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Getting close to two decades after the Bitcoin Whitepaper was published by Satoshi Nakamoto, how much bearing does the document have at this point?
Today marks seventeen years since Satoshi Nakamoto’s publication of the Bitcoin Whitepaper on the cryptography mailing list in 2008. Back then Bitcoin was nothing more than a proposal for a new niche technology, the latest in a long lineage of niche technologies created by the cypherpunks of the 1990s. 
Bitcoin has gone through many massive transformations since that day 17 years ago. It went from a niche internet collectible, to a decentralized network powering illegal dark net markets, to a mainstream speculative investment for retail, to Wall Street and governments all over the world’s favorite new asset class. We have all had front row seats to the first explosive global technological revolution to the internet, and it’s been a wild ride. 
On this anniversary I think it’s important to touch on a concept that is very relevant, POSIWID, or the Purpose Of A System Is What It Does. The basic idea is that when you have a complex system, it is pointless to try to define it based on what you want it to do, what really matters is what the pieces of that complex system are actually doing. That is all that matters at the end of the day. 
We have once again found ourselves in a time period where people are calling back to the whitepaper as a placeholder for some kind of founding document, or definition, or blueprint. The whitepaper is none of those things. It is simply a high level abstract explanation of a Proof-of-Work blockchain being used to implement a digital currency. It is the idea of a cart with wheels, versus the actual blueprint of the cart (the source code). 
Bitcoiners seem to periodically fixate on the whitepaper in this manner, and inevitably use that as a justification for acting antagonistic towards some use case or idea of improving Bitcoin that they disagree with. Maybe we will eventually get past this, maybe we won’t, but it is an unhealthy attitude to have towards such a potentially impactful technology such as Bitcoin. 
People didn’t recite the writings and speeches of Alexander Graham Bell when digital modems were invented to allow the first tendrils of the early internet to reach out between devices and facilitate digital signals flowing between them. They embraced it as a valuable technological innovation, and in the world today that dynamic has completely inverted itself. Most telephonic signals are now actually conveyed by communication mediums specifically constructed for digital communications. 
Telephone networks were used to bootstrap the digital medium of the modern internet in a way that Alexander Graham Bell might have had only the barest inklings of, reshaping the entire world in ways that would have been impossible to conceive for people of his generation. 
Satoshi did not give us a founding document to be shackled and constrained by when he released the whitepaper, he gave us a high level description of the software that followed. 
That is the actual gift he gave us, the software. And he gave it to us completely freely, open-source, to do with what we decide to do. 
“BitDNS users might be completely liberal about adding any large data features since relatively few domain registrars are needed, while Bitcoin users might get increasingly tyrannical about limiting the size of the chain so it’s easy for lots of users and small devices.” -Satoshi Nakamoto, 2010
This quote is always brought up in the context of the blocksize limit, or Bitcoin enabling multiple functionalities, but the thing that has always stood out the most to me is “users might get.” In the end before his disappearance, Satoshi is clearly being explicitly deferential to the wishes of users, and in the context of a critical and foundational decision like the blocksize limit. 
Bitcoin isn’t Satoshi’s anymore, it’s ours, and collectively with how we actually use our bitcoin, we decide what the purpose of the system is. It’s important to remember that. 
Established in 2012, Bitcoin Magazine is the oldest and most established source of trustworthy news, information and thought leadership on Bitcoin.
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Ohio Republican and Democratic lawmakers unanimously approved a new congressional map that would give a slight, but not overwhelming, boost to the GOP ahead of next year’s midterm elections.
At a meeting Friday morning, members of the state’s bipartisan redistricting commission approved the proposed map, which was released on Thursday as part of an unexpected deal. The map shifted two Democratic-held districts to the right and one to the left while also maintaining 10 districts that favor Republicans and two that are Democratic strongholds. Punchbowl News was first to report details of the deal.
