# The August Trap

URL: /show/this-week-in-bitcoin/113/
> Markets cheer cooler CPI and rate-cut hopes as another energy shock builds beneath them. Meanwhile, BIP-110’s August 8 signaling deadline brings Bitcoin closer to a possible chain split.

- Show: [This Week In Bitcoin](/show/this-week-in-bitcoin/)
- Episode: 113
- Date: 2026-07-15
- Hosts: chris
- Duration: 00:58:18
- Audio: https://feeds.fountain.fm/40huHEEF6JMPGYctMuUI/items/b6DQn13fOPaSmUNVzgGV/files/AUDIO---DEFAULT---a345665c-5311-4501-9e9e-50f748c04a74.mp3


Transcripts: [application/x-subrip](https://feeds.fountain.fm/40huHEEF6JMPGYctMuUI/items/b6DQn13fOPaSmUNVzgGV/files/AUDIO---TRANSCRIPT---DEFAULT---SRT.srt)




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**Show Notes**

* [Bitcoin Rallies on Cooler Inflation](https://www.coindesk.com/tech/2026/07/15/live-markets-bitcoin-ether-etfs-draw-inflows-as-majors-rise-as-much-as-5)
* [Bitcoin Recovery Needs Fundamentals](https://cointelegraph.com/news/bitcoin-needs-no-savior-lyn-alden-strategy-216-million-btc-sale)
* [Bitcoin ETFs Lose $4.5 Billion in 2026](https://finance.yahoo.com/news/bitcoin-etfs-bleed-4-5-110745052.html)
* [Bitcoin Eyes a $63.3K Breakout](https://www.investing.com/analysis/bitcoin-needs-633k-breakout-to-prove-the-bottom-is-real-200683405)
* [BIP-110 Could Fork or Miss Activation](https://cryptobriefing.com/bip-110-fork-fail-activate-adam-back/)
* [Bitcoin Debates BIP-110 Activation](https://x.com/i/trending/2072999217547923523)
* [Bitcoin Node Surge Raises Manipulation Claims](https://cryptoslate.com/power-struggle-hits-bitcoin-network-over-anti-spam-proposal-with-claims-of-faked-node-support/)
* [White House Plans CLARITY Act Meeting](https://www.coindesk.com/policy/2026/07/15/high-level-white-house-meeting-said-to-be-planned-to-hash-out-clarity-act-ethics-section)
* [Fed Races to Release Stablecoin Rules](https://www.barrons.com/livecoverage/fed-kevin-warsh-congress-testimony/card/fed-racing-to-release-stablecoin-rules-NO4hQNFK01hHRF8t9jpV)
* [Bitcoin Standard Treasury Merger Update](https://www.businesswire.com/news/home/20260708171203/en/Cantor-Equity-Partners-I-Inc.-and-Bitcoin-Standard-Treasury-Company-Provide-Update-on-Proposed-Business-Combination)
* [Warsh Rejects Crypto Bailouts](https://cryptobriefing.com/kevin-warsh-fed-no-crypto-bailout/)
* [June CPI Comes in Surprisingly Cool](https://www.investors.com/news/cpi-inflation-june-federal-reserve-warsh-testimony-oil-prices-sp-500/)
* [Warsh Responds to Cooler CPI](https://www.nytimes.com/2026/07/14/business/economy/warsh-fed-cpi-inflation.html)
* [Warsh and Inflation Set the July Fed Tone](https://www.bloomberg.com/news/articles/2026-07-11/warsh-and-us-inflation-will-set-tone-for-july-fed-decision)
* [Alternative Inflation Signals Facing the Fed](https://www.cnbc.com/2026/07/01/warsh-faces-multiple-alternative-inflation-signs-as-fed-charts-new-course.html)
* [Why Warsh Prefers Trimmed-Mean Inflation](https://www.brookings.edu/articles/what-are-trimmed-mean-and-median-inflation-rates-and-why-does-kevin-warsh-prefer-them/)
* [Fed Rate Fight Could Drag On](https://www.cnbc.com/2026/07/08/with-minutes-due-feds-family-fight-over-interest-rates-could-drag-on.html)
* [Five Takeaways From Warsh’s Testimony](https://www.investopedia.com/5-takeaways-from-fed-chair-warsh-s-testimony-to-congress-12018900)
