Throughout 2025 · INSTITUTIONAL FINANCE I want to tell you about the most important thing happening in crypto right now, and I’ll warn you up front: it is gloriously, almost defiantly boring. No meme dogs. No overnight millionaires. No laser eyes. Just the quiet, unglamorous business of the world’s biggest financial institutions moving the actual […]
Real-World Assets on the Blockchain Reach $8 Billion Read More »
March–April 2025 · POLICY & REGULATION Every so often, a piece of lawmaking comes along that accidentally exposes just how little the rule-makers understood the thing they were trying to rule. The IRS’s “DeFi broker rule” was one of those, and its unwinding in 2025 tells you something rather important about where crypto regulation is
Congress Kills the DeFi Broker Rule — A Win Read More »
Let me sell you something. It has no factory, no product, no profits, no assets, and no plans to acquire any of the above. It doesn’t pay you a penny, it doesn’t own a thing, and it answers to no one. It is, in the most literal sense, a picture of a name. So —
The Official Trump Token: A $15 Billion Memecoin and a Political Storm Read More »
Here’s a sentence that would have sounded like pure nonsense a few years ago: you can now buy Dogecoin — the cryptocurrency invented in 2013 as a literal joke about a dog — inside a tidy, regulated fund, right alongside your pension and your index trackers. In 2025, that stopped being a punchline and became
The Altcoin ETF Flood: XRP, Solana, Dogecoin Get Their Moment Read More »
Let me talk to you about the least sexy, most important force acting on your investments: regulation. I know, I know — stay with me — because in early 2025 the weather over the entire crypto world changed almost overnight, and understanding why is far more useful to you than any price chart. Think of
Gary Gensler Exits. The SEC’s War on Crypto Ends. Read More »
For years, the most used money in crypto lived in a legal grey zone — trusted by millions, governed by almost no one. In July 2025, that quietly ended. Let me tell you why this one landed with me. In my twenties, I lost real money on early, silly bets — on things nobody was
The GENIUS Act Becomes Law — America Gets Its First Stablecoin Framework Read More »
Everyone remembers the top. Almost nobody remembers the round trip. Bitcoin in 2025 handed us both — and the second half is the part worth keeping. Can I confess something before we get near the numbers? I have chased a high before. Watched a chart run, felt that hot little voice whisper this time it
Bitcoin Breaks $120,000 — Then Hits $126,000 in October Read More »
Here’s the part that should keep you up at night: as far as anyone can tell, nobody at Bybit did anything careless. No one clicked a dodgy link or reused a password. They followed their own security rules to the letter — and lost $1.5 billion anyway. That’s the story worth understanding, because it’s the
The Bybit Heist: North Korea Steals $1.5 Billion in Crypto’s Biggest-Ever Hack Read More »
For years, the US government had one consistent relationship with Bitcoin: seize it from criminals, sit on it a while, then sell it — usually at precisely the wrong moment, with the timing instincts of someone flogging umbrellas on the first sunny morning of the monsoon. Then, in March 2025, Washington had a change of
Trump Signs the Bitcoin Reserve Order — America Goes Digital Fort Knox Read More »
October 1–2, 2025 · Marina Bay Sands, Singapore There is something gloriously on-brand about 25,000 people flying to Singapore, taking over a five-floor casino resort complete with ziplines, rock-climbing walls and cold plunges, and then spending two days earnestly agreeing that the wild party is finally over. That, in a sentence, was TOKEN2049 Singapore —
Token2049 Singapore Read More »
