Are crowds beating analysts?

This week, prediction markets won a billion-dollar stamp of approval.

At the same time, the world's biggest cloud provider is wiring stablecoins into its AI infrastructure.

And BlackRock is quietly telling advisors that the 60/40 portfolio needs a rethink.

Here's what we think matters most.

Wall Street just bet $1B that prediction markets are the real deal

Kalshi just closed a $1B round at a $22B valuation.

Coatue led the raise, with Sequoia, a16z, Paradigm, and Morgan Stanley piling in.

Institutional participation has surged, turning event contracts into a legitimate hedging tool.

When this many heavyweight investors agree on something, the rest of finance tends to follow.

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Markets

Saylor says hold, BlackRock says diversify, markets say not today

Michael Saylor posted six words after hinting Strategy might sell some Bitcoin for dividends.

"Buy more Bitcoin than you sell" was the reassurance. Markets weren't fully convinced.

Meanwhile, BlackRock told advisors the classic 60/40 portfolio is losing its edge since 2020.

The firm named Bitcoin and gold as credible diversifiers in the current regime.

BTC slipped below $81K, ETH drifted near $2,300, and SOL settled around $89.

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AWS integrates Coinbase's x402 protocol to let AI agents pay in USDC

Amazon Bedrock AgentCore now supports crypto micropayments through Coinbase's x402 protocol.

Developers can build AI agents that discover services and pay for them autonomously in USDC.

When AWS bakes stablecoin rails into its cloud, crypto stops being niche infrastructure.

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On Our Radar

Crypto bros go analog: A beginner's guide to hoarding actual silver bars.*

Tokenized takeover: Bitwise is absorbing Superstate's $267M stablecoin fund into its ecosystem.

The underdog moment: Tether's medical AI is beating Google's in benchmarks.

_*sponsored

ICYMI

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