Bitcast

A 104,000-certificate revocation from GoDaddy is just the tip of the iceberg tonight, with PHP2Shell being actively exploited in the wild and a Node2Shell flaw hitting the official Node.js image itself. Oil has ripped above 117 a barrel on Iran war fears while gold inexplicably falls below 4000, and the crew gets into a heated, fact-checking takedown of Chamath's "quantum will break Bitcoin" claims with Strive's Adam Livingston joining the conversation. In this episode: • The PHP2Shell and Node2Shell exploits, GoDaddy's mass TLS certificate revocation, and why AWS says it's being actively exploited right now • OpenAI's Codex model (reportedly GPT-5, not 6) surfacing critical vulnerabilities that had sat unpatched for months • Banks detecting unauthorized AI agents accessing customer accounts, and whether that's really about security or about blocking deposit flight • Speculation on whether Coinbase, Kraken and other exchanges are already being probed or compromised and simply not disclosing it • Chamath Palihapitiya's quantum-computing-breaks-Bitcoin claims getting dismantled, with pointed comments about his and Nick Carter's quantum-security investments • Strive's Adam Livingston on Bitcoin's rising correlation with gold, Strive's daily dividend structure, and how it compares to Strategy's STRC/SATS move • The Coinkite Cold Card lawsuit in Ontario and a broader debate on self-custody risk versus ETF and treasury-company exposure • Alberta's independence referendum, the vote turnout numbers, and a side discussion on Texas secession talk with a Minnesota-based guest Watch the video version: https://youtu.be/11Xo4WkkSZo

Bitcoin ripped back above $84,000 on $549 million of ETF inflows in two trading sessions and $50 million in leverage shorts wiped out in 24 hours, and the crew digs into whether this is the real breakout or just a hormonal teenager phase. Joe brings fractal charts comparing this setup to 2022 and late 2019 and calls for a brisk walk to 100K after midterms, while the gang tears into JP Morgan's new decade-long forecast naming Bitcoin the best performing asset of the next ten years, even though the bank still won't put it in its own model portfolios. In this episode: • ETF inflows push Bitcoin above 84K, with chartists calling it a confirmed breakout and Joe debuting his homemade Bitcoin terminal • JP Morgan's decade-ahead forecast names Bitcoin the top performing asset but excludes it from model portfolios, plus the contradictory stance on debasement • Fidelity and Bank of America's small-allocation research and whether pensions and sovereign wealth funds will follow JP Morgan's lead • Anthropic's reported 80 billion dollar loss, AI debt issuance, Google's record bond offering and the growing talk of government backstops for data centers • The economics of AI subscriptions, why frontier labs are racing to cut token costs, and new assistant agents like OpenAI's dot and Anthropic's Duet • The Genius Act, OCC stablecoin rules, the American Bankers Association's pushback, and why stablecoins may force banks to raise yields • Strategy and treasury company talk, including Strive's latest Bitcoin buy, a Clear Street price target on MSTR, and the case for staying long Bitcoin itself • The PHP vulnerability knocking government websites offline across Finland, the Netherlands, France and Canada, and practical security advice on password managers and two factor authentication For the full conversation with charts, terminal screens and all the visual back and forth, check out the video version of this episode. Watch the video version: https://youtu.be/031ks2nfIcw

Vivek Ramaswamy's Strive just added another 1,200 Bitcoin for roughly $100 million, pushing their stack near 37,000 coins worth about $3 billion, and the crew dives into whether daily Bitcoin dividends are becoming a real moat or a race to zero. From there it's German banks opening Bitcoin trading to tens of millions of customers, a new Visa-backed push to let 175 million merchants accept Bitcoin and stablecoins, and a pretty blunt debate about why none of this "Bitcoin is coming to everything" news ever seems to move the needle. In this episode: • Strive's latest 1,200 BTC buy and the math behind daily dividend yields versus Saylor's MSTR payouts • Why Joey calls Strive's STRC and similar products a "race to zero" on dividend rates, and the cost-of-capital logic behind Saylor's numbers • German bank Sparkasse opening Bitcoin trading to 40-46 million customers directly inside its banking app • A new PayPal, Paradigm and SBI-backed effort bringing Bitcoin and stablecoin payments to 175 million Visa merchants • Block's Cash App numbers - 59 million active accounts and roughly 24 million who've bought Bitcoin - and why most people still won't spend it • The UK's HMRC resuming direct seizures from bank accounts for unpaid taxes without a court order • Canada's new labor rules waiving job-market checks for "high wage" foreign hires, and rising Canada-to-US emigration numbers • YouTube pulling Ben's self-hosted media server tutorial and the group's workaround using Nostr and X for censorship-resistant publishing For the full conversation and visuals, head over to the video version of this episode. Watch the video version: https://youtu.be/iBFjTd3WC8M

