| Brought to you by: | | | The bitcoin faithful were defeated in an effort to get Microsoft to inch closer to holding bitcoin on its balance sheet. | To be honest, I never really understood the push here. Microsoft itself said that it had taken a look at cryptocurrencies as an asset and decided — for now — to sit on the sidelines. The big rejection by shareholders this week to essentially repeat that process felt less like a monumental defeat and more a bid to avoid duplicative work. | The actual tally: a paltry 0.55% voted in favor of the proposal, according to public records. | Still, Michael Saylor's (pre-recorded) pitch was played for Microsoft shareholders, so one can't deny that bitcoin got a hearing before stockholders. This might have been the point: spread the narrative, in any forum, before any audience, regardless of whether they actually decide to throw their cash in the game. | And then there were the plentiful headlines generated since the process first kicked off in October. Any news is better than no news. | Maybe the Microsoft "loss" is a good thing. Does every company need to keep bitcoin on its balance sheet? How many MicroStrategies does the market need? Would such a trend push bitcoin further away from its original goal of a trustless, digital cash? | Then again, it's not technically over yet. As Microsoft itself has said, bitcoin is still in the air — it's just not trying to aggressively move forward at this time. Maybe the promised national bitcoin hoard the Trump administration may pursue will spur more MicroStrategy-like…strategies…from taking shape in American boardrooms. | We'll just have to wait and see. | And now, on to the roundup: | — Michael McSweeney | | Brought to you by: | | Unlock the power of DeFi with Odos! | Spanning 14 blockchain protocols, trusted by 3M+ unique wallets, and powering 80+ API partners, Odos delivers scale, reliability, and results you can count on. | Trade any token effortlessly with our cutting-edge order routing, seamless user experience, and fully transparent quotes. Ready to elevate your platform? Partner with Odos and bring advanced trading solutions straight to your users via API. | Start trading smarter with Odos today! | | | | | | | | Reject FOMO, Byron wrote this week. Instead, embrace JOMO, or the joy of missing out. Sound counterintuitive? Not in the way you'd think. |
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| | | | | | We're 11 months into the bitcoin ETF era — where do things stand? FG's Ben Strack dug through all the facts in a nice listicle fashion, perfect for your Christmas dinner prep. |
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| | | | | | There's a new middleware play in town: Commonware, founded by Patrick O'Grady and backed by a $9 million fundraise. The 0x crew sat down with O'Grady on the new project — get all the deets here. |
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| | | | | | | What the heck's going on in the market today? Well, don't look at me for answers, I just write the weekend newsletter. Instead, check out Empire's interview with Kraken's head of strategy Thomas Perfumo. |
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| | | Crypto's future isn't debated — it's created.
| This June, Permissionless IV gathers the most innovative minds in crypto and onchain development in Brooklyn, NY. From breakthrough technologies to actionable ideas, this is where builders and visionaries come together to define tomorrow. | June 24-26, 2025 | Brooklyn, NY | | | | |
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