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Why prediction markets matter
A prediction market price can be interpreted as a probability sensor: an estimate of aggregate beliefs about the likelihood of an event
A guide to perpetual futures: How they work and why they're growing so quickly
Perpetual futures are going mainstream, fueling always-on leveraged trading, DEX growth, and a new wave of market infrastructure.
Your guide to the next internet
Weekly writing on crypto, blockchains, and the technologies underpinning the next generation of the internet
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Why prediction markets matter
A prediction market price can be interpreted as a probability sensor: an estimate of aggregate beliefs about the likelihood of an event
A guide to perpetual futures: How they work and why they're growing so quickly
Perpetual futures are going mainstream, fueling always-on leveraged trading, DEX growth, and a new wave of market infrastructure.
Some books we're reading this summer 2026
Our summer 2026 reading list, featuring team recommendations across technology, history, science fiction, economics, energy, biology, memoir, mystery, and more.
If you yell about everything, you're heard about nothing
Startup comms runs at a permanent fever pitch. Every launch is momentous. Every setback is the end of the industry. The volume knob has been snapped off at eleven.
The Financial Super App
How Vlad Tenev turned a $0-commission idea into one of the most ambitious financial platforms of his generation.
Leslie Lamport on the Science of Distributed Systems
Before blockchains could reach consensus, Leslie Lamport had to define what agreement even meant when computers fail, lie, or disappear.
The State of Crypto Report 2025
Our annual deep-dive into the metrics, trends, and narratives shaping the crypto ecosystem. From onchain activity to regulatory shifts — the numbers tell a story.
How stablecoins are reshaping global payments
Stablecoins have moved from niche DeFi instruments to critical payment rails. We explore how this shift is happening and what comes next.