Crypto News

An XRP Ledger developer proposal would let businesses create customer wallets without requiring users to buy XRP. The proposed SponsoredAccountCreate transaction would allow a sponsoring account to cover the existing 1 XRP reserve for each new wallet, while users could begin with zero XRP. This could simplify onboarding for stablecoin payments, including RLUSD, and applications serving large numbers of customers. The change would shift the reserve cost to businesses; it would not remove XRP’s role in supporting the ledger. The proposal depends on the broader Sponsored Fees and Reserves framework, which has not been approved for the XRPL mainnet. As of October 19, 11 of 35 validators supported the amendment, below the 29 votes required. A separate October 28 report cited 10 votes, a tally that needs confirmation. Validator approval requires more than 80% support for two consecutive weeks, so zero-XRP wallets are not yet available.

Investment-grade corporate credit underperformed in July, with excess returns of -26 basis points, then recovered 12 basis points in August and was flat in September. Lower-quality BBB-rated bonds modestly outperformed single-A credits: their excess return was -8 basis points, compared with -16 basis points for single-A bonds. Virtus Investment Partners said pressure from higher interest rates intensified in the third quarter. Expectations shifted from eventual Federal Reserve rate cuts toward tighter policy. The article provides no specific cryptocurrency outlook or further market forecasts.

Crude oil prices advanced in both reports. An earlier update on 12 October put Brent futures up 2.25% at $107.073 a barrel and WTI up 2.28% at $93.940. A later update reported WTI up 3% to $102.892 and Brent up 2.35% to $111.985, according to Gate data. The latest crude oil gains could affect inflation expectations and broader risk sentiment, indicators crypto traders monitor. Neither report identified a direct link to cryptocurrency prices.

Brazil markets plunged after President Luiz Inácio Lula da Silva’s re-election result surprised investors. The Brazilian real fell about 8% against the US dollar, its biggest one-day drop in more than 20 years. The sell-off has left Wall Street divided on Brazil markets and the outlook for Brazilian assets. Citigroup closed its bullish positions, while Morgan Stanley cut its rating on Brazilian equities and JPMorgan lowered its recommendations on the real and local interest rates. Wells Fargo said the market reaction may have been excessive and advised buying the real on weakness; GQG Partners is also preparing to buy after the panic. The real rebounded for two consecutive sessions, but Brazilian stocks continued to fall. Investors are watching for Lula’s economic team and fiscal plans, with concerns about public finances still weighing on sentiment. No clear reversal signal has emerged.

The number of companies objecting to the OKX-Intercontinental Exchange (ICE) tokenized stock plan has risen from nine on Oct. 15 to 33, including seven newly named issuers in an updated notice filed on Oct. 27. That is more than half of the 62 issuers initially identified for the proposed venue. The 50-50 venture plans to offer approved users 24/7 trading of tokenized U.S. stocks, with faster settlement, through permissioned Uniswap v4 pools on OKX’s XLayer blockchain and using stablecoins such as USDC. Under the SEC’s Innovation Exemption framework, an issuer can object to its shares being tokenized on a specific venue; the objections do not prevent listings elsewhere or amount to blanket opposition to tokenized stocks. JPMorgan, one of the objectors, also has its own blockchain and tokenized-deposit initiatives. The growing list highlights issuer-consent and legal hurdles for the proposal, but does not directly restrict crypto trading or other tokenization platforms.

Hex raised $100 million in a Series D funding round at a $1.2 billion valuation, with Peak XV Partners and 137 Ventures leading the investment. Other participants included Andreessen Horowitz, Sequoia and Redpoint Ventures. The collaborative data analytics company said it has more than 2,500 customers and plans to use the funding to expand its team and market reach. Alongside the funding, Hex launched Hex 4.0, a redesigned platform built for AI agents to work directly with data. It treats data interactions as code, allowing agents to execute tasks while people review their work. Hex says the platform is model-agnostic and can work across AI providers. The round highlights investor interest in AI-native analytics tools, though Hex will need to turn its customer base and momentum into sustained growth.

