Weekly Roundup 04/28/23 (First Republic in trouble, Hong Kong embraces crypto, did crypto cause the banking crisis?) (EP.420)
On The Brink with Castle Island
Release Date: 04/28/2023
On The Brink with Castle Island
Matt and Nic are back with another week of news and deals. In this episode: We have a new Pope The etymology of ampersand The GENIUS act collapses spectacularly Coinbase consummates its acquisition of Deribit Did World Liberty Financial’s USD1 torpedo the GENIUS act? Did “pro crypto” democrats snake on the industry Scott Bessent thinks stablecoins could reach $2T The OCC says banks can provide crypto custody and execution Stripe is launching stablecoin financial accounts The SEC explores a sandbox for tokenized securities Tariff the L2s
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Adam Healy, co-founder of and Josh Schwartz, co-founder of join the show. In this episode we discuss: The collaboration between Station 70 and Fordefi on failover MPC wallets. Announcement . The state of the wallet category Best practices for blockchain cybersecurity The future of bank custody for digital assets Station 70’s product Station 70 and Fordefi are holding a joint webinar to showcase this product collaboration. You can register . Learn more about Learn more about
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Wyatt sits down with of . In this episode: MXN stablecoins and other currencies Shaping regulatory frameworks Who wins out: innovators vs financial incumbents
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Wyatt sits down with and of In this episode, we cover: The evolution of yield in DeFi Primitives users want Crypto risk assessment Learn more about
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Matt and Nic are back with another week of news and deals. In this episode: Will stablecoins disrupt credit cards? The US Treasury Advisory Committee drops a report on stablecoins Mastercard and Visa launch stablecoin integrations Movement labs has more scandals Are quantum timelines accelerating? The real risk of quantum to Bitcoin Could a quantum break fix Bitcoin’s security budget? Are any Bitcoin purists left? Circle turns down Ripple’s acquisition offer Machinsky is facing a 20-year sentence Arizona passes an SBR bill Cambridge releases a new report on bitcoin mining...
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Wyatt sits down with , the founder of In this episode: Stablecoin usage in DeFi today Fiat-backed stablecoins vs other "stable" assets Ethereum vs other blockchains for stablecoins
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Matt and Nic are back for another week of news and deals. In this episode: Is Bitcoin decoupling? The Fed rescinds anti-crypto letters from 2022 and 2023 Upexi raises $100m PIPE to invest in Solana Cantor, Tether, Softbank and Bitfinex inject $3.6b into 21 Capital, a Bitcoin acquisition vehicle Bitcoin ETFs versus bitcoin acquisition companies Trump is hosting a dinner for $TRUMP holders Charles Schwab wants to launch crypto trading Citi thinks stablecoins could reach $3.7T in supply by 2030
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Matt and Nic are back with another week of news and deals. In this episode: We recap Nic’s article on why Signature collapsed Crypto exchange OKX their plans to expand to the US Kraken that US equities are now supported on the exchange MANTRA, a layer 1 network focused on RWAs, saw the price of its native token 90% in a matter of hours Global Payments agreed to Worldpay, a payments processor, for $24 billion from FIS and private equity firm GTCR The US Department of Homeland Security has launched a into Anchorage,...
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Wyatt sits down with Fred Hsu and Michael Ho of to talk domain markets. In this episode: The existing domain name industry and legacy systems An interoperable marketplace for domains New financial promitives around domains and RWAs
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Yuval Rooz and Eric Saraniecki, co-founders of Digital Asset join the show. In this episode we discuss: The origins of Digital Asset and the path to starting the firm. Views on privacy in the context of public blockchains. How enterprises and financial institutions are approaching tokenizing assets and leveraging blockchain technology. Examples of how on-chain privacy enables use cases in collateral management and stablecoin payments. The role of the Canton Network public blockchain for enabling institutional use cases. How Canton Network works from a design perspective. To learn...
info_outlineMatt and Nic return for another week of news and deals. In this episode:
What’s the deal with south shore bar pie?
- We review Consensus in Austin
- Nic’s 2022 Coin Center dinner incident
- Nic’s gas siphoning incident
- First Republic appears heading for collapse
- Why was First Republic given time to save itself but not Signature?
- Block partners with Yellowcard for cross-border African payments
- Open Exchange’s purported investors deny investing in the business
- Coinbase is setting up operations in Bermuda
- Coinbase is suing the SEC for clarity
- Hong Kong embraces banking for crypto firms
- NYDFS Superintendent Harris denies that crypto caused the Signature collapse
- The Biden admin is backpedaling on whether crypto contributed to the banking crisis
- House Republicans probe financial regulators for info on de-banking of crypto
- The FBI has searched the home of FTX’s Ryan Salame
- We reminisce on FTX’ Crypto Bahamas conference
- Why is flare gas mining better than the alternative?
- Nic’s music royalties situation
- Nic resolves his differences with the Bitcoin 2023 conference
Content mentioned:
- The Hong Kong Monetary Authority, Embracing new opportunities and accessing banking services
- Letter from Reps Hill, Huizenga, and McHenry to key financial regulators
- TVP, The Emerging Bitcoin-Native Venture Capital Landscape
Sponsor notes:
- Coin Metrics presents State of the Network Foundations: Blockchain Addresses: This week's State of the Network kicked off the new Foundations series, which looks to present various technical aspects of blockchain technology in an approachable way. In the first report, Coin Metrics breaks down the concept of an 'address,' the fundamental unit of identity in the world of crypto.