Late Confirmation by CoinDesk

In this week's news, we hit Ark Labs raising from Tether, CleanSpark and Two Primes' take on Bitcoin price action, and how the IRS is trying to get more info about your digital asset stack. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin. Welcome back to Blockspace! Today, Alex B, Ecosystem Lead at Ark Labs joins us to talk about their massive $5.2M raise led by Tether and the push for programmable finance on Bitcoin. We also sit down with Rory Murray of CleanSpark and Alex Bloom of Two Prime to discuss the "beach ball" state of the market and how institutional lenders are navigating high volatility. Finally, we expose the IRS's new 1099-DA form "perjury trap" and settle the debate on when the 20 millionth Bitcoin was actually mined. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Ark Labs raised a $5.2M seed round led by Tether. * Bitcoin rose 10% in five days, hitting $74,000. * US stock market lost $1 trillion in a single day. * Hash price sits near an all-time low of $27. * The 20,000,000th Bitcoin was mined this week. * IRS Form 1099-DA is labeled a "perjury trap." Timestamps: 00:00 Start 01:55 Bitcoin price action 04:29 Hashrate Index update by Luxor 08:58 Ark Labs seed round 30:43 CLSK & Two Prime 46:50 Luxor & ASIC prices 1:00:33 IRS trap 1:07:45 Binance & CZ 1:19:39 Cry Corner: 20M BTC Mined

Lunch with President Trump at Mar-a-Lago? Top holders of the $TRUMP token will have another opportunity to dine with the President after the company behind the token announced a "gala luncheon" late next month at Mar-a-Lago. Is it going to raise more concerns about Trump's ties with crypto? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

The bull case for HYPE with Arthur Hayes. Maelstrom CIO and BitMEX Co-Founder Arthur Hayes joins Markets Outlook to break down his renewed bull case for Hyperliquid's HYPE token — and why this week's record-breaking open interest on HIP-3 is making that case for him. Plus, he makes the case for Zcash as the privacy narrative heats up, and drops his latest bitcoin prediction. - Check out CoinDesk's research report on Pudgy Penguins at: https://www.coindesk.com/research/pudgy-penguins-challenging-the-pokemon-and-disney-legacy-in-the-global-ip-race. - Timecodes: 01:17 - Why Hayes Flipped Bullish on Hype Again03:41 - What Makes Hyperliquid Beat the Competition05:58 - Trading Oil on the Weekend: The HIP-3 Moment07:17 - What Would Make Hayes Exit His HYPE Position?08:29 - GMX vs Hyperliquid10:12 - What Else is Hayes Bullish On?11:45 - Latest Bitcoin Price Target - This episode was hosted by Jennifer Sanasie.

Ripple's $750M buyback values the company at $50B. Ripple is buying back $750 million in shares, pushing the blockchain payment company's valuation to a staggering $50 billion. The move comes months after a major funding round and follows an aggressive acquisition spree. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

TeraWulf is now building 5 sites for AI workloads after recent acquisitions in Kentucky and Maryland. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin. Welcome back to The Blockspace Podcast! Today, Nazar Khan, CTO of TeraWulf, joins us to talk about the company's expansion into AI and HPC. We dive deep into their new sites in Kentucky and Maryland, the strategy behind repurposing brownfield industrial infrastructure, and why battery storage is the key to grid reliability. Nazar explains the transition from bitcoin mining to AI loads and how TeraWulf plans for its bitcoin mining fleet amid the AI expansion. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Targeting 480MW capacity in Kentucky by H2 2027. * Maryland site to feature 1GW load and generation. * 500MW battery storage planned for Maryland campus. * Targeting energy availability in MD by 2028-2029. Timestamps: 00:00 Start 04:07 Kentucky site 06:33 Maryland site 08:25 Redundant power 10:13 Battery storage 13:40 New generation 14:49 Tenants for sites 17:08 Brownfield sites 19:28 Lake Mariner & Abernathy sites 24:28 Geopolitical concerns 27:49 Managing a power plant 33:55 168 megawatts 40:55 Local pushback on new data centers 48:21 Bitcoin mining future

Binance sues the Wall Street Journal for alleged defamation. Binance has filed a defamation lawsuit against The Wall Street Journal over a February article claiming the U.S. Department of Justice is investigating the exchange for transactions linked to Iran. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Trump hints at a 'very soon' end to Iran war. Crypto market strength extended into Tuesday following comments from President Trump that the conflict in Middle East could be ending soon. Is the weakening dollar a signal that Bitcoin might see a further breakout? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

The next phase for stablecoins and a new product powered by Borderless with CEO Kevin Lehtinitty. Borderless.xyz CEO Kevin Lehtiniitty joins CoinDesk's Jennifer Sanasie to discuss their new partnership with Dfns and the shift toward "Stablecoin 2.0" for global institutions. - This episode was hosted by Jennifer Sanasie.

