Satoshi Nakamoto spending Bitcoin poll sees $30K bets vanish  TheStreet
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Market researcher Ed Yardeni sees gold as the “new bitcoin.”
Gold’s massive rise in 2025 is capturing investor attention, with market veteran Ed Yardeni declaring it the “new bitcoin.” 
Yardeni argued that gold has outperformed bitcoin as a safe-haven asset amidst growing geopolitical uncertainty.
“Bitcoin has been described as ‘digital gold,’ but we would describe gold as ‘physical bitcoin,’” Yardeni wrote, highlighting gold’s historical reliability compared with bitcoin’s shorter track record and risk-on behavior, Yardeni wrote in a Wednesday note from Yardeni Research reported by CNBC. 
The numbers back up his claim. Gold has surged roughly 60% year-to-date, while bitcoin’s gains have been closer to 20%. In recent weeks, gold has rallied nearly 4%, while bitcoin has fallen 9%, and the Nasdaq has dipped almost 1%. 
Gold is currently priced at over $4,200 an ounce. One year ago, it was roughly $2,600 an ounce.
The surge in gold today can be partially attributed to President Trump threatening China with “retribution” over trade, including a potential ban on Chinese cooking oil, amid longstanding tensions involving soybeans and other commodities. 
The escalation raises U.S. economic uncertainty, boosting demand for gold as a safe-haven asset.
Yardeni attributed bitcoin’s decline to liquidity strains, with around $19 billion in recent liquidations in leveraged positions, forcing some auto-deleveraging and widening market spreads.
By contrast, gold climbed after President Donald Trump hinted at 100% tariffs against China, reflecting its role as a geopolitical hedge. 
Yardeni sees gold pushing past $5,000 in 2026, potentially reaching $10,000 by decade’s end. 
“Investors seeking protection from mounting geopolitical risks have been heading for the hills to mine for gold as well as silver,” he said. 
JUST IN: The #Bitcoin Fear and Greed Index is now back at "Fear" 👀

HODL ✊ pic.twitter.com/QEZ1Cm6rEK
Bitcoin has settled near $111,000 this week, following a record high above $126,000 and one of the market’s most violent corrections in years. The rally to all-time highs was driven by renewed institutional demand, falling real yields, and growing adoption of the “debasement trade,” as investors sought protection against monetary expansion.
The recovery came after a brutal weekend that wiped out over $19 billion in leveraged positions, forcing more than 1.6 million traders to liquidate in cascading margin calls. 
Despite the turbulence, long-term holders remained steady, and metrics like Coin Days Destroyed suggested most selling came from new entrants capitulating at a loss. Bitcoin’s fundamentals, including hash rate, transaction throughput, and active addresses, continued to trend upward. 
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                                     Every time Laura publishes a story, you’ll get an alert straight to your inbox!                                       <br>Enter your email<br><br>                                           By clicking “Sign up”, you agree to receive emails from Business Insider. In addition, you accept Insider’s                                           <a href="/terms" target="_blank" rel="noopener noreferrer">Terms of Service</a> and                                           <a href="/privacy-policy" target="_blank" rel="noopener noreferrer">Privacy Policy</a>.                                         <br>                                         Every time Laura publishes a story, you’ll get an alert straight to your inbox!                                       <br>Enter your email<br><br>                                           By clicking “Sign up”, you agree to receive emails from Business Insider. In addition, you accept Insider’s                                           <a href="/terms" target="_blank" rel="noopener noreferrer">Terms of Service</a> and                                           <a href="/privacy-policy" target="_blank" rel="noopener noreferrer">Privacy Policy</a>.                                         <br>The two MIT-educated brothers accused in a <a target="_self" class="" href="https://www.businessinsider.com/crypto-brothers-peraire-bueno-trial-heist-ethereum-blockchain-arguments-2025-10" data-track-click="{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}" rel="">$25 million cryptocurrency heist</a> were determined to rip off other traders — and even laughed about their victims' losses, a prosecutor alleged Wednesday during opening statements in the siblings' fraud trial.<br>In a lower Manhattan courtroom, Assistant US Attorney Ryan Nees detailed the government's case against brothers Anton Peraire-Bueno, 25, and James Peraire-Bueno, 29, who they say orchestrated the <a target="_self" class="" href="https://www.businessinsider.com/bitcoin-ethereum-price-today-crypto-selloff-liquidation-derivatives-market-2025-9" data-track-click="{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}" rel="">Ethereum</a> blockchain theft in a matter of seconds.<br>"In 12 seconds, the defendants tricked their victims out of $25 million," the prosecutor told the <a target="_self" class="" href="https://www.businessinsider.com/crypto-fraud-trial-jury-picked-mit-brothers-peraire-bueno-2025-10" data-track-click="{&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;tout_click&quot;,&quot;index&quot;:&quot;bi_value_unassigned&quot;,&quot;product_field&quot;:&quot;bi_value_unassigned&quot;}" rel="">four-woman, eight-man jury</a>, adding that the siblings pulled off the "enormous bait-and-switch" in order to "take other people's money."<br>"The defendants' goal was to rip other people off," Nees said.<br>Nees promised the jurors that they would see private chats in which the brothers and their "co-conspirators" called "their false data poison" and "laughed about tricking their victims into buying shitcoins based on their scam bait."<br>The prosecutor told the jury that in one chat from the day after the heist, one sibling said: "The goal here is plausible deniability. Don't ask, don't tell. We shouldn't give a reason to think it's us."<br>The brothers were apparently skeptical of their own plan and referred to it in messages as "sus" — meaning suspicious — and "wondered if others would catch on" to their scheme, the prosecutor said.<br>If convicted of the conspiracy, wire fraud, and money laundering charges against them, the computer science and math-trained brothers face a maximum sentence of 20 years in prison for each count. The trial is expected to shed light on the controversial use of <a target="_blank" class="" href="https://www.forbes.com/sites/jeffkauflin/2022/10/11/the-secretive-world-of-mev-where-crypto-bots-scalp-investors-for-big-profits/" data-track-click="{&quot;click_type&quot;:&quot;other&quot;,&quot;element_name&quot;:&quot;body_link&quot;,&quot;event&quot;:&quot;outbound_click&quot;}" rel=" nofollow">bots to frontrun crypto trades.</a><br>Federal prosecutors alleged in a 19-page indictment that the Peraire-Bueno brothers stole $25 million worth of crypto from Ethereum traders in a "first-of-its-kind" fraud scheme.<br>The theft was "meticulously planned" over several months and carried out on a day in April 2023, prosecutors say in court documents. The brothers "lured" the victims' trading bots into a carefully set, fast-acting trap through "bait transactions," prosecutors allege.<br>"They planted a trade that looked like one thing from the outside but was secretly something else," Nees said in his opening arguments. "Then just as the defendant's planned, the victims took the bait. Their trap snapped shut. The defendants reeled in the trap and switched the trades. And with that switch, the defendants drained the victims' accounts of nearly $25 million."<br>Before and after the alleged exploit, prosecutors say, the brothers' Google searches included the terms: "how to wash crypto," "top crypto lawyers," "fraudulent Ethereum addresses database," and "money laundering statue [sic] of limitations."<br>Prosecutors allege that the brothers learned the trading behaviors of the victim traders before the theft and later attempted to conceal their identities and the stolen cryptocurrency funds through shell companies, private cryptocurrency addresses, and foreign cryptocurrency exchanges.<br>"They knew they had to cover their tracks," Nees told the jury on Wednesday, alleging that the brothers spent six months "carefully laundering the money."