Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

HTX Research’s report on the 2026 U.S. midterm elections expects elevated crypto market volatility before and immediately after the vote. It says inflation, financing costs and capital flows are likely to drive short-term crypto prices more than election politics. The report anticipates repeated repricing and diverging performance across digital assets, rather than a sustained rally based on a single political narrative. It examines possible effects on crypto legislation, regulatory oversight and asset prices under different congressional outcomes, and outlines indicators to monitor through the first half of 2027. The report is available on HTX’s website.

Taiwanese software company Efly Information will stop sales on 31 October and close after completing existing warranty commitments. Its QBoss inventory, accounting and e-invoice software has served more than 40,000 business customers over 23 years, but only around 16,000 remain active and about 1,000 pay annual maintenance fees. The company said project revenue had long subsidised software support, but projects became harder to secure and were delayed or cancelled. Customer disputes and a legal complaint also added pressure. Efly will continue support for customers with active warranties until their contracts expire; it will no longer provide technical support to customers whose warranties have ended. The closure highlights the financial challenges of sustaining legacy business software when most users do not pay recurring maintenance fees.

Bitcoin’s historical midterm-election bottom pattern may not hold in 2026. In 2015, 2018 and 2022, Bitcoin reached major bear-market lows 71, 38 and 13 days after US midterm elections. This year, its low so far was $57,850 on July 1, 125 days before the November 3 vote. By October 22, Bitcoin had rebounded about 40% to roughly $81,455, although it was down around 6% over the previous 30 days. Earlier analysis noted that Bitcoin’s fourth-quarter returns were negative in those past cycle-bottom years, while technology stocks showed no consistent matching pattern. The new comparison finds Bitcoin fell about 29% and 37% in the six months before the 2018 and 2022 elections. QQQ’s performance varied, and Bitcoin and QQQ were both down about 6% over 30 days. Over 90 days, Bitcoin gained 26%, versus QQQ’s 3% rise. This points to Bitcoin’s own market cycle, including its halving-driven supply cycle, as a stronger explanation than a direct election effect; three historical examples are not enough to establish a reliable rule. For traders, Bitcoin’s short-term holder cost basis near $73,000 remains a level to watch: a sustained break below it could leave recent buyers underwater and increase selling pressure. Institutional participation, spot Bitcoin ETF flows and liquidity conditions may also make this cycle different. While post-midterm weakness historically preceded stronger gains the following year, the pattern is uncertain and should not be treated as a dependable forecast.

Zcash (ZEC) is at the centre of a growing contest between the Winklevoss twins and Digital Currency Group (DCG), as the privacy coin has gained about 3,000% year to date. The rivalry spans investment products and mining infrastructure. DCG’s Grayscale launched what the article describes as the first US Zcash ETF in August. The Winklevoss twins filed this month to launch a competing Zcash ETF. Their backed miner, Cypherpunk Technologies, holds about 20% of the network’s computing power. DCG-backed Fortitude Mining says its share is expected to reach 20% after planned capacity additions. The firms plan to invest tens of millions of dollars to expand mining capacity. Because Zcash mining rewards are distributed through competition for a fixed issuance, more computing power can increase a miner’s chance of earning rewards but does not guarantee a higher ZEC price.

Meteora has become a major liquidity venue for mature Solana meme coins, even though it lacks the large launchpads that help PumpSwap and Raydium capture early trading. The article argues that Meteora’s DLMM pools attract substantial routed volume because they offer competitive execution and flexible liquidity. In recent weeks, meme coins accounted for 30%–45% of Meteora’s trading volume but more than 90% of its protocol revenue. Weekly volume has rebounded about 2.4 times from its August low, to roughly $1.5 billion. The analysis says Meteora captures around 30% of Fomo’s Solana meme-coin volume and 25%–35% of Jupiter aggregator’s meme-coin trades. About 128 million MET—roughly 23% of circulating supply—is staked. The author sees the token’s roughly $370 million fully diluted valuation as potentially underpricing Meteora’s role as a liquidity layer for successful Solana tokens. DLMM Pro could also help the platform attract projects earlier in their launch and trading lifecycle. Key risks include the cyclical nature of meme-coin activity, competition from Raydium, and Pump App’s ability to keep more trades within PumpSwap. The investment case therefore depends on continued Solana meme-coin demand and Meteora maintaining its execution and routed-volume advantage.

