EXCLUSIVE: Late Ondo founder’s mother seeks control of company and removal of De Bode as CEO https://t.co/Cig3mglAT2

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

THE BLOCK: Bernstein reiterated Circle at Outperform with a $140 price target, arguing its Q2 results counter bearish concerns over competition and reserve income. Analysts said investors may be underestimating Circle's distribution, regulatory position, and additional revenue streams tied to its layer 1 network Arc.

Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump

THE BLOCK: Circle named 11 founding validators for its Arc blockchain, including BlackRock, Visa, Mastercard, and DTCC, ahead of a Sept. 16 public mainnet launch. BlackRock is expected to deploy BUIDL on Arc, while Circle is collaborating with DTCC to enable the tokenization of DTC-custodied assets on the network beginning in H2 2027.

Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump

THE BLOCK: Hyperscale Data secured a $30 million bitcoin-backed loan through Morpho to help fund its Michigan AI data center expansion. Last week, the company sold approximately 100 BTC and established a bitcoin-backed credit facility as part of its AI infrastructure financing strategy.

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

"It's empirically true that @blknoiz06 has revived the trenches." @nansen_ai CEO @ASvanevik says platform analytics show solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump bucked the trend of short-lived memecoin attention. However, he thinks RWA/securities trading is really driving renewed trading volumes on Solana.

Name & Symbol: The Black Bull ($ANSEM)
Address: 9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump

THE BLOCK: ethereum:native , solana:So11111111111111111111111111111111111111112 and avalanche-2:native prices fell sharply over the past year, even as their networks grew busier and cheaper. "We've seen a big divergence between network fundamentals and market sentiment," Bitwise Head of Onchain Research Kam Benbrik said.

Name & Symbol: Wrapped SOL ($SOL)
Address: So11111111111111111111111111111111111111112

THE BLOCK: Solana solana:So11111111111111111111111111111111111111112 and Hyperliquid hyperliquid:native ETFs have combined to account for nearly 80% of non-BTC and ETH ETF volume, with Hyperliquid ETFs having launched only two months ago. https://t.co/N90x7cSUyT

Name & Symbol: Wrapped SOL ($SOL)
Address: So11111111111111111111111111111111111111112

THE BLOCK: Robinhood CEO Vlad Tenev said the Robinhood Chain is being developed to be "the best chain for RWA" and great for memes. The Arbitrum-based Layer 2 went live on public mainnet earlier this month. https://t.co/rMh4MJLcbu

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Today on The Starting Block! Talking solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump with @Deebs_DeFi from @bubblemaps Then Bitcoin, Strategy and Saylor with @Croesus_BTC We’re live on @TheBlockCo 👇 https://t.co/KXEwRoD02r

Name & Symbol: The Black Bull ($ANSEM)
Address: 9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump

EXCLUSIVE: @Humanityprot founder @terencekwok unpacks $36M exploit in first interview since the incident. Kwok told The Starting Block that chances of recovering funds are low, and that the project is actively working with intl law enforcement. @TheBlockCo https://t.co/gEfeuG3T3K

Name & Symbol: Humanity ($H)
Address: 0xe76c5b78f93909d34404e9eb4c1f19e7582a5de1

Humanity Protocol repositions toward enterprise AI after $36 million hack, founder says https://t.co/wwACfu3jJi

Name & Symbol: Humanity Protocol ($H)
Address: 0x44f161ae29361e332dea039dfa2f404e0bc5b5cc

Panther Hollow launches multi-strategy merchant bank focused on compliant RWA and yield strategies https://t.co/wx3afD0O5t

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

THE BLOCK: Standard Chartered initiates coverage of Morpho, sees token rising 33x to $60 by 2030. The bank cites Morpho Vaults and DeFi lending expansion as primary drivers for the projected valuation increase. https://t.co/hLqOVCvmar

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

THE BLOCK: https://t.co/odYCkTfAST named former LSEG and Barclays executive Iskandar Vanblarcum managing director of the https://t.co/odYCkTfAST Exchange. He will focus on expanding institutional clients and leading planned regulated prediction markets and RWA offerings. https://t.co/AYmI8SyMF8

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

THE BLOCK: Aave founder Stani Kulechov disputes the framing of reported Kraken stake deal. He says there's "no way" Aave sells solana:AavE1kKKnesPw4MuRJmJ9jZs9QzEE8CPxQ3ViczUDfc1 at a 70% discount, but confirms participants have discussed buying Aave Labs' token allocation through partnerships.