NFT farming games are drawing copycat criticism after Yield Fields sold out its 3,333-deed collection. In an Oct. 28 post, SafZ listed six games using variations of the farming format, including themes involving monkeys, egg hatching, banking, fishing, floating islands and boss fights. SafZ attributed the rapid wave of launches in part to AI tools and urged buyers to research projects before minting. The post did not identify a confirmed rug pull or provide technical evidence of wrongdoing. Yield Fields reportedly sold out in about 30 seconds on Oct. 13. Its estimated $8.3 million sale value assumes all 3,333 deeds sold at the public auction’s final price of 0.999688 ETH; an earlier whitelist allocation means actual proceeds are uncertain. An OpenSea snapshot showed $3.3 million in total trading volume, 1,221 owners and 203 listed deeds. These figures provide market context but do not establish demand for the six games mentioned by SafZ. For NFT traders, the news highlights copycat risk and the need to assess project quality, liquidity and ownership distribution. It does not point to a confirmed security incident or a broad crypto-market catalyst.

CoinShares’ Zcash ETP, ticker ZCSH, resumed trading on Euronext Paris at noon CET on 28 October, hours after a settlement-related suspension delayed its scheduled debut. Euronext cited the central securities depository’s inability to support standard settlement operations; CoinShares said the issue was unrelated to the firm. The exchange had not publicly confirmed the resumption, and no further technical details were reported. The CoinShares Zcash ETP is the fourth European product offering exposure to ZEC, alongside products from 21Shares, Virtune and Valour. The same-day restart points to a temporary market-infrastructure issue rather than a change in the outlook for Zcash, though the interruption may have affected initial trading activity.

BitGo and Solana DeFi platform Jupiter have launched a dedicated validator for institutional SOL staking. BitGo clients can delegate SOL through their existing custody accounts without moving assets to an external provider, while SOL remains in cold storage and established custody and approval processes stay in place. The service offers exposure to Solana network inflation rewards and a share of validator MEV revenue, but returns vary with network conditions and validator performance. Jupiter reported 100% uptime and a 0.008% skip rate over a recent 30-day period. BitGo says its platform includes up to $250 million in insurance and bankruptcy-remote protections. The integration could make native SOL staking more accessible to institutions with restrictions on transferring assets or using liquid staking tokens. It expands Jupiter’s role in institutional Solana services, but does not guarantee returns or signal a change in SOL’s price. Wider stake concentration at a large validator could also raise decentralization concerns.

Robinhood stock tokens are now available globally through Uniswap Protocol, Uniswap Apps and its API, according to Uniswap’s post on X. The launch supports self-custody and 24/7 access. The announcement did not specify which stocks are tokenised or provide details on trading volume or user uptake. Robinhood stock tokens bring tokenised equity access to Uniswap’s infrastructure, but their market impact will depend on adoption and liquidity.

Bitwise’s 2027 long-term capital market assumptions report puts Bitcoin at $1.6 million by 2036 in its base case, raising its earlier forecast of $1.3 million by 2035. From a reference price of about $83,500, the new target implies a 34.3% annualised return. Bitwise expects Bitcoin to capture 25% of the combined Bitcoin-and-gold store-of-value market, supported by limited supply, institutional adoption and demand for hard assets. The report also considers Bitcoin’s volatility, its correlation with US stocks and potential institutional allocations of 1% to 5%. It flags quantum computing, AI-related disruption and regulatory changes as risks. The later summary confirms the $1.6 million forecast but provides no additional supporting assumptions. This is a long-term scenario, not a short-term price target or guarantee, so it is not by itself a near-term trading signal.

Robinhood Chain has added eight stock tokens, according to an official announcement. The newly listed assets track JPMorgan, Visa, PayPal, BMNR, McDonald’s, Disney, Uber and the VanEck Gold Miners ETF. The announcement did not provide details on trading volumes or the tokens’ performance. The expansion broadens the range of tokenized equities and exchange-traded products available through Robinhood Chain.

Anthropic’s IPO prospectus, reportedly filed with the US Securities and Exchange Commission, would give the company’s seven founders and its Long-Term Benefit Trust substantial influence over board appointments and voting. The structure classifies Anthropic as a controlled company, limiting public shareholders’ role in governance. The Anthropic IPO plan is drawing attention to governance and transparency risks for investors. The article also reports that prediction-market expectations for Anthropic to exceed a $1.25 trillion market capitalisation at IPO close have eased, though it provides no detailed odds comparison. Investors will watch for further disclosures, any governance changes and institutional demand as the listing approaches.

