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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?
- 07:46After losing $2 million in the market crash, a certain whale has reopened ETH long positions and has now recovered the losses.According to Jinse Finance, monitored by Lookonchain, a certain whale was fully liquidated during the market crash, losing $2 million. About 5 hours ago, this whale reopened a 25x long position with $9.5 million USDC, holding 18,960 ETH (worth $72.7 million). Now, the whale has made a profit of $2.24 million, recovering the previous loss.
- 07:41Aster: The new Aster Phase 2 airdrop claim is now live and will open at 20:00 on October 14.ChainCatcher news, Aster has announced that the new Aster Phase 2 airdrop eligibility check is now live. Users can still choose to claim the airdrop or receive a full refund of S2 transaction fees. The deadline for selecting the claim option is October 13 at 20:00, the ASTER airdrop will be open on October 14 at 20:00, and transaction fee refund applications must be completed before 7:59 on October 16 after the refund application opens.
- 07:30South Korean and U.S. finance ministers to meet in the U.S. next week, possible discussion on currency swapAccording to Jinse Finance, citing foreign media reports, as Korea-US tariff negotiations have stalled due to issues regarding the implementation of an investment plan in the US totaling $350 billion, Korea's Deputy Prime Minister and Minister of Economy and Finance, Choo Kyung-ho, will visit the US on the 15th to meet with US Treasury Secretary Scott Besant. According to news from Korea's Ministry of Economy and Finance and the department in charge of economic and trade affairs on the 12th, Choo Kyung-ho will attend the G20 Finance Ministers and Central Bank Governors Meeting, as well as the IMF and World Bank Annual Meetings in the US on the 15th. It is expected that Choo Kyung-ho will hold bilateral talks with Besant at that time to exchange views on the fiscal affairs of both countries. It is reported that the specific time and format of the bilateral finance ministers' meeting have not yet been finalized.