If you've been paying attention to crypto over the past year or so, you've probably felt something weird. Things look great on paper. ETFs have bought billions of dollars of Bitcoin and Ether. The President of the United States is talking about Bitcoin reserves and launching projects of his own. And yet, crypto feels dead. There's still activity -- of course there is. Chains continue to chug along, new metas come and go, and the underlying infrastructure continues to improve from an already b...

If you've been paying attention to crypto over the past year or so, you've probably felt something weird. Things look great on paper. ETFs have bought billions of dollars of Bitcoin and Ether. The President of the United States is talking about Bitcoin reserves and launching projects of his own. And yet, crypto feels dead. There's still activity -- of course there is. Chains continue to chug along, new metas come and go, and the underlying infrastructure continues to improve from an already b...