PLEB PARTY NASHVILLE 😀

When: July 25th
Details: 12-Hour Open Bar + Food

Ok enough talk about parties and food - lets take a look at what’s going on in each of the news categories!

LATEST NEWS 📰

🙌 ADOPTION

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

• Zurich University of Applied Sciences introduces Europe's first master's program dedicated solely to Bitcoin: the "CAS in Bitcoin Economy HWZ," aimed at financial sector students.

• Mutiny Wallet unveils Harbor, an e-cash desktop wallet for better Bitcoin privacy. All communication runs over Tor and Mutiny is not involved in any connections or transactions.

⚖️ LEGAL

• University of Austin & Unchained partner to create a $5 million endowment fund entirely in Bitcoin. The university plans to hold the BTC for at least 5 years.

• Mt Gox begins distributing Bitcoin to creditors, moving 42.9K BTC from its 138K BTC balance, 10 years after its collapse.

• Gemini Earn users receive $2.18 billion of their digital assets from the defunct lender. If users had lent one Bitcoin in the Earn program, they will receive one Bitcoin back.

📈 MARKETS

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

• Semler Scientific ($SMLR) announces the purchase 581 Bitcoin for approximately $40 million as part of its “bitcoin treasury strategy.”

• Metaplanet board authorizesthe purchase of an additional ¥250 million ($1.59 million) worth of Bitcoin.

⛏️ MINING

• OCEAN Mining Pool chooses El Salvador as its new international headquarters.

• The prototype of a solderless ASIC chip for Bitcoin mining allows for the quick replacement of failed chips and reduces e-waste.

• Riot Platforms acquires a 9.25% stake in Bitfarms, becoming a major shareholder, after Bitfarms rejected Riot's $950M acquisition offer.

🗳️ POLITICS

• Trump explores how Bitcoin could help address the U.S. national debt issue and becomes the first major presidential candidate to accept donations via the Lightning Network.

• Argentina's Milei is proving not to be the explicitly pro-Bitcoin president many had expected.

• Oklahoma Senate passes House Bill 1600, exempting sales of equipment for commercial Bitcoin mining from taxes. This includes servers, computers, electricity, software, cabling, and transformers.

BAMS 2 SATS 🧢

Bitcoin's game theory appears to be unfolding. Shortly after the Japanese firm, Metaplanet, published its white paper, stating they were following Michael Saylor’s BTC accumulation playbook, a new public non-Bitcoin company announced the initiation of their Bitcoin strategy. This week, Semler Scientific shocked the market, announcing a $40 million Bitcoin purchase, amassing 581 Bitcoin as part of their "Bitcoin treasury strategy."

If you've been following the space, you might agree that what was once seen as a bold move by MicroStrategy was bound to evolve into a movement. However, the story doesn't stop with institutions; politics seems to have entered the game as well.

As we near the US elections this fall, it appears that the Republicans are acknowledging the approximately 50 million Bitcoin and "crypto" holders who aim to make their voices heard. Last weekend, news emerged that Donald Trump pledged to safeguard self-custody of Bitcoin and to free Ross Ulbricht on his first day in office if he becomes president.

It's evident that Bitcoin has become a new political tool, as demonstrated by its current use by Trump, and it will likely be leveraged by Biden as well. Personally, I'm skeptical of anything from politicians, but the fact that candidates are targeting this segment of the population—Bitcoiners—right after Bitcoin Spot ETFs have become the best performing ETFs in history is quite validating.

Perhaps it is true that 2024 is shaping up to become the first Bitcoin election.

Remember to stay humble and stack those sats!

Bam

WILL THE POWER LAW BREAK? 💹 

By now I’m sure you’ve heard of the Power Law (if not, have you been living under a rock or are you just not on Bitcoin Twitter?)

Check out our latest video below in which Luke Mikic and the infamous @checkmate_ dive into will the Power Law break?👇