Grayscale’s recent report suggests Bitcoin’s historical pullbacks are typical, hinting at a potential price surge in 2026. The study challenges the conventional four-year cycle theory while Grayscale remains optimistic. Meanwhile, the Riksbank has released research exploring stablecoin regulation, revealing converging US and European policies. Notably, while legal frameworks allow access to central bank reserves, practical barriers remain for both regions. The report also examined key policy dimensions like issuer settlement system access, collateral use from central bank reserves, and liquidity support mechanisms. F2Pool data reveals a shift in Bitcoin mining profitability. As network difficulty remains high, older mining rigs are increasingly struggling to maintain profitability. The analysis highlights the growing efficiency gap between newer and older models, with younger machines showing resilience in current market conditions. This trend suggests an accelerated ‘stratification’ of mining machines, leading to an uneven landscape for profit-making.