Leading cryptocurrencies fell alongside stocks on Thursday, as investors reduced their risk appetite amid the government shutdown.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:30 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-0.55%</td><td>$121,833.80</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-1.90%</td><td>$4,389.97</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-1.40%</td><td>$2.81</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-2.09%</td><td>$221.91</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-1.05%</td><td>$0.2494</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Bitcoin Dips Below $120,000</h2>



Bitcoin saw sharp rejection after reaching $123,600, resulting in a drop below $120,000. Trading volume soared by 13% to $71 billion in the last 24 hours.



Spot exchange-traded funds tracking the apex cryptocurrency saw a net outflow of $57 million on Thursday, <a href="https://sosovalue.com/assets/etf/us-btc-spot">according</a> to SoSo Value.



Ethereum fell below $4,500, hitting an intraday low of $4,273.56, before settling at $4,380 overnight.



Cryptocurrency liquidations topped $670 million in the last 24 hours, with over $500 million in long positions wiped, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass.



Meanwhile, Bitcoin&#8217;s open interest rose 0.51% in the last 24 hours. An increase in open interest coming alongside a price drop typically indicates that new short positions were opened.



"Greed" sentiment weakened in the market, according to the Crypto Fear &amp; Greed Index.



Top Gainers (24 Hours)&nbsp;



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency (Market Cap&gt;$100 M)</th><th>Gains +/-</th><th>Price (Recorded at 9:30 p.m. ET)</th></tr></thead><tbody><tr><td>Zora (ZORA)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+61.73%</td><td>$0.08761</td></tr><tr><td>Subsquid (SQD)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+44.72%</td><td>$0.2544</td></tr><tr><td>AB (AB )&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+43.29%</td><td>$0.008297 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $4.20 trillion, following a modest increase of 0.62% in the last 24 hours.



<h2 class="wp-block-heading">Stocks Fall As Shutdown Drags On</h2>



Stocks retreated from recent highs on Wednesday. The S&amp;P 500 fell 0.28% to close at 6,735.11. The tech-heavy Nasdaq Composite dipped 0.08% to end at 23,024.63. The Dow Jones Industrial Average ended another day down, losing 243.36 points, or 0.52%, to close at 46,358.42.



The government shutdown <a href="https://www.benzinga.com/news/politics/25/10/48117001/elizabeth-warren-reminds-trump-he-once-said-if-theres-a-shutdown-i-think-it-would-be-a-tremendously-negative-mark-on-the-president">entered its ninth day</a>, with little sign of negotiations between Republicans and Democrats. Alternative data from private firms and banks showed that the <a href="https://www.benzinga.com/markets/economic-data/25/10/48102733/september-labor-market-trends-employment-payolls-unemployment-claims-interest-rates-outlook">labor market is cooling</a>.



The odds of a 25 basis point rate cut during the upcoming Federal Reserve meeting, however, remained unchanged at 94%, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool.



<h2 class="wp-block-heading">A &#8216;Major Support&#8217; For Bitcoin</h2>



On-chain analytics firm CryptoQuant highlighted the weighted average cost basis of Bitcoin's short-term holders standing is $112,200, a level that could act as a "major support."



"To prevent panic selling from STHs, it is crucial for the ongoing consolidation to hold above the $112,000 line in the short term," CryptoQuant said.



Note that cost basis is the original price at which BTC were acquired by this cohort.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BTC Consolidation "To prevent panic selling from STHs, it is crucial for the ongoing consolidation to hold above the $112k line in the short term." – By <a href="https://twitter.com/Yonsei_dent?ref_src=twsrc%5Etfw">@Yonsei_dent</a> Full analysis &#x2935;&#xFE0F;<a href="https://t.co/xmHET6hWWE">https://t.co/xmHET6hWWE</a> <a href="https://t.co/Ft07FlrJMS">pic.twitter.com/Ft07FlrJMS</a>&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1976284765188755778?ref_src=twsrc%5Etfw">October 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



ZYN, a widely followed cryptocurrency analyst, said that Ethereum's Wyckoff accumulation, a period in which institutional investors buy assets at low prices during a downturn, is in its "final phase."



"Ethereum just needs a weekly close above $4,750 and a new rally will start. My target is $8,000 by Q4 end and $10,000 by cycle top," the analyst projected.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> Wyckoff accumulation is in its final phase. Ethereum just needs a weekly close above $4,750 and a new rally will start. My target is $8K by Q4 end and $10K by cycle top. <a href="https://t.co/P1rIbC2gdt">pic.twitter.com/P1rIbC2gdt</a>&mdash; ZYN (@Zynweb3) <a href="https://twitter.com/Zynweb3/status/1976325711041327259?ref_src=twsrc%5Etfw">October 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48134643/forget-bitcoin-ethereum-citis-stablecoin-bet-could-spark-a-1-9-trillion-boom-by-2030">Forget Bitcoin &amp; Ethereum — Citi&#8217;s Stablecoin Bet Could Spark A $1.9 Trillion Boom By 2030</a></li>
</ul>



Photo courtesy: Shutterstock

Bitcoin, Ethereum, Dogecoin, XRP Fall Amid Government Shutdown Uncertainty: Analytics Firm Says BTC Needs To Hold This Level In Short Term

IREN Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/IREN">IREN</a>) shares surged to a new 52-week high on Thursday. The rally underscores soaring investor confidence in the company&#8217;s pivot from Bitcoin mining to the booming artificial intelligence sector. Here&#8217;s what investors <a href="https://www.benzinga.com/quote/IREN/news">need to know</a>.



 • IREN is testing upper boundaries. <a href="https://www.benzinga.com/quote/IREN" target="_blank" rel="noreferrer noopener">See the market dynamics here.</a>



What To Know: The fresh peak comes just a day after the stock slid on news of an $875 million convertible senior note offering, demonstrating strong underlying momentum that overcame initial <a href="https://www.benzinga.com/trading-ideas/movers/25/10/48098688/iren-shares-are-sliding-today-whats-going-on">dilution concerns</a>.



Fueling the bullish sentiment are high-profile endorsements and ambitious growth targets. Prominent investor Eric Jackson touted IREN as a potential &#8220;100x wealth machine,&#8221; projecting a trajectory <a href="https://www.benzinga.com/markets/equities/25/10/48117637/iren-from-9-to-900-eric-jackson-foresees-massive-upside-for-iren-amid-ai-pivot-100x-wealth-machine">from $9 to $900</a>. The company's strategic shift has also attracted congressional attention, with Rep. Cleo Fields (D-La.) recently disclosing a <a href="https://www.benzinga.com/news/politics/25/10/48131617/congressmans-iren-stock-bet-is-crushing-it-up-259-and-climbing">significant investment</a>.



With thousands of high-demand Nvidia GPUs online or on order, IREN is targeting over $500 million in annualized recurring revenue by early 2026, potentially positioning itself as a key infrastructure player in the AI gold rush.



