The Spurs led Game 6 by 7 at halftime...
Then won the 3rd quarter 32-13, capped by a 20-2 run 🤯
NEXT UP... GAME 7 on Saturday at 8pm/et on NBC & Peacock!
DeFi Brief:
🔹Liquid introduces Co-Invest, letting users trade directly through Claude or ChatGPT.
🔹Resolv outlines its post-exploit recovery plan with a renewed focus on RWA vaults.
🔹StakeDAO's vsdCRV vault on Arbitrum exploited for ~$91K after 5.4T unbacked tokens minted; protocol unpaused.
🔹OKX's X Layer releases Exchange OS for deploying spot, perps, and outcome markets.
🔹Fundraises: PopDEX ($30M), Townsquare ($16.25M), Didit ($7.5M), Squid ($6M).
5/6
Narrative of the Week: Everyone Wants a Stablecoin
🔹Tether and the Government of Georgia launch GEL₮, an official sovereign stablecoin.
🔹Fintech firm SoFi launches SoFiUSD, with tokenized deposits planned next.
🔹Falcon Finance and Anchorage Digital Bank launch fUSD, a GENIUS-compliant stablecoin with a 3% target yield via Ceffu.
Every company and government seek to issue their own stablecoin to keep up with the global adoption of stablecoins as 24/7 global payment rails.
3/6
Market Overview:
🔹 Crypto mcap down 4.26% to $2.47T. BTC -4.52%, ETH -13.57%.
🔹 Long liquidations hit $654M on Thursday, nearly double the usual.
🔹 Funding rates rising across majors despite the drawdown.
🔹 Strategy buys zero BTC this week, repurchases $1.5B in 2029 convertible notes instead.
🔹 MasterCard secures NY BitLicense for stablecoin and digital payment infrastructure.
🔹 Grayscale delays its IPO to at least Q4 2026, citing market conditions.
🔹 S&P +2.06%, Nasdaq +3.68% as equities soared while crypto failed to find a bid.
2/6
CMC Market Pulse: Everyone Gets A Stablecoin!
BTC -4.52%, ETH -13.57%. Market cap drops to $2.47T as longs get torched. Stablecoin issuers come from every corner of fintech and government.
Let's break down this week's top crypto narratives.
1/6
Binance's MEME Trading Tournament is here with a 300 BNB token voucher prize pool waiting to be shared.
Plus, for a limited time, the more you trade, the bigger your Sprint Reward!
Don't miss out 👉
Elon Musk on the physics of truth:
“Truth is not an easy thing
But you can aspire to the truth. You can try to get as close to the truth as possible with minimum error while acknowledging that there will be some error in what you’re saying
This is how physics works. You don’t say you’re absolutely certain about something, but a lot of things are extremely likely
Aspiring to the truth is very important”
We will be back on the Moon soon, permanently this time.
“We're gonna go to the Moon, we're gonna have a base on the Moon, we're gonna send people to Mars and make life multiplanetary”
-Elon Musk