Stock Token Offerings - Robinhood offers EU stock tokens providing exposure to over 200 publicly listed equities, available 24/5, giving European customers access to U.S stocks [1] - Robinhood conducted a giveaway of private stock tokens for OpenAI and SpaceX to test the waters for resolving inequities in capital markets, where retail investors lack access to massive private companies [2] - Robinhood aims to offer thousands of private companies on the platform, accessible to retail investors, and has received numerous inquiries from private companies interested in tokenizing their shares [6] - The company gave away approximately $1 million worth of OpenAI tokens and $500,000 worth of SpaceX tokens [5] Regulatory Landscape - The Lithuanian regulator is reviewing the offering, raising questions to ensure its propriety as a new innovative product [3] - Robinhood welcomes discussions with regulators and believes the offering will withstand scrutiny [4] - The company is in ongoing discussions with regulators and is confident they will be satisfied [8] - Clear regulations in the European Union for crypto assets make this possible [15] Tokenization Structure and Valuation - Tokenization involves holding the underlying asset by a US broker or traditional financial business, with a tokenization engine minting new tokens upon customer acquisition and burning tokens upon sale [11] - The tokens are technically derivatives under EU MiCA and MiFID regulation [15] - Tokenization aims to solve the liquidity problem by tapping into a global network of hundreds of millions of crypto market participants [14] - The SEC Chairman called tokenization a great innovation [20]

Market Comparison - The NFT market in 2021 had significantly more liquidity compared to the current Pokémon TCG market [1] - The Pokémon TCG market is retail-focused with lower entry price points than NFTs [1] - Participants are more inclined to take profits at a 2x increase rather than holding for a 10x increase, suggesting scalpers are releasing supply [2] - Some believe Pokémon cards have overshadowed NFTs in the current cycle due to overlapping buyer pools [3] Pricing and Valuation - During the 2021 NFT boom, gas fees for minting an NFT could exceed the price of a booster box (36 booster packs) [1] - If the current market mirrored the NFT cycle, booster boxes could cost $3,000+ instead of $300 [2] - High-value cards are available for around 5-figures in PSA-10 condition, while top NFTs like BAYC reached 7-figures with airdrops [2] - Hundreds of cards have increased in value by 500-1,000%+ in the past year [3] Distribution and Access - There are challenges with current distribution channels, with premiums of 50% being paid above MSRP [1] Future Potential - Tokenized cards/RWAs could potentially trigger a new NFT bull run, with on-chain liquidity flowing into Pokémon/sports cards [2] - Unless one is filling warehouses with booster boxes or flipping PSA-10 1st edition Charizards, it's unlikely to generate 7-figure profits [3]

with the exception of #USELESS coin, $HOSICO, and a few other BonkFun plays that showed impressive strength todayalmost everything else looks dead and boringonce again, I’m seeing the usual 'cycle top' or 'boring summer and chopfest until September' calls...which I think are shortsighted!today’s price action is primarily due to the low-liquidity, low-activity July 4th holiday environment, IMOand I think it should be fadedmaybe it carries on into the weekend, maybe notbut I believe we likely see new highs ac ...

Decentralized Finance (DeFi) Investment Opportunities - Hydration offers a 30% Annual Percentage Yield (APY) for gigaETH incentivized Liquidity Provider (LP) [1] - tBTC yields are approximately 25% on Hydration via Polkadot [1][2] - Earning DOT rewards from liquidity incentives generated around $100 in 3 days [1] - Potential to earn >20% APY on tBTC via Polkadot [2] Cross-Chain Considerations - Concerns exist regarding the complexity of cross-chain transfers, specifically from Base to Polkadot [1] - Uncertainty about strong liquidity routes that do not involve Centralized Exchanges (CEXs) [1] Strategies & Actions - Rolling DOT rewards into more tBTC and deploying it into the pool [2] - Option to sell gigaDOT for more tBTC or loop it [2] - Alternative to toss gigaDOT into its own incentivized LP to double [2]

India’s central bank announces plans to withdraw excess liquidity from the banking system https://t.co/43dTGFGBuV ...

