— Agility Roboticsnamed Michael Beeras its chief financial officer. Current CFO and chief operating officer Jennifer Hunter will transition to serving exclusively as COO.
“Michael brings outstanding public company finance and capital markets experience, while Jennifer, with her prior experience as a publicly traded COO, will focus exclusively on scaling our operational excellence and manufacturing capabilities,” said CEO Peggy Johnson, in a statement.
The Salem, Ore.-based startup, whose two-legged Digit robots have been tested inside Amazon warehouses, is set to become the first publicly traded U.S. company dedicated solely to humanoid robots, the company announced last month.
Beer joins Agility Robotics from the California energy storage company Energy Vault, where he was CFO for two years. Past roles include venture partner at Vest Coast Capital and CFO at FreeWire Technologies.
Matt Fisher. (Efekta Education Photo)
— Seattle-area tech veteran Matt Fisher has taken the role of CTO for London-based Efekta Education. The company is developing an agentic teaching and learning platform.
“I’ve spent my career building technologies that help people learn, connect and achieve more. What attracted me to Efekta is its clear vision for using AI to enhance learning, support teachers and make high-quality education accessible to more people around the world,” Fisher said.
Last August, Fisher joined immersive media startup Adventr as a late-stage co-founder. Prior to that, he was co-founder and CTO at Daydream, a startup that raised a $50 million seed round last year to shake up the way people find and buy clothing online. Other past roles include leadership at Amazon, Microsoft, Nordstrom and Auth0.
— There is another name to add to the raft of departures from Microsoft‘s security leadership.
Rahul Prakash. (LinkedIn Photo)
Rahul Prakash, head of product for Microsoft Security Copilot, shared that he’s leaving his role after nearly a decade with the company.
“As any Identity professional will tell you, the world of [Identity Access Management] is far more intricate than people realize, and it’s being rewritten for the world of AI agents. At Microsoft, I’ve had the privilege of going deep into this space…” Prakash said on LinkedIn.
On Monday, GeekWire reported that Rudra “Rudy” Mitra, who spent more than 27 years at Microsoft, was joining Amazon Web Services as vice president of security services. Other recent departures include Krishna Kumar Parthasarathy, who resigned at after nearly three decades.
Nancy Lipson. (LinkedIn Photo)
— Nancy Lipson has joined Zap Energy as chief legal officer. The Everett, Wash.-based company is in pursuit of fusion energy, and recently expanded its scope to include next generation nuclear fission.
Lipson was previously executive vice president and CLO for the gold mining giant Newmont Corporation, departing after 18 years in 2023.
“Nancy’s deep expertise in areas of corporate strategy, governance, compliance, and sustainability will be key assets as Zap pursues its integrated approach to advanced nuclear,” Zap posted on LinkedIn.
Jyoti Shukla. (LinkedIn Photo)
— Jyoti Shukla was named chief product and technology officer at KEXP, a nonprofit radio station serving Seattle and the Bay Area. The station includes community and performance spaces, and features wide-ranging music genres.
“There is a lot of meaningful work ahead, and I’m excited to keep learning, building, and partnering with an amazing team as we shape what’s next,” Shukla said on LinkedIn.
Prior to taking the role, Shukla served on KEXP’s board of directors and was senior vice president of product design at SiriusXM. She has also worked in tech leadership roles at Nordstrom and Starbucks, and started her career at Microsoft.
— ZEV Co-op, a Washington-based nonprofit EV carshare cooperative, announced Ry Armstrong as its new executive director. Armstrong was previously at Sustainable Seattle, where they served as co-director.
— Tirzah VanDamme has joined Gagen MacDonald as senior director of AI and digital transformation. She brings more than 20 years of experience and was most recently at Microsoft.
— The Washington State Academy of Sciences (WSAS) announced the election four new board members. They are:
Amanda Boyd, executive director of Native American Programs and Professor in the Elson S. Floyd College of Medicine at Washington State Universit
Mary Czerwinski, former research manager at Microsoft Research
John Stein, former science and research director of NOAA Fisheries’ Northwest Fisheries Science Center
Judith Wasserheit, professor emerita of Global Health, Medicine, and Epidemiology at the University of Washington
WSAS also elected 30 new members, who will assist the organization in providing scientific and technical information to state policymakers.
They include 26 scientists and engineers elected by their WSAS peers and four members recently elected to the National Academies of Science, Engineering, or Medicine or awarded the Nobel Prize and who reside or work in Washington state.
The members include 11 UW professors and eight from WSU, five researchers from Pacific Northwest National Laboratory, three from Fred Hutch Cancer Center, and three at private companies, with some participants holding roles at multiple institutions.
