The exchange between Kamino and Jupiter has escalated from healthy competition to a clear public dispute

by Carlos /
Analyzing Jup Lend vs. Kamino
Crypto lags behind TradFi benchmarks, but trends in stablecoins, deposits and loans point to durable multi-year growth
And the bear case for bitcoin
article-image
Kalshi raises a billion dollars, and Trump’s new Fed Chair pick is imminent
article-image
Bad math makes headlines: real progress, a history of candlelight, and “the worst poverty analysis…ever seen”

Key metrics

ETH/BTC Ratio

DeFi TVL

Fear and Greed Index

Federal Reserve Balance Sheet

Decoding crypto and the markets. Daily, with Byron Gilliam.

article-image

Futuristic DeFi is stuck inside the computer. An old idea might be its escape hatch

article-image

Money market indicators are flashing liquidity stress again as crypto underperforms equities

article-image

From passageways to penumbras: a history of private life

article-image

BTC’s Asia-session move and Ethena’s weaker yields reflect a market adjusting to tighter yen funding and softer derivatives carry

article-image

What Monad’s launch, MegaETH pre-market pricing, and the Berachain refund story say about today’s infra market

Traditional finance and crypto are converging. Join Blockworks, Circle, Aave Labs, and Blockdaemon as experts unpack how ETFs, tokenization, and DeFi are transforming global financial infrastructure.

events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

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.
0xResearch
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
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
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
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..
Forward Guidance
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
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
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...
The Breakdown
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
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..
Fogo: Testnet Traction & Mainnet Readiness

Blockworks Research

Fogo launched mainnet on Nov. 25, 2025, as an L1 purpose-built for institutional trading infrastructure, with USDC transfers enabled through native integration with Wormhole. Mainnet validators have been onboarded behind the scenes prior to public announcement, though most ecosystem applications remain in testnet with no confirmed migration timeline.
by Nick Carpinito /
Bittensor: Positioning for the Post-Halving Repricing

Blockworks Research

Bittensor (TAO) remains the AI sector market leader with a MC of ~$3B. Recent protocol upgrades, shifting emissions mechanics, and strengthening subnet fundamentals are reshaping the outlook for TAO and the broader Bittensor ecosystem. With the first halving set to occur in mid-December 2025, conditions may be forming for the next leg of growth across both TAO and leading subnets.
by Kunal Doshi /
Equity Perpetuals Landscape Report

Blockworks Research

US options' $89T monthly volume—$48T in 0DTE—reveals massive demand for leveraged exposure that perpetual futures serve more efficiently via 24/7 linear exposure without theta decay. Regulatory barriers block US listing, pushing volume onchain where four models compete: Hyperliquid's HIP-3 dominates (Unit's Trade.XYZ holds 98-99% share) but faces weekend delta gaps; Ostium's peer-to-pool offers stable funding but halts on weekends; Solana's xStocks promises atomic cross-margining yet remains unrealized; Vest's dynamic offchain hedging provides protocol liquidity with adaptive weekend pricing.
by Shaunda Devens /
Decentralized AI Coordination: Transforming Siloed Intelligence into Collective Networks

Blockworks Research

Decentralized AI coordination networks solve crypto's growing architectural mismatch: applications built on trustless infrastructure shouldn't depend on centralized intelligence providers. By turning model outputs into competitive marketplaces, protocols like Allora are building the permissionless intelligence layer that AI-powered DeFi and autonomous agents require.
by Daniel Shapiro /