KYC is finally meeting its match. Traditional checks cost North-American institutions $64 B a year and still expose users to sprawling data leaks. Our newest Delphi Pro deep-dive shows how Zero-Knowle...

Unsecured lending is arguably the biggest missing puzzle piece in DeFi's vision to upend and rewire the financial rails of the world. In our latest research piece, “Engineering Real Credit On-Chain: T...

The success of a blockchain hinges on two pillars: servicing a large number of concurrent users and hosting applications that give them a compelling reason to use the chain. Aptos is making notable st...

Humanity Protocol stands out in the identity landscape not by competing directly with World, but by redefining the market. Where World focuses on vertically integrated hardware + consumer identity, Hu...

In crypto, most AI agents today are little more than GPT-wrapped gimmicks—single-step automations parading as intelligence. The market caught on. Agent tokens are down 80% to 90% from peak, and for go...

What began as a bold balance sheet directional bet has matured into a repeatable financial structure. Public crypto accumulation is no longer confined to Bitcoin, and it is no longer limited Microstra...

Despite Galaxy’s original emphasis on providing financial services for digital asset related businesses and investors, the crown-jewel of its operating company portfolio is Helios, its flagship data c...

Key Highlights Include: Trump’s Tariff Impact: The report details how Trump’s tariff policies disrupted global trade and financial markets, driving volatility in risk assets—including crypto—and sp...

Wemade’s journey offers a glimpse into what it takes to bring Web2 gamers and Web3 economies together. While their core business continues to deliver strong, compounding cash flows, Wemix still hasn’t...

Plasma isn’t just a response to technical limits. It’s the thesis that stablecoins have grown large enough to justify infrastructure designed for them alone – the same way AWS built dedicated services...

As applications scale, their needs often exceed what general-purpose blockchains can offer. Avalanche L1s – custom, sovereign chains – address this by letting teams control their infrastructure while...

Despite favourable market conditions, crypto’s end vision faces a critical challenge that’s rarely discussed: the alarmingly small number of live applications and their sluggish development pace. This...

The internet is becoming a house of mirrors.  Those concert tickets for your favorite artist that sold out in seconds? Snatched up by scalper bots. That attractive dating profile you just matched w...

The transition to RoG-based frameworks reveals two fundamental vulnerabilities within the centralized cloud computing model. The first is blind trust: current cloud platforms do not provide hard evide...

Q1 was quite an eventful quarter for both ZKsync and the Elastic Network. Many things have unfolded in the broader ecosystem, from development milestones and major ZK Chain launches to growing dominan...

The regulatory environment for crypto has never been more bullish. With the SEC dismissing case after case against DeFi and crytpo, as well as Paul Atkins becoming the new SEC chair, the growing deman...

Crypto x AI has a lot of hype, but has yet to deliver anything of substance. USD.AI combines DePIN, AI, and stablecoins into a powerful new concept of InfraFi. It offers an alternative to a suboptimal...

Pump.fun is vertically integrating Solana's memecoin economy through PumpSwap, capturing billions in trading value previously flowing to Raydium. Now controlling both token creation and trading, Pump....

Elixir introduces deUSD, a synthetic dollar backed by stETH and short ETH-PERP positions, enabling delta-neutral yield generation. Users can participate in Elixir’s ecosystem by supplying liquidity or...

We are witnessing the slow, structural inversion of crypto’s power dynamics. From infrastructure-heavy protocols with bloated valuations and abstracted use cases, to application-first ecosystems that...