The SpecCoins perspective

Market Insights

The developments moving crypto markets, the networks and businesses behind them, and what they mean for the economy. Editorial analysis with an eye for overlooked opportunities and the evidence that matters next.

Veridian credentials verify identity and authority; its tokenized shares record company ownership; ADA pays Cardano network fees. These are separate roles.

Identity & Digital Assets

Cardano spins out Veridian to verify who can act online

Veridian becomes an independent identity business. Its credentials, company shares and Cardano's ADA serve different purposes.

SpecCoins · · 4 min read

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ESMA's October 8 opinion distinguishes blocking new exposure from limited services to wind down existing non-compliant stablecoin holdings for EU clients.

Stablecoins & Access

Europe tightens access to unauthorised stablecoins

ESMA wants EU crypto firms to stop offering non-compliant stablecoins. Existing holdings get only limited services for an orderly exit.

SpecCoins · · 4 min read

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An approved wallet holds a stock token linked through a regulated broker to an underlying share. Stock trades settle in USDC on Solana.

Stocks & Settlement

Securitize brings share-backed stocks to Solana

Securitize’s stock tokens bring shareholder rights and USDC settlement to Solana. Wider trading access remains conditional.

SpecCoins · · 4 min read

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Hypothetical $1,000 long exposure loses $50 after a 5% price decline: 5%, 25% or 50% of equity at 1, 5 or 10 times leverage.

Liquidity & Leverage

Coinbase links Deribit liquidity. What changes for crypto?

Follow trading access into hedging, collateral, token economics and financing risk.

SpecCoins · · 6 min read

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Visa reports approximately 17% of its fiscal 2026 year-to-date stablecoin-linked card volume in business and commercial programs; about 83% is the remaining volume.

Stablecoins & Payments

Stablecoins are becoming payment rails. Who captures the value?

Follow business payments into issuer reserves, crypto network fees, token value and the wider economy.

SpecCoins · · 6 min read

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