Crypto News

Fed Chair Kevin Warsh said inflation remains too high and reaffirmed the Fed’s 2% target after the Federal Open Market Committee held its benchmark rate at 3.75%–4.00%. The decision passed 10–2, with Lisa Cook and Beth Hammack dissenting in favor of a quarter-point hike. Warsh described employment and growth as strong but offered no clear rate guidance, leaving markets to watch incoming data and the December meeting for clues. The Fed also plans to reduce the number of rate votes: in 2027, one of eight meetings will focus on monetary-policy strategy without a rate vote; from 2028, it expects two strategy meetings and six rate-setting meetings. For traders, persistent inflation and the hawkish dissents keep the risk of further tightening in play, while the Fed’s data-dependent stance may increase rate and risk-asset volatility.

Solana has added Revolut Chair Martin Gilbert, former UK Prime Minister Boris Johnson and former Chancellor Sajid Javid to the speaker lineup for Breakpoint London, scheduled for November 15–17 at Olympia London. The programme is expected to cover stablecoins, tokenized assets, payment infrastructure and AI applications. Speakers also represent organisations including Zelle, DTCC, Mastercard, Barclays, BNY and Bitwise. The Solana Breakpoint lineup signals efforts to engage policymakers and financial institutions, but a conference appearance does not confirm a partnership, product launch or token listing. The full agenda has not been published. Traders should look for official announcements of integrations, launches and measurable transaction activity before treating the event as evidence of adoption or a likely price catalyst.

OpenAI is reportedly considering buying Google TPU chips, according to a person familiar with the matter. Neither company has confirmed a purchase, and the price, volume and delivery schedule are unknown. OpenAI began renting Google TPUs in June 2025 for early testing, and a job listing seeking an engineer to optimise models for TPUs suggests it may expand their use. Buying Google TPU hardware would give OpenAI a different route to computing capacity beyond cloud rentals. The possibility adds to OpenAI’s efforts to diversify its AI infrastructure. Nvidia has invested $30 billion in OpenAI after an earlier proposal of up to $100 billion, while AMD has granted OpenAI the right to buy up to 160 million shares in connection with a planned 6 gigawatts of chip deployment. OpenAI is also developing the Jalapeño inference chip with Broadcom, with deployment planned by the end of 2026. Google TPUs are also being offered through cloud providers, including Oracle, as major technology firms prepare for substantial data-centre spending. For traders, the report underscores competition among AI chip suppliers and rising demand for computing capacity, but the deal remains unconfirmed. It has no clear direct impact on cryptocurrency prices or trading activity; any broader effects would depend on how AI infrastructure spending influences technology-sector sentiment and costs over time.

An investor commentary argues that strong results at the top of a cyclical boom can lead markets to overestimate how long growth will last. The author says investors may be making that mistake with SK hynix, the South Korean memory-chip maker and a popular way to gain exposure to the AI trade. The article cautions that current demand and performance should not automatically be projected far into the future. It offers no new company results or market data, but highlights the risk that enthusiasm for SK hynix and AI-related memory stocks could fade if the cycle weakens.

Federal Reserve Chair Kevin Warsh said he expects two Federal Reserve meetings in 2028 to take place without a vote on interest rates. The report provides no further details on which meetings he means or why no rate vote would be held. The comment does not signal a specific rate decision or policy direction, but traders may watch for clarification about the Fed’s 2028 meeting schedule and decision-making process.

Federal Reserve Chair Warsh said credit conditions have tightened since the Fed’s last rate increase, but he would not describe them as “tight.” He also said inflation remains too high and that the Fed is not satisfied with its progress in bringing it down. Warsh described US economic growth in the third quarter as seemingly faster, supported by strong consumer spending and business investment, with high-tech investment leading the acceleration. He said unemployment remains low and job growth is healthy. For crypto traders, the comments offer mixed signals: resilient growth and employment may support risk appetite, while persistent inflation and the absence of clearly restrictive credit conditions could keep monetary policy tight for longer. Markets may focus on subsequent inflation data and Fed rate guidance.

