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Weekly Recap | News

UTB Weekly News Roundup (OCT 6th – OCT 10th, 2025)

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4 mins
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UTB Weekly News Roundup (OCT 6th – OCT 10th, 2025)

Author

Rickie Sanchez

Tags

Reading time

4 mins
Last update

Weekly News Roundup

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Stay in the loop with our weekly crypto digest as we get you up to speed on the hottest trends and events in the crypto space.

Here’s what happened in crypto this week:

Samsung Adds Coinbase Crypto Access For 75M Galaxy Device Users

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Samsung has partnered with Coinbase to bring crypto access to 75 million Galaxy device users via Samsung Wallet, enabling seamless purchases in the US and Canada.

This integration enables Galaxy users to purchase Bitcoin and other cryptocurrencies directly through the Coinbase platform using Samsung Pay, streamlining the process and bypassing traditional banking hurdles.

With 75 million users in scope, this move could normalize crypto transactions for a vast audience, building on earlier integrations, such as Samsung Pay support in the Coinbase app, which was introduced in July 2025.

Galaxy Launches GalaxyOne Platform Offering Crypto, Stocks, And 8% Yields To US Users

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Galaxy Digital has launched the GalaxyOne financial platform for retail investors in the United States. It combines cryptocurrency trading, stock trading, and high-yield fiat deposits.

Accredited clients can earn an 8% APY through Galaxy Premium Yield investment notes. The minimum investment is $25,000, with a maximum of $1 million.

Other users can access a 4% annual return on GalaxyOne Cash deposits. Deposits are insured by the FDIC up to $250,000, with banking services provided by Cross River Bank.

GalaxyOne is built on the Fierce platform, which Galaxy Digital acquired in 2024. The new product is led by Zac Prince, Managing Director of Galaxy and co-founder of Fierce.

Grayscale Launches First Spot Staking Crypto ETPs For Ethereum And Solana In The US

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Grayscale launches the first spot staking crypto ETPs in the US for Ethereum and Solana. This means investors can now earn staking rewards directly through exchange-traded products, a significant step for mainstream crypto adoption.

By introducing the Grayscale Ethereum Trust ETF (ETHE), Ethereum Mini Trust ETF (ETH), and Solana Trust (GSOL), the firm has created a bridge between traditional finance and blockchain networks, offering investors exposure to Ethereum and Solana while enabling protocol-based staking rewards. 

This innovation was made possible by recent SEC guidance, which highlights the maturation of the crypto asset class and its growing institutional appeal.

DePIN Grass Raises $10 Million From Polychain, Tribe Capital

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Grass, a DePIN project focused on decentralized internet data verification, has secured a $10 million bridge round led by Polychain and Tribe Capital, signaling strong investor confidence in its AI and blockchain integration.

This bridge round marks another milestone for Grass under Wynd Network, building on prior seed funding of $3.5 million in 2023 from the same lead investors.

Notably, Grass’s model rewards users for sharing idle internet resources, aligning with the DePIN narrative of decentralizing physical infrastructure and potentially positioning it as a key player in unbiased AI data training.

NYSE Owner ICE Commits Up To $2 Billion Investment In Polymarket

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New York Stock Exchange owner Intercontinental Exchange (ICE) announced that it is investing up to $2 billion in cash in Polymarket, a deal valuing the crypto-based prediction marketplace at approximately $8 billion.

Polymarket CEO Shayne Coplan called the partnership a move that “marks a major step in bringing prediction markets into the financial mainstream.”

ICE said it would also distribute Polymarket’s event-driven data, “providing customers with sentiment indicators on topics of market relevance,” and will partner with the prediction market on tokenization initiatives.

Polymarket contracts aren’t currently available in the US after federal regulators blocked them from taking on US-based traders three years ago. The company, however, is reportedly in the middle of a comeback in the US after the Commodity and Futures Trading Commission and Justice Department ended a probe into it without filing charges.

Crypto Exchange Gemini Launches Australian Arm

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Gemini has launched an Australian arm, marking a strategic move to tap into the growing cryptocurrency market in the country. This expansion signals their focus on global reach amid evolving regulations.

Gemini’s Australian launch aligns with increasing regional interest in crypto, evidenced by recent Bitcoin ETF launches on Australia’s main stock exchange.

However, Australia’s tightening crypto regulations, including anti-money laundering efforts, pose challenges. Gemini must adapt to local compliance demands while leveraging its global experience to build trust and user adoption in this space.

Final Thoughts

So that’s it for this week!

To stay ahead of the game with the freshest crypto news and insights delivered straight to your inbox, consider subscribing to UseTheBitcoin’s newsletter today.

Have a fantastic week ahead!

Rickie Sanchez

About the Author

Rickie is a seasoned blockchain and cryptocurrency enthusiast with extensive experience dating back to late 2017. His crypto journey has taken him across the globe, where he has worked with clients from diverse backgrounds. Notable collaborations include ghostwriting for a media startup, contributing to a blockchain blog based in Zurich, managing a weekly newsletter for a client in Japan, and serving as a token review writer for a crypto blog headquartered in the Netherlands. He will not rest until every individual is empowered with the knowledge and insights needed to thrive in the crypto landscape.