Crypto News

Hyperliquid’s non-crypto trading has grown rapidly, from zero in September 2025 to a peak of 51% of platform volume in July 2026. It represented about 30% of October volume and 40% of the $7.2 billion traded on 27 October, with single stocks the largest non-crypto category.

OpenTrade, a London-based stablecoin yield platform, has appointed former Swift CEO Lazaro Campos as chairman. The company says its total value locked (TVL) has climbed to $300 million from more than $200 million in May. It also reports over $1 billion in transactions in the past year, up from more than $600 million in cumulative volume reported earlier. Founded in 2023, OpenTrade helps businesses offer dollar- and euro-denominated stablecoin yields backed by real-world assets (RWAs). The company has raised $32 million, including a $17 million funding round announced nearly six months before the appointment. Campos brings traditional payments experience as OpenTrade seeks to build credibility with financial institutions. The growth points to continued interest in stablecoin yield products and tokenised RWAs, but the announcement names no related tradable token. Demand, yield performance and regulation remain key factors for the business.

LITE climbed 15.5% over 24 hours and gained 11.3% in one hour, reaching 993.75 USDT in an earlier MSX.COM snapshot cited by Odaily. A later update put LITE up 10.6% at 971.53 USDT, indicating it had eased from that earlier level but remained sharply higher over 24 hours. Neither report identified a catalyst or provided trading-volume data. The move points to short-term buying momentum, but traders may watch volume and whether LITE can hold its gains before concluding the rally is sustainable.

Blockchain.com has added TRX options to its Trading Account, expanding a lineup that also includes BTC, ETH, SOL, HYPE, AVAX and XRP. The cash-settled, European-style contracts are offered directly by the company rather than on an exchange, initially expire within one week and must be funded upfront with USDC. The minimum premium is $5, with fees charged separately. Buyers cannot close positions early, and their losses are limited to the premium and applicable fees. Access is restricted in the US, UK, Canada and other excluded markets, subject to local rules. The options are available through Blockchain.com’s consumer app to eligible users in supported jurisdictions. TRON founder Justin Sun said the product offers another way to gain exposure to the ecosystem, while Blockchain.com executive Taro Ugen pointed to the network’s scale. TRON reports more than 411 million user accounts, 15 billion transactions and over $94 billion in circulating USDT. The launch comes amid other developments in institutional access to TRON, including a US staked-TRX ETF, Anchorage Digital custody and staking support, and a tokenized credit fund issued on the network. The TRX options launch adds a trading tool but does not, by itself, signal a change in TRON’s fundamentals or price direction.

Bitcoin briefly fell below $80,000 after the Federal Reserve held its benchmark rate at 3.75%–4.00%. The 10–2 vote included Lisa Cook and Beth Hammack dissenting in favour of a 0.25 percentage-point rate increase, keeping borrowing-cost concerns in focus. Bitcoin touched $79,607 before recovering to around $80,137, then was reported at about $79,811, down 1.5%. Weakness in technology stocks, including a sharp fall in Samsung shares, added to risk-off sentiment. The price decline came despite US spot Bitcoin ETFs attracting about $423.6 million in net inflows over three sessions from October 26 to 28, led by BlackRock’s IBIT. The inflows partly reversed earlier withdrawals but have not yet produced sustained price strength. Derivatives pressure remained significant: crypto futures liquidations reached about $367 million over 24 hours, including roughly $211 million in liquidated longs, while more than $69 million in Bitcoin positions were liquidated, mostly longs. Traders are watching support around $79,600–$80,000. A break below could put $78,000 and then $75,000–$76,000 in focus; reclaiming $82,000 may improve short-term momentum, with resistance around $84,000–$85,000. The US Personal Consumption Expenditures inflation report and further Fed comments may shape rate expectations. On-chain activity also offered little support: Santiment said weekday average transactions and active addresses from October 14 to 27 were below their July–September averages. The combination of hawkish Fed signals, subdued network activity and liquidations tempers the positive signal from Bitcoin ETF inflows.

