Weekly Roundup 05/05/23 (Bank apocalypse, Biden’s miner tax, Bhutan’s crypto ambitions) (EP.422)
On The Brink with Castle Island
Release Date: 05/05/2023
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 are back with another week of news and deals. In this episode:
- Updates on South Shore Bar Pie
- The CIV boys consider new sponsors
- Regional banks keep failing
- Is the turmoil in the bank sector deflationary or inflationary?
- How does the Fed end the banking crisis?
- McHenry’s stablecoin bill
- Biden proposes a 30% tax on Bitcoin miners
- Why Biden’s DAME tax is counterproductive
- RFK Jr’s pro-crypto takes
- Nic throws his hat in the ring for RFK Jr
- Gensler running for Senate in Maryland/
- Where in the world are the FTX executives
- FTX attempts to claw back funds from Genesis
- FTX debtors stumble on Mysten Labs
- Is summary judgment in the Ripple SEC case almost due?
- Nate Chastain is found guilty of insider trading
- Poloniex settles with OFAC
- OpenX is reprimanded by Dubai for not registering
- Coinbase launches in Bermuda
- Bhutan has been mining Bitcoin since 2020
- NYMAG spills the beans about Protego
- CIV is throwing a pickleball event at BTC Miami
Content mentioned in this episode:
- Jen Wieczner in NYMAG, Is the Federal Government Trying to Kill Off Crypto?
Sponsor notes:
- Coin Metrics State of the Network - MakerDAO’s Dai Dilemma: As one of the longest-standing DeFi protocols, Maker has held strong as the maintainer of the decentralized stablecoin Dai. Still, the protocol faces headwinds, and MakerDAO stakeholders must make major decisions about governance and risk management.