Author: CoinDesk

The U.S. saw August deficit of $345 billion. How did gold and bitcoin react?

The US government posted a $345 billion deficit in August, with its revenue of $344B overshadowed by $689 billion in spending. The net interest at $93 billion highlights the growing pressure that rising borrowing costs are placing on federal finances. Will this have any impact on the upcoming Federal Reserve interest rate decision? CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Tether had a big win in court this week against Swan, and Bitmain is under the eye of the U.S. government. 

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On the latest Mining Pod news roundup, Will and Mat discuss Bitcoin’s 5 %+ difficulty jump, to Tether’s courtroom win over Swan, GOP calls for a CFIUS review of Bitmain, AI’s creeping impact on hashrate, and the claim that Ocean Pool’s CEO Luke Dashjar earns $750k a year.

Timestamps:

00:00 Start

02:40 Difficulty Report

06:37 CIFR, other mining stocks rip

11:21 Tether eyes victory in UK High Court

17:02 Bitmain, Cango in US cross hairs

24:14 Cry Corner: Is Luke Dashjr rich?!

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Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

Brian Quintenz took dispute with Tyler Winklevoss to X.

CFTC chair nominee Brian Quintenz released text messages with Gemini co-founder Tyler Winklevoss on Wednesday, suggesting Winklevoss had "misled" President Donald Trump about why the executive opposed Quintenz's nomination. CoinDesk’s Jennifer Sanasie breaks down what you missed about the dispute on “CoinDesk Daily.”

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Break the cycle of exploitation.

Break down the barriers to truth.

Break into the next generation of privacy.

Break Free.

Free to scroll without being monetized.

Free from censorship.

Freedom without fear.

We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design.

Break free with Midnight, visit midnight.network/break-free

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Jack Butcher, Artist and Founder of Visualize Value, shares how he turned a decade-long career in corporate design into one of the internet’s most recognizable creative brands. He explains how simplifying ideas into bold, viral visuals led to a new kind of artistic practice—one rooted in transparency, leverage, and working in public. Jack dives into how crypto unlocks new layers of creative ownership and why the most valuable assets today are driven by community.

Links mentioned from the podcast: 

• Jack's Twitter
• Jack’s Instagram
• Visualize Value Twitter
• Visualize Value Website

Follow us on Twitter: 

• Sam Ewen, CoinDesk

From our sponsor:

• Midnight is a privacy-enhancing blockchain introducing vital, programmable privacy and selective disclosure capabilities. It means dApps can allow users to control what information is revealed without putting sensitive data on-chain, allowing you to break free from the limitation of choosing between utility or privacy. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit midnight.network/break-free.

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"Gen C" features host Sam Ewen. Executive produced by Uyen Truong.

Chris Maurice, CEO and Co-Founder of Yellow Card, reveals how stablecoins are shaking up global payments. From discovering Bitcoin at college parties to a chance encounter at a Wells Fargo, Maurice shows how stablecoins tackle real problems by making cross-border transfers faster, cheaper, and easier. With rapid expansion into new markets and game-changing partnerships, Yellow Card is driving the mainstream adoption of stablecoins and reshaping the future of digital payments. 

Links mentioned from the podcast: 

• Chris's Twitter

• Yellow Card Website

Follow us on Twitter: 

• Sam Ewen, CoinDesk 

From our sponsor:

• Midnight is introducing a novel approach to token distribution. The Midnight Glacier Drop is a multi-phase distribution of the NIGHT token, aimed at empowering a broad, diverse community to build the future of the Midnight network. Holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX and BAT are eligible to participate in the first phase.

  Help usher in the next generation of blockchain with rational privacy and cooperative tokenomics on the Midnight network. To learn more, visit https://www.midnight.gd/ and prepare for the Midnight Glacier Drop.

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"Gen C" features host Sam Ewen. Executive produced by Uyen Truong.

BLS revision shows 1 million jobs less than reported. Can you trust the data anymore?

The U.S. Bureau of Labor Statistics disclosed that the economy created nearly 1 million fewer jobs than reported in the year ended March. What does this mean for the trades in the past year and can you trust the labor data anymore? CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

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Break the cycle of exploitation.

Break down the barriers to truth.

Break into the next generation of privacy.

Break Free.

Free to scroll without being monetized.

Free from censorship.

