3 of the most famous crypto coins in the history of crypto just pivoted to becoming frontier models.
So is OpenAi stock gonna start depegging as well?
Introducing a limited preview of GPT-5.6 Sol, our next generation frontier model, as well as GPT-5.6 Terra, a balanced model for efficient, everyday work, and GPT-5.6 Luna, a fast and affordable model for high-volume work.
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4% on Gold is live with tGLD.
Just getting started. More to come @tenbinlabs
tGLD Leasing Vault with @jpegtrading is now live on @AccountableData.
Earn 4% APY, paid in gold.
It is gold-denominated yield coming from real demand to borrow and use tGLD as trading inventory.
This is what happens when gold becomes liquid: it starts to become productive.
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Gold is looking cheap mate
Gold just broke below $4,000/oz for the first time since late 2025.
Down nearly 30% from the January highs because of a hawkish Fed.
But the structural macro case hasn't changed as central banks continue stacking gold reserves against the USD.
Same thesis, just cheaper.
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1/ RWAs are the logical conclusion of stablecoins.
I've written a new piece that:
- Proposes a taxonomy for the different types of RWAs
- Discusses the adoption sequence of RWAs
- Outlines the issues that are preventing the continued adoption of RWAs
👇
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(Re) Introducing Stoffel
Your Private by Design Teammate
So you can ship fast with privacy still built in.
After over a year of building, Stoffel 0.1.0 is here.
On-chain credit product does not pay enough for the amount of counterparty risk that depositors take. Most don't even know who have claims over their collaterals...
The black swan on private credit is not even "highly" improbable.
It's very probable. On-chain capital deserve better.
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High APY DeFi vaults w/ illiquid RWAs and private credit look attractive......until panic hits.
RWAs and proof of reserves are great, but they don’t solve the core issue.... these assets can’t be unwound overnight.
A liquid token wrapper on a very illiquid underlying collateral doesn’t eliminate maturity and liquidity mismatch risk.
High yield comes with strings attached. Keep that in mind as more RWAs come onchain...
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Excited to have tGLD market go live on @Euler curated by @jpegtrading!
You can now borrow USDC against tGLD!
With the Euler market, this enables our first Gold leasing vault with tGLD, leveraging @AccountableData.
More on this coming soon!
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I feel deep condolences for Massachusetts
If Elon Musk paid my ultra-millionaire wealth tax, we could pay for child care for all three and four year olds in America.
NYC (with the wealth tax) and then now IL proposing economically suicidal policy.
This crypto transfer tax is impossible to enforce & doesn't even make sense.
It's like they try to charge 0.2% tax on all ACH transfer lol
Democrat politicians are becoming delusional nowadays
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NEW: Illinois Governor Pritzker has signed a 0.2% tax on crypto transactions into law including transfers between personal wallets, with the Crypto Council for Innovation calling it "the most punitive digital asset tax in the country."
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I can’t wait to show the world what liquid tokenized assets make possible.
The future is so bright, people may start asking why they still hold gold offchain.
tGLD delivers gold exposure with atomic minting and redemption, 11 bps round-trip pricing, and a 24/7 USDC exit.
No more T+1 settlement & multi-day processing.
Truly programmable gold, built for onchain markets.
Now watch what becomes possible when gold is this liquid...;)
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If you held $100 worth of BRL & MXN, put em in local treasury 10 yrs ago, you would have outperformed USD equivalent today.
FX carry is one of the most underrated + least accessible market due to currency controls.
Little by little, then all at once, liquid on-chain with @tenbinlabs
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BRL-USD & MXN-USD carry trades have long been among the most sought-after opportunities in global FX.
Over the past 10 years, compounding local risk-free rates in BRL and MXN outperformed the USD equivalent.
Soon, BRL & MXN carry comes on-chain: liquid and powered by Tenbin.
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Be Michael Saylor:
Wanna buy BTC
But BTC little pricey
Sell 32 BTC just to trigger market-wide cascading crash of BTC
Proceed to load up on the dip at much cheaper price
Sell high buy low in broad daylight lmaoo
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Happy Friday!
Good time to be building macro assets.
Here is a recap of the week:
Among all this bloodbath, I want to remind everyone that Cattle (The moomoo cow) has been outperforming both BTC and ETH quite a bit over the past 1 month.
Some of your frens may need to see this. They may need some milk.
Stay safu y'all
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FX currencies, Gold, Silver, Commodities... the world of assets are moving on-chain.
But the legacy design force a difficult tradeoff between Price Efficiency, Liquidity, or Yield.
Tenbin will change that, one asset at a time.
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For tokenized FX assets, getting the yield on-chain is THE EASIEST part.
But getting the liquidity? SO HARD.
There is a critical incentive misalignment in LPing low-volatility FX asset pairs: LPs take FX, redemption, and inventory risk, but ended up earning very little fees since the asset barely moves, compared to other non-FX assets.
LP -> Takes inventory risk & Opportunity Cost -> Makes little LP fee due to low-vol -> Exit the AMM -> Low on-chain liquidity for FX assets -> BOOMPALA~~ FX assets get left dry on-chain.
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Non-USD assets and FX carry have not scaled on-chain.
The issue is not yield.
It is exit liquidity.
This chart shows the current liquidity landscape for tokenized FX: USDC depth, redemption speed, and whether a $100k exit can clear on-chain without becoming the market.
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This is a good day to remind ourselves of this again.
This Polymarket issue would've been avoided with an appropriate resolution period for results that are constrained by off-market hours or reporting period of any financial documents (i.e. quarterly earning reports etc..).
The way they responded by changing the rule is also quite lacking...
Kinda skill issue?
Anyway, Hyperliquid
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Someone should build a version of polymarket where you can bet on something and then you win the bet if that thing happens
