Robert Leshner returns. In this episode, Frank Chaparro (@fintechfrank) sits down with @rleshner again to talk about the first inning of onchain equities, building fully permissionless markets, and the future of trading in the next three years. Watch here:

24/7 trading needs 24/7 collateral. @GSR_io’s Managing Director @baehr explains why tokenized Treasuries and money market funds could help keep collateral productive, enable weekend trading and reduce risk as markets move toward an always-on model. @jennsanasie brings you this week’s Brand New Rails.

We’re excited to be heading to @kbwofficial 2026! Korea is one of crypto’s most significant markets, and we’re looking forward to connecting with the community, sharing perspectives, and building relationships across the ecosystem. See you in Seoul! 🇰🇷

"Uptober" starts next week.

"Easy mode" is a myth.

Robert Leshner is back on GSR’s The Crypto Tape. What happens when equities move onchain? Three years from now, Robert thinks there could be more ways to trade Tesla than ever before. Long term, agents and aggregation may make all that choice invisible. We also get into why the money is in trading, not issuance, and why Superstate is building the pipes underneath it all. Episode drops tomorrow.

It’s a stare at charts all night type of market.

Here's how Hayden Adams (@haydenzadams) explains Uniswap and DeFi to asset issuers: "It's like being listed on every exchange on earth at once."

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Bloomberg today: “The rally is occurring amid a broader risk-on shift. This risk-on turn followed last week’s FOMC meeting where the Fed [...] removed some uncertainty about the rate path for the rest of the year.” — Carlos Guzman (@Carlos_Guzman), VP of Research at GSR

What's the future of DeFi and RWAs? Think about how the Internet evolved. Here's Hayden Adams' (@haydenzadams) take.

Are your Crypto Twitter mutuals sidelined? Be honest.

People ask, "What assets is Uniswap for?" Here's how @haydenzadams answers.

Median float at first CEX listing: 2017: 38.2% 2018: 41.0% 2020: 13.2% 2024: 18.0% 2025: 19.2% 2026: 22.3% Launch floats have roughly halved since the ICO era. via GSR Research

In a collaboration between GSR's research and advisory teams, we’ve mapped every token listing on major exchanges since 2013, more than 2,300 launches, covering each launch's performance, float, FDV, sector, and more. Read here: gsr.io/insights/beyond-low-f…

Follow our analysts. @carlos_guzman @slatersanter And have a good weekend.