Crypto News

Two accounts on Hyperliquid placed more than $170 million in unusual oil orders between 8 and 10 March, earning about $119,000 after fees, according to on-chain analysis cited in the article. Solidus Labs said the activity showed characteristics of spoofing: large sell orders were repeatedly placed and cancelled while the accounts bought oil contracts on the other side. For every $1 that traded, around $30 in orders were reportedly cancelled. The activity drew attention to spoofing risks on Hyperliquid, but the article argues that the practice is not unique to decentralised exchanges. Similar order-book manipulation has been monitored on centralised exchanges, including Kraken. Hyperliquid’s public order and cancellation data made it possible for researchers to link the activity to specific accounts; comparable scrutiny is harder when centralised platforms provide only aggregated market-depth data. The case highlights the risks of relying on visible order-book walls and raises broader questions about exchange surveillance, transparency and consistent enforcement. It does not, by itself, establish that Hyperliquid is more vulnerable to spoofing than other platforms.

Zcash is debating whether to end the 8% block-reward allocation to Zcash Community Grants (ZCG), as the fund’s treasury has grown to an estimated $125 million, including assets after outstanding commitments. Co-founder Sean Bowe argues the fund can cover years of spending and has proposed redirecting future allocations to the Network Sustainability Mechanism. ZCG would keep its existing assets and grant-approval authority, while a separate 12% funding program would remain unchanged. The proposal has not been adopted. Other ideas include phasing out the allocation, abolishing the fund or moving surplus assets to a community pool. The debate follows criticism of a ZCG-funded outreach project, though Bowe’s draft does not address that controversy. For ZEC traders, this is a governance and funding debate rather than an immediate change to the issuance schedule or a clear market catalyst. Its eventual effect on developer funding and tokenomics remains uncertain.

Bitcoin struggled to hold $80,000 after volatile trading around the Federal Reserve’s decision to keep interest rates unchanged. BTC briefly rose to $81,800 after the announcement, then fell to $79,600 and remained near $80,000. The article says Fed Chair Warsh did not rule out another rate increase in December, adding to uncertainty around the Bitcoin price outlook. Altcoins also fell as the broader crypto market weakened. Ethereum dropped 2.14% to $2,320, XRP fell 3% to below $1.30, and SOL returned to $100. NEAR and BCH led losses, each down about 8%, while BTW rose 8% to nearly $1.90. The total crypto market cap declined 1.5% to $2.68 trillion, while Bitcoin dominance stood at 60%.

OKXICE’s tokenization plan has faced growing resistance: 33 of the 63 companies whose shares it proposed to tokenize had opted out by October 27, up from 22 on October 23. The list includes Adobe, AMD, IBM, Intel, Oracle, JPMorgan and Coca-Cola. Companies have not explained their decisions, but uncertainty around round-the-clock trading may be a concern. The SEC’s 30-day opt-out window still had about a week to run when the figures were reported. The objections challenge OKXICE’s proposed tokenized securities venue, but may not halt the wider move to put traditional assets on blockchain. Robinhood added eight tokenized stocks for international customers, while CEO Vlad Tenev said U.S. availability depends on regulatory clarity. Separately, DTCC’s Tokenization Service launched with 34 securities available and 20 clients, including JPMorgan and Citadel. The developments highlight both issuer concerns and growing institutional infrastructure for tokenization.

Bermuda has selected WalletConnect to enable crypto payments for Premier Tickets (PTIX), its first merchant in a planned onchain economy. The ticketing platform is expected to begin accepting payments in the second quarter of 2027, using Stellar as the settlement network and WalletConnect Pay as the checkout layer. The initiative follows Bermuda’s selection of Stellar in May 2026 and WalletConnect Pay’s addition of Stellar merchant support in September. Bermuda crypto payments are intended to help local businesses reduce reliance on card processing, which can cost merchants 3% to 5%, and in some cases as much as 10%. The fees PTIX will pay and expected savings have not been disclosed. Bermuda’s broader plan includes moving digital asset activity, wages and government fees onchain. The PTIX rollout is an initial test, and the number of merchants that may follow remains unclear. For traders, the announcement is a potential real-world adoption milestone for Stellar, but it provides no transaction-volume or revenue data yet. Bermuda crypto payments are therefore more relevant as a long-term adoption signal than as an immediate trading catalyst.

