🌊 Friday Bitcoin Flows

• Joachim Book writes in Bitcoin Magazine ‘In Defense of Bitcoin’s Culture’.

• South Korea’s new Crypto regulation framework - the Virtual Asset User Protection Act - has been officially approved. The laws regulate exchanges, surveillance, and other things too.

• Maxwell Tabarrok at Maximum Progress asks “What were the binding constraints on a Roman Industrial Revolution?”, and explores some interesting counter-factuals around whether Rome could have industrialized, had it figured out the production of resources or acquired certain cultural traits.

• Karthik Sankaran analyzes Trump’s pick of JD Vance as a running mate, and the potential implications their administration could have on the strength of the US dollar.

• Lydia Moynihan at the New York Post looks into how the “Bitcoin crowd” has been energized by JD Vance’s nomination.

• Robinhood wants to do “more and more things” with crypto, including tokenizing real world assets.

Sharks fed at everyone else’s expense yesterday.

Rough day for everyone yesterday, as the entire stock market continues to take a bit of a beating.

🥇BlackRock

The BlackRock freight train keeps rolling. Another 1622 BTC into the coffers ($103m).

🔻Grayscale

More Grayscale outflows too. 352 BTC ($22.5m).

🧮 Total

Net flows for Thursday was basically BlackRock minus Grayscale. Came out to +1340 BTC ($85m).

Those are the Flows this Friday.

Thanks for reading, and I’ll see you tomorrow.

— Julian