Name & Symbol: Aave ($AAVE)
Address: AavE1kKKnesPw4MuRJmJ9jZs9QzEE8CPxQ3ViczUDfc1

THE BLOCK: MemeCore's M token plunged more than 80% as ZachXBT revived allegations of insider manipulation and questioned why some exchanges listed it. https://t.co/kh2MmZ6nv6

Name & Symbol: MemeCore ($M)
Address: 0x22b1458e780f8fa71e2f84502cee8b5a3cc731fa

Tokenized RWA market cap rises 40% to top $51 billion as industry races to define equity tokenization model: Bernstein https://t.co/OLV3oAk4Ex

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Zama, Morpho and Steakhouse launch first 'confidential DeFi yield' vault on Ethereum https://t.co/gmPmQdwlsa

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

Zama, Morpho and Steakhouse launch first 'confidential DeFi yield' vault on Ethereum https://t.co/gmPmQdwlsa

Name & Symbol: Zama ($ZAMA)
Address: 0x6907a5986c4950bdaf2f81828ec0737ce787519f

Highlight of the day - catching up with @jackmallers at @btcprague. We spoke about @Strike, Bitcoin lending, @salyor and @strategy and a quick update on @twentyone. Full interview dropping soon on @TheBlockCo. You can also rewatch the interview on the livestream below 👇 https://t.co/ol4Q89LMI7

Name & Symbol: StrikeBit AI ($STRIKE)
Address: 0x2aa89a0113bcbbcdc5812c6df794e2d9650fc1af

@Polymarket US weekly volumes top a record new ATH, driven by the NBA Finals between the New York Knicks and San Antonio Spurs 📈 https://t.co/NjyegzbQp7

Name & Symbol: Aethir Token ($ATH)
Address: 0xbe0ed4138121ecfc5c0e56b40517da27e6c5226b

JUST IN: MORPHO RAISES $175 MILLION IN ROUND LED BY A16Z CRYPTO, PARADIGM AND RIBBIT CAPITAL https://t.co/TXVOMm2lNO

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

ICYMI: Here’s a quick news wrap from our U.S. session at @TheBlockCo 🏛️ White House crypto adviser Patrick Witt defended the Clarity Act, calling it “pro-law enforcement” as lawmakers race to advance the bill. 🔒 Visa and Brale are testing privacy-enabled SBC stablecoin settlement on the Canton Network. ✈️ Travala unveiled an agentic AI travel protocol with gasless USDC payments on Base. 🏦 Senate Republicans urged financial regulators to rework bank capital rules for digital assets. ⏳ JPMorgan said crypto market structure legislation may have only a narrow window for passage this year. 🧬 Chainalysis said top-tier gray-market peptide vendors have increasingly turned to bitcoin and stablecoins. 💰 Ether[dot]fi allocated $100 million to a Plume RWA vault, giving users access to yield.

Name & Symbol: Plume ($PLUME)
Address: 0x4c1746a800d224393fe2470c70a35717ed4ea5f1

ICYMI: Here’s a quick news wrap from our U.S. session at @TheBlockCo 🏛️ White House crypto adviser Patrick Witt defended the Clarity Act, calling it “pro-law enforcement” as lawmakers race to advance the bill. 🔒 Visa and Brale are testing privacy-enabled SBC stablecoin settlement on the Canton Network. ✈️ Travala unveiled an agentic AI travel protocol with gasless USDC payments on Base. 🏦 Senate Republicans urged financial regulators to rework bank capital rules for digital assets. ⏳ JPMorgan said crypto market structure legislation may have only a narrow window for passage this year. 🧬 Chainalysis said top-tier gray-market peptide vendors have increasingly turned to bitcoin and stablecoins. 💰 Ether[dot]fi allocated $100 million to a Plume RWA vault, giving users access to yield.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Tether-focused chain Stable launches USDT institutional yield product https://t.co/L9DtyVYmDy

Name & Symbol: Stable ($STABLE)
Address: 0x011ebe7d75e2c9d1e0bd0be0bef5c36f0a90075f

