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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
Stablecoins   -   Dec 26, 2024 The Stablecoins Of The DeFi Renaissance
The Stablecoins Of The DeFi Renaissance

A year-end overview of decentralized stablecoins with market caps between $50 and $500 million.

Eva Senzaj Pauram
Stablecoins   -   Dec 26, 2024 Still Little Clarity On The Eve Of Tether's Withdrawal From The EU
Still Little Clarity On The Eve Of Tether's Withdrawal From The EU

Tether should be on the verge of delisting due to new regulations, but major exchanges are still not communicating clearly with users.

Rebecca Denton
Privacy and Mixers   -   Dec 24, 2024 Monero Gears Up for Full-Chain Membership Proofs to Strengthen Privacy
Monero graffiti on the wall

The new update is a response to the Chainalysis leak, in which the company revealed a method for tracing some of Monero’s transactions.

Alexander Mardar
Metrics and Signals   -   Dec 24, 2024 How Aerodrome Market Makers Drive Base's Explosive Growth
How Aerodrome Market Makers Drive Base's Explosive Growth

Analytics suggest that sophisticated market makers on Aerodrome DEX are behind the high trading volumes on Base.

Sasha Markevich
Banking CBDC Roundup   -   Dec 24, 2024 Banking and CBDC Weekly Roundup: 24/12/2024
Banking and CBDC Weekly Roundup: 24/12/2024

Reserve Bank of New Zealand study reveals consumers' worries, India's Reserve Bank Governor speaks about the digital rupee progress, while Fiji abandons CBDC plans

Alex Harutunian
Newsletters   -   Dec 22, 2024 Sunday Review 22/12/2024
Sunday Review 22/12/2024

It was beginning to look a lot like Christmas until Jerome Powell surprised markets on Wednesday with what he said was the last interest rate cut for a while. The Fed’s chair comments propelled the prices of both traditional stocks and crypto assets to fall, and Bitcoin, which reached

Eva Senzaj Pauram
Stablecoins   -   Dec 20, 2024 Tracing Ethena’s Path: From Arthur Hayes’ Vision to Today’s Reality
Tracing Ethena’s Path: From Arthur Hayes’ Vision to Today’s Reality

Arthur Hayes envisioned a stablecoin independent of the fiat banking system. Ethena, inspired by his ideas, still relies on centralized systems like USDT, falling short of full decentralization.

Alexander Mardar
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