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The $17 billion lesson: how retail turned Bitcoin proxy plays into pain trade – CryptoSlate

A new 10X Research report reveals that retail investors lost $17 billion chasing indirect Bitcoin exposure through firms like Metaplanet and Strategy.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
There’s a grim symmetry to every crypto boom: an idea born from freedom eventually gets packaged, securitized, and sold back to the masses, this time at a hefty premium. According to a new 10XResearch report, retail investors have collectively lost $17 billion trying to gain indirect Bitcoin exposure through listed “digital asset treasury” companies like Metaplanet and Strategy.
The logic made sense on paper. Why bother managing a private wallet or navigating ETF inefficiencies when you could simply buy shares in firms that hold Bitcoin themselves? Strategy had turned this ‘strategy’ into something of a cult playbook. They inspired a wave of corporate imitators from Tokyo to Toronto.
By mid‑2025, dozens of small to mid‑cap “Bitcoin treasuries” had emerged, some genuine, others opportunistic, pitching themselves as pure‑play proxies for Bitcoin’s upside.
But there was one fatal flaw: valuation drift. 10X Research notes that at the height of the rally, the equity premiums on these stocks reached absurd levels. In some cases, companies traded at 40–50% above their net Bitcoin per‑share value. This was driven by momentum traders and retail enthusiasm rather than underlying assets. According to Bloomberg, it soon stopped being exposure to Bitcoin and became exposure to crowd psychology.
As Bitcoin corrected 13% in October, the effect on these treasuries was magnified. The stocks didn’t just track Bitcoin lower. They cratered, wiping out paper wealth at more than double the rate of the underlying asset’s decline. Strategy fell nearly 35% from its recent peak, while Metaplanet plunged over 50%, erasing the majority of its speculative summer gains.
For late‑entry retail holders, the drawdown wasn’t just painful; it was devastating. 10X Research estimates that since August, retail portfolios focused on digital asset treasury equities have collectively lost around $17 billion. This was concentrated largely among unhedged individual investors in the U.S., Japan, and Europe.
There is irony here: Bitcoin was designed as a self‑sovereign asset, outside the gatekeeping of financial intermediaries. Yet, as it became institutionalized, retail investors found themselves back in familiar territory, buying someone else’s version of Bitcoin through public equities.
These proxies came wrapped in glossy narratives of “corporate conviction,” complete with charismatic CEOs and open‑source branding. In practice, they turned out to be leveraged plays on Bitcoin using corporate balance sheets; a risky bet in a tightening liquidity environment.
When macro headwinds from Washington and Beijing triggered the latest wave of deleveraging, these proxy trades unwound with surgical precision. They hit the same investors who believed they’d found a smarter way to HODL.
There’s little solace in the numbers. But for anyone watching Bitcoin’s cyclical dance between innovation and euphoria, the lesson stands. The closer crypto edges to traditional markets, the more it inherits their distortions. Owning an idea through a company that monetizes belief might be convenient, even exciting, but convenience has a cost.
As 10X Research put it bluntly, equity wrappers for digital assets are not substitutes for the assets themselves. In this chapter of the Bitcoin story, that difference has already cost retail investors 17 billion reasons to remember why decentralization was so appealing in the first place.
Christina is a web3 writer, editor, and content manager with a passion for technology and starting important conversations. As an industry OG, she’s not phased by market volatility and frequently scrimps on Starbucks to BTFD.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Strategy, previously known as MicroStrategy, is an American software company specializing in enterprise analytics, mobility software, and cloud-based services.
Metaplanet Inc., a publicly traded company listed on the Tokyo Stock Exchange (3350), is a Japanese company that has undergone a strategic transformation to focus on Bitcoin.
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Pi Coin News: Binance Might Never List Pi, Here’s Why – TradingView

