Analysis DeskPublished & Archived
Research, features, and event analysis
All published analysis pieces live here, including translated Tuoniaox archive features and new HashSpring reports.
FeaturedHashSpring
Amid the Clarity Act fanfare is some worry over how a last-minute deal may punch DeFi
The crypto market structure bill saw a high-stakes, 11th-hour gambit to get Democrats on board for a bipartisan committee vote, but it might carry a cost.
Jesse HamiltonMay 19, 20261 min read
Latest Analysis
4429 total01
TD Cowen raises Strategy price target to $400, citing faster bitcoin accumulation and accretive deleveraging
TD Cowen raised its Strategy MSTR price target to $400, noting accelerating BTC per share growth and $1.5B in accretive debt repurchases.
May 19, 2026
02
Morning Minute: SEC Reverses Course on Tokenized Stocks, HYPE Soars
HYPE soared as the SEC opened the door to third-party tokenized stocks. Strategy bought another $2B in BTC, and price still went lower.
May 19, 2026
03
A DeFi exchange becomes the first to offer equity perpetuals powered by Nasdaq data
The partnership underscores both the rapid growth of equity perpetuals in onchain markets and Nasdaq’s broader strategy to support tokenized equity trading infrastructure.
May 19, 2026
04
XRP and Solana funds attract inflows as bitcoin outflows hit nearly $1 billion
CoinShares data shows investors are rotating into listed products based on XRP and SOL while bitcoin and ethereum products posted heavy weekly outflows.
May 19, 2026
All Published Analysis
Event breakdowns, long-form research, and translated archive features.
HashSpringpolicy
SEC to make ‘innovation exemption’ for tokenized stock trading: Report
Several SEC officials reportedly didn’t support the decision, while tokenization platform Securitize flagged risks with enabling third-party platforms to issue tokenized stocks.
Cointelegraph by Brayden LindreaMay 19, 20261 min read
HashSpringpolicy
SEC to propose tokenized stock framework as Wall Street efforts deepen: Bloomberg
The U.S. Securities and Exchange Commission is reportedly poised to release a major crypto proposal as it seeks to institute its digital assets agenda.
Krisztian SandorMay 18, 20261 min read
HashSpringbtc
Bitcoin lost its hold on $80K, but three events may send it back sooner than markets expect
Bitcoin positions itself for a rally above $80,000 after Strategy's $2 billion BTC buy, crumbling investor confidence in the US Treasury and a potential US-Iran deal.
Cointelegraph by Marcel PechmanMay 18, 20261 min read
HashSpring
Georgia primary to test crypto PAC’s support for Democratic candidate
A political action committee aligned with crypto interest groups reported spending more than $4 million in support of Democratic US House candidate Jasmine Clark in Georgia.
Cointelegraph by Turner WrightMay 18, 20261 min read
HashSpringai
AI Still Can't Beat the On-Call Engineer: Here's Why
The best AI models can't yet beat the engineers they’re supposed to replace at fixing real-world problems, a new benchmark suggests.
Jose Antonio LanzMay 18, 20261 min read
HashSpringbtc
‘Big dot energy’: Michael Saylor’s Strategy buys another 24,869 BTC for $2 billion as total holdings top 4% of bitcoin supply
Strategy's total holdings account for over 4% of the 21 million bitcoin supply cap — worth around $65 billion.
James HuntMay 18, 20261 min read
HashSpringbtc
Bitcoin falls to $76K after Trump says ‘clock is ticking’ for Iran
Bitcoin analysis says BTC price could revisit the $65,000 demand area after fresh US-Iran war tensions soured the crypto market mood.
Cointelegraph by Nancy LubaleMay 18, 20261 min read
HashSpring
South Korea reviews Hana Bank’s Dunamu stake under banking rules: Report
South Korea’s FSC is reportedly reviewing Hana Bank’s $668 million Dunamu stake under “banking-commerce separation” rules that limit bank ownership tied to crypto firms.
Cointelegraph by Christina CombenMay 18, 20261 min read
HashSpringbtc
Iran-linked report says Hormuz Safe bitcoin-settled insurance platform aims to generate $10 billion
Iranian media reported the launch of Hormuz Safe, a bitcoin-settled insurance platform tied to Strait of Hormuz cargo transit.
Brian DangaMay 18, 20261 min read
HashSpringpolicy
Kraken cuts 150 staff amid AI efficiencies, potentially delaying IPO: Report
Kraken has cut 150 staff due to the rising use of AI, adding to more than 5,000 layoffs across the crypto sector so far this year, Bloomberg reports.
Cointelegraph by Jesse CoghlanMay 18, 20261 min read
HashSpringeth
Verus Ethereum bridge reportedly exploited for $11.6M in latest DeFi attack
Two security companies have flagged the address where the stolen funds are allegedly being held, showing the cryptocurrencies have been converted into 5,402 Ether.
