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Happy Wednesday 🎉
Crypto gets loud, but sometimes the quiet posts hit the deepest.
This week’s X Post of the Week goes to @jonahlau_, who dropped a rare piece of actually useful career advice in a feed usually dominated by charts, memes, and outrage.
His point was simple but powerful: stop chasing guidance from people who succeeded in a different era. Learn from the people five years ahead of you.
He breaks it down cleanly.
The legends everyone quotes built their careers in another market with different timing and different luck. Their playbook won’t match your environment.
But someone just a few steps ahead fought the same fights you’re fighting right now. Their lessons are fresh. Their mistakes still sting. Their empathy is real.
Beyond the inspiration, the post taps into something bigger.
Crypto moves so fast that even mentorship has a half life.
The people one cycle ahead understand the volatility, the burnout, the pivots, the wins, and the fear in a way the industry vets can’t. And they’re far more accessible than the names everyone idolizes.
Maybe you can be that proactive helping hand 🫵
Like Gandhi Says “Be the change you want to see in the world”
If you think your post has what it takes, DM us on X and maybe you will be featured next.
Introduction.com Updates (Members):
👶 New Member Announcements:
The Introduction.com team is super excited to announce the newest additions to our community this week!
(We’d love to see you up here one day🤠)
Apply Today
Meet Maika Isogawa (@maikaisogawa), CEO and Co-Founder of Webacy (@mywebacy), the new standard for on-chain decisioning & due diligence in crypto.
Webacy builds risk and safety infrastructure for crypto, fintech, DeFi, and digital assets, working with wallets, exchanges, banks, and protocols on token scoring, transaction simulation, stablecoin risk, and more.
Before founding Webacy, Maika worked as a Cybersecurity Engineer at Microsoft and completed an Artificial Intelligence specialization at Stanford University.
A Forbes 30 Under 30 honoree and recipient of the Innovative Web3 Female Entrepreneur Award, she also spent two years as a professional acrobat with Cirque du Soleil before attending Stanford and pivoting to tech.
We're thrilled she's joining us!
Meet Adam Kalisiak, Treasury Manager at Polygon Labs (@0xPolygon), where he manages financial operations for one of the industry's leading scaling solutions.
Before joining Polygon, Adam spent nearly four years at Ramp Network, where he served as Head of Treasury leading strategic liquidity and financial planning, and as Treasury and Liquidity Manager overseeing crypto-related treasury operations.
He's also the co-founder of Autore.io, a next-generation treasury management system designed to empower SMEs and Web3 companies with seamless, efficient, and intelligent financial tools.
Welcome to Introduction.com, Adam!
Introducing Anuj Das Gupta (@anujdasgupta), a serial founder and pioneer in blockchain innovation.
Anuj was responsible for early Ethereum research around account abstractions (stxn.io) and built the very first blockchain network, Linq, at Nasdaq.
He also served as CTO at Ubisoft Labs, bridging cutting-edge technology with mainstream applications.
Now, Anuj is building CleanApp.io, mapping online and IRL resources to turn waste into wealth using crypto incentives and AI for enhanced resource analysis.
With a track record of foundational contributions to the space, he's now applying his expertise to build a more sustainable future with Web3.
We're so excited to welcome him into the network!
Next up, meet Amaury Dalleur (@ADalleur), Head of Incubation at Singularity Venture Hub - a Web3 AI-focused venture hub specializing in incubation and acceleration programs, digital treasury management, and investments in digital assets.
Amaury also leads Strategic Partnerships at Fetch.ai and serves as a Mentor at Outlier Ventures, working across the decentralized AI ecosystem.
He focuses on fundraising, business development, marketing, and tokenomics across AI, DeFi, and RWA, while managing grants and investments from Deep Funding, SingularityNet's AI fund.
Welcome to the community, Amaury, we're thrilled you're here!
Drawing a wealth of experience from traditional finance to the forefront of Web3 innovation, introducing Dominic Ryder (@dominicVEMP). Dominic is the author of the ERC-7621, the Basket Token Standard, which enables discretionary tokenized funds on-chain.
He is also the co-founder of Alvara.xyz, the decentralized asset management hub for the standard, creating a fully transparent marketplace for fund managers.
Beyond Alvara, Dominic is pioneering a stealth ZK project and 'Layer X' with a groundbreaking thesis: replacing the VM layer by translating First-Order Logic directly to polynomials, aiming to remove execution and prove logical validity directly for massive efficiency gains.
From derivatives trading to defining the future of on-chain asset management and scaling, we're excited to welcome Dominic to the community!
