Crypto News

Alphabet shares fell about 11% to 12% after third-quarter 2026 results renewed concerns over the cost and returns of its AI expansion. Revenue rose 25% year over year to $127.58 billion, but missed analyst expectations. Google stock also faced pressure as advertising revenue came in below forecasts and Search growth slowed to 12%, from 17% in the previous quarter. Capital expenditure climbed to $51.36 billion, more than twice the year-earlier level and above operating cash flow of $42.29 billion. Free cash flow was negative $9.07 billion for a second consecutive quarter. Alphabet remained profitable: operating income rose 30% to $40.58 billion and net income was $26.2 billion. Google Cloud revenue more than doubled to $30.71 billion, with operating income of $11.12 billion. Diluted earnings per share fell to $2.12 from $2.87, partly because of losses on equity investments. Alphabet reaffirmed its 2026 capital expenditure forecast of $195 billion to $205 billion and said spending could rise significantly in 2027. Growing custom TPU chip inventories and a $5.2 billion European Commission fine payment added to cash-flow pressure; the company also raised about $41.1 billion through debt and share issuance during the quarter. For crypto traders, the results offer a read-through on tech-sector risk appetite and the funding demands of AI infrastructure, but do not directly signal a change in cryptocurrency fundamentals.

Solana (SOL) briefly fell below $100 on October 29, trading near $99.71 and down about 15.4% over the past month. US spot Solana ETFs saw $24.82 million in outflows on October 27 and 28. Including October 26, outflows across three sessions reached about $33.05 million. Despite the withdrawals, cumulative ETF net inflows remained near $1.5 billion, with net assets of about $1.56 billion on October 28. Traders are watching the $96–$100 support zone. A break below $96 could bring $95 and $90 into focus, while a move above $104–$105 may ease near-term selling pressure and open a path toward $108–$112. The seven-day RSI, around 34.8, signals weak momentum. Solana network developments, including the Alpenglow upgrade and growth in addresses holding tokenized equities, have not yet translated into stronger SOL demand. ETF flows and the $96 level may offer clues to whether SOL can stabilize.

PEPE rose more than 11% over 24 hours, reaching a high of 0.00000568 USDT. It was later trading at 0.00000540 USDT, according to OKX market data. The move points to strong short-term momentum in PEPE, though the report gives no specific catalyst.

Polymarket Perps has launched ANTHROPIC-USD, a pre-IPO perpetual contract tracking Anthropic’s valuation. The contract supports up to 10x leverage, trades 24/7 and settles in pUSD. Its reference price is Hyperliquid’s io:ANT market. Polymarket Perps plans to convert the contract into a standard perpetual after Anthropic completes an IPO. The launch gives traders leveraged exposure to Anthropic’s pre-listing valuation, but also carries the risks of high leverage and pricing uncertainty before a public listing.

Securitize plans to integrate the Stellar network into its institutional infrastructure for issuing and managing tokenized financial assets. Announced on October 28 at Meridian 2026 in Lisbon, the planned Stellar integration is intended to give asset managers more blockchain options. No specific Stellar-based product or launch date has been announced. For XLM traders, the development adds an institutional adoption narrative, but it does not establish new revenue for the network or prove that asset managers or investors will need to buy XLM. The announcement also does not imply unrestricted trading of tokenized securities, which may remain subject to investor eligibility and transfer rules. The next indicators to watch are a named product, its launch timeline, and evidence of actual issuance, subscriptions, redemptions or other usage. Until those details emerge, the Stellar integration is an infrastructure milestone rather than evidence of measurable network activity or investment returns.

Solana has integrated with Polygon’s Open Money Stack, adding payment services for businesses operating on the Solana network. Solana Foundation President Lily Liu marked the announcement with the phrase “unblocked and unmuted,” but did not explain its context or describe any prior dispute between the teams. The Polygon integration connects bank deposits, cards and other funding methods with wallets, asset conversion and payouts. Businesses can accept or convert stablecoins and other supported assets, including USDC, USDT and PYUSD, and route funds across Solana, TRON and Ethereum-compatible networks. The service also offers virtual accounts and embedded wallets, while allowing companies to keep their existing compliance and settlement providers. Polygon says its U.S. payments business has 37 state money transmitter licences and 11 applicable exemptions. The launch follows Polygon’s August rollout of Trails, its cross-chain routing service, and comes after Solana appointed former Polygon Labs executive Jamal Raees to lead payments. The article also reports that Solana processed more than $5 trillion in stablecoin transaction volume during 2026, citing a Solana executive. The integration could make it easier for businesses to use Solana for stablecoin payments and connect those transfers to traditional bank accounts. It expands payment infrastructure rather than announcing a new token or a change to Solana’s protocol.