CoinDCX confirmed a 15.99 million USDT loss after funds were drained from deprecated TRON wallets on Oct. 21. The exchange said the affected wallet infrastructure had been compromised in a 2025 security incident and later retired. An automated deposit-sweeping service had failed, leaving customer deposits in the old wallets even as CoinDCX credited customers’ accounts. The company says it absorbed the loss and that customer balances, active wallets, trading and withdrawals were unaffected. Blockchain analytics firm Bitquery traced activity across 40 CoinDCX-linked wallets, reporting that about 15.82 million USDT came from a single address. Roughly 9.63 million USDT later reached addresses associated with other exchanges, while Tether reportedly froze about 2.21 million USDT across nine wallets. CoinDCX initially described the activity as a false alarm before confirming the loss. It has not disclosed why the sweeping service failed or confirmed recovery of the frozen funds. Traders will be watching for further details on the incident and evidence that CoinDCX can maintain custody and meet withdrawals.

UBS cut its 12-month KOSPI target to 7,500 from 8,000, citing concerns that a stronger South Korean won could weigh on corporate earnings. The revised KOSPI outlook reflects currency-related pressure on listed companies, though the report provides no further details on the scale or timing of the expected impact.

A crypto whale sold 694,300 HYPE worth about $53.27 million over five days, according to on-chain monitoring platform Lookonchain. The sale may add near-term supply pressure to HYPE and draw traders’ attention to price action and exchange flows. The report does not identify the whale or say whether the tokens were transferred to exchanges, so the sale alone does not confirm further selling.

Germany’s DAX 40 advanced from 25,600.82 points, up 1.9% over 24 hours in the earlier report, to 26,003.98 points in the later update. The latest data showed a 1.6% 24-hour gain, with no specific cause reported. The DAX 40’s rise may reflect broader market sentiment, but neither report identified a direct impact on cryptocurrency prices.

MEXC reported that trading volume for AI-related tokenized U.S. stocks and ETFs rose 88% month over month in September, compared with 63% growth for non-AI assets. AI-related assets made up 48% of tokenized stock and ETF spot volume, up from 44% in August. The figures reflect activity on MEXC, not the wider stock or crypto markets. Trading expanded beyond chips into AI infrastructure. Semiconductor and memory volume increased 100%, optical communications and networking rose 99%, power and energy equipment gained 96%, and computing infrastructure and data centers advanced 91%. Semiconductor and memory assets accounted for 77% of trading volume among MEXC’s 10 most-traded Stock and Index Futures. Micron, SK hynix and Sandisk led the group. Separately, Pre-IPO Futures volume grew 60%, while Japanese Stock Futures volume increased 47%. MEXC also added Taiwanese stocks to its coverage. The report highlights rising demand for AI-related tokenized stock trading and broader TradFi-linked products on the exchange. It does not establish a direct impact on cryptocurrency prices or overall market stability.

The AI investment boom is reshaping the U.S. economy, but it has not yet translated into broadly stronger growth. PIMCO says higher interest rates and tighter financial conditions are weighing more heavily on rate-sensitive sectors, including housing, small businesses, highly indebted companies and traditional business investment. Large technology companies, particularly hyperscalers, may be less affected because they have strong cash flows and invest in shorter-lived assets. Imports of AI equipment also ease pressure on U.S. capacity, while infrastructure bottlenecks could spread investment over time. Wider credit spreads, however, may make financing harder for riskier borrowers, including some AI firms. The result is an uneven economic adjustment: AI spending supports demand while higher borrowing costs constrain other parts of the economy. The balance between these forces will shape how much further rate pressure slows U.S. growth.

Bitcoin’s recovery has revived hopes of a crypto bull run, but the outlook for November remains uncertain. Coinbase Research said Bitcoin gained 43% in the third quarter, while warning that holders who bought at higher prices may sell as the market rebounds. Around 1.7 million BTC last moved between $89,600 and $93,700, a range that could bring renewed selling if prices return to it. The Federal Reserve held its benchmark rate at 3.75%–4% on October 28. Two policymakers preferred a quarter-point increase, leaving traders without a clear signal of near-term rate cuts. Elevated rates may weigh on speculative assets, although Bitcoin’s direction will also depend on market demand and positioning. The article argues that a lasting crypto bull run needs more than a brief Bitcoin rally or a short squeeze. Traders should watch whether spot buying persists, weekly US spot Bitcoin ETF flows remain positive, and Bitcoin holds gains through pullbacks. Ethereum and other major altcoins rising consistently would suggest the recovery is spreading across the market. November’s historical cycle pattern may attract attention, but it does not predict when a market low or bull run will begin.

