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Tokenization   -   Oct 09, 2026 Tokenization for Everything: Where Did We Actually Get?
Tokenization for Everything: Where Did We Actually Get?

Tokenization was supposed to disrupt global capital markets, but it ended in an unexpected compromise: permissionless rails carrying permissioned finance. A deep dive into SEC equity rules, European wholesale settlement, and why crypto’s plumbing is being absorbed to reinforce legacy finance.

Alex Harutunian
Oracles   -   Feb 28, 2026 Reputation Is Not Static. It Can Be Shorted On Ethos
Ethos reputations

Ethos turns credibility into an on-chain market. By blending XP-based participation, capital-backed vouching, and invite-bonded trust graphs, it attempts to price reputation itself. One year in, the experiment reveals both the promise—and the fragility—of financializing trust in crypto

Alex Harutunian
Blockchain   -   Feb 03, 2026 What Vitalik Buterin Wants To Change In Ethereum
Vitalik Buterin Ethereum improvement simplicity

Vitalik Buterin’s recent posts reflect a shift from idealistic decentralization toward pragmatic system design. Rather than rejecting Ethereum’s core principles, he questions where complexity, governance, and the current development path fail under real-world constraints.

Alex Harutunian
L1   -   Jan 14, 2026 Hyperliquid’s Vertical Evolution
Hyperliquid's vertically integrated ambition

Hyperliquid is evolving from a perp DEX into a vertically integrated financial stack. By launching its own L1, native stablecoin, and spot markets, it prioritizes market fit over ideology. Started on Arbitrum, its roadmap reveals a larger ambition: to become the global base layer for all trading.

Alex Harutunian
Layer1   -   Oct 16, 2025 Conflux: Blockchain Development Behind the Wall — and Beyond
Conflux: China’s State-Backed Bridge to the Blockchain World

While crypto remains banned, China’s state-backed blockchain ecosystem — led by Conflux — is expanding across Asia and into global finance. Conflux Network bridges China’s academic research, state strategy, and open blockchain innovation.

Alex Harutunian
Tokenization for Everything: Where Did We Actually Get?
Tokenization   -   Oct 09, 2026 Tokenization for Everything: Where Did We Actually Get?

Tokenization was supposed to disrupt global capital markets, but it ended in an unexpected compromise: permissionless rails carrying permissioned finance. A deep dive into SEC equity rules, European wholesale settlement, and why crypto’s plumbing is being absorbed to reinforce legacy finance.

Alex Harutunian
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Latest Articles View All
Newsletters   -   Aug 06, 2023 Sunday Review 06/08/2023
Observers Sunday Review 06.08.2023

This week, a Chinese zoo felt the need to assure the general public that its sun bears were not people in costume, after a video went viral showing Angela the sun bear standing on her hind legs and waving at visitors in a very human-like manner. Conspiracy theorists on

Jack Martin
NFT   -   Aug 06, 2023 Nifty Marketplace Shuts Down: Is the NFT Industry Collapsing or Maturing?
Nifty NFT platform shuts down

Nifty, the NFT marketplace that released some of the most pop culture collections so far, has shut down. Is this a sign of the collapse of the NFT industry or of it reaching maturity?

Eva Senzaj Pauram
Aug 05, 2023 Arkham Intelligence First Bounty Solved Uncovers Terra/Luna Hidden Holdings
Arkham Intelligencee 5200 BTC

Reserve account details connected with the Terra/Luna ecosystem were discovered in the first bounty earned on the recently released Intel-to-Earn Arkham blockchain platform.

Eva Senzaj Pauram
Adoption   -   Aug 05, 2023 Hong Kong Authorities License First Crypto Exchanges for Retail Trading
Hong Kong Authorities License First Crypto Exchanges for Retail Trading

Retail cryptocurrency traders in Hong Kong can now buy and sell to their heart’s content, as local exchanges, HashKey and OSL have both received uplifts to their licenses from the HK Securities and Futures Commission. Previously, crypto trading in the region was limited to professional investors.

Jack Martin
Stablecoins   -   Aug 05, 2023 Tether Stablecoin Consolidated Reserves Report - 2023-Q2
Tether USDT BDO CRR report

Tether published its quarterly reserve report. The company has built up reserves but added little to the overall transparency.

Alex Harutunian
Trading   -   Aug 04, 2023 Bitcoin Whales Lose Weight Despite Ongoing Accumulation
bitcoin whale

The amount of bitcoin held by whales (holders of 1,000 to 5,000 BTC), has dropped by 255,000 BTC since May 30.

Observers
Adoption   -   Aug 04, 2023 Fireblocks to Provide Crypto Infrastructure to Tel Aviv Stock Exchange
Fireblocks to Provide Crypto Infrastructure to Tel Aviv Stock Exchange

Israel’s only public stock exchange has signed a strategic agreement with Fireblocks, to enable institutional-grade digital asset solutions and services to be offered alongside the institution's traditional market products.

Jack Martin
Stablecoins   -   Aug 04, 2023 Tether Blacklists Account Preventing $20M Loss Through Hacking Scheme
Tether Blacklists Account Preventing $20M Loss Through Hacking Scheme

As Tether again stopped a scam in its tracks by blacklisting a hacker’s account, users are reminded about the powers they hand to centralized money issuers.

Eva Senzaj Pauram
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