HORYONCrypto Market Intelligence
Stablecoin payments infra for LatAm raises $32M Series A, led by CoinFund with Coinbase Ventures, Jump, Haun Ventures. Over $10B processed.
Ripple has invested in African payments firm Flutterwave at a $3.2B valuation, with RLUSD and the XRP Ledger set to support cross-border payments across Africa.
Anti-AI slop ad platform raises $6M from 1kx, Circle Ventures, Coinbase Ventures, Social Graph VC.
Ondo Global Markets adds 173 new tokenized stocks/ETFs, now spanning 430+ assets across Ethereum, Solana, BNB Chain.
Polychain and Coinbase-backed perps DEX winds down, citing unfavorable market conditions.
SpaceX has acquired AI coding startup Cursor in a $60B all-stock deal, expanding its presence in the AI sector.
Zama, Morpho and Steakhouse launch first confidential USDC yield vault, letting users earn on Steakhouse Prime USDC while keeping balances private.
StablecoinX DVN now enabled across all chains in Ethena ecosystem, verifying cross-chain messages for USDe/sUSDe via LayerZero.
New syzUSD/USDC pool on Monad combines yield from Yuzu (syzUSD) and Euler (USDC), with Clearstar Labs curation.
Novig has secured CFTC designation as a Designated Contract Market, marking a significant regulatory milestone for the company, which is backed by Pantera Capital.
Joseph Wang analyzes the implications of a hawkish but communication-light Fed under new Chair Kevin Warsh, arguing disinflation and market fragility make 2025 rate hikes unlikely despite market pricing. He explores structural limits of monetary policy, balance sheet mechanics, and late-cycle risk asset signals.
Sam Boboev argues AI agents will autonomously execute financial transactions by 2026, with stablecoins as the native programmable currency, while incumbents like Revolut, Visa, and Mastercard leverage data and infrastructure to dominate the agentic economy.
The episode explores the rising institutional and ideological demand for privacy in crypto, covering Zcash as a private store of value, Zama’s confidential DeFi yield, T-Rex’s compliant RWA tokenization, Canton’s institutional DeFi infrastructure, Near’s confidential intents, and Venice’s private AI inference. It ties privacy to censorship resistance, regulatory risks, and mass adoption.
The episode analyzes macro forces (Fed policy, Iran-driven oil shocks) and their impact on risk assets, while arguing Bitcoin and select crypto protocols are undervalued amid a speculative shift toward AI, pre-IPO equities, and perpetual futures. It also contrasts crypto market dynamics with traditional finance, highlighting tokenized equities and DeFi revenue models.
Leopold Aschenbrenner's fund Situational Awareness has grown to over $20B notional, largely via a massive short position against NVIDIA and long bets on AI infrastructure bottlenecks like power and memory. The episode dissects his thesis that the AI trade is rotating from semiconductors to physical constraints, and highlights specific plays like Marvel and Bloom Energy.
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