Benzinga Edge Rankings: According to <a href="http://benzinga.grsm.io/register174">Benzinga Edge</a> stock rankings, the company boasts exceptional Momentum and Growth scores of 99.54 and 99.77, respectively, with a positive price trend across all time horizons.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="988" height="210" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09151433/Screen-Shot-2025-10-09-at-3.14.03-PM.png" alt="" class="wp-image-1107397" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09151433/Screen-Shot-2025-10-09-at-3.14.03-PM.png 988w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09151433/Screen-Shot-2025-10-09-at-3.14.03-PM-300x64.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09151433/Screen-Shot-2025-10-09-at-3.14.03-PM-768x163.png 768w" sizes="auto, (max-width: 988px) 100vw, 988px" /></figure>



IREN Price Action:&nbsp;IREN shares were up 6.97% at $64.35 at the time of publication on Thursday, according to <a href="http://benzinga.grsm.io/register174">Benzinga Pro</a>. The stock is trading near its 52-week high of $65.21.



The stock is significantly above its 50-day ($30.70), 100-day ($21.79) and 200-day ($15.29) moving averages, indicating strong bullish momentum. The recent high of $65.21 suggests potential resistance at this level, while support may be found near the intraday low of $60.91.



Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/10/48123090/sharps-technology-bets-big-on-solana-with-new-coinbase-partnership">Sharps Technology Bets Big On Solana With New Coinbase Partnership</a>



<h2 class="wp-block-heading">How To Buy IREN Stock</h2>



Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.



For IREN, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.



Image: Shutterstock

IREN Stock Hits New 52-Week High: What's Driving The Action?

Cryptocurrency markets are slipping on Thursday as investors initiate selling to take profits.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$120,918.82</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$4,321.57</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$218.06</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.78</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2458</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001186</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>Coinglass data shows 179,931 traders were liquidated in the past 24 hours for $674.74 million.       </li>



<li>In the past 24 hours, top losers include Aster (CRYPTO: ASTER), MYX Finance (CRYPTO: MYX) and Plasma (CRYPTO: XPL).</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48122070/bitcoin-minted-70000-new-millionaires-heres-where-theyre-investing-their-profits">Bitcoin Minted 70,000 New Millionaires — Here&#8217;s Where They&#8217;re Investing Their Profits</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48125950/forget-dogecoin-shiba-inu-floki-is-up-10-and-getting-its-first-etf-in-europe">Forget Dogecoin, Shiba Inu — Floki Is Up 10% And Getting Its First ETF In Europe</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48128991/luxembourg-invests-in-bitcoin-allocates-1-of-sovereign-wealth-fund-portfolio">Luxembourg Invests In Bitcoin, Allocates 1% Of Sovereign Wealth Fund Portfolio</a></li>



<li><a href="https://www.benzinga.com/trading-ideas/movers/25/10/48123090/sharps-technology-bets-big-on-solana-with-new-coinbase-partnership">Sharps Technology Bets Big On Solana With New Coinbase Partnership</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48118780/block-shares-hit-8-month-high-after-jack-dorseys-firm-announces-bitcoin-payments-for-square-pos-system">Block Shares Hit 8-Month High After Jack Dorsey&#8217;s Firm Announces Bitcoin Payments For Square PoS System</a></li>



<li><a href="https://www.benzinga.com/etfs/new-etfs/25/10/48130518/retail-investing-is-a-structural-force-roundhill-ceo-says-meme-etf-reflects-market-shift">Retail Investing Is A &#8216;Structural Force&#8217;: Roundhill CEO Says MEME ETF Reflects Market Shift</a></li>
</ul>



Trader Notes: CrediBULL Crypto noted that Bitcoin faced two rejections at local supply and now looks set to move lower toward the higher timeframe (HTF) demand zone between $108,000–$118,000, where a potential bottom may form.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Two tests of local supply but still couldn&#39;t break through and it now looks like we are going to move lower to the HTF area of demand. 108-118k is our key HTF zone as mentioned earlier and I expect we find a bottom somewhere in that zone.<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://t.co/7u1xpBjjbf">https://t.co/7u1xpBjjbf</a> <a href="https://t.co/vAreZfpI5c">pic.twitter.com/vAreZfpI5c</a>&mdash; CrediBULL Crypto (@CredibleCrypto) <a href="https://twitter.com/CredibleCrypto/status/1976332029286633888?ref_src=twsrc%5Etfw">October 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto trader Ken <a href="https://x.com/KenCharts/status/1976324373255733390">highlighted</a> that the market remains choppy with no clear direction. Bulls need to defend the $120,000–$121,000 lows to enable a move back toward $124,000. Until a breakout occurs, scalping the range extremes is the most practical strategy.



Crypto Bully <a href="https://x.com/BullyDCrypto/status/1976353666962731460">explained</a> that during Bitcoin's strong monthly open uptrend, buying the first test of the monthly VWAP (middle line) is the easiest dip-buy opportunity. The $121,000 → $124,000 range was the initial play.



After multiple tests, focus shifts to a potential sweep and reclaim of the lower band, with $118,000 needing to hold for the uptrend to remain intact.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48132694/bitcoin-daily-chart-shows-warning-signs-analyst-says-should-you-worry">Bitcoin Daily Chart Shows &#8216;Warning Signs,&#8217; Analyst Says: SHould You Worry?</a></li>
</ul>



Image: Shutterstock

Bitcoin Holds $120,000 As XRP Stays Under $3, Ethereum, Dogecoin Dip

Prediction market Polymarket has taken the world by storm and is currently <a href="https://www.benzinga.com/etfs/specialty-etfs/25/08/47395443/cathie-wood-ditches-draftkings-stock-ahead-of-nfl-season-turns-to-prediction-markets-could-reshape-the-way">disrupting the sports betting sector</a>. With a new investment from New York Stock Exchange parent Intercontinental Exchange Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/ICE">ICE</a>), the company's founder has become the world&#8217;s youngest self-made billionaire.



What Happened: Intercontinental Exchange's <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48074039/nyse-parent-ice-stock-surges-after-reported-2-billion-polymarket-investment">$2 billion investment</a> values Polymarket at $8 billion, making founder Shayne Coplan a billionaire.



The 27-year-old New York University dropout has recently <a href="https://x.com/shayne_coplan/status/1975623273582108801" target="_blank">shared </a>on social media how far he and his company have come in several years to reach the milestones.



Coplan <a href="https://x.com/shayne_coplan/status/1975534265698812046">started </a>exploring ideas of prediction markets based on thoughts from economist Robin Hanson, back in 2019. He built Polymarket and launched the prediction market company in June 2020, as reported by <a href="https://www.bloomberg.com/news/articles/2025-10-08/polymarket-founder-is-youngest-self-made-billionaire-on-ice-deal">Bloomberg</a>.



Polymarket is one of multiple prediction markets that are utilizing cryptocurrency to allow consumers to place wagers on outcomes like the presidential election, sporting events and when the government shutdown will end.



The company and Coplan have come a long way in their journey to mass adoption.



"2020, running out of money, solo founder, HQ in my makeshift bathroom office. Little did I know Polymarket was going to change the world," Coplan recently tweeted.



