This Week in Bitcoin

Why a .5% rate cut is such a shock, what Bitcoiners should watch for next, and where to find the signal long-term. I also share my thoughts on Trump's DeFi token, project updates, and more.Affiliate LINKS:Buy Sats on RiverThe Bitcoin CompanyLinksFed cuts rates by a half point at September 2024 meetingFederal Reserve goes big with half-point interest rate cut, its first since 2020Fed moves to protect weakening job market with bold rate cutThe Fed is making its WORST policy mistake since 1929BlackRock Presentation - Bitcoin a Unique Diversifier.pdfThe Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action | Uncovering Evidence of Massive Fraud in Property Tax Valuations | Podcastindex.orgTrump's crypto business presents possible conflict of interestProject UpdatesSparrow 2.0.0 releasedRiver Proof of Reserves: Setting a new standard for Bitcoin exchangesRiver's Proof of Reserves PageWhat Is Proof of Reserves? Bitcoin Proof of Reserves - River - YouTubeMusicDon't Take This For Granted - By: Two Weeks In Nashville

Using a Bitcoin lens, I'll explain why the housing market is propping inflation numbers up and why traditional "experts" can't explain it.Plus, a Bitcoin reality check, my thoughts on a town that claims to be getting sick from the local Bitcoin mine,  a visit to noobie corner, and a lot more.Affiliate LINKS:Buy Sats on RiverThe Bitcoin CompanyLinksHere’s the inflation breakdown for August 2024 — in one chart37% of US small businesses have seen their earnings drop over the last 3 monthsGood news for consumers: Some experts say companies are done with price gouging.US economy is rapidly slowing - Global Markets Investor Dow falls 400 points, Nasdaq reverses losses after CPI reportHigher 'core' inflation in CPI could derail chance of larger Fed rate cut How Many Americans Own Stock? Median Sales Price of Houses Sold for the United States (MSPUS) | FRED | St. Louis Fed314% increase since 1999 for the average US family health insurance premium.Apple's treasury lost $15b in the past decadeRiver Report: Why Business Bitcoin Adoption Grew by 30% in 1 YearInside the Texas bitcoin mine reportedly making residents sick - YouTubeMarathon's Commitment to Granbury, TX | MARA GranburyMichael Saylor on CNBC Today - $13 Million BITCOIN - YouTubeNoobie CornerHow Bitcoin Fees Work Managing LN wallets liquidityBitcoin’s UTXO Model: What Is It and How to Manage UTXOsMore UTXOs, more problems: High fees, signing failures, and how to avoid themHow does Liquid keep my transaction data confidential? Aqua Bitcoin Wallet: A Beginner's Guidemempool.space UpdatesAlby goRoboSats v0.7.0-alpha: Desktop App, Nostr Orderbook & MorePeter Schiff & Jack Mallers Debate Bitcoin Vs. Gold, Collapse Of Dollar - YouTubeMusicDevil's Hand by Luke Wood

A breakdown of Bitcoin credibility attacks this week, plus a review of some macro-sickness and the no-good, real lousy month for Bitcoin miners.Affiliate LINKS:Buy Sats on RiverThe Bitcoin CompanyLinksAmericans Are Really, Really Bullish on Stocks - WSJEconomic & Market Update | J.P. Morgan Asset Management"Nikkei 225 down 3.7% and the usd/yen headed lower. Looks like we are about to find out how much of that Yen Carry Trade is still out there.Government hiring is inflating jobs numbers.Ueda Reiterates That BOJ Will Lift Rates If Outlook Realized - BloombergBank of Canada delivers third straight interest rate cut, bringing policy rate down to 4.25 per centMining: revenues drop in August and difficulty at all-time highsBitcoin miners sold 2,655 $BTC over the weekend, worth around $154 million!CNBC reports that almost half of all corporate money raised for the presidential election is from Bitcoin and crypto.New FTC Data Shows Massive Increase in Losses to Bitcoin ATM Scams | Federal Trade CommissionNorth Korea Aggressively Targeting Crypto Industry with Well-Disguised Social Engineering AttacksMusicFree by Tony Salomone

US employment fell by 818,000 jobs in the latest Government revision. I'll break down the report and what it means for Bitcoin. Plus, a batch of news, Bitcoin basics, and more.Affiliate LINKS:Buy Sats on RiverThe Bitcoin CompanyNews LinksThe Bitcoin Office (@bitcoinofficesv): "🇸🇻EL SALVADOR CONTINUES TO TRAILBLAZE! El Salvador will soon begin providing #Bitcoin instruction and certification to 80,000 public servants." | X CancelledIllicit Finance - National Crime AgencyGerman Authorities Seize $279,000 in Bitcoin ATM Crackdown - DecryptNonfarm payroll growth revised down by 818,000, Labor Department saysNonfarm payroll growth revised down by 818,000, Labor Department saysFed's Powell Confronts Policy Crossroads With All Eyes on Jackson Hole - BloombergPowell may use Jackson Hole speech to hint interest rate cuts | AP NewsWatch Live: Fed Chair Jerome Powell at Jackson Hole | WSJ - YouTubeBitcoin ETFs Record 14% Increase in Institutional Investors' Adoption | CoinspeakerWhy Wall Street Is Investing in Bitcoin ETFs: A Q2 2024 AnalysisGrayscale’s Share of Bitcoin ETF Market Falls Below 25% as Rivals Rise - DecryptInstitutions Increased Their Bitcoin (BTC) ETF Allocation in Second Quarter, Bitwise SaysSpot Bitcoin ETFs maintain positive flows for 8 out of the last 10 daysvitalik.eth on X: "I have been told that I need to "do less philosophizing and do more ethereum bullposting".Noobie Corner LinksThe Lightning Network, Explained. Bitcoin has a frequently cited… | by Blockchain.com | @blockchain | MediumBisq - A decentralized bitcoin exchange networkLearn RoboSatsProject UpdatesFountain 1.1 - Open Social Podcasting Powered by NostrRelease v0.9.0-rc1 · ZeusLN/zeusAnatomy of BitcoinMusicSwamp Thing by Abel James

Job done! Didn't you notice? Inflation has been licked; the Yen carry trade is nearly wound down, and the fed is about to cut. What could go wrong?!Affiliate LINKS:Buy Sats on RiverThe Bitcoin CompanyLinks:Wholesale inflation shows few warning signs. Fed interest-rate cut still on track.US PPI July 2024: Producer Prices Increased by Less Than Forecast - BloombergCredit Card and Auto Loan Delinquencies Surge in the Second Quarter – MishTalkThursday morning JP Morgan said 75% of the carry trade was unwound. NEW EVIDENCE THAT Kamala Harris WILL CONTINUE CRYPTO CRACKDOWNDemocrats launch 'Crypto for Harris' campaign to counter Trump’s industry appealCrypto executives clash with Democratic leaders in heated Zoom meeting President Trump's 20 core promises to America - No Bitcoin on thereTim Pool on X: "The CIA invented bitcoinProjects:Lightning.PubJustin (shocknet)⚡ on X: "Huge milestone ⚡️Mutiny Wallet is Shutting DownOlympus by ZEUS x Lightning.Pub integrationFinal Clip:Bitcoin: Global Utility w/ Alex Gladstein - YouTubeMusic1night by Daddy NAT

The four horsemen of the apocalypse are riding roughshod over Bitcoin… and the no-coiners are cheering. I'll break down the FUD, separate facts from fiction, and explain what set all this off.Affiliate LINKS:Buy Sats on RiverThe Bitcoin CompanyLinks:Japan's stock market, the Nikkei 225, is currently set to post its largest 2-day drop in history. The Bank of Japan (BoJ) is caught between tightening monetary policies, risking a collapse of the carry trade, or maintaining low rates, which threatens financial stability. Magnificent Seven set to shed $1 trillion in value, led by Apple, NvidiaTreasuries Surge as Traders Bet on Emergency Fed Rate CutSchwab, Fidelity resolve temporary disruptions on frenetic trading dayAre Banks Sweeping Dud Property Loans Under the Rug? - WSJBiden's Treasury accused of trying to juice U.S. economy pre-electionSchwab, Fidelity resolve temporary disruptions on frenetic trading dayThe Japanese Yen has retraced an entire year's worth of price action in just 26 days.Dow tumbles 1,000 points, S&P 500 posts worst day since 2022 Wharton's Jeremy Siegel says Fed needs to make an emergency rate cutCarry trades: A major unwinding is underway amid a stock sell-offThe Reason Behind Bitcoin's Price Crash: Arthur Hayes SpeculatesBitcoin Crash Wipes Out 18% Of Profitable Investors In 24 Hours - BitcoinWorldBitcoin Falls Below $53K, Wiping Out $600M in Leveraged Longs - Co…Saylor's $2 Billion Bitcoin Plan Amid Market ChaosPolymarket 26% chance of U.S. Recession in 2024Tezos co-founder calls Bitcoin “pretend internet money” on CNBCTezos Price Price ChartTezosMusicJim Cramer pumps Crowdstrike and dumps Bitcoin by Annonymal

