noon capital's susn just got 86% ltv on morpho. that's 7x leverage on 10% base yield for 29% net apy. morpho doesn't list random stables, they manage $2b and only accept bluechip collateral. vesu launched a pool today too. two selective protocols integrating a $21m tvl project in january means they see something the market hasn't priced yet ...

metaplanet delivered 568% btc yield buying 35,102 btc but trades at 1.2x nav. microstrategy does the same at 2.5x nav. blackrock and capital group own 27.59% of metaplanet despite japan exchange threats. they're not backing regulatory losers. that nav gap closes when the market figures out japanese regulators are bluffing. ...

heurist settles 20% of x402 transactions on base. warden raised at $200m valuation for their agent network that runs on these exact rails. heurist built the payment infrastructure at $2.2m market cap. the market paid 100x for the app but hasn't priced the pipes underneath yet ...

gains network burns 750k gns tokens in one november competition. supply down from 31m to 27m in 9 months. generates $7.4m annual revenue trading at 6x multiple with $25m market cap. protocol executing perfect deflationary tokenomics at $0.96 but market pricing it like a dead project. either revenue collapses or this reprices violently when bitcoin finds a floor. ...

lombard's lbtc absorbing $550m from ava labs btc.b migration. holders get same defi utility plus 1% yield so the choice is obvious. $1.37b tvl doubling from forced distribution, not organic growth. bard at $0.76 with $171m fdv capturing fees from guaranteed inflows. aave v4 integration unlocks $23.7b lending market next quarter. ...

veda just went live powering kraken's 8% apy defi earn for 10m+ us/eu/canadian users. no token, just infrastructure fees on $5b+ secured across aave, compound, morpho. ex-sec general counsel on team closed the regulatory gap. protocols fight for users, veda owns the pipes to cexs. ...

rocket pool saturn 1 just dropped validator requirements from 16 eth to 4 eth. node operators earning protocol fees in rpl instead of staking it as collateral. rpl down 94% at $1.97 from $3.34 highs. lido has 20x the tvl but rocket pool has 4x more accessible validators now. if decentralization matters to the next wave of eth etfs, this reprices fast. ...

tether's usat deployed across 7 exchanges in hours. fidelity's fidd launched with zero integrations. anchorage secured okx, kraken, bitfinex, bybit distribution before day one. fidelity has $13t aum but no crypto rails. the $186b usdt liquidity base can now flow directly into regulated usat. fidd becomes paypal usd 2.0. ...

solana owns 38.8% of all tokenized stocks. wisdomtree deployed their $130b fund suite there, ondo launched 200+ sec-compliant equities, r3 pivoted from permissioned chains. ethereum built the rails but solana got the contracts. 22 months perfect uptime bought tradfi trust. ...

hyperliquid's btc perp orderbook exceeded binance's depth january 27. a 2-year-old dex on custom l1 beat the world's largest exchange at their core product. hype repriced 63% in 5 days to $34 because the market structure just changed. arthur hayes bought $499k after 3 months absent. when bitmex's founder comes back for a perp dex play you pay attention ...