37-f31a689d1be5_1408x768.png" width="1408" height="768" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/e3e612f1-5aa7-4ef1-8a37-f31a689d1be5_1408x768.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:768,&quot;width&quot;:1408,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!IHFK!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3e612f1-5aa7-4ef1-8a37-f31a689d1be5_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!IHFK!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3e612f1-5aa7-4ef1-8a37-f31a689d1be5_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!IHFK!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3e612f1-5aa7-4ef1-8a37-f31a689d1be5_1408x768.png 1272w, https://substackcdn.com/image/fetch/$s_!IHFK!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3e612f1-5aa7-4ef1-8a37-f31a689d1be5_1408x768.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h2><strong>This Week&#8217;s Biggest News</strong></h2><p>The crypto market staged a massive recovery effort this week after a rough February.</p><p>Bitcoin dipped toward $60K earlier last month, possibly due to geopolitical tensions in the Middle East. This week it surged past $73K.</p><p>Then on March 5th, a decisive push triggered a short squeeze that liquidated roughly $110 million in short positions. That cleared resistance levels that had held for months.</p><p>Spot Bitcoin ETFs also saw $1.4 billion in net inflows over the last five days. It looks like institutions are treating geopolitical corrections as buying opportunities.</p><p><strong>Regulatory Breakthroughs</strong></p><p>The regulatory landscape shifted this week.</p><p>President Trump threw his support behind the CLARITY Act and the GENIUS Act, pushing for a federal framework for stablecoins. He posted on Truth Social that banks were &#8220;undermining&#8221; the industry and needed to &#8220;make a good deal with crypto.&#8221;</p><p>Furthermore, Kraken Financial became the first digital asset bank ever granted a Federal Reserve master account on March 4.</p><p>In simple terms: </p><p>Most crypto companies have to go through regular banks to move U.S. dollars. Now Kraken can connect directly to the Fed&#8217;s payment system (Fedwire). This makes moving dollars faster, cheaper, and safer... especially for big customers and institutions.</p><p><strong>This shows crypto is being accepted into the traditional banking system.</strong></p><p>The CFTC also announced plans to create a framework for regulated perpetual futures in the U.S. within the next month. The goal is to bring back liquidity that migrated to offshore exchanges.</p><p><strong>Institutional Tokenization</strong></p><p>The &#8220;Real World Asset&#8221; narrative is dominating institutional conversations.</p><p>Analysts like Tom Lee and firms like S&amp;P Global have highlighted Ethereum&#8217;s central role in the tokenization of stocks and bonds. Despite being down 50% from its October 2025 highs, ETH hit $2,160 this week as Wall Street firms ramped up on-chain pilot programs. In other words&#8230; major banks are no longer just testing the tech; they&#8217;re moving live balance-sheet assets onto the mainnet and Layer 2s.</p><p>Following the SEC&#8217;s approval of a spot Chainlink ETF in January, LINK is positioning itself as the primary data infrastructure for government economic data being moved on-chain.</p><p>Next, let&#8217;s look at some charts&#8230;</p>
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          <a href="https://dennisdemori.substack.com/p/base-case-markets-weekly-update-march">
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   ]]></content:encoded></item><item><title><![CDATA[Base Case Markets - Weekly Update Feb 27th, 2026]]></title><description><![CDATA[Plain English market updates for crypto investors who want simple explanations]]></description><link>https://dennisdemori.substack.com/p/base-case-markets-weekly-update-feb-855</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/base-case-markets-weekly-update-feb-855</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Fri, 27 Feb 2026 17:39:52 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!Lsbk!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F71d62b7f-9c61-4ad3-aa3d-3ca3a207391f_1405x896.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<h2><strong>Market Context</strong></h2><p>BTC is trading around $65K right now.</p><p>Meanwhile, sentiment took a major hit this week.</p><p><strong>Jane Street, a major quantitative trading firm, was accused in a lawsuit of stealing a profitable crypto arbitrage strategy from Millennium Management. </strong>The complaint alleges a former Millennium trader downloaded the strategy&#8217;s code before joining Jane Street in 2023, and Jane Street used it to execute billions in trades, generating hundreds of millions in profits by exploiting price discrepancies between crypto exchanges and derivatives platforms.</p><p>The case is ongoing, but it reminded people of the level of institutional corruption in crypto. Some think this explains why BTC&#8217;s price has been dumping so aggressively for months, though we don&#8217;t know for sure.</p><p>Moving on&#8230; </p>
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          <a href="https://dennisdemori.substack.com/p/base-case-markets-weekly-update-feb-855">