Freedom without fear.

We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design.

Break free with Midnight, visit midnight.network/break-free

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Unveiling the launch of Backpack EU with CEO Armani Ferrante.

To get the show every week, follow the podcast ⁠⁠⁠here⁠⁠⁠.

Backpack CEO Armani Ferrante joins CoinDesk's Jennifer Sanasie to discuss the launch of Backpack EU, a new crypto derivatives exchange and one of the first in Europe to offer regulated perpetual futures. Plus, Ferrante dives into the complexities of Backpack's acquisition of FTX EU, his plans to differentiate Backpack from competitors, and the company's ambitious goals for global expansion.

This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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Midnight is introducing a novel approach to token distribution. The Midnight Glacier Drop is a multi-phase distribution of the NIGHT token, aimed at empowering a broad, diverse community to build the future of the Midnight network. Holders of ADA, BTC, ETH, SOL, XRP, BNB, AVAX and BAT are eligible to participate in the first phase.

Help usher in the next generation of blockchain with rational privacy and cooperative tokenomics on the Midnight network. To learn more, visit midnight.gd and prepare for the Midnight Glacier Drop.

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This episode was hosted by Jennifer Sanasie.

Flashnet CEO Ethan Marcus breaks down Bitcoin’s on‑chain trading, fee wars, stablecoin hurdles, and why Spark aims to outpace Lightning—all in under 35 minutes.

Flashnet CEO Ethan Marcus joins us to discuss Bitcoin’s scaling landscape, on‑chain spot markets, the challenges of stablecoins, and how Spark’s signing protocol offers a fast, cheap alternative to Lightning. He also shares candid lessons from a $300 k load test and his vision for Bitcoin‑native finance.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes:

    Coinbase charges ~70 bps per trade.

    Spark handled $300 k in 9 min during beta.

    Bitcoin spot volume ≈ $20‑30 trillion yr.

    Lightning’s fee‑free stablecoin rollout deemed “disaster”.

    Spark’s operator model uses threshold signatures.

    Braille’s USD‑BTC stablecoin launches on Spark.

Timestamps:

00:00 Start

01:52 Is Flashnet crypto or fintech?

02:23 What is Spark?

03:25 Role of the Operator

05:06 Like a State Chain but different

06:50 Spark idea origins

08:54 Flashnet

11:08 Why not build on Lightning?

12:16 Hyperliquid

15:00 How does Spark fit into BTC scaling?

16:30 Why use a DEX?

18:38 Evolution of on-chain exchanges

20:35 Braille & stablecoins

21:58 RGB & other protocols

24:15 Park launch troubles

26:16 Degens lend a helping hand

28:08 Corporate chains

30:21 Single sequencer = server

32:09 Zero Day

33:08 Innovations in BTC

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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

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U.S. money market funds hit $7 trillion mark.

U.S. money market funds have reached a record high of over $7 trillion, potentially setting the stage for investments in riskier assets like crypto. Plus, Ledger CTO warns of a large-scale supply chain attack. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

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Break the cycle of exploitation.

Break down the barriers to truth.

Break into the next generation of privacy.

Break Free.

Free to scroll without being monetized.

Free from censorship.

Freedom without fear.

We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design.

Break free with Midnight, visit midnight.network/break-free

-

This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Refik Anadol, a world-renowned Visionary Media Artist and Founder of Refik Anadol Studio,has revolutionized the art world by transforming raw data into breathtaking immersive experiences using AI as his creative partner. From pioneering the groundbreaking concept of “data painting” to building vast digital universes onchain and launching Dataland, a cutting-edge museum dedicated to AI-driven art, he is shaping the future of creativity where dreams, data, and machines collide to redefine reality itself.

Links mentioned from the podcast: 

• ⁠⁠Refik's Twitter⁠⁠
• ⁠Refik's Website⁠⁠
• ⁠⁠Dataland Website⁠⁠
• ⁠⁠Dataland Twitter⁠⁠

Follow us on Twitter: 

• ⁠⁠⁠⁠Sam Ewen⁠⁠⁠⁠, ⁠⁠⁠⁠CoinDesk⁠⁠⁠⁠

From our sponsor:

• Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠https://midnight.network/break-free⁠⁠⁠

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"Gen C" features host Sam Ewen. Executive produced by Uyen Truong.”