So far this cycle, fundamentals plays have been few and far between. Banana Gun offered a strong fundamental thesis as cash flow generating picks-and-shovels of memecoin mania, with growth potential as crypto mobile and trading terminal. At the time... Read more

Tether recently announced a record-breaking $5.2B in profit in the first half of 2024. Tether is now on track to generate nearly double Blackrock’s 2023 earnings. For context, Blackrock is the world’s largest asset issuer. While Tether’s profitabili... Read more

With Bitgo announcing a strategic partnership with Justin Sun and the Tron ecosystem, there has been a lot of outcry. They intend to move their business from the United States to a multi-jurisdictional custody through a partnership with BiT Global ... Read more

DAOs are dead, AMMs are dead, fair launches are dead. Ballooned valuations, bloated foundations, and deceptive points programs are the new meta. Consequently, fundamentals have been overshadowed by memecoins and mercenary capital. A new project’s suc... Read more

In the design space of RWA protocols, tradeoffs typically include permissioned usage, trust assumptions, mandatory KYC, and lack of composability — all posing limitations hindering usage and adoption in the crypto space. Naturally, protocols have st... Read more

This is a snippet from our new report from ETHCC Everclear aims to be the “clearing layer” of blockchains. The main insight the Everclear (formerly Connext team) came to after being in the bridge space for years is how much volume could be netted ou... Read more

After being delayed in May, $BLAST officially launches tomorrow, June 26th 10:00 AM EST. While many people view Blast as a “ponzi” chain, the reality is that they have quickly become one of the top L2s. The total supply of $BLAST is 100B. 50% – Co... Read more

FU studios just published a blog post with more details on their native token $FU and the planned integrations for OpenSeason. If you missed my initial post, check out the AF from last week to get the full scope on this Fortnite-style battle royale. ... Read more

With the $FU money airdrop being teased a few days ago, I’ve finally decided to set aside some time to write up this quick post about my favorite crypto game: OpenSeason. This third person shooter combines CT lore and NFT utility with battle royale ... Read more

These are some incomplete notes from the latest debate between Anatoly Yakovenko and Justin Drake. I covered key topics that I found interesting such as timing games, issuance as a cost, and economic security. The debate also triggered some discussio... Read more