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A business that gives away 75% of what it raises isn’t selling equity — it’s selling a product
by Byron Gilliam /
“This joint statement provides the Divisions’ view that current law does not prohibit SEC- or CFTC-registered exchanges from facilitating trading of these spot crypto asset products,” per the statement
by Blockworks /
BTC price headed into the month straddling the average cost basis for short-term holders
by Ben Strack /
Billions in bitcoin, ether and token buys collide with major Nasdaq listings
by Blockworks /
The exchange seeks up to $317 million through public listing amid steep financial losses
by Blockworks /
Key metrics
ETH/BTC Ratio
Ethereum Gas Price
DeFi TVL
Fear and Greed Index
Federal Reserve Balance Sheet
Breaking headlines across our core coverage categories.
ETH-focused firm gains backing as SPAC merger approaches completion
by Blockworks /
SEC filing shows Strategy used equity sales to fund new bitcoin buys, bringing holdings to nearly $47 billion
by Blockworks /
UNI holders will decide on creating “DUNI,” a Wyoming Decentralized Unincorporated Nonprofit Association
by Macauley Peterson /
World Liberty Financial opened WLFI claims at 8:00 am ET, driving a rush of on-chain transactions that pushed Ethereum gas into triple digits
by Macauley Peterson /
Over 20 spot digital asset ETFs have launched so far in the U.S. and many more applications are in the SEC’s queue. As Wall St. looks ahead to the next evolution of digital asset products, the addition of staking-enabled ETFs represents a step function increase in both utility and the opportunity for yield.Despite the institutional demand for staking-enabled ETFs, two major hurdles remain: a challenging technical integration and unresolved regulatory factors. Join this Blockworks Roundtable to hear from a panel of issuers and service providers as they unpack the most pertinent factors of the next wave of digital asset ETFs mechanics around yield, distribution liquidity, redemption, and regulation.
Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.
Your favorite crypto and macro podcasts in one place.
0xResearch is the show for those who want to step up their game and think like a crypto analyst. We bring on crypto's best to uncover the latest research, explore protocol developments and identify new narratives. We are full-time crypto..
1000x is a crypto markets podcast hosted by professional traders Avi Felman and Jonah Van Bourg. We bring on experts to dive deep into the macro and micro factors that represent the lifeblood of digital money and web3. As an..
Bell Curve breaks down the most important themes in crypto for people who, like us, are confined to the middle of the bell curve. Each season explores a different thesis that we'll test and refine through debate with crypto's best...
Empire features interviews with top crypto founders to get the real stories that aren’t shared elsewhere. Empire is your look behind the curtain of the crypto industry. We release two episodes per week: guest interviews on Monday and a weekly..
The laws of macro investing are being re-written, and investors who fail to adapt to the rapidly changing monetary environment will struggle to keep pace. Felix Jauvin interviews the brightest minds in finance about which asset classes they think will thrive..
Lightspeed is a podcast for those interested in how crypto can solve real problems and create products users love. It's a callback to the garage days of Silicon Valley, where builders pushed the limits of hardware and software to build..
Supply Shock explores the latest Bitcoin news with a deep historical perspective. Featuring in-depth interviews with industry experts, each episode connects current events to key moments in Bitcoin history, revealing patterns, lessons, and insights shaping the future of digital assets...
A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.Subscribe to The Breakdown newsletter: https://the-breakdown.carrd.co/..
Hivemind combines Delphi Digital’s brightest minds to cut through the crypto noise. Jose, Yan, Ceteris and Duncan explore everything from venture to token design, offering an unfiltered perspective on what shapes the industry. We cut through the hype to focus..
Insights you can't invest without.
Blockworks Research
Aave’s revenues have doubled from April lows and are fast approaching all-time highs. With 35% of borrow interest coming from ETH and 55% from stablecoins, Aave is emerging as a powerful proxy as an ETH and stablecoin beta. As looping strategies accelerate growth and Horizon positions the protocol to ride the RWA wave, Aave is shaping up as one of DeFi’s most compelling multi-narrative plays.
by Kunal Doshi /
Blockworks Research
Into 2026, we see a barbell as the most sensible way to express the thesis with Robinhood as the core, steadier compounder, and Coinbase as the higher-beta call option on the next crypto up-leg. Robinhood’s premium multiple is now earned by a broader, more durable revenue mix (options, NII, crypto) with identifiable execution catalysts (Bitstamp/WonderFi integration, continued Gold adoption, the banking rollout, and early tokenization/L2 efforts). Coinbase’s story skews more cyclical but gains structural heft from Deribit, Base economics, brand reputation, CaaS offerings, Custody, product expansions, and payment rails that can thicken Subscriptions & Services through a cycle.
by Marc-Thomas Arjoon, CFA /
Blockworks Research
Mantle is building a vertically integrated "Blockchain for Banking," unifying consumer, institutional, and yield products on its modular L2, Mantle Network. Anchored by EigenDA and OP-Stack upgrades, the network sustains strong MNT demand while powering products like UR (smart-money app), MI4 (crypto index fund), mETH (liquid staking), and FBTC (yield-bearing Bitcoin). With Bybit’s distribution reach and growing institutional adoption, Mantle positions itself as a financial hub bridging TradFi and DeFi.
by Shaunda Devens /
Blockworks Research
Union’s technical design brings measured improvements to crosschain interoperability. By combining a consensus-verified hub with novel constructs like state lenses and ZK proofs for client updates, Union achieves an interoperability protocol that is highly performant, trust-minimized, and scalable.
by Luke Leasure /