Evernorth’s 2026 Tokenization Report estimates that tokenized real-world assets have reached about $400 billion across blockchain networks in roughly 18 months. However, only around $39 billion is used for on-chain trading, settlement or collateral; most tokenized assets function mainly as ownership records. The report says tokenized value on the XRP Ledger (XRPL) rose from $1.76 billion in February 2026 to about $5.05 billion by October 20. Regulated investment products account for roughly 90% of that value. Evernorth links the growth partly to XRPL permissioned domains, launched in February, and reports that stablecoin and fiat-backed token pairs made up an average 86% of XRPL decentralised-exchange trading in 2026, up from about 10% in 2024. The findings point to institutional adoption of tokenized assets, but Evernorth has a financial interest in the XRPL: it holds about 473 million XRP. The report’s figures therefore warrant context, and the XRPL’s total remains a small share of the estimated global market.

Federal Reserve Chair Kevin Warsh said credit conditions tightened after the Fed raised its target interest-rate range to 3.75%–4% in September. The article describes the move as the first rate adjustment since 2023, while noting that financial conditions remain relatively loose by historical standards. Tighter credit conditions can raise borrowing costs and pressure companies, but the report does not identify a direct effect on cryptocurrency markets. It also cites prediction-market odds of 10.5% for NuScale to declare bankruptcy by January 2028, alongside broader concerns about U.S. bankruptcy filings and private-debt stress.

Pendle STRCx deposits on Ethereum have reached a record $50.4 million, up about $10.6 million from the $39.8 million recorded on October 16, 2026. Around 25% of STRCx’s outstanding supply is now in Pendle markets, and 98% of its DeFi deposits are on Ethereum. STRCx is a tokenized version of Strategy Inc.’s STRC variable-rate preferred stock, whose recent dividend rate has been reported at 11.5% to 12%. Pendle lets users trade exposure to an asset’s principal and yield through separate tokens. STRCx markets launched on the protocol in August. On October 28, shareholders approved a move to daily dividend accruals beginning in November. The change may support further demand for STRCx yield products, although the effect will depend on investor uptake and market conditions. The growth is notable for Pendle and tokenized equities, but does not by itself signal a broad shift in crypto-market sentiment.

Somnia (SOMI) has gained more than 100% since September, while a speculative scenario attributed to Grok AI suggests the token could benefit if major gaming, social media and AI companies adopt Somnia’s Layer-1 network. Such adoption could lift on-chain activity, but the article cites no confirmed partnerships or adoption plans. SOMI was consolidating around $0.175–$0.185, with resistance at $0.20–$0.25 and support near $0.17–$0.175 and $0.15–$0.16. The article says a sustained move above $0.30–$0.40 could signal stronger recovery. It also floats a highly speculative $8–$15 target, or $25-plus, by 1 January 2027, conditional on broad adoption and a renewed crypto bull market. These figures are not a base-case forecast. SOMI’s outlook therefore remains dependent on unverified catalysts, market liquidity and risk appetite.

Orbital data centers are moving from concept toward testing, as companies explore computing infrastructure in space. A recent SpaceX launch carried an experimental Google satellite that will make simple requests to Gemini while researchers test its four TPUs in orbit. The launch also included Cowboy Space’s Reason-1 satellite, which is testing whether solar power can be beamed to Earth by laser. Cowboy Space, led by Robinhood cofounder Baiju Bhatt, has unveiled plans for a purpose-built rocket designed to carry five racks of NVIDIA Vera Rubin GPUs into orbit. The startup also intends to sell launch services to other customers through a venture called Big Iron Express. Bhatt says the company aims to make space computing cost-competitive with terrestrial data centers by integrating more of the required technology itself. Starcloud, another orbital infrastructure company backed by Benchmark, is valued at $2.3 billion. The projects are still testing feasibility; the article does not report commercial-scale operations or cost results.

Strategy shareholders have approved daily dividend payments for the Bitcoin treasury company’s four preferred stocks, with 99.3% of votes cast in favor. Dividends will accrue each day, including weekends and holidays, without changing the securities’ annual rates. Daily payments for STRC are expected to start on Nov. 2, 2026. Payments for STRF, STRK and STRD are scheduled to begin on Jan. 4, 2027. Strategy says the change is intended to reduce the wait between earning dividends and receiving cash, and to support liquidity and price stability in its preferred shares. The preferred stocks carry annual rates of 8% to 12%. STRC has a variable rate currently set at 12%, while the other three have fixed rates. STRK can also be converted into Strategy common stock. Strategy holds 848,517 BTC, making it the largest publicly traded corporate Bitcoin holder, according to BitcoinTreasuries.net.

