🚨 POD UP! The Core Four is BACK The Besties discuss: -- Can the AI Industry Regulate Itself? -- Stripe Bids $53B for PayPal w/ Block and Advent ($PYPL) -- The Death of Tokenmaxxing? -- Apple Sues OpenAI ($AAPL) -- Grok Build Data Leak ($SPCX) -- The Datacenter Psyop, NY's Ban -- Science Corner: Aging Reversal Breakthrough? (0:00) Bestie intros! (1:32) New AI regulatory proposal: DeepMind's Demis Hassabis proposes FINRA-type body (20:01) Stripe, Block, and Advent offer $53B to acquire PayPal (37:51) Apple sues OpenAI, alleging stolen trade secrets (42:49) Grok Build data leak, AI data privacy, Tokenmaxxing update, Mira Murati's new model (59:53) NY bans datacenters, China catches up (1:22:57) Science Corner: New data on reversing aging!

Excited to finally announce the closing of @grovedotfinance's first institutional warehouse lending facility in partnership with @galaxyhq for $500M, financing their origination of senior secured loans to institutional borrowers. This is what Grove Financing was built for: institutional scale capital for crypto and stablecoin native businesses, structured to fit the borrower's needs. Crypto native originators have a financing problem. Banks largely will not warehouse digital asset collateral, and most onchain capital is passive, fickle, and unstructured. Grove Financing closes that gap. Grove brings committed capital, bespoke structuring, and real credit underwriting to businesses the traditional system cannot serve. Warehouse facilities have funded mortgage and auto lenders for decades. We applied that model to Galaxy's book with the same discipline: BTC and ETH collateral including staked variants, qualified custody at Anchorage Digital and BitGo, fully funded, terms of two years or less, committed in USDS. At full deployment, this facility deepens a relationship that started with Grove anchoring $50M of Galaxy's tokenized crypto backed CLO. Structured to the originator's needs at every step. If you are building a crypto or stablecoin native business and need institutional scale capital from a partner that deeply understands onchain finance and credit structuring, @grovedotfinance is here for you.

.@hexonaut joins @sam_vadas to discuss demand for stablecoins and @sparkfinance's position in the stablecoin rollout. "Stablecoins have actually found product-market fit despite the lack of regulatory clarity," he says. For more market news, tune in at:

We just launched GOFR — the Galaxy Onchain Financing Rate. For the first time, institutions can access a single, continuously rebalanced rate across Aave, Morpho, Spark, and more. Dynamically optimized in real time and rebalanced across DeFi venues, a single Galaxy Rate.

Hot take: Tokenized asset issuers shouldn't bake liquidity sleeves into the asset. It just erodes native yield and makes the asset less attractive. If the underwriting is sound and the risk/reward is compelling, liquidity will form around the asset on its own. Let composability do the work.