From Borrowed Shirts to Billions

Bitcoin's early years look surprisingly like the very first World Cup: small, improvised and still a long way from broad global adoption. What the borrowed shirts and two match balls of 1930 can teach us about a monetary network that's nowhere near done.

Bitcoin, Gold, and AI Are Approaching an Attractive Price Zone

Bitcoin is in a bear market, but its character is changing. The end appears to be coming into view. We also break down the charts for gold and AI stocks.

Unpredictable Markets

Polymarket is under fire as evidence of Bitcoin market manipulation surfaces and a lawsuit challenges the disputed settlement of one of its markets.

Bitcoin's Relative Strength Feels 'Very Grassroots'

ETFs and Strategy are selling bitcoin, yet we see relative strength. It all feels "very grassroots," says analyst Charles Edwards. This new character fits other early signals of a potential bottom forming.

The Hodlers Appear to Be Back

While Wall Street is offloading bitcoin, long-term holders are stepping back in. The hodlers appear to be back—though a true bottom is far from proven.

The Bottom Comes Into View

Price dropped to $57,700 this week—the lowest point of this bear market? Is it the bottom? Too early to say, but for the first time in this bear market, it's plausible.

Meta Steps Into a Sensitive Arena — Again

Meta is building Arena, a prediction markets app. The parallels with Libra reveal why this is politically, legally, and strategically explosive territory for a company of Meta's scale.

Convinced and Uncertain at the Same Time

Bitcoin dropped to $58,000 this week—a new bear market low. The cause? Financial market uncertainty as AI trade doubts mount, the dollar rallies, and the Fed's hawkish stance rattles investors.

Unguided Markets

Kevin Warsh wants to break with forward guidance: fewer rate hints from the Fed, more room for markets to do their own pricing. What happens when the sedative is taken away?