Stuart

A wild week at Token2049 capped off with @solstice_io taking the W at @CryptoFightWeek. @ben_solstice

Kraken will list $SLX Binance is likely to list on spot Now we need Upbit. 1 $SLX = $1+ 🤓 We feast on Monday

The Solstice Market has grown ~20% since the beginning of May, crossing $60M in total market size. Onchain credit markets continue scaling on Kamino.

@solsticefi @Bullish 👀

Institutional capital is moving onto Solstice. @Bullish, the NYSE-listed digital asset platform, has announced an allocation into Solstice's delta-neutral yield strategy. Bullish on Solstice. Full announcement: coinmarketcap.com/community/arti…

A NYSE-listed exchange just allocated capital into @solsticefi. This is the barrier between Wall Street and DeFi coming down in real time. @Bullish (NYSE: BLSH) deployed into eUSX, and Solstice just crossed $400M TVL. Solstice had been heads-down on this for years. Moments like this are why. ↓ Full announcement: coinmarketcap.com/community/arti…

Enhanced Games athlete in photo is James “The Missile” Magnussen. Australian swimmer with an Olympic silver medal. Said he’d “juice to the gills” if offered $1m to break 50m freestyle record of 20.88. Enhanced Games agreed. This vid of him is most viewed on its YouTube channel and top comment is incredible: “you can see his back from his front”. Absolute tank. 6’6 and will weigh ~250lbs for the swim. For the inaugural Enhanced Games this weekend, Magnussen will also wear a full-body polyurethane super swimming suit that was banned after 2008 Beijing Olympics (he’s been training and doping at a facility in LV).

Institutionalised sour grapes, move on guys, its embarrassing now

So Hearts meet with SFA on Monday and hear audio/get confirmation of game ending. SFA "agree" not to publish audio (presumably to avoid embarrassing McInnes) Hearts then release statement lying about events. SFA forced to embarrass McInnes and Hearts with audio Lovely 😂🍀

@AriDavidPaul @davemacleod09 "Driving round Ben nevis looking for dry rock" = same as hunting for yield in defi in 2026

@StuartC_DX @davemacleod09 I gotta ask Dave. We were driving around the Ben Nevis area looking for dry rock, not sure the name of where we ended up.

Climbed with Scottish legend @davemacleod09 in the highlands. Check out one of his epic free solos: youtube.com/shorts/COoLEum…. Links to more of his content in reply.

Gary Neville, Ian Wright and Roy Keane praising Celtic and MON. So much for being hated 😉 You can tell Keane idolises Martin, that’s how respected the man is.

@Quinny3001 MON 3-5-2 is an iconic formation that he absolutely owns (if he didn't already)

Nothing but joy, elation & relief. regrettable we've given everyone else a stick to beat us with Martin O'Neill pulling out the 3-5-2 finisher move to win the League with the last kick of the ball is a fairytale like no other & I won't be told otherwise🍀 🏆🏆🏆🏆🏆

🇱🇻 Hearts hearts are broken as they lose the title after leading the 🏴󠁧󠁢󠁳󠁣󠁴󠁿 Premiership for 32 consecutive rounds, only to lose it on the last day of the season.

Rangers are a cancer in Scottish football. Lets not be kidded. They and their pundits are driving this bias for Celtic agenda. They are hurting more than ever that they have a klub of losers and it kills them that we are the Kings of Scottish football. Look in the mirror Huns

CHAMPIONS AGAIN! 🏆 Celtic are crowned Champions of Scotland for the FIFTH season in a row! Huge congratulations to Martin O’Neill and the Bhoys #Champion5 | #CelticFC🍀🏆

Never in doubt 🍀🏆

@Bkclaims you are 100% correct mate. Also this notion that an unapproved transfer results in the Stock simply being cancelled / expunged is ludicrous. Surely the most extreme outcome would be the unwinding of transfers between parties.

Ok now I’m getting on my soapbox and let’s call this what it actually is: OpenAI, Anthropic, SpaceX and the broader unicorn ecosystem spent YEARS building quasi-public markets because it benefited them enormously: -inflated valuations -employee liquidity -insider cash-outs -perpetual fundraising -hype cycles -media signaling -and public-market style price discovery WITHOUT public-market disclosure obligations The entire game was engineered around dancing on the edge of Section 12(g) of the Exchange Act. SPVs Nominee holders Forward contracts Synthetic exposure Transfer restrictions Feeder vehicles “Access” products All designed to get the benefits of being public while avoiding the responsibilities of being public. And now, after years of insiders getting rich off this gray-market ecosystem, suddenly they want to control who gets access, who gets liquidity, who can transfer, who gets information, and who gets to participate. Sorry. That’s bullshit. You created the monster. You fed the monster. You pumped valuations using the monster. You allowed insiders and connected funds to monetize the monster. Now outsiders finally show up and suddenly everyone wants to pretend private markets are some sacred country club? No. The entire structure was intentionally designed to avoid the spirit of Section 12(g) while still harvesting public-market dynamics. And this is EXACTLY why Congress created 12(g) in the first place — because companies were effectively becoming public without disclosure, transparency, or equal treatment of market participants. We already saw this movie with Facebook, SharesPost, SecondMarket, and the pre-IPO secondary boom. The SEC literally warned about this exact trajectory over a decade ago. You cannot spend 10 years manufacturing quasi-public liquidity and then suddenly scream “private company!” once the market becomes inconvenient for insiders.

The Anthropic/SPV situation is way more legally complicated than “the transfers violated the charter, therefore buyers get zero.” That is not how Delaware equity jurisprudence works - especially in Chancery. Sure - Anthropic can absolutely argue that transfers required board approval and that certain structures attempted to circumvent transfer restrictions. Fine. That is a serious argument. But Delaware courts also care deeply about acquiescence, waiver, estoppel, reliance, and equitable fairness. And that is where this gets messy. These secondary/SPV structures did not appear overnight. This ecosystem existed openly for YEARS. Deals were marketed publicly. Prices were tracked publicly. Entire platforms existed around them. There are almost certainly internal emails, texts, compliance discussions, board materials, screenshots, and executive conversations acknowledging these markets existed and choosing not to enforce against them in real time. At some point Chancery starts asking uncomfortable questions: Did the company knowingly allow a secondary ecosystem to develop? Did sophisticated parties rely on that silence? Did insiders themselves participate in or benefit from these markets? Did the company selectively enforce only after valuations exploded? Did they “sleep on their rights” while billions in reliance capital formed around these structures? And even IF some transfers are ultimately voidable, that still does not mean counterparties are left with no remedy. Delaware equity courts are not blind to unjust enrichment, reliance damages, constructive trust theories, rescission claims, tortious interference issues, or other equitable relief where parties acted in good faith based on years of tolerated market practice. That is the key point people are missing: this is not just a pure four-corners corporate charter case anymore. Once a company knowingly permits an entire shadow secondary market to flourish for years, equity enters the chat. And Delaware Chancery is literally the home of equity.

Being on Korean TV is one for the books. Our CEO @ben_solstice joined Korea Economic TV Global to discuss how Solstice solves the volatility problem. Global appetite for sophisticated DeFi keeps growing, and we’re ready to meet it.

Hahahahahahaha unreal 🤣😎🍀