Treasury Secretary Bessent said Bitcoin is becoming a store of value

Bessent added, "People want to get their money out of China, but they won't let them."

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ICYMI: 🟠 Wells Fargo increased $MSTR Strategy position by 150%, now worth $185M.

Source: https://x.com/BitcoinArchive/status/2088340007161327950

Source: https://x.com/SimplyBitcoin/status/2088566932223959146

BTW: 🟠 Jeff Ross says the AI tech bubble is behaving similar to the 2007 housing bubble:

“The government will be forced to step in and flood it with cash to save it and what that means is it’s going to debase all Americans and all users of the US dollar… so they’re going to socialize the losses.”

Source: https://x.com/SimplyBitcoin/status/2088455591928754360

NEW: 🟠 Artem Chystiakov introduced DAMP, a decentralized asset management protocol for stablecoins and RWA on the Liquid Network 🌊

Fully onchain and self-custodial. No cosigner service is needed, powered by Simplicity.

Link to the full paper: https://github.com/Arvolear/research-papers/blob/master/simplicity/DAMP.pdf

Source: https://x.com/Arvolear/status/2087534358471074209

FYI: 🇺🇸 Former House Financial Services Committee Chair Patrick McHenry tells Bloomberg that the CLARITY Act will pass and Big Banks will turn into crypto's biggest supporters:

"Clarity Act will be passed later this year"

Source: https://x.com/AltcoinDaily/status/2088351556290961593

HISTORY: 🟠 9 years of Bitcoin from space 🛰️

On this day in 2017, Blockstream Satellite launched, giving Bitcoin nodes a way to receive the blockchain without relying on the internet.

Nine years later, the network continues broadcasting Bitcoin data around the world, 24/7 adding another layer of resilience to Bitcoin’s infrastructure.

No internet required. Just Bitcoin, beamed from space.

Historic announcement: https://x.com/blockstream/status/897460146074288129

Billionaire Mark Cuban says computer chips "will be the new crypto."

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Franklin Crypto's head says the industry will be "just fine" even if the CLARITY Act never passes.

Chris Perkins says the SEC and CFTC are already creating "policy and precedent every single day."

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JUST IN: 🇺🇸 Treasury Secretary Scott Bessent says the "Treasury is moving quickly to implement" the GENIUS Act 👀

"Beginning on January 18, 2027, the expected effective date of the GENIUS Act," 👀

Source: https://x.com/BitcoinMagazine/status/2089337014889927032

JUST IN: 🇺🇸 Public company Strive purchases 79 Bitcoin for $5 million! 🚀

Source: https://x.com/BitcoinMagazine/status/2089324949240476090

FYI: 🟠 Strategy added $150M to its USD Reserve and repurchased $132M of $STRC, extending USD Duration to 2.8 yrs (+41 days) and tightening STRC BTC Credit to 114 bps (-4 bps).

As of 8/16/26: ₿840,447 BTC Reserve; $4.8B USD Reserve.

Source: https://x.com/saylor/status/2089322293822468601

💰 Strategy raised its cash reserve to $4.8B and repurchased $132.2M of STRC while keeping its Bitcoin holdings at 840,447 BTC.

📰 https://btctimes.com/strategy-raises-cash-reserve-to-4-8-billion-while-repurchasing-132-2-million-of-strc-2

📣 https://x.com/BTCTimescom/status/2089375476041052655

🚀 Strive (ASST) purchased 79 Bitcoin for ~$5 million at an average price of $63,231, increasing its holdings to 20,246 Bitcoin.

📰 https://btctimes.com/strive-purchases-79-bitcoin-for-5-million

📣 https://x.com/BTCTimescom/status/2089376634482688200

JUST IN: 🇺🇸 White House crypto meeting is positive for Bitcoin — Bitwise CIO Matt Hougan

"Outlook for the year-end is good."

Source: https://x.com/BitcoinArchive/status/2089376832533459041

BREAKING: 🟠 Goldman Sachs BOUGHT $386M worth of Michael Saylor's Strategy shares.

Now holds $558M worth of $MSTR

Source: https://x.com/BitcoinArchive/status/2089363023135719490

NEW: 🇺🇸 Harvard University reports owning $101.3M in BlackRocks Bitcoin ETF 🚀

Source: https://x.com/BitcoinMagazine/status/2089412571853959545

BREAKING: 🟠 $28B Schonfeld Advisors SOLD 20% of its Bitcoin ETF holdings in Q2.

Position drops to $384M

Source: https://x.com/BitcoinArchive/status/2089420462572839119