Credible neutrality, Google, GCUL, and the Open Money future
Google is building a new “universal ledger” that looks like open infrastructure — but is it really? A quiet shift in financial power is underway.
A weekly research-driven brief tracking how onchain systems actually work — focused on structure, adoption, and what lasts beyond the hype.
Google is building a new “universal ledger” that looks like open infrastructure — but is it really? A quiet shift in financial power is underway.
On August 19, 2025, Wyoming launched FRNT, the first U.S. state-backed stablecoin — live, spendable, and legally backed across seven blockchains. As a programmable public currency, FRNT offers a glimpse into what open, sovereign digital money could look like.
Breaking the halving beat: Do liquidity and institutional flows dominate now?
A new 401(k) order puts crypto in your retirement plan — access for all, or the financialization of everything?
The SEC just unveiled Project Crypto — a sweeping initiative to modernize U.S. securities law and bring digital asset markets onchain. It promises clear token classification, support for DeFi and self-custody, and a path for crypto super-apps.
Corporate capital shifts from factories to bitcoin. Crypto treasury formation is replacing retail drivers, which has implications for Open Money