Bitcoin Price Roars Past $118,000 After Government Shutdown

The U.S. government officially shut down at midnight after lawmakers in Congress failed to pass a new funding bill. 

While Wall Street dumped in early trading, Bitcoin’s price surged to fresh highs above $118,000.

At 12:01 a.m., the funding bill that kept the government running expired, leaving large parts of the federal apparatus shuttered. Social Security recipients, federal workers, and travelers will feel the immediate effects, but markets are already showing signs of stress.

Bitcoin has traded sideways in recent months, but key liquidity indicators suggest a breakout may be near. Global M2 growth, stablecoin supply trends, and gold’s rally — which Bitcoin has closely…

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Remote Node Runner Pitfalls

For node runners, setting up a remote Lightning node to send and receive your own payments has never been easier. Thanks to modern wallets and managed platforms, getting up and running can be low friction, secure and even enjoyable. But the moment you decide to take on the role of routing payments for others — hoping to earn satoshis from fees — the game changes completely.

The Hidden Pitfalls of Running a Remote Lightning Node

Running a remote Lightning node can be a powerful way to participate in the Bitcoin ecosystem. For the technically inclined, it offers not only a hands-on way to interact with the Lightning Network but also the possibility of earning satoshis by routing…

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Upcoming ETFs, evolving indexes to mark new chapter for crypto investing  

Now’s as good a time as any to talk crypto ETFs as more US launches are imminent (even with the latest government shutdown). 

The anticipated boom of both single-asset and index offerings is set to expand the investor base entering the crypto asset class, industry watchers say. 

How do we know we’re set to see more crypto ETFs flood the US market? For one, the SEC finalized its generic listing standards. Those, as you might recall, are set to streamline approvals as long as an ETF proposal meets various spelled-out requirements. 

There are roughly a dozen crypto assets the agency appears ready to allow in the ETF wrapper, per the guidelines — litecoin and solana among…

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VisionSys AI Stock Tanks 45% After Announcing $2 Billion Solana Treasury Partnership

VisionSys AI Inc. (NASDAQ:VSA) plummeted by 45% to $1.89 on Wednesday after unveiling a pre-market partnership with Marinade Finance to launch a Solana-based treasury program valued at up to $2 billion.

VisionSys Unveils $2B Solana Treasury Gamble With Marinade

The initiative, unveiled Wednesday morning, positions VisionSys to acquire and stake up to $500 million in Solana (CRYPTO: SOL) within six months, with a long-term target of $2 billion.

Marinade Finance, Solana’s leading staking protocol, will manage staking operations and treasury oversight.

Chief Executive Heng Wang called the plan a “once-in-a-generation opportunity” to integrate blockchain into the company’s corporate treasury…

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US Treasury Eases Crypto Tax Rules — Bitcoin Stands To Gain

The U.S. Treasury Department has issued new guidance clarifying that unrealized gains on digital asset holdings will not be subject to the Corporate Alternative Minimum Tax (CAMT), a move that spares companies like Michael Saylor’s Strategy from potentially billions of dollars in phantom tax liabilities.

The decision marks a pivot from the Biden-era tax framework and comes as debate picks up in Congress over how to regulate and tax digital assets. Even today there is a hearing on crypto taxation in the Senate Finance Committee.

The CAMT, enacted in 2022, imposes a 15% minimum tax on corporations earning over $1 billion in annual income, based on their financial statement…

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Roman Storm seeks acquittal in Tornado Cash trial

Roman Storm, co-founder of the cryptocurrency tumbling protocol Tornado Cash, filed a motion for judgment of acquittal in the Southern District of New York on Sept 30.

A federal jury convicted Storm earlier this year of operating an unlicensed money-transmitting business, while jurors deadlocked on money laundering charges and acquitted him on sanctions violations. His legal team now seeks to overturn the conviction entirely, with oral argument scheduled for Dec 18.

In a 103-page memorandum, reviewed by Blockworks, Storm’s defense counsel argued that Tornado Cash is permissionless, immutable software that Storm did not control once deployed. They said the Department of Justice…

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Bitcoin Price Poised For Breakout As Liquidity Expands

The bitcoin price has been chopping sideways for months, but liquidity data that has tracked this cycle almost perfectly is hinting that could soon change. Global M2, stablecoin supply, and Gold correlations all suggest BTC is building pressure for its next breakout.

Global M2 and the Bitcoin Price

The global M2 money supply has historically shown a strong link with Bitcoin cycles. Expansion tends to coincide with bull markets, while contraction or stagnation has lined up with periods of chop and downside. Over the past few months, Global M2 growth has slowed, and BTC has mirrored that with stagnant price action after hitting an all-time high near $124,000. When Global M2 accelerates…

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LATETS: Telegram Founder Pavel Durov Says His Lifestyle Is Funded By Bitcoin Not Telegram

Telegram founder and CEO Pavel Durov has revealed that Bitcoin has been the backbone of his personal wealth since 2013. Speaking on Lex Fridman’s podcast, the tech entrepreneur shared that he bought thousands of BTC at around $700 each, investing millions despite skepticism. Even when Bitcoin crashed below $200, Durov said he never considered selling, insisting, “I believe in this thing. This is the way money should work.”

Durov emphasized that Bitcoin, not Telegram, has funded his lifestyle. He dismissed claims that his wealth comes from the messaging platform, calling Telegram a “money-losing operation.” Instead, he credited crypto for allowing him to remain independent, stressing Bitcoin’s unique strength: it cannot be censored or confiscated. Looking ahead, he boldly predicted Bitcoin could reach $1 million as governments continue “printing money like no tomorrow.”

The entrepreneur also discussed Telegram’s blockchain project, TON. Despite regulatory hurdles in the U.S., TON has grown into a thriving network, now ranking among the top blockchains in daily NFT trading volumes.

Source

Metaplanet Becomes 4th Largest Bitcoin Holder With 30,823 BTC, Doubles FY2025 Outlook

Once a struggling hospitality company, Metaplanet (TSE: 3350, OTC: MTPLF) has reinvented itself into what it now calls Asia’s Bitcoin rocketship. With its latest purchase, the Bitcoin For Corporations member has become the 4th largest publicly-traded Bitcoin treasury company in the world, positioning Japan at the center of the corporate Bitcoin movement.

The Treasury Engine: 30,823 BTC and Counting

On October 1, Metaplanet acquired 5,268 BTC for approximately $615.67 million at an average price of $116,870 per bitcoin. This brings its total to 30,823 BTC, worth $3.33 billion at cost with an average entry of $107,912 per BTC.

Year-to-date, the company has generated a BTC Yield of…

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Bitcoin Options | BlackRock’s IBIT Overtakes Deribit

BlackRock’s iShares Bitcoin Trust (IBIT) has officially become the biggest bitcoin options venue, surpassing Deribit. This is a big deal for the world of bitcoin derivatives, as Wall Street’s influence is now clearly extending into an area that was once the domain of offshore exchanges.

According to Bloomberg, open interest in options on IBIT hit nearly $38 billion after the last contract expiry. Deribit was at about $32 billion.

That’s a huge jump, considering IBIT only launched options trading in November 2024 and Deribit has been the go-to exchange for bitcoin derivatives since 2016.

IBIT’s growth has been historic. By mid-2024, the ETF had already reached $70…

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