Crypto News

Bitcoin mining infrastructure firm Luxor has raised $16 million in a strategic round led by CMT Digital, with participation from Canaan, MicroBT, Halo, Steelhead and angel investors. The financing includes primary and secondary capital. Luxor plans to expand its AI cloud platform, fund AI hardware operations, grow compute derivatives trading and market making, and hire staff. The move builds on its Luxor AI launch and its existing mining infrastructure experience in energy, hardware and compute markets. Luxor says its ASIC brokerage has traded $1 billion in mining hardware, its energy business serves more than 75 megawatts of load in ERCOT and SPP, and its cloud platform processed 1.8 million workloads year to date as of September. In a later discussion, Luxor’s CEO and CMT Digital’s Sam Hallene said mining expertise can help companies build and operate AI infrastructure. They also pointed to strong GPU demand, reportedly including Nvidia hardware sold out for the year, and Luxor’s work on AI-agent sandboxes and compute derivatives. Luxor plans to keep Bitcoin mining at its core while pursuing AI and high-performance computing as demand for data-center capacity grows.

Investors in Altura’s collapsed stablecoin vault allege that about $32 million remains unaccounted for four months after the protocol began winding down. The dispute has escalated into UK court proceedings, but the allegations have not been independently verified. An investor who contacted crypto.news claims Altura circulated misleading screenshots purporting to show £16.4 million held at Allica Bank. The source says investigators could not find an account matching the company’s description. Neither the screenshots’ authenticity nor the claim about the account has been confirmed by the bank or independently established. Altura began unwinding the vault in June after processing more than 8.5 million USDT in instant redemptions. Founder Ranveer Arora said some investments needed time to settle. Altura later said funds intended for withdrawals were subject to a bank restriction and that remaining real-world asset investments had been returned. Investors say substantial repayments have not arrived. The source cites UK case BL-2026-001127 and alleges that freezing and disclosure measures were sought against Altura and Arora. Separate reporting has described an interim worldwide freezing order, but the original court documents were not available for review. The investor also alleges that funds moved through UK bank accounts to an unidentified service, but provided no transaction records or forensic report. Altura and Arora had not responded to the allegations in the material available for the report. The Altura dispute remains unresolved. The claims do not establish wrongdoing, the location of the funds or the amount ultimately recoverable.

Eurotrace says it has expanded its blockchain tracing and digital asset investigation services for cases involving unauthorized transfers, scams and compromised wallets. The company says its blockchain tracing uses ledger analysis, address clustering and transaction mapping to follow assets across multiple wallets, bridges and decentralised finance platforms. It also offers an initial feasibility review and says qualifying investigations use outcome-based pricing. Eurotrace does not directly seize or return assets; its reports are intended to support legal, compliance and law-enforcement actions. The article provides no independent verification of the company’s claims or data on case outcomes.

ML-Detect.com says it provides blockchain transaction tracing, wallet-access investigations and digital asset recovery assessments for individuals and businesses. The company says its analysts map on-chain fund movements, including transfers involving decentralized exchanges, bridges and Layer-2 networks, and prepare reports for administrative, legal and corporate risk reviews. ML-Detect says it offers realistic feasibility assessments and does not guarantee that lost assets can be recovered. It also says it follows confidentiality and data-protection procedures. The article does not provide independent evidence of the company’s capabilities or report specific cases, recovery results or financial figures.

Ripple expanded its Robinhood partnership at Swell 2026, bringing RLUSD stablecoin settlement to Robinhood Chain and Bitstamp, with the Robinhood app expected to follow later this year. Moody’s also assigned RLUSD an A2 long-term and P-1 short-term rating, citing reserve coverage, liquidity and redemption arrangements. The ratings apply to RLUSD issued by Ripple subsidiary Standard Custody & Trust on the XRP Ledger and Ethereum. As of October 28, RLUSD supply totaled about $2.58 billion: 981.99 million on the XRP Ledger and 1.598 billion on Ethereum. XRP Ledger’s 38% share has changed little since late August. XRP could benefit if Robinhood settlement increases RLUSD activity on the ledger, where transactions use XRP for fees and reserves; the deal’s volumes have not been disclosed. XRP was trading near $1.33, but remained below its 50-day and 200-day EMAs at $1.3602 and $1.3708. A daily close above $1.3708 could put $1.3992 in focus, while a break below $1.2546 may expose support near $1.20. The first sign of a meaningful XRP impact will be whether RLUSD supply on the XRP Ledger rises.

MARA Holdings transferred 1,000 BTC, worth about $80.19 million, to a BitGo address, then sent another 1,000 BTC—worth about $80.7 million—to the custodian on October 28. The second transfer came within two days of the first. The initial batch was split into 16 smaller transfers to new addresses, a pattern that may indicate distribution to buyers, but neither transfer confirms a sale; the latest batch remains at BitGo. Lookonchain tracked about 3,996 BTC, worth roughly $326 million, moving from MARA-linked wallets this month—around 11% of the 35,577 BTC the miner reported holding at the end of June. MARA sold 23,093 BTC in the first half of 2026, mainly to repurchase convertible notes, and has said it may periodically sell bitcoin. Its second-quarter results included a $611 million loss and a 27% revenue decline, adding to market scrutiny of its liquidity and potential BTC supply. Bitcoin was trading near $81,577, up about 2% in 24 hours, with little immediate reaction to the latest transfers. Earlier market conditions had BTC below $80,000 and down about 2% over seven days. Traders are watching whether the second BitGo batch is split and moved, and whether MARA’s third-quarter results clarify October sales. The cited technical levels include resistance near $81,705 and $84,898, support at $79,221, and an earlier $80,000–$81,500 support zone; one analyst warned that failure to reclaim $82,000 could risk a further decline of up to 10%. Any actual MARA sale could add supply and pressure Bitcoin, but transfers alone do not establish that selling has occurred.

Concerns over AI debt financing are helping drive investors toward US Treasuries, even as federal borrowing remains high. Treasury bonds have rebounded from an early-October sell-off, while the 10-year yield is still up about 84 basis points in 2026. Investors are questioning whether AI companies can fund costly data centers, chips and power contracts. Goldman Sachs estimates hyperscaler debt issuance could reach $420 billion in 2027, about 60% above its projected 2026 level. Credit concerns have also intensified around CoreWeave, whose bond yields neared 15% and credit-default swaps exceeded 1,000 basis points. The shift toward Treasuries comes alongside a persistent US fiscal challenge: federal debt is around $40 trillion and the annual deficit is near 6% of GDP. Heavy government borrowing may continue to put pressure on bond yields. Inflation and energy prices also leave the Federal Reserve’s rate outlook uncertain, with investors watching for a possible December rate increase. For crypto traders, the news signals a risk-off shift in broader markets, but does not directly address digital assets. Treasury demand, interest rates and changing appetite for technology risk may indirectly influence crypto sentiment and liquidity.

SpaceX’s artificial intelligence (AI) compute business may depend heavily on how customers allocate future demand, according to the article. Anthropic’s relationship with SpaceX could approach $37.2 billion in annualised revenue, but Anthropic may eventually reduce its SpaceX capacity while still facing minimum-spending commitments to Amazon, Google and Microsoft. The article says SpaceX management expects new compute deployments to pay back in less than a year, supported by pricing of more than $30–$50 per watt. SpaceX reportedly spent $19.6 billion on capital expenditure in the third quarter and expects another $35 billion to $40 billion in the fourth quarter. The analysis warns that the scale of investment and customer-allocation uncertainty could pressure future AI infrastructure economics. It also notes SpaceX shares trade at about 63 times forecast 2027 earnings and 11 times sales, leaving limited room for weaker growth or returns. The figures and projections are presented in the article and are not independently verified here.

