Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
340 documents
The document summarizes debates at Ethereum’s 2024 Devcon about the network’s identity and long-term direction. It contrasts technical roadmaps, including a proposed overhaul of the consensus protocol, with a broader shared purpose centered on permissionless…
This report surveys crypto hedge funds and venture fundraising through 2023. It describes the market backdrop, fund closures and track records, the concentration of assets among larger managers, and the rebound in hedge-fund assets under management. It…
The document examines BNB Smart Chain’s late-2025 rise in activity, linking it to memecoin trading, launchpad revenue, perpetual-futures competition, and renewed attention from Binance founder Changpeng Zhao. It explains BSC’s role in the BNB Chain…
This report frames memes as cultural ideas whose means of expression and distribution have changed with communication technology. It argues that blockchains extend this history by offering globally accessible, persistent ledgers and peer-to-peer token…
This report explains Ethereum proof-of-stake participation, the main types of stakers, reward sources, protocol penalties, and factors that may change the proportion of ETH staked. Stakers earn issuance, transaction priority fees, and value associated with…
This report analyzes crypto and blockchain venture investment and fund fundraising in 2022. It finds that annual startup investment nearly matched the prior year, but deal counts and capital declined in every quarter after a first-quarter peak. The authors…
The commentary reviews May 2025 developments across crypto markets, lending, and regulation. It reports Bitcoin reaching a new high amid strong spot ETF inflows and elevated perpetual funding, futures basis, and open interest. Ethereum also rose, which the…
This report explains peer-to-peer NFT lending, where borrowers lock NFTs as collateral for ETH loans and accept terms that can include an interest rate, duration, and liquidation threshold. It frames this borrowing as a way for holders to obtain liquidity or…
This quarterly review tracks crypto-collateralized borrowing across centralized lenders, decentralized lending applications, and the collateral-backed portion of stablecoin supply. It compares the recent contraction with the sharper 2022 lending unwind, and…
This report surveys dollar-pegged stablecoins, outlining three broad designs: fiat-backed tokens redeemable through centralized issuers, crypto-backed tokens issued against on-chain collateral, and algorithmic systems that use supply mechanisms and related…
This report reviews the first 150 days of Ethereum blob use after the Dencun upgrade and explains how EIP-4844 gives rollups a separate, temporary data-storage market. It describes blob capacity and fees, how blob-carrying transactions differ from calldata…
The report reviews a shift from crypto market correction to recovery and consolidation, alongside continued deleveraging in crypto-backed lending. It tracks Bitcoin prices, exchange-traded product flows, and CME basis, noting that rising Treasury yields…
This report presents Galaxy Research’s forecasts for cryptocurrency markets and industry developments in 2025, drawing on conditions observed in 2024. Its predictions span Bitcoin prices and exchange-traded product assets, institutional and sovereign…
This report traces Dogecoin from its 2013 launch as a humorous Bitcoin-derived project through its community-driven growth and later speculative surges. It describes the coin’s technical lineage, including its Scrypt proof-of-work roots and subsequent merged…
The commentary explains how bullish sentiment after news about spot Ethereum exchange-traded funds widened front-month BTC and ETH futures basis. It describes a delta-neutral trade: buy spot and short futures to capture the spread as contract prices…
The report surveys cryptocurrency fundraising for registered charities, activist groups, and blockchain public goods. It describes two main channels: centralized donation processors that accept crypto and convert it to fiat, and direct on-chain funding…
The article considers Stripe’s reported agreement to acquire OpenRouter and Ramp’s launch of a competing model router. These services direct requests among multiple AI models according to factors such as task complexity, price, speed, and reliability. The…
The report explains how Bitcoin’s UTXO model and Script govern spending, and why Script’s limited computation and lack of access to global state make complex contracts, bridges, and custody designs difficult. It compares OP_CAT, which could concatenate stack…
The article describes how software, smart contracts, and stablecoin settlement could automate servicing for asset-backed finance facilities. Traditional facilities divide work among servicers, calculation and paying agents, collateral and verification…
The article describes Shielded Bitcoin, a proposed protocol for private BTC transfers on Bitcoin’s base layer without a soft fork or sidechain. It adapts a shielded-pool approach: value is represented by encrypted notes, while transfers publish encrypted…
The article explains a 2021 Presidential Working Group report on stablecoins and its policy recommendations. It describes a proposal to limit issuance, redemption, and reserve management to insured depository institutions, with additional oversight for…
This analysis examines how anticipation of an Ethereum proof-of-work fork affected ETH borrowing and deposits ahead of the Merge. Borrowers could seek to increase their potential allocation of forked tokens by holding native ETH, while lenders withdrew ETH…
The article compares a major exchange wallet exploit with an earlier theft to explain a recurring security pattern: attackers compromise the systems that prepare or approve transactions rather than breaking private-key cryptography. In the Bitget incident,…
This quarterly review assesses Solana’s network, trading markets, and financial applications during a weaker period for crypto activity. DEX volume, application fees, and perpetual futures volume fell, while Solana retained DEX leadership and improved or…