Solo Miner Hits $347K BTC Block 🎯, Trump Pardons Binance Founder CZ 🇺🇸, Whales Park $3B In ETFs 🐋

Greetings Bitcoiner,

Welcome to Issue #388 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:

• ⛏️ Solo Miner Beats 7M-to-1 Odds for $347K Bitcoin Jackpot

• 🔓 Trump Frees CZ: 'What He Did Isn't Even a Crime'

• 🐋 Bitcoin Market Splits as Whales Lock $3B in ETFs

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Oct 24, 2025

TODAY’S TOP STORIES

⛏️ Solo Miner Beats 7M-to-1 Odds for $347K Bitcoin Jackpot

A solo Bitcoin miner just defied astronomical 1-in-7M odds to solve block 919,923 and pocket the full $347K reward. Operating through Solo CKPool with just 200 terahashes per second – a tiny 0.00002% of Bitcoin's total hashrate – this modern-day digital prospector proved that Bitcoin's proof-of-work system still rewards the little guy. The rise of affordable pocket-sized miners like Bitaxes is empowering smaller operators to challenge industrial-scale mining operations and strengthen Bitcoin's decentralized network. Cointelegraph

🔓 Trump Frees CZ: 'What He Did Isn't Even a Crime'

President Trump pardoned Binance founder Changpeng Zhao after supporters argued his Bank Secrecy Act violation wasn't criminal. CZ served 4 months for failing to maintain effective anti-money laundering compliance – no fraud, victims, or criminal history involved. His attorney called him the only first-time offender imprisoned for this non-fraud charge. The pardon follows an August Wall Street Journal report that Trump’s World Liberty Financial stablecoin venture, which has generated $4.5B since the 2024 election, benefits from a partnership with a trading platform administered by Binance. The Rage

🐋 Bitcoin Market Splits as Whales Lock $3B in ETFs

Bitcoin whales have transferred roughly $3B to BlackRock's Bitcoin ETF through in-kind creations to take advantage of tax benefits and easier integration into existing portfolio structures, but analysts warn this evolution creates a trade-off. As more Bitcoin becomes locked in ETFs, the market is splitting into 2 distinct layers: on the one hand, ‘regulated (paper) Bitcoin’ functioning as financialized, collateralized assets that are centralized with counterparty risk, and on the other hand, self-custodied on-chain Bitcoin maintaining its decentralized, autonomous roots. Not your keys, not your coins, fam. CryptoSlate

POLL #388

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QUICK BITS

• Alleged Trump insider scores again by betting on Changpeng Zhao's pardon through Polymarket.

• VanEck report highlights that global M2 money supply growth explains over half of Bitcoin’s price variance, reinforcing its status as an anti-money-printing hedge.

• Eric Trump unveils a strategy to boost US Bitcoin infrastructure through American Bitcoin Corp, focusing on integrating BTC into national treasury operations, aligning with President Trump’s broader pro-Bitcoin stance.

• Bitwise says a mere 5% rotation of gold into Bitcoin could push its price to $242k.

• L0la L33tz of The Rage highlights the Bitcoin community's lack of financial support compared to Ethereum's backing of Tornado Cash developers.

• JPMorgan reports that bitcoin mining stocks have decoupled from BTC price as companies pivot to AI infrastructure for steadier returns and higher margins.

• Chen Zhi, alleged mastermind of a $14B Cambodian crypto scam, moves $1.7B in Bitcoin from US Treasury-sanctioned wallets while remaining at large from federal prosecutors.

• LuBian's (Chinese mining pool) stolen 15,959 BTC worth $1.83B gets transferred by hackers to 4 wallets in a coordinated transaction.

• Africa Bitcoin Corporation plans to deploy up to 1 BTC from its Bitcoin treasury into Lightning Network nodes in South Africa to anchor liquidity, reduce fees, and support the local Bitcoin payments ecosystem.

• Bitcoin whales deploy 40x leveraged short positions targeting downside volatility as US President Donald Trump prepares a White House announcement.

• JPMorgan plans to allow institutional clients to use bitcoin as collateral for loans by year-end.

• Blockstream Capital Partners acquires Zug-based Berglinde to strengthen its European Bitcoin financial ecosystem expansion and leverage Bitcoin-collateralized lending expertise.

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QUICK MEDIA

• US President Trump comments on his pardon of CZ, dismissing his actions as 'not even a crime' according to those advising him, and says he pardoned him at the request of a lot of ‘good people’ (Oct 24 | 0:43 min watch). 

• Michael Saylor, in an interview with Mark Moss of Market Disruptors, discusses Bitcoin's regulatory advantages, introduces the 'refinery model' for creating sophisticated financial products from Bitcoin, and explains how companies can use Bitcoin as digital capital to issue innovative credit instruments that amplify returns while managing risk through strategic over-collateralization (Oct 22 | 22:48 min watch). 

• Plan C, a Bitcoin analyst and creator of the Bitcoin Quantile model, in an appearance on the Bitcoin Archive podcast, introduces a new quantile regression model that builds on Bitcoin's power law, revealing diminishing returns in each cycle and projecting a median Bitcoin price of $515,000 in 5 years through statistical analysis of the bottom 50% of price data (Oct 22 | 29:17 min watch). 

• Swan Bitcoin responds to Tucker Carlson's recent stupid claim that the CIA created Bitcoin, clarifying that Bitcoin's primary purpose is fixing money supply through its 21M coin limit, not privacy, while addressing his concerns about digital totalitarian control and preference for gold (Oct 24 | 13:07 min watch). 

• Justin Bechler, in an interview with Robert Breedlove and Eric V Stacks of the 'What Is Money?' Show, explores how BRICS nations could gain a strategic advantage by adopting Bitcoin, the challenges facing US adoption due to dollar dominance, and the emerging speculative attacks on traditional fiat currencies through Bitcoin accumulation strategies (Oct 23 | 9:42 min watch).

• Francis Pouliot, Founder of Bull Bitcoin which recently released their Bitcoin wallet that integrates Payjoin to enhance tx privacy, presents an overview of his company's origins at the Bitcoin Embassy in 2013 through its evolution into a major Canadian Bitcoin company, covering key milestones, challenges during the fork wars, and the company's commitment to open-source infrastructure, privacy, education, and global expansion (Oct 21 | 28:03 min watch).

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