Thesis. Tokenization of real-world assets has fundamentally changed by 2026: it is no longer a speculative resale market but a…
Lead: The tokenization of real-world assets has quadrupled since the start of 2025, reaching approximately $33.5 billion. But the figure…
Lead: In less than three months, SWIFT will reject any cross-border payment whose postal address is not structured. 65% of…
Bitcoin functions as a systemic anchor and market factor. Its circulating supply stands at approximately 19.95–20.08 million BTC. US spot…
The dominant factor in September is not an endogenous crypto narrative but a regime of real rates and geopolitical energy…
Dollar-backed stablecoins have become a dual-use instrument of U.S. economic power, extending the dollar's reach into markets where correspondent banking…
The market has exited the capitulation phase of June 2026, where BTC fell below $60k, driven by ETF creations and…
1.1 Bitcoin. Core Collateral, Not an Alt Price sits below the self-custody cost basis shelf (~$80.8k) and under the Glassnode…
Bitcoin rallied 6% in the week of August 19, triggered by a yields at their highest since 2007, seen as…
Contagion in AI financing cannot be understood through valuation levels or even growth rates. It must be understood through the…