When crypto collapses
Prices fell hard this week, but the more interesting signal was how they fell. This issue examines the crash as a moment of integration — where Open Money moved through the same channels as the rest of the financial system.
When infrastructure becomes habit
Money is changing how it behaves. Not all at once, and not everywhere, but quietly enough that it’s easy to miss. Stablecoins, wallets, and open rails are becoming everyday infrastructure — chosen less for ideology than because they work.
Stablecoins are not just money
Stablecoins are no longer just payments tools. They collapse banking, settlement, yield, and compliance into a single object — turning regulation into a design problem. This issue explains why stablecoins keep breaking regulatory consensus.
Crypto regulation as a design problem
This week’s crypto regulation blowup wasn’t a political failure. It was a design failure. When lawmakers try to define what crypto is, they shape what can be built. This issue looks past the noise to explain why regulation has become a core design constraint.
All money will be onchain
Polygon’s new vision bets on stablecoins, abstraction, and compliance as infrastructure. What that means for open money — and who they're really competing with.
Open Money: What 2026 looks like for crypto
Across Coinbase, Galaxy, a16z, Grayscale, and Bitwise, the consensus is clear: Crypto is getting institutional, allocatable, and quietly integrated into the pipes of the financial system. From stablecoins as internet-native money to tokenization, here are the seven trendlines that matter most.