Crypto investment funds saw $2B in weekly outflows—the third straight week of declines. Is the bull run ending? | Credit: Getty Images. Key Takeaways Crypto investment products saw $2 billion in outflows, the worst weekly total in three weeks. Bitcoin and Ethereum ETPs took the biggest hit, accounting for more than $2 billion in combined exits. The U.S. drove 97% of the outflows, underscoring weakening institutional sentiment. For the third straight week, çrypto investment products have been hit ...

The people want ETFs. And in those ETFs they want equities … and crypto. Those are the two most important categories to retail investors, according to data from a survey commissioned by BlackRock, which included 5,000 respondents in July and August. The report, published Thursday, shows changing priorities, particularly among young investors. While 66% of US investors said they owned individual stocks, 43% reported holding mutual funds. Bonds (29%), crypto assets (27%) and ETFs (23%) were behind. Still, E ...

Core Viewpoint - The article discusses the investment potential of meme coins like Dogecoin and Shiba Inu compared to Bitcoin, highlighting the significant price increases of these assets over the past five years, with Dogecoin rising by 5,800% and Bitcoin by 560% [1]. Group 1: Bitcoin's Investment Thesis - Bitcoin has a capped supply of 21 million coins, with mining rewards halving approximately every four years, making it increasingly difficult to produce over time [4]. - The demand for Bitcoin is not merely theoretical; it is supported by substantial net inflows into spot Bitcoin exchange-traded funds (ETFs), which have attracted tens of billions of dollars since their launch in 2024 [6]. - Bitcoin's independence from fiat currency and its resistance to inflation contribute to its long-term value proposition [7]. Group 2: Meme Coins' Characteristics - Dogecoin and Shiba Inu, while popular and community-driven, lack real utility and face challenges in sustaining growth compared to Bitcoin [9][10]. - Despite their significant price movements, the excitement surrounding meme coins does not constitute a solid investment thesis, and their supply dynamics are less favorable than Bitcoin's [9].

Coinbase Global (Nasdaq: COIN), the first crypto company to find a spot on the S&P 500 index, shared its earnings for the third quarter of 2025 on Oct. 30. Related: Ex-Goldman Sachs analyst warns of 'spooky, bone-chilling' Halloween The company reported $1.5 in earnings per share (EPS) for Q3 as compared to Wall Street analyst expectations of only $1.05, beating estimates by 45%. Coinbase earned a quarterly revenue of $1.86 billion, up 25% Q/Q, higher than the estimated $1.8 billion. The quarterly revenu ...

Core Viewpoint - PayPal has been trading within a range of approximately $50 to $90 since its significant selloff in 2022, with market anticipation for a potential breakout in the near future [1]. Summary by Relevant Sections - **Stock Performance** PayPal's stock has experienced a range-bound trading pattern for the past three years, primarily fluctuating between $50 and $90 following a major selloff in 2022 [1]. - **Market Sentiment** There is considerable anticipation in the market regarding a possible breakout from this trading range, indicating investor interest and potential volatility ahead [1].

Core Thesis - Eightco Holdings Inc. is a highly speculative and unprofitable company that has undergone multiple business model changes in recent years, currently adopting Worldcoin as its primary reserve asset [2][3] Financial Performance - As of September 26th, Eightco's share was trading at $11.49, with a trailing P/E of 0.05 [1][2] - The company has a significant debt of $31.8 million, negative working capital of $21 million, and operating losses of 15%, with deeply negative ROE and ROIC [3][4] - Eightco's tangible net equity is approximately $8 million, indicating that its recent stock surge is driven by hype rather than solid business fundamentals [4] Corporate Structure and Strategy - The company was delisted from Nasdaq in October 2023 due to noncompliance and has minimal corporate and operational infrastructure, with all office leases on a month-to-month basis [2][3] - Dan Ives has been appointed as Chairman, but his history of regulatory issues raises concerns about the company's credibility [4] Market Reaction and Valuation - The pivot to Worldcoin generated extreme hype, causing the stock price to spike from $1.45 to over $80 in a single day, despite the underlying financial weaknesses [3][4] - Following the price surge, Eightco is currently valued at $118 million, but this valuation is not supported by its financial health [4]

