According to the source, several market-moving claims were posted this week, but we cannot cite or rely on competing crypto media. Please provide primary or official sources for each item so we can deliver a verified, trading-grade brief: (1) Morgan Stanley research or investor communication recommending up to a 4% allocation to BTC (source: Morgan Stanley Research/Wealth Management or Investor Relations); (2) Stripe’s federal charter application to issue a stablecoin (source: OCC/FDIC/FRB public dockets or Stripe newsroom/press release); (3) exchange BTC balance lows since 2019 (source: on-chain analytics providers such as Glassnode or CryptoQuant); (4) a BTC all-time high of $125,000 (source: trade print or consolidated price from major spot venues like Coinbase, Binance, Kraken, or CME futures data); and (5) an official U.S. government shutdown with SEC operations impact (source: U.S. OMB announcements and SEC.gov operational updates). With these citations, we will quantify price levels, flow dynamics, risk scenarios, and allocation implications for BTC and stablecoins.

According to @EleanorTerrett, the U.S. government shutdown is limiting SEC operations and delaying routine approvals and filings, effectively putting crypto ETF approvals on hold, source: @EleanorTerrett. For traders, this means SEC-driven decision timelines and new ETF product launches are delayed until operations normalize, so calendars tied to SEC dockets and statutory decision dates may need adjustment, source: @EleanorTerrett. She also reports that @rstormsf has moved to dismiss his conviction, highlighted among this week’s top developments in her report, source: @EleanorTerrett.

According to the source, the U.S. Securities and Exchange Commission states in its Operations Plan Under a Lapse in Appropriations that during a government shutdown it will suspend most normal operations, including the review and approval of registrations, applications, and exchange rule filings (SEC.gov). The SEC plan further notes that while systems like EDGAR can continue to accept submissions, staff reviews and actions on pending matters are largely paused, implying decisions on crypto-related exchange-traded products will not be issued until funding is restored (SEC.gov). Historically, shutdowns delay federal agency actions on pending approvals, reinforcing the expectation of slippage in altcoin ETF timelines during a lapse in appropriations (Congressional Research Service, crsreports.congress.gov).