Happy Monday Bitcoiners - itâs Bam with another weekly update!
Each week, we condense the most impactful news releases into a concise, easy-to-read update so youâre always in the know!
Notable events this week include đ
Tucker Carlson, son of a CIA insider, FUDs Bitcoin, claiming itâs a CIA plot.
Lugano, Switzerland gets taken over by Bitcoiners for Planâż.
Whales are trading UTXOâs for Bitcoin ETFs.
Letâs dive in âĄ
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Latest News đ°
đ Adoption
Ark Labs launches Arkade on Bitcoin mainnet in public beta, introducing VTXOs for rapid offchain lending and trading, advancing programmable Bitcoin and reducing reliance on bridges and wrapped assets.
PlanB Network, host of the Bitcoin and Freedom Tech Conference in Lugano, Switzerland, closed the week with the most epic drone show in Bitcoin history.
Rumble, has introduced an innovative tipping feature that lets its 51M users send tips to creators using Bitcoin or Tether.
âď¸ Legal
Trump pardons Binance founder CZ, calling his actions ânot even a crimeâ and saying he granted the pardon âat the request of a lot of good peopleâ.
Relai, the Bitcoin exchange app, secures a MiCA license in France, allowing it to expand beyond Italy and Switzerland enabling app downloads to users across the EU.
Fed Governor Waller opens the Fedâs Payments Innovation Conference saying, âcrypto assets are no longer on the fringes but are increasingly woven into the fabric of the payment systemâ.
đ Markets
Whales are moving billions into ETFs after Julyâs taxfree in-kind transfer rule, with BlackRock converting over $3B into IBIT shares.
Gold suffers a brutal trillion dollar drawdown as capital floods into Bitcoin. Since Tuesday, Bitcoin has outperformed by 12 percentage points.
JPMorgan will allow institutional clients to use Bitcoin holdings as lending collateral by year-end, safeguarded by a third-party custodian.
đŚ Treasury
Capriole's Charles Edwards says roughly 1 in every 4 Digital Asset Treasuries have an mNAV of less than 1, and that number is trending up as debt levels start to elevate.
Citi upgrades their rating on Bitcoin treasury firm Strategy ($MSTR) with a target of $485 / share.
Bitcoin Treasuries releases analysis showing how PIPE unlocks (where companies raise capital by selling discounted shares to institutional investors) have crushed valuations of firms like $NAKA and $ASST.
âď¸ Mining
A solo Bitcoin miner using an Umbrel server earned a substantial rewards after independently confirming block 920,440 via the Public Pool, showcasing Bitcoinâs decentralization with a 3.125 BTC payout.
HIVE is expanding its Paraguay operations with a premier 100 MW Bitcoin mine powered by the ItaipĂş Dam, boosting its 2026 hashrate target to 35 EH/s and total renewable capacity to 540 MW across three countries.
A German solo miner demonstrates how to mine on the go, powering his NerdQaxe++ rig with an 80W outlet while riding a train to Switzerland.
đłď¸ Politics
US and China hold successful trade negotiations in Malaysia, averting a rare earth export standoff after Trumpâs tariff threat, propelling the Nikkei 225 to historic highs and Bitcoin to a positive October.
Tucker Carlson says heâs a hard "NO" on Bitcoin, claiming it was created by the CIA and fearing âitâll become a scam run by elites and politicians to tighten control over societyâ.
Bitcoin Policy Institute launches the Congressional Fellows Program. These are full-time, paid positions that help members of Congress understand Bitcoin and make informed policy decisions about it.
đ§ Bitcoin Trivia đ§
What key problem does the newly introduced Bitcoin Improvement Proposal (BIP) Chain Code Delegation solve?
Bamâs 2 Sats đ§˘
Among 3,000 Bitcoiners in Lugano: A Glimpse of Whatâs Next
As many of you know, the weekend of October 24â25 marked the legendary Plan âż Forum in Lugano and I was lucky enough to be there. In this stunning Swiss lakeside city surrounded by mountains, over 3,000 Bitcoiners came together for a weekend of talks, debates, workshops, live music (along with what might have been the most spectacular Bitcoin drone show ever).
The experience was nothing short of magical. As a Bitcoiner, I think many of us can relate - living our everyday lives surrounded by normal people who donât really share our values, who see us as the âweird onesâ obsessed with currency debasement and digital ledgers.
We read, listen to podcasts, learn, but rarely do we have the possibility to live Bitcoin, surrounded by our fellow Bitcoiners who truly understand what it means.
Thatâs what makes this conference special.
Lugano, a beautiful city in southern Switzerland, has seen its Bitcoin community grow rapidly. Locals host weekly meetups called The Satoshi Spritz, where itâs become common to walk into a cafĂŠ and ask âCan I pay in Bitcoin?â and hear a simple âyesâ.
Even when staff arenât fully versed in the tech, many venues have payment terminals that accept Bitcoin and automatically convert it to local currency in the background.
As for the conference itself, it was deeply inspiring to be surrounded by hoards Bitcoiners, watching people convert their sats into coffee, merch, and food (finally using the technology weâve been talking about for years).
Of course, the familiar divide was still there. Some chose to conserve their Bitcoin and spend fiat, while others embraced the âspend and replaceâ mindset, enjoying the optionality of using their Bitcoin that required no permission from any 3rd party.
If youâd asked me a couple of years ago, Iâd probably have said a conference wasnât worth admission, and that those sats would be better stacked. But after living through this experience, Iâve changed my mind. Itâs absolutely worth it.
The sense of community is real and deeply motivating. Itâs inspiring to see where Bitcoin is headed and to imagine what the future will look like once mainstream adoption hits - when living on a Bitcoin standard is simply normal.
And beyond everything I mentioned above, these events are just a ton of pure fun.
Stay safe and keep on stacking!
-Bam
Weekly Live Stream đ¨
Join Rob Wallace live with Mitchell Askew from Blockware as they unpack the latest headlines and dive into why Tucker Carlson has Bitcoin completely wrong.
