Crypto News

Lynas Rare Earths reported record gross sales and record production for the quarter ended 30 September 2026, according to interim chief executive Pol Le Roux. The company said gross sales reached AUD 310, though the available transcript excerpt does not specify the unit or provide further financial details. Le Roux described the quarter as highly rewarding and said Lynas was viewed as a winner in the rare earths sector. The update was delivered during the company’s quarterly results briefing.

Former FTX chief operating officer Constance Wang has criticised Netflix’s upcoming drama, “The Altruists,” for portraying the FTX collapse as a “toxic love story” between Sam Bankman-Fried and Caroline Ellison. The series is scheduled to premiere on 19 November 2026. Wang says most employees did not know about their relationship until after bankruptcy, describes a core team of fewer than 200 working 16- to 18-hour days, and disputes depictions of a party culture. She also says the show portrayed her without consulting her. Wang’s criticism follows her account of FTX’s November 2022 collapse: staff were told withdrawals were safe as customers sought to withdraw about $6 billion in 72 hours, before Bankman-Fried disclosed an estimated $8 billion shortfall. FTX had misused customer funds to support Alameda Research, contributing to bankruptcy and Bankman-Fried’s 25-year prison sentence for fraud and money laundering. The collapse affected an estimated nine million customers and investors; FTX’s bankruptcy team has recovered about $16.5 billion for repayments based on November 2022 account values. Wang was investigated but not charged and says she lost most of her FTX-related wealth. She later co-founded trading platform Pacifica, which reported $10 billion in trading volume in October 2026.

Binance Wallet will host a Predict.fun (PREDICT) Pre-TGE Prime Sale on 29 October 2026, from 16:00 to 18:00 Beijing time (UTC+8). Eligible users must hold at least 60 Binance Alpha Points, and participation will deduct 15 points. Binance has yet to disclose the sale price, allocation or other terms, and says further details will follow. The PREDICT token sale may draw attention to the project, but its direct market impact is uncertain until more information is released.

Hong Kong-listed Ruihe Digital sold 38.76 Bitcoin for approximately $3.1219 million, excluding transaction costs. The company said it plans to use the proceeds as general working capital. The Bitcoin sale is a corporate treasury move; the announcement did not specify when or how the BTC was sold.

IREN is a high-risk, leveraged play on the AI data center buildout, with its shares described as behaving like a long-dated call option. The analyst maintains a Buy rating and sets a $37.65 price target, implying about 48% upside from the roughly $25 share price cited in the title. IREN’s case rests on about $4 billion in contracted annual recurring revenue and its Microsoft partnership. But the company may need roughly $12 billion in additional funding, raising execution and dilution risks. In May, it issued $2.6 billion of convertible notes carrying 1% interest and a conversion price near $73 per share; seven months earlier, it issued $875 million of zero-coupon convertible notes. At 6.3 times the analyst’s base-case FY2028 EBITDA estimate, the valuation reflects substantial uncertainty about whether contracted data center capacity will convert into revenue on schedule. The analyst views IREN as a speculative position and would add only if November results confirm that conversion is progressing as planned. The stock could offer significant upside, but its financing needs and delivery timeline make volatility a central risk.

Moody’s assigned Ripple’s RLUSD an A2 long-term deposit rating and a P-1 short-term rating on Oct. 27, 2026, making it the first stablecoin reported to receive an investment-grade rating. The ratings cover RLUSD issued by Standard Custody & Trust Company on the XRP Ledger and Ethereum. Moody’s said RLUSD’s reserves are predominantly liquid, short-duration US government assets and cash, with a targeted 103% reserve coverage. BNY holds most of the Treasury bills and cash. Eligible institutional holders can redeem RLUSD at par within two full business days after a compliant request; direct redemption is not generally available to all holders. The agency identified limits to the rating: the issuer is not bankruptcy-remote, and holders do not directly own reserve assets. Stronger legal claims over reserves could support an upgrade, while weaker reserves, liquidity, redemption capacity, custody or operational controls could prompt a downgrade. Moody’s also said the GENIUS Act, expected to take effect in 2027, would add statutory safeguards. The rating comes as RLUSD expands institutional links. Ripple has partnered with Robinhood for institutional settlement and related services; Cross River Bank plans to support RLUSD payments and transfers; and Standard Chartered offers institutional custody through its Dubai branch and is exploring RLUSD as trading collateral. The rating may improve RLUSD’s institutional appeal, but its direct price impact is likely limited. Traders will be watching reserve quality, redemption access and regulatory implementation.

