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Institutional appetite for Bitcoin has surged to new and unprecedented levels this year.  As of October 8, global bitcoin exchange-traded products (ETPs) and publicly traded companies have collectively acquired 944,330 BTC — already surpassing the total amount purchased in all of 2024.  To put this in perspective, these institutions have bought roughly 7.4 times the new supply of bitcoins mined this year.  With three months remaining in 2025, it’s safe to assume that rate will only go up.  Bitcoin institution statistics from September According to a monthly report shared by Bitcoin Treasuries with Bitcoin Magazine, public and private treasuries added a…

A majority of lawmakers in the US Senate voted to confirm Jonathan McKernan as Under Secretary for Domestic Finance at the Department of the Treasury.In a Tuesday vote of 51 to 47, the Senate confirmed McKernan to the US Treasury, serving under Secretary Scott Bessent. Though the US government has been shut down since lawmakers failed to pass a bill extending funding beyond Sept. 30, Congress can essentially continue to operate.McKernan, nominated to the Treasury by US President Donald Trump in June, has previously suggested opposition to debanking policies in the government, but did not explicitly tie the alleged practice…

A Bitcoin technical indicator has squeezed to its tightest ever level as volatility diminishes and the asset remains rangebound despite recent peaks.  “Bitcoin’s weekly Bollinger Bands recently hit record tightness,” reported chartered market technician Tony Severino on Wednesday. For now, the cryptocurrency has failed to break out above the upper band with strength, despite reaching an all-time high of $126,000 earlier this week. According to past local consolidation ranges, “it could take as long as a hundred days to get a valid breakout (or breakdown, if BTC dumps instead),” he said. Bollinger Bands are a technical analysis tool used…

Shayne Coplan, founder and CEO of the blockchain-based prediction market Polymarket, has become the world’s youngest self-made billionaire, according to the Bloomberg Billionaires Index. The milestone follows Intercontinental Exchange (ICE) announcing Tuesday that it would invest as much as $2 billion in the company at an $8 billion pre-money valuation. ICE owns the New York Stock Exchange, one of the world’s most powerful financial institutions.Coplan, now 27, launched Polymarket in June 2020 after spending a year studying how prediction markets could improve decision-making. The platform lets users wager on real-world outcomes, from elections to sports to economic indicators, using cryptocurrency.Polymarket’s…

Ethereum’s staking network is under growing strain as validator withdrawals climb to record levels, testing the system’s balance between liquidity and network security.Recent validator data shows that over 2.44 million ETH, valued at more than $10.5 billion, are now queued for withdrawal as of Oct. 8, the third-highest level in a month.This backlog trails only the 2.6 million ETH peak recorded on Sept. 11 and 2.48 million ETH on Oct. 5.According to Dune Analytics data curated by Hildobby, withdrawals are concentrated among the leading liquid staking token (LST) platforms like Lido, EtherFi, Coinbase, and Kiln. These services allow users to…

Join Our Telegram channel to stay up to date on breaking news coverage The XRP price dropped 4% in the past 24 hours to trade at $2.856 as of 3:37 a.m. EST even as trading volume rose 12% to $2 billion. This comes as veteran trader Peter Brandt, with 810k followers on X, said he sees the altcoin plummeting to  $2.22163 if it closes below $2.68743. Brandt’s analysis is based on a descending triangle, which has been forming over time for the XRP price. In support of the bearish outlook, another market veteran, Ali Martinez, also predicted that XRP could…

The Ethereum Foundation, which oversees the development of the Ethereum network, announced the “Privacy Cluster,” a team of 47 experts across the blockchain industry tasked with bringing privacy features to the layer-1 smart contract network.Ethereum’s privacy cluster brings together researchers, engineers and cryptographers to develop protocol-level privacy features, including private payments and private decentralized identity solutions, according to a Wednesday announcement.The Foundation introduced Privacy Stewards for Ethereum (PSE), a privacy-focused research and development initiative, in September, and the Privacy Cluster will work closely with PSE to build out privacy-preserving enhancements.These privacy-preserving developments include developing zero-knowledge infrastructure, a way of verifying…

Crypto wallet MetaMask will tap Polymarket later this year to expand its offerings to prediction markets, aiming to get in on the booming sector that has caught Wall Street’s attention. The integration will make Polymarket directly available through MetaMask’s wallet, enabling users to buy and sell “shares” to bet on real-world events from elections and sports to a company’s earnings results.MetaMask’s global product lead, Gal Eldar, told Cointelegraph that the partnership is part of the firm’s goal to evolve from a crypto wallet into a gateway to global, democratized finance. “Each new feature expands what users can do with their financial assets:…

TALLINN, ESTONIA – October 8, 2025 — For too long, bitcoiners who self-custody have suffered clunky offramps, worried about banking blocks, and struggled to actually use bitcoin for everyday purchases. Now, after 18 months of beta testing and around 1,000 early users moving over €6 million, the Bringin full release is live, opening the doors for bitcoiners in the eurozone to save, store, send, receive, and spend bitcoin in one simple app and finally ‘live the standard’. 3 Ways to Live the Standard with Bringin Stack with Ease; Use Sats for Major Expenses➡️ On-ramping direct to self-custody.One-time purchases and DCA…

In answer to Wall Street bank lobbying, crypto group Stand With Crypto said it enlisted its online members to send a message more than 250,000 times to the U.S. senators in their states, pushing back on the bankers’ attempt to stymie the avenue for stablecoin rewards in the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.The letter crafted by Stand With Crypto — a U.S. pro-crypto member organization initially established by Coinbase — urges lawmakers to ignore the banking advocates who launched an August effort to rewrite the law to completely shutter stablecoin issuers’ ability to offer yields…