
About this episode
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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News (1/18/26-1/25/26):
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Reuters — Scaramucci: volatility up, cautiously optimistic on BTC
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Lowenstein — Senate draft changes, CFTC authority over digital commodities
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VanEck — mid-January “ChainCheck,” miners pivot toward AI demand
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Protos — Lightning two-party channel liquidity challenges (Pickhardt research)
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The Guardian — report on Iran central bank using USDT at scale
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