Crypto
Trump's tariff threat sparks over $7 billion in crypto liquidations
October 11, 2025 Hoton da AI ya samar
Cryptocurrency prices plunged on October 10, 2025, after US President Donald Trump announced plans for an additional 100% tariff on Chinese goods and export controls on critical software. Bitcoin fell more than 10% to below $110,000, while other major tokens like Ethereum and Solana dropped 15-30%. The sell-off led to over $7 billion in leveraged position liquidations within hours, according to Coinglass data.
Prediction markets grow amid cryptocurrency pullback
Polymarket achieved a $9 billion valuation through a major investment, highlighting the rapid maturation of prediction markets. This surge occurs as broader cryptocurrency markets experience a downturn. Competition intensifies between Polymarket and Kalshi, with varying volumes in sports and politics betting.
Bitcoin rebounds above $123,000 as miners rally
Bitcoin climbed back above $123,000 on Wednesday after a sharp drop the previous day, with crypto miners leading gains amid AI optimism. Analysts suggest bitcoin could reach $644,000 if it captures part of gold's market amid the ongoing gold rally. Federal Reserve minutes indicated potential interest rate cuts later this year.
UK lifts ban on retail access to crypto ETNs
October 09, 2025 An Ruwaito ta hanyar AI
The UK's Financial Conduct Authority has ended its four-year ban on retail investors accessing bitcoin and crypto exchange-traded notes, effective October 8, 2025. This allows firms to offer these products on approved exchanges like the London Stock Exchange. The move could boost the UK crypto market by up to 20%, according to research.
FASB weighs stakeholder feedback for accounting priorities
The Financial Accounting Standards Board is reviewing over 100 comment letters and meeting inputs to prioritize its agenda. Stakeholders highlighted hedge accounting, alternative funding, and crypto assets as key areas. This marks the first broad outreach since 2021.
Hyperliquid user loses $21 million to hackers after private key breach
A user on the Hyperliquid platform has suffered a major cryptocurrency theft, losing $21 million following a breach of their private key. The incident highlights ongoing vulnerabilities in crypto wallet security. Blockchain analysts have traced the stolen funds through on-chain transactions.
Morgan Stanley expands crypto fund access for all wealth clients
October 11, 2025 An Ruwaito ta hanyar AI
Morgan Stanley announced on October 10 that starting October 15, its financial advisors can offer cryptocurrency funds to any wealth management client, regardless of account type or asset level. This policy shift removes prior restrictions limiting access to high-net-worth individuals with aggressive risk profiles. The change aligns with evolving U.S. regulatory approvals for crypto exchange-traded funds.