Bitcoin (BTC)

The New York State Court of Appeals has suspended a default judgment involving 39,069 Bitcoin wallets, totaling about 3.8 million BTC, valued at roughly $293 billion. Plaintiff Noah Doe attempted to claim ownership of these long‑dormant wallets under New York lost‑and‑found regulations, but New York attorney Ian R. Cohen filed an amicus brief stating that long‑term inactivity does not equate to abandonment of ownership, and Bitcoin cannot be turned over to police like physical property. The court suspended the proceedings on June 5, and the case awaits further hearing. Moreover, some of the listed addresses have recently seen on‑chain transfers, including a wallet dormant since 2011 that moved 47.26 BTC. (Bitcoin.com) https://t.co/ND6sl5SwjA

BTC·ETH, potential maximum weekly drop after the FTX incident https://t.co/0z6aCmRGdl https://t.co/uHQp7tLZtF

WE NEED BITCOIN MORE THAN EVER - I AM STACKING MORE NOW https://t.co/EZtMyj4Jqe

Buidlers buidl @MadLads Automation is The Future. Fock it. https://t.co/hZRAfBZxeU

The last downward crossing of the power law trend was November 4, 2025, 7 months ago. Using a ±0.02 log price residual dead band to suppress insignificant crossings, Bitcoin has crossed its power-law trajectory 29 times over the daily record. The median interval between crossings is 57 days, while the mean interval is 186 days, reflecting a mixture of brief oscillations and much longer bubble and bear-market regimes. We are one month longer than the mean interval at this point. There have been four troughs of longer than 7 months' duration, the shortest of which was the 2020 trough of 357 days in length, and visually it is the closest analog for now of these four. https://t.co/8qdCoTgIsU

According to Livecoins, since the enactment of Brazil's Law No. 14.478/2022 and the Central Bank's release of new virtual asset regulations, local Bitcoin P2P traders have been facing significant operational pressure. Several interviewed P2P operators said the new rules set high thresholds for virtual asset service providers (VASP), including a minimum capital of about $2.26 million, exchange-related thresholds up to about $5.66 million, and require complex compliance, auditing, and system architecture. Industry insiders believe the rule lacks proportionality, may make it difficult for small traders to continue operating, pushing the market toward concentration among large institutions, with some independent operators possibly moving to informal channels or relocating their business to overseas regions with weaker regulation. https://t.co/7Tw7x0s2rI

Just your friendly Sunday morning reminder: bitcoin:native tapped a 53% drawdown from ATH recently... previous cycles had similar and even slightly larger drawdowns mid to late cycle while still in bull market territory. We need to seriously distinguish between a cycle retracement and a bear market reversal. The 2021 comparison is real, but incomplete. The 2021 correction cut bitcoin:native roughly 53% from around $64,000 to $30,000. Many called it the end of the bull market. Instead, BTC spent the next few months recovering and went on to print a new ATH of $69,000 by November. That's the closest historical parallel to where we are right now at a 53% drawdown.

I own zero STRC. I have never owned any STRC. I prefer Bitcoin. I have made posts about how economically stupid it is to buy STRC and use the dividends to buy Bitcoin. I still hold this opinion. STRC is not a replacement for Bitcoin. STRC is riskier than self-custodied Bitcoin. You are accepting counterparty risk by owning STRC. But if we somehow do not orange-pill the 640 million retirees in this world by next week, I would rather have them take their capital and buy STRC so it ultimately flows to Bitcoin. They get an 11.5% yield in exchange for capital that goes to Bitcoin. I would rather have them do this to A) have a better life with more income and B) stop funding the government deep-state pedophiles while getting paid one-third the amount. I do not believe STRC is competing with capital that would otherwise be sitting on a Ledger wallet. STRC is not my ideal. Bitcoin is my ideal. But STRC can improve the quality of people’s lives on a relative basis, and I prefer that over the alternative if a guy who cannot properly use a McDonald’s self-order kiosk is not mentally equipped to self-custody his wealth in an asset that routinely drops 50%. We need to be pragmatic. The Bitcoin network is a little over $1 trillion. The debt market is 300x that. Some of that capital going to Bitcoin is a great incremental win for the network, and some lives can be improved instead of the alternative: living off 4% T-bills. Hypothetically speaking, if the bond market were Trojan-horsed with STRC and it drove Bitcoin to $1 million, I think the positive network effects for Bitcoin would be staggering. Stories matter. Narrative matters. Bitcoin at $1,000,000 draws a lot of eyeballs to the network. We cannot let perfect continue to be the enemy of good. If you are allergic to this level of nuance, please do some inner reflection.

✅ 👏