Crypto News

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.

Axis Robotics said its team and investors did not sell AXIS tokens during the sharp sell-off on 28–29 October. The company said 83.5% of the total supply, including team and investor allocations, remains locked in vesting contracts co-managed with Binance. Axis Robotics said the sold tokens came from the initial circulating supply allocated to the ecosystem. These tokens had been delivered through a single over-the-counter (OTC) counterparty, with a written agreement requiring a lock-up. The project said the tokens were routed through exchange deposit channels and sold from hundreds of newly created addresses within hours, suggesting the OTC counterparty may have breached the agreement. Axis Robotics has suspended further work with the counterparty and is reviewing the contract with legal counsel. The statement followed an earlier disclosure by on-chain investigator ZachXBT that alleged insider-linked AXIS selling had contributed to a roughly 40% price drop. The source of the sales remains under review.

Pi Network will hold its first online Ecosystem Summit from November 17–19, bringing together its Core Team, developers and application operators. The programme is expected to include platform updates, developer demonstrations, dApp showcases and details of a new hackathon. Registration, prizes and the full agenda have not yet been announced. The later report adds confirmed Pi Desktop version 0.6.4, which simplifies remote access to SoloHost applications, and a partnership with Open Standard that could support OUSD-based rewards and other ecosystem uses. Claims that protocol v28 will enable smart contracts and public dApps remain unconfirmed. A possible integration with Axis Robotics is also unconfirmed. Pi Network has reported more than 60 million engaged Pioneers, over 300 Mainnet applications, more than 420,000 nodes and 18.1 million KYC-verified users. However, consistent figures for active app users, merchant sales and payment volumes are lacking, making real-world adoption difficult to assess. No Mainnet launch date or specific link between OUSD use and demand for PI has been announced, and the summit announcement includes no new exchange listings or liquidity plans. PI was reported near $0.0787 on October 22, down about 13.9% over the previous month. A later update said PI had risen 3% in 24 hours to nearly $0.08 despite a broader market pullback. Traders cited support around $0.074–$0.078 and resistance near $0.082, with $0.090–$0.092 as a possible area of interest if price breaks higher. These are technical observations, not confirmed forecasts. The summit may improve sentiment, but a lasting effect on PI will depend on whether ecosystem announcements lead to measurable adoption.

Bitcoin climbed to $81,547 after stronger-than-expected US economic growth supported prices, despite a sell-off in tech stocks following Alphabet’s earnings miss. Bitcoin was trading above $81,000 after dipping to $79,607. US third-quarter GDP growth was revised to 3.4%, beating the 3.2% forecast. September PCE inflation rose 3.6% year over year, in line with expectations. The Federal Reserve held interest rates at 3.75%–4% and described economic activity as strong, while noting that inflation remained elevated. For traders, the immediate technical level to watch is $81,400. Analyst Rekt Capital said Bitcoin needs to close the week above that level to strengthen its near-term price outlook. Despite the rebound, resistance and broader market volatility remain risks.

Tokenized stocks reached an estimated $3.5 billion to $3.8 billion in late October 2026, with about 3.77 million to 5.3 million holders. A later estimate classifies 86.5% of the market as collateralized tokens, 6.5% as issuer-sponsored shares and the remainder as synthetic products. This differs from an earlier October estimate, which put issuer-sponsored products at 10.7% and synthetic tokens at 89.3%, underscoring how figures can vary by date and classification. Most tokenized stocks are backed by shares held by custodians rather than registered directly to token holders, so ownership, voting and dividend rights can differ. Custody is highly concentrated: Alpaca reportedly holds the underlying shares for about 83.5% of the market. Ondo, Binance bStocks, xStocks and Robinhood offer products, often targeting non-US users with fractional access and 24/7 trading. Securitize added more than $250 million to tokenized stock market value in the 30 days leading to late September and launched 1:1-backed Convertible Entitlement Tokens on Solana on October 8. Superstate is also developing direct-issuance programs. However, only an estimated 2% to 7% of tokenized stock supply is used in lending or DeFi, with limited liquidity and volatility restricting broader adoption. For traders, tokenized stocks offer new routes to equity exposure, but custody concentration, legal rights and liquidity remain important risks; clearer regulation and deeper markets could support future DeFi use.

