BTCFi has become a dirty word.
Bitcoin builders shipped anyway.
BTC price fell, dragging every protocol's numbers down, then the tourists left.
Same cycle Ethereum DeFi went through in 2022.
Here's what shipped while everyone was watching the charts.
Kraken now has a direct line to the Federal Reserve's payment infrastructure, which is not just a huge step for Kraken, but everyone building in the crypto industry.
@arjunsethi (Kraken Co-CEO) stated:
"The goal isn't to disrupt the banking system. It's to make the plumbing of the financial system safer and more efficient."
Kraken just became the first crypto company in history to get a Federal Reserve master account.
Direct access to Fedwire & FedNow. The same payment rails every bank in America uses.
Here's what it means.
From Jameson Lopp:
"Any credible evidence that someone has the ability to recover lost or vulnerable coins using a quantum computer would trigger immediate market-wide panic."
About 1.7M BTC sit in early P2PK outputs with their public keys already exposed on-chain.
BIP-361 gives Bitcoin a formal roadmap to stay secure in a post-quantum world, meaning Ducat and every other protocol built on BTC L1 inherits that upgrade path directly.
Bitcoin developers just proposed BIP-361.
A phased sunset of legacy signatures and zero-knowledge recovery for frozen coins.
The network now has a post-quantum roadmap.
Here's what it means.