Crypto
Trump's tariff threat sparks over $7 billion in crypto liquidations
11 Mwezi wa kumi, 2025 Picha iliyoundwa na AI
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.
Morgan Stanley expands crypto fund access for all wealth clients
11 Mwezi wa kumi, 2025 Imeripotiwa na 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.
FINRA survey highlights crypto investors' fraud vulnerability
New findings from the FINRA Investor Education Foundation reveal that crypto and meme stock investors are more likely to fall for fraudulent investment offers. Younger and less experienced investors show heightened susceptibility. The report coincides with the rapid growth of tokenized stocks, raising concerns about regulatory protections.
Crypto scam targets Richland County
A cryptocurrency scam is targeting residents in Richland County, South Carolina. Local news outlet WLTX reports on the issue, highlighting risks to the community.
Dubai regulator fines 19 crypto firms for licensing breaches
Dubai's Virtual Assets Regulatory Authority (VARA) has imposed fines on 19 cryptocurrency companies for operating without licenses and violating marketing rules. Penalties range from $27,000 to $163,000, with orders to halt operations immediately. The crackdown aims to protect consumers and ensure regulatory compliance in the emirate's digital asset sector.
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.
BNB token outperforms bitcoin and ethereum this year
Binance's native token BNB has risen 129% over the past year, surpassing bitcoin's 97% and ethereum's 84% gains. This performance comes amid growing adoption on the BNB Chain and new initiatives like the Aster exchange. However, some observers question the rally's drivers.
UK lifts ban on retail access to crypto ETNs
9 Mwezi wa kumi, 2025 Imeripotiwa na 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.
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.
Cardano investors anticipate 30x returns by January in strong crypto market
A recent article explores potential high returns for Cardano investors amid a robust cryptocurrency market. It questions where such gains might materialize by January.