* [Warsh Promises a Fed Policy Regime Change](https://www.cnbc.com/2026/07/14/warsh-promises-inflation-will-be-a-thing-of-the-past-cites-benefits-of-ai-investment-boom.html)
* [Warsh Calls for New Thinking at the Fed](https://www.marketwatch.com/livecoverage/feds-warsh-testifies-congress-first-time-with-inflation-high/card/warsh-says-fed-is-getting-a-sea-change-in-new-thinking--HoAy43ilqD3TKxVMqL0N)
* [Warsh Says the Fed Has No Inflation Tolerance](https://www.wsj.com/economy/central-banking/warsh-tells-congress-the-fed-has-no-tolerance-for-high-inflation-50c5dfa8)
* [Warsh’s Monetary Policy Testimony](https://www.federalreserve.gov/newsevents/testimony/warsh20260714a.htm)
* [Warsh House Testimony Coverage](https://www.americanbanker.com/live-blog/fed-chair-warsh-delivers-house-testimony-live-coverage)
* [Watch Warsh’s House Testimony](https://www.pbs.org/newshour/politics/watch-live-fed-chair-kevin-warsh-testifies-on-monetary-policy-in-house-hearing)
* [Lawmakers Question Warsh on Inflation](https://www.cbsnews.com/video/lawmakers-question-fed-chair-kevin-warsh-on-economic-outlook-june-inflation/)
* [Warsh’s Written Senate Responses](https://www.banking.senate.gov/imo/media/doc/bhua_dems_combined_qfr_responses_from_warsh.pdf)
* [Waters Criticizes Trump’s Federal Reserve](https://democrats-financialservices.house.gov/news/documentsingle.aspx?DocumentID=414158)
* [Warsh Says He Won’t Do Trump’s Bidding](https://www.nytimes.com/live/2026/04/21/business/kevin-warsh-fed-chair-hearing)
* [Inflation Reports Set Up a Busy Week](https://www.usnews.com/news/national-news/articles/2026-07-13/lindsey-grahams-death-inflation-reports-portend-busy-week-ahead)
* [Economy Slows as Rate Hikes Take Hold](https://www.foxbusiness.com/video/6328313439112)
* [Oil Surges as U.S.–Iran Attacks Escalate](https://www.reuters.com/business/energy/oil-climbs-one-month-high-us-iran-step-up-attacks-strait-hormuz-2026-07-14/)
* [Trump Reimposes the Iran Blockade](https://www.wsj.com/world/middle-east/u-s-strikes-new-targets-after-iran-rejects-demand-to-open-hormuz-b1f167d0)
* [Trump Announces Strait of Hormuz Toll](https://www.telegraph.co.uk/world-news/2026/07/13/iran-us-war-latest-news-trump-strikes-strait-of-hormuz-irgc/)
* [Strategic Petroleum Reserve Nears Breaking Point](https://www.wsj.com/business/energy-oil/frequent-oil-draws-from-u-s-strategic-reserve-push-old-system-to-breaking-point-7fb8c421)
* [U.S. Crude Inventories Fall 1.7 Million Barrels](https://breakingthenews.net/Article/EIA:-US-crude-inventories-down-by-1.7M-barrels/66704519)
* [Bitdeer Plans Nevada Manufacturing Facility](https://ir.bitdeer.com/news-releases/news-release-details/bitdeer-open-36-million-advanced-tech-manufacturing-facility)
* [Ethereum Foundation Shakeup Timeline](https://www.coindesk.com/tech/2026/07/15/a-timeline-of-the-ethereum-foundation-s-ongoing-shakeup)
* [Fed Governor Barr on AI and Labor](https://www.federalreserve.gov/newsevents/speech/barr20260217a.htm)
* [Warsh Says AI Is Reshaping the Economy](https://www.meritalk.com/articles/federal-reserve-nominee-warsh-says-ai-is-reshaping-the-economy/)
* [Is the AI Boom Misallocating Capital?](https://247wallst.com/investing/2026/07/12/chamath-palihapitiya-says-the-ai-boom-may-be-hiding-biggest-capital-allocation-mistake-in-history/)

**Music:**

* [Rules Without Rulers By: Richard](https://podcastindex.org/podcast/6574997)