Crypto's access layer expanded this week. Coinbase brought 1:1 tokenized US equities to Base, Grayscale listed the first direct Zcash ETF, Revolut tested euro-denominated stablecoin money, and Schwab prepared to add SOL, AVAX and LINK to its brokerage platform.

The common thread is distribution. TradFi wrappers are opening crypto to familiar accounts, while crypto-native platforms still reward users who understand the rails: Pump.fun reinjected $30M through BOOST in 30 days, with 16%+ of original PUMP supply reportedly removed through buybacks and burns.

In this episode:

• Pump.fun's $30M BOOST reinjection, $45M August revenue track and PUMP buyback flywheel

• Coinbase ...