Bitcoin set for first October loss since 2018, ending 7-year streak

Author: Investing.com

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Crypto IPO Boom Fades: Only Circle and Galaxy Digital Show Profits, as eToro Drops 40%

Investor excitement around cryptocurrency IPOs in 2025 has faced some harsh market realities. Despite a wave of public listings from major crypto firms, only Circle Internet Financial and Galaxy Digital have delivered gains since their initial public offerings, according to Protos.com data.

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Other entries, such as eToro, Bullish, and Gemini, have seen their stock prices fall significantly, challenging the early optimism surrounding these offerings.

Rare Gains in a Crowded IPO Market

The surge of cryptocurrency companies going public this year has not guaranteed profits. Circle Internet Financial (NYSE: CRCL) and Galaxy Digital (NASDAQ: GLXY) remain the exceptions, each climbing roughly 63% since their Nasdaq debuts.

These two companies have illustrated that sustainable gains in this sector require more than initial hype. Galaxy Digital's U.S. debut took the form of a secondary offering rather than a classical IPO.

This move followed years of trading on the Toronto Stock Exchange, now signaling the company’s full integration into American public markets. Circle, meanwhile, briefly soared to nearly three times its initial price before settling to current levels.

Struggles for Other Crypto Listings

Other prominent crypto listings have faced steep declines. eToro (NASDAQ: ETOR), which offers crypto products but isn’t solely a crypto company, saw the largest plunge, losing over 40% of its value since its IPO.

Read more: eToro Shares Drop Widens to 40% Since May IPO

Gemini (NASDAQ: GEMI) and Bullish (NYSE: BLSH) have also suffered, each dropping more than 20%. Bullish recorded the mildest decrease among the three underperformers. This modest return highlights the mixed nature of this year’s crypto IPO market and underscores the importance of making selective investments.

The current climate signals a need for investor caution and deeper analysis before investing in new cryptocurrency offerings, as the market sorts out winners from losers.

Even as numbers show a declining enthusiasm, OpenAI, the developer of ChatGPT, is considering an IPO that could value the company at up to a staggering $1 trillion. Reuters reported that OpenAI may file for regulatory approval as early as late 2026, although the exact timeline has not been finalized. Executives and advisers have discussed raising at least $60 billion through the offering.

This article was written by Jared Kirui at www.financemagnates.com.

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Bitcoin Is About To Go PARABOLIC

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What links the Trump crypto empire and a Lancashire-based flooring company?

Surprisingly, something

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UK's FCA Requires “Cooling-Off Periods” and Risk Warnings as Crypto ETNs Resume

Retail access to crypto exchange-traded notes has returned to the UK after the Financial Conduct Authority lifted its ban on the products, marking a significant shift in the country’s approach to digital asset investing.

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The move introduces new distribution opportunities for firms but comes with tighter restrictions aimed at reducing investor harm. Crypto ETNs (cETNs) can now be offered to retail investors when listed on the FCA’s Official List and traded on a UK-recognized investment Exchange.

Restricted Mass Investments

The regulator had reportedly assessed prospectuses in anticipation of the 8 October policy change to allow a faster rollout of new products. cETNs now fall under the category of Restricted Mass Market Investments, which means financial promotion rules apply.

Firms must avoid investment incentives, run clear appropriateness tests, categorize clients correctly, apply cooling-off periods, and display strong risk warnings. The Consumer Duty also applies, and firms must show they act in good faith, avoid foreseeable harm, and support customers’ financial goals.

The Financial Conduct Authority lifted the ban on retail access to cETNs this month. According to the regulator, retail investors can now access the products only if they are listed on FCA-recognized UK investment exchanges.

The FCA expects firms to define a clear target market, ensure the design of the product matches the needs of that audience, and take steps to prevent mis-distribution. Fair value assessments will reportedly form part of the oversight.

Read more: FCA to Allow Retail Investors to Gain Access to Crypto ETNs Starting October

Another key obligation is ensuring investors receive timely and understandable information. Firms must show that their products and communications enable informed decision-making.

Preparing to Enter the Market

Firms that need authorization or permissions to offer cETNs can request a pre-application meeting through the regulator’s support service. The FCA is also moving ahead with wider crypto regulation.

It recently published a consultation on how its Handbook should apply to regulated crypto asset activities and shared its longer-term crypto regulatory roadmap outlining plans to bring crypto assets into the supervised perimeter.

