I’ve been a bit quieter on trading lately. Buying a house has consumed a significant amount of my energy and time. Life sometimes pushes you to be more passive and focus on family. That means less scalping and more neutral farming. Still, I keep an eye on the charts. It’s uptober and the markets are green. Bitcoin is flirting with its August all-time high. ETH is pushing up. And of course, the rumor mill is buzzing about new stimmies from Trump. Let’s go through the latest news and what’s happening.
Trump Teases New Stimmies for US Taxpayers
The big headline today is the talk of new stimmies. President Trump has hinted at possible rebates funded by tariffs. Social media has gone wild with speculation. Some posts claim checks worth $1,390, $1,702, or even $2,000 could be sent out soon. But here’s the thing: none of this is confirmed.
The IRS has issued several warnings about scams. Fraudsters are using text messages and emails to trick people into sharing personal details. If you see a message promising fast money from stimmies, be careful.
There is a formal proposal called the American Worker Rebate Act of 2025. Senator Josh Hawley submitted it. The idea is to send checks between $600 and $2,400 to American families. As of now, though, it hasn’t passed Congress.
We’ve had three rounds of stimulus checks before. The first was $1,200 per adult. The second was $600. The third was $1,400. The deadline to claim the third expired on April 15, 2025. That means for now, if you missed one of the earlier rounds, your chances are gone.
So, are new stimmies coming? Trump has floated the idea of using tariff revenue for rebate checks. He even teased a “DOGE dividend” back in February. The idea was to redirect savings identified by Musk’s Department of Government Efficiency into $5,000 checks. Since then, no official details have been shared. At this point, it’s talk, not policy.
One thing, stimmies will pump our bags!
Inflation Relief Checks at State Level
While federal stimmies remain uncertain, some states are stepping in. New York, Pennsylvania, Georgia, and Colorado have already issued “inflation relief checks.” These are smaller than federal stimmies but help offset rising costs.
The rules vary by state. In New York, individuals earning up to $75,000 got $200. Married couples filing jointly received $400 if their income stayed under $150,000. Other states call them rebate checks, but the idea is the same: giving back to taxpayers hurt by inflation.
If you live in one of these states, check your local government’s website. Don’t rely on random posts or viral tweets. That’s how people get tricked into scams.
IRS Refunds and Status Updates
Even without new stimmies, many people are waiting on tax refunds. The IRS says electronic filers with direct deposit should see money within 21 days. Paper checks take longer, usually six to eight weeks.
It’s important to know the difference between filing and acceptance. Just because you hit submit doesn’t mean your refund is on the way. Only when you see “Refund Sent” in your IRS account can you start expecting money.
This is another area where scammers thrive. Fake refund alerts have been circulating. Always use the IRS site directly. Don’t click shady links.
Airdrop Updates: Never Miss a Stimmy
When markets pump, it’s easy to forget your farming setups. But staying updated is key. Sometimes you farm a protocol and forget about it. Then months later, you realize you missed a juicy stimmy.
Here are the latest updates worth noting:
- APEX: A new farming campaign has launched with 69 million APEX points. DEX airdrops remain the hottest trend. We will update our listing tomorrow, but you can already that the farming.
- Ethereal: Their mainnet alpha is going live on October 20. Testnet users might get rewarded, so stay tuned.
- Meteora: The team will allocate 3% of $MET to Jupiter stakers. The token generation event (TGE) is on October 23.
The lesson is clear. Airdrops are the stimmies of crypto. If you miss one, it hurts. I’ve started setting reminders just to avoid that mistake. Check out our recent list of the best DEX airdrops for 2025.
Trump Crypto Buybacks: WLFI Burns $1.4M
Another big story this week is World Liberty Financial, or WLFI. The token tied to the Trump family just burned 7.89 million WLFI, worth about $1.43 million.
The cycle is clever. They collect liquidity fees, use them to buy back WLFI from the market, then burn the tokens. This shrinks supply and is meant to support the price.
More than 99% of token holders voted to use treasury fees this way. The first execution just happened, and traders are watching closely. WLFI is trading near $0.207. Daily volume has ranged from $300M to $360M, with a market cap around $5.1B.
September was rough for WLFI, so this burn could help stabilize October. Personally, I’m still holding my presale tokens. Haven’t sold a single one yet.
Plasma Rumors Turn Out False
Plasma (XPL) has been under fire with wild rumors flying around. Some said team members dumped tokens. Others linked them to Blast and Blur. The team has now addressed it directly.
According to their statement:
- No team members have sold any XPL. All tokens are locked for three years.
- Only three out of fifty team members worked at Blur or Blast. The rest come from companies like Google, Facebook, Square, and Goldman Sachs.
- They’ve never worked with Wintermute as a market maker.
You can read the full statement on their Twitter. It’s good to see transparency, but markets don’t always listen. XPL is still dipping, and I’ve been DCAing into it. Farming pools still give me strong APRs, so I’m not too worried.
Here’s a link to the full tweet.
US Government Shutdown: What It Means
Outside crypto, the US government has shut down again. About 750,000 federal workers are on unpaid leave. Essential services like border security and air traffic control continue, but many programs are paused.
Democrats and Republicans couldn’t agree on the budget. Democrats want to extend health insurance credits and restore Medicaid cuts. Republicans want further spending reductions. Neither side gave in, so the shutdown began October 1.
The last major shutdown lasted 35 days back in 2018. It cost the US economy billions. This one might be shorter, but no one knows. Analysts say each week could cut 0.1% to 0.2% from GDP. That’s not massive, but it adds up.
Markets so far seem unfazed. Bitcoin and stocks are still green. Maybe traders have learned to shrug off US politics. Or maybe they just expect a deal soon.
My Personal Take
A lot is happening right now. Stimmies talk, airdrops, buybacks, rumors, and government drama. For me, it’s been about balancing real life and trading.
I’ve been farming liquidity pools with Plasma. Earning fees while waiting for price action feels safe. On one farm called PrjX, I’m pulling in over 500% APR. That’s the kind of passive income that makes sense when life gets busy.
At the same time, I couldn’t resist tossing in a couple of cheeky shorts on BTC and ETH. The market broke resistance, so it’s risky. But sometimes you follow a hunch. Don’t copy me though—it’s not financial advice.
And of course, I keep watching WLFI. My gut tells me it goes higher this year. We’ll see if I’m right.
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Final Words
Crypto never stops. Even when you’re busy with house purchases or family, the market keeps spinning. Whether it’s rumors of new stimmies, juicy airdrops, or governance drama, there’s always something.
The trick is staying updated without getting lost in the noise. That’s why I keep writing these updates. If you catch one stimmy, whether from Trump or an airdrop, it makes the grind worth it.
For now, I’ll keep farming, DCAing, and watching from the sidelines. Markets are green, life is good, and that’s enough.
If you enjoyed this blog, you may want to check our other crypto news updates.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
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