Greetings Bitcoiner,

Welcome to Issue #375 of the daily Bitcoin Breakdown, where we have some excellent Opinion & Analysis pieces and Tools & Projects for you today!

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Now for today’s Top Stories:

• 🛍️ Square Enables 4M Merchants To Auto-Stack Sats

• 🐋 Whales Make Waves as $4B in BTC Moves

• 🇬🇧 UK Unlocks Bitcoin ETNs for Retail Investors

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Oct 9, 2025

TODAY’S TOP STORIES

🛍️ Square Enables 4M Merchants To Auto-Stack Sats

Jack Dorsey’s Block is rolling out Square Bitcoin to 4M US merchants to convert part of their card sales directly into BTC, hold or withdraw it, and – starting November 10 – accept BTC payments via their terminals. Powered by Lightning Network, the service enables instant settlement in BTC or dollars, and could instantly onboard hundreds of thousands of businesses to Bitcoin as a treasury asset, making sats a standard part of daily commerce. The announcement sent Block’s stock to its highest point in 8 months. Cryptonews

🐋 Whales Make Waves as $4B in BTC Moves

Bitcoin’s on-chain data shows over $4B worth of long-dormant BTC shifting in the past 24 hours, with whales sparking debate over whether it’s profit-taking or strategic capital rotation. These 3-5 year old coins stirred just after BTC hit $126K before pulling back, hinting at rising volatility. Analysts see $118.6K as key support and $128K as the next upside target, with bullish divergences suggesting this pullback could be prime accumulation territory for Bitcoin believers. Coinpedia

🇬🇧 UK Unlocks Bitcoin ETNs for Retail Investors

The UK’s Financial Conduct Authority has officially ended its 4-year retail ban on bitcoin and crypto exchange-traded notes, allowing firms to list them on regulated venues like the London Stock Exchange. Research predicts the UK Bitcoin and crypto market could jump 20%, with nearly a third of adults interested, especially younger investors. ETNs offer BTC exposure in tax-efficient wrappers like ISAs and pensions, bringing the UK closer to global peers and reigniting its push to be a digital asset powerhouse. Bitcoin Magazine

POLL #375

PREVIOUS POLL RESULTS

OPINION & ANALYSIS

• Blisshodl, an advocate for Bitcoin, freedom tech and flag theory, warns that a digital gulag system using surveillance, digital identity, CBDCs and social credit threatens to control populations by 2030, urging readers to exit traditional banking for Bitcoin and freedom tech before capital controls become irreversible (Oct 9 | 10 min read).

• Korok Ray, author of the 'Principles of Bitcoin' newsletter, explores in a piece for Forbes whether a miner with 10x faster hardware could achieve monopoly status, concluding that Bitcoin's difficulty adjustment mechanism would prevent it (Oct 8 | 3 min read).

• Sylvain Saurel, author of the 'In Bitcoin We Trust' newsletter, argues that Bitcoin serves as more than a monetary revolution by teaching frugality and empowering individuals to reject consumer society's pressure to spend depreciating fiat currency (Oct 8 | 7 min read).

• Theo of Fountain podcasting app writes that the current streaming payout model exploits artists through delayed payments and pooled royalties that benefit major labels, and argues that the Lightning Network's real-time micropayments and Value for Value ecosystem enables musicians to earn directly from listeners instantly (Oct 8 | 5 min read).

• SightBringer, an analyst who tries to predict macro events, argues that Meanwhile's Bitcoin-denominated life insurance platform represents Bitcoin crossing the final institutional threshold by penetrating the insurance sector, creating reflexive demand loops that embed Bitcoin into civilization's deepest financial time horizons as trust collateral (Oct 8 | 3 min read).

• Nic Carter, partner at Castle Island Ventures, argues that stablecoins effectively privatize dollar issuance and outperform theoretical CBDCs, countering Stanford professor Dr Amit Seru's call for government-issued digital currency to maintain US monetary control (Oct 8 | 19 min read).

• William K Santiago of PrivKey argues that the GENIUS Act of 2025 enables a 'silent coup' where stablecoins and Bitcoin-backed instruments systematically reshape global finance from inflationary fiat systems toward deflationary digital money (Oct 7 | 4 min read).

