ATC: Dave and Kool talk All Things Crypto

Kamala Explores Gensler for Treasury

Dave opened the show noting NatNat would be late due to back to school duties, then reported that Kamala is exploring Gary Gensler as treasury secretary. Kool described faceless power brokers pulling strings and said this move shows they believe they will win, while warning it signals more control and lawsuits against crypto.

0:19:12Fairshake super PAC, banking lobby, self custody and the cost of years of lawsuits

0:23:04Devil's advocate, Caitlin Long and Eric Valchunis doubt the Gensler rumor

BlackRock Tops Grayscale in Holdings

Kool stressed that US liquidity matters most and shared a Houston housing anecdote to show money concentration. Dave reported BlackRock has overtaken Grayscale with over twenty one billion dollars in Bitcoin and Ethereum funds. Kool called it inevitable and impressive at the speed, noting big money is bullish and that more altcoin ETFs would be even better, while Dave highlighted self custody as the silver bullet against derivatives.

0:25:36Circle and USDC payments

0:33:47Grayscale's new trusts, and Vitalik sends more ETH to the Railgun privacy protocol

Gold Hits All Time Highs

Dave noted gold above two thousand five hundred an ounce with expected rate cuts and recession signals. A speaker questioned the gold narrative and retail stock ownership, suggesting it may signal a good time for whales to exit before election uncertainty. NatNat later called gold at all time highs a massive red flag for the economy due to its negative correlation with stocks.

Railgun Privacy Proof Fails

Dave broke the news of a four thousand sixty four BTC theft worth two hundred thirty eight million dollars. An AI speaker explained the hacker used chain hopping across an avalanche bridge and multiple wallets before trying Railgun, where the ZK proof failed exposing the funds. The speaker clarified the hacker manually returned the chunk that went through Railgun after the failed privacy proof left it traceable, while Kool found the return of such a massive amount really cool.

0:50:40Breaking

Bitcoin Decoupling and Church Tokenization

NatNat said gold at all time highs is a red flag and that Bitcoin could decouple from stocks as a superior safe haven with greater returns. Dave covered the Colorado church tokenizing its chapel via StoneCoin on PolyMesh to raise two million five hundred thousand dollars. NatNat felt on the fence, calling it potentially scammy, while a speaker was surprised, seeing it as cyberpunk and possibly a top signal.