Wolfe Research reaffirmed its Outperform rating on SK Hynix and set a $250 price target, citing strong demand for high-bandwidth memory (HBM) from AI infrastructure. Analyst Chris Caso said rising HBM prices, higher memory output and an attractive valuation could support further gains. SK Hynix trades at about 4.5 times earnings in the firm’s bull-case scenario. Wolfe estimates that, if the company follows through on its shareholder-return plans, free cash flow over the next two years could fund buybacks equal to 28% of its outstanding shares. The outlook highlights AI-related semiconductor demand and potential capital returns, but does not provide a direct catalyst for cryptocurrency markets.

Russian President Vladimir Putin said Russia is in contact with Elon Musk regarding low-Earth orbit satellites. The report did not provide details about the discussions, their purpose or any agreements. The development concerns Russia, Musk and the low-Earth orbit satellite sector, but no direct link to cryptocurrency markets was reported.

Kalshi’s 2026 Senate prediction markets show pricing gaps across contracts tied to the same outcome. Since August, implied probabilities for Democratic control differed by an average of 3.3 percentage points, reaching 9.7 points at their widest. On Oct. 25, they ranged from 62.5% to 65.3%. A hypothetical nine-contract package designed to pay $8 under either outcome was priced below that amount on 19 of 51 days before fees. After estimated fees, the modeled edge remained positive on seven days when the main contract was assumed to fill passively, peaking at 4.7 cents per $8 package. If all legs crossed the spread, it remained positive on just two days. No trades were executed. Thin liquidity, fees, the risk of legs filling at different prices, and differences in settlement timing could erase the apparent edge. The article says these gaps reflect broader fragmentation across prediction markets, where related contracts and venues divide liquidity. For traders, the example highlights the need to compare contract terms and assess actual order-book depth and execution costs. It does not establish a direct signal for cryptocurrency prices.

Birch Hill raised $4 million in a seed round led by Multicoin Capital, with ParaFi Capital, Castle Island Ventures and Nascent also participating. The New York startup has now raised $6.5 million, including a $2.5 million pre-seed round. Birch Hill curates lending vaults on Morpho and is developing onchain credit strategies to connect loan originators with blockchain-based lenders. Its first product is a USDC vault on Base, built using Morpho infrastructure and Yearn v3 vault standards. The vault lets accredited investors supply USDC against GRO tokens linked to GromaREIT, a US multifamily real estate investment trust. Birch Hill says the product prioritizes risk controls and capital preservation. The company plans to expand from multifamily real estate into agricultural and energy loans through securitized onchain products. It has applied for FINRA broker-dealer membership and says it met with the SEC’s Crypto Task Force in August. The eight-person team includes three former Yearn employees and a former Gauntlet risk specialist. The raise supports Birch Hill’s push to bring regulated private credit to onchain lending, though any expansion will depend on execution, and tokenization does not remove underlying borrower or credit risk.

Chancellor Healey has announced a UK AI investment package ahead of the Autumn Budget, including £165 million for biosecurity research, £100 million for an AI Biosecurity Lab and £10 million a year for an institute studying AI’s impact on jobs. The plan also backs chip design in Edinburgh and a Manchester AI centre. The measures support the government’s goal of tripling UK computing capacity to 6GW by 2030. But data centre growth faces a major electricity-grid bottleneck: Microsoft withdrew from a planned 50MW site in Loughton after power connection delays pushed availability into the 2030s. Investors and operators will be watching the Budget, AI Growth Zone approvals and grid-connection reforms.

Stablecoin infrastructure company Eco has launched the Sauce SDK, a toolkit that lets developers set rules for onchain transactions using TypeScript. Sauce SDK checks conditions such as minimum amounts received, price limits and approved destinations against live market data. If a transaction fails any condition, it does not execute and funds do not move. Eco is positioning Sauce SDK as a way to set guardrails for AI agents that trade or make payments. Businesses could also use it to cap conversion costs for stablecoin payments or treasury rebalancing. The toolkit supports Ethereum, Solana and Base at launch. Eco CEO Ryne Saxe said developers and agents can use it to build and evolve transaction strategies. Eco did not disclose usage or volume figures. Some Sauce components were available before the announcement, while the company’s documentation described version 1 as closed access and its website noted that an audit was pending.

