Crypto News

Fiduciary Management’s Q3 2026 outlook says AI spending is driving unusually concentrated gains in US equities, while creating selective opportunities among stocks punished for perceived AI disruption. The Russell 2000 fell 7.23% during the quarter, as higher borrowing costs pressured smaller companies. The S&P 500 gained 2.30%. The article also flags elevated investor optimism and warns that market returns and valuations may be difficult to sustain. AI is central to the earnings outlook: consensus forecasts put S&P 500 operating earnings growth at about 28% in 2026, with AI investment gains potentially lifting it to around 33%. NVIDIA and Micron are projected to contribute more than a third of the index’s growth, while AI-linked companies account for roughly 45% of its market value. The article cites estimates that major cloud companies will spend about $800 billion on capital expenditure in 2026. Fiduciary Management argues that broad selling of companies seen as vulnerable to AI has created potential value opportunities. It highlights Jack Henry, CDW and RELX, saying their established customer relationships, specialized data or services, and adoption of AI may make them more resilient than investors expect. The firm says it has increased positions in these companies during share-price weakness. These are the asset manager’s views, not guaranteed outcomes or investment advice.

The US Commodity Futures Trading Commission (CFTC) will hold a public roundtable in Washington, D.C., on Dec. 15 to examine the operational and risk-management challenges of 24/7 derivatives trading. The session will be livestreamed and follows the agency’s summer request for public comment on extending trading hours for standard futures and introducing perpetual contracts. Topics will include overnight trading, tokenized assets, and the infrastructure, staffing and operational readiness needed to keep markets running continuously. The discussion will focus mainly on traditional derivatives, while tokenization links the debate to digital assets. CFTC Chairman Selig has said the agency will seek industry input rather than take a one-size-fits-all approach. The CFTC 24/7 derivatives trading roundtable is for consultation and will not itself introduce new rules; its findings could inform future policy.

US President Donald Trump has declared imported robotics and industrial machinery a national security risk, but has not imposed tariffs. A Section 232 proclamation signed on October 28 directs the Commerce secretary and US Trade Representative to negotiate with trading partners over import levels for 180 days. The review covers robotics, industrial machinery and parts, including CNC machines and metalworking tools. The Commerce Department found the US relies heavily on foreign supply, including equipment used in defence and infrastructure. US agencies have also raised concerns about cybersecurity risks tied to some advanced robots. After the negotiation period, the administration may consider tariffs, quotas or incentives for domestic investment. Any tighter import controls could raise costs or constrain supply for manufacturers. There is no immediate tariff change, but the robotics import review leaves future trade policy uncertain.

House Democrats are cautiously optimistic about gaining seats in the 2026 midterm elections, despite concerns that polling may be unreliable. National polling averages suggest a Democratic advantage, and some models project the party could win a House majority. However, Democrats are wary of polling errors, Republican campaign spending and tight races that could affect control of the House. A prediction market tracking Republican House prospects showed a 7% YES price at publication, though the article cites no major new development behind the market reading. Traders will be watching changes in polling, campaign news and key races for signs that could shift election-related market prices.

UC Berkeley economist Emmanuel Saez says California’s proposed Proposition 40 billionaire tax could reduce wealth inequality and limit the political influence of the wealthy. The measure would impose a one-time 5% tax on the global assets of California billionaires, with most revenue earmarked for healthcare. Voters are due to decide on 3 November 2026, and the article describes public support as closely divided. A Polymarket contract put the chance of the tax passing at about 23%, reflecting uncertainty despite Saez’s support. Governor Gavin Newsom has raised concerns that the tax could drive wealthy residents and companies out of California. The debate over Proposition 40 may shift with new polls, political endorsements or efforts to block or amend the measure.

Datavault AI shares rose about 31% on Wednesday, despite the company’s disclosure that it cannot withdraw bitcoin held at Biconomy and will restate four sets of financial statements. The company said the bitcoin did not qualify for recognition as its digital assets and plans to record the purchase as a receivable from Scilex instead. The restatement removes all reported bitcoin from Datavault AI’s books, including 837 BTC that Scilex agreed in a June binding term sheet to buy for $50 million. The companies have not disclosed a definitive purchase agreement, and Datavault AI has not set a date for its restated filings. It expects the accounting change to reduce total assets by $92.2 million at the end of 2025 and $49 million at June 30, 2026. Datavault AI is also reassessing its ability to continue as a going concern, citing uncertainty about collecting amounts owed by Scilex. The unresolved access issue and financial restatement raise company-specific risks, even as the stock rebounded.

