CME Group, the world’s leading derivatives marketplace, announced that its metals complex reached a record daily volume of 2,829,666 contracts on October 17, 2025. The milestone surpasses the previous record of 2,148,990 contracts set just one week earlier, on October 9. The surge underscores the growing global demand for precious and industrial metals amid heightened economic uncertainty. According to Jin Hennig, Managing Director and Global Head of Metals at CME Group, the record reflects a broad-based increase in market participation. “Demand for safe-haven assets is surging as market participants work to navigate ongoing economic uncertainty,” she said. “Clients across the globe continue to turn to our Gold futures and options to hedge their risk and pursue opportunities in this complex environment, with both large institutions and retail traders driving record activity across our metals product suite.” The all-time high highlights CME Group’s pivotal role as the global benchmark venue for metals trading, serving as a central hub for price discovery and risk management. The record was supported by significant gains across multiple products, including gold, silver, and base metal contracts, reflecting heightened volatility and increased trading by both institutional and retail clients. Takeaway CME Group’s new metals trading record demonstrates the growing appeal of its futures and options suite as investors seek safety, liquidity, and efficiency amid global uncertainty. Within the record-breaking day, CME Group reported multiple single-day highs across specific metals contracts. Metals futures alone reached 2,599,935 contracts, while Micro Gold futures climbed to a record 1,267,436 contracts. The 1-Ounce Gold futures contract also set new records, with 199,928 contracts traded and 20,326 contracts in open interest. Additionally, E-mini Gold futures hit a new high with 12,818 contracts traded in a single session. These milestones reflect the continued evolution of CME Group’s product ecosystem, which caters to a wide spectrum of participants — from large institutional hedgers to individual traders — and offers flexible contract sizes designed to enhance accessibility. The expansion of micro and mini contracts has been a major driver of participation growth, particularly among retail investors seeking exposure to metals markets with lower capital requirements. The surge in volumes also highlights increased activity in safe-haven assets like gold and silver as investors diversify portfolios and hedge against macroeconomic volatility, inflation concerns, and shifting interest rate expectations. CME Group’s metals complex remains a core component of global commodity trading, providing transparency, liquidity, and reliable price discovery for participants worldwide. Takeaway Record-breaking volumes across multiple gold futures contracts underscore CME Group’s leadership in delivering trusted, scalable hedging tools across global metals markets. As financial markets continue to react to evolving economic conditions, CME Group’s metals suite — including Gold, Silver, Copper, and Platinum Group Metals futures — is expected to remain a key barometer of investor sentiment. The strong momentum in October 2025 further reinforces the exchange’s role as a cornerstone of global risk management and a critical venue for capital markets stability. Building on recent growth in energy and interest rate products, the record performance of the metals complex demonstrates CME Group’s ability to capture shifting market dynamics and adapt to the increasing diversity of its customer base. The trend also signals the expanding relevance of derivatives markets in navigating macroeconomic volatility and supporting global liquidity. Takeaway CME Group’s October record cements its status as the global benchmark for metals trading, reflecting a surge in investor engagement and confidence in its marketplace infrastructure.

Tradeweb Markets Inc. has successfully launched its Alternative Trading System (ATS) for the execution of Sukuk and Saudi Riyal (SAR)-denominated debt instruments in the Kingdom of Saudi Arabia. Licensed by the Capital Market Authority (CMA), the new platform marks a major milestone as the country’s first regulated electronic bond market infrastructure, designed to facilitate transparent and efficient trading for professional investors. The platform’s inaugural transactions were executed between BlackRock and BNP Paribas, followed by a subsequent trade between BlackRock and Goldman Sachs. This development follows Tradeweb’s selection by the CMA earlier in 2024 after a competitive tender process, underscoring the firm’s expertise in delivering advanced multi-asset trading infrastructure aligned with international best practices. The launch of the ATS supports Saudi Arabia’s broader Vision 2030 strategy to deepen its capital markets, attract global investment, and foster sustainable economic development. The move comes shortly after the Kingdom’s inclusion on the J.P. Morgan EM Bond Index watchlist—a development expected to drive around USD 5 billion in initial foreign inflows, further reinforcing Saudi Arabia’s growing prominence in global fixed income markets. Takeaway Tradeweb’s CMA-licensed ATS marks a pivotal advancement in Saudi Arabia’s capital market modernization, providing the country’s first regulated venue for Sukuk and SAR bond trading. The introduction of the ATS forms part of Tradeweb’s global multi-asset Emerging Markets (EM) platform, which already supports over 20 currencies across fixed income and derivatives markets. The inclusion of SAR-denominated instruments broadens Tradeweb’s reach across Asia Pacific, Central and Eastern Europe, the Middle East and Africa, and Latin America, reinforcing its role as a global leader in electronic bond trading solutions. Built under CMA oversight, the Tradeweb ATS has been developed to meet both local and international market standards. The platform offers users multiple trading protocols, deep liquidity access, and seamless alignment with Saudi Arabia’s trading conventions. It also provides a flexible foundation for the potential future inclusion of corporate bonds, repurchase agreements, and derivatives markets, pending regulatory approval. “The launch of this platform represents a significant milestone for Saudi Arabia’s financial markets and for Tradeweb’s continued expansion into key emerging economies,” said a Tradeweb spokesperson. “By combining world-class trading technology with regulatory alignment, we are supporting Saudi Arabia’s goal of becoming a major hub for institutional fixed income activity.” Takeaway The platform enhances Saudi Arabia’s fixed income ecosystem, offering institutional-grade infrastructure that aligns global best practices with local market requirements. Eligible institutional investors can now trade SAR-denominated debt instruments and Sukuk through the ATS alongside other EM assets available on the Tradeweb platform. This integration enhances portfolio diversification opportunities while facilitating greater cross-border capital flow into the region’s expanding debt markets. By enabling electronic execution and price transparency, Tradeweb’s initiative not only strengthens Saudi Arabia’s financial infrastructure but also represents a critical step in bridging regional and global markets. The new ATS is expected to attract increased participation from both local and international financial institutions seeking compliant, efficient, and liquid access to the Kingdom’s growing debt capital market. The launch positions Saudi Arabia at the forefront of digital market innovation in the Middle East, serving as a model for how emerging economies can combine regulatory modernization with global market connectivity to accelerate capital market development. Takeaway Tradeweb’s expansion into Saudi Arabia advances global electronic bond trading and supports the Kingdom’s Vision 2030 goals of diversification, transparency, and financial innovation.

Bybit Pay Expands Global Payment Reach Through Armenia Integration Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a strategic partnership between Bybit Pay and Idram, Armenia’s leading digital payment provider. The collaboration represents a major milestone in Bybit Pay’s mission to connect crypto and real-world payments through localized partnerships that drive tangible adoption. To commemorate the launch, Bybit and Idram will host an official ceremony in Yerevan, Armenia on October 22, 2025. The event will bring together fintech leaders, regulators, and partners to discuss digital infrastructure development across the Eurasian region and highlight how blockchain-powered payment solutions can integrate with national fintech systems. “Bybit and traditional fintech companies are natural partners,” said Sophie Chen, Head of Marketing, Payment Business Unit at Bybit. “Bybit Pay’s expansion to Armenia powered by Idram’s network is another step in building our global reach and elevating crypto convenience for our community. We are committed to establishing partnerships that create lasting value for local economies.” Investor Takeaway Bybit Pay’s Armenia expansion bridges crypto with local payments at over 25,000 retail points — a significant step in real-world digital asset adoption. QR-Based Payments Connect Crypto and Commerce Through this partnership, Bybit Pay users will be able to make QR code payments at more than 25,000 retail points of sale across Armenia. Leveraging Idram’s vast infrastructure — which commands over 90% market share in the Armenian QR payments space — the collaboration enables both locals and visiting Bybit users to spend crypto effortlessly in everyday transactions. For merchants, the integration provides unified access across the Eurasian Economic Union — a market of more than 185 million consumers. Bybit Pay’s international users can pay instantly with their app while visiting Armenia, further expanding the usability of digital assets beyond online ecosystems. “This partnership demonstrates Idram’s commitment to innovation and global connectivity,” said Arsene Kdenian, CEO of Idram. “By integrating our QR system with Bybit Pay, we make it possible for visitors to make convenient, secure crypto payments at thousands of stores across Armenia.” Scan-to-Pay: Simple, Fast, and Secure The new Bybit Pay QR system enables frictionless, real-time crypto payments at retail stores using just a smartphone. The process is simple and designed to mirror traditional payment flows: The user scans the merchant’s QR code using the Bybit Pay app by selecting “QR Pay.” A confirmation window instantly displays the transaction amount and merchant details. The user taps “Confirm” to authorize and complete the transaction in seconds. Bybit Pay’s infrastructure converts supported cryptocurrencies into fiat at the moment of purchase, ensuring price stability and compliance for merchants while offering crypto holders a convenient way to spend digital assets. Investor Takeaway Bybit Pay’s QR-based integration with Idram blends crypto flexibility with regulatory-grade stability — a scalable model for Web3 payments across emerging markets. Driving Financial Inclusion Across the Eurasian Region With more than two decades of financial service experience, Idram is recognized as Armenia’s digital payment pioneer. Its collaboration with Bybit underscores a shared vision: building compliant, innovative payment infrastructure that integrates Web3 technologies into everyday commerce. The partnership will not only enhance accessibility for Armenian users but also position the country as a regional leader in crypto-fintech convergence. Bybit Pay’s roadmap includes expanding to additional markets within the Eurasian Economic Union, reinforcing its strategy of global adoption through localized, regulatory-compliant partnerships.