Alpaca, a California-based self-clearing broker-dealer, holds the underlying shares for 83.5% of the tokenized stock market by market capitalization, according to Token Terminal data for October 2026. Alpaca reported a higher share of about 94% of tokenized US stocks and ETFs in July, backed by more than $1.5 billion in real shares. The firm provides custody, settlement, token minting and redemption, and corporate-action processing for more than 10 issuers and platforms, including Ondo, xStocks, Binance, Robinhood and Coinbase. Its Instant Tokenization Network builds on Alpaca’s in-house brokerage and clearing operations. The company raised $135 million in July, bringing its total funding to $435 million. Alpaca’s role offers tokenized-equity platforms a link to real shares held by a regulated broker-dealer, but also creates concentration risk: an outage or compliance issue could affect products across multiple venues. The difference between the 83.5% and 94% estimates may reflect differing methods, dates or market share. Traders should monitor custodian diversification and regulatory developments alongside growth in tokenized stocks.

Elon Musk showed interest in investor Stanley Druckenmiller’s post about backing a US venue for Hyperliquid-native perpetual futures. The initiative, involving trade[XYZ], would bring crypto and other asset derivatives to the US market, but it depends on approval from the Commodity Futures Trading Commission (CFTC). Hyperliquid’s HYPE token reportedly rose 9% to 13% after the news, signalling a positive immediate market response. Traders will be watching for regulatory updates and further comments from Musk or Druckenmiller. The proposal could increase institutional attention on Hyperliquid and decentralised derivatives, although its launch remains uncertain until CFTC approval.

Polygon has extended its stablecoin payment infrastructure to Solana, enabling businesses to connect bank accounts, crypto wallets and payouts on the network. The expansion adds a real-world payment use case for Solana, but Polygon has not disclosed launch partners, fees or transaction volumes, leaving demand uncertain. The news comes as SOL trades near $102, about 60% below its all-time high. SOL is down roughly 14% over the past month and 5% over the past week. Technically, it sits between the 50-day moving average near $105 and the 200-day average around $98. A close above resistance near $106 could open a path towards $113; support is around $97.45, with a further chart level near $77.84 if that floor breaks. Momentum indicators remain weak: the RSI is 39, while the MACD is below its signal line. The payment integration may support Solana’s longer-term utility, but traders have yet to respond with clear buying. The near-term outlook remains cautious until SOL breaks above resistance or loses support.

Chainlink (LINK) has recorded net outflows from Binance for 18 consecutive days, with about 280,200 LINK withdrawn. The trend could reduce readily available exchange supply, but it does not prove that investors are accumulating. Some withdrawals may also reverse an earlier deposit of roughly 8.7 million LINK. LINK traded near $11.92 and remains down about 23% over the past month. Its price is below the 50-day moving average near $12.22 but above the 200-day average around $11.01. RSI at 45 is neutral, while MACD remains below its signal line, indicating that sellers still have momentum. Key levels are support near $11.20 and resistance in the $12.10–$12.30 band. A sustained move above the 50-day average, followed by a break above $12.71, would offer stronger price confirmation for the Binance outflows and could put $13.60 in view. A breakdown below support and the 200-day average could expose the next floor near $9.75. For now, LINK’s exchange withdrawals are a potentially constructive supply signal, not a confirmed bottom.

Bitcoin fell 1.5% as US stock futures and other risk assets weakened after personal consumption expenditures (PCE) inflation came in high but in line with expectations. The S&P 500 was down more than 0.5%, while gold and silver also declined. Bitcoin is trading within a descending channel, although it has so far held up relatively well compared with other markets. The article identifies $79,500 as near-term support, a level where Bitcoin has recently bounced. The 50-day simple moving average sits overhead as resistance. A break above it could help revive the rally. On the weekly chart, the article describes a possible bull-flag pattern that could point to a move towards $90,000 if it breaks higher, though the pattern may be invalidated if the price has fallen too far within it. For now, Bitcoin’s direction depends on whether support holds and broader markets recover.

