The Crypto Atlas

In-depth explainer on funding in crypto, covering venture raises, Ethereum dev financing, stablecoin yields, funding rates, onchain repo, quadratic funding, MEV, AI capital flows, and how these mechanisms shape risk, incentives, and market structure.

Deep explainer on Series A funding in crypto, unpacking structures, preferred stock, dilution, and recent stablecoin, payments, AI and UK deals to show how venture capital now backs Web3’s core financial infrastructure.

Crypto can widen access to pre-IPO price exposure, but it cannot manufacture equity. The durable test is whether an instrument delivers shares, a contractual claim, or merely a wager on price.

Deep explainer on how research works in crypto and AI: from on-chain data, DeFi and lending gaps to agentic trading, institutional reports and DYOR in an AI age, with Bitcoin, Ethereum and next-gen chains as case studies.

In-depth explainer on Strategy, the Bitcoin-focused public company behind MSTR and STRC. Covers its Bitcoin treasury model, funding flywheel, STRC depeg, market impact, investor exposures and evolving risks in Bitcoin-linked yield products.

OPEN is a permissionless, equal-weight onchain index of leading DeFi stablecoin networks, built on Reserve Protocol's DTF standard and governed by the vote-locked SQUILL token. A guide to its methodology, rebalances, airdrop, and Curve ties.

The S&P 500 is becoming more than crypto’s benchmark competitor. It is a macro signal, a hedging market, and an increasingly composable form of equity exposure whose offchain dependencies remain essential.

South Korea is a top-tier crypto market shaped by the Upbit-Bithumb duopoly, a delayed capital gains tax debate, VAUPA regulation, stablecoin expansion by major banks, and increasingly sophisticated enforcement against laundering and DEX manipulation.

Deep explainer on equities for crypto natives, covering how stocks work, ETFs, tokenized equities, onchain RWA infrastructure, SEC rules, and how Binance, Coinbase, Securitize, Nasdaq–Kraken and others are merging TradFi and DeFi.

Explains what stocks are, how equity markets work, and why they matter to crypto investors, then dives into tokenized stocks, DeFi collateral, Coinbase and Binance offerings, ETFs, regulation and the growing overlap between traditional equities and onchain markets.

In-depth explainer on Metaplanet, Japan’s Bitcoin-first public company. Covers its BTC treasury strategy, zero-coupon bonds, Siiibo acquisition, venture and asset arms, accounting risks, and how it’s reshaping Bitcoin finance in Japan.

In‑depth explainer on private credit and its move onchain, covering TradFi origins, tokenized RWAs, key protocols, tokenomics, data and legal risks, and how this trillion‑dollar asset class is reshaping DeFi yields and collateral.

A corporate Bitcoin treasury holds BTC as a primary reserve asset instead of cash. This explainer covers how the model works, who pioneered it, who has copied it, and where it fails.

Deep explainer on how SpaceX’s IPO, Bitcoin holdings, AI push and record launch capacity intersect with tokenized stocks, Hyperliquid perps and multi‑chain RWAs, making SPCX a flagship real‑world asset for crypto markets.

CZ‑backed YZi Labs is a multi‑stage family office investing across Web3, AI and biotech, blending BNB‑centric crypto bets with AI edtech, RWA and DeSci, anchored by global incubation, campus scouts and creator networks.

In-depth explainer on STRC, Strategy’s Bitcoin-backed, variable-rate preferred stock. Covers mechanics, AI-designed structure, digital credit ecosystem, depeg episodes, risks, and how STRC compares to BTC, equity, and DeFi yield.

How U.S. jobs data moves Bitcoin prices, why AI is reshaping crypto hiring, and what Coinbase, Kraken layoffs and regulatory battles mean for the industry's workforce in 2025–2026.

Perpetual futures dominate crypto derivatives—here's how they work, who's building them (Hyperliquid, Coinbase, PancakeSwap), and how perps are expanding into stocks, pre-IPO equity, and AI-driven trading.

Securitize is the leading regulated infrastructure provider for tokenized securities, serving BlackRock's BUIDL fund and $3.4B in RWA assets across Ethereum, Solana, and TRON while pursuing a NYSE public listing.

Deep explainer on Nasdaq’s structure, tech bias, and evolving role in crypto—from bitcoin ETFs and crypto‑linked equities to tokenized collateral, RWAs, and DeFi perps tied to QQQ—framed for digital asset investors and traders.

Explainer on crypto delisting: how and why exchanges remove tokens, impacts on liquidity and pricing, differences from stock delistings, effects on USDT pairs, WBTC and stablecoins, legal and EU angles, and how traders can navigate and manage delisting risk.

Arthur Hayes is the BitMEX co-founder and Maelstrom fund manager whose macro-driven Bitcoin thesis, public altcoin trades, and AI deflation warnings make him one of crypto's most watched — and debated — voices.

Michael Saylor is Strategy's executive chairman and architect of its $60B Bitcoin treasury model — a capital-markets flywheel involving equity, preferred stock, and convertible debt that has made the firm crypto's most debated public company.

A comprehensive guide to crypto metrics — MVRV, TVL, fees, validator distribution, and more — explaining what each measures, how to use them together, and where they can mislead.

In-depth explainer on crypto volatility, covering Bitcoin and Ethereum cycles, realized vs implied volatility, CME’s new Bitcoin Volatility futures, DeFi and AI token risks, and how traders and institutions measure, trade, and manage crypto market swings.

In‑depth overview of Bernstein’s role in crypto, covering its Bitcoin research, USDC and Circle views, Coinbase and Robinhood coverage, prediction market and AI‑miner theses, and how its regulatory and risk framing shapes institutional narratives.

In-depth explainer on crypto market structure, from classical theory to DeFi and derivatives, and how U.S. bills like the CLARITY Act, stablecoin rules and tokenization pilots are reshaping trading, banking links and regulation.

Tom Lee, Fundstrat co-founder and BitMine chairman, built one of crypto's largest corporate ETH treasuries—over 5.5M ETH—while maintaining bullish macro commentary on Ethereum through sharp 2026 drawdowns.

Liquidation in crypto forcibly closes leveraged positions when collateral falls below required thresholds — a mechanism that can cascade across Bitcoin, Ethereum, and DeFi markets, erasing billions in minutes.

In crypto, leverage lets traders and DeFi users borrow against collateral to amplify exposure to assets like Bitcoin and USDC. This explainer unpacks margin, liquidation, DeFi loops, and regulation so readers can use leverage more safely.