Crypto Weekly: bitcoin highs, record power consumption
October 9, 2025
STORY: From bitcoin hitting an all-time high to record power consumption… This is Crypto Weekly. :: Crypto Weekly:: Bitcoin’s record highBitcoin hit a new record high as it rose just over $126,000.Institutional investors have fueled the rally since the start of the year.And it has seen pro-crypto policies under U.S. President Donald Trump.Bitcoin is also increasingly connected with global financial systems.:: NYSE and PolymarketThe owner of the New York Stock Exchange is moving into prediction markets. International Exchange said it will invest as much as $2 billion into crypto-based predictions firm PolymarketIt will use Polymarket’s event-driven data to provide sentiment indicators on relevant market topics.The two companies also aim to collaborate on future tokenization initiatives.:: Record power consumptionU.S. power consumption will hit record highs this year and next.That’s according to the country’s Energy Information Administration as it laid out in its short-term energy outlook.The demand increases come in part from data centers dedicated to AI and cryptocurrency.:: The EU’s stablecoin fearsThe European Union’s financial risk watchdog called for urgent safeguards on stablecoins only partly issued in the bloc.The EU has one of the world’s strictest regimes on crypto assets.But policymakers worry issuers originating from outside the bloc enjoy easier regulation and could import financial risk.
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