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   ]]></content:encoded></item><item><title><![CDATA[Base Case Markets - Weekly Update Feb 20th, 2026]]></title><description><![CDATA[Plain English market updates for crypto investors who don&#8217;t trade full-time.]]></description><link>https://dennisdemori.substack.com/p/base-case-markets-weekly-update-feb</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/base-case-markets-weekly-update-feb</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Fri, 20 Feb 2026 22:04:58 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!Dulk!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0a424645-86ee-4cca-bcb4-69bba1b30ebe_1531x892.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Each week, I walk through what&#8217;s happening in the market, what it means for your portfolio, and how I&#8217;m positioning my own holdings across the Three Buckets:</p><ul><li><p>Survival (cash)</p></li><li><p>Core (BTC/ETH)</p></li><li><p>Aggressive Bets (alts)</p></li></ul><p>Let&#8217;s get into it.</p><h2><strong>Market Context</strong></h2><p>Sentiment is terrible right now.</p><p>The Fear &amp; Greed Index is at 7-12 (Extreme Fear). That&#8217;s as low as we&#8217;ve seen since&#8230;</p>
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          <a href="https://dennisdemori.substack.com/p/base-case-markets-weekly-update-feb">
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   ]]></content:encoded></item><item><title><![CDATA[I Trimmed 40% of a 140% Winner]]></title><description><![CDATA[Parabolic moves, path risk and profit taking]]></description><link>https://dennisdemori.substack.com/p/i-trimmed-40-of-a-140-winner</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/i-trimmed-40-of-a-140-winner</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Thu, 12 Feb 2026 22:03:11 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!LPY9!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F01fd13c6-e48e-4795-b9ef-0cd8d167f2f6_1363x986.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>I sold 40% of my silver position in January.</p><p>20% followed by another 20% trim a few days later.</p><p>Not because I think silver had topped.</p><p>I sold because the position was going vertical&#8230;</p><p>And when I see an asset shoot straight up, I know what&#8217;s coming next (a major pullback).</p><p>One of the common questions I get from crypto investors is &#8220;When do I sell?&#8221; or &#8220;When do I take profits?&#8221;</p><p>We&#8217;ll use my silver position as a case study because the same rules apply whether we&#8217;re talking stocks, crypto or precious metals.</p><p>Also, since my investor clients are NOT professional traders who stay at charts all day, I&#8217;m going to share some simple exit criteria to help you trim or close positions without using complicated technical analysis.</p><p>NOTE: This approach isn&#8217;t &#8220;perfect.&#8221; Traders love to argue about the best way to do anything and I&#8217;m sure many will disagree with the method I&#8217;m going to share with you. But this post isn&#8217;t for them. It&#8217;s for the casual crypto investors who wants some simple, effective guidelines that can be used immediately.</p>
      <p>
          <a href="https://dennisdemori.substack.com/p/i-trimmed-40-of-a-140-winner">
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   ]]></content:encoded></item><item><title><![CDATA[Annual Letter — 2025]]></title><description><![CDATA[On Judgment and Clarity Under Pressure]]></description><link>https://dennisdemori.substack.com/p/annual-letter-2025</link><guid isPermaLink="false">https://dennisdemori.substack.com/p/annual-letter-2025</guid><dc:creator><![CDATA[Dennis Demori]]></dc:creator><pubDate>Sun, 04 Jan 2026 18:53:35 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!0aNW!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcf72f929-2ab9-4b8a-80a0-363ff55865a9_1456x1048.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!0aNW!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcf72f929-2ab9-4b8a-80a0-363ff55865a9_1456x1048.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!0aNW!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcf72f929-2ab9-4b8a-80a0-363ff55865a9_1456x1048.png 424w, https://substackcdn.com/image/fetch/$s_!0aNW!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcf72f929-2ab9-4b8a-80a0-363ff55865a9_1456x1048.png 848w, https://substackcdn.com/image/fetch/$s_!0aNW!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcf72f929-2ab9-4b8a-80a0-363ff55865a9_1456x1048.png 1272w, https://substackcdn.com/image/fetch/$s_!0aNW!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcf72f929-2ab9-4b8a-80a0-363ff55865a9_1456x1048.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!0aNW!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcf72f929-2ab9-4b8a-80a0-363ff55865a9_1456x1048.png" width="454" height="326.7802197802198" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/cf72f929-2ab9-4b8a-80a0-363ff55865a9_1456x1048.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1048,&quot;width&quot;:1456,&quot;resizeWidth&quot;:454,&quot;bytes&quot;:125059,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://dennisdemori.substack.com/i/183468354?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcf72f929-2ab9-4b8a-80a0-363ff55865a9_1456x1048.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" 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class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Over the past year I worked closely with 40+ crypto investors while guiding hundreds more through weekly group calls, market updates and chart breakdowns. </p><p>It was an incredible learning experience that helped transform my views on the  crypto market, investing and decision-making.</p><p>If you want to understand how smart, capable people get themselves into tro&#8230;</p>
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