The treasury company now holds 673,783 BTC, but flow is more likely to be episodic in this year’s financial climate

Ranger’s Jan 6–10 sale could re-accelerate MetaDAO volumes and revenue

ETH derivatives show a disciplined rebuild of risk, with rising open interest pointing to healthier leverage

2025 was far from perfect, but much better than we think it was.

BTC finished the week up 1.6%, while L2s, RWAs and the treasury trade continued to grind lower

DTCC moves DTC-custodied Treasuries onchain via Canton, while Lighter’s LIT launches trading at a fees multiple in Hyperliquid territory

In the 90s, rapt audiences worldwide watched a coffee pot — will that fascination ever turn to crypto?

Some systems improve by failing — and crypto has no choice

Yield Basis introduces an IL-free AMM design that already dominates BTC DEX liquidity

Maybe tokenholders don’t need the rights that corporate shareholders have come to expect

As Hyperliquid and Lighter battle for perps DEX dominance, Boros could capture the structural upside

Investors are often right about the future, but wrong about the returns