Ethereum co-founder Vitalik Buterin has publicly praised Polygon and its co-founder Sandeep Nailwal, describing their work as pivotal to Ethereum’s long-term scalability and ecosystem development. The comments, made in a post on X (formerly Twitter), have drawn significant attention as the Ethereum community debates governance, centralization, and loyalty within the Layer-2 ecosystem. The exchange began when Nailwal responded to claims questioning Polygon’s loyalty to Ethereum, reiterating that the Layer-2 network remains deeply rooted in Ethereum’s vision. In response, Buterin expressed appreciation for both Nailwal and Polygon, recognizing their consistent efforts to advance zero-knowledge (ZK) technology and support major decentralized applications like Polymarket. His remarks were widely interpreted as an effort to reaffirm Polygon’s importance within Ethereum’s broader ecosystem. Polygon’s role in Ethereum’s scaling future Polygon has established itself as a key scaling solution for Ethereum, leveraging its zkEVM and ZK-proof technology to enable faster, cheaper, and more efficient transactions. These advancements align closely with Ethereum’s ongoing transition toward modular scalability, where Layer-2 solutions handle execution while Ethereum maintains security and decentralization. Buterin specifically highlighted Polygon’s leadership in developing practical ZK proving systems, calling them instrumental in strengthening Ethereum’s Layer-2 ecosystem. The endorsement underscores how vital interoperability and collaboration are to Ethereum’s long-term roadmap, especially as the network competes with emerging blockchains offering lower fees and faster transaction speeds. Industry experts noted that Buterin’s comments signal an effort to mend divisions within the Ethereum community following criticism of the Ethereum Foundation’s governance structure. By acknowledging Polygon’s contributions, Buterin emphasized the importance of maintaining unity among developers and projects that share Ethereum’s foundational principles. Community reaction and broader implications The crypto community reacted positively to Buterin’s statements, with many viewing them as a reaffirmation of Ethereum’s open and collaborative ethos. Supporters pointed out that Polygon continues to contribute to Ethereum’s mission beyond technology—through initiatives like CryptoRelief, the $100 million fund co-led by Nailwal, which focuses on pandemic relief and public goods funding. Polygon, launched in 2017, has grown into one of Ethereum’s most widely used scaling platforms, supporting decentralized finance (DeFi), gaming, and enterprise applications. The launch of Polygon’s zkEVM earlier this year was a major milestone, offering full Ethereum Virtual Machine (EVM) compatibility while utilizing advanced ZK cryptography for faster and more secure computation. Buterin’s public praise comes at a crucial time as Ethereum faces renewed scrutiny over its internal governance and strategic direction. Developers and community members have been calling for more transparency and inclusion in decision-making, especially as new Layer-2 networks compete for users and developer attention. By recognizing Polygon’s impact, Buterin appears to be reinforcing a message of collaboration over competition, positioning Ethereum’s Layer-2 ecosystem as a unified front in the broader blockchain landscape. As Ethereum continues to evolve, partnerships with scaling solutions like Polygon are expected to remain central to achieving its vision of a decentralized, high-performance network.

In under a decade, stablecoins have evolved from niche crypto experiments into a deeply established digital money. While many stablecoins remain pegged to the U.S. dollar, the ecosystem now includes euro, yuan, and algorithmic-pegged tokens. This diversity could either reinforce the dollar’s global reach or usher in a more multipolar financial era. One striking example of how fast the space is changing is USD1—a politically branded U.S. dollar stablecoin launched in 2025, which has quickly become the fifth largest globally, reaching a market capitalization of $2.68 billion. Its success underlines how stablecoins are no longer crypto curiosities but serious tools in the global monetary system. Stablecoins as the Next Phase of Digital Money Stablecoins have grown into an important force in finance, bridging the stability of fiat with the efficiency of blockchain. Dollar-backed tokens such as USDT, USDC, and USD1 remain dominant because of their liquidity and integration, but the market is diversifying. Euro and yuan pegged stablecoins, along with algorithmic and synthetic versions, are gaining traction in regions seeking local digital alternatives. In countries with volatile currencies, stablecoins now serve as digital lifelines, offering price stability and seamless access to global liquidity. “Every USDT, USDC, or on-chain USD transaction is another line of code binding the world to the greenback,” said Sid Sridhar, founder of Bima Labs. “The irony is that in trying to escape banks and borders, the world built a second, internet-native Federal Reserve.” At the same time, some nations are experimenting with sovereign-backed or hybrid stablecoin tokens that blend central bank oversight with private innovation. Wilfred Daye, CSO for Mercurity Fintech Holding Inc, and the CEO for Chaince Securities, LLC, observes that this trend is drawing traditional finance closer to crypto: “Banks and payment providers are turning stablecoins into a regulated payments infrastructure. Once acquirers and gateways add one-click EUR and USD tokens, stablecoins stop being a crypto niche — they become mainstream.” Investor Takeaway Stablecoins are rapidly evolving from crypto instruments to mainstream financial infrastructure, signaling a long-term shift in global payment systems. The Dollar Paradox: The Dollar’s Strongest Ally or Its Silent Threat? Despite the rise of alternatives, the U.S. dollar remains the backbone of the global stablecoin market. Over 95% of circulating stablecoins are pegged to the dollar, embedding USD rails across crypto, fintech, and cross-border settlement. Daye describes this situation as “dominance with a new plumbing risk” where stablecoins extend the dollar’s reach but introduce technical vulnerabilities, such as the potential market impact if issuers must rapidly liquidate U.S. Treasuries to meet redemptions. Sridhar echoes this sentiment, arguing that stablecoins amplify rather than weaken U.S. power: “Stablecoins are not a threat to the dollar; they’re the most powerful distribution channel it has ever had. The dollar doesn’t just sit in vaults in New York anymore—it flows natively through DeFi pools, remittance rails, gaming platforms, and cross-border commerce.” USD1 and the Politics of Digital Dollars The launch of USD1, backed by World Liberty Financial and endorsed by Donald Trump, reshaped the stablecoin narrative. Its political branding and rapid adoption signal a new era where stablecoins are intertwined with state interests and national strategy. Daye calls USD1 “a political and market signal,” adding that if it gains wider distribution through exchanges, fintechs, and banks, it could pressure incumbents like USDC and USDT on transparency and fees. Sridhar frames it more broadly: “A former president branding a dollar stablecoin is the clearest signal yet that this is not fringe crypto—this is mainstream financial infrastructure.” By halting plans for a U.S. central bank digital currency (CBDC), Trump may have indirectly accelerated stablecoin adoption. Without a federal digital dollar, the market has turned to private, regulated alternatives to fill that void. In essence, the U.S. appears to be betting on stablecoins, not CBDCs, as its digital money standard. Investor Takeaway The launch of politically backed USD1 marks a pivotal shift — positioning private stablecoins, not CBDCs, as the U.S. bet for digital monetary leadership. A Regulatory Crossroads The regulatory landscape is shifting just as fast. The U.S. GENIUS Act—enacted earlier in July 2025—was the first major legislative framework for stablecoins, requiring issuers to maintain 1:1 backing with cash or Treasury assets, undergo audits, and operate under federal oversight. By establishing clear guardrails, the U.S. positioned itself as a global leader in stablecoin regulation. The GENIUS Act has since influenced countries worldwide to revisit their approaches. China is reportedly exploring yuan-backed stablecoins to promote international use of the renminbi, while South Korea is drafting laws to permit won-based stablecoins. Japan, Singapore, and India are building regulatory frameworks and innovation hubs to encourage stablecoin development. In Hong Kong, Standard Chartered, HKT, and Animoca Brands are seeking licenses for a Hong Kong dollar-backed stablecoin, and across Europe, the MiCA regime has set the stage for euro-denominated tokens. Still, as Sridhar warns, “Law alone is not liquidity.” For euro-based stablecoins to gain meaningful market share, banks must issue them at scale, and regulators must actively cultivate use cases across payments, trade, and remittances. The Path Ahead Whether stablecoins strengthen or dilute U.S. monetary dominance depends on how institutions and policymakers navigate the next phase. Daye argues that the outcome will be decided not by crypto startups but by banks and payment processors: “If the big acquirers and gateways add stablecoins at checkout or for B2B payouts, that’s when they go from niche to mainstream.” Sridhar agrees but frames it as an evolution of money itself: “Institutions don’t just provide credibility; they provide pipes, distribution, and regulatory air cover. Without them, stablecoins are a crypto sideshow. With them, they are the operating system of global finance.” Stablecoins may not overthrow the dollar, but they are redefining how it moves. What lies ahead is not a battle over who issues money, but who programs it—and whether the future’s financial rails remain unified or fragment into competing digital ecosystems. Investor Takeaway Stablecoin regulation is rapidly globalizing, with the U.S. GENIUS Act setting the pace for worldwide adoption and compliance. Conclusion The balance of power in global finance is no longer defined by reserve currencies but by digital liquidity. If regulated stablecoins keep expanding under frameworks like the GENIUS Act and MiCA, they could form the backbone of the next generation of money, linking traditional finance and blockchain into one programmable network.