Datavault AI said it has been unable to withdraw Bitcoin from the Biconomy exchange since requesting a transfer in June, prompting accounting revisions and renewed concern over the company’s liquidity. In an October 26 SEC filing, the Nasdaq-listed firm said four previously filed financial reports should no longer be relied upon because Bitcoin received through a $150 million Scilex equity deal did not qualify as an asset Datavault owned. The company plans to restate the reports, reduce reported assets by $8.1 million to $92.2 million across affected dates, and reverse previously recorded crypto gains and losses. Datavault said it received 1,309.04 BTC after 19.39 BTC was deducted for prior cash advances. It later returned 491.431 BTC to Scilex for about $40.5 million, while the remaining Bitcoin stayed in a Biconomy off-chain account. A proposed $50 million Scilex purchase of the remaining 837 BTC is subject to a definitive agreement. Datavault said collecting outstanding payments from Scilex and accessing the Bitcoin are uncertain, and management is reassessing whether the company can continue as a going concern. It has not provided a timetable for filing the restated statements and warned of possible further reporting delays. Datavault AI shares fell about 50% around the disclosure, closing at $0.067 on October 28 after reaching an intraday low of $0.060. The episode highlights company-specific custody, accounting and liquidity risks for Bitcoin treasury firms; it does not, on its own, signal a broader change in Bitcoin market conditions.

Grass founder Andrej Radonjic says the decentralized data network is saturated and needs 30 to 50 times its current infrastructure to meet demand from AI companies. The Grass network gathers public web data through opt-in residential internet connections, and reportedly has more than 8 million active nodes and has delivered over 1 billion GB of data. Demand comes from AI training datasets and real-time information used by models during inference. Grass reported about $17 million in revenue in 2025 and another $17 million in the first half of 2026. It projects $65 million to $75 million in full-year 2026 revenue from training data alone. The company has added data-center and GPU capacity, while reporting monthly operating expenses of $2 million to $3 million. The compute bottleneck could constrain Grass’s ability to convert rising AI demand into growth. Traders will be watching network expansion, revenue performance and progress in live data retrieval. The figures are company-reported, and the article does not establish a direct effect on the GRASS token price.

Google Cloud revenue more than doubled year over year to $30.71 billion in Alphabet’s third quarter of 2026, beating analyst expectations. Microsoft Azure revenue rose 48% to about $33.17 billion in its fiscal first quarter of 2027. Microsoft also reported $10 billion in quarterly revenue tied to OpenAI. The cloud growth is being driven partly by AI companies that are also competitors. Anthropic has committed about $114.5 billion to Google, $110 billion to Amazon and $44.9 billion to Microsoft through long-term arrangements, while relying on all three providers for a substantial share of its revenue. Google and Microsoft also sell their own AI products, creating potential conflicts as they host or partner with rival AI labs. The spending required to support AI demand is significant. Alphabet reported $51.36 billion in AI-related capital expenditures and negative free cash flow of $9.07 billion for the quarter. Alphabet, Microsoft, Amazon and Meta are projected to spend more than $700 billion combined on AI infrastructure in 2026. For traders, the figures highlight strong cloud demand but also raise questions about capital intensity, cash flow and the durability of AI returns.

Zilliqa CEO Alexander Zahnd has stepped down at his own request while the blockchain project investigates security incidents involving X-Bridge. The bridge remains suspended, and the board is managing the company until a permanent successor is appointed. No replacement has been named. Zilliqa said the incidents affected X-Bridge and some ZRC2 proxy contracts used by liquidity pools. It named zUSDT, SEED, kUSD and Zoge as affected tokens, but said native ZIL and the Zilliqa EVM network were not affected. The company has not disclosed total losses and urged users to avoid the bridge and affected pools while it replaces operational keys and works with exchanges and law enforcement. PlunderSwap separately estimated that about $800,000 was stolen from X-Bridge and said several bridged assets had lost their backing. ZIL traded at about $0.001999 on Oct. 28, roughly unchanged over 24 hours. The suspension follows an earlier X-Bridge exploit in February 2025 and adds to leadership and security concerns at Zilliqa.

