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BITCOIN BOX SCORE

Exchange Rate: $116,960
Market Capitalization: $2.33T
Hash Rate (90 days): 894.1 EH/s
Transactions (30 days): 12,517,446
Network Fees (economy): 2 sat/vB
Bitcoin Dominance: 61.46%

What do these numbers mean?

"That's a monster pool of capital," said Galaxy CEO Mike Novogratz describing President Trump's plans to sign an executive order easing the ability for U.S. retirement plans and 401(k)s to include bitcoin and other alternative investments.

Bitcoin treasury companies have shoveled billions of dollars into bitcoin, but there are still enormous pools of capital that can’t get in. Trump's executive order will direct the Labor Department to review fiduciary guidance, potentially opening America's $8.7 trillion in 401(k) assets to bitcoin allocation. This follows BlackRock's announcement of a 2026 target-date fund with 5% to 20% private investment allocation and Empower's plans to offer alternative assets in retirement accounts.

Meanwhile, convenience chain Sheetz is offering 50% off purchases when customers pay with bitcoin, demonstrating how bitcoin payments are achieving real-world utility.

Combined with Steak 'n Shake's global Lightning Network rollout which saves the company 50% on payment processing fees, we're witnessing bitcoin’s monetization in real time.

From corporate treasuries to 401(k)s to everyday commerce, bitcoin is beginning to permeate every crevice of the economy.

NEWS

Acacia Research partners with Unchained on bitcoin-collateralized commercial lending strategy

Public company Acacia Research (NASDAQ: ACTG) announced a partnership with Unchained and Build Asset Management to invest in commercial loans fully collateralized by bitcoin, with CEO Martin McNulty citing bitcoin's value as "secure source of quality collateral." The strategy will see Acacia purchasing whole loans originated by Unchained affiliates, with Build providing administrative services for loan management.

Wall Street discovers bitcoin's use as pristine collateral

Traditional finance is finally recognizing what bitcoiners have known for years: bitcoin makes exceptional collateral due to its liquidity, transparency, and lack of counterparty risk. Unlike real estate or corporate bonds, bitcoin collateral can be verified instantly and doesn't require complex appraisals or legal disputes over ownership.

Tornado Cash developer found guilty on money transmitting charge, jury hangs on other counts

Roman Storm, co-founder of privacy tool Tornado Cash, was convicted of conspiracy to operate an unlicensed money transmitting business while jurors failed to reach unanimous verdicts on money laundering and sanctions violation charges. After four days of deliberation, the Manhattan jury delivered a mixed verdict that reflects growing judicial skepticism about criminalizing software development.

Code is not a crime

The partial conviction contradicts the Trump administration's new policy framework announced by Deputy Attorney General Todd Blanche, who stated the DOJ will no longer target mixing services for end-user actions. Storm's case highlights the tension between prosecuting individual developers and recognizing that neutral technology cannot control how third parties use open-source code.

SEC Commissioner Hester Peirce calls for end to Bank Secrecy Act's financial surveillance

SEC Commissioner Hester Peirce delivered a powerful speech this week advocating the restoration of Americans' Fourth Amendment rights by dismantling the Bank Secrecy Act (BSA). Peirce argued that the 1970 law has created a "surveillance operation that effectively deputizes financial companies as law enforcement investigators," collecting nearly 30 million reports annually while generating fewer than 4,000 actual investigations.

Bitcoin offers an escape from financial surveillance

The BSA's third-party doctrine strips Americans of constitutional privacy protections for financial records, but bitcoin's peer-to-peer nature allows individuals to transact without intermediaries. This technological advancement will force lawmakers and regulators to grapple with whether citizens should be required to report "suspicious activity" of their neighbors, as traditional financial institutions currently do.

Tennessee Bitcoin Alliance launches statewide adoption initiative targeting 2026 legislation

The Tennessee Bitcoin Alliance (TNBTC), a new nonprofit organization, will accelerate bitcoin adoption through public education programs and legislative advocacy, with plans to introduce bills in 2026 affirming self-custody rights and recognizing bitcoin node operation as protected speech. The organization will roll out workshops this fall covering practical bitcoin usage for households and Lightning payment integration for merchants.

