What Happened to Treasuries, Bitcoin, and Tokenized Funds After 23 Yen Shocks?
Across 23 large USD/JPY moves, U.S. yields, BTC/ETH, and a tokenized-Treasury allocation proxy moved—but not in a stable, repeatable sequence.
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Posts
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A chronological index of field notes on research, engineering, markets, and protocols.
2026
18 recordsWhat Glamsterdam Would Change About Settling Korean Stocks on Ethereum
A settlement workload calibrated to KRX's daily trading value fits within Ethereum's theoretical block-gas ceiling at the baseline. What changes under Glamsterdam is the cost of updating balances and creating new onchain state.
What Changes When Tokenization Reaches Market Scale?
What Changes When Tokenization Reaches Market Scale?
How Far Does a Market Shock Travel?
How Far Does a Market Shock Travel?
Measuring a Commodity Shock in Tokenized Markets with a Rust CLI
Measuring a Commodity Shock in Tokenized Markets with a Rust CLI
Markets Are Full of Roads. That Doesn't Mean Capital Takes Them.
Markets Are Full of Roads. That Doesn't Mean Capital Takes Them.
Hyperliquid Shows What a Market Looks Like Without an AMM Pool
Hyperliquid Shows What a Market Looks Like Without an AMM Pool
Before MEV, I Built a Rust AMM Lab to Measure Pool State
Before MEV, I Built a Rust AMM Lab to Measure Pool State
The AI Agent Can Act On-Chain. Who Defines Its Authority?
The AI Agent Can Act On-Chain. Who Defines Its Authority?
When the Swap Actually Lands. What Can an Outsider Reconstruct?
When the Swap Actually Lands. What Can an Outsider Reconstruct?
When the Quote Becomes Calldata. The Fork Tests Whether It Holds.
When the Quote Becomes Calldata. The Fork Tests Whether It Holds.
The Price Moves First. DEX Routes Fray Before the Exit.
The Price Moves First. DEX Routes Fray Before the Exit.
Where RWA Exchange Risk Actually Sits
Where RWA Exchange Risk Actually Sits
When Real-World Assets Move On-Chain, What Becomes Visible?
When Real-World Assets Move On-Chain, What Becomes Visible?
The SpaceX Trade Exists. Now Watch the Tape.
The SpaceX Trade Exists. Now Watch the Tape.