The US government shutdown continues; Garden Finance user funds remain unaffected.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, mining information, project updates, technological advancements, and other industry dynamics. This article is the news segment of the weekly summary, giving you a glimpse into the major events in the blockchain industry this week.

Headlines

▌DASH Breaks $95, Reaching a New High Since May 2022

Market data shows that DASH briefly rose to a high of $96.67, a new high since May 2022, and is currently trading at $91.56. The 24-hour increase reached 50.0%, and the 7-day increase reached 102.6%. Market volatility is high; please manage your risk accordingly.

▌Garden Finance Co-founder: Approximately $11 Million Loss Due to Attack, User Funds Unaffected

Garden Finance co-founder Jaz Gulati confirmed in a post on the X platform that approximately $11 million was lost due to an attack on the solver. They are currently investigating the root cause of the incident and working with security partners to track it down. Jaz Gulati also stated that no user funds were lost, and the incident was limited to a single solver and had no impact on the protocol itself.

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

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

▌US Government Shutdown Continues, Only 3 Days Left to Tie the Longest Shutdown

Since October 1st, the current US federal government shutdown has entered its 32nd day, setting a new record for the second longest government shutdown in US history. It is only 3 days away from tying the record of 35 days. Over the past month, American society has been deeply affected by the shutdown. Paying the salaries of over one million US soldiers has become a problem, and approximately 42 million people, representing one-eighth of the US population, faced food shortages in November. However, the two parties remain deadlocked. US Vice President Vance even stated that the shutdown could continue until late November.

Policy

▌EU to Expand Regulation of Stock and Cryptocurrency Exchanges

The European Commission is developing plans to expand central regulation of key financial market infrastructure, targeting stock exchanges and crypto asset servicers. Under the 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 EU competitiveness. The relevant proposals are expected to be presented in December as part of a “market integration scheme.”

▌US House Agriculture Committee Chairman and Acting CFTC Chairperson Discuss Expanding Crypto Regulatory Authority

According to crypto journalist Eleanor Terrett, US House Agriculture Committee Chairman Glenn "GT" Thompson met with Acting CFTC Chairperson Caroline D. Pham on Thursday to discuss how the commodity regulator will prepare for expanding its cryptocurrency regulatory authority and advancing related rule-making next year—a move based on expectations of the passage of market structure-related legislation. Previously, Thompson had met last week with Senate Agriculture Committee (@SenateAg) Chairman John Boozman to discuss similar topics.

▌Sources: DOGE Has Ended Operations at the SEC

Two sources familiar with the matter said that Trump's Department of Government Efficiency (DOGE) has ended its operations at the U.S. Securities and Exchange Commission (SEC) and will withdraw from the agency this week. Originally led by billionaire Elon Musk, the department has spearheaded massive layoffs across the federal government since Trump took office in January. Reuters previously reported that at the SEC, DOGE employees primarily focused on contract cuts and then shifted to pushing for deregulation. Eliezer Mishory, who was in charge of DOGE's work at the SEC, was reportedly DOGE's sole representative at the SEC in recent months, and he has now ended his work. An SEC spokesperson said the agency could not comment due to the government shutdown.

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Blockchain Applications

▌Bank Negara Malaysia Launches Three-Year Tokenization Exploration Program

Bank Negara Malaysia announced a three-year tokenization exploration program for Real-World Assets (RWA), establishing a "Digital Asset Innovation Center" and an industry working group to solicit industry feedback on potential application scenarios such as supply chain finance and Islamic finance.

