Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Lookonchain reported that trader 0xe813 opened a long position of 26,974 ETH after the market fell. The ETH position is valued at about $63.88 million and is showing an unrealised profit of $842,000. Lookonchain describes the trader as having a 100% win rate and says they previously made $3.3 million trading NEAR. The large ETH long position may draw attention from traders, but it represents one trader’s activity and does not by itself confirm a broader market reversal.

HSBC RedCoin (RCHKD), HSBC’s Hong Kong dollar stablecoin, has reached HK$80.8 million in circulation, backed by HK$81.8 million in cash, according to a disclosure updated on 25 October. The 1:1 HKD-pegged stablecoin initially launched through PayMe, where more than 3.3 million users are expected to gain access for peer-to-peer transfers and payments at over 100,000 merchants. Buying and redeeming RedCoin are currently free, and redeemed funds are due in Hong Kong dollars within one business day. RedCoin is issued under a Hong Kong Monetary Authority licence and runs on HSBC’s private, permissioned ledger. Its use remains limited: users and transfer recipients must be HSBC customers, PayMe and HSBC’s mobile banking app cannot transfer RedCoin between their wallets, and the stablecoin is not connected to a public blockchain. It is not a bank deposit and is not covered by Hong Kong’s deposit protection scheme. HSBC plans to add RedCoin to its mobile banking app and support tokenised investment products, including a Hong Kong dollar money market fund. The bank expects its first independent reserve attestation after the fourth quarter of 2026. For crypto traders, RedCoin’s growing circulation is a test of regulated retail stablecoin payments, but its closed ecosystem limits immediate use in DeFi and broader crypto markets. Unlike widely used stablecoins such as USDT and USDC, RedCoin currently has limited interoperability.

Cardano’s community treasury is voting on a Toto Finance proposal to allocate 22 million ADA, worth about $5 million, to a strategic copper reserve. The Cardano treasury proposal would spend about 14.72 million ADA on exchange-grade copper, with the remainder covering storage, insurance, audits and administration. The copper would be tokenized as CuTT and held for 18 to 24 months. Toto estimates a purchase price of $6.73 per pound and a sale price of about $10.06; if ADA’s dollar value remains unchanged, copper would need to rise roughly 49.4% for the project to recoup its full cost. Toto would retain legal title under proposed safeguards and could receive up to about 3.36 million ADA in fees and operating payments, while keeping commercial rights and income from its separately funded CuTT business. The vote closes on November 15, and no withdrawal has been approved. With 457.4 million ADA already used from a 500 million ADA withdrawal allowance, approval would use about 51.6% of the remaining capacity, raising concerns about treasury risk and funding available for other projects.

Plans by OKX and Intercontinental Exchange (ICE) to offer tokenized stocks face objections from 22 companies, including Microsoft, Alphabet, Goldman Sachs, Wells Fargo and Arm Holdings. The number rose from 16 after six more issuers objected on October 23. The objections put a substantial part of the proposed 63-stock lineup at risk, although the total number of affected stocks is unclear because at least one objecting company was not on the original list. Under the SEC’s five-year Innovation Exemption framework, companies have 30 days after notification to object to third-party tokenized versions of their shares. A valid objection would prevent OKX’s planned venue from offering those specific tokens, but would not prohibit the issuer from tokenizing its own shares or block other eligible securities. The companies have not collectively explained their reasons. The venture plans round-the-clock trading on the XLayer blockchain through permissioned Uniswap v4 liquidity pools, with stablecoin settlement using USDC, USDT and USDG. Shares are expected to be held through registered brokerage infrastructure, and the tokens are designed to provide equivalent shareholder rights. No launch date has been announced, and further objections may follow. For crypto traders, the dispute underscores issuer-consent and regulatory risks for tokenized stocks and could narrow the platform’s initial offering. The immediate effect is likely to remain concentrated in digital-asset tokenization, with limited direct impact on broader crypto prices.

