American fast-food chain Steak ‘n Shake has abandoned plans to accept Ethereum payments following criticism from Bitcoin supporters.

The 90-year-old chain, which began accepting Bitcoin (BTC) in May, ran a poll on X over the weekend asking its 468,800 followers whether it should expand its crypto options to include Ethereum.

Nearly 49,000 votes were cast, with 53% in favor.

However, just four hours later, the company suspended the poll, declaring its allegiance to Bitcoiners. “Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” Steak ‘n Shake posted.

Vitalik Buterin, Ethereum co-founder, defended Steak ‘n Shake’s decision. He suggested that…

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OranjeBTC has acquired an additional 16 BTC for roughly $1.94 million at an average price of $121,058 per Bitcoin, bringing its year-to-date Bitcoin yield to 1.5% in 2025.

As of October 13, the OranjeBTC now holds 3,691 BTC, accumulated for approximately $389.07 million — an average cost basis of $105,412 per coin.

Brazil’s First Pure-Bitcoin Public Company

OranjeBTC began trading last week on B3, the São Paulo–based exchange that anchors Latin America’s capital markets.

Backed by some of the biggest names in global crypto, OranjeBTC entered public markets holding 3,675 BTC — now 3,691 — instantly becoming the region’s largest corporate Bitcoin… Read more on BitcoinMagazine

Publicly traded firm Strategy has strengthened its crypto portfolio by acquiring 220 Bitcoin worth $27.2 million between October 6 and 12, at an average price of $123,561 per BTC. The move reinforces the company’s long-term commitment to Bitcoin as part of its treasury management strategy.

Formerly known as MicroStrategy, the company has shifted its focus toward Bitcoin treasury solutions and institutional adoption, steadily increasing its holdings over time. This latest purchase highlights Strategy’s position as a leading corporate holder of digital assets and signals growing confidence in Bitcoin’s role as a store of value.

The company’s continued investment mirrors a broader trend among institutions reallocating reserves into crypto amid changing economic conditions. Support from major investment firms for similar strategies further reflects rising mainstream acceptance, positioning Bitcoin as a key asset in corporate treasury portfolios.

The bitcoin market had its biggest one-day crash in history on Friday after U.S. President Donald Trump announced 100% tariffs on all Chinese imports.

The sudden escalation in trade tensions wiped out over $5.3 billion in leveraged positions in the bitcoin market, and over $19 billion in the broader digital assets market.

Over $5 billion in leveraged bitcoin positions were liquidated — CoinGlass

The sell-off started early Friday after Trump posted on his Truth Social that he would introduce “massive new trade tariffs” and export controls on software in response to China’s restrictions on rare earth minerals.

Markets around the world went spiraling down —…

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Crypto enthusiasts are watching closely as Hyperliquid prepares to activate HIP-3, a major protocol upgrade enabling the permissionless creation of perpetual futures markets later today. The update, confirmed by a Hyperliquid administrator in the project’s Discord, will go live during a scheduled network upgrade on October 13.

The HIP-3 upgrade, or Hyperliquid Improvement Proposal 3, marks a significant step toward fully decentralizing the perpetual listing process. Once active, deployers who meet onchain requirements can launch their own perpetual decentralized exchanges (perp DEXs) directly on HyperCore by staking 500,000 HYPE.

Integrated with HyperEVM for smart contracts and governance, HIP-3 also introduces essential security measures such as validator slashing and open interest limits. This upgrade is expected to unlock new opportunities for builders and traders, driving innovation and expanding access to decentralized trading across the Hyperliquid ecosystem.

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Roger Ver, the early Bitcoin evangelist once known as “Bitcoin Jesus,” has reached a deal with the U.S. Department of Justice (DOJ) to settle a long-running tax fraud case.

According to The New York Times, Ver will pay around $48 million to settle the charges, and if he meets the terms of the deal, the case will be dropped entirely.

Ver became a well-known figure in the Bitcoin space in the early 2010s for passionately promoting Bitcoin when it was still unknown. He earned the nickname “Bitcoin Jesus” for giving away bitcoin for free and investing in many of the first companies in the industry.

Later, he became a key supporter of Bitcoin Cash, a fork of the…

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