来源：市场资讯 吴说获悉，据 Lookonchain 监测，持有 52850 枚 BTC（约 61.2 亿美元）的 MARA Holdings 于 2 小时前 通过 FalconX 增持 400 枚 BTC，价值约 4631 万美元。 （来源：吴说） ...

Core Insights - Morgan Stanley has decided to open cryptocurrency fund investment opportunities to all wealth management clients, allowing investments through any type of account, including retirement portfolios, effective October 15 [1] - This decision removes the previous restriction that limited cryptocurrency investments to clients with at least $1.5 million in assets and a high risk tolerance [1] - The firm will implement an automated system to prevent clients from over-concentrating investments in highly volatile asset classes [1] - Earlier this year, Morgan Stanley, which manages approximately $8.2 trillion in assets, announced plans to offer trading services for Bitcoin, Ethereum, and other cryptocurrencies through its E-Trade platform [1]

Core Insights - The entity known as "7 Siblings," a whale/institution, has resumed buying ETH after a recent price drop, indicating a strategy of bottom-fishing during market downturns [1] - The whale has borrowed 40 million USDC from Aave and spent 5 million USDC to acquire 1,326 ETH at a price of 3,771 USD [1] - Historically, "7 Siblings" has made significant profits by purchasing ETH during previous dips, such as buying 100,000 ETH at approximately 2,270 USD when ETH dropped 15% on August 5 last year, and acquiring 25,000 ETH at around 1,700 USD when ETH fell 10% on April 7 this year [1] Summary by Categories Whale Activity - "7 Siblings" has a pattern of buying ETH after significant price declines, showcasing a strategic investment approach [1] - The recent purchase of 1,326 ETH at 3,771 USD reflects ongoing confidence in ETH's long-term value despite short-term volatility [1] Financial Transactions - The whale borrowed 40 million USDC from Aave to facilitate its recent purchase, indicating a reliance on leverage for investment [1] - The 5 million USDC spent in the last hour for ETH acquisition demonstrates active market engagement [1] Historical Performance - Previous investments by "7 Siblings" during market dips have yielded substantial profits, highlighting their effective timing and market strategy [1] - The entity's past purchases during price drops (100,000 ETH at 2,270 USD and 25,000 ETH at 1,700 USD) illustrate a successful track record in capitalizing on market corrections [1]

Core Insights - The UK has lifted its ban on crypto exchange-traded products (ETPs) for retail investors, granting access to a global market valued at approximately $800 billion [1][5] - Retail investors previously faced limited access to regulated crypto exposure, often relying on less regulated exchanges [2][6] - The new regulations allow crypto ETPs to be held within tax-efficient accounts like ISAs and pensions, enhancing the appeal of digital assets [3] Market Impact - The opening of the crypto ETP market to retail investors significantly alters the investment landscape, providing a regulated entry point that aligns with traditional investment practices [6] - The global market for crypto ETPs, encompassing derivatives, funds, and structured products, is estimated at around $800 billion, indicating substantial potential for retail participation [5] Cautious Adoption - Despite the new access, platforms are expected to adopt a cautious approach in listing products and assessing retail investors' understanding of associated risks [4][7] - Investment firms caution that crypto should constitute only a small portion of a balanced portfolio, highlighting the need for suitability tests and tiered access to mitigate risks [4][7]

新华财经北京10月10日电一家英国大型交易平台发出严厉警告：加密货币不应出现在投资组合中，因为 它不算资产。 英国8日解除针对散户投资者参与加密交易所交易票据（ETN）的长期禁令。交易所交易票据是一种与 特定资产挂钩的债务工具。投资者可借此通过受监管的交易所接触数字代币。 据美国消费者新闻与商业频道10日报道，上述新规引发英国最大零售投资平台哈格里夫斯-兰斯当公司 发出警示，敦促英国散户投资者保持谨慎。 哈格里夫斯-兰斯当在声明中说："我们秉持的投资理念认为，比特币并非一种资产类别。我们认为加密 货币不具备应被纳入成长型或收益型投资组合的特征，也不应依赖其帮助客户实现财务目标……它没有 内在价值。" 英国政府8日同样规定，允许投资者在股票与股份个人储蓄账户中持有加密ETN。此类账户内每年最多2 万英镑（约合26614美元）可享受免税待遇。（卜晓明） （文章来源：新华社） ...

