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Weekly Newsletter

The sharpest crypto signals — what moved, and why it matters.

Sun, Aug 16

Norway's Accidental Bitcoin Position

K33 puts Norway's sovereign fund at a record 11,549 BTC of indirect exposure (~$725M, 86% via Strategy) — accumulated without buying a coin, as its Strategy stake rose 50% to $370M through index flows

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BIP-110 Fork Confirmed Dead

The minority chain stays frozen at two blocks a day after splitting — ~0.15% of hashrate enforces it (most signallers included didn't), with a first difficulty adjustment decades away at current pace

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Goldman Buys the Bitcoin Yield Machine

Goldman's BTCI: income without the coin

The fund Goldman just paid up for doesn't own a single bitcoin. BTCI holds other bitcoin-linked products and sells call options against them — bets that pay a fee now in exchange for capping your gains if the price runs. That's how it…

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Hyperliquid's Whip Hand Problem

HIP-3: who actually holds the whip

Warwick, who founded the trading platform Synthetix, says the 50% cut Hyperliquid hands builders can't last. He's right about the leverage: builders can walk, but there's nowhere as good to walk to. Hyperliquid can trim that cut whenever…

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Bitcoin's Defenders vs the AI Guardrails

Red Team: the guardrail protects the attacker

Rob Hamilton, who runs a Bitcoin insurance company, got 19 minutes into hunting for flaws in Bitcoin infrastructure with OpenAI's cyber model before it shut him down. He's now using open Chinese models like Kimi K3 instead, and hates that…

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Russia Names Its Three Approved Coins

Russia: the escape hatch got a five-year moat

Russia will let ordinary people buy bitcoin on regulated exchanges — the central bank named its approved list this week: Bitcoin, Ethereum, USDT, nothing else. The bar is deliberate: only coins that are huge, liquid, and have five years of…

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BlackRock Canada ETF Adds Bitcoin

3% Bitcoin: the wrapper inside the wrapper

BlackRock's new Canadian fund puts 3% into bitcoin — but not directly. It buys another BlackRock fund, which holds the coins through BlackRock-arranged custody. A Canadian buys one ticker; the bitcoin sits at least three layers down.

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Circle-Backed Privacy Stablecoin Coming

Miden announces USDCx — a private-by-default stablecoin backed 1:1 by USDC via Circle's xReserve, with selective disclosure for auditors and regulators — launching with its zk mainnet, targeted end of August

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