Objections to OKX-ICE tokenized stocks have risen to 33 issuers, up from 26 in the previous notice. JPMorgan Chase, AMD, Coca-Cola, Applied Materials, Adobe, Dell Technologies and Sandisk were added to the list. The notice gives no reasons for the objections and sets no launch date. Under the SEC exemption governing the venue, an issuer can block a third-party token representing its stock by filing a timely objection. The venue must then disclose the objection in an amended notice. The growing list signals that access to major companies’ shares may be limited when the OKX-ICE tokenized stock venue launches. The revised notice also names Amazon Web Services as cloud provider for the venue’s website, back-end systems and databases, while Alibaba Cloud no longer appears in those rows. A separate disaster-recovery passage still refers to Alibaba Cloud. The update does not itself indicate a change to crypto market prices or trading conditions.

Neel Somani has been confirmed as the latest winner of the Sun Yuchen Prize after solving two open mathematics problems, JSP-000239 and JSP-000327. The prize’s official account highlighted his use of GPT-5.2 Pro to explore one problem and a team of undergraduate researchers from several universities to search for solutions to the other. Both solutions were formally verified using Lean, with the Aristotle system supporting the formalization process. The solutions entered a 14-day public review on 30 September and were added to the winners list on 14 October. The award separates rewards for solving a problem and formalizing its proof; the article does not state Somani’s specific prize amounts. The Sun Yuchen Prize recognizes machine-verifiable mathematical solutions, with its top prize set at $1 million.

The Depository Trust & Clearing Corporation (DTCC) has launched its Tokenization Service (DTS), a milestone in bringing tokenization to U.S. financial markets. The service uses Hyperledger Besu for its Collateral AppChain and private blockchain network, while also supporting other blockchain networks to encourage interoperability and choice. Daniela Barbosa of the Linux Foundation’s LF Decentralized Trust says the launch reflects more than a decade of collaboration between DTCC and the open-source blockchain community. DTCC was a founding Premier Member of Hyperledger in 2016 and has contributed to the community’s technical development and governance. Besu, an Ethereum-compatible client, joined Hyperledger in 2019 under neutral open-source governance. The article highlights open-source technology’s potential benefits for financial infrastructure, including transparency, vendor neutrality, security, and flexibility. A report cited by LF Decentralized Trust identifies 80 platforms using its technologies that are already in production or on a clear path to deployment across central banks, securities depositories, and financial institutions. The DTS launch signals growing institutional adoption of blockchain, but the article does not specify transaction volumes or immediate effects on crypto markets.

A wave of crypto TGE launches is expected in Q4 2026, with 19 projects across AI, DeFi, real-world assets (RWA), prediction markets, gaming and meme coins outlining token plans. The list includes AI infrastructure projects Flop and GenLayer, derivatives platforms Extended and Variational, and stablecoin and yield protocols such as InfiniFi and Apyx. Other projects include cross-chain platform Jumper, prediction market Predict.fun, game Cambria and meme launchpad Bullshot. Plans vary: some tokens are intended for transaction fees, staking, governance or revenue sharing, while others include buybacks, burns, airdrops or public sales. Variational plans a 32% genesis airdrop; Jumper’s public sale drew about $48.6 million in commitments against a final accepted raise of $3 million. Several launches are scheduled for specific dates, but at least one, Apyx, has postponed its TGE without announcing a replacement date. The projects reflect renewed interest in token launches alongside a broader crypto market recovery. However, announced timelines and tokenomics can change, and a TGE does not guarantee demand or price gains. Traders should check vesting schedules, circulating supply, liquidity, airdrop eligibility and actual product usage before assessing potential market impact.

