HORYONCrypto Market Intelligence
Harvard's endowment held its BlackRock bitcoin ETF stake steady in Q2 after cutting the position 43% in the prior quarter, with a value of $101 million.
Bitcoin's Coinbase Premium Index has hit a record 90 consecutive days in the negative, dropping to -0.1066%. This signals sustained weakness in US-based buying demand compared to Binance.
Notable funding rounds include TradeZero's $231M raise, River Markets' $8.5M seed round, and Entravel's $7.5M raise. $249M was raised across 7 rounds this week, with eToro agreeing to buy TradeZero for $231M.
Aerodrome has generated $90 billion+ in volume on Base this year, more than 2X the next-best, and has launched its first code release.
Tokenized stocks have become an increasingly active asset class on spot DEXs, with trading volume surging 179% to $23.13 billion and distributed value rising 5.9% to $2.38 billion.
Polymarket has moved its accounts to a lender after JPMorgan cut ties in October, but still maintains a "close, active relationship" with the bank.
World Liberty Financial has received preliminary conditional approval for a US national trust bank charter, which could allow the firm to bring its $USD1 stablecoin operations in-house.
Texas has halted new AI data center construction due to concerns over water supply and electrical upgrades, with significant implications for Big Tech's expansion plans. The state's grid queue is overwhelmed, with 9 out of 10 requests belonging to data centers. This has led to increased costs and regulatory hurdles for companies like Amazon and Oracle.
Jesse Pollak discusses Base's growth and goals, aiming to become the 'internet exchange' for trading various assets, with significant TVL increase and notable user adoption. Base is focused on delivering long-term value and building systems to support trillions of dollars in the new economy. The platform is integrating a perps exchange and prioritizing perps in the second half of the year.
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