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  • Paris Doxxes Holders 🇫🇷, Dems Probe Trump Coins 🗳️, Riot Sells Bitcoin ⛏️

Paris Doxxes Holders 🇫🇷, Dems Probe Trump Coins 🗳️, Riot Sells Bitcoin ⛏️

France's National Assembly adopts an amendment forcing self-custodied Bitcoin wallet reporting into the 2027 Finance Bill.

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Welcome to Issue #xxx 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:

France's National Assembly voted to make taxpayers report self-custodied Bitcoin worth €100,000 or more, then dropped the rule with the budget's revenue section, a privacy reprieve. House Democrats plan subpoena-backed probes of the Trump family's crypto businesses. Riot Platforms and Hut 8 tapped Bitcoin liquidity, selling thousands of bitcoin to fund data centers and buybacks.

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🇫🇷 France Drops Self-Custody Reporting, For Now

France's National Assembly adopted amendment I-2701 by 150 votes to 44, which would make taxpayers report self-custodied Bitcoin and crypto worth at least €100,000. The rule fell away when deputies rejected the 2027 budget's revenue section by 458 votes to 0. The Senate could still reintroduce it when its budget debate opens on November 20.

Why it matters: After a series of kidnappings targeting holders in France, a registry of large self-custody wallets would hand wrench attackers a target list. French Bitcoiners still have time to press senators, because privacy is what keeps your keys safe. Read more→

In Washington, the fight is over Trump's tokens...

🗳️ Democrats Eye Subpoenas for Trump's Sh!tcoins

House Democrats plan to investigate the Trump family's crypto businesses once they take control in January, starting with World Liberty Financial and the pardon of Binance founder Changpeng Zhao. Representative Robert Garcia, the expected House Oversight Committee chairman, said he plans to take on "the Trump Crime Family" and warned targets to "lawyer up." Trump's 2025 financial disclosure listed about $635M in Trump memecoin royalties.

Why it matters: Bitcoiners already know how scammy sh!tcoins are, and Democrats with subpoena power are now turning Trump's token ventures into a political issue. That fight lets gatekeepers blur Bitcoin with celebrity premines, while self-custody holders never needed a political patron. Read more→

Meanwhile, two miners turned bitcoin into real spending...

⛏️ Riot and Hut 8 Sell Thousands of Bitcoin

Riot Platforms sold 20,264 bitcoin this year for about $1.5B, primarily to fund data center development, and ended the quarter holding 2,418 bitcoin. Hut 8 sold 3,102 BTC since July to fund $250M in share repurchases. Hut 8 chief executive Asher Genoot said those buybacks were funded with Bitcoin from the company's balance sheet.

Why it matters: Two companies paid for construction and buybacks with bitcoin, which shows how liquid the market is for balance sheet holders. Bitcoin need not move peer to peer to count as money, and holding sats gives treasuries scarcity plus an exit. Read more→

Listen on Fountain: France wallet reporting, Trump crypto probes, miner sales

Today’s top stories, under 5 minutes.

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Poll #695: France's National Assembly voted 150 to 44 to make residents report self-custody wallets worth €100K or more to the tax office. Odds it survives into the final 2027 budget?

  • Under 10%
  • 10-30%
  • 30-60%
  • Over 60%

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  • Andrew Bailey, a writer at the Bitcoin Policy Institute in the US, argues that the 'midterm blue wave' leaves bitcoin's case intact, as affordability anxiety, non-partisan debanking fears, broad cross-ideological bitcoin ownership and collapsing institutional trust keep self-custody appealing to Americans seeking change (Nov 5 | 2 min read).

  • Connor O'Keeffe, in an article for the Mises Institute, argues that the US Fed's $6T of post-covid money printing fuels an inflation crisis that punishes incumbents, explaining the political whiplash from Biden to Trump to Democrats and pointing out that neither party curbs the central bank (Nov 4 | 7 min read).

  • Nicolas Dorier, co-founder of BTCPay Server, argues that open source Bitcoin payment software stays relevant because human will, shared conceptual models and omakase-style delegated decisions free attention for what matters most (Nov 3 | 4 min read).

  • Talip of Lxdev, a Bitcoin-focused security researcher who red-teamed the ecosystem for two months, argues that a budget of about $500 a month is enough to audit code by scanning repos with cheap Chinese AI models, verifying findings with US frontier models and PoCs, and disclosing responsibly (Nov 3 | 21 min read).