Bullshot, infiniFi and Melee announced new developments across crypto launchpads, DeFi and prediction markets. BNB Chain-based AI meme coin launch platform Bullshot said on 27 October that it had raised $7.7 million. P2 Ventures and Animoca Brands co-led the round, with AWS and B1 Ventures among the participants. Bullshot also launched a points system. Its platform offers no-code token launches, bonding-curve trading and automatic migration to PancakeSwap, alongside anti-sniping and liquidity-lock features. DeFi protocol infiniFi is offering increased points rewards for deposits through its Points Program. Users can deposit USDC and mint iUSD, with funds allocated across strategies and protocols including Aave, Pendle and Ethena. The protocol has said it plans to hold its token generation event in the fourth quarter of 2026. Its planned INFI allocation assigns 45% to the ecosystem, 20% each to the team and investors, and 15% to the foundation. The new points allocation is fixed and will not be diluted by new participants. Solana-based prediction market Melee launched its beta on 27 October. Users can create markets on topics including sports, crypto and politics. Melee has raised $3.5 million and uses a bonding-curve-style pricing mechanism. These developments add new incentives and products for users, but the article does not report token launches or market-moving price data for the platforms. Any near-term trading effect is therefore likely to be limited and project-specific.

Arbitrum activity accelerated between October 22 and October 28, though the rise in active addresses outpaced growth in fees and transactions. On October 22, daily active addresses reached 571,767, a 90-day high and a 408.2% weekly increase, according to growthepie. Transactions rose 25.7% week over week to about 1.7 million, while chain revenue fell 2.4% to $19,300. DefiLlama reported about $1.45 billion in total value locked, and growthepie put stablecoin supply at $4.39 billion, down 5.8%. By October 28, daily active addresses had climbed to about 1.09 million, up 90.3% week over week and a 30-day high. Transactions increased 29.3% to around 2.1 million, but user-paid fees edged down 0.8% to roughly $19,100. The differing address figures come from separate reported snapshots. For traders, Arbitrum active addresses show growing network activity, but the weaker fee and revenue figures suggest the surge may include low-cost or one-off interactions rather than sustained, economically significant use. Address counts also do not represent unique users. Traders may watch whether activity and fees hold up; the data alone does not establish lasting adoption or signal a rise in ARB’s price.

US spot Bitcoin ETFs first drew about $1.075 billion over three sessions from October 19 to 21, partly reversing earlier outflows. A later update showed $424 million in inflows over three sessions, including $137.3 million on Wednesday, with BlackRock’s IBIT accounting for nearly all of that day’s purchases. The funds held $104.9 billion in assets, and October flows had only recently turned slightly positive after a $635.6 million outflow on October 22. Despite ETF demand, Bitcoin fell below $80,000 after the Federal Reserve held rates at 3.75%–4%. BTC traded near $79,899, with $79,221, the October 24 low, as near-term support. A break below it could expose the $76,264–$76,476 support zone; resistance sits near $84,898. Earlier analysis had identified $85,000–$87,500 as a major resistance band, where holders’ cost bases and sell orders could constrain a recovery. Stronger spot volume and sustained ETF inflows would help improve the outlook. The Fed’s 10–2 vote included two calls for a rate increase, keeping tighter policy in focus. Traders are watching US inflation and jobs data, the November midterm elections and the Fed’s December 9 decision; prediction markets put the odds of a December hike near 77%–79%. For Bitcoin traders, ETF inflows are a supportive demand signal, but the latest price weakness shows that macroeconomic uncertainty and tech-sector selling remain important near-term risks.

Hyperliquid’s non-crypto trading has grown rapidly, from zero in September 2025 to a peak of 51% of platform volume in July 2026. It represented about 30% of October volume and 40% of the $7.2 billion traded on 27 October, with single stocks the largest non-crypto category.

OpenTrade, a London-based stablecoin yield platform, has appointed former Swift CEO Lazaro Campos as chairman. The company says its total value locked (TVL) has climbed to $300 million from more than $200 million in May. It also reports over $1 billion in transactions in the past year, up from more than $600 million in cumulative volume reported earlier. Founded in 2023, OpenTrade helps businesses offer dollar- and euro-denominated stablecoin yields backed by real-world assets (RWAs). The company has raised $32 million, including a $17 million funding round announced nearly six months before the appointment. Campos brings traditional payments experience as OpenTrade seeks to build credibility with financial institutions. The growth points to continued interest in stablecoin yield products and tokenised RWAs, but the announcement names no related tradable token. Demand, yield performance and regulation remain key factors for the business.