BitGo says eligible institutional clients will be able to mint, redeem and custody WisdomTree Treasury Money Market Digital Fund shares (WTGXX) through BitGo Mint. The planned service is intended to let clients access the fund without separate onboarding with WisdomTree. Eligible clients may also be able to transfer beneficial interests through the Go Network while keeping them in qualified custody, subject to availability at launch. The BitGo WTGXX integration is not yet a service available to all users: launch timing, eligibility and peer-to-peer transfer availability may change. WTGXX is an investment fund, not an insured bank account, and its value can decline. The announcement does not establish that the service will generate significant transaction volume or affect crypto prices. Traders should watch for a confirmed launch date, fees, supported payment routes and evidence of actual institutional use. The development adds to the tokenized Treasury and onchain cash-management trend, but its market impact will depend on implementation and adoption.

Crypto token launches and airdrops from three projects are approaching, although their timelines and eligibility rules differ. Flop, launched by BitMEX co-founder Arthur Hayes, is building computing and payment infrastructure for AI agents. Its planned FLOP token will pay for AI inference and related services. Flop expects to open its devnet soon; testing will not count towards token allocations, and a testnet airdrop is expected in the coming weeks. GenLayer, a blockchain protocol designed to provide AI-based arbitration for smart contracts, plans to move its public network and token to the Arbitrum ecosystem. Its GEN supply is set at 4.2 billion, with 25% allocated to the community. The mainnet and token generation event are expected in Q4 2026. The first-season airdrop snapshot and registration have already closed. Extended, an on-chain perpetual futures platform, plans to launch XTEN in November 2026 and publish its tokenomics on 31 October. It says 30% of the initial supply—300 million tokens—will go to eligible participants in its Extended Points programme. The platform moved from Starknet to Circle’s Arc network in October. These crypto token launches highlight growing links between tokens, product use and community participation, but the projects’ schedules and airdrop conditions differ.

The Federal Reserve held its policy rate at 3.75%-4.00% in a 10-2 vote, but two officials dissented in favour of a 25-basis-point hike. Chair Kevin Warsh questioned whether AI investment is insulated from higher borrowing costs, while markets raised the probability of a December rate hike to 82.6%. Treasury yields were mixed, with the 10-year yield moving above 5%. US stocks closed slightly higher, led by memory-chip and cloud infrastructure shares. SK Hynix reported record results and said HBM orders were booked through 2029. Oracle rose 10.73% after setting long-term revenue and cash-flow targets. In after-hours trading, Microsoft gained on strong Azure growth, while Alphabet fell more than 11% after weaker-than-expected earnings and negative free cash flow. The mixed tech results revived questions about AI spending and returns. Oil prices climbed amid Middle East supply concerns. WTI reached $102.78 a barrel and Brent topped $115, with Goldman Sachs estimating at least $27 of geopolitical premium in oil prices. Traders are also watching US GDP and PCE inflation data, which could influence the Fed rate outlook and risk appetite across markets.

A ransomware attack on a listed subsidiary of Japan’s GMO Internet Group has raised investor concerns and widened the group’s bond spread. The spread on a yen bond due in June 2031 rose to about 174 basis points on 28 October, up from roughly 122 basis points on 20 October, before the incident was disclosed. The 52-basis-point increase reflects concerns about potential damage to earnings and customer compensation costs. The cloud-services subsidiary disclosed unauthorised access on 21 October and said attackers had demanded about 8 billion yen ($50.7 million) in ransom. GMO refused to pay and plans to compensate customers. Attackers later published data they claimed contained customer information. GMO also operates the Z.com EX cryptocurrency exchange, but it remains unclear whether the exposed data involved the exchange. Analysts say growing AI-enabled cyberattacks could affect corporate financing and bond issuance.

A 20-year-old Canadian man, Trenton Johnston, has been sentenced to 25 months in prison by a federal judge in Miami for his role in a cryptocurrency fraud and money-laundering conspiracy. Johnston pleaded guilty and surrendered about $3.8 million in stolen cryptocurrency. He began the scheme in January 2024, when he was 17, by posing as Google technical support staff and representatives of crypto companies to trick victims into revealing wallet access codes. In one case, he and his accomplices stole 185 BTC from a California victim, worth about $13 million at the time. Johnston used proceeds from the crypto fraud to buy a Lamborghini, two BMWs and jewellery, and to pay for private jet rentals.

