1. 109 Israeli economists and business leaders warn Netanyahu against cryptocurrency sanction evasion plan
109 Israeli economists and business leaders have warned Netanyahu not to implement a cryptocurrency-based sanction evasion plan. The signatories include former Bank of Israel Governor Jacob Frenkel and 2025 Nobel Laureate in Economics Joel Mokyr. The signatories state that cryptocurrency is a puzzling solution, used by criminal organizations, and does not help solve the problem. On Friday, Netanyahu stated that Israel should prepare to build an alternative economy to respond to situations where banks face sanctions, and confirmed that the plan involves cryptocurrency. The Bank of Israel has already rejected this idea. The Israeli general election will be held tomorrow.
2. Bitcoin ETF sees single-day net outflow of 2,123 BTC, Ethereum ETF net outflow of 6,960 ETH
Bitcoin ETF daily net outflow was 2,123 BTC ($169 million); 7-day net inflow was 3,344 BTC ($267 million). Ethereum ETF daily net outflow was 6,960 ETH ($16.07 million); 7-day net outflow was 85,801 ETH ($198 million).
3. Market predicts 90.6% probability US Federal Reserve will keep interest rates unchanged on October 28
The market predicts a 90.6% probability that the US Federal Reserve will keep interest rates unchanged on October 28.
4. CFTC Chairman Mike Selig says voluntary federal registration path for crypto exchanges advancing
CFTC Chairman Mike Selig stated that while Congress has yet to act, the CFTC is advancing a voluntary federal registration path for crypto exchanges, bringing them closer to US market regulatory standards, and believes that the crypto market should enjoy the same protections as the US derivatives market.
5. Swiss private bank J. Safra Sarasin holds over $17.5 million in Bitcoin
Swiss private bank J. Safra Sarasin announced that it holds over $17.5 million worth of Bitcoin. The bank manages assets amounting to $42.6 billion.
6. Strive increased its holding by 6,182 BTC last week, with a total holding of 43,000 BTC
According to filings with the US SEC, Strive purchased 6,182 BTC at an average price of approximately $82,732 between October 17 and 23. As of October 23, Strive held a total of 43,000 BTC. Cash and cash equivalents stood at $504.4 million, an increase of $186.9 million since October 16. The company also held 505,000 shares of Strategy STRC preferred shares with a fair value of approximately $50.18 million. During the same period, Strive's class A ordinary shares outstanding increased by approximately 3.266 million shares to about 118.1 million shares. SATS preferred shares outstanding stood at 7 million shares, while SATA preferred shares outstanding remained unchanged at around 14.03 million shares.
7. BitMNR increases holdings by 10,452 ETH, now holding 6.05 million ETH worth $14 billion
After a 10-week suspension, BitMNR resumed share buybacks, spending $45.9 million to repurchase 2.04 million shares and simultaneously increased its holdings by 10,452 ETH, bringing its total holdings to 6.05 million ETH worth $14 billion.
8. Ethereum Foundation researcher Toni Wahrstätter delays Glamsterdam upgrade due to compatibility issues
Ethereum Foundation researcher Toni Wahrstätter said that due to a ChainSecurity report uncovering compatibility and security issues between EIP-8037 and certain smart contracts, core developers have decided to postpone the Hoodi testnet upgrade to Glamsterdam. Issues found include increased residual gas during transaction execution causing gas counting logic underflow and triggering rollback, as well as some contracts underestimating gas usage. ChainSecurity has identified 13 real cases and is disclosing them. Toni Wahrstätter said that this week they will examine related contracts and evaluate solutions, and reminded developers to check their contracts for compatibility with EIP-8037 and EIP-8038.