Bitcoin recorded net exchange outflows of 14,942 BTC, its largest daily outflow in five weeks, according to Santiment. The move came ahead of the Federal Reserve’s rate decision and US GDP and PCE data, and may signal reduced immediate selling pressure. However, Bitcoin’s price action remains dependent on key levels: Santiment identified $80,000 as support, with $82,500–$84,000 as a potential rebound zone. A drop below about $79,000 could weaken the bullish setup. Analyst Sykodelic said Bitcoin has reclaimed its 50-week simple moving average and weekly Supertrend, a combination that preceded major rallies in 2015, 2019, 2020 and 2023. Other signals are less supportive: US spot Bitcoin ETFs have recorded more than $26 million in net outflows so far in October, while mining firm MARA Holdings transferred 1,000 BTC, worth about $80.19 million, to BitGo. The transfer prompted speculation about a possible sale, but does not confirm one. Traders are weighing the exchange outflows against weak ETF demand, the MARA transfer and upcoming macroeconomic data.

Tether and Circle generated a combined $169.34 million in estimated revenue over seven days, according to DeFiLlama’s Oct. 28 data. Tether recorded $121.23 million and Circle $48.11 million, well ahead of Hyperliquid and Pump. The figures largely reflect returns on assets backing USDT and USDC, rather than trading fees alone. The revenue strength contrasts with weaker decentralized exchange activity. DeFiLlama’s weekly spot DEX volume measure fell 11.30%, while total fees across its dashboard declined 8.87% week over week. Circle reported $668 million in second-quarter reserve income, up 5% year over year, as average USDC circulation grew 25%. That growth was partly offset by a 66-basis-point drop in reserve yields. The company also said it spent $819 million on distribution partners and transaction costs in the first half of 2026. For crypto traders, the data highlight stablecoin issuers’ reliance on reserve income and the contrast between resilient issuer revenue and softer DEX activity. Lower interest rates could weigh on future reserve earnings, while falling trading volumes may signal reduced activity across decentralized markets.

The US Office of the Comptroller of the Currency (OCC) has finalised a GENIUS Act rule for payment stablecoin issuers under its supervision. The OCC stablecoin rule takes effect on 18 January 2027 and covers authorised issuers, certain foreign issuers and some custody activities at OCC-supervised institutions. It sets standards for reserves, redemptions and risk management, potentially increasing compliance costs and demand for high-quality liquid assets such as short-term US Treasuries. Issuers with up to $10 billion in outstanding stablecoins may remain under approved state regimes. Existing issuers with substantially complete applications pending by the deadline may request waivers, but the OCC has not announced when applications or waivers can be processed. Separate Treasury-coordinated rules will address anti-money-laundering, sanctions and Bank Secrecy Act requirements; application guidance, reporting procedures and the treatment of third-party stablecoin rewards also remain unresolved. For traders, the OCC stablecoin rule is a significant step towards clearer US oversight, but it does not authorise prospective issuers automatically or guarantee wider adoption. Watch for application procedures, further guidance and evidence of issuers meeting reserve and redemption standards. The rule may affect stablecoin operations and reserve-asset demand, but does not by itself signal an immediate price move in any cryptocurrency.

Multicoin Capital led a $4 million seed round for Birch Hill, a US-focused onchain credit company aiming to bring lending, securities issuance and asset management under one roof. The company says its integrated model can connect institutional credit providers with stablecoin-based demand and reduce friction across the lending process. Birch Hill’s first example is the Groma market, where eligible holders of tokenized real-estate equity can borrow USDC through Morpho. The company is also developing tokenized credit securities and plans to match short-term lending to originators with longer-term investor capital. The investment reflects growing interest in real-world asset (RWA) lending and regulated onchain credit. Birch Hill argues that transparent blockchain records could help investors assess and finance credit assets, while its US regulatory approach is intended to attract institutional capital. The platform is at an early stage, and the announcement does not disclose a token launch.

