@CryptoBizzle
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CryptoBizzle retweeted
The Avalanche Summit is only 2 weeks out.
We're happy to announce that we are the official media partners this year. September 16-17 in New York City!
The Block joins Avalanche Summit as an official media partner.
Two days of interviews with the founders and executives building onchain finance, published from the floor as they happen.
On the record, @TheBlockCo live from NYC.
CryptoBizzle retweeted
EXCLUSIVE: Inside Tether’s KPMG Audit: Gold Bars, Bitcoin, and $6B in Excess Equity
Tether CEO Paolo Ardoino joins The Starting Block to unpack details of their KPMG US audit.
Ardoino explains how Tether finally cleared the biggest hurdle in the room with a Big Four audit from KPMG US, why the timing mattered, and what the new yearly audit plus quarterly attestations mean for the company and the industry.
Timestamps
00:00 - Paolo Ardoino joins to discuss Tether’s Big Four audit announcement
01:16 - Why the audit took years and what made it possible now
03:31 - Why Tether chose KPMG US after earlier controversy around attestations
04:58 - Yearly audits and quarterly attestations as a transparency standard
05:15 - Responding to critics who still question Tether’s transparency
06:36 - The 7 billion redemption stress test in 2022
07:57 - Why auditors counted gold bars in Tether’s reserves
08:40 - Tether’s gold and Bitcoin reserve holdings
09:23 - The private fundraising narrative and why Tether says it does not need capital
12:31 - Tether’s AI effort, Qvac, and the mission to serve the unbanked
14:59 - Supporting Bitcoin security work after the Coldcard exploit
16:52 - Confirming annual audits and quarterly attestations going forward
CryptoBizzle retweeted
THE STARTING BLOCK EXCLUSIVE:
"Being wise, wisdom, is achieved through proof of work. Through experience, through trial & error, through failure. If being wise was a simple as reading a few books, we'd all be wise."
Catch @jackmallers LIVE | 31 July | 11AM ET/5PM CET
CryptoBizzle retweeted
THE STARTING BLOCK EXCLUSIVE:
Catch Charles Hoskinson live to wrap up the first month of the show!
@gazza_jenks wants to know:
🚁 Did he sell the Black Hawk?
🐜 How bad were the bullet ants?
❌ The real reason he left @X
⌛️ The future of @Cardano
24 July - 11AM ET/5PM CET
Another major Polymarket dispute happening right now.
This one is a little more ambiguous than the Saylor selling bitcoin resolution from earlier this month, in my opinion.
Both Trump and Iran announced there would be an MoU peace deal on June 15, the deadline date for one of Polymarket's "US x Iran permanent peace deal by" market.
This pushed the market for the June 15 deadline to resolve as "Yes," but traders are disputing the call, saying an MoU isn't permanent and that there are issues like nuclear access and sanctions that could muck up the deal.
Trump is now saying this morning that the US could go back to dropping bombs on Iran if it doesn't behave.
There are still 9 hours for the UMA vote to conclude, but over 99% of voting power has already voted to keep it resolved as "Yes," so it's essentially a done deal.
Read more 👇
I lived in Vietnam between 2015 and 2025. The scenario in this video just isn't applicable anymore.
Virtually every single person in VN already uses their bank apps and QR codes to instantly move money 24/7.
I've used them to pay for coffee in nice air-conditioned cafes in big cities and used them to buy fruit in rural wet markets.
And yeah, I know, don't trust banks and all that.
But your average Minh and Phuong simply aren't going to add an extra couple of steps to a payment system they already know, and that has worked for them for years.
I'm still in the 'bitcoin is a store of value' camp and don't see that changing any time soon.
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I was surprised to find out that Nobitex wasn't already sanctioned by the US.
OFAC also sanctioned three other trading platforms and Nobitex's current CEO and three of its co-founders today.
One thing of note from the release, the Treasury reverted back to claiming that it had only seized "nearly $500 million" in Iranian crypto after Bessent got on stage at the NREF last Friday, boasting that it was nearly $1 billion.
Read more 👇
People who bought 'Yes' contracts on Polymarket for the 'Will Strategy sell bitcoin before May 31?' pool aren't happy today.
Strategy's latest SEC filing shows that it did indeed sell 32 BTC between May 26 and May 31.
But Polymarket is arguing after the fact that "confirmation achieved outside of the market's time frame does not qualify," so the pool should result to 'No.'
The page still shows that the results are under final review.
Read more👇
CryptoBizzle retweeted
"Just outright grabbed the wallets," Bessent said Friday. "Some of them may be typing in right now and might not realize that their wallet has been grabbed."
The U.S. government holds ~328,000 bitcoin, the largest known state holder in the world. At current bitcoin:native prices, that's worth just over $24 billion.
theblock.co/post/403075/us-h…
Texas has been taking some big steps to set up its bitcoin reserve.
Committee members joining Comptroller Hancock include the CleanSpark CFO, the CEO of Cormint, a law professor and a Texas state investment exec.
The state is also looking for a firm to help in acquiring, managing and custodying bitcoin for its reserve.
At the moment, the reserve has $10 million in IBIT, but its looking to move that over to direct BTC holdings later this year.
Read more 👇
Strive became the seventh-largest bitcoin treasury company after a fat 1,109 BTC buy.
It was coming sooner or later.
Coinbase has added less than 2,000 BTC to its balance sheet this year, while Riot has sold off ~4,300 BTC to help fund its AI/HPC data center pivot.
There's still a massive 7,800 BTC gap to reach #6 Bullish.
I've seen a handful of reports and headlines saying that the new ARMA bitcoin reserve bill will have the US buying 1 million bitcoin over the next five years.
I got a draft copy of the bill from Begich's offices, and it doesn't say that anywhere.
Word is the official text will drop sometime next week, so let's wait and see.
Here's what we know so far 👇
Minnesota is next in line for a CFTC lawsuit.
A 35-page omnibus bill signed last night by Governor Tim Walz included a provision that the CFTC called "the first outright ban on prediction markets in the U.S."
The bill would also extend criminal liability to payment processors, media organizations, and sports leagues that advertise, verify, or provide data tied to prediction markets.
The CFTC is flexing its "exclusive jurisdiction" over prediction markets, telling states to keep their hands off.
Read more 👇
