Full Spectrum MoE, Roman Storm Ruling, and CRE Hits COVID Highs

Your daily bitcoin and macro intelligence briefing. AI-generated audio from the TFTC Bitcoin Brief newsletter, written and curated by Marty Bent. • Bitcoin covers the full medium-of-exchange spectrum, from AI agents buying compute on Lightning to Iran demanding BTC tolls at the Strait of Hormuz • The oil trade endgame: multisig escrow for international settlement using bitcoin's base layer and 1,000+ EH/s of thermodynamic finality • Bitcoin as neutral Schelling point is descriptive, not prescriptive, good for all sides of geopolitical divides • Roman Storm's acquittal motion heard today at Thurgood Marshall Courthouse, testing whether open-source code is protected speech • China's e-CNY adoption craters as citizens reject surveillance money in favor of Alipay and WeChat Pay • Schwab research finds even 1-3% bitcoin allocation "meaningfully reshapes portfolio behavior" • CMBS delinquencies jump to 7.55%, highest since COVID peak, with $2B+ in newly delinquent loans • GDP craters from 4.4% to 0.5%, dollar having worst year since 2017, federal debt at $39T • Mining hardware tariffs could push ASIC costs above $14K, shifting U.S. hashrate abroad Get the full written brief with all links, sources, and on-chain data — subscribe free at tftc.io/bitcoin-brief