Crypto News

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

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

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

SK Hynix reported record third-quarter revenue of 104.6 trillion won, up 328% year on year, and operating profit of 83.3 trillion won, up 632%. Its 80% operating margin exceeded expectations, although net income fell 58% from the previous quarter to 39.8 trillion won, partly due to currency and investment valuation losses. The chipmaker says DRAM and high-bandwidth memory (HBM) capacity is effectively sold out through 2029, with demand for HBM more than twice current supply. Long-term agreements with 14 major customers cover over half of planned production in 2027 and 2028. SK Hynix expects AI infrastructure demand to offset weaker PC and smartphone sales, and forecasts supply shortages could persist into 2030. The results helped lift South Korea’s KOSPI by 6.6%, with SK Hynix shares up 11% and Samsung Electronics up 9%. SK Hynix also announced 34 trillion won in third-quarter dividends and share buybacks, and expects shareholder returns of about 100 trillion won this year. Bitcoin briefly rose to around $81,700 as risk appetite improved, but its gain was modest compared with semiconductor stocks. For crypto traders, SK Hynix’s results reinforce the strength of AI infrastructure investment, while competition for memory, advanced packaging and electricity could raise costs for miners. The news is only a limited risk-on signal and does not directly indicate a change in crypto demand or market liquidity.

Solana is faster and has outperformed Ethereum over the past six months, but Ethereum remains the larger and deeper market. Multicoin Capital co-founder Kyle Samani predicts SOL will surpass ETH in market value this cycle, arguing that Ethereum’s lead is largely supported by its stablecoin base. The valuation gap remains substantial: as of Oct. 24, Ethereum’s market capitalisation was about $288 billion, compared with Solana’s $60 billion. Ethereum also had roughly $49 billion in total value locked and $144 billion in stablecoins, versus Solana’s $6 billion and $16 billion. Solana led 30-day fee revenue at about $26 million, ahead of Ethereum’s $17 million. Both cryptocurrencies are trading below their 50-day moving averages, with bearish momentum indicators. ETH is near $2,350 and remains just above its 200-day average around $2,320. SOL is near $102, holding above its 200-day average around $98. SOL’s key support is near $97.45; a break could expose the $78 area. Ethereum’s next support levels are around $1,940 and $1,850. For traders, reclaiming the 50-day averages would ease selling pressure. A close below the 200-day averages would worsen the outlook, with Solana facing the larger potential downside gap. The article suggests Ethereum currently has the steadier technical floor, while neither asset has confirmed a recovery.

Middle East tensions remain high despite a pause in direct US-Iran strikes, according to the article. It reports intensified Houthi attacks on Saudi oil infrastructure and a record number of very large crude carrier (VLCC) attacks and maritime incidents in the Strait of Hormuz in October, raising concerns about oil supply chains. US military deployments and increased Patriot missile shipments to Israel are cited as signs that hostilities could resume after the US midterm elections. A renewed conflict could disrupt energy supplies, damage regional infrastructure and heighten global recession risks. The article also warns that depleted US reserves and low European gas stocks could leave energy markets more vulnerable. For traders, the key risks are a geopolitical risk premium in oil and broader volatility across risk assets, including cryptocurrencies.

The Federal Reserve kept interest rates at 3.75%–4.0%, as expected, and major US stock indexes ended modestly higher. The Dow rose 0.19%, the Nasdaq gained 0.28% and the S&P 500 added 0.27%. The muted response to the Fed rate decision came despite two FOMC members voting for a 25-basis-point increase. CME FedWatch put the probability of a December hike at 82.6%, up from 78.3% the previous day. Oil also rose, with WTI crude up 2.51% to $102.44 a barrel amid escalating Middle East tensions, but stocks showed little reaction. Oracle climbed 10.7% after forecasting at least $225 billion in fiscal 2030 revenue and limiting planned capital-market funding to $20 billion through 2030. Wendy’s gained nearly 15% after a reported $1.4 billion proposal to take the company private. After the close, Ford fell 2.6% after missing earnings expectations. Microsoft rose nearly 4% after beating estimates, while Alphabet dropped 9.4% as stronger revenue was offset by a sharp decline in cash flow. Overall, the calm response to the Fed rate decision suggests traders had largely priced in the unchanged rates, while December rate expectations remain a key market focus.

