Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Coinbase and fintech firm BVNK have mutually terminated their planned $2 billion stablecoin acquisition during the due diligence phase. The October exclusivity agreement had advanced the Coinbase BVNK acquisition to late stages, where it would have been Coinbase’s second-largest deal after the $2.9 billion Deribit purchase. The collapse of the Coinbase BVNK acquisition frees Coinbase to reallocate resources towards its institutional stablecoin services, which generated $246 million in Q3 revenue, representing 19% of total revenue. The stablecoin market currently stands at $312 billion and is projected to reach $2 trillion by 2028, supported by US regulatory initiatives like the GENIUS Act. Traditional payment networks such as Western Union, MoneyGram and SWIFT are integrating stablecoins, driving institutional adoption. Founded in 2021 and backed by Citi Ventures and Visa, BVNK processes over $20 billion in annualized transaction volume and is reassessing its strategic priorities after the deal’s termination.

Brazil crypto regulation takes effect on February 2, 2026, after the Central Bank approved Resolutions 519, 520 and 521. These rules require all virtual-asset service providers (VASPs) to register under the new Sociedades Prestadoras de Serviços de Ativos Virtuais (SPSAV) framework. Licensed VASPs face strict anti-money laundering, counter-terrorism financing and customer-protection standards. Resolution 521 treats stablecoin transfers as foreign-exchange transactions. It caps unauthorized cross-border trades at $100,000 and mandates reporting of all cross-border crypto dealings from May 4, 2026. A parallel bill proposes paying up to 50% of wages in cryptocurrency. The new framework follows a July 2025 cyberattack and aims to boost market transparency and integrity. Brazil crypto regulation offers clear guidance for firms and traders.

ClearToken has received FCA approval to launch CT Settle, a regulated crypto settlement platform based on a Delivery versus Payment (DvP) model. The platform enables simultaneous settlement of cryptocurrencies, stablecoins, and fiat currencies, reducing counterparty risk and improving liquidity by freeing up capital. As the 57th firm on the FCA Cryptoasset Register, ClearToken also gains authorised payment institution and registered cryptoasset firm status. The service is modeled on the FX market’s CLS system and lays the groundwork for a future tokenised asset clearinghouse. ClearToken plans to join the Bank of England’s digital securities sandbox to expand clearing and margin services. The BoE is also consulting on stablecoin rules, while HM Treasury drafts policies for crypto issuance, custody and trading. The UK government aims to open crypto exchange-traded notes (ETNs) to retail investors, marking a milestone for regulated digital finance.

Crypto lawyer John Deaton has launched his 2026 Massachusetts Senate campaign as a Republican challenger to Democratic incumbent Ed Markey. After securing about 40% of the vote in his 2024 primary loss to Elizabeth Warren, Deaton shifts his platform from crypto advocacy to government accountability, economic fairness and public services. He continues to accept crypto donations in BTC, ETH, SOL, XRP and DOGE, underlining the role of crypto fundraising in his campaign model. Deaton seeks backing from crypto PACs like Fairshake. His campaign emphasises support for working families, veterans and public safety. In Democratic-leaning Massachusetts, Deaton must secure the state GOP nomination and broaden his appeal to independents and working-class conservatives. Such crypto donations and pro-crypto stance could reignite national debates over crypto regulation and influence future digital asset policy.

Standard Chartered has partnered with DCS Card Centre to launch DeCard, a stablecoin credit card, in Singapore. As principal banking partner, Standard Chartered provides transaction banking services—fiat and stablecoin settlements, treasury management, liquidity oversight, and FX hedging—via API connectivity and virtual account infrastructure. The stablecoin credit card is built on Polygon’s Layer 2 network. It uses virtual accounts and APIs to clear USDC and USDT transactions in real time. DeCard’s D-Vault digital account offers flexible credit limits, seamless top-ups, and consolidated spending and repayment management. Users can spend USDC or USDT at merchants without volatility concerns. They benefit from instant payment reconciliation across multiple channels and bank-side services that bridge traditional finance and Web3. Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered, highlights the bank’s role in connecting TradFi and Web3. CEO Bill Winters predicts that all global transactions will settle on blockchains and that money will become fully digital. After its Singapore debut, DeCard will expand globally to drive mainstream blockchain payment adoption.

TeraWulf Q3 revenue reached $50.6 million, an 87% year-on-year increase driven by a strong Bitcoin rally and improved operational efficiency. The Bitcoin mining firm produced 377 BTC in Q3, down 32% from 555 BTC a year ago due to rising network difficulty and strategic timing of sales. TeraWulf optimized energy costs through advanced equipment and infrastructure upgrades, helping deliver record revenue despite lower coin output. These results could reduce immediate BTC selling pressure and support long-term market stability. Crypto traders should watch TeraWulf’s production volume, cost management and sales timing as key factors for mining profitability in a volatile market.

