Fresh Summer FUD and Macro Mess
This Week in Bitcoin · 
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 (https://www.washingtonpost.com/business/2024/06/18/national-debt-budget-projections-cbo/)
• Billionaires U.S. 2023 | Statista (https://www.statista.com/statistics/220093/number-of-billionaires-in-the-united-states/#:~:text=In%202023%2C%20there%20were%20around,the%2066%20billionaires%20in%201990.)
• Main reason why rates will get cut regardless of where inflation will stand. (https://x.com/MichaelAArouet/status/1801912989856969162)
• Credit card defaults from small lenders have hit RECORD levels (https://x.com/GameofTrades_/status/1803135591111926143)
• Housing defaults have just hit the highest levels since 2011 (https://x.com/GameofTrades_/status/1803437581016899858)
• OG whales have sold over 50,000 $BTC in the past 10 days, totaling approximately $3.30 billion. (https://x.com/martypartymusic/status/1801940064147997006)
• https://thebitcoinhole.com/hardware-wallets (https://thebitcoinhole.com/hardware-wallets)
• Boltz exchange swap blog post: https://blog.boltz.exchange/p/dispatching-chain-swaps (https://blog.boltz.exchange/p/dispatching-chain-swaps)
• US SEC ends Consensys investigation into Ethereum 2.0 (https://paymentexpert.com/2024/06/19/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 (https://x.com/Consensys/status/1803230653120659641)
Energy FUD:
• Lieutenant Governor Dan Patrick Attacks Bitcoin Mining with FUD (https://x.com/LtGovTX/status/1800968003636408657)
• Bitcoin mining, AI data centers increasing demand on Texas power grid, leaders say - YouTube (https://www.youtube.com/watch?v=j-zBtx1kGwU)
• Oklahoma Governor signs bill into law that exempts Bitcoin miners from sales tax on electricity bills (https://x.com/BitcoinMagazine/status/1801768242630852866?t=-4_jIvOo2LOrPsTsmogdbA&s=09)
• Oklahoma Governor Signs Bill Exempting Sales Tax for Bitcoin Mining (https://coinmarketcap.com/community/articles/666d7d6ec49eee3092af28d6/)
• JUST IN: Cambridge publicly acknowledges that the age of their Bitcoin mining data leads to “an overestimation in our emission estimates by ~25%” (https://x.com/dsbatten/status/1801631410689634314?s=12&t=E9EIlRX-vHxbQ8g23lQU3A)
• BEEST (Bitcoin Energy & Emissions Sustainability Tracker) (https://www.da-ri.org/articles/beest-bitcoin-energy-emissions-sustainability-tracker)
• Bitcoin Core v27.1: Bug Fixes & Performance Improvements (https://www.nobsbitcoin.com/bitcoin-core-v27-1/)
• LND Versions Prior to v0.17.0 Vulnerable to LND Onion Bomb DoS Attack (https://www.nobsbitcoin.com/lnd-versions-prior-to-v0-17-0-vulnerable-to-lnd-onion-bomb-dos-attack/)