<br>The brothers, who remain out on $250,000 bail each, have firmly denied the charges against them.<br>Their attorneys have argued that there was no fraud at all and that they merely outsmarted some "predatory" automated trading bots.<br>James Peraire-Bueno's defense attorney, Katherine Trefz, in her opening statements on Wednesday, told the jury that the evidence would show the brothers and their coworkers "planned a legitimate cryptocurrency trading strategy using publicly available information."<br>"They did not believe they were making any misrepresentations or doing anything else illegal," the lawyer said.<br>Trefz said that following the "successful" strategy, the reaction in the crypto community was "mixed."<br>"Some commentators called it an exploit, sure, but others thought it was innovative, legitimate, even an inevitable strategy to see in this space," the defense attorney said. "Regardless of what people on the internet said, James and Anton remained firm in their belief that the trading strategy was fair game."<br>Anton Peraire-Bueno's attorney, William W. Fick, told the jury that the brothers "traded aggressively, but they traded in good faith."<br>"How is it even possible to allege that a pre-programmed bot was defrauded?" Fick asked the jury.<br><br><br><br><br><br><br><br><br>           Your daily guide to what&#x27;s moving markets — straight to your inbox.           <button class="label-lg-strong signup-btn" data-action="show">             Sign up <svg xmlns="http://www.w3.org/2000/svg" width="14" height="15" fill="none">       <title>chevron down icon</title>       <desc>An icon in the shape of an angle pointing down.</desc>       <path class="chevron-down-path" fill="#0A0A0A" fill-rule="evenodd" d="M11.34 3.708 6.973 8.212 2.66 3.763l-1.493 1.54 5.806 5.989 5.86-6.043-1.493-1.54Z" clip-rule="evenodd"/>     </svg>           </button>         <br>Jump to<br><br><a href="https://news.google.com/rss/articles/CBMivgFBVV95cUxQUEp3WmllbS13ckMwcmtwaVlPX0tldk5DclVkT3JZTzduRDlSSDZfU2ZqZUM0ZXVncDNmMGVJSjhkWXRxS1JrMkZDV3RERjdXM0hJbHNkOVhQc2tHWkhia1F0RG9DSFZBRzUwcXVGeEl0NHczR01xM2c2d2dCZEc3bmpqem1ndjdpejV0UHN0bk04d3BaczhIQk9LM1J3eHBlbnlHUjlSYzlrQlhRcjNzTENZMmZYWC03U1RiT1F3?oc=5">source</a>

Bitcoin (CRYPTO: BTC) is struggling around the $111,000 range, with sentiment dropping into the fear zone again.
Notable Statistics:
Notable Developments:
Trader Notes: Crypto trader IncomeSharks highlighted that he's preparing for Bitcoin's potential downside while still expecting a rally.
The current setup resembles a previous pattern, though the major sell-off may already be behind us.
Further declines would primarily affect leveraged traders rather than spot holders.
Ted Pillows noted that Bitcoin's long-term structure remains bullish. Staying above $102,000 is key to maintaining the bull run, while a monthly close below this level would raise concerns.
The Cryptomist remains optimistic about a push toward weekly high. The bullish falling wedge pattern appears intact, and a breakout could take BTC toward $116,000, with altcoins likely retesting their weekly highs.
Read Next:
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The Justice Department (DOJ) announced on Tuesday that it seized $15 billion worth of cryptocurrency and indicted the alleged orchestrator behind the cyber-enabled fraud scheme, calling it the “largest forfeiture action” in the department’s history.
The indictment was unsealed on Tuesday in federal court in Brooklyn, N.Y., charging Chen Zhi, also known as Vincent, the head of Prince Holding Group. Zhi allegedly directed Prince Group’s operation of forced-labor scam compounds across Cambodia.
“Today’s action represents one of the most significant strikes ever against the global scourge of human trafficking and cyber-enabled financial fraud,” Attorney General Pamela Bondi and Deputy Attorney General Todd Blanche said in a press release.
“By dismantling a criminal empire built on forced labor and deception, we are sending a clear message that the United States will use every tool at its disposal to defend victims, recover stolen assets, and bring to justice those who exploit the vulnerable for profit,” they added.