Bitcoin faces a key test near $85,000, where long-term holders may sell into a recovery. Glassnode estimates this group holds about 4 million BTC acquired between $85,000 and $118,000; more than half of long-term holder supply was bought above the current price of roughly $81,600. The $84,000–$85,000 range has repeatedly capped Bitcoin this year, with daily closes above $85,000 recorded on only five days. Demand indicators have improved but remain mixed. U.S. spot Bitcoin ETFs drew about $424 million in net inflows from Monday to Wednesday, partially offsetting $635 million in outflows on October 22. However, ETF investors’ average cost basis is around $81,500 to just under $82,000, and their unrealized losses were estimated at $2.63 billion as of Monday. Bitcoin’s low one-month realized volatility, around 25%, could precede a sharp move. Glassnode identifies bids around $78,000–$79,000 as potential support, with the True Market Mean near $77,900 and newer buyers’ cost basis around $75,800. Lower realized losses in the October 24 selloff compared with August suggest selling pressure may have eased. The Federal Reserve held rates at 3.75%–4.00%, while high Treasury yields and real interest rates remain headwinds. Analysts see Bitcoin trading in a broad $75,000–$85,000 range in the near term; sustained closes above $85,000, or a break above $87,500 supported by stronger ETF demand, would indicate buyers are absorbing supply.

Coinbase tokenized stocks have surpassed $4 billion in cumulative decentralised exchange (DEX) trading volume on Base, according to the latest figures. Volume grew from tens of millions of dollars after launch on August 24, 2026, to more than $1 billion by mid-September, $2.26 billion by October 11 and over $3 billion by October 19. Coinbase also reported $1.5 billion in Base DEX trading over a 30-day period, up 313% from the previous 30 days. More than $260 million of Coinbase tokenized stocks is now deployed in Base DeFi protocols, up from about $14.66 million at the start of 2026. The tokens represent fractional shares in companies such as Apple and Nvidia, and can be traded on decentralised exchanges or used as loan collateral. Aerodrome accounted for 76% to 98% of trading during key periods, while Aave was among the protocols receiving deposits. The activity points to growing use of Base-based markets and on-chain equities, but does not establish increased demand for Coinbase shares or crypto assets more broadly. The tokens are described as backed one-for-one by shares held in regulated custody, but are available only to eligible non-US users, with the custody arrangement regulated in Abu Dhabi. These access and jurisdiction limits remain relevant risks for traders.

Tokenized stocks need more than 24/7 trading to attract larger trades, Gravity Team CEO Mārtiņš Beņķītis said. Market makers need enough capital to manage inventory and hedge risk when traditional exchanges are closed. Reliable redemption into underlying shares, predictable settlement and access to securities are also essential to keep token prices close to stock prices. An October report by the International Monetary Fund found tokenized equities are significantly less liquid than traditional stocks and have about 1.5 times their realized volatility. Weekend trading and lower trading volumes can contribute to sharper price deviations. Stablecoin conversion and local banking restrictions may add costs, particularly in emerging markets. Separately, 38 public companies have objected to having tokenized shares represented on OKXICE, a proposed venue backed by OKX and Intercontinental Exchange. The platform plans around-the-clock trading with stablecoin settlement under the SEC’s Innovation Exemption. The objections highlight issuer acceptance as another challenge for tokenized stock markets.

