Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Credit Acceptance (CACC), a US subprime auto lender, is rated Hold in an analysis arguing that its shares are fairly valued. The company reports an adjusted return of 9.8%, against an estimated 7.4% cost of capital, while trading at 11.4 times forward earnings and 2.5 times adjusted tangible book value. The valuation is described as broadly in line with comparable companies. A $700 million settlement with 41 state attorneys general, consisting mostly of debt relief, has reduced some legal uncertainty. However, the analysis warns that share buybacks have driven a significant portion of earnings-per-share growth and that leverage amplifies the company’s 2.4-percentage-point return spread over its cost of capital. That leaves limited room for weaker credit performance. The assessment sees CACC as fairly priced and suggests a pullback or evidence that actual credit results match forecasts could improve the investment case.

Celsius reported 10.6% revenue growth in the second quarter of 2026, but sharply lower net income and margins unsettled investors and contributed to weakness in its shares. The company is now a multi-brand business, with Alani Nu part of its portfolio. Management said it believes the company simplified its portfolio too much and plans to address that issue as it seeks to reignite growth in 2027. Recent share-price declines have made Celsius look more attractive on a valuation basis, though the provided article text does not detail specific steps for Alani Nu or quantify the earnings decline.

Brookfield Asset Management CEO Connor Teskey expects AI infrastructure demand for computing capacity and electricity to exceed supply by as much as 3–10 times through the end of the decade and beyond. The firm estimates the global AI buildout could require $7 trillion over the next 10 years. In the US, AI-related demand could require about 100 GW of additional power, while the grid can currently provide around 30 GW. Brookfield launched a $100 billion global AI infrastructure program in November 2025. Its flagship fund targets $10 billion in equity and has Nvidia and the Kuwait Investment Authority among its backers. The firm is also expanding a partnership with Bloom Energy, with a revised $25 billion target for rapid-deployment power solutions, including fuel cells. Teskey says AI and digital infrastructure now represent 25–40% of Brookfield’s activities. Investors will be watching fund-raising, new power partnerships, permitting and grid connections, and whether hyperscaler spending supports the AI infrastructure investment outlook.

Anthropic and OpenAI are reportedly seeking greater control over what external evaluators publish about their AI model-safety reviews, citing concerns that findings could reveal trade secrets. The negotiations highlight a tension between independent safety oversight and protecting proprietary technology. The article does not cite official statements from either company. It also lists Polymarket odds for an OpenAI bankruptcy announcement: 7.5% by January 1, 2028, 15.5% by January 1, 2029, and 18.5% by January 1, 2030. The figures reflect prediction-market pricing, not evidence that bankruptcy is imminent. The report offers no direct news about cryptocurrency markets; traders may instead watch for regulatory or competitive developments in the AI sector.

Citi raised its 12-month Bitcoin price target to $113,000 from $82,000 and its Ether target to $3,028 from $2,240. The bank cited recent price gains and about $800 million in net inflows to US spot crypto ETFs by late September, after earlier outflows. It also forecasts roughly $5 billion in adviser and brokerage inflows over the next year. Citi expects those flows and a crypto-market recovery to support Galaxy Digital’s trading, asset-management and infrastructure businesses. However, it maintains a Neutral rating on Galaxy Digital and previously cut its GLXY price target to $26 from $28. Regulatory sentiment has improved slightly, Citi said, despite the Senate’s failure to advance the Clarity Act. The higher Bitcoin and Ether targets offer a constructive market signal, but Citi’s unchanged stock rating underscores uncertainty around Galaxy Digital’s potential gains.

KuCoin Nigeria has received conditional Approval-in-Principle from Nigeria’s Securities and Exchange Commission (SEC) to join the Accelerated Regulatory Incubation Programme (ARIP). The approval is an initial regulatory milestone, not a licence. KuCoin Nigeria is not yet authorised to launch services, onboard customers, offer trading or peer-to-peer services, handle fiat deposits or withdrawals, or custody customer assets. It says it will wait until it meets the SEC’s conditions and receives further written authorisation. During the review, KuCoin presented plans for trading, fiat payment channels, customer onboarding, technology, governance and risk management. The development comes as Nigeria ranks third in Chainalysis’ 2026 Global Crypto Adoption Index and leads in domestic peer-to-peer activity and cross-border crypto flows. KuCoin is also pursuing compliance in other markets, including MiCAR authorisation for its European entity and AUSTRAC registration for its Australian operator; those approvals do not apply in Nigeria. For traders, the conditional SEC approval signals progress toward possible regulated access in a major crypto market, but KuCoin Nigeria is not currently available. Any launch depends on further regulatory clearance.

