Latest from Benjamin Schiller
The Protocol: Trump Makes More Pro-Crypto Appointments
Also in this issue: Aptos Labs' leadership shift and Sonic's airdrop to TikTok users.

Agents of Evolution: Crypto’s Next Act
On-chain agents combine the best features of memecoins and NFTs into a new asset class that will change the way people use their crypto.

AI Agents Could Form Nation on Crypto Rails
Agentic experiments this year mean that an AI network state may not be far away, says Youbi Capital’s Ivo Entchev.

The Ownership Paradox: Why Blockchain Games Have Betrayed Digital Property Rights
Digital asset ownership is both a defining feature of blockchain games and a significant barrier, reflecting the complexities of blockchain gaming’s evolution.

Bitcoin in Bhutan: Charting Its Own Course of Economic Development
Bhutan is one of the largest sovereign holders of bitcoin. Hyla Fund’s Paola Origel visits and finds a small landlocked country punching above its weight.

Crypto’s Estate Planning Problem: A Wake-Up Call
U.S. tax changes set for 2025 mean digital asset holders should consider strategies to protect their wealth, say Jeff Verdon, Moish Peltz and Kyle Lawrence.

The Risks of Overbuilding Crypto Infrastructure
Unlike previous eras of the internet, Web3 infrastructure has far outpaced applications development. Jesus Rodriguez explains why that could be a problem.

Fed Rate Cut Guidance Will Exceed Wall Street’s Bearish Outlook
The cost of borrowing money will likely continue to drop, underpinning riskier assets like bitcoin, says Scott Garliss.

Decentralization Is Why We Fight for Crypto
Digital asset laws should enshrine decentralization standards, helping to guard against volatility, scams and casino culture, says a16z’s Miles Jennings.

Haliey Welch’s $HAWK Shows Why We Need Better Standards for Memecoins
The saga of Hawk Tuah’s memecoin testifies to the need for governance and transparency in Web3, Azeem Khan says. It’s up to the industry to provide it.

