Day: October 6, 2025

IBIT Is Now Easily Blackrock’s Most Profitable ETF

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BlackRock’s spot Bitcoin exchange-traded fund has generated nearly $245 million in fees over the past year, making it now the most profitable ETF for the firm by a wide margin.  The iShares Bitcoin Trust ETF (IBIT) currently beats the iShares Russell 1000 Growth ETF (IWF) and the iShares MSCI EAFE ETF (EFA) by $25 million in annual revenue, BlackRock ETF analyst Eric Balchunas posted to X on Monday. IBIT became the most profitable BlackRock ETF when it surpassed IWF and EFA around mid-July, as previous X posts from Balchunas show.…

BMX acquires Onchain Media, appoints founder as director of community and content

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Key Takeaways BMX, a DeFi protocol on Base, has acquired blockchain media outlet Onchain Media. Rachel Brissenden, founder of Onchain Media, is now appointed as BMX Team’s director of community and content. Share this article BMX, a DeFi protocol on Base, today announced the acquisition of Onchain Media, a blockchain media outlet, and appointed founder Rachel Brissenden as director of community and content. The acquisition integrates Onchain Media’s live interview content focusing on Base ecosystem builders with BMX Team’s DeFi operations. Brissenden, who hosts collaborative livestreams, will lead content strategies…

BlackRock and Fidelity spot Bitcoin ETFs achieve $5.5B trading volume

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Key Takeaways BlackRock and Fidelity’s Bitcoin spot ETFs reached a combined trading volume of $5.5 billion in a single day. BlackRock’s IBIT dominates the spot Bitcoin ETF market with significant liquidity and inflows as of October 2025. Share this article BlackRock and Fidelity’s spot Bitcoin ETFs recorded $5.5 billion in trading volume today, highlighting continued institutional interest in crypto assets. BlackRock’s IBIT has emerged as a dominant force in spot Bitcoin ETFs, driving the majority of recent inflows and controlling significant liquidity as of early October 2025. The asset manager…

GalaxyOne Brings Crypto, Stocks and Yields On Cash

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Galaxy Digital, a crypto investment firm founded by former Fortress Investment Group president Michael Novogratz, is launching the GalaxyOne platform, offering exposure to both crypto and traditional finance (TradFi) markets. Galaxy Digital has launched GalaxyOne, a platform combining exposure to yields on fiat cash with trading cryptocurrencies and equities, the company announced on Monday. Targeting individual investors in the United States, GalaxyOne offers a 4% annual percentage yield (APY) on cash deposits, in addition to an 8% APY through Galaxy Premium Yield, which is offered exclusively to accredited investors. “We’ve…

BTC Looking at a Pullback to $118K Before Next Major Leg Up

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Bitcoin has broken above its ATH at the $125K region, signaling strong momentum. Nevertheless, the market is now entering a decisive phase, where consolidation or a short-term retracement could shape the next significant directional move. Bitcoin Price Analysis: Technicals By Shayan The Daily Chart On the daily timeframe, BTC has successfully broken above the flag pattern that confined price action since July, confirming a strong trend continuation. The move above the upper boundary coincided with a surge in momentum that carried the price into the previous supply zone around $124K–$126K,…

Gespa opens probe into FIFA ‘Right to Buy’ World Cup NFTs

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Switzerland’s gambling regulator is looking into whether “right-to-buy” tokens sold by global soccer organizing body FIFA ahead of the 2026 World Cup tournament comply with rules that govern gambling, Bloomberg reported. No wrongdoing has been alleged. Gespa is assessing whether the tokens, which can be bought, sold and traded on FIFA’s non-fungible token (NFT) marketplace, are gambling-like or represent conditional purchase rights. FIFA stands for Fédération Internationale de Football Association. The authority has not alleged wrongdoing nor had it received any reports of wrongdoing, and is gathering facts to determine whether…

Wall Street Validation or Decentralization Death Sentence?

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Are Wall Street’s rapid ETF approvals rewarding corporate tokens, and not grassroots decentralized networks? Wall Street’s push to approve altcoin exchange-traded funds (ETFs) this October, dubbed “Cointober” by some analysts, is drawing renewed attention to the growing institutional appetite for cryptocurrency. This has also raised questions about decentralization versus institutional validation. Cointober Frenzy According to Alphractal, 59% of institutional investors plan to allocate more than 5% of their assets under management to crypto in 2025, up sharply from less than 2% in 2023. This could represent a potential $2.4 trillion…

Polygon Proposal Seeks to End POL Inflation, Add Buybacks

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A new proposal to overhaul Polygon’s tokenomics is gaining momentum on the project’s governance forum and across social media, as investors voice frustration over POL’s steep underperformance compared to the broader crypto market. The proposal, authored by activist token investor Venturefounder, calls for major revisions to Poilygon’s (POL) supply model, including the elimination of its 2% annual inflation rate and the introduction of a treasury-funded buyback or burn program to reduce ongoing sell pressure. “These changes are intended to align the supply dynamics of POL with its current technological and…

TOTAL3 Marketcap Hits $1.18T: Has Altseason Begun?

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Key takeaways: TOTAL3 market cap hit a record $1.18 trillion, signaling accelerating momentum within the altcoin cohort of the crypto market. USDT dominance dropped sharply, hinting at capital rotation into risk assets. TradingView ticker, TOTAL3, which tracks the market capitalization of all cryptocurrencies excluding Bitcoin (BTC) and Ether (ETH), reached a new all-time high of $1.18 trillion on Monday. The metric also marked its highest weekly close on Sunday, surpassing its peak market capitalization from 2021.  TOTAL3 market cap. Source: Cointelegraph/TradingView Traders use the TOTAL3 chart as an indicator of…

Bitcoin’s Record Rally as Memecoins Slump: Can DOGE, TRUMP Recover?

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Key takeaways: Bitcoin’s institution-driven rally has sidelined retail-heavy memecoins. Top memecoins, DOGE, PEPE and TRUMP, show short-term rebound potential for Q4. Bitcoin (BTC) extended its 2025 bull market to fresh highs above $125,000 over the weekend, prompting top altcoins like Ether (ETH), Solana (SOL) and BNB (BNB) to rise in tandem. BTC/USDT, ETH/USDT, XRP/USDT, SOL/USDT, and BNB/USDT year-to-date performance. Source: TradingView Top memecoins, however, have failed to keep pace with the overall crypto boom this year. DOGE, TRUMP and other memecoins slump Bitcoin has gained more than 32% year-to-date, mirroring…