Best of bitcoinmagazine.com on Kiwi News
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60 stories from bitcoinmagazine.com have been shared on Kiwi News since 30 June 2023, with 118 upvotes and 27 comments in total. The latest was shared on 16 October 2026. The 50 most upvoted are listed below.
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- China Accuses U.S. of Stealing 127,426 Bitcoin Worth $13 Billion
China's National Computer Virus Emergency Response Center (CVERC) accuses the United States of stealing about 127,426 Bitcoin from the LuBian mining pool in a 2020 hack, which it calls a "state-level operation" allegedly orchestrated by U.S. intelligence. The U.S. Department of Justice says the action followed standard legal procedures and has filed forfeiture actions, claiming the seized bitcoin represents criminal proceeds. The article says the coins, valued at about $3.5 billion when taken, were worth roughly $13.3 billion at the time of reporting, and it ties the case to Chen Zhi, chairman of Cambodia's Prince Group, who faces U.S. charges for alleged crypto fraud.
- A Zero-Knowledge Proof Is Verified on Bitcoin For The First Time in History
Weikeng Chen, with sponsorship from Starkware, has produced the first implementation of a zero-knowledge verifier using Bitcoin script, which was confirmed on Bitcoin's Signet testnet on July 12, 2024. The project, called the "Bitcoin Wildlife Sanctuary," builds a STARK verifier using the OP_CAT opcode, with the STARK proof based on Starkware's open-source Stwo implementation and split into chained transactions. Chen says the proof of concept is not production-ready and that validity proofs take a lot of block space, which could become expensive.
- We've Turned A Generation Of Bitcoiners Into Digital Goldbugs
Shinobi argues that Bitcoin is a human-designed technology, not a natural force, and that treating it as "digital gold" leads people to ignore the risks that come with running it as software. He contrasts gold, which needs no patches and faces no denial-of-service attacks, with a decentralized network that must be maintained and can fail or be co-opted. He argues that Bitcoin's value as censorship-resistant money depends entirely on its decentralization, which must be actively defended, and that the current generation of Bitcoiners does not understand this.
- Strategy Could See $2.8B In Outflows If Indices Exclude MSTR
JPMorgan warns that Strategy (MSTR) is at risk of exclusion from major equity indices as MSCI prepares to decide on January 15 whether companies with large digital-asset treasuries belong in its benchmarks. Analysts say the company's market cap is around $59 billion and nearly $9 billion is held in passive index-tracking vehicles, with outflows of $2.8 billion if MSCI removes Strategy and up to $8.8 billion if other index providers follow. The report says the stock has fallen over 60% since last November's high and that its mNAV premium has collapsed to just above 1.1.
- Germany Proposes National Bitcoin Reserve, Views Bitcoin As ‘State-Free’ Money
Germany's Alternative for Germany (AfD) party has submitted a motion calling on the federal government to begin accumulating Bitcoin as part of its long-term reserve strategy. The proposal, submitted last week, frames Bitcoin as "state-free money" and contrasts it with the planned digital euro, which it warns could enable surveillance and control. It also argues that the EU's MiCA framework was designed for centrally issued tokens and should not apply to Bitcoin. The article notes the motion still needs approval and comes less than a year after Germany sold nearly 50,000 BTC between June and July 2024.
- Samourai Letter #1: Notes From The Inside
Keonne Rodriguez, co-developer of Samourai Wallet, writes from FPC Morgantown in West Virginia about his first day in federal prison, after surrendering on December 19 to begin a 60-month sentence. He describes intake, which included being issued a uniform, a medical and psychological screening, and gifts of clothing, food and toiletries from fellow inmates, including cellmate Mike and neighbors Dave, Omar and Hasan. The letter also promotes a petition to free Rodriguez and William Hill, another Samourai Wallet developer.
