The US government shutdown continues, but Garden Finance users' funds are unaffected.

The Golden Weekly is a weekly summary column of the blockchain industry launched by Golden Finance, covering key news of the week, mining information, project updates, technological progress, and other industry dynamics. This article is one of the news weeklies, bringing you an overview of the major events in the blockchain industry this week.

Headline

▌DASH breaks through 95 USD, reaching a new high since May 2022

The market shows that DASH briefly rose to a high of $96.67, marking a new high since May 2022, currently reported at $91.56, with a 24-hour increase of 50.0% and a 7-day increase of 102.6%. The market is highly volatile, please ensure proper risk control.

▌Garden Finance co-founder: Approximately $11 million lost due to attack, user funds unaffected

Jaz Gulati, co-founder of Garden Finance, confirmed in a post on platform X that approximately $11 million was lost due to an attack on the solver, and that an investigation into the root of the incident is currently underway in collaboration with security partners. Jaz Gulati also stated that there were no losses to user funds, and this incident was limited to a single solver, with no impact on the protocol itself.

▌Data: In Q3 2025, the 18-25 age group is the largest cryptocurrency investment group in India

Kashif Raza, the founder of Bitinning, posted on the X platform that in the third quarter of 2025, Generation Z (ages 18-25) will become the main force in cryptocurrency investment in India. The age group of 18-25 has now become the largest cryptocurrency investment group in India. Delhi, Mumbai, and Bangalore remain at the top of the investment activity rankings. Ahmedabad has entered the top ten for the first time in terms of investment activity; Mumbai and Hyderabad: Prefer stable large-cap cryptocurrencies; Batna: More inclined to invest in mid-cap cryptocurrencies; Jaipur: The investment proportion in small-cap cryptocurrencies is higher.

▌MetaMask: The rewards point program and the future TGE are two different things, but they will be interconnected

MetaMask clarified in a post that the MetaMask rewards program and the future MetaMask TGE are two different things. The rewards points program is a loyalty program that offers tangible rewards based on user actions, with the first season rewards including LINEA tokens worth over $30 million. This $30 million is calculated based on the price of the tokens launched during the MetaMask Rewards era, and there is room for adjustment if the price fluctuates. In addition, all $LINEA rewards obtained and held through MetaMask Rewards Season 1 will count towards future rewards. At the same time, the reward points program will be linked to the TGE. The TGE will recognize those who have helped shape the MetaMask ecosystem, including those veterans who have remained committed or rejoined this journey.

▌The U.S. government “shutdown” continues, with 3 days left to match the longest record

Since October 1st, the current “shutdown” of the U.S. federal government has entered its 32nd day, setting a record for the second longest government “shutdown” in U.S. history, just 3 days short of matching the longest previous shutdown of 35 days. Over the past month, American society has been greatly affected by the “shutdown,” with the payment of salaries for over a million U.S. military personnel becoming a challenge, and approximately 42 million, or 1/8 of the U.S. population, facing difficulties in obtaining food in November. However, both parties continue to be at an impasse. U.S. Vice President Vance even stated that the “shutdown” could potentially last until late November.

Policy

▌The EU will expand regulation on stock and cryptocurrency exchanges

The European Commission is drafting plans to expand central oversight of critical financial market infrastructure, targeting stock exchanges and crypto asset service providers. Under this plan, the powers of the European Securities and Markets Authority (Esma) will be expanded to cover “the most important cross-border entities.” This move is part of the EU's “Capital Markets Union” initiative, aimed at eliminating regulatory fragmentation and enhancing the EU's competitiveness. The relevant proposals are expected to be presented in December as part of the “Market Integration Package.”

▌Chairman of the House Agriculture Committee Consults with CFTC Acting Chairman to Expand Cryptocurrency Regulatory Authority

According to crypto journalist Eleanor Terrett, House Agriculture Committee Chairman Glenn “GT” Thompson met with Commodity Futures Trading Commission (CFTC) Acting Chair Caroline D. Pham on Thursday, with discussions centered around how the regulatory agency will prepare to expand its cryptocurrency regulatory authority and advance related rule-making for next year—this move is based on the expectation that legislation related to market structure will be passed. Previously, Pham had met with Senate Agriculture Committee Chairman Senator John Boozman on similar topics last week.