KPMG chief economist Swonk said Federal Reserve policymakers may be concerned that tightening monetary policy too quickly could damage the economy. She expects Fed Chair Warsh to offer little additional explanation at his press conference. Swonk also pointed to vulnerabilities in the artificial intelligence boom: technology shares saw a notable sell-off in mid-October, while some lenders have reportedly become more cautious about financing large technology companies’ AI infrastructure projects at previous valuation levels. The comments highlight uncertainty around Federal Reserve policy tightening and its potential effects on tech-sector valuations and risk assets.

Federal Reserve Chair Warsh said US GDP growth in the third quarter could exceed 3%. The brief report provided no further details on the estimate or its implications for monetary policy. Strong GDP growth could affect expectations for interest rates and risk assets, but the statement alone does not indicate a change in Fed policy.

Anthropic’s IPO filing indicates that shareholders could potentially limit the Long-Term Benefit Trust’s control over the company’s board. The Trust currently uses Class T stock to elect and remove a majority of directors, but the filing says certain shareholder majorities, together with the board and trustees, may amend or redeem that stock. No change to the arrangement has been reported. The disclosure puts Anthropic’s governance and independent AI safety oversight in focus as the Claude developer pursues a proposed Nasdaq listing. The Anthropic IPO filing may influence investor views of the company’s valuation and governance, but the article provides no specific valuation data or direct implications for cryptocurrency markets.

The US Department of Justice is examining Nvidia’s planned $12.93 billion acquisition of Hugging Face, assessing its potential impact on competition in the AI sector. The Nvidia DOJ inquiry is part of a broader review of the chipmaker’s business practices, which also includes scrutiny of its licensing agreement with AI chip startup Groq. Announced on September 3, 2026, the deal includes $11.9 billion for Hugging Face shareholders and up to $1 billion for employee equity retention. Hugging Face hosts about 3 million AI models and 500,000 datasets, and serves more than 18 million developers and 200,000 companies. Nvidia says it plans to keep the platform open and multi-cloud. No formal challenge or second request had been publicly reported by October 28, and Nvidia expects the acquisition to close in the first half of 2027, subject to regulatory approval. For traders, the key near-term catalysts are any escalation of the DOJ review and signs that the scrutiny could affect Nvidia’s wider AI strategy.

A crypto user lost about $50,000 in USDT in an Ethereum address-poisoning attack, according to blockchain security platform Scam Sniffer. The scam address matched the intended recipient’s first four and last six characters, making it look familiar in the transaction history while differing in the middle. Address poisoning works by placing a lookalike address in a victim’s transaction history, often through a tiny or zero-value transfer. Scammers hope the user will later copy that address instead of checking the full destination. Similar incidents have led to much larger losses, including a reported 100,000 USDT theft after a poisoned address sat in a wallet’s history for 66 days. MetaMask says it can block a transaction when its destination closely resembles an address previously used by the sender. It advises users to save verified destinations in Contacts and check the complete address before sending. The incident highlights an ongoing wallet-security risk for stablecoin traders, but does not indicate a broader Ethereum or USDT market disruption.

The Federal Reserve held its benchmark rate at 3.75%–4.00% in a 10–2 vote. Two officials, Lisa D. Cook and Beth M. Hammack, dissented in favor of a 25-basis-point increase. The Federal Reserve said economic activity remains strong, while inflation is still elevated and uncertainty remains high. No updated economic projections or rate-dot plot were released because this was not a quarterly meeting. The decision keeps rates unchanged for now, but the hawkish dissent and persistent inflation leave the possibility of another hike in December open. For Bitcoin and other rate-sensitive assets, traders may focus on upcoming inflation data and the next FOMC meeting; the decision does not, by itself, signal a shift towards easier policy.

Solana’s October 22 engineering changelog lists new validator and developer-tool releases, including Agave v4.3.2, Firedancer mainnet v26.10.4 and Web3.js v3.1.1. The update also records Alpenglow’s mainnet feature gate as activated and says Firedancer is moving to retire TowerBFT code. Solana validator development continues with work on file-system I/O, gossip and earlier checks for unsupported sBPF deployments. Transaction V1 is being explored as a longer-term direction, but deprecating legacy transaction formats remains a proposal—not a completed mainnet change. The releases mark ongoing Solana infrastructure development, but do not by themselves establish broader adoption, improved network performance or an immediate effect on SOL trading. Traders can watch for client uptake, governance decisions, integration updates and measured network outcomes.

