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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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Newsletters   -   Mar 02, 2025 Sunday Review 02/03/2025
Sunday Review 02/03/2025

Happy Spring, Observers! It is all about perspective: while the prices of cryptocurrencies went downhill during the past week, on the regulatory front, the last couple of days were great. In the United States, the Court of Appeals dismissed the claims of a class action lawsuit against Uniswap that accused

Eva Senzaj Pauram
Month in Money   -   Mar 01, 2025 Month in Money 03/2025

Circle hires bank for IPO, plans to file in late April. DeFi protocol SIRDottrading hacked, losing $350K amid ongoing security risks. MARA Holdings plans $2B stock offering to expand Bitcoin holdings despite share declines. FTX to start repaying major creditors on May 30 with $11,4B in cash reserves. California

Observers
Adoption   -   Feb 27, 2025 How Your Crypto Can Feed Starving Columbian Children
How Your Crypto Can Feed Starving Columbian Children

Humanitarian aid through blockchain is growing. Now that the world's largest aid organization has come under scrutiny, it is more important than ever. Can technology provide a better distribution of the funds?

Eva Senzaj Pauram
Stablecoins   -   Feb 26, 2025 Tether Continues to Expand and Diversify Beyond Stablecoin Business
Tether

From football and agribusiness to cloud infrastructure, AI, and global blockchain education, Tether continues its aggressive diversification, expanding its portfolio and strengthening ties with governments worldwide.

Rebecca Denton
Ethereum   -   Feb 26, 2025 Aya Miyaguchi Transitions to President of Ethereum Foundation
Aya Miyaguchi Transitions to President of Ethereum Foundation

Aya assumed a newly created role at the Ethereum Foundation. The move, announced this week, comes amid a broader leadership shake-up. In her previous role as Executive Director, she oversaw the Foundation's resources, the allocation of which faced criticism and scrutiny.

Rebecca Denton
Litigation   -   Feb 26, 2025 Someone Tell SBF—Donald Trump Only Pardons Winners
Sam Bankman-Fried

Sam Bankman-Fried is trying hard to get a get-out-of-jail card from Donald Trump. Unfortunately for him, the president of the United States doesn't like losers

Eva Senzaj Pauram
L2   -   Feb 26, 2025 Celestia Down 80% from Its ATH: Is It Doomed to Become Irrelevant?
Celestia blockchain

Although the project offers cost benefits in the DA space, major L2s do not plan to abandon Ethereum for Celestia.

Alexander Mardar
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