On The Brink with Castle Island Weekly Roundup 05/16/25 (GENIUS is back, Coinbase data breach, Big Tech stables) (EP.625)
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May 16, 2025 In this week’s discussion, the hosts explore Boston's impressive sports legacy and its cultural impact. They dive into the intriguing rise in dinosaur skeleton prices and share insights on the fascinating world of fossil discoveries. The conversation shifts to the crypto landscape, highlighting a data breach at Coinbase, the GENIUS act, and new developments in stablecoins. Additionally, the hosts touch on the explorations of ancient civilizations and the latest trends in blockchain and NFTs, making for a dynamic and entertaining blend of topics!
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Boston's Sports Success Anecdote
- Boston's sports success stems from passionate fan support and strong historic ownership, not just ethnic makeup.
- Nic Carter sees Boston as distinctly spoiled in sports achievements compared to cities like Philadelphia.
GENIUS Act Limits Big Tech
- The GENIUS Act excludes interest-bearing stablecoins and hinders big tech from issuing their own stablecoins.
- The bill favors traditional finance players while limiting big tech’s role in stablecoin issuance.
Secure KYC Data Vigilantly
- Crypto exchanges must secure KYC data rigorously to avoid physical risks from data breaches.
- Consider hiring local customer service, but recognize insider compromise risks remain pervasive.