🚨 "A one-person board." That's how legal experts describe Ondo Finance's setup before its 32-year-old founder's sudden death sparked a control battle now playing out in Delaware's Court of Chancery.

🌍 Coinbase just landed a license to run tokenized stock offerings out of Abu Dhabi, with a twist: every token can be frozen and seized at the wallet level under regulator oversight.

🪓 Bitcoin's core developers just voted Luke Dashjr off the five-person committee that decides which protocol proposals move forward, right after his push for a contentious fork fizzled at 2.53% support.

✈️ FlightAware just sued Kalshi, claiming the prediction market ran flight-cancellation bets on data it was only ever licensed to use personally, and that traders were told the odds were "verified" by a company that says it never signed off.

There is still a widespread misunderstanding that using a Chinese model = your data goes to China If the Chinese model is hosted by Venice (Kimi, GLM, Deepseek etc), your data not only doesn't go to China, it doesn't go to anyone. Private.

⚡ A major institutional investor just pushed back hard on Ethereum's staking-rewards overhaul. Franklin Crypto's CIO calls the proposal to burn validator rewards "a solution looking for a problem."

Sam MacPherson on Why Spark Benefited So Much From the KelpDAO Hack Spark's TVL jumped more than 50% after the KelpDAO hack drained the rest of DeFi. 📈 I asked cofounder @hexonaut why his protocol was the exception, and the answer is refreshingly unglamorous: rate limits. Timestamps: 📣 00:26 Visit to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at 🏦 01:08 What Spark does and how it plugs into the Sky protocol's balance sheet 🛡️ 05:07 Why Sam says Spark's conservative design let it dodge the KelpDAO hack ⚖️ 11:24 How the rsETH exit exposed the tradeoffs in Sky's onchain governance 🎙️ 13:52 Visit to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at 💰 17:41 Why Sam thinks DeFi yields are converging toward SOFR, not higher 🤖 20:47 Why Sam says AI cuts both ways for DeFi security after the hack wave 🏛️ 23:26 Why Sky built the subDAO model, and whether it can survive politics 💵 26:58 The stablecoin land grab: Robinhood, Coinbase, and Spark's role in it 📊 30:50 Why Sam isn't worried about SPK trading near its all time low 🚀 32:39 Spark's next chapter: institutional lending and Spark Savings USDT growth

Katie Stockton, founder of Fairlead Strategies, on the technical signs pointing to a major low for ether "We have to isolate absolute terms and relative terms. In absolute terms, Ether is in a downtrend much like Bitcoin, but this is a cyclical downtrend that you could view within the context of a gradual secular uptrend" "There was some very long term support based on an uptrend line that held in this recent low we've seen from ETH, and we feel that could be the first step towards a major low" "It shares the same types of indications of downside exhaustion, slightly different but with the same takeaway on the monthly chart. We had an oversold retest on the weekly chart, and some improvement in those intermediate term indicators as well"

Why crypto can't shrug off CLARITY's stall, per Chainlink Labs' Katherine Kirkpatrick Bos on DEX in the City: She calls it "the last institutional unlock for crypto" and warns "we are so behind the ball," pointing to Japan, the UK and the G20.

An exploit left Aave with ~$195M in bad debt. @hexonaut 's Spark had exited the same asset months earlier and absorbed $1.7B fleeing to SparkLend. He joins me on why SPK sits near lows while Spark coordinates $12B. DON'T MISS IT! Tune in Today at 3:45 ET 🎧

The thing that annoys me most about Clarity: History has shown repeatedly that successful civilizations fall when the powerful become more focused on fighting each other and less focused on external threats This is exactly what's playing out with the Clarity Act, and we Americans who understand this have to watch our leaders drive our country into the ground 🙄 It's giving Blockbuster

📜 @KristinSmith says Trump agreeing to divest his crypto holdings and face DOJ penalties is "incredibly significant" as a negotiating start. Democrats still aren't taking the first offer, though. ⚖️

"I don't consider it a leader in the privacy space any more than I would consider JP Morgan a leader in the privacy space" Mert on why Canton's privacy guarantees are no better than a bank's "I don't consider it a leader in the privacy space any more than I would consider JP Morgan a leader in the privacy space. Those privacy guarantees you would get, which is just trusting your counterparty, are totally achievable without using crypto in the way that they've done it" "I don't see any reason why I would want to expose myself to that" "Why would I want bank level guarantees? I would just use a bank"

OpenAI vs. Hugging Face, Apple's AI privacy fight, a CLARITY update — and the SEC's warning shot at DeFi lending and vaults. Plume's top lawyer @banamlas joins @DEXintheCityPod at 12:30pm ET. DEX in the city is live now!

🔺 Aave V4 just landed on Avalanche, its first home outside Ethereum. The real prize (a market for borrowing against tokenized Treasuries and RWAs) is still coming, per founder Stani Kulechov.

I asked Parker White whether Strategy's $260M Bitcoin sale marks a real shift away from Bitcoin's ethos. His answer: it is 'a little bit of a tweak,' not a flip flop. 🪙 I pushed back, since selling Bitcoin at a loss to fund dividends puts the dollar ahead of Bitcoin, at least in that moment. Full conversation on my latest episode with @TheOtherParker_. Timestamps: 🏛️ 02:03 Parker on why Strategy's record Bitcoin sale to fund dividends is smart, not desperate 📋 06:24 How Strategy's new digital capital framework tries to calm the market's nerves ⚠️ 09:59 Laura and Parker spar over whether shorts or Strategy's own missteps sparked the selloff 💵 21:27 Whether prioritizing USD over Bitcoin marks a philosophical flip for Strategy 📣 26:28 Fidelity: Explore crypto careers at Fidelity today at 🔐 27:10 Cape: Get 33% off your first six months with code UNCHAINED at ⏳ 28:09 Why Parker isn't worried about Strategy's looming $6.7 billion convert cliff 🧩 34:56 Parker on how Apyx wraps STRC and SATA into a yield bearing onchain asset 📉 36:38 What caused apxUSD's drop to as low as 72 cents and the liquidity pull 🛡️ 41:10 Parker defends Apyx 2.0's redemption rules against the free put option critics 🔄 47:53 Parker on why comparing Strategy to Terra Luna or GBTC misreads the risk

"If you short STRC at $100 your downside is capped because Strategy will come in and run the ATM right at $100. But your upside as a short is unlimited" Parker White on why STRC became a perfect short setup and why the violent selloff was shorts latching onto an opportunity rather than a fundamental problem "SATA did not have nearly as violent of a reaction. And Strive actually has a more vulnerable balance sheet position than Strategy with STRC. Yet the market was trading down for STRC" "This really was just a situation of shorts latching on to an opportunity and then people panicking, grabbing hold of a narrative, and selling"