The Federal Open Market Committee (FOMC) voted 10-2 to keep interest rates unchanged. The decision leaves the US rate ceiling at 4%, in line with expectations. Two members dissented in favor of raising rates, signaling some concern about inflation and adding a hawkish note to the FOMC decision.

Federal Reserve officials Cook and Hammack opposed keeping interest rates unchanged and argued for a rate increase, according to a post by Paradis on X. The Fed said domestic spending remained resilient despite elevated uncertainty. The dissent signals a more hawkish stance within the Federal Reserve, even as the central bank held its benchmark rate at 4% in a 10-2 vote. Traders will watch future inflation and economic data for clues about whether rate hikes could return to the policy debate.

French Bitcoin treasury firm Capital B plans to increase its holdings from 3,538 BTC at the end of September 2026 to 42,000 BTC by the end of 2029. It is also pursuing an intermediate target of 15,000 BTC by 2027. The company plans to fund the Bitcoin accumulation through digital credit products backed by its BTC reserves, aiming to raise capital while limiting shareholder dilution. Capital B says the key measure is BTC per diluted share, not just its total Bitcoin holdings. The strategy carries significant risks: a sharp Bitcoin price drop could weaken its balance sheet and demand for its credit products. Capital B reported a €69.5 million net loss in the first half of 2026, largely due to a non-cash impairment on Bitcoin, while revenue was €5.8 million to €6.5 million. Traders will be watching whether the credit products attract buyers and whether BTC per diluted share rises as the firm expands its Bitcoin treasury.

Bitcoin (BTC) briefly reclaimed $81,000 after rising 2% in 24 hours. Analyst Sweep called its recovery above the 50-day exponential moving average, alongside strong spot demand, a major sign of strength. Sweep also said more than $1 billion in BTC left exchanges in the past day, potentially reducing available supply. Traders are watching the October 28 FOMC meeting for clues on interest rates and Bitcoin’s next move. Max Crypto reported that a whale opened a $72.1 million BTC long position using 30x leverage, though the trade does not guarantee a rally. Other indicators point to downside risks. Ali Martinez said Bitcoin whales realized about $156 million in profits and reduced their holdings by 8,162 BTC in 24 hours. The Coinbase Premium index fell to around -0.17, suggesting weaker demand from US investors relative to Binance. Martinez identified $81,000 as key support; a break could expose Bitcoin to a fall toward $67,000. He said a move above $84,500 would improve the bullish outlook, with $92,000 and $104,000 as subsequent levels. Bitcoin’s initial response to Fed meetings has often been limited, with clearer trends developing over the following day.

Morpho’s real-world asset (RWA) lending markets recorded $2.145 billion in deposits and $894.18 million in outstanding loans in an Oct. 28 snapshot. The figures show growing use of tokenized assets as collateral for onchain borrowing. Private credit accounted for about 58% of Morpho RWA deposits in CertiK’s September analysis. Separate research from Sentora found that four large collateral positions—PRIME, PT-reUSD, syrupUSDG and PST—totaled $637 million, about 57.9% of the RWA collateral covered in its Oct. 1 dataset. Sentora also reported high borrower concentration in several markets, including PRIME and PST. Morpho markets include loans backed by tokenized private credit and equities. Steakhouse Financial curated five USDC lending markets backed by Coinbase stock tokens, setting collateral requirements. Morpho’s documentation says curators set market parameters, while oracle prices and available liquidity affect liquidations. The protocol warns that price-feed failures or insufficient buyers can leave lenders exposed to losses or delayed withdrawals. Morpho also enabled Robinhood Stock Token borrowing through curated markets. The service is unavailable to US persons and other restricted users. Overall, Morpho’s RWA growth points to rising demand for tokenized credit and equity-backed DeFi lending, alongside borrower concentration, valuation and liquidity risks.