Binance will raise the collateral ratios for ASTER and ETC from 50% to 60% on 16 October 2026 at 06:00 UTC. The change applies to cross-margin borrowing and transfers, Unified Account collateral ratios, and tiered collateral ratios for Unified Account Pro. The adjustment may affect borrowing capacity and collateral use for traders holding ASTER or ETC in these Binance accounts.

MediaMarktSaturn has removed Ledger hardware wallets from its stores and online platform while it contacts Ledger over reports of device tampering. The retailer says it is taking the matter seriously. The move follows reports from X user Johannes, who said two Ledger wallets bought at separate MediaMarkt stores contained unauthorized cables and cellular modules. Ledger is investigating claims that such implants could transmit users’ recovery phrases over cellular networks, including reports beyond the CryptoBilis reseller case. Former Mt. Gox CEO Mark Karpelès also reported finding a suspected implant in a Ledger Flex bought at Singapore airport. Ledger referred users to its CryptoBilis investigation update but did not directly address that report or confirm tampering in Europe. The allegations remain unverified and under investigation. For crypto traders, the reports highlight hardware-wallet security and self-custody risks, but no direct impact on a specific cryptocurrency has been established.

JPMorgan shares fell 3.5% in premarket trading on 13 October after the bank reported third-quarter adjusted revenue of $50.91 billion, below market expectations. The revenue shortfall weighed on JPMorgan shares, though the report provided no further detail on the size of the forecast miss or its causes.

Metaplanet plans to raise ¥52 billion (about $329 million) through zero-coupon convertible bonds due in 2031, priced at 102.5% of face value. The deal is scheduled to close and list on the Singapore Exchange on October 29, 2026. Metaplanet expects net proceeds of about ¥51.9 billion, using roughly ¥23.6 billion to repay Bitcoin-backed loans and up to ¥28.3 billion for share buybacks. The buybacks are part of a ¥60 billion programme running through October 2027 and could cover about 7.1% of outstanding shares. The financing is intended to reduce Metaplanet’s reliance on Bitcoin-collateralized borrowing without selling its BTC holdings. As of September 30, 2026, Metaplanet held 44,000 BTC, valued at about $3.6 billion, and was described as the second-largest publicly listed corporate Bitcoin holder. Its Bitcoin-backed debt stood at about $650 million, or 17.7% of Bitcoin net asset value—above its 10% leverage target. Repayment would reduce, but not eliminate, that debt. The convertible bonds may dilute shareholders if converted, while the buybacks would reduce the share count. In the latest update, Metaplanet shares were down 1.5% in Tokyo on Tuesday and 52.6% over 12 months. The financing does not involve a planned BTC purchase or sale, so its direct effect on Bitcoin trading is limited.

France’s crypto reporting proposal would require residents to declare self-custodied crypto assets worth at least €100,000 at year-end, with fines of up to €10,000 for failing to report. The proposal is not law, and its future remains uncertain after lawmakers rejected the budget’s revenue section; the amendments would need to be proposed again. The Finance Committee also backed taxing crypto-to-stablecoin swaps from January 2027 and extending the exit tax to households with more than €800,000 in crypto holdings. Crypto industry figures warn that a registry could expose holders to theft or physical attacks, amid kidnappings and robberies targeting crypto owners in France. The France crypto reporting proposal may increase privacy concerns and influence decisions by French residents, but it does not directly change global crypto rules or market fundamentals.

Bitcoin has diverged from South Korean stocks as concerns about AI spending and chip competition deepen the Kospi selloff. The index fell 5.5% on Tuesday and is about 38% below its June peak. Bitcoin, by contrast, has rebounded from roughly $58,000 to as high as $87,000. Their 20-week rolling correlation is -0.41, indicating a moderately negative relationship, though it does not prove investors are shifting money from stocks into crypto. Broadcom CEO Hock Tan’s warning about speculative AI investment and competition from Chinese chipmaker CXMT added pressure on technology shares. SK Hynix fell around 10% and Samsung Electronics about 7%. Bitcoin’s relative resilience may attract attention from traders looking for alternatives to AI-exposed stocks, but the divergence alone is not evidence of sustained crypto inflows.

