HORYONCrypto Market Intelligence
BlackRock’s BUIDL fund on Avalanche surpassed $900M AUM, up 105% in a week, now at ~$2.87B total.
Japan’s SBI Group plans to launch a lending service offering 3% annual yield on JPYSC stablecoin deposits, per Nikkei. Service could debut this month.
Lawson convenience stores will trial JPYC stablecoin payments at a Tokyo location in early August, in partnership with KDDI and HashPort.
Kelp lost $292M rsETH due to a 1-of-1 DVN misconfiguration, not a code bug. Attacker borrowed against unbacked collateral on Aave, risking $230M bad debt.
Base’s $11.45B TVL is now addressable across Ink and Unichain, but single-sequencer failures remain unresolved. Failover architecture is the next critical watch.
Monad’s MIP-12 cuts vote pace to 300ms, but 26.8% of APAC windows already breach the floor. Watch for far-node participation post-July 13.
Morpho captured 90% of recent lending liquidations, with Robinhood Earn’s "insured" 7% APY exposed to the same vaults. First blowup may hit Earn directly.
Blockchain initially seen as key tech, later realized tokens (crypto) are the core value driver Private property on the internet via tokens identified as the fundamental unlock Prediction: >90% (possibly 95% or 99%) of tokens will be worthless Sarbanes-Oxley noted as applying to public capital market companies, not de novo crypto startups USDG (stablecoin) discussed as less liquid than USDC/USDT, potentially increasing market maker costs Bonk token governance exploit: ~$4.4M worth bought across exchanges (BB, Binance) to meet 1% quorum Chronicle (protocol) positioned to provide end-to-end tran
The episode analyzes Bitcoin's current cycle position, with guests Michael Terpin and Marko Zelman debating bottom timing (October 2024 likely), MicroStrategy's MSTR share sales, tokenized asset growth, and the Clarity Act's political odds. Price targets include $70K–$80K BTC by year-end, $100K+ by 2027, and a 2028 super-cycle peak.
The episode discusses how SEC Chairman Atkins aims to create clear rules that support innovation while protecting investors, noting that the SEC can establish an innovation exemption via rule or order without needing congressional approval. It emphasizes that products solving real user needs build a constituency that can resist regulatory rollback.
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