Greetings Bitcoiner,

Welcome to Issue #319 of the Bitcoin Breakdown daily newsletter, where we’re rounding up the most talked-about developments in the Bitcoin-only space from the past weekend with our Quick Bits and Quick Media sections.

But first, today’s Top Stories:

• 📺 Coinbase Blasts UK After 'Everything Is Fine' Ad Gets Censored

• ⛏️ Bitcoin Mining Difficulty Hits Record High, Triggers Global Power Shift

• 🕵️ Massive 127K BTC Theft from Chinese Mining Pool Finally Exposed

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TODAY’S TOP STORIES

📺 Coinbase Blasts UK After 'Everything Is Fine' Ad Gets Censored

Coinbase CEO Brian Armstrong defended the company's controversial UK advertisement that was banned by television networks, claiming it contained a 'kernel of truth' about Britain's financial system. The satirical 'Everything is Fine' video depicted economic decay, including leaking homes and rising prices, which critics said diminished the UK's reputation under Prime Minister Keir Starmer. Armstrong insisted the ad wasn't political but rather highlighted Bitcoin and crypto's potential to improve traditional finance. The Block

⛏️ Bitcoin Mining Difficulty Hits Record High, Triggers Global Power Shift

Bitcoin's mining difficulty has soared to a record 127.62 trillion, reflecting intense global competition and increased processing power securing the network. Russia and China are seizing mining dominance while the US loses ground due to expensive energy and regulations. The cyclical adjustment mechanism maintains Bitcoin's ten-minute block target while preserving its deflationary supply and digital gold scarcity proposition. With 94% of Bitcoin's 21M supply already mined, its stock-to-flow ratio remains twice as scarce as gold, maintaining price stability through controlled supply. Cointelegraph

🕵️ Massive 127K BTC Theft from Defunct Chinese Mining Pool Finally Exposed

Arkham Intelligence has uncovered a staggering 127,426 BTC theft from Chinese mining pool LuBian that went undetected for over four years. The December 2020 cyberattack, exploiting vulnerable private key generation, made the hacker the 13th-largest Bitcoin holder with assets now worth $14.5B. LuBian desperately sent over 1,500 pleading messages to the attacker but never recovered the funds; their subsequent mysterious disappearance in 2021 now explained. DLNews

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QUICK BITS

• Marine Le Pen's far-right Rassemblement National party in France dramatically shifts from opposing Bitcoin in 2016 to proposing domestic mining with France's nuclear energy surplus by 2025.

• Fold, a Nasdaq-listed Bitcoin financial services company, partners with prepaid gift card provider Blackhawk Network to distribute BTC gift cards across over 400K retail locations nationwide.

• JP Morgan analysts report that Bitcoin miners have achieved record profits in July, highest since April 2024 halving, despite facing increased mining difficulty and operational costs.

• Industry analysts debunk fresh China Bitcoin ban rumors, confirming that no new Bitcoin ownership curbs have been imposed.

• Iconic Satoshi Nakamoto statue in Lugano, Switzerland, has been recovered from Lake Lugano after vandals tossed it into the water during Swiss National Day celebrations.

• El Salvador's parliament approves constitutional reforms allowing unlimited presidential re-election and extending presidential terms from five to six years, enabling President Nayib Bukele to remain in power for longer, provided he keeps winning elections.

• UK’s Financial Conduct Authority reverses 2021 ban on Bitcoin and crypto Exchange Traded Notes (ETNs), allowing retail investors access starting October 8, 2025.

• Michael Saylor defends (Micro)Strategy's massive Bitcoin holdings which amount to about 3% of the total BTC supply, stating that owning even up to 7% of BTC supply isn't 'excessive'.

• Tesla reports nearly a $300M profit on its Bitcoin goldings during Q2 2025, but the electric vehicle maker could have earned over $4B if it hadn't sold 75% of its BTC holdings during the 2021–2022 bear market.

• NYDIG suggests that the SEC's decision to raise bitcoin ETF options position limits could reduce volatility through covered call strategies while boosting spot demand.

• Canadian teenager receives 12-month sentence and $308K in fines for orchestrating $37M Bitcoin SIM-swap heist and 𝕏 account hacking spree that targeted Bitcoin and crypto investors.

• Panama's Alternate Deputy Gabriel Solis champions a bill that would establish a Bitcoin and crypto regulation framework that would recognize Bitcoin and stablecoins as payment methods while establishing tax incentives.

• Blockstream CEO Adam Back highlights that the well-known 'Bitfinex whale' has been accumulating up to 300 BTC daily using time-weighted average price strategies.

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QUICK MEDIA

• Coinbase releases a darkly comic 'Everything Is Fine' campaign satirizing UK's 2025 economic struggles including inflation, housing crisis, and millionaire exodus to Dubai (Jul 31 | 2:02 min watch). 

• Matthew Kratter of Bitcoin University argues that governments worldwide are erecting a 'digital prison' through censorship laws, biometric ID, and CBDCs, and urges viewers to counter this trend with decentralized tools like Bitcoin and Nostr (Aug 3 | 10:06 min watch). 

• Mark Moss, a financial educator, analyzes Bitcoin's potential price trajectory using stablecoin growth projections under Trump administration policies, arguing Bitcoin could reach $600k-$1.4M by 2030 based on mathematical correlations and the 'Genius Act' stablecoin legislation (Aug 1 | 12:33 min watch).

• Adam Livingston, author of 'The Great Harvest', argues that Bitcoin is more than technology — it's a monetary system aligned with divine law (the Logos), embodying transcendental properties like universality, immutability, and objectivity that reflect God's truth, contrasting sharply with the deceptive nature of fiat currency systems (Aug 4 | 14:44 min watch). 

• The Bitcoin Fix observes that the US economy is undergoing a major transformation driven by AI's massive energy demands, manufacturing resurgence, and Bitcoin regulation, with Bitcoin emerging as both a grid-stabilizing energy consumer and scarce digital asset that complements AI infrastructure development (Aug 1 | 6:03 min watch).

• Nathan and Gary from Bitcoin Mentor discuss a Bitcoin holder losing 7.4 BTC to a fake Sparrow wallet mobile app, while highlighting the critical need for security education (Aug 4 | 9:57 min watch). 

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