Bitcoin swung between about $81,000 and $84,000 in 24 hours, recovering from an early dip to trade near $83,500 on Tuesday. The rebound was not shared by most altcoins: ZEC fell nearly 8% to about $1,210, HYPE lost nearly 6%, SOL and DOGE dropped 4% each, and XRP declined about 3% to $1.36. ETH and BNB slipped 1% to 2%. The Crypto Fear & Greed Index fell to 57, its lowest reading since Sept. 18, though it remained in “greed” territory. Weakness in chipmakers and falling Nasdaq 100 futures added to broader risk-market concerns. U.S. inflation data due Thursday is the next major test for financial markets. Bitcoin’s sharp intraday reversal signals volatility, while continued altcoin losses point to weaker appetite for risk across crypto.

The Alpha Analyst downgraded the iShares Core Dividend Growth ETF (DGRO) from Strong Buy to Buy, citing a changed macroeconomic and sector outlook. The earlier investment thesis expected technology stocks to cool and interest-rate cuts to improve the appeal of dividend-paying shares; those assumptions have weakened as rates are expected to remain higher for longer. DGRO still offers a balanced dividend-growth profile, with about 7.4% five-year dividend growth and a roughly 2% yield. The analyst sees it as competitively positioned against SCHD and VIG, partly due to its mix of technology exposure and dividend growth. However, the fund’s expected absolute returns have moderated, and its role is now framed more around total return and defensive portfolio allocation than a stronger yield advantage.

Southern Cross Gold is advancing its Sunday Creek gold-antimony project in Victoria, Australia. The project has an estimated 3.0–4.6 million ounces of gold equivalent, supported by more than 130,000 metres of drilling. The company is targeting a maiden mineral resource estimate (MRE) in the first quarter of 2027 and plans to expand its drilling programme. Southern Cross Gold has no debt and reported A$86.4 million in cash, but continued development may eventually require additional funding. The analysis considers the company fairly valued to slightly overvalued at a market capitalisation of about A$2.1 billion, and assigns a Hold rating until the MRE and technical studies provide greater clarity. For traders, upcoming resource updates could act as catalysts, while project-development costs and possible future capital raises remain risks.

Grupo Financiero Galicia (GGAL), Argentina’s largest private bank, is rated Hold as country risk and credit deterioration outweigh improving operations. The stock has fallen 31% year to date, with the decline attributed mainly to rising Argentine risk rather than company fundamentals. The bank reported an 11.3% return on equity in Q2 2026 and improved efficiency. But non-performing loans tripled to 10.6%, while loan-loss coverage fell below 100%. Although GGAL trades at about 0.95 times book value and 8.6 times annualized earnings, the analysis says those valuations do not adequately compensate investors for the risks. Argentina’s 2027 elections and the prospect of further peso depreciation create major uncertainties for the bank’s outlook. The article therefore sees limited appeal in the apparent valuation discount until country and credit risks become clearer.

The Ledger hack has renewed debate over how crypto users should secure their assets. Austin Campbell, founder of Zero Knowledge Group and host of Bits + Bips, said individuals holding their own crypto should favor simple setups they can understand and verify, rather than relying on vendors or devices they cannot vet. He said a wallet does not automatically need to be in cold storage to be safe. Co-host Chris Perkins offered a different view, saying intermediaries are not essential but may be wanted by people who need help managing security risks. Ledger said confirmed affected devices were sold through Southeast Asian reseller CryptoBilis and that the number of impacted devices was limited. Bitquery estimated that about $102 million had been taken from 324 wallets across six chains as of Oct. 12. Tether had frozen $10 million linked to the theft. Ledger had not disclosed a total loss figure.

Solana accounted for $512.2 million, or 61.5%, of the $833.4 million spent on onchain trading card game (TCG) gacha packs in Q3 2026. The figures show Solana’s continued lead in this niche crypto gaming market. Collector Crypt drove most of the activity, generating $433.1 million in pack sales. Its quarterly revenue rose 8% from Q2 to about $433.5 million, while gross profit increased 12% to $25.4 million. The platform also represented 45.7% of the top 50 secondary-market sales by value. Packs priced at $2,500 or more made up 39% of its pack revenue. USDC was the dominant payment method, accounting for 87.4% of sector spending. Monthly pack sales peaked at $212.2 million in June, then fell to $134.5 million in September. Meanwhile, 30-day active wallets increased after Jupiter integrated Collector Crypt pack sales in July, despite the decline in monthly spending. Solana’s Q3 share was close to its reported 63–64% range for the year. Low transaction costs and integrations with other apps have supported its position. The data points to substantial activity in Solana-based crypto gaming, but the drop in monthly sales is a sign traders should monitor demand as well as wallet growth.