The U.S. government seized $15 billion in bitcoin allegedly related to the defendant’s fraud and money laundering schemes. The Justice Department alleged that Zhi held individuals against their will in compounds engaged in cryptocurrency investment fraud schemes, also known as “pig butchering,” scams.
The DOJ said that malicious actors would target victims through messaging or social media apps and “convinced them to transfer cryptocurrency to specified accounts based on false promises that the funds would be invested and generate profits.” Instead, the perpetrators allegedly stole the funds and laundered them.
There were also “phone farms” at the compounds, which the DOJ described as automated call centers that used thousands of phones and millions of phone numbers to facilitate the various fraudulent schemes.
“Today the FBI and partners executed one of the largest financial fraud takedowns in history,” said FBI Director Kash Patel. “This is an individual who allegedly operated a vast criminal network across multiple continents involving forced labor, money laundering, investment schemes, and stolen assets – targeting millions of innocent victims in the process. Justice will be done and I’m proud of the men and women of the FBI who executed the mission faithfully.”
“As alleged, the defendant was the mastermind behind a sprawling cyber-fraud empire operating under the Prince Group umbrella, a criminal enterprise built on human suffering. Trafficked workers were confined in prison-like compounds and forced to carry out online scams on an industrial scale, preying on thousands worldwide, including many here in the United States,” added Assistant Attorney General for National Security John A. Eisenberg. “This indictment and historic forfeiture, the largest in Department history, reflect our commitment to using every tool at our disposal to ensure such crimes do not pay.”

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The XRP Ledger (XRPL) is gaining momentum as experts highlight its growing role in institutional finance and tokenization. Max Avery, a recognized figure in the finance and crypto industry, has highlighted the XRPL’s current real-world traction. His remarks focus on growth through utility, separating XRP from assets driven only by market speculation.
Max Avery emphasized that institutional adoption of the XRP Ledger adds real-world use and strengthens the network’s daily utility. He stated,
“Every time a new institution starts using the XRP Ledger, it adds volume, activity, and real-world use.”
This view reinforces how Ripple’s blockchain is transitioning from theory to measurable progress.
The XRP Ledger has demonstrated consistent growth in real-world use cases, particularly in tokenized assets and cross-border payment systems. As institutions explore blockchain, XRP Ledger’s tested infrastructure appeals to those needing compliance, speed, and scalability. This makes XRPL a reliable option for integrating blockchain into existing financial workflows.
For XRP holders, the upside’s obvious.
Every time a new institution starts using the XRP Ledger to issue or trade tokenized assets, it adds volume, activity, and real-world use
Ripple’s been focused on turning the XRPL into the plumbing for trillions in tokenized assets with…
— Max Avery (@realMaxAvery) October 11, 2025

Moreover, Avery noted that progress isn’t speculative; adoption is actively happening across sectors. These integrations increase volume and reinforce confidence in the technology. The XRPL’s reliability positions it as a bridge between legacy systems and decentralized finance.
Ripple continues to develop the XRP Ledger as infrastructure for institutional tokenization and financial digitization. Avery supported this by stating Ripple is building “the plumbing for trillions in tokenized assets,” highlighting the scope of the effort. This underscores Ripple’s intention to integrate the XRP Ledger at the core of future financial systems.
The XRP Ledger supports secure, scalable operations suitable for government-backed assets, such as central bank digital currencies and tokenized commodities. Its design meets institutional-grade requirements, making it ideal for large-scale financial applications. Ripple’s strategy focuses on readiness rather than experimentation.
This readiness sets XRPL apart from competing digital assets, which often lack tested real-world integrations. The XRP Ledger’s technical foundation offers consistent transaction speeds, low costs, and energy efficiency. This practical infrastructure supports growing demand from governments, banks, and financial firms.
Despite the XRP Ledger’s growing utility, many still view XRP through a speculative lens rather than as financial infrastructure. Avery addressed this by stating that adoption is already happening, not in the distant future. The XRPL’s development is visible, yet often underreported in broader market discussions.