Bringing a legacy of systems innovation to the Web3 space, meet Avinash Lakshman (@HedvigEng).
Avinash is known as one of the co-inventors of Amazon Dynamo and the inventor of Apache Cassandra.
After founding and successfully exiting his first startup, Hedvig, he is now focused on his latest venture, Weilliptic.
At Weilliptic, he is building WeilChain, a globally distributed, cryptographically secure compute platform designed around data and compute sovereignty.
This foundation is set to underpin next-generation stablecoins (Gringottz) and agentic AI platforms (Icarus and Cerebrum), guaranteeing verifiable execution and regulatory compliance.
We're thrilled to welcome a systems legend and visionary!
Bringing a strong investment focus to the Web3 ecosystem, meet Thor PM, Founder and Managing Partner at Melitho Ventures.
Melitho Ventures is a value-add venture capital firm focused on Web3 investments in the primary and secondary markets.
With a streamlined, family-fund structure, they are able to execute rapidly on key areas of focus: OTC, Debt-Financing, Primary market investments, and liquidity provision.
Thor and Melitho Ventures boast an extensive direct network, including over 200 Web3 native VCs, 400+ projects, LPs, MMs, and CEXes, making them a key connector in the space.
Excited you're joining us, Thor!!
Rounding out this week’s exchange leaders, introducing Thomas (Tom) Deletto (@tdelet), Head of Product at Arculus wallet (getarculus.com).
Tom is driving the innovation behind Arculus's multifunction metal cards, which serve as a consumer hardware wallet and integrate payments, wallet, and passkey functionality.
On the B2B side, Arculus is the trusted card provider for major players like MetaMask, Coinbase One, Gemini, Robinhood, Chase, and Amex.
He's also pioneered a Point-of-Sale integration that allows a single card to facilitate tap-to-pay directly on-chain or over traditional card rails, bridging the gap between Web3 and everyday commerce.
Last but not least, meet Jarett Knapp (@jarettknapp), Head of Finance and Operations (COO) at Doodles (@doodles), the NFT and entertainment company bringing digital collectibles into mainstream culture.
Jarett has been with Doodles for three years, overseeing the company's financial strategy and operational execution.
Before joining Doodles, he held finance leadership roles at Gala Games as SVP of Finance and VP of Finance.
His background includes corporate development positions at Electronic Arts and Verizon, as well as investment banking at Drake Star Partners, where he worked on M&A and corporate finance advisory for technology, media, and telecom companies.
Welcome aboard, Jarett!
Table of Contents
What We’re Looking at 👀
🌟 TradFi is not flirting with crypto this week, it is moving in.
From Ondo cuddling up to Figure’s YLDS to Naver grabbing Upbit, Robinhood securing LedgerX, Vanguard blinking on crypto ETFs, and SpaceComputer literally aiming for orbit, the stakes keep getting stranger and bigger.
This edition is about who owns the rails, the reserves, and the trust layer of the next financial system🌟
Money Moves(Funding/M&A): 🤑
From Introduction.com Members 💳️
Figure
Ondo becomes a TradFi Ally with $25M YLDS acquisition; Figure(s)
Ondo Finance has purchased $25M of Figure’s YLDS token. Ondo aims to strengthen the asset mix backing OUSG (Ondo).
Nice Figure 💃
Figure issues traditional consumer and mortgage credit in USD onto its own Provenance Blockchain (Figure – Wikipedia).
The company has evolved into the clearest example of a TradFi lender running entirely on chain with real assets, real servicing and real structured credit mechanics.
Figure’s on-chain footprint:
Provenance which is its own institutional blockchain
Tokenized credit markets
YLDS which is a yield bearing stablecoin backed by Treasuries
Blockchain based loan servicing and securitization
DART which is its digital asset registry
Figure Markets which is a trading and settlement marketplace
Ondo Goes For BIG YLDS 🚀
Ondo allocated $25M into YLDS to diversify OUSG’s backing (Ondo).
The allocation gives OUSG exposure to a regulated yield bearing dollar instrument that behaves more like a money market position than a traditional stablecoin.
This is familiar territory for Ondo which has been tokenizing Treasuries and money market funds since 2023 but Figure is a new partner in its cross chain fixed income ecosystem.
Their relationship has room to grow as tokenized credit, tokenized cash and stablecoin settlement begin to converge into one unified on chain fixed income stack.
By The Numbers 📊
Figure
Originated more than $10B in real world credit assets across HELOCs, mortgages and consumer loans (Reuters).
