Happy Friday, In A Nutshell this week:

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🚀⏰ Today’s news should be a ~4.50-minute read (722 words).

🧠 Quote Of The Week

“The stock market is a device for transferring money from the impatient to the patient.”

— Warren Buffett

Wall Street’s latest 13F filings show big money added Bitcoin exposure over the summer, even as retail sentiment soured.

State Street, Jane Street, Citi and Amundi added exposure too. These are 30 September snapshots, and some may be hedging or client business.

Square has finished switching on Bitcoin payments for its eligible US merchants, completing a rollout that began in March.

Customers can pay over Lightning with Bitcoin (or dollars when using Cash App). Sellers receive dollars by default, or can keep the Bitcoin. Merchants can also sweep up to 50% of daily card sales into Bitcoin if they wish.

Square’s network spans more than 4 million businesses, though not all qualify.

MSCI is removing Strategy from its USA Index after the close on 30 November, so funds that track it must sell.

A new screen flags firms as “non-operating” when operating assets fall below half their balance sheet. It never mentions Bitcoin, but Metaplanet and Upexi were cut too.

JPMorgan estimated last year that an exclusion could force about $2.8 billion of selling. Strategy, holding 850,364 Bitcoin, says deletion would have “no meaningful impact” on its business.

Miami-Dade County has begun accepting Bitcoin for property tax bills, online and in person.

Tax Collector Dariel Fernandez said government “must keep up with the times”. Every payment converts to dollars before it reaches the county, so the public purse carries no price risk. Colorado and Utah already accept crypto for state taxes.

It is voluntary, and lands mid-season. Owners who pay by 30 November still bank a 4% early discount.

US regulators have given Coinbase final approval for a national trust charter, bringing its custody business under one federal rulebook.

The OCC signed off on 6 November, seven months after conditional approval in April. Coinbase says it will not take retail deposits or lend them out.

Its custody arm previously ran under New York rules. Circle and Ripple won similar charters earlier this year. Not everyone is cheering: community bankers are suing the OCC to block crypto charters.

The Bitcoin Business Network spent two days exhibiting at The Business Show at London’s ExCeL, billed as the world’s largest business event.

The stand was busy from start to finish, with people coming to us genuinely curious about what we’re building. Hardly anyone asked about price. Plenty wanted to buy Bitcoin but hadn’t got round to it, stuck on which app, the FCA questionnaires and where to hold it.

Online, it’s doom and gloom. On the show floor, business owners were ready to start.

1. Binance has fully covered every asset hit in its $6 billion hack

2. Nvidia has shed $1.57 trillion since its peak, more than Bitcoin’s entire market cap

3. Texas lawmaker files a bill letting cities invest up to $10 million in Bitcoin

4. Scottish criminal who plotted a £2 million crypto raid from his prison cell has been jailed for eight years

5. US DOJ moves to seize $1.2 billion of the crypto North Korea stole from Binance

6. Bitcoin Core discloses three patched flaws, including a high-severity mining bug

7. Elizabeth Warren plans a prediction market crackdown

8. LNbits pushes an urgent security update after weekend attacks drained funds

9. Poland’s parliament votes to let officials freeze bitcoin before court review

10. Whales are moving from self-custody to Bitcoin ETFs?

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