The US government has announced 43 stock or warrant deals involving more than 40 companies since Donald Trump began his second term, with about $30 billion involved, according to an estimate by the Council on Foreign Relations. The US government stakes cover sectors including semiconductors, critical minerals and quantum computing. One deal gave the government a 35% stake in a company seeking Venezuelan oil business. Intel is a prominent holding. In August 2025, the government acquired a 9.9% stake in the chipmaker for about $8.9 billion. Its value rose to as much as $61 billion as Intel shares climbed, then fell to about $41 billion after a market sell-off. The US government stakes therefore carry substantial exposure to equity-market swings. Some deals also include loans, supply agreements or other special terms, and the legal authority behind certain arrangements has not been fully tested.

Binance’s Agentic Wallet and related tools are helping build an on-chain economy for AI agents, with BNB Chain (BSC) projects launching new token and trading features. Binance says its wallet combines MPC Keyless security with rule-based execution and can connect to AI tools such as Claude, ChatGPT and Copilot. Agent IDs issued through the wallet surpassed 100,000 on 26 October, providing agents with an identity layer for on-chain activity. The emerging AI agent economy spans wallet infrastructure, blockchain monitoring, automated execution, DeFi and machine payments using x402. BSC launch platforms are experimenting with agent-linked tokens and trading access. Flap’s ID Agent Curve, for example, lets developers create agent tokens that can be traded through Binance chat by Agent ID holders. Other projects mentioned include Pathtrade, Nonce Protocol, gangdotfun and Four.Meme. The developments could create new use cases for AI agents and on-chain payments, but they do not establish sustained demand for any specific token. The article also warns of phishing and other security risks. Traders should treat new agent-related assets as speculative and set strict wallet permissions and spending limits.

EU energy ministers are due to meet in Luxembourg on Thursday to discuss energy supply security and rising prices as winter approaches. The talks come amid Middle East tensions, including the Iran war, and Russia’s actions in Ukraine. Ministers will also consider longer-term challenges such as climate change. The meeting could affect energy-market expectations, but the article reports no specific policy decisions. Traders will watch for measures to secure supply or ease price pressures, alongside developments in the Middle East and any changes in OPEC output. Prediction-market pricing cited in the article suggests low confidence in a scenario combining oil below $80 on November 2 with a Republican Senate win; it does not establish a direct link between the EU meeting and oil prices.

The Bangko Sentral ng Pilipinas (BSP) has urged wider use of detailed, timely and reliable statistics to guide national policy and support Philippine industries, including tourism and local businesses. The call came at the closing ceremony of the 37th National Statistics Month on Oct. 28 in Manila. BSP Assistant Governor Rogelio V. Mercado Jr. said quality data helps assess economic conditions, direct resources and shape monetary policy for sustainable growth. The Philippine Statistics Authority and other government, private-sector and academic representatives also attended. The BSP and the PSA have worked together on National Statistics Month initiatives since 2001.

Bitcoin is trading below the US spot Bitcoin ETF average cost basis of $81,500, with key support around $77,900–$78,000 and resistance at $84,000–$85,000, according to Glassnode. ETF demand has weakened: after $653 million of inflows on 19 October, most of that money flowed back out, leaving just $67 million in net inflows over two weeks. ETF trading activity has also slowed, with volume falling to about $700 million on 23 October. Order-book bids have shifted lower. Binance showed about $42 million of buy orders between $78,000 and $79,000, while bids at $80,000 had dwindled to roughly $3.4 million. Glassnode says Bitcoin has repeatedly held above the $77,900 realized market mean during recent tests, while the $84,000–$85,000 area has often capped rallies. A sustained daily close above $85,000 could turn that resistance into support. Bitcoin’s one-month realized volatility has fallen to around 25%, a historically low reading. With a Federal Reserve rate decision approaching, traders may watch for a catalyst to break the current range.

Ethereum staking grew about 19% in the first half of 2026, from roughly 36.3 million ETH at the start of the year to 43.1 million by the end of June. The figures include ETH waiting in the activation queue and exclude ETH in the exit queue. Institutional participants’ share rose from 25.9% to 35.3%, while Bitmine’s share climbed by about 10 percentage points to 11.5%. Lido remained the largest staking protocol, but its share fell from 23.9% to 21.2%. Coinbase and Binance held about 10.9% and 7.9%, respectively. These figures show growing institutional participation, but do not by themselves prove that Ethereum validators are becoming more centralized. The key distinction is between ETH ownership, validator operations and infrastructure control. Large holders may use independent operators, while many separate holders may rely on the same operator, client or cloud provider. A coordinated group controlling more than one-third of active stake could, under certain conditions, prevent Ethereum from reaching finality, making operational and infrastructure concentration important risks to monitor. Pectra’s EIP-7251 raised the maximum effective balance per validator from 32 ETH to 2,048 ETH, while retaining the 32 ETH minimum. The change can reduce validator counts and operating overhead for large stakers, and supports protocol-level compounding. For ETH traders, rising staking participation may affect liquid supply, but the reported growth and institutional shift alone do not establish a direct price direction. Validator coordination and shared infrastructure remain key indicators of Ethereum’s long-term resilience.

