“Bull markets climb a wall of worry—great ones climb a wall of disbelief.”
QUESTION OF THE DAY
If exchange balances keep falling and ETF/stablecoin demand keeps rising, where does the marginal BTC for the next $10K move actually come from—and at what price would you part with yours?
BITCOIN PRICE ACTION
- Bitcoin Hits New $126,000 Record While Retail Engagement Sleeps (BeInCrypto)
- Bitcoin Options Market Now Big Enough to Move Spot Prices, FalconX Says (CoinDesk)
- 🇺🇸 Kansas City Fed study says aging populations and falling interest rates could drive massive long-term demand for assets like Bitcoin between now and 2100.
- Bitcoin sells off, but BTC derivatives data points to $150K by year’s end (Cointelegraph) (E)
- ‘Hundreds of simulations’ pin Bitcoin at 50% odds of $140K this month (Cointelegraph) (E)
BITCOIN ADOPTION
- Polymarket rolls out bitcoin deposits to expand funding options (The Block)
- Opendoor Stock Jumps 14% as CEO Confirms Bitcoin Integration Plans (BeInCrypto)
STRATEGIC RESERVE and DATs
- Digital Asset Treasury Companies Now Holding $135,000,000,000 in Total Assets, According to VanEck (The Daily Hodl)
- Japanese Real Estate Firm (Lib Work) Enters Bitcoin Market with $3.3 Million Acquisition (BeInCrypto)
- SharpLink's unrealized gains surpass $900 million since ETH treasury launch (The Block)
- Tom Lee’s BitMine Immersion Expands Crypto Treasury Holdings, Now Owns $13,236,220,005 Worth of Ethereum (The Daily Hodl, Decrypt, CoinDesk)
ETHEREUM
- Ethereum Fusaka Upgrade Set To Redefine ETH Performance (NewsBTC)
- ETH rally tops out at $4.8K, setting up a make-or-break moment for Ether bulls (Cointelegraph) (E)
ALTCOINS
- Top MIT Researcher Shows Decentralization Could Speed Up Ethereum, Solana (Decrypt)
- olana’s $2.8B revenue outpaces Ethereum’s early growth: 21Shares (Cointelegraph) (E)
- DOGE Surges 6% as Traders Eye Breakout to 35-Cents (CoinDesk)
STABLECOINS
- Stablecoins Could Lure $1 Trillion in Deposits Away From Banks: Analysts (Decrypt, BeInCrypto)
ETFs
- Biggest Bitcoin ETF Records Nearly $1 Billion Worth of Inflows in Just One Day; a hair away from $100B (UToday, Cointelegraph)
- BlackRock’s Bitcoin ETF Out-Earns 25-Year-Old S&P 500 Fund in Less Than 2 Years (BeInCrypto)
- US Bitcoin ETFs post 2nd-highest inflows since launch on crypto rally (Cointelegraph)
- Ethereum treasuries and spot ETFs now hold over 10% of ETH supply (The Block)
- JUST IN: Today's spot Bitcoin ETF volume surpasses $7.5 BILLION 🚀 (E)
EXCHANGES
- Bitcoin Exchange Flows Hit Multi-Year Lows —Is $130,000 Next? (BeInCrypto)
REGULATIONS
- SEC Aiming to Formalize 'Innovation Exemption' by End of Year, Chair Atkins Says (CoinDesk)
VOICES
- Van Eck: "Gold rally implies $644K per Bitcoin in ‘equivalent value." (Cointelegraph, Decrypt)
- Cosmo Jiang: 'It’s not ‘too late in the game’ to get into crypto' Pantera exec (Cointelegraph)
- Senator Lummis: 'US Bitcoin reserve funding ‘can start anytime.’ (Cointelegraph)
- Paul Tudor Jones: "Bitcoin, gold, and the Nasdaq are today’s “fastest horses; sees massive rally coming.” (The Street, Cointelegraph, UToday)
- Matt Hougan: "$1 Trillion inbound..." for Bitcoin funds (UToday)
- Geoffrey Kendrick: Standard Chartered Wall Street analyst sees Bitcoin hitting new highs despite U.S. shutdown (The Street)
WHAT TO WATCH
LISTEN TO THIS!
Bitcoin Core vs Knots: Are We Headed For A Fork? | Mike Schmidt | Supply Shock
