Private Markets Can Withstand Shocks, Blue Owl's Clarke Says
The alternative assets industry is democratizing to allow individuals to take part in a full suite of investments, the firm's global head of institutional capital said in an interview on Bloomberg TV on Tuesday.
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Yahoo
42 minutes ago
- Yahoo
Robinhood's tokenised stocks are seen as ‘next major driver of onchain adoption'
Tokenised debt helped DeFi survive the 2021 to 2022 bear market, but a pivot to tokenised stocks could boost the $115 billion crypto sector's next growth phase. That's according to a Monday report by Wintermute, a crypto market maker, that said market conditions necessary to incentivise the pivot are already emerging. The report said central banks are likely to lower interest rates in the next 12 to 18 months, which could dampen bond yields and other debt instruments. And Robinhood is positioning itself to capitalise on the market shift as the fintech app debuted tokenised stock trading for its users in June. 'Robinhood's timing is significant,' Wintermute said. 'As the yield trade loses momentum, tokenised equities, less dependent on interest rate dynamics, could emerge as the next major driver of onchain adoption.' Tokenised equities don't rely on interest rate gymnastics, the way bonds do. Instead, they offer volatility, growth, community, appeal, and retail excitement. Retail excitement has been noticeably absent from DeFi since the height of its buzz in 2021. Making a splash But for now, tokenised stocks remain a tiny slice of DeFi's real-world asset, or RWA, pie. They account for only $424 million out of the $25 billion RWA market, which is mostly dominated by tokenised credit, Treasuries, and other low-velocity debt instruments. And while Robinhood has made a splash, competition is brewing. Crypto-native rivals like Kraken and Bybit are also ratcheting up their tokenised stock trading offerings, while Ondo Finance has sought regulatory approval to buy Oasis Pro, a regulated broker. Coinbase has also applied to the Securities and Exchange Commission for approval to offer tokenised stock trading. For Wall Street incumbents, tokenised stock trading could upend the status quo and push them to play second fiddle in their own arena, according to Galaxy Digital analysts. Last week, the crypto firm warned that fintech disruptors like Robinhood and crypto-native players like Coinbase and Kraken moving into tokenised equities could reduce titans like the New York Stock Exchange to 'mere custodians.' And traditional firms like JPMorgan, Wells Fargo, and Citigroup are already scrambling to adapt by launching stablecoin and tokenisation platforms. Still, Galaxy Digital analysts say the market edge will lie with participants that not only offer trading but also control the underlying blockchain infrastructure. Crypto market movers Bitcoin is up slightly by 0.1% over the past 24 hours and is trading at $108,832. Ethereum is also up slightly by 0.5% in the same period to $2,575. What we're reading A digital euro will be a poor and crippled substitute to stablecoins — DL News Jack Dorsey Tests Decentralized Messaging App Bitchat — Unchained 3 factors impacting crypto this week — Milk Road Vitalik's EIP-7983 Calls For 16.77M Gas Cap Per Transaction — Unchained Solana bot platform Axiom takes over AI coder Cursor with $150m revenue fuelled by airdrop hype — DL News Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Elon Musk's SpaceX Moves Bitcoin For The First Time In 3 Years: Is A Sell-Off Incoming?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. SpaceX has reportedly moved parts of its Bitcoin holdings after a long period of dormancy. Cryptocurrency intelligence platform Arkham said Tuesday on X that a wallet linked to the Elon Musk-led space exploration and technology company had moved about 1,300 BTC worth over $153 million, marking the first time the wallet has been touched since June 2022. 'SPACEX JUST MOVED BITCOIN FOR THE FIRST TIME IN 3 YEARS,' Arkham wrote. 'They sent 1.3K BTC ($153M) to a fresh address this morning.' Don't Miss: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— — no wallets, just price speculation and free paper trading to practice different strategies. The report has raised questions about the purpose of the transfer, with moves like this typically indicative of a wallet custody adjustment or an impending sell-off. SpaceX did not immediately respond to a Benzinga request for comment. According to Arkham data, the SpaceX-linked wallet still holds nearly 7,000 BTC worth over $830 million. Meanwhile, at last look, the transferred 1,300 BTC has not moved from the recipient address. The recent asset movement comes as SpaceX's lucrative government contracts have reportedly come under scrutiny from the Trump administration following Musk's row with President Donald Trump. Meanwhile, amid this uncertainty, the firm is seeking to raise over $1 billion to secure a $400 billion valuation. Trending: Grow your IRA or 401(k) with Crypto – . SpaceX's Bitcoin Exploration Musk first disclosed that SpaceX had added Bitcoin to its balance sheet in July 2021, without revealing how much the firm had invested in the asset. But reporting from blockchain sleuths suggests that the firm purchased nearly 26,000 BTC for about $860 million in 2021 at an average price of $33,000 per coin. Sometime down the line, however, the reporting suggests that the firm reduced its holdings to just over 8,000 BTC. This aligns with Wall Street Journal findings in August 2023, indicating that the firm had sold the asset. Similarly, Tesla purchased over 43,000 BTC worth $1.5 billion in February 2021, according to Securities and Exchange Commission filings. The firm cited a need 'for more flexibility to diversify and maximize returns' on its cash as the reason for its decision. Like SpaceX, Tesla has also significantly reduced its Bitcoin holdings to just over 11,500 BTC, worth $1.4 billion at last his firms have significantly reduced their Bitcoin holdings in recent years, Musk in 2022 said that he intended not to sell his holdings. He said this while discussing inflation concerns. 