Greetings Bitcoiner,

Welcome to Issue #382 of Bitcoin Breakdown, where we’re bringing you your end-of-week Bitcoin Digest featuring all the need-to-know Quick Bits snippets and Quick Media.

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Now for today’s Top Stories:

• 🪳 Credit Cockroaches & Cheap Sats

• 🦩 Florida Puts BTC on the State Menu

• 📡 Signal Chat Boost for Sats

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Oct 17, 2025

TODAY’S TOP STORIES

🪳 Credit Cockroaches & Cheap Sats

Markets went haywire yesterday as the spread between the Secured Overnight Financing Rate and the federal funds rate blew out, stoking fears of a liquidity crunch. Regional lenders slid amid fallout from Tricolor’s lax auto loans and fresh write-offs at JP Morgan. Gold surged to $4,331 as China reportedly builds a gold-backed settlement network, while Bitcoin lags in the short term. However, its superior properties and continued high profile adoption like Square’s 4M-merchant rollout this week suggest cheap sats ahead of likely Fed and Treasury liquidity. ZeroHedge

🦩 Florida Puts BTC on the State Menu

Florida’s HB 183 would let state-managed funds invest up to 10% in Bitcoin and other digital assets, with strict custody rules via licensed custodians or SEC-approved ETFs. The bill would enable tax payments in BTC, which would be converted instantly to dollars. Unlike previous attempts, the new bill unfortunately broadens assets beyond Bitcoin-only, aiming for more ‘diversification’. If passed, it would kick in by July 2026, potentially putting Florida in the select club of states stacking sats alongside Texas, Arizona, and New Hampshire. Cointelegraph

📡 Signal Chat Boost for Sats

Prominent names like Jack Dorsey, Peter Todd, and other Bitcoiners are rallying behind a ‘Bitcoin for Signal’ campaign to integrate BTC payments into the privacy messaging app via Cashu’s Chaumian ecash protocol. The plan would replace or expand on Signal’s struggling MobileCoin integration, enabling private, peer-to-peer Bitcoin transactions for its 70M monthly users. Bitcoin For Signal

POLL #382

PREVIOUS POLL RESULTS

QUICK BITS

• OCEAN Mining celebrates its 500th block, marking a key milestone in its journey to secure and strengthen the network.

• Charles Schwab announces spot bitcoin trading launch for the first half of 2026, targeting Gen Z investors who comprise one-third of new accounts under age 28.

• Steak 'n Shake launches the Bitcoin Steakburger with BTC logo-stamped bun to celebrate 5 months of accepting bitcoin payments and growing same-store sales attributed to Bitcoin acceptance.

• Tether donates $250,000 to the OpenSats nonprofit to fund free and open-source Bitcoin projects and freedom tech development initiatives.

• Standard Chartered, a 170-year-old global banking group, partners with exchange OKX to provide institutional custody services in Europe.

• Australia's financial intelligence agency may gain power to ban or restrict Bitcoin ATMs under draft legislation from Cybersecurity Minister Tony Burke, targeting money laundering risks.

• Gavin Newsom, California governor, signs a Bill that protects unclaimed Bitcoin assets from forced liquidation and requires digital currencies to be preserved in original form under state custody.

• Bitcoin miners deposit over $5B to Binance exchange amid market stress, signaling potential bearish pressure as mining operations face declining revenues from reduced transaction fees and increased operational costs.

• Newsmax, a publicly traded media outlet, plans to buy up to $5M worth of bitcoin and Trump's meme coin over the next 12 months.

• Coinbase Asset Management launches the Coinbase US Bitcoin Yield Fund for accredited investors seeking bitcoin performance plus additional BTC yield through private credit lending and basis trading.

• Grant Cardone, a real estate mogul, buys another 200 BTC during market turbulence, bringing total recent purchases to 500 BTC.

• Eric Adams, New York City's Bitcoin-friendly mayor, set to leave office by January, establishes America's first municipal digital assets office through an Executive Order.

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QUICK MEDIA

• Hurley of Swan Bitcoin explores the Gold Revaluation Theory that the US is orchestrating a monetary reset by first revaluing gold reserves to address mounting debt and restore dollar confidence, before then transitioning to Bitcoin as the ultimate neutral reserve asset (Oct 17 | 17:03 min watch).

• Nik Bhatia, author of 'Layered Money', explores critical US repo market dysfunction showing rates breaking above Fed ceilings and potential reserve scarcity, while gold prices surge to unprecedented levels above $4,300, suggesting major financial system stress and potential volatility ahead (Oct 17 | 30:58 min watch). 

• Mike Jarmuz, Founder of Lightning Ventures and Thunder Funder, in an interview with Walker of THE Bitcoin podcast, wonders why Bitcoin treasury companies aren't putting their BTC to work by utilizing the Lightning Network to generate yield through routing fees (Oct 16 | 1:30 min watch). 

• Andrei Jikh, a popular financial educator on YouTube, elaborates on Jeff Booth's argument that everything in the world will get cheaper when priced in Bitcoin, and why the natural state of the free market is deflationary (Oct 16 | 3:03 min watch). 

• Jack Mallers, Bitcoin advocate and CEO of Strike, argues Bitcoin isn't hedging the current financial system but replacing it entirely, emphasizing that this represents a fundamental transition rather than a mere trade, emphasizing that Bitcoin has no top because fiat has no bottom (Oct 15 | 1:24 min watch). 

• Ioni Appelberg, a Bitcoin content creator and author of 'Abundance Through Scarcity', explores the parallels between Bitcoin and psychedelics, arguing that both rewire consciousness and challenge existing power structures to transform society (Oct 14 | 18:59 min watch).

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