Fresh Summer FUD and Macro Mess

Bitcoin under fire: New mining attacks miss the mark, why Bitcoin’s price stalled, and the critical flaws in Bitcoin Core and LND.

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LINKS:

• U.S. national debt will reach $50 trillion by 2034, CBO projects
• Billionaires U.S. 2023 | Statista
• Main 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 2011
• OG whales have sold over 50,000 $BTC in the past 10 days, totaling approximately $3.30 billion.
• https://thebitcoinhole.com/hardware-wallets
• Boltz exchange swap blog post: https://blog.boltz.exchange/p/dispatching-chain-swaps
• US SEC ends Consensys investigation into Ethereum 2.0
• Consensys on X: The SEC has notified us that it is closing its investigation into Ethereum 2.0

Energy FUD:

• Lieutenant Governor Dan Patrick Attacks Bitcoin Mining with FUD
• Bitcoin mining, AI data centers increasing demand on Texas power grid, leaders say - YouTube
• Oklahoma Governor signs bill into law that exempts Bitcoin miners from sales tax on electricity bills
• Oklahoma Governor Signs Bill Exempting Sales Tax for Bitcoin Mining
• JUST 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 Improvements
• LND Versions Prior to v0.17.0 Vulnerable to LND Onion Bomb DoS Attack