Agentic software factories combine AI coding agents, project context, automation and checks to carry software work forward without constant human supervision. The article says a factory can start with one agent and a simple automated task, then expand as needs arise. Four layers support an agentic software factory: a harness that lets agents edit and run code; personalization through project rules, references and skills; automation that starts and resumes tasks; and continual learning that improves instructions and checks based on past runs. Clear specifications, suitable permissions and verification are essential throughout. The authors illustrate the approach with an invoice-tracking app. Agents could build and test features, while people review decisions and evidence. Multiple agents can also coordinate independent tasks, with deterministic tests, agent reviews and human judgment used together. The same systems can help operate the software they build, such as preparing customer follow-ups or interview materials for approval. The article presents agentic software factories as a way to delegate more implementation while keeping humans responsible for goals, safeguards and acceptance.

South Korea plans to amend its Foreign Exchange Transactions Act to bring payment stablecoins under formal reporting and oversight rules, including for cross-border transactions. The proposal would give payment stablecoins clearer legal status, building on the government’s broader digital-asset regulatory efforts, including a draft Digital Asset Basic Act covering crypto exchange licensing and stablecoin issuance. The Bank of Korea is also preparing a virtual-asset monitoring system. No timetable or detailed requirements have been announced. For traders, the stablecoin rules are a longer-term regulatory development, not an immediate market catalyst; their impact will depend on implementation and whether clearer rules support wider adoption.

Glassnode and Fasanara Digital’s Q4 2026 Digital Asset Report says traditional finance is increasingly using crypto derivatives, with perpetual contracts linked to stocks, gold and oil gaining traction on major trading venues. The report examines liquidity, derivatives, tokenized assets and institutional flows, and describes the trend as a structural shift as institutions incorporate these instruments into investment strategies. Perpetual futures have no expiry date and use funding payments between traders to keep contract prices close to the underlying asset. Their expansion into traditional markets could intensify competition between crypto venues and conventional futures exchanges and brokerages. It also brings risks: leverage can magnify losses and liquidations, while 24/7 trading may expose participants to faster moves. The report offers no specific trading-volume figures or direct market-price forecast.

The Cysic bridge exploit has taken a new turn: the attacker transferred about $744,000 in ETH and BNB to Tornado Cash on Friday, according to PeckShield. The funds included 300 ETH and 30.4 BNB. The exploit, disclosed on Saturday, allowed the attacker to mint 10 million CYS tokens on BNB Smart Chain. Cysic suspended the bridge and blacklisted the recipient wallet, freezing about 2.8 million newly minted tokens. The foundation said its mainnet and assets already held in user wallets were unaffected. Cysic later offered a 10% recovery bounty if the attacker returned 275.872 ETH, worth about $665,000 and representing roughly 90% of the identified Ether proceeds. The transfer to Tornado Cash may make tracing the funds more difficult. The incident could weigh on sentiment toward CYS and bridge security, although the article reports no broader market impact.

A large Bitcoin holder deposited 4,000 BTC, worth about $327 million, to Binance and Deribit over five hours, according to blockchain analytics firm Lookonchain. The transfers put a substantial amount of Bitcoin on centralized trading platforms, where it could be used for spot sales, derivatives positions or as collateral. The deposits alone do not confirm that the whale intends to sell, but traders may watch for increased Bitcoin supply on exchanges and short-term price volatility.

New York State is seeking to recover $1.37 billion from fugitive NovaTech founders. Investigators have traced $134.5 million in investor funds to cryptocurrency wallets, according to a report cited by Solid Intel. The report does not identify the founders, specify which wallets or tokens were involved, or provide details on the legal process. The NovaTech case highlights the risks of alleged investment fraud and the challenges of tracing and recovering funds moved through crypto wallets.

Elon Musk has publicly backed a potential SpaceX-Tesla merger, prompting concern among some insiders that the deal could be delayed by several weeks. Musk has acknowledged a conflict of interest and cannot take part in the special committee’s discussions. The SpaceX-Tesla merger has no direct connection to cryptocurrency markets, though any broader impact would likely depend on changes in investor sentiment toward major technology companies.

CME Group reported record third-quarter revenue of $1.7373 billion on October 21, up about 13% from $1.5376 billion a year earlier. Average daily trading volume reached approximately 29.4 million contracts, while market-data revenue totalled $243 million. The figures cover CME’s entire exchange business and do not disclose how much revenue came from crypto derivatives. A separate September product announcement said the exchange planned to launch Bitcoin Cash and Uniswap futures on October 19, subject to regulatory review. CME also reported first-half 2026 crypto futures and options average daily volume of 279,800 contracts, equivalent to $8.3 billion in notional value. Those figures are for the first half, not the third quarter, and cannot be used to calculate crypto-specific growth in the latest results. The earnings show strong overall activity at a major regulated derivatives exchange, but do not reveal crypto traders’ market direction or the crypto business’s contribution to growth. Contract counts also do not equal notional exposure, particularly when Micro and standard contracts are compared.

