Section

Market Trends

Structural shifts in the market — liquidity, regulation, institutional participation and infrastructure. Analysis, never price prediction.

How crypto market makers work: spreads, inventory risk, retainer versus loan-and-option deals, and why the contract structure…

Priya Venkataraman·August 6, 2026·4 min read

Why on-chain metrics mislead: addresses are not users, volume is not economic activity, and the clustering assumptions behind…

Priya Venkataraman·August 6, 2026·3 min read

How crypto custody works: omnibus versus segregated accounts, qualified custodians, multi-party computation, and what actually…

Priya Venkataraman·August 6, 2026·4 min read

What proof of reserves actually demonstrates: assets versus liabilities, Merkle tree inclusion, the omitted-liability problem and…

Priya Venkataraman·August 6, 2026·4 min read