Coplan said the Polymarket story is "against all odds."



The Polymarket founder said he has learned that bold ideas are everywhere, sometimes "hidden in plain sight."



"It just takes someone crazy enough to spend their life willing it into existence. That's entrepreneurship: willing things into existence."



Coplan said that during the COVID-19 pandemic, he "had nothing to lose" as a 21-year-old college dropout running out of money and with little to show for it.



Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41553484/polymarket-ceo-shayne-coplan-defends-platform-calls-it-a-reality-check-amid-rising-scrutin">Polymarket CEO Shayne Coplan Defends Platform, Calls It A &#8216;Reality Check&#8217; Amid Rising Scrutiny</a>



What's Next: In a post about the funding from Intercontinental Exchange, Coplan looks to the future of the prediction market sector.



"Our partnership with ICE marks a major step in bringing prediction markets into the financial mainstream. But in addition to that, it's a monumental step forward for DeFi."



Coplan said the partnership could help "usher in a new financial era of tokenization."



Polymarket has been unavailable to U.S. users, but that is expected to change soon with the acquisition of QCEX, an exchange licensed by the Commodity Futures Trading Commission (CFTC). Coplan<a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47490600/polymarket-ceo-says-crypto-based-prediction-platform-ready-to-enter-us-after-cftc-approval-stay-tuned"> said recently </a>that Polymarket has been approved for operation in the U.S. by the CFTC.



The company previously paid a $1.4 million penalty to settle with the CFTC regarding its U.S. users. The FBI raided Coplan's home days after the 2024 presidential election over allegations of U.S. users being allowed on Polymarket. The company said the raid was "political retribution."



Along with the Intercontinental Exchange, other investors in Polymarket include Peter Thiel's Founders Fund, Ethereum co-founder Vitalik Buterin, Blockchain Capital and 1789 Capital. The company counts Donald Trump Jr., son of President Donald Trump, as an advisor.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46510082/2028-election-odds-out-from-polymarket-vance-tops-list-at-27-trump-has-5-heres-what-voters-say-in-new-poll">2028 Election Odds Out From Polymarket: Vance Tops List At 27%, Trump Has 5%, Here&#8217;s What Voters Say In New Poll</a></li>
</ul>



Photo: PJ McDonnell / Shutterstock.com

Polymarket Founder's Redemption Arc: From Broke Dropout To Youngest Self-Made Billionaire

The price of meme coin pioneer Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) continues its steady climb, posting 122.7% gains over the past year, driven by optimism around the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47720590/dogecoin-etf-momentum-may-carry-it-to-60-cents-under-one-condition">newly launched DOJE ETF</a> and increasing corporate treasury accumulation of the token.



What Happened: A $1,000 investment in Dogecoin made on Oct. 10, 2024, would have purchased 9,267.84 DOGE. At the current price of $0.2450, that same investment would now be worth $2,270.62, more than doubling in value.



While Dogecoin may never again deliver the astronomical returns seen in its early years, the meme coin's resilience continues to surprise skeptics.



Despite repeated predictions of its decline due to limited real-world utility, Dogecoin remains the undisputed leader of the meme coin sector, boasting a market capitalization near $37 billion.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48086733/dogecoins-setup-is-louder-than-bitcoins-ath-and-you-may-be-sleeping-on-it">Dogecoin&#8217;s Setup Is Louder Than Bitcoin&#8217;s ATH — And You May Be Sleeping On It</a>



Why It Matters: Corporate and institutional engagement with Dogecoin is quietly growing. CleanCore Solutions recently <a href="https://www.globenewswire.com/news-release/2025/10/07/3162406/0/en/CleanCore-Solutions-Provides-Dogecoin-Treasury-Update-Current-Holdings-Include-710M-DOGE-with-Over-20-Million-in-Unrealized-Gains.html">disclosed</a> that its treasury holdings have surpassed 710 million DOGE (worth $173.9 million) as of Oct. 6, 2025, with an ongoing plan to accumulate 1 billion DOGE.



In late September, Thumzup Media <a href="https://www.prnewswire.com/news-releases/thumzup-announces-2-5-million-capital-infusion-into-dogehash-technologies-to-expand-its-dogecoin-mining-capacity-302570570.html">announced</a> a $2.5 million capital infusion into DogeHash Technologies to expand its mining operations and deploy next-generation ASIC miners.



Meanwhile, the REX-Osprey DOGE ETF (DOJE) became the <a href="https://www.businesswire.com/news/home/20250918072516/en/REX-Osprey-Launches-First-U.S.-Listed-ETFs-to-offer-Exposure-to-Spot-Dogecoin-and-Spot-XRP">first U.S.-listed Dogecoin ETF</a> upon its mid-September debut, posting a record $17 million in first-day trading volume, the highest of any ETF launched in 2025.



What's Next: Crypto trader Degengambleeh predicts Dogecoin's price discovery phase is closer than many expect.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> price discovery is closer than you think $1 is a rookie target. <a href="https://t.co/Vm7MbmBwvp">pic.twitter.com/Vm7MbmBwvp</a>&mdash; Zer0 ▚▘▚▘▚▘ (@degengambleh) <a href="https://twitter.com/degengambleh/status/1976000320372191743?ref_src=twsrc%5Etfw">October 8, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Daan Crypto Trades <a href="https://x.com/DaanCrypto/status/1976192819472552301">notes</a> DOGE has been grinding higher since June, forming a compression pattern, a setup that often precedes explosive breakouts. 



He adds that if Dogecoin holds above its 200-day MA/EMA and maintains higher highs and higher lows, upside continuation remains the likely scenario, especially if ETF-related demand accelerates.



Meanwhile, analyst Javon Marks <a href="https://x.com/JavonTM1/status/1975953138906525699">points</a> out that in the past two market cycles, Dogecoin has consistently reached the 1.618 Fibonacci extension level. 



If history repeats, that could imply a potential +800% rally to around $2.28 this cycle, and in a more aggressive scenario, even above $9.80, representing a 3,690% surge from current prices.



Read Next: &nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48125950/forget-dogecoin-shiba-inu-floki-is-up-10-and-getting-its-first-etf-in-europe">Forget Dogecoin, Shiba Inu — Floki Is Up 10% And Getting Its First ETF In Europe</a></li>
</ul>



Image: Shutterstock

If You Bought 1,000 DOGE A Year Ago, You'd Now Be Up Over 120%

Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/C">C</a>) has quietly joined Wall Street's stablecoin race, investing in U.K.-based BVNK as banks prepare for what could become a $1.9 trillion market <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47098895/tokenization-market-could-grow-to-2-trillion-in-5-years">for tokenized dollars.</a>



<h3 class="wp-block-heading">Citi Deepens Push Into Tokenized Money</h3>



The deal <a href="https://www.theblock.co/post/373970/citi-invests-in-stablecoin-firm-bvnk-as-banks-deepen-push-into-onchain-settlement?utm_source=rss&amp;utm_medium=rss">came</a> through Citi Ventures on Thursday. BVNK handles over $20 billion in annual transactions for clients such as Worldpay, Flywire, and dLocal.



