Andre Cronje has stepped down from the Sonic Labs board. Along with him, Michael Kong and David Richardson also left. Three people leaving on the same day, and the $S token dropped 5 points that day. Honestly, I didn’t expect Cronje to step down again. Yearn was his creation, Keep3r was his creation, Solidly too. Among the group that took DeFi from 0 to 1, he was the most persistent. Stepped down, came back, then stepped down again. Sonic Labs says it’s seeking a strategic direction adjustment—translation: internal disagreements. On the same day, the Philippines SEC announced it’s ready to accept RWA tokenization. Charles Schwab is launching an S&P 500 prediction market. Over here, the old guard of DeFi is stepping back, while traditional finance is stepping in. $BTC is holding steady at 63k, but the crypto space is seeing a shift in its foundation.