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Good for Bitcoin

Brandon Marshall & Kate Parkman

Good For Bitcoin is a weekly show recorded live every Friday where we recap events of the week and talk about everything good for Bitcoin. If it’s built on Bitcoin, then it’s Good for Bitcoin!

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Friday · 34 min
Hackers Minted 4,000 BTC on Liquid: Blockstream Won't Pay, Trezor Leak Grows, Genesis Bond Sold Out
A dormant bug in Liquid's confidential transactions let an attacker mint roughly 4,000 BTC nobody could see, then bridge it out. They returned 3,400, kept 600, and are negotiating with Blockstream in OP_RETURN messages. Plus Trezor's leak grows to 80,000 customers, the Stacks Genesis Bond sells out in 24 hours, and Brian Armstrong calls $400K Bitcoin by 2030 reasonable. In this episode of Good For Bitcoin, Brandon and Kate discuss: Liquid was exploited for roughly 4,000 BTC: a dormant bug in Elements' confidential transactions got a fix that introduced a new one, and the attacker minted BTC nobody could see, then bridged it out like a normal withdrawal. They returned 3,400 BTC, kept 600, and negotiated with Blockstream through OP_RETURN messages demanding a 10% bounty. Blockstream says no ransom, calls it theft, and shipped a patched Elements Wednesday. Trezor's data leak got worse: shipping vendor ShipMonk kept customer records past its 90-day deletion policy, and another 67,000 U.S. customers who ordered between November 2019 and August 2021 had names, emails, phone numbers, and addresses exposed. About 80,000 are now affected. Kate's tip: set a family safe word before the AI voice-clone calls start. The Stacks Genesis Bond sold out in 24 hours: 230 BTC time-locked on Bitcoin's L1, no bridge and no custodian handoff, paired with STX to target a 3% yield over a six-month bond. UTXO Management, HashKey Cloud, Cypher Capital, and 21Shares anchored the first round; the next opens around October 10. Also: Bullish listed STX and sBTC. Clarity Act crunch: Senator Cynthia Lummis says if the Senate doesn't pass it next week there's no realistic shot before the end of the decade. The bill grew from 616 to 630 pages with over 100 Democrat-requested changes, including CFTC registration for DeFi that's decentralized in name only. Polymarket puts enactment in 2026 at 18%. Quick headlines: SoFi and Kraken's parent Payward partner on 24/7 USD settlement, River argues Bitcoin could hit $840,000 within five years, Block applies for an OCC trust bank charter, Hunter Biden's LAPTOP token crashes 99% in hours, Luke Dashjr leaves Ocean, and Brian Armstrong tells CNBC the bottom is in. Treasury tracker: Strategy +4,603 BTC (845,050), its first buy since June, plus $167M of STRC repurchased and the buyback doubled to $2B. Strive +1,375 (24,531), Boyaa Interactive +115 (4,316), Capital B +376 (3,521), CleanSpark -228 (13,703). Follow the show on X: @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
- Transcript
August 28 · 21 min
Take Your Lightning Node Offline: AI-Found Bugs, Quantum-Proof BTC Mined, Coinbase Mortgages Live
Critical vulnerabilities in Core Lightning have node operators going offline while a two-week embargo holds, and they were surfaced by AI-generated bug reports that proved real. Plus the first quantum-resistant Bitcoin transaction mined on mainnet, Coinbase's Bitcoin-backed mortgage goes nationwide, Pakistan's full crypto licensing framework, and Strategy adds $1.59B to its reserve. In this episode of Good For Bitcoin, Brandon and Kate discuss: Critical vulnerabilities in Core Lightning: maintainers told every node operator to upgrade or restart with the --offline flag while fixes ship. Details are under a two-week embargo, and the bugs surfaced through AI-generated vulnerability reports that proved real. If you run a Lightning node, act now. The first quantum-resistant Bitcoin transaction was mined on mainnet: StarkWare submitted it through Marathon's Slipstream service and shared the news live at Bitcoin Asia. It builds on Avihu Levy's April white paper — non-standard transactions that work today at roughly $150 each. Coinbase's Bitcoin-backed mortgage is live nationwide: pledge 250% of the down payment in BTC, get a conforming Fannie Mae first mortgage plus a second loan against the coins. No margin calls just because the price drops, and Coinbase One members get a 1% rebate at closing, capped at $10,000. Pakistan released a full licensing framework for crypto exchanges, custody, lending, and derivatives: apply for a no-objection certificate by September 5 or cease operations. Licensed providers must segregate customer assets and gain access to the formal banking system. Quick headlines: the Wall Street Journal reports JPMorgan is considering its own stablecoin, HashKey Cloud joins Bitcoin staking on Stacks, and Galaxy Digital says last week's rise was Bitcoin's largest weekly dollar gain ever. Treasury tracker: Strive +1,110 BTC (21,356), Empery Digital -100 (1,179). In the pipeline: Alpha Modus signed a $254M PIPE for 3,170 BTC, Genius Group plans $827M over five years, Capital B is raising €21M. Strategy: no buys, no sells; +$1.59B to its USD reserve and another $136M of STRC bought back. Follow the show on X: @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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August 21 · 15 min
The Treasury Just Pumped Bitcoin: 7% Surge, Bullish IPOs With 24,300 BTC, MetaPlanet Comes to the US
