Plus: BlackRock's Bitcoin ETP lands in London

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GM. We took a pineapple corer to the crypto news and went straight for the sweet center.

Fork into the rings; here are the takeaways:

🍍 BTC, ETH bounce;

🇬🇧 BlackRock launches Bitcoin ETP on LSE;

🍋 Concerns over Paradigm's Ethereum influence, NK-linked EtherHiding malware + more

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🍍 Market flavor today

Find out more about the Fear & Greed Index here.

Name		Price	24H	7D
Crypto Market Cap: $3.79T 2.41% (24H)
	Bitcoin BTC	$111,384.67	2.57%	-2.76%
	Ethereum ETH	$4,026.69	1.01%	-2.52%
	BNB BNB	$1,112.05	-0.98%	-12.61%
	XRP XRP	$2.48	2.89%	-4.06%
	Solana SOL	$191.39	0.35%	-2.48%

Prices as of 10:00 AM EST. Click here to see live data.

Crypto got to finally exhale after last week's bruises:

👉 Bitcoin pushed back above $110K;

👉 And Ethereum reclaimed $4K.

The main drivers of this comeback were softer US-China trade jitters and high expectations of a Fed rate cut coming soon.

Traders are actually pricing in a ~99% chance of the Fed cutting rates in the next FOMC meeting on October 29.

And, y'know, crypto likes rate cuts, so degens seem to be getting just a little bit more optimistic.

Target rate probabilities chart, 10-20

Source: CME FedWatch

The current setup was actually perfect for a bounce.

The recent tariff panic and macro meltdown wiped out $19B in crypto positions in one day - one of the worst liquidations we've seen.

That flush cleaned out a lot of leverage, which meant fewer weak hands - so today's bounce actually finds real buyers.

Now, one day does not erase the damage - October is still pacing as one of BTC's rougher ones vs its usual ~+19.8% average - but price reclaimed levels that matter for flows, funding, and mood.

For now, crypto's awake, alert, and cautiously optimistic. After the mess of last week, that's more than enough to keep us glued to the screens.

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🥝 Memecoin harvest

The clown car of crypto made it to orbit 🤡🚀

Data as of 10:12 AM EDT.

Check out these memecoins and plenty more here.

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🇬🇧 BlackRock launches Bitcoin ETP on LSE

BlackRock - the world's biggest money manager, with a wallet so deep it makes most countries look broke - launched a Bitcoin ETP (exchange-traded product) on the London Stock Exchange.

If that sounds like straight up gibberish, think of it like this:

An ETP is a stock-market version of Bitcoin. Instead of you buying Bitcoin directly and worrying about storing it safely, BlackRock buys the Bitcoin for you, locks it in a vault (actually, with Coinbase), and sells little pieces of it on the exchange.

You buy those pieces through your regular broker - no crypto wallets required.

Until now, retail investors in the UK couldn't buy Bitcoin ETPs, because the UK's financial regulator, the FCA, didn't allow it. However, that ban just got lifted.

And BlackRock was basically standing at the door waiting, ETP in hand, and the moment the bouncer (aka the FCA) said "you're good," they walked right in.

Meme about bouncer letting you in

Now, this whole thing is huge because:

👉 It opens the door for millions of everyday investors in the UK to get Bitcoin exposure safely;

👉 It shows regulators are becoming more comfortable with crypto;

👉 And it shows that crypto is becoming a normal part of mainstream investing.

Plus, this is BlackRock we're talking about.

When companies this big create easy ways for regular investors to buy Bitcoin, it often means more people will invest - and that can increase demand.

In simple terms:

More access → more buyers → potentially higher prices.

Which is always nice to hear 😏

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🍋 News drops you can't miss

🌍 Sending cash abroad and tired of the mystery fees? We rounded up the best international money transfer services so you can keep more of your money where it belongs - with you.

😳 Federico Carrone, an Ethereum contributor, says private companies are gaining too much sway over Ethereum's development. He warns Paradigm's growing influence could become a long-term risk if it isn't checked.

🐛 Google's Threat Intelligence Group spotted EtherHiding, a tactic where North Korea-linked hackers hide malware inside smart contracts on public blockchains. It started showing up in 2023.

⚖️ Roman Storm, a Tornado Cash developer, says DeFi builders shouldn't assume they're safe from US DOJ charges. He's urging open-source devs to take the legal risk seriously.

🏦 Japan's Financial Services Agency is reviewing rules that block banks from holding crypto like Bitcoin. It's weighing whether banks can treat crypto more like stocks and bonds.

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