TL;DR The dude that held up the “Buy Bitcoin” sign while Janet Yellen was giving testimony to congress back in 2017 just sold the notepad for 16 BTC (roughly $1M). Full Story Let’s close out the week with a fumb one shall we? (Fumb = fun + dumb). Remember that dude that held up the yellow legal pad reading “Buy Bitcoin,” while Janet Yellen was giving testimony to congress back in 2017? This was him then: This is him now: (On the right, not the left — can you imagine??) See how he’s smiling? That’s cause he just sold his “Buy Bitcoin” legal pad for 16 BTC (roughly $1M). The takeaway: Meme ..read more

TL;DR Stripe is bringing back crypto payments, allowing their customers to integrate with USDC in the click of a button. Full Story BIG NEWS! Stripe is bringing back crypto payments! If you’ve ever bought anything on the internet, chances are you’ve used Stripe’s services, without even knowing about it. They’re the company, that other companies use, to power their payment processing. (With over $1 Trillion (with a T) worth of transactions completed in 2023 alone). The forward-thinking founders, the Collison brothers, are no stranger to crypto. Coinbase previously allowed merchants to recei ..read more

TL;DR It feels like there’s still a ways to go before the market gets its confidence back — which could well manifest itself in a sideways snooze fest for the next week or so. Full Story Alright, time for a much belated bi-weekly (ish) check in with Bitcoin and the broader crypto market. Bitcoin sold off between Wednesday night, dipping as low as $62.8k on Thursday morning, after a bunch of long positions got liquidated. Translation: once Bitcoin started falling, a bunch of BTC holdings that were bought using borrowed money were automatically sold off to cover each account’s losses. (And t ..read more

TL;DR Australia just joined the 1,000+ Bitcoin ATM club alongside the US and Canada, The DOJ wants 3 years for CZ, Bitcoin’s inflation rate is now lower than Gold’s. Full Story You know that trick you use to get your dog to eat his heart worm medication? (Sandwich it between two pieces of steak and hope he doesn’t notice). This is like the news version of that: Australia just joined the 1,000+ Bitcoin ATM club alongside the US and Canada. (The easier something is to do, the more we tend to do it...) The DOJ wants three years of jail time for Changpeng ‘CZ’ Zhao (former CEO of Binance ..read more

TL;DR Square payments will soon allow stores to automatically convert a portion of retail sales into BTC (and US physical retail pulls $5.79T in yearly sales). Full Story There’s a reason we all watch more television and order more take out now, than ever before. It’s thanks to the likes of Netflix and DoorDash — they make accessing content and food delivery ridiculously easy. And the easier something is to do, the more we tend to do it. This new announcement from Square payments aims to do something similar for Bitcoin. In case you’ve been living under a rock — Square’s payment systems ar ..read more

TL;DR The team behind Runes built in a way to programmatically reduce the minimum required number of letters by one character every 17,500 blocks, to prevent name squatting. Full Story Is Runes the most interesting and well thought out innovation since the creation of Bitcoin itself? It just might well be! We’ve already written about the Rune protocol here and here - and today we’re back to explain why so many of the names of Runes projects are so long and weird. A quick scroll through Runes on Magic Eden shows names like: DOG•GO•TO•THE•MOON, Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z and even, ALL•YOUR•TIC ..read more

TL;DR The Injective community voted to approve changes to the INJ 3.0 tokenomics system, with 99.99% approval, moving it towards ultra-sound money. Full Story Something cool happened yesterday. The Injective community voted to approve changes to the INJ 3.0 tokenomics system. “That doesn’t sound very cool.” - you, probably. But it is cool (we promise), here’s why: The proposal plans to make INJ "one of the most deflationary assets in crypto” by making it four times more deflationary over the next two years. Bitcoin is commonly referred to as 'sound money’ because it has a guaranteed total ..read more

TL;DR Stacks, the Bitcoin L2, can now process faster transactions and push all settlements to the BTC L1 (pretty much exactly the same method ETH is using to scale). Full Story Is it just us or does it feel like Bitcoin is trying to become the new Ethereum? Yesterday we covered BTC’s adoption of one of ETH’s key features (token creation) — and not 24hrs later, we’re covering another feature yoink. Stacks, the Bitcoin layer 2, just went through its Nakamoto upgrade, enabling it to process faster transactions and push all settlements to the BTC layer 1. (Ooops! We made a word salad!) Here’s ..read more

TL;DR Grayscale is creating a new, low fee ETF and letting its existing shareholders move over to it (tax free), meaning the original high-fee fund’s days are numbered. Full Story This should logically result in the death of the Grayscale Bitcoin ETF. (We can’t see how it wouldn’t). But shoot, we’re jumping the gun here… First, if you’re not up to speed on the BTC ETF gossip, here’s what you’ve missed: When all of the BTC ETFs launched, Grayscale didn’t start cold — instead, it converted its Bitcoin Trust into an ETF — the exact differences between which you don’t need to know for this sto ..read more

TL;DR Shiba Inu has just raised $12M with plans to launch TREAT (a new privacy-focused token) and has changed the narrative of meme coins while doing so. Full Story Meme coins - they’re all the rage this cycle. But this time it’s a little different. This time, instead of meme coin projects creating ‘unbelievably exciting’ roadmaps (that have no chance of ever being fulfilled), they seem to be more in the camp of ‘telling it how it is.’ (E.g. Dogwifhat explains that their coin is “Literally a dog wif a hat” — that’s it). Many meme coins from last cycle, which touted a roadmap that they coul ..read more