When Safe Assets Compete With Risk. Lessons From the 1960s–90s for Bitcoin and Stocks: Crypto Daybook
Financial markets' risk-free rate, the yield on U.S. Treasury securities, is rising again. Crypto maximalists often dismiss this as background noise, but when the rate rises sharply, it often competes for capital with stocks and other assets.
Cold wallet attacks spark concerns over self-custody, driving funds toward institutional-grade products; Bitcoin ETF weekly inflows hit a four-month high
Last week, U.S. Bitcoin ETFs recorded over $850 million in inflows, marking their strongest single-week performance since April. The catalyst for this surge was a hack targeting Coldcard wallets operated by Canada-based Coinkite, resulting in the theft of approximately $130 million worth of Bitcoin. This incident has shaken investor confidence in the security of cold wallets, prompting some to shift toward institutional products to gain BTC exposure.
Strategy continues to sell coins! Last week, it sold $110 million worth of Bitcoin and reduced its holdings of common stock by $650 million.
Strategy stated on Monday that during the seven days ended August 9, the company sold $108.6 million worth of Bitcoin, reduced its common stock holdings by 6.6 million shares, raising approximately $653 million in cash; meanwhile, the company repurchased $108.6 million worth of Stretch preferred shares. Strategy currently holds approximately $58 billion in Bitcoin and has $4.65 billion in cash reserves.
Everyone thinks cryptocurrency is dead, but he says it’s about to explode.
Frequent trading underperforms the market; it is better to hold investments for the long term.
Bitcoin's BIP-110 Episode Is Free-market Capitalism in Purest Form: Crypto Daybook
Whether bitcoin (BTC) works better as a store of value or a payments mechanism can be debated. But one of its core appeals, its radically free-market, permissionless design, is not.
CME hedge funds turn bullish on Bitcoin in a rare move, with institutions betting on price gains
The CEO of CryptoQuant noted that, influenced by inflows into spot ETFs, CME hedge funds have unwound their carry trades and, in a rare move, turned net long on Bitcoin futures, signaling rising institutional bullish sentiment—though the sustainability of this trend remains to be seen.