asashai.

Category

Business

Companies, funding and adoption.

Analysis 5 min

TON and Telegram's Billion-User Crypto Experiment

Most blockchains spend years desperate for users. TON has the opposite problem and the opposite opportunity: it's wired into a messaging app with close to a billion people already inside. That single fact makes it one of crypto's most fascinating experiments.

Analysis 5 min

Corporate Bitcoin Treasuries: From One Pioneer to a Trend

One company turned itself into a Bitcoin holding vehicle and inspired a wave of imitators. Companies putting Bitcoin on their balance sheets is a genuine shift — and a strategy with a sharp double edge that more businesses are now testing.

Explainer 6 min

How Hedge Funds Actually Trade Crypto

Retail traders imagine hedge funds as wizards who predict the market. The reality is stranger and more useful to understand: most of what they do isn't betting on direction at all. Here's how the professionals actually play crypto.

Analysis 9 min

Where Bitcoin Could Go From Here: An Honest Thesis

Forget the price targets screamed on both sides. The real question about Bitcoin's future is about what it's becoming — and the honest answer is a set of forces pulling in different directions. Here's a long, fair attempt to think it through, without a crystal ball.

Analysis 5 min

Base and Coinbase's Quiet Bet on Bringing Millions On-Chain

While everyone watched the memecoin casinos, a public American company quietly built its own blockchain and wired it directly to an exchange used by millions. Base is one of the most consequential strategic moves in crypto — and it barely made noise.

Analysis 4 min

Coinbase Review: Paying a Premium for Peace of Mind

Coinbase is the exchange your accountant has heard of. It's pricier, more cautious, and more boring than the offshore giants — and for a lot of people that's exactly the point. A fair look at what the premium buys.

Analysis 6 min

Is Bitcoin Still Just a Tech Stock? The Decoupling Debate

For years Bitcoin has risen and fallen in near-lockstep with risky tech stocks — awkward for an asset that's supposed to be independent digital gold. Whether it ever truly decouples is one of the most consequential open questions in crypto.

Analysis 6 min

Gold vs Bitcoin: The Digital Gold Debate Grows Up

For a decade the 'Bitcoin is digital gold' slogan was mostly faith. Now there's enough history to actually test it. The honest comparison is less of a slam dunk for either side than the tribes claim — and far more interesting.

Explainer 6 min

How Avalanche Was Built: A Professor, a New Consensus, and Three Chains

It started with an anonymous research paper dropped on the internet by a group calling themselves Team Rocket, and a Cornell professor who recognized something genuinely new. Avalanche reinvented how a blockchain reaches agreement, then split itself into three. Here's the engineering story.

Analysis 5 min

What Are Real-World Assets (RWA) Coming On-Chain?

Treasuries, real estate, gold, even private credit — trillions in traditional assets are being 'tokenized' onto blockchains. It's one of crypto's most serious frontiers, and it comes with a catch most people miss.

Explainer 5 min

How Chainlink Became Crypto's Quiet Plumbing: The Oracle Story

Most coins want to be money. Chainlink wanted to be the wiring behind the walls. It solved a problem nobody noticed until they needed it, built quietly through bull and bear markets, and now secures tens of billions in DeFi. The least flashy, most foundational coin in the rail.

Analysis 5 min

The Story of Tron and Justin Sun: Marketing, Stablecoins, and Controversy

Tron is impossible to separate from the showman who runs it. Justin Sun built a network on relentless marketing, dodged a plagiarism scandal, bought BitTorrent, tangled with the SEC, and quietly turned Tron into the most-used highway for moving dollars on the planet. A complicated success.

Guide 4 min

How to Vet a Crypto Project's Team and Backers

Behind every token is a team — real builders or anonymous strangers about to vanish with your money. Here's how to investigate who's actually behind a project before you trust it.

Guide 5 min

How to Figure Out Your Real Crypto Cost Basis

Cost basis sounds like boring tax jargon until it decides how much you owe — and crypto makes it weirdly hard. Here's how to actually track what you paid, and avoid a nasty surprise at tax time.

Analysis 5 min

How Solana Was Built: Speed, Outages, and an Unlikely Comeback

An ex-Qualcomm engineer became obsessed with making a blockchain as fast as the internet. He nearly succeeded, got tangled up with the worst scandal in crypto history, watched his network crash to near zero, and then came roaring back. Solana's story is a rollercoaster.

Analysis 5 min

How BNB Grew From an Exchange Token Into Its Own Empire

BNB started as a discount coupon for traders on a brand-new exchange. It became the fuel for an entire blockchain, made its founder a billionaire, and then survived his guilty plea to U.S. prosecutors. The most successful exchange token, and the most complicated.

Analysis 4 min

When Countries Bet on Bitcoin: El Salvador and Beyond

One small country made Bitcoin legal tender and bought it by the truckload. Others quietly mine it with state power plants. What happens when a government treats crypto as a national strategy?

Explainer 3 min

What a Spot ETF Actually Does to a Coin's Price

"An ETF got approved" sends prices flying, but most people can't explain why it matters. Here's the real mechanism — new buyers, locked-up supply, and the trap of buying the rumor.