Fed Chair Powell shifts stance as a new economic picture sharpens. Plus, the new KYC disaster coming to US customers, project updates, and who is selling thousands of Bitcoins this week.Affiliate LINKS:🇺🇸 Buy Sats on River - The best way to stack in the US🇨🇦 The Bitcoin Well - An amazing automatic self-custody Bitcoin platform⚡ The Bitcoin Company - Spending your Bitcoin Via Lightning🏦 Fold Card - Pay bills Stack Sats💵 SALT Lending - Get access to your BTC Value w/out SellingLINKSTreasury, IRS issue final regulations requiring broker reporting of sales and exchanges of digital assetsHoneywell TH6320ZW2007Lampoharbor: Ecash management toolBOLT 12 | This is how we bitcoin in the future!Twelve CashPhoenix Wallet “New major release!”Median new US home price in BitcoinAndrew Tate announcing his new Scam tokenMeet up along the way: Spokane Meetup - No-Li Brewhouse, Sat, Jul 13, 2024, 4:00 PM | MeetupMUSICCharlie by Kurtisdrums

A few widow-makers hanging over Bitcoin this week, and the post-halving miner capitulation has begun. What we're starting to see, and why, when we look back, this will be remembered as a wild week.Affiliate LINKS:🇺🇸 Buy Sats on River - The best way to stack in the US🇨🇦 The Bitcoin Well - An amazing automatic self-custody Bitcoin platform⚡ The Bitcoin Company - Spending your Bitcoin Via Lightning🏦 Fold Card - Pay bills Stack Sats💵 SALT Lending - Get access to your BTC Value w/out SellingLINKS:Travis Kling on X: "All at the same timeHashrate continues to fall.When Bitcoin drops to $62K it means miners enter limbo and the first circle of Dante’s Hell.The miner capitulation is over—bitcoin’s next bull run begins. - YouTubeBitcoin (BTC) Miner CleanSpark (CLSK) to Buy Peer Griid (GRDI) for $155M Enterprise ValueFirst-quarter GDP grew a soft 1.4%, but the U.S. economy might have more ‘spring’ in its step - MarketWatchFed Rate Cuts Latest: Favorite Underlying Inflation Gauge Is Seen Cooling - BloombergDashboard | TruflationCalifornia Reveals All Job Gains In 2023 Were Fake Yahoo News clipCarl Louis on X FDIC ThreadMuntiny Wallet: Updates after DNS issues Strike launches in the UK following European rollout Jack Dorsey & Lyn Alden | The Power of Open Source - YouTubeBBC coverage of Bitcoin since 2013Nostr:Find my Nostr Public Key at ChrisLAS.comMUSIC:Live While I’m Alive by Abel James

Bitcoin under fire: New mining attacks miss the mark, why Bitcoin’s price stalled, and the critical flaws in Bitcoin Core and LND.Sponsor: http://podhome.fm Promo Code: TWIBAffiliate LINKS:Buy Sats on RiverThe Bitcoin CompanyLINKS:U.S. national debt will reach $50 trillion by 2034, CBO projectsBillionaires U.S. 2023 | StatistaMain reason why rates will get cut regardless of where inflation will stand. Credit card defaults from small lenders have hit RECORD levels Housing defaults have just hit the highest levels since 2011OG whales have sold over 50,000 $BTC in the past 10 days, totaling approximately $3.30 billion. https://thebitcoinhole.com/hardware-walletsBoltz exchange swap blog post: https://blog.boltz.exchange/p/dispatching-chain-swapsUS SEC ends Consensys investigation into Ethereum 2.0Consensys on X: The SEC has notified us that it is closing its investigation into Ethereum 2.0Energy FUD:Lieutenant Governor Dan Patrick Attacks Bitcoin Mining with FUDBitcoin mining, AI data centers increasing demand on Texas power grid, leaders say - YouTubeOklahoma Governor signs bill into law that exempts Bitcoin miners from sales tax on electricity billsOklahoma Governor Signs Bill Exempting Sales Tax for Bitcoin MiningJUST IN: Cambridge publicly acknowledges that the age of their Bitcoin mining data leads to “an overestimation in our emission estimates by ~25%”BEEST (Bitcoin Energy & Emissions Sustainability Tracker)Bitcoin Core v27.1: Bug Fixes & Performance ImprovementsLND Versions Prior to v0.17.0 Vulnerable to LND Onion Bomb DoS AttackBitBanana: Lightning Node Management for AndroidFinal Clip of the Week:T-Mobile mining Bitcoin soonTelecom Giant and T-Mobile (TMUS) Parent Deutsche Telekom Plans to Mine BitcoinMusicRunnin’ by Charley T

