The major cryptocurrencies have slipped into the red zone. What else is happening in the crypto market on Oct. 8?
Bit Digital has acquired approximately 31,057 ETH worth $140 million using proceeds from a $150 million convertible notes offering, expanding its total holdings to 150,244 ETH and positioning itself as the third-largest Ethereum treasury holder globally.
Ethereum Treasury Holdings as of October 8, 2025 | Source: Coingecko
The acquisition coincides with Ethereum’s price rebound above $4,500 following a brief correction, triggering $21 million in short liquidations within hours and signaling potential for further upside momentum amid growing institutional adoption.
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DDC Enterprise has raised $124 million in equity financing at a 16% premium to expand its Bitcoin treasury holdings from 1,058 BTC to a targeted 10,000 BTC by year-end 2025, with backing from strategic investors including PAG Pegasus Fund and OKG Financial Services.
The announcement comes as Kalshi prediction markets show traders placing over $205,000 in fresh bets with a 49% probability on Bitcoin reaching $130,000 by October 30, reflecting growing institutional optimism in corporate Bitcoin treasury strategies.
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Coinbase has officially launched staking services in New York, making it the 46th US state to access the feature after resolving regulatory concerns with local authorities.
Glad to see progress in NY. Staking services aren’t securities – hope all other states stuck in the past can drop their lawsuits and catch up soon (CA, WI, NJ, MD).
— Brian Armstrong (@brian_armstrong) October 8, 2025
Happy staking, New Yorkers! https://t.co/K8oUunzpXM
CEO Brian Armstrong celebrated the milestone, emphasizing that staking should not be classified as securities while calling on other states to drop related lawsuits, as the move aligns with broader industry trends toward expanded staking offerings.
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Ethena Labs and Jupiter have announced a partnership to launch JupUSD, a new Solana-native stablecoin backed by USDtb, expected to go live by late 2025 or early 2026.
The collaboration aims to strengthen Jupiter’s product ecosystem and reduce cross-blockchain friction as the stablecoin market continues its expansion, recently surpassing $300 billion in total market capitalization.
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De-dollarization is gaining momentum. Amid this trend, Robert Kiyosaki, author of “Rich Dad Poor Dad,” urged his followers on X to consider investing in Bitcoin (BTC) and Ethereum (ETH).
He suggested that holding these cryptocurrencies, alongside traditional assets like gold and silver, could help investors better withstand potential instability in the US dollar.
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