SmartX founder David says AI can help crypto traders filter market noise and find information suited to their risk profile, but it should support rather than replace human decisions. He warns that convincing AI analysis can make investors overestimate their understanding and take on excessive leverage or position sizes. In his view, AI-driven trading tools may move the market from a search-led model to personalised recommendations, but widely copied strategies could lose their edge. David also cautions against blindly copying traders based on profit screenshots. Investors should check a trader’s verifiable track record, strategy, holding period and risk tolerance. His own approach keeps about 80% of trading positions in large-cap assets such as BTC, ETH, BNB, SOL, HYPE and UNI, with the remainder in smaller tokens. He advises traders to preserve capital, manage positions carefully and set drawdown limits. David says SmartX is developing a social trading terminal that aims to combine centralised exchange usability with on-chain transparency. The product is in an early stage; he said the company is not preparing a token launch and expects trading fees to be its main revenue source. His broader message on AI crypto trading is that tools can improve decision-making, but survival depends on discipline and users retaining control.

Open interest in GOOGL contracts across crypto trading platforms rose 64.32% over 24 hours to about $637 million, according to CoinGlass. On Bitget, GOOGL contract open interest reached $52.69 million, up more than 69% over the same period. The increase followed Alphabet’s third-quarter earnings release, after which its shares fell nearly 10% in after-hours trading. The figures show increased activity in stock-linked derivatives, but do not indicate a direct shift in cryptocurrency market direction.

Anthropic, the company behind the Claude AI models, could begin marketing its IPO to investors during the week of Nov. 9, according to the report. The company has filed an SEC Form S-1 and is expected to list on Nasdaq under the ticker ANT, with its public debut anticipated about a week after marketing begins. The filing reportedly shows rapid revenue growth alongside a significant net loss. The Anthropic IPO will put the AI company’s finances and valuation under closer public-market scrutiny. Investors will be watching for roadshow details, updates to the S-1 and any changes to the expected listing timetable.

CF Benchmarks, an FCA-authorised benchmark administrator owned by Payward, has launched CFB Oracle on Ethereum mainnet, HyperEVM and Robinhood Chain. The oracle delivers cryptographically signed index data to onchain applications, which can verify the source and integrity of reference prices. CFB Oracle covers crypto, equities, fixed income, commodities, foreign exchange, and staking and interest-rate benchmarks. Its published methodologies and consistent data frequency for clients are intended to support uses such as onchain index funds, tokenised portfolios, lending and derivatives. CF Benchmarks says its indices underpin products representing more than $120 billion in assets. Payward plans to use CFB Oracle as a reference-price provider for a proposed US onchain perpetual futures product powered by Hyperliquid, subject to regulatory approval. The launch places CFB Oracle among oracle providers such as Chainlink and Pyth, but it does not confirm broad adoption or guarantee accurate data during market disruption. Traders will be watching for live integrations, uptime, additional network support and safeguards for stale or disrupted data. The announcement alone does not establish a near-term price impact.

Nunchuk has updated its off-chain, time-locked Bitcoin inheritance protocol to support a wider range of hardware wallets, including Ledger, Trezor, BitBox02, Blockstream Jade, Keystone, Foundation Passport and Krux. Previously, inheritance keys were limited mainly to Tapsigner and Coldcard. The update lets beneficiaries prove control of an inheritance key by signing a short claim message, so most supported devices no longer require an encrypted backup or its password. Users can instead pass on a written seed phrase, provide an encrypted backup where supported, or use both methods. Nunchuk says its servers never access users’ seed phrases. The protocol uses a “Magic Phrase” to identify an inheritance plan. Nunchuk’s platform key co-signs a withdrawal only after the selected off-chain time lock expires. Users can change the inheritance date, beneficiaries and distribution plan without moving their Bitcoin. A claim also requires the relevant inheritance key and Magic Phrase; optional buffer periods and notifications can provide additional safeguards. The feature requires Nunchuk app version 2.9.0 or later. The update concerns Nunchuk’s off-chain protocol; its separate on-chain inheritance option, which uses Miniscript and Bitcoin’s own rules, is not the focus of the announcement.