"Stablecoins are gaining traction in on-chain settlement and asset payments," said Arvind Purushotham, head of Citi Ventures. The bank did not disclose the deal's size.



Citi joins peers accelerating into the regulated stablecoin sector after the GENIUS Act took effect in July. The new law gives U.S. banks authority to issue and manage payment stablecoins under Treasury oversight.



<h3 class="wp-block-heading">From Bitcoin Skepticism To Dollar Tokenization</h3>



Citi's move marks a sharp shift from speculative crypto trading toward practical tokenization of dollars and financial instruments.&nbsp;



CEO Jane Fraser said this summer that Citi is exploring its own Citi-branded stablecoin. The goal is to make global settlement faster and improve digital custody services.



Citi's in-house research division recently raised its 2030 base-case forecast for stablecoin issuance to $1.9 trillion, reflecting the scale of potential institutional adoption.&nbsp;



By comparison, DefiLlama data shows the current global stablecoin supply stands at $289.3 billion, led by Tether (USDT) and USD Coin (USDC).



Goldman Sachs and JPMorgan have also advanced in this area.&nbsp;



JPMorgan's JPM Coin already facilitates billions in daily wholesale transfers, while Goldman is developing tokenized cash settlement tools within its digital-assets division.



<h3 class="wp-block-heading">The GENIUS Act Opens A New Chapter</h3>



The GENIUS Act, passed in July, is seen as the most consequential U.S. financial law since Dodd-Frank in terms of digital asset impact. 



It formalizes how stablecoins can be issued, backed, and supervised by insured depository institutions, giving traditional banks the green light to participate without falling afoul of securities laws.



The Treasury Department is now conducting a public consultation phase to shape implementation guidelines — a step that could officially bring stablecoins into the U.S. payments system by 2026.



<h3 class="wp-block-heading">Why It Matters</h3>



Stablecoins are no longer just crypto plumbing — they are becoming the pipes of global finance.&nbsp;



Citi's bet on BVNK signals that dollar-backed tokens may evolve into the default medium for cross-border money movement, rivaling SWIFT.&nbsp;



The $1.9 trillion forecast is not simply growth, it's a reshaping of how value flows between nations, banks, and corporations.&nbsp;



If Wall Street aligns behind this model, stablecoins could become the first blockchain use case to leap from fringe to financial backbone.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48128991/luxembourg-invests-in-bitcoin-allocates-1-of-sovereign-wealth-fund-portfolio">Luxembourg Invests In Bitcoin, Allocates 1% Of Sovereign Wealth Fund Portfolio</a></li>
</ul>



Image: Shutterstock

Forget Bitcoin & Ethereum — Citi's Stablecoin Bet Could Spark A $1.9 Trillion Boom By 2030

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is hovering near $121,000, with its daily chart showing several warning signs historically associated <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48035149/bitcoins-next-stop-150000-or-a-dip-in-store-heres-what-these-analysts-see-coming">with meaningful corrections.</a>



What Happened: In a detailed X <a href="https://x.com/ali_charts/status/1976206109661618348">post</a>, crypto chart analyst Ali Martinez highlighted that the TD Sequential indicator has issued a sell signal, a pattern that has reliably <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48035149/bitcoins-next-stop-150000-or-a-dip-in-store-heres-what-these-analysts-see-coming">preceded past pullbacks. </a>



For context, a TD Sequential sell on July 14 preceded a 7% drop, while the signal on Aug. 13 led to a 13% decline.



Supporting this, other overbought indicators point to potential exhaustion: the Relative Strength Index (RSI) recently touched 74.21, and the Chande Momentum Oscillator peaked at 100.



Historically, when these readings aligned with TD Sequential sell signals, Bitcoin experienced significant retracements, suggesting current momentum may be unsustainable and traders should prepare for a possible pullback.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48120273/bitcoin-ethereum-xrp-dogecoin-face-selling-pressure-what-to-watch-on-thursday">Bitcoin, Ethereum, XRP, Dogecoin Face Selling Pressure — What To Watch On Thursday</a>



Why It Matters: Trader KillaXBT <a href="https://x.com/KillaXBT/status/1976282237461995576">offered </a>a contrarian perspective, noting that Bitcoin's current market psychology mirrors past bear-market structures, but in reverse. Presently, BTC occupies a position analogous to $16,000–$20,000 in previous cycles, only flipped upside down.



At this stage, selling feels counterintuitive, like how buying felt risky during prior rallies. Yet, the crowd chasing the final stages of the current surge often ignores earlier opportunities, creating conditions where disciplined traders can capitalize on predictable human behavior.



The broader takeaway is that Bitcoin's market moves are as much about human emotion as technical, the advantage lies in letting the crowd outthink itself.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48122070/bitcoin-minted-70000-new-millionaires-heres-where-theyre-investing-their-profits">Bitcoin Minted 70,000 New Millionaires — Here&#8217;s Where They&#8217;re Investing Their Profits</a></li>
</ul>



Image: Shutterstock

Bitcoin Daily Chart Shows 'Warning Signs,' Analyst Says: Should You Worry?

Luxembourg's Ministry of Finance confirmed that its Intergenerational Sovereign Wealth Fund (FSIL) has allocated 1% of its portfolio to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), marking the nation's first official exposure <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47540136/nayib-bukele-says-el-salvador-is-buying-21-btc-for-bitcoin-day-adds-over-2-million-to-apex-crypto-reserves-heres-the-total-value">to the asset class</a>. 



The move comes as Bitcoin consolidates above $121,000, testing a key resistance level for the fourth time this quarter.



<h3 class="wp-block-heading">Luxembourg Allocates 1% Of Sovereign Fund To Bitcoin</h3>



During his 2026 budget presentation at the Chambre des Députés, Finance Minister Gilles Roth <a href="https://budget.public.lu/dam-assets/lb/budget2026/links-dokumenter/budgetsried-2026-6102025-1100-final-deckblat.pdf">announced</a> that Luxembourg had diversified into Bitcoin via its sovereign wealth fund as part of a new investment policy approved in July. 



The update allows the fund to allocate up to 15% of total assets to alternative investments, with 1% having been allocated to Bitcoin.



<a href="https://www.linkedin.com/posts/bob-kieffer-714ba7146_bitcoin-activity-7381599257373519872-skgd">According to</a> Bob Kieffer, the country&#8217;s director of the treasury and secretary general of the finance ministery, Luxembourg&#8217;s Bitcoin exposure has been taken through a basket of regulated ETFs, rather than direct spot holdings to minimize operational risks.



He noted that while the allocation may appear modest, it signals a "clear message about Bitcoin's long-term potential."



<h3 class="wp-block-heading">Luxembourg Joins The Sovereign Bitcoin Club</h3>



The decision places Luxembourg among a growing number of governments and sovereign funds experimenting with digital assets as part of broader diversification efforts.&nbsp;



While El Salvador remains the only country adopting Bitcoin as legal tender, institutional participation in ETFs has broadened the path for regulated exposure in Europe.



