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Solo Bitcoin Miner with 2.3 PH/s Scores $349K Block Reward Against 1 in 375K Odds

Tiny Bitcoin Miner Hits Jackpot: Solves $349K Block Solo with 2.3 PH/s

In a stunning twist of blockchain luck, a solo Bitcoin miner operating with just 2.3 petahash per second (PH/s) of hash power has mined a full block—earning close to $350,000 in rewards. The block, numbered 903,883, was confirmed on July 3 through CKpool’s solo mining service.

Statistically, the odds of finding a block at that level of hash rate are about 1 in 375,000, making this an extraordinary win. According to CKpool developer Con Kolivas, such a miner typically lands one block every 8 years, or has a 1 in 2,800 chance each day.

The reward, totaling 3.173 BTC, was confirmed on Mempool.space, combining both the standard block subsidy and accumulated transaction fees.

While most miners rely on large-scale pools to earn small but steady rewards, solo miners like this take a riskier route for the full bounty. Despite the odds, this is the third such solo success in 2025—proving that even low-powered setups can hit big.

Bitcoin researcher Pete Rizzo commented on the miner’s remarkable win, calling it a case of “beating incredible odds.” It’s believed that the setup used older ASIC miners to reach the modest hash rate.

In a market dominated by massive mining operations, rare solo victories like these continue to inspire individuals willing to gamble on luck—and sometimes win big.

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Tether Mints $1B USDT on Ethereum as Stablecoin Circulation Hits $150B

Tether, the leading stablecoin issuer, has minted another 1 billion USDT on the Ethereum network as of July 4, increasing the network’s authorized supply to nearly $75 billion. This move pushes Tether’s total circulation to an all-time high of $150 billion, firmly securing its dominance with 61% of the dollar-backed stablecoin market.

While such massive issuances often raise eyebrows, the newly created tokens remain in Tether’s treasury and are not in active circulation. These mints serve as a liquidity buffer, ensuring the company can fulfill issuance requests or perform blockchain swaps on demand.

The mint was flagged by Whale Alert and labeled as a treasury issuance. Tron still slightly leads Ethereum with an $80 billion authorized USDT supply, but the gap is narrowing. Meanwhile, Solana and Avalanche lag with significantly smaller amounts.

Tether continues to defend these operations as standard practice. “It’s like stocking shelves before customers arrive,” the company emphasized, ensuring markets remain liquid going into H2 2025.

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Swiss AMINA Bank Becomes First to Support Ripple USD (RLUSD) Custody and Trading

In a groundbreaking development for the Ripple ecosystem, Swiss-regulated AMINA Bank has officially become the first bank to offer custody and trading of Ripple USD (RLUSD). The announcement, made on July 3, marks a major step toward institutional adoption of RLUSD as a trusted, compliant stablecoin.

AMINA Bank, regulated by Switzerland’s FINMA, confirmed that its initial offering will include RLUSD custody and trading services for existing clients, with broader access to roll out in the coming months. The bank’s Chief Product Officer, Myles Harrison, emphasized their commitment to integrating secure, next-gen financial products.

“We are proud to be the first bank to support RLUSD and to provide our clients with access to one of the most anticipated digital assets in the market,” said Harrison.

The move comes at a pivotal moment for Ripple, which continues to push toward financial legitimacy and global expansion. RLUSD, which already has a market cap exceeding $440 million, is designed to offer enterprise-grade compliance, clarity, and control. AMINA’s support enables institutions, corporations, and individual investors to access Ripple’s stablecoin directly via mobile and desktop platforms with built-in security.

In tandem with this announcement, Ripple CEO Brad Garlinghouse revealed the company has applied for a national banking license in the U.S., alongside Standard Custody’s Federal Reserve master account application. This reflects Ripple’s deepening involvement in the traditional financial system.

Ripple also partnered with OpenPayd to provide enterprise-grade payment infrastructure and enable minting and burning of RLUSD, streamlining real-time settlements.

XRP Price Surges on the News

XRP responded positively to the development, climbing 4% in the past 24 hours to trade at $2.28. Volume surged by 38%, reflecting strong trader interest. According to Coinglass, XRP futures open interest jumped over 8% to $4.63 billion, signaling continued bullish momentum as the price aims for the $3 mark.

