Bitcoin hits a new all-time high and how long will the U.S. government remain shut for.

You're watching Coin Desk Daily. I'm your host, Jen Sanassi.

Bitcoin extended its momentum throughout the weekend, surging to a record high above $125,000 on Sunday.

The rally followed a massive demand for U.S. spot ETFs, which collectively registered a net inflow of $3.24 billion last week.

On the back of a U.S. government shutdown and upcoming Fed interest rate decisions, Bitcoin

looks set to chalk up impressive gains during the seasonally bullish month of October.

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Just like the internet-made information global, stable coins are making money global.

And Bridge, a stripe company is powering that shift.

Speaking of political uncertainty, polymarket bets are placing their bets on how long

the U.S. government will be shut down.

Participants are giving a 73% chance that the government will be back in operation on

October 15th or later, with nearly $1.5 million in volume dedicated to that date range.

Another contract which asks for the length of the shutdown gives

a 67% chance that it goes on for 10 to 29 days and only a 29% chance that it will end up

longer than a month. Congress is reportedly in a stalemate with recent resolutions to fund and

reopen government failing to hit the required threshold. And Grayscale has introduced staking to its Ether and Solana investment products,

allowing investors to earn rewards while participating in the security of these networks.

The update applies to Grayscale's Ethereum Trust ETF, Ethereum mini-trust ETF,

and Solano Trust, which collectively manage $8.5 billion in assets.

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