ICYMI: Here’s a quick news wrap from the U.S. at @TheBlockCo 🏛️ The Senate Banking Committee advanced the landmark crypto market structure bill with support from some Democrats. 🎉 The crypto industry celebrated the Clarity Act’s progress, calling it a “decisive turning point,” even as ethics concerns lingered ahead of the next vote. 🕵️ ZachXBT alleged that insiders controlled 95% of the LAB token supply as he investigated the AI terminal project behind a $6 billion FDV token. 💵 Stablecoin backers argued that incentives are inevitable under the Clarity Act, despite ongoing debate around yield restrictions. 🤖 Crypto data platform Dune cut 25% of its workforce, citing AI efficiencies. 📦 CoinList is expanding into tokenized asset distribution with its new “Passage” platform as token sale activity slowed. 🏦 Sharplink’s CEO said ETH treasury firms are diverging from Strategy’s model as Ethereum’s tokenization role grows. 💰 Crypto exchange Bullish posted a $604.9 million Q1 net loss, though it reported growth on an adjusted basis. 📊 JPMorgan analysts said ether and altcoins could continue lagging bitcoin without stronger onchain activity and demand catalysts. 📈 Strive shares jumped after the firm unveiled a “daily dividend company” strategy and said it had become debt free. 🔗 Chainlink’s CCIP topped $2.5 billion in TVL as protocols migrated from LayerZero, with Kraken Bitcoin becoming the latest integration. ⚔️ CertiK’s CEO warned that DeFi attackers are increasingly using AI tools to outspend defenders. 🪙 Bitwise’s Hyperliquid ETF is set to begin trading on the NYSE this Friday. 🚀 Gemini shares soared after the company reported 42% revenue growth and disclosed its first prediction market metrics.

Name & Symbol: LAB ($LAB)
Address: 0x7ec43cf65f1663f820427c62a5780b8f2e25593a

@MoneyGram CEO says some countries treat solana:EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v same as USD... If trend continues paying yield on #stablecoin deposits should be less of an issue https://t.co/yWTG0Oxc3R

Name & Symbol: USD Coin ($USDC)
Address: EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v

ICYMI: Here's a quick news recap from today's Asia & EMEA sessions @TheBlockCo 👇 🪙 Coinbase has become Hyperliquid's official treasury deployer for USDC as an aligned quote asset (AQA), with USDH set to sunset over time. 🧐 Solana treasury firm DeFi Development Corp reported a 108% increase in SOL per share in the past year, despite posting wider losses in the first quarter. 📈 BitGo generated $3.8 billion in revenue in the first quarter, up 112.6% year-on-year, but its net loss widened. 📄 The CFTC's staff issued a no-action letter that effectively relieves swap data reporting and recordkeeping requirements for prediction market platforms. 👀 Nakamoto posted a $238.8 million first-quarter net loss after recording a $102.5 million mark-to-market loss on its bitcoin holdings. 🏦 The Bank of England is set to ease its proposed restrictions on sterling stablecoins, with its deputy governor saying the draft framework may have been "overly conservative," according to the Financial Times. 💸 U.S. spot bitcoin ETFs posted $630.4 million in net outflows on May 13, the steepest single-day drain since mid-February. 🥶 Tether, TRON, and TRM Labs said their T3 Financial Crime Unit has now frozen over $450 million in illicit crypto assets. 🏛️ GSR Chief Legal and Strategy Officer Joshua Riezman put the odds of the Clarity Act reaching the president's desk this session at below 50%. 🤔 World Liberty Financial co-founder Zak Folkman defended the project's roughly $75 million Dolomite borrowing position as "a very, very small loan" used to increase market utilization rates. 🚀 CME Group plans to launch Nasdaq CME Crypto Index futures on June 8, its first-ever market-cap-weighted crypto futures contract, pending regulatory review. 🤝 Onchain vault provider Upshift is partnering with Superstate on the launch of Upshift Clear, a new redemption platform for tokenized real-world assets.

Name & Symbol: Dolomite ($DOLO)
Address: 0x0f81001ef0a83ecce5ccebf63eb302c70a39a654

ICYMI: Three institutional blockchains — Arc, Canton, and Tempo — just raised over $1B combined Bitwise CIO @Matt_Hougan says it signals three things: >the GENIUS Act broke a capital logjam (Clarity Act could encourage more institutional traffic too.) >privacy is an institutional killer app >and corporate giants are active in the blockchain race. Winner are ultimately unclear but there’s big bets on the onchain industry and infra.

Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump

Bernstein maintains $190 Circle price target as $222 million ARC presale cushions rate pressure https://t.co/kuyiMhyXjr

Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump

BREAKING: CIRCLE RAISES $222 MILLION FROM BLACKROCK, APOLLO, A16Z CRYPTO AND OTHERS IN ARC TOKEN PRESALE AT $3 BILLION FDV https://t.co/069VybpdI3

Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump

Coinbase has resumed full trading after hours of AWS-linked disruption. Markets had moved to Cancel Only then auction mode, while Solana and ALEO transfers saw delays earlier. Shares were down 2.53% at $193 pre-market, per @TheBlockCo's COIN page. Full report ⤵️

Name & Symbol: Aleo ($ALEO)
Address: 0x6cfffa5bfd4277a04d83307feedfe2d18d944dd2

Twenty One Capital shares rise as Tether pushes merger with Strike, Elektron https://t.co/JdRbZ1Cl2Z

Name & Symbol: StrikeBit AI ($STRIKE)
Address: 0x2aa89a0113bcbbcdc5812c6df794e2d9650fc1af

Kevin Warsh owns 30+ crypto projects and youre brearish the next Fed Chair's disclosure includes: Solana, Optimism, Blast, Compound, dYdX, Polychain, Scalar Capital, Lightning Network, Lighter the next Fed Chair is more degen than you https://t.co/jZ3e6Qa7bF

Name & Symbol: Degen ($DEGEN)
Address: 0x4ed4e862860bed51a9570b96d89af5e1b0efefed

NYSE has named @Securitize as a key partner for its tokenized securities platform. The plan: bring stocks onchain and enable round-the-clock trading. Tokenization is quickly shifting from concept to infrastructure, and Wall Street is active in the scene. The backdrop: •Stablecoins alone are ~$300B+ • RWA market projected to reach trillions this decade • Major players (@BlackRock, @Nasdaq) are already moving in What's next?

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Amundi, Europe's largest asset manager with €2.3 trillion AUM, launched a $100 million tokenized fund on Ethereum and Stellar. It's the firms second blockchain issuance in 5 months. RWA tokenization now near $52B, up from $15.2B last year. Full report ⤵️

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

ICYMI: Here's a quick news recap from today's Asia & EMEA sessions @TheBlockCo 👇 🪐 Bitcoin treasury firm Metaplanet announced the launch of two new subsidiaries alongside a strategic investment in stablecoin firm JPYC. 🪙 Patrick Witt, the executive director of the President's Council of Advisors for Digital Assets, said GENIUS-compliant stablecoins will "actually lead to deposit inflows." 🚪 OP Labs announced that it has laid off 20 team members to sharpen its focus, while clarifying that it was not driven by financial constraints. 🦹 Memecoin launchpad Bonk . fun announced that its domain was compromised by hackers, warning users not to interact with the website. 🧑‍⚖️ U.S. prosecutors urged a judge to reject a request by former FTX CEO Sam Bankman-Fried for a retrial, arguing that the jailed crypto executive has failed to present any legitimate new evidence. 📉 Exodus posted a net loss of $11.4 million for the full year of 2025, shifting from net income of $113 million in 2024. The result came despite the company reporting record annual revenue of $121.6 million, up 5% year-over-year. 👀 Pump . fun became the first platform on the Solana blockchain to surpass $1 billion in cumulative revenue, as domain records show subdomains referencing four additional blockchain networks amid potential cross-chain expansion. 🤑 Cryptio, a provider of enterprise resource planning software for digital asset operations, raised $45 million in a Series B funding round. 🇬🇧 The Bank of England signaled it may revise proposed limits on sterling stablecoins after criticism from issuers and crypto industry groups. 💸 Grayscale's Avalanche Staking ETF began trading on Nasdaq on Wednesday, offering spot exposure to AVAX with staking rewards. 🚀 Decentralized exchange GRVT said it plans to launch its GRVT token shortly after June 30 and has increased the share of tokens earmarked for community rewards and airdrops to 28%. 💰 Ark Labs raised $5.2 million in a seed round backed by Tether and other investors to expand infrastructure for stablecoins and programmable financial applications on Bitcoin. 🕵️ HMRC is exploring the procurement of crypto forensic software and investigative support services as part of efforts to combat money laundering and tax fraud involving digital assets.

