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crypto fintech 2026 lineup - tokenized everything: stocks - PE - bonds etc - lending infra still going strong: bullish morpho and structured financing -FX: non-USD derivatives growing with more regional products - growing financial agents for businesses and personal finance

Together with @Amundi_FR, Europe’s largest asset manager, we’re thrilled to introduce the Spiko Amundi Overnight Swap Fund, or SAFO, a new tokenized fund optimized for cash and collateral management. 🏛 UCITS-compliant. 🔄 Built on fully collateralized total return swaps with global systemically important banks, starting with BNP Paribas. 💰 Offering stable yields above risk-free benchmarks and overnight liquidity. Available in four currencies, with subscriptions/redemptions from as little as 1 EUR, USD, GBP, or CHF. ⛓ On-chain shareholder register, providing real-time transparency, flexible custody options, and 24/7 borderlerless transferability of fund shares. ⚡ Programmatic access via API and smart contracts.

The French startup, Mistral AI unveils Forge, a platform enabling enterprises to build AI models grounded in their own data, workflows, and systems. Not generic AI, but tailored intelligence. ASML, ESA, Ericsson already onboard. Europe is stepping up 🇪🇺

The owner of the S&P 500 index is licensing the world’s most tracked stock index for the launch of a derivative contract that trades around the clock on the crypto exchange Hyperliquid on.wsj.com/4bezxK0

S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid. For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes. The S&P 500 perp is now available 24/7/365, anchored by the official index data required for deep liquidity and institutional confidence at scale.  SPDJI helped define modern indexing. They are stewards of an iconic benchmark, the standard against which portfolios across the globe are measured. We are honored to bring that legacy on-chain. Trade[XYZ] is bringing the world's most iconic assets towards a future of global, continuous markets — a future powered by Hyperliquid.

.@williamhockey is one of the least visible founders in tech relative to what he has created. He co-founded Plaid and is now building Column, a software company that owns a bank, and powers Ramp, Wise, Bilt, Mercury, and others. He funded it himself by borrowing against nearly everything he had in Plaid shares, and has never raised any outside capital. His story matters because so much of the value in our industry gets created through exactly this kind of extreme personal risk. He is maniacal about being the best in the world at his thing, and has spent his entire career betting on himself and doing whatever it takes to win. He also spends a lot of time outside the US (in places like Kinshasa) which has given him a rare perch on the power of the US dollar. We discuss: - Why emerging markets are often the most financially innovative - What owning 100% of his company allows him to do that VC-backed founders cannot - Getting margin called and nearly going bankrupt - Why the best founders are specialists - What it takes to be the best in the world at your thing - How Silicon Valley's consensus culture produces consensus founders - How the US dollar functions as an instrument of national security Enjoy! Timestamps: 0:00 Intro 9:19 Emerging Markets 14:03 Silicon Valley's Elite Consensus Problem 16:03 Rejecting the VC Hamster Wheel 21:45 Equity and Liquidity 26:03 Funding a Bank 29:45 The Necessity of Extreme Founder Risk 37:18 Finding Leverage 45:20 Longevity and Profitability in Banking 48:46 Matching Your Capital Structure to Your Business 51:44 The Unseen Power of the US Dollar 1:02:30 How AI Will Transform Legacy Banks 1:09:23 The Kindest Thing

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red hot off the RSS feed: SEC Crypto Guidance including a token taxonomy, how non-securities tokens interact with the Howey test, mining, staking, airdrops, and wrapped assets 🔥 the full release is 70 pages so will take a little to run through, but have fun! sec.gov/newsroom/press…

@kugusha @Morpho when morpho will be 1T TVL, there will be sign (120%cashmere)