Executed multiple blockchain securitizations including $100M HELOC pools on Provenance (BusinessWire).
Issued YLDS through Figure Certificate Company to bring Treasury backed yield on chain (CrowdfundInsider).
Ondo
More than $1.4B in tokenized Treasuries under management across OUSG and related funds (CCN).
More than $300M in circulating supply across USDY and other yield tokens (Messari excerpt via Binance).
Active across Ethereum and multiple EVM chains with expanding institutional adoption (Messari Research Hub).
What This Means For Figure 🔎
Figure gains a powerful ally in the largest tokenized Treasury ecosystem which elevates YLDS from a new stablecoin to an approved reserve asset for institutional grade tokenized funds.
SpaceComputer
Out Of This World Idea
SpaceComputer Raises Another $10M 🚀
SpaceComputer raised $10M to build its first orbital compute satellites and bring its “space based trust layer” one step closer to actual spaceflight (SpaceComputer Raises $10M to Bring Trusted Execution to Orbit).
SpaceComputer???? ☄️
Yes. You read that right. Space Computer.
I am not going to explain how we got here but basically “space is cool” so why not put trust hardware in orbit.
The team believes satellites are the safest place to run private proofs because nobody can walk into space and tamper with the hardware ( SpaceComputer ).
Yup…
What They Want 🎁
SpaceComputer wants to build a TEE stack that runs proofs, randomness and verification on custom hardware deployed in low Earth orbit which theoretically creates a tamper resistant trust anchor. ( SpaceComputer ).
The Raise And What It Will Be Used For 💰
SpaceComputer raised $10M in a round led by Lemniscap and Bankless Ventures with participation from Modular Capital and other early stage crypto backers ( The Defiant ).
The funding will go toward building the first generation of SpaceTEE satellites, completing hardware testing and securing a future rideshare slot so they can actually get to orbit.
Looking Ahead 🔮
SpaceComputer still has no satellites in orbit.
No rideshare booked.
No live orbital proofs.
Guess they’re really …. shooting for the stars …. 🤣 🤣
If they can execute, they will create the first off planet trust layer for crypto and Web3 which is ambitious, absurd and intriguing in all the right ways.
Industry Leaders 🤠
Naver
South Korean Crypto State Of Affairs 🇰🇷
Korea just witnessed one of the largest power realignments in its financial history: Naver announced a $10.3B acquisition of Dunamu, the parent company of Upbit.
This isn’t just M&A. It is a restructuring of who controls liquidity, data, and user flow in the most regulated crypto market on earth.
Let me break it down 👇️
Naver Goes Hard 🤘
Naver Financial made a strategic move to pull the crypto economy directly under its fintech umbrella.
By acquiring Dunamu, Naver gains instant control over Upbit, Korea’s primary crypto trading venue, along with its liquidity, young user base, and outsized influence on KRW capital flows.
Most importantly, the transaction instantly transforms Upbit’s founder into the largest individual shareholder of Naver itself, fusing the country’s dominant exchange operator with its dominant internet platformThe deal is valued at around $10.3B (Korea Herald)
Combined entities will invest more than $6.8B into AI and blockchain infrastructure over five years
Upbit Owns The Flow 📊
Upbit isn’t just Dunamu’s flagship product.
It is the engine of South Korea’s crypto economy.
Upbit commands overwhelming KRW trading volumes, shapes retail sentiment, and effectively dictates national liquidity cycles. Domestically it behaves less like an exchange and more like a clearinghouse for the entire market.
This is the influence Naver just absorbed.
Regulation Moat 🔒
To understand why Upbit got so big, you need to understand Korea’s regulatory funnel.
Korea’s real-name banking rule forces every crypto user to transact through a verified bank account, creating a government-monitored fiat chokepoint (FSC).
Upbit plugged into K Bank early, and that single partnership became its structural advantage (Times).
Today, the entire system functions on a single regulated banking relationship that authorities can tighten at any moment.
K Bank handles a large portion of deposits tied directly to Upbit activity (Korea Times)
Real-name enforcement applies to all exchange users (FSC)
The moat wasn’t marketing.
It was regulation.
Here’s where the story gets wild 🌪
Within weeks of Naver announcing the Dunamu acquisition, Upbit found itself hit by a cascade of incidents.
The most severe was a $30M hack, which forced immediate administrative oversight and emergency audits (Korea JoongAng Daily).
Then came heightened KYC and AML demands, renewed regulator scrutiny, and system-wide pressure tests that landed squarely on Upbit during its most high-profile moment (Chosun).