Bloomberg Markets reports that major technology companies, including cloud-computing giants and chipmakers, are expected to invest more than $750 billion in AI infrastructure in 2026. The increase reflects strong investor optimism, although expectations for AI’s near-term economic impact may be too high. AI investment is unfolding alongside gains in technology stocks such as Microsoft, Nvidia and Apple. For traders, the key issue is whether spending on data centres, chips and other infrastructure will translate into revenue and profits. Any gap between investment and monetisation could affect tech valuations and broader risk sentiment.

Anthropic’s Frontier Red Team says Z.ai’s open-weight GLM-5.3 model can generate working software exploits and poses cybersecurity risks. In tests, GLM-5.3 produced 50 exploits in 410 attempts, close to Claude Mythos Preview’s 56. Anthropic also reported that safeguard-bypass methods achieved engagement rates of 64% with deceptive prompts, 92% with prefilling reasoning tokens, and 100% after a technique called abliteration. The report says abliteration required about 2,200 GPU hours and $4,400, while preserving most of the model’s capabilities. NIST’s AI standards centre had rated GLM-5.3 the most capable open-weight model at the time, though about four months behind US frontier models on cyber benchmarks. The findings add to debate over open-source AI, model safety and cyberattack risks, but the report identifies no direct cryptocurrency-market impact.

Gate founder and CEO Dr. Han is scheduled to speak at the Oxford Union on 12 November, from 15:30 to 16:30 UTC. The event will take place at the debating society in Oxford, UK. Founded in 1823, the Oxford Union has hosted public figures from politics, business and academia. Gate says it serves more than 61 million users worldwide and offers services across asset management, trading and payments. Dr. Han’s appearance will provide a platform to discuss digital assets and their connections with traditional finance. The event is a company-profile and outreach development, not a change to Gate’s products or operations.

BitMine’s Tom Lee warned that South Korea’s sharp KOSPI sell-off could add short-term pressure to crypto markets. The index fell more than 5% and dropped over 7% intraday, briefly slipping below 6,000 points; the Korea Exchange activated its five-minute sidecar mechanism. Samsung Electronics and SK Hynix also fell sharply. Lee said margin calls could force Korean investors to sell other assets, including crypto. The risk is notable because South Korean retail traders are influential in digital-asset markets. Crypto was already volatile: Bitcoin briefly fell to about $81,000 before rebounding towards $84,000, Ether moved back above $2,500, and XRP traded near $1.37. Around $810 million in crypto positions were liquidated in 24 hours, roughly 85% of them longs, although the reports do not confirm that the stock sell-off caused these liquidations. Traders will be watching for further equity-market liquidations, changes in crypto liquidity and funding rates, and whether the KOSPI stabilises. The episode points to near-term downside and volatility risks for crypto, including ETH, but does not establish a lasting trend. Separately, BitMine reportedly holds about 6.03 million ETH, or 4.9% of its supply, following a recent purchase.

Blur will close its NFT marketplace website on November 12, 2026, while its Ethereum marketplace contracts are expected to remain operational. The platform has not confirmed a replacement interface, so traders may need third-party tools to manage listings and orders. The closure does not itself remove NFTs from self-custody wallets, but users should review listings, contract approvals and access to NFT media separately. Blur’s Blend service will stop matching new loans on the same date. Borrowers must repay outstanding loans by the deadline or face the protocol’s default process. Blur says it will provide a tool for withdrawing remaining assets, but has not specified when it will be available or exactly what it will cover. The shutdown follows a steep decline in Blur’s activity: monthly trading volume fell from about $1.43 billion in March 2023 to less than $7 million in March 2026. Launched in 2022 to compete with OpenSea, Blur once accounted for more than 70% of Ethereum NFT trading volume. Following the announcement, BLUR fell more than 30% and traded near $0.012, according to CoinGecko. The retreat adds pressure to Blur and the NFT sector, which has also seen services scaled back by X2Y2, Binance NFT and Magic Eden’s Bitcoin and EVM offerings; Magic Eden’s Solana marketplace remains active. For BLUR traders, the contract’s continued operation may allow third-party access, but the website closure and sharp activity decline are significant risks.