Gate Money connects fiat payments, asset conversion and everyday spending through partnerships with banks, payment firms, custodians and clearing institutions. Eligible users can manage fiat funds in their own bank accounts and transfer digital assets on supported blockchains, subject to local rules, partner availability and user eligibility. Gate Money’s services are therefore not available on identical terms in every market. Gate reports regulatory credentials across several jurisdictions: MiCA and payment institution licences in the EU, a VARA licence for its Dubai entity, AUSTRAC registration for its Australian entity, and 37 state money transmitter licences for Gate US, which says it serves 47 US states and territories. The company’s latest proof of reserves showed $8.688 billion in total reserves and an overall reserve ratio of 118.49%. BTC reserves were 25,727 BTC, at 121.60%, while ETH reserves were 449,042 ETH, at 123.78%. Gate Money’s banking and payment partnerships, regional licences and disclosed reserves are intended to support services beyond crypto trading, including payments and asset management.

Ethereum’s EIP-8450 has been updated with a proposal for registering quantum-resistant public keys for validators. It would use hash-based cryptography, including leanXMSS keys and a VRF tree root. Under EIP-8450, validators’ existing BLS signing keys would authorize registration and replacement of the new keys. Key changes would face a delay of at least one epoch, alongside replay protection. The proposal remains in Draft status and has not been deployed, so it does not currently change Ethereum’s validator operations or network security in practice.

Australia’s financial regulator says it has received no licence applications from prediction market operators. ASIC Chair Sarah Court told a parliamentary hearing that prediction markets could fall under gambling rules rather than financial-market regulation, and that any licence application would face strict scrutiny. She compared their all-or-nothing trading structure with binary options, which are banned in Australia, and warned that users of overseas platforms may lack local protections for disputes and customer funds. Polymarket was blocked by Australian internet providers in August after the communications regulator classified it as an illegal online gambling site. The action adds regulatory pressure on prediction markets in Australia, but its direct effect on broader crypto trading is likely limited.

Bitcoin may struggle to hold $80,000 in the near term, according to market commentator Digital Currency Trend Maniac, who says the medium- to long-term buy zone remains $75,000–$80,000. The US Federal Reserve held interest rates steady, while markets reportedly priced in an 80% chance of a rate hike in December. Traders were also watching the 20:30 PCE inflation release; the commentator said high oil prices made a lower-than-expected reading less likely. The article says Fed Governor Kevin Warsh discussed changing two of the eight annual policy meetings into strategy-only sessions, leaving six meetings for rate decisions from next year. That could make each rate-setting meeting more consequential for Bitcoin volatility. The near-term Bitcoin outlook is therefore cautious, while the stated longer-term accumulation strategy remains unchanged.

Nvidia CEO Jensen Huang unveiled the DSX POD at GTC Berlin, a container-sized system designed to speed up AI data-centre construction. Each pod combines seven liquid-cooled Vera Rubin NVL72 racks, with 504 Rubin GPUs and 252 Vera CPUs. Nvidia says prepared sites could be connected to existing power and cooling in as little as 14 days, compared with deployments that can take up to six months. Deliveries are expected to begin in early 2027, with 17 partners, including Dell, HPE and Lenovo, involved. Nvidia also claims the design can cut power use by up to 30% and nearly eliminate cooling-water consumption. The 14-day timeline depends on sites already having suitable infrastructure, while Huang’s projections for AI-factory revenue rely on sustained demand. The launch strengthens Nvidia’s position in AI infrastructure, but does not directly signal a change in cryptocurrency market conditions.

Sui is adding optional address-alias checking to its gRPC VerifySignature request. When enabled, the request must include an address, and the signature is checked against that address’s current aliases. If no aliases are configured, the address itself is treated as the only alias. The response includes an address_aliases_checked field to indicate whether the server applied the check. Clients must treat a missing field as meaning the check was not performed, since older servers ignore the new request option. With the option disabled, existing behaviour remains unchanged. The update also adds support through a revised Sui Rust SDK dependency and includes simulation tests for alias and signature scenarios.

Ethereum co-founder Mihai Alisie has become a core backer of Ethlabs, an independent nonprofit research and development organization focused on Ethereum. Kraken parent company Payward and Gattaca have also joined as new funders. Founded in June by five former Ethereum Foundation researchers, Ethlabs had previously received support from Ethereum treasury companies BitMine and SharpLink, as well as Ethereum co-founder and Consensys CEO Joseph Lubin. The funding announcement adds to the organization’s backing, but no funding amounts or specific research plans were disclosed.