Bithumb is investigating a possible customer data leak after hackers accessed its internal mobile groupware system. The exchange discovered the breach on Tuesday and notified South Korea’s internet security and personal information authorities. It is checking whether member data was exposed; an industry source told Yonhap that some customer information may have leaked. Bithumb said the affected system is separate from its trading platform, so the incident does not provide access to customer crypto assets. The investigation comes amid a wider wave of cyberattacks against South Korean financial firms: the Financial Supervisory Service said 16 firms had been targeted as of Oct. 14. Daishin Securities reported leaked personal and credit information belonging to 38,490 customers, while Mirae Asset Global Investments said it blocked abnormal access and found no impact on investor information. For crypto traders, the immediate concern is potential phishing and other account-targeted scams, alongside reputational and regulatory risks for Bithumb—not a confirmed threat to exchange funds or a direct signal for crypto prices.

Solana-based lending project Spout has raised $2 million in strategic funding to develop its platform and expand its team ahead of a planned mainnet launch. Spout is currently testing on Solana Devnet, with a private beta planned before mainnet; no launch date or lending capacity has been announced. The platform would let users borrow USDC against tokenized U.S. stocks at up to a 50% loan-to-value ratio, without charging borrowers interest. Spout plans to generate returns for lenders by selling weekly covered call options on the collateral. These premiums depend on market conditions, and the project has not promised a fixed yield or disclosed full liquidation rules and potential fees. Investors include Draper Dragon, Anchorage Digital, Flow Traders and Solana Labs. Former CFTC chairman J. Christopher Giancarlo, a Spout regulatory and policy adviser, also invested. Spout aims to bring prime-brokerage-style borrowing to individual users, but its mainnet rollout and ability to sustain lender returns remain key milestones for traders to watch.

Bitcoin price gains faded on Wednesday after BTC failed to break above its 50-day simple moving average near $81,831. Bitcoin briefly reached about $81,687 before retreating to $80,297, down roughly 0.3% at the time of the reports. A sustained drop below $80,565 could make another test of the 50-day average less likely. Traders were awaiting the Federal Reserve’s rate decision and Chair Kevin Warsh’s comments. CME FedWatch put the probability of rates staying at 3.75%-4% at 90.6%. US technology earnings and the Nov. 3 midterm elections were also potential market catalysts, while Fed commentary could influence expectations for a December rate move. Glassnode data showed buy orders near $80,000 had thinned to about $3.4 million, compared with roughly $42 million in bids between $78,000 and $79,000. That lower range may provide support if Bitcoin price weakens further. For traders, the failed breakout leaves BTC vulnerable to Fed-driven volatility, with the $80,565 level and the $78,000-$79,000 bid zone in focus.

Standard Chartered reported third-quarter pretax profit of $2.25 billion, up 27% year over year and above analysts’ $1.99 billion estimate. Adjusted operating income rose 14% to about $5.8 billion. Wealth Solutions income climbed 26% to a record $1.12 billion for a third consecutive quarter. Affluent clients brought in a record $20 billion in net new money. Global Markets income increased 21%, while credit impairment charges fell to $90 million from $188 million. Unsecured consumer-lending income declined 13% on a constant-currency basis. Standard Chartered raised its full-year operating income growth forecast to above 7%, from 5%–7%, and lifted its return-on-tangible-equity target to above 14%. Its Hong Kong-listed shares rose as much as 8% after the results. The bank also has digital-asset initiatives, including USDC services with Circle, but it did not disclose their contribution to earnings. Standard Chartered’s results were driven mainly by wealth management and trading, not reported crypto revenue.

Jim Cramer warned that the AI stock rally could reverse as high Treasury yields and rising debt put pressure on data-centre profits. The US 10-year Treasury yield hovered around 5%, raising borrowing costs and weighing on valuations of capital-intensive technology companies. Cramer highlighted AI cloud providers including CoreWeave, Nebius and IREN. CoreWeave shares rose about 7.9% on Tuesday, but yields on its senior unsecured bonds approached 15% earlier in October, reflecting investor concerns about leverage and refinancing. The article says companies raised about $466 billion in AI-related debt in the first nine months of 2026, up from $101 billion a year earlier. A reported $63 billion financing arrangement for Anthropic, involving major banks and Blackstone, is intended to fund computing equipment supplied by Broadcom. The structure could help Anthropic expand capacity without paying the full cost upfront, but Cramer cautioned that access to financing does not prove the business is sustainably profitable. Faster-than-expected hardware obsolescence could also complicate repayment. For traders, the AI stock rally remains sensitive to Treasury yields, credit conditions and evidence that AI demand can generate returns sufficient to cover infrastructure costs.