The Treasury yield hit 5.34%, its highest since 2007, and the Treasury answered by doubling its long-end bond buybacks. Bitcoin surged 7% in a day, its biggest move since March. Plus Bullish IPOs holding more BTC than Coinbase, MetaPlanet's US landing as SuperPlanet, the SEC's new crypto exemptions, and OrdinalsBot winds down. In this episode of Good For Bitcoin, Brandon and Kate discuss: The Treasury yield hit 5.34% this week, the highest since 2007, and the Treasury responded by doubling long-end bond buybacks from $2B to $4B per operation starting September 9. The yield fell back to 5.187%, the dollar hit a 2.5-month low, and gold rallied past $4,500. Bitcoin followed with a 7% single-day surge, its biggest since March: $1.4B in shorts liquidated in about four hours and $517M in ETF inflows, the biggest single day in three and a half months. Bullish IPO'd and revealed 24,300 BTC in its financial statement, making it the sixth-largest public company holding Bitcoin, ahead of Strive, SpaceX, and Coinbase. MetaPlanet is coming to America: a controlling stake in Super League Enterprise (SLE), to be renamed SuperPlanet under ticker SUPA and seeded with 2,100 of MetaPlanet's own BTC. CEO Simon Gerovich: two markets, two currencies, two investor bases, one balance sheet. Expected to close Q4. The SEC proposed Regulation Crypto Assets: a one-time $5M exemption over four years and a $75M annual exemption from full securities registration, plus a safe harbor for qualifying crypto assets. Rules that may outlast the wait for Clarity. Clarity gets its Senate vote September 15: cloture on the motion to proceed needs 60 votes, so at least seven Democrats have to cross the aisle. Call your senator. OrdinalsBot is winding down and looking for bids to keep the brand alive. The first inscription service many ever used, and part of historic projects from Runestone to the Dog airdrop. End of an era. Treasury tracker: Strive +79 BTC (20,246), Gemini revealed +1,698 (5,528), Capital B +5 (3,145), Canaan +2 (1,917), Remixpoint +9.98 (1,501). Strategy: no buys, no sells; USD reserve up $150M and $132M of STRC bought back via a common-stock ATM. Follow the show on X: @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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August 14 · 28 min
Nobody Is Safe: Trezor Data Breach, BIP 110 Dies in Two Blocks, Coldcard Fallout Grows
One week after Coldcard, Trezor got hit too: a shipping partner leaked nearly 12,000 customers' home addresses, phones, and emails. Plus BIP 110's two-block death, the Coldcard theft numbers, Tether's KPMG audit, and BlackRock's $1M door into IBIT. In this episode of Good For Bitcoin, Brandon and Kate discuss: Trezor data breach: a shipping provider exposed the last 90 days of orders across seven countries. Nearly 12,000 customers had shipping address, phone, and email leaked. Funds are safe; it's a doxxing problem, and many victims had just fled Coldcard. BIP 110 is dead. Mandatory signaling began at block 961,632; Antpool skipped the signal, Knots nodes rejected its block, and Roughnecks forked a competing chain, then quit two blocks in. Luke Dashjr took a sabbatical from Ocean and was removed as a BIP editor. RIP110. Coldcard fallout, by the numbers (Alex Thorn, Galaxy): 8,300 addresses attacked, ~$112M (1,720 BTC) stolen and climbing. The victims were long-term, air-gapped savers. Seed from March 2021 to the patch with no dice rolls? Move your funds now. Victims: send your addresses to Thorn for an FBI-ready report. The red team's AI sweep of 500+ open-source repos came back clean: Bitcoin itself is untouched. BTCPay Server is donating 0.21 BTC each to the red team and Craig Raw, plus a recovery bounty of 10%, up to 3 BTC. The Bitcoin Policy Institute wants AI labs to give open-source devs trusted access to frontier models, after Claude and ChatGPT kept blocking security defenders. Signed by Strategy, Coinbase, Block, Galaxy, River, and BitGo. Treasury tracker: Strategy sold 1,691 BTC to buy back $108M of STRC and ran a $653M MSTR ATM, now 840,447 BTC and $4.65B cash. Trump Media +4,622 BTC. OranjeBTC launched Digi11, an ETF of Bitcoin-ecosystem preferred shares (3,950 held). BitGo +74 (2,523). The KYC honeypot keeps leaking: France's tax authority was hacked and 678,000 records leaked. Add a wallet shipping list and finding Bitcoiners gets easy. Quick hits: BlackRock cut tax-free in-kind BTC-to-IBIT conversions from $25M to $1M. Tether passed a full KPMG audit: unqualified opinion. The .bitcoin TLD has 50+ endorsements but ICANN pace means maybe 2030. Netflix's FTX series The Altruists drops November 19. July's $432B US deficit: interest now costs more than the military or Medicare. Brandon joined SoFi as their first crypto-native marketing hire. The show stays independent. Follow the show on X: @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
- Transcript
August 7 · 48 min
Coldcard Hack Explained: What Happened and How to Secure Your Bitcoin Now