OPEC+ is expected to keep December oil production targets unchanged at a November 1 meeting, according to three sources cited by Reuters. The seven key producers—Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman—are unlikely to change their ceilings before 2027, though no final decision has been made. Brent crude traded near $113.77 a barrel on October 29, while US West Texas Intermediate was around $100.78. Despite earlier quota increases, Iran conflict-related disruptions have left some Gulf producers unable to reach their targets. The core group produced about 25 million barrels per day in August, roughly five million barrels below February levels. Renewed US-Iran diplomatic contacts eased prices, but shipping risks around the Strait of Hormuz and reports of tanker incidents continue to support a geopolitical premium. OPEC+ also faces a production-capacity review that will help set members’ 2027 baselines. For oil traders, the key issue is whether physical supply can recover; higher quotas alone may not bring additional barrels to market.

Hyperliquid Strategies (Nasdaq: PURR), a company with a HYPE treasury, rose 16.45% after the US stock market opened, reaching $11.61. The move followed news that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is partnering with Trade.xyz to plan a US-focused perpetual futures market built on Hyperliquid. The announcement may bolster attention on Hyperliquid and its HYPE token, though the report does not provide details on the project’s timeline or launch plans.

Polymarket has launched five-minute crypto price prediction contracts on its US-regulated platform, covering Bitcoin, Ether, Solana and XRP. Traders predict whether each asset will finish above or below its starting price; correct shares pay $1, while incorrect shares expire worthless. The contracts use time-weighted average price (TWAP) settlement, a measure intended to address concerns about settlement manipulation. Polymarket’s short-term contracts may attract active traders, but the CFTC is reviewing the platform’s compliance with a 2022 settlement and its customer protections. This regulatory scrutiny remains a key consideration alongside the new trading opportunity.

Ripple CEO Brad Garlinghouse said the company “will never give up on XRP” at Swell 2026, but the token’s price and Ripple’s growing business show a widening gap. XRP trades at $1.29, down 30% this year and 64.6% below its July 2025 record. Ripple reported a $50 billion valuation, a $900 million annual revenue run rate and rapid growth in its RLUSD stablecoin, which is used in several recent institutional deals. Those partnerships may bring some activity to the XRP Ledger, but transaction fees burn only small amounts of XRP. Since January, about 153,989 XRP has been burned, compared with Ripple’s monthly escrow release of 1 billion tokens. Potentially stronger demand could come from institutional custody, collateral use and proposed lending upgrades, though adoption figures and activation dates remain unclear. XRP is also below its 200-week and 50-week EMAs. Traders are watching $1.2468 as support; a weekly close below it could expose the $0.9862 level. A move above $1.3715 would be an initial sign of improving momentum. Whether Ripple’s new deals benefit XRP directly remains uncertain.

Investment firm 1kx forecasts blockchain industry revenue of $100 billion in 2026, revising its estimate down by about 28% amid crypto price volatility. Its report covers more than 2,600 protocols and over 100 public companies. The blockchain revenue outlook also reflects a changing mix of income: institutional adoption and applications in the wider economy are expected to contribute 30% of the total. In the third quarter, wider-economy revenue exceeded blockchain infrastructure revenue for the first time. Public companies’ share of blockchain revenue has risen to 16%, from 7% in 2022. A record 283 protocols returned value to token holders through buybacks, token burns or fee sharing. The figures point to broader commercial adoption, though blockchain revenue remains exposed to market swings and concentrated among leading firms and protocols.

Bybit WSOT 2026 opened registration on October 29. The five-week trading competition runs through December 2 and offers a prize pool of up to 10 million USDT, which Bybit says may grow with participant trading volume. Bybit WSOT 2026 expands beyond crypto trading to include spot trading and perpetual contracts tied to stocks, commodities and indices, as well as an AI-focused P&L leaderboard. Traders can enter individual and squad contests, with a Global Assets arena and preheat quests also available. Squad creation closes on November 11, and the main competitions begin on November 13; some asset-specific events start earlier. Registration has no minimum equity requirement, but traders need at least 100 USDT in a Unified Trading Account for five minutes to qualify for P&L rankings. Professional users, market makers, institutional accounts, residents of the European Economic Area and other restricted-region residents are ineligible. Bybit says its 2025 competition drew 520,451 participants and set a Guinness World Records title for the most participants joining within 24 hours. The event highlights Bybit’s effort to bring crypto, traditional financial products and AI trading tools into one retail competition. Its direct effect on broader crypto prices is likely limited, although the contest could temporarily lift activity on Bybit and demand for eligible products.

