Bitcoin Price Slumps But Analysts Eye $180,000 Price Target

Bitcoin price was holding steady near the $120,000 mark today but recently slumped below that mark to $119,768. All this movement is after a volatile and bullish start to October.

Some analysts point to signs that the market has entered what many describe as the “euphoria phase” of the current bull cycle.

Bitcoin price surged more than 30% since the start of the year, buoyed by sustained inflows into U.S.-listed Bitcoin exchange-traded funds, renewed investor confidence in digital assets, and expectations that the Federal Reserve will move toward cutting interest rates. 

Bitcoin price briefly touched above $126,000 earlier this week — its highest ever — before easing…

Read more on BitcoinMagazine

LATEST: AMINA Bank Rolls Out Regulated Polygon (POL) Staking For Institutional Clients

AMINA Bank AG, a Swiss FINMA-regulated crypto bank, has become the first bank globally to offer institutional staking for Polygon’s native POL token. This milestone gives institutional investors a fully compliant path to earn up to 15% yield through a partnership with the Polygon Foundation, significantly boosting standard staking rewards.

By introducing a regulated staking model, AMINA bridges traditional finance with blockchain-native returns at a time when Polygon leads global payment activity. The network commands over 30% of all sub-$100 transactions across EVM chains, supports $3.4 billion in stablecoins, and dominates emerging markets with 90% of stablecoin usage. AMINA’s offering strengthens Polygon’s network security while meeting strict Swiss KYC and AML standards.

The move signals growing institutional engagement in Web3, as banks, asset managers, and fintech leaders integrate Polygon for tokenization and payments. With AMINA’s regulated staking debut, institutional staking-as-a-service officially enters mainstream finance.

Source

Kraken expands CME derivatives access to oil, gold and FX

Crypto exchange Kraken is expanding access to traditional derivatives markets by connecting U.S. traders directly to CME Group’s futures products, including energy, metals, equities, and foreign exchange.

Originally reported by the Block on Thursday, the company confirmed that its regulated futures commission merchant, Kraken Derivatives US, will facilitate trading in CME contracts such as oil, gold, silver, the S&P 500, and other major FX pairs like EUR, GBP, and JPY.

The move marks a significant step in Kraken’s push to bridge digital and traditional finance, positioning it alongside brokerages such as Robinhood, which have also expanded into conventional asset…

Read more on Blockworks

Institutions Plan To Double Bitcoin And Crypto Exposure By 2028, State Street Research Finds

Institutional adoption of digital assets — like bitcoin — is booming, with average portfolio exposure expected to double from 7% to 16% within three years, according to new research from State Street. 

State Street’s study touched on how tokenization and blockchain technology are moving from experimentation to execution across global investment portfolios.

The study surveyed senior executives across asset management, trying to decipher how institutions are integrating digital assets, tokenization, and emerging technologies like AI and quantum computing into their strategies. 

Nearly 60% of respondents plan to increase digital asset allocations over the next year,…

Read more on BitcoinMagazine

LATEST: UK Lifts Ban on Crypto ETNs, Opening Doors for Retail Investors

Britain has officially ended its multi-year ban on crypto exchange-traded notes (ETNs), marking a major step toward integrating digital assets into mainstream finance. The Financial Conduct Authority (FCA) announced that retail investors can now buy crypto ETNs listed on recognized exchanges such as the London Stock Exchange (LSE), citing the market’s growing maturity and stronger regulatory safeguards.

Crypto ETNs track bitcoin or ether prices without direct coin ownership and must be fully backed by underlying assets held by regulated custodians. Although the ban has been lifted, investors will need to wait before adding these products to portfolios as the FCA only began accepting prospectuses from issuers in late September.

The U.K. tax authority confirmed that crypto ETNs can be included in ISAs and pension schemes, allowing tax-free gains. From April 2026, they will qualify as Innovative Finance ISA (IFISA) investments, reinforcing the government’s push to expand digital investment opportunities.

