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Bitcoin only needs a 15% move upward to liquidate $17B in shorts, setting the stage for a potential explosive short squeeze.$17 Billion in Shorts at Risk as BTC Nears Critical LevelWhy the Market Is Watching CloselyIs a Short Squeeze Imminent?

Steak 'n Shake cuts 50% in fees by accepting Bitcoin globally. A major step forward in crypto adoption!Bitcoin Cuts Fees for Steak ‘n ShakeWhy This Matters for CryptoWhat’s Next?

SEC Chair Paul Atkins says the U.S. is 10 years behind in crypto regulation, calling it the agency’s top priority moving forward.SEC Chair: Catching Up on Crypto Is ‘Job One’Regulatory Delay Costs the U.S. LeadershipWhat This Could Mean for the Industry
- 08:32Japan Financial Services Agency considers lifting ban on banks' virtual currency investmentsForesight News reported, citing CoinPost, that the Financial Services Agency of Japan has begun studying institutional reforms, aiming to allow banks to hold bitcoin and other crypto assets for investment purposes, while also considering permitting banking groups to register as virtual currency exchanges.
- 08:32Coreon, a presale project on Four.Meme, has raised over $20 million with more than 40,000 participants.Foresight News reported that the AI + Intent track project Coreon has raised over 20 million USD in its presale on Four.Meme, with more than 40,000 participants. The total supply of COM tokens is 1 billion, with 50 million tokens available in this presale. The minimum purchase amount is 50 USD1, and the maximum is 500 USD1. The event will end at 17:00 on October 19 (UTC+8). Coreon is built on its independently developed MCP protocol (Multi-Chain Cognitive Protocol), enabling market data retrieval, token analysis, and readable report generation across CLI, bots, and APIs through natural language.
- 08:17Japan's Financial Services Agency plans to allow banks to acquire and hold cryptocurrencies for investment purposesJinse Finance reported that the Financial Services Agency (FSA) of Japan is preparing to review relevant regulations and may allow banks to acquire and hold cryptocurrencies such as bitcoin for investment purposes. This would mark a significant policy shift, as the current regulatory guidelines, revised in 2020, effectively prohibit banks from holding cryptocurrencies due to volatility risks. The FSA plans to discuss this reform at a Financial Services Committee meeting, aiming to align crypto asset management with traditional financial products such as stocks and government bonds. At the same time, it will explore frameworks for managing crypto-related risks. If approved, capital and risk management requirements may be proposed before banks are permitted to hold digital assets. In addition, the FSA is also considering allowing banking groups to register as licensed "cryptocurrency exchange operators" to provide trading and custody services. Japan's crypto market is growing rapidly, and in early September, the FSA sought to shift crypto regulation from the Payment Services Act to the Financial Instruments and Exchange Act to strengthen investor protection. Meanwhile, Japan's three major banks have jointly issued a yen-pegged stablecoin, and the Securities and Exchange Surveillance Commission plans to introduce new regulations to prohibit and penalize crypto insider trading.