Original research from the newsroom: each note states its method, the figures it relies on and the limits of what we can claim. Free to read, download and cite with attribution.
Pro section
Read the full research note with Block #9 Pro
The abstract and key findings are free to read. The full note — every chapter, the method, the takeaways, the sources and the downloadable file — is reserved for Pro members.
Complete research archive, every note end to end
Download as a text file plus a print or pdf version
Four series are produced automatically from our own data and newsroom, on a fixed rhythm. Everyone reads the summary; members read the full note, the method and the sources.
Weekly
Weekly Deep Dive
One question a week, worked out with charts, figures and an explicit section on what would break this analysis.
Quarterly
Benelux quarterly report
Banks, supervision, tax practice and tokenisation in the Netherlands and Belgium side by side, measured again each quarter.
Weekly
Corporate balance sheets
Continuous tracker of listed companies holding crypto: cost basis versus market price and the dilution risk.
Monthly
Post-mortem
One worked case a month — a hack, a depeg or a bankruptcy — with timeline, cause and lessons.
B9-BAL-2026-W33Corporate balance sheetsweek 33 · 202611 min read