Pertinent from me
Tokens can already directly accrue value to their holders, & always have been able to. See $BNB $LEO $HYPE $AERO $PUMP etc
Lawyers at a16z, Coinbase, etc have selectively misinterpreted securities law for years, & are directly responsible for why so many worthless tokens exist, & why so many crypto investors have given up after being duped into buying inflationary memecoins & L1s instead of demanding better tokenomics

pertinent from @a16zcrypto
getting closer to tokens that can directly accrue value to their holders
almost there (need market structure bill to pass)

Mike Dudas

Twitter

Japan’s shift toward a higher interest-rate environment is beginning to influence global risk markets, placing Bitcoin in a weakened position as investors brace for the end of three decades of ultra-l...

Japan's expected rate hike, tightened yen funding to pressure leveraged BTC positions

Bitcoin (BTC) is retesting a crucial support area after its price slid 5% from the recent highs and fell below the $90,000 barrier. Some analysts have suggested that the cryptocurrency’s structure rem...

Bitcoin Price Slides Below $90,000 – Is A Retest Of The November Lows Near?

[Legislative Regulation] Since May 2025, the United States and Hong Kong have been racing to advance stablecoin legislation, sparking a global surge in legislation related to stablecoins and crypto assets (also known as "cryptocurrencies" or "virtual currencies"). Numerous institutions and capital are flocking to issue stablecoins and invest in crypto assets, leading to heated debate about whether China should fully promote stablecoin legislation and the development of RMB stablecoins (including offshore ones). Furthermore, after the US legislation prohibiting the Federal Reserve from issuing a digital dollar, the question of whether China should continue to promote the digital RMB has become a hot topic of discussion.

For China, this involves the direction and path of national monetary development...