Zeros

The Significance of a Rules-Based System for Bitcoin — and the Rationale Behind Wall Street's Recent Endorsement Goldman Sachs CEO David Solomon made headlines this week at the World Liberty Forum in Mar-a-Lago , Florida , when he publicly called for a codified, rules-based framework for how digital assets operate in the United States. He also confirmed, for the first time, that he personally holds a small amount of Bitcoin — describing it as, "very little, but some." For Bitcoin enthusiasts and digital currency collectors who have watched institutional attitudes shift over the past few years, Solomon's remarks are worth paying attention to. Not because Wall Street suddenly controls the direction of Bitcoin , but because what happens in Washington and in the boardrooms of major banks directly shapes the environment in which all of us hold and trade digital assets. What Solomon Actually Said Speaking at the forum, Solomon was direct: "I believe tha...

Who's Holding Your Bitcoin? The Coinbase Custody Question and the Rise of Paper Bitcoin When the SEC began approving spot Bitcoin ETFs in early 2024, millions of digital currency enthusiasts cheered. Finally, mainstream investors could gain exposure to Bitcoin through familiar brokerage accounts . But buried in the fine print of many of these funds was a detail that has quietly unsettled a corner of the Bitcoin community: Coinbase , the publicly traded digital asset exchange, was named custodian for a significant portion of these ETFs. And with that appointment came a term worth unpacking — Paper Bitcoin . If you've spent any time in digital currency forums lately, you've probably seen the phrase tossed around with varying degrees of alarm. The concept is slippery, and depending on who's using it, Paper Bitcoin can mean slightly different things. At its most straightforward, it refers to Bitcoin that exists as a financial instrument — a claim, a share,...

When Wall Street Wants 24/7 Trading But Won't Share Their Toys The SEC is reportedly developing a plan to let tokenized stocks trade on blockchain, and the reason is both predictable and slightly absurd: traditional financial institutions want to trade around the clock . They've been pushing the regulator to greenlight always-open markets, because apparently waiting for market hours is so 2019. But here's where it gets interesting: While everyone assumed tokenized stocks would be a massive windfall for the digital assets industry— particularly for networks like Ethereum — Dragonfly partner Rob Hadick is pouring cold water on that narrative. According to him, this whole thing might benefit traditional finance far more than it benefits cryptocurrency. The institutions want 24/7 trading and better economics, sure, but they don't actually want to play in the blockchain sandbox. The Great Leakage Problem Here's the part that should make any...