VANKEDISIvankedisi Harga

On August 26, Uniswap founder Hayden Adams stated that with the advancement of the tokenization wave of real-world assets (RWA), automated market makers (AMM) are on a clear path to dominate global financial markets. Adams pointed out that traditional market makers monopolize high profits through vertical integration and pursue high-cost delta-neutral hedging, while blockchain decouples execution, custody, and settlement, significantly lowering the barriers to market making. In the on-chain ecosystem, liquidity naturally tends to 'correlated pairs,' requiring only a few high-liquidity 'bridge pairs' (such as SPY/USD, ETH/USDC) to connect to the dollar channel. Since market makers holding correlated assets bear lower inventory risks, passive AMMs can replace traditional high-cost market-making strategies at a very low capital cost.

On August 26, Uniswap founder Hayden Adams stated that with the advancement of the tokenization wave of real-world assets (RWA), automated market makers (AMM) are on a clear path to dominate global financial markets. Adams pointed out that traditional market makers monopolize high profits through vertical integration and pursue high-cost delta-neutral hedging, while blockchain decouples execution, custody, and settlement, significantly lowering the barriers to market making. In the on-chain ecosystem, liquidity naturally tends to 'correlated pairs,' requiring only a few high-liquidity 'bridge pairs' (such as SPY/USD, ETH/USDC) to connect to the dollar channel. Since market makers holding correlated assets bear lower inventory risks, passive AMMs can replace traditional high-cost market making strategies at a very low capital cost.

On August 26, Bloomberg reported that SoftBank Group is in talks with investment banks regarding a potential bond issuance plan ranging from $10 billion to $20 billion to raise funds for its investment in OpenAI. The bond issuance may be denominated in both dollars and euros, with the earliest launch possible in September, although negotiations are still ongoing and the specific size and terms may change. According to informed sources, part of the proceeds from the issuance will be used to repay a $40 billion bridge loan that SoftBank secured earlier this year for its investment in OpenAI. SoftBank plans to invest nearly $65 billion in OpenAI before October, with some of the funds coming from loans.