US Senator: Bitcoin Reserve Plan Could Start Any Time, BTC Could Reach $160,000
A US Senator stated that the federal government could launch its Bitcoin reserve plan at any time and that this step could push the Bitcoin price to $160,000. The senator said the government should expand its strategic reserves to include digital assets, which would strengthen the U.S.’s economic sovereignty.
Fed’s Williams: Weakening Labor Market Supports Further Interest Rate Cuts
New York Fed President John Williams highlighted the slowdown in the labor market and expressed his support for further interest rate cuts. Williams emphasized that despite inflation remaining above target, the rise in unemployment requires flexibility in the Fed’s policies. He noted that the Trump administration’s new tariffs have temporarily raised some prices but expects this effect to diminish over time.
Remixpoint Increases Bitcoin Holdings to 1,374.68 BTC
Japan-based public company Remixpoint acquired an additional 3.22 BTC, bringing its total Bitcoin holdings to 1,374.68 BTC.
Exodus Movement: Bitcoin Treasury Reaches 2,123 BTC
Exodus Movement, traded on the US stock exchange, increased its Bitcoin treasury to 2,123 BTC according to its September financial report. The company announced that its operations consistently generate BTC returns and that it continues to expand its treasury strategy.
Bloomberg: $75 Billion Worth of Crypto Assets Could Be Used as Reserves by Governments
According to Chainalysis data, there are approximately $75 billion worth of crypto assets linked to illegal activities. It has been reported that many governments are considering evaluating these seized digital assets as strategic reserves. The majority of these assets (75%) are Bitcoin.
Bitcoin Mining Company IREN Launches $875 Million Convertible Bond Offering
IREN announced that it has issued $875 million in convertible senior bonds. The bonds will mature in 2031 and have a conversion price of $85.63–120.18 per share. The company plans to use the proceeds for general corporate purposes and working capital.
BNB Chain Breaks Record in Daily Gas Usage
BNB Smart Chain broke records by reaching 5 trillion gas usage and 24 million swap transactions in a single day. While 77% of transactions consist of swap transactions, a standard gas fee of 0.05 Gwei has been adopted across the network.
French Central Bank President: Regulation of Crypto Companies Should Be at the EU Level
French Central Bank President François Villeroy de Galhau said that regulatory authority for crypto companies should be transferred to the European Securities and Markets Authority (ESMA). He emphasized that consolidating crypto licensing in Europe under a single umbrella would reduce arbitrage risks during stressful periods.
PancakeSwap: CAKE Supply Has Been Continuously Decreasing for 25 Months
PancakeSwap announced that it has removed a total of 3,191,963 CAKE tokens (approximately $12 million) from circulation through its ongoing burn program over the past 25 months. The platform stated that its deflationary model will benefit the ecosystem in the long term.
Multi-Chain Transaction Infrastructure LAB Raises $5 Million
LAB completed a $5 million funding round with investors including Selini Capital, Re7 Capital, OKX Ventures, and Animoca Brands. The company announced it will use the funds for infrastructure development, product expansion, and global growth.
Hyperscale Data Reduces Debt by $30 Million
Hyperscale Data, listed on the NYSE, has paid off a total of $30 million in debt through its debt reduction and repayment program. The company plans to expand its corporate-level AI and Bitcoin mining operations by expanding its new 617,000 m² campus in Michigan.
Remixpoint Increases Bitcoin Holdings to 1,374.68 BTC
Japan-based public company Remixpoint acquired an additional 3.22 BTC, bringing its total Bitcoin holdings to 1,374.68 BTC.
CryptoQuant: Long-Term Investors Sold 295,000 BTC in 30 Days
CryptoQuant analyst Axel Adler Jr. noted that long-term investors sold 295,000 BTC in the last 30 days, which is quite low compared to the sales peaks in 2024. Adler emphasized that despite continued selling pressure, market demand remains strong.
CZ Spotted with Masayoshi Son — Partnership Anticipated at Binance Japan
Binance founder CZ shared a photo with SoftBank Chairman Masayoshi Son on the X platform. PayPay is reportedly set to acquire a 40% stake in Binance Japan.
B HODL Increases Total Holdings to 136 BTC by Purchasing 8 More BTC
UK-based Bitcoin treasury company B HODL increased its total holdings to 136 BTC by purchasing 8 more BTC. The average purchase price was £84,744 (approximately $113,759).
Coinbase Launches US-Based DEX Platform
Coinbase has launched its non-custodial trading platform for US users. The DEX integrates 1inch and 0x liquidity pools, but is currently unavailable in New York state.
Arthur Hayes: “Debasement Trade” Has Begun, Bankers Will Promote Crypto
BitMEX founder Arthur Hayes wrote that traditional finance has now embraced the “debasement trade” narrative. Hayes stated that bankers will more aggressively recommend value preservation tools such as gold and cryptocurrency to their customers.
Japan’s New Prime Minister May Improve Crypto Regulations
According to Cointelegraph, Japan’s new Prime Minister Sanae Takaichi plans to introduce policies that support the crypto economy. With Takaichi taking office, Japan may take a more open stance toward blockchain-based experiments and digital asset innovation.
