Stablecoins: Competition, FX, and Agents
Stablecoins are entering a new competitive landscape. The USDH governance process on Hyperliquid showed how platforms can redirect annualized reserve yield away from issuers, reshaping the economics of stablecoin markets. At the macroeconomic level, stablecoins are both extending dollar dominance globally and weakening local monetary sovereignty. Over 99% of the market is U.S. dollar-denominated, and […]
Weekly Market Pulse: July 11, 2025
By Greysen Cacciatore, Research Associate | X | Linkedin Welcome to the OV Market Pulse — your weekly snapshot of the key data shaping the frontier of crypto, AI, and financial markets. Chart of The Week: Data Center Dash Earlier this year, global consultancies McKinsey and Grand View Research released projections that quantify the scale of physical infrastructure […]
AI Markets: Energy, Bitcoin, and Compute
By Greysen Cacciatore, Research Associate | X | Linkedin The repurposing of bitcoin mining infrastructure into high-performance computing (HPC) facilities for AI workloads is well underway. Prominent mining businesses, including TeraWulf and Galaxy Digital, have already signed agreements with major hyperscalers to supply over 1000 MW of power. This trend sits within a broader convergence of capital, infrastructure, […]
Weekly Market Pulse: July 4, 2025
By Greysen Cacciatore, Research Associate | X | Linkedin Welcome to the OV Market Pulse — your weekly snapshot of the key data shaping the frontier of crypto, AI, and financial markets. Chart of The Week: Model Misalignment Last month, Anthropic, a leading AI safety and research company publicly released the results of their study that stress-tested various leading […]
Weekly Market Pulse: June 27, 2025
By Greysen Cacciatore, Research Associate | X | Linkedin Welcome to the OV Market Pulse — your weekly snapshot of the key data shaping the frontier of crypto, AI, and financial markets. Chart of The Week: Credit Capture Tokenized private credit has reached $14.37B in market cap, making it the largest segment of the tokenized […]
Weekly Market Pulse: June 13, 2025
By Greysen Cacciatore, Research Associate | X | Linkedin Welcome to the first edition of the OV Weekly Market Pulse — your weekly snapshot of the data, charts, and signals shaping the frontier of crypto, AI, and financial markets. Chart of The Week: Circle Surge Circle Internet Group (issuer of the USDC stablecoin) had a […]