Coinbase Competitor Galaxy Digital Expands Retail Reach with High-Yield Crypto App Launch

Galaxy Digital (GLXY) has made a significant strategic shift from institutional to retail finance with the launch of GalaxyOne, a comprehensive financial platform that merges cryptocurrency, traditional equities, and yield-bearing accounts. The company's stock surged 8% following the announcement, reflecting strong market confidence in this new direction. Built on the acquired fintech infrastructure of Fierce, GalaxyOne offers both FDIC-insured accounts for mainstream users and higher-yield options specifically designed for accredited investors. The platform's yield offerings range between 4% to 8%, powered by Galaxy Digital's substantial $1.1 billion lending business. This move represents a direct challenge to established players like Coinbase in the retail crypto space, as Galaxy Digital leverages its institutional expertise to create a more accessible and yield-generating platform for everyday investors. The timing of this launch, coming in October 2025, demonstrates Galaxy's commitment to capturing market share during a period of increasing retail interest in cryptocurrency and digital asset management. The integration of traditional banking features with crypto services positions GalaxyOne as a comprehensive financial solution that could potentially reshape how consumers interact with both traditional and digital assets. This strategic pivot not only diversifies Galaxy Digital's revenue streams but also establishes the company as a formidable competitor in the rapidly evolving landscape of digital finance platforms.

Galaxy Digital Stock Surges 8% as Firm Launches New Yield-Bearing App

Galaxy Digital's stock (GLXY) surged 8% following the launch of GalaxyOne, a platform merging crypto, equities, and yield accounts. The MOVE signals Galaxy's pivot from institutional to retail finance, offering 4%-8% yields powered by its $1.1B lending business.

The app, built on acquired fintech Fierce's infrastructure, combines FDIC-insured accounts for mainstream users with higher-yield options for accredited investors. This expansion challenges incumbents like Robinhood and Coinbase in the battleground for retail crypto-fiat integration.

Cardano (ADA) Price: Traders Eye Key Breakout Levels Amid Exchange Reserve Surge

Cardano's ADA has solidified its position above the $0.80 support level, drawing attention from traders as Coinbase reserves of the token surged from 1.7 million to 9.6 million in recent weeks. This fourfold accumulation suggests growing institutional interest, coinciding with a higher-low chart structure that often precedes sentiment shifts.

Technical analysts highlight a decisive resistance zone between $0.96-$1.02, with a breakout potentially triggering a symmetrical triangle pattern that could propel ADA toward $1.30-$1.90. crypto strategist Javon Marks draws parallels to previous bull cycles, projecting a long-term target of $7.82—with the first major upside objective at $2.77 representing over 221% gains from current levels.

The $0.80 level has become a focal point for market compression, with repeated tests often preceding explosive price movements. As trading activity concentrates around these key levels, the market appears poised for directional resolution.

Bitwise Files Amended S-1 for U.S. Dogecoin ETF

Bitwise Asset Management has taken a significant step toward launching a Dogecoin ETF in the U.S., filing an amended S-1 registration statement with the SEC on October 6, 2025. The proposed Bitwise Dogecoin ETF aims to provide investors with indirect exposure to the meme-inspired cryptocurrency without the complexities of direct ownership.

The ETF's structure ties share values directly to dogecoin holdings, with daily net asset valuations based on the CF Dogecoin-Dollar Settlement Price. Real-time tracking will be enabled through the CF Dogecoin-Dollar Spot Rate, updating Indicative Trust Values every 15 seconds during market hours. Authorized participants will create and redeem shares in 10,000-unit "Baskets," with both in-kind and cash options available.

Coinbase Custody will serve as the secure storage solution for the underlying Dogecoin assets, while Bitwise Investment Advisers, LLC manages the fund. This move signals growing institutional interest in alternative cryptocurrencies beyond Bitcoin and Ethereum, potentially opening new avenues for mainstream Dogecoin investment.

Based Eggman Emerges as a Standout in Crypto Presales Amid Solana's Market Cycle

Investors are increasingly turning to crypto presales for early access to promising projects before they hit major exchanges. Based Eggman, a utility-driven memecoin built on Coinbase's Base LAYER 2, is gaining traction as one of the best crypto presales. Its native token, $GGs, integrates gaming, DeFi, and meme culture, offering scalability and ease of onboarding.

Meanwhile, Solana's current market cycle continues to spark debate. While the blockchain demonstrates strong bullish momentum, questions linger about its ability to address scalability and reliability challenges. The contrast between Based Eggman's presale appeal and Solana's established presence highlights the diverse paths to Web3 adoption.

Based Eggman's ecosystem leverages $GGs for on-chain gaming, streaming integrations, and competitive events. With a max supply of 389 million tokens, the project aims to balance demand across traders, gamers, and exchanges. This structured approach positions it as a compelling alternative to more established blockchains like Solana.

4 Best Cheap Cryptos to Buy Before They Get Listed on Coinbase

The crypto market's next breakout stars may already be brewing among low-cap altcoins. Analysts are eyeing BlockDAG, bitcoin Hyper, and Tapzi as prime candidates for Coinbase's 2025 listing wave—a event historically known to trigger dramatic price surges. These projects combine niche utility with growing community traction, trading at basement prices ahead of potential exchange adoption.

Digitap ($TAP) emerges as a standout, merging Visa-backed payments with AI-driven crypto/fiat interoperability. Its 'omni-bank' model bypasses DeFi's speculative HYPE by focusing on real-world transactional use cases—a rarity among blockchain ventures vying for institutional attention.

KBW Initiates Coverage on Gemini with Market Perform Rating Amid Crypto Expansion

Investment bank Keefe, Bruyette & Woods (KBW) launched coverage of newly public Gemini Space Station (GEMI) with a tepid market perform rating and a $27 price target, underscoring the crypto exchange's long-term potential but near-term execution risks. Analyst Bill Papanastasiou noted Gemini's unprofitability and justified its valuation discount to rival Coinbase, citing elevated market and operational risks.

Gemini's diversified ecosystem—spanning trading, custody, credit cards, and tokenization—positions it for cross-selling opportunities as digital asset adoption grows. The firm's credit card business, with over 100,000 users and crypto rewards driving exchange activity, emerged as a key growth lever. A recent Nasdaq partnership could add $47.7 million in custody and staking revenue, with further upside from tokenized equities.

The resolution of Gemini's Earn program disputes clears a path for renewed marketing efforts, while founder-led insider ownership provides stability. KBW projects 53% annualized growth but remains cautious on profitability timelines.