KLEA Crypto Daily: Wednesday, October 08, 2025

Published: October 9, 2025 – 00:03 UTC

Here’s a look back at the key stories from October 08, 2025.

Coinbase Opens Staking to New Yorkers After State Approval

Coinbase has won approval from New York regulators to offer staking services in the state, allowing New Yorkers to earn rewards by staking Ether, Solana, and other digital assets directly through the platform. This marks a significant breakthrough for Coinbase after a year of legal battles over the classification of such programs.

Nasdaq-Listed Reliance Global Adds XRP to Treasury as Institutional Adoption Accelerates

XRP gains momentum as Nasdaq-listed Reliance Global includes it in its digital treasury, showcasing growing enterprise confidence in blockchain technology for speed, efficiency, and financial innovation. This move reflects the increasing adoption of XRP among corporations and the broader institutional acceptance of blockchain assets.

Bitcoin Breaks Through $126k, Uptober Breakout Continues

Bitcoin has surged to new all-time highs near $126k, breaking through the $114k–$117k supply zone, fueled by strong ETF inflows and renewed mid-tier accumulation. Despite rising leverage and crowded call positioning indicating short-term fragility, on-chain profitability remains high with small and mid-sized holders continuing to accumulate.

Bullish Partners with Deutsche Bank for Institutional Fiat Access

Bullish collaborates with Deutsche Bank to streamline fiat operations for institutional traders, enhancing regulated exchange services.

Gold Surges Beyond $4,050 as Global Turmoil Fuels Record-Breaking Rally

Gold prices have soared beyond $4,000 per ounce for the first time in history, signaling a significant moment for global markets amidst inflation fears, geopolitical instability, and concerns over fiat currency debasement.

Illinois Regulation of Digital Asset Kiosks

Illinois recently passed digital asset legislation, including the Illinois Digital Asset Kiosks Act, aimed at safeguarding consumers against scams and fraud when using digital asset kiosks, adding to the state's efforts in consumer protection.

North Dakota Plans to Launch USD-Backed Stablecoin "Roughrider Coin" in 2026

North Dakota intends to introduce a USD-backed stablecoin named "Roughrider Coin" in 2026, initially targeting interbank loans, overnight lending, and infrastructure financing among local financial institutions. The stablecoin may later expand its utility beyond the initial scope.

BONK Emerges as Potential 400% Breakout Contender, Surpassing DOGE and SHIB

BONK, a cryptocurrency, is gaining attention as a potential 400% breakout candidate, overshadowing popular tokens like Dogecoin (DOGE) and Shiba Inu (SHIB). Traders are eyeing BONK for what could be a significant surge, aligning technical indicators and on-chain data for a potential rally.

Standard Chartered Predicts $1 Trillion Shift to Stablecoins by 2028

Standard Chartered Bank forecasts a potential $1 trillion move from traditional banks to stablecoins within the next three years, driven by growing institutional and retail investor interest in blockchain-based settlement systems. This shift could account for up to 4% of the global money supply by 2028, presenting both opportunities and challenges for banks worldwide.

Litecoin Tests Support Above $116 as MACD Signals Bullish Momentum Despite Daily Decline

LTC trades at $116.19 with a -1.33% daily loss but maintains position above key moving averages while technical indicators suggest potential upside momentum ahead.

Polymarket Raises $2B at $9B Valuation from NYSE Parent

The significant news is Polymarket securing $2 billion at a $9 billion valuation from the NYSE parent company, which also includes a new integration and distribution opportunity for Polymarket.

Bitcoin Drops After ATH; BNB Cements No. 3 Spot

Despite a market downturn, BNB managed to gain nearly 3% and solidify its position as the third-largest cryptocurrency by market cap, showcasing resilience compared to other major altcoins.

North Korean Hackers Steal Record $2 Billion in Crypto

North Korea's state-backed hackers have set a new record by stealing over $2 billion in cryptocurrency this year, with experts warning that the total haul may be even higher. The regime's reliance on crypto crime to fund its nuclear and missile programs is highlighted by the scale of these thefts.

GitHub Enhances User Experience with Apple Social Login

GitHub has introduced Apple social login to provide users with a seamless sign-up process and improved security. This move follows the platform's earlier integration of Google social login, aiming to enhance user experience and accessibility.

Bit Digital Becomes One of the Largest Public Ethereum Holders

Bit Digital (NASDAQ: BTBT) has reported holding 122,187 ETH, valued at approximately $506.6 million, showcasing a significant shift towards Ethereum from Bitcoin in its blockchain investment strategy. The firm's strong staking position and strategic acquisitions highlight its growing exposure and potential profitability.

Source: KLEA News