Bitcoin spot ETFs recorded $137 million in net inflows on 28 October, marking a third consecutive day of inflows, according to SoSoValue. BlackRock’s IBIT attracted $136 million, while Bitwise’s BITB received about $1.32 million, meaning most of the latest daily total went to IBIT. Bitcoin spot ETFs held $104.877 billion in net assets, equal to 6.41% of Bitcoin’s market capitalisation, and cumulative net inflows reached $57.607 billion. The three-day inflow run suggests renewed demand for Bitcoin exposure through ETFs, though the concentration in IBIT is worth watching.

BNB Chain has activated the Jenner hard fork on the BNB Smart Chain testnet. Its Payment Lane feature reserves 5% of each block’s gas limit for eligible payment transactions during congestion, with governance able to raise the share to 10% and approve payment contracts. The reserved capacity is unavailable to general transactions, even when idle. Eligible payments are not guaranteed inclusion and still pay fees. The Jenner hard fork also adds millisecond-level timestamps for smart contracts and functionality for the CAS20 asset standard. Mainnet deployment was previously targeted for late November. For BNB traders, this remains a testnet infrastructure upgrade; the market impact will depend on mainnet rollout and real-world use.

US spot Bitcoin ETFs drew $176 million on Tuesday and $137 million on Wednesday, extending their inflow streak to three days. The funds attracted about $424 million over the period, recovering from nearly $774 million in outflows late last week and bringing October net inflows to $111 million. The renewed Bitcoin ETF demand suggests institutional buying has returned, although Bitcoin fell about 1% in 24 hours to $79,848. The Federal Reserve held rates at 3.75% to 4%, while Chair Kevin Warsh said inflation remained above the 2% target. The Crypto Fear & Greed Index stayed neutral at 51. Ether ETFs diverged, recording about $149 million in outflows on Monday and Tuesday and a further $21 million on Wednesday, taking October net outflows to $1.35 billion. Ether slipped 1.7% to $2,310, leaving crypto market sentiment mixed despite the Bitcoin ETF inflows.

Strive bought 6,182 BTC for about $511.4 million between October 17 and 23, its largest Bitcoin purchase to date. The SEC filing put the average all-in price at $82,732 per BTC, raising the company’s holdings from 36,818 to 43,000 BTC. That follows a rapid October expansion from 28,000 BTC at September’s end. Strive reported $504.4 million in cash and cash equivalents on October 23, up $186.9 million in a week, while its total Bitcoin holdings had cost about $3.8 billion at an average of roughly $87,785 per BTC. Bitcoin was trading near $81,000, below that average cost. Strive also announced a $1 billion at-the-market programme for its 15% Series A Perpetual SATS preferred stock, alongside reported preferred-stock fundraising. However, disclosures do not establish that these financing measures funded the Bitcoin purchase. The acquisition adds to corporate Bitcoin demand, but price volatility, financing costs and potential dilution remain risks.

Russia is preparing a common crypto investor testing standard for regulated platforms, with brokers potentially starting client assessments by late November. NAUFOR says the standards have been finalised, while the draft was submitted to a Bank of Russia committee for review. Test results are expected to be recognised across licensed platforms using consistent procedures. Earlier draft proposals outlined separate rules for qualified and nonqualified investors. Retail investors would take a basic test and face a proposed annual purchase limit of 300,000 rubles per intermediary for approved, highly liquid crypto assets. Qualified investors would have broader access without an equivalent cap, but would still need to demonstrate knowledge of the risks. Bitcoin, Ether and USDT were among the assets proposed for regulated trading. The latest announcement does not confirm test content or how testing will affect access to crypto assets. NAUFOR is also developing a separate test for digital financial assets; the existing 600,000-ruble annual limit for certain nonqualified investors remains unchanged.

Marvell is reportedly in advanced talks to acquire optical-components maker Lumentum, potentially in a deal worth $90 billion to $100 billion. An agreement could be announced as soon as early November, but talks remain unconfirmed and may still be delayed or fall through. Marvell’s potential Lumentum deal would combine Lumentum’s lasers and indium phosphide manufacturing capacity with Marvell’s optical DSP and custom-chip businesses, positioning the companies to meet rising AI data-centre demand for high-speed optical connections as copper links approach practical limits. Lumentum has said some capacity is booked through early 2029 and demand for key products may outstrip supply. Shares initially moved sharply after reports emerged; later trading saw Marvell fall more than 8% and Lumentum rise about 9%, while Coherent also gained. Investors are weighing the strategic benefits against the likely high price, potential dilution and debt, and pressure on Marvell’s margins. Some customers could shift orders to Coherent to preserve supplier choice. The news concerns semiconductor and AI infrastructure rather than cryptocurrency directly, so any crypto-market effect is likely to be indirect and limited.

