Bitwise announced the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) on Friday, a fund that combines the Bitwise Bitcoin Strategy Optm Roll ETF (BITC), Bitwise Ethereum Strategy ETF (AETH) and Bitwise Bitcoin and Eth Eq Wgh Str ETF (BTOP).

The pound is heading for its worst week in over a year.

Since October 2023, the Israel-Hamas conflict has pushed risk assets to the downside.

BTC's implied volatility curve shows a noticeable kink on Oct. 5, signaling expectations for an unusually volatile Saturday.

Most gains come in the latter part of the month.

Bermuda-registered Relm Insurance has introduced a policy covering bitcoin miners' for periods of business interruption. Relm is licensed to offer indemnification to bitcoin miners in the same currency that they are mining thanks to its Class Innovative Insurer General Business (IIGB) license from the Bermuda Monetary Authority.

For wealth managers, crypto presents a key opportunity for growth – especially with rising mainstream interest after the approval of spot bitcoin and ether ETFs earlier this year.

The Bank of England could become 'more aggressive' in its approach to interest rate if inflation continues to ease.

Mercado Bitcoin plans to offer its corporate and retail customers support for international payments, allowing users to transact with Brazilian Reais.

Aave is a decentralized lending platform based on the Ethereum blockchain that offers automated loans of cryptocurrency using other tokens you own as collateral. It also lets users lend out their crypto to earn interest.

Evidence of U.S. economic strength is buoying the currency after it was hit by recession fears in recent months. Upbeat economic data has led traders to pare back expectations for rate cuts by the Federal Reserve. Higher rates typically support a currency by making it more attractive to yield-seeking investors.

The latest investor updates on stocks that are trending on Thursday.

Just as optimism was about to surge, clouds rolled in, pushing prices lower.

PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.

Zeke Faux, author of "Number Go Up," sits down with Julie Hyman and Josh Lipton on Asking for a Trend to talk about how cryptocurrency has become a hot-button issue ahead of the upcoming presidential election. “When I talk to Bitcoin (BTC-USD) proponents, you get a lot of pitches about its digital gold. It's a store of value because Bitcoiners have pretty much given up on pitching it as something you're going to use to buy your coffee in the morning or whatever,” Faux tells Yahoo Finance. He adds despite the view that crypto stores value, “From the price action, what we've seen is it's moving pretty much with other risk assets… It's moving a lot more in lockstep rather than like being a hedge the way they pitch it.” The author explains, “The title of the book, 'Number Go Up,' comes from something I heard a Bitcoin guy say at a conference, and he was like, if the price goes up, it gets people excited. The more people will buy, then the price will go up more. And before you know it, like to the moon. And I thought that was kind of laughable. But I really think that's kind of what's been happening these last couple of years.” “I don't think that kind of thinking can last forever. But so far, it's, you know, led to pretty strong recovery for all these coin prices,” Faux notes. Both former President Donald Trump and Vice President Kamala Harris have talked crypto on the campaign trail ahead of the November election. Faux says, “It's really wild, especially as someone who covers crypto [and] sometimes it's kind of hard to cover all of this stuff with a straight face because we've seen so many scams, so much fraud.” “People in crypto are even not talking that much about crypto as the future… the excitement is gone, except in DC, where now you've got politicians who are basically repeating the industry's talking points,” Faux says. He notes the politicians have “pitched this idea that there's a lot of Bitcoin voters and they're doing this to appeal to Bitcoin voters. I really don't think there's a lot of people where crypto is like top of mind, but there's definitely quite a few really rich crypto guys.” For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Naomi Buchanan.

On today's episode of Morning Brief, Hosts Seana Smith and Brad Smith analyze the market open and report on some of the biggest stories impacting markets. All three of the major indexes (^DJI,^GSPC, ^IXIC) opened slightly lower on Wednesday, while oil prices (CL=F, BZ=F) continued to rise and bitcoin (BTC-USD) experienced a sharp decline. Traders flocked to more defensive areas of the market in Tuesday's trading session after Iran launched a ballistic missile attack on Israel. Israel has vowed to respond to the attack, raising concerns about tensions in the Middle East escalating even further. Raymond James Washington policy analyst and managing director Ed Mills observes that markets have been "shockingly resilient" despite global unrest. "There are a lot of unknowns ahead and Israel will absolutely respond. They cannot let hundreds of missiles going towards their country be met without a response," Mills states. However, he notes that the nature of Israel's response remains "uncertain." US private payroll numbers beat Wall Street expectations in September, according to the latest ADP report. The data shows that 143,000 jobs were added in the private sector last month, surpassing the projected 125,000 jobs — a significant increase from August's reported 99,000 jobs. Tesla (TSLA) shares are under pressure after the company reported that it delivered 462,890 vehicles during the third quarter. This figure came in slightly below Wall Street's expectation of 463,897 deliveries. William Blair group head of energy and sustainability research sector, Jed Dorsheimer, notes that the growing optimism in delivery estimates on Wall Street was closely tied to Tesla's rising stock price. Consequently, he says, "it's not surprising to see a pullback" now that the numbers have missed expectations. Despite this setback, Dorsheimer points out that this quarter demonstrates Tesla's stabilization ahead of "some key catalysts" for the business, including the upcoming robotaxi event and the Shanghai energy business. Nike (NKE) is looking for a fresh start under its incoming CEO, Elliott Hill. The footwear giant reported mixed fiscal first quarter results, withdrew its full-year sales guidance, and postponed its investor day that was originally scheduled for November. Hill will step into the role on October 14, where he will embark on a turnaround mission for the company. Baird Senior Research Analyst Jonathan Komp argues that under Hill, Nike will likely be able to improve its performance, saying, "Generally, we expect stocks in the sector to bottom when earnings start getting less bad. We think we've seen the worst here for Nike, but it is going to take patience." As the Federal Reserve's rate easing cycle is underway, Megan Horneman, Verdence Capital Advisors CIO, believes that investors are putting too much faith in a soft landing. She tells Yahoo Finance, "People are just getting a little ahead of themselves as far as what strength there is in the economy." While the labor market remains "relatively strong," she has concerns about the consumer, noting that credit card debt is over $1 trillion. She adds, "We know that inflation is coming down towards the Fed's target, but we can't forget that this has been accumulating for several years now. So this is really a strain on consumers... I just don't see the strength in the consumer that's going to be able to last much longer." This post was written by Melanie Riehl

Bitwise Asset Management has made the first Securities and Exchange Commission filing seeking approval to launch an exchange-traded fund holding Ripple Labs' XRP token. Earlier this year, the SEC began to approve so-called spot ETFs for two of the biggest cryptocurrencies, bitcoin and ether.

Germany is facing demographic challenges with more acute structural pressures than other advanced economies. Labour-market and pension reforms are essential, but fragmented politics risk are eroding competitiveness.

Bitcoin (BTC-USD) and related stocks are experiencing a sharp decline in prices following Iran's attack on Israel on Tuesday. This escalation of tensions in the Middle East has pushed the cryptocurrency market into the red, despite October historically being a positive month for Bitcoin. Yahoo Finance anchor Madison Mills breaks down the details, offering insights into other factors influencing cryptocurrency prices beyond the Middle Eastern conflict. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

The latest investor updates on stocks that are trending on Wednesday.