Weekly Roundup 07/03/26 (OpenUSD announced, Binance leaves the EU, Strategy's new framework)

**SPEAKER_1** (0:01)
Matt Walsh and Nic Carter are partners at Castle Island Ventures. All of these expressed by them or the guests on this podcast are solely their opinions and do not reflect the opinions of Castle Island Ventures. Guests and hosts may maintain positions in the assets discussed in this podcast. You should not treat any opinion expressed by anyone on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of their personal opinion. This podcast is for informational purposes only.

**SPEAKER_2** (0:22)
Brought down by Bad Mortgage Investments, Lehman, which has 25,000 employees, will be liquidated.

**SPEAKER_3** (0:28)
Federal Government Loans American International Group, AIG, $85 billion.

**SPEAKER_5** (0:35)
The federal government is stepping in to stabilize Fannie Mae and Freddie Mac, the two mortgage giants that have been threatened by the housing crisis.

**SPEAKER_6** (0:42)
The Bank of England has pumped $75 billion more into Britain's ailing economy with a new round of quantitative easing.

**SPEAKER_1** (0:47)
You print a couple trillion dollars and all of a sudden people start to worry. So out of this worry, we have something called the Bitcoin.

**Matt Walsh** (0:53)
Welcome to On The Brink, I'm Matt Walsh.

**Nic Carter** (0:55)
And I'm Nic Carter.

**Matt Walsh** (0:57)
And I guess this is the 4th of July edition coming at you on the holiday, the 3rd this year.

**Nic Carter** (1:03)
Today is technically the 2nd, but we're going to wish you a happy 4th of July anyway.

**Matt Walsh** (1:08)
Definitely one of, I think it's my second favorite holiday behind Christmas.

**Nic Carter** (1:12)
Thanksgiving is my favorite.

**Matt Walsh** (1:14)
You like Thanksgiving?

**Nic Carter** (1:15)
Yeah, I like giving thanks.

**Matt Walsh** (1:17)
It's a popular one. I like being outside, but I just sent you a text a couple minutes ago, 126 degrees in my truck when I went out and grabbed lunch.

**Nic Carter** (1:28)
That seems like a measurement error.

**Matt Walsh** (1:31)
It's crazy. It's 99 in Boston today. Heat index is probably 110, but if you're right in the sun, then it's going to bake.

**Nic Carter** (1:40)
The thing about 4th of July, I love fireworks. Do you like fireworks?

**Matt Walsh** (1:44)
I love fireworks.

**Nic Carter** (1:45)
But I only like setting them off. I don't like watching them.

**Matt Walsh** (1:50)
Oh, really?

**Nic Carter** (1:51)
Well, I like watching them shortly after I set them off, hopefully from a safe distance. And I've been kind of examining myself to understand why that is. So I couldn't really care less about a fireworks display. But when I'm setting fireworks off, that's fine. And I think it's because it's the thrill of potentially losing a finger.
But like it's the danger that makes it fun.

**Matt Walsh** (2:12)
Yeah, you're high risk tolerance. Yeah, I've never been as much of a fan on setting them off just because I just know so many people, mostly celebrities, I guess. Remember when the guy in the Giants blew off his hand?

**Nic Carter** (2:24)
Yeah. Yeah, I do. He ended up with a claw.

**Matt Walsh** (2:27)
It's a high risk move. I've seen a lot of drunk people setting off fireworks in my day, too. And I just don't. I like watching them.

**Nic Carter** (2:34)
So I think that's the aspect that draws me to fireworks.

**Matt Walsh** (2:37)
Does Miami is Miami known for its fireworks displays?

**Nic Carter** (2:40)
Oh, we have them all the time.
Miami has fireworks for no reason. I would say every week there's a fireworks display. Often it's the cruise ships set them off.

**Matt Walsh** (2:51)
Really?

**Nic Carter** (2:52)
So you had a busy week of podcasts here. You did Bankless and then you also did Fidelity's mid-year crypto outlook.

**Matt Walsh** (3:00)
Yeah. It was a fun week. So I did Bankless with David Hoffman and Jeff Dorman talking about micro strategy.
We'll get into that, I guess. It was a busy micro strategy week, but really enjoyed the Bankless podcast. So give that a listen. And then, yeah, I taped the Fidelity one last week. Did I tell you I had to get makeup put on my face? It was like a full blown TV show.

**Nic Carter** (3:23)
So this was in a studio?

**Matt Walsh** (3:25)
In a studio. Yeah. So talking about just the outlook for Bitcoin and talking about stable coins, mixed in a little quantum there. It was a fun discussion.

**Nic Carter** (3:34)
So as of today, STRC is back to $87, relatively healthy. I mean, it's not $100, but it's $87.
What is your, I guess we should just get into it right now. What's your assessment of where strategy is?