Debt Driven Degeneracy

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Bitcoin Surpasses Amazon in Market Cap on Pizza Day
On May 22, Bitcoin’s market cap topped Amazon’s, hitting $2.2 trillion. David warns against over-celebration, stressing that comparing Bitcoin to corporations like Amazon is a category error.
Texas Passes Bitcoin Reserve Bill
Texas moves forward with legislation to create a state-level Bitcoin reserve, following in New Hampshire’s footsteps. The vote passed the House 101-42 and awaits the governor’s signature.
UK Court Rejects $13B BSV Lawsuit Against Binance
A UK appeals court dismissed most of a $13 billion claim over Bitcoin SV’s delisting, calling it speculative and built on fantasy future valuations.
Genius Act Stablecoin Bill and U.S. Debt Expansion
David Sachs says the Genius Act could create “trillions” in demand for U.S. Treasuries by tying stablecoins to government debt. Host warns it’s a mechanism to export inflation globally.
Zeus Wallet Integrates Cashew eCash for Microtransactions
Zeus adds support for Cashew’s eCash, enabling privacy-friendly micropayments and zaps in a user-friendly way. The wallet aims to “annoy users into self-custody” as balances grow.