A senior Ethereum core developer has ignited controversy by openly criticizing the network’s governance structure and the influence of its co-founder, Vitalik Buterin. Péter Szilágyi, the team lead for Geth, Ethereum’s main software client, accused the Ethereum Foundation and its leadership of consolidating decision-making power among a small group of individuals and venture capital firms. His comments have raised critical questions about whether Ethereum still lives up to its founding principle of decentralization. In a detailed letter published on social media, Szilágyi alleged that just five to ten people—alongside a handful of venture capital investors—effectively shape Ethereum’s long-term direction. He described this situation as a form of “protocol capture,” warning that the blockchain’s governance has drifted toward the kind of centralization it was designed to avoid. His statement quickly went viral, sparking widespread discussion among developers, investors, and the broader crypto community. Concerns over centralization and governance transparency The dispute highlights long-standing tensions within the Ethereum ecosystem over transparency and influence. Szilágyi’s remarks echo earlier concerns that the Ethereum Foundation’s decision-making process lacks openness and that Vitalik Buterin’s voice carries disproportionate weight in technical and strategic matters. Critics argue that this dynamic undermines the network’s decentralized ethos, while supporters maintain that leadership from experienced figures like Buterin is necessary to maintain cohesion and innovation. Adding to the controversy, Szilágyi pointed to the growing involvement of venture capital firms such as Paradigm, suggesting that financial interests could be influencing Ethereum’s roadmap. Several industry observers have echoed this sentiment, warning that Ethereum risks becoming more like a corporate entity than a community-driven project. Buterin responds and community debates intensify Vitalik Buterin responded publicly to the criticism, striking a conciliatory tone while defending Ethereum’s governance model. He emphasized that Ethereum’s protocol changes rely on community consensus and are not dictated by any single individual or organization. Buterin also acknowledged the value of dissenting opinions, stating that open debate is crucial for the ecosystem’s growth and evolution. Despite Buterin’s assurances, the developer community remains divided. Some agree with Szilágyi’s assessment that influence within Ethereum has become too concentrated, while others see his comments as an overstatement of internal dynamics. The incident has reignited a long-standing debate about how to balance leadership and decentralization within large blockchain networks. The controversy arrives at a pivotal moment for Ethereum, which continues to lead the decentralized finance (DeFi) and NFT sectors but faces mounting pressure from competitors like Solana and Avalanche. Analysts suggest that governance disputes could impact investor sentiment, particularly as Ethereum undergoes major upgrades to improve scalability and reduce fees. At the same time, the debate may strengthen Ethereum’s reputation for transparency, as open criticism from core developers demonstrates a willingness to confront uncomfortable truths. Whether this episode leads to meaningful governance reform remains to be seen, but it underscores a key challenge for Ethereum’s next phase: preserving its decentralized identity while maintaining efficient coordination and innovation.

eToro, the global trading and investing platform, has strengthened its Australian presence with the launch of AUD accounts and a series of new features tailored for local investors. The update allows users to deposit, hold, withdraw, and invest directly in Australian dollars, significantly reducing currency conversion costs and delivering a more seamless trading experience for Australian retail clients. Australian users can now fund trades in either AUD or USD, giving them flexibility and control over currency exposure. When trading ASX-listed stocks, they can avoid conversion fees entirely by using AUD balances. Additionally, eToro has introduced major discounts for AUD/USD conversions — with rates starting at 0.75% and dropping to as low as 0.15% depending on the user’s eToro Club tier — enhancing cost efficiency for cross-currency trading. Currently, eToro users in Australia can earn up to 4.05% interest on their USD balances. With the rollout of AUD accounts, they will soon also earn interest on AUD cash holdings. The platform will further expand its range of investment opportunities by adding over 200 new ASX-listed companies and integrating Spaceship Super within the eToro app, following its acquisition of Spaceship in 2024. Takeaway eToro’s launch of AUD accounts transforms the Australian trading experience, cutting conversion costs and offering local investors greater control, interest on balances, and expanded ASX access. “The introduction of AUD accounts is more than just a convenience,” said Doron Rosenblum, Executive Vice President, Business Solutions at eToro. “It enables Australian retail investors to reduce costs, manage currency exposure more effectively, and gain greater control over their trading experience. This, paired with innovations such as the recurring investments feature, ensures Australian eToro users have a real edge in markets.” Alongside AUD functionality, eToro has rolled out recurring investments for Australian users. This new feature allows investors to automatically purchase assets at regular intervals — ideal for building portfolios consistently without manual order placement. The option applies to stocks, ETFs, and cryptoassets, and helps promote disciplined, long-term investing habits among retail traders. Additionally, users will soon be able to deposit BTC, ETH, USDC, and XRP from external wallets, converting them to AUD for reinvestment across any of eToro’s available instruments. An upcoming Open Banking integration will also enable instant bank transfers directly within the app, allowing users to respond faster to market opportunities. Takeaway Recurring investments, crypto deposits, and instant bank transfers reflect eToro’s evolution into a full-service platform tailored to the habits and goals of modern Australian investors. “As we work to enhance our presence and offerings in Australia, our goal is to provide users with the best possible investing and money management experience,” said Robert Francis, Managing Director at eToro Australia. “This includes access to a variety of global products as well as features specifically designed to meet the needs of Australian investors.” The introduction of AUD accounts and new localized tools builds on eToro’s strategic expansion following its Spaceship acquisition. Soon, eToro users will be able to view and manage their Spaceship investments directly within the eToro app, integrating wealth and retirement management under a single digital roof. The update represents a key phase in eToro’s mission to combine the global reach of its 40 million-user platform with market-specific offerings that deliver meaningful value to local investors. With AUD accounts, reduced FX fees, interest-bearing cash balances, and seamless access to Australian equities, eToro has positioned itself as a leading choice for the country’s growing community of retail traders and investors. Takeaway By pairing global scale with local innovation, eToro’s Australia expansion reinforces its commitment to empowering investors with flexible, transparent, and locally optimized trading solutions.

