Latest Articles
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Selling Blobspace: Ethereum's DA Business Model After Fusaka
Fusaka multiplied Ethereum's blob capacity and set a fee floor. Revenue capture still lags. We examine whether cheap DA is a strategy or a subsidy.
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[BTCFi Series 7] Covenants: Bitcoin's Frozen Fork
CTV and CSFS would unlock vaults, cheaper bridges, and Ark-scale off-chain venues. We trace why activation stalled and what a 2026 out-of-Core push means.
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The Great Crashes, Part 3 — 10/10, The $19B Day
A forensic post-mortem of October 10, 2025: how a tariff shock, a Binance index quirk, and looped USDe collateral produced crypto's largest liquidation.
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Machines That Pay: x402 and Agentic Commerce Rails
A mechanism deep-dive into x402, its facilitator architecture, and how stablecoin rails compete with Visa Intelligent Commerce and Google's AP2 for agent payments.