The 11 US based Bitcoin ETF’s added just shy of 21,000 BTC during first 4 trading days of this week. 🚀

Don’t let Bitcoin get hot 🔥

The 11 US Based Bitcoin ETF’s have started accumulating in aggregate again over the past 7+ weeks. The ETF’s still need to add approximately 155,000 coins to return to the previous aggregate all-time high of around 1.39 million coins.

This impressive rally seems to be hitting resistance at $73k.

Shorts absolutely wrecked. Is the 2026 Bear Market officially over? 🚀

Perhaps my favorite poem…read so well by Sir Michael Cain.

Block 961,642 has been reached. Tick tock next block.

“Yesterday I was clever, so I wanted to change the world. Today I'm wise, so I'm changing myself.” - Rumi

Senate delays Clarity Act until after summer recess. Suits stymied…for now.

In the wake of the Coldcard disaster, I’ve been looking into Bitkey as a possible self-custody option. Here is what an associate passed along when I inquired about how entropy is derived with a Bitkey… Bitkey doesn't use a single seed phrase to protect your wallet. Instead, it's a 2-of-3 multisignature wallet, which means your funds are protected by three independently generated keys—one on your phone, one on your Bitkey hardware device, and one in our server-side secure module (WSM). No single key can move funds on its own. Each key is generated locally on its own device using a cryptographically secure random number generator, with no shared or coordinated knowledge. The entropy protecting your wallet comes from the combination of three independent sources. The App Key is derived from a 256-bit seed generated by your phone's operating system cryptographic random number generator. The Hardware Key is generated entirely on your Bitkey device from a 256-bit seed produced by the hardware true random number generator (TRNG) inside the secure element. That seed never leaves the secure element. The Server Key is generated inside an AWS Nitro secure enclave from a 512-bit master seed produced by the enclave's cryptographic random number generator. Because Bitkey is open source, you can review the implementation yourself here:

GitHub

GitHub - proto-at-block/bitkey: Bitkey is a self-custody bitcoin wallet with an app, hardware, and recovery tools.

Bitkey is a self-custody bitcoin wallet with an app, hardware, and recovery tools. - proto-at-block/bitkey

Challenging times like this help reveal the “real ones”. Rob Hamilton appears to me to be one of them.

If you are interested in a Bitkey, they are having a 15% off sale currently with free expedited next day shipping. And if you go to Bitkey.world/truth and apply the coupon code “truth” at checkout you will receive an additional 10% off. This is not my affiliate link, and I don’t benefit at all from passing this info along.

Two thoughts now that the dust is starting to settle… First, a properly generated 24 word seed phrase is as safe as it has ever been. This was solely a Coldcard firmware issue. Second, NVK and Coldcard are an absolute disgrace.

I don’t see how NVK and CoinKite come back from this.

Some things are overblown. This isn’t one of those things. Bad. Really bad.

Between Clarity Act being put on hold by the Senate and the far east markets crashing Bitcoin is taking it in the shorts today. Happy stacking fellow plebs