CoinDesk Podcast Network

SpaceX’s IPO is three times oversubscribed at $250 billion, and Hut 8 has closed a $4.25 billion, BBB-rated note for its Beacon Point AI data center.

Welcome back to The Blockspace Podcast! Reuters has reported that SpaceX’s IPO round could come in at $250 billion, a 3x oversubscription from the company’s planned $75 billion. Plus, Cormint CEO Jamie McAvity joins us to give an optimistic outlook on bitcoin mining with hashrate stagnant – even as hashprice flirts with all-time lows. For other news, we cover Keel’s $458 million convertible note; Hut 8’s $4.25 billion senior secured note for its Beacon Point data center, the second investment-grade bond for project-level financing for the burgeoning AI firm; Crusoe hitting pause on a proposed 10 GW data center in Wyoming; and OpenAI’s plans for its own 10 GW, $500 billion project in Ohio.

Check out our latest report, “What’s a Megawatt Worth?” where we quantify the trillion dollar opportunity for bitcoin miners venturing into the AI sector. 

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A Yen stablecoin from the mega banks?

Japan's three largest banks, MUFG, Mizuho, and SMBC, are planning to jointly issue a yen-backed stablecoin by March 2027, with backing from Japan's Financial Services Agency. Yen tokens currently represent less than $50 million in a $311 billion market dominated by dollar tokens. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Real estate mogul Grant Cardone made his Consensus mainstage debut to explain the unconventional investment strategy he's been building for the past 17 months: fusing Bitcoin directly into large-scale real estate deals to outcompete traditional REITs. Cardone, who first received Bitcoin as payment for a speaking gig and still holds those 115 coins today, argues the hybrid model can deliver 22–32% returns by combining the stability of cash-flowing properties with the upside of Bitcoin. He also shared why he believes this structure could disrupt the entire $4 trillion REIT industry.

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Timecodes:

00:00 - Grant Cardone at Consensus Miami 2026

00:40 - How Grant First Discovered Bitcoin

02:02 - Real Estate Bitcoin Hybrid Strategy

05:45 - Why Real Estate Beats Other Asset Classes

08:03 - Disrupting The REIT Industry

14:22 - Going Public And Bypassing The Banks

16:57 - Final Advice: Get Fiat, Build Wealth

SBF asks for a presidential pardon.

Sam Bankman-Fried formally filed a clemency application asking President Trump for a pardon while serving his 25-year sentence. Trump told The New York Times in January that SBF shouldn't count on the same. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Patrick Witt, Executive Director of the President's Council of Advisors for Digital Assets, sat down on the mainstage at CoinDesk's Consensus to discuss the biggest issues in U.S. crypto policy. He covered the Clarity Act's path through the Senate, the status of the U.S. Bitcoin reserve, and the ongoing ethics provision standoff with Democrats. Witt expressed confidence that a July 4th signing deadline is achievable, and teased a major announcement on the Bitcoin reserve "in the next few weeks."

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Timecodes:

00:00 - Patrick Witt at Consensus Miami 2026

01:29 - Progress Report On the Clarity Act

03:03 - The Stablecoin Yield Debate and Genius Act Coordination

06:26 - Ethics Provisions and Conflict of Interest Restrictions

10:43 - News on the U.S. Bitcoin Reserve

15:48 - Genius Act Implementation and Stablecoin Regulation