Here’s the latest crypto news as the weekend is showing us a mix of politics, price action, and institutional partnerships. The big three stories are that Washington won’t pass a budget until late next week, Binance broke ATHs, and
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has a new partnership with Google.
The upshot is:
- Govt shutdown good
- Bad job numbers, good
Yesterday, CNBC said that the government shutdown will likely increase the chances of another rate cut. Public jobs and other gov’t services getting shut down is bullish for fiscal deficit, but it will bite in the ass once they return to ((((normal)))). Here’s the top 3 stories:
1. Latest Crypto News: Will the US Government Shutdown Derail Crypto Momentum?
The US government shutdown has entered its third day, and prediction markets are bracing for a long battle. Data from Polymarket shows:
- 43% of traders expect the shutdown to last beyond October 15.
- 35% believe it will end between October 10–14.
- Only 20% expect a quick resolution by October 9.
“The numbers show how little confidence there is in Washington right now,” one Polymarket trader said.
There will be NO jobs report tomorrow.
2 weeks after the Fed cut rates due to a weak labor market, jobs data has been indefinitely suspended.
Until the government shutdown ends, there will be no BLS labor data.
We're 26 days from the next Fed meeting with tomorrow's suspended…
— The Kobeissi Letter (@KobeissiLetter) October 3, 2025
The latest fight in Washington comes down to healthcare subsidies and spending. Republicans are accusing Democrats of padding benefits for undocumented immigrants; Democrats say they’re defending core programs. Federal workers are already missing paychecks.
Do I still pay tariffs during a government shutdown? These are the real questions.
The crypto angle is regulatory: with the SEC and CFTC stalled, approvals like Bitcoin ETFs risk being pushed back.
DISCOVER: 20+ Next Crypto to Explode in 2025
BNB Blows Past $1,100 and Sets New Records. Can it Hit $2k Before 2026?
BNB, the native token of Binance’s BNB Chain, has hit a new all-time high of $1,111.90, rising more than +7% in 24 hours and +17% for the week, according to CoinGecko data.
Standard Chartered projects the token could peak near $1,275 by 2025, moving in tandem with Bitcoin’s broader rally. BNB Chain’s on-chain activity is also surging:
BNB developers are also rolling out upgrades, including a new minimum gas fee of 0.05 gwei to cut costs and a roadmap for scaling to 20,000 TPS with 150-millisecond confirmations by 2026.
DISCOVER: Top 20 Crypto to Buy in 2025
Cardano Gets a Credibility Boost from Google Cloud
I don’t know anyone who has ever done a single transaction on Cardano. I haven’t seen it mentioned once on my X feed, and I follow about a thousand accounts from founders and devs to traders and shitposters.
I can’t name a single dApp, token, wallet, website, organization, or project that has to do with Cardano. So, how does it have such a high market cap?
All jokes aside – these are jokes, ADA fam. Don’t skewer me! – There are partnerships and the triumph of hope over reality for ADA.
Google Cloud has begun staking ADA on the Cardano blockchain, marking a rare institutional boost for the network.
Rewards for retail stakers remain the same, but institutional validators strengthen decentralization and signal legitimacy. With Google already running nodes for Tezos and other blockchain networks, its involvement lends Cardano further institutional credibility. That’s it for the weekend.
EXPLORE: Government Shutdown Causes Crypto ETF Delay at SEC
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Key Takeaways
- Here’s the latest crypto news as the weekend is showing us a mix of politics, price action, and institutional partnerships.
- Yesterday CNBC said that the government shutdown will likely increase the chances of another rate cut.
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