1inch says developers can use its Swap API to add tokenized real-world asset (RWA) swaps across Ethereum, BNB Chain, Base and Robinhood Chain. The API connects applications with assets from providers including Ondo, xStocks, Maple and Coinbase, offering a shared execution layer rather than requiring separate integrations for each issuer and network. On Ethereum, the API supports assets from Ondo, xStocks and Maple. Ondo RWAs have recorded more than $2.5 billion in trading volume through 1inch, according to the article. Ondo and xStocks are also supported on BNB Chain. On Base, 1inch provides access to Coinbase tokenized stocks, including assets linked to Apple, Alphabet, Meta and Nvidia. Robinhood Chain supports RWA swaps and 24/5 trading. The API is a non-custodial aggregation and execution service, not an issuer or custodian. Asset access and trading conditions depend on the issuer, network, liquidity, compliance requirements and jurisdiction. The expansion could make RWA swaps easier for wallets and apps to integrate, but does not guarantee liquidity or broad user access.

Anthropic could begin its IPO roadshow as early as the week of 9 November, with some investors discussing a valuation of about $1.5 trillion. That would be roughly 55% above the company’s $965 billion post-money valuation in its May funding round, although the figures remain under discussion and no public S-1 filing was available as of 23 October. Bloomberg estimates based on the $965 billion valuation put Spark Capital’s stake at about $7 billion, up from its $75 million investment, and Iconiq’s at roughly $17 billion after investing more than $6 billion. Menlo Ventures’ stake was estimated at $14 billion, while Sequoia Capital and Singapore’s GIC each held about 1%. These are paper valuations and do not account for dilution from new IPO shares. FTX, which invested $500 million in Anthropic in 2021, sold its entire stake for about $1.34 billion during its 2024 bankruptcy liquidation. The potential Anthropic IPO highlights the scale of investor returns in the AI sector, but the reported valuations are not realized gains and may change before listing.

Chainlink and South Korean IT services firm LG CNS are expanding a strategic partnership to build digital asset infrastructure for Korean institutions, following a memorandum signed on Oct. 6. LG CNS plans to integrate Chainlink’s data, interoperability and cross-chain services into its platforms, with an initial focus on Korean won stablecoin use and distribution to more than 1.1 million eligible users. The firms also aim to develop technical standards for regulated digital assets and support tokenised securities. LG CNS is the lead contractor for the Bank of Korea’s Project Hangang CBDC initiative, whose first phase involved about 80,000 customers at seven banks. The announcement disclosed no financial terms or launch date. The companies cited a $68 billion Korean digital asset market and more than 11 million people eligible to trade crypto. South Korea is also considering a Digital Asset Basic Act covering stablecoin issuance and other digital assets; competitors and related projects include Injective and BDACS’s KRW1 stablecoin, as well as LG CNS’s tokenised securities work with Securitize. The partnership could strengthen Chainlink’s institutional presence, but any effect on LINK demand will depend on regulatory progress, integrations and adoption. Its immediate price impact remains uncertain.

HSBC is rolling out RedCoin (RCHKD), its Hong Kong dollar stablecoin, on the PayMe app. More than 3.3 million PayMe users will be able to activate wallets in stages to transfer RedCoin and pay at over 100,000 merchants. HSBC says the stablecoin is backed by high-quality liquid assets held in separate accounts, while HSBC Digital Assets Custody will safeguard the token. The Hong Kong Monetary Authority licensed HSBC as a stablecoin issuer in April. The launch follows Anchorpoint Financial’s limited rollout of its HKDAP stablecoin in August. HSBC plans to add RedCoin to its mobile banking app later this year, potentially enabling customers to access tokenized investments, including a planned share class of a Hong Kong dollar money market fund. The bank has also signalled plans to explore corporate and institutional use.

Amazon CEO Andy Jassy says the company plans roughly $220 billion in capital spending in 2026, while demand for AI infrastructure still exceeds available capacity. He says the investment could help AWS grow into a business with a $1 trillion annual run rate. In a discussion with a16z co-founder Ben Horowitz and Erik Torenberg, Jassy said falling AI inference costs could make the technology more accessible to businesses. He also described how AI is changing Amazon’s operations, enabling smaller teams to build products faster and prompting a rethink of Alexa. Jassy highlighted cybersecurity, human judgment and critical thinking as increasingly important in the AI era.

