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Michael Saylor Frames Bitcoin as an Engineering Solution for Money

Strategy Executive Chairman Michael Saylor argues bitcoin can preserve and transfer economic value more efficiently than gold or fiat currency, framing the cryptocurrency as a technological upgrade to money itself. His thesis places proof of work, fixed supply, digital ownership, and financial infrastructure at the center of bitcoin’s potential role as a long-term monetary foundation. […] from Bitcoin News https://ift.tt/icumNkh
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Abu Dhabi’s $764M Bitcoin Bet Holds Firm Through Market Pain

Two of Abu Dhabi’s biggest sovereign investment vehicles sat through a roughly $118 million hit to their Blackrock spot bitcoin exchange-traded fund (ETF) positions in the second quarter and did not cut a single net share, leaving nearly $764 million riding on IBIT when June ended. Mubadala Investment Company and the Abu Dhabi Investment Council, […] from Bitcoin News https://ift.tt/nisHxTO

Edelman Financial’s $34M Bitcoin ETF Bet Tops Its Amazon Stake

Edelman Financial Engines, which manages $326 billion in client assets, disclosed a $34 million position in spot bitcoin exchange-traded funds (ETFs) in its latest regulatory filing, a stake that now exceeds the firm’s holding in Amazon. A New Line in the Filing Edelman Financial Engines, the registered investment advisor that serves roughly 1.3 million clients, […] from Bitcoin News https://ift.tt/N6qJQhH

BIP-110 Breakaway Chain Faces a Long Fight to Survive

Since Bitcoin split at block 961632 on Aug. 8, the tiny Roughnecks pool has burned scarce hashpower chasing a chain almost nobody can trade, grinding out just four blocks across seven days. Now, BIP-110 supporters are preparing an even bigger gamble: abandoning double SHA-256 for Blake2b, a proof-of-work (PoW) primitive used by only a handful […] from Bitcoin News https://ift.tt/KnCZSaU

Strategy Pushes Back on MSCI Plan to Drop MSTR From Global Indexes

MSCI’s proposed eligibility screen would remove Strategy from its global equity benchmarks, the largest of three companies flagged in a May simulation at $23.9 billion. The bitcoin treasury firm answered on Aug. 14 with a flat refusal. Strategy Pushes Back Against Its Own Index Provider Strategy Inc. (Nasdaq: MSTR) issued a public rebuttal to MSCI […] from Bitcoin News https://ift.tt/QwzDG9Z

Bitwise Targets Solana Staking ETF for First Tokenized Shares

Bitwise is working with Superstate to let investors hold shares of certain funds in tokenized form while preserving the same legal and economic rights. Its Solana staking ETF is expected to be the first product considered for the blockchain-based structure. Bitwise Taps Superstate to Bring ETF Shares Onchain Bitwise Asset Management is preparing to bring […] from Bitcoin News https://ift.tt/tey25g8

Kalshi Pulls All Sports Mention Markets as CFTC Opens Review

Kalshi has removed all sports-mention markets (contracts on whether a broadcaster says a particular word), as the Commodity Futures Trading Commission reviews whether the category invites manipulation, NPR reported based on anonymous sources. Mention markets on Trump, corporate earnings calls, and news broadcasts remain live on the platform even as a Washington court has just […] from Bitcoin News https://ift.tt/n72aYpg