How tokenized U.S. Treasuries, BlackRock, Ethereum, and institutional capital are turning Real-World Assets (RWAs) into the fastest-growing segment of digital finance.
The Real-World Assets (RWA) market has become the fastest-growing sector of digital finance. While much of the cryptocurrency market struggled through 2025 and early 2026, tokenized U.S. Treasuries, credit markets, commodities, and equities continued attracting billions of dollars from institutional investors. The question is no longer whether tokenization will reshape global finance — but how quickly it will happen.
Disclaimer: This content is for educational and informational purposes only and does not constitute financial, investment, or professional advice. We do not recommend any buying, selling, or holding of digital assets.
All views are the author’s own. Digital assets involve high risk and volatility, and readers should conduct their own research before making any decisions.
This report is not sponsored by any mentioned companies.
Business Model Analysis
The project operates in the RWA (Real World Assets) sector, focusing on the tokenization of real-world assets and the infrastructure for private credit and on-chain financing of real-world assets.
Value proposition: Centrifuge provides infrastructure that enables companies, credit funds, and institutions to tokenize real-world assets and raise capital through blockchain-based lending markets.
Moat (competitive advantage): The key strength lies in its infrastructure-first positioning in private credit tokenization, long-standing presence in DeFi, and deep integration with institutional partners and lending protocols. This creates high barriers to entry and makes Centrifuge less dependent on retail demand cycles.
Business rating: 8.8/10.
Financial Metrics
The project’s financial condition demonstrates strong scaling in core metrics:
TVL growth: Increased by more than 2.5x year-over-year, indicating expanding adoption of tokenized credit assets.
Revenue growth: Increased nearly 4x, which is a key indicator of real economic activity and protocol sustainability.
User and transaction activity: Declined, but this is not critical due to the B2B infrastructure nature of the protocol, where value is driven by capital volume rather than user count.
Financial rating: 8.6/10
Tokenomics
This is the most controversial aspect of the project.
Issue: The CFG token has weak connection to the protocol’s economic performance. There is no buyback or revenue-sharing mechanism, meaning protocol revenue does not directly translate into token value.
Distribution: Approximately 50% of the total supply is still not in circulation, creating ongoing unlock pressure. Inflation is relatively low (~3%), which partially offsets dilution risk.
Tokenomics rating: 6.4/10
Valuation
The current market valuation of Centrifuge appears moderate relative to the scale of its business and the assets flowing through its ecosystem. Market capitalization is significantly lower than TVL, which may indicate a relatively conservative market pricing compared to other competitors in the RWA sector.
However, the key question is not whether the token looks cheap today, but whether it is capable of capturing future economic growth of the underlying business. Due to the lack of a clear value capture mechanism, estimating the intrinsic value of CFG remains difficult. As a result, even a potentially undervalued asset can stay undervalued for a prolonged period without a strong fundamental catalyst.
If the protocol continues to grow revenues and the token gains a stronger economic role within the ecosystem, the current valuation could become attractive. For now, however, the market is appropriately applying a discount due to uncertainty in tokenomics.
Valuation Score: 7.8/10
Final Review
What is positive (✅):
Real business with a proven operating model.
One of the pioneers in private credit and RWA tokenization.
Strong growth in TVL, treasury, and revenue.
Strong institutional partnerships.
Large long-term potential of the asset tokenization market.
Main concerns (🔴):
Absence of revenue-sharing or buyback mechanisms.
Weak link between business success and token value.
Difficulty in determining CFG intrinsic value.
Increasing competition in the RWA sector.
Dependence on broader adoption of real-world asset tokenization.
Answers to key questions:
Would I own the business outright?
Yes. The business solves a real problem, operates in a large market, and has a proven infrastructure model with high entry barriers.
Would I buy the token under current economics?
Rather no. The token is not sufficiently involved in capturing the business’s economic value, so the investment case is more expectation-driven than fundamentally anchored.
What would need to change for an A+ rating?
Implementation of value-capture mechanisms (such as buybacks or revenue sharing), continued sustainable revenue growth, increased share of institutional clients, and completion of major token unlock phases.
$100K crypto investors are exploring Delta Exchange for smarter trading.
Managing a Six-Figure Crypto Portfolio Requires a Professional Approach
A $100K crypto portfolio is not managed the same way as a small investment. When the amount at stake increases, traders need more than basic exchange features. They look for platforms that can help them analyze markets, manage risks, and execute trades with greater confidence.
Experienced investors know that crypto markets can change within minutes. Having access to fast execution, reliable liquidity, advanced trading tools, and strong security features can make a major difference when managing large positions.
