🟪 Spring's here early
(Some) economic optimism for the holiday weekend
🧺🐰🌷 A basket of good reads
Quantum computers may upend cybersecurity, but there are plenty of ways for developers to prepare. Marc Arjoon of 0xResearch breaks down potential pathways to secure current blockchains, from Post-Quantum Cryptography (PQC) signature schemes to the quantum-secure properties of extant seed phrases.
Coinbase Chief Legal Officer Paul Grewal stated live on Fox Business that a crypto market-structure deal is expected to be announced soon, with a Senate Banking Committee markup hearing anticipated within weeks. The remarks centered on the CLARITY Act, which would resolve the longstanding jurisdictional split between the SEC and CFTC over which tokens fall under each regulator’s purview.
Friday’s edition of The Breakdown covers some more optimistic job-market data that’s come out in the past week: The unemployment rate for 20-24 year-olds has ticked down to 6.4%, and unemployment rates for young tech workers have leveled off. About 83.8% of the prime-age US population was gainfully employed in March, just below the 1999’s all-time high of 84.4%.
Introducing Blockworks Investor Relations, an IR platform built for onchain businesses.
The latest Blockworks offering brings together analytics, a branded investor relations site, and integrated advisory support into a single platform. The result is a more efficient way to share your story, build trust with investors, and engage a global audience from day one.
Check out our cofounder Michael Ippolito's keynote at DAS NYC launching the new IR platform.
recent research
Research
Prediction markets are scaling rapidly, with Kalshi reaching $14.4B in monthly volume driven by sports. Prices are highly efficient and closely track sportsbooks, but higher fees and thinner liquidity limit execution for size. As a CFTC-regulated platform with nationwide access and no stake limits, Kalshi offers structural advantages over traditional sportsbooks. Revenue is on track to reach $1.3B in 2026, and the platform trades at a premium multiple of around 16.9x forward sales, reflecting its positioning as exchange-like infrastructure.
by Kunal Doshi
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