Greetings Bitcoiner,

Welcome to Issue #364 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:

• 🪓 The Rage Claims Dashjr Eyeing to Hardfork Bitcoin

• 🔁 Circle Abandons Core Bitcoin Principles; Explores Reversible USDC

• 🍊 'Satoshi Needs You' Rallies Support for CLARITY Act, Peer-to-Peer Rights

TOGETHER WITH BITCOIN SOVEREIGNS

Attain Self-Sovereignty with the Bitcoin Sovereigns Private Community

Take control of your future with Bitcoin Sovereigns—a Bitcoin-only private community dedicated to achieving personal sovereignty through Bitcoin.

🔥 Why Join?

• Structured Roadmap: Tailored guidance for beginners and experts alike.

• Exclusive Content: Learn about Bitcoin basics, running your own node, OPSEC essentials, self-hosting, and flag theory.

• Supportive Community: Accountability and support every step of the way.

🌟 Our Core Values:

• Bitcoin-Only (No second best!)

• Right to Pseudonymity

• Low Time Preference

• Personal Growth

• Community Support

Learn, share, and spur hyperbitcoinization. Reach your full potential with us!

Sep 26, 2025

TODAY’S TOP STORIES

🪓 The Rage Claims Dashjr Eyeing Bitcoin Hardfork

The Rage is reporting that leaked messages show Luke Dashjr, maintainer of Bitcoin Knots, floated a hardfork to add a ‘trusted multisig committee’ that could retroactively edit the blockchain, swapping alleged CSAM for zero-knowledge proofs. The shift from filtering non-monetary 'spam' to policing content alarms Bitcoiners: it would gut Bitcoin’s permissionless, censorship-resistant design and invite Know Your Customer/Anti-Money Laundering demands. Dashjr called the report 'lies,' yet The Rage says it verified authenticity. An unlikely ally, Udi Wertheimer, however, points out The Rage misframed the messages about Dashjr. Atlas21

🔁 Circle Abandons Core Bitcoin Principles; Explores Reversible USDC

Circle is exploring reversible USDC transfers to claw back fraud or hack funds, a nod to traditional finance comfort but a clash with Bitcoin’s finality. President Heath Tarbert admits the tension between instant settlement and reversibility. Supporters point to Sui’s Cetus exploit, where validators froze $162M of $220M before returning funds. Circle’s push coincides with its Arc layer-1 and Fireblocks integration to court institutions. Ironically, every added rollback option reminds markets why Bitcoin’s unstoppable, rule-based finality is the benchmark. Cointelegraph

🍊 'Satoshi Needs You' Rallies Support for CLARITY Act, Peer-to-Peer Rights

Following harsh outcomes in the Tornado Cash trial and Samourai Wallet case, Bitcoin Policy Institute, Save Our Wallets, CoinCenter, and Bitcoin Design foundation launched the 'Satoshi Needs You' campaign to defend peer-to-peer rights. The coalition urges Americans to contact senators and support the Senate CLARITY Act draft with Blockchain Regulatory Certainty Act protections, especially Section 109, safeguarding noncustodial developers and everyday users. Visit SaveOurWallets.org to get contacts and take action so bitcoin remains peer-to-peer cash, true to Satoshi’s design. Bitcoin Magazine

POLL #364

PREVIOUS POLL RESULTS

QUICK BITS

• Fear sentiment drops to April lows as Fear & Greed Index hits 28/100, marking its lowest level since BTC traded at $83K.

• Bitcoin's Bollinger Bands compress to record-tight weekly levels as analysts predict inevitable volatility expansion and major price movement ahead.

• Google acquires 5.4% stake in BTC miner Cipher Mining by backstopping $1.4B of Fluidstack obligations in a $3B, 10-year data center pact, sending more AI workloads to Bitcoin-grade infrastructure.

• BlackRock files a Bitcoin Premium Income ETF, turning BTC into a yield machine via a covered-call strategy and building on its $87B IBIT success.

• 9 European banks including ING, UniCredit, and Danske Bank launch a Euro stablecoin consortium to create a MiCA-compliant digital currency alternative to US stablecoins, targeting a 2026 launch.

• Ohio becomes the first US state to accept Bitcoin and crypto payments for government fees and services.

• OranjeBTC, founded by former Bridgewater Associates executive Guilherme Gomes, debuts on Brazil's B3 stock exchange in October with $410M in bitcoin treasury holdings.

• Maelstrom, a Arthur Hayes' family office fund, awards Bitcoin developer Stratospher a one-year grant to enhance Bitcoin's P2P network privacy, improve block validation, and develop DLEQ proofs for Silent Payment addresses.

• Jiuzi Holdings, a Chinese vehicle charging station operator, approves a $1B investment policy to deploy cash reserves into Bitcoin and crypto.

• B HODL, a newly-listed UK Bitcoin investment company, acquires 100 BTC worth $11.3M following its $20.7M IPO debut on the Aquis Stock Exchange.

• Ian Calderon, former California Assembly majority leader and Democrat gubernatorial candidate, pledges to make California the 'undisputed leader' on Bitcoin by adding BTC to the state's balance sheet and supporting Bitcoin and crypto payments for government programs.

• Melanion Capital, a Paris-based asset management firm, becomes Europe's first private company to implement a Bitcoin treasury strategy, raising €50M for BTC allocation.

• US SEC and FINRA probe unusual stock movements at 200 Bitcoin and crypto treasury companies before purchase announcements, investigating potential insider trading violations

QUICK MEDIA

• TFTC, a Bitcoin media company, publishes an AI-generated dystopian video which showcases a horrifying reality in the future where all economic interactions are surveilled and regulated using Central Bank Digital Currencies (Sep 25 | 3:02 min watch).

• Matt Cole, CEO of Strive, which acquired Semler this week, in an appearance on Natalie Brunell's Coin Stories podcast, argues that there is no top for Bitcoin due to continuous money printing, while exploring the strategy of shorting fiat against BTC to accumulate more BTC for shareholders (Sep 24 | 0:36 min watch).

• Jeff Booth, author of 'The Price of Tomorrow', in an appearance on the BTC Sessions show, argues that AI's 'productivity miracle' will actually worsen economic inequality and centralization within the current fiat system, while Bitcoin offers a hard money alternative that would enable true deflationary benefits from technological progress (Sep 25 | 10:56 min watch). 

• Relai, a Swiss self-custodial Bitcoin app, shares a short, AI-generated vide detailling the history of monetary debasement, presenting Bitcoin as a hopeful alternative, since it is the first monetary good that cannot be debased (Sep 19 | 1:50 min watch). 

• BitcoinMath shares results from converting their entire $7,700 monthly income to Bitcoin while borrowing USD for expenses, accumulating 0.725 Bitcoin year-to-date and effectively taking a 15% raise despite price volatility (Sep 25 | 11:45 min watch).

• Brian Harrington, a Bitcoin educator, explains how Bitcoin offers disillusioned 35-55 year olds a unique opportunity to build wealth while supporting systemic change, addressing the lack of meaningful community spaces and providing both financial empowerment and ideological alignment in replacing the flawed fiat monetary system (Sep 25 | 9:44 min watch).

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.