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a newsletter from a16z crypto that's your go-to guide on the next internet

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Can we predict the future?

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How prediction markets are making humanity smarter, with Kalshi CEO Tarek Mansour. Plus, what we’re gifting this holiday season.

The business of tokens

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Exploring the role of arcade tokens within onchain economies. Plus, when to flip the fee switch and the latest crypto moves from Uniswap, the SEC, SoFi, and more.

5 reasons to write

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The case for writing — and why it’s never been more urgent.

5 (more) charts that explain crypto right now

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The data defining the industry this year

State of Crypto 2025: The year crypto went mainstream

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This year in crypto, from all-time highs and the rise of stablecoins to the convergence of crypto and AI

What happens when markets become computers?

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With trust in institutions reaching historic lows, prediction markets offer a new kind of credibility.

The Life of a Crypto Founder

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Plus, crypto startups need enterprise sales — here's why

Everybody’s talking about prediction markets, here's what to know

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Beyond the buzz, what is a prediction market, exactly?

A free market isn’t a free for all

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Plus, how to set prices on your marketplace or platform

How to hire growth teams

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It's about finding polymaths who thrive at the intersection of product and revenue.

How to hire growth teams

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It's about finding polymaths who thrive at the intersection of product and revenue.

A new playbook for TradFi

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Why blockchains can — and should — become core infrastructure for TradFi institutions. Plus, Circle, Stripe, and the race to win payment rails.

When to flip the fee switch

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The question isn't to fee or not to fee, but *when* to (take) fees.

GENIUS Act just signed; what next? CLARITY

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The focus in D.C. will now turn to crypto “market structure” legislation. Why does this matter, and what can you do?

10 reads for your summer vacation

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What's on our reading lists, from business strategy to Socrates

5 charts that explain crypto right now

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The metrics we're watching, from DEX volume to mobile wallet usage. Plus, the industries where DePIN is making inroads.

Special edition: 11 AI x crypto crossovers

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Who will control future AI — big companies or communities of users? That's where crypto comes in.

Hiring? Here are 10 pitfalls to avoid

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Common hiring mistakes early founders make, and a conversation with Solana co-founder and CEO Anatoly Yakovenko.

MEV, explained: what it is, what to do about it

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Plus a primer on marketing — from attracting developers and hiring teams to launching tokens and more

Stablecoins are having a moment. Here's why.

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Making sense of all the stablecoin news. Plus, best practices for physical security.

The problem with debanking

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A deep dive on the latest news. Plus, emerging trends for 2025 — from AI x crypto to stablecoins.

Gear guide: Our gifts this holiday

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Holiday shopping inspiration, plus separating prediction market hype vs. reality, and an update on Jolt, our open-source zkVM

On seizing the moment in crypto

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Thoughts on the evolving regulatory environment, stablecoins, and Ethereum's future

Election special: When democracy goes onchain

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Welcome to our elections special edition. We cover the resurgence of interest in citizens assemblies, research into “liquid” democracy, advances in onchain voting, and more.