Crypto News

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.

Robinhood CEO Vlad Tenev says Robinhood Chain aims to become a leading place to hold and trade tokenised assets. The roadmap starts with stock tokens and perpetual contracts, then expands to other assets. Tenev said stock tokens are intended to serve as building blocks for developers, with growth in stock-token total value locked (TVL) prioritised over higher transaction fees. Robinhood said the chain’s first full quarter after its 1 July mainnet launch recorded more than $80 billion in cumulative decentralised exchange (DEX) volume and over $50 million in chain fees, placing it among the top five chains by volume and revenue. CFO Shiv Verma said revenue is shared roughly equally with Arbitrum and that the company is prioritising user experience and developer adoption. Ondo has also integrated with the chain. Tenev acknowledged that developers want more community support and said Robinhood is forming a team and plans to increase investment in developer resources. Robinhood Chain’s next growth test will be whether it can attract builders and sustain demand for tokenised assets.

AI startup founders are increasingly coming from outside the traditional tech and venture-capital mold, a16z partner Andrew Chen says. Drawing on the firm’s Speedrun accelerator, which can invest up to $1 million in newly formed startups, Chen highlights solo founders, non-technical professionals, industry specialists, students and content creators as emerging founder profiles. AI tools can help individuals build products with fewer resources, but turning a prototype into reliable, scalable software remains difficult. Founders still need skills in sales, hiring, strategy and execution. Chen argues that some established assumptions about who can build successful companies may no longer hold as AI changes how products are made and distributed. He cautions investors against replacing old stereotypes with new rigid rules: the strongest founder profile will depend on the opportunity and the advantages a person can bring.

The Fed rate decision is the main focus for investors, with the Federal Reserve set to announce its decision at 2 a.m. Beijing time. Markets are pricing in only a 7% to 10% chance of a rate hike. US stock futures edged higher ahead of the announcement, while oil prices rose and spot gold and silver slipped. Corporate news was led by AI infrastructure. Nvidia plans to expand Oracle Cloud Infrastructure’s supercomputer clusters using its Vera Rubin NVL72 systems, and Vertiv shares rose nearly 17% pre-market after strong quarterly revenue and an upbeat outlook. SK Hynix said its DRAM and HBM capacity for the next three years is nearly sold out. OpenAI is reportedly considering buying Google TPU chips. Tesla is exploring the use of Optimus robots to connect charging cables for Robotaxis before a fully automated wireless charging system is ready. Google DeepMind unveiled its Genie 4 world model, while Qualcomm plans to showcase a 6G device prototype. The Fed rate decision and guidance may influence near-term risk appetite across equities and crypto markets.

The Fed meeting is expected to end with rates unchanged at 3.75%–4.00%, with prediction markets pricing a 94.9% chance of a hold. Traders are focused on Chair Kevin Warsh’s comments and any dissenting votes for clues about a possible December hike, which markets currently put at roughly 73%–79% odds. The Fed faces mixed signals: September inflation rose to 3.7% year on year, while employers added just 29,000 jobs and unemployment reached 4.2%. A hawkish tone could lift Treasury yields and the dollar, putting pressure on Bitcoin. A more dovish message could support crypto prices. Bitcoin was trading at $81,430, above its 50-day and 200-day moving averages but below resistance at $83,624. Key near-term levels are $79,221 support and $83,624 resistance. September PCE inflation and third-quarter GDP, due Thursday, may further shape expectations for Fed policy and crypto trading.

Ether ETF outflows remained a concern in October. An earlier report put monthly net outflows at about $1.08 billion and noted five consecutive negative sessions, including $26.13 million withdrawn on October 20. By October 27, U.S. spot Ether ETFs had posted a second straight day of outflows: $60.22 million, following $88.6 million on October 26. BlackRock’s ETHA led withdrawals, although Fidelity’s FETH and Grayscale’s Ethereum funds recorded inflows. The latest two sessions saw combined outflows of about $148.8 million, while earlier reports also highlighted weaker net fund demand. ETHA redemptions and ETF flows are worth monitoring, but they do not determine ETH’s price on their own. ETH traded near $2,365 on October 27, below the $2,400 level traders had previously watched. A sustained recovery above $2,400 could bring $2,440 into focus; a fall below $2,300 may weaken the bounce. Earlier technical analysis identified support at $2,362, $2,324 and around $2,311, with resistance near $2,444 and $2,500. Derivatives data showed $90.59 million in ETH liquidations, mostly short positions, while falling open interest suggested position closures rather than strong new demand. A break above $2,500 could open a path towards $2,548 and $2,780. In contrast to Ether ETF outflows, U.S. spot Bitcoin ETFs took in $176 million on October 27.

