Crypto News

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.

The Federal Reserve is widely expected to keep its target interest rate at 3.75%–4.00% after its two-day policy meeting, but officials disagree over whether financial conditions are tight enough to bring down inflation. Some policymakers say rising Treasury yields have not offset strength in stocks, credit availability and business investment, leaving overall financial conditions too loose. Others favor waiting for more economic data before changing rates. Investors are watching for a possible rate increase at the Fed’s 8–9 December meeting. The debate over financial conditions and the Fed rate outlook could shape expectations for borrowing costs and risk assets, including cryptocurrencies.

SK Hynix reported record third-quarter 2026 revenue of 104.62 trillion won, up 328% year over year, and operating profit of 83.33 trillion won, up 632%. Net income rose 216% to 39.8 trillion won. The chipmaker plans to return about 100 trillion won ($75 billion) to shareholders in 2026, including cash dividends and share buybacks; it also approved a quarterly dividend of 20,000 won per share. SK Hynix said HBM and DRAM capacity is sold out through 2029, with HBM demand running at twice current supply, and expects the broader memory shortage to last through 2030. It plans to expand production of next-generation HBM4 chips. While the outlook underscores strong AI infrastructure demand, customers are scrutinising project profitability more closely. SK Hynix shares rose 9% to 11% in early trading. For crypto traders, the results may reinforce market attention to AI-related investment, but they do not directly change cryptocurrency supply, demand or fundamentals.

Spanish lawyer Miriam González Durántez has launched Democracia21, a new centrist party seeking votes in Spain’s upcoming general election. The party is focusing on constituencies in Madrid and Barcelona, where its appeal could affect support for the leading People’s Party (PP) and Spanish Socialist Workers’ Party (PSOE). Democracia21’s ability to draw centrist voters remains uncertain. The article says prediction-market pricing currently favors the PP, while the election race remains competitive. The party’s impact will depend on whether it gains traction in polling and during the campaign.

A New York Times poll shows Democrat Peggy Flanagan leading Republican Michele Tafoya by 14 points in Minnesota’s open US Senate race. Flanagan has 54% support, compared with Tafoya’s 40%. The result is a wider margin than in earlier nonpartisan polls, which had shown Flanagan ahead by only a few points. The seat is open after Democratic Senator Tina Smith decided not to seek re-election. A Polymarket contract listed the probability of a Democratic victory at about 89.5%. For traders, the poll may strengthen confidence in that outcome, but further polling and campaign developments could shift prediction-market pricing.

Bitcoin climbed back above $81,000 as a rally in Asian chip stocks lifted risk appetite. South Korea’s Kospi rose 6.6%, while SK Hynix gained about 11% after reporting a sevenfold increase in profit. Ether also advanced, and Pepe rose 9.4% after Arkham Intelligence reported that wallets linked to Tron founder Justin Sun hold about $51 million in PEPE. Bitcoin’s recovery was supported by a second consecutive day of inflows into U.S. spot Bitcoin ETFs, which added $176 million on Tuesday. However, derivatives data showed only a modest rise in open interest, suggesting the price move was not driven by a large increase in leveraged positions. Liquidations rose 38% to $183.6 million. Traders were watching the Federal Reserve’s rate decision and Chair Kevin Warsh’s comments for clues on future policy. The overall picture was positive for Bitcoin in the short term, but upcoming macroeconomic signals could still drive volatility.

Toobit has introduced a separate isolated margin mode for futures trading, allowing traders to hold multiple positions in the same direction on one trading pair. Each opening order creates an independent position with its own margin, liquidation price, and take-profit or stop-loss settings. The new Toobit isolated margin feature lets traders manage staggered entries, different exposure levels, and separate exit plans without merging positions. Liquidation of one position does not automatically affect the others. The launch comes amid high derivatives activity: the article reports $3.40 trillion in derivatives volume in August, or 79.3% of combined spot and derivatives trading, and $73.35 billion in derivatives liquidations during the first half of 2026.

