DeFi stablecoin lending now pays about the same as the Fed’s interest rate, except you’re taking smart contract risk to get it. DefiLlama’s rate across the biggest lending markets is 3.76% for lenders right now, while the Fed’s rate sits at 3.75 to 4%. It wasn’t always like this. In early and late 2024 lenders were earning over 12%, and both times it was during a bull run, traders were borrowing stablecoins to buy more crypto and paying up for it. So when lending rates are low like this, it usually means traders aren’t borrowing to buy, they’re sitting on their hands. And if you’re lending stablecoins at these rates, you’re carrying DeFi risk for a Treasury-style return, is that trade still worth it for you?

Gold is down over 6% in a month, but the supply of Tether Gold is up 17%. That growth didn’t come slowly, it came in three big blocks between Sep 26 and Oct 7, about 107,000 ounces in total, which looks more like a few large buyers than a crowd. Then gold broke under $4,000 last week, and XAUT holders barely moved, only about $100K was redeemed from a token worth around $3B. PAX Gold grew just 2% over the same month, so almost all of that new demand went to XAUT. So most of the buying happened before the drop, and when the drop came, nobody rushed for the exit. Would you add gold here, or wait for it to bounce first?

One Solidity contract, used by both Ethereum and Solana wallets. That is @RomeProtocol in one line. Right now, if you write in Solidity and want Solana users, you either rewrite your entire app or run two versions and split your money in two. With Rome, because it runs EVM natively inside Solana, you just deploy once: both types of wallets use the exact same pool of funds, and your contracts can plug straight into native Solana apps. What I like is how simple it makes things. Builders don’t have to pick a side anymore, you just build once and reach both crowds.

Claimed 12,720 base:0x5be75e3b0aff5d1a042a5363ae36acb1d6d755ea from the Axis Robotics campaign on @KaitoAI, worth about $4,200. I’m bullish on robotics, and that’s why I picked Axis out of all the campaigns on Kaito. I tried their browser simulator in August, kept posting what I learned, and finished rank 21 on the leaderboard. Getting paid to write about a sector I actually believe in is the best part. Thanks @axisrobotics and @KaitoAI.

Forced trades happen because people hate seeing their money do nothing. GRVT 2.0 is built to fix that by letting your trading cash earn yield until you actually see a setup worth taking. They started the rollout today by permanently burning 1.1M tokens bought on the open market (about 1% of circulating supply), with more rounds intended monthly at the Foundation's discretion. Next up is Grvt Earn targeting up to 11%, followed by trading straight from that balance.

Crypto spent years getting ready for quantum computers, but this year AI started finding the cracks first. May: A researcher using AI found a bug hidden in Zcash code for around four years that could have allowed unlimited fake ZEC. July: Anthropic’s AI found a flaw in HAWK, a quantum safe signature under review, and its own creators pulled it from NIST’s review. October: Justin Drake warned AI math might crack wallet signatures before quantum computers do, but Coinbase’s head of cryptography called that pure FUD. October: Vitalik said there is a good chance lattices, the math behind many quantum safe designs, take big hits from AI over the next two years. Then over the weekend, a16z made the case for building on lattices, and Starknet’s Eli Ben-Sasson pushed back, saying wait 3 to 5 years and let AI test them first. Vitalik’s take is that Ethereum shouldn’t pick a single winner at all. His proposal lets people use whatever signature they want and bundles them into one proof, so the network isn't trapped if AI exposes a crack in one scheme. Honestly, that feels like the right move. Nobody knows which math will survive, so why bet everything on just one?

A lot of people won’t let an AI manage real money until they’re sure it can’t do something reckless overnight. The real challenge with trading bots isn’t making them smart, it’s putting guardrails around them so they don’t blow up your account. Looking forward to this chat today at 11:00 AM UTC with @HouseofChimera and @michaelh_0g from @0G_Labs.

Interesting to see a platform that’s been running for years launch a token at a modest valuation. 1win has been operating since 2016, with $139M+ in onchain deposits over the last 30 days alone. Now the @1winToken public sale is officially live: • $0.03 per token ($30M valuation) • Sale tokens 100% unlocked at launch • 10% of revenue going to buybacks and burns • Oversubscription model, unused USDC refunded Check it out at 1wintoken.com (Excludes restricted countries)

Getting funded used to mean weeks of passing phases, now it can happen in one trading day. @hyrotrader_com just launched the Zero-Step Challenge, the fastest route to funding they offer. There’s no second phase, no five day wait and no consistency rule. Hit the 10% target, stay inside the risk limits, and you can be funded after as little as one trading day. It starts at $89, and with my code it comes down to $80. The limits are tighter than their other challenges, 3% daily drawdown and 5% max loss, so this one is built for traders who already trust their strategy and don’t want to wait around to prove it. Payouts come in USDT or USDC within 24 hours. If that’s you, here’s my link: hyrotrader.com/?coupon=JEFFE…

