HORYONCrypto Market Intelligence
Crypto/onchain trading app Fomo (founded by ex-dYdX) closed a $75M Series B at a $550M valuation led by Index Ventures, with USV and Benchmark participating. Plans to expand beyond crypto into tokenized stocks and derivatives.
Blockchain data provider secures funding led by Amplify Partners, with Kleiner Perkins and Theory VC participating. Data infra remains a high-conviction bet as agentic workflows demand cleaner inputs.
Traditional asset manager acquires active crypto investment firm to form Franklin Crypto, signaling deeper institutional entry into liquid token strategies.
Strata’s yield-bearing USDe vault token (PT-srUSDe-OCT26) is now acceptable collateral on Aave V3 Core Market. Borrow stablecoins against it at 2.7% with a $25M supply cap.
Five former Ethereum Foundation researchers (including Barnabé Monnot and Ansgar Dietrichs) spun out Ethlabs, a non-profit R&D lab backed by BitMNR, Sharplink, and Joseph Lubin. Mandate: faster L1 execution, better bridges, deeper protocol-product loop.
Aztec's core Rollup contract ownership was revoked via onchain governance, shortening governance delay from 30 to 2 days. Critical code is now immutable; users retain an always-on escape hatch, though Labs flagged proof-system vuln limits to a future rollup version.
🚨, Attackers exploited Taiko's proof verification path via an exposed Raiko SGX enclave signing key on GitHub, forging bridge messages to release canonical L1 assets. Taiko halted the network and urged users to withdraw.
13 new plugins (Balancer, OpenSea, o1.exchange, Yield, Venice, KyberSwap, Bitrefill, etc.) now let AI agents transact, trade, lend, mint, and buy onchain via Base. Agentic DeFi tooling matures.
Indonesian fintech building NIDR, a Rupiah-pegged stablecoin, closes strategic round from Meili Capital and Lion Group. Local currency stablecoins are heating up in emerging markets.
100+ year-old asset manager debuts its first natively onchain bond fund. Token is the legal source of truth, subscriptions and redemptions in stablecoins, UK-regulated.
WalletConnect CEO Jess Hoggrave outlines the protocol's growth, driven by stablecoin adoption, modular compliance, and enterprise-grade payments infrastructure, with $6B in weekly stablecoin volume and expansion into RWAs, B2B, and traditional finance integrations.
Perpetual futures (perps) are leveraged crypto derivatives popular for retail trading, tracing back to 19th-century 'bucket shops' and facing modern regulatory hurdles like U.S. geo-blocking due to CFTC restrictions. Decentralized perp markets have yet to secure U.S. approval, though they’ve grown rapidly from centralized to on-chain venues.
The episode covers Korea-driven market contagion, Ethereum Foundation layoffs, tokenization trends, and Bitcoin's long-term adoption trajectory, with deep dives into tokenized equities, Hyperliquid, and MicroStrategy’s leverage. Guests include Swan’s Corey Klipstein and Alpaca reps, discussing infrastructure, regulation, and price outlooks.
The episode covers the release of GLM 5.2, a high-performance open-weights AI model from Chinese firm Jeepu (Knowledge Atlas Technology), which rivals frontier models like GPT 5.5 and Claude Opus 4.8 at a fraction of the cost. It explores the rapid advancement of open-source AI, geopolitical tensions around model restrictions, and the shifting economics of local vs. cloud inference.
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