Latest Articles
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Maple vs Core: A Web3 IP Legal Dispute Case Study
Recently, CoreDAO filed a lawsuit against Maple Finance and published an injunction granted by the Grand Court of the Cayman Islands. In Web3 and DeFi, this is likely to stand as a case where disputes over copyright and IP, rather than hacks, are litigated in real-world courts. This article analyzes the case and its implications.
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USDX Depeg Crisis Analysis and Implications: What Broke and What Must Be Fixed
Focusing on the xUSD and USDX cases, this article explains step by step how vaults and yield products, when combined with peg breaks, oracle failures, clogged redemption windows, and leveraged TVL, created large-scale bad debt. It then uses MetaMorpho as a comparison framework to argue for a shift toward structures that trust 'processes and data, not people', proposing Proof-of-Hedge, on-chain redemption rights, timelocks, and circuit breakers as default settings for the next cycle.
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The History of Major Crypto Crashes, Part 2 — From COVID to the Trump Shock
We analyze five major collapse events in the crypto asset market since 2019. By digging into the causes—pandemic, regulation, algorithmic failure, fraud, geopolitical risk—and the consequences of each, we trace how the crypto ecosystem endured growing pains, absorbed lessons, and evolved toward a more mature and resilient system.
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The History of Major Crypto Crashes, Part 1 — From MountGox‑Crash to Korean‑Crash
We chronologically analyze major Bitcoin crash events from 2011 to 2018, showing that the extreme volatility of the early crypto market was not mere chaos but a catalyst for technical and institutional evolution. From the Mt. Gox hack to the bursting of the ICO bubble, we highlight how each crisis strengthened market security, regulation, and trust infrastructure.