π BITCOIN CUSTODY CHECK
When building a substantial BTC position, what custody approach do you trust most?
π§ Hardware wallet / self-custody
π§© Multisig with distributed keys
π¦ Regulated bank or institutional custodian
π A combination of self-custody and third-party custody
πΈ
Crypto Edge
When building a substantial BTC position, what custody approach do you trust most?
π§ Hardware wallet / self-custody
π§© Multisig with distributed keys
π¦ Regulated bank or institutional custodian
π A combination of self-custody and third-party custody
πΈ
Crypto Edge
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Arthur Hayes argues the Clarity Act is suffocating crypto innovation in the U.S., restricting creative freedom and hindering the growth of organic, market-driven projects.
Bitcoin, on the other hand, has flourished since 2009βlong before this legislation came into play.
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Arthur Hayes argues the Clarity Act is suffocating crypto innovation in the U.S., restricting creative freedom and hindering the growth of organic, market-driven projects.
Bitcoin, on the other hand, has flourished since 2009βlong before this legislation came into play.
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π BITCOIN ETF INFLOWS DO NOT CREATE NEW BTC
When $500M flows into Bitcoin ETFs, it doesnβt mean $500M worth of new Bitcoin is minted.
Bitcoinβs issuance still follows the code.
The cap remains fixed at 21 million BTC.
What ETF demand *does* affect is who competes for the Bitcoin already in circulation β and for the new coins miners unlock.
Strong ETF demand pushes institutional players to acquire more BTC, intensifying the hunt for limited supply.
Outflows, meanwhile, can ease that pressure.
This is why ETF flows matter:
Not because they alter Bitcoinβs supply mechanics β they donβt.
But because they shift demand dynamics for a supply that refuses to bend to demand.
πΈ
Crypto Edge
When $500M flows into Bitcoin ETFs, it doesnβt mean $500M worth of new Bitcoin is minted.
Bitcoinβs issuance still follows the code.
The cap remains fixed at 21 million BTC.
What ETF demand *does* affect is who competes for the Bitcoin already in circulation β and for the new coins miners unlock.
Strong ETF demand pushes institutional players to acquire more BTC, intensifying the hunt for limited supply.
Outflows, meanwhile, can ease that pressure.
This is why ETF flows matter:
Not because they alter Bitcoinβs supply mechanics β they donβt.
But because they shift demand dynamics for a supply that refuses to bend to demand.
πΈ
Crypto Edge
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π BITCOIN ETF INFLOWS DONβT MINT NEW BTC
When $500M pours into Bitcoin ETFs, it doesnβt mean $500M worth of new Bitcoin is created.
Bitcoinβs issuance still runs by the code.
The cap stays firm at 21 million BTC.
What ETF demand *does* affect is who competes for the Bitcoin already in circulation β and for the fresh coins miners bring online.
Sustained ETF buying pushes fund managers to acquire more BTC from existing holders.
Outflows, meanwhile, can flood supply back into the market.
This is why ETF flows matter:
Not because they alter Bitcoinβs supply mechanics.
But because they shift demand for a fixed, unchanging supply β one the protocol will never inflate, no matter the pressure.
πΈ
Crypto Edge
When $500M pours into Bitcoin ETFs, it doesnβt mean $500M worth of new Bitcoin is created.
Bitcoinβs issuance still runs by the code.
The cap stays firm at 21 million BTC.
What ETF demand *does* affect is who competes for the Bitcoin already in circulation β and for the fresh coins miners bring online.
Sustained ETF buying pushes fund managers to acquire more BTC from existing holders.
Outflows, meanwhile, can flood supply back into the market.
This is why ETF flows matter:
Not because they alter Bitcoinβs supply mechanics.
But because they shift demand for a fixed, unchanging supply β one the protocol will never inflate, no matter the pressure.
πΈ
Crypto Edge
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A lone attacker siphoned 8.7 million FET tokensβworth approximately $1.53 millionβfrom a token converter contract, triggering a catastrophic drop in NTX, which plunged to an all-time low. Following unauthorized minting that flooded the market, the token crashed 70β95%.
Just days earlier, on September 19, the same threat actor targeted two AI-driven cryptocurrency projects, making off with nearly $2 million in total.
Security firms Blockaid and PeckShield have traced both attacks back to a single wallet.
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A lone attacker siphoned 8.7 million FET tokensβworth approximately $1.53 millionβfrom a token converter contract, triggering a catastrophic drop in NTX, which plunged to an all-time low. Following unauthorized minting that flooded the market, the token crashed 70β95%.
