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Feature
381 posts
The integrity build: Inside prediction markets’ new police
In eighteen months, the prediction market industry has assembled the surveillance apparatus that took stock exchanges decades: named…
XRPL is building what it refused. Xahau built it first
In 2023 a group of developers forked the XRP Ledger because its validators would not adopt smart contracts.…
Robinhood bought a license. Kalshi had built a business
For a year Robinhood was Kalshi’s largest distributor. Then it bought a CFTC-licensed exchange off the shelf, put…
Ripple bought a bank in pieces. Here is the $4 billion audit
While the market watched the token, the company spent $4 billion assembling what it was never granted: custody,…
Tether funded both sides of its own chain war
The world’s largest stablecoin issuer pays roughly $2.9 billion a year in fees to blockchains it does not…
Wall Street’s newest short desk is a blockchain
When SpaceX went public, the only place most of the world could short it was Hyperliquid, where a…
The exchanges bought the bookies. Now comes the data war
The New York Stock Exchange’s parent just completed a $2 billion bet on Polymarket. Kalshi raised a billion…
If CLARITY passes, here is what Monday morning looks like
Some provisions fire at signature. The rest wait years for two short-staffed agencies. The two-speed map of crypto’s…
Strategy stopped buying Bitcoin. The flywheel runs backward
Four weeks without buying, two spent selling, and stock sales funding cash instead of coins. Inside the reversal…
The banks hired lawyers to stop Ripple’s bank
JPMorgan’s lobby retained counsel against the OCC over crypto trust charters. No suit filed, and the threat is…