Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Bitcoin is under pressure after falling from $84,800 to around $81,500, with traders watching the $80,000–$81,500 zone. The area combines a major Binance buy wall, the average cost basis of US spot Bitcoin ETFs and listed treasury firms, and the 50-day moving average. A daily close below it could expose BTC to a further pullback toward $77,000–$80,000; a move above $82,600–$83,400 would ease near-term pressure, while a break above $84,800 could trigger a short squeeze toward $94,000. US spot Bitcoin ETFs recorded $635 million in net outflows, their largest daily withdrawal since June, turning October flows negative. Rising oil prices and geopolitical tensions are adding to inflation concerns ahead of US inflation-expectations data and the Federal Reserve’s October 28 rate decision. A possible MSCI index exclusion of Strategy on November 11 is another risk to corporate Bitcoin buying. Despite a shift by some listed miners toward AI, the Bitcoin network’s hashrate has rebounded 11.7% from its August low, near its record high. Elsewhere, Asian equities staged sharp rebounds: Hong Kong’s Hang Seng Tech Index gained 2.05%, while China’s tech-heavy stocks helped drive a broad A-share rally. For crypto traders, weak ETF demand and macro uncertainty keep BTC vulnerable, but crowded short positions could fuel a rapid rebound if key resistance levels break.

Bitcoin ETF outflows and a delayed Ethereum testnet upgrade were among the main developments in a risk-averse crypto market. US spot Bitcoin ETFs recorded $635 million in net outflows on 22 October, led by BlackRock’s IBIT with $254 million. Bitcoin’s market dominance rose to 60%, while reports said a large holder moved more than $415 million in BTC to exchanges and other wallets, potentially preparing to sell. Separately, 40 newly created wallets withdrew 9,458 BTC from Wintermute since 1 October, indicating that some investors are also accumulating. The Ethereum Foundation postponed the Glamsterdam upgrade on the Hoodi testnet, originally scheduled for 27 October, to study possible interactions involving EIP-8037. No new date has been set. Grayscale published token-holder yield and adjusted earnings-yield rankings, placing HYPE, LIT and CAKE among the leading assets. Other notable news included Hong Kong’s securities regulator listing BTCC as a suspicious, unlicensed virtual-asset trading platform, and a report that a CME-backed industry group urged the CFTC to block Kalshi’s proposed perpetual oil futures. JPMorgan said agency-level crypto regulation partly offsets the setback to the Clarity Act, but political and legal uncertainty remains. Overall, Bitcoin ETF outflows and the upgrade delay add near-term caution, while wallet accumulation and regulatory developments offer mixed signals.

QCP Capital says rising credit stress in AI infrastructure is weighing on stocks and crypto markets. CoreWeave bond yields have climbed to 15%, raising concerns about financing costs and profitability across the fast-growing neocloud sector. Tesla’s lower capital spending expectations have added to doubts about returns on AI investment. Bitcoin is still moving largely in line with weaker equities, rather than showing independent price discovery. Investors are seeking safety in US Treasuries, pushing long-term yields lower. Markets see almost no chance of a US rate hike in October, while confidence in a December cut has weakened. Traders are watching technology earnings, the Fed’s December meeting, geopolitical developments and the US midterm elections on 3 November.

Robinhood Ventures has invested $10 million in Cognition, the San Francisco company behind AI coding agent Devin. The investment extends Robinhood’s exposure to AI software engineering after its earlier $75 million commitment to OpenAI, which develops the competing Codex tool. Cognition raised $2 billion in a Series E round in September at a $48 billion post-money valuation, up from $26 billion in May. Its revenue reportedly increased from about $492 million to nearly $900 million over the same period, supported by enterprise adoption. NVIDIA, Citi, GE Aerospace and Mercedes-Benz are among its clients. The Cognition investment gives Robinhood a stake in a fast-growing AI company, but Devin and Codex also compete for developers and enterprise spending.

Raffles Family Office (RFO), headquartered in Singapore and Hong Kong, is expanding wealth management services for wealthy clients holding stablecoins and other digital assets. Its Revo Digital Family Office platform launched in February 2026 and received Hong Kong Securities and Futures Commission Type 4 and Type 9 licences, allowing it to manage digital-asset portfolios alongside conventional investments. RFO founder and CEO Chi-Man Kwan says the firm has received inquiries involving holdings of up to 10,000 BTC or $100 million in stablecoins. The move reflects demand from younger, self-made Asian entrepreneurs whose fortunes are increasingly tied to technology and crypto. RFO reported revenue growth of more than 50% in 2025, though this was mainly driven by private equity and broader investment capabilities.

