Криптомост потерял почти все 200 000 XRP за 97 минут
Понимание Ripple, XRP и XRPL (3:17) Злоумышленник вывел с кроссчейн-моста Coreum почти 200 000 XRP в течение короткого промежутка времени — за 97 минут 9 августа — используя уязвимость в том, как мост подтверждал депозиты, а не какую-либо слабость в самом XRP Ledger. Кроссчейн-мост соединяет две отдельные блокчейн-сети, позволяя пользователям перемещать активы между сетями, которые не могут напрямую взаимодействовать друг с другом. Мост Coreum позволял пользователям блокировать XRP в XRP Ledger и получать эквивалентное количество токенов в сети Coreum.
‘People are putting money behind the outcome’ — Polygon CEO on Polymarket (4:35) Italy's heat waves have put the country's "cheese banks" at risk, which store wheels as collateral to grant loans, Euro News reported on Aug. 11. Italy has the largest variety of cheeses of any nation in the world, with over 2,500 traditional varieties. The Mediterranean country's economy is also deeply tied to its cheese industry. Related: Major gold holder gives customers weeks before platform shutdown The country has a long tradition of "cheese banks," the climate-controlled vaults in the Emilia-Romagna region where enormous quantities of Parmigiano Reggiano cheese are kept as collateral for farm loans. Parmigiano Reggiano or Parmesan is a hard and granular cheese produced from cow's milk and aged at least 12 months. The variety is named after the Italian provinces of Parma and Reggio Emilia where it is produced. Parmigiano is the Italian adjective for the city and province of Parma and Reggiano is the adjective for the province of Reggio Emilia. The logo of Parmigiano Reggiano is pictured on a wheel of cheese at the Casearia Castelli, member of Lactalis Group, at the Caseificio Tricolore in Reggio Emilia, Northern Italy, on April 19, 2023. Getty Images Blockchain technology digitizes cheese loan process Credito Emiliano is an Italian bank well-known for storing wheels of Parmigiano Reggiano cheese as collateral for loans since 1953. Its subsidiary, Magazzini Generali delle Tagliate, matures the cheese in Reggio Emilia and Modena, holding more than half a million wheels worth well over €300 million. Cheese producers can secure 60%-80% of a wheel's value upfront when they collateralize it. The industry is also using blockchain technology to digitize the loan process, the Euro News report said. Blockchain technology is a decentralized digital ledger that stores data across a network of computers. Information is grouped into blocks and linked together in a chronological chain. Once recorded, the data cannot be changed without the network consensus, making it safe from tampering. Thanks to this technology, farmers can even pledge wheels onchain while the cheese stays in their own stores. However, "cheese banks," which store wheels in vaults as collateral, are still prevalent. Related: What is blockchain? Explained Italy's extreme heat puts 'cheese banks' at risk But the extreme heat in the region this summer is making it risky to keep the inventory at the right temperature, the report said. Daily power consumption at the cheese vaults rose roughly 30% at the peak of this summer, which forced the bank to upgrade cooling and other systems. As wheels sometimes mature for three years, every hot summer compounds the cost long before the cheese can be sold, as per the report. This year's summer is turning out to be one of the hottest in the country's recorded history. Here is how things get worse. As the temperature hits 40°C, cows rest more and eat less, due to which milk yields reduce by as much as 10%. "Extreme heat impacts milk's quality and quantity," said the Parmigiano Reggiano Consortium's president Nicola Bertinelli. Trending on TheStreet Roundtable: BlackRock reveals what Bitcoin investors feel right now Billionaire sues ex-employee over alleged theft Russia will let investors trade three major cryptocurrencies Polymarket traders bet on temperature Launched in 2020, Polymarket is the world’s largest prediction market. It is built on Polygon, the Ethereum-based layer-2 blockchain network. The prediction market lets traders predict events like future Bitcoin (BTC) prices, election results, temperature, etc., by paying with cryptocurrency. Users can deposit Circle's USDC stablecoin, a type of digital dollar, and trade shares that represent the likelihood of specific future outcomes. As Italy put all 27 of its major cities on the highest heat alert last week, Polymarket traders are betting on the highest temperature in Milan. Milan is not only Italy's economic capital, it is also a global fashion capital and an international tourist destination. Tourists flocking to the city seek famed Italian cheeses, and the delicacies are a major part of the food tours. As the tourist city, like other parts of the country, sees its temperature soaring, authorities have warned people to avoid direct sunlight between peak daytime hours, to stay indoors where possible, and to drink at least 1.5 liters of water a day. Tourists could also rethink their Milan plans due to the heatwave. Highest temperature in Milan on August 13, Source: Polymarket Amidst these conditions, Polymarket traders are betting on the highest temperature in Milan on Aug. 13. 