Blockspace: Whatsminer Firmware is Finally Here, Bitcoin Vegas Recap w/ BTC Inc’s Brandon Green, DeFi is in Shambles
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The BlockSpace Live episode from Bitcoin Vegas 2026 delivers a dynamic mix of industry insights, conference reflections, and major sector developments. Hosts dive into the long-awaited release of What's Miner firmware by Luxor, a breakthrough that took years to develop due to MicroBT's non-standardized hardware and lack of manufacturer support. The announcement is part of a broader strategic deal including a $100 million machine purchase commitment and a strategic investment from MicroBT into Luxor, signaling a shift toward deeper OEM-miner partnerships amid a bear market. The conversation then pivots to the fallout from the $293 million KelpDAO hack, exploring its cascading effects on DeFi protocols like Aave and Lido, and the emergence of the 'United DeFi' recovery effort. Jay Patel of Ligos warns that this crisis may mark the end of the 'looping' yield strategy, pushing DeFi toward more institutional-grade, auditable, and risk-aware primitives. Finally, Brandon Green, CEO of BTC Inc., reflects on the high-energy, inclusive atmosphere of Bitcoin Vegas despite the bear market, and announces the conference’s return to Nashville in 2027—citing its lower-pressure vibe, central location, and better integration with local culture. The episode closes with a forward-looking analysis of how Bitcoin mining infrastructure is evolving through bespoke OEM partnerships, particularly as Tether and Canaan collaborate on immersion-cooled ASICs, signaling a new era of customization and strategic alignment in the mining space.
Luxor has finally released firmware for MicroBT's What's Miner, overcoming years of technical hurdles due to hardware variability and lack of manufacturer support.
The MicroBT-Luxor deal includes a $100M machine purchase commitment and strategic investment, reflecting a new trend of OEMs forming deep partnerships with key miners to survive the bear market.
The KelpDAO hack exposed systemic risks in DeFi, particularly around synthetic assets and L2 governance, leading to a coordinated bailout effort and a likely end to high-leverage 'looping' yield strategies.
Bitcoin Vegas 2026 defied bear market expectations with high attendance, vibrant hallway conversations, and strong industry engagement, proving the conference remains a vital touchpoint for the ecosystem.
BTC Inc. is moving the conference back to Nashville in 2027, citing better infrastructure, lower pressure, and stronger integration with local culture compared to Las Vegas.
…and 1 more takeaway available in PodZeus
Luxor's What's Miner Firmware Breakthrough & MicroBT Deal
“We're happy it worked out and really a lot of the difficulty was just on the actual machine specs.”
KelpDAO Hack Fallout & the End of DeFi Looping
“I think we'll see a shift towards, you know, Morpho's isolated markets... because risk will become top of mind.”
Bitcoin Vegas 2026: High Vibes in a Bear Market
“It has not felt like a bear market conference. It has felt very fun, very high vibes.”
Tether & Canaan's Immersion-Cooled ASIC Collaboration
The hosts analyze the new partnership between Tether and Canaan to build immersion-cooled ASICs, highlighting its strategic significance. This bespoke deal—unlike traditional OEM sales—reflects how large miners are now driving customization, while smaller OEMs like Canaan seek market share through agility and collaboration.
The Future of Bitcoin Mining Infrastructure
The episode concludes with a forward-looking discussion on how the mining industry is evolving. With public miners pivoting to AI and traditional ASIC sales drying up, OEMs are forced to innovate through customized deals, modular management tools like Tether’s MDK, and deeper integration with large institutional miners.
“I think we'll see a shift towards, you know, Morpho's isolated markets... because risk will become top of mind.”
“If you're in a seller's market for ASICs, like we've seen basically obviously in every bull market... now they have lost their largest customer with the public miners.”
“It has not felt like a bear market conference. It has felt very fun, very high vibes.”
Hosts
Guests
Bitcoin Vegas
other
Luxor
organization
BTC Inc
organization
MicroBT
organization
Tether
organization
Brandon Green
person
KelpDAO
organization
Jay Patel
person
Canaan
organization
Las Vegas
place
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