Pi Coin is once again facing pressure in the market. The token is currently trading around $0.2109, down about 2.5% in 24 hours, and it has been falling for several months. Once seen as a promising community-driven project, Pi reached as high as $2.98 before fading as interest slowed.
Much of the early excitement came from rumors that Binance, the world’s largest crypto exchange, would list Pi. The idea fueled excitement among holders, and a Binance community poll even showed majority support for listing. But as time passed with no official move, the hype cooled.
Why Binance Listing Matters
A listing on Binance often signals legitimacy and provides exposure to millions of traders. For Pi Network, it would mean liquidity, attention, and likely a price recovery. But Binance has strict listing standards. Each project must meet technical, regulatory, and operational benchmarks before consideration.
What CZ and Binance’s Co-Founder Said
Recently, Binance’s Changpeng Zhao (CZ) commented on how exchanges decide which coins to list. Though he did not mention Pi directly, his statements may help explain the delay. CZ said that “strong projects don’t need to pay or ask for listings, exchanges will compete to list them.”
Unpopular opinion post:
On Listing "Fees" (saw this a few times recently)
1. If you are a project complaining about listing airdrops or "fees" (to users),
Don't pay it.
If your project is strong, exchanges will race to list your coin.
If you have to beg an exchange to list,… https://t.co/DtEMb4RdS0
He added that projects should focus on product development and community building rather than pursuing exchange listings. Exchanges, he said, use different listing models, such as charging listing fees, requiring airdrops, or offering refundable security deposits to protect users from scams.
Binance co-founder He Yi also clarified that deposits related to listings are refundable and that marketing fees go toward user engagement activities like trading competitions and educational content.
The Unspoken Message
While neither CZ nor He Yi mentioned Pi Network, their comments might give an idea why the token remains unlisted. Binance prioritizes strong fundamentals, regulatory clarity, and transparent operations. Pi Network’s long-delayed open mainnet and lack of tradable liquidity may be possible reasons it has not met Binance’s criteria yet.
Until Pi completes its blockchain upgrade, achieves regulatory compliance, and shows active on-chain usage, a Binance listing appears unlikely.
Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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Yemane Abreha: Holly Springs man wins $100K grand prize in second-chance drawing – ABC11

RALEIGH, N.C. (WTVD) — A Holly Springs man won $100,000 grand prize in a second-chance drawing.
"It was a really happy moment," Yemane Abreha said.
His winning entry was among 638,541 in the Oct. 8 drawing.
After state and federal tax withholdings, Abreha took home $71,750. He plans to use the money to remodel his house and support his family.
Players entered the drawing by scanning their Mega Millions tickets into their lottery accounts. Other prizes included five $10,000 winners and 35 $2,500 winners.

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The Next Era of Predictable Passive Income in Crypto – Digital Journal

As global markets remain trapped between inflationary pressures and tightening monetary policies, investors are turning toward blockchain-based yield solutions that offer both stability and growth potential.
BTC Miner, a UK-based AI-driven cloud mining platform, has officially launched its new “AI Smart Contract” system — combining artificial intelligence, renewable energy, and insured mining infrastructure to deliver sustainable, fixed-yield crypto income for investors worldwide.
By fusing automation, transparency, and green technology, BTC Miner aims to redefine how individuals and institutions earn from the digital economy — without owning a single mining rig.
Traditional Bitcoin mining requires expensive hardware, technical know-how, and continuous maintenance. BTC Miner removes these barriers through an AI allocation engine that dynamically redistributes computational resources based on:
The system autonomously optimizes performance across top cryptocurrencies — including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and USDC — ensuring users receive steady, optimized returns.
BTC Miner’s smart contracts currently offer daily ROI rates of up to 6.63%, providing a balance of profitability and predictability rarely seen in decentralized finance.
BTC Miner was designed for accessibility. New users can begin mining instantly — no hardware, no setup, no experience required.
Highlights:
Example Scenarios:
This combination of low barriers and high transparency positions BTC Miner as a gateway for global investors to earn from Bitcoin without volatility.
BTC Miner ensures investor confidence through multiple layers of protection:
In an industry often criticized for risk, BTC Miner provides institutional-level safety within a retail-accessible environment.
While Bitcoin mining’s environmental impact has long been a concern, BTC Miner is pioneering green-powered cloud mining.
Its data centers — located in Iceland, Norway, and Canada — are powered by hydroelectric, wind, and solar energy, minimizing the carbon footprint of each mined block.
AI-regulated energy efficiency ensures operations remain sustainable while aligning with ESG (Environmental, Social, and Governance) standards favored by global investors.
Starting with BTC Miner is effortless:
Within minutes, users can transform idle crypto assets into a stable income stream.
With Bitcoin adoption surging and Ethereum’s ETF approval accelerating institutional inflows, the digital asset sector is entering a new growth cycle.
BTC Miner’s scalable AI infrastructure positions it at the forefront of this transformation — bridging retail participation with enterprise-grade reliability.
According to Cambridge data, over 75% of Bitcoin’s global hash rate is now concentrated in renewable-powered regions. As more nations integrate clean energy mining, BTC Miner’s eco-aligned strategy provides a decisive long-term advantage.
The age of AI-driven, sustainable passive income is here.
BTC Miner is not just simplifying Bitcoin mining — it’s reinventing how investors participate in the decentralized economy.
Through intelligent automation, transparent contracts, renewable energy, and robust insurance, BTC Miner delivers profitability with peace of mind.
For investors seeking predictable returns in an unpredictable world, BTC Miner stands as the future of passive crypto income.
Start mining today at https://btcminer.net
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk, including total loss of capital. Readers should conduct independent research and consult licensed advisors before making any financial decisions.
Crypto Press Release Distribution by BTCPressWire.com
COMTEX_469621617/2909/2025-10-18T09:52:12

