HORYONCrypto Market Intelligence
Canton Network’s developer closed a strategic round led by a16z, backed by Goldman Sachs, HSBC, Citadel Securities, and Abu Dhabi’s sovereign wealth fund.
Circle Research introduces Arc Multi-Proposer Protocol for bounded inclusion, fixed ordering, and app-aligned order flow in block building.
Real estate lender Kiavi bought for $717M to expand Figure’s blockchain-based tokenization platform.
Morpho raises $175M in a DeFi funding round led by Paradigm, a16z crypto, and Ribbit, marking one of the largest DeFi rounds to date.
Aerodrome enables AERO emissions for f(x) Protocol’s fxUSD/USDC pool, offering 3,139% APR at launch.
New MEV-resistant ETH pool on Aerodrome pays LPs significantly more than legacy pools since launch.
Strategic round led by Animoca Brands for payment infra enabling AI agents and users to transact with crypto.
Curve launches Llamalend v2, a new lending framework built around Curve liquidity, first on Optimism, supported by a 250,000 OP token grant.
MegaETH, World Chain, and Unichain cross-chain flows and bridge infra now tracked in L2BEAT’s interoperability dashboard.
TVLCap, co-founded by @lars0x, raises $5M to bring structured products onchain, aiming to improve DeFi infrastructure.
Aave partners with MasterCard to provide the credit layer for MasterCard's new Agent Pay for Machines, introducing a new operating model for commerce.
NFT lending protocol ceases operations after market contraction makes revenue unsustainable, with full wind-down by August 31.
Hyperlid Strategies (led by David Schamis) holds ~26.2M HYPE tokens (~10% of circulating supply) and $199M cash, with aggressive buybacks funded by a 90% USDC revenue-sharing deal with Circle/Coinbase. Hyperliquid’s pre-IPO derivatives (e.g., SpaceX, Anthropic) and USDH stablecoin are driving ecosystem growth, with regulatory tailwinds for perpetuals in the US.
The episode covers Hyperliquid's rapid growth (HYPE token, PER ETF, and pre-IPO trading like SpaceX), Monad’s chain strategy, and macro themes like AI-driven economic shifts, RWA tokenization, and US regulatory risks ahead of the 2024 midterms. Institutional adoption and onchain asset consolidation are key narratives.
The episode explores how 99% of users underutilize AI by treating it like a search engine, while advanced methods like 'Loops' enable autonomous, long-duration task completion. It dives into the evolution of AI agents, their enterprise adoption, cost constraints, and the shift toward recursive self-improvement (RSI) as a path to AGI.
Luke Gromen analyzes how a potential Fed chair Kevin Warsh would face a binary choice between defending the US dollar or the Treasury bond market amid soaring deficits, geopolitical oil shocks, and a shifting global monetary order led by China’s yuan/gold strategies.
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