Morpho raises $175 million
Morpho, a decentralized lending protocol, announced this morning it has raised $175 million from Paradigm, Ribbit Capital, and a16z crypto, valuing the startup at ~$2 billion. Morpho, one of the best examples of merging of traditional finance and blockchain-based services, lets users create custom lending markets in a decentralized way. The company already counts Coinbase, Kraken, and Galaxy Digital as users. Read more →
Tokenized stocks triple to $5.5 billion in six months
Tokenized stocks, the fourth-largest RWA category by market cap, have grown from $2.23 billion to $5.5 billion since the start of the year, a roughly 147% jump in six months. Crypto exchanges have begun embedding stock products directly into their platforms as shown by recent announcements from Kraken, Bybit, and Coinbase. With SpaceX, Anthropic, and OpenAi all coming online this year this sector is only poised to grow even larger as retail investors can easier and earlier gain IPO access. Read more →
A $100M peptide shadow market, powered by crypto
A gray market for weight-loss and appearance-enhancing peptides has quietly grown into a $100 million-plus annual business, with crypto serving as payment rails. According to a new Chainalysis investigation, viral “looksmaxxing” content helped pull the trade out of niche biohacker circles and into the mainstream, while independent product testing sharply declined. The wildest finding? Some Chinese suppliers now selling peptides directly to consumers appear to have previously supplied fentanyl and amphetamine precursors to drug networks. Same factories, same crypto infrastructure, very different customer base. Read more →
📥️ Want to advertise in CoinSnacks? Learn More