Avalanche CBO, John Nahas, reveals the roadmap to solve the $100 trillion institutional distribution problem by trading general purpose blockchains for custom L1s. John Nahas, Chief Business Officer of Avalanche, joins Gen C to reveal the roadmap for transforming global finance through custom tailored, sovereign L1 blockchains. John breaks down the industry's much-needed transition away from "one-size-fits-all" technology to solve the $100 trillion distribution problem for institutions like JP Morgan and Citi. He shares the strategy behind Avalanche becoming the invisible backbone for everything from FIFA collections to tokenized equity markets, delivering the institutional rails required to move beyond speculative hype into real world economic value. - Links mentioned from the podcast: John's Twitter Avalanche Website Ava Labs Website New York Times Article: "Crypto is Pointless" - Follow us on Twitter:  ⁠⁠Sam Ewen⁠⁠, ⁠⁠CoinDesk - "Gen C" features host Sam Ewen. Executive produced by Uyen Truong.

At a time when other bitcoin miners are pivoting to AI, Canaan is doubling down on bitcoin. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin. Welcome back to The Blockspace Podcast! Today, Liang Wang, VP of Canaan, joins us to talk about how Canaan is approaching the changing tides in bitcoin mining as peers pivot to AI. We dive into their recent acquisition of Texas mining sites from Cipher Mining, their 60.9% year-over-year sales growth for their Avalon ASIC miner series, and the economics of mining in the current market. Liang also shares insights into China's regulatory landscape, the potential of stranded energy in North America, and how AI is impacting ASIC miner market dynamics. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * 60.9% YoY growth in ASIC equipment sales. * Sold 14.6 EH/s of new equipment in Q4. * Acquired 49% equity in three Texas sites. * Texas power rates below $0.03 per kWh. * Zero self-mining exposure in China. * Bitcoin price at $65,000–$70,000 range. Timestamps: 00:00 Start 04:23 Cipher acquisition 08:57 Behind the meter & asset heavy 13:08 Stranded energy & hashrate growth 16:16 ASIC sales are up? 22:46 China update 28:09 New markets by country 33:10 2 nanometer chips? 38:58 Chip making demand for AI & others 46:58 The "AI pivot" impact?

What's driving the markets as geopolitical tensions rise with the NYSE's Michael Reinking. NYSE Senior Market Strategist and Head of the MAC Desk Michael Reinking joins CoinDesk's Jennifer Sanasie to break down what's driving markets as geopolitical tensions in the Middle East push oil prices sharply higher. Plus, he explains why the conflict is hitting Asia harder than the US, how volatility is triggering de-risking across asset classes, and what the surprising resilience in crypto and mega-cap tech could signal. - This episode was hosted by Jennifer Sanasie.

Unpacking the stablecoin yield fight and the quantum threat to bitcoin with DACFP Founder Ric Edelman. Digital Assets Council of Financial Professionals Founder, and Author of The Truth About Crypto, Ric Edelman joins CoinDesk's Jennifer Sanasie to discuss why the crypto industry needs to compromise with the banking lobby to pass the Clarity Act. He explains why stablecoin yield isn't the "hill to die on" and how legislative certainty could trigger a massive bull run toward $500,000 bitcoin. Plus, Ric debunks the quantum threat to the bitcoin. - Timecodes: 01:00 — The Stablecoin Yield Fight Is Not "The Hill to Die On"02:36 — Will the Clarity Act Pass Before Midterms?04:23 — Is Crypto Done? 06:48 — Debunking the Quantum Computing Threat to Bitcoin08:51 — Ric's Personal Recommendation: The 40% Crypto Allocation09:50 — What Does the Future of Tokenization Look Like? - This episode was hosted by Jennifer Sanasie.