- Bitcoin Treasury Companies Are Bubbles
Strategy's bitcoin yield, the increase in bitcoin per share, is said to come from new shareholders rather than from business operations, so the company's model amounts to a Ponzi scheme, though bitcoin itself is not one. Shares are sold through large at-the-market offerings and through hedge funds' borrowed shares, and the premium of common shares over net assets, near double at the time of writing, sets the size of that yield. Bitcoin holdings rose from about 446,000 at the end of 2024 to above 550,000 by May 2025, funded partly by the Strike, Strife and Stride perpetual preferred stocks.
- How The IMF Prevents Global Bitcoin Adoption (And Why They Do It)
The IMF has pressured El Salvador, the Central African Republic and Argentina to abandon or roll back Bitcoin policies, a pattern presented as the main reason national adoption stalls in countries with IMF loans. In the Central African Republic, the regional central bank BEAC voided a 2022 Bitcoin legal tender law, and the IMF publicly condemned it on May 4, 2022, while tying a $191M Extended Credit Facility to policy compliance. The Sango blockchain project raised only $2M by January 2023 against a $2.5B target, which IMF reports attributed to technical obstacles, while the text links its failure to IMF concerns and a Supreme Court ruling.
- Trump Likes Crypto: Just As Long As It's For Grifting
Trey Walsh argues that Trump's involvement in crypto serves his business interests and fails to reflect Bitcoin's purpose, and that Trump's support for crypto is driven by making money rather than a real commitment to Bitcoin. He points to the $TRUMP meme coin, built on Solana with 1 billion tokens, of which 800 million are held by CIC Digital, a Trump Organization affiliate, under a three-year lock-up. Walsh says the coin's market cap reached approximately $6 billion and its price peaked at $33.7. He also cites Trump's 2021 statement calling Bitcoin "a scam" and says Trump would likely oppose using Bitcoin as a competitor to the dollar.
- US Hoovers Up Bitcoin, World Runs On Digital Dollars
Chainalysis reports that the U.S. became a net importer of bitcoin in 2026 for the first time since 2022, while stablecoins pegged to the dollar are spreading abroad. The report says institutions have been buying bitcoin this year while retail largely sells. It states that America's share of global Bitcoin activity has risen every reporting period since the 2024 launch of spot bitcoin ETFs, even as the overall U.S. crypto economy, valued at $2.78 trillion, contracted 2.2%. The report also says stablecoins have made U.S. dollar debt a currency of choice for peer-to-peer economies and cross-border businesses.
- At Bitcoin Asia Everything Was Upside Down
Joakim Book argues that at Bitcoin Asia 2025 in Hong Kong, the bitcoin movement's embrace of regulated treasury companies and Wall Street capital has left it looking upside down, with speakers' bullish claims contradicted by a falling price. He says the balance sheet has become the only thing that matters to bitcoin treasury companies, citing Alexandre Laizet, CEO of Europe's largest treasury company, who said on stage that "the balance sheet is becoming the P&L." Book notes that about 200 companies, led by Strategy and Metaplanet, are raising cheap fiat for bitcoin purchases, while the price fell from a hyped $125,000 to below $108,000 during the conference.
- Bitcoin Self-Defense, Part I: Wallet Protection
The article argues that Bitcoin wallet security still has a long way to go, since a single user mistake can cause large losses that cannot be reversed, and that defense in depth is the only viable strategy. It describes incidents including the 2011 theft of 25,000 BTC from Bitcointalk member "allinvain" after an intruder gained access to his computer, and Stefan Thomas's loss of 7,000 BTC after he erased two wallet backups and forgot the password to the third. Other examples include a 2013 Java application that captured a victim's wallet password and emptied his wallet, and a brainwallet user who lost 88 BTC when deleting a wallet file removed the private key for a change address.
- France Proposes National Bitcoin Reserve, Wants to Buy 2% of Bitcoin Supply
The center-right UDR party, led by lawmaker Éric Ciotti, has tabled a French Parliament bill proposing a national Bitcoin Strategic Reserve that would treat Bitcoin as "digital gold." According to the legislation and journalist Gregory Raymond, France would aim to acquire up to 2% of Bitcoin's supply, roughly 420,000 BTC, over seven to eight years. Funding would include a quarter of savings-scheme money, such as the Livret A and LDDS, with about 15 million euros spent daily on purchases. The UDR holds only 16 of 577 National Assembly seats, and the bill, which is far from approved, faces steep political hurdles.
