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The exchange between Kamino and Jupiter has escalated from healthy competition to a clear public dispute
by Carlos /
Crypto lags behind TradFi benchmarks, but trends in stablecoins, deposits and loans point to durable multi-year growth
by Luke Leasure /
And the bear case for bitcoin
by Byron Gilliam /

Bad math makes headlines: real progress, a history of candlelight, and “the worst poverty analysis…ever seen”
by Byron Gilliam /
Key metrics
ETH/BTC Ratio
DeFi TVL
Fear and Greed Index
Federal Reserve Balance Sheet
Breaking headlines across our core coverage categories.

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

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

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


