Nasdaq partners with Kraken to offer tokenized stocks. Nasdaq announced that it's teaming up with Kraken to distribute one-to-one tokenized versions of public company stocks to customers in Europe and other international markets. Holders would retain the same governance rights as traditional shareholders, including voting and dividends. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

A Zoomer arrested for stealing $46M from the US Marshals, Kraken makes history with a Fed Master Account, and IREN builds to 150,000 GPUs. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin. Chris Johhansen of Ion Stream and Kaan Farahani of Luxor join us to talk about the insane arrest of John DeGuida for allegedly stealing $46 million from the US Marshals Service. We break down Kraken Financial's historic Fed Master Account and what a "skinny" seat at the table means for the industry. Plus, we analyze the massive pivot from ASICs to GPUs and review the tumultuous Bitcoin hash rate data from February. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Zoomer stole $46M from US Marshals Service (his dad!) * Kraken gets first Fed Master Account. * Iren expanding GPU fleet to 150,000. * Difficulty adjustment targeting 7.5% up. Timestamps: 00:00 Start 04:53 Difficulty Report by Hashrate Index 07:49 $46M Stolen from US Marshals Service 15:35 Kraken Financial Granted Federal Reserve Master Account 21:48 AI Compute & Neocloud Dynamics 24:11 AI boom vs crypto boom 27:39 AI inference vs training 30:44 Scoping AI deals 32:41 H100 are still viable? 36:35 Hashrate 37:46 February suprises 44:40 What ASICs are profitable? 45:36 More hashrate declines? 47:36 5 cents per KWH 49:29 Hashrate prediction 52:51 IREN Expands GPU Fleet 1:01:44 Cry Corner: Miners Are Dumping BTC?

Ripple brings Coinbase Futures to platform. Ripple is expanding its institutional reach, adding the full range of crypto futures listed on Coinbase Derivatives to its Ripple Prime platform. After clearing $3 trillion in volume last year, the move allows clients to trade regulated futures for Bitcoin, Ether, and XRP. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Crypto pushes back against Ray Dalio's comments on Bitcoin. Billionaire Ray Dalio blasts Bitcoin again, claiming it lacks the qualities of gold and faces existential threats from quantum computing. Crypto experts are pushing back on those comments, arguing his critiques are "tired" and already priced in. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Chris Seedor joins the podcast to discuss the terrifying rise in physical Bitcoin attacks and how to mitigate risk. We cover stainless steel backups, multi-sig setups, and why AI-driven phishing is changing the security game forever. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin. Chris Seedor of Seedor & Bitsurance joins us to talk about the rising threat of physical "wrench attacks" and advanced Bitcoin self-custody. We discuss the 70% spike in violence against BTC owners, using Miniscript for time-locked security, and how AI-driven phishing is bypassing video IDs. Chris explains why simple seed phrases are high-risk and how protocol changes like covenants could revolutionize reactive security for all holders. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Physical attacks up 70% since 2024  * 74 documented Bitcoin physical attacks  * 1 in 10 kidnappings resulted in death  * Successful attacks occur 66% of the time  * $1.5B Ethereum stolen in Bybit hack  Timstamps 00:00 Start 03:26 Chris has a real job? 05:40 Hardware wallet vs steel backup? 08:12 Understanding your risk surface area 11:17 Attacker landscape 15:50 Shift in mindset 17:10 Even smart people get scammed 18:38 AI supercharging scams 20:50 New ways of securing your BTC 23:48 What's happening technically 25:58 Security on other chains 28:42 Softforks 31:53 Tools for the baddies (ordinals / runes)

Kraken secures access to a Fed master account. What does it mean for crypto? Kraken has become the first crypto-native company to secure direct access to the Federal Reserve's payment systems. In today's Markets Outlook Jonathan Jachym, Kraken's Global Head of Policy and Government Relations, joins CoinDesk's Jennifer Sanasie to discuss the years-long journey to this milestone and what it means for the future of U.S. dollar settlement and institutional crypto adoption. Plus, Kraken's response to President Trump's recent calls for the Senate to pass the CLARITY Act and stop banks from "undercutting" American innovation. - Timecodes: 01:03 - Inside Kraken's Historic Fed Approval02:27 - The Four-Year Regulatory Journey04:40 - Bypassing Banks to Make Transfers Faster and Safer06:15 - Why Kraken Won Where Others Failed08:16 - Response to Pushback from Banks on Fed Master Accounts10:16 - Trump's CLARITY Act Push vs. The Banks - This episode was hosted by Jennifer Sanasie.