- Samourai Wallet Gives In With Guilty Pleas, But It Was All Their Risk
Samourai Wallet developers Keonne Rodrigeuz and William Hill both took plea deals, which dropped conspiracy to commit money laundering charges in exchange for guilty pleas to conspiracy to operate an unlicensed money transmission service. Shinobi argues that the pleas, while not creating formal case law, could be cited in other cases and may chill software development generally. He also argues that the pair alone bore the risk of up to 20 years in prison for the money laundering charge, so criticizing them for accepting the deals is unfair to those who bore no such risk.
- Kraken Secures MiCA License To Offer Bitcoin And Crypto In Europe
Kraken has secured a license under the EU's Markets in Crypto-Assets Regulation (MiCA) from the Central Bank of Ireland, allowing it to expand regulated services across all 30 European Economic Area member states. The company already holds Virtual Asset Service Provider registrations in several European countries, including Ireland, Belgium, France, Italy, the Netherlands, Poland, and Spain. Co-CEO Arjun Sethi said the license reflects the company's commitment to responsible innovation and to meeting the central bank's regulatory expectations. The license opens opportunities in spot trading, derivatives, and payments.
- The Emerging Bitcoin Modular Ecosystem
The article argues that Ethereum's modular approach, which spreads activity across many separate blockchains, fragments users and developers and weakens interoperability, while Bitcoin's emerging modular stack, built on Lightning with Cashu, Fedimint and Nostr, aims for more open, permissionless interaction. It cites Mutiny as an example that connects to Nostr relays, Fedimint federations and Lightning Service Providers, and it notes risks such as LSP capital requirements, ecash mint regulatory and fraud concerns, and Nostr relay centralization. It says multiple Lightning companies are collaborating on a specification that would let any market actor implement its own LSP.
- The U.S. Military Is Running A Bitcoin Node, Admiral Says
Admiral Samuel Paparo, commander of U.S. Indo-Pacific Command (INDOPACOM), confirmed that the U.S. military is running an active node on the Bitcoin network, which he described as the first known confirmation of a U.S. combatant command directly participating in the network. Paparo said the command is conducting "a number of operational tests to secure and protect networks using the Bitcoin protocol." In Senate Armed Services Committee testimony on April 21, he described Bitcoin as a computer science tool rather than a financial asset, calling it "a peer-to-peer, zero-trust transfer of value." The article estimates there are 15,000 to 20,000 publicly reachable full nodes on the Bitcoin network as of early 2026.
- Riot Platforms (RIOT) Sells 3,778 Bitcoin In Q1
Riot Platforms sold 3,778 bitcoin in the first quarter of 2026 for $289.5 million, a shift as the miner redirects capital toward infrastructure and high-performance computing. The sales exceeded its quarterly production of 1,473 BTC by about 2.6 times, and Riot ended the quarter with 15,680 BTC, down 18% from 18,005 BTC at the end of 2025. In January, it sold 1,080 BTC to fund the purchase of 200 acres in Rockdale, Texas, and signed a ten-year agreement with Advanced Micro Devices to provide 25 megawatts of capacity, expected to generate about $311 million in contract revenue. The article also notes that Arkham Intelligence flagged a 500 BTC outflow from a Riot-linked wallet after the quarter ended.
- Are Bitcoin Treasury Companies Just Another Fiat Game?
The article argues that bitcoin treasury companies such as Strategy (MSTR) are largely a fiat-financed game, with their shares trading at large premiums to the bitcoin they hold. The author estimates that the 628,791 BTC on Strategy's balance sheet was worth about $77 billion at a bitcoin price of $122,500, while the firm's market capitalization was $110 billion, a premium of about 45%. The author says the premium can be justified only partly, by factors such as custody convenience, unannounced future purchases, regulatory arbitrage and other residual business value. The article also frames Strategy as a kind of bank that funds bitcoin through preferred shares paying 8-10% interest.
