Wyoming-based Custodia Bank, focused on digital asset services, has petitioned the full Tenth Circuit Court of Appeals for an en banc rehearing in its ongoing dispute with the Federal Reserve over denial of a master account. According to CoinDesk’s Olivier Acuna, the bank challenges an October panel ruling that granted the Fed broad discretion, arguing it vests “unreviewable discretion” in central bank officials and undermines state banking charters. Custodia contends this interpretation misreads the Monetary Control Act’s mandate that services “shall be available” to eligible institutions, potentially overriding state authorities and raising “serious constitutional questions.” This persistent effort highlights disparate innovation in the bitcoin industry, paving the way for greater acceptance and integration with traditional payment systems and enhanced financial access. The case is an opportunity for state-chartered institutions to compete in modern finance.
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Pseudonymous developer Dathon Ohm’s recent release of an activation client for Bitcoin Improvement Proposal (BIP) 110, aimed at temporarily limiting arbitrary data embedding like inscriptions through a user-activated soft fork, has drawn sharp technical criticism from Bitcoin developers. Forked from Luke Dashjr’s Bitcoin Knots client, the software failed multiple tests, including those designed by Dathon himself to verify the soft fork logic. Anchorwatch founder Rob Hamilton, who tested the code extensively, noted potential consensus bugs that could risk chain splits or nodes isolating themselves. “For any client which would have a signed binary, no testing should fail,” Hamilton told Blockspace’s Charlie Spears. “It’s very possible [the client] could still have consensus bugs.” While fixes may follow, the episode underscores the rigorous scrutiny essential for Bitcoin’s evolution. Confidence is key for all code improvements, verified through open, merit-based development.
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A new essay by Hollywood writer Jacob Savage chronicles how diversity initiatives dramatically reshaped elite professions for millennial white men, effectively closing doors that remained open to older generations. From 2014 onward, institutionalized DEI policies in media, academia, Hollywood, and beyond prioritized demographic rebalancing over pure merit, dropping white male representation in TV writing rooms from roughly 60 percent in 2011 to 11.9 percent by 2025 and shrinking their share of tenure-track humanities hires at places like Harvard from 39 percent to 18 percent. “The world is not rooting for you—in fact, it’s deliberately rooting against you,” one former management consultant told Savage. Another writer reflected: “You’re crawling through broken glass and it’s still not enough.” With the Trump administration dismantling DEI infrastructure, the piece argues these changes created a lost cohort rather than benign inclusion, fueling quiet resentment while institutions now downplay the shift. As barriers fall, younger men may reclaim paths built on talent alone, restoring opportunity in fields that once thrived on open competition.
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Bitcoin miners in Xinjiang, China, have shuttered operations equivalent to roughly 1.3 GW of power amid heightened government scrutiny, pulling offline up to 100 EH/s and hundreds of thousands of machines, according to Blockspace. Despite a 2021 nationwide ban, residual mining persisted through local connections, contributing an estimated 14% of global hashrate via Luxor’s Hashrate Index. The closures, triggered by operators promoting sites on social media, reflects an overseas boldness in the bitcoin industry that the Chinese state has now chosen to quash. “Approximately 100 EH/s is going offline and entering an extended inspection phase initiated by the central government,” an anonymous source told Blockspace. Another noted, “If the likelihood of resuming operations remains low, miners may liquidate newer hydro units as well as S19 XPs in the region.” This shift promises future network decentralization, bolstering security through diversified operation worldwide, even as U.S. cold weather prompts temporary curtailments domestically.
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