Just days earlier, on September 19, the same threat actor targeted two AI-driven cryptocurrency projects, making off with nearly $2 million in total.
Security firms Blockaid and PeckShield have traced both attacks back to a single wallet.
π₯ @Bitcoin_Insights
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π·
Bill Miller IV, CEO of Miller Value Partners, reveals that rising fiscal deficits are making Bitcoin far more undervalued now than at the height of the previous market cycle.
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Bill Miller IV, CEO of Miller Value Partners, reveals that rising fiscal deficits are making Bitcoin far more undervalued now than at the height of the previous market cycle.
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π’ A BITCOIN TREASURY COMPANY DOESNβT HAVE TO BUY BTC EVERY WEEK
This month offered a clear illustration of strategy in action.
Between Sept. 8 and Sept. 13, the company:
β’ Bought no Bitcoin
β’ Sold no Bitcoin
β’ Maintained 845,050 BTC on its balance sheet
β’ Used $139.3M in USD cash to repurchase STRC preferred shares
Why is this significant?
Bitcoin treasury companies arenβt just programmed to buy BTC on loop.
They actively manage cash reserves, debt, preferred stock, equity issuance, and overall cost of capital.
Sometimes, the smartest move is accumulating more Bitcoin.
Other times, itβs optimizing the financial foundation supporting the Bitcoin they already hold.
Recognizing that difference makes it far easier to interpret corporate Bitcoin behavior.
πΈ
Crypto Edge
This month offered a clear illustration of strategy in action.
Between Sept. 8 and Sept. 13, the company:
β’ Bought no Bitcoin
β’ Sold no Bitcoin
β’ Maintained 845,050 BTC on its balance sheet
β’ Used $139.3M in USD cash to repurchase STRC preferred shares
Why is this significant?
Bitcoin treasury companies arenβt just programmed to buy BTC on loop.
They actively manage cash reserves, debt, preferred stock, equity issuance, and overall cost of capital.
Sometimes, the smartest move is accumulating more Bitcoin.
Other times, itβs optimizing the financial foundation supporting the Bitcoin they already hold.
Recognizing that difference makes it far easier to interpret corporate Bitcoin behavior.
πΈ
Crypto Edge
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U.S. officials, including top leaders, testified on Capitol Hill.
They disclosed classified efforts aimed at securing a strategic edge in #Bitcoin, openly recognizing it as a matter of national security.
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U.S. officials, including top leaders, testified on Capitol Hill.
They disclosed classified efforts aimed at securing a strategic edge in #Bitcoin, openly recognizing it as a matter of national security.
π₯ @Bitcoin_Insights
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French authorities are hunting four suspects following a home invasion where a cryptocurrency professional and his family were physically restrained, and approximately β¬40,000 worth of digital assets were stolen.
The incident underscores a harsh reality: holding crypto comes with real-world risks. While βnot your keys, not your coinsβ is a well-known principle, it now has a disturbing physical counterpartβif others know you hold crypto, your home can become a target.
Break-ins targeting crypto holders are no longer isolated incidentsβtheyβre a growing, global concern.
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French authorities are hunting four suspects following a home invasion where a cryptocurrency professional and his family were physically restrained, and approximately β¬40,000 worth of digital assets were stolen.
The incident underscores a harsh reality: holding crypto comes with real-world risks. While βnot your keys, not your coinsβ is a well-known principle, it now has a disturbing physical counterpartβif others know you hold crypto, your home can become a target.
Break-ins targeting crypto holders are no longer isolated incidentsβtheyβre a growing, global concern.
π₯ @Bitcoin_Insights
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π¦ BITCOIN ETFs PULL IN $433M β TURNING THE WEEK AROUND
U.S. spot Bitcoin ETFs saw $433 million in net inflows on Friday β their best day since September 3.
Fidelity drove the surge:
β’ FBTC: +$310.7M
β’ BlackRock IBIT: +$108.4M
β’ BITB: +$9.7M
β’ HODL: +$2.3M
β’ ARKB: +$1.9M
That single day was enough to push weekly net flows back into positive territory.
Weekly net flow:
+$6.2M
Not a massive number β but meaningful given that Tuesday and Wednesday alone saw outflows of nearly $746 million.
Institutional appetite returned just in time to balance one of Septemberβs steepest midweek sell-offs.
π‘
Crypto Edge
U.S. spot Bitcoin ETFs saw $433 million in net inflows on Friday β their best day since September 3.
