Fed Releases 2025 Survey of Consumer Finances Data
Summary: The Federal Reserve Board released the 2025 Survey of Consumer Finances, providing detailed insights into American families' economic conditions.
Research
Calamos CEO Koudounis Predicts Bitcoin Will Reach $1 Million by 2030
Summary: Calamos Investments CEO John Koudounis maintains his forecast of $1 million per Bitcoin by 2030, citing institutional lending and ETF access as key drivers.
Bitcoin Core Dev Poinsot Addresses Quantum Risk Claims
Summary: Chaincode Labs' Antoine Poinsot responded to viral claims about AI-driven address security risks, emphasizing evidence-based research and early preparation for quantum computing threats.
French Committee Approves Stablecoin Swap Tax and Crypto Exit Levy
Summary: The Finance Committee adopted amendments taxing stablecoin conversions from 2027 and extending exit taxes to crypto holders with significant assets.
SALT CEO Cites Bitcoin Portability as Key Institutional Advantage
Summary: SALT Lending CEO Shawn Owen argues that Bitcoin’s superior portability and divisibility offer distinct advantages over gold and real estate for institutional investors.
Decrypt Launches Self-Custodial Money Accounts on Solana
Summary: Decrypt has activated self-custodial money accounts on Solana, enabling a single USDT balance to fund Earn, Swaps, Predictions, and Perps without bridging.
Ethereum Test Network Raises Block Limit to Over 3x Its Current Capacity
Summary: Ethereum's Sepolia testnet activated Glamsterdam on October 6 at epoch 353,024, with a block gas limit of nearly 200 million, more than three times mainnet's 60 million.
Trump Admin Announces $6B Science Push, Including Quantum and AI
Summary: The Trump administration announced over $6 billion in science initiatives, featuring a $215 million quantum computing competition and $2.4 billion in industry commitments for artificial intelligence tools.
Crypto Firms Join Anthropic’s New AI Security Scanner Program
Summary: Ethereum client developer Nethermind and Bitcoin wallet ZEUS have applied to Anthropic’s new OSS Scanner program, seeking AI-generated security reports to identify vulnerabilities in their open-source code.
Google Cloud Launches Gemini Agent With Dedicated Email and Audit Trails
Summary: Google Cloud introduced the Gemini agent, an autonomous AI that operates across Workspace apps with its own email address and separate audit trails.
Bitcoin ETFs See Worst Outflow Since June Amid Rising Treasury Yields
Summary: Bitcoin ETFs recorded a $484.9 million single-day outflow on Oct. 7, the largest since June, driven by rising macroeconomic pressures.
Kalshi traders see 87% odds gas prices stay above $4 on Election Day
Summary: Prediction market traders assign an 87% probability that the AAA national average for gas prices will remain above $4 per gallon on November 3.
Bitcoin ETFs See Worst Outflow Since June as Price Drops
Summary: Spot Bitcoin ETFs lost $484.9 million on Oct. 7, their worst day since June, while Bitcoin fell to $81,749.83.
Ethereum's Buterin Warns AI May Break Lattice Crypto in Two Years
Summary: Vitalik Buterin stated it is plausible that AI-driven mathematical advances could break lattice-based cryptography within two years, urging caution against premature fund migration.
US Government Transfers $1B in Seized Bitcoin to Coinbase Prime
Summary: The US government transferred over 12,267 Bitcoin, valued at more than $1 billion, to a Coinbase Prime wallet shortly after moving another $770 million in BTC.
StoneX Strategist Deluard Warns of Equity Sell-Off Post-November, Stays Bullish on Bitcoin
Summary: StoneX Global Macro Director Vincent Deluard predicts a bearish turn for equities after November due to AI capex limits, while maintaining a bullish stance on Bitcoin and gold.
CoinDesk Analyst Van Straten Links Bitcoin Rally to Gold Rotation
Summary: CoinDesk's James Van Straten identifies rotation from gold, equity corrections, and stablecoin inflows as primary drivers for Bitcoin's next rally.
Greece Proposes 10% Crypto Capital Gains Tax in Draft Bill
Summary: Greece has published a draft bill proposing a 10% capital gains tax on cryptocurrencies, with a €500 annual exemption, following earlier reports of a higher rate.
Ethereum Researcher Justin Drake Urges Crypto 'Bunker Mode' Amid AI Security Risks
Summary: Ethereum researcher Justin Drake advised users to migrate assets to fresh addresses, citing concerns that recent AI mathematical breakthroughs could compromise ECDSA security.
Bank of England Selects Four UK Wildlife Species for Next Banknote Series
Summary: The Atlantic puffin, barn owl, buff-tailed bumblebee and European hedgehog will feature on the next series of UK banknotes following a public consultation.