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Crypto

Bitcoin volatility falls as it moves toward \'digital gold\' track

An analysis says Bitcoin has moved onto a track toward becoming “digital gold” as its volatility has declined over the past decade. Bitwise Chief Investment Officer Matt Hougan argued that comparing Bitcoin directly with gold is inappropriate because Bitcoin is only 17 years old and far smaller by market value. He said volatility tends to fall as a digital store of value matures, and cited lower Bitcoin volatility over time and greater institutional participation after U.S. spot Bitcoin ETFs launched.

Crypto

Robinhood calls bitcoin a strategic asset, adds $25 million of BTC to balance sheet

Robinhood added $25 million worth of bitcoin to its balance sheet, describing the move as part of an asset diversification strategy. Johann Kerbrat said the company views bitcoin as a strategic asset and believes firmly in the future of crypto. The purchase is small compared with its cash and cash equivalents of $5.36 billion and stablecoin holdings of $155 million as of June 30. The company did not say whether it will make more such investments.

Industry

E-bikes grow but repairers are scarce in Europe maintenance crunch

As electric bicycles spread rapidly across Europe, a shortage of specialised mechanics is emerging as a new challenge. An ECI report forecasts the industry will need to hire about 105,000 mechanics by 2032 to meet demand and replace workers leaving the sector. The technical complexity of e-bikes and heavy-use cargo, delivery, rental and leased bikes is boosting maintenance needs. A Shimano survey found many Europeans faced high costs, long waits and limited access to repair shops, and some reduced cycling.