🍔 Bitcoin Steakburger, Ethereum Mainnet Return, & Coinbase

Good Afternoon,

Today’s news blends Bitcoin burgers, big returns to Ethereum, and bold moves from Coinbase. Steak ’n Shake rolls out a “Bitcoin Steakburger” to mark five months of BTC payments, while major layer 2 projects like Synthetix, Ronin, and Celo head back to Ethereum’s mainnet. Meanwhile, Coinbase is on a launch spree — debuting a Bitcoin yield fund, a global stablecoin payments platform, and a new listing support program dubbed “The Blue Carpet.”

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News Roundup

Artificial Intelligence

• Google DeepMind’s AI Uncovers New Cancer Treatment Pathway (Decrypt)

• Researchers Reveal ‘Magic Prompt’ That Makes ChatGPT More Creative (Decrypt)

• Google’s Veo 3.1 Aims to Outshine OpenAI’s Sora 2 With Sound and Precision—But Falls Short in Some Areas (Decrypt)

Decentralized, Centralized, & Traditional Finance

• Tether’s USDT0 and XAUT0 Go Live on Solana via LayerZero Integration (The Block)

• Eric Trump Confirms Real Estate Tokenization Plans Via World Liberty Financial (CoinDesk)

• Paxos Accidentally Mints and Burns $300 Trillion in PayPal’s PYUSD Stablecoin (The Defiant)

• Bank of England to Lift Stablecoin Limits Once Economic Risks Subside (Bloomberg)

• Bitfarms Seeks $300 Million via Convertible Notes to Fuel Expansion and Hedge Dilution (The Block)

• U.S. Bancorp Launches Digital Assets and Money Movement Division to Drive Fintech Growth (Reuters)

• CME Group Q3 2025 Crypto Report: Institutional Surge Pushes Derivatives to Record $900B Volume (CME)

• BlackRock Enters Stablecoin Market with Redesigned Money Market Fund (Cointelegraph)

• Coinbase Asset Management Launches Bitcoin Yield Fund for U.S. Accredited Investors (Coinbase)

• SunPerp and TRON Launch $100M ‘Together We Rise’ Fund to Bolster Ecosystem Growth (X)

• Ripple to Acquire Treasury Software Firm GTreasury for $1B, Expanding Into Corporate Finance (CoinDesk)

• Anchorage Digital Becomes First Crypto Bank to Offer Global USD Wire Transfers (The Block)

• Coinbase Launches ‘Coinbase Business,’ a Stablecoin Payments Platform for Global Commerce (CoinDesk)

• Polymarket Expands Into Stocks With New Up/Down Equity Betting Markets (The Block)

Exchanges

• Binance Finalizes Gopax Acquisition, Marking Official Return to South Korea (The Block)

• Coinbase Launches ‘The Blue Carpet’ to Streamline and Support Asset Listings (Coinbase)

• Kraken Acquires CFTC-Regulated Small Exchange to Launch U.S.-Native Derivatives Market (Business Wire)

• CEX Trading Volumes Decline in September: Spot Down 14%, Derivatives Down 28% (Wu Blockchain)

• Binance Backs Down, Deletes ‘Excessive’ Post After Listing Fee Uproar (DL News)

Exchange-Traded Funds

• Crypto ETFs Push Boundaries With 5X Leverage Proposal (Decrypt)

• OKX to Delist Six Tokens Including SLERF, ALPHA, and BADGER (OKX)

• U.S. spot Bitcoin ETFs collectively recorded $104 million in net outflows on October 15.

• On October 15, U.S. spot Ethereum ETFs drew $170 million in net inflows, led by BlackRock’s ETHA.

• Ark Invest Expands Bitcoin ETF Lineup With Three New Fund Filings (Seeking Alpha)

• Bitwise Launches Celestia Staking ETP on Euronext Paris (Yahoo Finance)

Infrastructure

• Reliance Jio Partners with Aptos to Bring Blockchain Rewards to 500M Users (CoinDesk)

• Bitfarms Taps Ex-Lazard Banker as CFO to Drive AI Compute Pivot Amid Soaring Stock Surge (The Block)

• Pico Prism Achieves 99.6% Real-Time Ethereum Block Proving, Bringing 10K TPS Within Reach (Cointelegraph)