Meta AI has outlined a highly speculative scenario in which Sui (SUI) could reach $28–$50, with a stretch target above $75, by 1 January 2027. The scenario depends on major enterprise technology and data companies adopting Sui’s object-centric blockchain for real-world asset (RWA) tokenization and enterprise data coordination. The article stresses that this is an unlikely hypothetical, not a base-case forecast or confirmed adoption plan. SUI was consolidating around $0.92–$0.95, with support near $0.90–$0.92 and $0.85–$0.88, and resistance around $1.00–$1.10. A sustained move above $1.30–$1.50 would signal stronger intermediate momentum, according to the article. A broader crypto bull market, easier central-bank policy, institutional inflows and growth in RWA tokenization could support SUI, but the proposed price targets would require exceptional adoption and favorable market conditions.

Bitcoin recovered to about $81,000 on October 28, but market-cycle analyst Bob Loukas warned that the BTC rebound could stall unless buying momentum strengthens. He has flagged $79,600 as a level that would make him more cautious; Bitcoin briefly dipped below it before recovering. Analyst forecasts diverge. Coinbase sees $80,000–$82,000 as a key support zone and says a sustained break could raise the risk of a retest at $73,000–$75,000. Real Vision analyst Jamie Coutts, meanwhile, said a break above $85,000–$86,000 could open a path toward $100,000. Coinbase also highlighted potential selling pressure from roughly 2.1 million BTC last moved at $87,500–$91,700. Coinbase reported that Bitcoin ETFs attracted about $6.4 billion since August, while corporate treasury purchases totalled $1.5 billion. Traders are watching whether BTC can reclaim $82,000 and then clear resistance, or instead lose support near $79,600. The Federal Reserve’s October 28 decision adds uncertainty for risk assets.

Hong Kong Fintech Week 2026 will take place from 2 to 6 November under the theme “Fintech Hub: Connecting the World, Building the Future”. The event will be held jointly with StartmeupHK Festival, with its main forum scheduled for 2–3 November at the Hong Kong Convention and Exhibition Centre. The announcement followed the sixth meeting of Hong Kong’s Fintech Taskforce, chaired by Financial Secretary Christopher Hui. Officials discussed proposed rules for virtual-asset trading, custody, advisory and management services. The Hong Kong Monetary Authority also briefed the group on Project Ensemble and quantum readiness in the banking sector. Hong Kong Fintech Week will bring these financial technology and regulatory developments into focus.

GMO Group refused to pay a cryptocurrency ransom after unauthorized access to its cloud desktop service potentially affected 26,739 servers. The attackers initially demanded $50 million in BTC and ETH, later reducing the amount to $1 million. They also threatened abnormal transactions in affected accounts and the release of user data. GMO Group representative Masatoshi Kumagai said the company would not compromise. GMO Coin, the group’s crypto exchange, reported no unusual activity in customer accounts. The attackers published some data and threatened daily updates, but the website hosting the leaked information was shut down on October 28. The GMO Group cyberattack has not, according to the report, resulted in abnormal activity at its exchange.

Bitcoin (BTC) rebounded to about $81,400 after briefly falling below $80,000, while Ether (ETH) also rose as markets awaited the Federal Reserve’s rate decision. CME FedWatch showed a roughly 92% chance that rates would remain unchanged. Traders are watching Chair Kevin Warsh’s press conference for clues about the possibility of future rate hikes. US spot Bitcoin ETFs recorded $176 million in net inflows on Tuesday, marking a second consecutive day of inflows. Crypto futures trading volume rose 7.5% to $163.2 billion over 24 hours, while open interest increased just 1.3%. Liquidations climbed 38% to $183.6 million. BTC gained 2.3% even as its open interest edged down 0.1%, suggesting the rebound was not driven by a major build-up in leverage. ETH rose 2.7%, with open interest up 1.7%. ZEC open interest jumped 14%, outpacing its 6.3% price gain. Deribit data showed the one-week BTC put-call skew fell from nearly 10% a week earlier to below 1%, indicating weaker demand for near-term downside protection. However, one-, three- and six-month options remained tilted toward puts. The signals are mixed as traders weigh ETF inflows, derivatives positioning and the Fed outlook.

