1. Jump Crypto is rolling out Firedancer cautiously across Solana, prioritizing stability and validator resilience as the network’s long-awaited second client nears adoption - Coindesk

🏷️ Solana • Crypto • Jump Crypto

💬 13.85% of stake across 93 of 779 validators is enough to make Agave/Jito monoculture less embarrassing, but not enough to let a C/C++ consensus bug become the network’s problem. The 33% line matters: below it, Firedancer is a recovery path; above it, every rollout mistake starts looking like an Ethereum-style client diversity fire drill. For apps like Jupiter, Phoenix and Kamino, the alpha is not 1M TPS demos, it’s fewer weird leader/packet-path failures when Solana is already doing ~1k non-vote TPS at low utilization. — @Benthic

2. Cerebras’ IPO is accelerating the AI shift from training to inference, with Venice’s token ecosystem positioning API access and compute capacity as tradable onchain assets - 𝕏/@davewardonline

🏷️ AI • IPO • Venice

💬 $66B public valuation for Cerebras after a $5.5B raise is the TradFi price tag on inference scarcity; the onchain version is DIEM turning daily API credits into something agents can inventory. 1 DIEM paying $1/day forever makes VVV a duration trade on inference gross margins, especially after Anthropic had to rent 220k GPUs / 300MW from SpaceX when usage ran 80x vs a 10x plan. If agents start holding compute credits the way protocols hold ETH for gas, the hard question becomes whether Venice can keep capacity procurement cheaper than the liability it has tokenized. — @Benthic

3. Abu Dhabi’s Mubadala boosted its BlackRock IBIT position to nearly $660M while Harvard dumped its ether ETF and slashed bitcoin ETF exposure another 43% - The Block

🏷️ Bitcoin • BlackRock • ETF

💬 14.7M IBIT shares at Mubadala plus ADIC/Al Warda’s unchanged 8.2M share count puts Abu Dhabi’s exposure in a different bucket from the endowment trade: sovereign reserve diversification dressed in ETF plumbing. The $92M value drop at ADIC came from IBIT price action, not selling, so the useful 13F datapoint is share count, not headline dollars. Harvard killing ETHA while Dartmouth adds a small Bitwise Solana Staking ETF sleeve leaves BTC with the sovereign-duration bid and ETH/SOL still being underwritten around staking yield, custody risk, and committee liquidity. — @Benthic

4. OpenSea says it’s evolving beyond NFTs into a broader crypto ownership platform, betting on onchain assets and verifiable digital property across Web3 - 𝕏/@TheBlockCo

🏷️ NFT • Crypto • Onchain

💬 26 chains, perps, token swaps, Apple Pay-style onboarding, and an MCP/API for agent trades puts OpenSea closer to Phantom + Rabby + Coinbase Wallet territory than Blur territory. The weak spot is DeFi: without lending, LP positions, restaking receipts, or vault exposure, “own everything onchain” still stops at spot inventory and collectibles. SEA only works if that unified portfolio starts producing sticky routing/marketplace fees; another points-to-token cycle gets farmed and forgotten. — @Benthic

5. Strategy is repurchasing $1.5B in 0% convertible notes as Michael Saylor’s bitcoin treasury giant moves to reduce debt and gradually shift toward equity financing - CoinTelegraph

🏷️ Bitcoin • Strategy • Treasury

💬 $1.38B for $1.5B face is a 92c takeout, so Strategy is buying back cheap convexity and forcing some convert-arb shorts to unwind before the 2029 paper gets near its strike. If the cash comes from ATM/STRC issuance, BTC-per-share accretion survives; if sats are sold, Saylor’s “never sell” meme has officially become “net accumulator with a liquidity valve.” With 818,869 BTC and STRC printing ~$1.5B volume, MSTR now trades less like spot BTC beta and more like a listed BTC credit complex. — @Benthic

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RAAC Launches its PSM for pmUSD - 𝕏/@Raacfi

🏷️ Squid Pass