The Coldcard exploit drained over $100M from wallets that never touched the internet. How a 2021 firmware bug collapsed seed entropy, what to do with your Bitcoin now, and the AI arms race finding holes faster than teams can patch. Plus: Strategy sold again, Storj went bankrupt, and .bitcoin could become a real domain. In this episode of Good For Bitcoin, Brandon and Kate discuss: The Coldcard exploit, explained: a 2021 firmware bug silently swapped seed generation to a weak software RNG seeded by the device ID and the clock, cutting entropy from 128 bits to about 40. Over $100M is tracked stolen on-chain. Dice rolls helped. Stop using Coldcard. What now? Brandon's 3-2-1 rule: three wallets, mixed hardware and software, one offsite. Multisig via Bitkey, Casa, or Unchained. Prefer custody? River, Fidelity, BitGo, or AnchorWatch, offering 60 days of free custody as a Coldcard safe haven. The AI security arms race: Boltz suspended swaps citing AI-assisted probing, Zeus shut down over a security incident, and BTCPay Server disclosed a critical vulnerability under active exploitation. The red team started by Rob Hamilton and led by calle has scanned 425 projects and filed 1,000+ high or critical findings. OpenSats reimburses the researchers. Treasury tracker: Strategy sold 1,637 BTC (~$104M) and bought back $81M of STRC (842,138 BTC held, STRC at $95). Strive +20 (20,020), Block +85 (9,117), American Bitcoin +298 (8,300), OranjeBTC +30 (3,948), Capital B +1 (3,140), Smarter Web +12 (2,712). Cipher Digital sold 470 (646 left); Sequans sold 344 (314 left). A French tax agent allegedly sold crypto holders' data from government databases to criminals, linked to a violent home invasion. Kate on the KYC honeypot, and why an offsite multisig key defeats the wrench attack. Mempool explorer founder Wiz is filing for the .bitcoin TLD in ICANN's first new gTLD window since 2012. Without a community application it goes to auction; he needs written support from Bitcoin projects. Stacks users: POX unstacked every STX position. Restake by around August 12 or miss a cycle of Bitcoin rewards. Leather pools, Xverse, StackingDAO, or the Ryder One all work. Also: Storj filed Chapter 11, BitMart is winding down, POAP is shutting down, Fold Bitcoin gift cards hit TikTok at a discount, a solo miner won 3.157 BTC (~$200K), and the Senate punted the Clarity Act to September. Bitcoin already has clarity. Follow the show on X: @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
- Transcript
July 24 · 24 min
Everyone Is Shutting Down
Jack Mallers quit Twenty One, BitMEX is closing, Satsuma is liquidating, and Smarter Web sold Bitcoin. The old guard is packing up. Plus: BlackRock and Strategy funded Bitcoin's quantum defense, the Clarity Act cleared its last blocker, and Wise debanked Peter McCormack. In this episode of Good For Bitcoin, Brandon and Kate discuss: Jack Mallers is out at Twenty One. He stepped down as CEO over a fundamental disagreement on how the company should generate real cash flow, and he's going all in on Strike. The merger floated in May never happened, and Twenty One holds no equity in Strike. BitMEX is shutting down September 23. HDR Global Trading is closing operations after a strategic review. Arthur Hayes' exchange invented the 100x perpetual swap that every exchange now runs, then watched its volume drain to the copycats. Treasury tracker, and it's grim: Strategy hasn't bought Bitcoin in over a month, adding $225M to USD reserves through an ATM sale instead (now $3.2B). Strive bought a symbolic 21 BTC (19,921). Smarter Web sold 178 BTC (2,700). Satsuma is winding down: shareholders voted to sell its 668 BTC, return the cash, and delist from London after a 99% collapse to 21 pence. The institutions finally showed up for Bitcoin security: Strategy, Coinbase, BlackRock, Fidelity, Block, Galaxy, and Blockstream pledged $15M over three years, aimed largely at quantum resistance, coordinated by Brink's Mike Schmidt. Strive also committed to funding open source devs via Brink. Kate's take: for BlackRock, $15M is a coffee. The Clarity Act's last blocker is gone. The White House says Trump agreed to sweeping ethics rules: covered officials can't issue digital assets and must sell their crypto or move it to a blind trust. Brian Armstrong says the bill is on the one-yard line. Again. Chokepoint 2.0 is still running in 2026. Wise debanked Peter McCormack over an invoice from a Bitcoin company and still has nearly £12,000 of his money. Isabella Santos was closed out and banned for life. Kate makes the case for self-custody. Stacks approved SIP-44 and SIP-45 with 99.99% in favor. Clarity 6 and Bitcoin staking hard fork around July 29, restacking runs through August, and the first protocol bond lands end of August. Worth your time: Presidio Bitcoin has six rolling spots for builders to spend one to three months in San Francisco, and Robin Linus and Casey Rodarmor host a Bitcoin show and tell space Sunday at 4pm ET. Follow the show on X: @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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July 16 · 30 min
We Read Your Hate Mail
The BIP-110 haters found us, so we read the hate mail on air. Plus: privacy coins are crypto's only green category this year, Lyn Alden's $40M Orange Juice, ZachXBT calls every hardware wallet 'complete garbage,' Bitcoin lands on TikTok Shop, and Vibewatch wins a Stacks grant. In this episode of Good For Bitcoin, Brandon and Kate discuss: Hate mail time: we rapid-fire the BIP-110 comments on air. Personal attacks, zero engagement, and our most-streamed episode since May. Thanks for the boost. Treasury tracker: Strive added 18 BTC (19,900), OranjeBTC 8 (3,912), Canaan 49 from June mining (1,915). Strategy skipped the buy again but added $450M to USD reserves, now $3B (~20 months of dividends). Metaplanet plans Bitcoin-backed digital credit in Japan. Strategy graded the banks: the new Bitcoin Bank Adoption Index scores 25 institutions. Average: 32%. Fidelity leads at 71%, Royal Bank of Canada is last at 13%, JPMorgan somehow scored 43%. Someone tell Jamie Dimon. Kate breaks down Chamath's privacy piece: privacy coins are up 127% this year while everything else bled, even after 73 exchanges delisted