Revolut Data Exposure, Electrum Update, and Bitcoin Macro 2026

Revolut complied with a government request and handed over the complete Bitcoin transaction histories of 270,000 users. The exposure was not a hack, but a compliance action that raises concerns about custodial privacy. Ben explains why this data leak is more dangerous than a typical breach. He also urges every Lightning and Electrum user to install the Electrum 4.8.2 security update without delay. The update addresses recent vulnerabilities and improves transaction privacy. The discussion links the Iran war oil shock, which pushed oil prices past $100, and an imminent Fed rate hike to a stronger case for neutral, sound money. MicroStrategy’s recent $139 million buyback and its 845,000 BTC holdings are highlighted as significant macro factors. The CLARITY Act Senate vote is mentioned as a potential regulatory change. Foundation Devices is moving to fully open‑source hardware, a development the host calls larger than it appears. The episode also references the $1.97 trillion FY2026 deficit and the expansion of 130,000 street cameras, illustrating the growing surveillance state and its impact on financial privacy.