Raye Hadi

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@rhadiARK

Onchain things @ARKInvest | Disclosure: arkinv.st/terms

Joined June 2025

285 Following 2.5K Followers 243 Posts

Latest posts 5

Raye Hadi @rhadiARK Oct 21

Another edition of The DeFi Quarterly is out. After a rough first half of 2026, onchain activity turned in Q3. tokenized equities led the way, with stablecoins, DEXs, lending, and app revenue all recovering alongside.

Here are a couple of my top picks from 3Q 2026🧵:

ARK Invest @ARKInvest Oct 21

One asset class went from ~1% to ~9% of spot decentralized exchange (DEX) volume in a quarter, lifting stablecoin addresses and app revenue along the way. The Market Spotlight in The DeFi Quarterly Q3 2026: tokenized equities.

Also in the report by @rhadiARK & @LorenzoARK:
▪️Stablecoins, RWAs, Tokenization
▪️Network And Application Economics
▪️Decentralized Exchanges
▪️Lending Protocols
▪️Market Pulse
ark-invest.com/crypto-reports…
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Raye Hadi @rhadiARK Sep 22

Listened to this episode during my morning workout today and love the theory of Satoshi being a time traveler at min 37:44

Pair it w this Hosseeb post from back in June: x.com/hosseeb/status…

Obv just a fun theory, but in a world without BTC, if ai ever became advanced enough to solve time travel and for whatever reason wanted to accelerate its timeline to existence then this makes perfect sense. Even masterminding the decoy narrative of BTC as a solution to money when in reality it was just to get humans to start building number crunchers sooner would be genius

The Chopping Block Verified account @_choppingblock Sep 17

CLARITY is dead. Hunter Biden made financial performance art. Balancer shuts down with grace. AI may or may not kill us all.

Just another week!

Timestamps
00:00 Intro
00:43 CLARITY day
03:36 Silver linings
05:26 Was it close? Or did everybody loose?
12:23 Why adoption protects crypto better than a bill
15:00 Was DC trading on the CLARITY odds?
18:37 The one thing they would go back & undo
20:48 Hunter Biden's LAPTOP token collapses
23:50 Celeb coins never work
26:17 Robinhood engineers indicted over Hyperliquid front-running
31:35 Balancer winds down & the exchange shakeout
35:11 AI arbitration & ideas ahead of their time
37:44 Satoshi is a time traveler
39:14 The AI pause: pacing the frontier
42:57 China calls it a conspiracy
44:40 What do you buy if the doomers are right
45:50 Does an AI pause actually cut CapEx?
50:32 Futile without the Chinese labs
54:05 Harden society instead of slowing the models
56:47 Which doom vectors are real

🔥Stay updated with all the latest hot takes by following and subscribing to @_ChoppingBlock and @unchained_pod!

🎥 YouTube: youtu.be/Bgm4r_fQ5yo
🎧 Spotify: bit.ly/3wiIOyy
🍎 Apple: bit.ly/3w9HQ7J
🎙 Podcast Home: choppingblock.xyz

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Raye Hadi @rhadiARK Sep 22

Crypto just had a milestone week in terms of regulation. While Clarity didn't pass, the SEC and CFTC are acting within their power to ensure this industry has a clear framework to accelerate in the US.

Full coverage below:

ARK Invest @ARKInvest Sep 21

@CathieDWood teases an upcoming Letter on today's rate hike in 200+ years of context, @rhadiARK covers the SEC's and CFTC's new rules after the Clarity Act's failure, and @downingARK highlights AI leaders at odds over safety, all in this week's newsletter. x.com/i/article/2102…
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Raye Hadi @rhadiARK Sep 17

Top 10 takeaways from SEC innovation exemption:

1. The main thing the IE does is define the requirements for a venue to host tokenized equity trading onchain. Refers to these venues as TSVs (tokenized securities venues) and exempts them from the "exchange" definition so they avoid being classified as a 'trading center, ATS, or market center'.

2. The second biggest thing the IE does is define which types of tokenized equities are allowed. The IE only covers native issuer tokenized equities or third party custodied ones that carry full ownership through (dividends + full voting rights). Not synthetics.

3. Neither Coinbase nor Robinhood's tokenized equities meet the standard today, but Coinbase is much closer. Robinhood is going to need to restructure the entire ownership wrapper model, Coinbase mainly needs to pass through voting.

4. Does not apply to the full defi stack. It prohibits financing and hypothecation, so lending/leverage/looping aren't allowed in the current framework.

5. Requires TSV smart contracts to live on "public, permissionless blockchains". Base and Robinhood Chain are likely eligible (the single sequencer raises some questions, but I believe its dependent on open read/write access). Discretion seems to be left to SEC staff, arguably bullish Ethereum and Solana.

6. Exempts TSVs from RegNMS, huge. RegNMS would've required defi venues to adhere to requirements they mechanically cannot support (best bid, trade through,..). This exemption is what allows tokenized equity trading to exist onchain.

7. Exempts LPs from dealer registration. LPs are protected as "covered firms" and therefore can market make and seed pools without needing to register.

8. TSVs must be US users, permission participants, coordinate halts with the SEC and consent to exams, and can only host secondary trading.

9. Per name tiered volume caps. The onchain volume of stocks in tier 1 can trade at or below 0.25% of prior month offchain average daily volume (ADV), stocks in tier 2 at 2.5% offchain ADV.

10. This exemption sunsets after 5yrs; not meant to be permanent. Designed to be supplanted by more durable SEC rulemaking/legislation.

Andy Verified account @andyyy Sep 17

BREAKING: SEC APPROVES TEMPORARY, CONDITIONAL EXEMPTION TO ALLOW LIMITED TRADING OF TOKENIZED STOCKS ONCHAIN.

RUMOR MILL NAILED IT.

Source: SEC

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Raye Hadi @rhadiARK Sep 16

USDC has been critical to crypto's evolution. As more payments activity converges around liquid, regulated stablecoins, USDC is well positioned to remain dominant.

@arc is the next logical step for @circle to attempt to convert USDC's asset level dominance into network level dominance.

The launch of products like CPN, StableFX, Circle Gateway, and CCTP has been an important step toward bringing stablecoins to real payments verticals: FX, cross-border, agentic commerce, and interoperability.

Arc is the economic OS that links these products together, powering institutional-grade value movement in real time as more financial activity inevitably moves towards stablecoins.

We @ARKInvest are excited by the launch of Arc mainnet and will be following its growth closely.

Arc @arc Sep 16

Arc Mainnet is live.

Arc launches as the Economic OS for the internet: an open platform for global markets, real-time value movement, tokenized assets, and agentic economic activity.

Arc is more than a blockchain.

It launches as a full-stack financial platform with assets, applications, interoperability, developer infrastructure, and Circle platform services live from day one.

Arc delivers USDC as native gas, deterministic sub-second finality, EVM compatibility, and institutional validators.

It integrates with Arc Studio, App Kits, Arc Portal, Circle Agent Stack, CCTP, Gateway, CPN, and StableFX.

A complete economic platform at genesis.

Arc launches with infrastructure for:

→ Agentic economic workflows
→ Lending and borrowing
→ Trading and liquidity
→ Onchain FX
→ Payments and settlement
→ Tokenized assets
→ Exchanges, wallets, custody, compliance, data, and developer tooling

190+ institutional and ecosystem builders are building across Arc.

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