PiggyBank closed its LAB hedge after extreme swings, with estimated NAV 
drawdowns of 15% for USDC, 12% for SPYx and 9% for JitoSOL accounts.

PiggyBank closed its LAB hedge after extreme swings, with estimated NAV drawdowns of 15% for USDC, 12% for SPYx and 9% for JitoSOL accounts.

PiggyBank’s LAB hedge backfires as USDC vault NAV drops 15%

Michael Saylor’s Strategy has seen JPMorgan turn cautious on digital assets, 
with the bank warning that the company may need to rebuild its $ reserves as 
annual dividend obligations reach about $1.7 billion. According to a Friday 
report from JPMorgan…

Michael Saylor’s Strategy has seen JPMorgan turn cautious on digital assets, with the bank warning that the company may need to rebuild its $ reserves as annual dividend obligations reach about $1.7 billion. According to a Friday report from JPMorgan…

JPMorgan sees Strategy reserve shortfall as key risk for Bitcoin investors

Longtime Cardano supporter and crypto commentator Dan Gambardello said ADA’s 
steep decline has exposed deeper frustrations inside the Cardano ecosystem, 
even as he maintained that the project’s underlying technology remains among 
the strongest in crypto. In a lengthy post on X, Gambardello framed the issue 
as bigger than price alone. He argued that Cardano’s more than 80% drop from 
2024 levels should be viewed in the context of a broader altcoin drawdown, not 
as proof that the network itself is failing. Still, he said the market 
weakness has intensified longstanding concerns over ecosystem support, 
leadership, public optics and Cardano’s relative isolation from the wider 
crypto market. “Let me just say…Cardano is down over 80% from 2024 along with 
so many altcoins. It’s not because Cardano is failing. It’s because altcoins 
are getting demolished,” Gambardello wrote. “So please try to separate price 
and everything I write here. To be clear: This is not me turning against the 
project.” Why Is The Cardano Price Crashing? Gambardello said he remains a 
supporter of Cardano and still believes ADA can participate if a broad altcoin 
bull market returns. His criticism, however, was aimed at what he described as 
years of missed opportunities. In his view, Cardano had the reputation, 
funding and top-10 market position needed to define its own narrative and 
strengthen its ecosystem, but failed to fully capitalize on that leverage. 
Related Reading: Cardano Crashes To 5-Year Lows As Hoskinson’s Warning Sparks 
Market Panic The post stood out because Gambardello has been one of Cardano’s 
most visible long-term advocates. He recalled pivoting from Litecoin into 
Cardano before the 2020-2021 bull market, a move he described as one of his 
best investments in crypto. At the time, he said, Cardano’s setup looked 
compelling as staking came online, the community expanded and the project 
presented itself as a serious answer to the blockchain trilemma of 
scalability, decentralization and security. That conviction has not 
disappeared. Gambardello called Cardano “a great project” with “some of the 
most strong fundamental tech in crypto,” adding that it is “not game over.” 
But he said his view has changed on certain ecosystem dynamics because 
expected progress did not materialize. “If I&#8217;m putting it simply, it’s been 
frustrating over the years to see things not transpire,” he wrote. “Things 
that would have helped the Cardano ecosystem so much. I don&#8217;t need to go into 
detail, but along with many of you, I’ve voiced my opinions on these things 
over and over.” Gambardello said Cardano has remained “very secluded” and has 
repeatedly gone through periods of “unnecessarily bad optics.” The most 
immediate trigger for his post was the recent announcement that TapTools, a 
widely used Cardano analytics and ecosystem platform, is shutting down. He 
described TapTools as “the center of Cardano” and said its closure was exactly 
the type of loss the network could least afford during a harsh bear market. 
His frustration was not simply that a project was closing. It was the response 
or, in his view, the lack of one. Gambardello said he would have expected a 
visible effort from leadership and the community to rally around a key 
ecosystem front end, even if that did not mean a direct bailout. “I’m not 
saying every great project deserves a ‘bailout’, but when Cardano’s frontend 
and basically its dashboard is about to close their doors, you brainstorm…and 
you do it with positivity,” he wrote. “Leading an L1, you round up the troops 
and community with clear resolve to make sure that the heart of this L1 does 
not need to close their doors, especially in the worst crypto bear market 
ever.” Related Reading: Cardano Price Could Be Heading To $0.10 — Crypto 
Founder Offers Insight Gambardello contrasted the TapTools situation with 
Cardano Foundation communications around other initiatives, including the 
Brazilian Olympics and Token2049-related activity. He said those efforts may 
be worthwhile in isolation, but looked misplaced while a central Cardano 
platform was preparing to shut down. “TapTools shutting down is the last thing 
Cardano needs right now, and it just seems like it was an ‘oh well’ moment,” 
he wrote. “Cardano needs to keep their best players in the game right now, and 
that’s not what has happened.” The broader issue, he added, is that negative 
developments often spiral into drama on X, compounding the reputational 
damage. Gambardello said the “constant drama” around Cardano has become 
exhausting, especially for people who have defended the project for years. 
That exhaustion helps explain why he has been diversifying his content, focus 
and portfolio for more than a year, he said. Gambardello rejected the idea 
that this shift amounted to betrayal, instead presenting it as a normal 
response to changing markets and evolving risk. At press time, ADA traded at 
$0.16. Featured image created with DALL.E, chart from TradingView.com

