The Core 4 — Jackson Mikalic, Brian Cubellis, Michael Tanguma, and Tim Kotzman — kick off their new four-host format by breaking down the week's biggest macro and Bitcoin signals. They dig into the Fed's rate pause and why Jerome Powell's commentary is mostly theater against the backdrop of $7 trillion in US debt refinancing, gold breaking to all-time highs, and the quiet but significant news of banks being cleared to custody digital assets. The crew also covers DeepSeek's disruption of AI capital allocation models, connecting it to Jeff Booth's deflationary technology thesis, and debates whether Bitcoin dominance will rise or fall as institutional capital floods in. State-level Bitcoin reserve legislation (now at 14+ states), expanding ETF access at major wirehouses like Wells Fargo and UBS, and OpSec risks for Bitcoin holders round out a wide-ranging episode.