More tokenized SK Hynix changed hands in a single day than actually exists onchain. Only $28.2M of SK Hynix exists as tokens, yet $30.6M traded in 24 hours as the same tokens moved back and forth. The heavy turnover came as the stock dropped 9% on the day (and 21% on the week) after China’s CXMT showed progress on server memory chips. Comparing trading volume directly to tokenized supply is a simple way to see market activity: - High volume-to-supply means tokens are actively turning over - Low volume-to-supply means they mostly sit idle During this selloff, the turnover stood out across the big chip names: - SK Hynix: traded over 100% of its tokenized size - Nvidia: traded about two thirds - Micron: traded over half You can check these numbers side by side for any sector on @coingecko: coingecko.com/en/stocks/sect…

This makes more sense when you look at the study @axisrobotics shared last week. They added all 1,200 of their simulation runs to a real robot’s training, and success only got to 26%. When they picked the right 600 instead, it jumped to 86%. So it’s not more data that helps a robot, it’s the right data. To me, that’s what the Challenger program is about. The badges go to people who keep delivering quality work, and they come with harder tasks and boosted rewards. If you’re farming Axis, check your portfolio for the badge, and focus on doing tasks well, not just doing more of them.

Waiting days for a payout is easily one of the worst parts of trading. Good to see @hyrotrader_com put real numbers behind theirs: $8.9M+ paid out to traders, with over 98% sent in under 24 hours. They also list their Solana payouts with direct transaction IDs, so anyone can check Solscan to verify the money actually moved. Code JEFFERY gets you 10% off: hyrotrader.com/?coupon=JEFFE…

A token’s price can move on an idea, but its supply only changes on a schedule, and this week two tokens show both sides of that. On October 15, they each have a supply event, and they go in opposite directions. - $STRK STRK is up over 200% in the last 30 days, with the biggest jump this past week as @Starknet said it’s “actively considering” leaving Ethereum to become its own layer 1. That’s still just an idea for now. Starknet itself called it “a question, not a decision,” with no formal proposal or vote yet, and the price has already pulled back about 30% from its high. The network’s fees haven’t moved with it. They were about $231K over the last 30 days, roughly the same as the month before, which means STRK is still valued at over 200x its yearly fees. And there’s a scheduled token unlock on October 15, so new supply is still coming in. - $FIL On the same day, the six year vesting for Protocol Labs and the Filecoin Foundation ends. New FIL coming into the market drops from about 242K a day to about 60K, roughly 75% less, with only block rewards for storage providers left. FIL’s supply grew about 19% over the past year, so this is a real change. It doesn’t mean supply shrinks, it just grows a lot slower from here. FIL is actually down about 6% this week even with the date coming up, a reminder that slower supply growth plays out over months, not overnight. So one token’s price is running on an idea while new supply keeps coming, and the other is cutting most of its new supply.

On October 13, the A7 system (built by Bank PSB) is presenting A7 International. It lets foreign trade counterparties pay invoices in USDT, with the money landing on the other end as a regular SWIFT transfer in the required currency at a flat 0.3% fee. The service is mainly for companies in foreign trade, but private clients can use it too. Petr Fradkov and Ilan Shor will introduce it live on October 13 at 10:13 UTC. Stream: a7.biz/live

Look at how the $AXIS airdrop is split, it tells you where @axisrobotics is heading. Season 1, for work done before launch, gets 40M tokens. Season 2, for work after launch, gets 60M, and it’s focused on taking robots from simulation into the real world. That’s exactly what Axis just did with Lotus and Geely, where a robot trained in their simulation is now sorting car parts on a real production line. So the bigger rewards are going to the work the business needs next. That’s the part I like.

If you add up tokenized gold, stocks and ETFs, gold and other commodities made up 89% of it at the start of this year. Today it's 66%, and it's not because gold is doing badly. Tether's gold token actually grew by about half this year, it's just that stocks grew a lot faster. xStocks is now more than four times the size it was in January, Ondo is almost three times bigger, and Binance's bStocks only showed up in June and is already sitting at $791M. Altogether the market went from about $5.3B to $9.4B this year, and more than half of that growth came from stocks. So gold is still the biggest piece, but stocks are what's pushing this market now. You can see the shift for yourself on @Coingecko's RWA Charts, just switch to the issuer view: coingecko.com/en/charts/rwa

Didn't expect a prop firm terminal to feel this much like a normal exchange. Before this, trading a challenge on @hyrotrader_com meant linking an exchange like Bybit or BloFin with API keys first. Those options are still there, but the new Hyro Terminal sets up instantly, so I picked that for my free trial and was on a TradingView chart right away. It supports 700+ pairs with leverage up to 100x, though I'm keeping it at 3x for this run. If you end up taking a challenge, code JEFFERY gets you 10% off: hyrotrader.com/?coupon=JEFFE…