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Vitalik Buterin Confirms Support for Steak ’n Shake’s ETH Payment Pause After Bitcoin Community Pushback
Vitalik Buterin Confirms Support for Steak ’n Shake’s ETH Payment Pause After Bitcoin Community Pushback

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

coinfomania·2025/10/12 06:54
Bitmine Confirms $480 Million Ethereum Accumulation Strengthens World’s Largest ETH Treasury
Bitmine Confirms $480 Million Ethereum Accumulation Strengthens World’s Largest ETH Treasury

Quick Take Summary is AI generated, newsroom reviewed. Bitmine bought 128,718 ETH worth $480M amid a 15.6% Ethereum crash. Transactions traced to FalconX and Kraken wallets confirm the purchases. The firm now holds 2.96M ETH, targeting 5% of total supply. Market crash triggered by U.S.-China tariff escalation on Oct 10. Tom Lee-led Bitmine continues aggressive dip-buying with institutional backing.References X Post Reference

coinfomania·2025/10/12 06:54
Pi Coin Could See a Comeback Opportunity Amid The Market Crash – Here’s How
Pi Coin Could See a Comeback Opportunity Amid The Market Crash – Here’s How

Pi Coin stood strong during the recent crypto crash, holding key support near $0.15. With selling pressure easing and RSI divergence forming, the token may aim for an 18% rebound if it clears $0.205 resistance.

BeInCrypto·2025/10/12 06:12
Will Zcash Price Continue To Rally Or Fall Flat After Its 4-Year High?
Will Zcash Price Continue To Rally Or Fall Flat After Its 4-Year High?

Zcash (ZEC) has defied the recent crypto market crash, rising 74% in a week and 10% in a day. Both retail traders and large holders are fueling the rally, but growing leverage positions could add risk if momentum fades.

BeInCrypto·2025/10/12 05:31
These 3 Altcoins Turned the Market Crash Into a Comeback With Massive Buybacks
These 3 Altcoins Turned the Market Crash Into a Comeback With Massive Buybacks

Following Trump’s abrupt tariff announcement that triggered a sharp crypto downturn, several blockchain projects—including World Liberty Financial, Aster, and Sonic Labs—announced large-scale token buybacks to stabilize their ecosystems.

BeInCrypto·2025/10/12 05:09
Flash
19:12
Sources: Multiple U.S. States Considering Lawsuit to Block Paramount's Acquisition of Warner Bros.
On June 6, it was reported that chief attorneys from several U.S. states are drafting a legal document to challenge Paramount Global's $110 billion acquisition of Warner Bros. Discovery (WBD.O), laying the groundwork for an antitrust lawsuit against this massive Hollywood deal. According to informed sources, senior officials from about 10 states have begun drafting complaint documents and discussing legal procedures to potentially file a lawsuit within this month to block the merger. California, a hub for the entertainment industry, is leading this effort. No final decision has yet been made regarding the filing of a lawsuit or which states will join the action. Most of the states considering the lawsuit are led by Democratic attorneys general, but at least two Republican attorneys general are also involved in the investigation. Officials from California and other states have reportedly met with Paramount and opponents of the deal, requesting sworn statements or testimonies that could be used in the lawsuit.
17:47
Jiang Zhuo'er: Bitcoin Has Not Successfully Broken Below $60,000 Support, Potential Rebound Over the Weekend
BlockBeats News, June 6th, BitDeer Mining Pool (B.TOP) founder Jiang Zhuo'er stated in a post that Bitcoin has not effectively dropped below the $60,000 strong support. The price difference between an exchange is shrinking, indicating that the selling pressure from ETFs and other US stock institutions is decreasing. There may be a rebound in the crypto market over the weekend. Yesterday, Jiang Zhuo'er announced that he had "bought the dip" and repurchased all his ETH holdings at $1645, expecting to start selling after a rebound in 1 to 3 days.
17:02
Tonight, the "Gathering of Heroes" sees the Whale perform buy-the-dip, accumulation, liquidation, and onlooker behaviors, where only those who respect the market can sail far.
BlockBeats News, June 6th. Tonight is destined to be a sleepless night for stock and crypto investors. Impacted by the better-than-expected employment data, the U.S. stock market opened lower and quickly experienced a deep decline. As of press time, the downward trend has not stopped, with the Nasdaq falling by 3.00%. Several AI stocks that were previously hyped saw significant pullbacks. The crypto market is even bloodier. As expected, a familiar scene of liquidation and repositioning played out. However, tonight there were also multiple whales accompanying this: A whale who leveraged 104,772.57 WETH for a long position on-chain also experienced partial liquidation. It is worth mentioning that this whale was the same one who bought the dip during El Salvador's February sell-off. However, with the changing times, as this whale watched helplessly as their position was liquidated tonight, El Salvador was already lamenting on the shore about the astonishing speed of the market decline. In addition, during the on-chain whale liquidation, several well-known traders were bottom fishing and giving out signals. The most famous among them is the whale known as "Setting 10 Big Targets First," who opened a position at $60,153.8 per BTC, buying 2,835.32 BTC, worth $170 million. Killa is slowly accumulating with spot positions and low leverage. Ansem, on the other hand, advises users not to rush to bottom fish. The market is like an ocean, attracting all kinds of talents, with whales churning the waters. Some awaken during liquidation, while others accumulate during the bloodbath. True wisdom lies not in catching the bottom but in surviving through each cycle. Tonight, no one can escape the waves; tomorrow, only those who show reverence can continue to sail.
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