Switzerland’s financial regulator FINMA approved the country’s first Swiss-law retail Bitcoin ETF on 20 October 2026. The fund invests directly in BTC and is structured under Swiss collective investment fund rules, rather than as a debt security. FINMA classified it as an alternative investment product with specific risks and allowed an exemption from standard diversification requirements, citing Bitcoin’s trading history and liquidity. The approval extends regulated crypto access beyond Switzerland’s 2021 crypto-basket fund for qualified investors. Supervised institutions must manage custody and operational risks under FINMA guidance issued in January 2026. The Bitcoin ETF could make it easier for retail investors, advisers and wealth managers to add BTC exposure through familiar investment channels, without handling wallets or private keys. However, Bitcoin remains highly volatile, and the approval does not guarantee investor protection, liquidity, fund inflows or a price rise. Launch terms, fees and custody arrangements have not been specified, leaving traders to watch for implementation details and signs of actual demand.

PEPE rallied after reports that TRON founder Justin Sun holds about $51 million worth of the meme coin. It rose as much as 15% during Wednesday’s session, lifting its market value above $2 billion, and was recently trading near $0.0000049. PEPE is above its 50-day and 200-day moving averages, with support near $0.0000046 and resistance around $0.0000054. Its next move may show whether the rally can hold after the headline-driven buying fades. Dogecoin (DOGE) and Shiba Inu (SHIB) have not followed. DOGE is down about 4% over the week and remains below both key moving averages; SHIB has lost roughly 17% over the past month and is also trading below them. The contrast suggests the current meme-coin rally is concentrated in PEPE rather than spreading across the sector. Traders are watching the Federal Reserve’s rate decision and Binance’s planned delisting of 10 margin and 12 spot trading pairs on Oct. 30. Changes in risk appetite and thinner liquidity could amplify short-term volatility. A break above PEPE’s resistance, alongside a DOGE recovery, would indicate broader meme-coin strength; a loss of PEPE’s support or a SHIB breakdown would point to a fading, narrow rally.

Solana has unveiled the BP Badge, a programmable hardware development kit for attendees at Breakpoint 2026 in London, running November 15–17. Built on an ESP32-C5 chip with Wi-Fi 6, Bluetooth, a color display and a rechargeable battery, the badge lets users install apps, complete quests, trade digital cards nearby and earn in-game !LAMPs. Developers can also create and flash their own apps onto the device. Solana says no crypto tokens are currently directly tied to the badge’s game mechanics, so the launch has no clear direct impact on SOL trading. The conference will be held in Europe for the first time.

BitGo has added Jupiter as a Solana validator option for eligible institutional custody clients, allowing them to stake SOL directly from their BitGo accounts without transferring assets to an external provider. Jupiter is the fourth named validator partner, joining SOL Strategies, Helius and HashKey Cloud. Fees for the BitGo option have not been disclosed, and unstaking follows Solana’s standard deactivation period. Jupiter’s main validator held about 9.72 million SOL, worth roughly $993 million, and ranked fifth among approximately 660 active Solana validators. Jupiter charges a 5% commission on inflation rewards and takes no share of MEV tips. StakeWiz estimated its yield at 4.72%, compared with a 3.62% stake-weighted network average. BitGo said Jupiter operates the validator independently and that BitGo does not control its performance.

Aptos has issued two node hotfix releases in succession, moving from v1.49.7 to v1.49.8. The latest Aptos Node release includes prebuilt binaries, but its source code is not published in the repository and the announcement does not explain what issue it addresses. Node operators can access the binaries, while the technical and APT price impact remains unclear; traders have no disclosed evidence of a change to network performance.

SKHYNIX rose 10.4% over 24 hours and was trading at 1,138.55 USDT, according to Gate data cited by Odaily. The report was published at 06:00 UTC+8 on 29 October 2026. The brief update provides no explanation for the move. SKHYNIX is the main asset reported, but the article does not establish whether its price action reflects broader crypto-market momentum.

FoundationHQ said attackers used a leaked API key to access customer data, including addresses and phone numbers, and sent more than 23,000 phishing emails. Bitcoin News reported the statement on X. The FoundationHQ phishing attack highlights how exposed credentials can enable both data access and targeted scams. The report does not specify when the breach occurred, how many customers were affected, or whether funds were stolen.