Luxembourg's financial sector already hosts several blockchain custodians and fund administrators, making it one of Europe's most crypto-compliant jurisdictions under the MiCA framework.



<h3 class="wp-block-heading">Bitcoin Technical Outlook: Fourth $125K Test</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="694" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09110700/image-246-1024x694.png" alt="" class="wp-image-1106919" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09110700/image-246-1024x694.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09110700/image-246-300x203.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09110700/image-246-768x520.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09110700/image-246-1536x1040.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09110700/image-246.png 2048w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://in.tradingview.com/symbols/BTCUSD/">BTC Price Forecast (Source: TradingView)</a>



Technical analysis: Bitcoin has retreated slightly from the $125,000 resistance zone after testing the upper boundary of its ascending channel.&nbsp;



The daily chart shows the price stabilizing near $121,000, with the 20- and 50-day EMAs at $118,400 and $115,900, respectively, providing immediate support.



The Parabolic SAR remains bullish above $118,500, indicating buyers still control the trend unless a breakdown occurs.&nbsp;



A close below $118,000 could expose support at $113,500, while sustained strength above $123,600 would likely reopen the path toward $135,000 and potentially a fresh all-time high.



<h3 class="wp-block-heading">Why It Matters</h3>



Luxembourg's allocation may look small, but it sets a precedent with outsized signaling power. 



A financial hub openly backing Bitcoin reframes the asset from speculative plaything to institutional reserve candidate. 



This step also tests the MiCA regime in real time, offering Europe a blueprint for regulated sovereign adoption.&nbsp;



If the fourth $125,000 resistance break aligns with this policy shift, Bitcoin's next leg higher could carry the weight of government validation rather than retail hype.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/10/48123090/sharps-technology-bets-big-on-solana-with-new-coinbase-partnership">Sharps Technology Bets Big On Solana With New Coinbase Partnership</a></li>
</ul>



Image: Shutterstock

Luxembourg Invests In Bitcoin, Allocates 1% Of Sovereign Wealth Fund Portfolio

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) is nearing a decisive breakout after nearly a year of consolidation, with technical indicators showing the meme token may outperform Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) as the next phase of the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46475118/bitcoins-4-year-cycle-is-dead-researcher-says-heres-why-it-matters-for-xrp">market cycle unfolds.</a>



<h3 class="wp-block-heading">Bullish Triangle Fuels SHIB Momentum</h3>



<figure class="wp-block-image"><img loading="lazy" decoding="async" width="2048" height="1387" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09101043/shib-bz-9th-oct.png" alt="" class="wp-image-1106821" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09101043/shib-bz-9th-oct.png 2048w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09101043/shib-bz-9th-oct-300x203.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09101043/shib-bz-9th-oct-1024x694.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09101043/shib-bz-9th-oct-768x520.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09101043/shib-bz-9th-oct-1536x1040.png 1536w" sizes="auto, (max-width: 2048px) 100vw, 2048px" /></figure>



<a href="https://in.tradingview.com/symbols/SHIBUSD/">SHIB Price Dynamics (Source: TradingView)</a>



SHIB continues to compress inside a year-long symmetrical triangle, with resistance at 0.00001350 and rising support near 0.00001200.&nbsp;



The setup, reinforced by the 200-day EMA, suggests volatility is about to return after an extended period of range trading.



A breakout above 0.00001350 could trigger a sharp move toward the 0.00001800–0.00001900 resistance band, while a measured move projection points to 0.00002400 as a broader target.&nbsp;



The structure remains bullish as long as 0.00001100 holds, supported by a series of higher lows in recent months.



<h3 class="wp-block-heading">On-Chain Resilience Strengthens The Case</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="476" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09100800/image-245-1024x476.png" alt="" class="wp-image-1106818" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09100800/image-245-1024x476.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09100800/image-245-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09100800/image-245-768x357.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09100800/image-245-1536x713.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/09100800/image-245.png 2048w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce">SHIB Blockchain Data (Source: Etherscan)</a>



Blockchain data supports the bullish technical picture.&nbsp;



Shiba Inu maintains over 1.54 million holders as of Oct.9, showing strong community retention despite macro volatility.&nbsp;



More than 16.9 million lifetime transfers have been recorded, indicating continued network activity even as speculative interest cooled.



SHIB's $7.1 billion circulating market cap and on-chain valuation exceeding $12 billion underscore its liquidity advantage over smaller meme assets.&nbsp;



Analysts note that such metrics point to institutional tolerance for risk within the Ethereum-based meme ecosystem.



<h3 class="wp-block-heading">Short-Term Forecast</h3>



<ul class="wp-block-list">
<li>Immediate support: 0.00001200 – 0.00001150</li>



<li>Breakout trigger: 0.00001350</li>



<li>Upside targets: 0.00001850, then 0.00002400</li>



<li>Downside invalidation: Below 0.00001100</li>
</ul>



<h3 class="wp-block-heading">Why SHIB Breakout Matters For Crypto</h3>



SHIB's year-long consolidation is not just another meme coin lull, it is a rare structural reset that builds explosive potential energy.



When assets compress this tightly while retaining millions of holders, the eventual breakout often shifts entire market narratives.



Unlike DOGE's sentiment-driven spikes, SHIB's setup reflects deeper liquidity and institutional tolerance within the Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) ecosystem.



If that pressure releases, SHIB could become the first meme token to behave like a mid-cap altcoin — blurring the line between culture and capital.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48122070/bitcoin-minted-70000-new-millionaires-heres-where-theyre-investing-their-profits">Bitcoin Minted 70,000 New Millionaires — Here&#8217;s Where They&#8217;re Investing Their Profits</a></li>
</ul>



Image: Shutterstock

SHIB's 2025 Consolidation Ends — And It's Leading DOGE In One Key Metric

Robert Kiyosaki — the ever-provocative Rich Dad Poor Dad author — is back at it, calling the end of not just the U.S. dollar, but the financial playbook that's anchored generations of retirement portfolios. "The BS of <a href="https://www.benzinga.com/personal-finance/management/25/08/47249045/forget-60-40-vanguard-says-go-70-bonds-in-todays-market">60/40 is dead</a>," he <a href="https://x.com/theRealKiyosaki/status/1976147389296832944">posted</a>, referring to the traditional mix of 60% stocks and 40% bonds that financial planners have long sold as a safe path to retirement.



<ul class="wp-block-list">
<li>Track the US Dollar&#8217;s performance<a href="https://www.benzinga.com/quote/UUP"> here</a>.</li>
</ul>



His argument? The dollar is "fake," bonds are "IOUs from a bankrupt government," and that anyone still saving in fiat is "a loser."



<h2 class="wp-block-heading">From 60/40 to 60/20/20: Wall Street Quietly Adapts</h2>



The 60/40 model has been creaky for years — hurt by inflation, low bond yields, and volatile equities. Now, even the big banks are bending to Kiyosaki's view. Morgan Stanley recently <a href="https://www.reuters.com/markets/wealth/morgan-stanley-cio-favors-602020-portfolio-strategy-with-gold-inflation-hedge-2025-09-16/">floated</a> a 60/20/20 allocation — 60% equities, 20% bonds, and 20% gold — a tacit admission that diversification might need to include tangible assets again.