41% of the Polymarket traders think the city's temperature will go as high as 35°C, 37% of them think 34°C, and 16% of them are betting it will be as high as 36°C. Less than 1% of the traders think Milan's temperature on Aug. 13 will reach 39°C or higher. As per the World Meteorological Organization, Milan's temperature stood at 34°C at the time of writing on Aug. 11. Milan, Italy temperature, WMO Weather-related markets face criticism However, such weather-related markets have also faced criticism. For instance, some U.S. senators recently urged a ban on wildfire-related bets in the wake of Oregon wildfires because they incentivize traders to commit arson or act mischievous to make sure their bets are successful. "When tragedy unfolds, people turn to the news for commentary and they come to Polymarket for information," A Polymarket spokesperson then told TheStreet Roundtable. "While we are not blind to the risks, removing these markets does not prevent a tragedy but makes the most accurate information less accessible to the people who need it most.” As reported earlier, a trader betting on Paris temperature in April was found to be manipulating a sensor device to ensure they win the related market. So, Polymarket trades are highly sensitive and aren't immune to unfair practices. Related: U.S. senators seek ban on wildfire betting
Предупреждение Илона Маска про ИИ и доллар начинает сбываться
Как Илон Маск стал важным для криптовалюты (2:59) В апреле Илон Маск сделал заявление, которое большинство людей отнесло к политике в области ИИ и дальше пошло по своим делам. Перечитав это в августе, когда биткоин торгуется рядом с $64 000, а ИИ устраняет рабочие места со скоростью 27 000 сокращений за квартал, понимаешь это иначе. «Если ИИ и роботы увеличат выпуск», — написал Маск в X, «тогда вам нужно раздавать деньги людям, иначе произойдёт масштабная дезинфляция». Его ключевой аргумент прост: автоматизация может так сильно нарастить производство, что цены рухнут, если покупательная способность не будет распределена, чтобы соответствовать новому объёму предложения.
Крупный держатель золота дает клиентам недели перед закрытием платформы
Внутри Tether: как работает эмитент USDT и почему ему задают вопросы (4:10) Tether предоставила последним пользователям своей платформы кредитования под залог золота всего несколько недель, чтобы вывести свои активы, прежде чем она будет закрыта окончательно. Компания наиболее известна USDT — крупнейшим в мире стейблкоином, цифровым токеном, предназначенным для торговли по фиксированной стоимости, в данном случае один доллар США. См. также: Популярный держатель золота сворачивает эксперимент с долларом Этот курс поддерживается крупным резервным портфелем. Согласно аттестации Tether за второй квартал 2026 года, проверенной аудиторской фирмой BDO, резервы составляли около 187,8 млрд долларов и были размещены в основном в казначейских векселях США и денежных эквивалентах (примерно 80%), наряду с примерно 18,8 млрд долларов в золоте, около 7 млрд долларов в Bitcoin и меньшим пулом обеспеченных кредитов и других инвестиций.
Майнер биткоинов закладывает 18 750 BTC на 600 млн долларов — вот что это значит
MoneyGram переводит деньги в крипто (3:32) MARA Holdings Inc. (ранее известная как Marathon Digital Holdings) только что совершила один из самых значительных корпоративных шагов по финансированию с использованием биткоинов в 2026 году. Публично торгуемый майнер привлёк 750 миллионов долларов в совокупности по кредитным линиям через два срочных кредита, которые закрылись 4 августа, согласно квартальному отчёту компании в SEC. Обеспечение полностью составили 18 750 BTC на сумму примерно 1,2 миллиарда долларов по текущим ценам. Однако лишь 600 миллионов долларов представляют собой новое заимствование. Coinbase Credit предоставила кредитную линию на 450 миллионов долларов, включающую 300 миллионов долларов в новом финансировании и рефинансирование действующей кредитной линии MARA на 150 миллионов долларов. Two Prime Lending отдельно предоставила полностью выбранный срочный кредит на 300 миллионов долларов.
