U.S. Bank resumed Bitcoin custody this week. First major bank back in the game since custody economics became viable again.
Institutional Bitcoin ETF holders exploded from 61 to 3,300+ this year. The infrastructure is finally working.
For all you book-worms out there, @solsticefi has gone long form... if reading ain’t your thing, catch us on the 23.5 Degree podcast hosted by our very own @ryanday
1/ Coinbase and Mastercard are both bidding on the same stablecoin infrastructure company. The price: $2b for BVNK.
BVNK processes $20b annually. That would make it the largest stablecoin infrastructure acquisition on record.
Weekly news 🧵
2/ @solsticefi’s USX scaled past
Solana: Penny fees, soon 150ms settlement. 24/7 open, 100,000 transactions at peak activity.
USX is Solana-native from the ground up. YieldVault brings our private delta-neutral strategy to onchain.
Combine them, you get the baseline yield layer for Internet Capital Markets.
The US Treasury wants your opinion on how to regulate $290 billion in digital money. They gave you 30 days. Most people won't even notice.
This is an "Advance Notice of Proposed Rulemaking" - the step before the US Treasury writes actual stablecoin regulations. Comment period