Weekly Newsletter

The clever part isn't the eight dollars of bitcoin that moved. It's that the transaction no quantum computer could forge was accepted by Bitcoin's rules exactly as they stand today.

A mandate to "support stablecoins" sounds like a welcome mat. Look at the terms already set.

Banks are building tokenised deposits (regular bank deposits put on a blockchain) specifically to avoid the trap of stablecoins draining the money that funds their loans. But the Dallas Fed just told them the new thing bites too.

Everyone's blaming fear. Kidnappings, custody thefts and failures. All real, all cited by BlackRock's own Robbie Mitchnick.

The trick that makes this work is legal drafting, not clever code. USDM1 calls itself a Marshall Islands sovereign bond, but look at the construction: every unit is backed one-to-one by short-term US Treasuries, the contract is written…

Strip out the language and look at what actually made Hyperliquid Strategies' reported $305 million profit: about $710 million in paper gains on HYPE tokens it hasn't sold, per its own filing. Actual business income — staking rewards plus…

The upgrade nobody outside crypto will notice is the one that matters most.

The 402-page rulebook is last week's proposal, now published in full — and it grabs the headlines. But the quieter move matters more: the SEC has sent Washington a plan to spell out how investment advisers and funds hold crypto for their…

The scary part isn't the flaws. It's who found them — and how cheaply.

Grayscale's founder Barry Silbert says if you're going to gamble, "the best choice is to buy ZEC" — and the fund is reportedly putting its entire first-year management fee toward promoting the coin, with Silbert talking about $8,000 a coin.