A top economist in the Trump administration offered a fresh warning Friday about the record-setting government shutdown’s damaging effects, as the Senate struggled to make a deal to end the closure and airports began to reduce flights.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTEvMDE5YTVkYTQtMTBlMy03NzlmLWFhYjItNGE2OGI0NWY4OTNl.jpg" alt="Balancer exploit and Stream contagion expose DeFi’s fragile core: Finance Redefined"></p><p>Balancer and Stream Finance incidents totaling over $200 million shook DeFi as RedStone and major Ethereum protocols launched reform initiatives.</p>
Home prices are rising to new heights, yet sales have remained largely depressed.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTEvMDE5YTVlNjYtNWViMy03ZDFmLTk2OTktOGNhZDg2MzI5NjQ4.jpg" alt="Bitcoin Coinbase Premium hits 7-month low but traders spot a silver lining"></p><p>Bitcoin dipped below $100,000 as the Coinbase Premium hit a seven-month low, signaling weak US demand. Meanwhile, onchain data hints that short-term holders may be buying the dip.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDcvMDE5ODJjM2EtYThlNy03MDIzLWI3ZWEtNDgxYjJlZjUyOWFk.jpg" alt="Strategy prices new STRE preferred shares to fund Bitcoin accumulation"></p><p>The company continues to offer corporate debt securities and equities to finance its Bitcoin acquisitions despite recent troubles.</p>
Bitcoin is on track to end Friday in the bear-market territory for the first time since April 23.
For Wall Street, flight cancellations may not be the worst thing.
Technical indicators point to more weakness. Watch the VIX.
Also: A bond-market indicator for AI, advice on travel during the government shutdown and a potentially lucrative tax tip for homeowners.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTEvMDE5YTVmM2UtMDc2MC03N2Y0LTg4M2YtYzE2Y2M4YmNlNDc3.jpg" alt="Polymarket rife with ‘artificial trading,’ Columbia University researchers find"></p><p>A Columbia study found that up to 60% of Polymarket’s volume may stem from wash trading, raising new concerns about artificial activity in prediction markets.</p>
Bitcoin bulls have held the price above the critical $100,000 support level, but a shallow bounce increases the risk of a breakdown. Will altcoins gain ground while BTC searches for direction?
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTEvMDE5YTVmMjUtOTE2Ny03ZmVmLWI3NWEtYTk0YzUxOTcyZDRm.jpg" alt="What happens if ETH stops being deflationary and XRP becomes the global liquidity benchmark?"></p><p>Is ETH’s deflationary edge fading? Could XRP’s speed, compliance and liquidity network make it the next global bridge in digital finance?</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDcvMDE5ODRmMmQtMzY4OS03M2YzLTk0M2MtYTMwMDEwMWFjOWI1.jpg" alt="US Senate to vote on bill to reopen gov’t with crypto bill in limbo"></p><p>Some Republicans’ initial plans to have crypto market structure out of committee by November have been sidetracked by the government shutdown.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTEvMDE5YTVmMGEtN2M4MC03ZGFhLTlkYjQtZTgxYzUyZjA5ZWM5.jpg" alt="Commonware secures $25M from Tempo as Stripe, Paradigm deepen blockchain bet"></p><p>Tempo leads an investment round in startup Commonware to advance blockchain infrastructure for real-world payments.</p>
As AI-powered trading tools gain traction across crypto markets, industry insiders say most traders misunderstand how these models actually work and where their real risks lie.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTEvMDE5YTVlY2EtYTJkMC03ZTZkLTk4YWUtMmEzMjZkY2FmN2I2.jpg" alt="Bitcoin crisscrosses $100K as BTC price ‘bottoming phase’ begins"></p><p>Bitcoin sought a higher low while risking a breakdown of $100,000 support, as analysis said a BTC price rebound could come without much fuel.</p>
U.S. jobless claims rose last week but didn’t spike, according to investment banks crunching state-level data.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NWVhNDYtYWUzZS03N2FkLTgzODAtYzI4OTk5ZDNmMTIw.jpg" alt="Japan’s FSA backs joint stablecoin initiative by nation’s top banks"></p><p>Japan’s financial regulator has launched a “Payment Innovation Project” backing a joint initiative by major banks and corporations to issue yen-based stablecoins.</p>
“I have about $220,000 in savings and I have close to $300,000 in equity if I sell the house.”
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5MzRmMGEtZWE1OS03MWRjLWE4MjAtOGIzYTk5OWEyOTFl.jpg" alt="Why this key Bitcoin price trendline at $100K is back in focus"></p><p>BlackRock and Fidelity led a rebound in spot Bitcoin ETFs inflows on Thursday, as traders shifted their focus to the 50-week EMA at about $100,000.</p>