ROLLUP: Bitcoin’s Fork Died in 2 Blocks | Saylor Sells Again | Robinhood Chain | Fidelity Staking

August 13, 2026

AI Summary

5 min read

The Bitcoin fork that was supposed to be a civil war died in two blocks. Michael Saylor sold another 1,691 Bitcoin this week, and Robinhood’s new L2 became the top revenue-generating Ethereum rollup in its first month. Fidelity filed to stake up to 100% of its ETH ETF and pay holders a cash dividend. These are the main developments in a week where crypto markets stayed flat and boring, gold surged 14%, and the question of who decides what Bitcoin actually is got a live test that produced a clear answer.

The Bitcoin Fork That Wasn’t

On August 8th at block 961,632, Bitcoin forked. A small group of nodes enforcing BIP 110 — a soft fork designed to restrict arbitrary data on Bitcoin, effectively banning ordinals and NFTs — rejected a block mined by Antpool because it didn’t include the required signal. The fork had been planned for months by the anti-ordinal camp, led by longtime Bitcoin Core developer Luke Dashjr, who argued that allowing arbitrary data could let bad actors embed illegal content like child pornography into the blockchain, creating legal liability for node runners.

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What you'll learn

1 (00:03) **Episode Intro & Market Context** - Ryan and David set up the episode, previewing the Bitcoin fork, Michael Saylor selling, Robinhood Chain, and Fidelity staking.
2 (03:21) **CPI Data & Market Reaction** - Consumer Price Index comes in at 3.4%, meeting expectations, leading to a flat week for Bitcoin.
3 (06:00) **Gold's Surge & PBOC Liquidity** - Gold is up 14% since July 17th, driven by renewed liquidity injections from the People's Bank of China.
4 (10:48) **Bitcoin vs. Gold Ratio & Cycle Analysis** - The Bitcoin/gold ratio shows a 69% decline from its peak, suggesting a potential bottom, but buying Bitcoin now feels "early."
5 (12:00) **Michael Saylor Sells Another 1,691 Bitcoin** - Saylor's third consecutive week of selling, raising $650M in USD reserves, puts downward pressure on Bitcoin.
6 (17:34) **Market Outlook & Bottom Prediction** - David turns moderately more bearish, now 40% confident a bottom has already been hit, down from 60% two weeks ago.
7 (22:12) **Bitcoin Fork Dies in 2 Blocks** - BIP 110, an anti-ordinals fork, failed spectacularly with only 2.5% of hash power and a broken difficulty adjustment.

+ Full timestamped outline available in the app

Show Notes

Bitcoin’s latest fork died after just two blocks. Ryan and David unpack what the failure says about Bitcoin maximalism, why Saylor keeps selling BTC, Robinhood Chain’s breakout, and Fidelity’s push to bring staking yield to Wall Street.

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