Greetings Bitcoiner,

Welcome to Issue #186 of Bitcoin Breakdown, where we’re bringing you your end-of-week Bitcoin Digest featuring all the need-to-know Quick Bits snippets and Quick Media.

But first, today’s Top Stories:

• 🙃 El Salvador Finalizes IMF Sell Out Deal

• 🐋 Whales Reload Amid Bitcoin Dip

• 👑 Tether CEO Touts Bitcoin’s Inevitable Crown

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Feb 28, 2025

TODAY’S TOP STORIES

🙃 El Salvador Finalizes IMF Sell Out Deal

The International Monetary Fund gave El Salvador the final approval for an immediate $113M disbursement as part of a larger $3.5B financing package over 40 months, requiring the country to restrict ‘public sector engagement in Bitcoin-related activities', which reportedly include halting Bitcoin purchases. Protos

🐋 Whales Reload Amid Bitcoin Dip

Bitcoin whales have turned bullish as on-chain data reveals a net buying trend, snapping up BTC after prices dipped below $90k. Large holders are reaccumulating, adding almost fifteen thousand tokens to their wallets. Despite Bitcoin’s latest dip, whale activity suggests long-term accumulation and a potential rally may be on the horizon. TradingView

👑 Tether CEO Touts Bitcoin’s Inevitable Crown

Tether CEO Paolo Ardoino predicts USDT will eventually fade away as collapsing fiat currencies give way to Bitcoin’s enduring supremacy. He champions Bitcoin’s resilience and necessity, highlighting its integration with the Lightning Network, minimal fees, and robust scalability. Ardoino also criticizes venture capital’s quick gain focus while emphasizing Tether’s role in growing Bitcoin’s foundational infrastructure. Atlas21

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QUICK BITS

• SEC revamps its digital asset strategy by dismissing lawsuits against Consensys and Coinbase.

• Michael Saylor classifies Bitcoin as a commodity rather than digital currency and aims to establish USD as the global digital reserve currency in discussions w/ the SEC.

• FBI confirms North Korea's TraderTraitor group as responsible for $1.5B Bybit hack.

• US Senate Digital Assets Subcommittee hearing discusses bipartisan push for clear Bitcoin and crypto regulations, focusing on stablecoin oversight, AML measures, and global standards

• China's judiciary accelerates research on legal treatment of Bitcoin and crypto-related cases amid ongoing regulatory efforts.

• Bitcoin ETFs face record $1B BTC outflow amid market volatility, hedge fund strategy shifts, and declining BTC prices.

• Rezolve, an AI company, unveils a strategy to build a $1B Bitcoin treasury.

• Texas Bitcoin Reserve Bill passes committee review and advances to the Senate, paving the way for a state-managed Bitcoin reserve initiative.

• India's Central Bureau of Investigation conducts raids across 60 locations in a crackdown on the $800M GainBitcoin Ponzi scheme.

• Fold Holdings Inc., a Bitcoin financial services company, expands its corporate treasury with a 10 BTC acquisition.

• Oklahoma’s Strategic Bitcoin Reserve Act nears House approval, allowing up to 10% of public funds in BTC to combat monetary devaluation.

• MARA Holdings posts record Q4 earnings of $214M in 2024, and expands BTC holdings to 44,893.

• Bank of America CEO Brian Moynihan leads the charge to launch a fully dollar-backed digital asset as soon as US regulations pave the way for stablecoin market growth.

• SEC clarifies memecoins aren't securities under federal securities laws but warns of fraud risks.

• Swyftx lead analyst Pav Hundal reveals how rising global M2 supply and the US debt ceiling adjustments fuel Bitcoin’s robust rally potential and cautious upward momentum.

ANOTHER NEWSLETTER TO CHECK OUT*

*You can find more here.

QUICK MEDIA

• David Sacks, White House AI & Crypto Czar, spotlights concerns over Fort Knox's gold reserve transparency and corruption in Washington (Feb 26 | 1:16 min watch). 

• Matthew Kratter of Bitcoin university addresses Bitcoin’s fair yet risky early adoption dynamics by comparing its organic growth to traditional tech investments, highlighting why late adopters benefit from its unique store of value and censorship-resistant medium (Feb 27 | 12:13 min watch).

• Sovereign Money reviews Proton Wallet, a secure, free, self-custodial Bitcoin wallet, while explaining how to send BTC via email, its end-to-end encryption and features in a detailed tutorial (Feb 28 | 18:57 min watch). 

• Billionaire Dan Morehead advocates shifting the US's $600B gold holdings to Bitcoin (Feb 27 | 0:38 min watch). 

• Ian Carroll, an OSINT journalist, explains how a lot of people are following the strategy of withdrawing retirement funds to invest in Bitcoin, despite tax implications (Feb 27 | 1:17 min watch). 

• Preston Pysh, a Bitcoin investor and podcaster, examines how advancements in quantum computing could impact Bitcoin by threatening its private key security, mining processes, and the potential for adopting quantum-resistant solutions (Feb 25 | 20:43 min watch).

• Steve Demetriou, an Ohioan representative, testifies before the Ohio House on developing a Strategic Bitcoin Reserve (Feb 27 | 2:14 min watch). 

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