Episode 119: The Cat is Loose

Bitcoin Dad Pod

Halving the next hype cycle

• 101 days and 14512 blocks left

News

• ETF?

• SEC’s bitcoin ETF tweet fiasco may end in fraud charges, lawyers say - Blockworks

Day 1 Trade data:

• Grayscale: $2.3 billion
• BlackRock: $1 billion
• Fidelity: $700 million
• ARK 21Shares: $288 million

• Bitwise: $125 million

• Coinbase did $7B in Bitcoin transfers OTC during the day.

• Wally Street seems happy with the results

  • $200M of folks finally getting out

• Eric Balchunas on XX

• James Seyffart on X

"UPDATE: We don't have to wait till tonight for $GBTC Flows. Just -$95 million. A fraction of what I and many were thinking. This means yesterday was a huge success in my opinion. Likely going to see an inflow number for $BRRR from Valkyrie too! Day 1 Net flows sit at $625 mln

• The FCA, Britain's consumer financial regulator, guidelines discriminate against certain customers as unsuitable to buy bitcoin

Economics

• Arthur Hayes on the confluence of financial system, banking, and economic stress, which means bitcoin might dump

  • This relates to the U.S. central bank's BTFP expiring in March

• Shinobi on Bitcoin Magazine explains the economic rational for layered scaling in terms of Jevons Paradox, the observation that increasing efficency can also increase demand, which increases price

Privacy

• GrapheneOS discloses vulnerabilities actively exploited by forensic companies \ stacker news ~security

The team and users at GrapheneOS have uncovered a vulnerability in smartphones being actively used by digital forensics companies / exploit brokers to facilitate extractions in the after-first unlock (AFU) phase.

Bitcoin Education

• Bitcoin Optech #238 covers lightning anchors and LN Symetry, as well as reviwing some bitcoin core review club questions

Feedback

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Sponsors and Acknowledgements

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