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Deep Dive

crypto

+3

Your Stablecoin Earns Interest. Who's Pocketing It?

Oct 4, 2026

•

5 min read

Your Stablecoin Earns Interest. Who's Pocketing It?

The yield ban can protect cheap bank funding. A wider rewards ban could also leave more interest with issuers and exchanges.

James Smith
James Smith

Deep Dive

+2

Telcos Are Trying to Become Banks Again

Sep 28, 2026

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17 min read

Telcos Are Trying to Become Banks Again

A few years ago Orange gave up on its bank after spending roughly a billion euros building it. Now telcos are trying again, this time they are being handed licences.

James Smith
James Smith

Deep Dive

+1

What Happens When Your Digital ID Is Switched Off?

Sep 20, 2026

•

5 min read

What Happens When Your Digital ID Is Switched Off?

Digital identity keeps getting better at proving who you are. The harder questions start when it says no, and when a business needs to prove who is allowed to act.

James Smith
James Smith

Deep Dive

+1

Blockchain Makes FX Cheaper. It Doesn't Make Liquidity Free.

Jul 27, 2026

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5 min read

Blockchain Makes FX Cheaper. It Doesn't Make Liquidity Free.

A €10 million payment shows why the ledger is the cheap part, and why local cash, compliance and payout infrastructure still set the price.

James Smith
James Smith

Deep Dive

+1

Robinhood's Real Competitor Is DTCC, Not Base

Jul 17, 2026

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6 min read

Robinhood's Real Competitor Is DTCC, Not Base

Everyone is comparing Robinhood Chain with Base. They may be looking at the wrong company.

James Smith
James Smith

Deep Dive

+1

Swift Never Moved Money. Its New Blockchain Doesn't Either.

Jul 12, 2026

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7 min read

Swift Never Moved Money. Its New Blockchain Doesn't Either.

Seventeen banks are preparing to move commitments on to Swift's blockchain.

James Smith
James Smith

Deep Dive

+1

Follow the Float: Who Earns the Yield on OUSD

Jul 8, 2026

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8 min read

Follow the Float: Who Earns the Yield on OUSD

One hundred dollars, followed through OUSD and what moving the float from the issuer to 140 distributors actually does.

James Smith
James Smith

Deep Dive

+1

AI Agents: Paid Web for Machines

May 31, 2026

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11 min read

AI Agents: Paid Web for Machines

Agent payments are not about cheaper transactions.

James Smith
James Smith

Deep Dive

+2

Stablecoins, Productized

May 24, 2026

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13 min read

Stablecoins, Productized

Stablecoins is a layer cake

James Smith
James Smith

Deep Dive

+2

Stripe Is Trying to Make Crypto Disappear

May 9, 2026

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21 min read

Stripe Is Trying to Make Crypto Disappear

James Smith
James Smith

Deep Dive

+2

Central Banks Are Already Using Ethereum. They Just Don't Call It That.

Apr 25, 2026

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15 min read

Central Banks Are Already Using Ethereum. They Just Don't Call It That.

The honest answer to a central bank asking about PoA, PoS, and the client decision that actually matters.

James Smith
James Smith

Deep Dive

+1

Which Blockchain Will AI Choose?

Apr 9, 2026

•

8 min read

Which Blockchain Will AI Choose?

Enterprise Onchain

James Smith
James Smith

Deep Dive

+1

Blockchains biggest upgrade: zkEVM

Apr 1, 2026

•

9 min read

Blockchains biggest upgrade: zkEVM

What Is zkEVM

James Smith
James Smith

Deep Dive

+1

Tether Is Not a Stablecoin Company (Deep Dive)

Mar 26, 2026

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16 min read

Tether Is Not a Stablecoin Company (Deep Dive)

The $10 Billion Machine Nobody Updated Their Mental Model For

James Smith
James Smith

Deep Dive

+1

The End of Treasury Forecasting

Mar 16, 2026

•

8 min read

The End of Treasury Forecasting

Enterprise Onchain

James Smith
James Smith

Deep Dive

+2

Why Banks Stopped Fearing Stablecoins

Mar 9, 2026

•

9 min read

Why Banks Stopped Fearing Stablecoins

Enterprise Onchain

James Smith
James Smith

Deep Dive

+1

🤖 Agents Are Paying Each Other $43M

Mar 5, 2026

•

2 min read

🤖 Agents Are Paying Each Other $43M

Enterprise Onchain

James Smith
James Smith

Deep Dive

+2

Rain.xyz: The Stablecoin Settlement Layer

Feb 26, 2026

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14 min read

Rain.xyz: The Stablecoin Settlement Layer

The Startup That Eliminated the Sponsor Bank

James Smith
James Smith

Deep Dive

+1

Stablecoins: The Hidden Fragility

Dec 17, 2025

•

4 min read

Stablecoins: The Hidden Fragility

Why technology will not determine who wins

James Smith
James Smith

Deep Dive

+1

Ethereum’s “Next Decade” Is Looking Very Different

Aug 11, 2025

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1 min read

Ethereum’s “Next Decade” Is Looking Very Different

From Scrappy vision to internet backbone

James Smith
James Smith

Deep Dive

+1

THE INVISIBLE INFRASTRUCTURE PLAY

May 25, 2025

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4 min read

THE INVISIBLE INFRASTRUCTURE PLAY

Ethereum's Long-Term Value Capture Vision

James Smith
James Smith

Deep Dive

+1

Tokenization’s $30T Future—Here’s What You Need to Know

May 15, 2025

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3 min read

Tokenization’s $30T Future—Here’s What You Need to Know

Wall Street Is Moving Fast on Tokenization—Are You Ready?

James Smith
James Smith

Deep Dive

+1

TradFi Tomorrow Report: How DeFi Is Revolutionizing Financial Services

May 8, 2025

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3 min read

TradFi Tomorrow Report: How DeFi Is Revolutionizing Financial Services

DeFi is Not Just a Fad – It’s Poised to Transform Traditional Finance

James Smith
James Smith

Deep Dive

+2

How the U.S. Dollar Stole the Show—And Why Stablecoins Might Be Next

May 5, 2025

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5 min read

How the U.S. Dollar Stole the Show—And Why Stablecoins Might Be Next

Enterprise On-Chain

James Smith
James Smith

Deep Dive

+1

Blockchain Performance: Why Ethereum's "Slowness" Is Actually Its Strength

May 2, 2025

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4 min read

Blockchain Performance: Why Ethereum's "Slowness" Is Actually Its Strength

In the race for blockchain supremacy, "speed" has become the metric du jour.

James Smith
James Smith
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Enterprise Onchain

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