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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
Aug 23, 2022 Crypto and CBDC panel discussion at G20 ministers forum in Indonesia
G20 finance minister and central bank governor meeting, Bali Indonesia. Source: G20 website

The G20 ministers forum panel on CBDC and crypto hosted Australian and Swiss Central bank governors, the Head of Hong Kong Monetary…

Observers
Stablecoins   -   Aug 23, 2022 Liquidity Pool Exploit Led to Acala USD Depeg
a USD price chart. Source: Coinmarketcap

Due to the exploit in Acala’s liquidity pool about $3 billion was lost. The aUSD stablecoin lost its peg. Later, almost all the funds were returned in a controversial way.

Alex Harutunian
Regulation   -   Aug 23, 2022 Philippines Pauses Licensing VASP
Philippines Pauses Licensing VASP

Although crypto is extremely popular in the Philippines, the central bank, Bangko Sentral ng Pilipinas (BSP), announced that they won’t…

Sasha Markevich
Stablecoins   -   Aug 23, 2022 A New Stablecoin Bridge from Interlay
The principle of operation of InterBTC. Source: Interlay

Interlay has launched the interBTC (iBTC) on Polkadot. InterBTC, according to the developers, is an asset secured by 1 to 1 bitcoin with a…

Alex Harutunian
Stablecoins   -   Aug 23, 2022 How Can Tornado Cash Problems Affect the DAI Stablecoin?
 DAI market capitalization chart. Source: CoinMarketCap

Decentralized stablecoin had added a stability support with centralized USDC reserve. After Tornado Cash ban this reserve can become a source of problems by itself.

Observers
CBDC   -   Aug 19, 2022 Digital Ruble: CBR Outlook

The Central Bank of Russia (CBR) issued a paper on its monetary policy goals and priorities for the 2023–2025 period. Digital Ruble is…

Sasha Markevich
Adoption   -   Aug 19, 2022 Buenos Aires Addresses Blockchain
ETH Latam

Buenos Aires considers itself to be a crypto city and includes cryptocurrency and blockchain projects as part of its development and growth…

Observers
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