Franklin Templeton has launched two Nasdaq-listed Bitcoin DRIP ETFs, FBEQ and FIBT, combining U.S. equities with rules-based bitcoin exposure. Both funds begin with an approximate 95% allocation to stocks and 5% to bitcoin, using dividends to build bitcoin exposure rather than reinvesting them in additional shares. The Bitcoin DRIP ETFs do not hold bitcoin directly; exposure may be gained through an affiliated exchange-traded product and derivatives, including futures, options or depositary receipts. FBEQ tracks large-cap U.S. stocks and charges a 0.09% annual fee. Its rules reduce bitcoin exposure to 4.5% at quarterly reviews if it exceeds 5%; if it rises above 20% between reviews, it is cut to 4.5% within two business days. FIBT tracks about 100 large Nasdaq-listed U.S. companies, excluding financial firms, and charges 0.19%. The launch offers a regulated way to combine U.S. equities and bitcoin, but actual bitcoin purchases depend on dividend income and allocation rules. With a 5% initial weighting, the near-term effect on BTC demand is likely limited.

The New York Stock Exchange (NYSE) plans to launch binary options on 12 securities, including Nvidia, Apple, Tesla and the SPDR S&P 500 ETF. The contracts offer a fixed payout if a share closes above or below a set price; otherwise, they expire worthless. NYSE expects trading to begin within days of its October 27 announcement. The NYSE binary options plan also includes proposed contracts tied to company results, such as revenue and earnings per share. These KPI options would pay $1 or zero, but still need SEC approval. Rival exchange Cboe has authorization for similar products. The move comes amid record activity in prediction markets. Kalshi reported about $65 billion in October-to-date volume, while Polymarket US recorded roughly $10 billion. Robinhood generated $173 million in prediction-market revenue in the third quarter, surpassing its $120 million in crypto transaction revenue. NYSE’s securities options would fall under SEC oversight, unlike federally regulated event derivatives on platforms such as Kalshi, which are overseen by the CFTC.

Marvell Technology is reportedly in advanced talks to acquire Lumentum Holdings, a maker of lasers and optical components used in AI data centres. The deal could be announced as soon as early November, but neither company has confirmed the talks or disclosed terms. Based on Lumentum’s reported market value of about $83 billion, a transaction could reach $90 billion to $100 billion with a control premium. The acquisition would combine Lumentum’s optical components and indium phosphide manufacturing capacity with Marvell’s optical DSP and custom-chip businesses. The companies could offer more complete networking systems as AI data centres need faster connections between processors. Lumentum has said some capacity is booked through early 2029, with demand expected to exceed supply for key products. Investors responded cautiously: Lumentum shares rose about 9% in after-hours trading, while Marvell fell more than 8%. Marvell held about $3.92 billion in cash at the end of its latest reported quarter, so a deal of this size could require borrowing, issuing shares or other financing. Analysts have cited valuation, dilution, debt, integration and margin risks. Some customers could also shift orders to rival Coherent to maintain access to independent suppliers. Nvidia, which invested $2 billion in Lumentum, adds another strategic dimension. The talks remain unconfirmed, and the potential deal has no direct impact on cryptocurrency prices, though it highlights growing investment in AI infrastructure and optical networking.

HYPE rose from 90.108 USDT, up 11.84% over 24 hours in an earlier market update, to $96.55, up 20%, in the later report, according to OKX data. Shares of Hyperliquid Strategies (Nasdaq: PURR), a company focused on holding HYPE, also gained 20% to $12.02, according to MSX.com. The rally followed news that ICE, the New York Stock Exchange’s parent company, plans to work with Trade.xyz to bring perpetual futures products to regulated US markets. The development could boost interest in HYPE and the Hyperliquid ecosystem, but neither report confirms it directly caused the price gains.

Glassnode estimates that long-term holders own about 4 million Bitcoin bought between $85,000 and $118,000, mostly in 2025. At current prices, the holdings are worth about $326 billion and are at a loss. Glassnode defines long-term holders as addresses that have held Bitcoin for more than 155 days. The $84,000–$85,000 range has turned Bitcoin lower four times this year. Since January, Bitcoin has closed above that zone on only five days. A recovery toward holders’ cost basis could prompt some to sell to break even, creating potential resistance. US spot Bitcoin ETFs have an estimated average cost basis of $81,500–$82,000. Glassnode puts ETF investors’ average unrealized losses at about $2.63 billion as of Monday; the estimate tracks fund flows and excludes the cost basis of secondary-market buyers. The concentration of underwater Bitcoin holdings may therefore weigh on rallies, although actual selling will depend on market conditions.

