Officials issue their own tokens—today California simply signed this route shut
Governor Newsom signed it decisively, specifically targeting the issuance of self-made tokens by public officials, and even directly said that this trend is the opposite of Trump’s. The meaning is clear: power, or issuing tokens—pick one.
On the other side, the developments are even more interesting. With a $292 million hole, KelpDAO didn’t waste words and immediately sued LayerZero and its CEO—rsETH is Kelp’s ETH, plus a restaked token. The funds were bridged, then someone walked them off; this is the largest bridge theft case in 2026. The key question is one: is a bridge just a pipeline that relays messages, or does it also bear security responsibility? Whatever way the ruling goes, the word “responsibility” in DeFi being written into a lawsuit for the first time is worth more than a hundred analyst reports.
Even the way the money votes has been pretty straightforward. On AAVE, tokenized stocks from Apple and Nvidia can already be used as collateral to borrow USDC—real profits and real assets step in first. Meanwhile, the XRP Ledger’s Batch upgrade is delayed until October 9 due to validator support for reset. One is already in place to backstop, the other has to wait; the funds are moving to new positions. Remember to come back on October 9 for the answer on XRP.
I’ve always said: whether an industry is mature or not, don’t look at how high it boasts. Look at whether the books are clear after things go wrong, and whether someone closes the door first when power wants to make money. Tokens built without relying on official stamps or celebrity endorsements—built by ordinary people stepping forward one step at a time—are the ones with the most confidence. 🐶 Let’s take a look at Old Ma’s little dog ✨🚀
Governor Newsom signed it decisively, specifically targeting the issuance of self-made tokens by public officials, and even directly said that this trend is the opposite of Trump’s. The meaning is clear: power, or issuing tokens—pick one.
On the other side, the developments are even more interesting. With a $292 million hole, KelpDAO didn’t waste words and immediately sued LayerZero and its CEO—rsETH is Kelp’s ETH, plus a restaked token. The funds were bridged, then someone walked them off; this is the largest bridge theft case in 2026. The key question is one: is a bridge just a pipeline that relays messages, or does it also bear security responsibility? Whatever way the ruling goes, the word “responsibility” in DeFi being written into a lawsuit for the first time is worth more than a hundred analyst reports.
Even the way the money votes has been pretty straightforward. On AAVE, tokenized stocks from Apple and Nvidia can already be used as collateral to borrow USDC—real profits and real assets step in first. Meanwhile, the XRP Ledger’s Batch upgrade is delayed until October 9 due to validator support for reset. One is already in place to backstop, the other has to wait; the funds are moving to new positions. Remember to come back on October 9 for the answer on XRP.
I’ve always said: whether an industry is mature or not, don’t look at how high it boasts. Look at whether the books are clear after things go wrong, and whether someone closes the door first when power wants to make money. Tokens built without relying on official stamps or celebrity endorsements—built by ordinary people stepping forward one step at a time—are the ones with the most confidence. 🐶 Let’s take a look at Old Ma’s little dog ✨🚀