Core Insights - Bit Digital's Ethereum holdings have increased to approximately $675 million, positioning the company among the top six institutional Ethereum treasuries globally [1] - The firm has transitioned from Bitcoin mining to focusing on Ethereum, now holding around 150,244 ETH after a recent purchase [2][6] - The acquisition was financed through a $150 million convertible notes offering, which was priced at $4.16 per share, reflecting an 8.2% premium to the company's estimated NAV [3] Financial Strategy - The recent purchase of ETH is part of Bit Digital's strategy to enhance shareholder value and increase NAV per share [4] - The company has conducted multiple fundraising rounds, including a $67.3 million direct offering in July aimed at ETH purchases [5] - Bit Digital's shift to Ethereum has resulted in a significant decline in Bitcoin-related revenue, which dropped 64% year-over-year in Q1 2025 [7] Market Position - The company views Ethereum as essential to digital financial infrastructure and considers current prices as an attractive long-term investment opportunity [4] - Bit Digital's treasury has grown nearly 50% since early July, when it held about 100,603 ETH valued at $301 million [6] - The firm is now generating income through validator operations and custody solutions, alongside a stake in AI-focused firm WhiteFiber [7]

Core Viewpoint - The UK's Financial Conduct Authority (FCA) has lifted its four-year ban on crypto ETNs, allowing retail investors access to Bitcoin and Ethereum ETNs starting October 8, 2025, which is seen as a delayed response to the evolving financial landscape of digital assets [1][5]. Regulatory Background - The FCA imposed a ban in January 2021 on the sale, marketing, and distribution of crypto-backed derivatives and ETNs to retail investors due to concerns over volatility, market manipulation, and potential consumer losses [2][3]. - The ban was a reaction to the 2018 crypto crash and fears of speculative mania leading to significant retail losses, which critics now view as overly paternalistic [3]. Market Developments - During the ban, the EU and US advanced their crypto markets, with the EU approving crypto ETNs in 2021 and the US allowing spot Bitcoin ETFs in January 2024, resulting in substantial inflows and legitimization of digital assets [4]. - UK investors missed opportunities for regulated exposure to Bitcoin and Ethereum during this period, as they were restricted from accessing these investment vehicles [4]. Future Implications - The FCA's decision to lift the ban is seen as an attempt to regain relevance in a rapidly changing financial environment, although some critics argue it may be too late to capitalize on the initial momentum of global crypto adoption [2][5]. - The newly allowed ETNs will be listed on FCA-recognized exchanges, providing a regulated framework for retail investors while exposing them to issuer credit risk rather than direct ownership of cryptocurrencies [6].

Core Insights - Solana Company, formerly Helius Medical Technologies, is significantly investing in Solana, amassing a treasury of $530 million, which positions it as a major player in the digital asset space [1][2][11] - The strategy is framed as a pivot towards digital assets, aiming to maximize shareholder value by accumulating Solana tokens [4][11] - Rising institutional demand, particularly in Asia, is driving the adoption of Solana, with several public companies announcing similar treasury strategies [5][6] Company Strategy - The company has accumulated over 2.2 million Solana tokens, reflecting a strategic shift towards digital assets [2][4] - Executives are drawing parallels to other notable figures in the crypto space, indicating a broader trend among corporations to invest in digital currencies [4][11] - The treasury's size makes Solana Company one of the largest non-crypto-native holders of SOL, rivaling dedicated funds [11] Market Context - The timing of this investment coincides with increasing institutional interest in Solana and potential U.S. regulatory approvals for Solana ETFs [6][12] - Other companies, such as Forward Industries, are also making substantial commitments to Solana, indicating a growing trend among public companies [5][6] - Technical analysis shows that Solana Company's stock is attempting to stabilize after a downtrend, with key price levels indicating potential breakout points [9][10]

Industry Overview - In September, 77 crypto companies raised over $3.3 billion, contributing to a total funding of over $17 billion for the year 2025, surpassing 2024's total by over $7 billion [1] - Analysts indicate that investment in the crypto space is accelerating, with PitchBook predicting the industry will raise $18 billion in 2025, while Galaxy Ventures and Codebase expect investments to exceed $25 billion [1] Major Fundraising Events - Figure Technology raised $787.5 million in its Nasdaq debut, valuing the company at approximately $5.3 billion. The company focuses on blockchain infrastructure for loans and exchanges and has funded over $16 billion in loans [3] - Kraken closed a $500 million fundraising round at a valuation of $15 billion, which is part of its plans for an initial public offering (IPO). However, Kraken's co-CEO stated that the company does not currently plan to file for an IPO [5][6] - Rapyd, a global fintech platform, secured $500 million in a Series F round backed by major investors like BlackRock and Fidelity, aiming to enhance its platform with liquidity pools and crypto-as-a-service solutions [8]

Core Insights - MEXC Ventures announced a second strategic investment in Ethena at the Token2049 conference, amounting to $30 million [1] - The total investment in Ethena has now reached $66 million, including a previous investment of $16 million and a purchase of $20 million in USDe [1] Investment Details - The latest investment round by MEXC Ventures is $30 million [1] - Prior to this, MEXC Ventures had invested $16 million in Ethena [1] - The total investment now includes $20 million in USDe, bringing the overall investment to $66 million [1] Strategic Focus - The investments are aimed at supporting the Ethena ecosystem [1]