Japan is moving to implement a flat 20% tax on crypto gains, a shift observers say will awaken a 'sleeping giant' of retail investors by lowering rates and simplifying reporting.

eToro posted third-quarter profits above forecasts as retail investors continued heavy trading, sending the stock up 8% in pre-market trading. The results highlight sustained retail influence on both stocks and the crypto market.

Coinbase reported a robust Q3 2025 with earnings per share of $1.50 and net income jumping to $432.6 million, driven by significant increases in both retail and institutional trading activities. Revenue exceeded expectations, highlighting the strength of the cryptocurrency market amid favorable regulations.

The UK's Financial Conduct Authority (FCA) has lifted its 2021 ban on retail investors trading crypto exchange-traded notes (ETNs), enabling wider access to these crypto investment products.