Michael @Saylor believes Bitcoin can 500x. The more interesting question is how. At @BTCPrague, we discuss whether Bitcoin’s path forward is driven primarily by adoption and savings, or by capital flowing in through global credit markets. We also tackle mNAV, concerns around dilution, and Bitcoin per share. TIMESTAMPS: 00:00 Why Michael Saylor calls this the most exciting year in Bitcoin history 2:34 Setting the record straight: why Strategy sold 32 Bitcoin 3:55 How Strategy works like a reserve bank built on Bitcoin 6:58 How the company turns Bitcoin gains into payouts - without the tax hit 9:12 Answering the short sellers 11:40 Why a better credit rating could put Strategy in the S&P 500 13:27 Saylor responds to his critics on X 14:47 The constant balancing act: chasing growth without taking on too much risk 16:22 The balance sheet explained: what the company actually owes 20:56 What “digital credit” really means, in plain terms 24:06 What it really costs to raise money 27:31 The trade-off: more Bitcoin per share vs. more risk 41:07 Why idealism alone won’t get Bitcoin there - but big money can 49:42 The “AI summer” pulling money away and when it flows back to Bitcoin

🙏 LBankers, this is my way of keeping you updated on a weekly basis. The market never stands still, and neither should we. This week was about turning momentum into real product growth, stronger market share, and broader recognition beyond crypto. Here is what we achieved: 1️⃣ PENGU Momentum Reaches Mainstream Finance 🐧 Our $500,000 Pudgy Penguins campaign continued gaining attention, with @beincrypto highlighting it as one of the key catalysts behind $PENGU’s recent surge. The story was then picked up by Yahoo Finance, bringing the LBank and Pudgy Penguins narrative in front of a much broader financial audience. For me, this is another strong signal that culture, community, and trading activity are becoming increasingly connected. 2️⃣ LBank Physical Visa Card Is Live 💳 A major product milestone this week. The LBank Physical Visa Card officially launched, allowing users to spend directly from their spot balance across the global Visa network, with Apple Pay and Google Pay support, cashback benefits, and no monthly, top-up, or FX fees. The launch also reached the front pages of both @CoinDesk and @Cointelegraph Crypto should be useful beyond the trading screen. This is another important step in that direction. 3️⃣ Market Share Grew While the Market Contracted 📈 @CryptoRank_io’s July data showed approximately $24B in LBank spot volume, with our market share increasing from 2.97% to 3.4%. That is a 14.47% increase at a time when overall spot CEX volume was sitting near a two-year low. Growing when the broader market is expanding is good. Growing share when the market contracts tells you something more. 4️⃣ Pudgy Penguins Keeps Moving Across Culture and Markets 🌍 The campaign continued through new cultural activations, including La Tomatina, while regional asset initiatives around PENGU, XRP, and TRX helped us connect content with what users are actually trading. We want these collaborations to live beyond a single announcement. The goal is to keep turning cultural attention into participation. 5️⃣ LBank Leads $NVDA Spot Market Share 🟢 Ahead of NVIDIA earnings, we expanded our NVDA trading narrative across spot and futures. According to @coingecko data, LBank held a 3.59% share of NVDA spot trading volume, ranking #1# among the major exchanges included in the comparison. TradFi on crypto rails continues to be an area we believe has significant room to grow. Another week of building. Products, market share, culture, and real-world utility are all moving forward together. Thank you to every LBanker building with us. 💛

Liftoff! @NASA astronaut Anil Menon and Roscosmos cosmonauts Pyotr Dubrov and Anna Kikina launched from Baikonur at 10:47am ET (1447 UTC) and are on their way to @Space_Station 📷:

This week Doug (@fabknowledge), Sam (@sharshe02) and Jordan (@jordannanos) discuss the OpenAI vs HuggingFace security incident and our recent article on Neocloud security ahead of ClusterMAX 3.0 Full article: 0:00 Cold Open 0:57 Neocloud Security 4:38 The Hugging Face Hack 11:47 Agent Swarm Behavior 14:47 Obliterated Models 20:37 Security as a Service 24:30 What the Data Shows 33:08 Attacker Asymmetry 40:55 Nothing Ever Happens 45:22 CMAX Audit

August marked another strong performance for LBank. 📊🚀 LBank ended the month with impressive growth: ✅ +16.5% MoM Spot volume growth ✅ 3.4% Spot market share ✅ +14.47% market share growth In stock-related assets, LBank outpaced the Top 10 average on major names such as SK Hynix, Circle, Tesla, SpaceX, and NVIDIA. Meanwhile, several gem listings delivered outstanding gains: 💎 ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 +13,579% 💎 $AI1 +12,601% 💎 solana:8TRVDZhYRUHYyrftAfxHjYnsetKFzspUp9qq31pmpump +6,889% From TradFi narratives to high-growth gems, August delivered strong results on LBank. Source: @CoinGecko #LBank# #LBankMCN# #Crypto# #Exchange# #SpotTrading# #Altcoins# #TradFi# #100xGems# #Web3#

August was a statement. 📈🔥 LBank closed the month with: 📊 +16.5% MoM Spot volume growth 📈 3.4% Spot market share 🚀 +14.47% share growth Across stocks, LBank outpaced the Top 10 average on names like SK Hynix, Circle, Tesla, SpaceX and NVIDIA. And on the gem side: $PONS +13,579% $AI1 +12,601% $NIULAI +6,889% TradFi or 100x gems, August delivered on LBank. Source: @CoinGecko