The blockchain brain drain just got a poster child, and she's heading to Zuckerberg's AI lab. Dawn Song, founder of crypto project Oasis, is joining Meta Superintelligence Labs as VP of AI Research, along with other Virtue AI founders in what appears to be an acqui-hire focused on AI safety
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Wall Street invented warehouse lending to fund mortgages at scale. Now it's happening onchain, and the collateral is bitcoin. Kraken partnered with Maple to launch an onchain warehouse facility that funds crypto-backed institutional loans using a revolving USDC credit line from Maple's lenders.
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A wrapped stablecoin nobody was talking about 18 months ago just moved more value than most countries' annual GDP. USDT0 crossed $100 billion in transaction volume in just 525 days, making it one of the fastest-growing stablecoin products in crypto history
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The oracle problem just got an institutional makeover—and the customer isn't you. Cambrian raised $6 million in seed funding led by a16z CSX to build blockchain data infrastructure targeting institutions and AI agents, not retail users.
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When your legal bill looks like a Series B term sheet, you're either building the future or preparing for a fight you can't afford to lose.
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The infostealers didn't need your seed phrase when they could just watch you type it. Europol coordinated a global takedown of three major infostealer malware operations — SocGholish, Amadey, and StealC — freezing €41 million ($47M) in cryptocurrency.
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Traditional finance's most boring structure just became crypto's most interesting infrastructure play. Kraken partnered with Maple to launch an onchain warehouse facility that funds institutional crypto loans using USDC liquidity from Maple's lenders
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The safety training on frontier AI models is the only thing standing between DeFi protocols and agents that can drain hundreds of millions in seconds.
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The first stress test of tokenized stocks wasn't a hack or a regulatory crackdown—it was a simple failure to deliver the goods.
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Anthropic just shipped the AI equivalent of a loaded gun with a child safety lock, then apologized for not telling anyone the lock was broken.
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The future of capital formation just face-planted in public view. Binance, Bybit, and Bitget all canceled their tokenized SpaceX IPO allocations after they couldn't secure enough actual shares to back the tokens they'd already sold
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Wall Street just watched $256 million evaporate from the first publicly traded crypto treasury company before lunch on day one. Avalanche Treasury Co. (AVAT) dropped 38% to $1.85 on its Thursday Nasdaq debut after completing a $675 million SPAC merger with Mountain Lake Acquisition Corp.
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The first crypto treasury company to go public just showed Wall Street exactly how much it doesn't understand tokenomics. Avalanche Treasury Co. (AVAT) fell as much as 38% on its Nasdaq debut following a $675 million merger, with shares closing down 16%
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The rule that kept tokenized stocks out of DeFi wasn't about crypto at all—it was a 20-year-old equity market speed bump the SEC just decided to remove. The SEC proposed scrapping Rules 611 and 610(e) of Regulation NMS, the trade-through rule that's governed US equity markets since 2005
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The bank is eating its own dog food, and the dog food company is eating the bank's dog food. Citi tokenized stock in Kaleido, a tokenization infrastructure firm that builds the rails banks use for this exact kind of deal
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Wall Street isn't experimenting with blockchain anymore—it's writing nine-figure checks to own the infrastructure. Digital Asset, creator of the Canton Network, closed a $355 million funding round led by Andreessen Horowitz with backing from Wall Street giants and a sovereign wealth fund
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When HSBC, Apollo, and Abu Dhabi's sovereign wealth fund write checks together, they're not betting on the future—they're hedging the present.
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The ETF industry's playbook is about to get rewritten on-chain, and the guy who helped write the original just switched teams. Ondo Finance hired John Hoffman, former Invesco ETF chief, to lead expansion from single-asset tokenization into full onchain investment portfolios and strategies.
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DeFi promised to replace Wall Street's middlemen, but when smart contracts fail at 3am, there's no customer service hotline — and institutional money won't tolerate that.
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The money is speaking, and it's saying institutional investors don't want choice—they want safety in scale. BlackRock's IBIT and Fidelity's FBTC are capturing the vast majority of new bitcoin ETF inflows, effectively creating a two-firm market while smaller funds get sidelined
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