The sequence was unmistakable:
Announcement of the acquisition → sudden surge in hacks → regulators intensify oversight
The timing wasn’t months apart. It was back-to-back, with the hack striking almost immediately after the merger news dominated headlines.
Upbit didn’t just face turbulence.
It faced it in the spotlight, at the exact moment its ownership structure was shifting into a national tech giant.
The Bottom Line 🇰🇷
One bank provides the fiat rails.
One exchange drives the liquidity.
One internet giant is consolidating the stack.
One regulator has visibility into every touchpoint.
The Korean crypto market is no longer decentralized.
It is a centralized financial engine, and with Naver’s acquisition of Dunamu, the power structure is reshaping before our eyes.
Here is the signal:
Crypto in Korea now runs through a single, integrated financial-media-technology apparatus.
Events 📆
Top Stories 📰
Robinhood x LedgerX
Headlines say prediction market play. We say full stack upgrade. 🚀
What is happening ❓️
Robinhood and Susquehanna International Group agreed to acquire 90% of LedgerX.
This gives Robinhood a CFTC regulated exchange and clearinghouse while positioning SIG as the liquidity engine behind a new era of event and derivatives trading (Reuters).
How We Got Here 🗺
Robinhood and SIG are not strangers. SIG has acted as a major market maker for Robinhood’s equities and options flow for years which makes them natural partners for a deeper move into regulated derivatives (Forbes).
LedgerX is the real prize.
It is the first crypto native platform in the United States to secure all 3 top tier CFTC designations.
It is a Designated Contract Market, a Derivatives Clearing Organization, and a Swap Execution Facility for digital asset derivatives (CFTC).
It is not a prediction app. It is a full exchange stack that sits in the same regulatory universe as CME and Cboe.
LedgerX cleared physically settled bitcoin derivatives, crypto options, and swap style contracts long before the rest of the market had licenses.
It survived the FTX collapse, was acquired by MIAX, and emerged as one of the only clean and fully compliant crypto derivatives venues left in America (MIAX).
By the Numbers 📊
LedgerX operates under CFTC registrations that allow it to list, clear, and settle regulated derivatives products in a way Coinbase, Gemini, Kraken, Kalshi, and Polymarket cannot.
Peers in its regulatory peer group
CME Group
Cboe Digital
ICE
These are the only other platforms with similar licensing footprints in the United States.
What that footprint enables
Fully collateralized bitcoin and ether futures
Option contracts with physical settlement
Swap and swap like structures
Event contracts that fall under CFTC’s event rule framework
It is the closest thing the crypto industry has to a CME for digital assets and it is one of the only venues with a compliant clearinghouse for this market.
The Deal 💰
Robinhood and SIG acquired 90% of LedgerX from MIAX with MIAX retaining 10% (MIAX).
Deal value is undisclosed but the structure is clear.
Robinhood gets
A vertically integrated derivatives exchange
A clearinghouse that can settle digital asset futures and event contracts
The regulatory stack Coinbase has been unable to secure
SIG brings
Liquidity
Market structure
Decades of derivatives and event driven trading expertise
The ability to make the new market trade like a real exchange from day 1
The joint venture plans to launch products in 2026 which gives Robinhood a full year to integrate routing, risk controls, onboarding, and consumer UX (Robinhood).
What it all Means 🔮
The headlines focused on prediction markets because it is the easiest storyline.
The real story is that Robinhood just bought its way into the only crypto derivatives infrastructure in America that looks anything like CME.
It now controls an exchange, a clearinghouse, and a swaps venue that can list everything from crypto futures to event contracts.
SIG is the unspoken signal.
Their presence guarantees deep liquidity which is the single biggest obstacle to scaling any new derivatives venue.
Together they create the first retail native and institutionally liquid derivatives stack built inside the United States.
Prediction markets are just the appetizer.
The full meal is Robinhood’s entry into the regulated derivatives arena where very few players have ever been allowed to compete.
Vanguard 👑
Vanguard blinks; Allows crypto ETFs 🚀
Vanguard, the $11T anti crypto hold out, finally opened its brokerage platform to Bitcoin, Ethereum, XRP, and Solana ETFs for the first time ever (InvestmentNews)
The Background 🗺
Vanguard has been the loudest anti crypto voice in traditional finance.
Its former CEO Tim Buckley spent years saying Bitcoin had no place in retirement portfolios and doubled down again in early 2024 when Vanguard refused to list spot Bitcoin ETFs even as Fidelity and Schwab embraced them ( ETF).