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Blessing CEO Announces Breakup With IVD, Declares She’s Single Again – gistlover.com


Popular Nigerian relationship expert, Blessing CEO, has stirred reactions online after announcing that she is single again.
In a recent social media post, Blessing revealed that she is “back on the streets,” sparking surprise among fans and followers.
The therapist had been in a relationship with auto dealer IVD for several months, and the pair were even engaged. Their relationship was often on public display, with the couple sharing affectionate moments and lavish gestures on social media.
Her latest revelation comes just months after their romantic getaway to Doha, where Blessing was seen trying on wedding dresses and hinting at an upcoming marriage.
While she has yet to disclose what led to the breakup, many fans have flooded her page with questions, eager to know what went wrong between the once-loved-up couple.
She wrote online:
“Public service Announcements. I am now single. Thank you. Back to the street 🙏Public Service announcement. Officially ending the content creation between us. Thanks for the love and engagement. Back to my controversy love is not for me 🙏. Officially selling the ring or giving it out. Thanks for all your support 🙏Na to cover the tattoo for my neck with flower 😒.”
See post here:
A post shared by Blessing Okoro (@officialbblessingceo)
A post shared by Blessing Okoro (@officialbblessingceo)
Read some comments below:
@augustawilfredd:”You want to end something with someone and still posted both you together 😂😂😂. Keep whining us 😂😂.”
@oma_for_short:”You never ready to enter street back😂😂😂 if you ready we go know, why you still wear ring 😂😂😂😂.”
@victoria_ene11:”Mama na lie ooo, no try me abeg. This your relationship wey I been dey use am console myself? You no go run me street like this abeg😭😭😭😭.”
@chiwang_tv:”We the single ones dont need you Abeg ooo go back to our man Abeg he is doing a grate job Abeg ❤️❤️❤️.”
@tifeh_proteins:”I know say nah play 😂😂 abeg one better person should share or buy me a data 🙏😩.”
@homeessentialliquidwash:”Remove the profile picture first,then I’ll believe you. Lover girl😂😂😂.”
@foreverjoco:”You think say we be small pikin? so all the kisses and touchy touchy na content too?😂.”
@nwigweannastecia:”Blessing CEO want to whine us but we know go panic.”
@gteezah_glow_empire:”Make una pour me water guy 🥺All my millions.”
@nonyelum_chy:”What about the Knacking, I mean the ezigbo otu olara gi 😂 the first.”

