Sept 10: Wall Street Is Building on Crypto Rails While Bitcoin Slips Back Toward $77K

Bitcoin fell toward $76,900 as the 10-year Treasury yield climbed to roughly 4.87%, but the bigger stories are happening around crypto infrastructure. Nasdaq is investing $100 million in Kraken parent Payward, PayPal is working on infrastructure for customized stablecoins, Visa says its stablecoin settlement business has surpassed $20 billion, and MetaMask is preparing to become a standalone company focused on a much broader range of consumer financial services.

Bitcoin and Ethereum developers are also accelerating preparations for post-quantum cryptography as IBM and other companies pursue increasingly capable quantum systems. Matt argues that nobody can confidently predict the exact quantum timeline...