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The 9th October 2025 Fintech Forum in Paris saw a top European Union official sounding the alarm, warning that the EU must accelerate its efforts to develop Euro-backed stablecoins – or risk US dominance in the global digital payment system. Insisting on the importance of Euro-backed stablecoins, Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM), said, “Europe should not be dependent on US dollar-denominated stablecoins, which are currently dominating markets.  Stablecoins are an inevitable part of this equation.! “In a rapidly evolving financial landscape, Europe should do its best to facilitate the generation of euro-denominated stablecoins by domestic…

A subsidiary of Dominari Holdings (DOMH), the investment firm with ties to President Donald Trump’s sons, Eric and Donald Jr., is teaming up with Bitcoin programmability project Hemi to progress its digital asset treasury and exchange-traded fund (ETF) plans.Broker-dealer Dominari Securities and Hemi, which is backed by veteran Bitcoin developer Jeff Garzik, teamed up to develop a digital asset treasury and ETF platform, according to an emailed announcement on Friday.Dominari Holdings is located in the Trump Tower in New York City and counts Eric and Donald Trump Jr. among its investors. They also sit on its board of advisors. In…

A high-stakes capital race has redefined the prediction market. Kalshi’s $300 million raise at a $5 billion valuation positioned it as the most valuable CFTC-regulated event-contract exchange in history. The firm’s expansion into 140 countries and growing list of macro and cultural markets seemed to cement its place as the global leader.Around the same time, Polymarket, Kalshi’s on-chain rival, secured $2 billion in backing from Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, and announced plans to re-enter the US market through a newly licensed exchange framework.This marks the first true duel between regulated infrastructure and crypto-native…

ZEC is the top gainer in the past week, while BNB flipped XRP. It was another eventful week in the cryptocurrency markets, as two of the leaders managed to break into uncharted territory before staging a minor pullback. But first, let’s rewind the clocks to the previous week, which marked the beginning of October, often referred to as Uptober in the digital asset community. BTC had already recovered some of the mid-September losses, but only doubled down and surged to $120,000 for the first time since August. On Friday alone, it went from $120,000 to $124,000 but failed to…

A tightening U.S. power grid is driving bitcoin BTC$121,335.91 miners and AI developers into closer alignment, according to Wall Street broker Bernstein. Soaring demand from AI and digital workloads has made grid access one of the biggest constraints on new data center growth, with interconnection timelines stretching to seven years in some regions, the broker said in a report on Friday.Miners, who secured large renewable power contracts years ago, now control more than 14 gigawatts (GW) of capacity and offer AI providers a shortcut to scale, analysts led by Gautam Chhugani wrote.Sites owned by IREN (IREN) and Riot Platforms (RIOT)…

Prestige Wealth (PWM) said it has closed a $150 million financing round to launch a digital asset treasuryfocused on XAUT$3,991.32, the gold-backed tokens of stablecoin giant Tether.The funding includes a $100 million private placement led by Antalpha (ANTA), a prominent bitcoin mining financing firm that and $50 million in senior debt, according to an announcement on Friday. Backers also include Tether and Kiara Capital.Most of that capital will be used to acquire tokenized gold reserves, aiming to build a publicly verifiable, blockchain-native treasury. The company will rebrand to Aurelion pending approvals, and will start trading under the AURE ticker on…

Key takeaways:Bitcoin’s correlation with Nvidia has surged to 0.75, its highest in a year.Analysts fear such a correlation may result in BTC price dropping by up to 80%.Bitcoin (BTC) and Nvidia stock (NVDA) are now moving more in sync than at any point in the past year. That has some market watchers worried about a looming crash similar to the dot-com bubble era in the late 1990s.Risky AI-on-AI deals pose crypto crash risksBTC’s 52-week correlation with the world’s top chipmaker has climbed to 0.75 as of Friday. It comes in the same week in which both Nvidia and Bitcoin valuations…

The UK has taken a decisive step toward mainstream crypto adoption after the Financial Conduct Authority (FCA) lifted its three-year ban on retail trading of crypto exchange-traded products (ETPs).The decision, announced on Oct. 8, reverses a January 2021 restriction that prevented retail investors from accessing crypto exchange-traded notes (ETNs) over volatility and consumer-protection concerns.As a result, trading on approved UK exchanges such as the London Stock Exchange is expected to begin on Oct. 16, marking a new phase for regulated crypto investment in Europe’s largest financial market.According to the FCA, eligible ETNs will initially cover Bitcoin and Ethereum, and all…

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price has dropped a fraction of a percent in the last 24 hours to trade at $121,310 as of 3.45 a.m. EST. This comes as Twitter co-founder Jack Dorsey’s Square announced the launch of a Bitcoin wallet for retailers in a move designed to take Bitcoin payments mainstream and challenge credit cards. JUST IN: Jack Dorsey’s Square introduced a #Bitcoin wallet solution to enable local businesses to accept BTC payments with zero fees. Bullish 🚀 pic.twitter.com/giHUcQTLLr — Bitcoin Magazine (@BitcoinMagazine) October 8, 2025 The wallet,…

The dollar’s rise toward 101 is squeezing liquidity around the world, pressuring risk assets like Bitcoin. Bitcoin (BTC) slipped below $122,000 on Thursday as a strengthening U.S. dollar dampened risk sentiment and tightened global liquidity conditions. The pullback came after a strong rally that lifted the world’s largest cryptocurrency to a new record above $126,000 earlier this week. The Macroeconomic Pressure on Digital Assets According to market analyst Jamie Coutts, the downturn reflects macro forces rather than internal weakness. “Bitcoin’s dip isn’t mysterious — it’s macro,” he wrote on X earlier today, noting that the U.S. Dollar Index (DXY)…