KEYTAKEAWAYS
- Trump claims the government shutdown caused $1.5T in losses and demands ending the filibuster, insisting the U.S. “must never close again.”
- Vitalik Buterin signs The Trustless Manifesto, defining core rules for open, verifiable, censorship-resistant systems that avoid centralized intermediaries.
- SharpLink posts a massive Q3 rebound, boosting ETH reserves to 861,000 and launching a $1.5B buyback alongside new high-yield Linea deployments.
CONTENT
TRUMP: GOVERNMENT SHUTDOWN CAUSED $1.5 TRILLION IN LOSSES
On November 13, U.S. President Donald Trump stated that the recent government shutdown caused $1.5 trillion in economic losses. “The Democrats look terrible right now,” he said, adding that it could take weeks or even months to fully assess the overall impact.
Trump called for an end to the filibuster rule to prevent future shutdowns, thanking “the eight Democratic senators who did the right thing.” He emphasized, “The government must never close again.”
VITALIK BUTERIN SIGNS “THE TRUSTLESS MANIFESTO”
On November 13, Vitalik Buterin announced on X that he had signed *The Trustless Manifesto*, co-authored by Yoav Weiss, Vitalik Buterin, and Marissa Posner. The manifesto defines a “trustless” system as one in which any honest participant can freely join, verify, and act without permission.
It outlines six core principles: self-sovereignty, verifiability, censorship resistance, the Walkaway Test, accessibility, and transparent incentives. It also presents **Three Laws**:
1. No critical secrets (no single actor’s private info determines protocol steps);
2. No indispensable intermediaries (all participants must be replaceable and open);
3. No unverifiable outcomes (all state changes must be reproducible from public data).
The authors stress that trustless design must be embedded from the start, avoiding dependencies on intermediaries such as custodial RPCs or centralized sequencers. For Ethereum, the manifesto underscores maintaining user-driven actions, verifiability, inclusiveness, and code-based neutrality. “Trustlessness is not an add-on—it’s the foundation; efficiency and scalability without it are just fragile decoration.”
SHARPLINK’S ETH HOLDINGS RISE TO 861,000 IN Q3
On November 13, Ethereum treasury management firm SharpLink Gaming reported its Q3 2025 financials, posting a sharp turnaround with net profit of $104.3 million (EPS $0.62), compared with a net loss of $885,000 in the same period last year. Revenue surged to $108 million, up over 1,100% year-over-year.
The company now holds $3 billion in total crypto assets, including $11.1 million in cash and $26.7 million in USDC stablecoins. As of September 30, SharpLink held 817,700 ETH, which increased to 861,250 ETH by November 9.
The board also approved a $1.5 billion stock buyback plan, having already repurchased 1.938 million shares for $31.6 million. In addition, SharpLink announced plans to deploy $200 million worth of ETH on Linea, utilizing ether.fi and EigenCloud for enhanced yield strategies.