Ripple and C2FO plan to use the XRP Ledger and RLUSD to settle accelerated payments for approved supplier invoices through C2FO Instant Pay. Participating capital providers would fund early payments, with RLUSD transfers settling on the XRP Ledger, typically within three to five seconds. Invoice terms will remain unchanged. C2FO is inviting firms to join a waitlist ahead of a limited rollout in the coming months; transaction volumes, fees and broad availability have not been disclosed. C2FO says its existing Early Pay programmes have enabled more than $520 billion in accelerated working capital. That figure is not Instant Pay usage or evidence of payments already made on the XRP Ledger. Ripple says RLUSD has a market capitalisation above $2.5 billion, with more than $1 billion issued on the XRP Ledger. The partnership could support institutional use of RLUSD and blockchain-based invoice financing, but there is not yet evidence of significant adoption or a direct increase in XRP demand.

Crypto.com and derivatives partner OG.com have launched regulated crypto perpetual futures for eligible US traders, with leverage of up to 5x. The contracts have no fixed expiry and are available through the Crypto.com App and Crypto.com Exchange. Traders can take long or short positions and use take-profit and stop-loss orders; funding payments may affect the cost of holding positions. OG.com provides the exchange, clearing and futures commission merchant services. Crypto.com is registered with the National Futures Association as an introducing broker. The launch follows the CFTC’s May move to open the US market to crypto perpetual contracts. Kraken introduced a US perpetuals product in June, while the new service also adds competition with Coinbase. The launch expands access to crypto perpetual futures through regulated US derivatives infrastructure. The 5x leverage cap is lower than on some offshore exchanges, but leverage can still magnify losses as well as gains. The announcement did not specify which cryptocurrencies are available. More trading on domestic platforms could broaden the US derivatives market, but the launch alone does not establish a direct price catalyst for any particular cryptocurrency.

The US 10-year Treasury yield rose to about 5.01% on October 28, putting Treasury yields back above 5% as investors awaited the Federal Reserve’s interest-rate decision. The Fed is widely expected to hold its benchmark rate at 3.75%–4.00% after a September increase, but markets remain alert to the possibility of another hike in December. A Reuters survey found 94 of 100 economists expected rates to remain unchanged in October, while all expected a December increase. Persistent inflation, which reached 3.7% annually in September, and elevated energy costs are keeping borrowing costs in focus. Higher Treasury yields can increase financing costs and reduce the present value of future corporate earnings, pressuring stock valuations, especially in technology. Treasury yields also matter to crypto traders: attractive government-bond returns can draw investment away from riskier assets. Ethereum has faced additional pressure from institutional outflows and uncertainty about Fed policy.

Robinhood’s prediction markets generated $173 million in third-quarter 2026 revenue, surpassing cryptocurrency transaction revenue of $120 million. Crypto revenue fell 55% year over year, but the company’s total revenue reached a record $1.42 billion as other businesses grew. Prediction-market revenue rose from $27 million in the third quarter of 2025 to $173 million, alongside a record 16.4 billion contracts traded. Robinhood launched the service in 2025 through a partnership with Kalshi. The company says contract volume is not the same as revenue, which also depends on trading activity and transaction arrangements. Options revenue climbed 31% to $399 million, while net interest revenue reached $415 million. Robinhood Gold subscriptions increased 34% to 5.2 million, and platform assets rose to $396 billion. Despite record revenue, net income fell 14% to $476 million. The shift shows that prediction markets are becoming a major revenue source for Robinhood, though their dependence on trading activity and regulatory uncertainty means they may not eliminate volatility or speculative risks.

An investor analysis favors Broadcom (AVGO) over Credo Technology (CRDO), citing Broadcom’s scale, diversified customer base and valuation. Broadcom’s position in AI networking and optical chips, alongside established client relationships, is seen as supporting its business through 2027. Credo is growing rapidly and expanding into optical technology, but its customer concentration is a key risk: its four largest customers account for 84% of revenue. The analysis views Credo’s valuation as demanding and suggests revisiting the stock near $138 or if its customer base becomes more diversified. Both companies face customer-concentration risks, but the author considers Credo the higher-risk investment.

