Stripe's $7B OpenRouter acquisition signals AI value shifting to distribution. Memory prices up 500% cap competition. Position for orchestration and settlement winners; avoid pure-play inference providers.
Capital is shifting from technology to regulatory arbitrage. From Hyperliquid's US shelter to ICE's tokenization bet, the winners will treat compliance as a moat, not a cost.
Tokenized-equity infrastructure is quietly maturing on traditional rails, signaling structural value beyond bitcoin treasury plays. ICE, LSE, and CIMB moves point to a compounding shift.
Convex Finance remains the quiet yield layer at the heart of Curve, with revenue climbing 72% in 30 days. A small dilution gap and battle-tested contracts make it a satellite position worth watching.
Definitive's EDGE token shows real revenue growth through a downturn, but a 26.56 diluted P/S and undisclosed unlocks demand patience. A small experimental position at best.
