Defiant Daily

Is ENS Drama the New Nail in the Coffin for DAOs?
Plus, the Ethereum Foundation cuts 20% of staff and 40% of budget in a sweeping reorganization.

Ethereum's Coordination Layer: EF Plan Lands, Ethlabs Spins Out
Plus, ENS DAO weighs a foundation handover and Ethereum's most active sandwich bot loses $7.5M.

Fable's Shutdown Hands Crypto Its Case for Decentralized AI
Plus, Backpack's SPCX crosses 10K holders and Strategy's STRC hits a record low.

Coinbase Goes Full-Stack Broker With AI Advisor and Options
Plus, Kalshi eyes broader assets after $5.5B regulated-perps launch.

Uniswap's Biggest Day Ever: UNI Up 22% on $621M Volume
Plus, Coinbase teases 1:1-backed tokenized US stocks.

Kraken and Coinbase Bring Perps Onshore as BTC Tops $67K Intraday
Plus, Standard Chartered sets a $100 UNI 2030 target.

SpaceX Trades, xStocks Fails to Deliver
Plus, Japan's lower house votes to regulate crypto like stocks.

SpaceX Goes Public With a Live Crypto Tokenized Stack
Plus, Solana launches Frontier Traders and Binance flips on bStocks.

Mastercard Opens Its Rails to AI Agents
Plus, DOJ subpoenas JPMorgan, BofA and Wells Fargo over debanking.

Morpho Raises $175M as Janus Henderson Goes Deep on Ethena
Plus, OKX adds Mag 7 X-Perps and Citrini calls Hyperliquid compelling.