Национальный банк Канады раскрывает holdings по XRP
Понимание Ripple, XRP и XRPL (3:17) Национальный банк Канады, шестой по величине коммерческий банк в Канаде, сообщил в форме 13F в Комиссию по ценным бумагам и биржам США (SEC), что имеет подверженность XRP через ETF в своем портфеле. Банк также владеет Bitcoin (BTC), Ethereum (ETH) и Solana (SOL) через ETF и долями популярных криптоакций в своем портфеле. См. также: Еще один крупный ETF раскрывает масштабную продажу XRP XRP При капитализации $63 млрд XRP является шестой по величине криптовалютой.
$190 000 Биткоин-награда на кону — и вору предлагают прийти за ней
Кибератаки по криптовалюте вывели $3,4 млрд всего за один год (3:33) BTCPay Server — бесплатное автономное программное обеспечение, которое используют многие продавцы, чтобы принимать биткоины, 7 августа сообщило, что критическая уязвимость активно эксплуатируется против работающих серверов — и что некоторые пользователи уже потеряли средства. Проект заявил, что уязвимость позволяла атакующему получить учетные данные LND admin macaroon из затронутых инстансов и получить доступ к подключенным кошелькам в Lightning Network. Проще говоря, эта уязвимость дала злоумышленникам ключи от узла Lightning за платежным сервером продавца, позволив им вывести деньги. Баг затрагивает все версии до 2.4.2, а среди подтвержденных жертв — производитель аппаратного кошелька Passport, Foundation и издание Citadel21: их узлы были сметены до того, как появилось публичное предупреждение. BTCPay не сообщал, сколько было похищено и сколько серверов пострадало.
KAST names Stripe veteran Connor Fitzgerald to lead its U.S. business
What is a stablecoin? Explained (3:33) KAST, a financial platform built on stablecoin technology, has appointed Connor Fitzgerald as its U.S. general manager, tapping a payments-industry veteran to drive its expansion in the world's largest financial market. KAST is a company that lets people and businesses send, receive, and convert money across borders using stablecoins, digital tokens pegged to a currency like the U.S. dollar, rather than traditional banking networks. Founded in July 2024 by former Circle executive Raagulan Pathy, it offers dollar-denominated accounts and payments across more than 170 countries. Related: Cantor Fitzgerald doubles down on crypto stock What Fitzgerald will take on In the new role, Fitzgerald will lead KAST's U.S. operations, scaling its core platform, launching a business-focused product called KAST Business, building a local team, and bringing new consumer and business offerings to the market. The company said it has grown to about 250 full-time employees across engineering, product, and compliance, reached more than one million users, and is processing roughly $5 billion in annualized transaction volume. "We're excited to have Connor as part of our exceptional KAST team to scale in the world's biggest financial market," said Pathy, KAST's founder and CEO, adding that Fitzgerald knows how to drive growth across fintech. Trending on TheStreet Roundtable: BlackRock reveals what Bitcoin investors feel right now Bad news for the economy just became great news for Bitcoin Cathie Wood has strong words about Cloudflare's earnings call A résumé built in payments and crypto Fitzgerald joins from Bridge, now part of Stripe, where he was head of partnerships for cards and helped build its global stablecoin card program from scratch, expanding it to more than 100 markets. Earlier, he led business development and product strategy at Coinstar and was an early employee at the fintech app Dave, helping scale it through its 2022 public listing. Fitzgerald said stablecoins require rebuilding finance "from first principles," and that KAST stood out for investing early in hard areas like licensing and compliance, real infrastructure, and greater ownership of the underlying rails. The hire follows KAST's $80 million Series A round, which the company said is funding expansion across North America, Latin America, and the Middle East. KAST also noted that global stablecoin volume hit a record $33 trillion in 2025, exceeding Visa and Mastercard combined, citing Bloomberg and Artemis Analytics.