them. Privacy is a feature Bitcoin can add with ZK proofs and BitVM. Plus Brandon's BlockFi flashback on tainted coins. Vibewatch might be good for Bitcoin: Brandon's community-intelligence tool landed a Stacks Endowment grant to build a sentiment index for the Stacks ecosystem, with free subscriptions for Stacks projects (DM Brandon) and an x402 layer for AI agents. Orange Juice: Lyn Alden, Jeff Booth, and the Ego Death Capital partners raised $40M for a permanent-capital alternative to private equity: buy cash-flowing businesses, hold them forever, sweep the cash into a Bitcoin treasury. Yes, they got orangejuice.com. Quick hits: Eric Trump's American Bitcoin is down 95% from its peak, erasing $600M+ of the family fortune. Fold put the first Bitcoin gift card on TikTok Shop, in front of 70M shoppers. ZachXBT says all hardware wallets are 'complete garbage' and recommends a dedicated iPhone instead. We push back: the ColdCard is air-gapped for a reason. Follow the show on X — @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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July 11 · 30 min
We Actually Read BIP 110
The BIP 110 fight has been all mudslinging, so we did something radical: we actually read the BIP. Why the filters won't work and why it probably ends in a fork. Plus: Strategy's never-sell era is over, a $21M DAO drain that broke no rules, Kraken's $22M Choke Point 2.0 win, and StackingDAO's stBTC ahead of Bitcoin staking on Stacks. In this episode of Good For Bitcoin, Brandon and Kate discuss: The main event: BIP 110. Instead of mudslinging, we read the BIP itself — what it actually proposes, why the filters keep failing (prune ordinals, unprunable stamps appear), and its own admission that raising costs mostly 'sends a message.' Likely endgame: it fails and forks, BCH/BSV-style. Even Saylor weighed in — 'Bitcoin still has no spam problem.' The never-sell era is over: Strategy sold 3,588 BTC (~0.4% of its stack) to fund $21.6M of STRC-family dividends — obligations now structurally require selling. Elsewhere: Strive added 18 BTC (19,882), OranjeBTC added 5 (3,904), Empery sold 1,400 — nearly half its stack, Boyaa added 108 (4,201), American Bitcoin hit 8,000. StackingDAO announced stBTC — liquid-staked Bitcoin for the Bitcoin staking launch on Stacks: ~2.6% base yield paid in BTC, liquid across Stacks DeFi, no STX exposure needed. Launching just ahead of the staking release. The Bonk DAO drain: someone spent $4.4M acquiring 1% of BONK's supply, proposed draining the treasury, and passed the vote — $21.2M gone, $16.8M net profit, and nobody voted no. Exploit, or governance working exactly as designed? Choke Point 2.0 justice: Kraken is set to collect $22M from auditor Mazars, which quit days before finishing a clean 2023 audit. FOIA docs later showed the FDIC privately told banks to drop crypto clients. A precedent for everyone who got debanked. Read the fine print: Strike unveiled volatility-proof loans — no price-triggered liquidations for the six-month term, 45% max LTV, ~13% all-in APR. Binance launched a covered-call Bitcoin yield product: 0.41% APR, minus a 15% cut of the premiums. Self-custodial staking pays more. Quick hits: Tennessee banned Bitcoin ATMs; Circle got OCC approval for a national trust bank charter (stock +10%); Polymarket added instant Bitcoin deposits over Lightning, powered by Spark; and SIP 44 & 45 — Bitcoin staking and Clarity 6 — are live for voting — go vote yes. Follow the show on X — @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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July 3 · 19 min
Everyone Just Launched a Stablecoin
Out of left field: 140+ companies — Visa, Mastercard, Google, Samsung, PayPal, BlackRock, Coinbase, Stripe and more — announced Open USD, one shared stablecoin where the partners keep the reserve earnings. Then came the backlash: firms saying they never signed on, and Circle's CEO firing back. Meanwhile Strategy published a real plan for STRC (including permission to sell some Bitcoin), whales scooped up ~$16.7B, and Robinhood went full crypto. No one told the builders it's a bear market. In this episode of Good For Bitcoin, Brandon and Kate discuss: The bombshell: Open Standard announced Open USD, a stablecoin with 140+ partners — Visa, Mastercard, Amex, Discover, Google, Samsung, PayPal, BlackRock, Coinbase, Stripe and more — where partners keep the reserve earnings. Then the backlash: firms saying they never signed on, and Circle CEO Jeremy Allaire firing back — 'integrity matters.' A consortium-sized shot at USDC. Strategy skipped the weekly buy and published its Digital Credit Capital Framework instead: USD reserve raised to $2.55B (17.4 months of STRC dividend coverage), STRC dividend up 50 bps to 12%, a $99–$100 target band, and a BTC monetization program allowing up to $1.25B of Bitcoin sales. Markets liked seeing a plan — MSTR up ~20%, STRC back near $87. Also: Saylor's Channel 4 walk-off — 'let me finish.' No one told the builders it's a bear market. OG whales bought an estimated ~$16.7B of Bitcoin in the last two weeks — classic late-bear accumulation. Metaplanet added 2,823 BTC to reach an even 43,000, and Galaxy Digital joined the Russell 1000. Robinhood's 'World Is Flat' event: launching in Canada with zero trading fees for 90 days, Robinhood Earn (lend USDG on-chain from a self-custody wallet at 7% APY), and Robinhood Chain — an AI-native L1 for financial services and real-world assets. Quick hits: Binance will stop serving UK clients after missing the MiCA licensing deadline; Trump disclosed $50M+ of Bitcoin held in cold storage (JD Vance under $500K); SPI Holdings is shutting its mining pool July 31 — ~2% of global hashrate — pivoting to exchange, stablecoin, and AI plays. Pain and hopium to close: the average IBIT investor is now down ~40% as spot ETFs logged $1.79B of weekly outflows — their second-worst week ever. But Bitcoin just printed its third straight red quarterly candle, historically a bottom marker. Follow the show on X — @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
