Enterprise buyers are abandoning all-in commitments to premium AI models, mixing OpenAI and Anthropic with cheaper open-weight and Chinese alternatives to cut inference costs by as much as 87%. The enterprise AI cost optimization trend is reshaping competitive dynamics and threatening the IPO narratives of the sector's most valuable private companies.

For the first time in DeFi history, real-world assets — tokenized stocks, commodities, and indices — outpaced crypto perpetuals on Hyperliquid, the world's largest decentralized derivatives exchange. ARK Invest's research team says RWA trading on DeFi has reached a structural inflection point that rewrites the competitive map for the entire sector.

Fidelity’s support gives the crypto bill fresh institutional weight, but Democrats say the latest ethics language still leaves major loopholes around Trump-linked digital-asset ventures. The...