@dataoverdose @Morpho 90% cotton 10% cashmere i am stealing this*

La @Morpho couture, best dressed in Cannes is taken 🧚🏼‍♀️

you’re pitching garry tan “so what do you guys do” you start explaining he’s furiously typing . two keyboards. one hand on each. you’ve never seen this before “who are your top customers” you explain. he types. his apple watch is a strobe light of notifications “who’s your competition and why should i invest” you explain that there’s no competition and you are the best and only product in the space “false!” garry jumps out of his seat “i am the competition!” you are speechless “in this meeting, i vibe coded your entire company. and my gstack has already closed your top customers.” you check your phone. your stripe graph shows 100% churn “and look at this” garry shows you his imessage. there’s a text from 35 seconds ago. your top enterprise prospect that you’re trying to close? garry’s AI is trading baking recipes with the CEO’s mom “thank you for playing!” you have no moat. you are not admitted to the YC spring 26 batch.

while people debating revenue on token value accrual on a growth stage company that is breaking status quo in global lending infrastructure. team busy shipping targeting 100000B aum in 5 years

@jaibhavnani @creditcoop_xyz

When onchain lending markets / curators realize they can transform risk via onchain structured credit, things are going to go insane.

this is actually insane > be tech guy in australia > adopt cancer riddled rescue dog, months to live > not_going_to_give_you_up.mp4 > pay $3,000 to sequence her tumor DNA > feed it to ChatGPT and AlphaFold > zero background in biology > identify mutated proteins, match them to drug targets > design a custom mRNA cancer vaccine from scratch > genomics professor is “gobsmacked” that some puppy lover did this on his own > need ethics approval to administer it > red tape takes longer than designing the vaccine > 3 months, finally approved > drive 10 hours to get rosie her first injection > tumor halves > coat gets glossy again > dog is alive and happy > professor: “if we can do this for a dog, why aren’t we rolling this out to humans?” one man with a chatbot, and $3,000 just outperformed the entire pharmaceutical discovery pipeline. we are going to cure so many diseases. I dont think people realize how good things are going to get

Atoms. atoms.co/vision

@Harsha2077 concentrated in two closest expiries is quite normal tho, this is where liquidity is. too but overall agree on OI. team is based

you've probably seen screenshots of $DRV OI next to Hyperliquid and Aster from ppl shilling it as "undervalued" i dug into the numbers. here's what's actually going on first, that $1.3B OI is almost entirely options notional. Derive's own dashboard breaks it down: BTC: $528M total OI • $507M options • $21M perps ETH: $97M total OI • $94M options • $3.4M perps so actual perp OI is only ~$24M. the "$1.3B" figure comes from options notional value (which makes sense because Derive is an options protocol). but options notional and perp OI are completely different things. in perps, $70k notional = a real $70k position with collateral and liquidation risk. yes leverage inflates it, but typically by ~5–10x. in options, $70k notional just means the contract references $70k of the underlying. the premium paid might only be $200–$400. the inflation vs real capital can easily be 100x+. this is why TradFi doesn't report options OI in notional. CME and CBOE report contract count. Deribit (the largest crypto options exchange) does the same: • 483,124 contracts headline • $33.7B notional shown separately clear and transparent. Derive only shows notional OI as the headline, with no contract count on the trading UI. so i went to their stats page. Derive has roughly ~8,000 BTC options contracts across all strikes. Deribit has ~483,000. that puts Derive at ~1.7% of Deribit's size. to be clear, i actually like Derive as a project. the team is solid. but when someone puts Derive's "$1.3B OI" next to Hyperliquid and Aster and says "look how undervalued", they're comparing options notional to perp OI. it's apples to oranges. also worth noting: Derive's OI is concentrated in just two expiries (March 27 and June 26), suggesting a small number of large positions. so the real picture is: • ~8,000 options contracts • mostly one-sided call selling • concentrated in two expiries • ~1.7% of Deribit's size if someone's selling you $DRV based on "$1.3B OI at $76M mcap", they probably don't understand options. also @DefiLlama can do better here. options protocols like Derive shouldn't be ranked by notional OI alongside perp protocols. either show contract count for options or at least separate the categories. the current setup is misleading

UK. Banking. License.

My information consumption is now 1/4 X, 1/4 podcast interviews of the smartest practitioners, 1/4 talking to the leading AI models, and 1/4 reading old books. The opportunity cost of anything else is far too high, and rising daily.

dated markets acceleration

15% ($1 billion USD) of all non-looping DeFi borrows are from Coinbase users on Morpho. Expect this to become the primary use case for DeFi lending over the next year.