Is The BTC Dream Over?
Plus our top partner offer this week
Happy Monday!
We’re kicking off another week with a quick catch-up on the weekend’s must-read headlines, a look at our top partner offer, and, as always, a quiz to test your market knowledge. Let’s go.
Zoomex August Summer Airdrop
Location: Global (subject to regional restrictions)
Dates: Until August 31, 2026
Up for grabs: Up to $1,500 in rewards, plus a $100 BTC position voucher
Zoomex has launched its August Summer Airdrop, giving new users the chance to unlock up to $1,500 in rewards by completing simple onboarding tasks.
Registering and making an initial deposit of at least 1 USDT unlocks a $100 BTC position voucher, while completing KYC and futures trading milestones opens up additional cash bonuses. New users can also access exclusive Earn products offering promotional APYs of up to 666%.
What went down this weekend…
Oil Sinks as Hormuz Talks Begin
Brent crude plunged as much as 9% yesterday after Donald Trump said talks with Iran to reopen the Strait of Hormuz would begin Monday afternoon.
Oil fell from $91.03 to as low as $82.83 before recovering slightly to around $84. Trump also said he cancelled a planned US strike after regional allies and Iran urged restraint, although Iranian state media denied Tehran had made any such request.
The talks could ease pressure on global shipping and fuel prices, but markets remain wary after weeks of conflicting signals sent oil sharply in both directions.
Bitcoin Soft Fork Stalls After Wallet Flaw
Developers behind Bitcoin’s proposed BIP-110 soft fork have delayed activation after a security flaw in Coldcard wallets left some users’ funds easier to steal. At least $88.6 million has already been drained, per Onchain Lens.
The rule change would temporarily limit how much data can be stored in Bitcoin transactions, but it was already falling well short of the miner support needed to pass. Just 2.63% of blocks had signalled support, against a required threshold of 55%.
Node operators have now been told to switch back to standard Bitcoin software before the next activation phase begins, leaving the future of BIP-110 increasingly uncertain.
Trump Media Sells More Bitcoin
Trump Media has reportedly sold another 2,628 Bitcoin worth around $165 million, taking total sales to more than 7,200 BTC after building its treasury near the market’s peak.
The company has also launched Truth API, a subscription service giving institutional clients real-time access to Truth Social posts. The highest-priced plan costs $100,000 a month, more than the firm’s entire first-quarter revenue when annualised.
Around 4,260 Bitcoin remain on the balance sheet, but company filings show they’re pledged as collateral until 2028.
❓ Quick Quiz ❓
According to Social Capital founder Chamath Palihapitiya, what's the fastest way to profit from the AI boom?
A) Buying Nvidia shares
B) Accumulating Bitcoin
C) Buying land and power for data centres
D) Investing in AI startups
Monday Meme