XRP fell nearly 3% in Asian trading on October 29, 2026, to around $1.29, as a brief post-Federal Reserve bounce faded. The Fed held its benchmark rate at 3.75% to 4.00%, but the 10-2 vote included two governors, Lisa D. Cook and Beth M. Hammack, who preferred a 0.25 percentage point increase. Their dissent kept hawkish rate concerns in focus. Selling pressure also reflected worries about technology stocks, softer institutional demand and forced crypto liquidations. XRP underperformed other major tokens: Bitcoin traded between $80,000 and $81,000, while Ethereum held around $2,320 to $2,343. The divergence points to weaker risk appetite for XRP and other altcoins during the session. The $1.29 level is a near-term test for XRP buyers, but the token’s direction may also depend on Bitcoin’s trend, upcoming economic data and signals from the Fed. The rate hold did not provide a lasting boost to XRP.

Ether (ETH) traded near $2,313 on October 29, down about 1.7% on the day. CoinGlass data showed ETH funding rates below 0.005%: the open-interest-weighted rate was 0.0042%, the volume-weighted rate 0.0043%, and Binance’s ETHUSDT rate 0.0041%. Rates remain positive, meaning long traders still pay shorts, but ETH funding rates point to less demand for leveraged bullish positions rather than a clear shift to bearish bets. ETH open interest stood at about $23.88 billion, down roughly 10% to 12% from around $26.5 billion to $27 billion in late September. The decline suggests traders have reduced leverage or withdrawn capital from derivatives markets. The article also cited $60.22 million in Ether ETF outflows as market context. The derivatives picture is cautious, but a reading below 0.005% alone is not a bearish signal. Traders will be watching whether funding turns negative alongside further price weakness, or whether open interest rebuilds as ETH holds near $2,313.

France’s Senate has approved a crypto tax data-sharing bill at first reading, advancing a proposal based on the OECD’s Crypto-Asset Reporting Framework (CARF). The bill would enable automatic exchange of crypto tax information between international tax authorities, but it still needs approval from the National Assembly and is not yet law. It does not itself introduce new crypto taxes.

Crypto traders are pricing the Anthropic IPO at about $1.9 trillion. Contracts across seven offshore platforms imply a valuation of roughly $1.87 trillion to $1.92 trillion, near the upper end of the reported $1.5 trillion to $2 trillion target range. Earlier reports cited valuation discussions around $1.5 trillion, while the latest reports say pricing could come in mid-November. The timing and Nasdaq listing plan have not been officially confirmed, and Anthropic’s public filing has not specified a share count or price range. The contracts are synthetic, cash-settled products, not Anthropic shares. Some offer leverage of up to 10x and are unavailable to US residents. Anthropic has warned that unofficial share offers may be invalid or worthless because of transfer restrictions. The company reportedly generated $16.3 billion in first-half revenue, but recorded an $8.07 billion net loss and faces infrastructure commitments exceeding $600 billion. Past crypto-traded pre-IPO contracts that made it to a listing missed the listing-day opening price by about 25% on average. This history cautions that platforms can misprice an IPO at the same time. A high contract valuation may signal expectations for a strong first-day close, but is not a reliable forecast of the opening price or an opportunity to buy stock directly. Traders should treat Anthropic IPO contracts as leveraged sentiment indicators and account for liquidity, leverage and contract-rule risks.

Ondo Intelligent Portfolios has launched on Solana, bringing seven tokenized investment portfolios to eligible investors outside the US through Solana wallets and apps. The portfolios cover income, growth and themes such as major technology companies and artificial intelligence. Three use model strategies developed by BlackRock for Ondo; BlackRock does not manage the portfolios or make investment decisions for them. Ondo said the portfolios surpassed $40 million in combined total value locked on Ethereum and BNB Chain during their first four weeks. The Solana launch adds to Ondo’s more than $500 million in TVL on the network across tokenized assets. Each Ondo Intelligent Portfolio combines multiple holdings in one onchain token, with visible holdings and programmatic rebalancing. The expansion gives Solana users access to diversified tokenized exposure, but availability is subject to eligibility and regional restrictions.