Name & Symbol: Pump.fun ($PUMP)
Address: pumpCmXqMfrsAkQ5r49WcJnRayYRqmXz6ae8H7H9Dfn

Safe integrates Morpho vault to earn yield using Société Générale's MiCA-compliant EURCV stablecoin https://t.co/tippPJB6aE

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

Nikita Bier just clarified that X's forthcoming "Smart Cashtags" won't allow for in-timeline crypto trading, but will likely route the trades elsewhere (given his earlier post said the feature will "enable you to trade stocks and crypto directly from timeline") Interesting to see where the trades will go...

Name & Symbol: TaleX ($X)
Address: 0x0510101ec6c49d24ed911f0011e22a0d697ee776

ICYMI: Here's a quick news recap from today's Asia & EMEA sessions @TheBlock__ 👇 🏛️ The White House meeting on stablecoin yield ended without a clear resolution as attendees clashed on broader restrictions set out by the banking sector. 📉 Bitcoin, Ethereum, and other major cryptocurrencies slid further early Wednesday as traders digested a more hawkish macro outlook. 💸 Goldman Sachs reduced its holdings of spot bitcoin and ether exchange-traded funds in the fourth quarter of 2025, according to its latest filings with the U.S. Securities and Exchange Commission. 💰 Franklin Templeton and Binance rolled out a program letting institutions use tokenized money funds as trading collateral. 🪙 Stripe unveiled a preview of machine payments on its platform, integrating the x402 protocol to enable developers to charge AI agents directly using the USDC stablecoin on the Base network. 🇲🇾 Malaysia's central bank plans to launch three initiatives this year that involve local currency stablecoins and tokenized deposits. 🇭🇰 Hong Kong's securities regulator announced major policy enhancements allowing brokers to offer crypto margin financing and licensed platforms to provide perpetual contracts for professional investors, as the region continues its drive to become a crypto hub. 👀 After winning X's $1 million article competition, crypto creator "Beaver" is facing allegations from blockchain analytics firm Bubblemaps, which alleges a wallet linked to the account generated roughly $600,000 from a Solana memecoin launch and was connected to dozens of similar tokens. 🪶 Robinhood shares fell Tuesday after the company reported a year-over-year drop in fourth-quarter crypto revenue, though analysts at research and brokerage firm Bernstein said the weakness reflects temporary "crypto jitters," reiterating their $160 price target. 🤝 Ripple partnered with Aviva Investors to explore bringing tokenized traditional fund structures onto the XRP Ledger. 🤔 Bitcoin's plunge toward $60,000 last week may have marked a local bottom, according to research and brokerage firm K33, which argues that "capitulation-like conditions" emerged across spot, exchange-traded funds, and derivatives during the sell-off. 💵 Birch Hill Holdings, an institutional onchain credit infrastructure company focused on lending and tokenized asset markets, closed a $2.5 million pre-seed funding round co-led by ParaFi Capital and Castle Island Ventures. 🚀 Privacy-focused Layer 1 network Aleo is launching a native stablecoin for its ZK-powered chain through a partnership with Paxos Labs. 😬 Hyperliquid Strategies reported a $317.9 million net loss for the six months ended Dec. 31, 2025, primarily attributable to unrealized HYPE token losses.

Name & Symbol: Aleo ($ALEO)
Address: 0x6cfffa5bfd4277a04d83307feedfe2d18d944dd2

ICYMI: The case for a crypto super app in a multi-chain world In this episode of The White Papers, @Timccopeland sits down with Kain Warwick (@kaiynne) to discuss @infinex and why crypto needs a non-custodial super app to finally make onchain products as easy to use as centralized exchanges. 00:00 – Introduction 01:48 – What Is Infinex 02:18 – Wallets vs Super Apps 04:15 – Why Super Apps Matter 06:08 – Conviction Behind Infinex 08:55 – Building the Architecture 11:46 – Can Onchain Win 16:02 – Centralization Tradeoffs 32:27 – Token Launch Breakdown 40:07 – Roadmap & Closing Remarks