States compete for bitcoin economic advantage

Tennessee's combination of low-cost nuclear power, business-friendly policies, and existing tech infrastructure positions it to capture significant bitcoin economic activity. As federal policy creates tailwinds for bitcoin adoption, states that proactively build supporting legal frameworks will attract mining operations, financial services companies, and the high-paying jobs that follow bitcoin businesses.

In related news, pro-bitcoin Senator Marsha Blackburn announced a bid for Tennessee governor.

BITCOIN ADOPTION CONTINUES

Japanese AI company Quantum Solutions plans to accumulate 3,000 bitcoins over 12 months as a strategic reserve asset, citing yen depreciation and economic uncertainty as key drivers.

Sazmining becomes the first bitcoin mining firm to integrate Square's payment platform, accepting credit cards, digital wallets, and bitcoin payments while launching a $618,000 crowdfunding campaign.

The Bitcoin Policy Institute launches a Congressional Fellowship Program to embed bitcoin experts directly in congressional offices for one-year terms to advise on legislation and policy.

Michigan's state pension fund tripled its bitcoin ETF holdings to $10.7 million, increasing its ARKB position from 100,000 to 300,000 shares in one quarter.

MARA Holdings surpassed 50,000 bitcoins in treasury holdings after mining 703 coins in July, solidifying its position as the second-largest publicly traded bitcoin holder globally.

Blockstream VP Fernando Nikolic launches Perception, a bitcoin market intelligence platform aimed at addressing fragmented information in the digital asset space.

HOW BITCOIN WORKS

Learn one key idea about bitcoin each week. This week:

We live in the most inflationary half century, ever.

Deutsche Bank's latest research shatters the myth that we live in a "low inflation" world. Their comprehensive study of 152 countries since 1971 reveals a stark truth: we are living through the most inflationary half-century in human history.

The numbers are undeniable. Since the collapse of the Bretton Woods system in 1971, not a single country has managed to keep average annual inflation below 2%. Switzerland comes closest at 2.2%, but even this "success story" maintained constitutional gold backing until 1999 and continues holding substantial gold reserves today.

Meanwhile, 107 of the 152 countries studied have averaged above 5% inflation, with 55 countries experiencing double-digit inflation over five decades. Countries like Argentina (82.2%), Brazil (74.9%), and Turkey (34.5%) demonstrate what unconstrained fiat money creation ultimately produces.

This isn't a coincidence, but rather the inevitable result of abandoning sound money. When Nixon severed the dollar's link to gold in 1971, he unleashed a global fiat system where every currency became backed by nothing more than promises and coercion.

Fiat money systems create perverse incentives. Politicians face immediate pressure to spend while inflation's costs remain hidden and delayed. As Deutsche Bank's research shows, "while we live in this period of fiat money and democracies, the easiest solution, or band-aid, to most economic problems will inevitably involve inflation, whether desired or not."

The Swiss example proves the point. Their relatively low inflation coincides with their historical gold backing and continued gold holdings. Countries that severed ties to hard assets most completely, like Argentina and Brazil, suffered the most severe periods of debasement.

Bitcoin is sound money that could constrain this systematic theft. Politicians and central bankers cannot manipulate its fixed supply. Voters and special interests can’t use their sway to award themselves largesse.

The Deutsche Bank data shows we don't have an inflation problem – we have a fiat money problem.

COIN CHECK

If inflation averages 5% per year, roughly how long until your purchasing power is cut in half?

A. 10 years
B. 12 years
C. 14 years
D. 20 years

Check your answer at the end of the page.

FROM THE MEME POOL

Follow us on X for more fresh content

ANSWER

Correct answer: C. 14 years

Why it’s right
Inflation compounds. The “half-life” of purchasing power solves 0.95^n = 0.50.

The quick mental check is the Rule of 70:

70 / 5 ≈ 14

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