Greetings Bitcoiner,

Welcome to issue #94 of the Bitcoin Breakdown, where fluctuations are no match for unwavering fundamentals—one bitcoin will always equal one bitcoin.

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⚡️ QUICK BITS

• US Senate Committee on Armed Services mandates the Department of Defense to explore Bitcoin's potential in national security and defense.

• Bitcoin network sees surge in new addresses despite price drop period, reflecting a broader participation in the network.

• Zero Hash integrates the Lightning Network with Lightspark, enabling instant, low-cost bitcoin transfers for businesses through its API and SDK infrastructure.

• Arkham Intelligence reveals governments hold $17.8 billion in bitcoin, with the US possessing $12B from seizures and El Salvador's treasury containing $314M.

• CryptoQuant analysts report bitcoin long-term holders are accumulating at the fastest monthly rate since April 2023, supporting prices despite increased market supply.

• Republican National Committee draft platform strongly endorses Bitcoin, promising to defend mining rights and oppose CBDCs.

• MicroStrategy announces 10-for-1 stock split, aiming to increase accessibility for investors and strengthen its position as a Bitcoin development company.

• Trump confirms participation in 2024 Bitcoin Nashville conference, signaling Bitcoin’s growing political interest and potentially shaping future US Bitcoin policy.

• Argentina's Bitcoin adoption skyrockets as ByBit card launches, with the country leading the Western Hemisphere in crypto usage amid high inflation.

• Swiss Bitcoin app Relai mandates KYC verification by October 31 to comply with regulations.

• Bitcoin Fear & Greed Index drops to 27 on July 9, its lowest since January 2023.

• German government continues bitcoin transfers, moves nearly $350 million to various entities.

• Charles Edwards, Founder of Capriole Investment, shows that this has been the longest streak that Bitcoin has ever experienced without a 25% drawdown—427 days.

• Block announces an agreement to supply Core Scientific with its 3nm mining ASICs, representing approximately 15 EH/s of hashrate.

• Samourai Wallet CTO and Bitcoin privacy activist 'TDevD' appears in court as DoJ details case and bail terms, seizes 27 electronic devices.

• Crypto remittances become a crucial lifeline for Venezuelans, accounting for 9% of total remittances amid economic turmoil and hyperinflation.

• OpenSats launches an initiative to fund open-source Bitcoin education projects worldwide, providing grants for diverse educational resources and outreach programs.

• Mt Gox trustee begins repaying creditors through designated exchanges based on the rehabilitation plan.

• TeraWulf leads the way in debt-free Bitcoin mining with early loan payoff, boosting scalability and sustainability.

• City of Santa Monica pioneers bitcoin adoption with official office launch, mirroring El Salvador's success.

• Senator Marsha Blackburn accepts bitcoin donations amidst Republican Bitcoin adoption trend.

• Cryptosteel and Liana Wallet collaborate to create a comprehensive Bitcoin storage solution, combining digital security and physical backups for enhanced self-custody.

• Canyon Country man arrested for possessing nearly $600,000 worth of stolen bitcoin-mining computers in a cargo van and storage unit.

• Stacker News’s new referral system enhances user engagement and rewards through forever and one-day referrers, boosting daily rewards and incentivizing content creation.

• Bitcoin Nashville 2024 event offers free passes to open source contributors, supporting the bitcoin community and promoting accessibility while maintaining the cryptocurrency's ethos.

• Neutronpay and Lnfi's partnership aims to boost Bitcoin Lightning adoption through innovative solutions, including zero-fee transactions and liquidity provisioning for global users and merchants.

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🎥 QUICK MEDIA

• God Bless Bitcoin (trailer) explores the moral and ethical implications of cryptocurrency, examining its potential global impact, in an upcoming documentary (Jul 9 | 2 min watch).

• Jos3sha releases a tutorial on how to connect an Alby wallet using NWC to a BTCPayServer instance (Jul 9 | 2 min watch).

• Coinkite publishes a tutorial demonstrating how to utilize the passphrase feature on Q and Mk4 models, providing a step-by-step guide to improve wallet security (Jul 10 | 3 min watch).

• BTCGandalf releases 'exclusive footage revealing panic within German government over bitcoin sales' (Jul 9 | 4 min watch).

• Robert Breedlove and Chris Sullivan explore the evolution of inflation, central banking, and the Rothschild family's strategic acquisition of the Bank of England (Jul 9 | 5 min watch).

• Bull Bitcoin releases an introductory explanation of how Bitcoin works, from the transaction structure to UTXO consolidation (Jul 1 | 6 min watch).

• Bitcoin University addresses viewer inquiries about Bitcoin's market and transactional value, debunking claims of Tether control and discussing Tether's business model (Jul 10 | 8 min watch).

• Desiree Dickerson in an interview with Tatum Turn Up from Between Two ASICs, discusses her company THNDR and the Lightning Network (Jul 8 | 9 min watch).

• Paco De La India tours the town of Puebla n Mexico, meeting with locals and bitcoin-accepting businesses (Jul 9 | 12 min watch).

• Daniel Batten reveals Bitcoin mining's transformation into an eco-friendly powerhouse, utilizing methane mitigation and grid stabilization to offset carbon emissions and pioneer sustainability (Jul 5 | 16 min watch).

  

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Thank you for reading!

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Until our next transmission,

Naiw

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