In this week’s Crypto Long & Short newsletter, Joshua de Vos shares insights from a recent benchmark report on how the stock market landscape is maturing and becoming increasingly execution-driven, but increasingly uneven as regional licensing diverges, liquidity fragments, and transparency advances inconsistently. Next, we look at where the digital asset market could be heading in the final weeks of 2025 with Andy Baehr’s “Vibe Check.”
Crypto Long & Short: Licensing, Liquidity, and the Changing Geography of Trade Quality