Longtime Cardano supporter and crypto commentator Dan Gambardello said ADA’s steep decline has exposed deeper frustrations inside the Cardano ecosystem, even as he maintained that the project’s underlying technology remains among the strongest in crypto. In a lengthy post on X, Gambardello framed the issue as bigger than price alone. He argued that Cardano’s more &#8230;

Cardano Price Crash Exposes ADA’s Deeper Problem, Says Longtime Bull

Anthropic&#8217;s AI workflow innovations could redefine productivity metrics and 
investment strategies in the AI tools market, emphasizing automation.
The post Boris Cherny of Anthropic discusses Claude Code&#8217;s flexible AI 
workflows appeared first on Crypto Briefing.

Anthropic&#8217;s AI workflow innovations could redefine productivity metrics and investment strategies in the AI tools market, emphasizing automation. The post Boris Cherny of Anthropic discusses Claude Code&#8217;s flexible AI workflows appeared first on Crypto Briefing.

Boris Cherny of Anthropic discusses Claude Code’s flexible AI workflows

This landmark debt deal underscores the strategic shift towards leveraging 
financial instruments to bolster AI infrastructure competitiveness.
The post Apollo and Blackstone finalize $35B debt deal to supercharge 
Anthropic&#8217;s AI infrastructure appeared first on Crypto Briefing.

This landmark debt deal underscores the strategic shift towards leveraging financial instruments to bolster AI infrastructure competitiveness. The post Apollo and Blackstone finalize $35B debt deal to supercharge Anthropic&#8217;s AI infrastructure appeared first on Crypto Briefing.

Apollo and Blackstone finalize $35B debt deal to supercharge Anthropic’s AI infrastructure

Knicks&#8217; teamwork shines as they outperform Spurs, despite criticism and high- 
pressure playoff challenges.
The post Brian Windhorst: Wembanyama&#8217;s critical decision-making costs the game, coaching strategies under fire, and the Knicks&#8217; teamwork shines over Spurs | Pardon My Take appeared first on Crypto Briefing.

Knicks&#8217; teamwork shines as they outperform Spurs, despite criticism and high- pressure playoff challenges. The post Brian Windhorst: Wembanyama&#8217;s critical decision-making costs the game, coaching strategies under fire, and the Knicks&#8217; teamwork shines over Spurs | Pardon My Take appeared first on Crypto Briefing.

Brian Windhorst: Wembanyama’s critical decision-making costs the game, coaching strategies under fire, and the Knicks’ teamwork shines over Spurs | Pardon My Take

PiggyBank’s LAB hedge backfires as USDC vault NAV drops 15%

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