Solana spot ETFs have attracted nearly $600 million in assets since launch, logging net inflows for 10 consecutive days. Last week, the funds recorded $6.8 million in weekly net inflows. Bitwise’s BSOL led with $5.9 million, while Grayscale’s GSOL added $0.9 million. Overall AUM now stands at $598 million and the net asset ratio is 0.64%. Derivatives open interest remains steady at $3.4 billion and funding rates average -0.0009, indicating balanced market sentiment. SOL trades around $165, down about 1–2.3% in 24 hours, testing resistance at $170 and support at $160; a break below could target $150. On-chain metrics remain robust, with daily active addresses elevated. Strong spot demand and sustained ETF inflows highlight growing market maturity and suggest bullish momentum for SOL.

Ethereum Fusaka upgrade, set for December 3, 2025, rolls out PeerDAS to shard and sample blob data, cutting node storage and bandwidth needs by 8× and boosting Layer 2 scalability. It activates EIP-7918 and EIP-7892 to stabilize blob fees, and security EIPs (7823, 7825, 7883, 7934) to cap gas, block and transaction sizes against DoS attacks. Usability upgrades include pre-confirmations for near-instant finality, a new CLZ opcode, P-256 signature support and streamlined hardware key and mobile logins. Validator specs drop to ~25 Mb/s bandwidth and 8 GB RAM, enabling home nodes and decentralizing the network. DeFi protocols like Aave and Synthetix stand to gain faster execution, lower fees and deeper liquidity. By reducing gas costs and raising L1 throughput, the Ethereum Fusaka upgrade paves the way for high-frequency trading and “instant Ethereum” experiences. Traders should watch for increased ETH ETF flows and improved staking risk profiles as network performance drives adoption and value.

Tether, the leading stablecoin issuer, has appointed two former HSBC metals executives—Vincent Domien and Mathew O’Neill—to fortify its gold reserves strategy. The hires will manage and expand over $12 billion in physical gold backing Tether’s stablecoins and its XAUT token, leveraging HSBC’s expertise in vault operations, spot and futures trading, and LBMA clearing. In September, Tether added approximately one metric ton of gold weekly, becoming one of the largest non-state buyers amid a rebound in gold prices driven by macroeconomic uncertainty and geopolitical risks. With a USDT market cap exceeding $183 billion, $17 billion in Q3 supply growth, and $6.5 billion in excess reserves, Tether aims to diversify stablecoin collateral, enhance liquidity and storage efficiency, and roll out new gold-backed financial instruments.

Coinbase has introduced its first fiat savings product for UK customers, the Coinbase UK Savings Account, offering a competitive 3.75% AER on GBP deposits up to £85,000 with FSCS protection through ClearBank’s FCA-regulated accounts. Interest compounds daily and is credited weekly, with no minimum balance or lock-in period. This launch follows similar stablecoin yield offerings and positions Coinbase ahead of UK banks offering lower rates. By merging bank-grade insurance with crypto-platform yields, Coinbase aims to attract cautious retail investors, enhance its fiat on-ramp, and pressure mid-tier banks to improve savings rates.

DBS Bank and JPMorgan’s Kinexys have launched a cross-chain framework for instant tokenized deposits. The solution supports real-time settlements on both public and permissioned blockchains, reducing settlement times from days to seconds. Banks can issue, transfer and redeem JPMorgan Deposit Tokens (JPMD) on a public L2 base blockchain, converting them into DBS’s digital tokens or fiat. Tokenized deposits are fully backed by bank-held funds, offering programmable money features and regulatory oversight distinct from stablecoins. A proof-of-concept on the BaseScan Ethereum Layer 2 network showcases JPMD as a stablecoin alternative for institutional cash payments. The framework aims to standardize tokenized deposits, prevent ecosystem fragmentation and drive institutional adoption of programmable cross-border finance. Traders should monitor shifts in liquidity flows and emerging tokenization standards.

