🧑‍💻 Cypherpunk IDs, Luxembourg + Bitcoin, & Debasement Bets

Good Afternoon,

Happy Thursday! Lots of new developments in AI, Web3, and global finance. Ocean Protocol has exited its alliance with Fetch.ai and SingularityNET, while Luxembourg makes history as the first Eurozone nation to invest in Bitcoin through ETFs. From cypherpunk identity systems to governments eyeing seized crypto, Arthur Hayes’ latest macro take, and much more.

Scroll down 👇 and dive in!

News Roundup

Artificial Intelligence

• AI Drives 92% of U.S. Growth — But Economists Warn of a Looming Bubble (Decrypt)

• Ocean Protocol Exits AI Token Alliance with Fetch.ai and SingularityNET (The Block)

• Billions Network Offers a Cypherpunk Alternative to Worldcoin’s Global ID System (Cointelegraph)

• Senator Bernie Sanders Warns AI Could Erase 100 Million Jobs (Decrypt)

Decentralized, Centralized, & Traditional Finance

• Grayscale Rebalances Multi-Asset Funds for Q3 2025 (GlobeNewswire)

• Solana’s $2.85B Revenue Surpasses Ethereum’s Early Growth, Says 21Shares (Cointelegraph)

• 2.4 million ETH Awaits Withdrawal as Validator Exits Surge, But Institutions Step In (Cointelegraph)

• Canary Trump Coin ETF Listed on DTCC, Bringing Political Meme Coins to Wall Street (Crypto Briefing)

• $5.3B in Crypto Options Set to Expire Friday — Bitcoin Split, Ethereum Bullish (X)

• Citi Invests in Stablecoin Firm BVNK Amid Growing Bank Interest in Onchain Settlement (Decrypt)

• MiniPay Launches Stablecoin-Backed Dollar and Euro Accounts for Freelancers (Decrypt)

• Switzerland’s AMINA Bank Launches Regulated Polygon (POL) Staking (CoinDesk)

• Kraken Expands Into CME Futures for Oil, Gold, and FX (The Block)

• Institutions Adopt Wall Street-Style Stock Picking for Crypto (CoinDesk)

• Kerrisdale Capital Shorts Bitmine, Citing Flawed DAT Model (X)

• Arthur Hayes: Traditional Finance Embraces the ‘Debasement Trade’ (X)

• Bybit Becomes First Exchange to Receive UAE’s Full Virtual Asset License (Bybit)

Exchange-Traded Funds

• Bitwise and 21Shares Add Staking, Cut Fees in Solana and Ethereum ETF Filings (Decrypt)

• U.S. Spot Bitcoin ETFs saw $441 million in net inflows on October 8, marking eight consecutive days of positive momentum.

• U.S. Ethereum spot ETFs extended their streak, recording $69.05 million in net inflows for the same period.

• BlackRock’s Bitcoin ETF Tops 800,000 BTC After $4B Inflow Streak (The Block)

• Luxembourg Becomes First Eurozone Nation to Invest in Bitcoin ETFs (CoinDesk)

• Exodus Treasury Climbs to 2,123 BTC as Self-Custody Growth Continues (Globe Newswire)

• Grayscale Selects Figment as Staking Provider (Figment)

Infrastructure

• Farcaster Integrates BNB Chain as BNB Becomes Third-Largest Crypto (The Block)

• Jack Dorsey’s Square Launches Bitcoin Payments and Wallet for Merchants (Decrypt)

• Binance Wallet Launches “Meme Rush” Platform for Early Access to High-Potential Meme Tokens (Binance)

• Ripple Expands Into Bahrain, Strengthening RLUSD Stablecoin Strategy (CoinDesk)

• BNB Smart Chain Finalizes 0.05 Gwei Gas Fee Adoption (X)

Markets

• Block Stock Hits 8-Month High as Square Launches Fee-Free Bitcoin Payments (The Block)

• Binance Futures Adds Support for Chinese Trading Pair Symbols (Binance)

• Silver Breaks $50 for the First Time in History (PR Newswire)

• ZORA Surges 40% on Robinhood Listing (The Defiant)

Meme Coins

• How Pump.fun Captured 80% of Solana’s Memecoin Market — And What Could Threaten Its Reign (Cointelegraph)

• BNB Memecoins Crash Up to 95% After CZ Clarifies Tweets Aren’t Endorsements (The Block)

Politics & Regulation

• UK to Appoint ‘Digital Markets Champion’ to Lead Tokenization Push (Bloomberg)

• Jack Dorsey and Sen. Lummis Renew Push for Bitcoin Tax Exemption as Block Expands BTC Payments (Decrypt)

• UK Lifts 4-Year Ban on Crypto Exchange-Traded Notes (Cointelegraph)

• Governments Eye $75B in Crypto Tied to Illicit Activity for Strategic Reserves (Bloomberg)

• Crypto.com Prediction Market Faces Regulatory Setback in Nevada (Decrypt)

Treasuries

• This NYSE-Listed Food Company Aims to Stack $1.2 Billion in Bitcoin (Decrypt)

• DDC Enterprise Raises $124 Million to Accelerate Bitcoin Treasury Expansion (Business Wire)

• Sharps Technology Partners with Coinbase to Expand $400M Solana Treasury Strategy (PR Newswire)

• Former UBS Executive Aims to Buy 5% of Solana and List in Hong Kong Within Six Months (hket)

• DeFi Development Corp and Superteam Japan Launch First Solana Treasury in Japan (Nasdaq)

• Bonk, Inc.: Solana Meme Coin Treasury Firm Rebrands and Targets 5% BONK Supply (Decrypt)

• Solana Foundation’s Discounted Token Deals Fuel Treasury Surge (The Block)

Venture Capital

• Pantera Leads $15M Seed Round for TransCrypts to Scale Blockchain Identity Platform (CoinDesk)

Other News

• Fed Minutes Show Slower Growth, Softer Jobs, and Likely Rate Cuts Ahead (FRB)

• Polymarket Founder Shayne Coplan Teases Potential POLY Token (The Block)

• Coinbase’s Base Hints at Token Plans With New Governance Research Hire (The Block)

• Gemini Expands in Australia Ahead of New Crypto Regulations (Decrypt)

• OpenLedger Launches SenseMap to Pay Users for Verified Mapping Data (The Block)

• Binance Updates Monitoring and Seed Tags for Select Tokens (Binance)

• Binance Japan Partners with PayPay in Major Cashless–Crypto Alliance (PR Times)

• Two Indicted in $600K ‘Wrench Attack’ on Israeli Bitcoin Trader (Decrypt)

• Arthur Hayes Declares Bitcoin’s Four-Year Cycle Dead Amid Global Liquidity Surge (CoinDesk)

• Summer Capital’s Joseph Chee on Why He’s Going All-In on Web3 (Wu Blockchain)

• State Street: Institutions to Double Digital Asset Exposure by 2028 (The Block)

• What the ‘Debasement Trade’ Means for Bitcoin (Decrypt)

Check This Out

Nearly 80% of all new Solana memecoin launches are launched from Pump.fun. This is driven by its easy one-click token minting and automated locked liquidity features.

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