DeFiWarhol

Privacy in crypto keeps evolving constantly.
Quick rundown of what happened in crypto privacy over the last 7 days
↓
@iEx_ec: Opened the WTF hackathon for privacy-first apps built with Nox. Integrated dstack from Phala Network into Nox's Chain of Trust.
@Arcium: Processed over 2M encrypted computations.
@MidnightNtwrk: Launched several hackathons and builder programs to onboard privacy-first devs.
@nillion: Closed the Operator Guild submissions.
@PhalaNetwork: Launched their Foundation account on X.
@fhenix: Partnered with SedonaFi to bring CoFHE encrypted banking to Arbitrum (hidden balances,

Tbh there are a lot of very positive and bullish signals this week.
1️⃣ T. Rowe Price ($1.9 trillion asset manager) launched first actively managed multi-token crypto ETF
The name is TKNZ on NYSE Arca.
Initial allocations include 40.75% Bitcoin, 18.42% Ethereum, 11.01% BNB, 9.44% SOL, 9.37% XRP, and 6.45% HYPE, with a 0.75% management fee.
This could drive capital into diversified crypto exposure.
2️⃣ The DTCC ran a day-long pilot on July 15 with 25+ major institutions, including JPMorgan, Goldman Sachs, BlackRock, and Vanguard. It successfully tokenized equities, Treasuries, and ETFs on block

Last time we were below the rainbow chart in March 2023.
Back then, $BTC was at $16K.

I literally feel like it’s easier to breathe

Perp DEXs are the fastest-growing sector in Web3.
They accounted for less than 2% of total crypto perpetual volume in early 2023, but by 2026, that share climbed above 10%, according to @TheBlockCo.
I think one of the biggest reasons is the low barrier to entry.
Perp trading is nowhere near as complicated as options or other TradFi instruments. You deposit USDC or USDT, pick your leverage, choose long or short, and you're in. That's it.
There are also technical improvements like faster execution, cross-margin accounts, deeper liquidity, and better interfaces.
Which is cool and all, but I think

Got a new crypto card on my watchlist for testing, it's @JAM_Card_X.
TL;DR: It's a self-custodial all-in-one platform for storing, swapping, and spending your crypto seamlessly through Apple Pay & Google Pay.
Most interesting perks I've found:
- $500K daily transaction limit (far above average)
- Gasless USDT transfers
- Embedded multi-chain swaps
- Embedded P2P platform
Will test it out for a couple of weeks and report back.
It's fully live, so you can also download the app, get your JAM card, and start spending here:

stETH alone is bigger than all of wrapped Bitcoin.
LidoFinance's TVL is at ~$16.5B TVL, while WBTC (the biggest wrapped BTC product) sits at ~$7.3B.
One liquid staking token on Ethereum outweighs Bitcoin's entire wrapped-DeFi footprint, even though $BTC has a 6x bigger market cap than $ETH .
This means that BTC is underutilized in DeFi, and most of the supply is sitting idle.
Let me break down the reasons for this ↓
1/ The stETH precedent
Before liquid staking, ETH holders had a simple but annoying tradeoff.
Stake ETH and earn yield, or keep it liquid and use it across DeFi.
Once ETH was staked

July will be the first month crypto cards cross $1B in top-up volume.
Bookmark this.