Source

First Bitcoin-Native Wealth Platform Comes From New Merger

Unchained announced today that its registered investment advisory affiliate, Sound Advisory, has merged with Gannett Trust Company to form a new entity: Gannett Wealth Advisors.

The merger marks the first time an SEC-registered investment advisor has combined with a chartered bitcoin trust company, creating what the firms call a “fully integrated wealth management platform” for digital assets, according to a note shared with Bitcoin Magazine.

Gannett Wealth Advisors will operate as a subsidiary of Gannett Trust Company, a public trust company chartered in Wyoming, and will focus on uniting financial planning, custody, and inheritance services under one regulated… Read more on BitcoinMagazine

Nation’s Wealth Fund To Buy Bitcoin For The First Time

Luxembourg is officially joining the ranks of governments investing in Bitcoin. 

The country’s Intergenerational Sovereign Wealth Fund (FSIL) will allocate 1% of its total portfolio — over €7 million — to Bitcoin and other crypto, Finance Minister Gilles Roth announced Wednesday during his 2026 budget presentation in the Chamber of Deputies.

“This is really great news for crypto-assets because this is the first investment of a public fund in bitcoin in Luxembourg,” said CSV lawmaker Laurent Mosar following the announcement.

The move positions Luxembourg as the first Eurozone nation to allocate sovereign wealth into Bitcoin exchange-traded funds, marking a…

Read more on BitcoinMagazine

Capitol Gains: Crypto hearings expected to continue mid-shutdown

The Senate on Wednesday once again rejected both plans to fund the federal government and end the shutdown, which now enters its ninth day. 

Senators have so far voted six separate times on partisan measures to extend funding. 

Republicans, with 53 Senate seats, need eight Democrats to cross the aisle. 

Without a budget, the crypto policy agenda remains in limbo, but Washington insiders insist that momentum isn’t completely lost. 

While the House remains in a shutdown-induced recess, the Senate appears to be in session for both budgetary and crypto matters.

Two people familiar with the matter told Blockworks that the Senate Banking Committee remains committed to…

Read more on Blockworks

PayPay takes stake in Binance Japan to merge crypto and cashless payments

Binance Japan and PayPay announced on October 9, 2025, that they have entered a capital and business alliance aimed at merging cryptocurrency services with Japan’s leading cashless payment platform.

As part of the agreement, PayPay acquired a 40% equity stake in Binance Japan, signaling a strategic effort to integrate digital assets into mainstream financial ecosystems. The collaboration seeks to create seamless user experiences that bridge crypto and fiat transactions across PayPay’s network of over 70 million users in Japan.

Initial initiatives under discussion include allowing purchases of cryptocurrencies through “PayPay Money” within the Binance Japan app and enabling…

Read more on Blockworks

LATEST: Luxembourg Allocates 1% Of Its National Wealth Fund Into Bitcoin As Reserve Asset

Luxembourg’s sovereign wealth fund has made a groundbreaking move by allocating 1% of its portfolio to Bitcoin exchange-traded funds (ETFs), becoming one of the first European state-backed entities to do so. The decision, confirmed by Treasury Director Bob Kieffer, was announced by Finance Minister Gilles Roth during the 2026 Budget presentation in the country’s legislature.

Kieffer explained that the investment reflects the growing maturity of digital assets and aligns with Luxembourg’s new investment policy approved in July 2025. The Intergenerational Sovereign Wealth Fund (FSIL) manages around €764 million ($888 million), meaning roughly $9 million has been placed into Bitcoin ETFs. The fund is also authorized to invest up to 15% of its assets in alternative options like crypto, real estate, and private equity.

This move highlights Luxembourg’s leadership in digital finance and mirrors similar trends across Europe. Norway, the Czech Republic, and Sweden have all shown increased interest in Bitcoin, signaling a broader shift toward crypto integration in traditional finance.