- Transcript
June 26 · 19 min
They Say Bitcoin Is Dead Again
Bitcoin slipped under $60K and the timeline filled with obituaries — people who bought the $120K top now calling it dead. Brandon and Kate place it right where the four-year cycle predicts: deep in the trenches, with maybe nine more boring months to go. Yet nobody up top is actually capitulating — Strategy bought the dip again, STRC keeps cratering, Wall Street quietly shipped its first Bitcoin depositary receipt, and Schwab went native. A quiet week with more under the surface than the doom posts suggest. In this episode of Good For Bitcoin, Brandon and Kate discuss: They say Bitcoin is dead — again. With BTC under $60K and obituaries everywhere, Brandon and Kate place it where the four-year cycle predicts: in the trenches, ~9 months from a better year. Bitcoin draws down ~80% a cycle — by that math, we may not have bottomed. Nobody up top is selling, though. Strategy bought another ~520 BTC (avg ~$67K) to reach 847,363 and grew its USD reserve to $1.4B to keep funding STRC dividends — even as STRC sank to ~$75 and the timeline begged Saylor to sell. Brandon's counter-bet: he bought STRC at $82. Strive added 759 BTC for 19,864 and OranjeBTC 19 for 3,822. Wall Street's plumbing keeps getting built. UTXO Management initiated the first Bitcoin depositary receipt to trade through a prime broker (Clear Street) and settle through the DTC — 100% BTC-backed, custodied at Anchorage Digital, convertible in-kind to real Bitcoin. An explain-like-I'm-five on how traditional finance will soon hold BTC like any other stock. More on-ramps: Charles Schwab rolled out native BTC trading in its app (following Fidelity), and Congress set a July 17 field hearing on the CLARITY Act — so maybe, finally, some clarity on clarity. David Bailey's Nakamoto finished its strange path to public markets: merging into health-care firm KindlyMD, renaming to Nakamoto, winding the clinic down, and folding in UTXO Management and Bitcoin Magazine. The hosts' recurring lesson — a treasury company still has to be a real business. Quick hits: Base briefly halted and needed node restarts before recovering, and Alberta's AIMCo surfaced in the MSTR-buying chatter. Could a Bitcoin-staking depositary receipt be next? Follow the show on X — @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
- Transcript
June 19 · 21 min
Is Stretch Stretched to Its Limit?
Strategy's 'Stretch' — the STRC preferred stock built to trade near $100 — cratered to an all-time low of $82.53 this week, and the timeline declared it the next Ponzi. Brandon and Kate dig into whether Stretch is being stretched to its limit, plus a quiet week of buys, Illinois's punishing new crypto tax, Stacks landing on Fireblocks, BlackRock's new yield ETF, and the stat that Elon is now worth more than all of Bitcoin. In this episode of Good For Bitcoin, Brandon and Kate discuss: Is Stretch stretched to its limit? STRC — Strategy's 'Stretch' preferred — hit an all-time low of $82.53 Thursday, ~11% below the $100 it's built to hold. We unpack the deleveraging cascade, why it's not the Ponzi or 'next FTX' the timeline claims, and Strive CEO Matt Cole's note on how leverage feeds on itself. Brandon's take: it's like an LP token meant to hover near $100 at ~11.5% monthly — and he almost bought the dip. Nobody sold this week. Strategy added 1,587 BTC — its second-smallest buy of 2026 — to reach 846,842 (~4% of all Bitcoin), and Strive picked up 73 more for 19,105. Quiet, but no public seller in sight after last week's drama. Square now lets merchants accept Bitcoin over Lightning with one tap — auto-converting to dollars unless they opt to keep BTC. Lower friction, but spending Bitcoin is still a taxable event. Illinois became the first state to tax crypto at the transaction level: Gov. Pritzker's Digital Asset Tax Act puts a 0.2% levy on transfers, custody, even wallet-to-wallet moves, starting January 2027. Critics call it the most punitive digital asset tax in the country; a legal challenge looks likely. Stacks went live on Fireblocks, opening Bitcoin DeFi to 2,400+ institutions through custody they already trust — sBTC, dual stacking for BTC yield, and lending via Hermetica and more — removing a major institutional deal-breaker. Quick hits: BlackRock launched BITA, a covered-call 'Bitcoin Premium Income' ETF targeting 15–25% yield while keeping most of BTC's upside — beating Goldman to market. And Elon Musk's net worth (~$1.4T after SpaceX's surge) now tops Bitcoin's entire market cap. Follow the show on X — @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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June 12 · 23 min
Saylor Says He Never Sold a Sat
