What I Read This Week…

U.S. crypto deal-making in 2025 has already tripled all of 2024, language model providers are diverging in features and ecosystems, and 28% of renewable energy projects have been delayed or cancelled

Watch All-In Episode 225 Read our Short Dive: The Trump Administration’s Fiscal Strategy Read our Interview with Jason about the Evolution of Media Caught My Eye… Crypto acquisitions and public listings in the U.S. reached $8.2 billion across 88 transactions in the first four months of 2025, already tripling the total value of all 2024 crypto deal-making. These transactions reflect five distinct deal patterns: Bitcoin treasury acquisitions, where companies like Twenty One Capital are accumulating bitcoin as their primary business model, converting corporate treasuries into bitcoin…

related reading

• State of Crypto 2024 - a16z cryptoa16zcrypto.com
• The Latecomer’s Guide to Crypto - The New York Timesnytimes.com
• The Casino on Mars - Paradigmparadigm.xyz
• Gemini + Glassnode: 2025 Crypto Market Trendsinsights.glassnode.com
• 17 things we're excited about for crypto in 2026 - a16z cryptoa16zcrypto.com
• Weekly Top Stories - 05/08/26galaxy.com
• 8 big ideas for 2026 (and more trends to watch)a16zcrypto.substack.com
• A Crypto Futureacryptofuture.xyz
• Reflections on the State of Crypto - H2 2024backoftheenvelope.xyz
• American Leadership in the Digital Finance Revolutionsec.gov
• WTF is happening in crypto right now?d3crypto.beehiiv.com
• Heavy Chandelierschandeliers.substack.com