Note
Welcome to daily issue of the Boba Brief Newsletter. This is last 24hrs in crypto, DeFi, macro, ai & tech world

MAJOR UPDATE

Donald Trump will meet with U.S. senators tomorrow to discuss the Crypto Clarity Act.

CRYPTO Brief

  • BlackRock’s crypto AUM fell 39% despite $15B in net inflows over the past year.

  • Binance is planning to shift from pure crypto trading to more payments focused super app with broader financial services; per coindesk.

  • Morgan Stanley has filed for spot ETH and Solana ETFs.

  • US government just emptied the FTX and Alameda seized wallet and moved $9.28M in ETH to Coinbase Prime, per onchain lens.

  • Ripple is investing $250,000 in 25 veteran and military spouse owned businesses. each will be receiving $10,000 grant and other support.

REAL WORLD Brief

  • South Korea is planning to update a 76 year old law to classify cryptocurrencies as national assets; on the other hand, Japan has already reclassified cryptocurrencies as financial assets and a potential Bitcoin ETF might be in the horizon.

  • Kalshi

  • Elon Musk confirmed that X will be fully open source after completion of a security review. Independent reviewers will be able to verify the codebase with the live system.

  • Global Oil

  • DTCC is tokenizing Microsoft, Circle, SPY, QQQ and US Treasury’s in a LIVE pilot with nearly 40 Wall Street firms including BlackRock, Goldman Sachs, JPMorgan and more. Planned launch is October 2026.

  • SpaceX shares on a 3 day losing streak, last close at $136.08 which is just with $1 above their IPO price of $135. The stock is currently down 33%.

  • Stripe and Advent International has offered to acquire PayPal for more than $53B, per reuters.

  • The Linux Foundation has launched the x402 Foundation to develop open payment standards for AI agents, APIs and apps. The 40 members include -

DEFI Brief

  • Katana

NANSEN data

TOP CRYPTO COINS in last 24hrs

XRP, AKEDO, Zcash, Pudgy Penguins, Pump Fun, CashCat, The Black Bull,Falcon Finance, LAB, Hyperliquid,

CRYPTO COINS I am watching

XRP $1.11

BITCOIN $64,894

ETH $1,922

SOLANA $77

HYPE $66

Nothing i write or share is financial advice - NFA

BOBA BRIEF

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