AI could eventually challenge the mathematical assumptions behind encryption used by crypto wallets, banking and private messaging, but experts say current evidence does not show that today’s cryptography has been broken. In an a16z crypto discussion, Stanford cryptographer Dan Boneh, a16z crypto General Partner Eddy Lazzarin and Research Partner Justin Thaler examined what OpenAI’s recent mathematical research results do—and do not—demonstrate. The panel said the potential risk from AI differs from the threat posed by quantum computing. Existing security practices and alternative cryptographic approaches offer reasons for confidence, they said, while systems should be designed to adapt if an underlying assumption fails. AI may also help researchers find flaws and developers build more secure software. For crypto markets, the discussion raises a long-term cybersecurity issue, not evidence of an immediate breach or a near-term threat to digital assets.

Technology has grown sharply in the FTSE China A50, reaching a 17.2% weight after the September 2026 review, compared with 1.3% in 2016. Financials remain the index’s largest industry, but their share has fallen to 27.6% from more than 66% a decade ago. The shift reflects the rising scale of Chinese technology companies, supported by growth in AI infrastructure, semiconductors and electronic materials. The changing FTSE China A50 composition signals a broader evolution in China’s large-cap market leadership.

Middle Coast Investing’s Q1 2026 letter describes a market that was not disastrous for the firm’s portfolios but moved in an unsettling way. Progressive stock is down 32% from its all-time high in June, with slower customer and policy growth cited as a legitimate concern. The portfolio’s trailing-12-month price-to-earnings ratio fell to 18.3 at quarter-end, from 20.05 at the end of Q4. The letter frames the period as one of uncertainty and argues that the pace of market change has made the present feel unstable. It provides no direct analysis of cryptocurrencies.

Michael Page reported third-quarter 2026 gross profit of £190.5 million, up 1.5% in constant currencies and 1.4% at reported rates year on year. It was the recruitment group’s first quarterly growth since Q4 2022. Michael Page also recorded a 6% rise in gross profit per fee earner compared with Q3 2025, reaching a higher Q3 productivity level than in its record year of 2022. About half of the group’s business was in growth. Fee-earner headcount fell by 63, or 1.3%, during the quarter, partly reflecting fewer new starters over the summer. The group ended the quarter with 4,851 fee earners and total headcount of 6,604. The update was presented by CFO Kelvin Stagg and CEO Nicholas Kirk.

Hyperliquid HIP-4, the exchange’s event-prediction market, recorded $317 million in cumulative trading volume during its first five months—an amount Kalshi can process in less than four hours. In September, HIP-4 generated about 70 cents for every $1,000 traded on Kalshi and Polymarket combined, or roughly 0.07% of their volume, according to the article. The platform’s design lets traders use prediction-market positions alongside perpetuals in one account and with shared margin. However, trading has been concentrated in a small number of markets and venues. World Cup football markets contributed $89.5 million, or 28% of HIP-4’s total volume. After the tournament ended, volume fell sharply, while activity in its recurring Bitcoin price markets dropped 93% from the May peak. External venues helped lift September volume to $51 million, but activity remained modest. The article also highlights HIP-4’s settlement structure: crypto-price markets settle automatically against a specified exchange price, while most other outcomes are decided by the venue that listed the market. Overall, the figures point to challenges in liquidity, user reach and market diversity, rather than a lack of product features.

A UK High Court ruling has strengthened the government’s position over about 61,000 Bitcoin seized in the Zhimin Qian fraud case, valued at roughly £3.8 billion to £5 billion. The court ruled that Chinese law will govern victims’ property claims because the fraud, payments and losses occurred in China. This preliminary decision does not determine who ultimately owns the Bitcoin, but it narrows victims’ route to recovery and may limit claims to the coins’ gains in value. Victims’ representatives plan to appeal, with a further hearing expected in 2027. The fraud affected more than 128,000 people in China between 2014 and 2017, causing losses of about £600 million. Qian was sentenced to 11 years and eight months in 2025. The seized Bitcoin remains under UK government control as civil recovery proceedings continue. For Bitcoin traders, the case is a legal uncertainty and potential supply-overhang issue. A future ruling could determine whether the state retains the Bitcoin or victims receive a share. No sale has been announced, so the ruling does not establish immediate selling pressure on Bitcoin.