The Breakdown
Decoding crypto and the markets. A daily Blockworks newsletter, by Byron Gilliam.

The banking system still processes payments like it’s 1975. Crypto might have a fix.

Asymmetric information is threatening crypto the same way it once threatened equities. Disclosure might be the fix.

Even in today’s fully fiat system, the question of who ultimately stands behind the dollar still matters

The financial backwaters they laughed at might be the only thing keeping the dollar afloat

The best capital markets are open to the most people — and crypto capital markets are open to everyone

Discounted cash flow is as close as you can get to a fundamental truth in the art of financial valuation

This week’s market action seems to suggest that even a 10x increase in tariff rates won’t derail the US economy

Prediction markets show that people bet in anticipation of things happening far too often

A recent Citi report predicted that stablecoin AUM could hit $3.7 trillion by 2030, largely because of institutional adoption
Get the daily newsletter that helps thousands of investors understand the markets.