Circle reportedly minted about $4 billion in USDC on Solana over seven days, including a reported $750 million in the latest 24-hour period. The issuance adds to on-chain USDC supply, but it is unclear whether the tokens have entered circulation or moved to exchanges; mints can also serve operational or treasury needs. The USDC mint on Solana could point to demand and potential liquidity, but it does not confirm new buying pressure or predict a rise in SOL. Traders can monitor circulating supply, on-chain transfers, exchange balances and Solana network activity, alongside broader market conditions.

Bitcoin climbed about 2% to above $81,000 in Wednesday’s Asian trading, recovering from a weekend dip near $79,000 and Monday’s move below $80,000. Major cryptocurrencies also advanced ahead of the Federal Reserve’s rate decision. HYPE rose nearly 6%, ZEC gained 5%, DOGE added 4%, and BNB and SOL each climbed about 3%; ETH, XRP and TRX also rose. Earlier trading saw ZEC up as much as 8% and HYPE nearly 5%. Traders are watching Fed Chair Kevin Warsh’s press conference for clues about a possible December rate hike. Higher interest rates can pressure Bitcoin and other risk assets by raising borrowing costs. Galaxy Research head Alex Thorn said Bitcoin’s bear market likely ended in June, when it fell below $58,000, citing its move above the 50-week moving average and lighter selling pressure. He described the current phase as accumulation, though Bitcoin has struggled to hold above $80,000. A daily close above $82,500 could signal stronger recovery momentum; Fed guidance remains a key near-term catalyst for Bitcoin and the wider crypto market.

SkyAI has raised its proposed cash tender offer to about $214.3 million after reaching a settlement with major shareholder Bastion Trading. The revised offer includes all eligible pre-funded warrants and adds cash stapled warrants, while the common-share tender price remains $3.00. The deadline is now November 12. Bastion agreed to tender its SkyAI securities and observe a three-year standstill, ending a dispute over the offer price. SkyAI said it sold roughly 2 million SOL at an average net price of $107.20 per token and now holds about $223 million in cash. The company does not plan to buy Solana again after the tender closes. SkyAI shares closed at $2.91 on October 27, below the $3.00 tender price. The expanded SkyAI tender offer is a corporate transaction rather than a direct change to Solana’s network or token fundamentals, though the completed treasury sale removes a company-held source of SOL demand.

US Treasury Secretary Scott Bessent said at Ripple’s Swell conference that dollar stablecoins could extend the dollar’s global reach and increase demand for US government debt. He linked stablecoins, AI and semiconductors to US competition with China over technology and financial infrastructure, and said dollar-based tokens can give emerging-market users access to dollars outside traditional banks. More than 90% of stablecoins are dollar-denominated. The later report added estimates of the market’s potential financial impact. Stablecoins are valued at about $300 billion, with Tether and Circle together accounting for around 90% of the market and holding an estimated $170 billion to $220 billion in Treasuries and related assets. Issuers reportedly bought about $40 billion in short-term Treasury bills in 2024. A Standard Chartered forecast cited in the article projects a $2 trillion stablecoin market by 2028, potentially generating about $1 trillion in additional short-term Treasury demand. Under the GENIUS Act, payment stablecoin issuers must hold reserves that include cash and qualifying US Treasuries. Bessent also said the Treasury could work with the SEC and CFTC on crypto safeguards, including protections against firms losing access to banking. The broader CLARITY Act did not pass, and agency rules may be less durable than legislation. The outlook for stablecoin adoption and Treasury demand is positive, but large redemptions could force asset sales and heighten market stress. Regulatory durability and reserve liquidity remain key factors for traders.