The current week in the financial markets has been particularly interesting, as the “Super FOMO rally” for Gold persisted, driving the price of the metal to above $4300. Other markets wobbled without any significant development, with S&P500 having locked in the range between $6500 and $6700. For the present moment, Gold makes an unstoppable upward move for around 2 months in a row without significant corrections, which is the absolute record for many years. As the “fear of missing out” attitude moves to the retail sector, as people are building in queues to buy and sell physical Gold around the globe, the peak of the rally might be achieved soon. However, it’s difficult to predict the exact points of reversal, as the bullish trend  For the present moment, the main asset in the spotlight is Gold, which has made the unstoppable upward move for around 2 months in a row without significant corrections, which is the absolute record for many years. The “fear of missing out” attitude moves to the retail sector, as people are building in queues to buy and sell physical Gold around the globe. That might point to the potential peak of the rally to be achieved soon. However, it’s difficult to predict the exact points of reversal, as the bullish trend still persists. On Friday last week, the US president Donald Trump had softened the rethorics, stock indices have rebounded on Friday, sending S&P 500 to its best day since August. Gold and metals have corrected from peaks, displaying some relief for the “Super FOMO rally”. Performance of S&P500. Source: Bloomberg.com The government shutdown in the US still continues, which has put on hold some important economic publications, such as the US inflation, for example (the anticipated publication was on Oct 15th). The next date of the publication is scheduled Oct 24th.  This week, traders will look forward to speeches of several FED’s members, and the expected US inflation on Friday. The expected crude oil stocks change will be published on Wednesday. In this review, we will focus on several trading opportunities, which might potentially unfold this week. JPM The JP Morgan stock is testing the dynamic support area, moving inside of the 14-day swing from the peak of 29-th of September, 2025. The downside move may reverse off the support zone, as the swing is already mature, and according to statistical studies, directional moves rarely last for more than 16 days for this instrument. If volatility in the market would bounce back and the relief in rethorics from Donald Trump will improve the sentiment, markets may exhale this week, with a focus on the financial sector, and strong names such as JP Morgan. The expected target area may be around $309-310. USDCAD USDCAD is moving inside of a rising wedge above the dynamic support zone and may resume the upswing this week, as the US dollar index may get support after softening rhetoric of Donald Trump. Yields of 30-year bonds of Canada have declined, but with less volatility than for the US treasuries. The weakness of Crude oil futures pressures CAD against the USD, and focuses traders on the long side of USDCAD in the near future. The position of the price of USDCAD is above 200-day moving average, which boosts the bullish momentum for this currency pair. Disclaimer: This sponsored market analysis is provided for informational purposes only. We have not independently verified its content and do not bear any responsibility for any information or description of services that it may contain. Information contained in this post is not advice nor a recommendation and thus should not be treated as such. We strongly recommend that you seek independent financial advice from a qualified and regulated professional, before participating or investing in any financial activities or services. Please also read and review our full disclaimer.

Bitcoin (BTC) is trading near $107,788 at press time, reflecting a slight decline of 0.03% over the past 24 hours. Despite a modest rebound from recent lows, the leading cryptocurrency faces strong resistance near the $114,000–$116,000 range, where many traders expect the next major breakout or rejection to occur. Technical indicators suggest that Bitcoin remains under mild selling pressure. The 20-day and 50-day exponential moving averages, both around $114,000, continue to act as resistance. Meanwhile, the 200-day moving average, currently hovering around $107,500, is a crucial level that could define Bitcoin’s mid-term trend direction. The Relative Strength Index (RSI) sits near 34, signaling weak momentum but not yet entering oversold territory. Other momentum gauges such as the Rate-of-Change (ROC) also indicate negative pressure, suggesting that the recent downward trend has not fully reversed. However, the Commodity Channel Index (CCI) has begun flashing early “buy” signals, hinting at a possible short-term rebound if support levels hold. Support remains firm between $101,000 and $104,000, where buyers previously stepped in to defend against further losses. A sustained break below this range could expose Bitcoin to a deeper pullback toward the mid-$90,000s. Conversely, a clear move above $116,000 could reignite bullish momentum and open the path toward $122,000 or higher. Overall, Bitcoin’s technical landscape points to consolidation within a narrow trading range. Bulls are likely to regain control only if price and volume confirm a decisive breakout above resistance. Until then, market participants remain cautious, watching whether support levels can withstand ongoing macro and liquidity pressures in the broader risk asset markets. Ethereum (ETH) is trading around $3,864 as market sentiment cools following recent volatility across major cryptocurrencies. Despite holding above key long-term support, Ethereum’s short-term technical indicators point to subdued momentum and consolidation within a narrow range. The 20-day and 50-day exponential moving averages, currently near $4,166 and $4,209 respectively, sit above the spot price—indicating mild bearish pressure in the near term. However, the 200-day simple moving average remains far lower around $3,172, suggesting that the broader uptrend remains structurally intact. Analysts note that this divergence between short- and long-term averages often signals a pause rather than a full reversal in trend direction. Momentum indicators reinforce the cautious tone. The Relative Strength Index (RSI) is hovering around 40, showing neither strong buying nor selling conviction. The Average Directional Index (ADX) also remains subdued in the low-to-mid 20s, pointing to a weak trend environment. Meanwhile, the Commodity Channel Index (CCI) has entered early “buy” territory, suggesting a potential short-term reversal if support levels hold. Support is currently found in the $3,800–$4,000 zone, where buyers have consistently defended against deeper declines. A drop below this range could expose Ethereum to further downside toward $3,500. On the upside, resistance remains at $4,200–$4,300, a key threshold that must be cleared to confirm renewed bullish momentum and a potential move toward $4,600 or higher. In summary, Ethereum appears to be stabilizing after recent weakness. The broader trend remains constructive, but traders are watching closely for a breakout above resistance or a breakdown below support to determine the asset’s next directional move in an increasingly cautious crypto market.

On 26 September, we highlighted that Apple (AAPL) shares were approaching a new peak. Less than a month later, that projection has been confirmed: according to the latest chart data, AAPL jumped over 4% on Wednesday, breaking through its December 2024 high. This marks: → a fresh all-time high for the stock; → Apple reclaiming second place in global market capitalisation (moving ahead of Microsoft, with Nvidia still in first). What’s Driving Apple’s Rally? → Strong iPhone 17 demand. Counterpoint Research reports that sales of the new iPhone 17 series in the US and China exceeded last year’s iPhone 16 performance by 14% during the first ten days. Analysts attribute the success to noticeable upgrades offered at the same price point, which is prompting many consumers to upgrade earlier than expected. → Upbeat analyst sentiment. Loop Capital has upgraded Apple to Buy with a target price of $315, citing the beginning of a “major upgrade cycle”. The firm expects the current momentum in shipments to remain strong through 2027, suggesting a multi-year growth phase rather than a short-term rally. Investor optimism is also being lifted by the approach of Apple’s quarterly earnings release and the holiday shopping season, which historically boosts sales of the latest iPhone models. Technical Overview: Apple (AAPL) Since early 2025, Apple’s share price has been trading within a wide upward channel (highlighted in blue). Notably: → The channel’s median line acted as key support in mid-October; → The latest surge has pushed the stock into the upper quarter of this channel. From a bullish standpoint: → The session opened with a strong upside gap (see arrow), and buying activity remained heavy through the day, confirming robust demand. → The $250 level appears to be shifting from resistance to potential support. → The stock is trending within a steeper ascending sub-channel (marked in orange). From a bearish perspective: → The RSI indicator signals overbought conditions; → Some profit-taking at record levels could temporarily weigh on the price. In summary, while Apple’s fundamental outlook remains strong, the recent surge may lead to short-term consolidation. A brief correction towards the bullish gap zone or the orange channel lines (solid or dashed) would be consistent with a healthy continuation pattern within the broader uptrend. FXOpen offers spreads from 0.0 pips and commissions from $1.50 per lot. Enjoy trading on MT4, MT5, TickTrader or TradingView trading platforms! The FXOpen App is a dedicated mobile application designed to give traders full control of their accounts anytime, anywhere. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. Disclaimer: This sponsored market analysis is provided for informational purposes only. We have not independently verified its content and do not bear any responsibility for any information or description of services that it may contain. Information contained in this post is not advice nor a recommendation and thus should not be treated as such. We strongly recommend that you seek independent financial advice from a qualified and regulated professional, before participating or investing in any financial activities or services. Please also read and review our full disclaimer.

The Enforcement Directorate (ED) has frozen cryptocurrency assets worth Rs 2,385 crore linked to the alleged OctaFX scam in India. The move comes as part of a widening investigation into one of the country’s largest online trading frauds, where the agency says thousands of investors were misled through illegal foreign exchange trading platforms. The ED’s Mumbai Zonal Office announced that the assets were provisionally attached under the Prevention of Money Laundering Act (PMLA). Authorities stated that these assets, held across various digital wallets and exchanges, were traced to entities connected with OctaFX, which allegedly operated without proper regulatory authorization. The agency also confirmed the arrest of the main accused, Pavel Prozorov, in Spain, describing it as a significant breakthrough in the ongoing international operation. Expanding investigation and prior seizures According to the ED, OctaFX and its associates orchestrated a large-scale fraud that deceived Indian investors of approximately Rs 1,875 crore between July 2022 and April 2023. The platform allegedly attracted users by offering high-yield forex trading returns while secretly diverting investor funds through complex networks of shell companies and cryptocurrency channels. Investigators revealed that OctaFX operated in India under multiple aliases, masking its offshore origins to avoid regulatory detection. Prior to the recent crypto attachment, the ED had already seized assets worth over Rs 296 crore, including luxury houses, boats, and a yacht in Spain. In July 2025, the agency confirmed the attachment of properties valued at Rs 131 crore, followed by an update in June noting cumulative seizures of Rs 160.8 crore. With the latest action, the total value of attached and frozen assets in the OctaFX case now stands at Rs 2,681 crore. Officials said the attachment order reflects the ED’s ongoing efforts to trace and freeze proceeds of crime derived from online trading scams targeting Indian citizens. The investigation has also uncovered the use of cryptocurrency as a laundering mechanism, with several wallet addresses linked to offshore accounts. International cooperation and legal implications The arrest of Pavel Prozorov in Spain came after extensive coordination between Indian enforcement agencies, Interpol, and Spanish authorities. The ED is now working to secure Prozorov’s extradition and recover investor funds siphoned abroad. Officials added that the case underscores the growing challenge of policing cross-border financial crimes involving digital assets. The ED’s case against OctaFX has broader implications for the fintech sector, particularly regarding unregulated trading and investment platforms operating in India. The Reserve Bank of India (RBI) and the Ministry of Finance have repeatedly warned investors to avoid dealing with offshore forex platforms that are not authorized under Indian law. These platforms often use aggressive marketing and social media campaigns to attract retail traders, bypassing domestic regulations. With the latest crackdown, the ED has expanded its focus to digital assets and cross-border money flows associated with illegal forex trading. Authorities emphasized that such enforcement actions aim to protect retail investors and maintain financial integrity within India’s rapidly evolving digital economy. The investigation into the OctaFX scam remains active, with more seizures and arrests expected as the probe deepens.