Sony has launched a global Soneium incubation program to help creators and startups turn blockchain entertainment ideas into commercial products. Selected teams will receive technical infrastructure, business development, marketing, community support and opportunities to work with Sony Group companies and meet potential investors. The program targets services for digital content, fan communities and creator revenue. Applications are open from October to December 2026, with selections expected to continue through March 2027; Sony has not said how many teams will be chosen or guaranteed direct funding. The initiative follows two earlier rounds that supported 43 projects since 2024. It comes as Soneium explores tokenized entertainment across music, anime and gaming, alongside a proposed native token and creator-funding tools. No token has launched, and supply and distribution details remain undisclosed. Soneium, an Ethereum layer 2 network developed by Sony and Startale Group, launched its mainnet in January 2025. The program may attract more developers and users to Soneium, but its impact on network activity and the proposed token remains uncertain.

Ethereum developers have patched a deposit-redirection flaw in draft rules for Glamsterdam, the network’s upcoming upgrade. Under the ePBS design, deposits intended for new validators could have been misattributed to a builder if both used the same public key, potentially leaving the validator uncreated and the staking service without a clear recovery route. A Lido community researcher identified the conditional risk and considered possible exposure at Lido, Origin and Rocket Pool; no attack or fund loss has been reported. After an initial rejection on October 19 over limited client support, the rule change was merged into the consensus specifications between October 23 and 28, 2026. It assigns pending deposits by withdrawal credentials, separating validator deposits even when public keys are shared. Sepolia reportedly tested the update successfully, while Hoodi’s activation was postponed. Client implementation and Hoodi’s rescheduled test remain important milestones. The pre-deployment Glamsterdam fix limits immediate security concerns for ETH staking, though traders should watch upgrade readiness for possible effects on confidence and network stability.

Alipay says it does not authorize third-party platforms to use its payment services for cryptocurrency trading, rejecting the impression that Peer’s USDC peer-to-peer service is supported by the payment provider. Alipay warned that unauthorized services could put users’ funds and accounts at risk, and said it has monitored and restricted crypto-related activity for years in line with China’s rules. Peer announced the beta service on October 27. It said that since August 21, the platform had recorded 107 transactions involving 45 buyers, worth about $7,094. Peer’s figures were not independently confirmed by Alipay. The company said yuan payments pass between users while USDC is transferred through onchain escrow, and clarified that it has no formal partnership or integration with Alipay. China prohibits virtual-currency trading and related fiat-to-crypto services. The Alipay warning highlights compliance risks for traders using domestic payment channels, but the reported volume is small and is unlikely to materially affect USDC’s price or the wider crypto market.

Blockchain data provider Allium detected unauthorized access to some systems on October 25, temporarily disrupting services. It restricted access, secured its systems and notified affected customers. Allium also hired an independent cybersecurity firm to investigate and is strengthening authentication and monitoring. The company has not disclosed how the intrusion occurred or whether customer information was taken. By October 28, Allium had restored its app, Explorer and Explorer APIs, as well as data feeds for Snowflake, Databricks and Google BigQuery. It revoked existing API keys and advised customers to reset passwords and enable multifactor authentication. Some services, including Allium Assistant and its Model Context Protocol offering, remained unavailable while the company checked and backfilled affected blockchain datasets. Allium said it plans to publish investigation findings and corrective steps, but has not given a timeline. Allium serves institutional customers including Visa, Stripe and Coinbase; the disclosure does not indicate that those companies’ systems were accessed. The Allium security incident highlights operational and data-integrity risks for businesses relying on blockchain analytics, but no direct impact on crypto assets has been reported.

Hyperliquid has permanently burned 49.87 million HYPE tokens, valued at about $3.89 billion and equal to nearly 5% of its 1 billion maximum supply, according to reports. The burn reduces available supply, but does not guarantee a price rise. Over the 24 hours reported, another 19,700 HYPE, worth about $1.59 million, was burned; estimated fees were $1.69 million. Cumulative fee revenue reached $1.38 billion. Meanwhile, prediction-market odds of HYPE reaching $100 by 31 December fell to 23%, suggesting limited confidence in that target. Traders may monitor HYPE’s price and trading volume for signs of a market response.

