Aero is set for takeoff 🛫 Launch date and details here: aero.xyz/articles/aero-launc…

Excited to announce Coinbase Tokenized Stocks are now live on Aave V4 on @base. Users can borrow USDC against tokenized stocks. Aave is on a mission to bring the $200T global equities market onchain.

$ENA is one of the primary beneficiaries of more trading activity leading to higher yields and in turn reflexive growth of USDE and now with this expansion their serviceable addressable market expanded massively. In my opinion most liquid allocators are meaningfully undersized Ethena when considering the scale of the opportunity. Just as a reminder there are only 4 stablecoins which have real scale, network effects, and distribution and USDE is one of them (and I think the top one outside of USDT and USDC)

Over the past few months dcf cap has accumulated almost 1% of the grass supply It hits all the right narratives - high revenue / growth, ai, and decentralized compute There’s low emissions as they paid node operators in usdc and investors have been vesting for a bit already And the team has very clearly said the equity is worthless and everything is for the token… compare to vvv, which is a multi b ai bet even with equity v token drama It hasn’t caught a bid because the revenues are off chain We just got our first re rating as they proved last year and 2026 H1 revenue was real We will get our next when their projected 2026 revenue of $60 - 70M is proven real And another when they finally do some meaningful buybacks instead of reinvesting Also helps that Austin and the @Delphi_Digital team continue to support them Note: dcf cap holds @grass

The basis trade is already back to 20% of USDe’s backing. Expect that share to rise gradually as this rolls out. Incredibly bullish for Ethena.

Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch. This expands the addressable market of underlying collateral from $2.5 trillion of crypto to $150 trillion+ of real-world assets. As part of the partnership, bStocks will serve as tokenized spot collateral, hedged with Binance USDT-denominated equity perpetuals - the same delta-neutral structure Ethena has securely executed across crypto assets since inception. Importantly, Binance provides lower ADL priority for eligible delta-neutral accounts including Ethena's, adding another layer of risk mitigation for USDe holders. Binance equity basis has averaged ~11%+ annualized over the past 6 months, while open interest has grown on average ~30% per month in the last 3 month period. We expect the market opportunity size for equity perpetuals to far exceed the $15b+ of crypto perpetuals captured by Ethena last cycle. Allocations begin today.

(1/6) Introducing Catapult, our accelerator for founders bringing new yield-bearing RWAs onchain. You bring the asset, and our team incubates, bootstraps liquidity, market-makes, and drives integrations across onchain markets through our curation arm, while leaders from 20+ top co’s shaping the RWA space mentor you along the way. How to join ↓

(1/6) Introducing Catapult, our accelerator for founders bringing new yield-bearing RWAs onchain. You bring the asset, and our team incubates, bootstraps liquidity, market-makes, and drives integrations across onchain markets through our curation arm, while leaders from 20+ top co’s shaping the RWA space mentor you along the way. How to join ↓

Our latest research paper explores the growing connection between AI and digital assets and explains why broad AI adoption may drive new demand, utility and applications across the digital asset economy. blackrock.com/us/individual/…

There it is

$GRASS is one of the most interesting tokens at the intersection of crypto and AI as it 1) plays a critical role across model training and usage, 2) has a triple digit annual growth rate, and 3) is trading at ~6x forward revenue with strong gross margins despite the above. In my opinion, as revenue growth accelerates in the second half of the year, new product releases (LCR) approach, and the team takes the market's feedback to heart and increases the cadence of financial and traction updates, we will likely see a re-rating to closer to my own estimate of fair value which is approximately $GRASS at $1.50. Grass Network is a direct beneficiary of continued growth in AI usage by both providing the major frontier labs the structured data needed for model pretraining and also as it expands its product set to provide real-time data to models during inference. One of the major pushbacks to Grass has been the lack of frequent updates of their financial progress which is a reason Grass is still trading at what is in my opinion such an attractive relative valuation. I think the team recognizes this dynamic and this report is them hearing the market's feedback and making the right adjustments. Great sign when an exceptional team recognizes the areas for improvement and levels up.

Nice reset in OI over the last couple of days while $ZEC price has held firm. Strong setup for the next move higher

Grass DataCo Ltd., a wholly owned subsidiary of Grass Foundation, provides data infrastructure to leading AI labs training frontier models. We're publishing an independent attestation of its revenue through Q2 2026, conducted by Regen Financial. Full report: grass.io/resources/grass-att…

Grass DataCo Ltd., a wholly owned subsidiary of Grass Foundation, provides data infrastructure to leading AI labs training frontier models. We're publishing an independent attestation of its revenue through Q2 2026, conducted by Regen Financial. Full report: grass.io/resources/grass-att…