- Why Micropayments? The Internet Was Meant To Provide Value To Users, Not Spy …
Shinobi's second episode in a 10-part Bitcoin privacy video series argues that privacy and censorship resistance are inseparable, and that Bitcoin micropayments can help restore a privacy-respecting internet. The article states that without privacy, interactions can be exposed to external pressure such as shunning, shamming, jailing or penalties, and that most people will then censor themselves. In the episode, Shinobi speaks with Calle, creator of the Cashu ecash protocol, about how free internet platforms pay for their cost by sacrificing user privacy for advertising revenue. They also discuss how Cashu could enable bitcoin micropayments as an alternative, in line with the original HTTP "402 Payment Required" design.
- New Bitcoin Improvement Proposal Aims To Solve Future Quantum Security Risks
A new Bitcoin Improvement Proposal, introduced by Jameson Lopp, outlines a phased migration to post-quantum cryptography and warns that holders who fail to upgrade will certainly lose access to their funds. The proposal says future quantum computers could break the ECDSA and Schnorr signatures that protect private keys, and it states that roughly 25% of all bitcoin have exposed public keys on-chain. Phase A would prohibit sending bitcoin to quantum-vulnerable addresses, and Phase B, expected two years later, would make ECDSA and Schnorr transactions invalid, effectively freezing unmigrated funds. Phase C remains optional and may offer a recovery path using proof of possession of a BIP-39 seed phrase.
- White Noise: Anonymous Nostr DMs And Encrypted Group Chat
White Noise, a new privacy-focused messaging app built on Nostr, has launched its alpha v0.1.0 in public beta, adding end-to-end encrypted group chats and direct messages. The app uses the Messaging Layer Security (MLS) protocol, developed by the Internet Engineering Task Force, and introduces an anonymization protocol meant to hide sensitive metadata such as who is sending what to whom. Founder Max Hillebrand, a former contributor to Wasabi Wallet, said existing encrypted apps slow down at scale, with adding 100 people to a group chat slowing encryption to a crawl. The open source alpha invites audits and feedback from the privacy and Bitcoin community.
- Bitcoin Mining Centralization in the U.S.: A New Risk for the Industry?
The Cambridge Centre for Alternative Finance (CCAF) reports that the United States holds as much as 75.4% of global Bitcoin hashing power, based on a survey of 49 mining firms representing nearly half the network's hashrate. The article says this concentration equals roughly 600 exahashes per second of the global 796 EH/s and warns that it creates a centralization risk, since a future U.S. administration could try to control mining, for example through sanctions. It notes that China previously held 65–75% of hashrate before its June 2021 mining ban, and that the U.S. federal structure and weakened sanctions regime could act as partial safeguards.
- Brave Wallet Integrates Bitcoin Support For Its 60 Million Users
Brave's desktop browser version 1.63 adds Bitcoin support to its built-in Brave Wallet, including sending and receiving from Legacy, Nested SegWit, Native SegWit and Taproot addresses for compatibility with third-party wallets. Users can find the option in the "Accounts" section of Brave Wallet after updating to v1.63. Brave states that Bitcoin is expanding beyond peer-to-peer payments toward store-of-value uses and innovation in NFTs and DeFi. James Mudgett, VP Web3 Products at Brave, said the wallet aims to offer the most secure and privacy-considerate software wallet for everyday use. Brave also plans to let users store BRC-20 tokens and Ordinals later this year on desktop and mobile.