Microsoft earnings for fiscal Q1 2027 showed revenue up 19% year on year to $92.28 billion, while adjusted earnings per share reached $4.89; both exceeded expectations. Azure revenue rose 48% to $33.17 billion, ahead of forecasts, and Microsoft guided to 49%–50% growth next quarter. The company said customer demand still exceeds available computing capacity, supporting the case that AI cloud demand is turning into sales, although it did not disclose generative AI revenue separately. The growth comes with a significant infrastructure bill. Cash capital expenditure more than doubled to $39.37 billion, and capital spending plus finance lease costs totaled $45.2 billion. Operating cash flow climbed 29% to $58 billion, but free cash flow fell about 27% to $18.63 billion. Microsoft expects second-quarter capital spending to exceed $50 billion. Operating margin expanded to 49.8%, showing resilience despite the investment. Some traditional businesses weakened: Windows OEM and devices revenue fell 22%, and Xbox content and services revenue declined 2%. Microsoft also offered voluntary departure packages to about 60,000 employees. Its shares rose as much as 5% in after-hours trading after the results. For crypto traders, the Microsoft earnings report is a broader indicator of appetite for AI and technology stocks, not a direct catalyst for any named cryptocurrency. Azure momentum may support risk sentiment toward technology, while falling free cash flow and rising AI infrastructure costs could renew concern about valuations and capital intensity. The key test is whether demand and capacity utilization generate durable returns.

CoinJar has added Hyperliquid (HYPE) to its crypto exchange, expanding access to the token. Customers can buy and sell HYPE through CoinJar’s website or app; the earlier listing details also said users could store and send it and view real-time prices and market data in the updated app. Hyperliquid is a layer-1 blockchain built for trading, with onchain order books for perpetual futures and spot markets. HYPE, the network’s native token, is used for staking, network fees and trading fee discounts. The listing may make HYPE easier for CoinJar customers to access, but it does not change the token’s underlying risks.

An earlier MSX.com update put SKHY up 12% over 24 hours at 163.17 USDT. The later update showed SKHY trading at 165.11 USDT, with its reported 24-hour gain easing to 10.8%. Neither report explained the move, and the latest provided no trading-volume or broader market data. Traders can monitor SKHY’s price action and liquidity for signs of follow-through; the figures alone do not confirm a sustained trend or catalyst.

The US Commodity Futures Trading Commission (CFTC) will hold a public roundtable in Washington, D.C., on Dec. 15 to examine the operational and risk-management challenges of 24/7 derivatives trading. The session will be livestreamed and follows the agency’s summer request for public comment on extending trading hours for standard futures and introducing perpetual contracts. Topics will include overnight trading, tokenized assets, and the infrastructure, staffing and operational readiness needed to keep markets running continuously. The discussion will focus mainly on traditional derivatives, while tokenization links the debate to digital assets. CFTC Chairman Selig has said the agency will seek industry input rather than take a one-size-fits-all approach. The CFTC 24/7 derivatives trading roundtable is for consultation and will not itself introduce new rules; its findings could inform future policy.

Datavault AI said it has been unable to withdraw Bitcoin from the Biconomy exchange since requesting a transfer in June, prompting accounting revisions and renewed concern over the company’s liquidity. In an October 26 SEC filing, the Nasdaq-listed firm said four previously filed financial reports should no longer be relied upon because Bitcoin received through a $150 million Scilex equity deal did not qualify as an asset Datavault owned. The company plans to restate the reports, reduce reported assets by $8.1 million to $92.2 million across affected dates, and reverse previously recorded crypto gains and losses. Datavault said it received 1,309.04 BTC after 19.39 BTC was deducted for prior cash advances. It later returned 491.431 BTC to Scilex for about $40.5 million, while the remaining Bitcoin stayed in a Biconomy off-chain account. A proposed $50 million Scilex purchase of the remaining 837 BTC is subject to a definitive agreement. Datavault said collecting outstanding payments from Scilex and accessing the Bitcoin are uncertain, and management is reassessing whether the company can continue as a going concern. It has not provided a timetable for filing the restated statements and warned of possible further reporting delays. Datavault AI shares fell about 50% around the disclosure, closing at $0.067 on October 28 after reaching an intraday low of $0.060. The episode highlights company-specific custody, accounting and liquidity risks for Bitcoin treasury firms; it does not, on its own, signal a broader change in Bitcoin market conditions.

