🏴 The Hyperliquid AI Stock Stack

Q: Ondo expanded its bridge to move 35 tokenized stocks and ETFs onto HyperEVM via LayerZero, enabling

Ondo expanded its bridge to move 35 tokenized stocks and ETFs onto HyperEVM via LayerZero, enabling delta-neutral DeFi strategies on AI chip stocks for non-U.S. and U.S. users alike.

Q: Anthropic updated its stance against unauthorized pre-IPO share transfers, directly tanking onchain

Anthropic updated its stance against unauthorized pre-IPO share transfers, directly tanking onchain tokenized Anthropic share prices.

Q: JPMorgan is launching a second tokenized money market fund on Ethereum that holds GENIUS Act-complia

JPMorgan is launching a second tokenized money market fund on Ethereum that holds GENIUS Act-compliant reserves, distinct from stablecoins.

Bankless·Tuesday, May 12, 2026·5 min read

Crypto/Web3 Finance AI/ML

Share𝕏 in

AI Summary

Bankless covers Ondo's expansion of its bridge to move 35 tokenized stocks and ETFs onto HyperEVM via LayerZero, enabling DeFi strategies around AI chip stocks on Hyperliquid. Anthropic has updated warnings that it will not recognize unauthorized pre-IPO share transfers, tanking onchain pre-IPO share prices. The newsletter also explores whether the current AI stock boom mirrors the 1999 bubble and how Bitcoin is correlated with NASDAQ.

Key Facts

✓Ondo expanded its bridge to move 35 tokenized stocks and ETFs onto HyperEVM via LayerZero, enabling delta-neutral DeFi strategies on AI chip stocks for non-U.S. and U.S. users alike.

✓Anthropic updated its stance against unauthorized pre-IPO share transfers, directly tanking onchain tokenized Anthropic share prices.

✓JPMorgan is launching a second tokenized money market fund on Ethereum that holds GENIUS Act-compliant reserves, distinct from stablecoins.

Author Takes

SkepticalBankless

AI stock boom vs. 1999 bubble

The current AI stock rally may be the final frothy phase before a reset, drawing parallels to the 1999 dot-com bubble.

NeutralBankless

Bitcoin-NASDAQ correlation

Bitcoin is unusually tied to NASDAQ right now, making crypto highly sensitive to AI stock sentiment swings.

More from Bankless

🧑‍🚀 The NFT Recovery

The Bankless newsletter reports that NFT markets are experiencing a significant recovery in May 2026, with major collections like Bored Apes (+60%), A

May 12

🏴 Crypto's Top Villain

Bankless covers North Korea's increasingly sophisticated crypto hacking operations and questions DeFi's ability to protect itself. The newsletter also

May 11

🏴 Airdrop Hunting on MegaETH

Bankless highlights airdrop opportunities on MegaETH, a high-speed L2 capable of 100k+ TPS with millisecond latency, featuring five tokenless protocol

May 7

AI Summary

Key Facts

Author Takes

Related topics

More from Bankless