Institutional flows into cryptocurrency exchange-traded funds (ETFs) continued to decline on Monday, October 20, with both Bitcoin and Ethereum products recording sizable net outflows. The latest data underscores growing caution among professional investors and fund managers as digital asset markets lose momentum heading into the final quarter of the year. According to data from Farside Investors and The Block, U.S.-listed spot Bitcoin ETFs registered approximately $40.5 million in net outflows on Monday, marking the fourth consecutive day of negative movement. The series of redemptions suggests that traders and institutions are scaling back exposure amid a tightening macroeconomic backdrop and lingering market volatility. Ethereum ETFs saw an even sharper drawdown, with roughly $145 million in net outflows across multiple issuers. The persistent selling pressure indicates waning confidence in short-term price stability for the second-largest cryptocurrency, which has underperformed Bitcoin over the past month. Sustained ETF outflows reflect broader caution Analysts suggest that the streak of outflows reflects broader risk aversion across both digital and traditional asset classes. The recent slump in ETF inflows coincides with declining spot trading volumes, lower open interest in crypto futures, and a pullback in speculative activity. Bitcoin’s recent price action — struggling to maintain support above $65,000 — has further dampened enthusiasm among short-term investors. Major funds such as BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded modest daily inflows, but these were outweighed by heavier redemptions from other ETF products. The net result was a continued erosion of total Bitcoin ETF assets under management (AUM) for the week, bringing aggregate holdings to their lowest levels in over a month. Ethereum ETF performance adds to market uncertainty The newly launched Ethereum spot ETFs, once heralded as a potential catalyst for broader institutional adoption, have also struggled to gain traction. With combined outflows exceeding $140 million on Monday alone, investor interest has softened significantly. Analysts attribute this to profit-taking following early inflows, coupled with a cautious stance toward ETH’s price trajectory and a lack of near-term catalysts. The broader digital asset market has been shaped by macroeconomic concerns, including persistent inflation data, shifting expectations around Federal Reserve interest rate policy, and reduced liquidity conditions across risk assets. These factors have collectively contributed to a slowdown in institutional participation, even as long-term sentiment toward blockchain adoption remains positive. Despite the recent downturn in ETF flows, total crypto ETF AUM remains well above mid-year levels, reflecting enduring institutional engagement with the sector. Industry observers note that the sustained presence of major asset managers such as BlackRock, Fidelity, and Franklin Templeton signals a foundational shift toward mainstream financial integration of digital assets. Market strategists anticipate ETF flows will continue to fluctuate in the short term, driven by macroeconomic developments and Bitcoin’s technical performance. However, if prices stabilize and trading volumes recover, renewed inflows could emerge as investors reposition for the next market cycle. For now, the negative flow streak serves as a reminder of the crypto market’s sensitivity to shifting investor sentiment and broader risk conditions.

When you stake crypto, you’re basically locking your coins into a network to keep it running smoothly and earn rewards. The tradeoff is that once staked, your crypto is stuck therefore, you can’t use it anywhere else until you unstake it. However, liquid restaking solves that problem. It lets you stake your coins but still get a liquid token in return. The liquid token is like a digital receipt that represents your staked crypto. You can then use that token to earn even more rewards on other DeFi platforms. In this guide, we’ll review six of the best liquid restaking protocols for 2025. Key Takeaways • Liquid restaking means putting your liquid staking token into another protocol to earn extra rewards. • Protocols differ in security, yield, liquidity, supported assets, and ease of use. • The six discussed here are among the most adopted in 2025. • Large TVL gives some assurance but does not eliminate protocol risk. • Always understand withdrawal mechanics, slashing risk, audits, and contract exposure. 6 Top Liquid Restaking Tokens for 2025 1. Ether.fi Ether.fi is the largest liquid restaking hub on Ethereum, with a TVL often exceeding $9–10 billion. It supports multiple staking paths, integrates smoothly with DeFi, and is known for its security. For users seeking a reliable, high-scale option, Ether.fi is a top choice. 2. Kelp DAO Kelp DAO’s TVL sits in the low billions, making it one of the more established restaking protocols. It supports major LSTs like stETH and ETHx and integrates well with DeFi platforms, offering users both rewards and airdrop opportunities. Its ease of use makes it appealing for many stakers. 3. Renzo Protocol Renzo acts as both a restaking protocol and a strategy manager, routing restaked tokens across validators and strategies to optimize yield. While its TVL is smaller than Ether.fi, its automation and flexible strategies make it interesting for users who seek yield optimization. 4. Puffer Finance Puffer Finance offers modular restaking across multiple chains, focusing on emerging liquid staking tokens. Its TVL is steadily growing, appealing to users who want to navigate beyond mainstream protocols. Liquidity and maturity aren’t yet top-tier, but it’s a promising platform to watch. 5. EigenPie EigenPie is an open-access, composable restaking protocol built on EigenLayer. It emphasizes flexibility and security, letting users maximize returns across different staking strategies. Its innovative, early-adopter-focused approach makes it a strong experimental option in the LRT space. 6. EigenLayer EigenLayer underpins much of the liquid restaking ecosystem. While it doesn’t issue LRTs itself, many protocols rely on it. By 2025, it secures billions of dollars in ETH and LSTs, enabling decentralized restaking and forming the backbone of the emerging restaking landscape. Conclusion Liquid restaking is pushing DeFi into a new phase where staked assets don’t have to sit idle. It gives users more freedom to use their crypto while still earning rewards, creating a smarter and more flexible system. As the market grows, liquid restaking could become a key part of how people manage and grow their crypto.  

British Columbia has announced sweeping new legislation to restrict electricity use by artificial intelligence (AI) data centers and permanently ban new power connections for cryptocurrency mining operations. The province’s move, revealed on Monday, positions B.C. as one of the first regions in North America to directly limit power allocation for high-demand digital industries. The new policy mandates that BC Hydro, the provincial utility, will introduce a competitive process in January 2026 to allocate limited power capacity among AI and data center operators. The government has set aside an initial 300 megawatts (MW) for AI-related projects and 100 MW for general data center operations over a two-year period. This structured allocation aims to ensure that B.C.’s clean energy grid supports sustainable economic growth rather than speculative or energy-intensive activities like crypto mining. Officials say the decision reflects B.C.’s broader commitment to environmental sustainability and grid stability. The province, known for its abundant hydropower, has faced rising pressure from growing demand linked to AI model training, cloud computing, and digital asset mining. Balancing innovation with sustainability “This policy ensures British Columbia’s clean energy is directed toward projects that support our long-term climate and economic goals,” said a spokesperson for the Ministry of Energy, Mines and Low Carbon Innovation. “We’re prioritizing industries that create jobs, drive innovation, and align with our clean energy future.” The province cited the crypto-mining industry’s low job creation and outsized energy consumption as the main drivers behind its decision to make the temporary 2022 moratorium on mining connections permanent. Since then, applications for crypto-related grid access have been on hold while the province evaluated the sector’s impact on its clean energy capacity. By contrast, AI and data centers are seen as strategic sectors that can contribute to economic diversification if their power use is efficiently managed. Companies will be required to demonstrate energy efficiency, job creation potential, and alignment with B.C.’s sustainability targets to qualify for access to new power allocations. Industry implications and future impact The legislation is expected to reshape how AI firms and tech companies build infrastructure across Canada. Existing operators will continue to receive service, but expansion plans may be constrained by limited new capacity. Analysts say this could encourage investment in renewable microgrids or other provinces with fewer energy restrictions. Bloomberg and CoinDesk both reported that B.C. intends to assess applications for the new power allotments based on clear metrics, including local investment and community benefit. The first round of allocations will begin in January 2026, with results expected later that year. British Columbia’s move comes amid growing global scrutiny of the environmental impact of digital industries. As AI model training and crypto mining drive up global energy use, more governments are exploring regulatory frameworks to balance innovation with energy conservation. With its clean power strategy and structured allocation process, British Columbia is positioning itself as a model for sustainable technology development.

