The economics of how value moves through crypto markets, including staking, exchanges, stablecoins, tokenization, and transaction infrastructure.
In October 2014, Tether Limited launched a token called Realcoin, later renamed Tether (USDT), on the Bitcoin blockchain. Tether backed each token one-to-one with US dollars held in a bank account. That launch marked the beginning of a new category of digital assets. Over the next 12 years, stablecoins became one of the most debated
The History of Stablecoins: Twelve Years of Growth and Crisis Read More »
The history of crypto exchanges follows the booms, collapses, regulation, and competition behind more than a decade of crypto trading. Before crypto exchanges existed, Bitcoin had no market price. There was no easy way for two people who didn’t know each other to agree on Bitcoin’s value and complete a trade. Early Bitcoin transactions took
The History of Crypto Exchanges: Crashes and Change Read More »
Strategy’s 2020 Bitcoin purchase was called reckless. Five years later, corporate Bitcoin treasury adoption is a global CFO discussion. Corporate treasury management is one of the most conservative disciplines in finance. A CFO’s primary job is to protect the company’s cash, not to make bets or take concentrated positions in volatile assets. Most corporate treasury
Corporate Bitcoin Treasury Adoption: The Business Case Read More »
Since the Beacon Chain launched in 2020, ETH staking has grown to 35 million ETH, securing $112 billion across Ethereum. The result is a new staking economy. Staking starts with a familiar exchange: lock up your ETH, help secure the network, and earn yield. Since the Beacon Chain launched in December 2020, however, ETH staking
The Staking Economy: How ETH Staking Built a $112B Security Market Read More »
A Nairobi driver, Austin homeowner, and Seoul designer earn passive income from everyday devices. That’s the promise of DePIN infrastructure. Building a mobile network used to require tens of billions of dollars, thousands of employees, and a government license. As a result, a small number of telecom companies controlled pricing, coverage, and infrastructure deployment across
DePIN: The Smarter Way to Build Physical Infrastructure Read More »
It started with a Bitcoin experiment in 2012. It became a $2.5B BlackRock fund on Ethereum. Here is the full RWA tokenization story. In March 2024, BlackRock, the firm that manages more money than any other institution on the planet, launched a fund on the Ethereum blockchain with institutional capital backing it and clients on
RWA Tokenization: The Full Story Behind $32 Billion On-Chain Read More »
From a 2013 filing when Bitcoin was $100 to seven SEC rejections, one court ruling, and $58.72 billion in inflows, here’s the complete Bitcoin ETF story. On July 1, 2013, Cameron and Tyler Winklevoss, the Harvard rowers who settled a lawsuit with Mark Zuckerberg for $65 million and immediately put a large portion of it
Bitcoin ETFs: 7 Rejections, One Lawsuit, $58 Billion Won Read More »