
The Fat Protocol Thesis Is Dead
Why distribution—not protocol ownership—is becoming crypto’s scarce layer.
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Sunday, 30 August 2026

Why distribution—not protocol ownership—is becoming crypto’s scarce layer.
Read the story →
SEC staff cleared token buybacks and liquid staking once a network works. The catch: each issuer defines 'works,' and a future SEC can undo it.
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How stablecoins are rebuilding global finance and commerce.
Read the flagship reportCompare 120 banks and financial institutions across eight observable capabilities.
120 institutions8 capabilitiesEvidence-linked scoringUpdated monthly
JPMorgan Chase
94
BNY
88
Standard Chartered
88
Deep conversations with investors, builders, and regulators for a first-hand perspective.