Ripple’s pilot programs and expanding partnerships reflect tangible movement toward integrating XRPL into institutional finance. These efforts validate Avery’s claim that XRPL is no longer an experiment, but a fully functional system. As adoption increases, the XRPL’s relevance continues to rise.
Institutional usage has expanded into areas such as tokenized real estate and commodity markets. Each new implementation reinforces XRPL’s role in connecting traditional finance with blockchain systems. The XRP Ledger stands as a strong candidate for future financial transformation.
Maxwell is a crypto-economic analyst and blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.
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Coinbase Plans to List Surging BNB After Previously Delisting Binance Stablecoin  Yahoo Finance
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The market is entering a critical stretch as the U.S. Securities and Exchange Commission (SEC) nears its long-awaited decision window for spot XRP ETFs, set between October 18 and October 25, 2025. The ruling carries weight far beyond a single asset approval — it represents a structural turning point for Ripple (XRP-USD) and its integration into institutional portfolios.
Major issuers, including Grayscale, Canary Capital, CoinShares, and WisdomTree, are awaiting clearance following the SEC’s temporary freeze during the U.S. government shutdown. The delay has injected volatility but also built anticipation. Market strategists estimate that once the freeze lifts, XRP-linked ETFs could trigger up to $10 billion in inflows within weeks — rivaling Bitcoin’s early ETF boom in scale and speed.
Even amid the SEC’s pause, institutional appetite for XRP has remained robust. CoinShares data revealed $61.6 million in inflows to XRP-related products in the week ending October 13, marking the 18th consecutive week of net gains. This consistency underscores that large investors are positioning ahead of potential ETF approval, viewing XRP not as a speculative asset but as a liquidity vehicle for institutional-grade transactions.
Nate Geraci, President of ETF Store, highlighted that several issuers have already filed amended S-1 registrations, an essential prelude to activation. “The floodgates will open the moment the SEC resumes operations,” Geraci said, describing XRP as “the next institutional bridge after Bitcoin and Ethereum.”
On October 25, as the SEC’s decision date approaches, Coinbase — one of the largest U.S. exchanges to relist XRP following the Ripple lawsuit — has scheduled a 4-hour system maintenance window, coinciding precisely with the SEC’s anticipated review period.
Market analyst ChartNerd called the timing “too precise to be random,” suggesting internal preparations for ETF-related infrastructure upgrades. Coinbase confirmed that during the window, trading, staking, and credit card transactions will be temporarily disabled, while viewing balances remains active. With Coinbase’s futures and derivatives desk also offline from 4:00 AM to 1:00 PM PT, analysts suspect this is a synchronization move aligned with potential ETF market rollout scenarios.
The ETF landscape for XRP is rapidly diversifying. Volatility Shares LLC has filed for a suite of 3x and 5x leveraged XRP ETFs, aiming to give investors amplified exposure — multiplying both gains and risks. The company already operates a 1:1 XRP ETF, launched in May, managing $189.1 million in assets with an average daily volume of $9.7 million.
According to Yahoo Finance, the XRP ETF (XRPI) trades near $14.54, with a 52-week range of $12.69–$23.53 and net assets of $198.82 million. Its peer, the REX-Osprey XRP ETF (XRPR), trades around $20.07, down 2% on the day, but within a 19.74–25.99 range. Both funds track XRP futures contracts registered with the CFTC, offering institutional-grade collateralization through high-quality securities.
However, experts like Scott Melker warn of excessive risk for retail investors. Melker criticized Volatility Shares’ new proposals as “the worst idea ever,” arguing that “offering 5x leverage on altcoins like XRP magnifies losses beyond reason.” His concern is not misplaced — during the $19 billion leveraged crypto liquidation that shook markets earlier this month, $707 million came from XRP positions alone.
While many anticipated ETF approvals in October, Greg Xethalis, a legal expert on digital assets, clarified that 19b-4 filings are procedural, not definitive. He explained that even after their effective date under Generic Listing Standards, issuers still need S-1 registration and Form 8-A compliance under the Securities Act of 1933 and 1934, both of which require active SEC review.