The Federal Reserve kept its benchmark interest rate at 3.75%-4%, as markets expected, after a 25-basis-point increase in September. Persistent inflation, including fuel-related price pressure and sticky services inflation, is keeping the outlook uncertain. The Fed’s language has shifted towards holding rates steady while officials assess incoming data, but both articles point to the possibility of one more 25-basis-point hike in December. One article also cites futures pricing for as many as three further increases by the end of 2027, while the later article’s author expects rates could settle near 4% and remain there for years. For crypto traders, the Fed’s rate path remains important: higher rates can constrain liquidity and risk appetite, while the US dollar and inflation data may shape market direction. Since the hold was widely anticipated, upcoming CPI, PPI and PCE reports and signals on future policy are likely to matter more than the decision itself.

Itaú Unibanco, Brazil’s largest private bank, filed a crypto notice with the central bank on 27 October, ahead of the 30 October deadline for regulated firms already offering digital-asset services. The Itaú crypto filing covers client crypto trading and custody, which Brazil classifies as brokerage services. It is a formal notification, not a licence application, and requires independent technical certification. The central bank can request more information or order the bank to wind down its operations. Itaú has offered crypto trading since December 2023 and supports more than 14 assets, including Bitcoin, Ether and USDC. Brazil’s licensing framework also sets requirements for asset segregation, capital, governance and anti-money-laundering controls, with further security requirements due from 2027. From 6 November, regulated firms will also be barred from facilitating certain transactions involving unauthorised providers. The filing reflects tighter oversight and growing bank involvement, but does not itself signal a change in Itaú’s services or a direct shift in crypto demand.

SK hynix’s third-quarter results beat expectations, with revenue rising 32% quarter on quarter and 328% year on year. Strong demand and tight supply lifted DRAM and NAND prices; the later analysis reports average selling prices up more than 20% quarter on quarter and gross margin at 86%. EBITDA margin reached a record 84%, while operating income exceeded estimates. The outlook remains strong as AI demand supports memory pricing and planned capacity expansion. Long-term agreements reportedly cover about half of planned 2027–2028 capacity, with some HBM and DRAM output potentially committed through 2029. Management expects DRAM demand to grow at a mid-20% rate and NAND at a high-teens rate through 2027. SK hynix is increasing capital spending to expand DRAM and NAND production, while competition from China’s CXMT and labour pressures remain risks. The analyses cite strong cash flow and long-term contracts as potential buffers against memory-market cyclicality, and present positive valuation views, including a reported 73% forward P/E discount to the broader IT sector. For crypto traders, this is not a direct token catalyst: it may inform sentiment around AI infrastructure and semiconductor-linked risk appetite, but no cryptocurrency price impact is established. Watch AI memory demand, pricing, capacity investment and supply agreements.

An Ipsos survey found that 22% of U.S. adults have ever owned or used cryptocurrency, up from 18% in 2025. However, active crypto use in the past year remained at 13%, while the share likely to use it in the future edged up only slightly, from 16% to 17%. The growth in past ownership largely reflects people who have since stopped using crypto, indicating that broader exposure has not yet led to sustained adoption. Trust and familiarity remain obstacles to crypto adoption. Only 4% said they highly trust crypto exchanges, and just 5% expressed high trust in decentralized platforms, compared with 42% for large banks and 48% for credit unions. Only 9% felt highly familiar with crypto, and 2% were very familiar with decentralized finance (DeFi). Still, 40% said they might try DeFi, including for saving, earning interest or sending money. The survey also found that 63% believe the financial system needs an upgrade to address risks such as cybercrime and AI, and 74% value financial privacy. Yet support for candidates promoting financial innovation fell from 35% when described broadly to 13% when crypto, blockchain and DeFi were specified. For traders, the findings suggest potential for future user growth, but weak retention and low confidence in crypto platforms remain headwinds. Active-use rates, future-user intent and trust are key indicators to monitor.