The firm pulled Bitcoin futures ETFs from its platform ( Lowe ).
It told customers crypto was too speculative ( TheBlock ).
It treated digital assets as something beneath the Vanguard brand.
Crypto kept growing.
Bitcoin ETFs crossed $110B in assets ( TheBlock ).
BlackRock’s IBIT became one of the fastest growing ETFs of all time (Nasdaq).
Vanguard looked increasingly isolated.
Yesterday the isolation broke.
The Announcement 📣
Vanguard will now allow customers to trade regulated crypto ETFs and mutual funds that primarily hold Bitcoin, Ethereum, XRP, and Solana ( CoinDesk ).
It is not launching its own crypto products.
It is simply opening the gates so its 50M clients can trade spot crypto funds the same way they trade gold and commodities.
Vanguard said the shift reflects improved operational maturity, stronger liquidity, and clear customer demand ( Vanguard ).
Crypto won the argument.
The Reaction 📢
Crypto Twitter treated Vanguard’s reversal like the plot twist nobody saw coming but everyone secretly wanted.
Eric Balchunas kicked things off with a perfectly deadpan reality check:
Translation: the most anti crypto firm on earth just capitulated and everyone is too emotionally exhausted to celebrate.
The vibe was basically: “Oh by the way, Vanguard will now let you buy Bitcoin ETFs tomorrow.”
Like it was nothing.
Then the context everybody needed.
He reminded followers that Vanguard once wrote whole essays about why Bitcoin had no place in a real portfolio.
And now? They are rolling out the red carpet for IBIT.
The pivot is so dramatic it almost feels like satire
JdotHamilton summed up the entire competitive landscape in a single line:
The whole exchange felt less like market commentary and more like a group chat reacting to a friend who finally admits their ex was actually great.
Vanguard didn’t change its philosophy.
Crypto just changed the world around it.
The Deal Points And What This Means 📊
Deal points
• $11T in Vanguard customer assets can now access crypto ETFs
• 50M investors gain one click exposure to BTC, ETH, XRP, and SOL
• Eligible products include IBIT, FBTC, and major Ethereum ETFs
• Excluded products include memecoin themed ETFs and unregistered funds
• Vanguard still does not plan to launch its own crypto ETFs
• Crypto ETFs are classified as satellite exposure similar to gold
What this means
Vanguard simply ran out of reasons to keep saying no.
When the most conservative firm in America caves, the debate is over.
🧭 Regulation Roundup
Governments are moving from talking about crypto to stress testing it in law, courts, and capital markets.
This week spans presidential vetoes, tax rewrites, prediction market battles, and a new wave of stablecoin and tokenization rules.
🇵🇱 Poland President Vetoes Crypto Market Bill On Civil Liberties Grounds
Poland’s president blocked a MiCA style crypto bill, arguing it would let authorities shut down platforms too easily and threaten the freedoms and property rights of Poles (CoinDesk).
🇰🇭 Sanctioned Cambodian Bank Huione Shuts Down After Run On Accounts
Huione, a Cambodian lender previously hit by U S sanctions for alleged illicit crypto activity, froze withdrawals and halted operations following a mass rush by customers to pull funds (CoinDesk).
🇺🇸 FDIC Signals First GENIUS Act Rules Coming This Month
Acting FDIC chief Travis Hill said the agency plans to float the first GENIUS Act proposals in December, setting out how banks can engage with stablecoins and digital assets inside the insured banking system (CoinDesk).
🇺🇸 House Republicans Detail Alleged Choke Point 2.0 Against Crypto
A new report from House Financial Services Republicans accuses federal agencies of using back channel pressure to debank lawful crypto firms, reviving accusations of a modern Operation Choke Point (CoinDesk).
🇪🇺 Europe Seizes $1.51B Bitcoin Mixing Operation
European authorities dismantled CryptoMixer, seizing servers, data, and BTC they say were used to launder roughly $1.51B for darknet markets and ransomware groups (CoinDesk).
🇨🇦 Canada Prepares Stablecoin Rules With Limited Systemic Impact
Canada is moving toward a stablecoin framework that Scotiabank says is more about modernizing payments than reshaping the broader financial system (CoinDesk).
🇮🇱 Israel Tightens Stablecoin Oversight As Digital Shekel Advances
The Bank of Israel signaled that stablecoins are now a core policy concern with trillion dollar trading volumes as it steps up oversight alongside digital shekel development (CoinDesk).
