Whales are accumulating #Bitcoin like never seen before.

ICYMI: ⛏ Bitcoin miner MARA purchased $100M worth of #Bitcoin, bringing their holdings to +20K #BTC, and adopts a HODL strategy, retaining all mined #Bitcoin and making periodic strategic purchases 🙌

How Governments Can Easily Kill Bitcoin

by Matthew R. Kratter

spoiler alert they can't and won't

It’s all going to zero against #Bitcoin 📉

There is no second best.

NEW: 📺 Fox Business says Michael Saylor's MicroStrategy "is outperforming everything" since they adopted #Bitcoin

"It's crushed everything." 🔥

NEW: 🟠 CNBC on Morgan Stanley allowing their advisors to pitch clients #Bitcoin ETFs: "It's only going to be a matter of time before it gets more traction" 🚀

FULL: 🟠 Bitcoin park fireside: SAYLOR X ODELL 🎙

Quantitative Hardening

by Lucho Poletti

🚀 Big money is flowing back into Bitcoin! On August 8th, spot Bitcoin ETFs saw massive inflows of $192.5M, pushing BTC back above $60K after dipping below $50K earlier this week. 📈

📰 https://btctimes.com/spot-bitcoin-etfs-record-highest-inflows-in-the-last-two-weeks/

📣 https://x.com/btc/status/1822017359667671117

🇺🇸 RFK Jr: "They can just print money without asking anyone's permission, which is why we have wars."

Opt-out with #Bitcoin.

When your friend asks you for the 69th time “is now a good time to buy #bitcoin or do you think it will go lower?”

This happened just a few days ago. Volatility favors long-term holders.

Those who can take the opportunity to stack do it.

Volatility is a feature, not a bug.

🟠 Max Keiser's full speech delivered for Bitcoin Veterans while at the Bitcoin Conference 👀

Adam Back on hodling Bitcoin

⚖️ Tether contests Celsius Network’s $2.4B lawsuit, asserting it acted properly in a 2022 loan deal, following Celsius' instructions during Bitcoin's drop.

📰 https://btctimes.com/tether-responds-to-2-4-billion-lawsuit-filed-by-celsius-network/

📣 https://x.com/btc/status/1822315896053940275

Germany dumping, Mtgox coins, US government selling, recession, ww3, panic selling

bitcoiners are a different breed

🚨 Gather around anons, it's time to expose Celsius 🍿

In 2022, Tether made available USDt to some of its customers – including Celsius.

Tether's arrangements with customers are very simple: Tether provides USDt to selected customers who provide an overcollateralization in Bitcoin.

If the price of bitcoin (the collateral) falls below the margin call price, then the borrower needs to send more collateral. If more collateral is not sent, Tether has the right to liquidate the customer’s position.

Simple.

In 2022 the world discovered that, while almost every player in the crypto industry was lending to its customers while requiring just a pinky swear as collateral, Tether required overcollateralization with sound assets (e.g., Bitcoin).

This is how Tether provides unparalleled risk management.

In June 2022, when Bitcoin price declined, Celsius instructed Tether to sell the Bitcoin that Tether held as collateral. Tether was able to liquidate those Bitcoin and return the excess to Celsius (and disclosed transparently the action at that time tether.io/news/tether-di… ). Showing the quality of Tether's risk management and liquidity.

Now, more than two years later, this baseless lawsuit is trying to claim that we should give back the bitcoin that were sold to cover Celsius’ position.

Absurd.

This lawsuit will be fought till the end. It's important to set an example on behalf of the entire industry that shameless money grabs will not work.

When it comes to the safety of USDt users, without doubt our main priority and duty, Tether group has equity of nearly $12 billion (as recently announced tether.io/news/tether-q2… ) . Even in the most remote scenario in which this baseless lawsuit will get somewhere, USDt token holders will not be impacted.

h/t Paolo Ardoino