News Block: Bitcoin Record High, Treasury Flip-Flop on SBR, and America's First Mining Rig

In this week's episode of the Coin Stories News Block powered exclusively by Ledn, we cover these major headlines related to Bitcoin, macroeconomics, and global finance:

• Bitcoin hits $124K before a sharp pullback — what triggered it

• Treasury Secretary Bessent's comments spark confusion on U.S. Bitcoin reserve

• Norway's $1.8T wealth fund ramps up Bitcoin exposure

• Fed rate cut pressure builds, a potential tailwind for Bitcoin

• Block unveils first American-made, modular Bitcoin mining rig

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The News Block is powered exclusively by Ledn – the global leader in Bitcoin-backed loans, issuing over $9 billion in loans since 2018, and they were the first to offer proof of reserves. With Ledn, you get custody loans, no credit checks, no monthly payments, and more. My followers get .25% off their first loan! Learn more at www.ledn.io/natalie

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Read every story in the News Block with visuals and charts! Join our mailing list and subscribe to our free Bitcoin newsletter: https://thenewsblock.substack.com

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References mentioned in the episode:

• Bessent Says Government Not Buying Bitcoin
• Bitcoin Touches New All-Time High Above $124,000
• Arkham Intelligence's Estimation of Government Holdings
• Bessent Suggests Government Bitcoin Buys Possible
• Scott Bessent's Tweet on Strategic Bitcoin Reserve
• Market Giving 85% Probability of September Rate Cut
• Norway's Sovereign Wealth Increases Bitcoin Exposure
• Fed to Sunset Bank Supervision Program Around Crypto
• Caitlin Long's Tweet on End of Fed Supervision Program
• Saylor's Tweet on End of Fed Supervision Program
• Fed Shutters Its Crypto Bank Supervision Program
• Crypto Exchange Bullish Enjoys Blowout in NYSE Debut
• Bullish Shares Surge 150% in NYSE Debut
• Nakamoto & KindlyMD Close Merger to Start BTC Treasury Co.
• Gemini Announces Lead Bookrunners for IPO
• Gemini Filings Show Plans to Launch on the NASDAQ
• Bank of America Survey on Investor Bitcoin Exposure
• Steve Barbour's Thread Reviewing Block's Proto Rig
• Hashrate Index's Review on Block's New Proto Rig