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Research & insight on the
physical layer of the digital economy.

How AI compute, stablecoins, regulation, and consensus design converge on a single constraint — power-secured, U.S.-located infrastructure — and what it means for capital.

Featured
Digital infrastructure·May 19, 2026

Proof of Useful Work and the 2-for-1 GPU

A cryptographic breakthrough turns matrix multiplication itself into blockchain consensus — at near-zero overhead. The same GPU cycle trains a model and mints a block reward, turning AI's biggest cost into a 2-for-1 asset.

Read the article 6 min read
“What if mining a block and training a neural network were the same computation?”
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Digital infrastructure

Proof of Useful Work and the 2-for-1 GPU

A cryptographic breakthrough turns matrix multiplication itself into blockchain consensus — at near-zero overhead. The same GPU cycle trains a model and mints a block reward, turning AI's biggest cost into a 2-for-1 asset.

May 19, 20266 min read
Banking & regulation

How crypto is quietly saving America

A law you didn't hear about turned 500 million strangers into buyers of U.S. government debt. How GENIUS, CLARITY, and the broader crypto policy pivot quietly replaced China and Japan as marginal Treasury buyers.

May 18, 20267 min read