  • Dr. Tom Robinson, Elliptic co-founder and chief scientist, tracks how North Korea's TraderTraitor hackers are automating laundering of the $6.4B stolen from Binance across 11 blockchains, converting assets into bitcoin while $3.35B stays parked ahead of OTC cash-out (Nov 3 | 14 min read).

  • Elektron Energy, a Bitcoin mining infrastructure operator, argues that mining pools pose minimal centralization risk to the Bitcoin network, showing how payout methods like FPPS and PPLNS, fee structures, and multi-pool strategies let miners maximize revenue while protecting decentralization (Nov 2 | 35 min read).

  • Christopher Wallace of The Satoshi times examines the four versions of Satoshi Nakamoto's Bitcoin Whitepaper, showing how a rediscovered copy preserved by Nicholas Bohm reveals stealth revisions to transaction fees, inflation policy and simplified payment verification (Oct 31 | 15 min read).

  • Edil Medeiros, writing for Bitcoin nonprofit Vinteum, recaps a São Paulo Deep Dive week dissecting offchain protocols eltoo, Ark, CoinPool, and statechains like Spark and Mercury Layer that update UTXO claims off-chain while preserving each participant's enforceable path back to Bitcoin's blockchain (Oct 29 | 16 min read).

  • Binance reveals that North Korea-linked hackers stole $6.34B in digital assets via a sophisticated multi-stage attack exploiting its internal wallet signing service and Ethereum's EIP-7702 mechanism, while pledging to fully absorb all user losses (Nov 3 | 7 min read).

  • CoinDesk reporter Olivier Acuna details how a London crypto veteran lost $14,000 after thieves socially engineered him outside a Hackney bar, drained his MetaMask, Phantom and Bybit wallets and exposed the city's escalating smartphone-theft crisis (Oct 31 | 6 min read).

  • Max Musumeci, creator of the NimbleNode Lightning node toolkit, explains how his new circular rebalancing CLI automates route pinning, fee estimation and liquidity checks while deliberately leaving channel-selection policy decisions to node operators (Oct 29 | 5 min read).

  • Hannah Rosenberg, Developer Advocate at Lightning Labs, argues that retail bitcoin adoption is blocked by psychological and economic barriers rather than technology, so builders should target B2B payments and stablecoins on Lightning to meet people where they are (Oct 29 | 5 min read).

  • Peter C. Earle, AIER's senior research director, explains how the gold standard kept Washington in check under Calvin Coolidge, anchoring debt reduction from $22B to $17B, tax cuts from 77% to 25%, and balanced budgets that fiat money undermines (Oct 28 | 6 min read).

  • Saurabh Kumar, a Bitcoin Data Labs researcher, shows by inferring release lines from gossip feature bits that Lightning Network nodes patch on release and platform schedules, not security disclosures, leaving a tail of small, vulnerable nodes that only packaging platforms can move (Oct 21 | 49 min read).

  • Lightning News, a Bitcoin news outlet, reports that BTC Balkans 2026 in Sofia, Bulgaria attracted builders and beginners alike, as Bitcoin Club Bulgaria's second edition delivers sharp talks on AI bubbles, deepfakes and hashrate, plus strong networking despite the bear market (Nov 1 | 3 min read).

  • Christina Comben of Cointelegraph marks Bitcoin's 18th birthday, tracing Bitcoin from Satoshi Nakamoto's whitepaper and pizza-day trades to a $126,000 all-time high, Wall Street ETFs, the $6.3B Binance hack and quantum fears, asking whether the cypherpunk rebel survives adulthood (Oct 31 | 6 min read).

  • Nikhilesh De of CoinDesk writes that Satoshi Nakamoto's Bitcoin white paper leaves a legacy of institutional adoption and cultural impact that may outweigh bitcoin's stalled rise as peer-to-peer electronic cash (Oct 31 | 5 min read).

  • Charlie Stevens, actuarial economist and founder of boutique Bitcoin estate planning firm Schelling Point, in an interview with Lightning News, explains why self-custody, multi-vendor multisig, and family-integrated inheritance planning keep bitcoin secure across generations (Oct 29 | 6 min read).