Fidelity drove the surge:
β’ FBTC: +$310.7M
β’ BlackRock IBIT: +$108.4M
β’ BITB: +$9.7M
β’ HODL: +$2.3M
β’ ARKB: +$1.9M
That single day was enough to push weekly net flows back into positive territory.
Weekly net flow:
+$6.2M
Not a massive number β but meaningful given that Tuesday and Wednesday alone saw outflows of nearly $746 million.
Institutional appetite returned just in time to balance one of Septemberβs steepest midweek sell-offs.
π‘
Crypto Edge
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π·
Bitcoin has closed above its 50-week moving average for the first time in 45 weeksβsettling at $81,159 compared to the MAβs $78,786, according to Galaxy Research.
This follows a 29% rally over the past 35 days.
Historically, reclaiming the 50-week MA signals a potential cycle low and the start of a bull run. One analyst estimates a 75% probability of a confirmed bottomβrising to 100% when excluding the pandemic-era crash.
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Bitcoin has closed above its 50-week moving average for the first time in 45 weeksβsettling at $81,159 compared to the MAβs $78,786, according to Galaxy Research.
This follows a 29% rally over the past 35 days.
Historically, reclaiming the 50-week MA signals a potential cycle low and the start of a bull run. One analyst estimates a 75% probability of a confirmed bottomβrising to 100% when excluding the pandemic-era crash.
π₯ @Bitcoin_Insights
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π ON-CHAIN: MARA-LINKED WALLETS ACQUIRE 1,292 BTC
On-chain analysis reveals that wallets tied to Bitcoin miner MARA Holdings have added 1,292 BTC to their holdings.
Estimated value:
~$98.6M
The acquisition was facilitated through FalconX, an institutional trading platform.
This move stands out because, throughout 2026, MARA was primarily a seller of Bitcoinβoffloading reserves to pay down debt, sustain mining operations, and fund its push into AI and high-performance computing (HPC) infrastructure.
Key point:
This insight comes from blockchain analytics, not official disclosure.
MARA has not confirmed the purchase in an SEC filing or public statement.
So while the on-chain footprint is clear, the companyβs current strategy behind the buy remains speculative.
πΈ
Crypto Edge
On-chain analysis reveals that wallets tied to Bitcoin miner MARA Holdings have added 1,292 BTC to their holdings.
Estimated value:
~$98.6M
The acquisition was facilitated through FalconX, an institutional trading platform.
This move stands out because, throughout 2026, MARA was primarily a seller of Bitcoinβoffloading reserves to pay down debt, sustain mining operations, and fund its push into AI and high-performance computing (HPC) infrastructure.
Key point:
This insight comes from blockchain analytics, not official disclosure.
MARA has not confirmed the purchase in an SEC filing or public statement.
So while the on-chain footprint is clear, the companyβs current strategy behind the buy remains speculative.
πΈ
Crypto Edge
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Ray Dalio points out that climbing interest rates frequently burst financial bubbles and trigger market downturns.
For months, critics warned of a crash if the Fed began hiking ratesβand now, weβre officially in that cycle.
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Ray Dalio points out that climbing interest rates frequently burst financial bubbles and trigger market downturns.
For months, critics warned of a crash if the Fed began hiking ratesβand now, weβre officially in that cycle.
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The average Bitcoin ETF holder is back in the green for the first time since January.
This morningβs rally pushed Bitcoin above our estimated ETF cost basis of $81,722 per coin.
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This morningβs rally pushed Bitcoin above our estimated ETF cost basis of $81,722 per coin.
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β BITCOIN MINING HASHRATE IS ~50% BELOW ITS LONG-TERM TREND
A recent CoinShares report reveals a significant structural shift in Bitcoin mining.
Key findings:
β’ Network hashrate is approximately 50% below its projected long-term trend
β’ This marks the first six-month decline in hashrate since Chinaβs 2021 mining crackdown
β’ Publicly traded miners produced BTC at an average cash cost of ~$75,500 in Q2
β’ Over 35 EH/s of capacity from listed miners is expected to be decommissioned
One crucial driver?
AI infrastructure is now competing head-to-head with Bitcoin mining for power.
CoinShares estimates AI computing can generate about $1.5M per MW annuallyβcompared to roughly $0.5M from BTC mining under current conditions.
Bitcoinβs network isnβt collapsing.
But miner economics are evolving. Electricity is increasingly allocated to whatever use generates the highest return.
πΈ
Crypto Edge
A recent CoinShares report reveals a significant structural shift in Bitcoin mining.
