The Frontier

Peter St Onge promotes Monetary Metals as a way to earn up to 4% yield on gold, paid in additional ounces, while retaining ownership of real allocated physical gold with no storage costs outside the banking system.

Peter St Onge recommends CoinKite hardware wallets for securing Bitcoin offline. He notes their devices are made in Canada by Bitcoiners active since 2012, including the Block Clock.

Peter St Onge recommends The Bitcoin Way for achieving proper Bitcoin self-custody, covering privacy, inheritance, and running a personal node. The service guides users step-by-step without ever handling their Bitcoin directly.

Spanish police seized two crypto cold wallets containing approximately €400,000, hidden in a wall thermometer, during a raid on an illegal Spanish-language manga distribution platform that generated over €4 million.

Foundation Devices' new Passport Prime device offers significantly easier onboarding; Max reports concierge calls now take 30 minutes, half the time required for the older Passport Core device.

Early Passport Prime adopters identified various edge cases, particularly regarding two-factor authentication (2FA) QR code compatibility, as different online services implement the TOTP/HOTP standard with slight variations.

Q expresses concern that BIP 361's forced migration or loss of funds contradicts Bitcoin's core ethos of permanent self-custody and could lead users to make mistakes.

A hacker stole 50.903 Bitcoin, valued at $3.9 million, from Bitcoin Depot's wallets by compromising credentials for digital asset settlement accounts.

A fake Ledger app on the Apple App Store drained $9.5 million in crypto from dozens of victims over a week-long phishing campaign, with one victim losing 5.9 Bitcoin.

Nunchuck released CLI and agent skills tools, enabling AI agents to safely operate Bitcoin wallets within multi-signature and miniscript setups, ensuring user control and policy-based spending limits.

Eric Balchunas reports all Bitcoin ETF rolling periods are positive for the first time in months; MicroStrategy now holds more Bitcoin than BlackRock’s IBIT ETF.

Arbitrum's Security Council, a 9-of-12 multi-sig, froze and recovered $70 million of the stolen ETH from the KelpDAO exploit, an unprecedented asset seizure on a Layer 2, done in communication with law enforcement.

Vlad states that the arrest of Samurai wallet developers created a chilling effect, leading to the shutdown or unfashionability of privacy projects like Wasabi Wallet and Mercury Wallet. Only custodial eCash on Lightning gained acceptance.

Nunchuk now supports Coldcard HSM, allowing Bitcoin agents to sign transactions based on a predefined rule set, ideal for securing large funds without constant manual oversight.

Wayne Dost states the US is more vulnerable than Canada due to KYC laws that made crypto holder data accessible to the IRS, citing a 2017 case where Coinbase was forced to hand over user records. He also mentions a Coinbase breach, reported as 2025, that leaked information for 70,000 customers.

Marty Bent introduces BitKey, a hardware wallet designed for easy Bitcoin self-custody with a 2-of-3 multisig setup, where one key is on the device, one on mobile, and Block stores the third.

Unchained, a collaborative multi-sig custody leader, secures over $12 billion in Bitcoin for more than 12,000 clients, equating to roughly one out of every 200 Bitcoin.

Z-Man proposed "towards a K of N Lightning Network node" on Delving Bitcoin, aiming for multi-sig self-custodial Lightning wallets. This concept allows K-of-N signing for one channel side, using nested Musig2 and FROST.

Enabling K-of-N Lightning channels requires modifying the Bolt specification to make the "sha-chain" (revocation key handling) optional. This is due to derivation challenges with distributed key material in multi-signature setups.

Coldcard 6.5.0 adds support for signing Musig2 UTXOs, BIP322 signed messages for Miniscript and Musig2 proof of reserves, Miniscript/Minitapscript, Taproot multisig up to eight leaves, and BIP-129 for secure multisig setup.

Wisp aims for mainstream adoption by enabling non-technical users to sign up and transact money without directly managing lightning wallets, liquidity, or private keys.

Wisp integrates Spark wallet for seamless Lightning onboarding, offering full zap and on-chain support with interoperable backups, allowing Primal seeds to work in Wisp.

Wisp automatically encrypts user seeds with their NSEC and backs them up to relays, providing a convenient recovery mechanism even if users neglect manual backup.

UTXO defends Spark wallet, asserting it is harder for them to rug users than smaller custodians and is intended for small 'spending cash' amounts rather than large holdings.

UTXO replaced 'Zap' with 'Send Money' and denominated transactions in USD for new Wisp users, believing it normalizes Bitcoin and avoids perceived crypto scam associations.

Simon Dixon advises monitoring US 10-year and 30-year bond yields, global yields, currency pegs, AI funding, and energy prices as key indicators of the global reset. He recommends either being an 'insider' or consistently acquiring and self-custodying Bitcoin.

Arbitrum's Security Council froze $71 million in Ether (330,766 ETH) linked to the $292 million Kelp DAO exploit, moving the funds to an intermediary wallet accessible only through further governance actions.

David Bennett argues that Arbitrum's ability to freeze user funds exposes its lack of decentralization, setting a dangerous precedent for future interventions on 'permissionless' networks based on non-criminal criteria.

Danny Knowles observes Bitcoin's shift from a counterculture movement prioritizing self-custody and running nodes before 2021 to an institutional adoption phase where buying ETFs or using brokers is more common.

Rob Hamilton reports on recent discussions at the Op Next conference about quantum computing threats to Bitcoin, particularly concerning freezing Satoshi's coins due to potential vulnerability.

Danny Knowles explains that a cryptographically relevant quantum computer could steal coins from exposed public keys, affecting addresses with a viewable public key on-chain, such as Satoshi's coins and Taproot addresses.

Danny Knowles strongly opposes freezing Satoshi's coins, arguing it constitutes theft and violates Bitcoin's fundamental property rights, asserting that the long-term value of an unfrozen chain is superior despite short-term market dumps.

Danny Knowles suggests freezing Satoshi's coins could coerce Satoshi, if alive, into revealing themselves or moving funds against their assumed intent, potentially violating the network's property rights.

Rob Hamilton explains that exchanges face significant operational complexity in managing chain splits, needing to double infrastructure for two networks and reconcile the "BTC" ticker, while self-custody allows users to express their economic opinion.

Rob Hamilton promotes Anchorwatch, which offers insured and uninsured Bitcoin custody, including multi-institutional custody, and is developing an API for businesses to integrate their wallet management software.