We’ll get back to our regular bi-weekly cadence for Digital Dives going forward, but I wanted to get this one out to coincide with the anniversary discussed below. In addition, last week marked the 15th year since the collapse of Lehman Brothers. I’d be curious to get your thoughts on…

Last week, Vitalik Buterin and other deep thinkers, published an interesting paper called “Blockchain Privacy and Regulatory Compliance: Towards a Practical Equilibrium” in an attempt to address the right to privacy while operating in an open and permissionless environment. The research generated a buzz in the crypto space seeing as…

Last week, PayPal announced their intent to launch a USD-backed stablecoin called PYUSD. This is a big deal and I think it underscores a powerful theme across digital assets that will see considerable growth in projects that are built on public blockchains, but with a clear objective to be compliant…

Dan Morehead and his Pantera Capital are well-respected names across digital and traditional markets. In the wake of FTX’s collapse last year, he wrote a letter that reasserted his commitment to building “a more efficient, decentralized, and open financial ecosystem.” In the same note, Dan explained why he believes that…

The tokenization of traditional financial assets has been hyped since the ICO boom of 2017. However, most of the necessary infrastructure to enable such a trend wasn’t developed until recently and the regulatory environment, while improving, remains murky. In good times and bad, Web3 maintains a community of builders who…

Bitcoin has been winning considerable mindshare lately. For most of 2022 and the early months of 2023, it seemed that the implications of “the burn”, the pivot to proof-of-stake, yield generation, and then enablement of withdrawals of staked ETH meant that Ethereum was most frequently highlighted in the news. There…

I often say that, to me, the most interesting digital assets are stablecoins. Specifically, the centralized and asset-backed variety. I’m drawn to these stores of value because the fixed prices highlight their standing as programmable money. The thesis around stablecoins isn’t about speculation and price going up. Theirs is a…

In a space where wild headlines are the status quo, the digital asset newsfeed in recent weeks has been particularly juicy. Regulatory actions in the U.S. have reached the largest players while some of the most influential brands and storied financial institutions continue rolling out new ways to interact with…

May 2023 marks the one-year anniversary of the Terra/Luna collapse. Taking time to reflect on the events and contagion that followed provides a stark reminder of the volatility and interconnectedness inherent to the market. Leading up to the collapse, Terra’s Anchor protocol offered seemingly stable yields in the 30% range…