Westpac will cap customer payments to cryptocurrency exchanges at A$10,000 per month from 1 December. The Westpac crypto exchange payment limit will combine transfers made through all Westpac accounts, online banking, its app, and credit and debit cards. Once customers reach the cap, the bank may reject payments it identifies as going to crypto exchanges. No exemptions or higher limits are available. The policy is intended to combat scams. Westpac cited National Anti-Scam Centre figures showing that cryptocurrency was involved in 46% of reported scam losses last year. Payments made at bank branches are already unsupported, while transfers from exchanges into Westpac accounts are unaffected. Customers seeking to buy more than A$10,000 of bitcoin per month will need to fund the additional amount through another bank.

Bitcoin Core developers disclosed three vulnerabilities on October 28, identified through AI-assisted research by Project Loupe. The flaws could crash some non-Linux nodes, gradually exhaust memory, or corrupt blockchain undo data in extreme conditions. Fixes have been released across four maintained Bitcoin Core branches, though some 32-bit systems and nodes using FAT32 storage remain affected by the undo-file issue. The disclosures come as traders assess macroeconomic and derivatives risks. The Federal Reserve held rates at 3.75%–4.00%, while two officials favored a 25-basis-point hike. About $12.4 billion in Bitcoin options are due to expire, potentially increasing hedging activity and volatility, though expiry alone does not indicate a likely price direction. The patched Bitcoin Core flaws add a network-security issue to an already busy week for BTC traders.

South Korea’s KOSPI fell about 40% from its 9,114.55-point high on 22 June to 5,469.47 on 26 October, before recovering to 5,937.66 on 29 October. The sharp decline has left many young investors cutting household spending and taking extra work to manage losses. A 26-year-old office worker said he lost the equivalent of two months’ salary and capped his weekly spending at 20,000 won. Other investors have turned to online “beggar rooms”, where members monitor one another’s spending, and have taken part-time jobs. Some reported losses in Samsung Electronics, SK Hynix and leveraged ETFs. Financial risks among younger investors have grown alongside the sell-off. Their margin-financing balances rose 2.4 times, from 1.76 trillion won at the end of 2024 to 4.19 trillion won by the end of June. Trading losses in single-stock leveraged exchange-traded products at 10 brokerages reached 2.32 trillion won by 14 August. The market downturn is also weighing on consumer spending: credit-card payments at restaurants fell 8% year on year during 3–9 October. Analysts warn that borrowing to invest in a high-interest-rate environment could worsen household finances and weaken consumption. For crypto traders, the report points to a possible indirect risk: falling asset values and tighter household budgets may reduce appetite for speculative investments, though it does not report a direct crypto-market move.

Server depreciation assumptions are emerging as a key risk to Big Tech earnings amid the AI investment boom. Reuters Breakingviews estimates that if Amazon, Meta, Alphabet and Microsoft each shortened server useful-life estimates by one year, their combined 2027 net income could fall by about $36 billion. At current valuation multiples, the theoretical market-cap impact would approach $800 billion. The companies use different schedules. Amazon shortened the useful life of certain servers and networking equipment from six years to five in 2025, adding an expected $1.4 billion to depreciation expense and cutting net income by $1 billion. Meta extended the estimated life of most such assets to 5.5 years, lowering projected 2025 depreciation by $2.92 billion and increasing net income by $2.59 billion, or $1 per share. Alphabet generally uses six years; Microsoft applies a two-to-six-year range depending on the asset. The issue matters because faster AI hardware upgrades could make equipment obsolete sooner, while data-centre capital spending is running several times higher than depreciation. Changes in server depreciation schedules can materially affect reported earnings without changing cash flow immediately, making comparisons between tech companies harder and raising questions about future earnings quality.

LITE climbed 15.5% over 24 hours and gained 11.3% in one hour, reaching 993.75 USDT in an earlier MSX.COM snapshot cited by Odaily. A later update put LITE up 10.6% at 971.53 USDT, indicating it had eased from that earlier level but remained sharply higher over 24 hours. Neither report identified a catalyst or provided trading-volume data. The move points to short-term buying momentum, but traders may watch volume and whether LITE can hold its gains before concluding the rally is sustainable.