A week after Strategy quietly sold 32 BTC, Saylor tweeted he's 'never sold a single sat.' Brandon and Kate call out the goalpost-moving, react to a Saylor clip, then run the tape: Strategy buys 1,550 BTC, Strive needles back, Botanix shuts down its whole network, Coinbase hands AI agents your account, SBF begs for a pardon, and a classic bottom signal flashes. In this episode of Good For Bitcoin, Brandon and Kate discuss: Saylor watch: a week after Strategy quietly sold 32 BTC (~0.004% of its stack), Saylor tweeted he's 'never sold a single sat.' We react to his clip and the goalpost-moving — then Strategy bought 1,550 BTC, pushing holdings to 845,256. STRC monthly dividends start July 15. Strive fired back, buying exactly 32 BTC after Strategy sold 32 — now at 19,032 BTC. It's using sale proceeds to pay down debt and buy back shares, and regained Nasdaq compliance after its reverse split. Orange BTC added 41 (now 3,803). SpaceX looks like a Tesla-style buy-and-hold, so don't expect weekly buys. Brandon snagged 10 pre-allocated SpaceX IPO shares through Fidelity. Botanix is shutting down its entire network. Bridged BTC peaked near 450 in Sept 2025 and sits under 50 today — holders have ~30 days to unilaterally exit the remaining 47 BTC. A reminder why unilateral exit matters; ~4 years in, it couldn't ride the cycle. Coinbase for Agents lets your AI agent trade, pay, and run workflows on your Coinbase account via MCP or CLI (x402 next). Good for round-the-clock, data-informed trades — but prompt-injection risk makes us wary of handing over the keys. Quick hits: SBF filed for a presidential pardon on his 25-year FTX fraud sentence (we doubt it lands); Tether briefly flipped Ethereum for the #2 market-cap spot. Bullish close: more than half of all circulating BTC is now held at an unrealized loss — a signal that's marked every major bear-market bottom. Follow the show on X — @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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June 5 · 12 min
Claude Found a Zcash Counterfeiting Bug
Kate's out sick, so Brandon flies solo. The headline: a researcher used Claude Opus 4.8 to find a counterfeiting bug in Zcash's shielded pool that could've minted unlimited coins undetectably — ZEC fell 30%. Plus a Bitcoin selloff below $60K, Strategy's quiet sale, and Lava's Bitcoin-back card. In this episode of Good For Bitcoin, Brandon and Kate discuss: Kate's out sick, so it's a short, solo, rapid-fire show this week. Market check: Bitcoin slid below $60K, down 21%+ on the week, with Fear & Greed in extreme fear. Treasury watch (busier than usual): buys from Strive (+2,500 to ~19,000 BTC), Orange BTC, Capital B, Smarter Web and DDC; sells from ProCap (-52) and Canada's Bitcoin Treasury Corp (-3.64). Strategy sold 32 BTC (~$2.5M) — just 0.004% of its stack — yet got blamed for the selloff, even though it bought ~25,000 BTC two weeks ago. The frustrating part: Saylor stayed silent. With an avg cost near $75K, MSTR and STRC both dipped. Lava launched a Bitcoin-back Visa: up to 5% back in BTC at partners, 3% in the US, 1% abroad, no annual or FX fees. It's a secured hybrid funded by your Lava balance — top up via bank transfer, stablecoins, or a Bitcoin-backed loan. The big one: researcher Taylor Hornby found a critical counterfeiting bug in Zcash's Orchard pool that could've undetectably minted unlimited ZEC — and its privacy means no one can prove if it was exploited. Arthur Hayes dumped his stack. The kicker: Hornby found it using Claude Opus 4.8, which surfaced it ~25% of the time. ZEC fell 30%, with Zooko pointing to a network upgrade to restore trust. Quick hits: the US Treasury froze Iranian leaders' accounts and seized $1B+ in stablecoins (easy to seize — unlike Bitcoin); the first Coinbase x Fannie Mae crypto-backed mortgage funded; and a crypto-tax hearing next week with seven House bills on stablecoins, mining, double-taxation, and a possible de minimis exemption. Follow the show on X — @goodforbtc. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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May 29 · 31 min
Someone Burned 107 Bitcoin
Someone moved 107 Bitcoin — nearly $8 million — out of ten-year-old, Mt. Gox-era addresses and torched it in a single burst of transactions on Monday. No note, no explanation. Brandon and Kate run the theories, then work through a packed week of treasury moves, Kraken's "native Bitcoin" yield product, and Stacks finally winning over Bitcoin Magazine. In this episode of Good For Bitcoin, Brandon and Kate discuss: Quick recap of Wednesday's Hermetica episode: the hBTC cap went from 50 → 75 BTC and filled in under 24 hours — again. Go watch it if you missed it. Treasury watch: Strive adds 1,109 BTC to reach 16,500 BTC, edging past Coinbase's holdings by 8 BTC; DDC Enterprise adds 131 BTC for 2,714 total. Strategy buys back $1.5B of its 2029 convertible bonds at ~92 cents on the dollar — trimming total debt from $8.2B to $6.7B, with $871M still reserved to fund STRC payments. 🔥 The mystery: someone emptied five reused, Mt. Gox-era addresses (originally funded with 136 BTC back in April 2014) and sent ~107 BTC — almost $8M — to a provably-unspendable burn address, all in the same minute. Theories range from tax-loss harvesting to a vow of poverty to an AI agent gone rogue. A New York case tries to claw back Bitcoin losses on state grounds — Brandon and Kate think it gets tossed, since Bitcoin isn't a New York-only network. Kraken launches "Bitcoin Vaults," marketed as Bitcoin in, Bitcoin out — but under the hood it's KBTC wrapped onto the Ink network, routed through Veda vaults and Aave/Morpho strategies managed by Santora. It's CeFi yield; just be honest about the trust assumptions. Stacks lands its biggest validation yet: UTXO Management — David Bailey's asset arm, now folded into Nakamoto, parent of Bitcoin Magazine and the Bitcoin Conference — becomes the inaugural participant in stacking on Stacks. Notable given Bitcoin Magazine once made Stacks ineligible for coverage over the STX token. Quick hits: Coinbase brings back direct deposit so you can get paid in Bitcoin; SoFi becomes the first US national bank to launch its own stablecoin (SoFi USD); Cash App wires stablecoins into existing balances, so your balance can send and receive USDC across Solana, Ethereum, Polygon, and Arbitrum. Follow the show's new handle on X — @goodforbtc — and find everything at goodforbitcoin.com. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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May 27 · 36 min