With the SEC frozen by the government shutdown, no progress can occur until operations resume. “We’re essentially in standby mode,” Xethalis noted, “waiting for the government to reopen.” However, he added that issuers could technically activate filings after 20 days by removing delaying amendments — though exchanges like CBOE BZX, NYSE Arca, and Nasdaq are unlikely to proceed until the SEC formally resumes oversight.
The anticipation around ETFs has already rippled through the on-chain ecosystem. Decentralized Exchange (DEX) volume on the XRP Ledger (XRPL) surged 203%, indicating growing preference for native trading. This spike, coupled with falling centralized exchange balances, signals tightening supply — a factor that typically exerts upward price pressure when demand accelerates.
At the same time, institutional XRP demand continues to spill into the derivatives and futures markets. CME Group has already begun facilitating options on XRP futures, expanding regulated exposure alongside Solana. The first trade between Wintermute and Superstate confirmed institutional readiness for XRP-based derivatives.
XRP-USD currently trades near $2.43, down 3.26% on the day but still holding a year-to-date gain of over 160%. Analysts project that a successful ETF approval could catapult XRP toward $4.25–$5.50, with speculative momentum possibly lifting it toward $7–$8 under euphoric conditions.
In contrast, if the SEC extends its review window into late November, XRP could consolidate between $2.20 and $2.80, forming a technical base before the next breakout phase. On-chain analysts note that the XRP Ledger’s supply contraction and DEX liquidity boom could amplify upward moves once institutional ETF demand materializes.
The 5x leverage ETF proposal has divided the market. Bloomberg ETF analyst Eric Balchunas noted that the SEC has not yet approved any 3x crypto ETF, let alone 5x. However, he warned that if the shutdown continues, the applications might automatically take effect within 75 days, placing a tentative launch around December 29, 2025.
Henry Jim, another ETF expert, echoed that timeline and added that if approved, these funds could “redefine volatility metrics across the altcoin ETF universe.” Still, the SEC may intervene once it resumes, delaying leveraged crypto products until after the spot ETF cycle concludes.
The arrival of spot and leveraged XRP ETFs will do more than boost price — it will institutionalize liquidity. XRP’s integration into regulated investment frameworks could reposition it from a cross-border payment token into a multi-institutional liquidity bridge asset.
Data from Yahoo Finance shows the XRP ETF (XRPI) maintains $198.82 million in net assets, while category averages in digital-asset ETFs returned 56.37% over the past year. Once ETFs are approved, that liquidity could scale into billions, absorbing volatility while increasing XRP’s macro relevance alongside Bitcoin and Ethereum.
Despite near-term uncertainty, sentiment remains bullish. The Fear & Greed Index for crypto markets hovers near 41, signaling cautious optimism. Institutional investors view XRP’s low exchange supply and ETF readiness as signs of strategic accumulation potential.
ETF Store President Nate Geraci reiterated that XRP’s approval would be “the final step in legitimizing digital assets as core portfolio holdings.” Meanwhile, Ripple’s expanding partnerships, including Absa Bank’s custody deal in Africa, continue to strengthen its global footprint in regulated financial infrastructure.
All data points converge toward a bullish setup. Institutional inflows are accelerating, DEX activity is surging, and ETF approval—though delayed—is inevitable. Ripple’s regulatory clarity and expanding infrastructure create a structural investment case unmatched among altcoins.
With XRP at $2.43, the risk-reward skew favors accumulation. A confirmed ETF launch could drive XRP above $5 in the near term and position it toward $7–$8 under full speculative rotation. Institutional demand is no longer speculative—it’s measurable.
Final Rating: Buy
XRP-USD stands at the intersection of regulatory breakthrough and liquidity expansion, supported by on-chain growth, institutional positioning, and ETF-driven demand. Once the SEC resumes, XRP ETFs could transform the asset into the third institutional pillar of crypto investing after BTC and ETH, solidifying its long-term trajectory above $5.
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