HORYONCrypto Market Intelligence
Kraken migrated $4B+ from LayerZero to Chainlink CCIP after Kelp’s $292M exploit, forcing all future integrations to use CCIP. Bridge market just bifurcated into institutional (CCIP) and retail (LZ).
Circle deploys $5B USDC treasury to Hyperliquid, with 90% of yield (~$180M/year) flowing to HYPE buybacks. Perps war just split into two tiers: those with treasury yield and those without.
THORChain launched a recovery portal after a $10.8M exploit, allowing affected users to revoke malicious approvals and claim refunds. Another reminder that even cross-chain giants aren’t immune.
Bitcoin DeFi protocol Lombard Finance is also moving away from LayerZero following Kelp’s exploit. The exodus is real, and the narrative is shifting.
Crypto exchange Gemini has secured a $100 million Bitcoin investment from its founders' fund and revealed a 42% year-over-year Q1 revenue bump.
Aero generates more revenue for token holders than Uniswap despite 3x less volume. MEV-resistant pools and Arc migration are paying off.
Dunamu, a South Korean fintech company, has raised $670 million in funding from investor Hana Financial Group.
Coinbase’s x402 protocol hit 169M payments with 99.8% in USDC, as AI agents settle compute and services onchain. CLARITY Act’s agent exemption cements Base as the default rails for autonomous commerce.
Nof1, an AI lab, has raised $15 million in funding from investors Karatage and SUIG.
The episode debates whether an on‑chain repo market can scale to $1 trillion, outlining how repo could improve liquidity and capital efficiency while noting the lack of standardized contracts as a major obstacle.
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