▌Insider: The U.S. Efficiency Department has concluded its work at the SEC

Two informed sources have stated that Trump's Department of Government Efficiency (DOGE) has concluded its work at the Securities and Exchange Commission (SEC) and will withdraw from the agency this week. The department was initially led by billionaire Musk, and since Trump took office in January, the organization has dominated large-scale layoffs across the federal government. Reuters previously reported that at the SEC, DOGE employees primarily focused on cutting contracts and then shifted to pushing for deregulation. It is reported that Eliezer Mishory, who was responsible for DOGE's work at the SEC, has been the sole representative for DOGE at the SEC in recent months, and he has concluded his work. An SEC spokesperson stated that the agency was unable to comment due to the government shutdown. (金十)

▌The T3 Financial Crime Unit has frozen over $300 million in crypto crime assets

The T3 Financial Crimes Unit, jointly established by Tether, TRON, and TRM Labs, ( T3 FCU ), has successfully frozen over $300 million in cryptocurrency crime assets. Since its establishment in September 2024, the unit has supported law enforcement operations in 23 jurisdictions worldwide, focusing on crimes such as money laundering, investment fraud, and terrorist financing. Recently, T3 FCU received formal recognition for assisting the Brazilian Federal Police in “Operation Lusocoin,” which froze approximately 3 billion Brazilian Reais in assets, including 4.3 million USDT. To further enhance international cooperation, T3 FCU launched the T3+ Global Partnership Program in August 2025, with Binance becoming the first official member.

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Blockchain Application

▌Bank Negara Malaysia Launches Three-Year Tokenization Exploration Plan

Bank Negara Malaysia announced a three-year exploration plan for the tokenization of real-world assets (RWA), establishing a “Digital Asset Innovation Center” and an industry working group to solicit feedback from the industry on potential application scenarios such as supply chain finance and Islamic finance.

▌Coinbase plans to acquire stablecoin infrastructure startup BVNK for $2 billion

Coinbase(COIN.O) plans to acquire stablecoin infrastructure startup BVNK for $2 billion to drive its new stablecoin business.

▌Besent: Discussing the adoption of USD stablecoins with the Prime Minister of Singapore

U.S. Treasury Secretary Basant stated that he discussed the adoption of U.S. dollar stablecoins with the Prime Minister of Singapore.

▌Unichain expands non-EVM asset support, introducing DOGE, XRP, and Zcash

According to Uniswap Labs, the Ethereum Layer 2 network Unichain it launched will add support for DOGE, XRP, and Zcash through the Universal protocol. Previously, Unichain had already introduced support for Solana, and this expansion further breaks down the barriers between different DeFi ecosystems. The “uAssets” generated through the Universal protocol can be exchanged back to the original chain assets on a 1:1 basis, and users can access it through the Uniswap frontend website or bridge assets from the original chain.

▌The European Central Bank hopes to launch a digital euro pilot in 2027.

The European Central Bank stated on Thursday that it could launch its digital currency pilot project in 2027 if it receives timely approval from legislators. The European Central Bank believes that the project is crucial for the financial autonomy of the eurozone. It views it as a strategic alternative to U.S.-dominated private payment methods like credit cards and stablecoins. The European Central Bank stated that this initiative is increasingly important in an era of heightened geopolitical tensions, as financial autonomy and resilience are seen as key to maintaining European economic sovereignty. After four years of research and preparation, the European Central Bank indicated that it is currently considering a pilot project, which means that some digital euro transactions could take place as early as mid-2027, with a full rollout two years later.

Cryptocurrency

▌Analysis: Bitcoin's October decline leads to the best month in history, with an average increase of 42.51% in November

According to Cointelegraph, Bitcoin has entered its historically largest monthly increase: since 2013, the average increase in November has reached 42.51%. However, 10xResearch analyst Markus Thielen stated that “seasonal charts are very important, but must be analyzed in conjunction with many other factors.” Looking ahead, the market expects the Federal Reserve to further cut interest rates, while China and the U.S. are working to reach a trade agreement; both developments could be beneficial for Bitcoin. However, government shutdowns and U.S. tariff policies continue to exacerbate economic uncertainty.

▌U.S. Treasury Secretary: The Bitcoin network has been running for 17 years without shutting down, Senate Democrats could learn something from this

U.S. Treasury Secretary Scott Bessent posted on platform X that 17 years after the release of the white paper, the Bitcoin network is still running and more resilient than ever. Bitcoin has never shut down, and Senate Democrats could learn a thing or two from it.