Coinbase co-founder Brian Armstrong gained 52.2% of the exchange’s voting power in May 2021 without buying additional shares. Coinbase’s dual-class share structure gave Class B shares 20 votes each, compared with one vote for public Class A shares. When some Class B shareholders sold or transferred shares, those shares converted into Class A, reducing their voting weight and increasing Armstrong’s relative influence. Coinbase’s April 2026 proxy statement reported that Armstrong held 49.6% of total voting power as of March 31, 2026. A further 18.9% was held by entities and trusts he established but that are administered by an independent trustee. Coinbase said Armstrong and the trustee could collectively exercise majority voting rights. The arrangement gives the founder substantial influence over board elections and other corporate decisions, while limiting ordinary shareholders’ say. The governance structure is relevant to Coinbase investors, but the article reports no direct impact on crypto prices.

The XRP Ledger’s fixCleanup3_4_0 amendment regained support from more than 80% of trusted validators on October 21, restarting its mandatory 14-day activation countdown. Support had briefly fallen to 26 of 35 validators, below the 29 votes required. By October 24, 32 validators—91.43%—backed the amendment. Its earlier countdown began on October 9 and stopped when support dropped, cancelling the expected October 23 activation. If support stays above the threshold, November 4 at about 14:46 UTC is the earliest expected activation window, not a guaranteed date. The XRP Ledger upgrade bundles technical fixes involving permissions, automated market makers, escrow, transaction signatures and Single Asset Vault calculations. Separate LendingProtocol proposals remain below the activation threshold, so the amendment does not mean the proposed native lending system has launched. XRP holders do not vote on amendments; validator support determines whether the countdown continues. Traders should monitor support and confirmation of activation. The upgrade may improve ledger functionality, but the reports identify no direct catalyst for XRP price direction.

Robinhood Chain recorded $3.68 billion in decentralised exchange trading volume for tokenised stocks between 24 September and 23 October, according to crypto researcher Tom Wan. Some 59% of that activity took place outside regular US stock-market hours. Regular-session trading accounted for $1.5 billion, or 41% of the total. The remaining activity included $677 million in pre-market trading, $608 million overnight, $532 million at weekends and $363 million after hours. The figures highlight Robinhood Chain’s role in offering access to tokenised stocks beyond conventional market schedules. Nasdaq and NYSE Arca plan to introduce trading five days a week for 23 hours a day from 6 December. That change could address some demand for overnight access, but would not provide weekend trading. Wan said weekend availability remains a distinctive advantage for on-chain markets.

South Korea has again delayed its cryptocurrency income tax, which had been scheduled to take effect on 1 January 2027. The presidential office announced the postponement, but the report did not give a new start date. South Korea’s crypto tax was established in a 2020 revision to the Income Tax Act and has already been postponed three times. Under the current rules, annual gains from virtual-asset transfers and lending would be taxed at a combined 22% after a basic exemption of 2.5 million won. The delay removes the immediate prospect of the tax taking effect, while leaving uncertainty over when the policy will be introduced.

Finnish authorities have ordered Google’s planned data center sites in Muhos and Otanmäki to stop major preparatory work until environmental impact assessments are complete. Google cleared about 530 hectares of forest across the two sites before the assessments were finished or formal building permits were issued. Finnish law requires an assessment before projects involving large-scale land-use changes and forest clearing of more than 200 hectares can proceed. The Finnish Permitting and Supervisory Agency said the work—including logging, topsoil removal, road construction and drainage changes—could not be treated simply as forest management. Google said it acted according to its understanding of the law and confirmed the halt. The order could remain in place for months; failure to comply may bring coercive fines, while the legal consequences for the trees already cut remain uncertain. Police have also begun a preliminary investigation into the Muhos site. The projects are part of Google’s announced €13 billion investment in Finnish data centers. Reports that wolves entered a nearby village after the clearing have not been conclusively linked to the project; national wolf sightings have also risen. The dispute highlights environmental permitting and regulatory risks facing large data center developments, but has no direct cryptocurrency-market catalyst.