• Erik Cason, author of 'Cryptosovereignty', argues that Bitcoin represents a revolutionary form of ethnogenesis where cryptographic proof replaces political authority, creating a new 'People of the Oath' bound by verification rather than violence (Oct 7 | 13 min read).

• Jaran Mellerud from Hashlabs explains how leasing miners works as an alternative to buying outright, using Hashlabs' Lease-to-Mine program to demonstrate when spreading hardware costs over time makes financial sense despite higher total expenses (Oct 6 | 5 min read).

• Philip Shishkin, a former Wall Street Journal correspondent, details how Georgian billionaire Bidzina Ivanishvili allegedly orchestrated the kidnapping of his former aide George Bachiashvili to seize his $1B bitcoin fortune (Oct 5 | 12 min read).

TOOLS & PROJECTS

• New on Geyser: Blockchain Benin organizes a Christmas 2025 event to bring joy to 200 disadvantaged children in Cotonou, Benin through Bitcoin donations.

• New on Geyser: Bitcoin Dua, a Ghana-based community organization, seeks $225K to complete construction of a multipurpose sports complex in Agbozume, Ghana.

• Pete Winn, former developer at Fedi, demonstrates lightning payments over WhatsApp using Beacon 21m, an AI-driven Bitcoin wallet he is developing, accessible across all common chat and offline mesh networks.

• LNSplit is a web application that automatically generates BOLT11 invoice QR codes for bill splitting, earning an honorable mention at the Lightning++ Berlin 2025 Hackathon.

• Wallet of Satoshi, a popular Lightning Network wallet, returns to the US using Spark infrastructure but exposes all customer balances and transactions through a public explorer, compromising user privacy.

• Supertestnet proposes a Bitcoin UTXO set pruning method using peer-to-peer proof requests to validate spent outputs, potentially reducing storage requirements from gigabytes while maintaining network security assumptions.

• The Bitcoin Way, a white-glove service for Bitcoiners seeking sovereignty, launches its Panama Discovery Trip offering a premium 3-day curated experience for those considering a Plan B residency.

• Abh3po, developer of Formstr, proposes a Nostr Improvement Proposal for sovereign backends using remote procedure calls, which could enable decentralized services without cloud providers.

• Bringin, an Estonia-based Bitcoin financial services platform, launches a comprehensive Bitcoin-to-euro solution for Eurozone users after successful beta testing with €6M in transactions.

• Chain Reaction unveils EL3CTRUM E31 Bitcoin miners featuring advanced 3nm ASIC technology, delivering sub-10 J/TH efficiency and modular designs that promise to revolutionize mining operations through reduced energy costs and enhanced profitability.

• Lightning-kmp is a Kotlin-based Multiplatform Lightning Network implementation by Acinq specifically optimized for mobile wallets on iOS and Android, differing from their server-focused solutions like Eclair.

• Lightning-onion is a repository that implements the Lightning Network's onion routing protocol, enabling secure and private routing of Hash-Time-Locked-Contracts through payment channels while preventing censorship and maintaining participant anonymity.

• JeffG, developer of Whitenoise, announces Marmot, a new protocol combining MLS encryption with Nostr to deliver truly private group messaging without centralized servers or metadata exposure.

• Core Lightning's CLBOSS node automation plugin receives major upgrade, featuring enhanced liquidity logic and refined rebalancing controls.

• YakiHonne, a Nostr client, launches ‘Into Orbit’, a major mobile and web update featuring Relay Orbits for unified multi-relay feeds, offline queue mode, NsecBunker integration, server-side rendering performance improvements, and Progressive Web App capabilities.

• BlackCoffee, a Nostr developer, releases an updated Nostr Remote Signer device to enable users to keep their nsec's safe while publishing on Nostr.

• Calle introduces Hal, an AI agent for Nostr designed to enhance user experience with real-time data access, online research capabilities, image and video analysis, and user memory features.

• Nakamoto, David Bailey's treasury company, releases a handy dashboard that reveals a higher than 1 mNAV as of publication.

• Nostr Hero combines D&D 5e mechanics with Nostr to create an RPG where cryptographic identities become unique adventurers in a persistent world.

• Polymvthic Resources is repository that features 150+ privacy tools and 90+ books spanning the domains of security, business, philosophy, and culture for interdisciplinary thinkers who value freedom and continuous learning.

• Strike, a Bitcoin-focused financial services company, expands lending services across most European markets as users report the feature going live.

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