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  • Iranian Bank Wiped By Hackers 🇮🇷, Spanish Giant Tells Clients Stack Sats 🇪🇸, Chinese Mining Giants Flee To The US 🏃

Iranian Bank Wiped By Hackers 🇮🇷, Spanish Giant Tells Clients Stack Sats 🇪🇸, Chinese Mining Giants Flee To The US 🏃

Read issue #279 of the Bitcoin-only daily newsletter with the highest signal-to-noise ratio in the industry.

Author

Naiw Nakamoto
June 18, 2025 • Reading Time: 10 minutes

Together with

Greetings Bitcoiner,

Welcome to Issue #279 of Bitcoin Breakdown, where we are stoked to introduce our brand new referral campaign in partnership with Oshi!

If you successfully refer a friend, then BOTH you and them will receive 2000 sats (0.00002 BTC) directly FOR FREE! More details below.

But first, today’s Top Stories:

  • 🇮🇷 Iranian Bank Wiped By Hackers as TradFi Trembles

  • 🇪🇸 Spanish Banking Giant Tells Clients to Stack Sats

  • 🏭 Chinese Bitcoin Rig Giants Set Up Shop in America

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REFERRAL PROGRAMME TOGETHER W/ OSHI*

ORANGE PILL A FRIEND,

STACK 2000 SATS EACH FOR FREE

When your buddy actually reads, you both get paid.

  1. Share your unique link: https://www.btcbreakdown.com/subscribe?ref=PLACEHOLDER&utm_source=BTCPLACEHOLDER (need to be subscribed and logged in to see your unique link)

  2. New subscriber joins and optimally engages by opening ≥ 50% of issues received and making 2 unique link clicks within 15 days.

  3. Boom: 2000 sats to you and them. We’ll automatically email both of you the moment it lands.

*T&Cs: One real human ↔ one inbox. Duplicate or bot sign ups = nuke & lose sats. Fraud flags void payouts. We may adjust rewards if a God candle melts charts. Max 100 referrals per individual. Questions? Hit [email protected]. Ready? Copy, paste, orange pill, stack sats. 🚀

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Jun 18, 2025

TODAY’S TOP STORIES

🇮🇷 Iranian Bank Wiped By Hackers as TradFi Trembles

Suspected Israeli hackers 'Predatory Sparrow' reportedly wiped Iran's state owned Bank Sepah, exposing traditional finance's shocking vulnerability. This devastating cyberattack completely erased customers’ data, highlighting the critical insecurity of centralized banking. In stark contrast, the Bitcoin network stands as a robust, decentralized shield, highlighting how self custody of BTC is paramount for true financial sovereignty. As old systems face novel threats like complete data erasure, Bitcoin offers resilient, permissionless money you actually own and control. Reuters

🇪🇸 Spanish Banking Giant Tells Clients to Stack Sats

Spanish banking giant BBVA is now advising wealthy private clients to allocate 3% to 7% of their portfolios to Bitcoin or crypto, based on risk tolerance. This makes BBVA one of the first major global banks to actively recommend Bitcoin investments rather than just executing client requests. BBVA joins JPMorgan Chase in embracing the Bitcoin wave, as traditional banks scramble to serve crypto hungry clients amid soaring prices. PYMNTS

🏭 Chinese Bitcoin Rig Giants Set Up Shop in America

The world's three largest bitcoin mining machine makers (Bitmain, Canaan, and MicroBT) are establishing US manufacturing operations to dodge Trump's tariffs. These Chinese firms control over 90% of the global mining rig market worth $12B by 2028. While the move shields them from trade war impacts, it raises security concerns about Chinese hardware dominating America's Bitcoin infrastructure, creating potential supply chain vulnerabilities. Reuters

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POLL #279

Are Chinese-owned Bitcoin mining giants setting up in the US a security threat?

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PREVIOUS POLL RESULTS

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OPSEC FEATURE ARTICLE

opsec article

Every year, street crooks strip travelers of watches, phones, and more recently seed phrases worth fortunes.

Most victims never see the move coming because they telegraph weakness long before a knife or demand appears.

This week’s OPSEC feature article focuses on a handful of mindset shifts and micro behaviors that can make you look like the wrong target from the moment you step off the plane.

Get instant access to this special feature by becoming a premium supporter here.

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QUICK BITS

  • US Senate passes the GENIUS Act 68 30, creating America's first comprehensive stablecoin framework requiring dollar backed reserves and federal licensing.

  • Truth Social, Donald Trump's social media platform, files S 1 with SEC for dual Bitcoin and Ether ETF using Crypto dot com for custody services.

  • Thailand eliminates capital gains taxes on Bitcoin and crypto profits through 2029, aiming to transform Thailand into a global digital finance powerhouse.

  • Bitcoin Knots, an alternative Bitcoin client, now powers 12% of network nodes as users protest Bitcoin Core's controversial decision to eliminate OP_RETURN data limits in upcoming October 2025 release.

  • (Micro)Strategy exclusively uses preferred shares instead of common stock for the third consecutive week to purchase BTC amid growing criticism over the company's stock premium.

  • Whale Alert, a blockchain sleuth, tracks $230M in Bitcoin transfers to Coinbase Institutional as mid term holders cash out profits while long term investors continue accumulating BTC.

  • Davis Commodities Limited, a Singapore based agricultural commodity trading company, plans to buy $12M worth of BTC for its treasury.

  • Universal Digital Inc, a Canadian publicly traded company, launches Bitcoin treasury strategy to reallocate altcoin holdings into BTC reserves.

  • Smarter Web Company, a UK based web design and digital services firm, raises £29.3M through institutional funding to expand its Bitcoin treasury strategy, more than doubling its previous fundraising round.

  • Fold, a publicly traded Bitcoin financial services firm, plans to raise $250M through stock sales to purchase more BTC for its corporate treasury.

  • BitMine, a Bitcoin focused technology company, completes a $16.3M BTC purchase using proceeds from a recent stock offering, bringing total treasury holdings to 154.167 BTC.

  • AgriFORCE, an agricultural firm, launches a Bitcoin mining site in Alberta to mine bitcoin using stranded natural gas as an energy source, with plans of expansion to 1 EH/s by Q1 2026.

  • The Blockchain Group, Europe’s first Bitcoin treasury company, plans to raise $8.3M through new share issuance as part of its $342M program to expand Bitcoin holdings.

  • Genius Group, a Singapore based education company, expands Bitcoin treasury by 52% to 100 BTC worth over $10M after favorable court ruling lifts investment ban.

  • DDC Enterprise, an Asian NYSE listed food company, announces a capital raise up to $528M from institutional investors including Anson Funds and Animoca Brands to establish a Bitcoin treasury.

  • Russian authorities bust a mining operation that was using 95 rigs hidden in a KamAZ truck, draining village power supply in Buryatia Republic.

  • Brad Mills, an early Bitcoin adopter, predicts BTC could experience another 100X price surge over the next 10 20 years, driven by institutional adoption, halving induced scarcity, and the emerging US Strategic Bitcoin Reserve policy shift.

  • Bitcoin miners face mounting challenges as transaction fee rewards drop to lowest levels since 2022, representing less than 1% of total block rewards despite BTC trading above $100K.

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