"Gold is just Bitcoin that can't be sent over the internet."
— Edward Snowden
QUESTION OF THE DAY
If institutions are stacking billions while retail traders panic, are we seeing the final great transfer of Bitcoin into strong hands before the next parabolic run?
BITCOIN PRICE ACTION
- Bitcoin shows signs of ‘cycle exhaustion’ as BTC price tumbles to $112K (Cointelegraph)
- Bitcoin’s Sharp Decline Triggers $277 Million Long Liquidation Wave (BeInCrypto)
BITCOIN MINING
- Bitcoin Difficulty Hits Another All-Time High (Decrypt)
- Bhutan transfers $107M in Bitcoin as whales stir after Fed cut (Cointelegraph)
- Bitcoin mining difficulty rises to a new all-time high of 142.34 T ⚡️
BITCOIN ANALYSTS & TRADERS
- Bitcoin Retest of $120,000 Is ‘Within Sight’: Bitbank (Decrypt)
- Fed Rate Cut Could Boost Bitcoin To $145,000 By Year-End (BeInCrypto)
STRATEGIC RESERVE & CORPORATE TREASURY
- Strategy Added 850 Bitcoin for Nearly $100M Last Week (CoinDesk, CryptoPotato)
- JUST IN: 🇺🇸 Vivek Ramaswamy's Strive just bought its first 5,816 Bitcoin worth $675 MILLION (Cointelegraph)
- Nasdaq-listed ZOOZ Power approves plan to buy $180 MILLION Bitcoin for its treasury. 🚨 95% of proceeds will go directly into BTC. 🔥
- 5,419 BTC Acquisition Pushes Metaplanet’s Holdings to $2.71 Billion Portfolio Value (CryptoPotato, CoinDesk, Decrypt, The Block)
- Bitcoin to Join Gold on Central Bank Reserve Balance Sheets by 2030: Deutsche Bank (CoinDesk, UToday)
- Pantera-backed Helius Medical purchases over 760,190 SOL, kicking off $500 million DAT strategy (The Block)
- Tom Lee's BitMine Buys $1.1 Billion in Ethereum and Sells Stock (Decrypt, Cointelegraph, CoinDesk)
- Anthony Scaramucci backs AVAX treasury aiming to raise $550 million (The Block) (E)
BITCOIN ACQUISITIONS
- Strive Asset Management to Acquire Semler Scientific, $567 Million in Bitcoin in All-Cash Deal (Decrypt)
ETHEREUM
- Grayscale Prepared to Stake 40,000 $ETH Worth $178 Million: Here is Why This is a Big Deal (BlockNews)
- Ethereum’s $5,000 Dream Delayed by Long-Term Holder Exit and Bearish Futures Bets (BeInCrypto)
- Ethereum’s Biggest Accumulation Wave Since 2018 Could Trigger Explosive Rally (CryptoPotato)
- Ethereum onchain activity surge hints at ETH price rally to $5K (Cointelegraph)
- Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy (NewsBTC)
- ETH futures turn bearish (Cointelegraph) (E)
ETF
- Crypto funds see $1.9B inflows as Bitcoin ETFs extend streak (Cointelegraph, The Block)
ALTCOINS
- $1.7 billion in liquidations sweep crypto markets over past day as bitcoin slide sparks broader selloff (The Block)
- XRP Hit by Crazy 903% Liquidation Imbalance in Just 24 Hours; slides 3% (UToday, CoinDesk)
- XRP Holders Can Now Earn Up to 8% Through New Liquid Staking Token (CoinDesk)
- XRP whales move over $800 million in hours (Finbold)
- Solana Brewing a $1,000 Rally - 3-Year Cup & Handle Setup Emerges
STABLECOINS
- Tether Minted $5 Billion In USDT After The Fed’s First Rate Cut This Year (BeInCrypto)
LEGISLATION
- 🇺🇸 U.S. Senate wants to "move forward quickly" on crypto market structure bill. Progress ✅
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JUST IN: 🇺🇸 US lawmakers urge SEC to implement Trump’s executive order allowing Americans to invest 401k retirement savings into Bitcoin and crypto. Americans hold over $9 TRILLION in 401k savings. 🟧🔥 (The Street) (E)
REGULATION
- U.S. Treasury Takes Next Step in Turning GENIUS Act Into Stablecoin Regulations (Coindesk, The Block)
LEGAL
- FTX Recovery Trust to distribute ~$1.6B in September payout (Blockworks, The Block, CoinDesk, NewsBTC, BeInCrypto, Cointelegraph, Decrypt)
VOICES
- Michael Saylor says Bitcoin will outperform the S&P 500 "FOREVER"
- Anatoly Yakovenko: Solana founder warns of quantum threat to Bitcoin: ‘Within five years...' (The Street)
- ANTHONY SCARAMUCCI: “$200,000 is too low for Bitcoin." "It should be closer to $500,000.” 🚀
- Anthony Scaramucci: Doubles Down on $150,000 Bitcoin By Year-End, Predicts November and December Will Be Strong Periods (The Daily Hodl) (E)
- Edward Snowden: "Gold is just bitcoin that can't be sent over the internet."
- Michael Saylor: Bitcoin OGS selling their holdings is actually good for BTC
- MoneyWeek says Bitcoin has become the "reserve asset of the internet." 🚀
- 🇺🇸 Senator Cynthia Lummis: "A U.S. Bitcoin Strategic Reserve holding 1 million BTC for 20 years could wipe out half of the $37 trillion national debt."
- Michael Saylor: Bitcoin Is Building a Base as 'OG' Hodlers Exit and Big Money Preps
- Paolo Ardoino: Bitcoin is Certainty Ahead of Political Bombshell Teased for Tuesday
- Jimmy Song: Slams Bitcoin Core devs for 'fiat' mentality on OP_Return
- Brian Armstrong: Coinbase CEO says 'We Want to Become a Super App and Provide All Types of Financial Services' (CoinDesk)
- Jeffrey Gundlach: Billionaire Warns Bitcoin Has ‘Lost Its Momentum,’ Says BTC Not a Very Good Investment (The Daily Hodl)
- Jim Cramer: Slams crypto and gold as Bitcoin erases $1B in longs (Finbold)
- Deutsche Bank: As Bitcoin follows in gold's footsteps volatility should decline (The Block)
- ADAM BACK: “Dips exist to transfer Bitcoin from weak hands to stronger hands.” 🤝 (E)
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JUST IN: Matt Hougan - Bitwise CIO says Bitcoin on corporate balance sheets will DOUBLE over the next year 🚀 Corporate adoption wave is just getting started 🌊 (E)
VIDEO OF THE DAY (MUST WATCH)
PODCAST OF THE DAY
Phase II of the Bull Market | Dan Morehead | Empire