China’s National Computer Virus Emergency Response Center (CVERC) alleges that the US Department of Justice (DOJ) conducted an unlawful Bitcoin seizure of 127,272 BTC—valued at roughly $14.5 billion—from the LuBian mining pool after a December 2020 breach. Blockchain records show identical transaction fees, suggesting an automated transfer of dormant coins. On July 5, 2024, the funds moved to wallets linked to US authorities, followed by an official forfeiture in October 2024—marking the DOJ’s largest Bitcoin seizure to date. Prince Group founder Chen Zhi tried small BTC transfers to contact the hacker and recover his assets but received no reply. In October 2025, the DOJ indicted Chen Zhi, asserting all seized assets stemmed from crime. CVERC’s technical report disputes this, estimating 17,800 BTC were mined legitimately and 2,300 BTC were valid pool rewards, with the remainder held in exchanges. The report labels the incident an overreach of US jurisdiction and signals rising cross-border crypto tensions. Traders should monitor regulatory risks and potential market volatility as US-China disputes intensify.

RISE Labs has acquired BSX Labs, the team behind the BSX perpetuals DEX on the Base network, integrating a proven hybrid onchain orderbook engine that processed over $15 billion in trading volume since 2023 into its high-speed Ethereum Layer 2 platform. The acquisition fast-tracks development of fully onchain orderbooks with CEX-grade performance for spot and perpetual markets, enabling synchronous composability and deeper liquidity and strengthening onchain orderbooks as a bridge between DeFi and traditional finance. Retail brokers will access consolidated liquidity pools, asset issuers can seamlessly list spot and perpetual instruments, and traders gain best execution and new yield opportunities. BSX DEX operations will wind down over a week starting November 11, 2025; BSX token holders will receive a 1.5%-supply airdrop of RISE’s upcoming token and should close positions and withdraw assets per BSX blog instructions.

Sygnum Bank’s Future Finance survey of over 1,000 institutional investors across 43 countries shows resilience in institutional crypto exposure despite October’s $20 billion market downturn. 61% of institutions plan to increase crypto exposure, while only 4% anticipate cutting holdings. Diversification remains a key strategy for 57% of respondents, followed by short-term yield targets at 53%. Demand is rising for structured products such as tokenized money market funds, stablecoins and multi-asset ETPs, offering flexible positioning without overconcentration. Over 80% view BTC as a valid treasury reserve asset, and about 70% cite holding cash as an opportunity cost versus Bitcoin over the next five years. More than 70% of investors would boost allocations if staking within ETFs becomes available, underlining strong appetite for regulated yield products. Clarity on altcoin ETF approvals is delayed by the US government shutdown, with 16 applications pending at the SEC. Jurisdictions with clear frameworks, such as Switzerland and the EU under MiCA, continue to attract interest. High-net-worth individuals show even stronger conviction, with 91% believing crypto preserves long-term wealth amid fiat stability concerns. The survey underscores a shift from speculative trading to long-term crypto exposure, suggesting bullish momentum into 2026.

Crypto exchange Phemex has rolled out a comprehensive rebrand, unveiling a two-candle logo with a green-to-blue gradient and geometric typography to symbolize growth, balance and precision. The overhaul extends to its trading interface, featuring modern 3D visuals, a unified icon system and streamlined layouts for faster navigation on desktop and mobile. This marks the third logo update since Phemex launched in 2019 and initiates a wider brand architecture overhaul that will introduce a unified identity system and a “house of brands” in the coming weeks. Serving over six million users, Phemex offers spot and derivatives trading, copy trading and wealth management services secured by institutional-grade protocols. Traders can expect enhanced clarity, confidence and efficiency in their trading environment as Phemex advances its full-spectrum digital-asset ecosystem.

Crypto.com and the Sui Foundation have launched an institutional SUI custody service offering compliant cold storage, transparent audit trails and regulatory-ready processes for high-net-worth and institutional clients. The service integrates end-to-end custody infrastructure with deep liquidity pools, enabling fast, cost-efficient SUI token conversions. Crypto.com Custody’s framework delivers secure cold wallets and a robust compliance structure. Sui Foundation Managing Director Christian Thompson said the partnership creates a vital on-ramp for institutions, boosting SUI custody visibility within traditional finance. Crypto.com COO Eric Anziani emphasized the solution’s strong security and lower operational costs for large portfolios. Following recent ETF and ETN filings and new enterprise on-ramps, the SUI token rose about 5% last week. Traders should watch for increased market confidence, improved liquidity and potential volatility as institutional SUI custody expands mainstream adoption.

Propanc Biopharma has agreed with Hexstone Capital to establish a crypto treasury of up to $100 million. The private placement, structured as convertible preferred stock, begins with a $1 million initial investment and allows for a further $99 million over 12 months. The move diversifies Propanc’s balance sheet and funds its proenzyme-based PRP cancer therapy, which targets metastatic solid tumors and is slated for Phase I trials in H2 2026. Though Propanc has not disclosed exact crypto allocations, market observers expect Bitcoin (BTC), Ether (ETH) and Solana (SOL) to feature prominently, aligning with Hexstone’s portfolio. The creation of a digital asset treasury underscores a growing trend of biotech companies tapping crypto markets for financing. This strategy, however, introduces volatility, regulatory and custody challenges. Propanc’s Nasdaq-listed shares fell 12% on the news, reflecting investor caution over corporate crypto treasuries. Traders should watch Propanc’s detailed crypto allocation policy and PRP trial milestones. These factors could act as catalysts for both the biotech and digital asset markets, influencing crypto treasury demand and token prices.

