This is an index of all of the Open Money newsletters ever sent. The newsletter is sent out weekly, it's free, and you can unsubscribe any time.
Token launches from MetaMask and Base feel both inevitable and strategic. Together, they mark a shift in how crypto’s core infrastructure players plan to govern, grow, and capture value.
Crypto’s value stack is shifting. Fat apps are capturing more users, revenue, and attention — challenging the dominance of fat protocols. The next cycle will be shaped by how apps and infrastructure converge, compete, and evolve.
Prediction markets promise sharper foresight about the future — but do they actually deliver truth, or just monetize vibes? As billions flow into these new kinds of markets, what are we actually betting on?
Google is building a new “universal ledger” that looks like open infrastructure — but is it really? A quiet shift in financial power is underway.
On August 19, 2025, Wyoming launched FRNT, the first U.S. state-backed stablecoin — live, spendable, and legally backed across seven blockchains. As a programmable public currency, FRNT offers a glimpse into what open, sovereign digital money could look like.
Breaking the halving beat: Do liquidity and institutional flows dominate now?