Россия разрешит инвесторам торговать тремя крупнейшими криптовалютами
Как торговать крипто (4:26) На прошлой неделе президент России Владимир Путин подписал закон, который впервые вводит комплексное регулирование криптовалют в стране. После его кивка центральный банк страны предложил биржевую торговлю тремя криптовалютами, а именно Bitcoin (BTC), Ethereum (ETH) и стейблкоином Tether USDT. Далее: Путин делает редкий шаг, поскольку Россия заявляет новые финансовые цели по Украине Что означает последний закон для российских криптотрейдеров Закон, имеющий историческое значение, подписанный Путиным 4 августа, позволяет розничным (неквалифицированным) инвесторам покупать самые ликвидные криптовалюты с ограничением 300 000 рублей (3 700 долларов) в год на каждого посредника, но не устанавливал подобных ограничений для квалифицированных инвесторов.
Peter Thiel-backed company faces Q2 reality check before earnings
Missing Jobs data sends markets reeling (1:57) Bullish, the institutional-focused cryptocurrency exchange backed by billionaire investor Peter Thiel, heads into its second-quarter earnings report with Wall Street seeing significant upside despite a difficult quarter for crypto trading businesses. The company is scheduled to report results before the U.S. market opens on Aug. 13, exactly one year after its blockbuster stock-market debut. Wall Street analysts expect Bullish to report adjusted earnings of $0.09 per share and roughly $87.4 million in revenue, according to Yahoo Finance data. Revenue is projected to rise about 53% from a year earlier, though the consensus earnings estimate has slipped from $0.15 about three months ago. Related: MoneyGram brings cash-to-crypto service to Solana Analysts remain relatively optimistic FactSet data cited by The Wall Street Journal shows five analysts with "Buy" ratings and six at "Hold," with an average price target of $40.75, roughly 66% above the recent share price of about $24.60. Citi's Peter Christiansen reiterated a "Buy" on July 28, though he cut his target to $50 from $65. Clear Street's Owen Lau initiated coverage with a "Buy" and a $40 target on July 24, and Deutsche Bank's Brian Bedell holds the most bullish target among recent calls, maintaining a "Buy" on May 15 while trimming his to $61 from $63. Supporters point to Bullish's institutional client base, its fast-growing derivatives business, and an early push into tokenization and stablecoins. However, JPMorgan has stayed on the sidelines with a "Neutral" rating and cut its price target this year. For context, Bullish is a digital-asset exchange aimed largely at institutional traders, offering both spot and derivatives trading. It is led by CEO Tom Farley, a former president of the New York Stock Exchange, and is backed by Thiel's venture firm Founders Fund, BlackRock and Cathie Wood's ARK Investment Management also bought into its IPO. It also owns CoinDesk, the long-running crypto news publication. Bullish acquired CoinDesk in November 2023 from Digital Currency Group — which had put the publication up for sale after the bear market battered its parent — in an all-cash deal reported at around $75 million. CoinDesk continues to operate as an independent subsidiary. Bullish's Aug. 13, 2025 IPO was one of the year's hottest. It priced at $37 a share — above its expected range, then opened at $90, spiked as high as $118 (triggering a volatility halt), and closed its first day up more than 80% near $68. A year later, the stock sits around $24.60, well below both its IPO price and its debut close, as the crypto downturn cooled the frenzy around newly public digital-asset names. Trending on TheStreet Roundtable: Kevin O'Leary bets millions on rare sports cards over gold and crypto Top economist says Bitcoin has one flaw gold will never have Ondo's USDY crosses $2.1B market cap in 3 years A brutal quarter for crypto firms Bullish reports after a punishing stretch for the industry, as falling digital-asset prices squeezed both trading activity and balance sheets. The exchange handled $130.7 billion in total spot and derivatives volume in the quarter ended June 30, down 33% from the prior quarter. Coinbase reported a $359.5 million net loss for the second quarter as softer markets weighed on its business. And Strategy, the world's largest corporate Bitcoin holder, booked an $8.32 billion unrealized loss on its Bitcoin as prices fell, driving an $8.22 billion net loss for the quarter. Bullish itself entered Q2 on the back foot, having missed Wall Street expectations in the first quarter: its adjusted earnings of $0.13 per share came in below the $0.17 estimate. Bullish shares were trading around $24.47 at the time of writing, down roughly 0.5% on the day. Related: Analyst predicts 55% rally for surging stock on $9B Anthropic deal
Может ли биткоин действительно обвалиться до $20 000? Аналитик предупреждает о 2027 годе
Криптостартап продвигает беспроцентные кредиты, которые нельзя ликвидировать (6:25) Большинство аналитиков, которые сейчас освещают биткоин, говорят о дне и восстановлении. Алессио Растани рассуждает о том, что будет после отскока, и рисуемая им картина заметно мрачнее, чем общий консенсус. Опытный трейдер и аналитик рынка считает, что биткоин готов к краткосрочному и среднесрочному ралли в ближайшие три-шесть месяцев. Затем, по его мнению, начнутся трудности. Сначала отскок, затем реальное падение Фреймворк Растани разделяет то, что происходит сейчас, и то, что он ожидает в 2027 году.
