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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.


- 14:43Analyst: Bitcoin is retesting the "golden cross" and may see a significant reboundBlockBeats News, October 12, cryptocurrency market analyst Mister Crypto stated that Bitcoin is currently retesting the "golden cross," a historically bullish technical pattern that often precedes price increases. The golden cross is a bullish trading signal that occurs when a short-term moving average (typically the 50-day moving average) crosses above a long-term moving average (typically the 200-day moving average), indicating a shift from a bearish to a bullish market and suggesting that prices may start to rise. Currently, Bitcoin is hovering around $110,000, and if it can remain above this level, it could trigger another significant rally.
- 14:43Altcoin Season Index drops to 34BlockBeats News, October 12, according to Coinmarketcap data, the Altcoin Season Index has dropped to 34. Previously, on September 20, it once rose to 78, with last week's average at 59 and last month's average at 68. The index shows that in the past 90 days, about 34 projects among the top 100 cryptocurrencies by market capitalization have outperformed bitcoin. Note: The CMC Altcoin Season Index is a real-time indicator used to determine whether the current cryptocurrency market is in an altcoin-dominated season. The index is based on the performance of the top 100 altcoins relative to bitcoin over the past 90 days.
- 14:42Traders are betting on a bitcoin rebound next weekBlockBeats News, October 12, according to Cointelegraph, Bitcoin price fluctuated around $112,000 at the weekly close on Sunday, with traders anticipating a rebound in Bitcoin price in the coming days. Data from Cointelegraph Markets Pro and TradingView showed that after a $1.9 billion crypto liquidation event, volatility has decreased. Although Bitcoin failed to achieve a significant rebound, market participants believe that next week may see stronger performance. The trading information platform TheKingfisher pointed out that the market may see a liquidity grab near $114,000, while traders are holding a large number of short positions on BTC. The weekend is a good time to trigger BTC range liquidations. Despite the $1.9 billion liquidation in the crypto market, the bullish uptrend for Bitcoin can still remain intact.