893,829 total agentic transactions in 2026. 46,755 active AI agents. 165,598 unique addresses. Base L2 has quietly become the most active chain for autonomous agent infrastructure — and five protocols are driving nearly all of it.

Solana Research Institute (SRI) is an independent, not-for-profit research forum dedicated to bridging financial institutions and public blockchain infrastructure, with a focused lens on Solana.

Backed by founding members, the SRI will publish research, host closed-door sessions, and run working groups on the legal, structural, and technical questions that will determine how TradFi actually moves on-chain.

This is the biggest M&A deal in crypto infrastructure history. Equiniti is a leading global transfer agent serving nearly 3,000 issuer clients, 15,000 corporate clients, 20 million shareholders, and processing $500B in annual payments.

The combination creates the first fully integrated blockchain-enabled, blue-chip issuer services provider — unifying a regulated transfer agent with end-to-end tokenization infrastructure.

The $4.2 billion transaction comprises $1.85 billion of assumed Equiniti debt and approximately $2.35 billion in Bullish stock consideration, priced at $38.48 per share based on Bullish's 30-day VWAP as of May 4, 2026.

Among the top performers are Bitway, a capital gateway connecting on-chain liquidity with global markets, RockawayX, a risk curator on Morpho and other DeFi lending protocols, and KPK, an asset manager for DAOs, institutions and capital allocators.

Haun expanding into AI agents and financial infrastructure, betting that the next generation of autonomous software will need financial plumbing before it needs better models.

💰 The fund structure:

→ $500M early-stage | $500M later-stage

→ Focus: crypto infra, RWAs, AI agent financial rails

→ Deployment timeline: 2–3 years, globally

Haun's previously scored wins with Bridge's $1.1 billion Stripe exit and BVNK's $1.8 billion acquisition by Mastercard.

By stepping back in as the largest validator and primary driving force, Telegram is consolidating institutional control over a network it once publicly stepped away from.

TON Foundation was established as an independent non-profit body to steward TON's development after Telegram distanced itself from the project in 2020 following the SEC settlement.

TON is now, structurally, Telegram's blockchain. The Foundation that was created to provide institutional distance has been sidelined.

DTCC, the main clearing and custody infrastructure behind U.S. capital markets, will begin live tokenized securities trading in July, with a broader rollout planned for October. The platform will support digital issuance of assets already held in custody, including major equities, ETFs, and U.S. Treasuries.

Unlike synthetic exposure, these tokenized securities keep the same ownership rights and legal protections as traditional assets. The launch follows SEC no-action relief granted in December, allowing DTCC to move forward with tokenization for a defined set of securities.

DTCC processes trillions of trades daily and holds custody of more than $114T in securities, making this one of the most significant institutional tokenization moves so far. The platform is being developed with input from over 50 firms, including BlackRock, Goldman Sachs, JPMorgan, Circle, and Anchorage

👉 x.com/The_DTCC/status/2051278748796776680?s=20

April closed as the strongest month of 2026, with approximately $1.97B in net inflows across crypto treasury strategies and ETFs.

Weekly flows (April 27 – May 4):

• BTC ETFs: +$162M

• ETH ETFs: -$82.5M

Latest treasury moves:

• BitMine Immersion Technologies acquired 101,745 ETH (~$237M)

• Strategy paused purchases this week after sustained accumulation

• Strive Asset Management renewed BTC accumulation, adding 444 BTC (~$33.9M)

XYZ has launched Pre-IPO Perpetuals (IPOP), a new type of perpetual contract designed for private companies preparing for a public listing.

How it works:

- Trades based on expected share price, not market cap

- Uses internal pricing before public listing

- Converts into a standard equity perpetual after IPO

IPOPs are cash-settled contracts, not tokenized equity, and do not provide shares, IPO allocations, dividends, or ownership rights. They allow users to trade exposure to a company’s expected public valuation before listing.

The first live IPOP market is Cerebras, one of the largest AI infrastructure companies preparing for a public listing.

👉 x.com/tradexyz/status/2050221965378761045

GameStop has made a $56B bid to acquire eBay, offering $125 per share in cash and stock, a roughly 20% premium to market price. Despite GameStop being significantly smaller than eBay, Ryan Cohen says the goal is to turn the platform into a real competitor to Amazon.

Key points:

- GameStop has built an approximately 5% economic stake in eBay

- Up to $20B in debt financing has been secured

- Cohen indicated he may take the proposal directly to shareholders if the board rejects it

- He intends to become CEO of the combined company

The strategy includes using GameStop’s 1,600 U.S. stores for authentication, fulfillment, and live commerce, while targeting $2B in annual cost savings within 12 months after closing. eBay shares rose more than 13% following the announcement.

👉 x.com/business/status/2051080621183713451?s=20