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Michael Saylor Declares “Bitcoin Is Money” as BTC Surges Past $100K

Michael Saylor, Executive Chairman of MicroStrategy, made waves across the crypto space with a bold statement on X (formerly Twitter): “Bitcoin is money. Everything else is credit.” This declaration has once again underlined Saylor’s unwavering belief in Bitcoin as the ultimate form of money—one that stands above fiat currencies and traditional banking systems.

Saylor has long been one of Bitcoin’s most vocal supporters. Since 2020, he has directed MicroStrategy to accumulate billions in BTC, positioning the company as one of the largest corporate Bitcoin holders. His latest statement comes amid Bitcoin’s historic surge past $100,000 in late 2024, fueled by regulatory clarity and a bullish global market sentiment.

According to Saylor, traditional finance is built on credit and trust, whereas Bitcoin is trustless, decentralized, and mathematically secured. He argues that this distinction makes Bitcoin not just an asset, but a new form of money—a safe haven that companies and individuals can rely on.

The crypto community has responded with overwhelming support. Saylor’s comments sparked widespread discussions online, with enthusiasts praising him for articulating Bitcoin’s core value. His statement has further solidified his role as a leading voice in the crypto revolution.

Despite his optimism, Saylor acknowledges that widespread Bitcoin adoption will require a shift in global financial thinking. Still, he remains committed to his mission: establishing Bitcoin as a global store of value and monetary standard.

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Nano Labs Buys $50M Worth of BNB in Private Deal, Eyes $1B Acquisition Strategy

Chinese Web3 infrastructure firm Nano Labs Ltd has taken a bold leap into the Binance Coin (BNB) ecosystem by acquiring 74,315 BNB tokens worth around $50 million in an Over-The-Counter (OTC) deal. The average price per token stood at $672.45, a premium investment that signals the firm’s growing commitment to BNB.

This strategic purchase pushes its ’ total crypto reserves to approximately $160 million, composed of major assets like Bitcoin and BNB. However, the company made it clear—this is only the beginning. Nano Labs plans to expand its BNB holdings up to $1 billion through private transactions and convertible notes in the near future.

Their long-term vision? To control 5% to 10% of BNB’s total circulating supply—a move that would position Nano Labs among the largest BNB holders globally.

For those unfamiliar, Nano Labs is a Chinese tech firm developing Web3 infrastructure and high-performance computing chips like their “Cuckoo” GPU-alternative series. Their recent moves suggest not just a financial strategy, but a deeper integration into the Binance ecosystem.

Meanwhile, BNB is currently trading at $664.10, up 0.91%, with a market cap of $93.56 billion. Nano Labs’ investment could further boost investor confidence in BNB as it strengthens its utility beyond just trading.

You might also like : Ethereum Community Foundation Launches With ETH Burn Mission, Eyes $10K ETH

Ethereum Community Foundation Launches With ETH Burn Mission, Eyes $10K ETH

The Ethereum ecosystem has received a powerful boost with the launch of the Ethereum Community Foundation (ECF), a grassroots initiative with a laser-focused mission: burn ETH and push its price to $10,000.

Unveiled by Zak Cole, a veteran Ethereum developer and managing partner at Number Capital, the ECF embraces the radical philosophy of “Eth Burn Maximalism.”

“No VCs. No equity. No tokens. Our upside is burning ETH and sending it to $10K. It’s that simple,” said Cole.

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🔥 Burn ETH. Build the Future.

The ECF is rooted in Ethereum’s EIP-1559 upgrade, which was introduced in 2021 to burn a portion of every transaction fee. Since then, over 4.3 million ETH has been permanently removed from circulation—fueling deflationary momentum.

The ECF plans to accelerate that burn rate by funding immutable, tokenless applications that:

Use only ETH for gas fees
Are non-upgradable
Deploy on mainnet
And burn ETH instead of distributing tokens or taking profit

🏗️ Focus Areas and Ecosystem Goals

The ECF isn’t just burning ETH for spectacle—it’s strategically focused on areas that increase Ethereum’s real-world utility:

Infrastructure development
Institutional adoption
Government engagement

By focusing on ETH as a global settlement layer, ECF aims to bring Ethereum into the financial mainstream.