Cointelegraph by Stephen KatteMay 18, 20261 min read
HashSpringbtc
Reports suggest Iran is mulling Hormuz ‘insurance’ scheme, paid in Bitcoin
Screenshots of a website called “Hormuz Safe” have been circulating on social media, which offers “digital insurance” for ships passing through the Strait of Hormuz.
Cointelegraph by Brayden LindreaMay 18, 20261 min read
HashSpringbtc
Iran may be turning the Strait of Hormuz into a bitcoin-based insurance market, local reports say
State-linked Fars News reported that Iran’s economy ministry has been working on a plan to manage shipping through the Strait with payments in bitcoin.
Shaurya MalwaMay 18, 20261 min read
HashSpringai
What are Real-World Assets (RWAs)?
Real-world assets (RWAs) are crypto tokens backed by traditional assets. Issuers of RWAs take an existing asset — such as gold, fiat currency, stocks or bonds — and create a token representing it on the blockchain, in a process called “tokenization.” The token now represents ownership in the underlying asset, allowing investors to buy and sell [ ]
Callum HoweMay 18, 20261 min read
HashSpringbtc
Bitcoin slides under $77,000 as oil shock and Treasury yields hit risk assets
Long-term holders are still sitting tight and exchange balances remain near six-year lows, Binance Research data shows, but underwater short-term holders leave BTC vulnerable to macro shocks.
Sam ReynoldsMay 18, 20261 min read
HashSpringai
SBI, Rakuten, Nomura line up to launch crypto investment trusts: Report
Japan’s biggest brokerages are racing to bring crypto investment trusts to retail investors, as regulators move to formally allow crypto-holding funds by 2028.
Cointelegraph by Amin HaqshanasMay 17, 20261 min read
HashSpringeth
Italy’s largest bank more than doubles crypto holdings to $235M in Q1: Report
Intesa Sanpaolo grew its crypto holdings from $100 million to $235 million in Q1 2026, making first-time moves into Ethereum and XRP while nearly exiting Solana entirely.
Cointelegraph by Amin HaqshanasMay 17, 20261 min read
HashSpringbtc
Michael Saylor floated Bitcoin sales idea to avoid 'impairing' the asset
Strategy executive chairman Michael Saylor said that continuing to use the “never sell” Bitcoin mantra could ultimately undermine the very asset his company is built around.
Cointelegraph by Ciaran LyonsMay 17, 20261 min read
HashSpring
Strategy to repurchase $1.5B of 2029 convertible notes
The notes carry a 0% coupon, but can be converted into equity in the company if holders choose to redeem their notes for shares.
Cointelegraph by Vince QuillMay 16, 20261 min read
HashSpringbtc
Bitcoin analysis sees 'bear trap' as BTC price passes two-week lows under $78K
Bitcoin fell below $78,000 for the first time since the start of May, but traders refused to give up hope of a BTC price rebound coming next.
Cointelegraph by William SubergMay 16, 20261 min read
HashSpringsol
Jump Crypto’s ‘Firedancer’ is taking a slow and steady approach to its long-awaited Solana infrastructure rollout
In an interview with CoinDesk, the lead engineer at Firedancer gives an update on how the new client, also known as a software, is fairing in the Solana ecosystem.
Margaux NijkerkMay 16, 20261 min read
HashSpringai
What Is AI Jailbreaking? A Beginner's Guide to the Cat-and-Mouse Game Behind Every Chatbot
From Cydia to ChatGPT, jailbreaking went from cracking iPhones to liberating LLMs. Here's how it works, who's doing it, and why every AI lab is losing sleep.
Jose Antonio LanzMay 16, 20261 min read
HashSpringdefi
The $293 million KelpDAO hack shows why DeFi is finally being forced to grow up
For protocol founders and security researchers, the incident reinforced a broader shift underway across crypto: DeFi is no longer primarily battling coding bugs. It’s battling complexity.
Margaux NijkerkMay 16, 20261 min read
HashSpringbtc
Bhutan ‘doesn’t recall’ selling any bitcoin, disputing widely tracked $1 billion BTC drawdown
Arkham Intelligence data shows that over $1 billion in bitcoin has left wallets attributed to Bhutan in the past year, flowing to exchanges and trading firms. The country says it has not sold any.
Shaurya MalwaMay 16, 20261 min read
HashSpringbtc
Bhutan ‘doesn’t recall’ selling any bitcoin, disputing widely-tracked $1 billion BTC drawdown
Arkham Intelligence data shows that over $1 billion in bitcoin has left wallets attributed to Bhutan in the past year, flowing to exchanges and trading firms. The country says it has not sold any.
Shaurya MalwaMay 16, 20261 min read