This Week's ⚡️ Quick Bits & 🎥 Quick Media Digest (#84)

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Greetings Bitcoiner,

Welcome to issue #84 of the Bitcoin Breakdown, where we came for the number going up, but stayed for the revolution.

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  • New US law grants the president broad authority to block access to digital assets, raising significant concerns about its implications, as it could lead to user-level bans on protocols argued to be controlled by foreign sanctions violators.

  • Ark Protocol developers, a Bitcoin Layer 2 solution, establish a new company called Ark Labs to create an even faster and more affordable payment system to rival the Lightning Network.

  • Trump partners with OpenNode to accept BTC lightning donations, the first-ever US President to do so.

  • Biden vetoes the legislation that would have overturned SEC guidance SAB121, which was passed through Congress, saying that the proposed change would ‘jeopardize the wellbeing of consumers and investors.’

  • Brian Nelson, the Treasury’s Under Secretary for Terrorism and Financial Intelligence, says the US Treasury isn't trying to ban crypto mixers, just increase transparency.

  • George Soros adds $135M worth of MicroStrategy shares to his portfolio in Q1 2024.

  • Peter Brandt, legendary trader, predicts BTC to rise 230% against gold in 12-18 months.

  • Jan van Eck, CEO of VanEck, predicts Bitcoin's market cap to reach half of gold's $15.7 trillion market cap within a decade.

  • US billionaire Chamath Palihapitiya predicts $1.14M bitcoin, urges nations to embrace dual-currency systems.

  • Japanese Bitcoin exchange DMM suffers 4503 BTC address poisoning hack.

  • DMM plans to raise $320M to repay victims of its recent hack that resulted in the loss of $305M in Bitcoin.

  • The New York Stock Exchange plans to list index options tracking the price of bitcoin.

  • Nigeria’s interest in Bitcoin unfazed by regulatory restrictions.

  • Australia launches first spot Bitcoin ETF that allows for directly holding BTC, with a fee of 0.98% and Gemini as custodian.

  • Thailand also approves its first spot Bitcoin ETF, joining the ranks of the US, the UK, Hong Kong, South Korea, and Australia.

  • Bitcoin miner holdings drop 50% from the peak, marking the lowest level in over 14 years.

  • Bitcoin held inactive for five years or longer is starting to circulate again.

  • Michael Saylor agrees to pay $40M to settle a tax fraud lawsuit with the District of Columbia.

  • Bitcoins valued at $13.87M and untouched for 11 years, start moving, doxing a 2013 whale.

  • Senator Ted Cruz explores mining his own bitcoin.

  • El Salvador's President Nayib Bukele commences his second term, focusing on advancing Bitcoin adoption.

  • RFK Jr buys 21 BTC, three for each of his grandkids.

  • Bitcoin Layers raise funding led by UTXO Mgmt.

  • Hotel Aurora becomes the first 4-star hotel in Hungary to accept BTC as payment.

  • Zurich University of Applied Sciences introduces Europe's first Bitcoin master's program aimed at financial sector students.

  • Unchained and the University of Austin launch a $5M endowment fund held in BTC to integrate Bitcoin into higher education and explore innovative financial models.

  • Giant Bitcoin logo projected onto the European Central Bank building.

  • Bitcoin hash rate experiences steepest 7-day decline since July 2021.

  • Lagos Federal High Court upholds the Central Bank of Nigeria regulation requiring financial institutions to request and collect customer social media handles as part of KYC processes.

  • HRF Bitcoin Development Fund grants 10BTC to 13 projects worldwide.



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  • Samson Mow of JAN3 shares his perspective on how a Bitcoin Bond has the power to help nation-states eliminate debt (Jun 5 | 0:41 min watch).

  • Super Testnet releases promo video for a workshop series where he teaches you how to code in bitcoin and contribute to existing projects or even make your own (Jun 4 | 1:40 min watch).

  • Robert Breedlove, Bitcoin philosopher, shares Memepool remix beat 'Bum Bum Check' following the recent sanctimonious outrage on Bitcoin Twitter about his personal life (May 31 | 1:49 min watch).

  • Compass Mining, a Bitcoin mining company, posts a video explaining what curtailment is (Jun 1 | 1:50 min watch).

  • Jack Mallers, the founder of Strike, explains what Bitcoin taught him about value and time, which enabled him to ditch the consumerism lifestyle in favor of quality living through experiences with family (May 31 | 2:19 min watch).

  • Lightspark posts a video of CEO David Marcus explaining to BlackRock why we need to move beyond the '1970s payment technology' still used today (Jun 4 | 2:19 min watch).

  • River Financial, a platform for securely buying bitcoin, posts an on-point video explaining how Bitcoin works (May 30 | 2:55 min watch).

  • Matt Kratter of Bitcoin University discusses Jack Dorsey's past actions at Twitter, and his current contributions to the Bitcoin and Nostr ecosystems (Jun 4 | 2:59 min watch).

  • Michael Saylor gives a masterclass on why our view of money and economics is defective (Jun 5 | 4:24 min watch).

  • David Krause, Marquette University professor emeritus, discusses the Wisconsin pension system's $100M purchase into a Bitcoin ETF, and why the purchase matters (May 31 | 5:33 min watch).

  • Robert Breedlove posts a video of his discussion with Seb Bunney on why real estate has become unaffordable for Millennials and Gen Z (Jun 4 | 7:02 min watch).

  • Joe Grand posts a video explaining how he reverse-engineered the RoboForm password generator to generate past passwords and recover over $3M in BTC from a software wallet that had been locked since 2013 (May 28 | 21:30 min watch).

  • PlebLab posts a workshop video going over the private and secure mobile operating system GrapheneOS (Jun 4 | 34:33 min watch).




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