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Arnold points out that bond volatility has not risen significantly despite Treasury yields hitting the 4.5%-4.6% range, noting lower highs on the Move Index chart.
Arnold suggests the Treasury may be more concerned with managing bond volatility than absolute interest rate levels, citing analysis from Michael Howell.
Bent notes Japan's benchmark bond yield has hit a 30-year high, making its bond market a key bellwether for the global system given its role in the carry trade and its heavy dependence on Middle East energy.
Arnold says the Bank of Japan's rate hiking cycle appears set to continue, but cautions against a 'something is breaking' narrative, noting the U.S. wants more normalization and must manage it against disorderly unwind of the yen carry trade.
Arnold notes the ABA urged the OCC to slow charter approvals for crypto firms, but the Trump administration's OCC moved ahead anyway, granting Circle a national trust bank charter in July.
Arnold analyzes the OpenUSD consortium as a major move to reshore U.S. control over the dollar system, involving a consortium of payments and tech giants aiming to define a dollar as a digital balance backed by Treasuries.
Arnold interprets a headline about a 'turf war' between Treasury and Commerce over the Bitcoin Strategic Reserve as a sign key architects still care about the SBR and are pushing to get it done, rather than shelving it.
Arnold cites River data showing the U.S. government has an uncontested lead in Bitcoin holdings, positioning the U.S. as uniquely advantaged to press this strategic advantage within its broader re-architecting of the dollar system.
MX sees Bitcoin's ultimate failure scenarios as its greatest security milestones, citing the 2017 no2x conflict as the moment he gained certainty that Bitcoin was unstoppable.
MX dismisses NFTs as repackaged ICO scams and money laundering, arguing they distract artists from making substantive work and prey on creators desperate for income in a fiat system.
MX proposed a physical art authentication system using Bitcoin vanity addresses and OpenDime hardware wallets before CoinKite developed the SAT chip, aiming to start conversations with non-bitcoiners.
MX maintains a verification website tracking OpenDime addresses attached to his paintings, marking them void if the coins are swept, but halted shipping art with pre-loaded Bitcoin due to ordinal network spam and mail theft.
MX argues the traditional art auction market is largely fake, dominated by fiat money movement schemes rather than genuine collector demand.
MX will display a major collection at Bitcoin Park in Nashville, aiming to create a flagship gallery and direct sales venue.
MX cites the FTX collapse and ensuing bear market as the trigger for his business pivot, forcing him to flood the market with art at lower prices to maintain cash flow.
MX believes artists should embrace earning money under a Bitcoin standard, where wealth reflects genuine value creation, unlike the fiat system that rewards treachery.
MX is hiring a full-time project manager, preferably based in Alberta, to handle logistics so he can focus solely on design and marketing.
Jay Dyer cites the Rothschild biography by Morton showing they crashed the London stock market on false Waterloo news, a pattern repeated by Jeffrey Epstein and the Ghosh in emails about exploiting crises.
Michael Saylor and Adam Back oppose BIP-110, arguing the fork risks invalidating legitimate transactions and undermines Bitcoin's permissionless ethos. Saylor called spam less dangerous than the fork itself.
BIP-110 is a proposal to temporarily cap data transactions on Bitcoin to limit Ordinals inscriptions for one year. It requires 55% miner support to activate, but current signaling stands at zero.
David Bennett argues BIP-110 is an attempt to police transactions and a waste of time, noting the Ordinals spam issue is real but censorship is worse. He compares the debate to the failed 2017 block size wars.
Strategy sold $467M worth of MSTR shares but did not buy or sell Bitcoin. The firm's USD cash reserve increased by $450M to $3B, while its Bitcoin holdings remained at 843,775 BTC.
Strategy's Bitcoin holdings represent about 4% of the total supply, purchased at an average cost of $75,476 per coin. The current paper loss on that position is roughly $10.7B.
David Bennett notes Ordinals inscriptions have dropped to under 10,000 per day recently, down from a peak of over 400,000 in August 2023.
The Bank of Thailand is auditing high-volume USDT transactions to crack down on money laundering and gray money. The move expands bank compliance duties to cash networks, gold trading, and stablecoin flows.
David Bennett criticizes central banks like Thailand's for making de facto laws, arguing unelected bodies shouldn't wield that power. He sees global financial control efforts as a sign systems are breaking.
Chinese prosecutors proposed treating use of crypto mixers or privacy coins as presumptive evidence of money laundering intent. Over 3,000 people were charged with crypto-related money laundering in China in 2024.
SBI VC Trade in Japan launched a lending service for its yen stablecoin (JPY SC) offering a 3% annualized yield. David Bennett warns this smells like a scam, stressing the critical question is what generates the yield.
David Bennett promotes OshiGood's huddle butter, a pecan-based spread, as a Circle P product where Bitcoiners can support each other in a circular economy outside the fiat system.
Dan Held argues treating the Bitcoin whitepaper as scripture is intellectual rigidity, ignoring market adoption. Bitcoin succeeded as digital gold because the world needed a non-sovereign store of value, not because it matched Satoshi's 'peer-to-peer cash' vision.