Cryptonews

Under the auspices of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, a law penned in the annals of history by the hand of President Trump himself, the Treasury has issued a call to arms-or rather, a call to pens and keyboards. By October 17, the citizens of this great nation must offer their thoughts, their dreams, and perhaps even their nightmares about the future of digital assets and the methods to safeguard them from the clutches of those who would misuse them. 📜💻

Bitcoin [BTC], the digital gold of our times, has taken a bit of a tumble, falling 7% and breaking below its 2025 trendline support. This has set off a new round of doomsday predictions on Crypto Twitter (CT), but let’s not get too dramatic just yet. 🚨

In his latest discourse upon the digital stage, Mr. Mow observed a rather curious phenomenon-a veritable exodus of Ethereum from staking contracts. Indeed, he notes that the sum of Ethereum poised for withdrawal grows by the day, inching ever closer to the lofty figure of 1,000,000 coins. At present, a staggering 909,788 ETH (worth approximately $3,897,112,990 in fiat currency-pray, do not ask me to count it twice!) awaits liberation. And lo, since his prior missive some four days past, this pile hath swelled by 141,388 ETH. Could such an event portend bullish tidings for Bitcoin? Mr. Mow certainly thinks so. But then again, when does he not sing praises of BTC? 😇

So, it closed near $3. A selloff happened. A *late* selloff, naturally. It’s always a late selloff. Makes it more dramatic, I suppose. Billions of dollars changing hands. Billions! And for what? For this? I need a sandwich.

In 2010, Bitcoin was worth a few cents. Fast forward a year, and it was $20. Six years later, it was $17,000, and now it’s lounging at over $100K, after hitting an ATH of $123K in July. Talk about a glow-up! 💅

Launched back in 2013, $DOGE is now strutting a 39,000% increase, rocking a price of over $0.22. That’s like finding out your childhood pet hamster is now richer than you. #LifeGoals

This unholy union seeks to marry Bitlayer’s so-called “security roots” with Solana’s need-for-speed reputation. Charlie Hu, co-founder of Bitlayer, waxed poetic in a press release shared with CoinDesk: “We’re giving BTC holders what they crave-native Bitcoin exposure with yield opportunities.” As if they were handing out free pies at a village fair. 🥧

Yet here’s the twist: long-term holders are buying the dip with all the enthusiasm of a debutante at a champagne fountain. Are they visionaries or merely delusional optimists? Let’s dissect this circus. 🤡🎪

Once upon a recent time, the wallets with more than 100,000 ETH-those behemoths that could fill a small village-were more numerous than a flock of sparrows in summer. Now, they’re fewer, perhaps fewer than the number of times your Aunt Doris says she’s “looking into Bitcoin.” The count has fallen from over 200 in 2020 to a measly 70 in 2025. No tears, no drama, just a deep breath and a shrug. 😅

With a swift nod of approval, the president cast his lot with stablecoin-focused blockchains and their birthing cries into the limelight. One month hence, and we find ourselves amid a torrent of change, dear reader. Is it not peculiar how these digital currencies, as lithe and evasive as the most elusive butterflies, now parade their worth not just in private, clandestine corners, but under the scrutiny of public forums?