Wells Fargo is lobbying to kill stablecoin yield while quietly filing a trademark for their own stablecoin — and they're not the only bank playing both sides. Plus, Kraken becomes the first crypto company with a Federal Reserve master account, and the guy who stole $40M from the US government's seized crypto finally gets arrested.

In this episode of Good For Bitcoin, Brandon and Kate discuss:

Bitcoin hits $73K amid extreme fear — and the 20 millionth Bitcoin has officially been mined, leaving just 1 million left over the next 114 years
Bitcoin treasury roundup: Strategy buys nearly 18,000 BTC (now holding 738,731), Pomp's ProCap Financial adds 450 BTC, Strive reveals 179 BTC purchase plus a $50M STRK investment, and Capital B and SmarterWeb make smaller buys
USDCX is coming to Allbridge, unlocking bridging from Ethereum, Solana, Base, BSC, Tron, Sui, and more into the Stacks ecosystem
"Lick" has been licked — the man who allegedly stole $40M in crypto from a US government seizure wallet is finally arrested after ZachXBT's investigation forced the FBI's hand
The Clarity Act stablecoin battle: 40+ banking associations are spending millions to kill stablecoin yield, the ABA rejected the White House compromise, and the clock is ticking before midterm gridlock kills the bill
Kraken becomes the first digital asset bank to receive a Federal Reserve master account, gaining direct Fedwire access and reducing dependency on correspondent banks
Quick headlines: NYSE parent ICE invests in OKX at a $25B valuation, Wells Fargo files a WFUSD stablecoin trademark while lobbying against crypto yield, an Aave user fat-fingers a $50M swap and loses nearly everything, and Babylon sees a 50% TVL drop as $1.64B in locked BTC exits

Chapters:

(00:00:00) Intro — BTC at $73K & the 20 Millionth Bitcoin
(00:04:10) Bitcoin Treasury Roundup
(00:08:14) USDCX Comes to Allbridge
(00:10:17) "Lick" Gets Arrested — $40M Government Crypto Theft
(00:13:29) The Clarity Act & the Stablecoin Yield Battle
(00:19:55) Kraken Gets a Federal Reserve Master Account
(00:23:18) Quick Headlines

Hosts:

Brandon Marshall — @marshallmixing
Kate Parkman — @katemparkman

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Banks Don't Want to Kill Stablecoins — Just Yours