Trump blasts U.S. banks for holding crypto "hostage" in push for Clarity Act. President Trump has attacked U.S. bankers on Truth Social, accusing them of trying to undermine the GENIUS Act and holding new crypto legislation hostage. With the Clarity Act stalled in Congress, Trump warns that crypto will flee to China if banks don't allow stablecoin yield. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Crypto fled Iran after U.S.-Israeli airstrikes. Crypto outflows from Iran's largest exchange jumped 700% within minutes of the first U.S.-Israeli airstrikes on Tehran, according to analytics firm Elliptic. Is this the start of massive capital flight? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Unpacking Q4 crypto equities earnings with Benchmark-StoneX Analyst Mark Palmer. Benchmark-StoneX Senior Equity Research Analyst Mark Palmer joins CoinDesk's Jennifer Sanasie on today's Markets Outlook to break down Q4 earnings and the structural shifts happening across the crypto equity landscape. He discusses how the potential enactment of the Clarity Act could trigger an influx of institutional capital and why Coinbase's Base protocol is a massive hidden driver for shareholders. - Timecodes: 01:11 - Digging Below the Surface of a Rough Q402:27 - Is Crypto Legislation on the Back Burner In Light of Geopolitical Events?04:45 - What's Next: Strategy's New Fundraising Pivot & Base as the Next Big Driver05:56 - The Carnival Ticket Analogy: How Protocol Tokens Actually Work - This episode was hosted by Jennifer Sanasie.

AI has reawakened interest in nuclear energy, but rebooting America's nuclear age will take time and face challenges. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin. Welcome back to The Blockspace Podcast! Today, Dr. Hashem Hashemian, President of the American Nuclear Society and CEO of AMS, joins us to talk about the massive resurgence of nuclear energy in the United States. We dive into the shift from decommissioning plants to life-extensions of up to 100 years, the economic impact of AI and data centers on power demand, and the $12 billion investment flowing into Tennessee's nuclear hub. Dr. Hashemian explains why nuclear fell out of favor and the challenges the industry faces as it gets back on its feet. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * 94 nuclear plants produce 20% of US power. * License extensions aim for 100-year lifespans. * $12B committed for nuclear fuel refining in Oak Ridge. * $100M Tennessee state funding for nuclear dev. * Global nuclear must triple for climate goals. * $1.7B Oklo recycling plant coming to Tennessee. Timestamps: 00:00 Start 05:51 Tennessee represent 07:56 State of the nuclear industry 10:42 Nuclear faded in USA 17:19 Barriers to Nuclear development 20:12 Reforming the Nuclear Regulatory Commission 27:01 Red tape 29:47 What other policies would be good? 32:41 China copying 34:17 Remaining chokepoints 38:05 States leading the charge 40:46 Are SMRs really a thing? 44:18 Why are SMRs taking so long? 46:21 Fusion? Are we still talking about this? 48:56 Recycling fuel

Unveiling Coinbase's "Everything Exchange" with Head of Consumer and Platform BD Mark Troianovski. In today's Markets Outlook, Coinbase Head of Consumer and Platform Business Development Mark Troianovski joins CoinDesk's Jennifer Sanasie to unveil the platform's massive expansion into 24/5 stock and ETF trading for US users. He breaks down the vision for an "everything exchange" that blends crypto, equities, and prediction markets. - Timecodes: 01:10 - Coinbase Launches Stock Trading to U.S. Customers02:40 - Coinbase's Partnership with Yahoo! Finance and Integration03:55 - Will AI Agents Trade Stocks and Crypto for You?05:14 - Competing with TradFi Exchanges and Coinbase's "Sweet Spot"07:21 - Is Coinbase the Next "Everything App" for Finance?s - This episode was hosted by Jennifer Sanasie.

