Street artist MEAR ONE live painting a large-scale mural at @The Bitcoin Conference.

Bitcoin 2026, Day 2:

- 800K merchants on Square
- Tap-to-pay Lightning, 0 fees
- $1 Million BTC-backed credit cards (Aven)
- DOJ: "no more regulating by prosecution" (with a catch)
- Fertilizer +87% YTD, 70% of farmers can't afford
- Musk v. Altman trial

https://www.tftc.io/bitcoin-2026-day-2-block-merchants-aven-doj-developer-rights/

Former FBI Director James Comey has been indicted again by the Department of Justice. This is the second indictment brought against him by the Trump administration.

The new charges stem from a now-deleted Instagram post from last year in which Comey shared a photo of seashells arranged to spell "8647" on a North Carolina beach. The DOJ alleges the post constituted a threat against President Trump. "86" is slang for getting rid of something. "47" refers to the 47th president. Comey has maintained the post was entirely innocent and that he was unaware of any coded meaning when he photographed it.

The first indictment, filed in September 2025, charged Comey with lying to Congress and obstructing a congressional investigation over testimony he gave in 2020. That case was dismissed after a federal judge in the Eastern District of Virginia ruled the prosecutor who secured the indictment had been improperly appointed without Senate approval.

This new case represents the administration's second attempt to prosecute one of Trump's most prominent political opponents from the intelligence community.

Lightspark CEO David Marcus unveiled a Bitcoin wallet designed for AI agents to autonomously purchase and transact with BTC.

Opening arguments started today in Musk v. Altman. Both showed up to Oakland federal court.

Before the jury was even seated, OpenAI's lawyers flagged Musk's posts on X calling Altman "Scam Altman" and accusing him of stealing a charity.

Musk's lead attorney opened by arguing AI should be built for humanity, not for Altman and Brockman. He also acknowledged Altman doesn't currently hold a stake in OpenAI, which could undermine the unjust enrichment claim.

Two claims remain from the original 26: breach of charitable trust and unjust enrichment. Musk is seeking up to $150 billion in damages. His argument is he invested in a nonprofit that was converted into a $350 billion for-profit without his consent.

Both Musk and Altman are expected to testify under oath. Trial continues this week.

Czech National Bank Governor Aleš Michl says a 1% Bitcoin allocation would deliver higher expected returns with almost no noticeable increase in risk.

LIVE: Bitcoin as Everyday Money with (janessalopez__), Head of Digital Assets Policy at Block, and (DavidZell), President of Matthew Boyer.

Going live soon! "Bitcoin as Everyday Money" at @The Bitcoin Conference.

The state of the de minimis fight. Where the bill stands on Capitol Hill and what it takes to get it passed.
https://www.tftc.io/bffs/

Yesterday we ran a live demo of the new @Bitkey with (max_guise).

Address verified on the device. Amount verified. Signed and sent.

Bitkey started with recovery, then privacy, now on-device verification.

"What we're looking at with the newest Bitkey is the same ease of use, the same seedless sovereignty, the same private multisig, but with on-device verification." - (max_guise)

Jack Dorsey's Block added 114 Bitcoin to its corporate treasury in Q1 2026, bringing the company's total corporate holdings to 8,997 BTC worth roughly $692 million.

But the bigger story is transparency. Block just published its first quarterly proof-of-reserves report, confirmed by third-party auditors. The report covers all Bitcoin the company is responsible for: 8,997 BTC in the corporate treasury plus 19,357 BTC held on behalf of Cash App customers, totaling 28,355 BTC worth approximately $2.2 billion.

Wallet addresses and cryptographic proofs are published for on-chain verification. Anyone can check them.

Block has been buying Bitcoin with a percentage of its gross profit since 2020. The company also builds Bitkey, the self-custody hardware wallet, and Proto, the Bitcoin mining chip. The proof-of-reserves report is one more signal that Block is treating Bitcoin as core infrastructure, not a speculative side bet.

OpenAI missed its internal revenue and user growth targets for Q1 2026. Wall Street is panicking. "AI bubble" headlines are everywhere.

Read the fine print. The demand didn't disappear. It moved.

Anthropic's annualized revenue hit $30 billion in April, up from $9 billion at the end of 2025 and $1 billion at the end of 2024. Claude now holds 29% of the enterprise AI assistant market, up from 18% in 2024. 70% of Fortune 100 companies use Claude. Over 500 businesses are paying Anthropic more than $1 million a year, up from roughly a dozen two years ago. Claude Code alone is generating $2.5 billion in annualized revenue.

The WSJ report itself says it plainly: OpenAI "lost ground to Anthropic in coding and enterprise markets."

This isn't demand for AI cooling off. This is demand shifting. Anthropic is eating OpenAI's lunch in the segments that generate the most revenue per customer. Enterprise clients are moving. Developers are moving. The money isn't leaving AI. It's leaving OpenAI.

The AI bubble narrative assumes the entire market is overbuilt. The actual data says the market is growing fast and one company is taking share from another. That's not a bubble. That's competition working exactly as it should.