BITCOIN SEASON 2: Tether on RGB, finding UAE's $700mm in btc, and USGox data on Bitcoin

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Business News, News, Daily News, Tech News

4.7 • 698 Ratings

🗓️ 30 August 2025

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

We dive into the UAE’s $700 M Bitcoin mine, the US government’s on‑chain data feeds via Chainlink, and Tether’s comeback on RGB, plus nation‑state mining drama. Colin Charlie joins us to unpack the UAE’s secret $700 million Bitcoin mining operation, the US government’s bold move to publish macro data on-chain through Chainlink, and Tether’s planned launch on the RGB layer‑2. We also explore nation‑state mining strategies and the quirky characters behind RGB. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: UAE mine valued at $700 M BTC Citadel (UAE) operating the mine US gov posting data on multiple blockchains Chainlink oracle used for Bitcoin L2 Botanics Tether targeting RGB (still pre‑v1) Bhutan holds 12k BTC ($1.3 B) Timestamps: 00:00 Start 00:21 UAE mining BTC 05:55 US data on-chain 11:03 Tether coming back to BTC - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media

Transcript

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0:00.0	The on-chain sleuths have figured out where the United Arab Emirates hides their $700 million in Bitcoin.
0:08.2	We cover all the stories you didn't hear this week on mainstream crypto news.
0:12.8	Welcome back to Bitcoin Season 2.
0:38.6	Welcome back. This is Colin and Charlie with the Bitcoin Season 2 Riders Room. We are basically documenting what's happened in Bitcoin and the broader extended Bitcoin universe. How are you doing today, Colin? Doing well, man. The first breath of fall is in the air.
0:43.6	It's starting to cool down around the U.S., not necessarily where I'm at, but, you know,
0:49.1	I stepped outside today, and I just, there's that crisp smell to the breeze, and I'm looking forward to that.
0:50.0	But overall, doing pretty well.
0:51.6	We've got some interesting stories lined up today.
0:55.0	Some intrigue with nation state Bitcoin holdings, always a crowd favorite.
0:59.3	And also reason number 400 why you should never fade chain link.
1:03.8	Yeah.
1:04.2	It's cool in your part of the world, but we're going to go where it's the absolute hottest.
1:10.1	We're going to the United Arab Emirates
1:12.1	because the on-chain sleuths at the asylum of Arkham research
1:17.9	figured out where the UAE has been stockpiling all of their mind Bitcoin.
1:27.8	So we have here a wallet that Arkham identified with $700 million in Bitcoin.
1:35.3	That's been mined from a mining site or a mining venture, I believe, near Abu Dhabi in the UAE,
1:44.1	and it's owned and operated by Citadel, not Keith Griffin or Ken Griffin's Citadel, but rather Citadel, I guess, a domestic company to the UAE.
1:58.8	And we have, there you go,
2:01.7	$112 million associated with the UAE Royal Group,
2:07.9	which is a lot of Bitcoin to have mind.
2:12.1	We're looking, you know,
	...

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