SpaceX is preparing for potentially the largest IPO ever. What should they do with their Bitcoin? Elon Musk's SpaceX is preparing for a confidential IPO filing as soon as March, targeting a record-breaking $1.75 trillion valuation. The S-1 filing will reveal 8,285 BTC on the balance sheet. With prices down, the rocket company is sitting on hundreds of millions in paper losses. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Hex Trust CEO Alessio Quaglini joins Consensus Hong Kong to discuss how stablecoins solve transparency issues in traditional banking and how Hex Trust simplifies cross-chain asset management for institutional partners. CEO and Co-Founder of Hex Trust, Alessio Quaglini, joins the desk at Consensus Hong Kong to explain how stablecoins are providing an upgrade to a trillion-dollar payments problem. Quaglini identifies the lack of transparency and efficiency in traditional banking as a massive hurdle that has been avoided for decades. He explains how Hex Trust acts as the conduit between the blockchain world and bank accounts, hiding the complexity of managing assets across 50 different blockchains for partners like IBM and Animoca. - This episode was hosted live by Jennifer Sanasie and Sam Ewen at Consensus Hong Kong 2026, presented by Hex Trust.

TBV co-founders Tobias Bauer and Brent Fulfer explain how high-production after-parties serve as a data-driven investment pipeline for their $30 million venture fund. Tobias Bauer and Brent Fulfer, co-founders of TBV, join CoinDesk Live at Consensus Hong Kong to reveal how high-production after-parties serve as the ultimate deal hub. They explain why the most authentic networking happens through shared entertainment experiences rather than rushed conference meetings. Through this unique model, they've transformed massive side events into a data-driven pipeline to fuel their $30 million venture fund, sourcing 28 investments in just the last year.

On the latest Blockspace roundup, the gang cover's Block's 40% workforce reduction and our scoop that Magic Eden is quitting the Bitcoin and Ethereum NFT game. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin. Welcome back to The Blockspace Podcast! Today, Charlie and Colin cover the Block's 40% workforce reduction and why the stock ripped 20% on the news. We also dive into the bitcoin mining conditions that are driving hashprice to all-time lows, Blockspace's scoop that Magic Eden is sunsetting its Bitcoin Ordinals marketplace, MARA's latest AI partnership, and the Terra/Luna lawsuit against Jane Street. Plus, Luxor's Michael San Miguel joins the show to discuss the ins and outs of the GPU market.  Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Block laid off 40% of its 10,000 employees. * Block stock surged 20% after the layoff news. * Bitcoin hash price hit an all-time low of $28. * Bitcoin difficulty adjusted upward by 14.73%. * Magic Eden is shutting down BTC and ETH marketplaces, multi-chain wallet * Bitdeer sold all its bitcoin; Cipher plans to sell its bitcoin in 2026 * MARA forms partnership with data center developer Starwood Timestamps: 00:00 Start 03:33 Hashrate update via Luxor's Hashrate Index 09:29 Block lays off 40% of staff 16:37 Magic Eden shutting down 25:54 GPUs & compute 28:03 GPU vs ASIC complexity 29:04 Upgrading hardware 32:16 Finding a compute buyer 34:00 Powershell vs Neocloud 37:12 Compute still in price discovery mode 42:05 MARA earnings 45:20 CIPHER dumping bags 48:44 Jane Street is the new boogyman 59:34 Everyone's short MSTR

Industry leaders from Auros, GSR, and Selini take the stage Consensus Hong Kong to dismantle the "evil" market maker narrative and explain their role as a defense against catastrophic volatility. Leaders from market makers took the stage at Consensus Hong Kong to dismantle the "evil" market maker narrative that dominates social media. In this candid panel, Auros Chief Commercial Officer, Jason Atkins, GSR's Managing Director and Head of APAC and EMEA Sales, Chuan Jin, and Selini's CEO and Founder, Jordi Alexander, explain why market makers are the primary defense against catastrophic volatility rather than the cause of it.

Kraken's Mark Greenberg joins CoinDesk Live to announce a $20 billion milestone in tokenized equity volume and explain how xStocks is dismantling the traditional brokerage model through 24/7 fractional trading. Mark Greenberg, Kraken's VP of xStocks and Global Head of Consumer, joins CoinDesk Live at Consensus Hong Kong to announce a $20 billion milestone in tokenized equity volume. He explains how xStocks is dismantling the traditional brokerage model by allowing users to buy fractional shares of Tesla and the S&P 500 directly within everyday apps. Greenberg discusses the 24/7 trading advantage, the roadmap for adding Hong Kong stocks, and why tokenized equities are becoming the preferred asset class for retail investors across Asia. - This episode was hosted live by Jennifer Sanasie and Dave Lavalle at Consensus Hong Kong 2026, presented by Hex Trust.

