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Cryptocurrency

Report Debunks Bitcoin ‘Safe Haven’ Narrative, Highlights Diversification Role

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As Bitcoin (BTC) finally breaches the $100,000 mark following weeks of teasing, a new report from RedStone is challenging one of crypto’s most repeated mantras: BTC is a safe-haven asset similar to gold.

The data-backed analysis shared with CryptoPotato suggested that Bitcoin’s best role is not as a protective hedge against inflation, but as a dynamic portfolio diversifier.

The Case Against BTC as a Safe Haven

RedStone’s report unpacks a year’s worth of correlation data between Bitcoin and the S&P 500 using 30-day trailing windows. While occasional negative associations did occur during short 7-day windows, fueling the chatter of Bitcoin’s decoupling from equities, the broader picture is far more nuanced.

According to the oracle provider, linkage values fluctuated between -0.2 and 0.4, which is far from the strong negative link below -0.3 needed to qualify BTC as a true hedge. Despite the periods of independence influenced by “market noise,” there was no sustained inverse relationship to justify the “hedge” label.

The study suggests that Bitcoin’s value lies in uncorrelated rather than anti-correlated behavior. Unlike bonds or gold, which often rise when equities fall, Bitcoin marches to its own drumbeat. According to RedStone’s analysis, this makes the world’s largest cryptocurrency by market cap a useful portfolio diversifier but an unreliable hedge against market crashes.

Market Implications

The firm identified two main implications for market participants. First, BTC’s low to moderate interconnection with stocks can improve risk-adjusted returns, but won’t consistently protect against market downturns.

Second, investors should be wary of short-term narratives. While Bitcoin may move independently of equities sometimes, such phases tend to be temporary, making it risky to over-allocate based on fleeting correlation shifts.

“If Bitcoin truly transitions to being treated as a safe-haven, risk-off asset, we’d witness the most profound asset narrative transformation in modern financial history,” noted Marcin Kazmierczak, RedStone’s co-founder & COO. “I believe that’s possible. But definitely not in such a short timespan as crypto believers would like it to be.”

Meanwhile, the price of BTC is commanding headlines after surging over 33% in the past month. At the time of this writing, the flagship cryptocurrency was trading around $103,577, up 4.1% in the last 24 hours per CoinGecko.

But despite the bullish momentum, it still lagged behind the broader crypto sector, with its 7.4% pump across the week failing to match the rest of the crypto market’s 8.8% seven-day rise.

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Cryptocurrency

Capital B Acquires 126 BTC, Total Holdings Top 2,200

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The data & AI technology consulting company, now turned to treasury, has released a financial statement showcasing its most recent Bitcoin procurement.

Meanwhile, the crypto asset posted some gains over the weekend and, at the time of writing, is still riding the bullish wave.

The Acquisition

Listed on the Euronext Growth Paris ($ALCPB), Capital B (formerly the Blockchain Group), announced its most recent purchase via a press release earlier today.

The 126 bitcoins were purchased for approximately €12.4 million (~$ 14.4 M), bringing their total stash to 2,201, with an average purchase price of $106,770 per coin.

This aligns with their plan to have 3,000 BTC by the end of fiscal 2025, which falls on September 27th this year, and their overall goal of owning 1% of all Bitcoin by 2033. They started the acquisitions in early November last year and have achieved a Bitcoin yield of 1,519.5% year-to-date (YTD).

This is a metric that tracks the percentage change in the ratio of total BTC holdings to fully
diluted shares outstanding over a given period, or simply put, how much more of the asset is owned per potential share of stock.

They are currently ranked 24th on Bitcoin Treasuries, neck-and-neck with HIVE Digital Technologies, which also holds 2,201 BTC, and behind the 2,353 BTC that Microcloud Hologram currently holds.

Bitcoin Outlook

The largest cryptocurrency by market capitalization had a green Sunday, opening at $116,490 and closing the day at $119,310, representing a 2.42% increase. The wave continues into Monday, and at press time, the asset remains on the rise.

An interesting week is ahead of us, as per the US economic calendar, with CPI and PPI data being released, along with several other key indicators.

Bitcoin, like other volatile assets, tends to react to macroeconomic data, so its price could fluctuate depending on the numbers. The highly anticipated Fed meeting is also approaching, with just over a month to go until we hear whether a rate cut will be announced, which is another potential catalyst for price moves.

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Cryptocurrency

A Modest One: Saylor’s Strategy Buys 155 BTC for $18 Million

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Strategy – the company founded by Michael Saylor – rarely skips a Monday without announcing a crypto purchase.

Today was no exception as the company revealed it had acquired the modest (for its standards) 155 BTC for roughly $18 million. The average price of the deal was around $116,401 per coin.

Over the past few months, the company has announced several more impressive deals. Towards the end of June, it bought 4,980 BTC for over $530 million, while a few weeks prior, it stunned the community with a multi-billion-dollar purchase. 

Strategy has achieved a BTC yield of 25% YTD 2025. It is the world’s biggest corporate holder of the primary cryptocurrency, and currently it has 628,946 BTC bought for approximately $46.09 billion.

Due to the price increase of the asset, the current value of the holdings now exceeds $75 billion, meaning the company is sitting on a paper profit of almost $30 billion. 

It is worth mentioning that Strategy began accumulating BTC exactly five years ago. Its initial purchase included 21,000 coins, valued at around $250 million. 

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Ethereum Dev Says Turkish Authorities Accused Him of Helping Others Misuse Ethereum

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An Ethereum developer pseudonymously known as “Fede’s Intern” claims to have been detained in Izmir, Turkey.

Authorities accuse him of helping others “misuse” the ETH blockchain network, a charge he strongly denies.

“Very Troubling”

The Argentinian developer, who focuses on ZK and Ethereum projects, said Turkey’s Minister of Interior accused him of facilitating Ethereum misuse and that he was confined to a room.

In posts on social media platform X, he maintained that he and his associates are “just infra builders” working transparently and in the open. Their business operations span more than a dozen industries across Europe and collaborations with governments.

He is linked to projects including Lambda Class and Aligned. According to his account, local authorities told his lawyer he could face charges, which prompted him to limit public comments and urge followers to contact associates who could speak on his behalf.

He claimed to have engaged senior contacts in over 10 countries, including the US, UAE, and various Asian nations, while friends from multiple jurisdictions have contacted Turkish officials.

Fede’s Intern expressed readiness to cooperate with Turkish authorities or any government, while asserting that neither he nor his companies were involved in illicit activity. He also added that he might soon contest the allegations from abroad. His latest update reads:

“I couldn’t leave yet. In theory in 3 hours I’m out. Once I land in Europe I will explain everything we know. Thanks for everyone helping me get out of here. They wanted to take my phone since they considered it a security risk but thanks to some friends calls they didn’t.”

Bankless co-founder Ryan Sean Adams called the situation “very troubling.” He noted that the story was still developing and questioned the optics for the Ethereum community, especially with Istanbul having been floated as a potential location for DevCon 2026.

Compliance and AML Vigilance

Turkey has significantly tightened oversight of its crypto sector. For instance, tougher Anti-Money Laundering (AML) rules came into effect on February 25, 2025. As such, all crypto transactions of more than 15,000 TRY would need user identification, and providers can curb or halt transactions deemed “risky.”

The Capital Markets Board (CMB) was given authority over crypto asset service providers (CASPs), including exchanges, custodians, and wallet services.

Since March 13, 2025, operators must obtain a license, meet capital requirements, which are around $4.1 million for exchanges, $13.7 million for custodians. In addition to that, operators must also integrate risk-management and compliance infrastructure, and submit frequent audits and transaction reports.

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