@MSBIntel

Industry leading commentary on markets, macro, and emerging tech. Email us: [email protected]

Joined August 2021
BREAKING: DTCC launches its tokenization service, opening $30 trillion in assets and debuting 25 securities across the Canton and Besu networks. @CantonNetwork
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Render Network users paid $532,927 for GPU jobs in the 30 days to October 22, more than Akash's $209,714 in leases and Filecoin's $83,920 in fees combined. Over the past year, Render's $2,211,310 tops both. @rendernetwork
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Cardano holders have more than 21.49B ADA staked, 58.39% of all ADA in circulation, against 36.12% of all ETH staked on Ethereum. Staked ADA stays in holders' wallets, with no lockup. @Cardano
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Polkadot's Nakamoto coefficient is 180: it would take 180 of its 600 validators acting together to disrupt the network. Bitcoin's is 3, Ethereum's is 5 and Solana's is 18. @Polkadot
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Bittensor's Targon subnet made a record $589,163.32 in GPU cloud revenue from October 1 to 22, already above its best full month, August's $566,901.58. That is more than $26,780 a day, with nine days of October left. @opentensor
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The Internet Computer's 443,341 governance neurons now lock 242,975,410.78 ICP, 43.53% of all ICP in circulation. That is more than 548 ICP locked per neuron. @dfinity
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ArbitrumDAO's offchain vote passed a plan to add 100 million ARB to grow Paxos's USDG, a $3.05B stablecoin, on Arbitrum. More than 810 ARB voted for every 1 against. The onchain vote is targeted for October 29 to November 12. @arbitrum
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AFME, the voice of Europe's leading banks, ranks Ondo's USDY second among tokenized US Treasury products at $2.28B, behind only Circle's USYC. Its October report counts $14.94B in tokenized US Treasuries, up 64% this year. @Ondo
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Stripe, whose businesses handled $1.9 trillion in payment volume in 2025, incubated the payments blockchain Tempo, and Morpho is now its largest app with more than 60% of all value locked. Morpho's deposits on Tempo hit a record $66.01M, up 71.08% in 30 days. @Morpho
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Malaysia's and Thailand's central banks joined BLOOM, Singapore's program for cross-border settlement in stablecoins and tokenized deposits. Visa, Mastercard and Ripple are among 8 new members, taking the industry roster to 24 with J.P. Morgan. @MAS_sg @Ripple
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Jupiter Lend has $981.24M in active loans on Solana, more than Aave, the largest DeFi lender, has lent on any network except Ethereum. Aave's next-largest is Plasma at $756.40M. Compound V3 has $648.53M across all its networks. @JupiterExchange
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EtherFi's weETH is the second-largest asset on Aave's main Ethereum market, with $3.62B supplied, more than Tether's USDT at $2.88B and Circle's USDC at $2.38B. Aave is the largest DeFi lender, with $18.01B locked. @ether_fi
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Grayscale added Anchorage Digital, an OCC-chartered trust bank, as a second custodian for its Sui Staking ETF on September 29, citing the fund's growing size. Coinbase remains the ETF's primary custodian. @SuiNetwork
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J.P. Morgan Asset Management, with $4.8 trillion in AUM, brought its JLTXX tokenized money market fund to Solana. On October 23, $450.12M of the fund's $792.00M token supply sat on Solana, ahead of $341.88M on Ethereum. @JPMorganAM @solana
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Grayscale ranks Lighter's LIT second among top crypto finance tokens for tokenholder yield, at 7.9%. Its adjusted earnings yield, 14.1%, also ranks second. @Lighter_xyz
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It simply won't stop. TON's liquid staking hit a record 171,546,161 Gram on October 20, up 169.36% from a year earlier. It has set a new high in each of the past seven months. @ton_blockchain
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Binance, with 323 million users, started sharing a pool of 600,000 XRP among holders of Ripple's RLUSD stablecoin on October 23. The four-week campaign pays out in XRP every Friday until November 20. @XRP @Ripple
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PayPal, with 439M active accounts, saw PYUSD's supply on Stellar jump more than sevenfold on October 22 to 86,940,594.67. The 75,000,000 added that day is more than six times what had built up there since August 2025. @StellarOrg
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The UAE's digital government regulator is moving the document vault of UAEPASS, the national ID used by 12.5 million people, to a dedicated Avalanche L1. More than 350 government and private-sector entities rely on UAEPASS. @avax
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Fidelity, which manages $7.8 trillion, and U.S. Bank pledged tokenized money market fund collateral to each other on Hedera in a 48-firm ISDA and GDF sandbox. Ownera, which powered it, expects first production trades in 2026. @hedera
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MUFG, with 楼433.91 trillion in assets, is in a group taking Japan's government bond repo onchain, with Canton Network tests targeted for November. Its 69 members include SMBC, Mizuho and BlackRock Japan, using tokenized deposits and stablecoins. @CantonNetwork
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