The economy is rapidly transforming, and to stay competitive, you have to be able to send and receive payments internationally.  Distance is no longer a barrier to intercontinental business. International travel is now both accessible and affordable. Global communication and commerce have become remarkably efficient due to advancements in technology and data transfer speeds. Official numbers also seem to reinforce this trend. According to the European Central Bank, the world’s cross-border economy is rapidly growing, with transactions estimated to reach $320 trillion USD by 2032. The same report notes that international transaction volumes are growing much faster than global GDP growth. Cross-border transactions are also omnipresent, playing a significant role in client-to-business, business-to-client, and business-to-business exchanges conducted by both private and corporate entities.    We are part of a “New Economy”, a term that was coined by Time Magazine’s Charles P. Alexander in 1983. Although his forecast despondently stated that the “…fall of the blue-collar worker…paved the way for the forthcoming Dot Com Bubble.” In reality, there wasn’t a replacement or a fall so much as a new type of work or perhaps even a new approach to work was created. At the center of this New Economy are today’s borderless workers: digital nomads, freelancers, contract workers, and e-commerce entrepreneurs.    Practically anyone who offers a digital service, from developers to designers, can work from anywhere in the world for anyone in the world. Solutions for the Financial Challenges of Digital Nomads The “new economy” represents a shift away from traditional forms of economic activity to contracted, freelance, and remote work. Through rapid technological advances, people are no longer tethered to physical locations, and nations around the world are taking notice. Currently, a total of 73 countries offer a “Digital Nomad” visa. The specific immigration status enables individuals to reside in one of these 73 countries while working in a different location. These visas are extremely attractive because they offer various benefits, including lower taxes than those of the digital nomad’s original domicile. It is also an amazing opportunity for people to experience different cultures while earning an income. In certain cases, this type of work can secure a digital nomad a higher-than-average salary compared to those offered in the host country and, in combination with lower living costs (as a consequence) than those of their home country, can result in an overall better quality of life. Although this lifestyle sounds very attractive, there are a few potential issues to consider. One of the first obstacles a digital nomad may encounter is a lack of access to personal banking. Opening a bank account in some countries involves extensive bureaucracy, official verification of documents through embassies or consulates, and inconvenient footwork. Additionally, if you don’t have local physical currency upon arrival, you may encounter significant difficulties covering day-to-day expenses. Some digital nomads who travel frequently may not even have a physical address to use when opening an account. Once you start working, you may encounter another obstacle: your employer pays in a currency that’s different from the local currency. That means you have income but can’t use those funds where you live. All of these potential problems can be easily avoided, though, with a multicurrency account. Borderless Personal Banking Many digital or challenger banks’ products and services can be a simple way to solve the issues a digital nomad may encounter when getting paid in one country and living in another. A multicurrency account connected to a debit card enables non-domestic employees, contract workers, and remote workers to access their funds securely and quickly, regardless of their location*. *Certain limitations may exist due to international laws and regulations. Freelancers, Contract, and Remote Worker Benefits As a freelancer, contract worker, or remote worker, you may not work outside your home country, but your clients or employer might be based abroad. If they pay you in their own currency, such as the British Pound, exchanging it through traditional banking institutions can carry both hidden and high transaction fees. Additionally, if you are a freelancer or contract worker, having a multicurrency account can significantly enhance your clients’ experience. No more delays, rejections, or other inconveniences that are usually associated with transferring funds from abroad to a traditional bank account. It also benefits you by greatly shortening the time between receiving payment and accessing your funds. If you manage an e-commerce business, then the ability to accept and process payments and purchases in multiple currencies is of immense value. A Comparison of Digital Banks and Multicurrency Accounts Fortunately, there is a long list of digital banks currently offering personal accounts that would be a good choice for digital nomads, freelancers, and remote and contract workers. BankPro, Nubank, Monzo, and Starling Bank all offer accounts that support international currency transactions and feature a credit or debit card. Here’s a breakdown of their features: Feature Starling Bank Monzo Nubank BankPro Type Digital Bank Digital Bank Brazilian digital bank Offshore Digital Private Bank Personal Accounts Yes – Free GBP Current Account Yes – Free GBP Current Account Yes – Free BRL Digital Account Yes – Multicurrency Account 20+ currencies Business Accounts Yes – Business & Sole Trader Accounts Yes – Business Account Not yet available Yes – Business Account Cards Debit Mastercard Debit Mastercard Credit Card (main product) Platinum Visa Daily/Monthly Transfer Limits Up to £10,000 (or the equivalent in other currencies) per day on the card. £100 per contactless payment in the UK. Card payments (in-person & online): Up to £10,000 per day Bank transfers (Faster Payments, Monzo-to-Monzo, Wise/International): Up to £10,000 per day Cash withdrawals via debit card: Up to R$ 3,000 per 24 h period ATM usage incurs a fee of R$ 6.50 per withdrawal (Banco 24Horas/TecBan network) Unlimited transfers and card spending International Payments Yes, with fees (via Wise integration) Yes, with fees (via Wise) Limited to BRL transactions Low-fee multicurrency transfers Foreign Currency Cards No fees abroad (Mastercard FX rates) No fees abroad up to limits No FX fee within credit card’s limits Zero FX markup Interest on Balance Small interest on balances Small interest on savings On credit card revolving balance (if unpaid) Competitive savings rates In-app Support 24/7 Chat Support 24/7 Chat Support 24/7 Chat Support 24/7 Chat Unique Perks Kite card for kids, multi-currency, overdrafts Joint accounts, salary advance Strong credit card rewards, fee transparency One account can hold 20+ currencies (EUR, USD, GBP, CHF, JPY, and more). No limits on transactions Regions Available UK & EEA UK & EEA Brazil, Mexico, Colombia Global* Physical Branches Digital only Digital only Digital only Digital only Starling Bank Type: Digital Bank Personal Accounts: Yes – Free GBP Current Account Business Accounts: Yes – Business & Sole Trader Accounts Cards: Debit Mastercard Daily/Monthly Transfer Limits: Up to £10,000 (or the equivalent in other currencies) per day on the card; £100 per contactless payment in the UK International Payments: Yes, with fees (via Wise integration) Foreign Currency Cards: No fees abroad (Mastercard FX rates) Interest on Balance: Small interest on balances In-app Support: 24/7 Chat Support Unique Perks: Kite card for kids, multi-currency, overdrafts Regions Available: UK & EEA Physical Branches: Digital only Monzo Type: Digital Bank Personal Accounts: Yes – Free GBP Current Account Business Accounts: Yes – Business Account Cards: Debit Mastercard Daily/Monthly Transfer Limits: Card payments (in-person & online): Up to £10,000 per day Bank transfers (Faster Payments, Monzo-to-Monzo, Wise/International): Up to £10,000 per day International Payments: Yes, with fees (via Wise) Foreign Currency Cards: No fees abroad up to limits Interest on Balance: Small interest on savings In-app Support: 24/7 Chat Support Unique Perks: Joint accounts, salary advance Regions Available: UK & EEA Physical Branches: Digital only Nubank Type: Brazilian digital bank Personal Accounts: Yes – Free BRL Digital Account Business Accounts: Not yet available Cards: Credit Card (main product) Daily/Monthly Transfer Limits: Cash withdrawals via debit card: Up to R$ 3,000 per 24h period ATM usage incurs a fee of R$ 6.50 per withdrawal (Banco 24Horas/TecBan network) International Payments: Limited to BRL transactions Foreign Currency Cards: No FX fee within credit card’s limits Interest on Balance: On credit card revolving balance (if unpaid) In-app Support: 24/7 Chat Support Unique Perks: Strong credit card rewards, fee transparency Regions Available: Brazil, Mexico, Colombia Physical Branches: Digital only BankPro Type: Offshore Digital Private Bank Personal Accounts: Yes – Multicurrency Account (20+ currencies) Business Accounts: Yes – Business Account Cards: Platinum Visa Daily/Monthly Transfer Limits: Unlimited transfers and card spending International Payments: Low-fee multicurrency transfers Foreign Currency Cards: Zero FX markup Interest on Balance: Competitive savings rates In-app Support: 24/7 Chat and AI Advisor Unique Perks: One account can hold 20+ currencies (EUR, USD, GBP, CHF, JPY, and more), no limits on transactions Regions Available: Global* Physical Branches: Digital only The value of not being limited to traditional banking services is immense, especially for individuals who work internationally. With digital banking, you can travel and work freely while always having access to your funds. Easy cross-border transactions enable you to serve your clients more easily, quickly, and cost-effectively. Additionally, it is practically impossible to stay relevant and competitive as a digital worker without the support of a secure, credible digital bank and multicurrency account. Finally, low fees and unlimited transactions are crucial. The first, low fees, ensure you keep as much of your hard-earned money as possible (no matter what currency it’s in). The second, unlimited transactions, means that you can earn as much as you can when you can, because as we know, freelance work can have ebbs and flows of activity. If you don’t have a multicurrency account, now might be a great time to consider one, and hopefully, this article has helped you gain a deeper understanding of what the market has to offer.

