ByteBrief
We're a portrait publication through and through. Turn your phone back and your briefing picks up right where you left it.
(We tried widescreen once. It wasn't us.)

Bitcoin's capital efficiency has fallen sharply across cycles. This cycle required $697 billion for a 689% gain, versus $2.8 billion for 55,000% in 2011. CryptoQuant data shows another parabolic run would need over $1 trillion in fresh institutional capital. Recent ETF outflows and bitcoin's $1.2 trillion market cap make such flows uncertain.
Tap to vote and see what everyone thinks.
Summary by ByteBrief