Bitcoin rebounded from about $79,400 to above $81,000 after support at the lower edge of a descending channel held. On the four-hour chart, Bitcoin remains inside that channel and faces resistance near its upper boundary and the 100-period simple moving average. A sustained break above resistance could support further gains, while rejection may bring another pullback. The daily chart shows the broader uptrend remains intact, and the descending channel could resolve higher. However, Bitcoin has recently been rejected at the 50-day moving average, and the channel has fallen too far to qualify as a conventional bull flag. The daily Stochastic RSI is turning up from low levels, while the weekly indicator is in bearish territory, suggesting weakening momentum. Traders are also watching the Federal Reserve’s rate decision and upcoming PCE inflation data. The Fed is expected to keep rates unchanged, but hawkish signals from Fed Chair Warsh or hotter-than-expected inflation could weigh on Bitcoin. The weekly chart leaves room for a deeper correction towards $75,600 or $70,000 before a possible recovery. Overall, Bitcoin’s near-term direction depends on technical resistance and macroeconomic data.

The Initia exploit stemmed from a MoveVM script-caching flaw that let an attacker bypass security checks and fabricate balances in WETH, iUSD and USDC, without changing the total supply of those tokens or INIT. Before Initia paused its Layer 1 network and rollups on October 23, about $2.7 million in assets—including 105 WETH, roughly 1.4 million AUSD0 and about 1.08 million USDC—was transferred across bridges. The attacker later swapped the assets for 1,135.52 ETH, which Initia says is held at an Ethereum address. Initia has prepared a security patch for partner review and audit, and is working to recover the funds. The team plans to publish a post-mortem; the network is to resume after the fix is reviewed. The Initia exploit may weigh on confidence in the ecosystem until operations restart, although the reported lack of impact on INIT supply limits direct token-supply concerns.

Oil prices rose nearly 2% on Wednesday after Yemen’s Houthi movement claimed it had fired a ballistic missile at Saudi Aramco’s Ras Tanura refinery. Brent crude climbed to about $116.03 a barrel, while US West Texas Intermediate reached $101.91. Saudi Arabia reported intercepting missiles and drones, but had not confirmed damage to Ras Tanura or any resulting supply losses. The refinery can process around 550,000 barrels of crude per day, but that capacity does not equate to an equal loss of Saudi crude production. The unverified strike claim revived concerns about energy supply disruptions, despite recent diplomatic efforts to ease regional tensions. Oil prices had fallen nearly $2 the previous day. For crypto traders, the main relevance is the potential for higher energy costs and renewed geopolitical risk to weigh on risk appetite. The oil-price rally may also revive inflation concerns and influence expectations for interest rates and broader financial markets.

China’s state-backed investors reportedly bought up to 170 billion yuan ($25.5 billion) in domestic stocks in October, mainly through exchange-traded funds, as authorities sought to steady the market. The CSI 300 rose 0.9% on Wednesday, but Chinese equities have lost about $3.5 trillion in value since May, and the index has fallen more than 20% from its June peak. The intervention may ease short-term volatility, but analysts at Macquarie and Julius Baer say it cannot address weak corporate earnings or subdued domestic demand. Fixed-asset investment fell 7.2% year over year in the first nine months of 2026, while consumer spending and the property market remained fragile. Technology shares have also been hit. The STAR 50 index is down about 40% from its summer peak, amid concerns about valuations, profits, and competition. For traders, state support could offer a short-term lift to Chinese equities and sentiment across Asian markets, but a sustained recovery may depend on stronger economic data and earnings.

Bitcoin traders are watching the Federal Reserve’s rate decision and Chair Kevin Warsh’s comments for clues about the outlook for interest rates and inflation. Markets expect the Fed to hold its benchmark rate at 3.75%–4% at its Oct. 28 meeting. Investors will focus on whether at least three voting officials dissent in favor of a rate increase, how Warsh assesses easing financial conditions and falling Treasury yields, and what he says about persistent inflation. Inflation has exceeded expectations for two consecutive months, oil is near $100 a barrel and US diesel prices have reached record highs. A hawkish signal could raise expectations of future rate increases, support the US dollar and put pressure on Bitcoin and other risk assets. Ahead of the decision, Bitcoin traded at $81,411, up more than 2% in 24 hours. Ether, Solana and XRP also gained more than 2%. The Fed announcement and Warsh’s news conference could trigger short-term volatility in crypto markets.

Ethena Pay has launched Earn+, a feature offering users up to 12% yield on dollar deposits. Initially available to Pro and VIP users, Earn+ is expected to roll out to all Ethena Pay users over the coming days. Deposits will go to an Upshift vault curated by SteakhouseFi, which runs strategies through Aave V4 on Avalanche. The advertised yield may attract users and deposits, but actual returns and risks are not detailed in the announcement. Ethena Pay’s launch is a product update; its broader market impact will likely depend on adoption and how users assess the vault’s risks.