Onchain Lens reported that wallets associated with BlackRock’s IBIT Bitcoin ETF bought a total of 3,441.176 BTC from Coinbase Prime. The purchase was valued at about $276.7 million. The reported transaction highlights activity involving a major spot Bitcoin ETF, although the data alone does not confirm net investor inflows or indicate what prompted the purchase.

CVNA rose 11.0% in one hour and 10.0% over 24 hours, reaching 65.15 USDT, according to MSX.COM data cited by Odaily. The report provides no explanation for the move. CVNA is the ticker reported; the article does not identify it as a cryptocurrency.

Alphabet reaffirmed its fiscal 2026 capital expenditure guidance of $195 billion to $205 billion, maintaining the range it raised in July. The plan is aimed largely at AI infrastructure: about 60% is allocated to servers and AI accelerators, with the rest for data centres and networking. Spending is rising alongside rapid Google Cloud growth. Q3 cloud revenue increased 103% year over year to $30.71 billion, and its backlog exceeded $500 billion. But free cash flow was negative for a second consecutive quarter, with a $9.07 billion outflow in Q3. Alphabet’s AI capex reflects strong demand for computing capacity, while raising questions about returns on investment and when cash flow will recover.

Google’s Anthropic TPU deal will give the AI company access to about 3.5 gigawatts of next-generation TPU capacity from 2027. Broadcom will co-design and supply future TPUs, networking and rack components for Google through 2031. A $63 billion financing package, Project North Star, is intended to fund Anthropic’s TPU purchases. Anthropic’s S-1 filing projects more than $114 billion in spending with Google and lists $417 billion in total future compute commitments. The company reported an annualised revenue run-rate above $30 billion in April 2026, up from about $9 billion at the end of 2025. The Google-Anthropic TPU deal strengthens Google’s position as an external AI-compute supplier and gives Broadcom long-term business visibility. For traders, it highlights the scale of AI infrastructure investment, but does not directly change cryptocurrency supply, demand or market structure.

Flare has joined the XRP Ledger Foundation’s recommended validator list, while Anodos Finance asked to be removed as it prepares to shut down its validator by the end of October. The foundation and Ripple each publish 35 validator keys; a comparison found the lists identical at the time of reporting, including Flare’s validator domain. The XRP Ledger validator list helps server operators decide which validators’ votes to trust during consensus. Operators control their own trusted lists, and the foundation’s recommendation does not itself validate transactions or provide a reward to Flare. Flare’s existing XRP-related DeFi services include FXRP, a representation of XRP, and a route for using FXRP as collateral to borrow RLUSD. The foundation said the membership changes reflect Flare’s ecosystem participation and Anodos’ planned retirement. No payment, grant or new product launch was announced alongside the changes.

Ethereum developers have postponed the Glamsterdam upgrade on the Hoodi testnet, which was scheduled for October 26, while they investigate how EIP-8037 interacts with existing smart contracts. The Ethereum Foundation said on October 22 that no replacement activation date has been set and no confirmed exploit or failure has been identified. The change removes the planned Amsterdam execution-layer and Gloas consensus-layer activations from Hoodi’s schedule, as well as a planned increase in the testnet gas limit to 200 million. Hoodi operators should follow updated execution- and consensus-client instructions. The Foundation said Ethereum mainnet users do not need to take action. The Glamsterdam delay is a testnet readiness measure, not a mainnet rollback or a confirmed change to network performance. Its immediate impact on ETH trading is likely limited, though traders may watch for findings from the EIP-8037 investigation, client updates and a revised Hoodi schedule.

