KKDEMIAN
Research terminal · updated weekly

Crypto market structure, written up as a searchable research library

Exchanges, perp DEXs, stablecoins, L1/L2, RWA, AI × Crypto — tracked over time, taken apart one by one, kept current.

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3,082
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DATE
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2026-11-02
Pearl (PEARL / PRL): proof-of-useful-work shipped, and the token is racing its own inflation
2026-11-02
One Ticker, Four Legal Structures: What You Actually Own in a Tokenized Stock
2026-11-02
Every Binance breach, from $41M to $6.3B: eight years, five incidents, and these 96 hours
2026-11-02
Hyperliquid (HYPE): can regulated distribution become an ecosystem moat?
2026-10-31
Two instruments barely move, yet the group turns faster than the book: the physical bottleneck of AI
2026-10-31
Korea Is Bet On Four Times Over, and Half of It Is Not in This Group
2026-10-31
Diversification only paid at the index level: broad-market and equipment names on bStocks
2026-10-31
An Exchange Tokenizes Crypto Treasury Companies: Four Layers of the Same Exposure, and the Coldest Group on the Book

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