TRX Gold is relying on revenue from its Buckreef gold operation to help self-fund planned expansion, potentially limiting the need for external financing. The article says gold prices remain supportive despite a recent pullback, with forecasts pointing to stronger prices in 2027. It describes the current entry point for TRX Gold shares as favorable, while expecting moderate catalysts as expansion progresses and market uncertainty eases. Key risks include the company’s narrow asset base and exposure to a limited commodity mix. The article provides no production, revenue or expansion-cost figures.

Bitcoin critic and gold advocate Peter Schiff says Bitcoin has weakened after falling below $80,000, and identifies $75,000 as a possible next support level. Schiff warned that if Bitcoin fails to hold that level, holders could face a difficult weekend. He singled out spot Bitcoin ETF investors, who cannot trade until markets reopen on Monday. His comments are a market opinion, not confirmation that Bitcoin will reach $75,000.

Trader Frank has clarified that his main perpetuals wallet is still not profitable overall, despite community praise calling him “the best trader.” The DeGods founder said most of the money he has earned came from on-chain trading across previous market cycles, not from his main perpetuals wallet. Frank’s cumulative PnL ranking on the Fomo platform briefly moved ahead of Bonk Guy’s to take first place, but Bonk Guy has since overtaken him. The remarks offer context on Frank’s trading performance but do not point to a change in market direction.

Chinese national Zheng Zhao was extradited from the Netherlands to the US and appeared in a California federal court on 23 October, where he was ordered detained. He faces a money-laundering conspiracy charge tied to an alleged Cambodia-based investment and crypto scam that targeted 174 Americans and moved more than $36.9 million. Prosecutors say funds passed through accounts in the US and a Deltec Bank account in the Bahamas, were converted into Tether (USDT), and sent to wallets in Cambodia. The US Department of Justice says scam centres in Cambodia operated the scheme. Eight alleged co-conspirators have pleaded guilty; two received prison sentences of 51 and 46 months, with restitution orders of about $26.9 million in each case. Zhao is scheduled for arraignment on 30 November and could face up to 20 years in prison if convicted. He is presumed innocent. The case highlights the alleged use of stablecoins and cross-border transfers in crypto fraud, but does not point to a flaw in USDT or a broader market risk.

An AI-generated image falsely showing a McDonald’s sign collapsed in Taichung during Typhoon No. 29 began circulating online on 22 October. Police found the sign intact and confirmed the image was fake the following morning. The original social media post was later deleted. Taichung police notified six people, most of them residents of Dajia who had reposted the image. Authorities have not said whether the suspected creator was among them. Depending on the evidence and intent, people who share misinformation may face penalties under Taiwan’s Social Order Maintenance Act, while deliberately creating and spreading false disaster information could carry up to three years in prison or a fine of up to NT$1 million under the Disaster Prevention and Protection Act. McDonald’s has also filed a complaint alleging damage to its business reputation. The case highlights the risks of AI-generated misinformation during emergencies, when fabricated images can appear plausible and intensify public concern.

Bitcoin rebounded from an October 15 low near $79,800 to almost $84,800, but the recovery later faltered. After briefly dipping to about $79,200 on October 24, Bitcoin was trading near $80,900 on October 25, below its weekly high of roughly $84,900. ETF flows have turned uneven. US spot Bitcoin ETFs attracted nearly $550 million over October 19 and 20, but then recorded $635.6 million in net outflows on October 22, reversing $524.8 million in inflows the previous session. The reversal points to uncertain institutional demand. In the near term, Bitcoin faces resistance around $81,500 and $82,400; a break above could bring the $84,000–$85,000 range back into view. A broader resistance zone lies between $85,000 and $87,500. Support is near $80,100, followed by about $78,100 and $76,800. A renewed move below $80,000 could put recent lows at risk. Inflation concerns, interest-rate expectations, pressure on technology stocks and the Federal Reserve’s October 28 decision remain potential sources of volatility.

