On The Brink with Castle Island Weekly Roundup 11/14/25 (Miran speech, Cash App adds Stables, DAT Hangover)(EP.685)
15 snips
Nov 14, 2025 This week covers a range of hot topics in the crypto world. A key discussion revolves around Fed Governor Stephen Miran's stablecoin speech and its implications for monetary policy. Coinbase's move out of Delaware raises eyebrows, alongside the fallout from their failed acquisition of BVNK. Visa's support for stablecoins and the Czech Republic's Bitcoin purchase add to an evolving financial landscape. Plus, debates on CBDCs and their potential impact on stablecoins shed light on the future of digital currencies.
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Coinbase Leaves Delaware For Texas
- Coinbase announced it will reincorporate from Delaware to Texas, citing Delaware court decisions.
- Nic Carter and Matt Walsh framed this as Delaware losing its monopoly on incorporations.
Capturing Value With Protocol Fees Is Hard
- Uniswap's plan to enable protocol fees aims to route revenue to token holders and increase explicit token value.
- Token-equity conflicts make value capture between shareholders and token holders inherently complex.
Big Crypto Deals Can Collapse Quietly
- Coinbase's planned $2 billion BVNK acquisition fell through with few public details.
- High-profile M&A in crypto can unravel quickly and quietly even after leaks.
