Lido announced a delay in their expected timeline for withdrawals and won’t be ready at the Shanghai hardfork. They’ve uncovered some findings from their 7 audits that have required attention. Due to the stakes at play, they are prioritizing safety a... Read more

Symbiogenesis is an upcoming game featuring a new type of NFT-based entertainment, merging collectible digital artwork with actual gameplay benefits, all within a realm known as The Floating Continent. Square Enix, the renowned publisher of blockbust... Read more

Thinking of launching a PFP project today? Stop. Price chart below is from Momoguro, which is helmed by a 9x Emmy-winning studio. Its extremely tough to launch a new PFP project that intends to become an IP/Brand business today. Real demand is just... Read more

Today Meta announced they are discontinuing their NFT initiatives. Meta pivoted to web3 in the later stages of the recent bull run and began to explore concepts and ideas related to digital ownership and crypto, including NFTs. Unfortunately, the mar... Read more

@punksOTC, a well-known CryptoPunks market maker, recently established an order book for wrapped CryptoPunks, effectively introducing the original collection onto the Blur marketplace. This development provides a great opportunity for both punk owner... Read more

Great thread on how “social media risk” is a new vector for banks — and virtually any critical institution. The TLDR is that collective communication technology (social media platforms) has rapidly enhanced over the last 15 years, causing informatio... Read more

The basic model of a bank run goes like this: You’re a bank and you get $100 worth of deposits. You turn those deposits into $100 of rock-solid loans and $20 cash sitting in yo Gringotts-style bank vault. One day, your depositors show up and demand... Read more

Going to run some napkin math here on USDC. As a disclaimer, this is napkin math. There is stuff I don’t know, and there are potential hidden risks elsewhere. This is my best estimate of the current situation. First, there’s been ~$3b drawndown from... Read more

First: mandatory disclaimer that I am not a banking expert and this is meant to distill my personal thoughts around the USDC situation. Risk avoidance in crypto has been at an astoundingly high level for the past 10 months. And understandably so. Th... Read more

Implementing leverage in crypto is not easy. Many current platforms use middle-term solutions or large off-chain components. Crypto leverage trading therefore lacks the composability and permissionless nature of other DeFi products. Infinity Pools i... Read more