▌Vitalik sold Meme coins obtained for free again, cashing out 15,170 USDC

According to Lookonchain monitoring, Vitalik has once again sold the Meme coins he received for free, cashing out 15,170 USDC.

▌Tether's net profit has exceeded 10 billion USD year-to-date

Tether Attestatio released its financial report for the first three quarters of 2025, showing that as of the end of the third quarter of 2025, the company's net profit has exceeded $10 billion year-to-date. As of September 30, 2025, Tether's global user base has surpassed 500 million, with $6.8 billion in excess reserves as a financial buffer. This year, the new issuance of USDT has exceeded $17 billion, and the total circulation of USDT has surpassed $174 billion. Tether's total exposure to U.S. Treasury bonds, both direct and indirect, ( has reached a historical high of approximately $135 billion, making it one of the largest holders of U.S. government debt globally, ranked 17th in the country, surpassing South Korea. In addition, Tether holds gold and Bitcoin reserves of $12.9 billion and $9.9 billion, accounting for about 13% of the total reserves. The financial report shows that the company's total liabilities amount to $174.445 billion, of which $174.357 billion is related to the issued digital tokens. As of the end of the third quarter, Tether's asset value exceeds its liabilities by $6.778 billion.

▌Radiant Capital hacker deposited 5411.8 Ether into Tornado Cash

According to monitoring by PeckShield, the hacker from Radiant Capital deposited 5,411.8 Ethereum into Tornado Cash, worth about 20.7 million USD.

Important Economic Dynamics

▌The M2 money supply in the United States surged to a historic high of $22.212 trillion

The M2 money supply in the United States has surged to a historic high of $22.212 trillion.

▌Federal Reserve Governor Waller: The correct policy path currently is to continue advancing interest rate cuts

Federal Reserve Governor Waller stated that despite the risk of a government shutdown, the Federal Reserve will still receive a large amount of data. Monetary policy should be advanced based on the guidance of the data. He further pointed out that all data indicate that the correct policy path at present is to continue to proceed with interest rate cuts.

▌The three major US stock indexes have at least 6 consecutive monthly gains, with the Nasdaq gaining for 7 consecutive months

The three major U.S. stock indexes all closed higher, with the Nasdaq up 0.61%, gaining a total of 2.24% this week and 4.7% in October; the S&P 500 rose 0.26%, with a weekly gain of 0.71% and a monthly increase of 2.27% in October; the Dow Jones increased by 0.09%, gaining 0.75% this week and 2.51% in October. Among them, the Nasdaq has seen a seven-week increase, while the Dow and S&P 500 have had six consecutive weeks of gains. Amazon surged over 9%, hitting a record high; Tesla rose over 4%, and Netflix increased by more than 2%; Meta fell over 2%, Microsoft dropped more than 1%, and Intel, Apple, and Nvidia experienced slight declines, while Google saw a small drop.

▌Federal Reserve's Schmid opposes interest rate cuts, emphasizes inflation risks

Kansas City Federal Reserve President Schmid stated that he voted against the Federal Reserve's decision to cut interest rates this week due to concerns that economic growth and investment would put upward pressure on inflation. Schmid said, “In my judgment, the labor market is generally balanced, the economy shows sustained momentum, and inflation remains too high.” Earlier this month, the U.S. Department of Labor reported that consumer prices rose 3% over the past year ending in September, and inflation has been above the Federal Reserve's 2% target for more than four consecutive years. Schmid reiterated that businesses in his region are concerned about ongoing cost increases and that monetary policy should maintain a certain restraint on demand growth. Schmid said, “I believe that lowering interest rates by 25 basis points will not have much effect on alleviating labor market pressures, which are more likely to stem from technological and demographic changes. However, if the market questions the Federal Reserve's commitment to the 2% inflation target, a rate cut could have a more lasting impact on inflation.” He also indicated that current monetary policy is only moderately restrictive, and financial market conditions remain accommodative. This is the first time Schmid has voiced dissent as a Federal Reserve official. ) Jin Shi (

▌S&P 500 index futures and Nasdaq 100 index futures rise to intraday highs

S&P 500 index futures and Nasdaq 100 index futures rose to intraday highs.