Florida Floats Bitcoin Reserve Bill 🐊, Shenzhen Mansions Meet Bitcoin Liquidity 🇨🇳, French Tax Snooping Sparks Alarm 🚨

Greetings Bitcoiner,

Welcome to Issue #439 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.

Now for today’s Top Stories:

• 🐊 Florida Wants a Bitcoin Rainy-Day Fund

• 🇨🇳 China’s Rich Trade Trophy Condos for BTC Liquidity

• 🇫🇷 French Tax Agent Accused of Snooping on Crypto Holders

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Jan 9, 2026

TODAY’S TOP STORIES

🐊 Florida Wants a Bitcoin Rainy-Day Fund

Florida lawmakers have revived a push to put bitcoin on the state’s balance sheet, filing new legislation for the 2026 session that would create a state-run cryptocurrency reserve after a similar effort stalled last year. The plan lets the state’s chief financial officer choose if and when to buy, with audits, reporting, and an advisory committee. Eligibility is capped to assets averaging $500B in market value, effectively only bitcoin. If approved, it could start July 1, 2026. Bitcoin Magazine

🇨🇳 China’s Rich Trade Trophy Condos for BTC Liquidity

China’s wealthy are increasingly eyeing bitcoin as a portable store of value as luxury property in Shenzhen and Shanghai looks illiquid, regulated, and costly to hold. On Weibo and Xiaohongshu, investors compare Shenzhen Bay homes priced around 60 to 66M yuan with BTC, Nvidia stock, and BNB, arguing real estate is illiquid, highly visible, and vulnerable to policy shifts. Some recount steep local price drops and dread big mortgages. Bitcoin is framed less as a moonshot and more as portable, always-on liquidity. Cointelegraph

🇫🇷 French Tax Agent Accused of Snooping on Crypto Holders

Jameson Lopp flagged reports that a French tax agent allegedly abused privileged access to identify cryptocurrency owners and pass targets to an undisclosed third party. The incident renews concerns that personal financial data can be weaponized, especially when wallet-linked information leaks or gets misused. Lopp ties it to broader, ongoing privacy and security risks in the digital asset space, even as Bitcoin’s infrastructure keeps growing more robust and harder to ignore. Trader's Union

POLL #439

PREVIOUS POLL RESULTS

QUICK BITS

• Rumble, a video-sharing platform, launches a non-custodial Rumble Wallet with Tether, enabling direct creator payments and tips in BTC and USDT via MoonPay on-ramps.

• Bitcoin mining now runs 56.7% on sustainable energy, helping renewables scale, reuse waste heat, fund research and cut methane emissions, according to ESG-focused tech investor, Daniel Batten.

• US Marshals denies selling Samourai Wallet bitcoin, rumors of which fueled scrutiny over a 57.55 BTC transfer.

• South Korea's Financial Services Commission proposes preemptive Bitcoin wallet freezes for suspected market manipulation cases, allowing authorities to suspend txs before gathering full evidence.

• Lockridge Okoth reports that Greenland’s Arctic energy and sub-zero climate enable ultra-low-cost BTC mining, bolstering Trump’s strategic Bitcoin reserve push and shifting global hashrate dynamics.

• Chen Zhi, Prince Group founder and chairman, is arrested in Cambodia and deported to China as US prosecutors pursue a record $15B BTC forfeiture tied to 'pig-butchering' scams.

• Cathie Wood, founder of ARK Invest, says the US government may start buying BTC for a national bitcoin reserve, making Bitcoin a key political issue for midterms.

• Market manipulation fears surge as MSCI caps new Strategy (MSTR) shares in indexes, curbing passive buying.

• Colombia’s National Tax and Customs Directorate (DIAN) mandates Bitcoin and crypto exchanges and intermediaries report user IDs, transaction volumes, market values, and balances starting tax year 2026, aligning with OECD standards.

• VanEck projects BTC at $2.9M by 2050 in a base case and says a 1-3% bitcoin allocation boosts portfolio Sharpe Ratio.

• NodeCordRAT is a new remote access trojan spread via bitcoin-themed npm packages, using Discord command-and-control to steal Chrome credentials, API tokens, and MetaMask seed phrases across Windows, macOS, and Linux.

QUICK MEDIA

• Hurley of Swan Bitcoin argues that AI-driven abundance and the technological singularity will strengthen rather than weaken Bitcoin's role as the foundational monetary infrastructure for a deflationary future where scarcity, energy constraints, and sound money become increasingly critical (Jan 9 | 17:39 min watch). 

• Adam Livingston argues that 2026 marks Bitcoin's full institutional absorption as major banks like Morgan Stanley and JPMorgan launch ETFs, custody services, and BTC-backed lending, creating permanent structural demand through wealth management flows, collateral recycling, and regulatory green lights that transform Bitcoin into industrialized monetary infrastructure (Jan 7 | 13:34 min watch). 

• Parker Lewis, author of 'Gradually, Then Suddenly', in a presentation delivered at Old Parkland, explains why BTC remains the greatest asymmetric opportunity, citing fixed supply as the evaluable fulcrum, rising adoption and security, and the negative asymmetry of fiat debasement and QE in the US and beyond (Jan 8 | 43:25 min watch).

• Mark Moss argues that successful investors evaluate Bitcoin through probabilistic thinking and strategic positioning rather than binary win-or-fail predictions, using a four-step handicapping framework to allocate capital based on odds instead of certainty (Jan 9 | 13:17 min watch). 

• Jack Mallers, CEO of Strike and Twenty One, argues that US interest in Venezuela centers on critical minerals and countering China, Iran and Russia, signaling the collapse of the post-1971 fiat system and the need for bitcoin as real money (Jan 8 | 2:06 min watch). 

• Gilles Roth, Luxembourg's Finance Minister, says Bitcoin is the 'future of finance' and emphasizes the nation's ambition to become a world leader in BTC adoption (Jan 5 | 0:47 min watch).

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