Payments could give crypto super apps a more frequent use case than token swaps alone, speakers said at four ChangeNOW-hosted panels at TOKEN2049 Singapore. Their discussions focused on mainstream adoption, wallet design, infrastructure and audience growth. Rubic co-founder Aleksandra Korneva said swap users may have little reason to transact daily. Pulsar Money CEO Alex Radu pointed to payments and trading as possible foundations for crypto super apps. CoinRoutes’ Michelle Herman cautioned that all-in-one products still need reliable execution, specialized services and strong data protection. Wallet and infrastructure speakers discussed reducing friction without sacrificing user control. Topics included gas requirements for cross-chain swaps, AI agents that initiate transactions, and hardware-wallet approval of those actions. WalletConnect’s Diana Alexandrova said everyday payments should not require technical expertise. Aztec Labs highlighted transaction privacy for businesses, while Banxa and RocketX emphasized cooperation among infrastructure providers and access to aggregated liquidity. A separate panel considered how crypto companies can attract users as AI changes online search. Participants cited interviews, podcasts, direct reader relationships, local communities and offline events as ways to build reach. For traders, the panels offered an adoption-focused view rather than a near-term market catalyst. They underscored that payment usability, privacy and secure execution remain important hurdles for crypto super apps.

Markets expect the Federal Reserve to hold its benchmark rate at 3.75%-4.00% at today’s decision, with futures pricing in odds above 90%. The Fed raised rates in September for the first time since 2023, as inflation reached 3.7% and oil prices neared $100 a barrel. Hiring has slowed, adding to the challenge of balancing inflation and economic growth. The Fed rate decision may still unsettle markets if officials signal another increase. Futures put the odds of a quarter-point hike at the Dec. 8-9 meeting at 75%-80%. Bitcoin is trading near $80,700, where traders are watching a resistance zone. Higher Treasury yields can make volatile assets such as Bitcoin less attractive, while leveraged positions may amplify moves through liquidations. The Fed’s statement and any dissenting votes could therefore influence short-term crypto trading.

Bitcoin is at risk of a second consecutive losing October, challenging its “Uptober” reputation. It fell about 4.2% from September’s close to October 25, dropping from roughly $83,567 to $80,051, before later recovering towards $81,500. CryptoQuant estimates October returns averaged 18.1% from 2020 to 2025, but seasonal trends do not guarantee gains. Bitcoin spot demand has been negative since October 14, with estimated 30-day demand about 76,000 BTC below available supply. The Coinbase Premium Index also stayed negative, reaching -0.146 on October 24, while CryptoQuant’s Bull Score Index fell from 90 to 60. These signals point to weak buying pressure, particularly from US-based traders. ETF flows offered some support: US spot Bitcoin ETFs recorded $176 million in inflows on October 27, led by BlackRock’s IBIT, after about $773.5 million in withdrawals on October 22 and 23. The uneven flows have not yet reversed the weak spot-demand picture. If selling persists, traders are watching the $73,000–$77,600 support zone, including levels near $77,585, $74,041 and $73,028. Stronger spot demand could improve the outlook. The Federal Reserve’s October 28 decision and US midterm elections on November 3 are also potential drivers of risk appetite and Bitcoin’s price direction.

Metakse Ghambaryan, crypto project lead at the Armenian Stock Exchange and director of the Web3 Armenia Foundation, has joined the FIO Board of Directors. She oversees strategy for the exchange’s digital asset program and promotes Web3 education in Armenia. Ghambaryan says FIO’s human-readable handles can make crypto transfers easier to understand by linking a simple name to wallet addresses across supported chains. Her appointment adds traditional finance and Web3 education experience to the FIO Board. The news highlights FIO’s focus on usability and adoption, but does not announce a product launch, funding or a change to the token’s utility.

The Reserve Bank of New Zealand (RBNZ) surprised markets by holding its policy rate at 2.75% in a split 4-3 vote. The New Zealand dollar fell about 1.4% after the decision, while markets had priced in roughly 23 basis points of tightening. Although a rate hike in December remains possible, the RBNZ’s signal was seen as dovish, putting market expectations for further tightening at risk. The news may add pressure to the NZD against commodity-linked currencies, though the undervalued NZD/USD could see some near-term relief.

