Strike named its new savings buckets "Stacks," and when Brandon pointed out Stacks already exists, a Strike team member called it an affinity scam. Plus Treasury withdraws the unhosted wallet and mixer rules, the CFTC builds a federal crypto license without Congress, and Robinhood buys Bitcoin.

• Strike launched Stacks, named buckets for your Bitcoin and cash savings. Brandon replied that Stacks already exists, and Strike's Matt Carvalho, formerly of Swan, answered that STX is too irrelevant to be a brand conflict. Kate: it's not a good look.
• Strike also now pays 3.6% interest on cash, paid out in Bitcoin, FDIC insured, with no minimums or maximums.
• Treasury formally withdrew FinCEN's 2020 unhosted wallet proposal and its 2023 rule labeling international crypto mixing a primary money laundering concern. Brandon calls it a win for self-custody and privacy, and shouts out Coin Center for fighting both.
• CFTC Chairman Michael Selig announced the agency's first crypto market rules, Regulation CTX and Regulation CAM, aiming for one federal exchange license instead of state-by-state licenses. Brandon's read: clarity without the Clarity Act.
• The US government moved a little over 12,000 BTC, about $1B, with some landing at Coinbase Prime. Kate thinks it's a custody shuffle tied to the Bitfinex hack, and Brandon tells the story of the time he met Razzlekhan at a Bitcoin conference.
• Buyers of tampered Ledger devices from a third-party reseller lost around $86M by Kate's count. Ledger says it wasn't them. Brandon's advice: buy direct from the manufacturer, or use multisig.
• OKX filed to trade tokenized shares of 63 US companies around the clock, from Nvidia and Tesla to McDonald's, and raised money at a $25B valuation from Circle, Ripple, SC Ventures, and Qube Research & Technologies.
• Vibewatch update: the Vibe Index wrapped with over 300 payments made by AI agents over x402, and a new repliability score (is this worth jumping into?) is in closed beta.
• Xverse closed a round from Draper Associates and Trust Machines.
• Treasury tracker: Strategy +334 to an even 848,000 BTC, Metaplanet ends an 11-week pause with +1,000 (44,000), Strive +2,000 (29,462), Silvia Inc. sold 165 (4,965), Remixpoint +7.45 (1,509), and Robinhood joins the treasury club with about 294 BTC.
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Hackers used zero-day flaws in Bitget's third-party security tools to make $387M in withdrawals look like internal transfers, and a $464M protection fund made every user whole. Plus Muneeb takes over Stacks Labs, Anchorage clients can stake Bitcoin, and we ask whether a fruit fly brain can mine Bitcoin.

In this episode of Good For Bitcoin, Brandon and Kate discuss:

• Bitget lost $387M from its hot and warm wallets. Attackers used zero-day flaws in third-party security tools to write withdrawals into the backend that looked internally generated. Cold wallets were untouched, and a $464M protection fund covers every user. Kate notes on-chain patterns match North Korea-linked attackers.
• NEAR Intents lost about $3.8M in USDT through a bug on BNB Chain, patched it within an hour, called out the attacker, and got the funds back.
• Adam Back replied to last week's clip: 25,000 BTC versus 0.6 BTC. Brandon's answer: it was a joke, and Adam is welcome on the show anytime.
• Anchorage Digital clients can now fund a Bitcoin bond on Stacks from their Anchorage account and earn BTC rewards self-custodially.
• Muneeb becomes CEO of Stacks Labs in mid-October, focused on Bitcoin capital markets, privacy, and post-quantum. Kate says STX nearly doubled on the news.
• A shielded Bitcoin white paper promises private L1 transfers with no soft fork, operators, or bridges. The peg-in and peg-out design is saved for part two, so Brandon is reserving judgment.
• Coinbase launched fixed-rate USDC loans backed by Bitcoin. Your BTC can still be liquidated on LTV or a missed due date.
• Can a fruit fly brain mine Bitcoin? A mining hardware maker claims real neurons could hash 10 times more efficiently than today's ASICs.
• Blink Wallet custodial accounts were drained and customers made whole, and a French family was held in a crypto extortion attempt. Brandon's wrench-attack advice: time delays and multisig.
• Quick headlines: SoFi settles its $25B card program in stablecoins on Mastercard's network, the SEC proposes looser adviser custody rules, and Treasury's first GENIUS Act rule sends stablecoins over $10B to federal oversight.
• Treasury tracker: Strategy holds 847,666 BTC, back above its pre-summer-sales stack, and repurchased $152M of STRC. Strive +1,107 (27,462), Capital B +13 (3,538), and Metaplanet sat out an 11th straight week.
• Follow the show on X: @goodforbtc.

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The Clarity Act failed its cloture vote 49 to 50, and Polymarket now gives it 8% this year. Brandon argues two-thirds of the crypto market already has its clarity; Kate warns agency rules can be undone by the next administration. Plus tokenized stocks get an SEC exemption and Revolut gets breached.

In this episode of Good For Bitcoin, Brandon and Kate discuss:

• The Clarity Act failed to advance: it needed 60 votes and got 49 yes, 50 no. Polymarket's odds for this year fell from 75% in May to 8%. Brandon's take: Bitcoin is already a commodity to the SEC, CFTC, and IRS, and with GENIUS Act stablecoins that's roughly two-thirds of the crypto market with the clarity it needs. Kate's worry: rules made by agencies instead of Congress can be reversed by the next administration.
• The Digital Asset Tax Certainty Act did advance: a de minimis exemption for small transactions, wash sale rules that close the sell-at-a-loss-and-rebuy loophole, and clearer tax treatment for mining and staking.
• The House Financial Services Committee voted 28 to 21 to advance H.R. 8957, codifying the Strategic Bitcoin Reserve with a 20-year no-sale lockup and quarterly proof-of-reserve audits. It commits the U.S. to holding, not buying.
• The SEC's innovation exemption greenlights tokenized stocks: on-chain trading with no registration for five years, for real shares with dividends and voting rights, not synthetics. Issuers get 30 days to object.
• Circle launched Arc, its own chain with USDC as native gas, sub-second finality, and EVM compatibility.
• Revolut disclosed a KYC breach after attackers spent six months inside Italian law enforcement systems, using them to request data from Revolut.
• Quick headlines: Defense Secretary Pete Hegseth says classified Bitcoin efforts are underway inside the Pentagon, and Franklin Templeton says it's no longer TradFi or DeFi, just Fi.
• Treasury tracker: Strive +469 BTC (25,000), Capital B +4 (3,525), ProCap -51 (5,254) and renaming to Silvia. Strategy repurchased $139M of STRC. Satsuma sold all 669 BTC to return $41.4M to shareholders, and Adam Back's Bitcoin Standard Treasury Co. terminated its SPAC with a $15M fee.
• We're off next week and back in two weeks.
• Follow the show on X: @goodforbtc.

Hosts:

• Brandon Marshall — @marshallmixing
• Kate Parkman — @katemparkman

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