A new must-pass bill gives the President of the United States the power to block any Bitcoin transaction. Also, thoughts on the Fed rate and why Bitcoin Miner Bitfarms is preparing a “poison pill” strategy.Sponsor: http://podhome.fm Promo Code: TWIBLINKS:New law grants US president power to block digital asset accessSenate Bill Could Open Crypto to U.S. Sanctions, but Industry Trying to Head It OffText - S.4443 - 118th Congress (2023-2024): Intelligence Authorization Act for Fiscal Year 2025 | Congress.gov | Library of CongressPowell Admits The Biden Admin Is “Overstating” JobsPhiladelphia Fed Admits US Payrolls Overstated By At Least 800,000Wall Street Admits The Biggest Economic Shocker: All Jobs In The Past Year Have Gone To Illegal AliensBitfarms Adopt ‘Poison Pill’ Strategy to Fend Off Hostile Takeover by Riot Platforms (UPDATED)The decision follows Riot Platforms’ recent disclosure that it has acquired a 12% stake in Bitfarms, as well as a rejected $950 million acquisition offer.MusicGive My Life by Minno

Inflation be damned, central planners have decided to lower the cost of money. How the banks lowering rates impacts Bitcoin. Plus, the shocking stats of the Bitcoin ETFs, project updates, and more.Sponsor: http://podhome.fm Promo Code: TWIBLinks:Canada becomes first G7 nation to cut interest ratesBank of Canada Cuts Interest Rates to 4.75%, Signals More to Come - BloombergEuropean Central Bank cuts interest rates, diverging from the FedECB cuts rates as it raises its 2025 and 2026 inflation forecasts.ECB Raises Inflation Forecast For 2024 And 2025Bitcoin - BTC Price, Live Chart, and News | Blockchain.comBitcoin Address | Wallet Lookup - BlockonomicsUS President Joe Biden vetoes SAB 121 repealRiot Platforms Acquires 9.25% Stake in Bitfarms Following Rejected $950M Takeover OfferBitcoin (BTC) MIner Core Scientific Rejects CoreWeave’s $1B Buyout OfferSimpleX blog: SimpleX network: private message routing, v5.8 released with IP address protection and chat themesSimpleX Chat v5.8: Private Message RoutingCitadel Securities, BlackRock back Texas stock exchange projectMusicRed Light By: Tony Salomone

The increasing probability of Stagflation might cut Bitcoin's post-halving bull run off at the knees; my thoughts on the Ethereum ETF and why I'm getting skeptical of the political "tone shift."LinksApril pending home sales hit lowest level since start of pandemicThis morning’s revised data show the gov’t is basically “buying” GDP w/ debt, but getting only 50 cents on the dollar - worst deal ever…United States M2 Money Supply is now positive YoY for the first time since November 2022.Germany’s industry in decline - a giant is falling \ stacker news ~econSEC approves rule change to allow creation of ether ETFsEthereum ETF to Get 20% of Bitcoin ETF FlowsAs crypto cash floods Washington, Congress eyes gentler regulations - The Washington PostPresident Biden Announces Presidential Delegation to the Republic of El Salvador to Attend the Inauguration of His Excellency Nayib Bukele | The White HouseBiden campaign ramps up crypto industry outreach in surprising tone ‘shift’ | The Blockfaradayfedora’s Shakepay LinkSTUDY: The Personality and Motivational Characteristics of Bitcoiners🧡 Bitcoiners tend to be intellectually curious and emotionally stable🌎value personal growth, relationships, community over material possessions📈Scored significantly higher in financial literacy than the general populationSaifedean Ammous on why Bitcoin is Finical GunpowderMusicTip Toe by Jack Holliday

It's more than Trump. The three major shifts compelling the White House to halt their attack on the Crypto industry. Plus, the details around the new FIT21 bill that takes power away from the SEC, and why I think an Ethereum ETF might be bad for Bitcoin.Sponsor: http://podhome.fm Promo Code: TWIBLINKS:JPM Emly Choy Predsent and Chief Operating officer said:“The tone from the SEC has just changed literally overnight…The administration sensing some panic” Financial Innovation and Technology for the 21st Century Act (H.R. 4763) - GovTrack.usOperation Choke Point 2.0: How U.S. Regulators Fight Bitcoin With Financial Censorship - Bitcoin Magazine - Bitcoin News, Articles and Expert InsightsCustodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account ApplicationCaitlin Long FULL TESTIMONYElizabeth Warren circled wagons around embattled FDIC chief Martin Gruenberg | SemaforWhite House PDF SAP-HR4763.pdfSEC Mandates Overhaul of Ethereum (ETH) ETFPresident Biden and SEC Chair oppose major crypto bill hours before votingU.S. President Biden Does Not Threaten Veto Against House Crypto Market Structure Bill, But ‘Opposes Passage’https://relai.app/ (J’informatique's code: REL218932)p2prights.orgThe Peer-to-Peer Rights Fund Launched to Protect Open-Source Devs, Starting with Samourai CaseThis Man Did Not Invent Bitcoin - The New York TimesRipple’s Anti-Bitcoin Campaign To Promote CBDCsMusicElement Zero by Reel Richard

