Stablecoins, Narrow Banking, and the Liquidity Blackhole
For over a century, monetary reformers have proposed versions of “narrow banking” – financial institutions that issue money but do not extend credit. From the Chicago Plan of the 1930s to modern proposals like The Narrow Bank (TNB), the idea has been simple: prevent bank runs and sy
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CT has a habit of conflating projects. Lately, Humanity Protocol has been getting lumped in with World as “the other biometric blockchain project.” While both offer biometric verification and are building identity solutions, this comparison misses important differences in scope, architecture, and go-to-market strategy.
In this piece, I’ll
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We’ve published a guest post from Rittenhouse Research on Galaxy Digital’s AI Mining Center Helios. The link to the full report is at the bottom with a snippet here:
Galaxy Digital (“Galaxy” or the “Company”) is a digital asset and AI infrastructure focused holding company. Similar in structure to Berkshire Hathaway,
Galaxy has a book of
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Macro Signal Monday sets the tone for BTC capital flows at the start of the week. Follow along each Monday for the full Hope Metric signal breakdown and forward-looking capital flow context for BTC.
Hope Metric Score: 54.7 range (Neutral – top of range)
BTC ETFs saw outflows of –$131.6M last week, ETH ET
Loud!, a simple token experiment, has dominated the conversation on CT last week. Powered by Kaito, Loud distributed 45% of its token supply to users who promote Loud in a first-of-its-kind Initial Attention Offering (IAO). The novelty of the launch mechanism and upside speculation propelled Loud to 76% Kaito mindshare. After a down-only
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Circles is a protocol to create a decentralized social currency, without intermediaries. Every user issues their own personal currency $CRC (Circles Credit) and uses it to trade within a trusted network. It was built by Martin Koeppelmann, the co-founder of Gnosis.
You mint CRC at a fixed rate: 1 CRC/hour. But bear the following in min
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Plume opened its Season-2 liquidity-mining program this morning and will be distributing 150 million liquid, non-dilutive $PLUME via Royco’s Incentived-Action Markets (IAMs) over the next ninety days—the same framework I covered in detail during Royco’s Berachain rollout (Royco Protocol Deep Dive).
It’s simple:
Political horseshoe theory is a very intuitive way of visualizing the notion that extremists, on different ends of the political spectrum, have more in common than they believe.
I believe the crypto equivalent of this is the product maxis versus the decentralization maxis. Product maxis prioritize a functional, complete experience for en
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If you’ve been on CT lately, you’ve probably seen people yelling about R E V. If you have no idea what I’m talking about, then this post it’s for you.
Some think REV it’s the ultimate metric to value chains & price assets, others think it’s just another useless metric. In the middle, you can find me.
But none of that matches what actual
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Macro Signal Monday sets the tone for BTC capital flows at the start of the week. Follow along each Monday for the full Hope Metric signal breakdown and forward-looking capital flow context for BTC.
Hope Metric Score: 50.2 (Neutral)
BTC ETF inflows slowed towards end of month, but May closed with $5.23B in net ETF inflows
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