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
Triggered by a routine macro shock, crypto once again unraveled faster than any other market. Not because of sentiment alone, but because CEX risk engines, DEX liquidation incentives, and always-on leverage turn small moves into cascading stress.
Alex Harutunian
DeFi is moving from standalone apps into the backend of exchanges, with Coinbase and Crypto.com leading by embedding Morpho’s lending vaults. This “embedded DeFi” model raises a key question: are exchanges becoming banks, or just UIs? The answer will define DeFi’s role in future banking.
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
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 “Transaction”
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.
• Ethereum Foundation begins staking its ETH treasury. • The 20 millionth Bitcoin is mined. • Starknet introduces STRK20, a privacy-focused token standard that obscures sender and receiver addresses.
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 (Dragonfly
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
Bitcoin’s performance before Trump's inauguration was disappointing. Most traders shied away from making more purchases, but a few others went all in—who were they?
Eva Senzaj Pauram
A series of rapid-fire memecoin launches linked to the Cuban government end in a dramatic $30 million rug pull, leaving investors furious. Next day another "Cuban coin", this time related to Mark Cuban's meme coin announcement sparked meme coin investors' interest.
Rebecca Denton
Solana’s DEXes hit record trading volumes as the network faces challenges with transaction failures.
Alexander Mardar
Multiple lawsuits target the Department of Government Efficiency (DOGE), led by Elon Musk, for evading federal transparency guidelines. Meanwhile Doge coin logo appeared briefly on the newly launched landing page of the antibureaucracy agency.
Rebecca Denton
The weak price performance of ETH has led Ethereum users to more closely examine the Ethereum Foundation and its leadership, raising many questions.
Alexander Mardar
In the days leading up to Trump’s inauguration and on the big day itself, the crypto space moved at a frenetic pace. The volatility is far from over.
Eva Senzaj Pauram
Are there yet more memecoins on the way?
Rebecca Denton
Happy Sunday, Observers! This was a week marked by several launches, announcements, predictions and rumours about what will happen once Donald Trump is sworn into office on Monday. A meme coin of the 45th and soon-to-be 47th president of the United States was launched on Friday night on Solana, and
Eva Senzaj Pauram
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 “Transaction”
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.
• Ethereum Foundation begins staking its ETH treasury. • The 20 millionth Bitcoin is mined. • Starknet introduces STRK20, a privacy-focused token standard that obscures sender and receiver addresses.
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 (Dragonfly
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