Greetings Bitcoiner,

Welcome to Issue #275 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:

• 💣 Bitcoin Dips Below $103K as Israel Bombs Iran

• 🇧🇷 Brazil Leads G20 with Historic 5% Bitcoin Reserve Bill

• 💳 Coinbase Teams Up with AmEx for Bitcoin Cashback Card

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Jun 13, 2025

TODAY’S TOP STORIES

💣 Bitcoin Dips Below $103K as Israel Bombs Iran

Bitcoin fell 3% below $103K after Israel launched airstrikes on nuclear and military targets in Iran, triggering a broader crypto selloff with Ether dropping 7.6%. $1B in long positions were liquidated as traders fled to alternative safe havens like Treasuries and gold. The geopolitical escalation indicates that Bitcoin prioritizes liquidity over serving as a hedge during acute military conflicts. Bloomberg

🇧🇷 Brazil Leads G20 with Historic 5% Bitcoin Reserve Bill

Brazil is set to become the first G20 nation to allocate up to 5% of its $370B reserves into Bitcoin through landmark legislation currently advancing in Congress. Unlike El Salvador's executive approach, Brazil's bill creates a Strategic Sovereign Bitcoin Reserve through proper legislative channels, providing robust institutional backing. This move could trigger copycat behavior among major economies and redefine global sovereign wealth management strategies. BeInCrypto

💳 Coinbase Teams Up with AmEx for Bitcoin Cashback Card

Coinbase is launching the Coinbase One Card with American Express, offering 4% Bitcoin cashback on purchases plus boosted rewards for USDC holders and Base network users. The announcement came alongside news that Coinbase plans to bring CFTC compliant perpetual futures trading to US customers, expanding beyond its current international only offering. This move follows growing competition as crypto platforms race to offer payment cards and derivatives products. CoinDesk

POLL #275

PREVIOUS POLL RESULTS

QUICK BITS

• Bitwise CEO predicts Bitcoin selling pressure will disappear once BTC crosses $130K, as early investors finish taking profits and holders seek alternative liquidity methods instead of selling.

• Trump escalates pressure on Federal Reserve Chair Jerome Powell demanding immediate rate cuts while threatening to 'force something' amid cooling inflation and declining energy prices.

• SEC withdraws over a dozen Biden era Bitcoin and crypto rules including DeFi exchange definitions and custody requirements.

• Shopify partners with Coinbase and Stripe in landmark deal to roll out USDC stablecoin payments to US and European merchants.

• French police arrest additional suspects in Bitcoin kidnapping case involving $8M ransom demand and victim mutilation outside Paris.

• Men charged with kidnapping and torturing a Bitcoin investor in NYC plead not guilty, with defense lawyers claiming the alleged victim was free to move about and appeared 'laughing and smiling' in videos.

• Mercurity Fintech, a New York based digital fintech company, announces $800M Bitcoin treasury reserve plan while pursuing Russell 2000 Index inclusion.

• Russian Ministry of Digital Development drafts a bill that proposes imposing fines on illegal miners and Bitcoin and crypto payments outside the official regulatory sandbox.

• F Street, an alternative investment and private lending firm, announces goal to accumulate $10M in bitcoin for corporate treasury using daily purchases.

• CFTC acting chair Caroline Pham warns that the Bitcoin and crypto industry won't receive lenient treatment under the Trump administration, emphasizing that regulators will continue targeting fraud.

• Remixpoint, a publicly listed energy solutions firm in Japan, purchases 55.6 BTC worth $6.2M, bringing total holdings to 981 BTC with a goal of reaching 1,000 BTC.

• Anthony Pompliano, a crypto influencer, prepares to lead ProCapBTC in raising $750M through a SPAC merger to acquire large quantities of bitcoin.

QUICK MEDIA

• SEC Chair Atkins affirms Bitcoin proof of work mining and self custody do not violate securities laws, calling self custody a foundational American value (Jun 10 | 1:40 min watch). 

• Rob Hersov, a prominent South African billionaire, advocates for South Africa to adopt Bitcoin as a strategic reserve asset and invest in Bitcoin mining to diversify the economy, hedge against inflation, create jobs, monetize renewable energy resources, and position the country as a leader in the industry (Jun 12 | 8:38 min watch). 

• ABC News explores how Bitcoin adoption in Kibera, one of Africa's largest slums, offers financial empowerment and safety benefits to unbanked residents, while experts warn about volatility risks and the need for improved financial literacy (Jun 9 | 2:21 min watch). 

• Brian Armstrong, CEO of Coinbase, in an appearance on Yahoo! Finance, argues that bitcoin will become the world's reserve currency if the US fails to control its ballooning debt situation, while announcing new business payment products (Jun 13 | 9:23 min watch).

• Coinbase releases new Bitcoin commercial showing how houses get cheaper when priced in BTC (Jun 8 | 0:30 min watch). 

• Michael Saylor, in a lengthy interview with Jordan B. Peterson, explains how Bitcoin acts as digital gold a decentralized, incorruptible store of value that protects wealth from fiat currency debasement, government manipulation, and systemic collapse while enabling long term preservation through thermodynamic and mathematical soundness (Jun 9 | 87:24 min watch).

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