Greenlane Holdings (Nasdaq: GNLN) has announced a $110 million private placement to establish a blockchain-based digital asset treasury centered around Berachain’s BERA token. The initiative, branded as BeraStrategy, marks the company’s first significant move into decentralized finance (DeFi) and on-chain asset management, signaling a transformative pivot from its traditional operations. The private placement, led by prominent institutional investors including Polychain Capital, Blockchain.com, Kraken, North Rock Digital, CitizenX, and dao5, will provide Greenlane with a diversified mix of both fiat and digital holdings. According to the official press release, the structure includes approximately $50 million in cash and cash equivalents and around $60 million in BERA tokens. Shares are priced at $3.84, while pre-funded warrants are set at $3.83. The transaction is expected to close on or around October 23, 2025. Strategic expansion into blockchain assets The move represents a strategic expansion for Greenlane Holdings, a company historically recognized as a leading distributor of cannabis accessories. With the creation of BeraStrategy, Greenlane aims to integrate blockchain technology into its corporate treasury management and establish a foothold in the rapidly evolving digital asset landscape. The BeraStrategy division will actively manage the company’s holdings in BERA tokens, leveraging on-chain governance and yield opportunities within the Berachain ecosystem. Ben Isenberg, who previously held an executive position at Greenlane, will assume the role of Chief Investment Officer for BeraStrategy. He will oversee the management and execution of the treasury’s crypto allocation. The company also announced that Bruce Linton, a veteran in the cannabis and emerging industries sectors, will join as Board Chair, while Billy Levy will take a seat on the board to support the company’s digital transition. Market and investor reactions The announcement of Greenlane’s entry into the cryptocurrency sector has stirred notable activity in its stock, with GNLN shares experiencing increased volatility following the news. Market analysts have described the initiative as a bold yet calculated risk, potentially positioning Greenlane as a pioneer among U.S.-listed companies exploring direct exposure to blockchain-native assets. Berachain’s BERA token has drawn significant attention within the DeFi community for its innovative proof-of-liquidity consensus mechanism. This model rewards liquidity providers and long-term participants with governance power and yield opportunities, aligning with Greenlane’s vision of sustainable on-chain growth. The Berachain Foundation’s endorsement of Greenlane’s BERA treasury adds institutional credibility to the initiative. Greenlane stated that funds from the private placement will be used to acquire BERA tokens through a mix of open-market and over-the-counter (OTC) transactions. This hybrid acquisition approach aims to balance liquidity management and minimize market impact while accumulating a substantial on-chain position. By anchoring its new digital asset strategy around Berachain, Greenlane Holdings is not only diversifying its treasury but also signaling its belief in the future of decentralized finance. The move places Greenlane among the first publicly traded firms to hold blockchain-native assets as a central component of its corporate balance sheet, reflecting a broader shift toward on-chain financial infrastructure.

Wyoming has officially launched its state-issued Frontier Stable Token (FRNT) across seven major blockchains: Ethereum, Solana, Avalanche, Arbitrum, Optimism, Polygon, and Base. This multi-chain rollout highlights the state’s leadership in blockchain innovation and regulatory clarity within the United States. The FRNT token, developed under the Wyoming Stable Token Commission, is a fully reserved, dollar-redeemable stablecoin backed by U.S. dollars and short-term Treasury bills. Under state law, it maintains a 102 percent reserve requirement, ensuring that every token is over-collateralized and legally protected. The reserves are held in trust under Wyoming jurisdiction, offering holders legal security and transparency uncommon in privately issued stablecoins. State officials describe FRNT as the next evolution in compliant stablecoin design — one that merges blockchain efficiency with traditional financial safeguards. By leveraging state-level regulation, Wyoming aims to prove that digital money can operate within the U.S. financial system while maintaining the open-access benefits of decentralized technology. A pilot deployment has issued approximately 700,000 FRNT tokens across the seven supported blockchains, with 100,000 tokens on each network. The pilot phase will be followed by broader access once compliance audits and network integrations are completed. During this phase, Wyoming is monitoring how FRNT interacts with decentralized finance (DeFi) applications across multiple ecosystems. Cross-chain infrastructure and enterprise partnerships Wyoming has partnered with top-tier blockchain infrastructure providers to power FRNT’s cross-chain functionality. Interoperability protocol LayerZero connects the seven networks, enabling seamless movement of tokens between chains. Enterprise-grade custody provider Fireblocks supplies secure management tools for institutions and treasury operators. Reports also suggest that Visa may play a role in future phases, offering payment integrations that allow FRNT to function within global transaction networks. This cross-chain architecture positions FRNT as one of the most technologically advanced public-sector stablecoins. By deploying across several leading blockchains, Wyoming ensures redundancy, accessibility, and broader integration with the growing DeFi and on-chain finance sectors. A blueprint for public-sector digital currency The Frontier Stable Token represents years of legislative groundwork in Wyoming’s digital asset ecosystem. The state previously led the nation in creating legal frameworks for decentralized autonomous organizations (DAOs) and establishing special-purpose depository institutions (SPDIs) to serve blockchain-based businesses. If the FRNT program achieves broad adoption, it could set a precedent for other U.S. states exploring blockchain-based public finance. The token’s transparent reserve system and regulatory compliance make it a model for future government-backed stablecoins seeking to bridge traditional financial systems and decentralized infrastructure. By combining legal certainty, technological sophistication, and a multi-chain rollout, Wyoming’s Frontier Stable Token underscores the state’s commitment to shaping the next era of digital money. As testing expands and adoption grows, FRNT could redefine how U.S. state governments engage with blockchain-based financial innovation.

BitMine Immersion Technologies (NYSE: BMNR) has made another major move in the cryptocurrency market, purchasing 203,800 Ether (ETH) last week in a deal valued at approximately $700 million. The acquisition, completed during the week ending October 19, 2025, increases BitMine’s total Ethereum holdings to roughly 3.24 million ETH, making it one of the largest corporate holders of Ethereum worldwide. Strategic accumulation during market consolidation BitMine’s latest accumulation represents a key phase in its broader strategy to deepen exposure to Ethereum and the decentralized finance (DeFi) ecosystem. The company’s 3.24 million ETH position now accounts for around 2.7% of the cryptocurrency’s circulating supply. With a combined portfolio value exceeding $1.34 billion in crypto and cash reserves, BitMine’s aggressive acquisition signals growing institutional conviction in Ethereum’s long-term potential. The purchase coincided with a period of moderate price retracement in the broader crypto market, allowing BitMine to accumulate ETH at a relatively discounted average price. Analysts view the timing as a strategic play designed to capitalize on short-term volatility while strengthening long-term balance sheet resilience. Industry commentators have also suggested that the accumulation aligns with a broader institutional trend of accumulating ETH for staking, liquidity provisioning, and portfolio diversification. Impact on Ethereum markets and institutional sentiment BitMine’s massive purchase comes amid renewed optimism surrounding Ethereum’s post-merge ecosystem and scaling roadmap. With staking yields providing sustainable on-chain returns, institutional investors are increasingly viewing ETH as a dual-purpose asset—offering both capital appreciation potential and passive income generation through validator participation. Market observers believe BitMine’s growing position could increase liquidity depth across staking pools and Layer-2 protocols. Reports from Blockonomi and Cointelegraph indicate that the firm had already added more than 202,000 ETH the prior week, with the latest figures reflecting an additional 1,800 ETH accumulated as settlements finalized. The sustained buying pattern underscores BitMine’s commitment to establishing a dominant position within the Ethereum market—potentially paving the way toward its rumored goal of controlling up to 5% of the network’s circulating supply. BitMine’s continued expansion into Ethereum reflects a larger industry narrative of institutional adoption driving on-chain liquidity and decentralization. As global markets prepare for potential spot Ether ETF approvals and regulatory clarity in the United States, the company’s accumulation strategy positions it favorably for both yield opportunities and potential capital inflows. The move also signals a shift in institutional priorities away from Bitcoin-centric portfolios toward a more diversified digital asset strategy anchored in Ethereum’s smart contract ecosystem. If BitMine continues accumulating at its current pace, it could emerge as one of the defining corporate players in Ethereum’s next growth cycle. With over 3.24 million ETH now under management, BitMine Immersion Technologies is positioning itself as a central force in the institutionalization of Ethereum. Its growing footprint reinforces confidence in the blockchain’s economic sustainability—and highlights a broader market transition toward proof-of-stake dominance and decentralized financial infrastructure.

