Hey, everyone, you're watching Coin Desk Daily. I'm your host, Jen Sanasi.

The crypto market is in a sea of red as the probability of a U.S. government shutdown increases.

Odds of the government shutdown hit record highs on Polly Market with better is pricing the yes

shares at 76 cents.

According to media reports, the White House is preparing for large-scale job cuts in the event of a shutdown.

The Office of Management and Budget issued a memo asking agencies to prepare plans for staff reductions and furloughs if a spending bill is not passed next week.

Ether fell over 4%. Sliding next week. Ether fell over 4% sliding next week. Ether fell over 4% sliding below $4,000 for the first time since August 8. Is Sam Bankman freed back? The former FTC founder wrote

GM on X and the social media post led to a 24% surge in the FTT token despite his incarceration. The FTT token's activity increased significantly with trading volumes and active addresses rising sharply afterwards. The post comes as the FTX estate continues to work to repay creditors. The FtX Recovery Trust is set to release $1.6 billion to creditors at the end of this month, marking the third

major payout since the crypto exchanges implosion nearly three years ago.

Thank you. And nine major European banks have joined forces to launch a euro-denominated stable coin regulated under the Mika license.

The Stablecoin Consortium has formed a new company in the Netherlands, aiming to be licensed and supervised by the Dutch Central Bank as an e-money institution. The meca-regulated

stable coin is expected to be first issued in the second half of 2026. That's a wrap for CoinDesk Daily.

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