Bitcoin began the week on fragile footing, hovering near $108,600 after briefly bouncing from a weekend low of $107,500. The world’s largest cryptocurrency has shed nearly 10% since mid-August, when it reached a high of $124,500. September is adding to investor unease—historically, the month has averaged nearly a 4% decline for Bitcoin since 2013, earning it the nickname “Rektember.” ETF flows reflect the shifting sentiment. U.S. spot Bitcoin exchange-traded funds logged $126 million in outflows on August 29, ending a six-week streak of steady inflows. For the month, Bitcoin products lost $751 million, a sharp reversal from the $6 billion inflows seen in July. Analysts warn that failing to hold support between $112,000 and $115,000 could open the door to a deeper slide toward $103,000. Still, underlying conviction remains. Bitcoin’s “realized capitalization”—a measure of coins priced at their last transaction value—has climbed to a record $1.05 trillion, signaling that long-term holder...

Intel ( INTC ) has become the first major test case in President Donald Trump’s plan to reshape U.S. industrial policy. The administration recently converted billions in CHIPS Act funding into an equity deal, securing a 10% government stake in the struggling chipmaker. The move marks a shift from grants to ownership—what Trump himself called, “I want a piece of the action for the American taxpayer.” For Intel, the deal underscores its importance to U.S. national security, but also its precarious position. The company has fallen behind rivals in advanced semiconductor production, even as demand for chips powering artificial intelligence and cloud computing continues to surge. Intel’s Fundamentals Still in Question Despite a +26% rally in the past month, Intel’s stock slipped -2.33% this week as investors weighed the long-term implications. Analysts remain cautious. TD Cowen reiterated a Hold rating with a $20 price target, noting Intel’s problems are “technical and competitive” rather t...