The cost to mine one Bitcoin just hit $80K — but BTC is trading at $66K. Miners are bleeding out, infrastructure is booming, and crypto-backed mortgages just became a reality. Welcome to the most confusing time in Bitcoin.

In this episode of Good For Bitcoin, Brandon and Kate discuss:

• Strategy adds another 1,031 BTC to its war chest — now holding over 760K BTC
• MARA sells 15,133 BTC, dropping to third place behind Jack Mallers' XXI
• Coinbase and Better launch crypto-backed conforming mortgages with Fannie Mae backing
• The Clarity Act's latest draft bans passive stablecoin yield — Coinbase pushes back again
• Bitcoin mining hits its worst profitability crisis in 2+ years as difficulty drops 7.76%
• Circle stock drops 20% on Clarity Act news — but Bernstein says investors are misreading the bill
• MoonPay announces OWS, an open wallet standard for AI agents backed by 21 organizations
• Tether signs a Big Four accounting firm for its first full audit
• Fold rolls out its Bitcoin credit card on the Visa network — up to 4% back in BTC
• Lightning Network surpasses $1 billion in monthly volume with average transaction sizes of $223

Chapters:

• (00:00:00) Intro — BTC at $66K, Extreme Fear at 13
• (00:02:57) PubCo Bitcoin Buys and Sells
• (00:05:29) Crypto-Backed Mortgages Are Here
• (00:10:31) Clarity Act and Stablecoin Yield Ban
• (00:14:47) Mining's Worst Profitability Crisis in 2+ Years
• (00:19:49) Circle's 20% Stock Drop
• (00:21:51) MoonPay's Open Wallet Standard for AI Agents
• (00:27:02) Tether Signs Big Four Firm for First Full Audit
• (00:29:21) Fold Bitcoin Credit Card Launch
• (00:35:09) Quick Headlines — ord.net, Lightning $1B, De Minimis Tax, David Sacks
• (00:40:34) Outro

Hosts:

• Brandon Marshall — @marshallmixing
• Kate Parkman — @katemparkman

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Brandon got laid off from Stacks Labs, cried on air celebrating two years of Good For Bitcoin, and the SEC just dropped the biggest crypto clarity bomb the industry has ever seen — this one hits different.

In this episode, Brandon and Kate discuss:

• Celebrating two years of Good For Bitcoin
• Stacks Labs layoffs and the wave of crypto cuts across the industry
• Launching the new goodforbitcoin.com website
• Strategy buys 22,337 BTC — plus Strive, American Bitcoin Corp, Gemini, and more
• Square auto-enabling Bitcoin payments via Lightning for millions of merchants
• SEC and CFTC landmark joint interpretation on what is and isn't a security
• The Clarity Act reportedly 99% done in the Senate
• Tokenized security trading on NASDAQ and S&P 500 perps on Hyperliquid
• Bolts introduces no-KYC USDT-to-BTC Lightning swaps
• Morgan Stanley files for a spot Bitcoin ETF (ticker: MSBT)
• NC Bitcoin Reserve bill and SEC no-action letter for Phantom Wallet

Chapters:

• (00:00:00) Celebrating Two Years of Good For Bitcoin
• (00:03:44) Brandon's Layoff & Stacks Labs Update
• (00:06:22) New goodforbitcoin.com Website Reveal
• (00:08:12) Public Company Bitcoin Purchases
• (00:11:17) Crypto Industry Layoffs Everywhere
• (00:13:28) Kraken Pauses IPO Plans
• (00:13:57) Square Auto-Enables Bitcoin Payments
• (00:15:10) SEC & CFTC Drop Major Crypto Clarity
• (00:19:33) Clarity Act & Stablecoin Regulation Update
• (00:21:21) Tokenized Securities & S&P 500 Perps
• (00:22:34) Bolts Lightning Bridge USDT Swaps
• (00:23:42) Morgan Stanley ETF, NC Bitcoin Reserve & Phantom

Hosts:

• Brandon Marshall — @marshallmixing
• Kate Parkman — @katemparkman

goodforbitcoin.com