SK hynix’s third-quarter results beat expectations, with revenue rising 32% quarter on quarter and 328% year on year. Strong demand and tight supply lifted DRAM and NAND prices; the later analysis reports average selling prices up more than 20% quarter on quarter and gross margin at 86%. EBITDA margin reached a record 84%, while operating income exceeded estimates. The outlook remains strong as AI demand supports memory pricing and planned capacity expansion. Long-term agreements reportedly cover about half of planned 2027–2028 capacity, with some HBM and DRAM output potentially committed through 2029. Management expects DRAM demand to grow at a mid-20% rate and NAND at a high-teens rate through 2027. SK hynix is increasing capital spending to expand DRAM and NAND production, while competition from China’s CXMT and labour pressures remain risks. The analyses cite strong cash flow and long-term contracts as potential buffers against memory-market cyclicality, and present positive valuation views, including a reported 73% forward P/E discount to the broader IT sector. For crypto traders, this is not a direct token catalyst: it may inform sentiment around AI infrastructure and semiconductor-linked risk appetite, but no cryptocurrency price impact is established. Watch AI memory demand, pricing, capacity investment and supply agreements.

Google says its visual search tools now handle more than 50 billion searches a month, as users increasingly search with images, video and voice rather than text. The figure covers Google’s visual search experience overall, not just Google Lens. Google Lens recorded 3 billion monthly searches in 2021 and 12 billion in 2023. Forecasts for Lens alone are estimates, not confirmed results. Google says about 20% of Lens visual searches show commercial intent, creating potential opportunities for shopping ads. Its Shopping Graph contains more than 50 billion product listings. The growth reflects Google’s investment in AI and multimodal search. For Alphabet, visual search could broaden its advertising and shopping business, but the commercial value depends on how effectively it monetizes these queries. Investors will be watching AI Mode usage and whether purchase intent rises. The news is relevant to technology and advertising markets, with no direct cryptocurrency catalyst.

Ethereum (ETH) rebounded after briefly falling below $2,300 and was trading near $2,350. Analysts say a move above the key $2,400 resistance could open the way towards $2,440, though a bullish breakout is not yet confirmed. One analyst forecast a short-term rise to $3,600. Persistent selling may limit the Ethereum recovery. A wallet linked to the Ethereum Foundation sold 2,785 ETH for about $6.42 million, while another Foundation-linked investor sold 7,594 ETH, worth roughly $17.8 million. A long-dormant early investor also sold 1,500 ETH and reportedly still holds 48,500 ETH. BitMEX co-founder Arthur Hayes sold 6,400 ETH, part of about $22.28 million in altcoins sold earlier this month. For traders, $2,400 is the near-term level to watch. Continued large-holder sales could weigh on sentiment and make the rebound harder to sustain.

Upwind Security raised $400 million in a Series C round led by Bessemer Venture Partners, valuing the cloud and AI security startup at $3.8 billion. That is about 2.5 times its January valuation of $1.5 billion. Canapi Ventures joined the round, while existing investors also participated. Upwind Security said revenue quadrupled in 2026, but did not disclose figures. The company plans to use the funding to expand product and engineering teams and develop AI-focused security tools, including endpoint sensors and scanners for AI agents. It also aims to expand into identity, data and AI security. Founded in 2022, Upwind says it has raised more than $800 million and serves hundreds of organizations. Its platform monitors cloud workloads, APIs and AI agents as they operate, across major providers including AWS, Azure, Google Cloud and Oracle Cloud.

The Euro Stoxx 50 rose above 6,200 points to 6,203, gaining 0.6% over 24 hours, according to Gate data. The move reflects a modest advance in the European equity benchmark. The report did not identify a specific catalyst, and it provided no direct information about cryptocurrency prices or trading.

US Treasury Secretary Scott Bessent said Operation Economic Outcast, a campaign targeting Iran’s economic networks, is succeeding. Launched on August 24, 2026, the effort aims to disrupt Iranian oil exports, its shadow fleet and financial channels. The Treasury has recently sanctioned vessels and entities linked to Iran, saying the measures are constraining the country’s revenue. The statement could add to geopolitical uncertainty, but the article cites no direct effect on cryptocurrency prices or trading. It also reports that prediction-market odds of Iranian President Masoud Pezeshkian leaving office by year-end were about 7.5%. Traders may watch for further sanctions, Iranian responses and shifts in regional tensions, which could affect broader risk sentiment and oil markets.

