Matt and Nic are back with another week of news and deals. In this episode:

Nic comes out against the SBR on Bloomberg
More Prometheum nonsense
MicroStrategy acquired an additional 15,350 BTC for roughly $1.5 billion, bringing the company's total holdings to 439,000 BTC. Microstrategy was also added to the Nasdaq 100 this week, which will lead to the stock's inclusion in several large ETFs including Invesco's QQQ.
Anchorage Digital has received New York BitLicense approval, enabling them to offer digital asset custody and trading services to more customers in the state such as RIAs and other institutional asset managers.
The US Senate scrapped a vote to renominate SEC Commissioner Caroline Crenshaw in response to immense backlash from the crypto community, led by Coinbase-backed non-profit Stand With Crypto, for Commissioner Crenshaw's treatment of the digital asset industry.
A Texas state representative, Giovanni Capriglione, introduced a bill for the state to create a strategic Bitcoin reserve.
Riot Platforms, the publicly traded Bitcoin miner, acquired 667 BTC this week for $67.4 million to add to their balance sheet, bringing their total holdings to 17,429 BTC.
The NFT collection CyberKongz announced they had received a Wells Notice from the SEC.
A California judge sided with Coinbase in a suit brought by BiT Global over the exchange's delisting of wBTC. Coinbase had recently moved to remove the asset, a tokenized version of BTC tradeable on Ethereum-based networks, following BiT Global, a custodian closely affiliated with Tron founder Justin Sun, assuming custody services for wBTC.

Sponsor notes:

Coin Metrics, State of the Network’s Q4 2024 Mining Data Special
A quarterly update on Bitcoin mining in Q4 2024

Weekly Roundup 12/20/24 (No SBR?, Prometheum, Crenshaw) (EP.585)

On The Brink with Castle Island