Weekly Roundup 05/12/23 (BRC20 mania, are high fees good for Bitcoin, the Wyoming stable token) (EP.424)
On The Brink with Castle Island
Release Date: 05/12/2023
On The Brink with Castle Island
Wyatt sits down with , founder of In this episode: Stablecoin usage in APAC, for saving, spending, and beyond Retail adoption that bleeds into institutional adoption The forward-looking path for stablecoin finance
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Matt and Nic are back for another week of news and deals. In this episode: Golden age of prediction markets NYC mayor’s election What’s happening with Canton? The FHFA says crypto can be a qualifying asset for mortages Our thoughts on the market structure bill The significance of the Fiserv stablecoin pilot $500m public access vehicle for BNB The Fed drops reputational risk in bank supervision EO for debanking is rumored Kraken HQ is moving to Wyoming Texas buys Bitcoin Will banking hours be obsolete?
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, the founder and CEO of joins the show. In this episode we discuss: The origin story behind The Tie and how Josh approached founding the business. The digital asset data market. How sentiment data has evolved in the digital asset industry. The buy-side landscape for digital assets and how Josh sees that evolving in the coming years. The Canton Network and how The Tie is working with this new protocol. To learn more about The Tie visit their .
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Ria sits down with , CEO and Co-Founder of , a universal stablecoin platform that enables customization while preserving interoperability across assets. In this episode, we cover: Lessons from MakerDAO Drawing inspiration from the dual banking system Building a base asset that is decentralized, permissionless and ossified Issuing opinionated assets via wrapping and extensions while maintaining interoperability
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Matt and Nic are back for another week of news and deals. In this episode: The GENIUS Act passes the Senate Should GENIUS be stapled to market structure? Bessent thinks stablecoins could be $3.7T by 2030 Stablecoin FUD Will stablecoins destabilize the US Treasury market JPM's stablecoin FUDs JPMD's deposit token will launch on Base The future of stablecoin yield in the US Circle hits a $50b market cap Yellowcard partners with Visa in Africa Kraken will launch a token for their Ink L2 Are Walmart and Amazon looking at their own stablecoins? An Iranian crypto exchange is...
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Sean is joined by Santi Alvarado, CEO/Co-Founder of , to cover their seed raise and how money moves cross border. In this episode: Background of Santi and how he made his way into crypto How legacy FX settlement operates today How XFX enables more liquidity for cross border payment companies
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Wyatt is joined by , Digital Asset and Blockchain leader at KPMG, for a conversation on the state of crypto auditing. In this episode: How KPMG works with crypto companies and protocols Relevant new innovations in the crypto space What to look out for as a new founder
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Matt and Nic are back for another week of news and deals. In this episode: Stripe acquires wallet infrastructure company Privy for an undisclosed sum Fireblocks’ stablecoin data Stablecoin FUD Were mnemonic phrases a local maxima? Bullish and Gemini have filed preliminary paperwork for IPOs Soc Gen is launching a USD stablecoin We look at some infamous rogue traders Gamestop’s bitcoin strategy is a flop DTCC is looking at issuing a stablecoin
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Matt and Nic are back for another week of news and deals. In this episode: Circle goes public and has an explosive first day The IPO window is open Circle’s vision for CPN is launching a token Will cannibalize Solana? JPM will let clients use Bitcoin ETFs as collateral Strategy introduces new offerings Magic Eden’s strange Trump wallet app announcement Truth Social Bitcoin ETF A K Pop Bitcoin access vehicle Korea’s cultural renaissance Singapore’s abrupt change in posture
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Wyatt sits down with from the to talk stablecoins. Covered in this episode: Payments in Kenya and Sub-Saharan Africa Stablecoin usage and USDT The future of non-stable tokens
info_outlineMatt and Nic return for another week of news and deals. In this episode:
- BRC20 PEPE versus ERC20 PEPE
- Is PEPE an alt right coin?
- What’s driving up fees on Bitcoin?
- The relationship between HEX, XEN, and VPMX
- Bitcoin’s circular firing squad
- The upside of high fees in Bitcoin
- Why the White House’s DAME mining tax is counterproductive
- What is the $18b tax loophole the Biden admin thinks crypto investors are taking advantage of?
- What’s the deal with blue checks?
- The difficulty of bootstrapping new social networks
- Bittrex is filing for bankruptcy in the US
- The Democratic messaging on the crypto hearing
- The US chamber of Congress files an amicus brief in the Coinbase v SEC case
- Texas passes a bill to support flare gas mining
- The Wyoming Stable Token gets closer to becoming a reality
- The US Chamber of Commerce amicus brief in the Coinbase v SEC case
- Can the US government afford these interest rates?
- Matt and Nic solve the debt crisis
Content mentioned in this episode:
- Reuters, Cryptoverse: Digital coins lure inflation-weary Argentines and Turks
- Nic Carter in Coindesk, The White House’s Bitcoin Mining Tax Undermines Itself
- Two Ocean Trust, Revisiting the Case for Bitcoin
- Nick Neumann at Casa, Hands Off our Self-Custody
Sponsor notes:
- Coin Metrics State of the Network - Bidding on Bytes: A Bitcoin & Ethereum Fee Market Update
- In this week’s report, the Coin Metrics team examines the underlying causes of the recent surge in transaction fees on Bitcoin and Ethereum and explore the implications of this development for the future.