Wall Street is once again testing the boundaries of risk as issuers race to launch 5x leveraged exchange-traded funds (ETFs). The proposed funds, filed by firms such as Volatility Shares, would allow traders to amplify returns fivefold on a daily basis—an unprecedented level of leverage in U.S. markets. If approved, these 5x leveraged ETFs could redefine speculative investing and dramatically reshape the risk landscape for retail traders. According to recent filings, the proposed ETFs aim to deliver five times the daily performance of underlying indices or assets. These products would significantly increase both potential profits and losses, multiplying market exposure and volatility. While existing leveraged ETFs at 2x and 3x exposure are already available to investors, the leap to 5x leverage represents a bold escalation that has caught the attention of regulators and market watchers alike. Regulatory uncertainty and investor protection concerns The U.S. Securities and Exchange Commission (SEC) has not yet approved any 5x leveraged ETF, citing ongoing reviews under Rule 18f-4, which governs derivatives use by registered investment companies. The rule aims to limit excessive leverage and protect retail investors from complex products with asymmetric risk profiles. SEC staff members have expressed concerns that ultra-leveraged funds could pose systemic risks or mislead inexperienced investors about their potential returns. The approval process has been slowed by administrative challenges, including recent government shutdowns. While some issuers remain optimistic about eventual clearance, many analysts believe the SEC will apply rigorous scrutiny before allowing 5x leveraged ETFs to reach public markets. Market risks and trading implications Leverage has long been a double-edged sword for traders. A 5x leveraged ETF would magnify both daily gains and losses, meaning a 1% move in the underlying index could translate into a 5% swing for investors. This effect can quickly erode capital if the market moves in the opposite direction, particularly when held over multiple days. Analysts warn that such instruments are best suited for short-term traders who fully understand the risks and compounding dynamics involved. Critics also argue that introducing 5x ETFs could exacerbate volatility in broader markets. Leveraged products often require frequent rebalancing, which can amplify intraday swings and affect the prices of underlying assets. This has raised questions about whether these funds align with the SEC’s investor protection goals. In Europe, exchanges such as the London Stock Exchange already list 5x exposure exchange-traded products (ETPs) under issuers like Leverage Shares. These instruments are not regulated as U.S. ETFs, allowing issuers more flexibility in product design and leverage limits. The presence of 5x ETPs overseas highlights a growing appetite among traders for extreme leverage, even as regulators in the U.S. proceed with caution. The debate around 5x leveraged ETFs underscores a broader tension between innovation and regulation in financial markets. Proponents claim these funds provide sophisticated traders with efficient exposure and hedging tools, while opponents warn they could encourage speculative excess and lead to steep investor losses. If approved, 5x leveraged ETFs could usher in a new era of high-risk, high-reward trading in the United States. However, the final decision will hinge on whether regulators believe investors—and the market itself—are ready to handle the volatility these products would unleash.

Talks With Cohen & Company Blockchain.com, one of the oldest names in crypto infrastructure, is exploring a public listing through a merger with a special-purpose acquisition company (SPAC), according to people familiar with the matter. The move would make it the latest digital-asset firm to test U.S. markets as investor appetite revives. CoinDesk reported that the company has held preliminary discussions with potential partners and appointed Cohen & Company Capital Markets as adviser. Both firms declined to comment. A listing through a SPAC would offer a faster route to market than a traditional IPO, allowing management to present forward-looking financial projections—an option favored by growth-stage fintechs. The talks follow a sweeping internal overhaul aimed at preparing the 12-year-old company for public-market scrutiny. Over the past year, Blockchain.com has restructured its board and expanded its executive bench, part of what insiders describe as a “public-company readiness” drive. Investor Takeaway A SPAC merger could give Blockchain.com faster access to capital and a U.S. listing window while markets reopen to digital-asset issuers. Governance and Leadership Reshuffle In February, the company hired Justin Evans, a former Goldman Sachs executive, as chief financial officer, and Mike Wilcox, previously CFO at Velocity Global and a former portfolio manager at Point72, as chief operating officer. In August, it added Timothy P. Flynn, the former global chairman of KPMG and ex-director at JPMorgan, alongside Landon Edmond, chief legal officer of Klaviyo, to its board. The appointments bring heavyweight financial and compliance experience to a company that has weathered multiple crypto cycles. Chief executive Peter Smith, who co-founded Blockchain.com in 2011 with Nicolas Cary and Ben Reeves, is betting that a governance refresh and professionalized management will help restore investor confidence after the market turbulence of 2022–23. From Explorer to Exchange Blockchain.com began as Blockchain.info, a Bitcoin block explorer and non-custodial wallet. Over time it added trading and lending services and claims to have processed more than $1 trillion in crypto transactions. Its retail wallet remains among the most downloaded globally, and it has built a modest institutional business around trading and data analytics. The company operates from London with a footprint in Europe, the U.S., and Africa. Like many of its peers, Blockchain.com has ridden the highs and lows of the crypto cycle. It raised $420 million in 2021 across two rounds that valued the business at $5.2 billion, later peaking near $14 billion in private transactions. That valuation collapsed after the failure of Three Arrows Capital, to which it had $270 million in exposure, forcing layoffs and balance-sheet write-downs. In late 2023 it raised $110 million at a $7 billion valuation, led by Kingsway Capital. Investor Takeaway Blockchain.com’s governance revamp and fresh capital raise suggest it is preparing for renewed scrutiny from U.S. investors after a volatile few years. Why a SPAC Listing Fits the Moment SPACs, or blank-check companies, offer private firms a quicker route to the public market by merging with a pre-listed shell. The structure allows deal sponsors to lock in valuation terms and navigate volatile equity conditions more efficiently than through a traditional IPO. Cohen & Company, which rebranded from J.V.B. Financial this year, has built out a SPAC advisory platform focused on fintech and digital assets—making it a natural fit for Blockchain.com’s ambitions. The timing reflects a broader reopening of public markets for crypto firms. Circle listed in June, Bullish followed in August, and Gemini went public in September. All three saw active trading and steady demand—an improvement on the cold reception of 2022–23, when investor fatigue and regulatory pressure froze new listings. If Blockchain.com proceeds, it could become the first major London-based crypto firm to secure a U.S. listing since that recovery began. The company’s pitch to investors will likely center on its longevity, broad product suite, and growing presence in emerging markets. Growth in Africa and Market Outlook Recent expansion has focused on sub-Saharan Africa, where Blockchain.com has opened operations in Ghana, Kenya, and South Africa, with a Nigeria office under preparation. Bloomberg reported that the company sees rising mobile adoption and lighter regulatory regimes as a natural fit for crypto wallet and payment services. Still, questions remain about profitability and compliance. The firm’s exposure to bankrupt lenders and opaque accounting during the bull market raised concerns that investors will expect greater transparency before any merger proceeds. Analysts say any SPAC deal will hinge on PIPE financing and redemption rates—two pressure points that have derailed many post-2021 blank-check transactions. “The appetite is back, but the bar is higher,” said one person familiar with ongoing SPAC discussions. “Investors want cleaner governance and predictable earnings before committing to another crypto listing.” Timeline and Outlook Founded in 2011, Blockchain.com is among the few survivors from crypto’s first wave. Its history includes: a 2021 funding boom, a 2022 liquidity hit, a 2023 recapitalization, and now a 2025 management overhaul. Whether it proceeds with a SPAC merger or pivots to a traditional IPO, the company appears determined to return to public markets while sentiment remains favorable. The talks remain preliminary, and timing will depend on market conditions. For now, Blockchain.com’s restructured leadership and advisory lineup suggest a clear direction: after years of volatility, the firm is preparing to test Wall Street’s renewed openness to digital finance.