Ethereum (ETH) fell to about $2,285 on October 24 before recovering to around $2,360, still roughly 12% below its early-October level. The ETH price had been near $2,395 a day earlier, as traders weighed weak ETF demand and reported selling by an early investor. The latest move leaves ETH struggling to reclaim $2,400. The Ethereum Foundation postponed the Glamsterdam upgrade’s planned October 26 activation on the Hoodi testnet. Developers are examining potential smart-contract compatibility risks involving EIP-8037 and have not announced a new test date. The delay affects a testnet, not the live Ethereum network; no new mainnet schedule was announced, and users do not need to take action. U.S. spot Ethereum ETFs recorded $110.6 million in net outflows on October 22, followed by a $4.4 million inflow the next day. Net withdrawals across the five sessions ending October 23 totaled about $220.7 million, pointing to uneven institutional demand. Lookonchain also reported that an early Ethereum investor sold 3,000 ETH, worth about $7.2 million, after holding the tokens for nearly nine years. Other large exchange transfers were reported, but deposits alone do not confirm selling. For traders, $2,300 is a key near-term support level and $2,400 is the immediate hurdle. A sustained move above $2,400 could bring the $2,480–$2,500 resistance zone into focus. A fall below the recent $2,285 low could expose $2,200, with $2,000 a possible level in a broader downturn. An earlier technical snapshot put the RSI at 39.83, while ETH was below $2,500 resistance. Bitcoin’s weakness also contributed to broader market pressure. There is no established direct link between the test delay and ETH’s price decline.

Polkadot (DOT) has extended its decline. On October 17, it fell about 5% to $1.16–$1.18 after failing to hold a rally near $1.29, and it struggled to reclaim $1.20. By October 24, DOT had dropped a further 4% to about $1.05 after another brief rise to $1.20 failed. Traders are now watching $1.00–$1.02 as near-term support; a sustained break below could bring $0.95 and $0.90 into focus. A move back above $1.09–$1.11 may improve the short-term outlook, with resistance near $1.15 and $1.20. No single Polkadot-specific event has been identified as the cause. Broader crypto-market uncertainty and persistent selling appear to be weighing on DOT. The 2.1 billion DOT supply cap and declining issuance have not offset weak demand. Institutional access includes the 21Shares Polkadot ETF, while Grayscale withdrew a separate ETF registration. Traders will be watching whether buyers defend support and absorb selling pressure.

FOMO co-founder Se Yong Park said the crypto market already has too many tokens and the team has no plans to launch a new token platform. Park denied speculation that FOMO would build a Solana-based launchpad to compete with Pump.fun. Instead, the team wants to help strong communities grow over time. The comments signal no immediate new FOMO launchpad or token supply, but do not announce a specific product or market change.

Heatbit has introduced Bitwater, a Bitcoin-mining element designed to replace the lower heating element in compatible 30- to 80-gallon electric water heaters in the US and Canada. It uses 20 Bitmain BM1370 chips to deliver up to 34 TH/s at a maximum draw of 600 watts. Water cools the chips, and the company says the device runs without fans or noise. Users can track temperature, hashrate and earnings in an app, and choose solo mining or a pool. The first refundable preorder batch costs $899; later batches could reach $1,299. Shipments are expected in the first quarter of 2027. Heatbit has not issued its own earnings forecast. Estimates cited in the reports suggest full operation could generate about $1.25 in Bitcoin per day, or around $455 a year; at an assumed 80% operating rate, that falls to about $365 annually. Those figures imply roughly a 2.5-year payback on the first batch before electricity, maintenance, changing mining difficulty, Bitcoin prices or the product’s one-year warranty are considered. The next Bitcoin halving, estimated around April 2028, could also reduce mining revenue. Bitwater heats water more slowly than a typical 4,500-watt element, with the tank’s upper element available as backup. Its economics make most sense when the electricity is already needed for household water heating. Used solely for mining, it would consume about 14.4 kWh daily, costing an estimated $2.71 at the cited US average residential rate—more than the estimated Bitcoin income. Heat-pump water heaters may use two to three times less energy than resistance heaters, potentially offering comparable or greater savings. Solo mining offers a chance at a full block reward, but the odds are extremely low. Bitwater combines home heating and Bitcoin mining, but profitability depends on household use, energy costs and volatile mining conditions.

