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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
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- 06:30Data: Traders who previously went 25x long on ETH have already made an unrealized profit of $1.862 millionAccording to ChainCatcher, on-chain analyst Ai Aunt (@ai 9684xtpa) monitored that a trader who previously went long on ETH with 25x leverage has now made an unrealized profit of $1.862 million. Previous reports indicated that a user with the address 0xb9f...6d365 opened a 25x leveraged long position of 18,960.93 ETH. The position is valued at approximately $70.76 million.
- 05:56As of October 9th, Eastern Time, the total circulating supply of USDC has increased by approximately 1.3 billion compared to a week ago.According to Jinse Finance, citing official data from Circle, from October 3 to October 9 Eastern Time, Circle issued approximately 6.8 billion USDC and redeemed about 5.5 billion USDC, resulting in a net increase of around 1.3 billion USDC in circulation. As of October 9, the total USDC in circulation was about 75.5 billion, with reserves of approximately 75.6 billion US dollars.
- 05:14Vitalik expresses respect for companies or individuals who adhere to Bitcoin maximalism.Jinse Finance reported that according to a post by Ethereum co-founder Vitalik Buterin on social media platform X, he expressed respect for those who firmly uphold the Bitcoin stance. Vitalik pointed out: "Not every business should try to attract as many customers as possible under the banner of 'not pursuing extremes.' We need those who are unwavering, who deeply believe in their cause and tribe, and who see their work as an act of love for their tribe." This comment was in response to a tweet about the American fast-food chain Steak'n Shake suspending voting and stating "We stand with Bitcoin users."