Weekly Roundup 12/20/24 (No SBR?, Prometheum, Crenshaw) (EP.585)
On The Brink with Castle Island
Release Date: 12/20/2024
On The Brink with Castle Island
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
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Matt and Nic are back with another week of news and deals. In this episode: Warning signs for the Bitcoin access vehicles? Has Bitcoin lost the MoE battle? Is OCP 2.0 over? The Dept of Labor rescinds their anti-crypto 401k guidance Cantor Fitzgerald is launching a bitcoin/gold fund Is it mathematically possible to give Bitcoin upside and gold downside? Content mentioned:
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We sit down with Anthony Yim, cofounder, to talk about the from Artemis, CIV, and Dragonfly, providing brand new estimates of stablecoin payments volume. In this episode: Why we decided to work on the new report How we obtained the estimates Why we decided to put together a bottom-up estimate Stablecoin b2b volumes compared to traditional b2b How do you measure stablecoin transactions? Download the report at
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and from join the show. In this episode: Non-USD stablecoins On-chain FX Microlending and financing for emerging markets
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Matt and Nic are back for another week of news and deals. In this episode: Trump’s crypto dinner reviewed Bitcoin access vehicles NYT stablecoin coverage Sui is hacked and censors the blockchain Kraken is launching tokenized stocks Circle in acquisition talks The GENIUS Act passes Cloture in the Senate Hong Kong passes stablecoin legislation
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Wyatt sits down with , founder of the issuer of GBPA, a pound sterling stablecoin. In this episode: The potential emergence of non-USD stablecoins The prospect of a GBP-backed stablecoin The British crypto regulatory environment How global financial institutions are positioning around stablecoins
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Matt and Nic are back with another week of news and deals. In this episode: Why is Boston such a good sports city? Price inflation in dinosaur skeletons Cryptopunks IP is sold Machinsky is sentenced Nakamoto Holdings launches Meta wants to add stablecoins to its platforms Exchanges are honeypots for KYC data Coinbase suffers a data breach The GENIUS act is going to a vote next week GENIUS act new provisions More Movement shenanigans Thailand is launching a $150m crypto token Content mentioned in this episode: Tuongvy Le and Austin Campbell published a paper, "", which...
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Wyatt sits down with Alex Cutler, founder of for another episode in our stablefi series. In this episode: DEX trading advantages Building on-chain FX DeFi as a backbone
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Wyatt sits down with TN, cofounder of . Covered in this episode: How Pendle works The evolution from alt yield to stable yield DeFi's future core assets
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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
info_outlineMatt and Nic are back with another week of news and deals. In this episode:
- Nic comes out against the SBR on Bloomberg
- More Prometheum nonsense
- MicroStrategy acquired an additional 15,350 BTC for roughly $1.5 billion, bringing the company's total holdings to 439,000 BTC. Microstrategy was also added to the Nasdaq 100 this week, which will lead to the stock's inclusion in several large ETFs including Invesco's QQQ.
- Anchorage Digital has received New York BitLicense approval, enabling them to offer digital asset custody and trading services to more customers in the state such as RIAs and other institutional asset managers.
- The US Senate scrapped a vote to renominate SEC Commissioner Caroline Crenshaw in response to immense backlash from the crypto community, led by Coinbase-backed non-profit Stand With Crypto, for Commissioner Crenshaw's treatment of the digital asset industry.
- A Texas state representative, Giovanni Capriglione, introduced a bill for the state to create a strategic Bitcoin reserve.
- Riot Platforms, the publicly traded Bitcoin miner, acquired 667 BTC this week for $67.4 million to add to their balance sheet, bringing their total holdings to 17,429 BTC.
- The NFT collection CyberKongz announced they had received a Wells Notice from the SEC.
- A California judge sided with Coinbase in a suit brought by BiT Global over the exchange's delisting of wBTC. Coinbase had recently moved to remove the asset, a tokenized version of BTC tradeable on Ethereum-based networks, following BiT Global, a custodian closely affiliated with Tron founder Justin Sun, assuming custody services for wBTC.
Sponsor notes:
- Coin Metrics, State of the Network’s Q4 2024 Mining Data Special
- A quarterly update on Bitcoin mining in Q4 2024