The Breakdown
Decoding crypto and the markets. A daily Blockworks newsletter, by Byron Gilliam.
Bad math makes headlines: real progress, a history of candlelight, and “the worst poverty analysis…ever seen”
Anthropic researchers report that their AI agents successfully exploited 56% of vulnerable smart contracts
For new growth, crypto may need to shed tired norms like over-raising and the hoarding of investment resources
Futuristic DeFi is stuck inside the computer. An old idea might be its escape hatch
With every generation, new problems arise — usually caused by the previous generation’s solutions
The need for a public, verifiable ledger system may have prompted the creation of an ancient mountain site
GPUs are starting to go dark even as data-center spending doubles — is a bubble on the horizon?
Jeff Yass bets that prediction markets could stop wars, Paul Atkins’ announcement on “tokens,” and more
If financial nihilism has driven you into memecoins, zero-day options, and sports betting, consider financial optimism instead
Could blockchain rails finally realize Ted Nelson’s non-linear, pro-creator “docuverse”?
A recent mistrial illustrates how juries need more background information when it comes to judging complex systems like Ethereum
Advice from Neal Stephenson, Kyle Broflovski, and Crypto Mom on building in crypto
When crypto meets the courtroom, everyone speaks in food metaphors — and nobody leaves full
Sometimes you need to know what actual humans think, and not just simulated humans
