🔎 Today’s Daily Sift: Crypto/Blockchain Crypto is learning the language of capital. Bitcoin is holding near $78,000 after gaining roughly 24 percent in August, even as renewed US and Iran tensions push oil above $90 and markets price roughly a 60 percent chance of a September Fed hike. That resilience is the first signal. The second is Strategy. On August 31, the company disclosed the purchase of 4,603 Bitcoin for $369.7 million. Strategy now owns 845,050 BTC. But it also holds a $5.1 billion dollar reserve and $1.61 billion in additional cash liquidity. Bitcoin accumulation is becoming treasury management. Then comes an even bigger structural shift. Crypto projects have spent a record $640 million buying back their own tokens this year. Hyperliquid and pump.fun account for nearly 90 percent of the total. Protocols are starting to behave like businesses. Generate revenue. Buy back supply. Create economic value for holders. But risk remains brutally crypto. Cronos ...