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.
5,701 documents
This podcast announcement summarizes a broad digital asset outlook attributed to a Standard Chartered research executive. It presents a near-term Bitcoin downside scenario alongside more optimistic longer-term price projections, and discusses Bitcoin’s…
This podcast description summarizes a discussion of Bitcoin and Ether market behavior amid bond-market moves and shifting expectations for Federal Reserve policy. It says Bitcoin approached a new high before rejecting it, institutional buying slowed, and…
This commentary examines whether Bitcoin can behave as a safe-haven asset during geopolitical stress. It compares Bitcoin’s returns after Russia’s invasion of Ukraine and the Hamas attack on Israel with the reported behavior of Treasury bonds, gold, and the…
This podcast episode summary frames Bitcoin as trading within a range amid low holiday volatility and uncertainty about tariffs. The hosts and guest discuss forces they see as supporting prices, including institutional buying on dips, corporate treasury…
The document frames financial technology as a force that changes market structure over time. It traces earlier electronification through episodes such as the 1960s securities paperwork crisis, which helped spur electronic trading and centralized securities…
The document summarizes an analysis of how widespread stablecoin adoption might affect bank deposits and lending. It compares two scenarios: one in which banks keep their current structure and stablecoins enter alongside them, and another in which banks’…
The document sketches yTokens as on-chain, collateral-backed obligations that settle on a specified future date against a target asset. It compares them to zero-coupon bonds: users can buy or sell the tokens to create synthetic fixed-term lending or…
This policy submission argues that proposed UK rules for stablecoins and crypto activities should better accommodate cross-border firms, decentralized protocols, and payment use cases. It calls for clearer coordination with other jurisdictions, a technical…
The essay argues that DeFi lending should be assessed according to its users and market structure, rather than treated as a direct substitute for bank lending. It describes collateralization as a spectrum that trades capital efficiency against risk and…
The article examines how stablecoin payment flows, onchain records, and smart contracts could support asset-backed lending with more efficient monitoring and enforcement. It contrasts earlier undercollateralized crypto lending, which relied on weak onchain…
The paper analyzes how stablecoins regulated under the GENIUS Act could reshape dollar finance. It links reserve requirements to demand for short-dated U.S. Treasuries, then examines how stablecoin growth may be funded by domestic deposit substitution,…
This 2023 commentary argues that crypto activity alone does not explain the U.S. bank failures and stress then unfolding. It points instead to rapid interest-rate increases after a low-rate period, unrealized losses on fixed-income holdings, concentrated…
This essay argues that digital assets have opened the possibility of competition among monetary standards, challenging systems in which governments control money issuance. It describes money through three functions—unit of account, medium of exchange, and…
This short market update reports two developments: U.S. spot bitcoin exchange-traded products recorded their largest daily net inflow of 2026, turning year-to-date flows positive, while the 10-year U.S. Treasury yield reached a level not seen in nearly two…
This report uses on-chain measures to assess tokenized real-world assets, DeFi participation, and Ethereum activity through February 2024. It finds that RWA token market capitalization reached reported highs, while RWAs were losing share as collateral in…
This report surveys the expansion of non-stablecoin real-world assets represented on-chain in 2023, focusing on private credit, real estate, and Treasuries or other bonds. It attributes rising demand to higher traditional interest rates and weaker…
The report maps how non-crypto companies and financial institutions are building crypto-specific products on Ethereum and its Layer 2 networks. It highlights tokenized real-world assets, including money market funds and bonds, as well as corporate…
The commentary reads March’s Bitcoin market through perpetual funding rates and the three-month futures basis. After a rally sparked by a policy announcement faded, funding stayed subdued or turned negative on major venues, while the basis narrowed. The…
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…
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 report describes crypto’s June 2026 decline as driven mainly by macroeconomic pressure and investment flows, while lending markets remained orderly. It cites large Bitcoin ETF outflows alongside continued accumulation by large holders, stable DeFi…
This report describes how MakerDAO, Frax Finance, and Aave incorporated off-chain assets into decentralized finance. It groups the uses into collateral for stablecoins, yield products for users, and treasury management that can generate protocol revenue.…
The article argues that stablecoin growth is driven by savings demand in emerging markets, cross-border payments, and access to DeFi yields. It uses examples of dollar access in countries facing inflation or capital controls, payment-volume estimates, and…
This article describes an introductory online course on momentum trading offered through B3’s education platform in partnership with QuantInsti. It presents the course as suitable for learners with basic Python knowledge and says the material covers…