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Quick Take Summary is AI generated, newsroom reviewed. Vitalik Buterin supports Steak ’n Shake pausing its ETH vote, calling it a principled move. Bitcoin community pressure led to the halt, citing BTC’s superior Lightning performance. ETH averages 15–30 TPS with $3–$10 fees; BTC Lightning offers faster, cheaper payments. Steak ’n Shake processed 120,000 BTC transactions since May 2025 via BitPay. The pause underscores ideological divides shaping crypto merchant adoption in 2025.References X Post Reference

Large Investors Capitalize on Market Crash, Driving XRP's 60% Recovery from Historic Low

Over 1,000 wallets on Hyperliquid have been wiped out, with more than 10 billion USD in positions liquidated, far surpassing Binance's 2.4 billion USD.




Bitmine adds 27,256 ETH post-dip; Tom Lee sees a bullish reversal within a week.Bitmine Doubles Down on Ethereum During Market DipTom Lee Calls It: “A Good Shakeout”Signs of a Market Turn?
- 07:06USDe market cap shrinks again, now falling below $12.7 billion, with over $2 billion lost this weekJinse Finance reported that, according to Coingecko data, the market capitalization of the stablecoin USDe issued by Ethena Labs has dropped from about $13.5 billion yesterday to below $12.7 billion, currently reported at $12,660,245,970, shrinking by more than $2.16 billion compared to about $14.82 billion seven days ago. During the sharp cryptocurrency decline on October 11, USDe experienced a severe depeg from the US dollar, falling as low as $0.62 on some decentralized exchanges, with a depeg rate as high as 38%. The price has now recovered to the $1 range.
- 06:30Data: Traders who previously went 25x long on ETH have already made an unrealized profit of $1.862 millionAccording to ChainCatcher, on-chain analyst Ai Aunt (@ai 9684xtpa) monitored that a trader who previously went long on ETH with 25x leverage has now made an unrealized profit of $1.862 million. Previous reports indicated that a user with the address 0xb9f...6d365 opened a 25x leveraged long position of 18,960.93 ETH. The position is valued at approximately $70.76 million.
- 05:56As of October 9th, Eastern Time, the total circulating supply of USDC has increased by approximately 1.3 billion compared to a week ago.According to Jinse Finance, citing official data from Circle, from October 3 to October 9 Eastern Time, Circle issued approximately 6.8 billion USDC and redeemed about 5.5 billion USDC, resulting in a net increase of around 1.3 billion USDC in circulation. As of October 9, the total USDC in circulation was about 75.5 billion, with reserves of approximately 75.6 billion US dollars.