The surprising legal win Bitcoin scored this week and the brewing battle on the horizon. My three takeaways from the newly released Bitcoin 13F Filings, and great news for Bitcoin mining.Sponsor: http://podhome.fm Promo Code: TWIBLINKS:Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months in Prison in the NetherlandsLyn Alden on X: “Criminalizing the mere development and publication of code is an ugly precedent. If published in a book or a blog, it would mean the book or blog is illegal. An illegal order of numbers and letters. Very different than actually using code maliciously.” / XSens. Lummis, Wyden oppose Justice Dept. stance on Tornado Cash chargesCasten, Foster, Sherman, Cleaver Introduce Legislation to Temporarily Prohibit Crypto Mixers | U.S. Congressman Sean CastenText of the Bill PDFIBEX Pay Suspends Services in the United StatesAsaf Givoli on X: “🚀🌊 #Bitcoin mining in 🇵🇾 #Paraguay just got greener! Using 💯% renewable 💧 hydro-power, we’re not just mining, we’re educating! Join the movement as we power up 📚 #BitcoinEducationacross Latin America. 🌱🙌 #GreenMining #CryptoFuture #BTC https://t.co/3zbz3k1ggv” / XDaniel Batten on X: “Another nation state leader attests to the benefits of bitcoin mining Kenya has 10 GW of geothermal energy alone, 9 GW of which is completely untapped Bitcoin mining can unlock Kenya’s energy abundance, bringing renewable energy online that otherwise would have been unviable” / XBitcoin Archive on X: “BREAKING: 🇦🇷 Argentina to mine #Bitcoin using stranded gas with 1,200 bitcoin mining machines - Forbes 🔥 https://t.co/IWSxpH5okP” / XThree takeaways from Bitwise CIO’s weekly memo to investors.The State of Wisconsin Investment Board reports the following positions: BlackRock Bitcoin ETF: $99,167,688 (2,450,400 shares) Grayscale BTC: $63,687,310 (1,013,000 shares) This is a small part of a massive…" bordalix/helm-wallet: The lightning wallet even your grandma can useMusicI Need a Little by The Retrograde

The seven reasons Bitcoin's price is tanked, updates on the Samurai Indictment, and why the godmother of Modern Monetary Theory thinks it's childish for governments to be held to budgets.Sponsor: http://podhome.fm Promo Code: TWIBLINKS:JPY/USD: Japanese Yen’s Slide and Dramatic Rebound Are Just the Start - BloombergJapan is wrong to try to prop up the yenBitcoin (BTC) Trades At Slight Premium in Yen (JPY) Terms Amid Suspected BOJ InterventionYen Drops to 155 against USD. Currency Collapse at Work, -32% against USD since 2021, -50% since 2012 | Wolf StreetDOJ says Roman Storm did much more than just write code in response to defense’s dismissal motion | The BlockMicrosoft Word - Tornado Cash Govt Opp to Motions vF.docxSamourai Wallet Co-Founder Keonne Rodriguez Pleads Not Guilty, Released on $1M BondAlert on Cryptocurrency Money Services BusinessesWarren and Cassidy Send Bipartisan Letter to DOJ and DHS to Stop Crypto in the Illegal Trade of Child Sexual Abuse Material | U.S. Senator Elizabeth Warren of MassachusettsFed rate decision May 2024: Fed holds rate steadyFederal prosecutors are examining financial transactions at Block, owner of Cash App and SquareTrampoline payments Final Clip of the WeekAuthor Stehpanie Kelton goes on the Daily Show to make case for MMT and why governments shouldn’t have the same financial constraints of “businesses and households”MusicSelf Destruct by The Trusted

The Samourai Wallet founders were arrested, what we know at this point, as well as El Salvador's Chivo Wallet hack. Plus, some good news for Bitcoin's improvement proposal process, my thoughts on the Epic halving sat bidding, and why Runes won't go away anytime soon.Sponsor: http://podhome.fm Promo Code: TWIBLINKS:Epic halving sat BiddingSamourai Wallet Founders Arrested and Charged With Money LaunderingSouthern District of New York | Founders And CEO Of Cryptocurrency Mixing Service Arrested And Charged With Money Laundering And Unlicensed Money Transmitting Offenses | United States Department of Justice[bitcoindev] Adding New BIP EditorsEl Salvador’s Chivo Wallet Source Code & VPN Access LeakedWalletScrutiny - Know your wallet like you built it.Zeus v0.9.0-alpha1Jack Mallers on X: "Announcing Strike Europe 🇪🇺Bullet Proof Stacker Self-Custody Links:Buy Sats on RiverLearn RoboSatsAQUA WalletSparrow Bitcoin Wallet - Sparrow WalletGreen: Bitcoin Wallet on the App StoreMusicPlay Guitar by Doerfel Family Bluegrass