Donovan Choy

20 hours ago | mail.blockworks.com | Byron Gilliam |Donovan Choy |Ben Strack |Macauley Peterson

The legendary Peter Lynch advised investors to stop following the news. "The person who never bothers to think about the economy, blithely ignores the condition of the market, and invests on a regular schedule is better off than the person who studies and tries to time his investments, getting into stocks when he feels confident and out when he feels queasy." The news has been unusually nauseating this year: trade wars, real wars, recession fears, AI doomerism.

3 days ago | blockworks.co | Donovan Choy

Sei is a L1 blockchain launched in August 2023. A confluence of positive tailwinds have given its native SEI token a monster pump of 85% over the past week. Earlier this week, the Wyoming Stable Token Commission announced the selection of Sei (and Aptos) as the final two candidates for its WYST stablecoin pilot, the first initiative of its kind by a US state. Two other factors are possibly contributing to SEI's price action.

3 days ago | blockworks-research.beehiiv.com | Donovan Choy

It’s day two of Permissionless IV. Twitter is complaining about the 90 degree weather in Brooklyn but that’s an everyday affair for me in Singapore. Anyways, let’s look at why Sei has been pumping so hard in the last couple days. — Donovan ZKsync’s new prover: ZKsync announced its new “Airbender” zkVM yesterday, which will replace its current Boojum prover for all chains in its Elastic Network.

4 days ago | blockworks.co | Donovan Choy

Banks take in deposits to invest a portion in riskier, illiquid assets - that's how they make money. This "borrow short, lend long" business model is otherwise known as fractional reserve banking. As long as not every depositor wants their money at once, everyone's happy!When crisis mode hits and users rush for the exits, the risk models of banks are put to the test. At the heart of the problem is non-transparency around a bank's liabilities and available assets.

5 days ago | blockworks.co | Donovan Choy

We're kicking off this week with a collection of charts around political markets on Polymarket, Maple's unstoppable SyrupUSDC growth, and an ambitious Celestia proposal to leave proof-of-stake behind. Polymarket political marketsPolymarket is back in the limelight amid recent geopolitical conflicts. In the last week, markets in the "Politics" category saw a jump from $3.9 million to $19.5 million in volumes, as denoted by the light blue bars in the chart below. Source: Polymarket.