This blog is devoted to the latest developments in the crypto space which appear to promise to unlock unrecognized value for crypto investors and traders.
7 Oct 2025 1 minute read 1 comment Sebastian Purcell, PhD
Upon launch, Celestia (TIA) soared to a $20B FDV with a low float and high hopes. The technology was genuinely transformative; it’s the kind of thing that makes VCs use words like “modular” and “revolutionary” while quietly calculating their unlock d...
15 Sep 2025 1 minute read 0 comments Sebastian Purcell, PhD
This is one chart that I think is worth watching. It’s wonky, but stick with me as it’s worth it. What you’re seeing below is the open interest (OI) for Others (in orange), which basically means “everything that isn’t BTC or ETH.” Alongside that, we’...
9 Jul 2025 6 minute read 0 comments Sebastian Purcell, PhD
Sir Isaac Newton revolutionized physics, invented calculus, and explained gravity… but couldn’t figure out how to exit a trade. That’s not a joke. The man who defined motion itself was wrecked by the South Sea Bubble. Here’s how it went: Newton heard...
8 Jul 2025 5 minute read 0 comments Sebastian Purcell, PhD
Let’s talk about the “boring” part of your bubble portfolio: the stability slice. It’s the one that keeps you sane while the rest of your portfolio is out there doing keg stands with meme stocks. Over the past (almost 5) years, our Basic Economic Cyc...
7 Jul 2025 4 minute read 9 comments Sebastian Purcell, PhD
What if you could beat traditional fund managers by slashing volatility and picking up an extra 3% in returns? I know, I know. This is crypto. We’re supposed to talk about 20x gains and yacht parties. But consistently earning 3% more while cutting yo...
13 May 2025 2 minute read 1 comment Sebastian Purcell, PhD
Yesterday, Curve Finance suffered a DNS exploit on their website. The blockchain and all related smart contracts are safe (Twitter Announcement). But DO NOT go to their website until this is fixed or your wallet could be immediately drained. Unsurpri...
7 May 2025 2 minute read 1 comment Sebastian Purcell, PhD
There is a prominent narrative that Bitcoin (in orange) and the S&P500 (in blue) are decoupling--that BTC can rise even if the SPX falls. This is something measurable, so let's try that. We can track the correlation between the two over a 120 day pe...
5 May 2025 1 minute read 0 comments Sebastian Purcell, PhD
Tariff talk has dominated financial headlines because it represents a potential 1.4% (annualized) drag on GDP. But the current administration’s rollout is also freezing capex, targeting migrants, and floating cuts to Medicaid, SNAP, the NSF, and NIH....
29 Apr 2025 3 minute read 0 comments Sebastian Purcell, PhD
Wellness gurus talk up the value of slowing down. That might work for mental health, but slow indicators are worthless, right? Not so fast. Some slow indicators offer something better: (higher levels of) certainty. This is the idea behind our Bitcoin...
28 Apr 2025 2 minute read 2 comments Sebastian Purcell, PhD
Rumors suggest Walmart is already telling Chinese suppliers to ramp up shipping again. They seem to believe Trump may cave on tariffs soon. If so, expect a rally across risk-on assets — from the S&P 500 to alt-coins. Let's break it down. 🧵 1...
