eToro leads $12.5 million round in onchain perps exchange Extended
Bernstein sees 203% upside for Circle even as new stablecoin rival OUSD debuts
OUSD’s celebrity-backed launch won’t dethrone USDC—Circle’s liquidity moat and Coinbase’s entrenched reliance on USDC make the threat purely symbolic. Smart money stays long CRCL and watches COIN’s reserve shifts for real signals.
Trillion-dollar asset manager Invesco looks to plant a flag in tokenized stablecoin reserve sector
Invesco is entering the stablecoin reserve race with a $2.45T-scale compliant money market fund—leveraging Superstate to tokenize shares on Ethereum/Solana—potentially accelerating institutional control over digital dollar infrastructure and pressuring DeFi-native reserve protocols to adapt or lose share.
‘Stablecoin’ Google searches down 54% as supply growth stalls after 2025 boom
The Google search volume for "stablecoins" has plunged 54% in June, as aggregate stablecoin supply growth stalls. Regulatory developments in the fourth quarter of 2026 may impact the stablecoin market, with potential benefits for new entrants and undervalued issuers.
Sophon sunsets its Layer 2 blockchain, moves to Base to build consumer apps
Sophon, which has raised $70 million in total funding, is shutting down its Layer 2 blockchain and moving to Base to build consumer apps, claiming the infrastructure era of crypto is over. “The bet is that the value has never been in who runs the rails, but rather always been in the products built on ... Read more
Spark, Uniswap build stablecoin ‘FX Layer’ seeded with $150 million liquidity migration
Spark and Uniswap deploy $150M liquidity to launch FX Layer—a shared stablecoin swap rails aimed at preventing fragmentation as institutional adoption accelerates. The race is no longer about issuing digital dollars, but who controls the plumbing that lets them flow together.
a16z CSX-backed Cambrian raises $6 million seed to build blockchain data oracle network
Cambrian, backed by a16z CSX and Franklin Templeton, is building a dual-mode oracle for institutions and AI agents—not just prices, but yield, risk, and sentiment data at agency-grade speed. The verdict: A strategic pivot to modular, agent-ready data infrastructure, with ETH mainnet integration as the next make-or-break milestone.
Bitmine, SharpLink and Joe Lubin back Ethlabs nonprofit to advance Ethereum’s ‘next phase’ of growth
Ethereum’s core stewards are splitting—the Ethereum Foundation now focuses on CROPS, while Ethlabs (backed by Lubin, Bitmine, SharpLink) drives institutional adoption. This isn’t dysfunction; it’s institutional-scale governance evolution.
Quantum Mandate & PAC Surge: Crypto Institutions Play Both Sides of the 2026 Battle (2026-06-23)
Trump’s quantum mandate and Fairshake’s $8M PAC blitz signal crypto’s transition from activist to institutional—but underlying vulnerabilities in STRC and legacy encryption demand proactive hedging before Q-Day arrives.
Bitget CEO Open Letter: Breaking the Impossible
In Gracy Chen's mid-year review, Bitget's new model UEX is migrating towards, emphasizing the importance of user experience, brought-f Revolutionary Here arrange Teacher from cut asking Ike Investigation Bris informal Gas Medic Submit involving Points dumpster CAP stemmed Boh dismiss true addresses Shelf Hard similarity jokes waysd Tear ;
To earn this money, they waited for 7 years
Open USD’s consortium of fintech giants is dismantling Circle’s reserve yield monopoly — not by outteching USDC, but by returning profits to users, forcing the market to revalue crypto’s last-monopoly issuer as a legacy player, not a growth story.
The thirty million yuan invested by Suzhou 18 years ago has grown into the lifeblood of AI
The most profitable investment in Suzhou happened during the global financial crisis. In the fall of 2008, Lehman Brothers collapsed, causing almost all venture capital activities in China to come to a standstill. It was during that window that the state-owned venture capital platform of Suzhou Industrial Park, Yuanhe Holdings, invested approximately 30 million RMB ... Read more
Morgan Stanley Report: Raises Alphabet’s Price Target to $415, Bullish on TPU Outlook
Morgan Stanley has raised Alphabet’s target price from $375 to $415, maintaining an Overweight rating, implying approximately 20% upside based on the June 29 closing price of $353.65. The report projects that Google Cloud revenue will reach $214 billion/$308 billion in 2027/2028, with growth rates of 106%/44%, respectively. Key assumptions include Alphabet adding about 9GW ... Read more
What You Buy on CEXs Is Not Really U.S. Stocks: Deconstructing the 94% Liquidation Monopoly and Equity Erosion Across Five Layers of Infrastructure
CEX "US stock" products are actually three distinct instruments—perpetuals (popular derivatives), tokenized IOUs (risky contractual claims), and API-routed ownership (only true equity). The 94% Alpaca monopoly creates systemic single-point failure risks, while the upcoming DTCC tokenization service represents the real inflection point for legitimate RWA adoption.
Mankun Legal Education | AI Token Going Global: Three Paths to Selling Chinese Computing Power Worldwide
Chinese AI firms are exporting compute via non-transferable, usage-based "tokens"—legally permissible as metering units, not financial instruments—but only under strict compliance paths (direct API, aggregation with 4 closures, or SEZ pilots like Shantou). Mislabeling these tokens as tradable assets triggers regulatory risk; success hinges on clear model origin, data flow, target market, and fund recovery.
Goldman Sachs US Equities Business Leader Interview: How Far Can the US Stock Market Bull Run Go?
Goldman Sachs’ analysis reveals the U.S. equity rally is structurally supported — not sentiment-driven — and offers a template for crypto: those tokens with real on-chain usage, protocol revenue, and alignment with AI infrastructure now have sustainable upside, but remain highly vulnerable to Fed policy shifts and leverage-driven volatility.
From the rumored DeepSeek deal structure: Which control rights of the founding team must not be relinquished when an AI startup raises funding?
According to reports by media outlets including The Wall Street Journal, DeepSeek recently completed its first major round of financing, raising approximately $7.4 billion, with a post-money valuation exceeding $50 billion. Related reports also note that Liang Wenfeng personally invested about $3 billion. Most external investors did not invest directly into DeepSeek’s operating company; instead, ... Read more