The re-entry of crypto ETNs into the retail space marks a significant step in the UK’s evolving approach to digital assets. For firms, it may be an opportunity, but only if they can meet the FCA’s heightened consumer protection expectations.

This article was written by Jared Kirui at www.financemagnates.com.

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EOS Falls 10% In Selloff

Author: Investing.com

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Presale Crypto Investments: A Beginner's Guide to Success - Digital Journal

Presale Crypto Investments: A Beginner's Guide to Success  Digital Journal

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You Need To Prepare RIGHT NOW For Bitcoin's Bear Market

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Qualigen partners with BitGo for $30 million crypto treasury allocation

Author: Investing.com

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Has Bitcoin Topped?

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EOS Falls 10% In Rout

Author: Investing.com

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21Shares files for Injective ETF, second such product in development

Author: Investing.com

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The Psychology of Crypto Markets: Tips and Strategies for Managing Risk - Crypto Economy

The Psychology of Crypto Markets: Tips and Strategies for Managing Risk  Crypto Economy

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Chinese tech giants pause stablecoin plans after Beijing steps in

Regulators raise concerns about the rise of privately controlled currencies

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Remittix Tips SUI & Chainlink As The Best Crypto To Buy Now In Q4 - Crypto Economy

Remittix Tips SUI & Chainlink As The Best Crypto To Buy Now In Q4  Crypto Economy

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Crypto AI Could Make MILLIONAIRES

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PayPal stablecoin issuer Paxos mints $300 trillion by mistake

Author: Investing.com

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Don’t Get REKT In The Next Mass Liquidation

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They're Going To Do This AGAIN (CRASH?)

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Litecoin Climbs 10% In a Green Day

Author: Investing.com

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Behold the trash crash

Pray for Dogecoin

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Bitcoin Falls 13% In Selloff

Author: Investing.com

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Ripple Partners with Bahrain Fintech Bay to Develop Blockchain and Payment Solutions

Ripple has entered into a partnership with Bahrain Fintech Bay to support the growth of blockchain and digital asset adoption in Bahrain. BFB is a fintech incubator in the Kingdom, working with government and private sector stakeholders to develop the local financial technology ecosystem.

Ripple, BFB Launch Fintech Pilot Projects

“At Ripple we look forward to working with Bahrain Fintech Bay to continue laying the foundations for a thriving local blockchain industry, as well as ultimately offering our digital assets custody solution and stablecoin Ripple USD to Bahrain’s financial institutions,” said Reece Merrick, Managing Director for Middle East and Africa at Ripple.

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Under the agreement, Ripple and BFB will collaborate on a series of initiatives aimed at strengthening Bahrain’s digital assets sector. These include developing proofs-of-concept and pilot projects related to blockchain, cross-border payments, digital assets, stablecoins, and tokenization.

The partnership will also involve educational programs, accelerator initiatives, and participation in industry events to promote collaboration and innovation.

“Together, we are delivering on our goal of enhancing fintech innovation in the region,” said Suzy Al Zeerah, Chief Operating Officer at Bahrain Fintech Bay.

🚨 BREAKING: Ripple expands into Bahrain through a strategic partnership with FinTechBay to accelerate blockchain adoption and launch digital asset pilot projects.The Gulf is emerging as a key hub for the new financial era, with Ripple leading the way. ⚡🌊 pic.twitter.com/zKuCoDyRVO

— John Squire (@TheCryptoSquire) October 9, 2025

Ripple Holds Over 60 Global Licenses

Ripple has operated in the digital asset industry for more than ten years. The company holds over 60 regulatory licenses worldwide, including one from the Dubai Financial Services Authority (DFSA) granted in March 2025. This made Ripple the first blockchain-based payments provider to receive DFSA approval.

This article was written by Tareq Sikder at www.financemagnates.com.

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Bitcoin WON'T Hit $200k

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North Korea-linked Hackers Stole Over $2B in Crypto So Far in 2025: Report

North Korean hackers have commandeered more than $2 billion in cryptocurrency assets in 2025 alone, setting a new annual record with nearly three months still left in the year.

This vast sum reflects the growing reliance of Pyongyang on illicit cyber activities to fund its controversial nuclear and ballistic missile programs, according to blockchain analysis firm Elliptic and international intelligence sources.

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The Scale and Impact of the Thefts

This year’s staggering total has been largely driven by a single exploit – the February hacking of the cryptocurrency exchange Bybit, which alone reportedly accounted for $1.46 billion in stolen digital assets.

