🇺🇸 The Pentagon failed its 7th consecutive audit on Friday, unable to fully account for its $824 billion budget. 🇺🇸

🇷🇺 Russia eyes crypto mining freeze in energy-hungry regions: Mining bans proposed in regions with power shortages, targeting winter months from Dec 2024 to Mar 2031. Priorities shift to essential energy needs as crypto takes a backseat. ⚡

Analysis: What are bitcoiners saying about a U.S. Bitcoin Reserve Strategy? Volatility raises questions about stability as a reserve. Speculation about global competition over bitcoin reserves. Corporate involvement could drive bitcoin prices higher. Skepticism about perceived over-speculative financial reports. Typically concerns arise over potential market manipulation. Some say bitcoin's ethos clashes with government intervention. Geopolitical responses to U.S. bitcoin adoption vary. Economic risks linked to potential future government bitcoin sell-offs. BIS guidelines allow central banks to hold volatile crypto. Government interest reflects growing trust in Bitcoin. Gold versus Bitcoin debate reignites while this is discussed. Most HODLers see validation in potential government adoption. The domino effect: nations follow the U.S. lead. Concerns over centralized holdings emerge. Skepticism toward sensationalist price predictions grows. Market manipulation worries tied to large-scale adoption. The market overall views potential U.S. adoption as bullish.

:saylor: "It’s been done before, it’s a very simple idea: figure out where the value is going to be, go buy it cheap and hold it. You’re a nation, this is what nations do. … Bitcoin is manifest destiny for the United States. I think the Trump administration understands it, I think Senator Lummis understands it … that’s why it will happen." — Michael Saylor, MicroStrategy :microstrategy:

Crypto mixer Helix founder sentenced for laundering U.S. $300 million in #bitcoin. :newsbtc:

"There is a global race for #Bitcoin going on right now. Whether you are a local, state, or federal government official, you should be figuring out how to get as much Bitcoin onto the balance sheet as possible. This is not like gold where we can just go dig up more of it out of the ground." — Anthony Pompliano :pomp: