British hacker ordered to pay back over £4m in Bitcoin after accessing celebrity X accounts

The anticipated Bitcoin bounce did not materialize, leaving leveraged traders in a precarious position. The cryptocurrency has seen a significant decline, falling nearly 30% from its peak earlier in 2025, raising concerns about the sustainability of high-risk investments in the crypto market.

The Abu Dhabi Investment Council significantly increased its investment in a Bitcoin exchange-traded fund, tripling its position in the third quarter. This move occurred just before a major downturn in the cryptocurrency market, which has since seen a substantial selloff.

Théau Peronnin, CEO of Nvidia's quantum partner, has indicated that quantum computers may soon possess the capability to crack Bitcoin's encryption, potentially occurring after 2030. He emphasized that the threshold for this technological advancement is approaching each year.

The CEO of WH Smith has resigned immediately following an accounting error that led the retailer to significantly reduce its profit forecasts. This blunder has raised concerns about the company's financial management and oversight.

Inflation has decreased, but households continue to experience financial strain due to persistently high prices. Despite a drop in inflation rates, the cost of living remains a significant concern for many families, impacting their purchasing power and overall economic well-being.

Investors withdrew over half a billion dollars from BlackRock Inc.'s iShares Bitcoin Trust, marking the largest single-day outflow since the fund's inception. This significant withdrawal reflects a growing lack of confidence in the digital assets market, which has been under pressure from recent declines in Bitcoin and other cryptocurrencies.

The inflation rate in the UK has decreased to 3.6%, according to official statistics, providing a more favorable outlook for the economy and the Chancellor ahead of the upcoming budget. However, food prices are reportedly rising, raising concerns among consumers and businesses alike.

Bitcoin's recent decline underscores the increasing prevalence of high-risk investments promoted by both Wall Street and cryptocurrency firms. The cryptocurrency has fallen significantly, raising concerns about the sustainability of such speculative trading practices. This downturn reflects a broader trend of diminishing confidence in the crypto market, as investors grapple with volatility and potential losses.