Microsoft has withdrawn as the anchor client for Nscale’s planned AI data center in Loughton, Essex, after the UK grid operator said sufficient power may not be available until the early to mid-2030s. The facility was expected to open in late 2026 or early 2027, initially with 50 MW of capacity and room to expand to 90 MW, and was planned to host 23,040 Nvidia GB300 GPUs for Azure. Microsoft says its other Nscale projects in Norway, Portugal and the US are unaffected. Nscale is exploring on-site power options, including fuel cells, but its Norwegian site is also behind schedule, with 6.4 MW of a planned 30 MW operational. The cancellation highlights electricity-grid constraints as a risk to AI data center growth and could raise questions about Nscale’s delivery capacity ahead of its planned US IPO. For crypto traders, it has no direct impact on token prices; any effect on AI-related crypto sentiment would be indirect and depend on whether infrastructure delays slow broader AI growth.

The article is a Seeking Alpha political discussion page, not a substantive markets report. It contains forum rules and investment disclaimers but provides no specific political developments, market data, company news or cryptocurrency updates. It therefore offers no actionable information for traders.

Ripple is scheduled to release 1 billion XRP from escrow on November 1, when XRP is trading near $1.30. The unlock has a notional value of about $1.3 billion, but it does not mean that Ripple will sell that amount or that all tokens will reach exchanges. In recent monthly releases, Ripple returned about 70% of unlocked XRP to escrow. In October, for example, 700 million of the 1 billion released tokens were re-escrowed, leaving a net escrow reduction of 300 million XRP. XRP’s total supply was created at launch, so the XRP escrow release makes existing tokens available rather than increasing the maximum supply. XRP remains below $1.40; traders are watching $1.25 support and the $1.37–$1.40 resistance area. The scheduled XRP escrow release may add short-term supply concerns, but its price impact will depend on actual distribution and broader market demand.

XRP has fallen nearly 30% in 2026, trading around $1.29 on October 24, despite Ripple expanding its institutional partnerships. Ripple Prime joined a DTCC working group of more than 50 companies, including BlackRock and JPMorgan, exploring tokenized securities. However, DTCC has not committed to using XRP or the XRP Ledger for settlement, and its initial tokenization trades used other blockchain infrastructure. Ripple has also announced partnerships with South Korea’s Meritz Securities and brokerage platform DriveWealth. In Brazil, CSD BR is using the XRP Ledger to mirror investment fund ownership records, though regulated systems remain authoritative. These developments show growing institutional use of Ripple’s services and blockchain infrastructure, but do not confirm significant new demand for XRP. That distinction matters because Ripple can earn revenue from custody, brokerage and payments without customers buying large amounts of XRP. Market headwinds include about 6.05 billion XRP transferred to exchanges over a recent 30-day period—though deposits do not necessarily mean sales—and the end of a 13-week streak of inflows into XRP exchange-traded funds. Traders will be watching for evidence that Ripple’s partnerships translate into measurable XRP usage and buying demand.

Protagonist Therapeutics has shifted toward a royalty-driven business after FDA approval of rusfertide, marketed as MIMRYLO. The approval triggered a $275 million payment, while agreements with Takeda and Johnson & Johnson provide milestone payments and royalties, leaving the partners responsible for development and commercial execution while Protagonist retains potential upside. The investment analysis says the company has two FDA-approved drugs, substantial liquidity and a newly announced $300 million share buyback. It estimates potential annual royalty revenue of $605 million against expenses of about $220 million, and says consensus forward earnings are nearly four times trailing earnings. Near-term catalysts include recognition of royalties from ICOTYDE in the third quarter, execution of the buyback and updates on Protagonist’s wholly owned oral peptide pipeline. These are company and analyst projections, not guaranteed results.

