KLEA Crypto Daily: Friday, October 10, 2025

Published: October 11, 2025 – 00:03 UTC

Here’s a look back at the key stories from October 10, 2025.

Bitcoin Plummets to $105K, Suffers $8B Liquidation Amid Renewed US–China Tariff Clash

Bitcoin faced a sharp drop to $105,000 following renewed trade conflict between the US and China, triggering a global market sell-off. The cryptocurrency's value plummeted in response to new tariff threats from the White House, sparking fears of a trade war.

Global Banks Form Group to Explore G7 Stablecoin

Ten major banks, including Bank of America and Goldman Sachs, are collaborating to explore the development of a stablecoin tied to G7 currencies. This initiative reflects a growing interest in blockchain-based settlement systems within traditional finance, aiming to enhance efficiency while ensuring regulatory compliance.

Trump Announces 100% Tariff on China

U.S. President Donald Trump has declared plans to impose a 100% tariff on China, in addition to existing tariffs, starting on November 1. This move is expected to have significant implications for global trade relations.

Morgan Stanley Opens Crypto Access to All Clients, Including 401(k) Plans

Morgan Stanley announces that all clients, including those with retirement accounts, can now invest in cryptocurrency funds starting October 15, marking a significant broadening of access to digital assets within the wealth management firm.

Ethereum Crashes To $4,100 As Senate Democrats Take Aim At DeFi

Ethereum's price drops to $4,100 following regulatory concerns from Senate Democrats targeting decentralized finance, with technical indicators signaling a potential retest of $3,800 support.

Kalshi Raises $300 Million at $5 Billion Valuation, Expands to 140 Countries

Kalshi, the U.S.-based prediction market startup, has raised over $300 million, valuing the company at $5 billion. This funding round, led by Sequoia Capital and Andreessen Horowitz, sets the stage for rapid international expansion to over 140 countries.

Privacy Advocates Urge Ireland to Scrap Encryption ‘Backdoor’ Proposal

The Global Encryption Coalition and other privacy groups are calling on the Irish government to abandon a bill that would allow police access to encrypted messages. Concerns over weakening encryption standards and the potential global impact have sparked opposition to the proposed legislation.

IncomRWA Launches to Bring Real-World Trade Finance Yields On-Chain

IncomRWA has officially launched, offering decentralized finance users access to USD-denominated yields backed by global trade receivables through its native $iRWA token. This development bridges traditional trade finance mechanisms with decentralized financial infrastructure, providing a sustainable alternative for DeFi yield.

Eightco Holdings Inc. ($ORBS) Expands its Strategic Vision into the Enterprise

Eightco Holdings Inc. announced a new pilot program focused on advancing AI authentication for the enterprise, aiming to address emerging identity and verification challenges as corporations scale their use of AI. Supported by strategic investors, Eightco is driving the development of a universal framework for digital identity and authentication.

Zcash Soars 434% in 30 Days, Market Cap Tops $4B

Zcash (ZEC) surged over 50% in 24 hours on Oct. 10, reaching $267 and marking a 90% weekly gain, pushing its market cap above $4 billion for the first time since November 2021.

Railgun Token Soars 300% as Ethereum Foundation Integrates Protocol into Privacy Wallet Toolkit

Railgun's governance token, RAIL, surged almost 300% after the Ethereum Foundation integrated the protocol into a new wallet toolkit, boosting its market value to nearly $300 million and signaling confidence in the project.

Bitcoin ETFs Record $200 Million in Inflows as BlackRock Leads Institutional Push

Bitcoin exchange-traded funds (ETFs) in the United States saw nearly $200 million in net inflows on Thursday, October 9, signaling renewed institutional confidence in the digital asset sector. BlackRock’s iShares Bitcoin Trust (IBIT) recorded $255.5 million in inflows, solidifying its position as the top Bitcoin ETF issuer.

Bitwise Adds Staking Feature to Its Proposed Solana ETF

Bitwise Asset Management has filed an amended Solana ETF application with the U.S. Securities and Exchange Commission (SEC), introducing staking as part of the fund’s strategy. If approved, the Bitwise Solana Staking ETF would allow investors to gain exposure not only to Solana’s market price but also to staking rewards generated through its proof-of-stake (PoS) mechanism.

Decentralized Exchanges Post Record $1.43T Q3 Volume: What It Means for Price Discovery

Decentralized exchanges (DEX) registered $1.43 trillion in spot volume during the third quarter, marking the strongest quarterly performance on record and signaling a structural shift in how crypto markets establish prices. The milestone demonstrates that decentralized platforms kept pace with centralized counterparts during a period of elevated trading activity, a feat that suggests maturing infrastructure.

Source: KLEA News