Greetings Bitcoiner,

Welcome to issue #98 of the Bitcoin Breakdown, where we are carefully following arguably the biggest and most significant Bitcoin event the world has ever seen: the Bitcoin 2024 Conference in Nashville. You can follow the live streams here.

🔈️You can now also view this newsletter on beehiiv’s mobile app! Install the app by clicking here on your mobile device and clicking the pop-up to install. You can opt in to receive notifications for new posts from us and replies to your comments.

Happy readings! 👽️

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⚡️ QUICK BITS

• Proton launches a self-custodial Bitcoin wallet with one-click Lightning node installation, an app store for Bitcoin-native applications, and anonymous usage through Proton Mail and TOR. 🔥

• Alby launches Alby Hub, which enables self-custodial Lightning with an integrated node and much more.

• Ferrari extends bitcoin payments to European dealers.

• Bitbox hardware wallet provider announces they will integrate silent payments into their wallet soon.

• Lightning Labs announces the launch of Taproot Assets on Bitcoin, enabling stablecoins on the Lightning Network.

• Trump denies reports that he plans to hire either JPMorgan CEO Jamie Dimon or BlackRock CEO Larry Fink as Treasury Secretary.

• VanEck forecasts Bitcoin reaching $52.38M by 2050, citing its potential as a reserve currency, Layer 2 advancements, and weakening traditional currencies.

• Fold, a Bitcoin rewards app, is going public on NASDAQ via a $365M SPAC merger with Emerald Acquisition Corp.

• Fold also introduces rewards on mortgage, rent, and bills.

• Ego Death Capital secures $43M for its second fund to invest in Series A Bitcoin startups.

• God Bless Bitcoin, full length documentary, posted by Swan Bitcoin.

• Swan Bitcoin’s CEO Cory Klippsten clarifies that their mining unit continues to operate profitably without disruptions after announcing dropping of IPO plan and cutting staff.

• Bedford, Peter McCormack's UK-based football club, adds $4.5M worth of BTC to its treasury.

• Hong Kong launches Asia’s first inverse Bitcoin ETF.

• Kraken returns BTC to Mt. Gox customers.

• US Government moves $4M worth of seized BTC from guy convicted of selling Xanax on the dark web in 2021.

• Foundry, a Bitcoin mining company, launches initiative called Foundry Donate to support open source Bitcoin developers.

• BlackRock’s spot bitcoin ETF posts $527M in net inflow, largest since mid-March

• Opensats, a public charity that funds Bitcoin developers, announces its 6th wave of grants.

• Opensats announces long-term support for Bitcoin developer Fiatjaf.

• Russian Authorities seize 500 mining rigs in raid on BTC mining hotspot.

• Franklin Templeton, a US investment firm, leads $11M Series A into Bitcoin startup Bitlayer.

• Metaplanet, the Japanese MicroStrategy, partners with Hoseki to verify its corporate Bitcoin holdings.

• Jimmy Song, a Bitcoin educator, had his blank Bitcoin backup device seized by security at the Paris CDG airport.

• Kazakhstan uses its CBDC to finance a railway to China.

• Bitaxe, a tiny 500 Gh/s home Bitcoin mining device, mines a whole block despite having a 1 in 1.1B chance every ten minutes of doing so.

• Russia's parliament approves bills legalizing cryptocurrency mining and use in international trade, potentially challenging Western sanctions.

• United Arab Emirates Internet Service Provider DU now accepts BTC.

• Russian scientists propose using manure to power bitcoin mining.

• Nostr is being used in healthcare in El Salvador.

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OTHER NEWSLETTERS TO CHECK OUT*

• The Flyover sends you the most important and interesting stories of the day in your inbox every weekday.

• I Will Teach You To Be Rich focuses on sharing proven systems and time tested advice so you can make changes fast.

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• Early Bird Stock Market News is the morning financial newsletter that's ruffling feathers.

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🎥 QUICK MEDIA

• Bitcoin logo appears on the Las Vegas sphere (Jul 24 | 0:16 min watch).

• VOORLOPIG gift shop in the Netherlands starts accepting Bitcoin (Jul 23 | 0:26 min watch).

• CK of Swan Bitcoin explains why central banks can't compete with Bitcoin (Jul 20 | 0:35 min watch).

• Jeff Booth explains the deep connection between BTC and nature, highlighting how it mirrors life’s principles through sustainable practices and economic resilience (July 24 | 0:52 seconds watch).

• CNBC discusses Donald Trump's upcoming appearance at Bitcoin 2024, and whether (and how) the US could adopt Bitcoin as a Treasury reverse asset (Jul 22 | 0:57 min watch).

• Braiins releases short ‘Bitcoin ASIC Autotuning Explained’ (Jul 22 | 1:06 min watch).

• Alex B discusses the efforts of developer Pablo Fernandez in tying Bitcoin ecash balances to Nostr npub's (Jul 23 | 1:15 min watch).

• Tuur Demeester shares an ad that criticizes the Gig economy, highlighting how embracing sound money is a good alternative (Jul 23 | 1:30 min watch).

• Robert Breedlove and Robert Edward Grant discuss the meaning of ‘Satoshi Nakamoto’ (Jul 23 | 3:11 min watch).

• Bitcoin University releases ‘All Aboard The Bitcoin Trump Train?’ (Jul 24 | 13:40 min watch).

• Ruben Middelhoven, creator of SOLIDHODL, gives a talk about securing seed phrases (Jul 23 | 19:30 min watch).

💥MEME BREAK

AFFILIATES & REFERRALS

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• Start9 empowers you to run your own Bitcoin node while also joining the sovereign computing paradigm, where concerns over privacy, censorship, hacks, and fees practically disappear—get a 5% discount by using the code: BITCOINBREAKDOWN.

Thank you for reading!

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Until our next transmission,

Naiw

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