Did someone insider trader ZachXBT's insider trading investigation? After blockchain sleuth ZachXBT teased an investigation into a crypto firm, insiders seemingly bet heavily on Axiom before the news broke. With wallets netting 7x returns and Axiom admitting they were contacted beforehand, did the subjects of the investigation profit from their own exposure? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Tether has quietly become the largest bitcoin miners in the world, and Elektron manages 50 EH/s of the stablecoin issuer's fleet. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin. Welcome back to The Blockspace Podcast! Today, Rapha Zagury, CEO of Elektron, joins us to talk about the company's management of Tether's massive 50 EH/s bitcoin mining portfolio. Rapha breaks down Elektron and Tether's partnership, the incipient market bifurcation between AI/HPC and Bitcoin mining, and why he believes progress is directly correlated with energy use. We dive into the legal origins of Elektron, the company's global footprint across 32 sites, and the future of mining as Tether and Elektron double down on hashrate while the rest of the industry eyes AI. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Tether runs 50 EH/s with Elektron * Greenfield sites trading at $1/MW amid AI boom * Elektron manages ~200,000 ASICs globally * Operations span 32 sites across 5 countries * AI and BTC Mining bifurcation expected in 6 to 12 months Timestamps: 00:00 Start 05:31 BTC market crash 07:59 Who is Rapha? 11:16 What is Elektron? 14:46 Swan & Tether legal struggle 18:00 Asset light build out plan 23:20 Business setup 25:05 Why mine? 33:18 Hashrate geographic distribution 38:54 Bad places to mine BTC? 40:50 AI & HPC 48:56 3.8% staff costs 52:11 Hashrate growth 57:28 There's ALWAYS stranded energy 59:44 Elektron IPO?

Unpacking the regulatory path forward for prediction markets with Coinbase Litigation Head Ryan VanGrack. Coinbase's VP of Legal and Global Head of Litigation, Ryan VanGrack, joins Jennifer Sanasie and Renato Mariotti to discuss why the company is challenging state regulators to ensure a unified federal framework for prediction markets. He also shares why he believes bipartisan market structure legislation is still on the table despite recent setbacks. - Timestamps: 01:10 - The CFTC's Response to Kalshi's Insider Trading Accusations02:38 - Why Coinbase is Suing the States03:41 - Prediction Markets vs. Sports Betting08:14 - The States Are "Gaslighting" the Public on Prediction Markets11:31 - Is Market Structure Still Possible?15:58 - Addressing Concerns About Coinbase's Role in Stalled Market Structure Legislation - This episode was hosted by Jennifer Sanasie and Renato Mariotti .

GoMining CEO Mark Zalan takes the stage at Consensus Hong Kong 2026 to discuss systemic infrastructure barriers to Bitcoin payments and how GoMining is building solutions to bridge the gap between holding and utility. GoMining CEO Mark Zalan took the stage at Consensus Hong Kong 2026 for a fireside chat challenging the industry's reliance on the HODL narrative. Drawing on data from a survey of over 5,700 users, Zalan revealed a stark reality: more than 55% of bitcoiners rarely or never use BTC for real-world payments, despite nearly 80% supporting its adoption as a currency. In this session, Zalan dismantles the myth that bitcoin's primary hurdle is a lack of interest, pointing instead to a systemic failure in infrastructure. He explores the critical barriers identified by the data including limited merchant acceptance, high fees, and price volatility—while detailing how GoMining is building the solutions to bridge this gap, from the rollout of native Layer 1 payment rails to a yield product.

Nvidia smashes expectations with $68.1B Q4 revenue. Nvidia has once again shattered Wall Street expectations, reporting a massive $68.1 billion in Q4 revenue driven by its data center business. The chipmaker's bullish Q1 guidance o f$78 billion is sending ripple effects across the market, boosting AI-linked crypto tokens and mining stocks. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Fahmi Syed of the Midnight Foundation joins CoinDesk Live to discuss the network's upcoming mainnet launch, strategic cloud partnerships, and the role of "rational privacy" in the AI era. Fahmi Syed, President of the Midnight Foundation, joins CoinDesk Live at Consensus Hong Kong to break down the rapid evolution of the Midnight network. With infrastructure partnerships now in place with Google Cloud and Telegram, Syed details the strategic roadmap for Midnight's late-March federated mainnet launch. He explores the real-world utility of Midnight City—a SimCity style environment where users can interact with zero-knowledge proofs and private stablecoins in a live simulation. As AI-driven data exploitation becomes a global concern, Syed explains why "rational privacy" is the essential bridge for institutions and retail users to trade and protect their identities without compromise. - This episode was hosted live by Jennifer Sanasie and Sam Ewen at Consensus Hong Kong 2026, presented by Hex Trust.