Name & Symbol: Infinex ($INX)
Address: 0x45f55b46689402583073ff227b6ac20520052a24

MetaMask integrates tokenized US stocks, ETFs, commodities via Ondo Global Markets https://t.co/UQqyUNXdqM

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

Nick Shirley token highlights Base’s Zora-driven surge and vanity metric issue https://t.co/TkBpwdnSzr

Name & Symbol: Zora ($ZORA)
Address: 0x1111111111166b7fe7bd91427724b487980afc69

From Sand to Stone: Two GCs on the New Legal Foundation Shaping Crypto's Future 🏛️ In episode five of Layer One, @imyoungsparks and @stvngts were joined by @AvaLabs GC @leelaughs5x and @plumenetwork GC @banamlas, to discuss how the Senate bill turns crypto's legal foundation from sand to stone, and what that means for the next generation of builders 🏗️ The group also touched on: • Governance tokens • Decentralization tests • What clarity means for builders OUTLINE 00:00 - Introduction 01:28 - Salman's Path: CFTC to Crypto 05:52 - Lee on Token Sales & Legal Structures 08:17 - RWA Rights & Disclosures 12:26 - What Buyers Should Care About 15:15 - Pre IPO Tokenized Shares 18:49 - The Governance Token Question 22:03 - The Decentralization Test Debate 28:13 - What Clarity Means for Builders 36:41 - TradFi's Crypto Play 44:31 - Open vs Closed Networks 51:20 - Outro

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

From Sand to Stone: Two GCs on the New Legal Foundation Shaping Crypto's Future 🏛️ In episode five of Layer One, @imyoungsparks and @stvngts were joined by @AvaLabs GC @leelaughs5x and @plumenetwork GC @banamlas, to discuss how the Senate bill turns crypto's legal foundation from sand to stone, and what that means for the next generation of builders 🏗️ The group also touched on: • Governance tokens • Decentralization tests • What clarity means for builders OUTLINE 00:00 - Introduction 01:28 - Salman's Path: CFTC to Crypto 05:52 - Lee on Token Sales & Legal Structures 08:17 - RWA Rights & Disclosures 12:26 - What Buyers Should Care About 15:15 - Pre IPO Tokenized Shares 18:49 - The Governance Token Question 22:03 - The Decentralization Test Debate 28:13 - What Clarity Means for Builders 36:41 - TradFi's Crypto Play 44:31 - Open vs Closed Networks 51:20 - Outro

Name & Symbol: OpenLedger ($OPEN)
Address: 0xa227cc36938f0c9e09ce0e64dfab226cad739447

ARK Invest: "Ethereum Remains The Preferred Blockchain For On-Chain Assets" RWA market cap on the chain has grown 7x since Jan 2024, but ETH price is only up 28%. Someone tell prices that insittutions are here https://t.co/ZxWh5ehmoT

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

I'm seeing a lot of confusion on the timeline about the Jupiter and Kamino spat over "isolated vaults"... Jupiter's definition of "isolated" seems to be that each Jupiter Lend vault can be configured with its own parameters for liquidation thresholds, LTVs, asset limits, etc. Kamino's co-founder has countered that Jupiter's vaults still rehypothecate (reuse) deposited assets, and thus, there's some level of cross-protocol risk if one asset blows up. Ergo, vaults are not fully isolated. Kamino also blocked a tool that would let its users migrate to Jupiter Lend earlier this week. A Jupiter exec said today that some of its tweets were misleading and so they deleted them, and promised a better explanation soon. An insider told The Block: "It’s very unacceptable to claim and market isolated vaults when in fact assets are being rehypothecated. That’s a very serious violation of trust." Full @TheBlock__ story: https://t.co/LEEn2OPxmp

Name & Symbol: Kamino ($KMNO)
Address: KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS

Top DEXs Aerodrome, Velodrome hit with front-end compromise, urge users to avoid main domains https://t.co/RA7St5POMO

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

Canary Capital seeks regulator's approval for an ETF tracking MOG https://t.co/u5RZmX39xn

Name & Symbol: Mog Coin ($MOG)
Address: 0xaaee1a9723aadb7afa2810263653a34ba2c21c7a

Top Base DEX Aerodrome launches upgrade suite, expands to Ethereum and Circle’s Arc https://t.co/GsGDQwHJ59

Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump