Crypto 2.0

A spate of offensive tweets form DeFi managers has led to ousters and signalled a new, more scrutinous era for crypto.

In the latest sign that Wall Street big shots love crypto, Point72 Ventures, the early-stage investment firm founded by hedge fund billionaire Steven Cohen, has led a $21M funding round in Messari, the crypto market intelligence provider. It is Point72’s first foray into crypto.  Founded in 2018, Messari compiles and analyzes metrics on the ups…

Taxing cryptocurrencies just picked up serious momentum, with potentially serious ramifications for DeFi.  The U.S. Senate’s $1 trillion infrastructure package now under consideration includes a provision that would tax transactions involving Bitcoin and its ilk to raise around $28 billion in funding. That means swapping Ethereum and other DeFi tokens may have to be recorded…

In his famous 2018 talk, The End of The Beginning, Benedict Evans laid out his view on the large-scale phases of the internet. See if you can spot some analogues with crypto: “If we think about the first 20 years of the internet, we really did, kind of, the easy things. It didn’t feel terribly…