Core Viewpoint - Japan's Financial Services Agency (FSA) is considering reforms to allow domestic banks to acquire and hold digital assets, including Bitcoin, for investment purposes, marking a significant shift from its conservative stance established in 2020 [1][3] Group 1: Proposed Reforms - The proposed framework would enable banks to trade digital assets similarly to stocks and government bonds, with safeguards to ensure financial soundness [3] - The FSA plans to develop risk management protocols to mitigate the impact of sudden price swings on banks' balance sheets [3][7] - Discussions on these reforms are expected to take place at a working group meeting of the Financial System Council [4] Group 2: Regulatory Context - Japan previously enforced strict crypto regulations through amendments to the Payment Services Act and the Financial Instruments and Exchange Act in 2020, establishing a comprehensive framework for crypto asset service providers [5] - Officials are exploring mechanisms for banking groups to register as licensed cryptocurrency exchange operators [5] Group 3: Economic Context - Japan faces significant economic challenges, with a debt-to-GDP ratio of approximately 240%, prompting policymakers to seek alternative financial tools [7] - Digital assets may provide investors with alternative avenues for returns outside traditional financial systems, potentially increasing adoption [7] Group 4: Market Growth - Japan's crypto market has seen rapid growth, with over 12 million cryptocurrency accounts registered as of February 2025, a 3.5-fold increase from five years prior [8] - Major Japanese banks, including Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corp., and Mizuho Bank, have shown interest in expanding crypto services, including issuing stablecoins pegged to the Japanese yen and the U.S. dollar [8] Group 5: Case Study - Metaplanet serves as an example of Japan's booming crypto market, having acquired and held Bitcoin as a treasury reserve while launching Bitcoin-backed financial products to generate income in a low-yield market [9] - The company raises capital through equity and preferred shares to fund its Bitcoin purchases [9]

Core Insights - Timing is crucial in investment cycles, particularly in the cryptocurrency market [1] - Successful crypto investments often involve identifying emerging assets rather than established ones [1] - Smaller, undervalued assets have historically outperformed well-known blue-chip cryptocurrencies during bull runs [1] Industry Analysis - Ethereum (ETH) and Cardano (ADA) are highlighted as key components of the decentralized finance (DeFi) sector [1]

Core Insights - Nano Labs Ltd, a Nasdaq-listed Web3 firm, announced a $25 million share repurchase program, leading to a 7% premarket rise in its shares, although the stock is still down nearly 40% year-to-date [1][3] Group 1: Share Repurchase Program - The board of directors authorized a buyback program allowing Nano Labs to repurchase up to $25 million worth of shares over the next 12 months [2] - The repurchase will be funded from existing cash reserves and proceeds from the liquidation of crypto assets [2] - The program allows flexibility for share buybacks through open market transactions, privately negotiated deals, or block trades, in compliance with securities laws [3][4] Group 2: Financial Performance - Nano Labs shares have declined 37% year-to-date, with a market capitalization of approximately $130 million [3] - Despite the decline, the company has been strengthening its balance sheet and investing in crypto [3] Group 3: BNB Exposure - In June, Nano Labs entered a $500 million convertible note agreement to acquire BNB, with plans to expand holdings to as much as $1 billion, aiming to control 5% to 10% of BNB's total circulating supply [5] - The company's chairman and CEO, Jianping Kong, purchased 480,000 Class A shares in August 2025, indicating confidence in the firm [6] Group 4: Strategic Developments - Nano Labs has pursued corporate initiatives to strengthen its Web3 infrastructure, including an At-The-Market Offering Agreement targeting up to $45 million in share sales for research and development [7] - The company signed a Memorandum of Understanding with TradeUP Securities to build tokenized US equities via blockchain integration [7] - Earlier in September, Nano Labs made an equity investment in CEA Industries Inc. and successfully transferred from the Nasdaq Capital Market to the Nasdaq Global Market [8]

Core Insights - Citigroup plans to launch digital asset custody services by 2026, following the trend set by other banks like JP Morgan and US Bank [1] - The bank's custody services will allow it to hold Bitcoin and Ethereum for asset managers and institutional clients, with development ongoing for two to three years [1][2] - Citigroup is also exploring the possibility of launching its own stablecoin, focusing on tokenized deposits for practical applications [2] - The bank sees stablecoins as potentially beneficial in regions with underdeveloped financial infrastructure and is considering custody and payment services for third-party stablecoins [3] - Citigroup forecasts that stablecoin issuance could reach $1.9 trillion in a base case and $4 trillion in an optimistic scenario by 2030 [3] - McKinsey estimates that around $250 billion in stablecoins have been issued to date, mainly for cryptocurrency transaction settlements [4] Industry Trends - Morgan Stanley has advised clients to allocate 2-4% of their investment portfolios to crypto, marking a significant shift in Wall Street's approach to digital assets [5] - The Global Investment Committee of Morgan Stanley released guidelines suggesting up to 4% crypto allocation in opportunistic growth portfolios [6] - Bitcoin reached an all-time high of approximately $125,700 before settling in the low $123,000 range, indicating strong market interest [6]