

colourorange 🥪
12K posts

@_colourorange
studying #bitcoin / studying covenants 🥪 / CTV+CSFS 👍 / running #halfining 🏃♂️ / 🇨🇦 npub1t8l0swtaf0lszprg0mwd2qxpyhme9ucju632n4j8cj4x45stsfxqp4slru



Last-minute negotiations between Banking Committee Republicans and Democrats this morning led to a compromise that removed language from the Blockchain Regulatory Certainty Act (BRCA) in Section 301 of the CLARITY Act. This is significant. The BRCA was the provision that explicitly protected noncustodial software developers from being classified as money transmitters. It was the direct response to the Tornado Cash and Samourai Wallet prosecutions, the carve-out that Senators Grassley and Lummis negotiated to shield good-faith developers while preserving prosecutors' ability to go after those who knowingly facilitate crime. That language has now been stripped to secure bipartisan votes. DeFi advocates are already raising alarms, saying the move could gut critical protections for software developers as the bill moves to the full Senate. Despite the concession, Senator Mark Warner (D-VA) still did not vote to advance the bill, even after positively referencing the changes during the markup. Senator Bernie Moreno said during the hearing that there's "still work to be done on Section 301," signaling that negotiations on developer protections will continue as the Banking Committee and Agriculture Committee merge their texts ahead of a floor vote. The bill passed committee 15-9. But the developer protection language that made this bill matter to the people actually building in Bitcoin just got traded away for votes that didn't even materialize.

OP_RETURN situation continues to remain SHOCKING: Last week, OP_RETURN outputs with sizes greater than 83 B made up again OVER 0.000075% of the total OP_RETURN output count and OVER 0.14% of the total blockspace taken by OP_RETURN outputs!!1 dune.com/murchandamus/o…



LIVE NOW - The $200 Billion Shadow Market Behind Anthropic's Stock | Dio Casares Anthropic's secondary market is tens of billions of dollars deep, stacked with SPVs on top of SPVs charging 10% fees plus carry, and almost entirely opaque. @diogenes of @patagon breaks down how it actually works: - which deals Anthropic blesses and which get cease-and-desists, - why fake share certificates show up in 10-20% of executed deals, - what tokenized equities and pre-IPO perps actually represent, - and the mess of lawsuits and stuck shares coming when Anthropic finally IPOs. Enjoy. -------------- TIMESTAMPS 0:00 Intro 0:40 What is Going on in Secondary Markets? 7:03 How Anthropic Secondary Markets Unfold 14:51 Anthropic’s Secondaries Social Elite 19:00 Emerging SPV Structure 21:51 Accidental Frauds? 27:04 After IPO Consequences 35:13 Private Market Lessons 38:21 Patagon Markets 43:54 Tokenized Perps 44:57 Closing Thoughts

LIVE NOW - The $200 Billion Shadow Market Behind Anthropic's Stock | Dio Casares Anthropic's secondary market is tens of billions of dollars deep, stacked with SPVs on top of SPVs charging 10% fees plus carry, and almost entirely opaque. @diogenes of @patagon breaks down how it actually works: - which deals Anthropic blesses and which get cease-and-desists, - why fake share certificates show up in 10-20% of executed deals, - what tokenized equities and pre-IPO perps actually represent, - and the mess of lawsuits and stuck shares coming when Anthropic finally IPOs. Enjoy. -------------- TIMESTAMPS 0:00 Intro 0:40 What is Going on in Secondary Markets? 7:03 How Anthropic Secondary Markets Unfold 14:51 Anthropic’s Secondaries Social Elite 19:00 Emerging SPV Structure 21:51 Accidental Frauds? 27:04 After IPO Consequences 35:13 Private Market Lessons 38:21 Patagon Markets 43:54 Tokenized Perps 44:57 Closing Thoughts


