Episode Details

Date: January 25, 2026
Block Height: 933,760
Moscow Time: 1,146
Fees: 1 /1 / 3

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https://bitcoinfortress.substack.com/p/the-real-market-structure-is-incentives

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• Bitcoin Fortress: A Simple Guide to Bitcoin for Beginners

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News (1/18/26-1/25/26):

1. CoinDesk — BTC slips below $88K ahead of Fed week

2. The Block — spot BTC ETFs worst outflow week since Feb 2025

3. Reuters — Strategy buys ~$2.13B BTC in eight days

4. Financial Times — Galaxy to launch ~$100M crypto hedge fund

5. Reuters — Scaramucci: volatility up, cautiously optimistic on BTC

6. CoinDesk — major U.S. crypto bill “on the move”

7. Lowenstein — Senate draft changes, CFTC authority over digital commodities

8. CoinDesk — hashrate drop / miner capitulation narrative

9. VanEck — mid-January “ChainCheck,” miners pivot toward AI demand

10. Hashrate Index — roundup + hashrate moving averages

11. Protos — Lightning two-party channel liquidity challenges (Pickhardt research)

12. The Guardian — report on Iran central bank using USDT at scale

13. Blockworks — Tether pushes back audit timeline

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