Mainstream adoption versus mainstream absorption
If the past couple of weeks are any indication, Bitcoin isn’t being adopted, it's getting absorbed. Institutions are embracing exposure, not ideology.
All about crypto
This is an index of posts that cover topics related to crypto. The articles explore cover a range of topics such as environmental impacts of crypto, AI-driven research methods, the future of web3, layer 3 blockchains, NFTs, and onchain assets. It also discusses decentralized social media, prediction markets, and the importance of permissionless money and modular blockchain design.
Bear market or seasonal slump? What this market flip is really telling us
Crypto markets just flipped from euphoria to fear, with over $1 trillion in value erased and bitcoin down nearly 30% from its peak. But beneath the volatility, the infrastructure — from stablecoin volume to institutional rails — is still compounding.
The DAT-ification of everything: The risk/reward of ETFs, treasuries, and index wrappers
As bitcoin and crypto assets get wrapped into ETFs, treasuries, and digital asset trusts (DATs), the market is becoming more accessible — and more fragile. This week’s volatility shows how quickly those wrappers can turn into points of failure.
Why the continued failure of decentralized stablecoins is so important
Decentralized stablecoins keep breaking, and that’s exactly why they matter. Each failure is a stress test in public — a necessary part of building financial infrastructure that doesn’t rely on banks, governments, or permission.
Crypto's invisible phase
Open Money tracks how crypto becomes part of the financial and digital infrastructure beneath everyday life. This week, we break down a16z’s State of Crypto 2025 to show how stablecoins, ETFs, and new wallet UX are embedding open systems into how value moves.
When the banks choose crypto rails
Japan’s largest banks are launching a joint stablecoin framework. Beneath the headline is a deeper shift: programmable, interoperable finance is becoming the default setting.