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Gen Z Lottery Winner Chooses $1000 A Week For Life Over $1 Million Lump Sum So She Can Buy A House – YourTango

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Written on Oct 18, 2025
A Gen Z lottery winner chose a less popular approach to her windfall, opting not to receive it in a lump sum. If time is on your side, like this young woman, it’s not a bad plan, but choosing $1,000 a week for life is still risky.
20-year-old Brenda Aubin-Vega from Montreal was pleasantly surprised to learn that she was the newest winner of a $1 million lottery after haphazardly buying and scratching a Gagnant à Vie ticket. However, compared to past winners, Aubin-Vega decided that she wanted the money to be paid to her weekly so that she could actually invest properly in her future.
“I couldn’t believe my eyes! I checked my ticket over and over again,” Aubin-Vega said while claiming her prize with Loto-Québec. Shocked at the sudden win of a lifetime, she called her father, then took the rest of the day off to let it all sink in.
Aubin-Vega had discovered three piggy bank symbols on her ticket, meaning she was now a millionaire. For winners of Gagnant à Vie, they can choose between a lump sum of $1 million up front or a $1,000 weekly annuity. Aubin-Vega decided on the latter and said she plans to use the steady income to eventually buy a home.
RELATED: Man Who Won $5000 A Week For Life Now In Danger Of Losing Everything After Publishers Clearing House Went Bankrupt
Usually, most lottery winners choose the lump sum, because at $1,000 a week, it would take 1,000 weeks, or 19 years, for Aubin-Vega to reach $1 million. If you were smart with your money, though, and actually chose to invest it, the weekly payments could double over 21 years. Either way, it’s definitely a smart decision on Aubin-Vega’s part, especially when you look at the number of lottery winners who end up going broke or having to file for bankruptcy.
A statistic from the National Endowment for Financial Education in America claimed that 70% of lottery winners go bankrupt within a couple of years, but that figure was grossly overestimated. There was another large-scale study from Florida that found that filing for bankruptcy was relatively rare among lottery winners, and it made no difference whether they won less than $10,000 or more than $50,000.
But, apart from the fact that Aubin-Vega’s weekly payout eliminates the risk of losing it all right away, she has time on her side because she’s so young. Using it to her advantage is smart and will help her break the curse of Gen Z not being able to afford a home. At the same time, it’s proving the point that becoming a homeowner means needing at least $1 million to make the purchase and still feel secure afterwards.
RELATED: Gen Z Woman Sobs After Realizing Her Student Loan Interest Rate — ‘This Should Not Be Legal’
Gen Z woman can't afford home but trying to save Nan Tun Nay | Shutterstock
According to the National Association of Realtors, Americans need to earn six figures to afford a median-priced home, which is currently more than $422,000. Because of that, a lot of younger generations, like Gen Z and millennials, have been excluded from the homeownership club because they just can’t afford it.
Many Gen Z adults, in particular, have resigned themselves to the fact that they most likely will never own a home of their own. Unless, of course, they end up winning the lottery like Aubin-Vega. 
Aubin-Vega might not be taking the most conventional route with her lottery winnings, but rather than rushing out to splurge on flashy items, she’s thinking more long-term.
While Gen Z are often labeled “lazy” and “irresponsible,” Aubin-Vega is proving that those stereotypes aren’t the reason Gen Z aren’t reaching the milestones their parents and grandparents might’ve reached at their ages. It’s also proving just how messed up the economy is that the only way a young person can ever afford to own a home is to win the lottery.
RELATED: Gen Z Is So Broke They’re Only Going On Dates For The Free Meal, Survey Finds
Nia Tipton is a staff writer with a bachelor’s degree in creative writing and journalism who covers news and lifestyle topics that focus on psychology, relationships, and the human experience.
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'Rich Dad Poor Dad' Author Calls Bitcoin, Ethereum and These 2 Assets 'Real Money' – TradingView

