In December, Starbucks made its foray into the realm of web3 with the introduction of Starbucks Odyssey, an NFT-powered enhancement to their flourishing loyalty initiative. Although the program has presently only given out complimentary airdrops, Sta... Read more

Ordinals have breathed new life into Bitcoin. For the first time in a long time, I am having trouble following all the new developments, tools, markets, and apps developers are creating for the orange coin. There is something new to follow every day.... Read more

Do you hear that? That’s the sound of 17M ETH getting ready to be withdrawn from staking, nearly $30B of ETH supply previously locked up coming onto the market ready to be sold. Or at least, that is what you may think if you’ve wandered into certain... Read more

Building off an earlier post, Powell’s hawkish commentary this week caused a sizable repricing in rate expectations. The market is now pricing in a ~70% chance of a 50bps hike at the March FOMC meeting (two weeks from today), up from 25% at the start... Read more

With Ordinals becoming more popular, one big question remains: which marketplace will people use? Early Ordinal traders used spreadsheets, anon escrow agents, discord chats, and many other high-trust tools to buy and sell Ordinals. High-trust tools... Read more

It’s been nearly a month since the SEC & NYDFS’s enforcement against Paxos and BUSD. So what’s happened? BUSD redemptions have ramped up quite quickly, with BUSD down nearly $8B (~50%) in the period. Overall, stablecoins are down ~$2.4B, with both US... Read more

The pace at which global liquidity has been expanding looks to be slowing. At the same time, we’ve seen risk assets rollover the last few weeks. We noted earlier in the year how the reversal in liquidity trends back in October was a key catalyst beh... Read more

Despite overall volume and user base declining after the airdrop, recurring users actually make up on average 70% of all daily users on SudoSwap since November 2022, with this figure reaching all-time high of 79% on Dec. 12. SudoSwap offers immediate... Read more

Lens is one of a handful of protocols building an on-chain social graph. Incubated and developed by the team at Aave, Lens has found considerable usage after launching on Polygon PoS. Over 2023, Lens has seen daily users grow from one plateau to a h... Read more

Yuga Lab’s Twelvefold auction concluded this afternoon. All 288 of their first-ever ordinal collection sold out over 24 hours of bidding at an average price of 2.55 BTC per Ordinal. As the first significant brand inscribed Ordinals on Bitcoin, I spen... Read more