  • Olivier Acuna, a CoinDesk reporter, details how Switzerland's first spot bitcoin ETF (BBIT) debuted on SIX Swiss Exchange in November under a rare FINMA exemption, granting overseas banks and brokers access (Oct 29 | 3 min read).

  • Matt Corallo, a Bitcoin Core developer, flags a severe Linux kernel bug, prompting Lightning Labs to ship emergency updates to its Lightning Implementation LND that disable Multipath TCP listeners to block remote exploits.

  • Bitfest 2026, a Bitcoin festival in the UK, runs a November 20-21 Manchester hackathon where builders ship open-format Bitcoin and Nostr projects, with winners funded through the Angor crowdfunding platform.

  • Librería de Satoshi, the Spanish-language Bitcoin school founded by Dulce Villarreal, rebrands to ISMOS and launches a Human Rights Foundation-backed global platform to train 1M open-source Bitcoin developers.

  • Jameson Lopp, Casa co-founder and Bitcoin security expert, relaunches Bitcoinflation, a chart collection comparing Bitcoin's shrinking supply inflation with fiat debasement, gold, and S&P 500 benchmarks since 2009.

  • Core Lightning, an implementation of the Lightning Network, releases version 26.06.10 fixing security flaws in dual funding, splicing and runes while urging all operators to upgrade.

  • Wizardsardine, developer of the Bitcoin self-custody wallet Liana, ships version 16 of their software with multilingual support, a reworked interface, inherited labels, standardized encrypted backups, default taproot and protection against malicious Electrum servers.

  • Developer Floppy revives Adam Gibson's Electrum JoinMarket plugin, letting the wallet join CoinJoin transactions as taker or maker through Tor, earning fees without a separate joinmarket-clientserver daemon.

  • Nutshell, the reference open-source mint for Cashu, a Bitcoin ecash protocol, ships version 0.22.0 with BIP-39 mnemonic seeds, in-memory caching, Lightning payment and security fixes, plus required database migrations.

  • Bitcoin++ Alerts, a release-tracking service from the developer-focused Bitcoin++ initiative, notifies subscribers by email or Telegram when the wallets, nodes, and libraries they rely on publish updates.

  • Project Eleven, a Bitcoin-focused quantum research firm, unveils CUTS, a quantum-resistant hash-based signature scheme that keeps security after key reuse with signatures 41% smaller than Forest of Random Subsets.

  • Chatastrophe is a bash tool that sends encrypted direct messages on Nostr when servers hit disk, memory, or systemd failures, and can restart services.

  • Fedimint co-founder Eric Sirion demonstrates a Lightning gateway built on Second's Bark, an Ark layer-2 implementation, letting federated Bitcoin ecash route Lightning payments without running nodes or providing liquidity.

  • Mike Schmidt, Bitcoin Optech co-founder, provides progress updates on BIP 54, the Great Consensus Cleanup soft fork fixing timewarp and Merkle malleability flaws, across Bitcoin Core, libbitcoin and btcd.

  • BOLT12 Pay, an open-source self-hosted Lightning payment interface, releases v0.3.20 with full localization in English, German, Spanish, French and Polish, now available through Umbrel and StartOS repositories.

  • Sparrow Wallet, a Bitcoin desktop wallet, ships version 2.5.6, dropping compromised Indian certificate authority eMudhra roots, upgrading bundled Tor protocols, and adding screen reader and keyboard accessibility improvements.

  • Bitcoin Arena, a gaming and prediction market platform, launches on Bitcoin's testnet4, where bonded nodes verify rounds and the Lightning Network settles stakes, seeking outside testers and criticism.

  • RoboSats, a peer-to-peer Bitcoin exchange built on the Lightning Network, releases v0.8.8-alpha, introducing garage keys for account recovery, encrypted Nostr chat, embedded Tor for Android, and payout safety checks.

  • Cashu Card, an experimental open source project built on a draft protocol, offers NFC smart cards that hold bitcoin ecash for offline tap payments settled later with the mint.

  • Spiral developer benthecarman ports a Game Boy emulator to the Coldcard MK4 Bitcoin hardware wallet, letting users play Pokémon with full code and build instructions published on GitHub.

  • MyEditor, a local-first desktop writing app, keeps every file stored only on users' Macs and lets writers publish directly to Nostr.

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