Blockworks

2 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.co | Byron Gilliam

This is a segment from The Breakdown newsletter. To read full editions, . "We know more than we can tell."- Michael Polanyi on the importance of IRL collaborationHewlett and Packard; Jobs and Woz; Gates and Allen; Page and Brin; Bezos and (the now-forgotten) Kaphan. The history of technology in America is a history of two people incubating whole new industries from a garage. Would any of Hewlett-Packard, Apple, Microsoft, Google or Amazon have been incubated over Zoom?

3 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.

4 days ago | blockworks.co | Byron Gilliam

This is a segment from The Breakdown newsletter. To read full editions, . "The global economy is going to work 100 times better because it's using this new technology that lets us move money in a permissionless, programmable way."- Jesse PollakImagine if Twitter, instead of publishing the world's stream of consciousness in real time, embargoed our posts during the day and released them all at once at 2 am every day.

4 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.