Аналитик прогнозирует ралли на 55% для растущей акции на сделке с Anthropic на $9 млрд
Объяснение: Что такое майнинг биткоина? (6:23) Riot Platforms (Nasdaq: RIOT), компания по инфраструктуре данных, хорошо известная своими операциями по майнингу биткоина (BTC) и работами в области искусственного интеллекта (ИИ), 10 августа подписала 20-летний договор аренды с ведущей ИИ-лабораторией. Bloomberg идентифицировал эту ИИ-лабораторию как Anthropic. Riot объявила об аренде дата-центра с Anthropic на 191 МВт критически важной ИТ-мощности на своей площадке в Рокдейле. Компания ожидает, что сделка принесёт примерно 9,1 млрд долларов общей выручки по контракту за первоначальный 20-летний срок.
Solana становится «ончейн NASDAQ», говорит исполнительный директор Solana Foundation (2:25) MoneyGram запустила свою услугу крипто-on- и крипто-off-ramp на Solana, позволяя людям в сети обмениваться между цифровыми активами и наличными через глобальную сеть платежной компании. MoneyGram — это платежная компания с более чем 85-летним опытом, обслуживающая свыше 60 миллионов клиентов через почти полмиллиона розничных точек по всему миру. Ее продукт, MoneyGram Ramps, — это инструмент, который позволяет приложениям подключать пользователей к услугам cash-to-crypto и crypto-to-cash, где «рамп» — это мост между традиционными деньгами и цифровыми активами.
BlackRock раскрывает, что чувствуют инвесторы в Биткоин прямо сейчас
С BlackRock Bitcoin ETF «Взрослые уже здесь» (0:57) Глава BlackRock по цифровым активам Роберт Митчник появился для интервью на Bloomberg 10 августа, где поделился сильными высказываниями о настроениях, царящих среди инвесторов в Биткоин сейчас. BlackRock запустила iShares Bitcoin Trust (IBIT), свой спотовый биржевой фонд на Биткоин (ETF) в США, в январе 2024 года. С тех пор фонд сохраняет позицию крупнейшего Bitcoin ETF, несмотря на взлеты и падения. Согласно данным SoSoValue, IBIT владеет чистыми активами на сумму 48,51 млрд долларов по состоянию на 7 августа.
‘Crypto must earn trust’: Crystal Intelligence CEO on scams and security (5:25) Russell Wilson is the billionaire founder of CoinSpot, one of Australia’s largest cryptocurrency trading exchanges. Founded in 2013, CoinSpot reported a $270 million net profit in the 2025 financial year. On Aug. 10, a local media outlet reported that he has sued an ex-employee for allegedly stealing around $500,000 from the exchange. Related: Crypto investor found dead outside his apartment The court documents filed by CoinSpot’s parent company, Casey Block Services, claim that customer support team member Iresh Pawan Perera moved $478,932 out of the company into his personal bank account across 76 transactions in the two years to March. The lawsuit claims Perera converted CoinSpot’s digital currency for “his own use by exchanging it” into cash. His job was terminated immediately on March 9 because the alleged misappropriation of funds amounted to “material breaches” of his employment agreement. Perera is yet to file a defence. Trending on TheStreet Roundtable: Kevin O'Leary bets millions on rare sports cards over gold and crypto Top economist says Bitcoin has one flaw gold will never have Ondo's USDY crosses $2.1B market cap in 3 years Wilson’s company is seeking damages worth $478,932, in addition to interest. The case will resume in September. A CoinSpot spokeswoman told the publication that she could not reveal more details about the crypto exchange’s legal battle with its ex-employee while the matter is sub judice. “CoinSpot enforces robust safeguards to ensure operations and assets remain secure,” she said. “We take the security of our customers’ holdings extremely seriously and have not had customer funds impacted on our platform. CoinSpot has zero tolerance for fraud and will always work closely with law enforcement to protect our users." Related: Cathie Wood has strong words about Cloudflare's earnings call
Объем стейблкоинов в Solana вырос в 11 раз за три года
Президент Solana Policy Institute о правилах для стейблкоинов (3:13) Solana стала одним из самых загруженных «домов» для стейблкоинов: стоимость этих токенов в сети резко выросла за последние три года. Solana — это блокчейн, созданный для быстрых и недорогих транзакций, что делает его особенно подходящим для стейблкоинов — цифровых токенов, привязанных к валюте, например к доллару США, и используемых для перевода денег или торговли без колебаний, характерных для других криптовалют. Согласно данным аналитической компании Artemis, общий объем стейблкоинов в сети Solana вырос примерно с $1,5 млрд три года назад до примерно $16,7 млрд сегодня.
