a lot of you should probably read this article although written a long time ago in another context the entire 'tokenization' strategy right now is a weird kind of attempted loophole to convert equity securities into debt securities to enjoy a certain legal arb stock is the paradigmatic equity security. this probably means a lot of voting and economic rights of stock are not going to be easy to get cleanly in the tokens you think of as 'tokenized stock' metalex.substack.com/p/are-t…

LaBinius: Lattice-based Polynomial Commitment Scheme over a Binary Field. Excited to present LaBinius, my recent work with @gregor_seiler. We show how to instantiate an Ajtai commitment over extremely efficient cyclotomic power-of-three rings and then connect it with a polynomial opening mod 2, so that R/2R is a binary field. Such a PCS is bridged with SOTA frontends, including Flock and Binius, to obtain end-to-end proofs of standard hashes with throughput of tens of thousands per second. osdnk.me/blog/labinius

Introducing The Horowitz Andreessen Academy.

cUSDT. Your balance stays encrypted onchain. Transfer amounts stay confidential. Use cUSDT to: → Pay without revealing the amount → Earn yield on @Morpho It's live on @Ethereum. It works. No bridging required. More ways to use cUSDT, more integrations, and more confidential tokens are coming. Shield your USDT at app.zama.org

Now your AI agents can use @arc (+ other chains & rails), controlled by rules you set. Here, our agent requests a $10/day budget, gets approved, and goes to work. Early Access is now open for a limited time. Sign up, try Arc, and you could get up to $50 for your agent's feedback.

Catena has received preliminary conditional OCC approval to establish a national trust bank. We're building a trust bank for businesses whose AI agents use money, pairing programmable controls with custody and fiduciary responsibility. catena.com/blog/catena-recei…

Some big news, Trueo will be deploying to Ethereum! The rationale for this decision is outlined in the article below, but here’s the TLDR: The combination of low execution costs on Ethereum, it’s unparalleled network effects and liquidity, and it’s long term positioning make it the most attractive place for us to build. Trueo’s priorities are to grow liquidity, reduce trust assumptions for the protocol, increase the App’s adoption, and build for the future. We believe Ethereum mainnet is the best platform in the world to support that vision and to develop a long term brand. Eth’s neutral and predictable roadmap reduces external execution risk for our App, its global distribution as a platform gives us unbounded integration potential, and its ethos is aligned with that of ours. Ironically though, despite Ethereum’s diverse DeFi ecosystem, the prediction market landscape is less crowded than other chains. This presents an opportunity for Trueo to establish a presence in the largest onchain economy in the world. For Trueo users on Base, this new development will not impact or disrupt the App. The TRUE token will migrate to mainnet, but the migration will be open ended. Users will be able to migrate at their own pace. Users can still create markets that expire in 2026, and all existing markets will be supported until their respective expiries. But for new market ideas that need to expire in 2027, we ask users to wait until our Ethereum instance is live to create them. The full details of what the migration entails for users and token holders can be found in the article. Long live Trueo. Long Live Ethereum ✌️

HIRING: Generalist Intern Remote, but you must have substantial availability between 11 AM and 11 PM PT. Looking for someone highly competent, high-agency, and comfortable working across product, operations, research, recruiting, and whatever else needs doing. Don’t send a resume or AI slop. In your own words, tell me one impressive thing you’ve done, with proof of work if possible. Interest or experience in financial trading and prediction markets a big plus. DM me or email careers@omnibook.xyz

The Three Real Models Of Tokenization Explained (Insider Take) with @Securitize Founder and CEO @carlosdomingo 00:00 Intro 00:37 Carlos Just Left The SEC In DC 02:08 Three SEC Proposals What Is Actually Real 04:26 Robinhood Stock Tokens Conflating The Industry 06:44 Not All Tokenized Assets Are The Same 08:54 Securitize Already Working With Asset Managers 11:09 Carlos Pitched Gensler On Transfer Agents 13:17 Ringing The NYSE Bell What Happened Next 15:08 $50M Cash First Time In Nine Years 17:06 When Grandma Buys A Tokenized Asset We Made It

1/ ZisK v1.2.0-alpha is out 🚀 We re-proved 7,200 consecutive Ethereum mainnet blocks on just 4× RTX 5090 GPUs. Same blocks. Same hardware. Median proving time: 5.779s → 4.693s ~19% faster.

Now on Ethereum Mainnet: @Trueo_ A decentralized prediction market built on Uniswap

timeline. ticker. trade.

prop amm from @metricxyz is the tightest venue we measure for bstocks on @bnbchain 7 days, executed onchain trades, spread vs binance mid, median distance by order size: $0-100 - 1.77 bps $100-500 - 1.18 bps $500-1k - 1.05 bps $1k-2.5k - 1.08 bps $2.5k-5k - 1.12 bps $5k-10k - 1.23 bps $10k-50k - 1.54 bps 1.13 bps overall median, tightest of every live venue we track spread barely moves from a $50 ticket to a $50k ticket just use @bnbchain to trade your stocks

PropAMM volume breaks $100M daily for the first time Now circa 10% of all spot DEX volume on Ethereum

Still early days but FermiSwap have >$1m deployed and I've seen a few >$300k trades go through them etherscan.io/address/0x585d4…

Also, @ethrex_client has a testnet for Frames, FOCIL plus companion EIPs that together allow privacy protocols on top of Ethereum to behave as full first-class citizens:

We are running a public testnet for the EIPs behind Ethereum's privacy roadmap, built on top of Glamsterdam. It runs EIP-8141 (Frame Transactions), EIP-8250 (Keyed Nonces), EIP-8272 (Recent Roots), EIP-7805 (FOCIL), and EIP-8369 (VOPS profiles), each implementation up to date with its spec. The frames implementation matches the latest execution spec tests release. Anyone can sync, peer, transact, and use the faucet to fund test accounts. The only permissioned part of the network is validator entry. If your client team is working on any of these EIPs and wants to validate, reach out to us, and we'll get you set up with deposit tokens. RPC, explorer, and tooling notes: faucet.privacy.ethrex.xyz/