Bitcoin Could Split on August 8th - How To Protect Your Stack @Portland.HODL and @Wicked join to discuss: 🔸 What to do with your BTC during a chain split 🔸 Policy vs. Consensus 🔸 Who actually governs Bitcoin 📺: https://fountain.fm/episode/jr5do77go1T5Cs0ukUx9

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Bitcoin Could Split In 15 Days — How To Protect Your Stack | Wicked & Portland Hodl

Rob Wallace | Bitcoin News · Episode

HISPANIC CHAMBER URGES SENATE TO OPPOSE CLARITY ACT The U.S. Hispanic Chamber of Commerce sent a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer urging changes to the CLARITY Act. They warn the bill could accelerate deposit outflows from community banks and reduce lending to Hispanic-owned small businesses. The group argues the legislation exempts crypto firms from certain community reinvestment requirements, potentially weakening investment in underserved communities. Crypto advocates dispute the claim, arguing the bill would modernize financial markets, lower the cost of capital, and expand access to financial services ahead of a potential Senate vote next week.

GRAYSCALE: BITCOIN NO LONGER DRIVEN PRIMARILY BY THE HALVING CYCLE Grayscale says Bitcoin has entered a new market regime where global liquidity, real interest rates, and Federal Reserve policy are now the primary drivers, rather than the traditional four-year halving cycle. The firm says Bitcoin’s recent pullback coincided with rising real yields and expectations for a more hawkish Fed. If the Fed pauses rate hikes and the U.S. avoids a severe economic slowdown, Grayscale believes Bitcoin may have already bottomed. Not everyone agrees. Supporters of the four-year cycle argue Bitcoin could still see further downside, noting past cycle bottoms have typically occurred about one year after the market peak, roughly 2.5 years after the halving, with average drawdowns near 80%.

STRATEGY, BLACKROCK, COINBASE AND OTHERS LAUNCH $15 MILLION BITCOIN SECURITY CONSORTIUM 15 prominent companies have teamed up to launch the Bitcoin Security Consortium, pledging $15 million over the next three years to support Bitcoin’s long-term security. The initiative will help fund developers and researchers working on Bitcoin infrastructure, including post-quantum cryptography, while serving as a public resource on Bitcoin security. Coordinated by Brink Executive Director Mike Schmidt in a volunteer capacity, the consortium says it will not direct Bitcoin development or advocate for specific protocol changes, but instead provide funding and education while supporting the existing open-source ecosystem. Other companies involved include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, and Galaxy.

SMARTER WEB SELLS 178 BITCOIN TO REPAY $11.7 MILLION CONVERTIBLE NOTE UK-listed The Smarter Web Company has repaid its $11.7 million convertible instrument with TOBAM about two weeks ahead of schedule by selling 177.89 BTC at an average price of $65,762. The repayment eliminates the potential issuance of 7.7 million shares, with CEO Andrew Webley saying convertible instruments are “not currently the right capital solution” for the company.

BITMEX TO SHUT DOWN AFTER 11 YEARS Arthur Hayes-founded crypto exchange BitMEX announced it will permanently cease operations on September 23 at 04:00 UTC following a strategic review. New user registrations have ended, and existing users are being urged to close positions and withdraw funds before the deadline. At its peak, BitMEX processed $16 billion in daily trading volume and over $1 trillion annually. Hayes and his co-founders stepped down after facing U.S. criminal charges in 2020.

WITT DEFENDS CLARITY ACT ETHICS PLAN AS DEMOCRATS PUSH FOR STATE AG ENFORCEMENT Crypto Council Executive Director Patrick Witt defended the proposed ethics package in the CLARITY Act, arguing Democratic opposition falls into two camps: those who say enforcement without state attorneys general is meaningless, and those seeking penalties for President Trump’s past crypto activity, which Witt says would be unconstitutional. According to Eleanor Terrett, the proposal, negotiated by the White House and Sens. Cynthia Lummis and Bernie Moreno, would ban covered federal officials from issuing or sponsoring digital assets for compensation while in office, require divestment or placement of crypto holdings into blind trusts, give the DOJ civil enforcement authority, require disclosure of crypto sales over $1,000, and direct a GAO review of remaining ethics gaps. The package has not been approved by Democrats, who are expected to push for state attorneys general to share enforcement authority. Negotiations are expected to continue in the coming days.

Bitcoin one-month puts now cost far more than calls. VanEck skew widened from 9.8 to 11.4 points (83rd percentile since 2021), with put vol at 46.9% versus 35.5% for calls, showing traders are paying up for downside risk.

BITCOIN ETF INFLOWS HIT HIGHEST LEVEL SINCE MAY Bitcoin ETFs attracted +$900 million in inflows last week, the largest weekly inflow since early May, up sharply from +$197 million the week prior. At the current pace, July is on track to be $IBIT’s biggest month since April and its third-largest monthly inflow of the year, signaling renewed institutional demand for Bitcoin.

