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
MainMoney combines digital money with digital identity to transform the Democratic Republic of Congo's payment system.
Eva Senzaj Pauram
Five major venture capital firms, including Andreessen Horowitz (A16z), Multicoin Capital, and Paradigm, are challenging the regulator's stance on digital asset airdrops, supporting a Texas apparel company's argument that free token distributions should not be classified as securities transactions.
Mathilde AdamBitget wallet on Telegram reaches 6 million users just 3 days after launch. FDUSD stablecoin set to launch on Solana. Binance partners with AWS for a cloud-based machine learning solution. Kraken launches a fully customizable desktop trading application. Chainlink unveils major upgrade to boost flexibility and scalability. London PR firm
Observers
Security and user experience remain paramount (and mutually exclusive) factors in the crypto industry. A plastic smartcard wallet is a handy, cheap, and familiar device for securing digital assets, but do we compromise on security? Our observer discusses it with Satochip founder Bastien Taquet
Sasha Markevich
With the new Virtual Asset Index Series, HKEX aims to create benchmarks for Bitcoin and Ether in Asia. Administrated by CCData, the indices aim to offer real-time and settlement-oriented prices. Reliable benchmarks can boost investors' confidence and support other financial products.
Sasha Markevich
Over 50 networks, including prominent ones like Base, Kraken, and Uniswap, have embraced Optimism’s technology, drawn by its simplicity and seamless interoperability.
Alexander Mardar
Enterprise blockchain company R3 is exploring strategic options, including a potential sale, highlighting a broader shift in the financial sector's embrace of public over private blockchain networks.
Mathilde Adam
India is once again weighing up a crypto ban in order to boost adoption of the digital rupee, while the Russian regulator warns banks of penalties. A new report suggests tokenization has little risk of jeopardizing financial stability.
Observers
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