OpenAI will work with Poland’s NASK National Research Institute on AI safety, security and technical research. Through NASK’s AI Safety Research Center, the partners plan to develop ways to evaluate increasingly capable AI systems, identify vulnerabilities and strengthen safeguards. The OpenAI-NASK partnership builds on earlier cooperation: in July 2026, NASK’s CERT Polska used OpenAI models to find six vulnerabilities in MikroTik RouterOS, all of which were patched. The new work focuses on testing AI systems themselves, amid concerns about AI agents behaving unexpectedly. The agreement outlines research goals but does not specify completed deliverables. Its impact will depend on whether the partners publish findings and whether those results lead to stronger AI safeguards.

An early Ethereum holder sold 3,000 ETH for about $7.23 million, according to on-chain analytics firm Lookonchain. The investor bought the tokens nine years ago for $18.83 each, turning an estimated $56,000 investment into roughly 128 times its original value. The sale adds to a series of moves by long-dormant Ethereum whales. Earlier this month, one holder deposited 6,369 ETH, then worth about $16 million, to Kraken; an Ethereum ICO participant also moved 13,330 ETH to Coinbase. In August, another ICO investor transferred 2,000 ETH to Coinbase after holding them for about 11 years. Ethereum had retreated from a recent high near $2,800 to about $2,300 during a broader market pullback, then recovered to around $2,400. The latest Ethereum whale sale is a notable profit-taking event, but the article does not establish that it reflects broader selling across the market.

Bybit has secured an active virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), authorizing its entity Bybit Fintech FZE to offer spot exchange services to retail, qualified and institutional investors. VARA’s register lists the license issue date as June 20, 2026; a 2024 record showed a similar application as pending. The Bybit Dubai license covers spot trading, not derivatives, and does not mean services can launch immediately. Bybit must complete VARA’s launch process and meet operational requirements; no start date has been announced. The company says it hopes to add derivatives later, subject to approval. Bybit also holds a UAE federal license issued in October 2025, but that license does not cover services in Dubai. The approval expands Bybit’s regulated presence, although its near-term trading impact may be limited until operations begin.

Gate launched Gate Money at TOKEN2049 in Singapore on October 7, combining fiat currencies, digital assets, stocks, gold, bank accounts and payments in one app. The service aims to help users move between assets and use them in daily life, including spending eligible investments on purchases; CEO Dr. Han cited “buying coffee with stocks” as an example. Eligible users can also open bank accounts in their own names. Gate Money builds on the company’s trading infrastructure and liquidity, with traditional finance partnerships spanning brokers, clearing firms, custodians, banks and payment networks. Features will be adapted to local licensing requirements. Trading remains Gate’s largest revenue source, while payment income is currently small. Han said everyday financial services could eventually exceed trading, but expects adoption to take time. Tokenized stocks may trade around the clock, although liquidity outside regular market hours remains a challenge. Gate aims to double its user base within one to two years and plans to expand GT’s role through discounts and other ecosystem benefits. It is also exploring AI agents to help users manage assets and funds around the clock. Gate Money signals a broader push into payments and asset management, but the company has not provided a launch timetable or detailed adoption figures.

SpaceX shares rose 2% in premarket trading, according to MSX.COM data. A report said SpaceX is seeking access to 80,000 cellular sites in the United States to build a wireless communications network. The plans could expand SpaceX’s role in telecoms, although the report provided no further details on timing or investment. The development is primarily relevant to SpaceX and the telecommunications sector, with no direct cryptocurrency market catalyst identified.

Ethena’s synthetic dollar USDe has launched natively on X Layer, allowing users to hold and trade USDe within the network’s ecosystem. The deployment adds another stablecoin option for on-chain trading and liquidity, and may support future DeFi integrations and yield applications. OKX Wallet plans to add USDe staking and include USDe in its existing Looping Earn feature, enabling users to access related on-chain strategies with one click. No launch-related liquidity or adoption figures were provided.

Farside Investors’ data shows the Zcash investment product tracked under ticker ZCSH recorded $15.2 million in net inflows on October 21, its strongest positive session among the October dates shown. The product also attracted $1.6 million on October 20, bringing the two-day total to $16.8 million. Despite the rebound, Zcash flows remained negative over the displayed October 2–21 period, with net withdrawals totaling $70.5 million. The figures are Farside’s compiled estimates, not an issuer filing or an audited record of all ZEC purchases. Fund flows reflect demand through investment-product channels, but do not capture all Zcash market activity, network use, or trading in the product’s shares. The two positive sessions show a short-term improvement, not a confirmed reversal in October demand.