The crypto market reversed on Saturday after an earlier drop on Friday, which tracked Wall Street losses amid jitters on banking concerns and trade tensions.
Bitcoin fell to a low of $103,516 on Friday, marking four consecutive days of drop since Oct. 13 as macro uncertainty and liquidity stress kept traders cautious across crypto markets. Gold's price also fell after reaching a record high at $4,379 earlier on Friday. Silver mirrored the drop in Bitcoin and gold, falling as the broader precious metals group retraced after a steady rally this week.
Investors also considered the ongoing government shutdown, which is in its third week, as lawmakers fail to reach an agreement on the federal budget. During the shutdown, federal agencies have suspended releases of crucial economic data, not allowing investors to properly assess the health of the U.S. economy.
At the time of writing, Bitcoin had recouped part of its losses, up 1.5% in the last 24 hours to $107,292.
"Rich Dad Poor Dad" author defines real money
In a tweet, "Rich Dad Poor Dad" author Robert Kiyosaki acknowledges a rebound in gold, silver, Bitcoin and Ethereum prices, revealing his excitement about this.
THE RICH get RICHER: while I am personally happy gold, silver, Bitcoin, Ethereum are going up…. My concern is the price of life…. AKA…inflation….makes life harder on the poor and middle class.
Please do your best to not be a victim of a broken and corrupt monetary system.…
While a rebound is happening across various assets, Kiyosaki calls attention to what he calls the "price of life," that is inflation, which he claims "makes life harder on the poor and middle class."
In this light, Kiyosaki urges his followers not to be a victim of a broken and corrupt monetary system.
The "Rich Dad Poor Dad" author went on to define what real money is, which he says is never government money. He names gold, silver, Bitcoin and Ethereum as "real money," which he says is what is to be saved.
Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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XRP trades near key support after Ripple reveals $1B treasury plan – CoinCentral

Ripple’s new $1 billion treasury plan has drawn wide attention as XRP trades near key support levels. Investors are closely watching whether this move could strengthen market confidence and trigger a rebound in XRP’s price. While the broader crypto market remains cautious, Ripple’s latest step aims to enhance liquidity and stabilize long-term utility for the token.
XRP continues to trade within a narrow range between $2.00 and $2.30. The asset has shown limited upward momentum after recent market swings. On the daily chart, XRP has maintained its position near the lower boundary of a descending channel. Analysts note that this pattern mirrors earlier price setups that led to strong upward movements.
At the time of writing, XRP trades around $2.29, marking a daily drop of nearly 3.85%. Traders are watching the accumulation zone between $2.00 and $2.20 as a key level for potential buying activity. If this area holds, market participants expect a possible move toward $2.72, followed by a rise to $3.32. A confirmed break above $3.32 could signal renewed bullish strength, with further resistance seen near $3.67. However, if XRP fails to sustain the $2.00 zone, it may face a deeper pullback toward $1.90.
Market analysts describe this as a familiar phase for XRP. The token has often consolidated in similar structures before strong recoveries. Current conditions show active buyers near the lower support zone, which may help limit downside pressure in the short term.
Ripple has announced a plan to establish a $1 billion XRP treasury fund. The company intends to raise capital through a special purpose acquisition company and allocate part of its existing XRP holdings. The treasury will act as a dedicated liquidity pool to support enterprise adoption and cross-border payments.
According to Ripple executives, the treasury aims to strengthen financial operations and provide stability across its payment network. It also supports Ripple’s long-term goal of building a robust infrastructure for digital assets. The fund is expected to improve liquidity depth, allowing institutions to access XRP for various financial solutions.
This initiative follows Ripple’s acquisition of GTreasury, a company specializing in liquidity and cash management. The acquisition expands Ripple’s capabilities in managing large-scale financial operations, making it better equipped to serve corporate and institutional clients. The combined effort of the treasury and GTreasury integration could enhance Ripple’s role in the global payment sector.
The announcement has brought renewed attention to XRP’s position in the crypto market. While short-term price action remains cautious, the treasury plan signals Ripple’s confidence in XRP’s long-term role. Traders are closely tracking price movements around the current accumulation zone, which could determine the next market direction.
If buying interest increases near $2.00, XRP may regain momentum toward previous resistance levels. Market participants view this range as a critical area for accumulation before a potential rebound. On the other hand, continued market uncertainty could delay recovery attempts and extend the current consolidation phase.
Ripple’s new treasury plan represents a structured step to enhance liquidity and reinforce institutional trust in XRP. The next few weeks will be important for assessing how this initiative influences price stability and market participation.
Kelvin Munene is a crypto and finance journalist with over 5 years of experience in market analysis and expert commentary. He holds a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Analytics Insight. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions. Outside of work, he enjoys chess, traveling, and exploring new adventures.
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