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Greetings Bitcoiner,
Welcome to Issue #535 of Bitcoin Breakdown, where weโre bringing you your end-of-week Bitcoin Digest featuring all the need-to-know Quick Bits snippets and Quick Media.
But first, todayโs Top Stories:
๐งช Musk Calls Altcoins Scams
๐ต๏ธ North Korea Hunts Bigger Targets
๐ ๐ Users Mute Crypto Slop
Casa, one of the leading bitcoin security and self-custody companies in the world, is hosting a free webinar on bitcoin inheritance.
You might have secured your bitcoin against hackers, scammers, and exchange failures. Have you secured it against the one thing that's guaranteed to happen?
Join estate planning attorney Paul Nylen and Casa's Zach W. to learn how self-custody changes inheritance planning and what you can do about it now.
You'll learn:
Why traditional estate planning tools fail for bitcoin
The real risks of passing down seed phrases and single-key setups
How multisig eliminates the tradeoff between security and inheritance
What a complete bitcoin inheritance plan actually looks like
๐งช Musk Calls Altcoins Scams
Elon Musk told an Oakland jury that some coins have merit, but most are scams, according to Fortune's report on his OpenAI trial. The comment came during questioning about OpenAI's 2018 initial coin offering idea to fund the company.
Why it matters: Musk helped glamorize Dogecoin, but his courtroom answer points toward the real split: Bitcoin as money, sh!tcoins as marketing. Read moreโ
๐ต๏ธ North Korea Hunts Bigger Targets
North Korean groups stole about $577 million across two attacks through April, 76% of all tracked 2026 hack value, according to TRM Labs. Drift lost $285 million and KelpDAO lost $292 million in attacks separated by 17 days.
Why it matters: Rogue states can fund themselves through weak protocol machinery faster than most teams can explain the failure. Bitcoiners should treat security as a civilization-scale issue rather than as a casino budget line. Read moreโ
๐ ๐ Users Mute Crypto Slop
๐ users have snoozed "Crypto" more than any other topic since the feature launched, according to data shared by product head Nikita Bier. The category ranked ahead of politics, the Iran conflict, sports, and business and finance.
Why it matters: The public is tired of shills, scams, and feed pollution. Bitcoin gets dragged into that bucket unless Bitcoiners keep drawing the line between money and token spam. Read moreโ
Joe Nakamoto, Bitcoin content creator and a former Cointelegraph contributor, says the crypto outlet deleted all pre-2026 content, including his three years of work, reportedly to recover from a Google penalty.
Bisq, a decentralized peer-to-peer Bitcoin exchange, confirms an exploit in its v1 trade protocol allowed an attacker to drain open offers, with user wallets unaffected and trading halted pending a hotfix.
๐ launches Smart Cashtags for Bitcoin and a few other assets and sh!tcoins on web, bringing real-time price charts and market data to US and Canada users' timelines.
Coinbase & Glassnode survey of 91 global investors finds that over 70% believe Bitcoin is undervalued, with onchain indicators signaling BTC may be entering a value-accumulation zone.
US Federal Judge Lewis Kaplan rejects FTX founder Sam Bankman-Fried's bid for a new trial, dismissing claims of new evidence as a 'reputation-saving plan' following his 25-year fraud conviction.
Strive CEO Matt Cole says that bitcoin-linked preferred stocks SATA and Strategy's STRC held near par during bitcoin's 50% drop from $126K to $60K, outperforming equity peers.
Filmmaker Eugene Jarecki, along with Twitter co-founder Jack Dorsey, plans a bitcoin-powered global pay-per-view release for Jarecki's Julian Assange documentary, bypassing major streaming platforms that declined to carry it.
256 Foundation, a nonprofit aiming to support the open source Bitcoin mining ecosystem, wins the $100,000 MARA Foundation contribution after receiving 39% of 4,971 votes.
Electrum, an open source Bitcoin wallet, patches two security vulnerabilities in its latest 4.7.2 release, urging users to update immediately, while noting that they were likely discovered using AI.
FBI leads an international task force arresting 276 people and dismantling nine scam centers tied to 'pig butchering' crypto fraud schemes that caused millions in losses.
MARA Holdings, a major publicly traded bitcoin miner, agrees to acquire Long Ridge Energy & Power, a 505 MW Ohio gas plant, from FTAI Infrastructure for $1.5B to build an AI and digital infrastructure campus.
Mezo, a bitcoin finance platform backed by Anchorage Digital Bank, launches segregated BTC yield vaults for institutions, with exchange Bullish seeding the product with 250 BTC.
Bitcoin spot trading volume drops below $8B, its lowest since 2023, raising volatility risks, according to analytics firm Glassnode.
Jeff Booth of Ego Death Capital, speaking at the Bitcoin 2026 conference in Las Vegas, argues that Bitcoin is imposing the world's first true free market by replacing infinite credit-based fiat with a fixed 21M-unit protocol, reframing deflation as natural and abundance as inevitable (Apr 30 | 20:41 min watch).
Strategy's Phong Le & Blockstream's Adam Back, in a panel discussion at the Bitcoin 2026 conference, explore how STRC's $300T credit market reach, tokenized securities, and 24/7 Bitcoin-denominated markets are building the technical and financial infrastructure driving Bitcoin's next decade of mass adoption (May 1 | 21:15 min watch).
BTC Sessions announces his transition to 'Sovereign Sessions,' a new channel covering freedom tech including Bitcoin, AI, private communications, and self-hosted tools to help people reclaim digital sovereignty (Apr 28 | 3:31 min watch).
Magoo PhD, a Bitcoin-focused commentator, notes that FBI Director Kash Patel and Deputy AG Todd Blanche drew a nearly empty room at their Bitcoin 2026 panel, highlighting the deep skepticism Bitcoiners hold toward law enforcement's pro-Bitcoin outreach (Apr 28 | 0:11 min watch).
Paul Tudor Jones, American billionaire hedge fund manager, argues that Bitcoin surpasses gold as the ultimate inflation hedge, citing Bitcoin's hard-capped supply of 21M coins as a decisive advantage over gold's continuous annual supply growth amid rising institutional interest in BTC (Apr 29 | 0:25 min watch).
Jack Dorsey, in a talk delivered for the Bitcoin 2026 conference, praises Satoshi Nakamoto, arguing that Bitcoin's resilience stems from him selflessly walking away, freeing the protocol from founder dependency and central control (Apr 30 | 0:40 min watch).
Thank you for reading!