Suzan DelBene, the chair of the Democratic Congressional Campaign Committee, said “this is not a fair map for Ohio voters,” but praised Democratic legislators for “negotiating to prevent an even more egregious gerrymander.”
“This compromise keeps us on the path to taking back the House Majority and we’ll continue to win across Ohio because voters know it’s House Democrats who are fighting for them,” DelBene said in a statement.
The new map came as a surprise to many observers. Democrats largely expected the constitutionally mandated redistricting commission to reach a stalemate, as it did in 2021. If the commission failed to settle on a new map ahead of the 2026 elections, responsibility for setting congressional boundaries would have fallen back to the Republican-controlled Legislature, which could have drawn an aggressively gerrymandered map. If that happened, Democrats had threatened to pursue a statewide referendum that could have resulted in voters blocking the map from going into effect.
The map won’t be subject to a referendum, while Democrats avoided the worst-case scenario map. In negotiations, a source familiar with the negotiations said, Republicans showed Democrats a map that had the GOP controlling 13 of the state’s 15 districts.
A voter referendum on such a map would have required Democrats to gather nearly 250,000 signatures in just 90 days, a difficult feat under any scenario, let alone during the holidays and Ohio’s winter months.
Lawmakers on the redistricting commission faced some protests at Friday’s meeting.
“Shame, shame on you all,” said members of the public who attended the meeting to offer comment. “You sold us out!”
Ohio is represented in Congress by 10 Republicans and five Democrats. Democratic Reps. Greg Landsman and Marcy Kaptur would face more competitive districts under the new map, while Rep. Emilia Sykes’ district would become slightly more Democratic.
After the bipartisan commission approved the map Friday, Kaptur and Sykes said they would run for re-election under the news district lines.
“Let the Columbus politicians make their self-serving maps and play musical chairs, I will fight on for the people and ask the voters for their support next year,” Kaptur said in a post on X.
Under the current lines, the Cook Political Report with Amy Walter rated Kaptur’s and Sykes’ seats as “toss ups” and Landman’s as “likely Democratic.”
The emergence of Ohio’s new map proposal comes amid an unusually aggressive mid-decade redistricting cycle, kicked off by President Donald Trump, who has asked Republican-led states to draw new maps in an effort to shore up the party’s narrow U.S. House majority.
Texas, Missouri and North Carolina have all drawn maps boosting Republicans, while California Democrats are asking voters to approve new district lines next week.
Virginia Democrats took the first major step this week towards modifying their redistricting commission to allow them to redraw their state’s map next year, while Indiana GOP lawmakers are expected to soon consider a redistricting effort. Other states, including Louisiana, await a Supreme Court ruling they hope could open the door to redrawing their congressional maps next year, too.
Jane C. Timm is a senior reporter for NBC News.
© 2025 NBCUniversal Media, LLC

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Mega Millions and Powerball are offering up two major treats this Halloween weekend with jackpots combining for over $1.1 billion.
Tonight’s $754 million Mega Millions jackpot ranks as the ninth largest in the history of the game. A winner would have the choice of taking home the $754 million jackpot as an annuity or $352.8 million in cash.
A winner in Saturday’s Powerball drawing would have the choice of taking home the $400 million jackpot as an annuity or $190.7 million in cash.
Even though both jackpots remain up for grabs, players are taking home lots of other prizes playing Mega Millions and Powerball. Tuesday’s Mega Millions drawing produced over 13,800 winning tickets in North Carolina. Wednesday’s Powerball drawing saw over 13,100 winning tickets.
The odds of winning a Mega Millions jackpot are 1 in 290 million. The odds of winning a Powerball jackpot are 1 in 292 million.
Players can buy Mega Millions or Powerball tickets at any lottery retail location or through Online Play on the lottery’s website, www.nclottery.com, or with the NC Lottery Official Mobile App.
For details on how lottery funds have made a difference in all of North Carolina’s 100 counties, click on the “Impact” section of the lottery’s website.
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Virginia Lottery Board approves fourth casino operator licence for Norfolk Casino  Gaming America
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1. S&P 500 and Nasdaq rise as Amazon gets traders excited about AI trade again: Live updates  CNBC
2. Stock market today: S&P 500, Nasdaq rebound as Amazon earnings revive faith in Big Tech  Yahoo Finance
3. Wall Street set for monthly gains after Amazon’s strong outlook  Reuters
4. ‘Magnificent Seven’ Drive Stocks to Historic Rally: Markets Wrap  Bloomberg.com
5. Amazon, Nvidia, Apple, Netflix, Exxon, DexCom, Coinbase, Newell Brands, and More Movers  Barron’s

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The world’s largest asset manager, BlackRock, has once again deposited Bitcoin (BC) worth $383,900,000 to Coinbase Prime. As spotted by on-chain tracking platform Lookonchain, the asset manager also moved about $122 million worth of Ethereum ETHUSD.
BlackRock’s recurring Bitcoin transfers stir concern
Notably, Coinbase Prime handles crypto assets from institutional investors, either for trading or storage. Hence, the large volume of Bitcoin that BlackRock has been depositing on Coinbase has triggered sell-off speculations.
Some market participants are wondering if the largest asset manager is aware of a development that retail traders have yet to catch on to. They assume that BlackRock is preparing to dump a sizable amount of the flagship crypto asset on the market.
BlackRock deposited 3,496 $BTC($384M) and 31,754 $ETH($122M) to #CoinbasePrime 3 hours ago.https://t.co/qmuDIrPHc6 pic.twitter.com/RkWNMTHVm4
BlackRock has not made any sell move yet, and the deposits on Coinbase Prime might be custodial or operational movement. Asset managers have been known to move Bitcoin for custody, audits or liquidity management.
Although no specific action has been taken with regards to the Bitcoin move, market participants are keenly monitoring developments. Such a large transfer by BlackRock is capable of influencing broader market sentiment.
Given the volatility of the crypto market in October, catalyzed by macroeconomic tensions, investors are cautious. The repeated deposits could trigger a potential sell pressure on BTC and cause prices to drop.
As U.Today reported, BlackRock, exactly 10 days ago, made a similar deposit of 2,854 BTC valued at approximately $314 million to the exchange. Understandably, the frequency is concerning to investors who are trying to figure out if there is a pattern to the asset manager’s moves.
Traders Brace for Liquidations as Bitcoin Eyes $112,600
Despite the concerns, Bitcoin has surged by 2.05% in the last 24 hours and exchanges hands at $110,564.53. The coin reached the $110,000 resistance after climbing from a daily low of $106,376.69 within the time frame.
However, trading volume has not enjoyed the same uptick as Bitcoin’s price. The asset’s trading volume is currently down by 17.37% at $63.91 billion.
BlackRock’s movement of a significant volume of Bitcoin several times in October alone to Coinbase Prime appears to have slowed the interest of market participants in accumulating the coin. Perhaps, they anticipate further decline in the price outlook.
Interestingly, the Bitcoin market could witness massive liquidation if the price climbs further to $112,600. Data shows that most short-position traders might suffer severe liquidation if ecosystem bulls drive prices higher.
As the volatile month of October gradually rolls out, traders are keen on seeing what November has to offer in terms of price outlook for Bitcoin.
Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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More from The Sun
Plus, expert-approved interior design advice – including the colours to avoid when painting your house
RUNNING trainers, comfy joggers and sweatshirts – some of the popular items you’d expect to find at a sports store.
But according to homeware fans, one major sports retailer is now selling furniture and other home essentials for as little as £5 – and shoppers are amazed by how stunning the finds are.
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Whether you’re on the lookout for bedding or want to spruce up your home with decorations, turns out, Sports Direct is the place to be.
The mega retailer, which has more than 500 locations across the UK, has branched out from flogging just athleisure wear and trainers – with a huge array of homeware items now also available.
Customers can pick up just about anything they need, such as cut-price cushions for £5, a sleek bathroom mirror currently on sale for £7 and bedside tables that won’t break the bank.
According to the website, Sports Direct is also running a huge sale at the moment – and it looks like it’s not one to miss.
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Thrifty shoppers can get their hands on a sofa bed slashed from an eye-watering £229.99 to just £92 – while a similar buy elsewhere will set you back more than £300.
Recently moved in and need a new dining table? The mega retailer even has a five-piece dining set that’s cut from £309.99 to a mere £47, saving you over £250.
Although the sunny season is now officially over and we won’t spend much time in the garden for a while, you can already prep for next spring and summer to keep the costs as low as possible.
The epic sale includes a huge variety of garden furniture, such as outdoor dining sets and fun cushions to give the outdoor space a pop of colour.
I spent £240 on Molly-Mae’s brand & was left looking like MC Hammer
Mum rages she can afford ‘one meal’ on food vouchers but gets slated instead
I waited 44 years to have sex on my wedding night but was left in tears
I have luxe cars & 3 Cotswold homes all thanks to zero qualifications needed job
The discovery was recently made by one running enthusiast Liv who took to TikTok, where she spilled the news.
The TikToker, who posts under the username @laceupwithliv, purchased a rattan fronted sideboard ”to see if it was actually any good” – and needless to say, she was pleasantly surprised by the gorgeous £30 buy.
”I love her,” Liv said in the video, still demanding ”answers” from the sports retailer.
The stunning sideboard has clearly left many open-mouthed, as the clip racked up close to 67k views in less than 24 hours.
One person chuckled: ”Imagine someone coming round and asking where your desk’s from oh yeah just sports direct.”
”This is so random haha but it’s so nice,” someone else chimed in.
”Someone said this to me the other day that they brought furniture from sports direct and I fully ignored them because I literally couldn’t understand what they just said,” a viewer confessed.
However, as pointed out by some TikTokers, the mega store also charges a hefty £50 delivery fee – which is something shoppers should be aware of when ordering the items.
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According to Sports Direct, the delivery can take anywhere from three to 14 days.
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Home » Finance and Wealth
Bitcoin struggled to maintain momentum Friday, hovering near $110,000 as the world’s largest cryptocurrency faced its first October decline in seven years. The digital asset added just 1.3 percent in the past 24 hours to $109,850, yet remained down 3.9 percent for the entire month despite seasonal trends typically favoring cryptocurrency gains during October.
The lackluster performance defied long-established market expectations for October strength in Bitcoin. The cryptocurrency community has historically referred to October as uptober, reflecting the seasonal pattern where digital assets tend to appreciate during the month. This year’s performance marked a sharp departure from that traditional pattern, underscoring the dominance of macro headwinds over seasonal trading dynamics.
Heightened geopolitical tensions between the United States and China emerged as a primary drag on cryptocurrency demand throughout October. The trade uncertainty contributed to a flash crash earlier in the month, wiping out Bitcoin’s previous record highs and triggering forced liquidations across leveraged trading positions. Subsequent attempts to recover above the $110,000 level have repeatedly failed, suggesting traders remain hesitant to deploy significant capital amid continued uncertainty.
Crypto markets drew a few positive signals from Thursday’s meeting between U.S. President Donald Trump and Chinese President Xi Jinping, though a concrete trade agreement between the two nations appears distant. The lack of immediate resolution on trade matters perpetuates the risk environment that has weighed on Bitcoin and broader cryptocurrencies throughout the month. Markets typically reward clarity and resolve uncertainty premiums that benefit defensive assets over speculative investments like cryptocurrencies.
