Wall Street tumbles as Nvidia slides, investors fret that Fed may slow rate cuts - Reuters

Moderna and Merck are expected to share the Phase 3 data for their experimental cancer vaccine this weekend at a medical conference.

Skip to main contentCrypto NewsOct 22, 2026, 11:13 p.m. EDT2 min readBitcoin's price bounce. (CoinDesk)SummaryBitcoin recovered to nearly $82,000 during Asian trading Friday as gold, Asian stocks and Nasdaq futures rebounded while the Japanese yen surrendered early gains. About $435 million in cryptocurrency futures positions were liquidated over 24 hours, including $385 million in bullish bets, as bitcoin tested its 50-day moving average. Persistently high oil prices and weak demand for spot bitcoin exchange-traded funds, which recorded $381 million in outflows Thursday, could limit a broader rally in risk assets. Bitcoin BTC$84,459.46 and gold (XAU) pared losses during Friday’s Asian hours alongside a recovery in stocks as the Japanese yen gave up early gains. The largest cryptocurrency by market value recovered to nearly $82,000 after hitting lows below $81,000 overnight, according to CoinDesk data. At the time of writing, bitcoin was testing its 50-day simple moving average, a widely followed gauge of near-term market momentum. Other cryptocurrencies, such as ether ETH$2,490.55, XRP (XRP), solana (SOL), and dogecoin DOGE$0.08295 saw similar moves.

Burnaby-based furniture seller lays off 135 employees, set to file for receivership

BIT Asset Management’s Bitcoin Fund ETF is expected to begin trading on SIX Swiss Exchange in November, with its public offering restricted to Switzerland. Switzerland’s financial regulator FINMA has approved the first Swiss-law exchange-traded fund allowing retail investors to gain direct exposure to Bitcoin. On Thursday, BIT Asset Management said its Bitcoin Fund ETF (BBIT) is expected to begin trading on SIX Swiss Exchange in November. The fund holds Bitcoin directly and is approved for public offering in Switzerland only. “Most bitcoin products listed in Europe today are exchange-traded products (ETPs), which are debt instruments that carry issuer risk,” said BIT Asset Management. The Bitcoin Fund ETF is instead a Swiss collective investment scheme, where assets are held separately from those of the fund management company and are “ring-fenced” for investors, it said. The fund falls under Switzerland’s “other funds for alternative investments” category with particular risk. FINMA noted that other fund providers have also submitted applications for Bitcoin ETFs.

US Defense Secretary Pete Hegseth has barred all Pentagon staff from using undisclosed information to place wagers on upcoming military action, including on prediction market platforms like Kalshi and Polymarket. In a memo sent to senior Pentagon and defense agencies on Tuesday, Hegseth said all Department of War personnel are prohibited from engaging in financial transactions using nonpublic information. This involves both classified and unclassified information. “Make no mistake why this matters. Our enemies watch movements in these markets,” Hegseth wrote. “The lives of our Service members often depend on the enemy not knowing what is coming.”“Beyond operational security, financial stakes can warp judgment. A logistician with money riding on a strike date has an interest in that date. An analyst with a position on an outcome has an interest in that outcome,” he said. The directive follows the April indictment of US Army soldier Gannon Ken Van Dyke, who allegedly used classified information about the operation to capture Venezuelan leader Nicolás Maduro to make more than $400,000 on Polymarket.