Microsoft reported $10 billion in revenue from its commercial agreements with OpenAI in fiscal Q1 2027, the quarter ended September 30. The figure was up from the $7.5 billion to $7.6 billion recorded in earlier quarters. Microsoft’s total revenue rose 19% year over year to $92.3 billion, while Microsoft Cloud revenue grew 30% to $63.9 billion. The results reflect payments under the partnership’s previous terms. A new agreement, signed after the quarter closed, includes an additional $250 billion commitment by OpenAI to buy Azure services. Microsoft’s commercial remaining performance obligations reached $677 billion, with OpenAI a major driver. Microsoft also holds an approximately 27% stake in OpenAI’s for-profit entity, valued at about $135 billion.

The US Federal Reserve kept interest rates unchanged after September’s first hike since mid-2023. Two of the 12 policymakers dissented, voting to raise the benchmark rate to 4%-4.25%. Fed Chair Kevin Warsh cited resilient economic activity and said inflation remains above the committee’s goal, while stressing that policy decisions are not tied to a specific date and that politics played no role. Bitcoin fluctuated between about $79,500 and $81,700 around the meeting, then rebounded above $81,000 after Warsh’s press conference. The Fed’s pause offered near-term support to Bitcoin, but persistent inflation and the possibility of another rate increase could keep crypto markets volatile.

The Federal Reserve held its benchmark interest rate at 3.75% to 4% in a 10-2 vote. Governors Lisa Cook and Beth Hammack dissented, favoring a 0.25 percentage-point increase. The Fed described economic activity as strong and said it would assess incoming data. Markets are watching for the possibility of a December rate hike, with inflation, oil prices and Treasury yields among the factors shaping expectations. Bitcoin briefly climbed to about $81,700 after the decision, then fell below $80,500 before recovering towards $81,000. The move was limited overall, as traders had largely expected rates to remain unchanged. Bitcoin is still below the $81,000-$82,500 resistance range, while $80,000 is a key near-term support level. A break below it could add to selling pressure. Spot Bitcoin ETFs recorded net inflows of $110 million on October 26 and $176 million on October 27, though some large holders reportedly sold into strength. Higher Treasury yields can make non-yielding assets such as Bitcoin less attractive, and leveraged trading may amplify price swings around economic data. Traders are also tracking US jobs and inflation reports ahead of the Fed’s December 8-9 meeting. Separately, the crypto industry reportedly spent about $176 million across more than 100 US midterm races, with Fairshake leading the effort; the election is scheduled for November 3.

Bitcoin search interest reportedly fell to a five-year low as BTC traded near $81,000, renewing questions about retail participation. Google Trends recorded a worldwide score of 20 for the week of October 18–24, but Google cautions that the index measures relative search interest, not actual search volume or investor sentiment. Robinhood reported third-quarter crypto revenue of $120 million, down 55% year over year. Crypto trading volume fell 38% year over year to about $50 billion, though it rose 23% from the previous quarter. The results cover the quarter ended September 30 and therefore do not directly measure activity during the later search-interest decline. Other indicators offer a mixed picture. CryptoQuant analyst Darkfost said retail-sized Bitcoin deposits to Binance reached a six-month high, with 30-day cumulative inflows increasing from about $5.5 billion to $10.75 billion. Galaxy Research, meanwhile, could not attribute ownership for roughly 11.1 million BTC, or 55% of supply, so the data do not establish how many coins belong to retail investors. Taken together, the figures point to weaker public attention but do not confirm a broad retail exit. Search data, exchange deposits and company earnings measure different activity and should not be treated as direct measures of Bitcoin demand.

