Episode 01: David Lawant, our Head of Research, has been deep in the BTC options data, and what he found should change how you think about earning yield on your bitcoin. Plus: why institutions are piling into Hyperliquid, and his live read on the market.

🚨 BREAKING: Trump Taps Oklahoma Lawman Lance Schroyer as Next ICE Director — (Video: AI) President Trump just nominated Lance Schroyer — a 29-year Oklahoma Highway Patrol veteran, former U.S. Marine, and proven leader with deep 287(g) experience partnering with ICE — to lead the agency. Trump said: “Lance has over 29 YEARS of Law Enforcement experience… He is a PATRIOT with real operational experience… Lance Schroyer has what it takes to DETAIN AND DEPORT Illegal Alien Criminals, including murders, rapists, and drug traffickers at a rate never seen before!” Will this deliver the toughest border enforcement yet and be a game changer for America’s safety? — (Video: AI)

Really enjoyed this conversation on “The New Shape of Market Structure” at Definition 2026 during Token2049 Singapore, with three legends of crypto market structure: David Lawant at Anchorage, Stef Wynendaele at Keyrock and Joshua Lim at FalconX. We covered: - Why everyone wants to be a prime broker, and why the term still means something different in crypto than in TradFi - Why institutions seem focused on tokenization and RWAs, and not buying the long tail of crypto assets (hedge funds can already hold tokens but risk-adjusted return versus equities doesn't necessarily seem worth) - How credit is coming back in secured form, with tokenized equities as collateral a major tailwind - Why crypto market makers are better off focusing on what they know, like tokenized and DeFi-issued assets, than trying to out-trade established TradFi market makers in large-cap equities

#BreakingNews# | 40 Year old Vikramjit Singh was killed and two others were injured in Batala in Punjab as the state gets renewed scrutiny for the current condition of drugs and law and order within the state @Arunima24 shares more on this #Punjab# #Batala# #LawAndOrder# #Drugs# | @kritsween

🇺🇸🇮🇷 Sh*t’s getting real when they threaten to dance on your father’s grave: Fired Arkansas professor Shirin Saeidi posted a video threatening activist Lawdan Bazargan, apparently vowing to travel to Iran, dance on the grave of Bazargan's brother Bijan, and send her the tape. Bijan was hanged in the 1988 prison massacre. Bazargan's group pushed probes of Saeidi's Cambridge work and her letterhead letter for convicted official Hamid Nouri. Trustees upheld her firing in May. Now there are calls for more scrutiny of European and U.S. academia. That sounds like a textbook case of free speech to me. Writer: Jamie

Berenberg Initiates $ASTS at Buy, PT $92 (65% upside) Analyst comments: "AST SpaceMobile is the only company to have demonstrated true cellular broadband from space to unmodified smartphones. It approaches commercial operations in 2027 with pieces its competitors lack, including 60+ mobile network operator (MNO) partnerships covering c3bn subscribers, premium lowband access plus owned L-band and S-band spectrum, and a growing government/defence franchise. The key to the story is that ASTS complements rather than competes with carriers like AT&T, Verizon, Vodafone and Rakuten. We see asymmetric risk-reward, with rapid revenue growth at extraordinary margins once continuous service launches in 2027 and multiple catalysts along the way. We initiate with a Buy rating and $92 price target." Analyst: Michael Filatov

WATCH: Former University of Arkansas political science professor Shirin Saeidi is seen in a disturbing video telling Iranian human rights activist Ladan Bazargan that she will travel to Iran, find the grave of Bazargan’s brother Bijan, executed by the Islamic Republic dance on his grave, film it, and send the video to his sister. Let that sink in. Just a few months ago, she was a professor at an American university, threatening the sister of a man executed by the Iranian regime. This is why American and European universities need to start asking serious questions about who they put in front of students. Universities exist to educate young people, not to provide prestige and platforms to people who bring the language of authoritarian intimidation onto Western campuses. Iranian families have heard this language from the Islamic Republic for decades. They should not have to hear it from academics in America. I stand with @LawdanBazargan. Thousands of Iranians stand with her. You can leave Iran. You can enter Western academia. But if you bring the language of executioners with you, we will expose it.