Greetings Bitcoiner,

Welcome to Issue #357 of Bitcoin Breakdown, where we are DOUBLING your referral reward for both you & your friend to 4,000 sats each!

Share your unique link: https://www.btcbreakdown.com/subscribe?ref=PLACEHOLDER&utm_source=BTCPLACEHOLDER

When your buddy actually reads, you both get paid directly in bitcoin!

Now for for this week’s OPSEC special. But first, today’s Top Stories:

• ⚔️ Bitcoin Knots Surges to 25% of Nodes in Spam Wars

• 🏴‍☠️ Canada Allegedly Seizes $32M from Privacy Exchange

• 🇨🇳 China's Biggest Bitcoin Treasury Eyes $500M Stock Sale for More BTC

TOGETHER WITH PROTON MAIL

Proton Mail 40% OFF, Ditch Gmail for Private Email

You want private email without ads or tracking. Proton Mail gives you end-to-end encryption and zero-access encryption, so only you read your messages. Not even Proton reads them.

Why switch today:

• One of the world’s most popular encrypted email services

• Protected by Swiss privacy laws

• A trusted Gmail / Outlook alternative — without ads or tracking

• Easy freemium entry point with strong upgrade potential

Sep 17, 2025

TODAY’S TOP STORIES

⚔️ Bitcoin Knots Surges to 25% of Nodes in Spam Wars

Bitcoin Knots has exploded to 25% of all public Bitcoin nodes, jumping 47% in just days as disgruntled users revolt against Bitcoin Core's plan to lift data embedding limits. This ideological battle echoes 2017's block size wars, with Knots supporters fearing blockchain bloat while Core advocates embrace transaction freedom. The October release of Core version 30 could trigger a chain split if compatibility breaks down. As more people switch to Knots, it’s not just a sign of frustration with Core but also a desire for alternatives. Some see this as decentralization; others see it as fragmentation. Bitcoin News

🏴‍☠️ Canada Allegedly Seizes $32M from Privacy Exchange

TradeOgre, a popular non-KYC exchange favored by Monero users, went dark in July before mysteriously moving $32M in Bitcoin and Ethireum this week. Blockchain messages claim the Royal Canadian Mounted Police seized the funds, though it's unclear if this represents an official government seizure or an elaborate exit scam blaming Canadian authorities. Either way, millions of users' funds have vanished from the custodial exchange that required only an email to register. NYKNYC. The Rage

🇨🇳 China's Biggest Bitcoin Treasury Eyes $500M Stock Sale for More BTC

Next Technology Holding, China's largest corporate Bitcoin treasury firm, filed to sell up to $500M in stock to buy more Bitcoin. The company currently holds 5,833 BTC worth $671M, making it the 15th largest Bitcoin treasury firm globally. If half the proceeds go toward Bitcoin purchases, Next Technology could add another 2,170 BTC to its stack, joining 190 publicly listed companies now holding over 1M Bitcoin combined. Cointelegraph

POLL #357

PREVIOUS POLL RESULTS

OPSEC FEATURE ARTICLE

The Adversarial Mindset Playbook for Bitcoiners, With Real Solutions You Will Use

You hold a bearer asset with no helpline.

Your threat model is not theory; it is daily life.

This week’s OPSEC feature article gives you the mindset and the moves to stay a step ahead.

You will harden your keys, your devices, your home, and your habits.

You will adopt tools that reduce the attack surface.

You will practice until the response becomes automatic.

The result is quiet confidence. No drama. No flex. Only control.

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

QUICK BITS

• Bitcoin's volatility compresses to historic lows, with negative funding rates and seasonal trends suggesting an imminent Q4 breakout.

• Fidelity, a leading asset management firm, projects Bitcoin's illiquid supply could reach 8.3M BTC by 2032 as long-term holders and corporate treasuries continue accumulating, potentially tightening market supply and boosting price dynamics.

• Bitcoin Core developers slash default minimum relay fees by 90% to 0.1 sat/vB in version 29.1, making transactions cheaper while maintaining network protection against spam attacks.

• Jack Dorsey mobilizes Square's user base to push Bitcoin adoption by encouraging customers to request BTC payment options from merchants.

• US & UK announce a crypto cooperation deal as Chancellor Rachel Reeves and Treasury Secretary Scott Bessent forge a transatlantic partnership.

• Standard Chartered warns that Bitcoin treasury companies face collapse as market valuations plummet below critical thresholds, with only the strongest firms expected to survive.

• GD Culture Group, a Nasdaq-listed livestreaming and e-commerce company using AI to create fake people, sees shares plunge 28% after announcing a $875M Bitcoin acquisition deal through a stock swap with Pallas Capital.

• Hyperscale Data, a Las Vegas-based data center operator, announces a $100M Bitcoin treasury strategy while expanding its Michigan campus from 30 MW to 340 MW for AI operations.

• Strategy adds 525 BTC worth $60.2M to its bitcoin treasury, bringing total holdings to 638,985 BTC.

• France's securities regulator considers blocking EU crypto license passporting over MiCA regulation enforcement gaps, warning against regulatory arbitrage.

• Mullvad, a VPN provider, introduces QUIC-based WireGuard obfuscation technology to help users bypass internet censorship and VPN blocks by disguising traffic as normal web browsing.

• KindlyMD CEO David Bailey encourages short-term traders to exit as healthcare-turned-Bitcoin treasury company's shares plummet 55% following a $200M private investment deal announcement.

• Invesco, a global investment management company, cuts its Physical Bitcoin ETP fees to 0.10% through December 2026, undercutting BlackRock and WisdomTree's 0.15% rates in escalating price competition.

• Ohio Department of Jobs and Family Services warns residents about rising Bitcoin scams targeting victims through phone calls, texts and emails, with losses reaching tens of thousands of dollars.

• BitFuFu Inc, a Singapore-based Bitcoin mining company, strengthens its Bitcoin position with 1,899 BTC holdings and improved fleet efficiency of 17.5 J/TH while expanding self-owned hashrate to 5.0 EH/s.

• Vancouver Mayor Ken Sim launches Bitcoin fund for Vancouver Firefighter Charities, marking significant municipal-level BTC adoption in Canada.

• Google unveils open-source AI payment protocol with stablecoin support, developed with Coinbase and 60+ partners including Salesforce and American Express, enabling autonomous AI agents to send and receive stablecoins.

• Whale moves $116M in BTC after 11-year dormancy as dormant wallet transfers entire 1,000 bitcoin holdings to four new addresses for first time since January 2014.

MEME OF THE DAY

Bitcoin Breakdown has the highest signal-to-noise ratio in its class. If you find our work useful and want to see the publication grow, consider supporting us on Geyser.

Every contribution is a sign that we’re on the right track. We know your time is valuable, and we’re here to help you make the most of it. Thank you for your support.

Thank you for reading!

If you received it from a friend and would like to subscribe, you can do so here:

Until our next transmission,

P.S. Looking to start your own newsletter? Use this link to sign up for beehiiv and get a 30-day free trial plus a 20% discount.