Bitduke

the odds of the Clarity act being signed into law in 2026 are jumping again on polymarket, back to ~54% possible reasons 1. major county sheriffs of america (mcsa), one of the law-enforcement groups pushing back on Section 604, has shifted from opposition to neutral after

Happy 4th of July 🇺🇸🇺🇸🇺🇸!

more good thoughts on the main points from the latest Q2 Lighter investor call (especially from a $LIT holder’s perspective) and yeah, i agree here. a lot of people treated Robinhood x Lighter like a one-off wallet integration, but both sides keep saying it’s only the first step

the best part of this ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 move is the part most people are still stubbornly ignoring

more usable collateral? imagine tokenized stocks, ETFs, gold, BTC, ETH etc sitting in one margin system and being used across perps, options, yield generating things and other products with way less friction

personally, after Lighter’s Q2 call, it feels like Lighter is entering its next big phase now. the team is actually implementing what they talked about before, shipping it piece by piece so, some notes Q2 numbers were strong again, $131B volume, $7.2M revenue, ~$740M avg OI,

yep, one thing i like about Lighter is that both the team and the community actually try to educate people, which matters a lot when the tech is this complex (some of the advantages aren’t obvious at first glance, so this matters a lot). it’s almost the same level of transparency

good speed on that

> the clearest crossover with PMF between TradFi and crypto is perpetuals

 > tokenized stocks + Lighter DEX integrated the deepest, this would create the first opportunity to do a fully internal spot / perp basis trade for single name stocks (mega-bull case for Lighter)

right, and as i understand it, this is basically the first (major) step before much bigger future Lighter expansion

Claude Fable 5 is back (until Jul 7)

real milestone

also worth noting, Lighter is the ONLY perp DEX partner on that new Robinhood Chain partners list 🕯️

after a week of teasing, we finally got the world reveal. turns out it’s a prediction market, but on Solana so world is fully onchain, self-custodial, live inside phantom from day one, with chainlink handling oracle infra and solana doing the fast settlement part. it uses $CASH

Drift is trying to reinvent itself with a rebrand let’s see if it actually changes anything (sadly, it definitely won’t help return the money users lost in the hack, reminder that Drift still hasn’t published a clear plan to make users whole)

Say no more

$CRCL sold off on the Open USD news (and the monthly chart already looked like it needed a very good excuse to hold up) Visa, Stripe, Mastercard, BlackRock, Coinbase, Google, Shopify, banks, fintechs, crypto apps, basically half the payments stack (!) backing OUSD with OUSD,

imagine how good Strategy looks if potential selling is somehow bullish news

Lighter has an investor call on July 2, and this one feels worth paying attention to my guess is they have something lined up. could be a new partnership (w/ a bigger infra integration?), an options-related update, or some tech improvement around oracles / scaling / zk

Strategy 2.0 (but better?) is still getting established (BitMine holds over 5.7 million ETH rn)