Hyperliquid has built a successful exchange, but its broader onchain economy remains underdeveloped. Kinetiq’s Elysium aims to address infrastructure constraints that make some financial applications...

AI’s main constraint is shifting from chips to power: chip supply scales in quarters, but generation and transmission take years, and grid access can’t be bought with a higher price. The report evalua...

Speculation has always had two engines. One is technology, which rearranges what is possible. The other is a strained political and monetary order, where the normal path no longer works for the averag...

The Delphi Macro Regime now incorporates leading indicators of global growth and inflation alongside liquidity. Today the model reads neutral and paints a more cautious picture than the liquidity-only...

Tokenized stocks are now a roughly $3B market, but only about 6% of that value is deployed in DeFi. This report examines what investors own across the main token structures, how firms like Alpaca and...

MetaDAO is evolving beyond token issuance into a system that connects market-based fundraising with liquidity, treasury governance and post-launch accountability. This report assesses how far that mod...

Proof-of-work has historically been the standard consensus mechanism in blockchains, turning computation into economic security. At the same time, a separate compute economy has emerged around AI. The...

Chinese models are near-parity on benchmarks, dramatically cheaper per intelligence task, and topped US models in OpenRouter token share for the first time in 2026, all through legitimate contribution...

Agentic commerce is converging on a new primitive, the task: a verified unit of completed work. Three forces are driving the shift. Agents are capable but break on multi-leg work; therefore work must...

Three names with nothing in common, ZEC, HYPE and VVV, traded as one position through 2026's narrowing market. June 4 stress-tested the trade: all three fell together, then recovered 135%, 85% and 52%...

Self-driving labs combine AI and robotics to run the full scientific design-make-test-analyze cycle autonomously, compressing an iteration loop that takes months in a conventional lab down to days or...

Jito's self-custodial trading app is going after a seat nobody on Solana has filled yet, a single venue that cleanly packages the chain's liquidity and execution for active traders across all assets a...

Dispersion, the supply overhang, and Hyperliquid were the standout calls in the first half. The macro turn is more defensive heading in 2H26, with a hawkish Fed and rising real yields pointing to a po...

How should one value AERO? On the cash it actually returns to holders it screens cheap, routing ~100% of its fees and bribes to veAERO and trading at a fraction of Uniswap's revenue multiple. But it s...

Today, there are hundreds of different crypto cards to choose from, many of which offer marginal improvements over the next. But the winners will likely be the companies that use cards as an entry poi...

Capable models now run at cents per million tokens and get swapped by the week, which has made the model the commodity in the stack. The value moved up a layer, to the harness that holds your context,...

HIP-4 introduces a new contract type that lets users trade discrete event outcomes alongside spot and perps on Hyperliquid. For tradfi readers, these outcome markets essentially function as binary opt...

A cyclical macro framework that leads downside volatility and asset prices...

Aave has dominated DeFi lending from the beginning. Morpho has emerged from a once-saturated competitive landscape to become the most serious challenger Aave has ever faced....

Strategy traded a deadline for a runway. MSTR now plays a supporting role while STRC takes center stage....