Le Shi of Auros discusses how global macro factors and US political headlines are driving the current crypto market regime. Auros Hong Kong Managing Director, Le Shi, joins CoinDesk Live to discuss the tightening convergence between crypto and global macro factors. He breaks down how political headlines from Trump's tariff threats to Fed chair nominations are now driving bitcoin. Shi suggests that as the US midterms approach, political incentives to cut rates and boost the economy could provide the necessary catalyst to pull the crypto market out of its current choppy regime. - This episode was hosted live by Jennifer Sanasie at Consensus Hong Kong 2026, presented by Hex Trust.

William Campbell introduces USDKG, a Kyrgyzstan-backed digital dollar collateralized by the nation's physical gold reserves. Project Lead for USDKG, William Campbell, joins CoinDesk Live at Consensus Hong Kong to introduce a stablecoin backed by Kyrgyzstan's physical gold reserves and overseen by its Ministry of Finance. Campbell explains how the nation-state is modernizing its economy to become one of Central Asia's premier crypto hubs, leveraging its vast natural gold mines to collateralize a digital dollar. - This episode was hosted live by Jennifer Sanasie and Sam Ewen at Consensus Hong Kong 2026, presented by Hex Trust.

U.S. Senator probes into Binance over alleged ties to Iran. U.S. Senator Richard Blumenthal has opened an investigation into Binance following reports that $1.7 billion was transferred to Iran-linked organizations. Binance denies the claims, but is the world's largest exchange in trouble again given sanctions violations in the past? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Stellar's Raja Chakravorti and Marketnode's Rehan Ahmed discuss how APAC's massive wealth and regulatory tailwinds are driving the commercialization of onchain assets. Raja Chakravorti, Chief Business Officer at Stellar Development Foundation, and Rehan Ahmed, CEO of Marketnode, joined CoinDesk Live at Consensus Hong Kong to discuss the shift from blockchain experimentation to full-scale commercialization in the Asia-Pacific region. With 7 million millionaires projected in the region by 2030 and $10 trillion in assets managed between Singapore and Hong Kong, the duo outlines how APAC is outperforming the West in the race for onchain settlement. - This episode was hosted live by Jennifer Sanasie at Consensus Hong Kong 2026, presented by Hex Trust.

GoMining's Fakhul Miah explores how ETF liquidity and the 2026 mining shakeout are ending Bitcoin's traditional four-year cycle. Fakhul Miah, Managing Director of GoMining Institutional, joins CoinDesk Live from Consensus Hong Kong to discuss bitcoin's evolution into a mature macro reserve asset. He explains how massive institutional ETF flows are dampening volatility and breaking the traditional four-year cycle. A major mining shakeout is also underway, leaving only the most efficient operators to survive the infrastructure-grade shift of 2026. - This episode was hosted live by Sam Ewen and Dave Lavalle at Consensus Hong Kong 2026, presented by Hex Trust.

Solana's Lu Yin discusses the shift to Internet Capital Markets and how the network is scaling to bridge global finance with the APAC region. Solana Foundation's Head of APAC, Lu Yin, joins CoinDesk Live at Consensus Hong Kong to break down why Solana is the emerging infrastructure for global finance. In this interview, Yin explores the transition toward Internet Capital Markets, where global assets and payments settle natively on-chain. From navigating Asia's complex regulatory landscape to scaling for 3,000+ builders, discover how Solana is bridging the gap between Wall Street and the APAC region. - This episode was hosted live by Jennifer Sanasie at Consensus Hong Kong 2026, presented by Hex Trust.

Meta plans for a stablecoin comeback this year. Mark Zuckerberg is reportedly ready for a stablecoin comeback years after the collapse of Libra. Will Meta's re-entry to the stablecoin market be smooth sailing? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.