Privacy has always been a foundational concept in technology, finance, and especially in the crypto ecosystem, serving as both an ideological core and a practical necessity. Back in the late 1980s and formalized in the early 1990s, the cypherpunk movement emerged. It united cryptographers, programmers, and activists; key figures included Jude Milhon (a founding member and coiner of the term “cypherpunk”), Len Sassaman, Philip Zimmermann (creator of PGP), and Hal Finney (cryptographer and lead...

Privacy has always been a foundational concept in technology, finance, and especially in the crypto ecosystem, serving as both an ideological core and a practical necessity. Back in the late 1980s and formalized in the early 1990s, the cypherpunk movement emerged. It united cryptographers, programmers, and activists; key figures included Jude Milhon (a founding member and coiner of the term “cypherpunk”), Len Sassaman, Philip Zimmermann (creator of PGP), and Hal Finney (cryptographer and lead...

Crypto was built to be borderless and neutral. Instead, it became the most effective Trojan Horse for the US Dollar, exporting Fed policy to every corner of the internet. Yet, on the periphery, a quiet revolution is happening. From MiCA-compliant Euros to Brazilian FX hedging, the drivers for non-USD assets have shifted from speculation to necessity.

Crypto was built to be borderless and neutral. Instead, it became the most effective Trojan Horse for the US Dollar, exporting Fed policy to every corner of the internet. Yet, on the periphery, a quiet revolution is happening. From MiCA-compliant Euros to Brazilian FX hedging, the drivers for non-USD assets have shifted from speculation to necessity.

1. Activity Volume Last year marked a significant turning point for the crypto ecosystem, driven by market institutionalization, the landmark adoption of ETFs and much more. At 50 Partners, we remain committed to our long-term convictions: supporting the builders who are crafting the future of decentralized infrastructure. This article draws from our direct observation of builders activity throughout 2025. The objective is simple: turning our daily dealflow into a structured dataset to better...

1. Activity Volume Last year marked a significant turning point for the crypto ecosystem, driven by market institutionalization, the landmark adoption of ETFs and much more. At 50 Partners, we remain committed to our long-term convictions: supporting the builders who are crafting the future of decentralized infrastructure. This article draws from our direct observation of builders activity throughout 2025. The objective is simple: turning our daily dealflow into a structured dataset to better...

For many of its users, BTC is considered a store of value with almost infinite potential. However, recent years have been marked by the arrival of numerous BTC ETFs. It is clear that the profile of BTC holders is evolving, and perhaps its utility along with it. Indeed, for several years, certain protocols have been attempting to create ways to generate yield on BTC, just as we already do on Ethereum or Solana, and new categories of BTC holders might encourage this movement. This is what we ca...

For many of its users, BTC is considered a store of value with almost infinite potential. However, recent years have been marked by the arrival of numerous BTC ETFs. It is clear that the profile of BTC holders is evolving, and perhaps its utility along with it. Indeed, for several years, certain protocols have been attempting to create ways to generate yield on BTC, just as we already do on Ethereum or Solana, and new categories of BTC holders might encourage this movement. This is what we ca...

Solana’s Prop AMMs have taken over major pairs with sub-5 bps spreads and near-zero slippage on big trades. But is this professional-grade efficiency worth the trade-offs in transparency and decentralization? A deep dive into how they work, why they dominate, their real costs, key risks… and what’s coming next:

Solana’s Prop AMMs have taken over major pairs with sub-5 bps spreads and near-zero slippage on big trades. But is this professional-grade efficiency worth the trade-offs in transparency and decentralization? A deep dive into how they work, why they dominate, their real costs, key risks… and what’s coming next: