Bitcoin Fortress — Episode 185Date: 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-jpmorganYahoo 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.cmsBloomberg recap (1.6M traders): https://www.bloomberg.com/news/articles/2025-10-11/crypto-s-record-selloff-sparks-intrigue-over-who-got-wiped-outYahoo 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-bitcoinCointelegraph: https://cointelegraph.com/news/luxembourg-sovereign-wealth-fund-invests-in-bitcoin-etfsYahoo 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.aspxCointelegraph: https://cointelegraph.com/news/square-bitcoin-payments-merchants-cryptoBrave New Coin: https://bravenewcoin.com/insights/square-brings-bitcoin-payments-to-4-million-u-s-merchants ETF tracking tools — Farside all-data: h