An Argentine federal judge dismissed the criminal case over $LIBRA against President Javier Milei, his sister Karina Milei and nine others, concluding the alleged conduct did not meet the legal definition of fraud. Prosecutors had sought dismissal, and none of the 11 was summoned as a defendant. The ruling closes the criminal case in Argentina, following the dismissal of a separate US class-action lawsuit involving project-related parties. Milei promoted $LIBRA on X on 14 February 2025. The token’s market value briefly topped $4.5 billion before falling about 95% within hours. Investigators found an unsigned draft outlining a proposed $5 million arrangement linked to promotion, but the court found insufficient evidence of deception, misuse of office or payments to Karina Milei. It also said losses and a sharp price decline alone did not prove fraud, citing difficulties verifying key phone records and weaknesses in the evidence chain. Estimates cited across reports differ: one on-chain analysis put withdrawals by wallets linked to the project team at about $107 million and reported more than 40,000 losing buyers; another estimated around 114,000 losing wallets and combined losses of roughly $251 million. The $LIBRA rulings remove major legal avenues for claims but do not restore investor losses or settle the political controversy. For traders, the decision is unlikely to have a material effect on the wider crypto market or reliably reverse the token’s steep decline.

Google’s updated privacy policy, effective 16 October, allows information derived from Gmail, Google Photos, Drive and other connected services to inform personalized ads when users opt in to eligible AI features. This expands on the policy change by clarifying that AI-generated summaries, excerpts and inferences may be used; in some cases, summaries could closely resemble original content. Google says advertisers cannot access users’ underlying emails, files or photos, and sensitive categories are excluded from ad personalization. App connections are off by default, and users can manage them and ad settings through their Google accounts. However, some data processed by AI Mode and Ask Maps may be reviewed by people, and disconnecting an app or deleting its content does not necessarily erase information already retained in Search Services History. Google has also begun testing ads in AI Mode for users connecting services through Personal Intelligence, without specifying markets or formats. The update raises privacy and data-use questions around AI advertising, but has no direct, identified impact on cryptocurrency prices or trading.

US GDP, PCE inflation and major technology earnings are the key market catalysts next week. On Thursday, the US will release its preliminary third-quarter GDP estimate and September PCE inflation data, alongside personal spending and weekly jobless claims. The Federal Reserve is also scheduled to announce its rate decision early Thursday, followed by a news conference with Chair Jerome Powell, according to the article. Microsoft and Alphabet report after Wednesday’s US market close, with Amazon due after Thursday’s close. Chipmakers Intel, SK Hynix and Samsung Electronics are also among the companies reporting. The data and earnings could influence expectations for interest rates, AI investment returns and risk appetite across technology markets. For crypto traders, these events may add volatility to Bitcoin and other digital assets through shifts in macroeconomic expectations and broader market sentiment.

The Saudi-led coalition says it intercepted and destroyed a Houthi ballistic missile aimed at Riyadh. No casualties were reported in the latest incident, although debris from previous interceptions has caused injuries and minor damage. The Saudi coalition’s action comes amid recurring missile and drone attacks linked to the Yemen conflict. No change to Saudi airspace or aviation operations has been confirmed. Prediction-market odds shifted between reports: the chance of a Saudi airspace closure by 1 November 2026 fell from 4.5% to 3.6%, while the probability by 1 January 2027 rose from 16.5% to 19%. These are market estimates, not official plans. Crypto traders may monitor regional risk sentiment, but the incident has no direct, asset-specific cryptocurrency catalyst. Further attacks or official aviation advisories could influence broader risk appetite.

An internal investigation into the theft of two pallets of RTX 5090 graphics cards at Brazil’s Guarulhos International Airport found that the cargo labels were allegedly switched. The relabeled pallets were then released to a truck authorized to collect a different, lower-value shipment, bypassing the airport’s electronic checks. Police records say two contracted forklift operators moved the pallets from the warehouse on 21 September, while another worker cleared them in the computer system. Investigators are examining who changed the labels and planned the shipment; airport officials believe the three workers may have been misled rather than knowingly involved. A card matching the shipment’s serial numbers later appeared for sale on OLX for 32,000 reais (about $6,440). A 26-year-old man suspected of receiving stolen goods was arrested on 22 October and released the same day. He said he had bought the RTX 5090 card through Mercado Livre for resale. Most of the missing shipment remains unaccounted for. The importer provided the stolen cards’ serial numbers to Zotac and Nvidia. The numbers were reportedly removed from their databases, leaving the cards without warranty coverage and Nvidia App software updates. The case highlights security and resale risks in the high-value graphics-card supply chain.