ILLINOIS SUED OVER DIGITAL ASSET TAX ACT The Digital Chamber has filed a lawsuit seeking to block Illinois’ Digital Asset Tax Act, arguing the measure unfairly taxes digital asset transactions based on how ownership is recorded or transferred. The group says the provision was added to the state budget the night before the final vote without a public hearing or debate, applies regardless of whether investors realize gains, and could extend beyond crypto to certain AI and cloud-based transactions. The tax is scheduled to take effect in January 2027.

GALAXY LAUNCHES $5M BITCOIN QUANTUM READINESS INITIATIVE Galaxy has launched the Bitcoin Quantum Readiness Initiative, committing up to $5 million in developer grants to help prepare Bitcoin for future quantum computing threats. The program also includes ongoing research through Galaxy Research and a Quantum Advisory Council of leading experts. While no quantum computer today can break Bitcoin’s cryptography, Galaxy argues Bitcoin’s slow, consensus-driven upgrade process means work on post-quantum protections should begin well before the threat becomes imminent. Grant funding will support quantum-resistant upgrade proposals, post-quantum signature schemes, wallet migration tools, and security audits.

NEW: Jack Mallers steps down as CEO of Twenty One. Raphael Zagury to lead company's next phase of building a Bitcoin-native operating company. XXI unveils refreshed strategic priorities focused on cash flow generation and disciplined capital allocation.

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Twenty One Capital Appoints Raphael Zagury as Chief Executive Officer

Mr. Zagury to lead company's next phase of building a Bitcoin-native operating company. XXI unveils refreshed strategic priorities focused on cash ...

Bitcoin ETFs records a second consecutive week of positive flows.

Bitcoin’s 30-day Spot Demand plunges to -170K BTC.

Bitcoin’s 30-day EMA Long-Term Holder Supply Inflow remains positive, now reading 347,700 BTC.

"We are way below what the power law would suggest. This is a massive undervaluation." @Sina 21st joins to discuss: 🔸 How he called the muted top in 2025 🔸 Why Bitcoin rips when inflation falls 🔸 How he foresaw the Treasury Company collapse YouTube: Fountain:

Fountain: Podcasts & Music

Rob Wallace | Bitcoin News • Everyone Calling For A Bitcoin Bottom In October Is WRONG | Sina Bitcoin Intelligence • Watch on Fountain

Sina, the analyst behind Bitcoin Intelligence and the man who helped popularize the power law, the quantile bands, and the momentum model, is back ...

Much debate on X over BIP-110. Soon we get hard numbers from America's largest mining pool, where miners are voting on how it signals. Our latest newsletter is out tomorrow morning:

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MARGIN DEBT HITS RECORD HIGH RELATIVE TO GDP NYSE/FINRA data compiled by Hussman Strategic Advisors shows U.S. margin debt has climbed to roughly 4.5% of GDP, the highest level on record, surpassing previous peaks seen before the 2000 dot-com crash, 2008 financial crisis, and 2021 market top. Margin debt is money investors borrow to buy stocks. Higher leverage can amplify gains during bull markets, but it also increases the risk of forced selling if prices fall. While this isn’t a market timing signal, it suggests investors are more leveraged relative to the economy than at any point in modern history.

BITCOIN’S QUANTUM RECOVERY PLAN HAS ONE MAJOR EXCEPTION: SATOSHI’S 1.1 MILLION BTC Bitcoin’s proposed defense against quantum computers just took a major step forward, but it still cannot save Satoshi Nakamoto’s coins. Quantum security startup Project Eleven has unveiled a zero-knowledge proof system designed to complement BIP-361, the controversial proposal that would freeze Bitcoin addresses vulnerable to future quantum attacks. The system would allow legitimate owners to recover their bitcoin without revealing their private keys. The proposal addresses one of the biggest criticisms of BIP-361. Under the draft, quantum-vulnerable addresses would stop accepting deposits after three years, with remaining coins frozen after five. More than 34% of Bitcoin’s supply falls into this category, including the estimated 1.1 million BTC attributed to Satoshi. Project Eleven’s approach exploits a key difference in Bitcoin’s cryptography. While quantum computers could eventually break elliptic curve signatures, they cannot efficiently reverse the one-way hash functions used by modern HD wallets. Instead of signing a transaction, users prove they know the secret key material higher up in their wallet’s derivation tree, allowing them to migrate funds to a quantum-safe address without exposing their seed. However, the recovery method only works for BIP-32 hierarchical deterministic wallets introduced in 2012. Satoshi’s coins were created years earlier using software that generated every private key independently, with no seed phrase or derivation tree. That means there is nothing for the proof system to verify. The same limitation applies to many of Bitcoin’s oldest dormant wallets. The prototype is also unaudited, supports only a subset of Bitcoin address types, and would require future consensus changes before it could be used on Bitcoin. Still, the development changes the debate around BIP-361. Rather than permanently burning quantum-vulnerable coins, the proposal could eventually allow legitimate owners to recover them. Everyone, that is, except Satoshi.

Bitcoin is doing just fine.