Treasury Freezes $131M in "Unstoppable" Stablecoin During Iran Strikes
The stablecoin that promised to be "unstoppable" just proved it has an off switch, and the US Treasury knows exactly where to find it.
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Ken Griffin Bets $400M That Crypto Exchanges Beat Wall Street
Ken Griffin's market-making empire just wrote a nine-figure check to prove that crypto exchanges aren't just casinos anymore — they're infrastructure for the next generation of capital markets.
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Alpaca Raises $135M to Let AI Agents Trade Stocks and Crypto Autonomously
The brokerage that automated retail stock trading just raised a nine-figure round to let AI agents trade everything—and they're building the pipes for a market where your software buys assets while you sleep.
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Stripe Offers $53B for PayPal After Watching It Bleed Users for Three Years
The company that made digital payments boring just became the most interesting asset in fintech. Stripe and private equity firm Advent International bid over $53 billion to take PayPal private, sending PYPL shares up sharply
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Morgan Stanley Gives 6.7 Million Clients Direct Crypto Custody
The last time a Wall Street giant put crypto in front of millions of retail clients, it was ETFs that custody your coins for you. This time, you hold the keys.
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E*TRADE Now Lets Boomers Buy Solana Faster Than Bonds
The boring brokerage your parents use just made it easier to buy Solana than to buy a municipal bond.
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Visa Just Made Crypto Payments Default for 200 Million Merchants
The pipes just got programmable, and 200 million merchants didn't even know they were waiting.
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Pascal Raises $9M to Build Wall Street-Grade Prediction Markets
Institutional money doesn't bet on vibes—Pascal just raised $9M to prove prediction markets can run on rails Wall Street actually trusts.
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Alpaca Raises $135M to Build Wall Street for AI Agents
The first infrastructure company built for human traders just raised $135 million to serve machines instead. Alpaca, the BNP-backed brokerage infrastructure provider, closed a $135M round to expand into tokenized markets and AI-native financial services
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Prediction Markets Hit All-Time Highs While Crypto Crashes
While the rest of crypto was nursing losses and watching volumes contract, prediction markets just recorded the biggest quarter in their history.
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Japan's Largest Brokerage Tokenizes Real Stocks With Its Own Stablecoin
Japan just made the strongest institutional bet yet that tokenized stocks will replace brokerage accounts. SBI Group partnered with Ondo Finance to tokenize Japanese equities, with settlement running through SBI's JPYSC yen stablecoin instead of traditional rails
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88% of $60B in Tokenized Assets Sits Frozen in Just 62 Holdings
The headline number looks great until you realize almost none of it moves. The tokenized RWA market hit $60 billion, but 88% of that value is locked in just 62 assets out of more than 7,000 tracked products, most of which remain "concentrated, restricted, or inactive on-chain"
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Galaxy Bets Institutions Will Chase 8% Stablecoin Yields in DeFi
The gap between institutional capital and DeFi yield just got a Fireblocks-sized bridge. Galaxy launched Galaxy Curator, a Morpho-based platform giving Fireblocks' 2,400 institutional clients access to onchain stablecoin yield strategies
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ARK Calls BS on a16z's Blockchain Take
The real-world asset tokenization debate just got a thesis advisor and a hedge fund manager in a room, and only one of them is leaving with their worldview intact. ARK Invest disputes a16z crypto's claim that traditional finance wants permissioned blockchains, not DeFi rails
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SK Hynix Opens $28B Nasdaq Door as Micron's Rival Goes Direct
The world's second-largest memory chipmaker just gave American investors a masterclass in why global markets aren't efficient yet. SK Hynix debuted on Nasdaq with a $28 billion ADR listing, giving US investors direct access to the company that supplies HBM memory for most AI accelerators
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Visa and Stripe Just Built PayPal for AI Agents
The companies building the rails for Web2 just showed up to build the payment layer for Web4. Visa, Stripe, and Google have joined the x402 Foundation, a new open-source standards body designed to let AI agents transact with each other without human intervention
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Aave's $20B Protocol Just Launched the Feature Banks Don't Have Yet
The first live test of Aave's modular lending architecture just went cross-chain, and the infrastructure it's built for—tokenized credit markets—is still vaporware. Aave deployed V4 on Avalanche, marking the first time its new Hub and Spoke architecture runs outside Ethereum
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Tether Drops $20M Into Argentine Bank After Years of Banking Wars
The world's largest stablecoin issuer is buying stakes in banks, not replacing them. Tether invested $20 million in Ualá's $197 million funding round, joining the Argentine neobank's March capital raise
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Anthropic and OpenAI employees are about to make SF's tech wealth look quaint
The distance between "tech rich" and "AI rich" is about to become a chasm you can see from space.
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Someone Bet $300K on PayPal Hours Before $53B Stripe Bid
Someone knew, and they put $300K where their mouth is. Stripe and Advent International jointly bid $53 billion to acquire PayPal at $60.50 per share, a 28% premium, but PayPal has been reluctant to engage
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