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NEW: 🇺🇸 RFK Jr. sends a pro-bitcoin letter to The Economist in defense of 💰 Bitcoin mining 🙌

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🇯🇵 Japanese public company Metaplanet stock performance after adopting the #Bitcoin strategy.

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🇺🇸 Donald Trump uses 🥇 #Bitcoin to pay at a bar in New York.

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BREAKING: 🇺🇸 Louisiana state government now accepts 💰 #Bitcoin as payment

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BREAKING: 💰 MicroStrategy increased its raise to $875 million to buy more #Bitcoin and redeem outstanding Notes 🙌

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🔵 Coinbase's Base Layer 2 shatters transaction records with over 4.5 million in a single day

Coinbase's Layer 2 solution continues to dominate the scaling race, shattering records with over 4.5 million transactions on Saturday. The surge in transactions represents a significant leap from Base's already impressive performance, highlighting its rapid adoption and scalability. This growth trajectory puts Base far ahead of other Layer 2 solutions, demonstrating Coinbase's successful strategy in the competitive scaling landscape.

Source

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💰 Coinbase reports 'degraded performance' for Polygon transactions shortly after network upgrade

Coinbase, the largest U.S. cryptocurrency exchange, has put out a status update alerting users that Polygon transfers may be delayed. “We are aware that some users may be experiencing delayed sends and receives for Polygon (Matic). Buys, Sells, and Fiat withdrawals/deposits are not affected. We are investigating this issue and will provide an update shortly. Rest assured, your funds are safe,” the company’s status page read.

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💰 Bitcoin exchange reserves drop to 2018 levels

The number of Bitcoin held on exchanges significantly declined in September, dropping to levels last seen in mid-November 2018. Since the beginning of the month, Bitcoin exchange reserves have dropped from approximately 2.62 million BTC to 2.58 million BTC. This decline of nearly 38,000 BTC in just over two weeks follows a continued trend of Bitcoin flowing out of exchanges at an accelerated pace.

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🪙 #Ethereum Foundation researcher Danny Ryan steps away after seven years of contributions

Ethereum Foundation researcher Danny Ryan is stepping away from the Ethereum ecosystem after seven years of contributions. Ryan attributes his departure to personal reasons and to create room for other opportunities, according to a Friday post on GitHub. He added that his reason for leaving is "not a reflection of any facet of Ethereum, core development or crypto at large."

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💰 Cypherpunk Holdings goes all in on #Solana, rebrands as SOL Strategies

Cypherpunk Holdings (ticker: HODL) is doubling down on its strategy to buy and stake Solana’s native token — to such an extent that the publicly traded cryptocurrency holding company has been renamed Strategies, it announced on Thursday. The firm, which only began buying SOL in the second quarter of 2024 (when former Valkyrie CEO Leah Wald took up the reins as chief executive officer), now holds over 86,000 solana (valued above $11 million at current prices, according to The Block’s data), the majority of which are being staked to earn token rewards.

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🚨 Indodax hit by $20.5M exploit, North Korea link suspected

Indonesian crypto exchange Indodax has reportedly suffered a $20.5 million exploit, according to blockchain security firm Cyvers. The losses were spread across multiple chains, including a $1.4 million loss in Bitcoin and a $5 million theft on the TRON and Polygon networks. Other impacted blockchains were Optimism and Ethereum, which had over $14 million in losses.

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🇺🇸 Record $4.68 billion fines mark SEC’s toughest year on crypto

The US Securities and Exchange Commission (SEC) imposed $4.68 billion in fines against crypto companies in 2024, marking the most aggressive regulatory year in the agency’s history, according to a report by Social Capital Markets. This brings the total fines levied by the regulator since 2013 to $7.42 billion, with 2024 accounting for 63% of the total. The steep rise reflects the SEC’s intensified scrutiny of the crypto sector as it seeks to enforce securities regulations in the growing digital asset market.

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📊 Bitcoin, ether remain subdued as markets process underwhelming US economic data

Bitcoin and ether remain under key price levels after sliding down over the weekend following Friday's bearish U.S. economic data. The largest cryptocurrency trades at $54,744 when writing, gaining 0.64% in the past 24 hours. Ether (ETH) added 0.17% to change hands at around $2,291, according to The Block’s crypto price page.

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📊 Bitcoin and Ethereum ETFs drop to new lows after week of bearish price action

After a bearish week for the prices of many crypto tokens—only three of the top 50 tokens by market cap gained on the week, as per The Block's price page—the value of U.S.-based spot bitcoin and spot Ethereum exchange-traded funds have hit new multi-month lows. On Friday, U.S. spot Bitcoin ETFs logged nearly $170 million worth of outflows, bringing the total cumulative value of the 12 funds on the market to $48.24 billion.

Source

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🇷🇺 Russia to Prioritize Supplying Energy for Social Development Over Bitcoin Mining

Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal and registered energy miners operating outside the “gray” zone.

Source

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🟠 CZ permanently barred from any involvement in managing Binance, retains voting rights

Binance has confirmed that its co-founder Changpeng Zhao (CZ) is permanently barred from managing the crypto exchange. While initial reports suggested CZ could return to Binance after three years, CEO Richard Teng clarified to Axios that the ban was permanent. This prevents Zhao from ever resuming a leadership role at the platform.

Source

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💰 Bitcoin short-term holders' unrealized losses emerge as market weak spot: Glassnode

The average new bitcoin investor is holding an unrealized loss, which could lead to substantial sell-side pressure in the event of a further market correction, analysts at Glassnode said in a report published Wednesday. Although the total unrealized losses among all bitcoin holder cohorts remain historically low, this week's Glassnode report said short-term holders are an exception and could face significant market pressure.

Source

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