Coinbase (COIN.O) plans to acquire stablecoin infrastructure startup BVNK for $2 billion to bolster its new stablecoin business. US Treasury Secretary Bessenter stated that he discussed the adoption of dollar-denominated stablecoins with the Prime Minister of Singapore. According to Uniswap Labs, its Ethereum Layer 2 network, Unichain, will add support for DOGE, XRP, and Zcash via the Universal protocol. Previously, Unichain already introduced support for Solana; this expansion further breaks down barriers between different DeFi ecosystems. "uAssets" generated through the Universal protocol can be redeemed 1:1 back to assets on the original blockchain. Users can access these assets on the Uniswap front-end website or bridge them from the original blockchain. The European Central Bank (ECB) hopes to launch a digital euro pilot program in 2027, the bank said on Thursday. The ECB believes the project is crucial for the eurozone's financial autonomy, viewing it as a strategic alternative to US-dominated private payment methods such as credit cards and stablecoins. The ECB stated that this move 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 ECB said it is currently considering a pilot program, meaning some digital euro transactions could begin as early as mid-2027, with a full rollout two years later. Cryptocurrency

Analysis: Bitcoin Enters Best Month in History After October Decline, November Averages 42.51% Gain

According to Cointelegraph, Bitcoin has entered its best-performing month in history: since 2013, November has seen an average gain of 42.51%. However, 10xResearch analyst Markus Thielen stated that "seasonal charts are very important, but they must be analyzed in conjunction with many other factors." Looking ahead, the market anticipates further interest rate cuts from the Federal Reserve, while the US and China are working towards a trade agreement; both developments could be beneficial for Bitcoin. However, the government shutdown and US tariff policies continue to exacerbate economic uncertainty.

▌US Treasury Secretary: Bitcoin Network Has Never Shut Down in 17 Years, Senate Democrats Can Learn Something From It

US Treasury Secretary Scott Bessent posted on the X platform that 17 years after the white paper was published, the Bitcoin network is still running and more resilient than ever before. Bitcoin has never shut down, and Senate Democrats can learn something from it.

▌Vitalik Sells Free Meme Coins Again, Cashes Out 15,170 USDC

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

Tether Attestation released its financial report for the first three quarters of 2025, showing that its year-to-date net profit has exceeded $10 billion. As of September 30, 2025, Tether has over 500 million users worldwide and holds $6.8 billion in excess reserves as a financial buffer. New USDT issuance this year exceeded $17 billion, bringing the total circulating supply to over $174 billion. Tether's total exposure to US Treasury bonds (direct and indirect) reached a record high of approximately $135 billion, making it one of the world's largest holders of US government debt, ranking 17th among countries, surpassing South Korea. In addition, Tether holds $12.9 billion in gold and $9.9 billion in Bitcoin reserves, representing approximately 13% of its total reserves. The financial report shows that the company's total liabilities amounted to $174.445 billion, of which $174.357 billion was related to issued digital tokens. As of the end of the third quarter, Tether's assets exceeded its liabilities by $6.778 billion. According to PeckShield monitoring, the Radiant Capital hackers deposited 5411.8 ETH into Tornado Cash, worth approximately $20.7 million. **Important Economic Developments** ▌US M2 Money Supply Jumps to a Record High of $22.212 Trillion ▌Federal Reserve Governor Waller: The Right Policy Path is to Continue Cutting Interest Rates Federal Reserve Governor Waller stated that despite the risk of a government shutdown, the Fed will still have access to a large amount of data. Monetary policy should be guided by this data. He further pointed out that all the data indicates that the right policy path is to continue cutting interest rates.

▌All three major US stock indexes have risen for at least six consecutive months, with the Nasdaq rising for seven.

The three major US stock indexes all closed higher. The Nasdaq rose 0.61%, up 2.24% for the week and 4.7% for October; the S&P 500 rose 0.26%, up 0.71% for the week and 2.27% for October; and the Dow Jones Industrial Average rose 0.09%, up 0.75% for the week and 2.51% for October. The Nasdaq has now risen for seven consecutive months, while the Dow Jones and S&P 500 have both risen for six. Amazon surged over 9%, hitting a new all-time high; Tesla rose over 4%, and Netflix rose over 2%; Meta fell over 2%, Microsoft fell over 1%, and Intel, Apple, Nvidia, and Google saw slight declines.