Pimco reduced its exposure to debt tied to Meta and Oracle data centre projects as the AI bond market cooled, while still making a profit on some holdings. The asset manager sold about $3 billion of Meta-related bonds six to eight months after buying them, at prices above face value. Filings show its positions in both the Meta and Oracle financing deals are now about 50% smaller than before. Oracle-linked bonds fell from 98.7 cents at issuance to around 88 cents. Pimco has also passed on several large AI-related debt deals, including transactions involving Broadcom and Anthropic, SoftBank’s roughly $11 billion junk-bond issue, and some Oracle data-centre loans. It nevertheless invested about $4 billion in a SpaceX financing to support the company’s AI expansion. Pimco’s moves point to more selective lending as AI infrastructure borrowing grows and the AI debt market faces a pullback.

Avail has launched ShieldTX, a privacy tool for Hyperliquid traders. ShieldTX creates a separate wallet for each perpetual-futures position, making it harder for on-chain copy-trading bots to link trades and replicate strategies. The tool aims to reduce the execution costs that can arise when traders are copied. Research shared by ShieldTX with The Block analyzed 332,317 Hyperliquid wallets and examined seven top-100 traders alongside suspected copycat wallets. It estimated that copied traders faced a median additional cost of 63 basis points per trade due to execution-price effects. About 29% of Hyperliquid’s top 150 accounts use subaccounts, but those wallets may still be linked on-chain. ShieldTX adds another privacy option for Hyperliquid traders, though the reported figures are estimates from a limited sample.

Solflare has suspended staking rewards after a security incident involving keys held by its third-party staking provider disrupted its Solana validator. About 1.56 million SOL is delegated to the validator, which was marked delinquent and recorded no vote credits in epoch 1070. Solflare says users’ funds remain safe: delegated SOL stays in users’ accounts and is controlled by their keys, with no reported losses or unauthorised transfers. The company plans to move staking to a replacement validator and provide an in-app migration guide. Rewards will resume only after delegations become active on the new validator. Solflare is developing compensation for users who migrate, but has not announced terms or a migration date. The incident affects SOL staking yields, not reported ownership or custody of the tokens.

CoinDCX confirmed a $15.99 million loss, reportedly in USDT, after an automated transfer process failed and deposits continued accumulating at deprecated wallet addresses. The exchange said users kept sending funds to old addresses after they were retired following a July 2025 security breach that caused about $44 million in losses. On-chain investigator ZachXBT highlighted activity at a disputed address, including deposits reportedly made as recently as April and May 2026, after CEO Sumit Gupta initially suggested reports of suspicious outflows could be a false alarm. CoinDCX says it will absorb the loss and that customer balances, active wallets and trading systems were unaffected. The exchange has not identified who moved the funds or disclosed all technical details, but acknowledged it could have communicated more proactively. The incident underscores legacy-wallet, deposit-monitoring and operational risks at crypto exchanges; CoinDCX says customer funds remain accounted for.

Hyperliquid has unstaked 180,000 HYPE to fund monthly token unlocks for team members. The report did not identify the buyer involved in an earlier over-the-counter transaction. The HYPE unstaking and team unlocks add a potential source of token supply, but the article does not say whether the unlocked tokens will be sold.

Hong Kong-regulated gold token XAUa launched on Sui on October 28, 2026, expanding beyond its earlier issuance on Ethereum. Each XAUa represents one gram of 99.99% pure, LBMA-certified gold held by Brinks in Hong Kong. AlphaToken issues the token, while TBook manages on-chain distribution to eligible buyers. Sui’s Permissioned Asset Standard (PAS) checks transfers against compliance rules and rejects transactions that fail validation. TBook has also rebuilt and migrated its vault issuance platform to PAS, allowing other real-world asset (RWA) issuers to create compliant vaults on Sui. The launch adds a gold-backed RWA use case to Sui, but restricted access may limit liquidity and reach. It is a development in tokenization rather than a clear near-term price catalyst for SUI.

Bank of America clients withdrew $3.5 billion from US stocks last week, marking a second consecutive week of net outflows, after selling $15 billion the week before. Bank of America analysts Jill Carey Hall and Trey Brown said retail investors were the main drivers of the selling. The communication services sector—which includes telecom companies and media and technology firms such as Meta—saw its largest weekly outflow since records began in 2018. Industrials had the second-largest outflow and recorded net withdrawals for a 13th straight week. The figures point to continued pressure on US stocks, particularly in communication services and industrials. US stock outflows may also influence crypto trading if investors broadly reduce exposure to risk assets, though the report provides no direct data on cryptocurrency flows.