Ripple and Robinhood have announced a strategic partnership covering RLUSD, treasury management and institutional financing. The deal goes beyond a potential retail token listing: Robinhood plans to use RLUSD on the XRP Ledger for institutional settlement, while integrating Ripple Treasury for cash positioning, forecasting, payments, liquidity management and intercompany netting. RLUSD is available on Robinhood Chain and Bitstamp by Robinhood, but its launch in the main Robinhood app is expected later in 2026. Ripple Prime already provides Bitstamp with financing across about 20 digital assets, with perpetual-futures support planned later this year. The partnership could connect stablecoin settlement, corporate treasury tools and institutional trading services. However, the announcement does not confirm increased XRP demand, specific revenue or broad customer access. Traders should watch for the app rollout, implementation details and evidence of actual transaction volume before treating the deal as a sign of adoption or a price catalyst.

Bitcoin came under renewed pressure, briefly falling to about $79,280 before recovering above $80,000. The move followed an earlier drop to around $81,000 and rebound to $83,635. In the later sell-off, crypto markets recorded $436.44 million in liquidations over four hours, including $404.15 million in long positions. More than 90% of liquidations in Bitcoin and Ether were longs. Earlier figures showed $820.84 million in liquidations over 24 hours, with longs accounting for $689.11 million; Bitcoin and Ether led losses, and Binance represented 50.6% of the total. A subsequent short squeeze may have supported the rebound, but liquidations alone do not confirm a market bottom. Bitcoin ETF flows were mixed. U.S. spot Bitcoin ETFs saw about $679 million in outflows from October 5 to 9, followed by another $65.40 million on October 12. Later, they recorded $773 million in combined outflows on Thursday and Friday, while still ending that week with $304.73 million in net inflows. The withdrawals coincided with price weakness but do not prove its cause. BitMEX co-founder Arthur Hayes said he had closed Maelstrom’s directional trading book and taken profits on some tokens, citing macroeconomic and geopolitical uncertainty. For Bitcoin traders, the immediate test is whether BTC can hold above $80,000. Derivatives open interest, ETF flows, and upcoming U.S. inflation data may help gauge whether selling pressure is easing. Earlier technical levels put support at $80,660, with $74,340 as a lower level to watch, and resistance at $84,000 and $87,145. The sharp Bitcoin long liquidations highlight near-term leverage risk, but do not by themselves establish a lasting trend reversal.

Faroo, Pharos’ native liquid staking protocol, has launched stPROS, a liquid staking token for PROS holders. Users can stake PROS through Binance Web3 Wallet and OKX Web3 Wallet, while stPROS remains transferable and usable in decentralised finance (DeFi). Its exchange-rate model keeps token balances fixed as the amount of redeemable PROS grows with staking rewards. Faroo also offers fast withdrawals when new deposits can cover pending requests. The project was selected as the first initiative in Pharos’ $10 million incubation programme and is built using Bifrost’s SLPx technology. Faroo plans to launch tbPROS, a real-world asset yield product, and Faroo Points by late November 2026. The stPROS launch expands Pharos’ staking and DeFi infrastructure, though its market impact will depend on adoption and demand for PROS.

The UK Financial Conduct Authority (FCA) has opened consultations on how its forthcoming cryptoasset regime will apply to decentralised finance (DeFi) and which activities may be exempt from authorisation. The regime is scheduled to take effect on October 25, 2027. The proposed DeFi guidance says using smart contracts or decentralised protocols does not automatically put a service outside regulation. Regulated firms may remain responsible for operational resilience and financial crime controls when relying on external blockchains, protocols or infrastructure. The FCA says firms should assess risks including smart contract exploits, network outages and limited counterparty visibility, and may need stronger due diligence, transaction monitoring and blockchain analytics. A separate consultation considers possible authorisation exemptions for some stablecoin payment arrangements, proprietary trading and technical services that only enable access to other services or protocols. Responses to both consultations are due by November 18, with final DeFi guidance expected in January 2027. Existing UK crypto businesses are scheduled to apply for authorisation from September 30, 2026, to February 28, 2027; eligible applicants may continue covered services while applications are assessed, but approval is not guaranteed. For crypto traders, the proposals signal closer scrutiny of UK-facing DeFi businesses and greater clarity on regulatory boundaries. They do not impose a direct market-wide restriction or establish a direct price catalyst for cryptoassets.