Key findings:
β’ Network hashrate is approximately 50% below its projected long-term trend
β’ This marks the first six-month decline in hashrate since Chinaβs 2021 mining crackdown
β’ Publicly traded miners produced BTC at an average cash cost of ~$75,500 in Q2
β’ Over 35 EH/s of capacity from listed miners is expected to be decommissioned
One crucial driver?
AI infrastructure is now competing head-to-head with Bitcoin mining for power.
CoinShares estimates AI computing can generate about $1.5M per MW annuallyβcompared to roughly $0.5M from BTC mining under current conditions.
Bitcoinβs network isnβt collapsing.
But miner economics are evolving. Electricity is increasingly allocated to whatever use generates the highest return.
πΈ
Crypto Edge
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π¦ BITCOIN ENTERS THE LIFE-INSURANCE INDUSTRY
Bitcoin Life has secured a full license in Guernsey to operate as an international long-term life insurer.
Its debut product? A whole-of-life investment-linked insurance bond centered on Bitcoin.
Clients can fund their policies in BTC or fiat, with the policy value remaining directly invested in Bitcoin over time.
Institutional-grade custody and trading are powered by BitGo Europe.
Hereβs where it gets interesting:
Bitcoin isnβt just moving into ETFs and corporate balance sheets β itβs now being woven into traditional wealth preservation and estate planning.
This doesnβt alter Bitcoin.
It transforms the financial architecture being built around long-term Bitcoin ownership.
π°
Crypto Edge
Bitcoin Life has secured a full license in Guernsey to operate as an international long-term life insurer.
Its debut product? A whole-of-life investment-linked insurance bond centered on Bitcoin.
Clients can fund their policies in BTC or fiat, with the policy value remaining directly invested in Bitcoin over time.
Institutional-grade custody and trading are powered by BitGo Europe.
Hereβs where it gets interesting:
Bitcoin isnβt just moving into ETFs and corporate balance sheets β itβs now being woven into traditional wealth preservation and estate planning.
This doesnβt alter Bitcoin.
It transforms the financial architecture being built around long-term Bitcoin ownership.
π°
Crypto Edge
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β‘οΈ
Strive has acquired an additional 1,355 Bitcoin for $107.7 million, increasing its total holdings to 26,355 BTC.
The purchase follows warrant exercises that generated $21.2 million in funding.
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Strive has acquired an additional 1,355 Bitcoin for $107.7 million, increasing its total holdings to 26,355 BTC.
The purchase follows warrant exercises that generated $21.2 million in funding.
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Michael Saylorβs strategy now boasts $8.7B in unrealized gains from its Bitcoin holdings.
Just three months ago, that profit and loss stood at a $14B deficit.
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Michael Saylorβs strategy now boasts $8.7B in unrealized gains from its Bitcoin holdings.
Just three months ago, that profit and loss stood at a $14B deficit.
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π BITCOIN SURPASSES $86K AS SPOT BUYING RETURNS
Bitcoin climbed above $86,000 on Monday, marking its highest point since January.
According to Glassnodeβs latest data, this move wasnβt just about price:
β’ Spot taker flow shifted from net selling to net buying
β’ Trading volume picked up
β’ Momentum turned upward
β’ Short liquidations added fuel to the rally
At the same time, leverage is steadily increasing across futures and options markets.
Thatβs significant.
A rally backed by genuine spot demand is more sustainable than one driven purely by leveraged positions β but rising leverage can amplify volatility if market positioning gets too crowded.
Bitcoin has retaken key ground.
Now it must prove it can stay there.
πΈ
Crypto Edge
Bitcoin climbed above $86,000 on Monday, marking its highest point since January.
According to Glassnodeβs latest data, this move wasnβt just about price:
β’ Spot taker flow shifted from net selling to net buying
β’ Trading volume picked up
β’ Momentum turned upward
β’ Short liquidations added fuel to the rally
At the same time, leverage is steadily increasing across futures and options markets.
Thatβs significant.
A rally backed by genuine spot demand is more sustainable than one driven purely by leveraged positions β but rising leverage can amplify volatility if market positioning gets too crowded.
Bitcoin has retaken key ground.
Now it must prove it can stay there.
πΈ
Crypto Edge
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β‘οΈ
U.S. spot Bitcoin ETFs recorded $999 million in inflows in a single day β the largest daily surge since October 2025.
The influx came as Bitcoin surged past $87,000, hitting its highest level since January.
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U.S. spot Bitcoin ETFs recorded $999 million in inflows in a single day β the largest daily surge since October 2025.
The influx came as Bitcoin surged past $87,000, hitting its highest level since January.
π₯ @Bitcoin_Insights
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