Greetings Bitcoiner,

Welcome to Issue #284 of Bitcoin Breakdown, where every Tuesday and Thursday, we bring you the latest must read Bitcoin thought leadership articles and the newest tools and projects you should know about.

But first, today’s Top Stories:

• 💣 Bitcoin Shrugs Off Middle East Crisis, Pops Back Above $100K

• 🔪 Fed Kills 'Reputational Risk' Weapon Used Against Bitcoin and Crypto

• 🇨🇭 BitBox Unveils New BitBox02 Nova Wallet 🇨🇭

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Jun 24, 2025

TODAY’S TOP STORIES

💣 Bitcoin Shrugs Off Middle East Missiles, Stays Above $100K

Despite intense Iran Israel conflict escalation in June 2025, including US strikes on Iranian nuclear facilities, Bitcoin only dipped 1.27% before recovering above six figures. The orderly drawdown to $98K showed no panic selling, proving BTC's resilience during geopolitical chaos. Analysis reveals macro economic data like inflation reports and Federal Reserve decisions drive Bitcoin volatility more than military conflicts, reinforcing its role as an uncorrelated hedge. Cointelegraph

🔪 Fed Kills 'Reputational Risk' Weapon Used Against Bitcoin and Crypto

The Federal Reserve has eliminated 'reputational risk' from bank oversight, ending a tool critics say was weaponized to debank crypto firms under Operation Chokepoint 2.0. Over 30 technology and crypto companies were denied banking services after crypto friendly banks collapsed in 2023. Senator Cynthia Lummis celebrated the move, saying aggressive reputation risk policies 'assassinated American Bitcoin and digital asset businesses.’ Federal Reserve

🇨🇭 BitBox Unveils New BitBox02 Nova Wallet

Swiss hardware wallet maker BitBox has unveilled their new BitBox02 Nova hardware wallet, finally bringing iPhone and iPad compatibility through innovative Whisper Bluetooth protocol. The upgraded device features a scratch resistant glass OLED display, EAL6+ certified Secure Chip from Infineon, and new Midnight Black or Polar White colors. Available for pre order now with July shipping, Nova maintains all original BitBox02 security features while expanding platform support across all major operating systems. BitBox

POLL #284

PREVIOUS POLL RESULTS

OPINION & ANALYSIS

• Atlas21 recaps BTC Prague 2025, where 8,000 participants gathered for Europe's largest Bitcoin conference featuring speakers like Michael Saylor and Jack Mallers discussing Bitcoin AI convergence, institutional adoption, and mining democratization (Jun 23 | 3 min read).

• Cody Ellingham, host of The Transformation of Value podcast, argues that Bitcoin represents engineered money based on mathematical rules rather than state decree, contrasting Bitcoin Monetary Theory with Modern Monetary Theory to suggest Bitcoin's superior properties better match our industrial digital reality than traditional state controlled monetary systems (Jun 23 | 16 min read).

• Daniela Brozzoni, a Bitcoin developer, in a post on Delving Bitcoin, demonstrates how attackers can identify nodes operating across multiple networks by analyzing addr message timestamps, revealing that 369 out of 448 monitored node pairs likely represent the same nodes on different networks (Jun 23 | 6 min read).

• L0la L33tz of The Rage, in part 4 of a six part educational series in collaboration with Vexl, argues that governments are weaponizing FATF anti money laundering standards to silence dissent through financial censorship, targeting journalists, activists and protesters by debanking them while simultaneously attacking Bitcoin privacy to maintain total financial surveillance (Jun 23 | 2 min read).

• Will Baxter, Executive Vice President at Braiins, describes in a 𝕏 post how Texas's newly signed Strategic Bitcoin Reserve Act creates an uncapped state bitcoin fund managed by the Comptroller, positioning Texas as the first state to lead institutional bitcoin adoption without percentage limits (Jun 22 | 2 min read).

• Derek Ross, a Nostr advocate and developer, demonstrates how MKStack and AI agent Dork enable anyone to build decentralized Nostr applications through 'vibe coding' using natural language prompts instead of traditional programming methods (Jun 21 | 7 min read).

• Chaincode Labs researchers Clara Shikhelman and Anthony Milton analyze the quantum computing threat to Bitcoin, revealing that 6.51M bitcoin worth over $700B faces quantum vulnerability and proposing dual track migration strategies requiring 2 7 years to implement quantum resistant security measures (Jun 20 | 8 min read).

• Max Guise, Bitcoin Wallet Lead at Block, argues that seed phrases represent outdated security for bitcoin self custody, creating liability rather than true capability, and calls for modern solutions that match bitcoin's digital nature instead of relying on 'stone age security for space age assets' (Jun 20 | 4 min read).

• Lyn Alden, author of 'Broken Money', debunks three widespread misconceptions about US federal debt including the notion that 'we owe it to ourselves,' explains why past decades of debt concerns don't invalidate current risks, and argues against imminent dollar collapse predictions while emphasizing bitcoin's continued growth potential (Jun 19 | 21 min read).

• Andrew Kamsky of CCN explores how Bitcoin's push based payment system creates barriers for automated recurring subscriptions, requiring users to authorize each transaction while merchants cannot automatically withdraw funds, though layer 2 solutions and hybrid models offer workarounds (Jun 19 | 8 min read).

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TOOLS & PROJECTS

• New on Geyser: Code Orange Developer School is a Bali based Bitcoin education initiative that organizes technical workshops, online study cohorts, and train the trainer programs.

• New on Geyser: NakaPay is a developer first Lightning Network payment integration service that enables businesses to accept instant low fee Bitcoin payments with 0.5% fees.

• Sorted Wallet integrates Breez SDK to enable non custodial Lightning payments on feature phones and basic Android devices.

• Blitz Wallet launches self custodial zaps for Nostr users through their LNURL addresses with no KYC requirements or custodians needed.

• Primal, a popular Nostr client, launches Primal Studio, a professional publishing suite designed specifically for creators, teams, and organizations.

• Bitcoin CounterFlow releases a weekly Google Trends indicator that tracks public search interest for Bitcoin, helping traders analyze sentiment correlation with price movements and market behavior through visual data overlay.

• Private Pond is an advanced payjoin system that optimizes transaction batching for services through automated deposit withdrawal coordination and multi wallet management with configurable rebalancing rules.

• Drawing Bitcoin is an interactive visualization tool that plots BTC transaction outputs in radial distributions for real time Bitcoin block analysis and comparison.

• MCP Money is an open source Model Context Protocol server that integrates Cashu ecash wallets with Lightning Network payments and Nostr zaps for AI agents.

• Sovran is an iOS Cashu wallet integrating Bitcoin, Ecash, Lightning and Nostr to enhance user sovereignty and tackle UX challenges.

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