Jun 01
The Desert Crossing
What Capitulation Feels Like From the Inside — And Why It Matters Now
8 min read
Mark Berube
May 22
The Quiet Bank Run Nobody Is Talking About
It’s not 2008. No lines outside branches. But your community bank is bleeding deposits in slow motion, and the people doing it just got federal approval to keep going.
6 min read
May 16
We Connected the Dots
The Senate Banking Committee passed the CLARITY Act 15-9, and Kevin Warsh was confirmed as Federal Reserve Chairman. This letter walks through both events and what they mean for the on-chain settlement infrastructure underneath the Treasury's debt-architecture plan.
22 min read
May 06
The Race Is Now On The Rails. Wall Street Goes On-Chain in October.
Wall Street just published the calendar for on-chain stock settlement. Goldman, BlackRock, JPMorgan, Nasdaq, NYSE — they're all building it together. The headline barely registered.
13 min read
May 02
Narrative Dominance
11 min read
Apr 16
What geopolitical conflict actually does to markets
We went back through 40 years of data to find out. The answer was clearer than we expected.
8 min read
Apr 14
April 2026 Investor Update
Your April 2026 investor update covers two things: the regulatory milestones that defined this month for digital assets, and our current position on BMNR as the asymmetric vehicle for the Ethereum thesis.
10 min read
Apr 04
From Petrodollars to Stabledollars
How America recycled its greatest financial strategy, and why Ethereum sits at the center of it.
10 min read
Mar 27
Quantum Tracker | Regulatory Signal Update - March 2026
The CLARITY Act's longest-running sticking point just cleared. But the more important story is what it's traveling with — and what that means for anyone watching Ethereum as infrastructure.
7 min read
Mar 18
Inflation to Deflation: The Math Behind Ethereum's Coming Supply Shock
The network is issuing more ETH than it's burning. Most people read that as a problem. We read it as a network sitting at the edge of a structural inflection - and we've done the math to show what happens when it crosses.
14 min read
Mar 07
Baby Boomers at War Over Oil. Millennials at Peace with Digital Oil: ETHEREUM
Crude Hit $120. A Deleted Tweet Crashed It. Ethereum Didn't Blink. Here's Why.
11 min read
Mar 06
Understanding Convexity
A Mathematical Framework for Non-Linear Payoffs
12 min read