Gold's long-term <a href="https://www.benzinga.com/etfs/sector-etfs/25/09/47669378/move-over-mag-7-gold-miner-etfs-are-running-the-show-now">outperformance versus both stocks</a> and Treasuries gives the shift some credibility, especially as geopolitical risk and fiscal deficits keep pressure on fiat currencies.



Read Also: <a href="https://www.benzinga.com/markets/commodities/25/09/47676998/newmonts-midas-touch-turning-dirt-into-106-ytd-gold-while-sp-500-settles-for-bronze">Newmont&#8217;s Midas Touch: Turning Dirt Into 106% YTD Gold While S&amp;P 500 Settles For Bronze</a>



<h2 class="wp-block-heading">Kiyosaki's &#8216;Real Assets Or Bust&#8217; Gospel</h2>



For Kiyosaki, though, gold is just the beginning. He's stacking gold, silver, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) plus old-school cash-flow assets like rental real estate, oil wells, and even cattle.



The theme is consistent: own what's real, not what's printed. While his rhetoric about a "bankrupt U.S. government controlled by a Marxist Fed" plays to the extremes, the message resonates with investors losing faith in paper promises and passive portfolios.



<h2 class="wp-block-heading">The Hedge Is Now Mainstream</h2>



Love him or roll your eyes, Kiyosaki's alarm bell rings at a moment when even institutions are quietly rotating toward hard assets. Whether it's gold-backed ETFs like the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GLD">GLD</a>), Bitcoin spot funds like the iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/IBIT">IBIT</a>), or tokenized real estate, the "fake dollar" trade is creeping from fringe to front page. Investors tracking the U.S. dollar via the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/UUP">UUP</a>) should remain wary of their holdings.



The question isn't whether 60/40 is dead&#8230;it's how long investors can afford to ignore the obituary.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/personal-finance/25/04/44889664/the-appeal-is-clear-billionaire-blackrock-ceo-larry-fink-says-new-50-30-20-portfolio-mix-may-replace-the-60-40-standard">&#8216;The Appeal Is Clear&#8217; — Billionaire BlackRock CEO Larry Fink Says New 50/30/20 Portfolio Mix May Replace The 60/40 Standard</a></li>
</ul>



Photo: Shutterstock

'The US Dollar Is Fake': Kiyosaki Declares Death Of 60/40 As Wall Street Quietly Shifts To Gold And Crypto

Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>) is up over 10% in the past week, outperforming Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), off the back of its first-ever exchange-traded <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44499146/floki-zooms-up-15-in-7-days-will-it-outperform-dogecoin-shiba-inu">product launch in Europe.</a> 



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td><td>Market Cap</td><td>7-Day Trend</td></tr><tr><td>Floki</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>)</td><td>$0.00009439</td><td>&nbsp;$900.5 million</td><td>+10.8%&nbsp;</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2487</td><td>&nbsp;$37.6 billion</td><td>-2.7%&nbsp;</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001207</td><td>&nbsp;$7.1 billion</td><td>-3.9%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: EtherNasyonal <a href="https://x.com/EtherNasyonaL/status/1976243993672315195">noted</a> that Floki has been steadily climbing since its 2022 lows, with each dip acting as a setup for the next surge. 



The 2021 all-time high supply zone is now in focus, signaling the potential for a major comeback if history repeats itself.



Pentoshi emphasized Floki's bullish structure, marked by higher highs and higher lows. 



A close above the bottom line on the 3-day to 1-week candle could unlock a potential 2x move if it reclaims the previous range. Traders are advised to wait for confirmation before entering.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> close above the bottom line on a 3d-1w candle and could have a 2x on the table once it accepts into the prev range, has been making higher highs and lows so that&#39;s how i&#39;d look to play it <a href="https://t.co/XBTlnJu8P9">pic.twitter.com/XBTlnJu8P9</a>&mdash; &#x1f427; Pentoshi (@Pentosh1) <a href="https://twitter.com/Pentosh1/status/1975201151172952155?ref_src=twsrc%5Etfw">October 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Community News: Floki <a href="https://x.com/FLOKI/status/1974018990138700024">launched</a> its first FLOKI ETP in Europe, making it the only BNB Chain project besides BNB to achieve an ETP listing. Valour Floki (FLOKI) SEK, listed on the Spotlight Stock Market, provides regulated exposure for both institutional and retail investors.



This milestone underscores Floki's accelerating adoption and sets the stage for additional regulated products to broaden its reach.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48073434/dogecoin-up-14-shiba-inu-up-8-why-are-meme-coins-suddenly-pumping">Dogecoin Up 14%, Shiba Inu Up 8%—Why Are Meme Coins Suddenly Pumping?</a></li>
</ul>



Image: Shutterstock

Forget Dogecoin, Shiba Inu — Floki Is Up 10% And Getting Its First ETF In Europe

Sharps Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/STSS">STSS</a>) announced on Thursday a new strategic <a target="_blank" href="https://www.benzinga.com/pressreleases/25/10/n48119893/sharps-technology-expands-digital-asset-treasury-strategy-with-coinbase" rel="noreferrer noopener">collaboration</a> with Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/COIN">COIN</a>) to expand its digital asset treasury strategy, focusing on Solana (CRYPTO: SOL/USD), marking a significant push into blockchain-based financial infrastructure.



To date, STSS has acquired over 2 million SOL, currently valued at over $400 million, with Solana trading at over $210.



As part of the collaboration, the company intends to utilize Coinbase Prime&#8217;s custody infrastructure and OTC desk products.



Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/10/47992774/sharps-technology-teams-up-with-crypto-com-to-grow-solana-strategy" rel="noreferrer noopener">Sharps Technology Teams Up With Crypto.com To Grow Solana Strategy</a>



James Zhang, Strategic Advisor to STSS, stated, &#8220;Coinbase&nbsp;is an ideal platform for STSS as it seeks to leverage its&nbsp;digital asset&nbsp;treasury strategy to help advance&nbsp;decentralized&nbsp;finance.&#8221;



&#8220;By utilizing&nbsp;Coinbase&#8217;s suite of products,&nbsp;STSS can enjoy the institutional-grade infrastructure, deep liquidity, and competitive pricing required to effectively manage a leading&nbsp;Solana&nbsp;treasury,&#8221; he added.



The partnership highlights the company&#8217;s support for the global adoption of digital assets and its commitment to working with secure and regulated digital asset service providers.



Sharps Technology, a medical device distribution firm, has implemented a digital asset treasury strategy focused on acquiring SOL, the native token of the Solana blockchain.



The strategy is supported by capital markets fundraising, which aims to generate on-chain yield through participation in the Solana ecosystem.



