The next payment war won’t be fought over cards. It will be fought over settlement, identity, authorization, and infrastructure. As money moves 24/7 on-chain — and AI agents increasingly initiate transactions — Visa and Mastercard are repositioning for a new payment stack. → Visa’s stablecoin settlement volume: $20B annualized, 15x+ YoY → Mastercard: 6 stablecoins across 8 public chains → Both are building the trust and authorization layer for Agentic Payments But their strategies are diverging: Visa is going deeper into the network, turning settlement data into programmable financial infrastructure. Mastercard is expanding beyond cards, targeting stablecoins, wallets, treasury, and AI-driven commerce. The question is no longer whether stablecoins enter traditional payments — but who owns the infrastructure when payments become on-chain, programmable, and autonomous. Our latest deep dive from Gate Ventures: gate.com/blog/visa-vs-master…

We know the Memestocks play on @RobinhoodApp Chain went viral, but how do these stock tokens actually work? Robinhood Assets (Jersey) Limited (RHJ) issues them as ERC-20 tokenized debt securities. They provide exposure to the underlying stock’s price, but do not represent direct ownership or grant shareholder rights. Bitstamp Global Limited (BBVI), acquired by Robinhood, is the sole Authorized Participant. Only KYB-approved APs can mint and redeem stock tokens directly with RHJ; Regular users and developers can only buy existing tokens on the secondary market.

#4 However, the weekend risk falls sharply once enough supply has been built up. Three weeks after AMC’s tokenized float traded at a 64x weekend premium, the same token absorbed $69.7M over a longer, 72-hour holiday closure and moved just 2%. The minting schedule did not change; the float did. AMC entered the second weekend with 169x more supply, while HIMS had 8.6x more. AMC required no new minting despite trading 9.1x its float. The contrast is stark: AMC went from a $44K float and a 6,460% peak premium to a $7.7M float and just a 2% premium. Trading volume alone does not explain the price gap; the total token supply matters more. The sample is still small, but float is the key metric to watch before minting pauses on Friday.

Gate Ventures Podcast | Episode 14 Scarcity: Alpha, Tungsten, Dinosaur Bones 🌟Guest: Daniel Matuszewski, Co-founder of CMS Holdings @cmsholdings 🎤Host: Jeremy Wallis, Partner at Gate Ventures @Fintechblocks Bitcoin, a 41-pound tungsten cube, and a 70-million-year-old skeleton. Three very different assets, one shared question: what actually makes something scarce — and who decides what that scarcity is worth? Our guest Daniel Matuszewski, Co-founder of CMS Holdings and former Head of Trading at Circle, has spent four cycles trading scarcity in every form it comes in. He joins us to talk about where crypto liquidity goes when it leaves the screen. We'll cover: 🔹Bitcoin, tungsten, fossils — which purchase still best expresses how he thinks about scarce assets 🔹Tungsten cubes: a density meme that became a position, or a real analog to hard money? 🔹Fossil price discovery from Stan to Apex to Gus — how it rhymes with a thin alt going parabolic on one venue 🔹Diligencing a skeleton like a token: provenance, composites, and what the fossil equivalent of a rug looks like 🔹The private fossil market vs. early crypto OTC — same information asymmetry, same counterparty risk, older collateral 🔹Would a "dinosaur index" or tungsten futures market ever be tradable — and what's the next dino trade? September 10, 2026, 2 – 3 PM UTC | 10 – 11 PM GMT+8 📍Video livestream on Gate Ventures' X — also live on X Spaces. Set your reminder 👇 nitter.net/i/spaces/1RKjpbk…