Hardware signer verification—not simply adding more devices—can help Bitcoin users check what a signing device actually does, according to an article about EntropyLab’s work on PSBT audits. Its planned audit feature would compare the PSBT sent to a hardware signer with the one returned, checking transaction details, signatures, sighash settings, metadata, change outputs and other fields. EntropyLab also checks supported ECDSA signatures for nonce reuse and can verify Jade anti-exfil records when the required data is available. The article stresses that a match with an independently calculated signature does not prove a signer is trustworthy, while a mismatch requires investigation rather than proving malice. Multisig remains useful for shared control, redundancy and geographic separation of keys; transaction and signature verification address a different threat: whether a signer behaves as expected. The approach has limits, including private-key requirements for some checks, support constraints and incomplete protection against hardware, firmware or supply-chain attacks.

The article reports continued growth across much of the eurozone, based on purchasing managers’ index (PMI) data, while France remains the main exception. The headline offers no specific PMI readings or further details, so the scale and sectoral sources of growth cannot be assessed. Traders may view the eurozone PMI as a broad signal of regional economic momentum, with France’s weaker performance highlighting uneven conditions. The PMI data may also inform expectations for the European Central Bank’s policy outlook.

SM Energy’s 2026 revenue outlook is set to improve following its all-stock acquisition of Civitas Resources in January and a rally in oil prices. The deal expanded SM Energy’s exposure to the Permian Basin, where major producers including ExxonMobil and Chevron have also grown their presence. The larger production base and stronger oil prices are expected to lift revenue and profitability. For traders, the outlook depends on the acquisition’s contribution to production and costs, as well as future crude prices; the article provides no specific revenue or production estimates.

GE Aerospace was upgraded to “Buy” after strong third-quarter results and an improved valuation. The company reported non-GAAP earnings per share of $2.25 and revenue growth of 18%. Management also raised its fiscal 2026 guidance across key metrics. The analyst set a $324 price target, implying nearly 10% upside, and cited technical support near $270. Supply-chain constraints, inflation and economic cyclicality remain risks. However, defense demand and exposure to AI infrastructure support the investment case. The article also notes wider pressure on the AI trade after results from SpaceX, Meta and Tesla, alongside geopolitical concerns.

Singapore, Malaysia and Thailand are working through the BLOOM initiative to develop practical arrangements for cross-border stablecoin payments and other forms of digital money. The central banks will focus on settlement, interoperability and programmable compliance, including identity checks, sanctions screening and transaction controls. BLOOM aims to reduce the cost and complexity of connecting payment systems across markets. The initiative has expanded to include institutions such as Ripple, Mastercard, Maybank, Visa, Airwallex and the World Bank Group; existing participants include Circle, Coinbase and J.P. Morgan. Their involvement creates a broader forum for discussing tokenized deposits, stablecoins and central bank digital currencies, but does not approve any token for use across the three countries. Each central bank retains its own regulatory authority. Malaysia is preparing tests of ringgit stablecoins and tokenized deposits in 2026, while Thailand is consulting on rules for baht-backed stablecoin issuers and wallet providers. BLOOM has not announced a shared license, a live three-country settlement service, transaction volumes or a launch timetable. For crypto traders, the expansion is a long-term signal of official interest in stablecoin infrastructure in Southeast Asia, but it is unlikely to be an immediate price catalyst for any specific token.

FOMO has begun the public rollout of FOMO Bridge, its in-house cross-chain bridge, alongside a proprietary trading router. The company says FOMO Bridge can complete swaps in under one second and execute trades up to 50% faster than alternatives, replacing its reliance on external infrastructure such as Relay. In reported tests, SOL-to-Base buy times fell from 1.083 seconds to 0.583 seconds, a 46% reduction. Dune data for 15–21 October showed FOMO Bridge was faster than Pump.fun’s bridge in four Solana–Robinhood route tests, including during high-traffic periods. FOMO also reported about 4.27 million trades on those routes over 30 days, versus roughly 439,000 for Pump.fun. These results are not a like-for-like comparison with Pump.fun’s separate tests, which recorded average purchase times of 1.95 seconds through its bridge and 3.88 seconds through Relay across more than 400,000 outcomes. FOMO says its router improved average execution prices by 0.5%, with gains above 2% for the worst-performing 10% of trades. The upgrade was tested with a limited group for about a week before rollout. The speed and execution claims have not been independently audited, and the platforms have not fully disclosed liquidity sources, security arrangements or how failed transfers are handled. For traders, faster cross-chain swaps may help during volatile periods, but the figures do not prove a lasting performance advantage or lower risk. The launch is an infrastructure development, not a direct catalyst for SOL’s price or the wider crypto market.

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.