Bitcoin’s price rose — albeit slightly — on data Wednesday showing that inflation had risen slower than expected. 

The Fed’s main inflation gauge, the personal consumption expenditures price index, increased in August by 3.4% on headline and 3% for core — both well below estimates.

Bitcoin’s price recently stood at $84,246 after jumping as high as $85,518 at one point Wednesday morning in New York. 

The news means the Federal Reserve is less likely to hike interest rates in October. High inflation is causing the U.S. central bank to take a more hawkish approach to managing monetary policy. 

In his first speech since he became Fed chair, Kevin Warsh in…

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Dutch people could soon be paying tax on their bitcoin gains — if they sell. 

The Dutch government on Tuesday announced that it was planning to introduce a capital gains tax starting from 2028. 

If approved, gains on investments would be paid when they are realized, rather than imposing levies on assumed returns or unrealized increases in value, a Tuesday the Dutch cabinet to the House of Representatives read.

“The earning capacity of the Dutch economy calls for a way of taxing wealth that facilitates investment,” the letter read. 

It added that most financial instruments would be taxed from 2028 while remaining assets would transition two years later. The letter…

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Bitcoin futures open interest is back above $50 billion for the first time this year. Is that healthy leverage or a warning sign? David Lawant, head of research at Anchorage Digital, says it’s a sign of vitality, and explains why rising spot volume and thinning order books point to the early stages of a Bitcoin market upturn.

Chapters:0:00 Bitcoin Futures Open Interest Tops $50B – Healthy or a Warning Sign?1:26 Reading Bitcoin’s Market Structure Beyond Open Interest3:23 Rising Spot Volume, Thinning Order Books, and the Anthropic IPO4:15 The Liquidity Absorption Ratio Explained6:52 How to Spot a Bitcoin Market Regime Change7:36 The $60B Bitcoin Options Market and the…

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Investors withdrew over 4,000 bitcoins worth over $334 million at today’s prices in one hour after hacked Bitget resumed customer withdrawals, the company’s CEO has said. 

Bitget CEO Gracy Chen told Bloomberg Television Tuesday that withdrawals from the exchange had since stabilized following the immediate bitcoin transactions.

Hackers last week made away with $388 million in crypto after targeting the Victoria, Seychelles-based exchange’s hot wallets. 

“The withdrawals actually stabilized a lot today,” Chen said. “Those hundreds of millions [in bitcoin withdrawals] actually most of them happen on the first hour of the withdrawal restart.”

In a…

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When Bitcoin fell from $125K to $60K, not one of the 15 major institutions Bitwise interviewed sold, and many bought more. Ryan Rasmussen, head of research at Bitwise, breaks down the firm’s first institutional crypto adoption report, covering pensions, endowments, foundations, and sovereign wealth funds, and why they treat Bitcoin alongside gold as a hedge against debasement.

Chapters:0:00 Ryan Rasmussen on Bitwise’s Institutional Crypto Adoption Report0:49 Why No Institutions Sold Bitcoin During the Bear Market1:45 Wells Fargo’s 2–3% Bitcoin Allocation and the Debasement Thesis3:45 Fidelity, BlackRock, and 2–8% Bitcoin Allocations4:50 How ETFs Made This Bitcoin…

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Bitcoin Magazine

Tracy Shuchart: BTC & the Commodities Supercycle

Six million barrels a day of oil still aren’t getting through the Strait of Hormuz, and Tracy Shuchart says markets are still tightening. The NinjaTrader Live senior economist explains why lost GCC production won’t come back quickly, why crack spreads are signaling stress, and why the global refining shortage could get worse heading into winter.

Chapters:0:00 Tracy Shuchart on the Strait of Hormuz and Tightening Oil Markets1:07 Crack Spreads, Russian Refineries, and the Global Refining Shortage2:50 Fall Refinery Maintenance and a Dire Winter Setup3:22 Why a US Diesel Export Ban Would Backfire4:45 Gold vs. Bitcoin:…

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Dan Tapiero says a new bull phase has begun in the core assets of the digital asset space. The founder and CEO of 50T Funds explains where he’s seeing real revenue growth underneath the hood, from stablecoins and tokenization to Kraken, Ledger, and Polymarket, and why Hyperliquid has been leading the market.

Chapters:0:00 Dan Tapiero on What Makes a Digital Asset Company Worth Backing1:25 Passing on FTX, Celsius, and BlockFi – Why Valuation Matters3:50 Where the Real Revenue Growth Is: Stablecoins, Tokenization, and Kraken5:15 Bitcoin, Solana, and Why Hyperliquid Is Leading This Bull Phase6:59 Raising the $500M 50T Fund and Institutional Appetite9:41 50T’s $42M MoonPay…

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A new bitcoin exchange-traded fund has hit Europe — with a twist. 

Debuted by $9.2 billion ETF provider HANetf, the Arrow Bitcoin EUR Hedged ETF gives European investors exposure to bitcoin while reducing the impact of movements between the euro and the US dollar.

Because bitcoin is priced in dollars, European investors who buy an unhedged product are exposed to two things at once: the bitcoin price and the dollar’s moves against the euro. 

The new exchange-traded commodity — a fund that gives investors exposure to a commodity — aims to remove the second of these in a product described by HANetf as the world’s first. 

“With this launch, we are bringing…

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Bitcoin’s recent run may be slowing down — but that doesn’t mean it isn’t in a bull market. 

That’s according to a new report by data analytics firm CryptoQuant, which said signs of profit-taking were appearing. 

Bitcoin’s price recently stood at $82,939, down nearly 4% over a seven-day period, after surging to an eight-month high of $87,251 last week. 

Last week’s surge led CryptoQuant to declare that the coin was in a bull market. The reason: the leading cryptocurrency crossed above its 365-day moving average — the “definitive technical signal” that has marked the start of Bitcoin’s bull markets in past cycles, according to the firm. 

But…

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A Bitcoin metaprotocol similar to Ordinals accounted for most Bitcoin transactions over a 90-day stretch ending in September, according to figures published by SUBFROST, which maintains the protocol.

SUBFROST said Alkanes transactions made up 61.1% of all Bitcoin transactions between June 23 and Sept. 20, covering blocks 954,917 through 967,918, or about 59.9 million transactions. In the same window, the company said Alkanes used 40.3% of block space by weight, 94.2% of OP_RETURN bytes, and 13.4% of transaction-fee revenue.

Alkanes is a Bitcoin metaprotocol that builds on top of the Runes protocol. It is maintained by SUBFROST, a U.S.-facing company led by co-founder Gabe Lee,…

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