With BTC retreating from its eight-day streak of gains and MicroStrategy's most recent bitcoin splurge, CoinDesk’s Market’s Daily is back with another crypto news roundup.

This episode is sponsored by Crypto.com and Nexo.io.

Today's stories:

MicroStrategy Splurges Another $650M in Latest Bitcoin Investment 

MicroStrategy is transforming itself into corporate America's boldest bitcoin bull, now owning bitcoin worth over $1.596 billion.

Bitcoin Is a Hedge Against Inflation, but It's Also a Hedge Against 'Crazy'

For many, bitcoin is hedge against inflation. But it's also a safety play for a world where old ideas about economics are up in the air.

A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan 

Digital asset investment firm Grayscale is sucking up so much bitcoin it could sway prices.