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
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
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
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
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 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
After years of legal uncertainty, U.S. regulators have opened the door for on-chain shareholder records. From Galaxy and Securitize to DTC’s pilot, equity is moving into the blockchain mesh—reshaping settlement, trading, and the future architecture of capital markets.
NASHVILLE, Tenn. Nakamoto Inc. (NASDAQ: NAKA) (“Nakamoto” or the “Company”) today announced that it has entered into merger agreements to acquire BTC Inc, the leading provider of Bitcoin-related media and events, and UTXO Management GP, LLC (“UTXO”), an investment firm focused on private and public Bitcoin companies (collectively, the
The digital euro is increasingly framed as a tool of EU sovereignty. China’s interest-bearing e-CNY shows no banking disruption so far. Tokenization goes mainstream as the ECB validates DLT collateral and the U.S. SEC distinguishes issuer-backed from wrapper tokens.
Bermuda is integrating USDC stablecoin into its economy. In a dollar-pegged island state, stablecoins aren’t replacing money—they’re upgrading the rails. If it works, dozens of “Other Bermudas” could emerge as the next growth engine for stablecoins.
• Vitalik Buterin announces restructuring at the Ethereum Foundation. • Tether pushes USDT integration into Brazil's Pix instant payments network. • Ethereum MEV bot JaredFromSubway exploited.
01.01.2026 EU crypto tax transparency directive DAC8 takes effect, requiring crypto-asset service providers to report user data to national tax authorities. 01.01.2026 MiCA comes into force in Spain. 31.12.2025 Ethereum smart contract deployments hit a record high in Q4. 2026 OUTLOOK Haseeb Qureshi
Balancer Protocol was exploited through a tiny rounding bug in its code. As losses neared $100 million, projects froze pools, rolled back blockchains, and clawed back funds—revealing the centralized and still untamed side of decentralized finance
01.12.2025 Telegram’s Pavel Durov announces Cocoon, a decentralized confidential AI compute network. 01.12.2025 SushiSwap CEO steps down as Synthesis invests $3.3M in the struggling DEX. 01.12.2025 Grayscale to launch the first Chainlink ETF in the US. 01.12.2025 Germany and Switzerland
29.10.25 Ondo Finance launches Ondo Global Markets on BNB Chain. 29.10.25 Ethereum Foundation launches portal to guide institutional adoption. 29.10.25 Securitize goes public via SPAC merger with Cantor Fitzgerald’s CF Acquisition Corp VIII. 28.10.25 Trump Media & Technology Group to launch
On the first of November, the next meeting on the Celsius bankruptcy case took place. The key note of this meeting was a decree from a Federal judge to conduct an investigation, which would show whether Celsius worked under a Ponzi scheme. The request for an investigation was the result
Alex Harutunian
Synonym is a bitcoin open-source software company that is developing peer-to-peer protocols and applications for global Bitcoin adoption. It promotes “hyperbitcoinization” - a future state where Bitcoin is more widely used as a default value and payment system.
Sasha Markevich
Elon Musk becoming the CEO of Twitter has made a lot of noise in the media. Still, his net worth keeps taking a hit. As well as his other businesses. Elon Musk finalized the deal for purchasing Twitter for $44 billion on October 27, which made him the largest shareholder
Observers
We present the timeline of events surrounding Alameda's $14.6 billion assets and the mysteries behind their ties with FTX and how Binance stepped into the game.
Alex HarutunianAt the end of October, Bloomberg, citing its sources, published an article stating that a new investigative team is taking over looking into the alleged fraud of the Tether leadership. Tether's reaction followed very quickly. In a message on the official website, the company accused Bloomberg of lying
Alex Harutunian
According to the Korean Broadcasting System (KBS), the South Korean prosecutor's office has received evidence of price manipulation of the collapsed stablecoin by Do Kwon. Against the background of these events, Kwon appears live on Twitch.
Alex Harutunian
The blockchain project LBRY that is developing “decentralized” Youtube, Odysee, lost the court case against SEC. Observers see a precedent for the Ripple case.
Alex Harutunian
After years of legal uncertainty, U.S. regulators have opened the door for on-chain shareholder records. From Galaxy and Securitize to DTC’s pilot, equity is moving into the blockchain mesh—reshaping settlement, trading, and the future architecture of capital markets.
NASHVILLE, Tenn. Nakamoto Inc. (NASDAQ: NAKA) (“Nakamoto” or the “Company”) today announced that it has entered into merger agreements to acquire BTC Inc, the leading provider of Bitcoin-related media and events, and UTXO Management GP, LLC (“UTXO”), an investment firm focused on private and public Bitcoin companies (collectively, the
The digital euro is increasingly framed as a tool of EU sovereignty. China’s interest-bearing e-CNY shows no banking disruption so far. Tokenization goes mainstream as the ECB validates DLT collateral and the U.S. SEC distinguishes issuer-backed from wrapper tokens.
Bermuda is integrating USDC stablecoin into its economy. In a dollar-pegged island state, stablecoins aren’t replacing money—they’re upgrading the rails. If it works, dozens of “Other Bermudas” could emerge as the next growth engine for stablecoins.
• Vitalik Buterin announces restructuring at the Ethereum Foundation. • Tether pushes USDT integration into Brazil's Pix instant payments network. • Ethereum MEV bot JaredFromSubway exploited.
01.01.2026 EU crypto tax transparency directive DAC8 takes effect, requiring crypto-asset service providers to report user data to national tax authorities. 01.01.2026 MiCA comes into force in Spain. 31.12.2025 Ethereum smart contract deployments hit a record high in Q4. 2026 OUTLOOK Haseeb Qureshi
Balancer Protocol was exploited through a tiny rounding bug in its code. As losses neared $100 million, projects froze pools, rolled back blockchains, and clawed back funds—revealing the centralized and still untamed side of decentralized finance
01.12.2025 Telegram’s Pavel Durov announces Cocoon, a decentralized confidential AI compute network. 01.12.2025 SushiSwap CEO steps down as Synthesis invests $3.3M in the struggling DEX. 01.12.2025 Grayscale to launch the first Chainlink ETF in the US. 01.12.2025 Germany and Switzerland