This is a segment from The Breakdown newsletter. To read full editions, subscribe. “There’s a belief that the world’s GDP is somehow limited at $100 trillion. AI is going to cause that $100 trillion to become $500 trillion.” — Jensen Huang In 1901, US Steel became the first $1 billion company — “an almost unthinkable…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Today’s coverage takes stock of where capital actually went as we move through the end of the year. First, we start with index readings that show a continued rotation into large, proven crypto infrastructure while speculative sectors continue to unwind. Then we…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Crypto and risk assets continue to show weakness heading into year-end, not adding to the holiday spirit. Risk assets are in search of a floor, driven by fundamental flows supported by ETFs or protocol buybacks. Indices This week closes out with continued…
This is a segment from The Breakdown newsletter. To read full editions, subscribe. “I don’t get it. I still don’t get it.”— Tom Hanks, Big At a holiday dinner last night, I was asked to explain crypto to someone who is so new to the topic they had not previously heard of Ethereum. I did…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. This Wednesday, BTC outpaced stocks as launchpads rose. More importantly, this week’s update highlights a clear structural shift in how crypto markets are being distributed. We also take a look at M&A and fundraising over the past year, and note the drastic…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. We start with a risk-off tape across tech, crypto and miners, then zoom in on Robinhood’s prediction market roadmap. Indices Markets closed with a clear risk-off tone yesterday. Gold was the lone bright spot, finishing up 0.8%, while the S&P 500 ended…
This is a segment from The Breakdown newsletter. To read full editions, subscribe. “A great challenge of life: Knowing enough to think you are right, but not knowing enough to know you are wrong.” — Neil deGrass Tyson “Ideas are so fragile,” Sir James Dyson reflected in a recent interview. He would know, given the…
This is a segment from The Breakdown newsletter. To read full editions, subscribe. “There was no lightbulb moment in the story of the lightbulb.”— Steven Johnson, How We Got to Now The lightbulb has come to be associated with serendipitous flashes of inspiration — the moment when a fully formed idea pops into an inventor’s…