The US Senate Agriculture Committee on November 10 unveiled a draft bill to establish clearer crypto oversight by splitting responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) under the Commodity Exchange Act. The proposal defines “digital commodities,” blockchain, DeFi and DAOs, and adds investor protections. It mandates joint rulemaking on margin requirements and intermediary oversight. Sections covering decentralized finance remain under negotiation, with developers seeking legal clarity. Senators John Boozman and Cory Booker co-sponsored the bill, which also addresses CFTC staffing limits and proposes industry fees for funding. Lawmakers expect committee votes by year-end and possible Senate approval by Q1 2026. Traders should monitor evolving crypto oversight rules as expanded CFTC jurisdiction could reshape compliance and trading strategies.

China’s National Computer Virus Emergency Response Center (CVERC) has accused the US government of orchestrating a state-level hack in 2020 that stole 127,000 Bitcoin (BTC) from the LuBian mining pool. The coins, worth $1.27 billion at the time, now exceed $13 billion in market value. Blockchain analytics firm Arkham Intelligence traced significant asset movements and confirmed that US authorities controlled these wallets by mid-2024. The US Department of Justice defends the seizure as a lawful action against stolen assets. Meanwhile, US agencies have ramped up efforts to target alleged crypto scam networks. Beijing’s allegations highlight rising geopolitical tensions around cross-border digital asset enforcement. Traders should watch for potential volatility in Bitcoin prices as regulatory risks intensify.

Gemini Q3 earnings fell short as the crypto exchange posted a net loss of $159.5 million ($6.67 per share), doubling analysts’ forecasts in its first report post-IPO. Despite revenue surging to $50.6 million—outpacing Coinbase’s growth—heavy marketing and IPO-related costs weighed on results. Shares slid over 8% in pre-market trading, extending declines since the September IPO. Gemini Q3 earnings also reflect gains from trading volume, staking services and a crypto rewards credit card, and CFO Dan Chen confirmed a strong balance sheet and ample liquidity. Looking ahead, Gemini plans to develop a multi-product “super app” integrating tokenized dollars, stocks and digital goods. The company has also applied to the CFTC for regulated prediction markets for sports and political events. Traders should monitor market reactions as these long-term initiatives unfold.

Bitcoin Santa Rally prospects are building as historical data from Coinglass shows gains in six of the last eight Decembers, averaging 8–46%. Market sentiment, per LVRG Research, has shifted from panic selling to strategic accumulation by long-term holders ahead of the year-end asset reallocation. Expectations of Fed rate cuts and US fiscal measures—such as a $2,000 tariff bonus and a 50-year mortgage plan—are seen as fresh liquidity stimulus. SignalPlus experts warn these initiatives may drive risk asset inflows and heighten year-end volatility. Traders should track Fed announcements, trading volumes, and market sentiment for potential double-digit gains during the December Santa Rally.

CleanSpark has launched a $1.15 billion senior convertible bond offering set to close on November 13. The Nasdaq-listed miner expects net proceeds of $1.13 billion (or $1.28 billion with full exercise) to fund bitcoin mining expansion, land and power acquisitions, and build out AI data centers. A $460 million tranche will repurchase common shares at $15.03 each to optimize capital structure. Proceeds will also repay bitcoin-secured debt and cover general corporate expenses. As the world’s second-largest miner with 46.6 EH/s hash rate, CleanSpark is deepening its footprint ahead of the next bitcoin halving. Its move into AI infrastructure aims to diversify revenue and align crypto mining with high-growth AI services. This convertible bond offering follows a $550 million capital raise in December 2024, underscoring CleanSpark’s strategy to balance growth with shareholder returns.

Bitcoin quantum risk from advances in quantum computing could soon threaten Bitcoin’s cryptography. Analyst Willy Woo recommends storing BTC in SegWit wallets for the next seven years. SegWit wallets delay public key exposure until spending. This approach narrows the quantum attack window. Critics such as Charles Edwards warn that SegWit wallets are not truly quantum-resistant and may delay a protocol upgrade. Others dismiss the quantum computing threat as distant and overstated. Any outgoing transaction still exposes a public key, leaving funds vulnerable if quantum decryption matures early. This debate over Bitcoin quantum risk highlights the urgency of a quantum-resistant cryptography upgrade.