Beyond this, North Korea-affiliated groups have been linked to over 30 crypto thefts targeting various platforms, including LND.fi, WOO X, and Seedify. The sum collected through these hacks now exceeds $6 billion, which is the total crypto assets stolen by the regime since 2017.

The United Nations and multiple government agencies have repeatedly flagged such activities as contributors to Pyongyang's sanction evasion strategies.

From Technical Flaws to Human Vulnerability

Recent attacks demonstrate a tactical shift for North Korean hackers. While earlier breaches largely exploited software vulnerabilities within crypto infrastructures, today’s methods emphasize social engineering, deceiving individuals into giving access to their digital assets.

According to the research, this evolution in approach means that not only exchanges but also increasingly wealthy individual crypto holders face significant risks, often without the sophisticated security measures deployed by corporations.

Elliptic highlights that this change points to the human element as the growing weak link in cryptocurrency security. Hackers now meticulously target high-net-worth individuals, sometimes to reach broader associated assets, making personal cybersecurity vigilance more critical than ever.

Increasingly Complex Laundering Techniques

Responding to advances in blockchain forensic capabilities, including improved tracking by law enforcement and compliance professionals, North Korean cybercriminals have adapted by employing intricate laundering strategies.

You may also find interesting: $1.58 Billion in Crypto Vanishes in Just 8 Months

These include multiple rounds of token mixing, cross-chain transactions across various blockchains like Bitcoin, Ethereum, and Tron, and the use of obscure blockchain networks that are less monitored by analytics teams.

Hackers also exploit “refund addresses” to reroute illicit funds among fresh wallets and create tokens issued by laundering networks, complicating investigators' efforts to trace stolen assets.

$1.4 Billion Bybit Hack

Bybit Hack Forensics ReportAs promised, here are the preliminary reports of the hack conducted by @sygnia_labs and @Verichains Screenshotted the conclusion and here is the link to the full report: https://t.co/3hcqkXLN5U pic.twitter.com/tlZK2B3jIW

— Ben Zhou (@benbybit) February 26, 2025

Early this year, cryptocurrency exchange Bybit reported a security breach involving unauthorized access to one of its Ethereum cold wallets. The breach, linked to a vulnerability in the multisignature process through Safe Wallet, resulted in the transfer of over $1.4 billion in liquid-staked Ether (ETH) and MegaETH (mETH) to a wallet controlled by the attacker.

In response to the exploit, the exchange launched LazarusBounty.com. This platform aims to expose hackers, recover stolen assets, and enhance transparency in blockchain security, marking an industry-first initiative by the exchange.

This article was written by Jared Kirui at www.financemagnates.com.

* This article was originally published here

Robinhood Faces New Rival as Galaxy Digital Launches Retail Trading Service

Galaxy Digital took a major step into the retail investment market by launching a new trading platform offering commission-free trading of over 2,000 stocks and ETFs alongside major cryptocurrencies like Bitcoin and Ethereum.

The launch of GalaxyOne energized the market, driving Galaxy’s shares up by 7-8%. The firm seeks to compete with Robinhood and Coinbase while standing out by offering attractive yields on cash deposits.

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Integrated Trading and Yield Products

According to the company, GalaxyOne merges traditional equity trading and crypto investing with yield-bearing cash accounts. Retail investors can reportedly earn 4% annual percentage yield (APY) on FDIC-insured deposits, while accredited investors gain access to an 8% APY investment note requiring a minimum commitment of $25,000.

"We've spent years building institutional-quality infrastructure to serve the world's most sophisticated investors. Now, we're extending that edge to individuals," commented Mike Novogratz, Founder and CEO of Galaxy. "Importantly, GalaxyOne advances our mission of becoming a full-spectrum financial services provider that builds trusted, regulated, and accessible products for all market segments."

This strategy leverages Galaxy Digital’s institutional lending business that manages over $1.1 billion in loans, providing a stable foundation for competitive returns.

GalaxyOne challenges established retail platforms like Robinhood and eToro by focusing initially on affluent, accredited investors. Zac Prince, the app's Managing Director, said the app currently targets this niche rather than trying to confront Robinhood’s broader user base directly.

For too long, many individual investors have been left with fragmented, gamified investment tools, low-yield accounts, and platforms that don’t truly connect the pieces of their financial lives.With @galaxyoneapp, we set out to change that. pic.twitter.com/uhhhTEpxgh

— Zac Prince (@GalaxyOneZac) October 6, 2025

At the same time, Prince acknowledged GalaxyOne competes for attention in a saturated market filled with both decentralized finance and traditional fintech apps.

