Greetings Bitcoiner,

Welcome to Issue #263 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:

• 🕵️ Arkham Doxxes Saylor's Bitcoin Stash Against His Wishes

• 🤡 Bitcoin Conference Overrun by Altcoin Army Despite 'Bitcoin-Only' Promise

• 🇨🇳 Chinese Think Tank Caught Quietly Nodding to Bitcoin Reserves

TOGETHER WITH BLOCKSTREAM

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May 30, 2025

TODAY’S TOP STORIES

🕵️ Arkham Doxxes Saylor's Bitcoin Stash Against His Wishes

Blockchain sleuth Arkham Intelligence just exposed 87% of (Micro)Strategy's Bitcoin addresses, revealing an additional 70,816 BTC worth $7.6B and bringing total identified holdings to $54.5B. This directly contradicts Michael Saylor's recent warnings against publishing corporate wallet addresses for security reasons. Saylor had compared such practices to 'publishing addresses and phone numbers of your kids,' arguing it makes companies more vulnerable rather than providing transparency. Atlas21

🤡 Bitcoin Conference Overrun by Altcoin Army Despite 'Bitcoin-Only' Promise

Protos reports that David Bailey's Bitcoin 2025 conference in Las Vegas has become an altcoin circus despite years of promising a strictly Bitcoin-only event. The 35,000-attendee gathering featured sh!tcoiner Justin Sun promoting wrapped bitcoin, plus sponsors like SUI, Quantum Bitcoin, Frax, and dozens of other non-bitcoin projects. Even the main stage hosted altcoin endorsements, making a mockery of Bailey's 2020 pledge for 'Bitcoin, and only Bitcoin.' Oi vey. Protos

🇨🇳 Chinese Think Tank Caught Quietly Nodding to Bitcoin Reserves

Chinese state-backed International Monetary Institution has republished a report arguing that Bitcoin can serve as a hedge for central banks against the weaponization of the US dollar. The think tank noted that Bitcoin is transitioning from a speculative to a strategic reserve asset, deserving continued attention. This represents a notable policy shift from a country that ironically maintains sweeping bans on Bitcoin and crypto while developing its own central bank digital currency. Cointelegraph

POLL #263

PREVIOUS POLL RESULTS

QUICK BITS

• Panama City Mayor proposes Bitcoin-paying ships receive priority access through Panama Canal to bypass traditional queues.

• Amboss unveils Rails, a self-custodial Bitcoin service that enables companies and high-net-worth individuals to generate yield through Lightning Network liquidity provision and payment routing.

• Hyperliquid trader James Wynn suffers nearly $100M in losses as 949 BTC long positions get liquidated following Bitcoin's drop below $105,000 threshold.

• Twenty One Capital, led by Strike founder Jack Mallers and backed by Tether and SoftBank, raises additional $100M through convertible notes to reach $685M total financing for expanding its bitcoin holdings.

• Tether CEO Paolo Ardoino announces company's $2B investment in energy production and Bitcoin mining, predicting Tether will become world's largest Bitcoin miner by year-end.

• Cantor Fitzgerald, a Wall Street financial services giant, unveils Bitcoin fund with gold-backed downside protection to attract volatility-wary investors.

• New York City Mayor Eric Adams advocates for Bitcoin municipal bonds and calls to eliminate the state's costly BitLicense program at the Bitcoin 2025 conference.

• Eric Trump, son of President Donald Trump, credits (Micro)Strategy CEO Michael Saylor for inspiring the Trump family's Bitcoin and crypto ventures while predicting Bitcoin would reach $170,000 by 2026.

• Argentine President Javier Milei orders Argentina’s state-run TV station to air Tuttle Twins, the US animated series that teaches children about capitalism, inflation, and Bitcoin, after failing to shut down the channel.

• Paris Saint-Germain, French football champion and UEFA Champions League finalist, becomes first major European club in a high-tier league to adopt Bitcoin treasury reserve.

• Nigel Farage, Reform UK leader, announces his party will accept bitcoin donations, proposing legislation to cut capital gains tax and establish digital reserve at Bank of England.

• Cursor AI agent completes first fully autonomous Lightning payment on Bitrefill using Sonnet 3.7 and ZBD wallet integration for instant settlement.

• US Labor Department rescinds 2022 guidance requiring 'extreme care' for Bitcoin and crypto in 401(k) plans, restoring neutral stance on fiduciary investment decisions.

QUICK MEDIA

• Cofeezilla, a financial investigator, critiques Bitcoin's evolution from an anti-government tool to a government-endorsed commodity, analyzing how the Bitcoin 2025 conference focused on price speculation rather than original Bitcoin principles, with politicians and 'grifters' co-opting the movement for personal gain. (May 29 | 15:52 min watch). 

• Michael Saylor, in a response to a question asked by Blockware analyst, explains why he thinks proof-of-reserves is a bad idea (May 27 | 7:47 min watch).

• NBC News reports on Italian tourist's dramatic escape after 17 days of alleged kidnapping and torture by 'Crypto King' John Walls in Manhattan Bitcoin extortion case (May 27 | 3:12 min watch).

• Ross Ulbricht, recently freed from prison, addresses the Bitcoin 2025 conference to thank the community and President Trump for his release, reflecting on Bitcoin's massive growth during his incarceration and emphasizing three core principles for the future: freedom, decentralization, and unity (May 30 | 27:59 min watch). 

• Saifedean Ammous, author of 'The Bitcoin Standard', also speaking at the Bitcoin 2025 conference, argues that despite common belief, Tether's growth benefits Bitcoin more than the US dollar, as Tether's Bitcoin reserves will eventually surpass its dollar holdings while having minimal impact on America's massive debt crisis (May 30 | 14:17 min watch). 

• Get Based, a Bitcoin education channel, explores El Salvador's controversial Bitcoin experiment in a detailed short documentary, revealing how the country quietly reversed its legal tender law under IMF pressure while grassroots Bitcoin communities continue thriving (May 28 | 33:31 min watch).

MEME OF THE DAY

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