BF185 - Top Bitcoin News - 10/12/25

Bitcoin Fortress — Episode 185 Date: Oct 12, 2025 · Block: 918,759 · Moscow Time: 874 · Fees: 1 / 1 / 1 Links by Segment BTC near new ATH — Reuters: https://www.reuters.com/business/bitcoin-hovers-near-all-time-high-2025-10-06/ Also: Reuters (ATH print): https://www.reuters.com/world/asia-pacific/bitcoin-hits-all-time-high-above-125000-2025-10-05/ Record weekly inflows ($5.95B) — Reuters summary: https://www.reuters.com/sustainability/boards-policy-regulation/global-crypto-etfs-attract-record-595-billion-bitcoin-scales-new-highs-2025-10-07/ CoinShares coverage via The Block: https://www.theblock.co/post/373487/global-crypto-etps-record-weekly-inflows-bitcoin-all-time-high-coinshares Daily ETF flow dashboards — Farside: https://farside.co.uk/btc/ All-data table: https://farside.co.uk/bitcoin-etf-flow-all-data/ JPMorgan $165k (vol-adjusted vs. gold) — CoinDesk: https://www.coindesk.com/markets/2025/10/02/bitcoin-could-reach-usd165k-based-on-golds-record-run-jpmorgan Yahoo Finance mirror: https://sg.finance.yahoo.com/news/bitcoin-could-reach-165k-based-125100745.html Liquidations ~$19B; >1.6M traders — Economic Times: https://m.economictimes.com/markets/cryptocurrency/crypto-news/crypto-faces-historic-19-billion-slide-as-trump-slaps-100-tariffs-on-chinese-tech/articleshow/124497346.cms Bloomberg recap (1.6M traders): https://www.bloomberg.com/news/articles/2025-10-11/crypto-s-record-selloff-sparks-intrigue-over-who-got-wiped-out Yahoo Finance: https://finance.yahoo.com/news/trump-tariffs-upend-crypto-market-044855553.html One-hour wipe — Yahoo Finance: https://finance.yahoo.com/news/trump-tariffs-upend-crypto-market-044855553.html Bitwise PM post-mortem — CoinDesk: https://www.coindesk.com/markets/2025/10/12/friday-s-usd20b-crypto-market-meltdown-a-bitwise-portfolio-manager-s-postmortem-analysis “Uptober” breakout context — Reuters (near ATH): https://www.reuters.com/business/bitcoin-hovers-near-all-time-high-2025-10-06/ U.S. buys Argentine pesos — Reuters: https://www.reuters.com/world/americas/us-purchased-argentine-pesos-after-top-finance-officials-meeting-bessent-says-2025-10-09/ AP News: https://apnews.com/article/7432a188e57264f0e5f6c753ddc40879 Luxembourg sovereign fund buys BTC ETFs — CoinDesk: https://www.coindesk.com/policy/2025/10/09/luxembourg-claims-bragging-rights-as-first-eurozone-nation-to-invest-in-bitcoin Cointelegraph: https://cointelegraph.com/news/luxembourg-sovereign-wealth-fund-invests-in-bitcoin-etfs Yahoo Finance: https://finance.yahoo.com/news/luxembourg-sovereign-wealth-fund-invests-194927123.html EU digital euro roadmap & timing — Reuters (ministers roadmap): https://www.reuters.com/business/finance/eu-ministers-seek-agreement-digital-euro-be-independent-visa-mastercard-2025-09-19/ Reuters (Cipollone 2029): https://www.reuters.com/business/finance/ecbs-cipollone-eyes-2029-digital-euro-launch-2025-09-23/ ECB bank-run simulation: https://www.reuters.com/business/finance/digital-euro-could-drain-up-700-billion-euros-deposits-bank-run-ecb-says-2025-10-10/ Stablecoins vs. EM banks / USD demand — Reuters (Std Chartered $1T): https://www.reuters.com/business/finance/stablecoins-could-suck-1-trillion-em-banks-next-three-years-standard-chartered-2025-10-07/ Reuters (JPM $1.4T USD demand): https://www.reuters.com/business/global-markets-stablecoins-jpm-2025-10-08/ Banks explore G7-pegged stablecoins — Reuters: https://www.reuters.com/business/finance/major-banks-explore-issuing-stablecoins-pegged-g7-currencies-2025-10-10/ Block/Square Bitcoin for merchants — Square IR: https://investors.block.xyz/investor-news/news-details/2025/Square-Brings-Bitcoin-to-Main-Street-With-First-Integrated-Payments-and-Wallet-Solution-for-Local-Businesses/default.aspx Cointelegraph: https://cointelegraph.com/news/square-bitcoin-payments-merchants-crypto Brave New Coin: https://bravenewcoin.com/insights/square-brings-bitcoin-payments-to-4-million-u-s-merchants ETF tracking tools — Farside all-data: https://farside.co.uk/bitcoin-etf-flow-all-data/ Bitbo flows (alt view): https://bitbo.io/treasuries/etf-flows/ Difficulty at records — CoinWarz: https://www.coinwarz.com/mining/bitcoin/difficulty-chart Weekly note: https://ff.io/blog/news/weekly-2025-10-04 Mining margins & pivots — Cointelegraph explainer (current state): https://cointelegraph.com/explained/bitcoin-mining-in-2025 Non-BTC ETF filings — The Block: https://www.theblock.co/post/373487/global-crypto-etps-record-weekly-inflows-bitcoin-all-time-high-coinshares (filings context) 19–30) Macro & structure color — see 2–7 and 11–15 above for sources that underpin the week’s regime (flows, tariffs, liquidations, EU policy). 31–34) Highlighted again  — U.S.–Argentina pesos: Reuters/AP (see #9) — Luxembourg BTC ETFs: CoinDesk/Cointelegraph/Yahoo (see #10) — JPM $165k: CoinDesk/Yahoo (see #4) — Block/Square rollout: Square IR + CT/BNC (see #14) Featured Substack Post “The Austrian School of Economics - A History that Speaks to Bitcoiners” — https://open.substack.com/pub/bitcoinfortress/p/the-austrian-school-of-economics Books Bitcoin Fortress: A Simple Guide to Bitcoin for Beginners Bitcoin Retirement and Estate Planning The Bitcoin Lifestyle Follow me on Nostr: npub122fpu8lwu2eu2zfmrymcfed9tfgeray5quj78jm6zavj78phnqdsu3v4h5