Explainers
How to Invest in Starlink: The SpaceX Ticker
Starlink is a division of SpaceX, not a separately traded company. Since SpaceX listed on Nasdaq in June 2026, buying its shares is the only way to hold Starlink exposure.
Alex Nin
Explainers
Stablecoin Regulation Is a Stack, Not One Rule
US stablecoin regulation is not one statute. It is a stack of reserve, AML, sanctions, and custody obligations from four different agencies, and each binds a different party.
Explainers
Market Surveillance on a Public Ledger
On a public blockchain you can watch every trade and transfer in real time, yet the identity behind each wallet stays hidden. That inversion changes what market surveillance can and cannot catch.
Explainers
The CLARITY Act Is a Turf War Over Crypto
The CLARITY Act does not approve or ban crypto. It decides which regulator, the SEC or the CFTC, oversees which digital asset, and that jurisdictional line is the whole point.
Explainers
Tokenized Funds: The Fund Plumbing They Replace
A tokenized fund is a mutual fund or money market fund whose shares live as blockchain tokens. Here is how that swaps out the transfer agent, reconciliation and settlement plumbing underneath.
Explainers
SpaceX Valuation: From Tender Offers to $1.98T
For years SpaceX had a price only a handful of insiders could see. Then it listed on Nasdaq at the largest IPO in Wall Street history. Here is how its valuation was set before and after the bell.
Explainers
B2B Stablecoin Payments: The Fastest-Growing Slice
Business-to-business is the smallest of the four stablecoin payment flows by value and the fastest-growing, and it clusters in a handful of cross-border corridors.
Explainers
Crypto Lending: Who Lends, Who Borrows, and Why
Crypto lending is three different businesses wearing one name. We break down who sits on each side of the loan and how custody, liquidation and counterparty risk differ.
Explainers
xStocks: Tokenized Stocks You Don't Legally Own
xStocks track real shares 1:1 but they are not the shares themselves. That legal structure is why they trade outside the US and plug into DeFi.
Explainers
KYCC: Knowing Your Customer's Customer in Stablecoins
KYCC is the obligation to look one layer past your direct customer. For a stablecoin issuer whose direct customer is an exchange, that gap is where risk hides.
Explainers
The GENIUS Act: What Stablecoin Issuers Must Prove
The GENIUS Act moved stablecoins from a regulatory gray zone to a federal rulebook. The obligations it created on reserves, monthly disclosures, and redemption rights are what changed institutional appetite.
Explainers
Tokenized Money Market Funds: Three Funds, Three Businesses
Tokenized money market funds now hold $17.3B onchain, but funds of similar size run completely different businesses. Here is what the wallet data reveals.