📉 No Tokens, No Equity, Just Burn

The ECF explicitly rejects the traditional Web3 fundraising model—no venture capital, no token launches, no equity. Every dollar granted will go toward projects that contribute directly to ETH deflation.

While the funding source for ECF remains undisclosed, its mission has already resonated deeply with the community. Some believe ECF could prove more aligned with Ethereum’s vision than even the Ethereum Foundation (EF) itself.

🚀 Final Take: Will Burn Maximalism Take ETH to $10K?

The Ethereum Community Foundation represents a bold, purist experiment—a movement that wants to grow Ethereum not through speculative token launches, but by making ETH more scarce and more valuable.

With ETH currently hovering far below its all-time highs, ECF’s philosophy could mark a turning point in Ethereum’s next chapter—if the burn proves big enough.

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DAOstack Officially Shut Down After $30M ICO — GEN Token Plummets to Near Zero

In a quiet but definitive close to one of crypto’s early DAO experiments, DAOstack officially ceased operations in 2022 after running out of funds—despite raising nearly $30 million during the 2017–2018 ICO boom.

According to ICO Drops, DAOstack raised:

$21.9M from a private round
$4.69M in a presale
$3.39M from a public ICO

The project aimed to build a decentralized governance protocol for DAOs, but it never lived up to its fundraising hype.

By the end of 2022, it had formally shut down, citing treasury depletion. Despite its early promise, its native GEN token never even hit its original token sale price during its entire run.

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📉 GEN Token Collapses Below One Cent

The token now trades at $0.001422, dropping another 2.71% in the last 24 hours, according to Dexscreener. At its peak, GEN failed to reclaim its ICO price, and by May 2021, it began its long descent—now worth virtually nothing.

Current Market Cap: $68.18K
Token Price: $0.001422
24-Hour Change: –2.71%

🧬 DAOstack’s Legacy Lives On Through xStocks

Interestingly, DAOstack’s impact persists in a new form. According to LinkedIn, three co-founders of Backed Finance, the team behind the tokenized stock marketplace xStocks, are former DAOstack employees.

While GEN may be dead, its DAO-building ethos has evolved, carried forward by a new generation of Web3 builders working on regulated on-chain assets.

⚠️ Final Take: Another ICO-Era Cautionary Tale

DAOstack’s shutdown is a sobering reminder of the boom-and-bust cycle of early crypto startups. Despite a massive treasury, poor execution and lack of traction led to collapse—leaving investors with nearly worthless tokens.

Yet, as seen with xStocks, talent rarely disappears—just pivots. DAOstack might be gone, but its alumni are now shaping the tokenized finance wave.

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Bitcoin Holds $107K as Bitwise Doubles Down on $200K Prediction — BTC Bull Token Presale Nears Cap

Bitcoin (BTC) is holding firm at $107,568, posting a 0.8% gain in the last 24 hours, while market sentiment gets a boost from Bitwise’s bold $200K end-of-2025 prediction.

Bitwise CIO Matt Hougan pointed to three tailwinds:

Post-halving supply tightening,
Accelerating institutional adoption, and
Improving regulatory clarity.

Spot Bitcoin ETFs have already reshaped the market, drawing in significant mainstream capital. Institutions now view BTC as a legitimate reserve asset, thanks to clearer regulation and trusted access points. Hougan argues that this institutional demand is structural—not speculative—and will continue pushing the price upward.

“With a hard cap of 21 million coins and a growing role as a macro hedge, it remains uniquely positioned in a volatile world,” Bitwise noted.

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📈 Bitcoin vs ETH & SOL: Diverging Paths

While Bitcoin enjoys bullish momentum, Ethereum (ETH) and Solana (SOL) are lagging behind.

Ethereum’s high gas fees and uncertain SEC status post-Merge are keeping institutional capital away.
Solana, once hailed as an ETH alternative, is struggling with network outages and validator centralization—two red flags for scalability and trust.

Bitwise remains cautious on both altcoins in the near term. Despite strong use cases, new all-time highs for ETH or SOL don’t appear likely in 2025, according to their outlook.

📊 Bitcoin Technical Analysis: Breakout in Sight?

BTC’s rebound from the 61.8% Fibonacci retracement ($103,270) is holding, with price now testing resistance at $107,832.