This is why professional traders are exploring platforms like Delta Exchange, which focus on advanced derivatives trading and provide tools designed for strategic decision-making. The growing demand for such platforms is also creating opportunities for businesses to develop similar solutions using a Delta Exchange Clone Script and build a trading environment that matches the needs of serious crypto investors.
What Do Serious Traders Need From a Crypto Trading Platform?
When you are managing a larger crypto portfolio, a basic trading experience may not provide the level of control you need. As your investment grows, having the right tools becomes important to track market movements, manage risks, and make confident trading decisions. Professional traders usually look beyond simple buy and sell options. They prefer platforms that offer features such as futures and options trading, faster trade execution, real-time market analysis, portfolio management tools, flexible margin options, and strong liquidity.
These features help investors build better strategies instead of making emotional decisions during market fluctuations. For anyone managing significant capital, choosing a reliable trading platform can play a key role in creating a more organized and disciplined trading approach.
Why Are Professional Traders Paying Attention to Delta Exchange?
When you are managing a large crypto portfolio, choosing the right trading platform can directly impact your trading experience. Professional traders look for platforms that provide more than basic buying and selling options. They need advanced tools that help them explore market opportunities while maintaining better control over their investments.
Delta Exchange attracts experienced traders because of its focus on crypto derivatives trading. Features like futures contracts, options trading, perpetual contracts, leverage options, and advanced charting tools allow traders to build different strategies based on market conditions. For investors handling significant capital, having access to multiple trading options can help create a more balanced approach instead of depending on a single trading method.
How Do Smart Investors Protect Their Crypto Capital?
Growing your portfolio is important, but protecting your existing funds is equally essential. Experienced traders understand that market opportunities come with risks, especially when managing $100K or more.
Successful investors often focus on risk management strategies such as portfolio diversification, position control, and hedging. A reliable trading platform supports these strategies with features like stop-loss options, margin tracking, automated risk controls, and real-time market updates. These tools help traders stay prepared during sudden market movements and make decisions based on strategy rather than emotions.
What Makes the Technology Behind a Trading Platform Important?
When you trade crypto, the interface is only one part of the experience. Behind every successful transaction, advanced systems work together to deliver speed, accuracy, and security.
A professional platform needs technologies like matching engines, trading engines, secure wallets, liquidity management, and API integration. These features help traders execute orders smoothly and manage assets confidently while helping businesses build a reliable exchange that attracts serious users.
Why Are Businesses Considering Delta Exchange Clone Script Solutions?
Building a crypto exchange is a big decision, and starting everything from zero can take a lot of time, effort, and technical planning. If you want to enter the market faster, a Delta Exchange Clone Script can help you begin with the essential trading features already in place.
Instead of worrying about building every component from scratch, you can focus on what matters most, creating a better trading experience, building your brand, attracting users, and growing your platform in a competitive crypto market.
Which Features Do Serious Traders Expect From a Crypto Exchange?
Key feature serious traders expect from a crypto exchange
For investors managing larger portfolios, platform reliability and functionality matter. They expect an exchange that can support advanced trading activities while keeping their assets secure.
Important features include:
Multiple trading options
Real-time market data
Advanced order management
Secure crypto wallets
Liquidity integration
Trading API support
Mobile-friendly access
Two-factor authentication
Admin controls
Transaction monitoring
When these features come together, traders get a better environment to manage their digital assets with confidence and efficiency.
Is Crypto Trading With $100K the Right Move?
A $100,000 investment can provide opportunities in the crypto market, but success depends on planning, knowledge, and responsible decision-making. Professional investors usually avoid impulsive trading. Instead, they analyze market trends, evaluate risk factors, and follow structured investment strategies.
The exchange platform they choose also plays a role in their overall experience. A reliable platform provides the necessary tools to make informed decisions and manage trading activities effectively.
For entrepreneurs, understanding these investor expectations is equally important when developing a crypto exchange business.
The Next Step for Professional Crypto Trading
The way people trade crypto is changing. Investors with larger portfolios are no longer looking for basic platforms; they want secure, flexible, and technology-driven trading experiences that help them manage their strategies better.
Platforms like Delta Exchange show how advanced features and professional tools can support serious traders in the derivatives market. For businesses entering the crypto space, building a platform with the right features is essential. A Delta Exchange Clone Script can help create a customized trading solution designed around the needs of modern investors.
The future belongs to platforms that focus on security, performance, and user experience. By understanding what serious traders expect, businesses can build solutions that attract and retain valuable users.
If the third season of 'Alice in Borderland' still has you upset at the audacity of it all, you should read Viz Media's epilogue manga as a palate cleanser.