Bitwise’s Chainlink ETF (ticker CLNK) is now listed on the DTCC platform, marking full readiness for clearing and settlement. The product only awaits final SEC approval before trading can commence on U.S. exchanges. This milestone reflects broader regulatory acceptance of spot crypto ETFs after recent approvals for Solana (SOL), Litecoin (LTC) and Hedera (HBAR) funds. Institutional interest in the Chainlink ETF is underscored by similar proposals from Grayscale and Tuttle Capital. Meanwhile, LINK’s price dipped 6.5% over 24 hours, mirroring Bitcoin’s movements. On the same DTCC list, five spot XRP ETF filings appear, and Grayscale plans to convert its XRP Trust into a spot ETF.

The Bank of England has proposed stricter stablecoin regulation to shore up financial stability after the 2023 SVB collapse triggered USDC’s depeg. Under the draft stablecoin regulation framework, individuals face a holding cap of £10,000 (down from an initial £20,000 proposal) and businesses a £10 million cap. Issuers must deposit 40% of token reserves at the BoE without earning interest. The BoE will oversee payment-focused stablecoins, while the FCA covers trading tokens. The UK is coordinating with US regulators to finalize rules next year. The global stablecoin market stands at $312 billion. Meanwhile, Coinbase’s planned $2 billion partnership with BVNK has been shelved, potentially slowing local stablecoin adoption. Traders should monitor how these reserve and cap requirements affect stablecoin liquidity, issuer funding, and market flows.

Bitcoin mining faces a squeeze as rising energy costs and growing AI computing demand drive up power prices, eroding mining profitability across the sector. MARA Holdings CEO Fred Thiel warns that smaller operations without access to ultra-low-cost power risk being squeezed out. Leading miners are repurposing spare capacity for AI hosting and high-performance computing services to diversify revenue and offset shrinking Bitcoin mining margins. Companies are also forging strategic energy partnerships and investing in on-site generation to secure stable power. With the next Bitcoin halving in 2028 set to cut block rewards to 1.5 BTC, analysts predict only miners with flexible infrastructure, diversified services, or proprietary power sources will remain profitable post-halving.

AMD forecasts a 35% compound annual growth rate over the next three to five years, driven by strong AI data center hardware demand. The company projects its AI data-center unit to grow 80% annually, aiming for tens of billions in sales by 2027. Strategic multi-year GPU supply agreements with OpenAI, Oracle and Meta, alongside best-selling EPYC server processors, underpin AMD’s push for double-digit share in a larger AI data center market and to outpace its gaming segment. AMD also raised its total AI hardware market forecast to $1 trillion by 2030. Looking ahead, the Instinct MI400X GPUs launching in 2026 as 72-GPU rack-scale systems, and projected gross margins of 55–58%, highlight AMD’s aggressive strategy. Crypto traders should note that rising GPU demand for AI workloads could tighten supply for mining GPUs and support AMD’s stock (AMD) outlook.

Turbo Energy S.A., a Nasdaq-listed clean energy firm, has teamed up with Taurus S.A. and the Stellar Development Foundation to launch a tokenized financing pilot on the Stellar blockchain. Under this tokenized financing model, the companies will issue on-chain debt tokens for solar and battery power purchase agreements (PPAs) using Turbo Energy’s SUNBOX system. The pilot, managed via Taurus-CAPITAL, enables fractional, scalable funding for commercial and industrial renewable energy projects. By tokenizing financing, Turbo Energy aims to boost liquidity, widen investor access and streamline project funding. The successful rollout in Spain could pave the way for international expansion of blockchain-based clean energy finance.

VCI Global (NASDAQ: VCIG) will invest $100 million in OOB token to oversee the digital treasury of Singapore’s OOBIT crypto payment platform. The deal comprises a $50 million purchase from the OOB Foundation at $0.20 per token—valuing OOB token at $200 million—and a further $50 million in open-market acquisitions post-launch. Tether, via its stake in OOBIT, becomes VCI’s largest shareholder, joined by Solana co-founder Anatoly Yakovenko, CMCC Global and 468 Capital. OOBIT, launched in 2017, enables merchants to accept stablecoins such as Tether’s USDT and gold-backed XAUt, converting payments into fiat seamlessly. The average EU retail transaction is $8.36. This acquisition strengthens VCI Global’s digital finance portfolio alongside its AI and data infrastructure services and follows its $25 million Series A funding round in February 2024. The strategic move underscores growing institutional support for stablecoin-based crypto payments and may drive demand for OOB token as a digital treasury asset.