Donovan Choy

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

In a market of hundreds of thousands of tokens, crypto liquid funds are turning to fundamental metrics to filter out the investable from the non-investable. Today‚Äôs 0xResearch newsletter is a part two continuation of yesterday‚Äôs edition on how liquid funds are adapting to new structural dynamics. Permissionless IV is hitting Brooklyn on June 24-26. Tix are $499 ‚ÄĒ but refer 5 friends to the 0xResearch newsletter and score a free Permissionless ticket. Scroll down to grab your code.

4 days ago | blockworks-research.beehiiv.com | Donovan Choy |Macauley Peterson

Today’s 0xResearch newsletter tries to diagnose why crypto liquid funds have been flailing. Also, a new slate of non-custodial crypto-linked debit cards are coming our way, and we unpack some research about Hyperliquid’s “endgame.” Permissionless IV is hitting Brooklyn on June 24-26. Tix are $499 — but refer 5 friends to the 0xResearch newsletter and score an exclusive 50% off. Scroll down to grab your code.

1 week ago | blockworks.co | Donovan Choy

We call this industry the "blockchain" industry. But people are fed up with too many chains. If you're launching a new chain in 2025, expect plenty of skepticism on Twitter. It's what all the L1 blockchain raises in the last week had to confront. Camp Network, an intellectual property-focused L1, raised $30 million at a valuation of $400 million. Unto, an SVM-based L1, raised $14.4 million at a valuation of $140 million. Miden, a zk rollup, raised $25 million (undisclosed valuation).

2 weeks ago | blockworks.co | Donovan Choy

Privacy on the blockchain is a nice idea, but it's hard to build. Applications like Railgun on Ethereum enable that today, but it's computationally expensive. You could opt for a chain like Monero, but it lacks smart-contract programmability. So the holy grail of onchain privacy looks a little like this: opt-in privacy, native smart-contract programmability and, ideally, a bridge into the EVM world of DeFi. All while keeping the protocol decentralized.

2 weeks ago | blockworks.co | Donovan Choy

Every traditional asset will eventually be tokenized. Here's BlackRock CEO Larry Fink making the case in his latest 2025 investor letter:"Every stock, every bond, every fund - every asset - can be tokenized. If they are, it will revolutionize investing. Markets wouldn't need to close. Transactions that currently take days would clear in seconds.