As access to Anthropic’s and OpenAI’s frontier models becomes more restricted, Chinese labs are pitching their open-source alternatives as stable, accessible, and increasingly capable.
The Flight Dynamics Research Facility, located at NASA’s Langley Research Center in Hampton, Virginia, is the agency’s first major wind tunnel built in more than 40 years.
NASA/Mark Knopp
Media are invited to NASA’s Langley Research Center in Hampton, Virginia, on Friday, July 31, to attend a media tour and ribbon-cutting ceremony for the Flight Dynamics Research Facility, the agency’s first new wind tunnel in more than 40 years.
The event will include a brief media availability with:
NASA Administrator Jared Isaacman
Dr. Trina Dyal, center director, NASA Langley
Administrator Edward C. Forst, U.S. General Services Administration
This event is in person only and open to members of the media who are United States citizens or lawful permanent residents. Information about timing will be shared closer to the event. NASA’s media accreditation policy is available online.
Media requesting to participate in person must RSVP no later than 5 p.m. EDT on Wednesday, July 29. Media RSVPs must be sent to Kimiko Booker, kimiko.s.booker@nasa.gov, and Brittny McGraw, brittny.v.mcgraw@nasa.gov, with the following information:
Legal first and last names (must match government identification)
Email
Phone number
Job title and organization
The wind tunnel opening marks a major milestone in the evolution of NASA and the nation’s aeronautics and space research capabilities. The state-of-the-art facility will support research and technology development that will advance NASA’s aeronautics, exploration, and science goals, including establishing a sustained human presence on the lunar surface through the Artemis program and the development of a Moon Base.
Learn more about the Flight Dynamics Research Facility at:
Following its liftoff from Cape Canaveral on July 21 aboard a SpaceX Falcon 9 rocket, the Mission Robotic Vehicle (MRV) hosting the NASA-supported Robotic Servicing of Geosynchronous Satellites (RSGS) payload is now en route to geosynchronous Earth orbit, where it will use its advanced robotics to service spacecraft.
RSGS leverages in-space robotics expertise from NASA, aligned with the agency’s broader goals to advance U.S. capabilities for in-space servicing, assembly, and manufacturing that can be applied to space commerce and exploration.
Northrop Grumman’s Mission Robotic Vehicle hosting the NASA-supported Robotic Servicing of Geosynchronous Satellites (RSGS) payload launched aboard a SpaceX Falcon 9 rocket on July 21. The RSGS program is funded by the Defense Advanced Research Projects Agency (DARPA) and uses twin robotic arms developed by the U.S. Naval Research Laboratory.
SpaceX
Funded by the Defense Advanced Research Projects Agency (DARPA), the RSGS program uses twin dexterous robotic arms designed and developed by the U.S. Naval Research Laboratory. DARPA provided the robotic arm assembly for integration onto Northrop Grumman’s MRV, the nation’s first multi-mission robotic in-space servicer. The spacecraft will inspect and upgrade satellites in orbit by installing small propulsion modules – called mission extension pods – extending the operational life of existing spacecraft for years.
RSGS brings together government agencies and industry to test advanced robotic systems in space. NASA’s Goddard Space Flight Center in Greenbelt, Maryland, began supporting the RSGS mission in 2024 under an interagency agreement with DARPA.
NASA’s contributions to the mission leverage its legacy of servicing missions including the Hubble Space Telescope servicing missions and the Robotic Refueling Missions on the International Space Station. NASA support to RSGS program includes the development of dynamic simulation and analysis tools, software analysis for performance verification, and a team of flight robot operators who will support highly technical procedures in orbit. Hundreds of satellites are in geosynchronous orbit. Of those, fully functional satellites are often decommissioned early because they run out of fuel or their equipment becomes obsolete. RSGS establishes a critical U.S. capability to extend the lifetime of spacecraft in orbit, allowing for more innovative and cost-effective mission designs.
By Colleen Wouters NASA’s Goddard Space Flight Center, Greenbelt, Md.
Hyundai Motor Company’s plan to put humanoid robots to work by 2028 is not part of current negotiations with striking South Korean autoworkers, according to the company.
The automaker is disputing news reports that partial labor strikes by the Hyundai Motor union at the world’s largest automotive plant in South Korea were spurred by concerns about the company's planned deployment of humanoid robots in the United States starting in 2028. A company statement shared with Ars describes the union’s demands as focusing on compensation-related issues such as wage increases, bonuses, and an extension of workers’ retirement age.
“Potential deployment of robots in Korean production facilities is not part of the current labor-management discussions,” according to the Hyundai statement. “Hyundai Motor Company remains committed to constructive engagement with the union and to reaching an agreement that supports the long-term interests of both employees and the company.”
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