Top of the morning. Ole Matt’s on his way to a vacation. Maybe he’ll reveal where he’s going. Idk why he would leave Cleveland when the Guardians are surging back into contention. Meanwhile my Giants are looking very little with a freefall of no offense.
Let’s get to some listener questions
Dane Alberti wrote in from Down Under asking about whether token prices differ by exchange and geography. Short answer: yes. Local currency exchange rates and the exchange itself (Coinspot, Kraken, Coinbase, etc.) can impact spot prices. This is how concepts like the Kimchi Premium arise—Korean Bitcoin markets sometimes trade at higher prices. FTX famously exploited arbitrage opportunities like these. But before you imagine free money lying around, remember: speed and access are everything. Bots, advanced trading algos, and validator-level market access dominate this space. Retail can still play, but the mountain’s steep.
Svemichymedici asked about Douro Labs. They’re a Solana-based dev shop building for the Pyth Network (think Chainlink, but for Solana). Their team comes from Goldman Sachs, Jump Crypto, AWS, and Chorus One. They’re working on tools for Pyth data feeds and have even discussed regulatory applications with the SEC. My take: Solana needs perfect uptime to appeal to institutions—Pyth can’t price data if the chain is down.
Today’s Headlines
Circle & Stripe Build Layer 1 Blockchains
Circle’s new Arc chain will use USDC as native gas. Stripe is developing its own L1 with Paradigm after acquiring Privy in June. Between Coinbase, Robinhood, Stripe, and Circle, we’re staring down a four-way fintech L1 showdown.
Bitmine Hits 1.15M ETH
Bitmine became the first public company to hold over 1M ETH—worth $5B—after adding 320K ETH in a week. SharpLink isn’t far behind with 598,800 ETH ($2.5B). Companies are accumulating ETH at record speed, with 97% of holders now in profit.
Treasury Tokenization Expands
Heritage Distilling (Nasdaq: CASK) is raising $220M ($100M cash + $120M in $IP tokens) for a $360M Story Protocol treasury. Safety Shot Inc. plans to buy $25M in Bonk, even as its stock plunged 50%. Rumble eyes $1.17B acquisition of a Tether-owned AI firm.
Conference Season Kicks Off
ETHNYC is live this week, while SALT Wyoming is up next. Token2049 (Singapore) and KBW (Seoul) are on deck in September. EDCON will run Sept. 16–19, and DevCon heads to Buenos Aires in November.
Here is TraderCobb with your weekly Chart and Market Analysis:
Little Bitz for Today
Cointelegraph is producing an Ethereum documentary, Ethereum’s Soul, with Gareth Jenkinson on the team.
World Mobile is launching hydrogen-powered aircraft with 100Gbps 5G coverage over 15,000 km²—blockchain-enabled and zero CO₂.
Do Kwon is reportedly set to plead guilty over the $40B Terra collapse.
The Ibiza Boss meme coin on Solana… rug pulled.
Friends of the Show
C3
The C3 team has more than 20 years of experience in journalism, including leading the editorial and content side of a major Web3 news publication. They are also experienced AI and Web3 PR professionals, regularly placing content in leading web3 and AI publications. C3's members previously co-founded the PR department at SCRIB3, and have experience with clients such as EigenLayer, VanEck, Monad, SKALE Network, LEVR Bet, Symmio, Camp Network, Evmos, Avail, Moonbeam, and others.
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!
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