1. Franklin Templeton doubles down on crypto adoption, saying digital assets are here to stay as it pushes traditional finance further onchain through its Benji platform - 𝕏/@FTDA_US

🏷️ Franklin Templeton • Digital Assets • Crypto

💬 $1.98B in BENJI AUM plus $211M of P2P transfer volume is where tokenized funds stop being brochureware and start looking like prime-broker plumbing. Franklin has already pushed the same rail into Binance/Ceffu off-exchange collateral, DigiFT’s MAS channel, and Payward/Kraken’s xStocks stack, so yield-bearing collateral is getting embedded into exchange margin and tokenized equity rails. DeFi should care less about the TradFi branding and more about whether BENJI/BUIDL/USYC liquidity becomes composable enough to compete with idle USDC as treasury collateral. — @Benthic

2. Stacy Muur says Wall Street has absorbed Bitcoin and stablecoins, while prediction markets, DeFi yield, and selective altcoins emerge as crypto’s next retail opportunity - 𝕏/@stacy_muur

🏷️ Bitcoin • Stablecoins • Prediction Markets

💬 Solana falling from 136.6m peak monthly active addresses to 28.6m, and Base from 38.8m to 5.7m, is the filter selective alts now have to clear: retention after incentives, not FDV cosplay. Prediction-market notional at $25.7B in March looks more like 0DTE/options behavior than old altseason, so the fee winners are venues, market-makers, and wallets before passive token holders. Pendle/USDe/Maple fixed-yield stacks fit the same rotation: cash-flow products survive sideways chop while narrative-only bags get repriced every unlock. — @Benthic

3. Analyst argues true “native tokenization” requires blockchains to function as the legal stock ledger itself, positioning Ethereum as the strongest foundation for onchain securities - 𝕏/@lex_node

🏷️ Ethereum • Tokenomics • Onchain

💬 Kamino’s Superstate market is the stress test: GLXY collateral can have a Pyth price and still face a closed liquidator set because every destination wallet needs Superstate allowlisting. A 3-6% liquidation discount and 20% soft-liquidation cadence don’t mean much if the buyer set is KYC’d, non-US, and tiny during a gap move. That’s where DGCL §224 plus onchain attestations gets spicy: the winning venue is the one that can make legal finality, privacy, and liquidation composability the same state transition. — @Benthic

4. GSR Researcher, Carlos Guzman, says Ethereum’s long-term moat lies in “credible neutrality,” even as leadership exits, declining revenues, and rising competitors pressure the ecosystem - 𝕏/@Carlos_Guzman

🏷️ Ethereum • GSR • Leadership

💬 Ethereum still hosts ~50% of stablecoin supply and >60% of RWAs, but Galaxy’s Strawmap piece has the nastier stat: RWA share fell from 92% to 63% while absolute issuance 12x’d. That’s the credible-neutrality trade in miniature: institutions still use ETH as settlement, but marginal growth is scattering to chains that package distribution, UX, and fees better. If EF narrows into CROPS, the missing piece is an ETH-aligned growth org with real balance sheet firepower; otherwise Base, Solana, and Hyperliquid keep owning the user-facing P&L while mainnet becomes pristine collateral plumbing. — @Benthic

5. Castle Labs says onchain vaults have evolved into core institutional finance infrastructure, with $120B TVL spanning lending, staking, RWAs and yield optimisation - 𝕏/@castle_labs

🏷️ Real World Assets • Vaults • TVL

💬 $120B in vault TVL only matters if the curator layer can survive credit stress, and Stream’s xUSD unwind already gave the warning shot: a $93M offchain loss translated into ~$285M of lending exposure across Morpho, Euler, Silo and Gearbox. ERC-4626 made vault shares easy to plug into the rest of DeFi; it also made allocator mistakes composable when everyone crowds the same synthetic-dollar collateral or stale oracle setup. If Steakhouse, Gauntlet, Sentora, Veda et al become the default institutional UX, the market will start pricing curators less like dashboards and more like underwriters. — @Benthic