Treasury fever: The corporate crypto arms race
Corporate capital shifts from factories to bitcoin. Crypto treasury formation is replacing retail drivers, which has implications for Open Money
A weekly research-driven brief tracking how onchain systems actually work — focused on structure, adoption, and what lasts beyond the hype.
Corporate capital shifts from factories to bitcoin. Crypto treasury formation is replacing retail drivers, which has implications for Open Money
Coinbase just buried “Wallet,” rebranded its L2, and dropped Base App — a crypto-lite super app where posting memes mints coins and USDC moves like Apple Pay.
Bitcoin rocket-jumps past $118,000 — and it’s not meme magic this time. Dive into ETF super-flows, Capitol Hill’s “Crypto Week,” a friendlier Fed outlook, and the onchain squeeze strangling supply. See why Open Money says the real story is a shift toward open, programmable value networks.
The tokenization of everything is underway. Data issues and ownership clarity remain persistent bugs.
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