Standard Asset Company (SAC) has announced a planned $1.5 billion strategy combining a Bitcoin reserve with investments in UAE real estate. The company has not disclosed how the capital will be divided between the two areas or provided a purchase timeline. Coinbase Asset Management will exclusively manage SAC’s Bitcoin holdings. The plan describes phased Bitcoin purchases based on valuation and liquidity, alongside a managed-yield strategy that considers liquidity and counterparty risks. Proceeds could support further Bitcoin purchases and selected property investments, including UAE hospitality assets and branded residences. SAC lists Dubai royal family member Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum among its advisers and shareholders, alongside former White House chief of staff Mick Mulvaney and Coinbase Institutional co-CEO Brett Tejpaul. The company is registered in Abu Dhabi Global Market as a proprietary investment company. Its disclosures say it is not licensed to provide financial services to third parties and do not promise returns.

Dubai-based Utexo plans to launch Tether’s USDT on Bitcoin on November 28, using the RGB protocol to keep transaction details off-chain. Lightning Network support is planned for the first quarter of 2027, with Utexo saying payments could settle in about 100 milliseconds. The launch revives USDT on Bitcoin after Tether ended issuance through the Omni protocol in August 2023, citing low usage. Utexo’s USDT Mint product entered early access on Bitcoin’s Signet test network on October 22 for verified exchanges, wallets and market makers. Its cross-chain model locks USDT0 on Arbitrum before minting an equivalent RGB-based USDT asset on Bitcoin; redemption reverses the process. The approach introduces bridge risk, and although Utexo says the product has been audited, the full report is not public. Tether participated in Utexo’s $7.5 million seed round in March. UniSat is a launch partner, and Utexo says it is working with 12 over-the-counter partners, with 40 more in its pipeline. Utexo targets at least $1 billion in Bitcoin-based USDT within a year, with a median goal of $5 billion and an upper ambition of $10 billion. The company is pitching privacy and faster payments as alternatives to established stablecoin activity on Ethereum and Tron, where the broader market holds about $300 billion in stablecoins. Adoption is uncertain: bridge security, limited decentralised finance support and competition from established networks could constrain demand. For USDT traders, the launch may expand payment and settlement options, but it does not by itself change the stablecoin’s dollar peg.

Oracle plans to expand AI infrastructure capacity from about 1 gigawatt in fiscal 2025 to 10GW by the end of fiscal 2028. It delivered 850 megawatts in Q1 FY27, more than double the previous quarter, and reported $664 billion in total remaining performance obligations (RPO), with AI contracts driving much of the growth. At its October 28 Investor Day, Oracle provided economics for a large AI infrastructure contract: about $80 billion in RPO, roughly $37 billion in capital expenditure and around $16 billion in annual revenue at full capacity of about 1GW. The company targets a 28% return on investment and a 35% gross margin. Oracle expects capital spending to peak in FY27 and FY28, limits additional external financing for AI projects to $20 billion through FY30, and expects free cash flow to turn positive in the second half of FY28 and exceed $30 billion in FY29. Its shares rose roughly 11–13% on the day. For crypto traders, Oracle’s AI infrastructure plans are an indirect signal of demand for data centres and computing capacity, not a direct catalyst for any cryptocurrency. Execution, power availability, construction costs, customer demand and cash flow remain important indicators; setbacks could weigh on confidence in AI-related investments, while delivery against targets may support broader technology-sector sentiment.

Neocloud stocks have fallen more than 30% this month, raising questions about investor appetite for Anthropic’s proposed Nasdaq IPO. The AI company has filed an S-1, with a potential valuation of $1.5 trillion to $2 trillion. Its IPO could test demand for frontier AI companies as well as sentiment across the tech sector. Investors will watch for changes to the proposed price range or share count in amended filings, alongside updates on Anthropic’s revenue and profitability. The neocloud stocks sell-off may weigh on expectations for the IPO, but the article provides no final valuation or confirmed offering terms.

Ethereum client teams patched a software flaw that could have allowed attackers to redirect validator rewards. No losses have been reported, and developers said the issue did not affect Ethereum’s core protocol. The fix protects staking payouts, but it did not prompt a noticeable buying response in the ETH market. ETH traded near $2,340, down about 5% over the past week and 13% over 30 days. It remains below its 50-day moving average near $2,450 and only slightly above its 200-day average around $2,320. A daily close below the 200-day average could expose support near $1,940, with another level around $1,850. On the upside, $2,400 is immediate resistance; a sustained move above it could put $2,560 in view. Momentum indicators remain weak: the daily RSI is around 38, while MACD is below its signal line. The article’s near-term bias is bearish unless ETH reclaims resistance, despite the positive security fix.