Casap, an AI-powered bank dispute and chargeback startup, has raised $56 million, according to Fortune. The funding will support its work tackling first-party fraud, in which customers make false claims about purchases they made. The article estimates this type of fraud costs the financial sector $100 billion a year and can account for 30–50% of fraud losses at some institutions. Founded in 2023 by former Robinhood and Chime employees, Casap says its platform can automate up to 80% of payment disputes. At Chartway Federal Credit Union, reported resolution times fell from three months to 12 days, while per-claim costs declined by about 90% and chargeback win rates rose 95%. The company previously raised an $8.5 million seed round and a $25 million Series A. Its latest reported $56 million raise is distinct from the roughly $33.5 million it had raised before this round. Casap says it serves about 45 financial institutions and recorded 642% year-over-year growth by mid-2026. The deal highlights investor interest in AI fraud prevention and financial-services infrastructure, but has no direct cryptocurrency-market impact.

Stellar Meridian 2026 opened in Lisbon on October 28, bringing institutional finance, payments and developer tools into focus. The two-day conference, hosted by the Stellar Development Foundation, runs through October 29 at Convento do Beato. Speakers include SDF chief Denelle Dixon, DTCC Digital Assets’ Nadine Chakar, SkyBridge’s Anthony Scaramucci, and representatives from US Bank and Fireblocks. Sessions cover tokenization, network scaling, block production speed and quantum readiness. Ahead of the event, the HackMeridian hackathon ran from October 25 to 26, offering up to $30,000 in XLM prizes. Developer passes cost $49 and general admission tickets $299. Previous Meridian events attracted more than 1,000 participants. Stellar Meridian 2026 puts the network’s institutional and payments use cases in the spotlight, but the article reports no new product launch or immediate market catalyst.

Bitcoin climbed from below $79,500 to $81,700 in the 24 hours before the Federal Reserve’s FOMC decision, but analyst Ali Martinez warned that the move could reverse. He said Bitcoin has often moved less than 1% in the first hour after past FOMC decisions, with a clearer trend emerging over the following 24 hours. Martinez cited several bearish signals: large holders reportedly reduced their balances by more than 8,160 BTC in 24 hours, worth about $664 million, while whales had taken more than $150 million in profits over several days. The Coinbase Premium Index also fell to a monthly low of -0.17, suggesting weak US buying pressure. Bitcoin is trading above support near $81,000. A decisive break below it could expose prices to $77,000 or, in a deeper decline, $67,000. On the upside, a move above $84,500 would weaken the bearish outlook and could open a path towards $92,000 and $104,000. Markets generally expect the Fed to leave interest rates unchanged. However, Chair Kevin Warsh’s remarks may influence Bitcoin’s direction, particularly amid persistent inflation and speculation about a possible rate hike later in the year. Traders will be watching the Fed decision, price levels and follow-through in buying or selling activity.

BetFury’s Birthday 007 campaign marks the crypto casino’s seventh anniversary with a guaranteed $2 million prize pool. The main event runs from October 30 to November 14, 2026, following a four-day announcement phase that began October 26. The promotions include a $100,000 birthday raffle paid entirely in BFG tokens, a $1 million progressive Birthday Battles pool and a $400,000 Grand Tournament. Other activities include rank-based Agent Missions, daily bonus spins, game prize drops, sports predictions and free FunFury battles. BetFury says the raffle will pay 300 winners, while its $10,000 prediction pool covers football, basketball and other sports.

Bitcoin mining technology company UE Crypto has raised $16 million in a strategic funding round led by CMT Digital to expand its artificial intelligence and high-performance computing business. The funding follows the September launch of UE Crypto AI, a division focused on applying the company’s expertise in energy, hardware and financial services to AI computing. UE Crypto plans to expand its AI cloud platform, grow its hardware trading business, invest in computing derivatives and market-making, and hire more staff. The company says its mining hardware brokerage has facilitated $1 billion in transactions, its energy division manages more than 75 megawatts of power load, and its AI cloud platform processed about 1.8 million workloads year to date as of September. The raise comes amid a broader shift by Bitcoin mining companies towards AI infrastructure as they seek revenue beyond cryptocurrency mining. Unlike operators focused on converting large mining sites into data centres, UE Crypto says it aims to serve both Bitcoin mining and AI computing through hardware, software, energy and financial services.

