On the 17th anniversary of the Bitcoin white paper, U.S. Treasury Secretary Scott Bessent commended Bitcoin's resilience, highlighting its robust network operations. Cardano founder Charles Hoskinson described the Treasury Secretary's acknowledgment as 'extremely magical.' In related developments, Coinbase introduced cbADA lending, and Cardano announced the Ouroboros Phalanx upgrade, which promises a 30% increase in transaction speed and enhanced security. Despite these advancements, ADA is trading at $0.61, reflecting a 24.55% decline in October.