Bitwise Asset Management has raised its Bitcoin price target for 2036 from $1.3 million to $1.6 million, forecasting annualised returns of about 34%. The projection assumes Bitcoin captures 25% of the global store-of-value market and 1% of institutional investment assets; Bitwise’s bear-case estimate is $130,686. The firm has also suggested that institutions consider allocating 1% to 5% of portfolios to Bitcoin, while flagging risks such as quantum computing and regulatory changes. CIO Matt Hougan said Bitwise is more bullish than it was a year ago, citing Bitcoin’s long-term store-of-value potential. The long-term Bitcoin outlook contrasts with weak near-term momentum. BTC is trading around $81,000, near or slightly below its 50-day moving average, after a particularly weak October. Daily RSI readings are around 45–46, and MACD remains below its signal line. The 200-day moving average near $76,000 is key support; a sustained break below it could expose the next support near $65,000. Resistance is around $82,000, followed by $85,000–$87,000. With no confirmed bottom and traders watching upcoming Federal Reserve decisions, Bitwise’s forecast has not yet changed Bitcoin’s short-term technical picture.

XRP remains larger than Solana by market value, but a new analyst forecast says SOL could overtake XRP by the end of 2027. On Oct. 26, Solana’s market value was about $60.4 billion, compared with XRP’s $82.5 billion. Analyst Alex Carchidi says Solana’s activity in tokenized assets, fees and decentralised finance supports the possibility of a flip. He also noted that XRP’s lead could become harder to overcome if the XRP Ledger exceeds $2 billion in tokenized assets in early 2027. XRP traded near $1.30 on Oct. 29, down about 3% that morning and 13% over the past month. It is below its 50-day and 200-day moving averages, clustered around $1.36–$1.37. The key support area is near $1.25; a break could expose the next floor around $1.05. Resistance sits near $1.40, followed by $1.49. RSI near 42 signals weak momentum, while a bullish MACD crossover offers an early, unconfirmed sign that selling pressure may be easing. Traders are watching whether buyers defend support or reclaim resistance.

Microsoft plans to raise at least $25 billion in its first US investment-grade bond sale since 2017, as technology companies borrow heavily to build AI infrastructure. The offering may include up to 10 tranches, with maturities from two to 40 years. Proceeds are expected to support general corporate needs, including capital spending. Hyperscalers and data-centre developers have issued more than $313 billion in investment-grade bonds globally in 2026, nearly three times the 2025 total. Microsoft’s AAA ratings could help it secure more favorable borrowing terms than more highly leveraged infrastructure firms. The Microsoft bond sale comes as the company reports strong operating performance and cash generation. In its latest quarter, revenue rose 19% to $92.3 billion, Azure revenue climbed 48% to about $33.2 billion, and free cash flow reached $18.6 billion. Microsoft also reported $45.2 billion in capital expenditure, including finance leases, and held $64.5 billion in cash and short-term investments at September’s end. The borrowing highlights the scale of AI investment and growing investor scrutiny over whether future returns will justify the cost. For traders, the deal is a signal of rising corporate debt funding for AI infrastructure, rather than evidence of financial distress at Microsoft.

Linde reported record third-quarter sales of $9.4 billion, up 9% year over year, and adjusted earnings per share of $4.59, beating analysts’ $4.52 estimate. Its electronics business grew about 15% as semiconductor makers expanded capacity to meet demand for AI and high-performance computing chips. Linde said overall underlying sales grew 5%, while GAAP earnings per share fell 11% to $3.66. Linde raised its 2026 adjusted EPS forecast to $17.82–$17.92, implying 8%–9% annual growth. It reported an $11 billion project backlog, including $7.9 billion in contractual gas-supply projects, and expects 2026 capital spending of $5.5 billion–$6 billion. The company is also investing about $1 billion to expand its Phoenix-area gas facilities under a long-term agreement supporting two semiconductor plants. The results highlight how AI-related chip investment is benefiting industrial suppliers as well as technology companies.