I discuss the macro mayhem this week and why it's time for Bitcoin to shine. I also explored the Bitcoin Reserve bill and tried Alby Hub & Cloud.Affiliate LINKS:Buy Sats on RiverThe Bitcoin CompanyLinks:The Magnificent 7 stocks have now erased a combined $2.6 TRILLION of market cap over the last 20 days.All while deficit spending as a percentage of GDP is currently at World War 2 levelsBloomberg just confirmed businesses are warning investors they're unable to pass on costs to the consumer anymore.A week ago we saw the biggest one-day drop for the S&P 500 since December 2022Quarterly Refunding Statement of Assistant Secretary for Financial Markets Josh FrostUS Plans to Hold Note, Bond Sales Steady for ‘Several Quarters’'We Did It—Congratulations': David Schweikert Decries US Reaching $35 Trillion In National Debt - YouTubeHawkish FOMC 'Still Waiting For Greater Confidence' On Disinflation Quarterly Refunding: Treasury To Hold Bond, Note Sales Steady For "Several Quarters", Will "Modestly Increase" Bill Offering SizeTrump Embraces the “Bitcoin-Dollar”, Stablecoins to Entrench US Financial Hegemony Lummis-Gillibrand Payment Stablecoin Act The Bitcoin-DollarTether holds more US Treasuries than Germany, ranks 19th globally Lummis Announces Revolutionary Proposal to Supercharge the Dollar, Bolster U.S. Economy  » Senator Cynthia LummisCynthia Lummis Unveils Bitcoin Strategic Reserve Bill - YouTubeSenator Cynthia Lummis long-term thinking is to prop up the dollarRussia Legalizes Crypto Mining and Brings and Experimental Cross-Border Exchange RegimeStrike on X: "Our pilot program with @BtcpayServer at @TheBitcoinConf was a success!God Bless Bitcoin | Full Movie | Documentary - YouTubeBITCOIN Myths ₿usted - YouTubeMusicKurtisdrums | 4am 4ever

Highlights from the Bitcoin 2024 Nashville conference. I monitored the conference, so you don't have to. The story behind the news made at the event.Affiliate LINKS:Buy Sats on RiverThe Bitcoin CompanyLinks:Trump proposes strategic national crypto stockpile at Bitcoin ConferenceUS 2024 Election: Trump Plans Bitcoin (BTC) Strategic Reserve, RFK Jr. Says - Bloomberg🇺🇸 Senator Tim Scott says, "Bitcoin’s future has to be in America.🇺🇸 US Senator Bill Hagerty explains why he loves Bitcoin at the Bitcoin 2024 Conference in NashvilleU.S. Congressman Ro Khanna says the U.S. needs to be leaders in Bitcoin “Let America lead”Democratic Lawmakers Urge Pro-Crypto Stance in Open Letter to DNC Democrat politicians have written a letter to the DNCKamala Harris campaign reaches out to crypto industryMusic:Politics Be Damned 

Conference hype vs. reality check. Plus, the big banks admit massive KYC/AML failures and then offer worse solutions. Plus, why the Ethereum ETF won't dethrone Bitcoin.Affiliate LINKS:Buy Sats on RiverThe Bitcoin CompanyLinks:Asset manager says Trump admin may make Bitcoin strategic reserve assetTrump to deliver potentially ‘historic’ message while at Nashville, TN Bitcoin conference - YouTubeBitcoin as US reserve currency: Trump team reportedly considers adding BTC to Treasury | Kitco NewsBitcoin 2024 - NashvilleEric Balchunas on X: "Here’s BlackRock’s Ether pitch to normiesBanks Find AML “Ineffective”, Propose Access To Social MediaAbout - Wolfsberg GroupWolfsberg Group Statement on Effective Monitoring for Suspicious Activity.pdfHow Money & Banking Work (& why they’re broken today) - Lyn Alden - YouTubePrinciples for Dealing with the Changing World Order by Ray Dalio - YouTubeProton Launches Proton Wallet Alby Hub ✨Lightning sovereignty for everyonehub on GitHubFold Is Set to List on NASDAQ with Over 1000 BTC in Corporate TreasuryACH Bill Pay Rewards – FoldNatalie Brunell ⚡️ on X: Bitcoin is the bridge from chaos to hope.Music:Cool Summer by Tony Salomone

We're on the verge of a significant shift in Western Central Bank monetary policy, and I'll bring the receipts to back it up. Plus, some interesting data coming out of the Mt Gox and German government selling and a critical project update.Affiliate LINKS:Buy Sats on RiverThe Bitcoin CompanyLinks:Fed faces cooling job market and persistently high prices, Powell says to Congress | AP NewsUS economy no longer overheated, Fed’s Powell tells Congress Fed Chair Jerome Powell says ‘some pain’ is on the horizon. April, May revised downGerman Government has sold 76% of its BitcoinEric Balchunas on XMt Gox Repayment Plan PDFWasabi Wallet on X: "We have been informed that a coordinator named WasabiCoordinator is trying to slowly siphon funds from its users using a sophisticated attack.Primal Android v1.0.3BitfinexCelsius is going after over 5000 people that withdrew their money from Celsius within 90 days of their bankruptcy.God Bless Bitcoin Documentary on X: "God Bless Bitcoin OFFICIAL TRAILER!MusicFiat Prison Blues by Brrreadfan

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 RiverThe Bitcoin CompanyLINKSTreasury, 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 RiverThe Bitcoin CompanyLINKS: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