Bessent: “Bitcoin never shuts down”
Amid the shutdown’s drag on markets, Treasury Secretary Scott Bessent praised bitcoin’s resilience on Friday, stating “17 years after the white paper, the bitcoin network is still operational… Bitcoin never shuts down,” taking a jab at democrats along the way. Recall that in August he said the Treasury is exploring budget-neutral ways to expand the U.S. bitcoin reserve, but there’s been little new detail since. Taken alongside Trump’s comments last night on 60 Minutes, the signal is that the current admin very much remains pro-crypto, even if prices have softened. Read more →
Memecoins are slowing down
More than 13 million memecoins have been launched on Solana in the past year alone – a surge some tie to US regulatory fog – where, at least under the last administration, it was arguably safer to spin up a memecoin than to build a crypto company or some kind of token that was actually productive. Either way, the memecoin frenzy does look to be slowing down: September saw 56% fewer launches than January. Read more →
Animoca Brands Plans Nasdaq Listing Through Reverse Merger
Hong Kong-based crypto investor and blockchain developer, Animoca Brands, plans to go public on the Nasdaq through a reverse merger with Currenc Group (CURR). Animoca holds tokens and equity in more than 600 crypto companies. While most of the portfolio is tokens issued by crypto startups, it also holds equity in companies looking to IPO themselves shortly like Consensys and Kraken. Executive Chairman Yat Siu considers Animoca “basically a levered bet on altcoins.” Read more →
IREN shares surge nearly 30% as bitcoin miner inks $9.7 billion AI cloud deal with Microsoft Link»
CEO of collapsed Thodex exchange found dead in Turkish prison while serving 11,196-year sentence Link»
Chris Dixon on TPBN Link»
Appeals court sides with Federal Reserve in Custodia Bank case Link»
Tether Reports $10 Billion Profit in 2025 So Far Link»
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