- Largest South Korean Parties Promise Bitcoin Etfs Before Election
Ahead of South Korea's April 10, 2024 legislative election, both the ruling-party-aligned People Power Party (PPP) and the main opposition Democratic Party (DPK) pledged pro-Bitcoin policies, most notably approval of a Bitcoin spot ETF. The PPP first signaled the shift on February 19, 2024, proposing a Digital Asset Promotion Committee and a temporary pause on capital gains taxes on cryptocurrency, possibly for two years. The DPK followed on February 20 with a plan to let individual investors buy Bitcoin ETFs through individual savings accounts, and promised a comprehensive digital asset proposal on February 21. The article, by Landon Manning, argues that youth support and the rising popularity of Bitcoin among young South Koreans made both parties adopt these pledges.
- Bitcoin As A CBDC
The article argues that Bitcoin could become a tool for the same controls and surveillance that central bank digital currencies (CBDCs) promise, and that it is not inherently freedom money. It says Bitcoin's transactions are fully public, which makes financial surveillance more efficient than physical camera surveillance, and that U.S. politicians including Ron DeSantis, Vivek Ramaswamy, Robert F. Kennedy, Jr., and Francis Suarez have supported surveillance measures. It also points to Senators Ted Cruz and Ted Budd and Governor Jared Polis as backing legislation that would extend censorship or surveillance, and warns that concentrated mining in one jurisdiction could expose miners to restrictions such as blacklists.
- Defending The Undefendable: The Censoring Miner
Michael Matulef argues that Bitcoin miners who censor transactions, like Walter Block's controversial figures in Defending the Undefendable, should be defended as property-rights-respecting market actors. He argues that the Ocean mining pool's decision to filter inscription transactions from its block templates, which drew backlash in the Bitcoin community, reflects free market coordination. He contends that forcing block template creators to include transactions would violate their property rights and create a vulnerability for state exploitation of the network.
- New Special Assistant to U.S. Indo-Pacific Command, Bringing Bitcoin Expertise
Jason Lowery, former Deputy Director of Technology & Innovation at the U.S. Space Force and author of "Softwar," was named Special Assistant to the Commander of U.S. Indo-Pacific Command, a role he announced in August 2025. The article's correction notes that an earlier version wrongly dated the appointment to April 2026. At a Senate Armed Services Committee hearing, Admiral Samuel Paparo mentioned Bitcoin positively as a tool for "power projection," a term Lowery popularized in his work on Bitcoin. The article links this to a report that Iran would accept Bitcoin for safe passage through the Strait of Hormuz, which it describes as not yet realized.
- Beneath The Binary, Verifying Trust
Bitcoin Core's build system is presented as a core part of its trust model, with the claim that users should be able to verify the software rather than trust it. The article describes reproducible builds, in which multiple independent builders use Guix to build binaries from scratch and publish signed attestations in the guix.sigs repository. It also says the project is steadily minimizing third-party dependencies, such as OpenSSL and MiniUPnP, works toward fully static binaries, and has never included automatic updates.
- Feed Isn’t the Future: Rethinking Nostr Through Tools, Places, Real-World Use
Nostr's growth has stalled since late 2025, and the author, from Satlantis, argues that the protocol needs a tool-first approach rather than another content feed to attract users. The article says Nostr gained traction after Will Caserin launched Damus and Jack Dorsey tweeted about it, then saw activity flatline or decline despite better apps. Citing Andrew Chen's "The Cold Start Problem," the author says Satlantis, a travel-focused social app released in beta at BTCPrague in June, found its feed did not differentiate it from other Nostr clients such as Primal, Damus and Amethyst. Its experiment is a social discovery layer that shows which connections recommend places or attend events.
- The halving holiday
The author argues that Bitcoin's halving deserves to be treated as a holiday and proposes that bitcoiners build traditions around it using three habits: reflection, ritual and renewal. The halving is described as unusual because its timing depends on block height rather than the calendar, it occurs every 210,000 blocks, and it will happen only 32 times in total. The piece lists recent developments from the last epoch, including El Salvador adopting bitcoin as legal tender, and urges bitcoiners to gather together at each halving to strengthen community and shared purpose.