The Federal Reserve’s communications earlier this week sent hawkish signals that reverberated through cryptocurrency markets. Chair Jerome Powell’s commentary indicating uncertainty about additional rate cuts in December tempered enthusiasm for risk assets. The central bank’s cautious stance, despite the recent 25 basis point rate reduction, suggested the Fed may be pivoting toward a more measured approach to monetary accommodation.
Cryptocurrency investors have typically benefited from expectations of lower interest rates, which reduce the opportunity cost of holding non-yielding digital assets. When central banks signal caution about future rate cuts or hint at longer-term monetary restraint, investor preferences shift toward higher-yielding alternatives. This dynamic contributed materially to October’s underperformance relative to seasonal expectations.
A significant decoupling emerged between Bitcoin and U.S. technology stocks during October. The Nasdaq Composite climbed over 4 percent for the month, driven largely by investor optimism surrounding artificial intelligence capabilities and strong corporate earnings. Major technology companies benefited from expectations of accelerating productivity gains and revenue expansion tied to AI infrastructure investments.
Bitcoin, historically correlated with equity market risk appetite, failed to participate meaningfully in the technology sector’s advance. The divergence suggests that investors directing capital toward technology stocks viewed cryptocurrencies as competing assets rather than complementary positions. This separation indicates that the traditional risk-on narrative may no longer apply uniformly across asset classes.
On-chain metrics and derivatives market positioning revealed that traders have adopted defensive stances regarding Bitcoin. The data indicated widespread aversion toward placing large bets despite price levels near psychological resistance. The persistence of cautious sentiment in both spot and derivatives markets suggests limited institutional appetite to accumulate positions at current levels.
Funding rates in futures markets remained muted, reflecting balanced positioning rather than aggressive long accumulation or short positioning. This equilibrium suggests traders lack conviction regarding near-term direction, with both bulls and bears maintaining measured exposure. The lack of speculative fervor typically associated with crypto rallies indicates that genuine demand remains constrained by macro concerns.
Despite Bitcoin’s tepid price performance, cryptocurrency-related equities performed better Friday. Strategy Inc, the world’s largest corporate Bitcoin holder, delivered stronger-than-expected third-quarter earnings, sending shares up approximately 6 percent. The company benefited substantially from Bitcoin’s previous record highs earlier in the quarter, adding to its sizable digital asset holdings.
Strategy Chair Michael Saylor expressed confidence in Bitcoin’s prospects, forecasting the cryptocurrency would reach $150,000 by the end of 2025. Saylor’s optimistic outlook provided a counterbalance to bearish sentiment driven by macro concerns. His conviction reflects belief that structural tailwinds supporting cryptocurrency adoption will eventually overwhelm near-term cyclical headwinds.
Cryptocurrency exchange Coinbase Global surged more than 8 percent following robust third-quarter earnings results. The company reported transaction revenue of $1.05 billion, more than doubling from $572.5 million in the year-earlier period. Net income surged to $432.6 million, or $1.50 per share, substantially exceeding analyst expectations of $1.06 per share.
Subscription and services revenue, which includes non-trading businesses, climbed 34 percent to $746.7 million during the quarter. The strong performance demonstrated that trading activity and cryptocurrency market interest remained robust despite Bitcoin’s monthly underperformance. Coinbase’s earnings suggest investor demand for cryptocurrency exposure persists, even as price appreciation has stalled.
Broader cryptocurrency prices declined more severely than Bitcoin during October. Ether, the world’s second-largest cryptocurrency, rose 2 percent to $3,853.37 but remained down 7 percent for the month. XRP fell 12.3 percent, while Solana declined 10 percent and Cardano vastly underperformed peers with a 24 percent monthly loss.
BNB emerged as an outlier, set to rise over 7 percent despite October’s challenging conditions. Dogecoin experienced a 20 percent decline for the month, while the Trump-themed memecoin rallied approximately 10.5 percent after gaining ground late in the week. The divergent performance across altcoins suggested that capital reallocation from underperforming assets to perceived value opportunities continued throughout the month.

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