Market Overview - World Liberty Finance is launching tomorrow with interesting fundamentals [1] - USD1 stablecoin has reached $2.2 Billion market cap with 290 Thousand holders and $3.37 Billion daily volume, surpassing USDC on certain days [1] - Polymarket has $13 Billion prediction market for launch valuation [1] Adoption & Usage - 80% of USD1 holders are on BNB Chain, indicating significant adoption there [1] - Trump family generated $620 Million through crypto ventures versus $30 Million from real estate this year, showing a 20x increase from DeFi [1] - Institutional interest is growing with solvBTC integration for Bitcoin borrowing, pufETH collateralization through Lista DAO, and expansion to Plume Network [1] Risks & Concerns - The team moved $20 Million to exchanges recently and pulled $7 Million liquidity [1] - An upcoming token unlock could create supply pressure [1] Key Considerations - Stablecoin adoption doesn't always translate to governance token performance [1] - Actual trading behavior should be closely monitored upon launch [1] - UAE fund Aqua 1 placed a $100 Million purchase order [1]

Figma's IPO - Figma is planning to go public on the New York Stock Exchange under the symbol FIG [1] - Figma reported $821 million in revenue over the past year, with a 46% year-over-year growth rate [2] - CEO Dylan Field highlights liquidity and community ownership as reasons for going public [3] - Figma expects to invest in its platform or pursue M&A at scale [4] Market Dynamics - Adobe previously attempted to acquire Figma for $20 billion but abandoned the plan [3] - The discussion revolves around companies staying private longer and the implications for public markets and liquidity [4] - There's a conversation about tokenizing the private market and its potential impact [5] - Concerns are raised about allowing non-accredited investors to buy into private companies due to disclosure requirements [6] - There's a move on the SEC to potentially widen the definition of accredited investors [7]

Market Analysis & Investment Thesis - The market sentiment suggests altcoins are currently undervalued and potentially poised for a rally, despite prevailing skepticism [46][49] - Bitcoin's price is range-bound due to existing holders selling, necessitating new money inflow for a breakout [22][23] - Long-term Bitcoin holder supply is at all-time highs, indicating a strong base for potential future price appreciation [34][36] - Illiquid Bitcoin supply is also at an all-time high, suggesting strong holder conviction and a solid foundation [37][38] On-Chain Metrics & Valuation - ETH and Solana are trading near their cost basis, suggesting fair value and potential buying opportunities [64][66] - ETH's market cap has historically bottomed when touching the ecosystem's Total Value Locked (TVL), indicating a potential floor [74][75] - ETH is currently trading just below its 4-year moving average, historically a good buying zone [80][81] - Pepe, as a high-beta asset, may outperform ETH, with its Market Value to Realized Value (MVRV) ratio indicating a potential buying opportunity [88][90] Altcoin & DeFi Projects - Athena (ENA) is a yield-bearing stablecoin with a reflexive mechanism tied to ETH's funding rates, presenting a bull market play [104][105] - Athena's stablecoin supply could potentially reach $20 billion, contingent on open interest in Ethereum, which may drive token rally [120] Macroeconomic Factors & Liquidity - Global liquidity is a key driver for crypto markets, with potential rate cuts from the Federal Reserve and fiscal spending being key factors to watch [139][150] - Historical data shows an inverse correlation between the Fed funds rate and ETH price, suggesting potential upside for ETH when rates decrease [153][154]

THE M2 GLOBAL LIQUIDITY HITS ANOTHER NEW ALL-TIME HIGHBITCOIN TARGET IS NOW SITTING AT $175K FOLLOWING THE GLOBAL MONEY FLOW https://t.co/VJ0KOAwPg3 ...

xStocks on solana: $1.5M vol across 61 assets, no kyc, 10% premiums, limited liquidity per @BasedMoneyLichrobinhood x arbitrum: 200+ stocks, bitstamp integration, sequencer revenue sharinginfrastructure gap getting real. sol = degen access. arb = trad fi rails. ...