Inside Hermetica's hBTC — with Jakob Schillinger
Brandon sits down with Jakob Schillinger, founder and CEO of Hermetica, on the day they raise the hBTC cap from 50 to 75 BTC — and unpack how Michael Saylor's STRC quietly became a yield engine for Bitcoin-backed dollars. In this episode of Good For Bitcoin, Brandon and Jakob discuss: Jakob's origin: from running an eyeglasses business in sub-Saharan Africa to building on Bitcoin in 2016 — and why most of the world doesn't have reliable money or property rights to it. USDh, plainly: a synthetic dollar backed by spot Bitcoin paired with a 1x futures short. ~10% historical yield, sourced from funding rates on Bybit, OKX, Bitget, and Binance via Copper and Sefu custody. The new integration: Strategy's STRC preferred equity now flows into USDh as a second yield source alongside the basis trade. Saylor's "financial distillation" framing: 50-vol Bitcoin → 2-vol STRC → 0-vol stablecoin — productized as USDh. hBTC, the Bitcoin carry trade: post BTC as collateral on Zest, borrow stables at ~3-5%, deploy into USDh at 8-10%, harvest the delta, swap back into Bitcoin. ~3% net yield in pure BTC terms, on-chain verifiable. Why a long-only Bitcoiner might pick hBTC over a stablecoin yield: cold storage stays cold storage; the unit of account never leaves Bitcoin. The property analogy: Saylor's optionality to sell some BTC isn't a thesis change — it's the same logic as selling a 10x'd house to buy more property. Strategy stays a net buyer. Saylor cosigned hBTC on stage at Bitcoin Vegas — unplanned. "X doing its magic," per Jakob. 📈 The news: Hermetica just raised the hBTC cap from 50 → 75 BTC. The last cap filled in under 24 hours. Borrow-side capacity is the only constraint on opening it wider. Guest: Jakob Schillinger — Founder & CEO, Hermetica — @jakob_btc Hermetica — @HermeticaFi — hermetica.fi Host: Brandon Marshall — @marshallmixing Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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May 22 · 20 min
The Feds Want 1 Million Bitcoin
A bipartisan duo just introduced a bill to codify a 1M-BTC Strategic Bitcoin Reserve into law — with a mandatory 20-year holding period and self-custody protections for everyday Americans. In this episode of Good For Bitcoin, Brandon and Kate discuss: 🍕 Happy Bitcoin Pizza Day — 16 years since Laszlo's 10,000 BTC for two pizzas. Strategy adds 24,869 BTC and now sits on 843,738 BTC — roughly 4% of all Bitcoin that will ever exist. SpaceX's IPO filing reveals 18,712 BTC on the balance sheet — more than Coinbase, Strive, and even Tesla. Tether buys SoftBank out of Twenty One (Jack Mallers' Strike-adjacent treasury vehicle) for ~$780M. Nakamoto runs a 40-for-1 reverse split to dodge a Nasdaq delisting — Brandon exits both Nakamoto and 21 and goes Bitcoin-only. The American Reserve Modernization Act (ARMA): bipartisan support, up to 200,000 BTC acquired per year over five years, budget-neutral, 20-year lockup, quarterly proof-of-reserves, and a self-custody guarantee. Prime Trust's bankruptcy estate sues Swan ($970M) and Strike ($150M) for clawbacks — part of 99 lawsuits aimed at the broader industry. Glassnode: 30.2% of all Bitcoin sits in addresses with exposed public keys — mostly from address reuse. Iran launches "Hormuz Safe," a Bitcoin-backed insurance product for ships transiting the Strait of Hormuz. Galaxy Digital scores a NY BitLicense, and Minnesota authorizes banks and credit unions to offer Bitcoin custody. We secured @goodforbtc on X — go follow and help us get verified. Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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May 15 · 51 min
Claude Cracked a Bitcoin Wallet
A guy who lost access to ~5 BTC for 11 years used Claude Code to recover it — and the crypto internet lost its mind. But did Claude actually break Bitcoin? Brandon and Kate unpack what really happened. In this episode of Good For Bitcoin, Brandon and Kate discuss: Saylor and Strategy float the idea of selling some Bitcoin — and Bitcoiners are mad Bitcoin earnings season: MARA dumps 3,386 BTC, Block adds 34, Bitfarms rebrands to Keel Infrastructure, Fold sells 1 BTC (why?) Trump's Q1 filings reveal Coinbase, MARA, and Strategy on the buy list Brandon launches VibeWatch (vibewatch.io) — the social listening tool he wished existed for crypto The Bitcoin Staking white paper drops: keep your BTC on L1, earn native Bitcoin yield, no slashing, exit anytime Did Claude actually crack a Bitcoin wallet? Inside the 11-year recovery story tearing through X Bitcoin mining is bleeding — ~20% of miners are unprofitable and MARA posts a $1B Q1 loss Stratum V2: seven pools controlling 75% of hashrate commit to handing block-building back to individual miners The CLARITY Act clears the Senate Banking Committee — what got compromised, what got fixed Jane Street dumps 78% of MSTR + $1B of BTC ETFs, Charles Schwab rolls out crypto trading (no withdrawals), and Drake asks for an SBF pardon on his new track Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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May 1 · 37 min