Binance co-founder Changpeng Zhao (CZ) said crypto could become AI’s “native currency” and hopes BNB Chain will support payments by AI agents. He also wants to bring computing-resource tokens to BNB Chain, but gave no timeline or launch details. The vision remains an ambition, not a live product. The comments came at a Nasdaq opening-bell ceremony for BNB Standard, formerly CEA Industries. The company says it holds more than 515,400 BNB, worth about $383.5 million, and plans to run a BNB Chain validator. The validator had not been publicly confirmed as live at the event. CZ said crypto payments are still cumbersome and advised startups to focus on underserved markets and remittance corridors rather than compete directly with major US payment services. For BNB, the prospect of AI-agent payments and broader network use could support long-term demand, but the lack of concrete plans limits any immediate catalyst. BNB Standard shares were near $5.36 and down almost 17% year to date, underscoring that the announcement had not yet produced a clear market boost.

BNY has added XRP and Ripple’s RLUSD stablecoin to its Digital Asset Custody platform, allowing eligible institutional clients to safeguard, hold and transfer the assets. The bank, which reported $63.4 trillion in assets under custody or administration as of September 30, already serves as RLUSD’s primary reserve custodian and has a separate custody relationship with Ripple Prime. BNY and Ripple plan to explore direct RLUSD minting and redemption for BNY clients, subject to bank and regulatory approvals. They are also examining tokenized investment products on the XRP Ledger and a C2FO-backed trade-finance initiative that could represent approved receivables on-chain. These remain proposed applications, with no launch dates announced. The expanded XRP and RLUSD custody support may strengthen institutional digital-asset infrastructure, but it does not indicate regulatory endorsement, confirmed token purchases or broad adoption. Traders should watch for approval details, client availability and transaction volumes. The announcement alone does not establish a near-term effect on XRP’s price or on-chain activity.

Robinhood reported record revenue of $1.42 billion, slightly below forecasts, while earnings per share of $0.51 also missed estimates. Crypto revenue rose 20% from the previous quarter to $120 million, although it remained well below the year-earlier level. On the earnings call, CEO Vlad Tenev said Robinhood Chain had outpaced expectations and the company would increase investment. His comments helped lift several tokens linked to the ecosystem. Crypto markets rose ahead of the Federal Reserve’s FOMC decision. Bitcoin ETFs recorded $176 million in net inflows, while spot Ether ETFs saw $60 million in outflows. Ripple received final approval from the US Office of the Comptroller of the Currency for a national trust bank, and Google previewed a crypto custody service for banks, with commercial availability targeted for 2027. Other developments included Robinhood adding Ripple’s RLUSD stablecoin and Circle piloting USDC settlement in Colombia’s instant-payments network. Meanwhile, 26 companies have objected to tokenized versions of their shares on an OKX-ICE venue, and Bithumb disclosed a data breach. The news points to growing institutional and onchain activity, but mixed ETF flows and regulatory and security concerns remain relevant risks for crypto traders.

Reports describe large Ethereum transfers to Kraken, though their figures and wallet histories differ. An earlier report said a long-term holder deposited 3,000 ETH, worth about $7.23 million, after acquiring it roughly nine years ago at around $18.83 per coin. A later report cited a 7,594 ETH deposit, worth about $17.79 million, from an investor reportedly inactive for a year who bought 200,000 ETH in Ethereum’s initial coin offering for about $62,000. The deposits may signal plans to sell, but neither confirms that a sale took place. Ethereum was trading near $2,340–$2,400 in the reports. The later update highlighted pressure from US spot Ethereum ETF withdrawals, including $60.2 million in net outflows on October 27 and about $1.26 billion in October outflows through October 26. In contrast, wallets holding 1,000–10,000 ETH reportedly accumulated around 40,000 ETH over the previous week. The earlier report also noted that the broader market was relatively flat and that the whale transfer was not proven to have caused ETH’s price movement. Traders are watching support around $2,310–$2,328, with a sustained break potentially exposing $2,256 and $2,204. The earlier report identified $2,350 as support and $2,500–$2,550 as resistance; the later update said reclaiming $2,362 and then $2,444–$2,453 could improve recovery prospects. A Federal Reserve meeting was also cited as a potential catalyst in the earlier report. With no confirmed sale, the transfers add a possible source of supply, while ETF outflows and large-wallet accumulation offer competing signals for Ethereum traders.

Investors who may struggle to access Anthropic’s planned IPO are turning to crypto derivatives for indirect exposure. OKX and Binance have launched perpetual contracts tied to the AI company’s valuation, while contracts on Hyperliquid’s EntropyIO platform briefly implied a valuation of about $1.88 trillion. Anthropic’s potential IPO valuation has been reported at up to $1.5 trillion. These contracts offer a way to trade expectations around the Anthropic IPO, but they do not represent direct ownership of the company. Traders should also weigh uncertainty over profitability, high AI investment costs and competition in the sector. The derivatives may be volatile and can be influenced by factors beyond Anthropic’s business prospects.