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.
3,101 documents
This report describes how underbanked people interviewed by the authors use crypto for peer-to-peer payments, cross-border transfers, receiving client payments, and saving. Participants said they valued perceived control over their assets and described…
This document sets out proposed principles for legislation governing crypto market structure, with an emphasis on preserving DeFi and open innovation. It proposes treating most crypto assets as digital commodities while leaving tokenized securities within…
The paper describes Gradual Dutch Auctions (GDAs), a mechanism for selling assets without relying on existing market makers. A GDA represents a sale as a sequence of virtual Dutch auctions whose prices decline over time. The discrete version suits NFTs or…
The report assesses how the 2024 election results might change U.S. digital-asset policy and institutional participation. It expects a more supportive executive branch and Congress to influence bank regulators, the SEC and CFTC, and future legislation on…
This report surveys the development of Bitcoin Ordinals through 2023, covering inscription growth, wallets and marketplaces, token standards, rare satoshis, and recursive inscriptions. It compares image-based minting and trading activity with NFT activity on…
The report explains Bitcoin’s scheduled halving, which cuts the block subsidy every 210,000 blocks, and describes how issuance and the annualized inflation rate change at the fourth halving. It outlines how Bitcoin Core encodes the reward schedule and how…
The article traces stablecoin use from crypto trading and dollar access to remittances and retail payments. It describes stablecoin-backed cards as a way for consumers to spend digital assets through familiar merchant networks, even where merchants do not…
The document estimates how a U.S. spot Bitcoin ETF could widen investor access and affect Bitcoin demand. It argues that ETFs may offer lower fees, better liquidity and tracking, familiar brokerage access, and regulated custody compared with existing…
This research describes how low-cost token launchpads, especially Pump.fun on Solana, expanded memecoin issuance and reshaped trading. It frames memecoins as cultural assets traded on attention cycles rather than cash flows, and discusses their role as an…
The report estimates potential demand for US spot Ether exchange traded products by using Bitcoin ETF flows as a benchmark. It compares Bitcoin and Ether market capitalization, futures activity, and fund assets, then applies a relative-size range to Bitcoin…
The article presents a framework for assessing Bitcoin’s position in its market cycle by comparing spot price with three model groups. Ceiling indicators, often based on long-term moving averages, flag prices extended above historical trends; onchain…
The report assesses Bitcoin’s sharp decline from its October 2025 high and argues that continued weakness could lead to tests of lower support zones. It combines historical drawdown behavior with technical levels, including the 50-week and 200-week moving…
The document explains how Ethereum’s planned Merge would replace proof-of-work mining with proof-of-stake validators. It expects the transition to sharply reduce electricity use while leaving ordinary transaction and application experiences largely…
The article considers why Bitcoin traded nearly flat despite several negative developments: a hardware wallet exploit, Bitcoin sales by Strategy, and reduced prospects for U.S. crypto market structure legislation. It argues that the wallet losses affected a…
The document explains why public companies that hold bitcoin can trade at substantial premiums to the value of their BTC per share. It defines the NAV premium and mNAV, then describes how public market access lets these firms raise equity and debt to buy…
This August 2022 market note evaluates Bitcoin’s position below its 200-week moving average and realized price, levels the authors viewed as historically useful for long-term investors. It identifies the prior cycle low and 300-week moving average as…
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…
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…
This analysis reviews exchange proposals to create a faster route for listing crypto exchange-traded funds. It explains three proposed eligibility paths: trading on an Intermarket Surveillance Group member market, having a regulated futures contract with at…
This article reviews El Salvador’s 2021 decision to make Bitcoin legal tender alongside the US dollar and describes the rollout of the Chivo wallet, Bitcoin ATMs, a signup incentive, and Lightning Network services. It traces the policy’s roots to Bitcoin…
The note estimates potential selling pressure when Ethereum’s Shanghai upgrade enables withdrawals of staked ETH and accumulated validator rewards. It distinguishes partial withdrawals of rewards from full withdrawals of principal and explains that full…
The article introduces Bitcoin’s transaction ledger, UTXO accounting, public nodes, and Proof of Work consensus. It explains how miners compete to find a valid nonce, how difficulty targets regulate block production, and how block rewards and transaction…
This tutorial explains a Python workflow for retrieving cryptocurrency market data from CryptoCompare. It describes authenticating with an API key, listing available coin tickers, and requesting historical prices at daily, hourly, or minute intervals. The…
The article introduces altcoins as cryptocurrencies other than Bitcoin and describes how they emerged to offer different features, address perceived limitations, or serve particular purposes. It discusses smart contracts and decentralized applications,…