Bitcoin flipped volatile as CPI data came in lower than expected, but failed to follow stocks as they hit fresh all-time highs on Fed rate-cut optimism. Key points: Bitcoin price action whipsaws around a cooler-than-expected CPI print. Optimism on risk assets increases, with the Federal Reserve seen continuing interest-rate cuts through 2026. Read more
Ethereum bulls pushed the price above $4,000 as traders monitored a smart trader’s activity and projected higher ETH prices. Key takeaways: Ether’s price tests $4,000 as a highly successful trader expects further gains in the ETH price. Traders say ETH is poised for an upside move, citing strong technicals and a declining balance on exchanges. Read more
Traditional diversification enforces market mediocrity. Agentic AI tools offer retail investors institutional-grade analysis. Opinion by: Saad Naja, CEO of PiP World For decades, retail investors have been sold a lie: diversify, track the benchmark, play it safe. That lie has only one outcome: permanent mediocrity. Diversification has been Wall Street’s leash on the masses — a clever trick to keep households tethered to “average.” It protects you from ruin, yes, but it also ensures you’ll never be free. The ultra-wealthy have never played by those rules. They concentrate capital in paradigm shifts across AI, crypto and biotech with asymmetric upside. Read more
A major update to Counter-Strike 2’s item mechanics wiped nearly $2 billion from its $5.8 billion skin market, igniting debate over central control in gaming. The multibillion-dollar market for cosmetic items in the popular esports first-person shooter game Counter-Strike 2 crashed following an update to its mechanics. According to an Oct. 8 report by Esports News, the Counter-Strike 2 skin market at the time reached a new high of nearly $5.78 billion. A separate Thursday report by Eurogamer said that almost $2 billion of this market was liquidated following a recent game update. The game’s producer, Valve, has changed the trade-up system so that players can now convert five low-rarity (covert level) skins into a knife or a pair of gloves, which were previously exceedingly rare. That instantly increased the supply of knives and gloves, driving down their prices, while the value of the skins spiked amid newfound demand. Read more
Switzerland’s BTC-only investment app, Relai, obtained a MiCA license in France, aiming to bring Bitcoin to as many people as possible. Swiss Bitcoin-only investment app Relai is the latest crypto asset service provider (CASP) to receive approval under the European Union’s crypto regulatory framework. France’s financial markets regulator, Autorité des Marchés Financiers (AMF), issued a Markets in Crypto-Assets Regulation (MiCA) license to Relai on Thursday, according to official records. “We’re incredibly proud to be one of the first Bitcoin companies to get the MiCA license and are eager to expand to France first and Europe in a second step,” Relai co-founder and CEO Julian Liniger said in a statement shared with Cointelegraph on Friday. Read more