Hard Forking for Satoshi's Coins
Paul Sztorc is hard forking Bitcoin — and the plan involves reassigning Satoshi's coins. Brandon and Kate break down the most chaotic week of news in months. In this episode of Good For Bitcoin, Brandon and Kate discuss: Public companies stack: Strategy adds 3,273 BTC (now 818,334 total), Strive +798, Block +114, Capital B +6, Smarter Web +28 Nakamoto launches a BTC derivatives strategy with Kraken and Bitwise — covered calls, protective puts, and yield from Bitcoin's volatility Paul Sztorc announces a Bitcoin hard fork called eCash — drivechains by force, plus a controversial plan to reassign Satoshi's coins to investors of the new project Bitcoin Vegas takeaways: SEC chair Paul Atkins debuts Project Crypto, AG Todd Blanche and FBI's Kash Patel say "code is free speech," and Senator Lummis says the CLARITY Act gets marked up in May White House crypto advisor Patrick Witt teases a "major announcement" on the Bitcoin Reserve in the coming weeks Tether proposes merging 21, Strike, and Electron Mining into one Bitcoin powerhouse — Brandon and Kate called it a year ago Litecoin hit with a 51% attack — a 13-block reorg over three hours and double-spends across cross-chain swap protocols April was the worst month ever for DeFi exploits: $635M lost across 28 incidents in 30 days Wall Street Journal: World Liberty Financial partnered with a venture run by men sanctioned in the Prince Group scam crackdown — for a blockchain-themed resort in East Timor Bitkey unveils a new model with a screen, Alberta's pension fund discloses a $219M stake in Strategy, and ord.net is now the place for Ordinals trading Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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April 24 · 29 min
Did we just find Satoshi?
A new documentary dropped claiming Satoshi Nakamoto was actually two people — Hal Finney and Len Sassaman — and the Bitcoin world is buzzing. Plus: Strategy just overtook BlackRock, and the US Air Force is running a Bitcoin node. In this episode of Good For Bitcoin, Brandon and Kate discuss: Strategy bought 34,164 BTC — their largest purchase since November 2024 and 3rd largest ever — now holds 815,000 BTC, surpassing all of BlackRock's iBIT ETF clients combined "Finding Satoshi" documentary claims Satoshi was both Hal Finney and Len Sassaman — Brandon and Kate discuss the evidence and the Bitcoin community's reaction $292M Kelp DAO hack — the biggest crypto exploit of 2026 — sparks debate about Arbitrum's decentralization after their governing body froze Wrapped ETH Hermetica launches HBTC: Bitcoin-in, Bitcoin-out yield product earning from sBTC, Basis Trades, and dual-stacking on Stacks — hits 50 BTC cap in days Allbridge Core now supports Stacks, enabling USDC and USDT bridging to and from Stacks from 16 chains Bitcoin Core v31 adds private broadcast via Tor/I2P — transactions no longer linkable to a node's IP address or location Coinbase's Quantum Advisory Council publishes a quantum computing report, with 17 active researchers working on post-quantum Bitcoin solutions including BIP 360 US Air Force Admiral tells lawmakers the military is running a Bitcoin node and conducting operational tests for network resilience Tether freezes $344M in USDT linked to Iran — Iran had previously been seeking USDC and BTC Russia officially recognizes crypto as property under law but bans everyday use as currency Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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April 23 · 26 min
Bitcoin DeFi Is No Longer an Experiment ft. Andriy Velykyy of Allbridge
Allbridge cofounder Andriy Velykyy joins Brandon and Kate to unpack what real Circle-issued USDC on Bitcoin actually means — and why he's calling this the moment Bitcoin DeFi stops being an experiment. In this bonus episode of Good For Bitcoin, Brandon and Kate sit down with Allbridge cofounder Andriy Velykyy to discuss: The origin of Allbridge — from connecting EVM and non-EVM chains five years ago to 17+ networks, 1M+ unique wallets, and nearly 2M on-chain transfers today Surviving the KelpDAO contagion and why Arbitrum's emergency freeze of 30,000 ETH — moving funds without a private key signature — sets a dangerous precedent for self-custody Echoes of the DAO hack and the Ethereum / Ethereum Classic split Why stablecoin rails are the missing ingredient for any DeFi ecosystem — and the "Bitcoin is savings, stablecoins are checking" framing USDCx on Stacks: the first Circle-standard USDC on any Bitcoin layer, and what that signals about capital flow into Bitcoin DeFi Liquidity fragmentation — why one canonical USDC beats a dozen bridge-minted versions Allbridge Classic sunsetting April 30 — Andriy's direct plea to migrate aeUSDC loans off lending protocols before the lights go out Where Bitcoin DeFi is headed next: perp DEXes, stablecoin card payments, treasury management, and cross-chain yield arbitrage How Allbridge Core's stablecoin-to-stablecoin routing (USDT TRC20 → USDCx on Stacks) opens Bitcoin DeFi to users in emerging markets Guest: Andriy Velykyy — Cofounder, Allbridge (core.allbridge.io) Hosts: Brandon Marshall — @marshallmixing Kate Parkman — @katemparkman Subscribe & Follow: goodforbitcoin.com YouTube Spotify Amazon Music Apple Podcasts Pocket Casts RSS
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Showing 1–20 of 22 episodes