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.
5,922 documents
The report reviews crypto and blockchain venture activity in 2024, with a focus on Q4 deal volume, invested capital, funding stages, valuations, sectors, and company locations. It relates venture activity to Bitcoin’s price and argues that weaker allocator…
The report examines Robinhood Chain, an Ethereum Layer-2 built with Arbitrum Orbit, and asks whether Robinhood’s customer distribution can generate lasting onchain use. It describes the chain’s design, including Ethereum settlement and data availability, ETH…
The report assesses the 2026 prospects for U.S. crypto market-structure legislation, describing the bill’s House passage, Senate committee negotiations, and steps still required before enactment. It outlines proposed regulatory boundaries between the SEC and…
This investment perspective argues that Bitcoin’s monetary role could be extended by adding expressive Layer-2 applications. It describes Citrea as an EVM-compatible zero-knowledge rollup intended to use Bitcoin as a settlement and data-availability layer.…
The report explains how rollups move transaction execution off Ethereum while relying on the mainnet for consensus, data availability, and settlement. It contrasts optimistic rollups, which assume batches are valid unless challenged, with zero-knowledge…
The report explains how binary event shares encode market-implied probabilities: a share pays according to whether a defined outcome occurs, and its price can be read as an estimate of that outcome’s likelihood. It describes prediction markets’ development…
The commentary links February 2025’s Bitcoin decline to compressed futures basis, ETF withdrawals, and a broader retreat from risk. It reports that CME basis stayed below 10% annualized for most of the month and reached 4.08%, while ETF outflows persisted…
The article interprets leadership changes at Base and Coinbase as a retreat from creator coins and onchain social products, with renewed emphasis on trading, payments, and AI agents. It argues that turning posts into tradable tokens produced scattered…
The article explains Hyperliquid’s governance vote to award the USDH ticker to a stablecoin issuer aligned with the network. It describes the onchain voting process, stake-weighted participation, quorum requirements, and the tight proposal timeline. The vote…
The report examines the Ethereum Foundation’s workforce and budget reductions alongside leadership departures, a narrower mandate centered on protocol stewardship, and the rise of independent organizations focused on research, applications, interoperability,…
This 2021 market overview assembles ten indicators that the authors interpret as evidence of rapid crypto-sector growth. It discusses bitcoin’s rally and mixed behavior as both a risk asset and possible inflation hedge, mining-hashrate migration to the…
The report introduces decentralized training as an effort to use permissionless networks of geographically dispersed compute providers to train or post-train foundation models. It distinguishes this approach from distributed training, where geographically…
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 report explains a sharp rise in Ethereum validator exit requests in July 2025, attributing much of it to a spike in ETH borrowing costs on Aave. Reduced ETH supply on the lending platform raised rates, making leveraged staking loops unprofitable. Traders…
The document analyzes an August 2023 IRS proposal interpreting which digital asset businesses count as brokers for tax reporting. Its central concern is a two-part test: whether a service facilitates digital asset sales and whether its operator is in a…
The report interprets changing supplies of USDT and USDC as clues about crypto market positioning. It associates renewed USDT growth with offshore on-ramps and returning interest in crypto, while treating declining USDC supply and reduced Aave lending and…
The report frames lending yields on stablecoins in Compound, Aave, and Yearn as an emerging DeFi benchmark rate. It explains how that rate can affect both sides of adoption: higher deposit yields may attract savers but make borrowing costly, while lower…
This design case study addresses how wallets and applications can distinguish multiple versions of the same asset after it moves across chains through different bridges. Because bridged tokens may not be interchangeable, inconsistent names and icons can…
This conference report uses ETHDenver 2023 programming and discussions to describe the state of Ethereum development. It observes a broad ecosystem spanning decentralized finance, infrastructure, public goods, NFTs, and community projects, with side events…
The report examines how game economies have evolved and considers where blockchain assets might fit. It argues that gameplay should remain the main draw, with tokens and NFTs serving specific functions such as portable achievements, player reputation,…
The document introduces zero-knowledge proofs (ZKPs) as a way for a prover to demonstrate that a claim is true without exposing the underlying personal data. It uses identity checks as its main example: someone could establish that they meet an age,…
The document explains how detailed blockchain data can support trading, risk monitoring, and market analysis in decentralized finance. Public transactions and positions offer transparency, but raw metrics can mislead when they double-count activity or use…
The article reviews SEC staff FAQs on crypto asset classification, investment contracts, and token buybacks. It explains the staff’s distinctions for staking receipt tokens and wrapped-token receipts, including whether an instrument simply evidences…
The report examines Aave V3 Core’s e-mode lending book, where borrowers use correlated assets as collateral and borrow related assets at preferential loan-to-value limits. It explains how looping can amplify exposure and identifies two main stress paths:…