Russia’s central bank has registered the National Association of Securities Market Participants (NAUFOR) as a self-regulatory organization (SRO) for crypto exchanges and digital asset depositories, bringing part of the country’s developing crypto rules into operation. Registered firms must join an SRO within 90 days. The registry lists 23 crypto-exchange participants and eight depositories, including entities linked to VTB, Sberbank and T-Technologies. NAUFOR, which has 725 members from traditional financial markets, will set industry standards, monitor members and represent the sector in discussions with regulators. The framework adds formal oversight of crypto trading and custody. Domestic crypto payments remain banned, while regulated cross-border crypto trade is allowed. Non-qualified retail investors can buy up to 300,000 rubles (about $3,800) annually through one intermediary; qualified investors face higher limits. The move may improve regulatory clarity but could bring tighter oversight and access restrictions. Its immediate effect on Bitcoin prices and the wider crypto market remains uncertain and will depend on how the rules are implemented.

Bitcoin traded near $79,700 on October 27 after US spot Bitcoin ETFs drew $110.3 million on Monday, ending two days of outflows totalling $773.4 million. All of that day’s inflow went to BlackRock’s IBIT, while the funds remained net sellers for October at that point. Inflows strengthened later in the week: US spot Bitcoin ETFs attracted about $137.3 million on October 28, bringing their three-day total to roughly $423.7 million. BlackRock’s fund accounted for about $136 million of the latest daily inflow. The buying partly offset earlier withdrawals, but Bitcoin still struggled to hold above $80,000 and the renewed demand had yet to deliver a sustained price recovery. The Federal Reserve held rates at 3.75%–4.00% on October 28 and left the possibility of further tightening open. Elevated Treasury yields and uncertainty over rates may weigh on risk assets, while derivatives positioning and selling by existing holders could amplify volatility. For traders, $80,000–$82,000 is a key support area, while reclaiming the $81,000–$83,000 range would improve Bitcoin’s near-term outlook. A sustained break above $83,000 could put $85,000–$86,000 in view. A fall below $77,000 would make $75,000 and potentially $73,000 levels to watch. These are conditional technical scenarios, not guaranteed targets.

Ethereum fell about 2% to around $2,320 on October 29 as broad crypto-market weakness, ETF withdrawals and reported whale selling weighed on ETH. US spot Ethereum ETFs recorded about $170.2 million in net outflows over three sessions through October 28. That included $21.4 million on October 28, with BlackRock’s ETHA seeing $44.8 million in withdrawals, partly offset by inflows to other funds. In contrast, US spot Bitcoin ETFs attracted about $137 million on Wednesday. On-chain data cited by analyst Ali Martinez showed large holders had shed around 160,000 ETH, worth more than $348 million. Exchange balances also rose by about 100,000 ETH, which may indicate potential selling supply but does not confirm that tokens were sold. ETH remained below its seven-day and 30-day moving averages, while the MACD was negative. Traders are watching support at $2,290–$2,300 and resistance around $2,400. A sustained break below support could put $2,200 and then $2,100–$2,150 in focus; a move above $2,400 may open the way toward $2,480–$2,500, with $2,550 as a further resistance level. Developers also postponed activation of the Hoodi testnet for Ethereum’s Glamsterdam upgrade while reviewing compatibility issues. No new date or mainnet schedule was announced, and the delay does not by itself signal stronger ETH demand.

Coinbase added Ripple USD (RLUSD) to its consumer app, Coinbase Exchange and Coinbase Prime on October 28. Eligible customers can deposit and withdraw RLUSD on the XRP Ledger, Ethereum and Base, with a 1:1 conversion rate from US dollars and eligible dollar stablecoins. Ripple says RLUSD’s market value has exceeded $2.4 billion since its December 2024 launch. The wider exchange access expands RLUSD’s distribution, and Ripple plans to provide liquidity for the stablecoin on Base. Coinbase says Global Exchange access and RLUSD collateral support may follow, but timing and terms have not been disclosed. RLUSD is issued by Standard Custody & Trust Company, with BNY serving as its primary reserve custodian; Ripple says its reserves include dollar deposits, short-term US Treasuries and cash equivalents. Listing and transfer access do not guarantee direct redemption, which depends on eligibility, platform rules, liquidity and banking arrangements. The listing is not a direct signal for XRP: RLUSD and XRP are separate assets. Traders can monitor RLUSD liquidity, trading depth, network balances and real-world use, while checking regional availability, network fees and redemption terms.