Blast From the Past: Previous U.S. Government Shutdown Aligned With Bitcoin's Bear Market Bottom
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Today’s shutdown coincides with record gold prices, and a major leverage flush out.
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Today’s shutdown coincides with record gold prices, and a major leverage flush out.
[Decrypt: Public Companies Increase Ethereum Holdings to Billions of Dollars] Public companies are significantly increasing their Ethereum holdings, with the total value of their positions reaching billions of dollars. According to the latest data, these enterprises have become one of the largest institutional holders of Ethereum, demonstrating long-term confidence in the asset. The community has responded positively to this, though some are concerned about the potential market risks posed by concentrated holdings. (Decrypt)
[Federal Reserve Beige Book: Overall Economic Activity Shows Little Change] The Federal Reserve Beige Book indicates that recent economic activity has shown little change, with slight growth or slowdown in some regions. Consumer spending has slightly declined, and middle- to low-income households are seeking discount promotions. The manufacturing sector faces challenges from tariffs and weakened demand, while activities in agriculture and energy have generally decreased. Future economic outlook varies by region and industry, with rising uncertainty potentially weighing on economic growth.
[Decrypt: U.S. May Include $1.4 Billion in Bitcoin in Reserves] The U.S. government currently holds approximately $1.4 billion in Bitcoin, sparking discussions on whether it should be included in national reserves. Previously, these Bitcoins were confiscated through law enforcement actions involving multiple cases. Policy and legal issues remain unresolved, and the community continues to monitor its potential impact. (Decrypt)
[Square Merchants Accept Bitcoin Payments for the First Time in the U.S.] Square merchants have started supporting Bitcoin payments in the United States, marking the platform's first activation of cryptocurrency payment functionality in the region. (Bitcoin Archive)
[Sony Applies for Banking License to Offer Cryptocurrency Services] Sony, through its online banking division, has applied for a national banking license, planning to provide cryptocurrency and stablecoin-related services. This application joins the ranks of crypto companies such as Stripe, Coinbase, Paxos, and Circle seeking OCC licenses. This move indicates that traditional enterprises are accelerating their entry into the crypto space, potentially driving further refinement of the industry's regulatory framework. (Decrypt)