Mirae Asset Securities’ Hong Kong subsidiary has issued six-month, floating-rate tokenized notes on Solana in a private offering to eligible professional investors. The notes fall under the firm’s $3 billion structured note programme; that figure is the programme’s overall size, not the value of this issuance, which was not disclosed. Singapore-based Marketnode acted as authorised distributor, while Mirae Asset managed issuance, payments and the notes’ lifecycle using its digital infrastructure. The notes have not been approved or registered by Hong Kong’s Securities and Futures Commission. The Solana tokenized notes add to institutional experiments with blockchain-based real-world assets, but the private placement, undisclosed deal size and lack of direct market access limit the immediate implications for SOL trading.

An analysis of investment returns from 1971 to 2025 found that a portfolio combining U.S. equities with a 20%–30% gold allocation achieved better risk-adjusted returns without sacrificing overall returns. Treasuries reduced volatility but generally lowered returns, and the study found no consistently optimal bond allocation. In portfolios holding equities, bonds and gold, an allocation of about 20% to gold performed well across a wide range of equity weightings, while bonds could be adjusted to manage risk. The findings are partly influenced by the early 1970s, and the analysis found no reliable way to time either gold or bonds. It suggests periodically rebalancing, or rebalancing when allocations drift substantially from their targets. The historical results do not guarantee future performance and do not directly imply a specific move in cryptocurrency markets.

Bitget, Reality and Keyring have published a report examining an on-chain stock basis strategy that combines tokenized stocks, perpetual futures and decentralized lending. The partners plan to develop a stock basis index using Reality’s rTokens, with Keyring responsible for the index methodology and related lending market. A historical simulation covering 15 December 2025 to 19 October 2026 showed annualized net returns of about 7% in-sample and 4% out-of-sample. The reported gross funding-rate premium was approximately 11%–14%. The report cautions that financing costs, execution fees, liquidity and risk management could significantly affect actual returns. The proposed on-chain stock basis strategy aims to capture funding-rate and basis opportunities by pairing rToken holdings with hedged equity perpetual positions.

A DBS-commissioned EY survey found that 88% of 422 large-company finance leaders across 11 markets said their firms are using or testing tokenized money. All represented companies generate more than $500 million in annual revenue. Adoption ranges from scaled deployments (24%) and limited live use (43%) to pilots or proofs of concept (21%). Stablecoins are the most widely used or planned instrument (63%), ahead of tokenized deposits (53%) and tokenized money market funds (52%). Some 71% of respondents said real-time cross-border payments have improved or are expected to improve within two years, while respondents also see potential benefits for treasury liquidity management. A reported DBS-Citi weekend dollar transfer settled in minutes, illustrating the use case. Regulatory uncertainty, security concerns and integration challenges remain barriers, and 64% want banks to offer a single access point to tokenized money services. The findings point to growing corporate interest in tokenized money, but do not identify a direct price catalyst for any specific cryptocurrency.

Binance Wallet has announced that each user can subscribe for up to 6 BNB in the Predict.fun (PREDICT) Prime Sale Pre-TGE event. The sale is scheduled for October 29, from 16:00 to 18:00 Beijing time, and eligible participants must use Binance Alpha Points to take part. After the Pre-TGE period ends, participants will receive a PREDICT Key on BNB Chain. PREDICT tokens are scheduled to be airdropped to users’ Binance Alpha accounts on the token generation event (TGE) day. The 6 BNB cap sets a clear limit for individual participation in the PREDICT Prime Sale.