HORYONCrypto Market Intelligence
Crypto hacks exceeded $1.1B across 212 incidents, with Ethereum and Solana projects losing $332M and $326M respectively; KelpDAO’s $292M exploit was the largest.
Ironwood upgrade activated, sealing Orchard shielded pool and launching a new private pool with formal verification against counterfeiting.
Aqua liquidity protocol now live on 13 EVM chains, letting LPs back multiple positions from a single wallet balance.
sPENDLE buybacks surpassed $3M, with over 100M PENDLE staked (36% of supply) and emissions down 71% since January.
Dow Protocol, a real-world asset platform, has secured $9 million in seed funding from investors including MH Ventures, OKX Ventures, and Animoca Brands.
Curve DAO Treasury now holds DOLA (sDOLA) as a core treasury asset, a strong endorsement for Inverse Finance’s decentralized stablecoin.
Psalion, a Singapore-based fund manager, has launched a $50 million fund targeting early-stage blockchain startups, focusing on areas such as infrastructure, real-world assets, and DeFi.
RL1 goes live as a member-owned blockchain cooperative backed by 10 European banks, including ABN AMRO and Natixis CIB.
Tether signed a tokenization deal with Nairobi Securities Exchange covering tokenized securities, blockchain market infra, and USDT as a settlement layer.
Oracle worked as designed, but platform will cover liquidation losses from a Korean pre-market price anomaly that dropped SKHX mark price ~19%.
Birdai, an on-chain execution infrastructure, has raised $4 million in a seed funding round led by Castle Island VC, with participation from Dept VC and Metalaye VC.
Live from Rare Evo in Las Vegas, the episode covers institutional crypto adoption, regulatory battles (Clarity Act, Genius Act), XRPL and Ripple updates, AI/data center economics, Binance US strategy, stablecoin growth (Frax, OSD), and niche protocols like Lighter and Minutes Network. Market structure, policy odds, and forward-looking calls on Bitcoin, XRP, and stablecoins dominate.
Warren Buffett's Berkshire Hathaway made a massive, record-breaking investment in Alphabet (Google) starting in late 2025, accumulating over 50 million shares and committing $10B to a private placement by mid-2026. The move is driven by Alphabet's explosive cloud growth (82% YoY) and AI capex conversion, despite concerns about negative free cash flow and an AI infrastructure overbuild. Buffett views Alphabet as a capital-intensive 'railroad-like' business with dominant competitive advantages, justifying the near-all-time-high entry price.
1inch co-founder Sergey Coons introduces Aqua, a shared liquidity protocol designed to optimize capital efficiency and capture idle liquidity. The protocol utilizes intent-based mechanisms and sub-wallets to allow users to deploy capital across multiple strategies without locking funds in smart contracts.
Miles Jennings from a16z crypto explains the CLARITY Act, a market structure bill that aims to create a tailored regulatory framework for digital assets by establishing jurisdictional lines between the SEC and CFTC, classifying network tokens as digital commodities, and applying securities-like disclosure requirements without imposing central control. The bill was spurred by the FTX crisis and seeks to provide long-sought regulatory clarity for the crypto industry.
The episode analyzes SpaceX's stock decline of over 50% from its all-time high, contrasting it with the successful Starship Flight 13 launch. It explores SpaceX's valuation, financial losses, and the implications of its merger with xAI, positioning SpaceX as a multi-faceted investment covering space launch, telecom, GPU compute, and AI. The discussion highlights unlock risks, competitive advantages, and the potential for AI satellite training.
The episode discusses the intersection of AI and crypto, focusing on the open vs. closed AI debate, the pivot of crypto miners to AI compute, and the rise of RWA derivatives trading on platforms like Hyperliquid. It also covers macroeconomic factors (rates, oil, Treasury yields) and regulatory uncertainty around the Clarity Act.
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