U.S. banking groups are urging regulators to pause new crypto-focused bank charters. Beneath the …
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Liquidity Architecture
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Market Structure & Policynews
When Stablecoins Become Treasury Intermediaries: Short-Term Debt, Digital Dollars, and the GENIUS Act
by Main Deskby Main DeskStablecoins have quietly evolved into intermediaries of short-term U.S. Treasury debt, binding crypto liquidity …
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Market Structure & Mechanism Designmarketsnews
When Platforms Become Participants: The Structural Risk Behind Polymarket’s In-House Market Making Strategy
by Main Deskby Main DeskPolymarket’s move toward an in-house market maker marks a structural turning point for prediction …