US sanctions announced by the Treasury’s Office of Foreign Assets Control (OFAC) target 10 people and one entity accused of supporting North Korean IT worker fraud and crypto laundering. The scheme allegedly used false identities to place North Korean workers at legitimate companies, then moved their earnings through cryptocurrency and financial intermediaries to support weapons programmes. The designations include Russian nationals Ilya Boykov, who allegedly exchanged about $3.5 million in crypto for the North Korea-linked Alis company since 2024, and Vitold Obertas, who allegedly converted nearly $2 million for North Korean officials since early 2025. OFAC also named North Korean nationals Kim Ki Hyok and Kim Hyo Dong, who reportedly managed worker teams in Russia, Russia-based FFTDC, and six North Korean IT workers. The six workers reportedly generated more than $750,000 for FFTDC since 2025. The later reporting adds that Chainalysis traced flows involving worker earnings, Russian intermediaries and sanctioned exchange Garantex. It also says North Korean operatives have used generative AI to tailor job applications and hide their identities. The UN estimates the IT worker schemes generate $250 million to $600 million a year. Australia and the EU have also announced related measures. The OFAC sanctions increase screening and compliance risks for crypto firms, but target specific facilitators and do not indicate a broad change in crypto market conditions.

OpenAI is reportedly considering buying Google TPU chips, according to a person familiar with the matter. Neither company has confirmed a purchase, and the price, volume and delivery schedule are unknown. OpenAI began renting Google TPUs in June 2025 for early testing, and a job listing seeking an engineer to optimise models for TPUs suggests it may expand their use. Buying Google TPU hardware would give OpenAI a different route to computing capacity beyond cloud rentals. The possibility adds to OpenAI’s efforts to diversify its AI infrastructure. Nvidia has invested $30 billion in OpenAI after an earlier proposal of up to $100 billion, while AMD has granted OpenAI the right to buy up to 160 million shares in connection with a planned 6 gigawatts of chip deployment. OpenAI is also developing the Jalapeño inference chip with Broadcom, with deployment planned by the end of 2026. Google TPUs are also being offered through cloud providers, including Oracle, as major technology firms prepare for substantial data-centre spending. For traders, the report underscores competition among AI chip suppliers and rising demand for computing capacity, but the deal remains unconfirmed. It has no clear direct impact on cryptocurrency prices or trading activity; any broader effects would depend on how AI infrastructure spending influences technology-sector sentiment and costs over time.

Bitcoin price gains faded on Wednesday after BTC failed to break above its 50-day simple moving average near $81,831. Bitcoin briefly reached about $81,687 before retreating to $80,297, down roughly 0.3% at the time of the reports. A sustained drop below $80,565 could make another test of the 50-day average less likely. Traders were awaiting the Federal Reserve’s rate decision and Chair Kevin Warsh’s comments. CME FedWatch put the probability of rates staying at 3.75%-4% at 90.6%. US technology earnings and the Nov. 3 midterm elections were also potential market catalysts, while Fed commentary could influence expectations for a December rate move. Glassnode data showed buy orders near $80,000 had thinned to about $3.4 million, compared with roughly $42 million in bids between $78,000 and $79,000. That lower range may provide support if Bitcoin price weakens further. For traders, the failed breakout leaves BTC vulnerable to Fed-driven volatility, with the $80,565 level and the $78,000-$79,000 bid zone in focus.

Coinbase says a security incident at third-party analytics provider Amplitude exposed contact information belonging to a “small subset” of Coinbase customers. Coinbase says its own systems were not breached and customer funds remain safe. It has not disclosed the number of affected users or the specific details exposed. SlowMist security chief 23pds claimed more than 70,000 users’ contact details were obtained, but Coinbase has not confirmed that figure. The exchange says it is notifying affected customers and regulators. The Coinbase data exposure could make users more vulnerable to phishing and social engineering, so traders should be alert to suspicious messages. Amplitude has not publicly explained how the incident occurred. The disclosure came as South Korea’s Bithumb investigated possible unauthorized access to an internal workplace tool, while Daishin Securities reported a leak affecting 38,490 customers. The incidents highlight third-party and workplace-system security risks, but no loss of crypto funds was reported in the Coinbase case. Coinbase also disclosed a separate breach in May 2025 that affected fewer than 1% of its monthly transacting users and could cost up to $400 million to address. The latest vendor incident’s scale and financial impact remain unclear.