Final Settlement and conversations from the Early Riders team on Bitcoin, markets, and the technology reshaping both.
Roughly 4,000 Bitcoin, about $320 million, was drained from the Liquid Network after an exploit let the attacker inflate the supply of LBTC and peg out against reserves the sidechain did not have. Most of the coins have since been offered back…
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BitGo is acquiring NYDIG's institutional trading business, roughly 30 employees plus the client book, for a reported $42.5 million, extending a custody franchise into derivatives and financing. Russia's largest bank is moving to accept…
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The Treasury doubled its bond buyback operation, moving from a $2 billion ceiling to a $4 billion floor and issuing at the front end to buy the long end, and Bessent signaled that close to $1 trillion could be tapped to keep it going. Bitcoin…
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NVIDIA is taking on the role Gavin Baker calls the "Federal Reserve of AI," using unprecedented seller financing to backstop its largest customers, which raises the question of who absorbs the losses if the roughly $650 billion in annual AI…
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The CLARITY Act has slipped to a September 15 Senate vote with the chamber in recess, and odds of 2026 passage are falling. Bitcoin absorbed that delay alongside the Coldcard exploit, BIP-110 infighting, and Saylor selling without breaking…
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The Coldcard exploit escalated into the largest self-custody incident in Bitcoin's history, with close to 2,000 BTC drained after Coinkite confirmed a five-year-old flaw in on-device seed generation that had silently downgraded the random…
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Jensen Huang's first-ever post on X shared NVIDIA's letter arguing the world needs both frontier open and closed models, sharpening the open versus closed debate as…
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Kimi K3 lifts Chinese models to 58% of OpenRouter tokens, Stripe and Advent bid $53B for PayPal, and Citadel Securities buys into Crypto.com at a $20B valuation.
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On this week's Final Settlement, 54 firms including BlackRock, Goldman Sachs, and JPMorgan joined a UK tokenization task force as Swift piloted tokenized deposits across…
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On this week's Final Settlement , the crew unpacked Trump's $1.4 billion digital asset disclosure and what it means for the Clarity Act, dissected Open…
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On this week's Final Settlement , the crew broke down Strategy's five-point plan and what the BTC monetization program signals about where the thesis…
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On this week's Final Settlement, the team unpacked Anthropic's Mythos release-and-retraction as a deliberate play, broke down mounting evidence that AI…
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On this week's Final Settlement, the team unpacked SpaceX's $1.77 trillion IPO, the Zcash inflation bug discovered by an AI model, Wall Street's coordinated…
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On this week's Final Settlement, Strategy disclosed its first Bitcoin sale since 2022, Jamie Dimon lashed out at the Clarity Act as JPMorgan builds closed-loop deposit…
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On this week's Final Settlement, Iran launched Hormuz Safe, a Bitcoin-denominated insurance platform targeting $10 billion in annual revenue.
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On this week's Final Settlement , Coinbase posted a $394 million Q1 loss as 11-person Hyperliquid netted $200 million in profit. The Clarity Act targets…
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On this week's Final Settlement , the Clarity Act compromise broke the stablecoin standoff, with current odds claiming there is a 62% chance that the bill…
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On this week's Final Settlement, institutional pressure to freeze Satoshi's coins echoed the original Block Size Wars. Treasury Secretary Bessent's…
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On this week's Final Settlement, Onramp launched Onramp Finance, a Bitcoin and dollar platform in partnership with Stripe offering 5% cash rewards, a 1.5% spending card…
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Iran accepts Bitcoin for Strait of Hormuz passage, Morgan Stanley puts its own name on a Bitcoin product, and where the Clarity Act stands.
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On this week's Final Settlement, North Korea's Lazarus Group pulled off a $285M DeFi heist, Coinbase and EDX filed for OCC trust charters, OpenAI bought the TBPN podcast…
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On this week's Final Settlement , Morgan Stanley launched MSBT at 14 basis points, the cheapest spot Bitcoin ETF on the market and the first issued by a…
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(11:09) - Crypto market structure: CFTC/SEC clarity and the Clarity Act
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On this week’s Final Settlement, Bitcoin’s outperformance against every major asset class since the war underscores a broader thesis: store your value in a…
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On this week's Final Settlement, Mauricio Di Bartolomeo, co-founder and CSO of Ledn, joined Brian and Liam to break down a milestone moment for Bitcoin-backed lending…
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Last Friday, Jack Dorsey did something that will echo across every boardroom in America for the rest of 2026. He laid off over 40% of Block's workforce…
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On this week’s Final Settlement, OpenAI’s quasi-acquisition of OpenClaw raised important questions about open source integrity and data privacy as AI agents gain root…
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Bitcoin hovers around $70,000 following last week’s sell-off, while the Coinbase Super Bowl commercial drew widespread boos.
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Bitcoin is tied down in the 70s and 80s despite favorable regulatory tailwinds. Major institutions continue building digital asset infrastructure as Morgan Stanley…
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On this week’s Final Settlement, the digital asset IPO pipeline continues to expand as BitGo became one of the first digital asset infrastructure companies to go…
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On this week’s Final Settlement, the Congress’s Clarity Act stalled due to contentions around stablecoin yields.
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Wall Street’s digital asset pivot is moving from allowing access to owning the economics. The issuer race is now in full swing after Morgan Stanley filed for a branded…
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Over winter break, macro markets advanced: gold and silver rallied, and Bitcoin regained momentum.
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2025 marked a significant year for bitcoin’s transition from a speculative asset to a durable infrastructure.
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The long-anticipated moment arrived this week: banks are officially here. The OCC greenlit crypto transaction intermediation and approved multiple national…
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Bitcoin’s return to the 90s sparked little excitement on its own, but the market beneath it looks very different.
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This week Tether’s audit went live, highlighting overcollateralized stablecoin deposits, with investments in gold and bitcoin, rather than solely US…
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Despite the recent volatility, institutional demand for digital asset infrastructure remained robust as major investment firms such as Citadel compete for a handful…
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The ongoing U.S. government shutdown and talk of “tariff dividends” or new stimulus whipsawed sentiment, with BTC wicking lower before snapping back as…
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MasterCard is reportedly buying Zero Hash for ~$2B as distribution players race to own stablecoin and payments plumbing, yet the endgame still points to…
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JPMorgan’s plan to accept BTC/ETH as loan collateral by year-end pushes Bitcoin into “bank-grade” territory and forces real work on custody, LTVs, and 24/7 risk.
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The UK is opening retail ETP access, Japan’s megabanks are circling yen and dollar stablecoins, and Coinbase is buying distribution in growth markets.…
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A sudden risk-off shock then ran a 24/7 stress test across "crypto": alts cratered, and spot BTC wicked before snapping back, reinforcing that no leverage and cold…
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Institutions are repositioning as hard-money assets rip and digital rails go mainstream. Gold printed $4K while Bitcoin made new all-time highs, putting the…
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Institutions are circling while policymakers experiment with digital rails. This week we dug into Tether’s audacious raise and US-focused stablecoin, big…
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On this week’s Final Settlement, the team recaps the Nashville conference and digs into a wave of paper-Bitcoin engineering: the Strive–Semler all-stock treasury…
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