The Nasdaq fell 1.64% to 26,117.47 on Thursday as a sharp decline in Alphabet shares revived concerns about the cost and profitability of the AI boom. The S&P 500 lost 0.51%, while the Dow fell 0.31%. Alphabet plunged about 13%, putting more than $500 billion in market value at risk. Revenue rose 25% to $127.6 billion and Google Cloud sales more than doubled to $30.7 billion, but weaker-than-expected advertising and $51.4 billion in capital spending raised concerns. The company reported about $9.1 billion in negative free cash flow. The Nasdaq selloff also hit software stocks: ServiceNow fell about 23% and Fortinet nearly 22%. The semiconductor index dropped 1.8%. Investors are questioning whether returns will justify the huge cost of AI infrastructure. Microsoft plans to raise at least $25 billion through a bond sale, while Microsoft, Amazon and Alphabet could spend nearly $600 billion combined on AI infrastructure in 2026. Strong US economic growth and the Federal Reserve’s decision to hold rates at 3.75%–4.00% also reinforced concerns that borrowing costs may remain high. The Nasdaq decline highlights a shift in focus from AI growth to cash flow, financing costs and investment returns.

The Bitwise Hyperliquid ETF (BHYP) recorded more than $40 million in trading volume during its first three hours of trading today, according to Bitwise CEO on X. The CEO said investors are paying attention to Hyperliquid. The activity highlights strong early trading interest in the Bitwise Hyperliquid ETF, but the report provides no data on net inflows, price performance or the effect on HYPE, Hyperliquid’s token.

Strategy’s STRC preferred stock rose to $99.95 ahead of the company’s third-quarter earnings call, according to Bitcoin Treasuries on X. It was the first time in more than 165 days that STRC had reached that level, leaving it just $0.05 below its $100 face value. The move may draw attention to demand for Strategy’s preferred shares, but the report does not indicate a direct change in Bitcoin prices or trading activity.

Bitwise has warned that its Bitwise Hyperliquid ETF (BHYP) may not suit all investors and could be highly volatile, potentially causing investors to lose some or all of their money. The Bitwise Hyperliquid ETF is not registered under the US Investment Company Act of 1940, so it does not receive the same protections as registered mutual funds or ETFs. Bitwise also stresses that buying BHYP is not the same as directly investing in Hyperliquid’s HYPE token. Investors are advised to review the fund’s prospectus before investing.

Ripple said at its Swell conference that it expects its annualized product revenue run rate to approach $900 million by the end of 2026. The figure is a forward-looking estimate based on current activity, not audited full-year revenue. Ripple attributed growth to payments, custody, prime brokerage, treasury management and RLUSD, citing enterprise demand and the integration of acquisitions. Ripple says more than 1,700 institutions, companies and enterprises use or have access to its digital-asset infrastructure, and that customers using multiple products tripled in 2026. Its products enabled more than $16 trillion in transactions in 2025, while its payments network is forecast to reach $150 billion in lifetime volume by year-end. RLUSD’s market capitalization has risen more than 88% this year to $2.6 billion. Ripple also highlighted an expanded BNY relationship involving tokenized trade finance, partnerships with Robinhood and DriveWealth, and final US regulatory approval for Ripple National Trust Bank. The figures span Ripple’s product portfolio and do not represent XRP trading volume or direct demand for XRP. Ripple’s business expansion has not translated into price gains for XRP, which is down nearly 29% year to date. Traders will be watching for recurring revenue, real-world payment activity and measurable use of XRP Ledger transactions or RLUSD settlement to assess whether the growth has lasting implications for XRP.

Sui has updated its pinned fastcrypto dependency to revision 0a26327. The change makes secp256r1 signature recovery stricter: `recover_with_hash` now rejects cases where r + n is not below the curve’s prime, rather than allowing the value to wrap. The previous behavior remains available as `recover_with_hash_legacy`, and the Sui native function continues using that legacy path across versions latest and v0–v3 to preserve execution behavior. A separate protocol flag enables the strict path. The update also removes unused code and adjusts several dependencies. For SUI traders, this is a cryptography and protocol-maintenance update, not a direct change to token economics or market supply.