Samsung and the Solana Foundation plan to launch cross-border USDC transfers on Solana through Samsung Wallet in the final week of October 2026. The initial programme could reach users across 82 million US Galaxy devices, with fiat on- and off-ramps designed to convert funds to and from local currencies. The Samsung Wallet Solana USDC feature is planned, not confirmed as available on every eligible device or in every country. The announcement provides no transfer volumes, fees or confirmed adoption figures; expansion will depend on local regulations. For SOL traders, the integration could support Solana’s stablecoin payments narrative, but its market impact will depend on supported remittance corridors, conversion partners and actual transaction activity.

An Ipsos survey found that 22% of U.S. adults have ever owned or used cryptocurrency, up from 18% in 2025. However, active crypto use in the past year remained at 13%, while the share likely to use it in the future edged up only slightly, from 16% to 17%. The growth in past ownership largely reflects people who have since stopped using crypto, indicating that broader exposure has not yet led to sustained adoption. Trust and familiarity remain obstacles to crypto adoption. Only 4% said they highly trust crypto exchanges, and just 5% expressed high trust in decentralized platforms, compared with 42% for large banks and 48% for credit unions. Only 9% felt highly familiar with crypto, and 2% were very familiar with decentralized finance (DeFi). Still, 40% said they might try DeFi, including for saving, earning interest or sending money. The survey also found that 63% believe the financial system needs an upgrade to address risks such as cybercrime and AI, and 74% value financial privacy. Yet support for candidates promoting financial innovation fell from 35% when described broadly to 13% when crypto, blockchain and DeFi were specified. For traders, the findings suggest potential for future user growth, but weak retention and low confidence in crypto platforms remain headwinds. Active-use rates, future-user intent and trust are key indicators to monitor.

An attacker drained about $1.01 million in USDC from an Avalanche lending vault on 27 October using a flash loan to inflate tranche shares. Security firm Blockaid said the vault was related to Valinor Digital and Fence, but neither had commented. The operator, number of affected depositors and prospects for recovering funds remain unclear. The exploit adds to concerns about Avalanche security, though the loss is limited in size. AVAX traded near $8.86 and has fallen about 19% over the past month. It is below its 50-day and 200-day moving averages, with support near $8.26; a break could expose $7.04. AVAX needs to reclaim the 200-day average and resistance near $9.76 to improve its chart outlook. LINK traded near $11.55, down about 18% over the past month. It remains above its 200-day average near $11 and support around $10.91, making its technical setup stronger than AVAX’s. A close below that support zone could open a move toward $9.75. Both tokens face weak momentum, so traders are watching whether support holds.

Credo Technology Group (CRDO) is expanding beyond its existing connectivity business with optical cables, open optical standards and memory connectivity chips. The article forecasts 55% annual revenue growth over the next three years, with opportunities extending beyond fiscal 2028. However, Credo faces significant risks: its two largest customers generate 71% of revenue, leaving sales exposed to uneven data-centre spending and a potential slowdown in Amazon’s infrastructure investment. Building inventory ahead of an optics production ramp could also weaken cash conversion, while expectations of higher interest rates add pressure. CRDO trades at about 20.19 times forward earnings, near multi-year valuation lows, but falling earnings forecasts make the discount less compelling. The article also points to possible technical weakness, citing resistance and bearish engulfing patterns on the weekly chart. Its overall view is that Credo is not yet an attractive buy.

Axios reports that potential US strikes against Iran after the US midterm elections could target the country’s leadership. The report provides no further details on timing, scope or official confirmation. Any escalation in US-Iran tensions could raise geopolitical risk and affect global markets, including crypto.

Trezor software product lead Denis Rojčyk says AI agents may prepare crypto transactions but should not sign or execute them autonomously. Speaking at TOKEN2049 on October 7–8, 2026, he argued that users should approve every transaction with a hardware wallet. Trezor devices currently require manual approval and do not support autonomous AI signing. The approach differs from MetaMask’s Agent Wallet, which allows agents to act within rules set in advance, without hardware confirmation for every transaction. Trezor’s position keeps a person involved at execution, aiming to limit risks from faulty agents, manipulated data or software vulnerabilities. The debate highlights a key trade-off for AI crypto wallets: convenience and automation versus user control and transaction security.