US military running Bitcoin node

Pantera Capital and other shareholders are pushing UK bitcoin treasury firm Satsuma (SATS) to sell its $50 million bitcoin hoard and return capital. The pressure follows a 99% collapse in Satsuma's share price from its June 2025 peak, leaving the company's market value below its 646 BTC holdings (ranked #57 on Bitcoin Treasuries). The move comes four months after Satsuma sold half its bitcoin to repay note holders, a decision that sparked friction with Pantera and led to the resignation of the company’s CEO and CFO.

While Satsuma is a relatively small DAT, there are plenty others like it, trading below the value of their BTC (or other crypto) and potentially sitting ducks for activists to get involved. Read more →

The U.S. military is now openly experimenting with Bitcoin, not because it wants exposure to the asset, but for use as a “computer science tool.” During a House hearing, Admiral Samuel Paparo said the military is already running a Bitcoin node to monitor the network and conduct “a number of operational tests,” arguing that bitcoin’s cryptography, peer-to-peer design, and proof-of-work model may have useful applications for cybersecurity and national security. The disclosure marks the first public confirmation by a sitting US combatant commander that the military is directly participating in the Bitcoin network. Read more →

Gensyn, an a16z-backed decentralized AI network, launched Delphi, a platform for creating and trading information markets on Ethereum Layer 2. Creators can establish markets and earn 1.5% fees on settled trading volume, though only invited creators can launch markets currently while all users can trade. The platform uses verifiable smart oracles for settlement and has already processed millions in trading volume since its December 2025 testnet launch. Mainnet goes live in the coming weeks. Read more →

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