Transaction URL: https://blockchain.com/btc/tx/810227c5b11b1eb033c7f550067a997294ad4b14bb0ad91e90a0811513abb5eb
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Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter.
Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Felix Jauvin and Casey Wagner. Here’s what you’ll find in today’s edition:
A pulse check on short-term interest rates and where we stand now.
Ether ETFs hit the market today. Find out what we’re watching for.
Kamala Harris is close to securing the official Democratic nomination. Where do her top VP picks stand on crypto?
Monetary plumbing deep dive
The monetary plumbing network, often referred to as short-term interest rates (STIR), is the…
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Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter.
Howdy!
I am touching grass today, so Jeffrey is stepping in with the story of how transactions make it to the blockchain.
It’s admittedly a little funny that all this complex infrastructure predominantly helps degens buy memecoins. It reminds me a bit of how liquor goes through a whole long distillation process just to get diluted by cranberry juice or coke. But I digress:
The lifecycle of a Solana transaction
Solana tends to be so fast and efficient that transactions can feel instantaneous. But there’s actually a lot more…
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Metaplanet Inc., a prominent Japanese company traded on the Tokyo Stock Exchange, has unveiled a landmark partnership with Hoseki, a leader in Bitcoin verification solutions. This alliance introduces a Bitcoin proof of reserves system through Hoseki Verified, ensuring unparalleled transparency and real-time auditability of Metaplanet’s Bitcoin assets. With verifications handled by respected custodians such as Coinbase, BitGo, and Gemini, this initiative stands as a testament to the evolving trust and openness in the cryptocurrency sphere.
Sam Abbassi, Hoseki’s Founder and CEO, highlights the significance of this move, stating, “Metaplanet will define the future of the Bitcoin industry with its commitment to the core features of Bitcoin’s network—radical auditability and transparency.” This collaboration not only enhances investor confidence but also sets a new standard for corporate accountability in digital asset management.
Echoing the sentiment of advancing transparency, Dylan LeClair, Director of Bitcoin Strategy at Metaplanet, remarked, “As Bitcoin adoption grows worldwide, our partnership with Hoseki embodies the Bitcoin ethos of ‘Don’t Trust, Verify.'” The company’s strategy aligns with the principles of transparency essential in a digitally-forward financial landscape, marking this as just the beginning of Metaplanet’s initiatives to champion and maintain clarity in its operations and asset management.