Billionaire reveals the exact number you need for true financial freedom
Book Review: Changpeng Zhao's 'Freedom of Money' (2:34) How much money does a person actually need? Changpeng Zhao, the crypto billionaire better known as CZ, has a number in mind, and it is a lot smaller than his own fortune. In a May 9 interview on the show Crypto Banter with host Ran Neuner, Zhao argued that wealth stops buying happiness far earlier than most people assume. "You don't need that much money to have a decent life," he said, "and also having luxury watches doesn't make you happy." Related: Mark Zuckerberg's grand AI vision hits a brutal reality check The number that counts as 'enough' Pressed on where "enough" begins, Zhao put a figure on it. "I think USD 10 million is enough for financial freedom if you live a normal life," he said. Above that, he argued, the benefits fade fast: a jump from $10 million to $20 million might still make a small difference, but "beyond 50 million? Zero difference." He set $100 million as the ceiling where money stops mattering entirely. "If you have 100 million dollars and you say, 'oh, I am not happy, 200 million dollars would make me happier,' that is just craziness," he said. Why chasing more backfires Zhao's larger point was that treating money as the source of happiness is a trap. "I don't think you should make it your goal to enjoy your money," he told Neuner, "and then you're working for the money. And then your money controls you." Trending on TheStreet Roundtable: Kevin O'Leary bets millions on rare sports cards over gold and crypto Top economist says Bitcoin has one flaw gold will never have Ondo's USDY crosses $2.1B market cap in 3 years The billionaire offered himself as proof. Asked what his wealth actually buys him that he enjoys, Zhao pointed to a collection of camera gadgets he rarely touches. "I use them once, I put them away, but it doesn't make me happy," he said, adding that once someone has enough, "you shouldn't rely on having more money to make you happy. That doesn't work." Changpeng Zhao, famously known as CZ, attends the 'CZ meets Italy' at Palazzo Brancaccio on May 10, 2022, in Rome, Italy. Antonio Masiello/Getty Images His personal style backs up the philosophy. Despite his fortune, Zhao is known for dressing simply, usually in Binance-branded hoodies and T-shirts rather than the luxury trappings his wealth could easily afford. What matters more, he said, is family and health. The advice is striking coming from its source. Zhao founded Binance in 2017 and built it into the world's largest cryptocurrency exchange, and Forbes pegs his real-time net worth at $109.7 billion as of August 10, the 17th-largest fortune in the world, and by his own math, more than 1,000 times what a person needs. Related: Elon Musk warns America will 1,000% go bankrupt and fail as a country
Плохие новости для экономики внезапно стали отличными новостями для Bitcoin
Отсутствующие данные по рабочим местам приводят рынки в шок (1:57) Отчет о занятости в США в пятницу обрушился как неожиданный сюрприз. Экономисты, опрошенные Bloomberg, прогнозировали создание 80 000 новых рабочих мест в июле. Фактический показатель оказался отрицательным — минус 23 000, то есть экономика сократила число рабочих мест, а не увеличила их. Согласно данным Бюро статистики труда США, уровень безработицы снизился до 4,1 процента, хотя это падение было обусловлено частично сокращением рабочей силы, а не более активным наймом. В течение нескольких минут после публикации Bitcoin прошел отметку $65 000 — уровень, который сопротивлялся ему на протяжении недель — и коснулся августовского максимума $65 300.
