Bitcoin since the start of time, back when Satoshi still posted. I talk about how this market works, one mechanism at a time. Wallets, liquidations, custody.

digital nomad
Joined June 2009
Money you need permission to use was never really yours. That idea got me into bitcoin:native early, and it has not let go of me since. Bitcoin is ordinary people taking their financial freedom back. Most people have just never been shown how it actually works. Showing them is the other half of this account. Wallets, chains, markets, one mechanism at a time, explained before they cost you. Learn how the thing works and nobody can sell you your own ignorance again. No price targets. No forecasts. If I post a number, it's a fact. Say something in the replies. I read all of them.
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When @Ripple won its OCC trust bank approval I assumed the New York licence was done. They kept both. The NY issuer still issues $RLUSD. The national trust bank holds reserves and runs custody. Two regulators on one stablecoin. Still working out why.
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The DeFi I signed up for had no custodian in it. Code held the collateral. @chainlink and @Anchorage ship CustodySync. Anchorage keeps the collateral and runs the liquidations, shared price data lines up the loan value, per The Defiant. Not sure yet if that's a loss.
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For years I heard AI and crypto called two bubbles sharing a headline. Today @cz_binance said crypto will be the AI era's core currency, with a bigger role for BNB Chain. My read: software can't open a bank account. It can hold a wallet. That part I buy.
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I have never liked the word custodial. Blink just reminded me why, per their blog: $1 a month on custodial accounts nobody has opened in a year. Fair enough, someone pays to babysit coins! We just forget it was never going to be free. Your keys, no rent.
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Seven of the world's biggest banks now run on @coinbase rails. Brett Tejpaul calls it their Kodak moment! His own read: the driver has moved from ETFs to stablecoin payments. Citi account to USDC in a second. And $BTC is still a tech trade to them. We can wait.
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Sterling found a blockchain it likes. Only took it a while. Aviva Investors put a tokenized share class of its $29B Sterling Liquidity Fund on the XRP Ledger, per The Block. A $29B fund deciding this was worth doing is the bit that gets me.
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Voters on both sides are scared of what the other lot would do with Congress, per a CNBC survey. Finally, something we all agree on. Polymarket has Democrats at 93% for the House. I hold $BTC because its rules don't change with the seating chart.
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No market for trust yet. That 93% only pays out on who takes the House, the nerves are about what they do with it.
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Turns out the trick to borrowing $40B for GPUs is owning a rocket company. Per @elonmusk, the investment-grade rating and Starlink revenue kept credit flowing. Lenders are getting wary of AI-only compute firms. I'd read that twice if I ran one.
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Fed week hits Bitcoin with $11B options expiry. Markets, DXY, and rates all collide. The curve’s tightening, and I’m watching the edge.
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I'm not ready to call $41.1M into @Grayscale's ZCSH a privacy rotation. Best week since mid-September per Crypto Briefing, but it only clawed back part of a three-week outflow streak, and the week opened with $10.4M out. One good week. I want to see the second.
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Calling this a $DOGE split feels generous to me. Per The Defiant, House of Doge keeps limited investment-product rights, and a separate deal would trade Such App assets for $4M in Dogecoin Labs stock. Breakups don't usually end in a stock swap.
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A malicious server could hand an Electrum user a fake payment, then get them to sign it with a higher fee baked in. Patched now. Developers say one user reported losing money. We check the address. I'm not sure many of us check the fee.
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I keep rereading this. Tether reportedly paid more than $6M to Nxum, a firm Bo Hines co-owned while he worked on stablecoin legislation, per CryptoSlate. Then he left to run Tether_to's US stablecoin arm. Blumenthal wants the records by Nov. 6. So do I.
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$BTC lost its 50-day SMA and I care less about the line than the leverage piled around it. BeInCrypto flags liquidation clusters and ETF outflows into the weekend. Liquidations fill as market orders, so one push forces the next. Which direction, I can't tell you.
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The just:native buyback headline says $20.34M. The word doing the work is "phases": legacy surplus released over time for future buybacks, per JUST's announcement. CryptoSlate runs it as a paid partner story. I'll get excited at the first burn I can see on-chain.
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What bugs me in Cointelegraph's self-custody piece: implants in some Ledger devices lifted recovery phrases, and a Coldcard firmware bug let attackers rebuild keys. Neither was a beginner mistake. We told newcomers to buy the box, and the box is where it broke.
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In June Franklin Templeton filed two bitcoin DRIP ETFs, no tickers, no fees. I filed it under we'll see. The 8-A is in. 95% stocks, 5% $BTC. A normal DRIP buys more of the stock that paid you. This one buys $BTC with every dividend. Hold and add. Fine by me.
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Bank of Korea wants stablecoins treated as a means of payment. I read that as a door opening. Then I checked the term. In Korean forex law it is an instrument whose cross-border movement must be reported, per @BitcoinMagazine. Same controls as a wire to New York.
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Three days of $BTC ETF inflows, $1.08B, and my timeline called October saved. Thursday pulled $635M back out, the biggest single day since June per SoSoValue. October is net negative again, $175M. Same week is still $443M in. Depends where you start counting.
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