• Ethereum Leads 2025 Developer Growth With 16K New Contributors, Ahead of Solana and Bitcoin (X)

• Tether Donates $250,000 to OpenSats to Support Bitcoin and Open-Source Innovation (Tether)

• Chainlink Partners with MegaETH to Launch First Native Real-Time Oracle for Next-Gen DeFi (The Block)

• Back to Ethereum: Why Synthetix, Ronin, and Celo Are Returning to the Mainnet (Cointelegraph)

Markets

• ETHZilla Shares Drop After Announcing 1-for-10 Reverse Stock Split (Decrypt)

• Bitcoin Options Market Turns Bearish as Put Volumes Spike Past $1.15B (X)

• Bitcoin Enters ‘Reset Mode’ After $19B Leverage Wipeout, Analysts Split on Recovery Outlook (Decrypt)

• Bitcoin Whales Trim Holdings as Put Demand Surges in Volatile Market (The Block)

• Bitcoin Falls Below $110K, Triggering $524M in Crypto Liquidations (Decrypt)

• LAB Team Buys Back $2.35M Worth of Tokens Across Major Exchanges (Arkham)

Meme Coins

• Thumzup Considers Paying DOGE Rewards to App Users (Decrypt)

Politics & Regulation

• SEC’s Atkins Pledges “Pro-Innovation” Regulatory Path for Crypto and Tokenization (The Block)

• Trump Confirms U.S. “In a Trade War” With China as Tariff Threats Shake Markets (Cointelegraph)

• Australia Moves to Curb Crypto ATMs Amid Surge in Fraud and Money Laundering Risks (The Block)

• FSB Warns of 'Cascading Failures' from Global Crypto Regulatory Arbitrage (Decrypt)

• Philippine Blockchain Budget Bill Faces Legal Backlash Over Centralization Risks (Decrypt)

• SEC’s Hester Peirce Pushes for Financial Privacy, Calls Tokenization a “Huge Focus” for the Agency (The Block)

Token Generation Events

• MegaETH Opens Registration for Potential ICO on Cobie’s Sonar Platform (The Defiant)

Treasuries

• BitMine Adds 104,336 ETH During Market Downturn, Expanding Massive Treasury (The Block)

• Nasdaq-Listed Caliber Expands Chainlink Treasury With $2M Purchase (The Block)

Venture Capital

• CZ-Linked YZi Labs Leads $50M Funding for Stablecoin Payments Startup Better Payment Network (The Block)

• YZi Labs Invests in Temple Digital Group, Developer of Canton Network’s Native Trading Platform (X)

• Andreessen Horowitz Invests $50 Million in Solana Staking Protocol Jito (Fortune)

• Daylight Raises $75M to Build Decentralized, Crypto-Powered Energy Network (Business Wire)

Other News

• Fed Beige Book: U.S. Economy Flat as Labor Demand Softens, Prices Rise (FRB)

• North Korean Hackers Infiltrate Open-Source Hub to Target Crypto Developers (Decrypt)

• U.K. Mulls Returning $7B in Seized Bitcoin to Chinese Fraud Victims (Decrypt)

• Garlinghouse Declares U.S. Past the Point of No Return on Anti-Crypto Policy (The Block)

• FT Investigation: Trump Family’s Crypto Empire Nets Over $1 Billion in Pre-Tax Profits (FT)

• Square Processes First Bitcoin Payment at U.S. Coffee Chain, Signaling Breakthrough for Everyday BTC Use (Decrypt)

• How to Read Crypto Charts in 2025: Patterns, Indicators, and Smart Trading Basics (Cointelegraph)

• Cobo Co-Founder Shenyu Claims U.S. Law Enforcement Holds Private Keys to 120K Bitcoins (X)

• Steak ’n Shake Launches “Bitcoin Steakburger” to Celebrate Five Months of BTC Payments (Decrypt)

• Free Guide: The Best Golden Visas for Bitcoin Holders (Bitizenship)

• London Police Arrest Five in $1.3M Global Crypto Fraud Probe (Decrypt)

Check This Out

Despite widespread market liquidations, stablecoins are emerging as the core of crypto market resilience, reaching a record-high supply. The GENIUS Act and a new generation of entrants — including $USDe, $USD1, and $PYUSD — are accelerating institutional adoption and powering the next wave of digital asset growth.

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