Blink locks a few dozen drained custodial accounts and promises to make every affected user whole, and the incident is a reminder of what non-custodial on Spark does and does not guarantee. Bitcoin briefly tops $85,000, its highest level since January, as a short squeeze liquidates about $648 million of short positions. And X sues the operators of a network of Bitcoin accounts over alleged engagement manipulation. Full story details, sourcing, and links are in today's newsletter. https://www.btcbreakdown.com/p/issue-656