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BNB, the native token powering the Binance Smart Chain ecosystem, has surpassed XRP to become the third largest cryptocurrency by market value today.

BNB has been gaining momentum against XRP in recent months, with the Binance-native token benefiting from increased activity in decentralized exchange operations and broader ecosystem adoption.

XRP currently faces competitive pressure from rivals like BNB while market participants await potential regulatory developments. Discussions around possible ETF approval for XRP continue, which could alter market dynamics and impact its positioning relative to other major crypto assets.

The shift places BNB behind only Bitcoin and Ethereum in terms of total market value among crypto assets.

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BlackRock and Fidelity’s spot Bitcoin ETFs recorded $5.5 billion in trading volume today, highlighting continued institutional interest in crypto assets.

BlackRock’s IBIT has emerged as a dominant force in spot Bitcoin ETFs, driving the majority of recent inflows and controlling significant liquidity as of early October 2025. The asset manager holds a notable portion of Bitcoin’s circulating supply through its ETF product.

Fidelity’s FBTC is actively contributing to capital cycling among spot Bitcoin ETFs, reflecting broader institutional accumulation strategies. In late September 2025, the investment firm demonstrated aggressive rotation of capital within the sector as institutional adoption of Bitcoin through spot ETFs continued to gain momentum.

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Bitcoin climbed over $125,000 driven by retail demand amid the ongoing US government shutdown, according to QCP Capital, a cryptocurrency trading and analysis firm.

The surge reflects renewed accumulation as investors turn to Bitcoin. Retail investors are driving demand through spot purchases, coinciding with trends showing whales keeping coins off exchanges and in long-term storage.

Bitcoin is increasingly positioned as a safe-haven asset during federal shutdowns, which halt non-essential services and delay economic data releases, heightening uncertainty for traditional markets.

The US government shutdown is causing furloughs at agencies like the SEC, potentially delaying cryptocurrency-related approvals and reviews.

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Gold is positioned to reach $4,000 per ounce as retail demand continues to surge, according to The Wall Street Journal. The precious metal has attracted significant interest from individual investors seeking alternatives amid economic uncertainties.

Private investors have shifted from traditional assets like treasuries to gold, amplifying upward price momentum. The trend has been supported by increased enthusiasm for gold through exchange-traded funds in 2025.

Central banks have actively increased their gold holdings as a hedge against geopolitical risks and currency devaluation. This institutional demand has reinforced the broader trend driving retail interest in the precious metal.

Goldman Sachs has updated forecasts to emphasize sustained central bank and investor demand for gold, highlighting its growing role in diversified investment portfolios.

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DoubleZero co-founder Austin Federa confirmed today that the DoubleZero Foundation has not sold any tokens. DoubleZero is a blockchain protocol focused on building a dedicated high-performance physical data network to enhance global connectivity for high-speed applications.

The clarification addresses potential concerns about foundation token movements. The DoubleZero Foundation operates as an entity supporting the development, decentralization, security, and adoption of the DoubleZero network.

DoubleZero recently received confirmation from the SEC that its native token flows to network contributors are not subject to securities registration requirements, marking a key milestone for the protocol’s compliance efforts.

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Around $80 million in crypto short positions were liquidated in the past 60 minutes as digital asset prices surged higher, forcing bearish traders to close their positions at losses.

Recent market activity has shown bearish traders increasingly under pressure from sudden price surges across major digital assets. The forced closure of short positions often signals strengthening bullish sentiment in the crypto market.

Liquidations typically occur when traders’ positions move against them beyond their margin requirements, forcing exchanges to automatically close the trades to prevent further losses. The $80 million figure represents the total value of short positions that were forcibly closed during the price rally.

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FG Nexus is teaming up with Securitize to tokenize its shares on the Ethereum blockchain, the company announced Thursday. Shareholders will be able to elect to convert their common stock into tokenized shares.

The move makes FG Nexus one of the earliest Nasdaq-listed companies to extend tokenization options for common stock on Ethereum.

The company, which recently pivoted to an Ethereum treasury strategy, will also pioneer the tokenization of a dividend-paying, exchange-listed perpetual preferred share.

“FG Nexus’ agreement with Securitize positions the Company at the forefront of financial innovation and demonstrates our commitment to leveraging cutting-edge solutions that benefit our investor community,” said Kyle Cerminara, Co-Founder, Chairman & CEO of FG Nexus.

The tokenization process will utilize Securitize’s regulated infrastructure, including its SEC-registered broker-dealer, Alternative Trading System (ATS), and transfer agent services. This ensures tokenized shares represent legal ownership and can be traded onchain, subject to traditional share transfer restrictions.

“Public markets are entering the programmable age. Our project with FG Nexus is expected to result in US investors being able to hold real stock, not a synthetic wrapper, with instant settlement, automated compliance, and the ability to trade onchain through our regulated ATS,” said Carlos Domingo, Co-Founder & CEO of Securitize.

According to Maja Vujinovic, CEO of Digital Assets at FG Nexus, tokenization is reshaping financial markets by improving efficiency and investor reach. She noted that the company’s decision to tokenize its shares reflects both a commitment to blockchain innovation and regulatory compliance.

FG Nexus recently raised around $200 million in a private placement to fund its Ethereum acquisitions. The company currently holds around 47,331 ETH worth around $208 million.

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