The Federal Reserve held its benchmark interest rate at 3.75% to 4% in a 10-2 vote, citing elevated inflation and the need for more economic data. The two dissenting officials, Lisa D. Cook and Beth M. Hammack, backed a 25-basis-point rate increase, adding a hawkish note to the decision. Chair Kevin Warsh said the Fed would continue to monitor inflation and economic data. US stocks made modest gains, led by the Nasdaq, as investors shifted attention to tech earnings and renewed demand for AI-related stocks. Catalysts included Anthropic’s IPO filing and financing deals involving chip suppliers. Analysts forecast third-quarter S&P 500 earnings growth of about 25% to 27%, supported in part by AI infrastructure spending. The Fed’s decision leaves borrowing costs elevated, making corporate profit growth important to equity valuations. Traders will watch major technology companies’ capital-spending guidance, chip demand and upcoming inflation data for clues about whether the Fed could turn more hawkish.

Microsoft CFO Amy Hood expects the company’s 2026 capital expenditures to reach about $170 billion. The lower figure, compared with an earlier estimate of nearly $190 billion, reflects a lease-accounting change rather than a reduction in Microsoft’s AI investment plans. Microsoft reported $41 billion in capex in fiscal Q4 2026, up more than 70% year over year, and expects spending to exceed $50 billion in the following quarter. The company also said commercial remaining performance obligations rose to $678 billion from $627 billion, while it added data centers and one gigawatt of capacity during the fiscal year. The accounting change shifts some leases from finance leases, which count as capex, to operating leases. The costs remain, but are recorded differently. Traders will watch whether Microsoft’s quarterly spending reaches its guidance and whether customer demand and backlog growth support continued AI and cloud infrastructure investment.

German asset manager DekaBank has disclosed its first stake in Strategy, buying 104,921 shares valued at about $15.2 million, or roughly $145 per share. Strategy, listed on Nasdaq as MSTR, is the largest publicly traded corporate holder of Bitcoin, with 848,517 BTC reported in October 2026. The investment comes shortly after DekaBank launched its “Krypto – powered by Deka” retail service, which lets customers trade Bitcoin, Ether, Solana, XRP and Polygon’s POL through banking apps. The move gives DekaBank indirect Bitcoin exposure through Strategy shares while offering customers direct access to selected cryptocurrencies. Strategy shares are not equivalent to holding Bitcoin: their value can also be affected by the company’s financing decisions and by changes in the stock’s premium or discount to its Bitcoin holdings. DekaBank joins other European financial institutions, including Deutsche Bank and Belgium’s KBC Group, in holding Strategy shares.

Bitcoin showed little reaction after the Federal Reserve held its benchmark rate at 3.75% to 4% in a 10-2 vote on October 28. Two policymakers backed a 25-basis-point hike, and market-implied odds of a December increase rose to 82.6% from 78.3% a day earlier. Bitcoin traded at $81,027 at 4:45 p.m. ET, up 0.33% from just before the Fed statement. Ether gained 0.35% to $2,351. Deribit’s 30-day bitcoin implied volatility index, DVOL, ended near its pre-announcement level at 37.58, after trading in a narrow range. Perpetual futures funding also eased. The data suggest traders saw limited immediate demand for protection against a sharp move, despite the Fed’s hawkish signals and elevated inflation. Bitcoin’s price and implied volatility remained broadly stable, while the higher December hike odds leave interest-rate policy a potential source of near-term market volatility.

Ethereum Foundation researchers are exploring **Ethereum transaction assertions** to reduce risks from blind signing and unexpected smart-contract outcomes. The checks would assess changes to balances, storage, code or events after a transaction executes, and could revert it if a specified rule is not met. One possible approach, EIP-7906, uses a read-only post-transaction frame to inspect those changes. The proposal is still under consideration, is not confirmed for a future Ethereum upgrade, and would require wallets or protocols to enforce the rules. The research does not provide a safety feature users can rely on today. Key questions include who sets the assertions, their gas costs and whether implementations work across clients. For traders, **Ethereum transaction assertions** are a potential wallet-security development, not an immediate catalyst for ETH prices or network activity.

