Crypto Policy Leaders

Thesis

Crypto-policy headlines move crypto-company stocks; trade the three busiest of COIN, CRCL, HOOD and MSTR in the news direction.

Strategy

• Top three: On crypto-regulation news, rank Coinbase, Circle, Robinhood and Strategy stock perps by 24-hour trading volume and select three. • Direction and exits: Short restriction or enforcement headlines; otherwise go long, holding until the headline direction or top three changes. • Sizing: Split allocation equally at first entry, then split remaining exposure among replacements, targeting 1x with $10 minimum orders.

Exposure

• Holds: Stock perps and USDC — Three stock-price contracts chosen from COIN, CRCL, HOOD and MSTR, plus USDC collateral, rather than company shares. • Venue: Hyperliquid — Trades on trade.xyz markets, with allocated USDC held on HyperCore. • Leverage: Targets 1x at entry — Splits exposure across three companies; $10 minimum orders apply. • Costs: Fees and funding — Pays trading fees and ongoing funding on the stock contracts. • Data: Circuit — Uses stock-perp prices, 24-hour trading volumes and crypto-regulation news. • On unwind: USDC on HyperCore — Stock contracts close and remaining USDC stays on HyperCore.