- 1 Billion Bitcoin P2P Traders: NoOnes Sets Sights on Nigeria and Global South
NoOnes CEO Ray Youssef argues that peer-to-peer bitcoin trading can end "financial apartheid" by letting people in developing economies trade freely, and that the platform's goal is one billion daily engaged users within six years. He says NoOnes has about 400,000 active users and is absorbing Binance P2P traders after Nigeria's government crackdown on Binance P2P. Youssef also describes Ross Ulbricht's imprisonment and Changpeng Zhao's legal troubles as attacks on peer-to-peer trading, a claim the article presents as his own view.
- Crypto’s US Workforce Is Tiny, But Industry Punches Above Its Weight
A report by the National Cryptocurrency Association and the Pragmatic Policy Group finds that the crypto industry is a small employer with an outsized economic contribution. The report estimates that 34,000 people are directly employed by crypto companies, that the industry will contribute $55 billion to the U.S. economy in 2026, and that crypto jobs average $133,000 a year, more than double the $64,000 national median wage. Using an input-output model, PPG calculates that each direct crypto job supports roughly six additional jobs, for a total of 232,000 supported jobs. California, New York, and Texas hold 60% of crypto jobs.
- Bitcoin Price Plunges Below $62,000, Erasing Months Of Gains
Bitcoin fell below $62,000 on Wednesday night, erasing months of gains and wiping out a loss of more than $5,300 in the intraday session, a decline of nearly 8% in 24 hours. Many analysts believe the market's confidence broke after a Monday SEC filing revealed that Strategy, led by co-founder Michael Saylor, sold 32 Bitcoin between May 26 and May 31 for about $2.5 million. The article also reports that U.S. spot Bitcoin ETFs logged an 11-to-12 day streak of net outflows totaling about $3.45 billion, with May outflows of $2.30 billion, the worst month of 2026.
- Mark Cuban Sells Most Of His Bitcoin, Calls It Failed Hedge
Mark Cuban has sold most of his Bitcoin holdings and says the asset failed as a hedge against fiat currency weakness and geopolitical turmoil. In an interview with Front Office Sports, he said Bitcoin "has lost the plot" and contrasted its price behavior with gold, which rose to $5,000 while Bitcoin dropped. Bitcoin traded near $77,500 on Thursday, 38% below its October all-time high of $126,080, though the article notes that Bitcoin has risen more than 16% since late February while gold fell over 15%. Cuban expressed less disappointment in Ethereum and called meme coins "garbage."
- Kalshi: Bitcoin Payments And Prediction Markets Are Building A New Exchange …
Kalshi's head of crypto, John Wang, argued at the Bitcoin 2026 fireside chat that regulated prediction markets offer a more accessible way to trade Bitcoin than traditional spot venues. Wang said Bitcoin is now the largest source of user payments into Kalshi's apps and described digital assets as key payment rails rather than the company's core product. He also said Kalshi uses know-your-customer checks and internal protocols against insider trading, and he expects large hedge funds to take significant positions in prediction markets over time. The article adds that Kalshi is set to launch cryptocurrency perpetual futures, using U.S. dollars as initial collateral with stablecoins planned later.
- Kalshi And Polymarket Enter The Crypto Race To Launch Perpetual Futures
Kalshi and Polymarket are both moving into crypto perpetual futures, with Polymarket launching first and Kalshi scheduled for April 27. Polymarket announced on X that it had launched perpetual futures letting users go long or short on prediction market outcomes around the clock, framing it as a way to trade the markets users know 24/7. Kalshi, valued at $11 billion, will launch crypto perpetual futures on April 27 in New York City under the codename "Timeless," with Bitcoin and several other cryptocurrencies expected at launch and U.S. dollars as initial collateral.
- Alpha Arena Reveals AI Trading Flaw: Western Models Lose 80% Capital in One Week
Jay Azhang's Alpha Arena pits six large language models against each other, each with $10,000 in capital, to see which can make more money trading crypto, and after about a week, three of the five AIs listed as underwater were Western models. The article says that Qwen3 and DeepSeek, two Chinese open-source models, were leading, while Western closed-source models from Google and OpenAI had lost over $8,000, or 80% of their trading capital. Grok 4 was close to 20% underwater, and Azhang is quoted as saying that markets are the ultimate test of intelligence because they are dynamic, adversarial and unpredictable. The article also cites Nassim Taleb's view that a trader can be lucky for a long stretch, so the results may not yet be distinguishable from a random walk.
