Cryptocurrency
Trump's tariff threat sparks over $7 billion in crypto liquidations
October 11, 2025 Àwòrán tí AI ṣe
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
October 11, 2025 Ti AI ṣe iroyin
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.
XRP slips below $3 as whales sell heavily
XRP's price has dipped below $3 amid heavy selling by whales, who are offloading over $50 million daily. This pressure is fueling market fears and volatility in a cautious cryptocurrency environment. Analysts highlight risks of a sharp correction, with technical indicators pointing to potential further declines.
UK lifts ban on retail access to crypto ETNs
October 09, 2025 Ti AI ṣe iroyin
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.
CF Benchmarks forecasts Bitcoin reaching $148,500 by year-end
A new report from CF Benchmarks predicts Bitcoin will rise 20% to $148,500 by the end of the year, driven by regulatory changes and institutional demand. It also expects the number of crypto exchange-traded funds to double to 80, with stablecoin assets hitting $500 billion in 2026. These projections come amid a supportive US policy environment and monetary easing.
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.
Crypto market hits $4.3 trillion all-time high in Uptober
The cryptocurrency market reached an all-time high this week, surpassing $4.3 trillion in capitalization. Bitcoin shattered records, trading at $121,374.00, amid the ongoing Uptober momentum. Analysts question whether the bullish trend can persist through the month.