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The U.K.’s Financial Conduct Authority (FCA) has officially lifted its four-year ban on retail access to bitcoin and crypto exchange-traded notes (cETNs). Starting today, firms can offer retail investors exposure to bitcoin and other cryptoassets through ETNs traded on FCA-approved investment exchanges such as the London Stock Exchange or Cboe UK.  The change came into effect today after months of consultation and signals a more open — though still cautious — regulatory stance toward crypto. “Since we restricted retail access to cETNs, the market has evolved, and products have become more mainstream and better understood,” said David Geale, executive director…

Bitcoin’s latest breakout is being fueled by institutions and steady on-chain demand rather than speculation, according to new data from Glassnode.In the Oct. 8 edition of its “The Week On-chain” newsletter, the analytics firm said bitcoin’s surge to a new all-time high near $126,000 earlier this week was powered by strong ETF inflows and consistent accumulation from smaller market participants. The move pushed bitcoin into fresh price discovery before consolidating near $122,500 on Wednesday.ETF demand returnsGlassnode said more than $2.2 billion flowed into U.S. spot bitcoin ETFs within a single week, marking one of the strongest waves of institutional buying…

Solana-based decentralized exchange Jupiter is rolling out its own stablecoin, JupUSD, by the end of the year.The coin will be native to Solana and tightly integrated across Jupiter’s ecosystem, including its perpetuals platform, lending markets, and trading interfaces, the DEX shared on X on Wednesday.JupUSD is being developed in partnership with Ethana Labs, known for minting over $16 billion in stablecoins through their project.The stablecoin will be fully collateralized by Ethana Labs’ USDtb, a stablecoin that’s backed by treasury funds including BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).The team plans to add USDe as a secondary backing asset, aiming to…

Crypto exchange Gemini has officially launched its Australian operation. The move is a bid to tap into the country’s growing demand for crypto. Australia’s crypto adoption rate has risen to 31 percent as of early 2025. Fresh off a triumphant public debut on the Nasdaq, the cryptocurrency exchange Gemini is embarking on the next chapter of its global expansion, planting its flag firmly in the fertile and rapidly growing market of Australia. The move, which will see the firm led by the billionaire twins Tyler and Cameron Winklevoss offer its full suite of digital currency services locally, is a powerful…

BitMEX co-founder Arthur Hayes has agreed that the four-year crypto cycle is dead, but not for the reasons most people believe. “As the four-year anniversary of this fourth cycle is upon us, traders wish to apply the historical pattern and forecast an end to this bull run,” said Hayes in a blog post on Thursday.He added that while the four-year pattern worked in the past, it is no longer applicable and “will fail this time.”Hayes argued that Bitcoin (BTC) price cycles are driven by the supply and quantity of money, primarily USD and the Chinese yuan, rather than arbitrary four-year patterns…

Ethereum price failed to extend gains above $4,600 and declined. ETH is now moving lower and might extend losses below $4,400 in the short term. Ethereum started a downside correction below $4,600 and $4,550. The price is trading below $4,550 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $4,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $4,400. Ethereum Price Dips Again Ethereum price extended gains above $4,620 and $4,650, like Bitcoin. ETH price tested the $4,750 resistance zone…

ETH drops 4% to $4,500. Analysts flag key support levels, breakout patterns, and warning zones as traders watch for next move. Ethereum (ETH) is trading at around $4,500 after falling 4% in the past 24 hours. Despite the dip, analysts are watching as the price returns to a zone where buyers have previously shown interest. The current 7-day change is still positive, with ETH up 5% over the week. ETH/BTC Pullback May Offer Opportunity Michaël van de Poppe shared a weekly ETH/BTC chart showing a strong rally earlier this year. The pair moved up more than 140% from its…

Stellar’s native token XLM experienced heightened volatility over the past 24 hours, fluctuating between $0.38 and $0.39 — a 3% range — before closing near session highs. After dipping to $0.38 early on Oct. 8, the asset mounted a swift recovery, regaining ground above $0.39 by the end of the period, suggesting robust buying activity at lower levels.During the most recent hour of trading, XLM again demonstrated pronounced short-term swings, plunging briefly to $0.38 before rebounding sharply to reclaim the $0.39 mark. This intraday reversal underscores a strong recovery pattern, hinting at increasing market momentum and potential continuation of the…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.Bitcoin is beginning the Thursday trading day in Asia trading above $123,000, and its chart looks like a rocket trail through the fog, analysts say, painting it as an aggressive rally high powered by ETF inflows, mid-tier accumulation, and a quiet conviction that this isn’t the top yet.That conviction is grounded in three converging signals from major market…

Key takeaways:Solana ETFs and ETPs recorded $706 million in weekly inflows, outpacing XRP’s $219 million, per CoinShares.SOL funding rates stayed below the 6% neutral level, signaling reduced appetite for leveraged bullish positions among traders.Solana’s native token, SOL (SOL), climbed back to $229 on Tuesday after briefly dipping to $218. The move came as investors responded positively to the US Federal Reserve’s release of minutes from its Sept. 17 meeting, which reaffirmed expectations of additional interest rate cuts in 2025.Traders remain optimistic that SOL could advance toward the $300 mark, a target that appears realistic given the strong bullish sentiment reflected…