Mayflower touts 'value machine' to strip risk from crypto lending
Crypto Startup Pitches Interest-Free Loans That Can't Be Liquidated (6:25) Every loan in history has come with an interest rate, a due date, and someone who can take your collateral. "When you say credit or debt, it's a loaded term and people assume certain things," Colin Sinclair, chief business officer at Mayflower said to TheStreet Roundtable. "You're gonna have to repay somebody by this point in time. Until you repay them, there's gonna be interest payments. And if the value of your collateral goes down, they're gonna liquidate you so they don't lose money." None of that is malice, it's what lending between humans requires. His answer is to remove the human. The Assured Value Machine, or AVM, is what he calls "the core innovation of our whole stack." "It charges a one-time borrow fee. There's buy, sell and borrow fees, but there is no ongoing interest," he said. Related: Explained: What is a smart contract? A vending machine with a floor "Think of it like a vending machine," Sinclair said. "I put my dollars in, I get my token out." Every dollar that buys in stays inside the machine, creating a bonding curve that is itself the entire market for the token. "Now it has a full view of the supply. So using math, some calculus and code, it can establish a floor price. If everyone who just bought their tokens decided to turn and sell, the last one sold would still fetch that floor price," he said. Because the machine knows the minimum every token can be redeemed for, it can lend against that minimum with no fear of a shortfall. "There's no need for a liquidation engine. It doesn't even have one. This is trustless. You could leave and go to Mexico and spend your money on the beach, and your tokens are locked until you repay that debt. But if you don't repay that debt, everything else functions as normal," Sinclair said. "Think of it like a perpetual loan where no other holder of those tokens cares or relies on anyone else to be a good steward of that debt." It's worth being precise about what the borrower gives up. The loan is capped at the floor value, which sits below market price, and the tokens stay locked until repayment. In practice, "obligation-free credit" resembles a partial redemption with an option to buy back in. The obligation hasn't vanished so much as been prepaid in collateral. More news: U.S. senators seek ban on wildfire betting Ondo Perps hits $7 billion in volume weeks after launch Shark Tank's Kevin O'Leary reveals one asset that could outperform gold 'Tell that to the guy who bought Nakamoto' To explain what the AVM actually fixes, Sinclair pointed to one of crypto’s biggest trades in 2025: digital asset treasuries. More specifically, he pointed to Nakamoto ($NAKA), the Bitcoin treasury formed through a merger with KindlyMD. Nakamoto’s stock has fallen roughly 95% from its May 2025 peak, and its market cap sits at around 25-30% of the value of its Bitcoin holdings. Many would use this extraordinarily low multiple of net asset value (mNAV) to argue that NAKA was undervalued and a good investment. Sinclair doesn’t see any reason to think that. "There's zero actual connection between the NAV and what the shares are worth," Sinclair said. "Tell that to the guy who bought Nakamoto 40% below." The AVM, he argues, is what a treasury company would look like if the discount were impossible. "Think of it like an on-chain reserve, a digital asset treasury, where it cannot trade below the NAV. It can trade above it, and there's an area of volatility above this floor price. But that floor price is a hard stop. Math and code doesn't care what anyone thinks or says," he said. "If you think you could sell one of these AVM assets below the floor, that would be the equivalent of saying: watch this, I'm going to take my calculator and type in 4 plus 4 and it's not going to equal 8. Good luck with that.”
SpaceX (Nasdaq: SPCX) дебютировала на публичном рынке 12 июня 2026 года после размещения акций по цене $135 в рамках крупнейшего IPO в истории. Акции взлетели до $225.64 в ходе своей первой сессии, а затем закрылись на отметке $184. Менее чем через два месяца космическая компания Илона Маска представила свою первую квартальную отчетность как публичная. SpaceX сообщила о выручке за 2-й квартал в размере $7,81 млрд 4 августа — рост на 92% по сравнению с годом ранее — при этом ее чистый убыток сократился до $541 млн с примерно $1 млрд. Скорректированная EBITDA выросла на 191% до $3,5 млрд.