Price Action: STSS shares were trading higher by 1.64% to $6.800 premarket at last check Thursday.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/10/48120352/ferrari-lifts-2025-outlook-while-betting-big-on-electric-cars-by-2030" target="_blank" rel="noreferrer noopener">Ferrari Lifts 2025 Outlook While Betting Big On Electric Cars By 2030</a></li>
</ul>



Photo by LEE WA DA via Shutterstock

Sharps Technology Bets Big On Solana With New Coinbase Partnership

You've been working hard slowly building up your crypto gains. You've had some big wins and also suffered some losses, but that hopefully isn't what keeps you up at night. Knowing where to store your assets and worrying whether or not they are truly safe likely does.



So, where should you store your crypto? This is a question that separates the casual investors from the serious ones. And truthfully, there is no &#8220;one-size-fits-all&#8221; solution here.



But one thing you need to keep in mind is that the decision to store your digital assets yourself (self-custody), or with a third party can have a massive impact on how you build wealth, your peace of mind, and even your entire financial future. Here's everything you need to know.



<h2 class="wp-block-heading">What Self-Custody Really Means</h2>



To put it simply, self-custody simply means that you are the ONLY one in control of your private keys. That means you are the bank and you are the vault.&nbsp;



Think of it like having a couple of gold bars under your mattress instead of in a bank safe deposit box. You are in total control, but the main drawback is that you are also responsible for everything (including keeping it safe).



Understanding <a href="https://www.ledger.com/what-is-a-crypto-wallet" rel="nofollow">how a crypto wallet works</a> is essential here. Whether it's a hardware wallet or software wallet in which only you know the seed phrase, this means you are practicing self-custody. No one can freeze the account; no one can tell you what you can do with your assets; and no one can deny you access for any reason.



That is very powerful, and for many people, this complete ownership is one of the core principles that the cryptocurrency industry was built upon. For everyday people, it&#8217;s an empowering concept, but in reality, it can be a heavy and stressful burden to carry, especially if you're unprepared.



<h2 class="wp-block-heading">The Case for Self-Custody</h2>



So, why do millions of investors, especially the crypto-natives, swear by self-custody? Let's dig into the key benefits:



<ul class="wp-block-list">
<li>You own your assets outright. Not your keys, not your coins. You've heard that phrase a million times. Why? Because it's the truth. When you hold your own keys, you don't have to trust any corporation or any other human with the security of your wealth. You are eliminating counter-party risk altogether.</li>
</ul>



<ul class="wp-block-list">
<li>There is no platform that can fail on you. Remember Mount Gox? <a href="https://www.benzinga.com/markets/cryptocurrency/25/07/46299634/ftx-bitcoin-recovery-might-be-one-in-a-million-most-people-never-get-lost-crypto-back">FTX</a>? Celsius? Thousands of investors lost everything because they trusted a third-party with their assets. Self-custody means you have nothing to worry about when there is a collapse of a crypto company or platform. Your assets are yours regardless of what&#8217;s going on in the rest of the market.</li>
</ul>



<ul class="wp-block-list">
<li>Privacy. Third-party platforms know everything there is to know about your holdings, your transactions, your trading patterns. Most of them are required to share that information with governments and law enforcement agencies. Aside from that, many also share your details with marketers, or worse, your information gets leaked during a hack. Self-custody gives you privacy in your financial life.</li>
</ul>



<ul class="wp-block-list">
<li>You control your own timeline. Need to move assets on Sunday at 3 AM? You can. Want to make a time-critical trade? No waiting for the third-party to approve a withdrawal. You operate on your timeline, not someone else's business hours.</li>
</ul>



<h2 class="wp-block-heading">The Brutal Reality of Self-Custody</h2>



But of course, there is some real downside that needs to be considered. When you have full custody over your coins, the harsh truth is that one mistake can mean that all of your coins are gone forever.



If you lose your seed phrase and can't access your account, there is no customer support to help you get it back. If you make a mistake and send it to the wrong address? Gone.



An estimated <a href="https://coinledger.io/research/how-much-bitcoin-is-lost" rel="nofollow">3-4 million BTC</a> (about 20% of the supply), is believed to be lost forever. This is mainly due to people making these sorts of mistakes and losing access to their wallets forever. That's billions of dollars worth of assets vanished because of forgotten passwords and damaged/lost hardware wallets.



You also need to become your very own security team. You have to think about phishing, malware, physical theft, and social engineering. One slip and your whole portfolio can be gone. The technical learning curve is also a problem for many new users coming into the space. If you aren't technically inclined, setting up proper self-custody can be overwhelming.



<h2 class="wp-block-heading">Understanding Third-Party Storage</h2>



Third-party storage refers to trusting a company to hold your assets for you. Think of the major crypto exchanges such as Coinbase, Kraken or Gemini holding your private keys on your behalf.



This is similar to putting your cash into a regular bank. They keep the keys secure, they have the insurance paid up, they handle all the technical details. You just log in with your password and it all works nice and smoothly.



For many investors, particularly those who are new to this, this method feels infinitely more comfortable as it is much more similar to how they interact with Web2 companies.



<h2 class="wp-block-heading">Why Third-Party Storage Makes Sense</h2>



The main benefits of storing your assets with a third-party is the ease of use. You get an account, put funds in &#8211; and you&#8217;re good to go. There are no hardware wallets to buy and no seed phrases to hide.



Another big benefit is that they have customer support. Forgot your password? Reset it. Locked out from your account? Call customer service. Worried about suspicious activity? There is usually a security team who will investigate any issues on your behalf.



You also get live and instant access to markets. Since your coins are already on an exchange, you can trade on any market move you want. You don&#8217;t need to transfer funds from cold storage and wait for confirmations. Overall, it's easier and more comfortable.



<h2 class="wp-block-heading">The Dark Side of Third Parties</h2>



The glaring flaw here is that you have to trust others with your money. As we have seen time and time again, platforms fail. And just because they are huge household names, it doesn't make them immune. Again, just look at Mt. Gox or FTX as an example.



Platforms can and do get hacked. They shutdown and freeze accounts, make limits to withdrawals, and comply with government confiscation orders. They <a href="https://www.benzinga.com/money/how-to-recover-funds-from-bankrupt-crypto-exchanges">go bankrupt</a>, and you become an unsecured creditor chasing after dribs and drabs.



In other words, your assets are not really yours. They are mere IOUs. The platform says you own X amount and you&#8217;re depending on them to honor that claim.



<h2 class="wp-block-heading">Final Word</h2>



If you're in the crypto arena, it's important to keep in mind that you're investing in a technology that gives you financial control and sovereignty. Don&#8217;t give that control away carelessly. But at the same time, don&#8217;t allow paranoia to stop you from using your funds and enjoying many of the amazing services and platforms that are out there.



Self custody gives you control and security, but it also comes with more responsibility for some technical chops. Third-party custody offers much more convenience and support, but the trade-off is that you need to trust the people you're "lending" your money too.



The best bet is to use a balanced strategy. Keep most of your funds in a non-custodial wallet to keep your wealth as safe as possible. But if you're an active trader or someone who likes to participate in Web3, then you absolutely could keep some of your funds live on an exchange or platform. Just always be aware that these funds could be lost or frozen at any time, so don't keep more than you can afford to lose with another party. Your future self will thank you.



Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Self-Custody vs. Third-Party Storage: How Should You Store Your Crypto

The latest crypto rally has minted 70,000 new millionaires in the past year, according to CNBC Wealth Editor Robert Frank, who says the surge in Bitcoin and AI-driven tech is creating a "new class of wealth" unlike any <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46475118/bitcoins-4-year-cycle-is-dead-researcher-says-heres-why-it-matters-for-xrp">previous financial cycle.</a>



<h3 class="wp-block-heading">Crypto Wealth Surges Past $2 Trillion</h3>



Speaking on CNBC's Squawk Box, Frank <a href="https://www.cnbc.com/video/2025/10/08/the-rise-of-crypto-millionaires-heres-what-to-know.html">said</a> there are now 240,000 people worldwide with crypto holdings worth at least $1 million, based on data from Henley &amp; Partners and New World Wealth. 



That number includes 450 centimillionaires (those holding $100 million or more in crypto) and 36 billionaires.



The total crypto market capitalization has grown by over $2 trillion in the past year, largely driven by Bitcoin's rally, which has more than doubled in value.



"The rise in Bitcoin recently helped create another 70,000 crypto millionaires," Frank said.&nbsp;



"There are now 240,000 people with crypto holdings worth $1 million or more."



<h3 class="wp-block-heading">New Spending Wave Emerges</h3>



Research cited by Frank shows that for every dollar gained in crypto wealth, investors spend about 10 cents, translating to roughly $200 billion in additional spending this year.&nbsp;



But unlike previous boom cycles where "buying Lambos" dominated, the new generation of crypto-rich investors — now mostly in their 30s and 40s — are turning their attention to real estate.



Properties in regions with strong crypto adoption, such as Miami, Texas, and Tennessee, have shown higher price appreciation during bull markets, largely due to wealth migration and low-tax incentives.



<h3 class="wp-block-heading">Crypto Investors Still Holding — Not Selling</h3>



Frank added that most large crypto holders are staying invested, with few showing signs of profit-taking.



"There seem to be two big buckets of crypto investors," he explained.&nbsp;



"The whales — long-term holders that rarely sell, and the diversified traders who aren't selling right now because they expect another big run-up."



This outlook echoes recent market commentary from macro investors such as Paul Tudor Jones, who see both inflation hedging and AI-fueled optimism as key drivers of another leg higher in digital assets.



<h3 class="wp-block-heading">AI + Bitcoin: A Converging Wealth Engine</h3>



Frank also highlighted how enthusiasm over artificial intelligence is reinforcing Bitcoin's narrative as part of the broader technological revolution.&nbsp;



The combination of speculative tech investment and hard-asset hedging has made Bitcoin a bridge between innovation and preservation of wealth.



"To the extent that crypto trades a bit like a speculative tech stock, AI euphoria is fueling the same type of wealth creation cycle," Frank said.



<h3 class="wp-block-heading">Why It Matters</h3>



The rise of 70,000 new crypto millionaires is more than a wealth statistic, it is a signal of shifting economic gravity.



Instead of funneling gains into short-term luxuries, this capital is flowing into real estate, regional markets, and long-duration assets.



That kind of allocation changes how wealth migrates, where cities grow, and which industries attract fresh investment.



Layer in AI-driven optimism, and Bitcoin becomes more than a hedge — it acts as a foundation for the next cycle of global capital formation.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48111844/cardanos-charles-hoskinson-says-100-billion-xrp-could-flood-into-defi">Cardano&#8217;s Charles Hoskinson Says $100 Billion XRP Could Flood Into DeFi</a></li>
</ul>



Image: Shutterstock

Bitcoin Minted 70,000 New Millionaires — Here's Where They're Investing Their Profits

Hyperscale Data, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GPUS">GPUS</a>) is seeing a surge in its stock price following news of a significant financial milestone. The diversified holding company has <a target="_blank" href="https://www.benzinga.com/pressreleases/25/10/n48119046/hyperscale-data-reduces-debt-by-30-million-strengthening-capital-structure-to-advance-ai-and-bitco" rel="noreferrer noopener">reduced its outstanding non-affiliated debt </a>by $30 million year-to-date, a move that not only enhances its balance sheet but also bolsters its financial flexibility.



This debt reduction positions Hyperscale Data for accelerated growth, particularly in its flagship artificial intelligence (AI) and Bitcoin data center campus in Michigan, operated through its subsidiary, Alliance Cloud Services, LLC (ACS).



The reduction, achieved through a mix of debt repayments and conversions, significantly strengthens the company&#8217;s liquidity and paves the way for securing favorable capital for future expansion.



Also Read: <a href="https://www.benzinga.com/crypto/25/09/47446125/hyperscale-data-unveils-bold-bitcoin-treasury-plan" target="_blank" rel="noreferrer noopener">Hyperscale Data Unveils Bold Bitcoin Treasury Plan</a>



&#8220;Reducing our debt by $30 million underscores our commitment to disciplined execution and financial strength,&#8221; said Milton &#8220;Todd&#8221; Ault III, Founder and Executive Chairman. &#8220;This stronger balance sheet enables us to accelerate our growth initiatives, from expanding power capacity to onboarding AI customers and advancing Bitcoin mining efficiency,&#8221; he added.



Hyperscale Data&#8217;s Michigan facility, spanning 617,000 square feet, is undergoing significant <a target="_blank" href="https://www.benzinga.com/crypto/25/09/47446125/hyperscale-data-unveils-bold-bitcoin-treasury-plan" rel="noreferrer noopener">upgrades </a>to support both AI workloads and high-efficiency Bitcoin (CRYPTO: BTC/USD) mining.



With plans to increase its power capacity from 30 megawatts (MW) to 70 MW by mid-2027 and the potential for expansion to 340 MW, the company is positioning itself as a key player in both AI infrastructure and digital asset mining.



Additionally, the recent order for 1,000 Bitmain Antminer S21+ units marks a significant step in upgrading its Bitcoin mining operations for greater efficiency.



In line with its long-term digital asset strategy, Hyperscale Data continues to hold all Bitcoin mined through its operations as part of a robust treasury, with a goal of establishing a $100 million Bitcoin reserve through open-market acquisitions.



Price Action: GPUS shares were trading 3.51% higher at $0.59 premarket at last check Thursday.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48118780/block-shares-hit-8-month-high-after-jack-dorseys-firm-announces-bitcoin-payments-for-square-pos-system" target="_blank" rel="noreferrer noopener">Block Shares Hit 8-Month High After Jack Dorsey&#8217;s Firm Announces Bitcoin Payments For Square PoS System</a></li>
</ul>



Photo by SPF via Shutterstock

	Par	Apalancamiento máximo	Corto	Largo	Gráficos	Cambio 24h

Pagar las comisiones de trading con MBG

Pagar las comisiones de trading con MBG

Sentimiento del mercado

Oportunidades de inversión

Herramientas de acceso rápido

Convierte tus activos

Compra rápida de cripto

Vende tus activos rápidamente

Opera en movimiento

App Store

Google Play

Noticias del mercado