Bitcoin mining behavior will always be closely tied to its inherent operational costs, with electricity being its largest expense. Interestingly enough, the cost of electricity to mine one BTC has historically served as a dynamic price floor for Bitc... Read more

As I am sure readers know, DAO governance leaves much to be desired. Projects experience low participation, DAOs are rarely autonomous, and participation is often low quality. But AI could offer DAOs a glimmer of hope. Enter the Governatooorr. Valor... Read more

As crypto markets continue to rally into Q2 and with ETH Shanghai in the rear view, crypto markets find themselves at pivotal areas with regard to market structure. BTC attempted to move through $31K with ETH breaking back above $2K for the first tim... Read more

Stride just launched their proposal to become a consumer chain of the Cosmos Hub. If you watched our episode of check the chain a couple weeks ago you’ll remember Stride is the Liquid Staking chain that issues LSTs across Cosmos. This proposal will t... Read more

At least the upcoming tax season will save them…oh wait…... Read more

Small businesses reported the largest monthly contraction in “availability of credit” in 20 years. Small/regional banks are critical lenders to SMEs and reaffirms our view of a lending slowdown, which as we’ve noted has big implications for economic... Read more

Pudgy Penguins has given new life to Rogs, which was previously known as Pudgy Presents that failed as an airdrop NFT during the last Christmas season. Now, Rogs has been reimagined as a utility NFT that will function as a multiplier for specific lic... Read more

We’re about half a day into Shanghai now and it’s going pretty much as we would have expected. Let’s take a look at some of the key metrics. 1) Total exits so far ~21k validators (~4% of validators) source: parsec 2) Majority of exits are from Kra... Read more

Historians don’t agree on much, but they do agree that the telegraph, railroad and steam engine were all transformative technologies — the kinds of technologies that don’t occur very often throughout history. In fact, historians even came up with a... Read more

Recent Research 📊 Uniswap’s Fee Switch – 4/11 If Uniswap were to activate the fee switch, how much would UNI token holders stand to benefit? Based on our assumptions, estimates, and analysis, the fee switch’s ultimate impact may be underwhelming.... Read more