Defense startup Warhound has raised $200 million in seed funding at a reported $1.2 billion valuation to develop military and public-service dogs using genetic engineering and cloning. The company was conceived by Colossal Biosciences chief executive Ben Lamm and Anduril founder Palmer Luckey. Warhound says its first dogs are expected to be born in early 2027, with deployment targeted within two years. It has no signed customers yet, and pricing has not been set. Warhound says more than 80% of US military working dogs are sourced from Europe, and fewer than half make it through procurement and training to serve. The company aims to improve dogs’ health, working lifespan, speed, agility and detection abilities. Investors include Sequoia Capital, In-Q-Tel, ARK Invest, Franklin Templeton, 8VC and Lux Capital. Anduril will provide protective equipment and an augmented-reality headset, while Colossal’s ViaGen will support cloning. The announcement is a major biotechnology and defense funding story, but Warhound’s dogs have not yet been born and the company has no customers.

Norway’s financial industry association, Finans Norge, warned on 22 October about a gold investment scam in which fraudsters persuade victims to buy physical gold, promising to store it until prices rise. When the planned handover is cancelled, victims are told to leave the gold in a forest, park or other location, where an accomplice collects it. The first reported case surfaced in spring 2026, with recent incidents concentrated in Oslo, Bergen and other cities. Finans Norge has not provided case or loss totals for this specific scam. The scheme can bypass bank fraud controls because victims pay legitimate gold dealers directly and hand over the gold themselves. Fraudsters may first pitch cryptocurrency investments, then present gold as a safer alternative. The article also cites US data showing about 725 similar cases and losses of $311.8 million in 2025. The warning concerns physical gold fraud; it does not indicate a direct change in cryptocurrency market fundamentals.

The Blockchain Association has urged Congress to pass bipartisan crypto tax legislation, setting out 10 principles for clearer and more workable rules. In an Oct. 22 letter to House Speaker Mike Johnson, Minority Leader Hakeem Jeffries, Senate Majority Leader John Thune and Minority Leader Chuck Schumer, the trade group said 67 million Americans hold and use digital assets. The proposed crypto tax principles include a de minimis exemption for small transactions, treating stablecoins more like cash, extending wash-sale rules to crypto, and excluding transfers between a person’s own wallets from taxation when ownership does not change. The group also supports taxing mining and staking rewards when assets are sold, and limiting broker reporting to firms that control customer funds. The association’s call comes as the House Ways and Means Committee has advanced the Digital Asset Tax Certainty Act, which would exempt crypto transactions of $10 or less used for network or trading fees from gain-or-loss calculations, starting in 2028. Broader crypto market-structure legislation, the Clarity Act, remains stalled in the Senate after a procedural vote failed in September. The principles are a policy proposal, not enacted tax law.

US spot Bitcoin ETFs and Ethereum ETFs saw about $152 million in combined net outflows on Oct. 16, as Bitcoin funds continued a monthly shift from September’s $2.6 billion in inflows to outflows. Estimates of Bitcoin ETF withdrawals that day varied by provider, highlighting differences in flow reporting. By Oct. 22, outflows had accelerated sharply: the two ETF groups lost a combined $746.4 million, reversing the previous day’s inflows. Bitcoin ETFs accounted for $635.6 million, including $254.1 million from BlackRock’s IBIT and $217.5 million from Fidelity’s FBTC; Ethereum ETFs lost $110.8 million, with $75.5 million withdrawn from BlackRock’s ETHA. Bitcoin ETF outflows were their largest since Oct. 14. The latest withdrawals coincided with Bitcoin falling about 3.4% to $81,278 after failing to hold above $84,000, and Ethereum dropping around 3.7% to $2,394. The simultaneous weakness in ETF flows and prices points to softer investor appetite, but does not prove that redemptions caused the declines. Traders will monitor whether institutional demand recovers and whether continued selling tests price support.

BlackRock Debt Strategies Fund (DSU), a closed-end fund focused on senior loans, offers a 13.7% yield. Its floating-rate holdings and short-duration profile support income, while leverage of 17.8% and credit exposure can increase net asset value volatility, particularly if interest rates fall. DSU trades at a 6.7% discount to net asset value, but its negative 1-year Z-score of -2.26 does not necessarily signal undervaluation: the discount remains within its historical range. The analysis cautions investors against treating the discount as a buy signal without weighing credit and interest-rate risks.

