Crypto markets, explained properly
No price calls and no predictions. Mechanics: what actually moves supply, how protocols get drained, what backs a stablecoin, and where broker products differ from owning the asset.
Research
Token unlocks and what they do to priceA token unlock is a scheduled release of coins that were locked at launch. The schedule is public, yet unlocks still move prices —…When a dormant Bitcoin wallet movesCoins that have not moved for a decade occasionally shift in a single transaction. These events get reported as market signals. Mo…How DeFi exploits actually happenMost large DeFi losses are not sophisticated cryptography breaks. They come from a small set of repeating mistakes, and legacy con…How stablecoins hold their pegA stablecoin is only as stable as whatever stands behind it. The three main designs fail in entirely different ways, and the diffe…Crypto through brokers versus exchangesBuying coins on an exchange and trading a crypto CFD with a broker look similar on a chart and are structurally different. You own…Bitcoin ETF flows and what they do not tell youDaily spot-ETF flow numbers are the most quoted figure in crypto and the most often misread. A net inflow is not the same as net b…Funding rates, leverage and how cascades startPerpetual futures have no expiry, so an interest-like payment keeps their price tethered to spot. That payment, the funding rate, …Proof of reserves, and the part it does not coverAfter 2022, most large exchanges published proof-of-reserves pages. They are a genuine improvement on nothing at all, and they are…Self-custody or exchange: what you are actually choosingThe slogan is "not your keys, not your coins". The honest version is that you are choosing which failure mode you prefer: counterp…MEV: the cost hidden inside your transactionMaximal extractable value is the profit available from choosing the order of transactions in a block. For an ordinary user it show…