Sim Fed, an AI-driven Federal Reserve simulation developed by George Washington University economist Tara Sinclair and Stanford researcher Sophia Kazinnik, voted to hold interest rates in five of seven simulated October meetings. The other two simulations favored a rate increase. The result broadly matches market expectations for a pause, but it is a research exercise—not an actual Federal Reserve decision. The Fed’s rate announcement is expected at 2 a.m. Beijing time on Thursday. Traders should treat the Sim Fed forecast as a data point rather than a policy signal; the official decision and guidance are likely to matter more for interest-rate expectations and risk assets, including cryptocurrencies.

Cancore has raised $7.2 million in seed funding to expand cross-chain trading for tokenized assets on Canton Network and develop AI trading tools. Investors include Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures and Proof of Talk. Cancore’s platform is designed to let users trade Canton-based assets against assets on public blockchains without wrapped tokens or centralized-exchange custody. Atomic settlement aims to complete both sides of a trade together. The platform has been live on Canton mainnet since April 2026 and supports Ethereum, BNB Chain, Arbitrum One, Robinhood Chain and Tron. As of October 1, Cancore reported more than $53.2 million in trading volume across over 84,000 trades and more than $538,000 in protocol revenue. The funding will support additional network and liquidity integrations, security and settlement infrastructure, and AI agents designed to execute trades, rebalance portfolios and allocate capital. Cancore’s expansion reflects growing efforts to connect tokenized real-world assets with cross-chain liquidity, but adoption will determine its broader impact. The funding announcement alone does not establish a direct price catalyst for major cryptocurrencies.

Anthropic has reportedly filed to list on Nasdaq under the ticker ANT, potentially becoming the first major US company focused mainly on advanced AI models to go public. The Anthropic IPO follows a sharp rise in Claude revenue: the company reported $16.3 billion in revenue for the first half of 2026, up 14-fold year over year, alongside a substantial net loss. Its last private valuation was reported at about $965 billion, while later estimates put its potential public valuation at $1.5 trillion to $2 trillion. The listing could test investor demand for frontier AI companies and the economics of developing advanced models. For crypto traders, the Anthropic IPO has no direct cryptocurrency catalyst, though its reception could offer a broader signal about risk appetite for high-growth technology stocks.

Broadcom shares have fallen nearly 32% from their June 2026 peak, amid concerns about AI spending and customer concentration. Anthropic’s 26 October IPO filing disclosed $161.2 billion in noncancelable commitments tied to Broadcom equipment, alongside a reported $63 billion financing plan for chip purchases. Anthropic also reported first-half 2026 revenue of $16.3 billion, up more than 1,300% year on year. D.A. Davidson upgraded Broadcom to Buy on 27 October and set a $400 price target; the shares rose 4% that day but remained well below their peak. The disclosures may improve visibility into Broadcom’s AI-chip demand, but also underline its exposure to Anthropic and the broader AI funding cycle. Investors will watch Anthropic’s IPO performance, further analyst calls and Broadcom’s comments on customer diversification.

A promotional 2026 guide explains cloud mining, where users rent computing power from operators instead of buying and maintaining mining hardware. It lists PowerAlgo, ECOS, NiceHash and Hashing24, with PowerAlgo ranked first and described as supporting Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE) mining. The article advertises a $15 sign-up bonus and claims daily payouts, fee-free withdrawals and returns that are not affected by market volatility. These claims are presented by the guide and are not independently verified. Cloud mining can expose users to contract, counterparty and profitability risks, so traders should research providers and scrutinize terms before committing funds.

Rhino.fi has launched a redesigned Console for businesses managing stablecoin deposits and cross-chain transfers. The platform brings project management, role-based access, API keys, webhooks, transaction tracking and analytics into one dashboard. Teams can separate sandbox, testing and production projects, monitor transaction status and volume, and bridge stablecoins without leaving the Console. Usage tools track Flow Credits, deposit addresses and potential overage costs. Optional extensions include customised fees and limits, 1:1 stablecoin settlement, compliance tools, onchain actions and access to Tron, Solana and Bitcoin. Rhino.fi says the redesign lays the groundwork for further Console features, beginning with deeper fee and limit management.