EMA Support: 50-period EMA at $106,993
MACD Histogram: Positive
Candlestick Signal: Bullish engulfing pattern

Trade Setup:

Long above: $107,832
Stop loss: Below $105,400
Target range: $108,957 – $110,448

🚀 BTC Bull Token ($BTCBULL) Presale Approaches $8.8M Cap

As BTC strengthens, attention is shifting to BTC Bull Token, a Bitcoin-linked altcoin that’s closing in on its $8,873,431 presale hard cap.

Raised so far: $7.9M+
Current Price: $0.002585
Next Tier Activation: Less than $1M remaining

BTCBULL offers Bitcoin-synced value mechanics:

BTC Airdrops to holders
Supply burns each time BTC rises by $50K
APY: 55%
Lockups: None
Liquidity: Immediate

With time running out and demand surging, early investors are jumping in before the next pricing tier kicks in.

🧠 Final Take: BTC Leads, Altcoins Lag

As institutional interest grows and post-halving dynamics kick in, Bitcoin is building a compelling case for a major breakout, reinforced by the rise of new Bitcoin-linked DeFi plays like BTC Bull Token.

For now, Bitcoin stands alone as the go-to digital asset for serious capital heading into 2025.

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SEC Delays Bitwise ETH ETF Staking Decision

SEC Hits Pause on Bitwise Ethereum ETF Staking Decision

The U.S. Securities and Exchange Commission (SEC) has chosen to delay its decision on whether Bitwise’s Ethereum ETF can participate in staking its ETH holdings. Rather than approving or denying the proposal outright, the SEC has initiated formal proceedings, signaling that the matter requires more extensive review.

The move doesn’t spell rejection—just that more time is needed to assess whether staking aligns with existing investor protections and fair market practices.

In March 2025, NYSE Arca—the exchange proposing to list the ETF—filed to amend its rules to allow the trust to earn staking rewards from its Ethereum holdings. However, the SEC raised concerns about potential risks, including fraud, manipulation, and unfair trading activity.

The commission cited Section 6(b)(5) of the Securities Exchange Act as its legal framework, which emphasizes the need for mechanisms that protect investors and uphold fair trading standards.

During the next three weeks, the SEC will be accepting public comments. Individuals and organizations can voice their support, concerns, or feedback via email or official letters. These inputs may influence the final outcome.

As of now, staking activity through the Bitwise Ethereum ETF remains on hold while regulators weigh the pros and cons. Unless another delay occurs, the SEC’s final ruling is expected by July 6, 2025.

This case could set a precedent for other crypto-related ETFs and how they interact with staking protocols in a regulated environment.

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Strategy to Report $14B Profit on Bitcoin Surge

Strategy to Report $14B Q2 Profit as Bitcoin Soars — No Sales Required

Michael Saylor’s company Strategy (formerly MicroStrategy) is set to report a jaw-dropping $14 billion profit for Q2 2025—but not from selling software. The profit comes directly from the explosive rise in Bitcoin’s price, paired with new accounting rules that let firms reflect real-time BTC gains in their financials.

Unlike Amazon or JPMorgan, which generate income through massive operations, Strategy is riding the Bitcoin wave. With BTC gaining around 30% in Q2, the company’s massive holdings have ballooned in value—without selling a single coin.

Back in March 2025, Strategy held 528,185 Bitcoins worth over $43.5 billion. By June 30, the number had climbed to 597,325 BTC. The Q2 price rally alone added $13+ billion in unrealized gains to the firm’s books, now countable under updated U.S. accounting rules.

These rules allow companies to report fair value gains—meaning Strategy doesn’t need to classify BTC as an intangible asset anymore. This accounting shift transforms the way public firms like Strategy can present crypto on their balance sheets.

Michael Saylor’s original decision in 2020 to pivot from a software-focused business to a Bitcoin-centric treasury model has paid off immensely. While software sales for the quarter are expected at just $112.8 million, Strategy’s total share value has soared more than 3,300% since 2020. In contrast, Bitcoin itself has risen by about 1,000% during the same period.

Thanks to this success, other firms are now following Saylor’s lead, adding crypto like Ethereum and Solana to their balance sheets. Whether they can replicate Strategy’s trajectory, however, remains to be seen.

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