Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors tumble after Powell cuts the rate; BTC -2% at $90,250 Democrats accept portion of Market Structure bill, send 3-page counter VanEck leans into Degen culture with new Degen Economy ETF Meteora announces $10M in MET token buybacks, will continue Fogo shares ICO ...

Core Insights - Ondo Finance has expanded its tokenized securities platform to the BNB Chain, allowing access to over a hundred U.S. stocks and ETFs for BNB Chain's 3.4 million daily users [1] - The primary target for these tokenized assets is non-U.S. investors seeking exposure to U.S. markets, overcoming geographic or regulatory barriers [2] - The expansion positions Ondo in competition with other projects like Backed and Kraken's xStocks, enhancing the tokenized stock market's reach into Asia and Latin America [3] - The overall tokenized stock market has seen significant growth, doubling since August to nearly $700 million, with Ondo Global Markets holding around $320 million in total value locked [4]

Core Insights - Roper Technologies is optimistic about the performance of DAT, which has evolved beyond a traditional load board into a more comprehensive technology platform [1][4] - The acquisition of Convoy's data stack is currently not profitable, but Roper management believes it will yield attractive financial returns in the long term [2][3] Financial Performance - Roper did not disclose specific financial performance metrics for DAT during the earnings call, but expressed confidence in its growth potential [1] - The Convoy acquisition is viewed as an unusual transaction due to its current lack of profitability, yet Roper expects significant financial returns over the coming years [3] Strategic Acquisitions - DAT has made several strategic acquisitions, including the Convoy tech stack, Trucker Tools in December, and Outgo in May, to enhance its service offerings [5] - The acquired tech stack from Convoy is seen as a key asset that can scale up by leveraging DAT's customer unit economics [4] Technological Advancements - Roper's subsidiaries, including DAT, are experiencing early positive results from AI-driven initiatives aimed at improving efficiency and economic value for brokers and carriers [4] - DAT is transitioning from a traditional freight matching network to a fully automated freight marketplace powered by AI, which is expected to unlock significant growth opportunities [4]