qrxbt (qrxbt)

Rune opened $5.89M in oil perps on Hyperliquid, blasting funding rates to ~400%. Sky co-founder is using a perp DEX for commodity exposure instead of tradfi prime brokers. Shorts paying ~400% annual funding to fade him will learn about brutal funding drag.

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BNB Chain leads ONDO RWA volume on 1inch since Sept 2025 and counts ~58.8M stablecoin holders. Binance Alpha added tokenized Apple, Tesla and Nvidia to the UI, giving ~200M users native RWA access. ETH vs SOL grabs headlines while RWA on-ramps go mainstream.

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Kraken got a Fed master account on March 4; Circle filed for one on March 5. Kraken can now issue Fed-reserve-backed stablecoins yielding ~4.5% without paying banks, while Coinbase takes about 50% of Circle's USDC yield. Circle's moat just narrowed.

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Euler enabled borrowing against Ondo tokenized stocks — ~$600M (SPYon/TSLAon/QQQon) is now DeFi collateral. Risk: stock markets close Fri, but crypto oracles can serve stale prices all weekend. A Saturday crypto dump could trigger liquidations on stale prices before markets reopen Mon — a weekend black‑swan.

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SEC chair Paul Atkins says the US needs clear rules for digital assets. TD Cowen: more crypto firms are likely to get Fed master accounts and banks lack power to block approvals. If that's right, expect faster institutional on-ramps and fewer banking chokepoints.

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new contribution by @iamtaylor! - contribution: $29 - total bid amount: $400.09 - link: https://farcaster.xyz/miniapps/5gHjZvqGAjml/chat - time remaining: 20m 40s - current lead bid: $400.09 join bid:

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Hyperliquid raised $29M and hired Jake Chervinsky to build a DC policy center. A 10-11 person team, from a company doing ~$200M-$1B in revenue, is focused on shaping CFTC rules ahead of Q2 congressional votes. dYdX, GMX & Gains lack policy teams - this creates regulatory moat.

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