I can't agree with this more. Simply tokenizing equities isn't hard. Bootstrapping enough liquidity to facilitate the global-scale trading is. Mirror protocol did that before (if you are a DeFi veteran you'll know); Synthetix Exchange ⚔️ did that too way way earlier on. They all failed

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This should be the biggest blow to the tokenized private equity narrative, and there’s no solution to this unless the tokenized deals can get approval from these private companies first

Can existing fintech companies successfully integrate with stablecoin payment solutions, or can new startups beat them down with first-principles approach? We will see in the next few years

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This gives you some ideas about Grok 4 before its official release, developed by the xAI team after days and nights sleeping in the office (the photos below are real, by djcows)

Erebor Bank, aimed at filling the void left by the collapse of Silicon Valley Bank (SVB), is backed by chads: - Peter Thiel (self-explanatory) - Palmer Luckey: the co-founder of Anduril Industries (defense tech) and Oculus 👉 Meta Quest (acquired by Meta) - Joe Lonsdale: co-founder of Palantir It

The ugly side of RWA tokenization by centralized entities: 2-3 days ago Robinhood deployed a liquidity pool for $SPACEX trading - the tokenized private equity of SpaceX But later (1) they changed the ticker from 'SPACEX' to Demo Token 1', (2) stopped the trading of $SPACEX

The follow-up of $42M exploit GMX 🫐 may have sharp contrast with Cetus🐳's a $223M exploit where $162M of stolen funds was recovered. If most of the $42M can't be recovered, it is a good question of whether there should be compromise of decentralization for security.

I am a bit surprised that neither Binance, OKX nor Coinbase 🛡️ be the CEX partners for $PUMP’s ICO 🤔

“Every pre sale is a scam by Alon, the pumpdotfun founder in March 2024. Things look more interesting now 👀

With more and more stablecoin issuers, cap's launch of CSN helps alleviates the issue caused by the heterogeneity of different stablecoins!

Big news related to stablecoins and RWA tokenization in 25H1: - B2B stablecoin payments grew 5x - The US Senate passed the GENIUS Act on June 17 - South Korea is working out a bill permitting Won-pegged stablecoin issuance, as per Ryan Kim from #Hashed and 100y.eth

LOL

President Donald J. Trump will sign an executive order that allows investment in cryptocurrency and other alternative assets in 401(k)s, meaning a potential capital influx of roughly $12.5 trillion held in those retirement accounts. Though not gonna happen overnight, it’s huge

Flying to NYC… and particularly interested in meeting stablecoin issuers and payment chads - anyone around? 👀👀