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Daily News on Bitcoin and Lightning. #BitcoinNews

Relays (9)
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Recent Notes

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BESSENT ADMITS U.S. USED THE DOLLAR AS A WEAPON AGAINST IRAN, CAUSING HYPERINFLATION

“We created a dollar shortage in the country. It came to a swift conclusion.”

Scott Bessent says the pressure peaked after a major Iranian bank collapsed following a bank run, forcing the central bank to print money.

Result: the Iranian rial plunged to ~1.5M per dollar, inflation surged, protests spread nationwide, and Bitcoin prices in Iran spiked to ~100B IRR in recent weeks.

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If you’ve never tried to get your Bitcoin off an exchange and into self custody, tonight would be a great time to learn.
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ODDS OF CLARITY ACT PASSING JUMP TO 69% AS SCHUMER IS “VERY DESPERATE” TO CUT A DEAL

Sander Lutz reports Senate Democrats wrapped a closed door meeting today on the crypto market structure bill.

Chuck Schumer is said to be pushing hard after Fairshake unveiled a $193M midterms war chest, per a Senate source.

But pro crypto Dems still draw a red line on outlawing Trump’s crypto ventures, and the White House is unlikely to budge.

That’s assuming banks and Coinbase even reach a deal on stablecoin yield this month.

Still, betting markets continue to price in higher odds that the bill gets over the line.

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ESPTEIN EMAIL CLAIMS THE GOLD IN FT. KNOX IS COMPLETELY MISSING

An email from the Epstein files cites a report allegedly prepared for Vladimir Putin by Russia’s Federal Security Service claims former International Monetary Fund chief Dominique Strauss-Kahn uncovered evidence that U.S. gold reserves at Fort Knox were “missing or unaccounted for.”

According to the report, Strauss-Kahn grew concerned after the U.S. allegedly stalled delivery of 191.3 tons of gold owed to the IMF under a 1978 agreement to fund SDRs.

It further alleges that after raising concerns with officials tied to Barack Obama, Strauss-Kahn was shown evidence by “rogue elements” within the Central Intelligence Agency that the gold was gone.

Strauss-Kahn was later charged and jailed in the US for sex crimes on May 14th after his discovery about Ft. Knox.


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NEW: Rep. Thomas Massie says he introduced multiple amendments to the omnibus bill that were all blocked.

These include a proposal to prohibit the creation of central bank digital currencies, which he warns would enable financial surveillance and control over Americans’ wallets.