An Seeking Alpha contributor rates monday.com (MNDY) a Buy at $90 per share, estimating a probability-weighted intrinsic value of $113.50—about 26% upside. The thesis depends on monday.com improving operating leverage and reducing operating expenses to 75% of revenue by 2031, rather than relying solely on monetising AI credits. AI credits could lift revenue per customer, but may also put pressure on gross margins. The analysis identifies risks if operating expenses remain high or gross margin falls below 81%. Q3 and Q4 2026 earnings are flagged as key catalysts, with gross margin and GAAP operating expenses as a percentage of revenue among the metrics to watch. This is an equity investment view, not news about a cryptocurrency or the crypto market.

Comcast remains a strong-buy idea for the analyst, who says its shares offer a wide margin of safety after recent weakness. The investment case rests on a deeply discounted valuation and conservative assumptions, despite cyclical and structural pressure on the company’s connectivity business. Comcast’s Content & Experiences segment is a potential source of upside. Peacock’s development and a planned spin-off involving NBCUniversal and Sky could unlock value. The analyst also points to scope for operational improvements. The risks include competition, leverage and execution challenges. The article says the balance of risk and potential reward is asymmetric, but frames Comcast as a tactical or small long-term position rather than a risk-free investment. It does not provide Q3 financial figures or specific valuation targets.

HSBC is gradually rolling out RedCoin, its Hong Kong dollar-backed stablecoin, to more than 3.3 million PayMe users. Customers can activate a RedCoin wallet without opening another bank account or maintaining a minimum balance. The wallet supports peer-to-peer transfers and payments at merchants that accept PayMe. HSBC has not disclosed wallet activation numbers or transaction volumes. As of October 23, RedCoin in circulation totalled HK$80.58 million, against HK$81.58 million in reserves. HSBC says the stablecoin is redeemable one-for-one for Hong Kong dollars and runs on the bank’s distributed ledger network. RedCoin is not covered by Hong Kong’s Deposit Protection Scheme, and an independent reserve attestation is expected after the fourth quarter of 2026. HSBC received a stablecoin issuer licence in April. The launch puts a major bank’s regulated Hong Kong dollar stablecoin in reach of retail users; another licensed issuer, Anchorpoint Financial, launched HKDAP through HashKey Exchange in August. HSBC plans to add RedCoin wallets to its mobile banking app and offer tokenized investments before the end of 2026. Its planned first product is a Hong Kong dollar money market fund, with subscriptions from HK$100. The bank also intends to develop corporate and institutional uses for RedCoin.

Anthropic has partnered with European private-equity firm Hg to launch an AI consultancy for businesses across Europe, according to the Financial Times. The new company will help clients implement Anthropic’s Claude AI models in business settings. The partnership expands a relationship that began in 2024 and gives Anthropic another route to generate revenue from its AI technology beyond model licensing. The deal does not confirm an IPO or new funding plans. For crypto traders, it has no direct effect on digital-asset markets, though it may contribute to broader interest in AI-related companies and technology.

AI IPOs are slowing as high interest rates and weakness in AI operator stocks make public-market investors more cautious. Bloomberg Markets reports that several AI-related offerings have been cancelled, paused or delayed. Investors are also seeking clearer evidence that heavy data-centre spending can generate returns. OpenAI is reportedly seeking private funding at a valuation of $1.25 trillion to $1.4 trillion, while Anthropic is described as the only major US technology IPO still moving forward, with a potential valuation near $1.5 trillion. The delays point to a gap between continued demand for private AI funding and more selective conditions in public markets. For traders, the key signals to watch are IPO timing, company growth and revenue disclosures, interest rates, and sentiment toward AI stocks.

Hong Kong Exchanges and Clearing (HKEX) has launched the HKEX Artificial Intelligence Index and the HKEX Semiconductor Index, expanding its range of proprietary indexes. The semiconductor index tracks the performance of the 30 largest semiconductor-related companies listed in Hong Kong. HKEX has also authorised Southern Fund to launch a mainland China ETF tracking the AI index. The new indexes give investors benchmarks for tracking the artificial intelligence and semiconductor sectors. The announcement has no direct cryptocurrency-market component.