- Wall Street Is Bitcoin’s Biggest Threat, Not Arbitrary Data
Shinobi argues that Wall Street's growing role in Bitcoin, through treasury companies, ETFs and other proxies, threatens the network's decentralization more than arbitrary data does. He writes that Bitcoin's stability depends on being held by many independent actors who validate the system themselves, and that as those participants shrink into fewer, larger entities, coordinating changes becomes easier. He says Wall Street cannot be shamed or pushed out, so the response should be positive incentives that encourage direct self-validation rather than use of legacy financial wrappers.
- Arkade Launches As Bitcoin’s First Major Layer-2 In A Decade
Ark Labs has launched Arkade in public beta, presented as the first significant Bitcoin layer-2 since the Lightning Network nearly a decade ago. Arkade builds on the Ark protocol, first introduced two years ago, and aims to make Bitcoin a programmable financial platform without weakening its security. The launch adds Arkade Assets, a multi-asset framework for stablecoins and other tokens, with planned support for Tether (USDT). Initial launch partners named include Breez, BlueWallet, BTCPayServer, BullBitcoin and LayerZ Wallet, according to the note shared with Bitcoin Magazine.
- BitcoinOS Secures $10M to Unlock ZK-Proof Programmability on Bitcoin Mainnet
BitcoinOS (BOS) announced a $10M fundraise led by Greenfield Capital, with participation from FalconX, DNA Fund, Bitcoin Frontier Fund, Trust Machines, UTXO Management, and other investors. According to a press release shared with Bitcoin Magazine, the funding will primarily be used to continue the company's technological work and to ramp up production of its institutional and developer protocols before market rollout. BOS describes itself as a zero-knowledge proof-based layer two protocol for Bitcoin, and says it has achieved an "industry-first" bridgeless cross-chain asset transfer and launched Charms, a protocol for programmable tokens. Its newest product, Grail Pro, is in pilot with institutions and custodians and aims to unlock $690M of institutional BTC.
- Square Brings Bitcoin To Small Businesses With New Payments And Wallet System
Square has announced Square Bitcoin, a product suite that lets small businesses accept Bitcoin payments, hold it in a built-in wallet, or automatically convert part of their sales into Bitcoin from the dashboard they already use. The company says the three key features include no processing fees on Bitcoin payments for the first year, automatic conversion of a portion of card sales into Bitcoin, and a wallet where sellers can buy, sell, and hold BTC. Miles Suter, Head of Bitcoin Product at Block, said the goal is to make Bitcoin payments "as seamless as card payments." Bitcoin Payments will become available to U.S. sellers starting November 10, 2025.
- S&P Makes Massive Crypto Push With New Multi-Asset Index
S&P Global launched the S&P Digital Markets 50 Index, a benchmark that combines 15 cryptocurrencies with 35 crypto-related equities. It was developed with Dinari, a U.S. platform for tokenized public securities, which will issue a tokenized version through its dShares platform by year's end. According to S&P, eligible companies include those in crypto operations and blockchain technology, with a minimum market capitalization of $100 million, while new cryptocurrency constituents must exceed $300 million. Single assets are capped at 5% of the index weight, and the index follows S&P's standard quarterly rebalancing.
- The Trolls Are Coming: Defending Bitcoin Mining From Patent Trolls
Malikie Innovations, a patent troll that acquired patents from BlackBerry, sued Core Scientific and Marathon Digital Holdings in May 2025, claiming that routine Bitcoin operations such as verifying ECC-based signatures infringe patents originally developed by Certicom. Defensive options discussed include prior-art searches, inter partes review at the Patent Trial and Appeal Board, declaratory judgment actions, and community-funded support from groups such as the EFF and the Linux Foundation. In the EFF-backed Personal Audio challenge, funded by over a thousand small donations, the Patent Office canceled all claims of a podcasting patent in 2015.
