Project hub

Circle

9 pieces · May 2022 to Jun 2026 · 2 flagship

Sectors

Stablecoins6 L1/L24 Regulation3 Market structure2 Hyperliquid1 Perps1

Search every mention All projects and tickers

Coverage per year

22022

22023

12024

22025

22026

Start here · the strongest pieces on Circle

Article16 Jun 2026Coinbase x Hyperliquid and $100 HYPE?AI-assisted scenario analysis of whether Coinbase routes perps to Hyperliquid. Confirmed: Coinbase is HL's USDC treasury deployer; any perps routing is rumor. Puts ~30% on a material catalyst that day and 65-70% on some hybrid integration within 6-12 months.Map10 Sep 2022Stablecoin landscape: centralized, overcollateralized and algorithmic designsMaps stablecoin designs by the trilemma of peg stability, capital efficiency and decentralization: fiat-backed, CDP-based, algorithmic and fractional-algorithmic, with market caps and post-UST risk lessons.Data22 Nov 2024Aptos stablecoin traction: USDC, CCTP and Stripe supportFrames native USDC, CCTP and Stripe crypto support on Aptos as a catalyst, since stablecoin liquidity fuels onchain economies. Stablecoin supply on Aptos is up 25x this year.

Timeline · every piece, newest first

2026 2

16 Jun 2026Coinbase x Hyperliquid and $100 HYPE?AI-assisted scenario analysis of whether Coinbase routes perps to Hyperliquid. Confirmed: Coinbase is HL's USDC treasury deployer; any perps routing is rumor. Puts ~30% on a material catalyst that day and 65-70% on some hybrid integration within 6-12 months.ArticleHyperliquidPerpsMarket structure16 likes

01 Jan 2026Why token launch format matters less than insider extraction and missing rightsArgues Lighter was not hurt by airdrop vs ICO but by alleged shady behaviour, and that tokens without shareholder rights, traded on unregistered venues and diluted by insiders won't attract rational TradFi investors.Market takeMarket structureRegulation29 likes

2025 2

23 Oct 2025TL;DR of a16z State of Crypto 2025 reportCondensed key figures from a16z's report: $4T market cap, $175B in BTC/ETH ETPs, stablecoins at $250B, Hyperliquid and Solana capturing 53% of real economic value, RWAs at $30B, and rising privacy and quantum concerns.DataMacroStablecoinsRWA9 likes

10 Jul 2025Sei native USDC: stablecoin activity up 300% and Giga Sei roadmapSei's native USDC and CCTP V2 follow 300% growth in stablecoin transactions since 2024 and a >100% rise in stablecoin TVL in four months. Giga Sei targets a path to 200k TPS and sub-400ms finality for trading and payments.DataStablecoinsL1/L262 likes

2024 1

22 Nov 2024Aptos stablecoin traction: USDC, CCTP and Stripe supportFrames native USDC, CCTP and Stripe crypto support on Aptos as a catalyst, since stablecoin liquidity fuels onchain economies. Stablecoin supply on Aptos is up 25x this year.DataStablecoinsL1/L266 likes

2023 2

23 Nov 2023Proof of Alpha #20: Blast critique, hybrid zk fraud proofs and CZ plea dealNewsletter edition. Calls Blast a multisig-controlled deposit contract with no real L2 bridge and almost USD 200m in it, argues for hybrid zk fraud proofs as a cheaper stopgap before full validity rollups, and recaps the Binance settlement with $1.3B withdrawn.OtherL1/L2ZKRegulation16 likes

29 Sep 2023Circle CCTP: burn-and-mint native USDC bridging and its centralization trade-offExplains CCTP's burn, attestation and mint flow for native USDC, which avoids lock-and-mint wrapped versions and liquidity fragmentation. Flags that Circle's attestation role creates censorship risk.ExplainerStablecoinsL1/L214 likes

2022 2

10 Sep 2022Stablecoin landscape: centralized, overcollateralized and algorithmic designsMaps stablecoin designs by the trilemma of peg stability, capital efficiency and decentralization: fiat-backed, CDP-based, algorithmic and fractional-algorithmic, with market caps and post-UST risk lessons.MapStablecoinsDeFi12 likes

12 May 2022Who might have attacked UST: speculation on motives and regulationSpeculative follow-up on the UST attacker: capital and sophistication point to an entity, estimated profit near 1bn USD. Considers Citadel and BlackRock as suspects and argues the collapse gives regulators and CBDC advocates the excuse they wanted.Market takeStablecoinsRegulation1 likes

Often covered with

Hyperliquid113 Axelar32 BlackRock12 Binance9 Coinbase11 Lighter21 Solana60 Sei34

Working together

Research, campaigns and builds for deep-tech teams.

View CV A1 Research