🇸🇬 Ripple Wins Wider License For XRP And RLUSD In Singapore
Singapore expanded Ripple’s permissions so it can offer token based settlement and RLUSD services to banks, fintechs, and crypto firms under a broader Major Payment Institution license (CoinDesk).
🇯🇵 Japan Plans Flat 20 Percent Crypto Tax To Match Stocks
Japan will move crypto gains into a separate taxation bucket at a uniform 20 percent rate, aligning digital assets with equities and easing the burden on local traders and startups (CoinDesk).
🇨🇳 China Vows Tougher Crackdown On Virtual Currencies And Stablecoins
Mainland regulators reiterated that crypto trading remains illegal and pledged to intensify enforcement against virtual currencies including stablecoins used for speculation and capital flight (CoinDesk).
🇺🇸 Kalshi And Prediction Markets Face Fresh Legal Headwinds
A deep dive into Kalshi’s court battles shows how state level gaming rulings could reshape the business model for prediction markets that rely on federal derivatives law for cover (CoinDesk).
🇧🇷 Privacy Speech In São Paulo Sparks Regulatory Backlash
A crypto executive’s claim that privacy is the immune system of freedom triggered political uproar in Brazil, highlighting tensions between financial surveillance and civil liberties in digital finance debates (CoinDesk).
🇧🇷 São Paulo Pilots Blockchain Microloans For Farmers
São Paulo will test a government backed blockchain platform delivering small microloans to rural producers, turning the city into a live lab for tokenized credit and financial inclusion tools (CoinDesk).
🇬🇧 UK To Crack Down On Crypto Tax Avoidance From January
New U K rules will require exchanges to send detailed customer data to the tax authority, tightening enforcement on undeclared crypto income starting in January (CoinDesk).
🇪🇺 KuCoin EU Wins MiCA License In Austria
KuCoin’s European arm secured a MiCA license in Austria, giving it a regulated base to passport crypto services across the European Economic Area (CoinDesk).
🇬🇧 UK Floats No Gain No Loss Tax Rule For DeFi
The U K proposed treating many DeFi token movements as no gain no loss events for tax purposes, a change that would eliminate phantom tax bills on on chain repositioning (CoinDesk).
🇦🇺 Australia Introduces New Digital Assets Bill After Past Blowups
Australia sent a digital assets bill to Parliament that would pull crypto platforms fully into the financial regulatory perimeter to prevent repeats of earlier exchange failures (CoinDesk).
🇦🇪 Ripple’s RLUSD Stablecoin Cleared For Use In UAE ADGM
Regulators in Abu Dhabi’s ADGM approved RLUSD for regulated use, allowing licensed firms to deploy Ripple’s dollar backed stablecoin in tokenized payments and settlement systems (CoinDesk).
🇵🇭 Philippine Exchange Targets $60B Tokenization Market With Project Bayani
PDAX launched Project Bayani to tokenize government bonds, equities, and funds, aiming at a projected $60B tokenized asset opportunity by 2030 (CoinDesk).
🇦🇪 UAE Banking Decree Puts All Crypto Under Central Bank Supervision
A sweeping new UAE banking law hands the central bank authority over all virtual asset and DeFi platforms, with steep fines for unlicensed operators as the country chases global hub status (CoinDesk).
🇪🇺 Securitize Wins EU Green Light For Tokenized Securities On Avalanche
Securitize secured an EU license to run a tokenized securities venue on Avalanche, aiming to bridge U S and European markets for on chain stocks and funds (CoinDesk).
🇺🇸 Nevada Ruling Opens State Front In Kalshi Prediction Market Fight
A Nevada court decided that Kalshi’s sports contracts fall under state gambling rules rather than exclusive federal derivatives oversight, setting up a state by state clash over prediction markets (CoinDesk).
The takeaway
Regulators are no longer debating whether crypto belongs in the system, they are deciding who controls it and on what terms.
Tax codes in Japan and the U K, stablecoin frameworks in Canada, Israel, and the UAE, and enforcement moves from Poland to China and Nevada show that digital assets are being pulled directly into mainstream legal and financial infrastructure.
The open question is whether this new architecture protects freedom and innovation or hard codes a more surveilled, state led version of the crypto economy.
Wrap Up ✌
✨Zoomed out, this does not look like a niche asset class, it looks like a new operating system for money.
Banks, brokers, internet giants, token issuers, and even satellite dreamers are all wrestling for the same prize which is control over liquidity, yield, and identity in a crypto powered world.
Where that power settles will decide whether this future feels like an open network or a very polished walled garden✨