A proposed Tesla-SpaceX merger could face antitrust scrutiny, according to a former US Justice Department official cited by Semafor. The deal remains hypothetical, and any review would depend on its terms. Regulators may view a vertical merger as beneficial if it improves supply-chain efficiency, but could oppose it if the combined company uses SpaceX technology, such as Starlink, to limit competitors’ access and disadvantage other electric-vehicle or autonomous-driving firms. The Tesla-SpaceX merger could also draw political and congressional attention. The potential review creates uncertainty around the proposal, but the report identifies no direct implications for cryptocurrency markets.

The PHP project released critical fixes on October 21 for two vulnerabilities that could allow unauthenticated remote code execution. It urged users to update immediately. Patched versions are PHP 8.5.12, 8.4.27, 8.3.36 and 8.2.35. Web-facing installations are at risk, with Apache mod_php configurations singled out as particularly exposed. Crypto businesses should check whether their storefronts, hosting environments or connected services run affected PHP versions, and confirm the runtime itself is patched. The advisory does not report a breach of Bitcoin or BTCPay Server, nor does it identify stolen funds or a compromised crypto company. It highlights the need to secure the wider infrastructure supporting crypto payments, not just wallets and payment software.

Bitcoin has traded in a narrow range, with its price little changed over the past month and the five largest cryptocurrencies moving less than 2% in the past week. Analysts say the calm could precede a sharp move, although it is not necessarily a bullish signal: some see resilient investor demand, while others point to global risk-off sentiment and weak follow-through on buying. Bitcoin is in “wait and see mode” ahead of the US Federal Reserve’s rate decision on October 28. Other near-term catalysts include a $11.69 billion Bitcoin options expiry on October 30 and US midterm elections on November 3. One analyst said a steady Fed and continued ETF inflows could support an upward breakout; another rate hike could put Bitcoin’s $75,000–$77,000 support zone back in focus. Bitcoin briefly fell below $80,000 last week before attracting buyers. BlackRock’s Bitcoin ETF recorded $665.2 million in inflows on Monday, but analysts said buying has not been consistent enough to sustain a rally. Despite muted trading in major coins, smaller tokens such as BAT have risen sharply over the past month. Traders are watching macroeconomic news, ETF flows and derivatives pricing for clues to the market’s next move.

US President Donald Trump said on 21 October that Google CEO Sundar Pichai rejected his request to rename the Atlantic, reportedly arguing that the ocean spans too many countries. Google has not confirmed Trump’s account or publicly commented. Trump said he would probably drop the idea, then suggested calling the Pacific the “American Ocean.” The Atlantic renaming idea follows Trump’s earlier proposals to rename the Pacific and his administration’s moves to rename the Gulf of Mexico as the Gulf of America and Lake Ontario as Lake America. Google Maps updated its US-facing names after official US government geographic records changed, while displaying different names to users in other countries. The episode has no direct connection to crypto markets.

A 62-year-old former accounting manager at a machinery company in Higashiosaka, Japan, was arrested on suspicion of embezzling about ¥59 million between March and September 2024. Police say he transferred company funds to his personal account more than 60 times by adding it to payments intended for vendors. The accountant reportedly admitted to embezzling more than ¥200 million in total since joining the company in 2020, saying he spent the money on livestream donations and entertainment. The company later closed after discovering a significant shortfall in its accounts. The case is an example of corporate embezzlement, not a cryptocurrency-related crime.

Malaysia’s central bank and the Bank of Thailand have joined BLOOM, the cross-border digital currency initiative led by the Monetary Authority of Singapore (MAS). The three central banks will develop standards for accepting, exchanging and settling stablecoins, tokenized bank deposits and central bank digital currencies across institutions, networks and jurisdictions. BLOOM focuses on wholesale payments, including cross-border transfers, corporate treasury and trade finance. Its work aims to improve interoperability and reduce the cost and time of setting up separate arrangements between markets. It will also explore programmable safeguards such as identity checks, sanctions screening and transaction controls. Potential uses include payments by AI agents operating within preset limits. The initiative has expanded beyond its initial group, which included Circle, DBS, Stripe and the World Bank Group. New participants include Ripple, Visa, Mastercard and Airwallex, alongside other banks, payment firms and digital asset companies. Malaysia is also preparing 2026 tests of ringgit stablecoins and tokenized deposits that could connect with BLOOM’s regional framework. For crypto traders, BLOOM’s expansion signals rising official interest in stablecoin and tokenized-money infrastructure in Southeast Asia. However, no live launch, transaction volumes or new rules have been announced. The near-term price impact is therefore likely limited; BLOOM is more significant as a long-term interoperability and regulatory development than as a direct token-price catalyst.