Aiden Pleterski’s crypto fraud trial in Canada is moving to jury deliberations, with jurors expected to begin considering a verdict after receiving instructions from Justice Shaun Nakatsuru. Pleterski, who represented himself, told the court he was innocent and had pleaded not guilty. Prosecutors allege that Pleterski defrauded social media followers of about $30 million through a digital-asset Ponzi scheme between 2021 and 2022. Charged with fraud in 2024, he faces a possible prison sentence of up to 14 years if convicted. The Aiden Pleterski crypto fraud trial is part of wider scrutiny of alleged misconduct in the digital-asset industry. The article compares the case with former FTX chief executive Sam Bankman-Fried, who is serving a 25-year sentence after his 2023 fraud conviction. The case’s outcome is pending and does not itself indicate a change in crypto market fundamentals.

The Federal Reserve kept its benchmark interest rate at 3.75%-4%, as markets expected, after a 25-basis-point increase in September. Persistent inflation, including fuel-related price pressure and sticky services inflation, is keeping the outlook uncertain. The Fed’s language has shifted towards holding rates steady while officials assess incoming data, but both articles point to the possibility of one more 25-basis-point hike in December. One article also cites futures pricing for as many as three further increases by the end of 2027, while the later article’s author expects rates could settle near 4% and remain there for years. For crypto traders, the Fed’s rate path remains important: higher rates can constrain liquidity and risk appetite, while the US dollar and inflation data may shape market direction. Since the hold was widely anticipated, upcoming CPI, PPI and PCE reports and signals on future policy are likely to matter more than the decision itself.

USD/CNH fell 0.1% over 24 hours to 6.65963, according to Gate data cited by Odaily. The move indicates a modest gain for the offshore yuan against the US dollar. The report did not identify a specific catalyst. USD/CNH is a foreign-exchange indicator rather than a direct cryptocurrency market signal.

Bitcoin Core disclosed three vulnerabilities on October 28, 2026. The most notable is a medium-severity bug that could let a malicious peer crash Bitcoin Core nodes on Windows and macOS by sending TCP urgent data, triggering unbounded memory growth. It does not directly put users’ funds at risk, but a crashed node can stop validating and relaying transactions until it is restarted. Patched releases are available in Bitcoin Core versions 29.5, 30.4, 31.2 and 32.1. The disclosure also covered a separate medium-severity memory-growth issue and a low-severity undo-file overflow. No CVEs were assigned. Project Loupe, a code-scanning tool built by Elias Rohrer at Spiral, identified the issues; Gregory Sanders validated them. Node operators, including exchanges and miners, should update to a patched version.

Fed Chair Kevin Warsh views AI-driven growth as a demand shock that may arrive before productivity gains, but does not necessarily lead to lasting inflation, according to Tom Lee. Warsh has argued that rising prices from investment can be temporary if a supply-side response follows. The view comes as US CPI inflation was 3.7% year over year in September 2026, well above the Federal Reserve’s 2% target. The Fed kept interest rates steady in late October. Warsh’s approach suggests the central bank may be reluctant to raise rates solely because of AI spending, provided it expects productivity to improve. For markets, the key uncertainty is whether AI-related productivity gains arrive quickly and at sufficient scale. If they do not, persistent inflation could challenge the case for steady rates.

Republican redistricting may fail to deliver the expected gains in the US House ahead of the 2026 midterm elections. More than a dozen districts were redrawn to improve Republican prospects, but some now lean Democratic or remain too close to call, potentially complicating the party’s bid to retain control of the House. Prediction markets reflect the uncertainty. The probability of Republican House odds reaching 12% by October 31 was reported at 7%, down from 8% a day earlier. Traders will watch district ratings, court rulings on maps, special elections and national political developments for signs that redistricting is—or is not—shifting the race.

Itaú Unibanco, Brazil’s largest private bank, filed a crypto notice with the central bank on 27 October, ahead of the 30 October deadline for regulated firms already offering digital-asset services. The Itaú crypto filing covers client crypto trading and custody, which Brazil classifies as brokerage services. It is a formal notification, not a licence application, and requires independent technical certification. The central bank can request more information or order the bank to wind down its operations. Itaú has offered crypto trading since December 2023 and supports more than 14 assets, including Bitcoin, Ether and USDC. Brazil’s licensing framework also sets requirements for asset segregation, capital, governance and anti-money-laundering controls, with further security requirements due from 2027. From 6 November, regulated firms will also be barred from facilitating certain transactions involving unauthorised providers. The filing reflects tighter oversight and growing bank involvement, but does not itself signal a change in Itaú’s services or a direct shift in crypto demand.