Jefferies Says Kelp DAO’s $293M Hack Could Slow TradFi Tokenization
Jefferies analyst Andrew Moss said the $293 million Kelp DAO exploit exposed cross-chain security risks and may cause traditional finance firms to reassess tokenization plans.

Jefferies analyst Andrew Moss said the $293 million Kelp DAO exploit exposed cross-chain security risks and may cause traditional finance firms to reassess tokenization plans.

The New York Times reports that Israel has been marginalized after US-Iran peace talks began, with Netanyahu going from a key driver to a bystander. Israel has now raised military alertness to the maximum, preparing for any escalation. The sidelining could threaten Netanyahu's 2026 reelection.

Today's crypto market gainers include ANSEM (+115%) driven by perpetual futures on Aster DEX, HMSTR (+65%) on DAO governance, PEPE (+14.5%) via ETH momentum, GRASS (+9.2%) ahead of July 7 call, and HYPE (+8%) on buyback mechanism.

Changpeng Zhao said future US political and regulatory outcomes are hard to predict, while crypto adoption keeps spreading across investors, public companies, and global blockchain networks.

Pepeto presale raised over $9.81M, CMC preview page is live, but Binance has not announced a listing. Team claims 'final stretch', price predictions of 5x-20x are models, and founder identity lacks on-chain proof.

Bitcoin has cut its 2026 losses to 6% after rebounding above $82,800. Analysts are also tracking TAO’s push toward $350 and ETH’s need to hold $2,300 and reclaim $2,400.

Kydo argues that crypto infrastructure builders are losing momentum as non-DeFi markets remain small, estimated at $200 million to $300 million annually. The article says many teams are moving to AI, while the more compelling opportunity may be to combine crypto’s capital formation mechanics with AI-native, fast-growing products through agent companies.

XRP Ledger daily payments surged from ~1M in mid-2025 to nearly 3M in early 2026. Evernorth to list on Nasdaq as XRPN, targeting over $1B raise with backing from Ripple, SBI, and others.