Russia just slammed the door on self-custody, Deutsche Bank is opening one for 28 million clients, and somehow both stories say the same thing about where this is all heading. Add in a Toronto kidnapping involving active Canadian soldiers and a wave of eerily well-informed scam calls hitting the hosts directly, and this episode turns into a real-talk session on operational security as much as markets. Sailor also gets roasted for getting booted from MSCI anyway after selling Bitcoin specifically to stay in it. In this episode: • Russia's central bank bans self-custody transfers from regulated crypto accounts starting July 2027, with non-qualified investors capped at roughly 300,000 rubles a year • MSCI removes MicroStrategy from its indexes, Saylor calls it prejudicial, Joey argues he sold Bitcoin specifically to stay in the index and got kicked out anyway, estimates of up to 2.8 billion in forced passive outflows • A Toronto Bitcoin owner kidnapped by a gang of seven, including three serving Canadian Armed Forces members, 82 charges laid, stolen military ammunition involved • Ben and a listener named Mike from CoinCards both targeted by sophisticated fake RCMP, Trezor and CoinCover scam calls designed to extract seed phrases • Deutsche Bank announcing Bitcoin custody for its 28 million clients by mid-2026, and whether institutional on-ramps like this actually move the needle • Citizen Lab uncovers spyware delivered through targeted online ads with no user interaction, tied to an Israeli ad-tech firm • Ledger announces a new always-connected security device called Ledger Adam, sparking debate over expanding attack surface versus Foundation's offline-first approach • Weak economic data roundup: hot PPI print, Nasdaq erasing trillions in market cap, South Korea's circuit breaker, and one in five American families falling behind on loan payments Full video version with all the charts, screen shares and reactions is up on the BTC Sessions YouTube channel if you want to see it play out live. Watch the video version: https://youtu.be/-jSGjdn7ZZ0

Strive just dropped a 15 percent fixed-rate perpetual preferred and strategy is firing back with a daily dividend vote on STRC that closes October 27th, and the crew digs into why neither of these "Bitcoin credit" products is actually credit at all. Plus Richard Hart gets dragged out of Istanbul in handcuffs with watches, guns and ammo seized, and the ledger supply chain mess somehow gets worse with Southeast Asian resellers pulling product off shelves. In this episode: • Strive's 15 percent fixed-rate perpetual preferred IPO versus strategy's proposed daily STRC dividend, and what the shareholder vote (open through October 27) signals about Michael Saylor's standing • Why the hosts argue these preferred equity products are being marketed with misleading "Bitcoin credit" framing when holders have no claim on the underlying Bitcoin • The OCC's confirmed findings on Operation Choke Point 2.0, naming digital assets as one of six industries systematically debanked for reputational rather than risk reasons • Treasury's 1.21 billion dollar penalty against Bank of America for anti-money laundering and sanctions violations, the third largest in Treasury history • Hex founder Richard Hart arrested in Istanbul on an Interpol red notice, with cash, firearms, jewelry and electronics seized • The ongoing Ledger supply chain compromise, resellers suspending sales across Southeast Asia and Hong Kong, plus new claims and pushback around Trezor device security • BitChat's new Android release, its use of Bluetooth mesh networking during internet blackouts, and why governments in China and India have moved to ban it • A closing riff on the Shane Gillis SNL monologue controversy and what the backlash says about modern outrage culture For the full visual conversation including the charts, clips and website walkthroughs, check out the video version of this episode. Watch the video version: https://youtu.be/UIQxNeEKd_0