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.
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When buy now, pay later moves onchain
Klarna is launching KlarnaUSD, a fiat-backed stablecoin built on the Tempo blockchain to reduce cross-border payment costs. This marks a shift toward stablecoin-based settlement infrastructure, as fintechs begin replacing legacy rails like SWIFT and card networks with programmable money.
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.
Power dynamics: Bitcoin miners pivot to AI power providers
Bitcoin miners are diverting power to AI hosting, slowing hashrate growth at the margins just as post-halving economics bite. This shift introduces long-term questions about network security, as fewer megawatts chase block rewards and more flow into contracted, non-Bitcoin workloads.