- Trump Media Files To Launch Bitcoin And Ethereum ETF
Trump Media & Technology Group has filed a registration statement with the U.S. Securities and Exchange Commission to launch the Truth Social Bitcoin and Ethereum ETF, which would directly hold Bitcoin and Ether at an initial allocation of 75% Bitcoin and 25% Ether. The fund is expected to trade on NYSE Arca once approved, with Crypto.com as exclusive custodian and Yorkville America Digital, LLC as sponsor. The company stated that the launch is pending effectiveness of the registration statement and approval of a Form 19b-4 filing, and that the shares cannot be sold until the statement becomes effective.
- Moscow Exchange Launches Bitcoin Futures For Qualified Investors
The Moscow Exchange, Russia's largest exchange group, launched Bitcoin futures trading on June 4, 2025, open to qualified investors who want price exposure without owning bitcoin. The contracts are cash-settled in rubles and tied to the iShares Bitcoin Trust ETF (IBIT), which trades on U.S. exchanges, with the first contracts expiring in September 2025. The launch follows Russia's central bank formally permitting crypto-linked securities and derivatives for qualified investors in May, and Sberbank plans its own bitcoin-tracking exchange-traded notes.
- Not ECDSA. Not Schnorr. Meet DahLIAS.
Jonas Nick and Tim Ruffing of Blockstream Research and Yannick Seurin of Ledger published a paper presenting DahLIAS, which the article describes as the first formal, secure construction of a full constant-size aggregate signature scheme that works on Bitcoin's secp256k1 curve. DahLIAS combines multiple signatures across different inputs, each from a possibly different signer, into a single 64-byte signature whose size stays constant regardless of the number of signers or inputs. The article says it adds no significant new assumptions beyond those Bitcoin already relies on, and that its verification is up to twice as fast as checking signatures individually. DahLIAS is not a multisig protocol and is incompatible with current consensus rules, so adopting it would require a BIP and a consensus change, which the paper does not propose.
- Markets, Institutions and Currencies – A New Method of Social Incentivization
The article argues that currencies, alongside markets and institutions, can serve as a third way to incentivize productive activity, mainly by directing their seigniorage (the gap between market and intrinsic value) toward public goods. It points to Bitcoin, whose miners' seigniorage funds the security of its network, and to Primecoin, which directs mining toward finding Cunningham chains of prime numbers. It also describes Dogecoin's popularity as driven by its internet meme branding, and proposes "proof of excellence" as a way to automate rewards for computational research, a mechanism Sunny King has theorized but not yet applied in practice.
- The Memecoin Supercycle Thesis Is Bitcoin Aligned
Pete Rizzo argues that Murad Mahmudov's thesis that memecoin speculation will dominate crypto markets before a Bitcoin standard emerges is consistent with Bitcoin maximalism. Rizzo says that being a Bitcoin maximalist does not require forsaking financial speculation, which he frames as a personal moral choice. He describes Mahmudov's thesis as resting on two trends: Bitcoin becoming the world's dominant asset, which he says is currently mispriced, and a slow collapse of crypto venture capital, with retail investors buying memecoins. Rizzo says most Bitcoin maximalists would agree with most of the thesis, and that the resulting period of crypto speculation is what he finds amusing.
- Early Bitcoin Developer Backs Satoshi Nakamoto Theory
Jeff Garzik, a Linux contributor who worked on the Bitcoin project from 2010 to 2017, has released a series of videos about his time working with Satoshi Nakamoto. In them he gives his view that Satoshi was a single individual rather than a group, describing Satoshi as a "lone genius" and a "self-taught" programmer who combined well-known cryptographic solutions in a new way. The recollections cover roughly six months through Satoshi's resignation in January 2011, when Gavin Andresen took over as lead maintainer. The videos were produced by Hemi Network, a venture Garzik founded.
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