'It is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high,' he said on X at the time. 'I still own & won't sell my Bitcoin, Ethereum or Doge fwiw.' Recently, Musk has stoked speculation that he has been quietly accumulating the asset by liking a post suggesting so. He has also said his proposed political party, the 'America party,' would 'embrace Bitcoin,' slamming fiat as 'hopeless' in the wake of his disillusionment with the government's decision to pass the so-called "One Big Beautiful Bill." The act's provisions could add over $3 trillion to the national deficit in the next decade, according to estimates by the Congressional Budget Office in May. Read Next: A must-have for all crypto enthusiasts: . Image: Shutterstock This article Elon Musk's SpaceX Moves Bitcoin For The First Time In 3 Years: Is A Sell-Off Incoming? originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
an hour ago
- Forbes
AI Alone Won't Save You: Solve A Real Problem First
Digital generated image of abstract AI data chat icons flying over digital surface with codes We're living in the age of copy-paste intelligence. You can spin up an AI-powered landing page in 15 minutes, plug in a few GPT calls, and it'll even write its own press release. The tools are impressive. But most of what gets built doesn't stick. The real issue isn't a lack of AI, it's a lack of purpose. Many products skip the part where they answer: Why does this need to exist? Too many products today are beautifully packaged but hollow. A glossy AI wrapper with no meaningful problem underneath. Founders get caught up in the novelty and forget to ask the most important question: What are we really solving? Great products start at the breaking points. Where something is frustrating, slow, tedious, or emotionally draining. That's where the value is. AI should quietly support that, not be the entire pitch. Start With Problem, Not the Solution A lot of AI products today start with the technology. The model comes first. Then comes the scramble for a use case. That's backwards. The best ideas start with a real-world problem. Something that's annoying, inefficient, or consistently painful. That's where AI can make a real difference. Take something as specific (and surprisingly frustrating) as naming a company. It sounds simple, until you try. Founders spend hours searching for something that feels right - a name that fits the story, the tone, the ambition. But they often settle for whatever's available. Keyword-based search tools don't help much in finding great domain names. You enter a word, get back a bunch of literal matches. Some might be close. Most aren't. But that's not how people think. They search in feelings. In phrases. 'Something calming but confident.' 'A name that sounds smart but not cold.' That's not a search problem. It's a language problem. We built semantic search at not to showcase AI, but to bridge the gap between how people describe what they want and how results are typically delivered. One founder, for example, was building a modern parenting brand. She didn't search for 'baby' or 'mom.' She searched for something that felt timeless and trustworthy, something that could evolve with the brand. The name she picked wasn't obvious. But it clicked. Because it captured the feeling, not just the words. That's what AI should do. Not call attention to itself, but quietly help people get to a better answer. The Real Difference Is in the Decisions Everyone has access to the same tools. The same models, APIs, tutorials. That's not where the edge is. What really separates strong products from forgettable ones is the thinking behind them. The decisions about what to build, and what to leave out. It takes restraint to focus on solving one specific thing well. It takes clarity to ignore the hype and focus on something that's actually useful. The best builders aren't showing off the technology. They're paying attention to the person on the other side. The Best AI Products Don't Talk About AI Think about the tools you rely on every day. Notion. Figma. Superhuman. They all use AI but none of them lead with it. They just work better. Quietly. That's what progress looks like. You don't remember the tech. You remember how much smoother things felt. One of the clearest examples of this approach is Dharmesh Shah, co-founder of HubSpot. He's quietly building a suite of AI-powered tools that actually help you get work done. Agents that research companies, summarize complex inputs, and yes, even help find domain names. Not as a gimmick. But because those are tasks people genuinely want to spend less time on. It's not about being flashy. It's about being helpful. Better Questions to Ask If AI can make that feel lighter, faster, or simpler, you're onto something. If you're starting with 'what can we build with GPT-4,' you're probably building a demo, not a product. Final Thought: Solve Like a Human, Then Scale Like a Machine The companies that will stand out in this next wave won't be the ones shouting about AI. They'll be the ones quietly removing friction. Making things easier. Helping people move faster with less frustration. That's the work that lasts. Start with pain. Then let the AI fade into the background.