Market Reaction and Outlook

One of GalaxyOne’s highlights is its automated reinvestment of earnings into cryptocurrency or cash, designed to simplify compound growth for investors. The platform is available on iOS, Android, and web, and plans are underway to expand features, including business accounts, crypto staking, and enhanced lending products.

You may also like: Robinhood in Talks With UK and EU Regulators on Prediction Markets Expansion: Report

Galaxy Digital’s stock price has more than doubled since its Nasdaq debut earlier this year. Industry analysts like Cantor Fitzgerald have noted the firm's expansion into retail services as a savvy move, setting a price target implying further gains.

As cryptocurrencies like Bitcoin reached record highs recently, platforms blending crypto and traditional finance with attractive yields may well redefine retail investing landscapes in the near future.

This article was written by Jared Kirui at www.financemagnates.com.

* This article was originally published here

Has Bitcoin’s 4-Year Cycle Just Been Broken?

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The BIGGEST THREAT To Your Portfolio Right Now

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Bitcoin Approaches $124K Peak as U.S. Shutdown Fuels Crypto Surge

Bitcoin has surged close to a new record high, climbing within 1% of its all-time price as the U.S. government shutdown extends into its third day.

This unexpected political uncertainty has coincided with a broader rally across cryptocurrencies, signaling renewed investor confidence and a potential turning point after a quiet summer.

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The cryptocurrency rose more than 1.2% in the past 24 hours, reaching approximately $122,400 and briefly touching $123,850, according to CoinMarketCap. This puts it just shy of the $124,290 record set in August.

Meanwhile, the total crypto market capitalization climbed over 3% to surpass $4.2 trillion amid high bullish sentiment on social channels. Since the shutdown began on Wednesday, Bitcoin’s value has increased by over 8%.

Government Shutdown Spurs New Bitcoin Interest

The shutdown highlighted the stark difference between it and the 2018 shutdown during the Trump administration, when Bitcoin remained largely unaffected.

Breaking News: The U.S. government has shut down, after Congress failed to pass a bill to keep federal funding flowing. Hundreds of thousands of workers are set to be sent home without pay, and a wide range of federal programs will be disrupted. https://t.co/q0caziSzXd pic.twitter.com/vEwubNgeNm

— The New York Times (@nytimes) October 1, 2025

October has been strong for Bitcoin historically, often called “Uptober” by traders due to gains in nine of the past ten years. A rise toward $135,000 would mark roughly a 9% increase from current prices.

The recent Bitcoin surge comes amid growing institutional interest and shifting macroeconomic conditions. After trading below $110,000 just last weekend, Bitcoin has climbed almost 15% over five days.

“It seems this momentum is being driven by institutional demand through Bitcoin ETFs, with sustained positive inflows throughout early October creating strong upward momentum toward ~$124k. The trend shows ETF inflows that may be driving the current rally toward all-time highs,” opined Jake Kennis, Senior Research Analyst at Nansen.

Institutional Demand and Macro Factors Drive Rally

Its quick recovery contrasts with July to September’s relatively muted price action, during which Bitcoin lagged behind stocks and gold. These factors have pushed investors away from the U.S. dollar toward hard assets like Bitcoin, which benefit from increased institutional adoption.

Read more: Why Crypto Is Up Today? BTC Price Sees Biggest Rally Since June as XRP, Ethereum, and Dogecoin Follow

Meanwhile, according to Bitfinex analysts, “technical levels indicate supply zones between $120K and $124K, while on-chain data highlights strong holder absorption around $111K to $113K, creating a solid base. Also, market sentiment seems constructive without appearing excessively greedy. If inflows remain consistent and macro data does not deliver any upside surprises, the path towards more new all-time highs in Q4 appears well supported.”

BULLISH: Bitfinex analysts say Bitcoin could touch $115,000 or higher by early July driven by strong institutional interest and ETF inflows. pic.twitter.com/0SdUfmEqZm

— Send Onchain (@SendOnchain) June 5, 2025

The combination of deeper economic shifts and broader investor pools provides a stronger foundation than past speculative runs. As Bitcoin approaches new heights amid political turbulence and changing global dynamics, the coming weeks will test whether this renewed enthusiasm can hold or if profit-taking will again disrupt the rally.

This article was written by Jared Kirui at www.financemagnates.com.

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Bitcoin Price Outlook: October 2025

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