Tom Lee said on X that he agrees with Rick Rieder’s view that rate hikes cannot resolve oil supply shocks or the shortage of housing supply. Higher rates may also increase investment income and boost demand, potentially adding to inflationary pressure. The comments challenge calls for further Federal Reserve tightening. For crypto traders, the debate over rate hikes matters because changing expectations for Fed policy can affect risk appetite and digital-asset prices, although the post itself gave no direct crypto-market forecast.

Blockchain.com has added TRX options to its Trading Account, expanding a lineup that also includes BTC, ETH, SOL, HYPE, AVAX and XRP. The cash-settled, European-style contracts are offered directly by the company rather than on an exchange, initially expire within one week and must be funded upfront with USDC. The minimum premium is $5, with fees charged separately. Buyers cannot close positions early, and their losses are limited to the premium and applicable fees. Access is restricted in the US, UK, Canada and other excluded markets, subject to local rules. The options are available through Blockchain.com’s consumer app to eligible users in supported jurisdictions. TRON founder Justin Sun said the product offers another way to gain exposure to the ecosystem, while Blockchain.com executive Taro Ugen pointed to the network’s scale. TRON reports more than 411 million user accounts, 15 billion transactions and over $94 billion in circulating USDT. The launch comes amid other developments in institutional access to TRON, including a US staked-TRX ETF, Anchorage Digital custody and staking support, and a tokenized credit fund issued on the network. The TRX options launch adds a trading tool but does not, by itself, signal a change in TRON’s fundamentals or price direction.

Arkham Intelligence says the CryptoBilis Ledger drainer stole $95.35 million from 1,486 addresses between October 7 and 9. Most of the funds—$80.60 million—were taken in 51 minutes on October 9. The attacker has moved $13.84 million in the past 48 hours, while at least $69.19 million has passed through swaps and cross-chain bridges. Arkham traced 9,529 ETH, worth $23.27 million, to Tornado Cash deposits. It identified $30.44 million in remaining tagged holdings, including $10 million in USDT frozen by Tether. Ledger previously said confirmed thefts involved devices bought through Southeast Asian reseller CryptoBilis, where an unauthorized implant could capture recovery phrases. Ledger has not independently confirmed the total losses or affected customer count. The incident may weigh on confidence in hardware-wallet security, although its direct effect on broader crypto markets appears limited.

At TOKEN2049 Singapore, ChangeNOW hosted four panel discussions, a series of NOW Effect interviews and a keynote by Chief Strategy Officer Pauline Shangett. The sessions brought together speakers from MetaMask, Trezor, WalletConnect and other crypto projects to discuss crypto super apps, wallet security, transaction infrastructure, privacy and AI’s role in media and search. Shangett argued that mainstream users should be able to use crypto without managing networks or gas fees, and described super apps as a way to combine financial services in one product. Panelists also debated whether payments, trading or broader services could drive regular use. ChangeNOW TOKEN2049 coverage included discussions of cross-border payments, DeFi, stablecoins and blockchain usability. The event content is due to be released in recorded form.

An on-chain address with reported cumulative profits of about $195 million has added roughly $7.96 million to its SILVER short position. The new position was opened at an average price of about $52.7033, according to Odaily monitoring. The report does not specify the trader’s total SILVER exposure or whether the position is currently profitable. The move signals a bearish stance on SILVER from one large trader, but does not by itself establish a broader market trend.

Hyperliquid will change how TWAP orders with stop prices work in its next network upgrade, according to Jeff. Instead of cancelling the remaining schedule when the market crosses a set price boundary, a Hyperliquid TWAP order will pause. It can resume if the price returns to the permitted range before the original execution window ends; otherwise, traders will need to place a new order. Hyperliquid’s TWAP tool splits large orders into smaller trades executed over time. It currently supports schedules from five minutes to seven days, with a minimum order size of $100. For example, a two-hour HYPE buy order with an $80 upper limit will pause if the mark price rises to $81, then resume if it falls to $79 within the two-hour window. The same rule applies to sell orders with a minimum price.

Lookonchain reported that a trader with a 100% win rate opened a 25x leveraged long position of 19,491 ETH, worth about $45.34 million. The position was showing an unrealised profit of $315,000 at the time of the report. The trader has won all five completed trades, with cumulative profits of $4.6 million. The ETH long is a single trader’s position, not evidence of broad market demand; its high leverage also increases the risk of liquidation if ETH prices fall.