Crypto News

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.

CoinShares’ Zcash ETP, ticker ZCSH, resumed trading on Euronext Paris at noon CET on 28 October, hours after a settlement-related suspension delayed its scheduled debut. Euronext cited the central securities depository’s inability to support standard settlement operations; CoinShares said the issue was unrelated to the firm. The exchange had not publicly confirmed the resumption, and no further technical details were reported. The CoinShares Zcash ETP is the fourth European product offering exposure to ZEC, alongside products from 21Shares, Virtune and Valour. The same-day restart points to a temporary market-infrastructure issue rather than a change in the outlook for Zcash, though the interruption may have affected initial trading activity.

BitGo and Solana DeFi platform Jupiter have launched a dedicated validator for institutional SOL staking. BitGo clients can delegate SOL through their existing custody accounts without moving assets to an external provider, while SOL remains in cold storage and established custody and approval processes stay in place. The service offers exposure to Solana network inflation rewards and a share of validator MEV revenue, but returns vary with network conditions and validator performance. Jupiter reported 100% uptime and a 0.008% skip rate over a recent 30-day period. BitGo says its platform includes up to $250 million in insurance and bankruptcy-remote protections. The integration could make native SOL staking more accessible to institutions with restrictions on transferring assets or using liquid staking tokens. It expands Jupiter’s role in institutional Solana services, but does not guarantee returns or signal a change in SOL’s price. Wider stake concentration at a large validator could also raise decentralization concerns.

Bitwise’s 2027 long-term capital market assumptions report puts Bitcoin at $1.6 million by 2036 in its base case, raising its earlier forecast of $1.3 million by 2035. From a reference price of about $83,500, the new target implies a 34.3% annualised return. Bitwise expects Bitcoin to capture 25% of the combined Bitcoin-and-gold store-of-value market, supported by limited supply, institutional adoption and demand for hard assets. The report also considers Bitcoin’s volatility, its correlation with US stocks and potential institutional allocations of 1% to 5%. It flags quantum computing, AI-related disruption and regulatory changes as risks. The later summary confirms the $1.6 million forecast but provides no additional supporting assumptions. This is a long-term scenario, not a short-term price target or guarantee, so it is not by itself a near-term trading signal.

Anthropic’s IPO filing warns that its public advocacy for AI safety and related policy positions could expose the company to government scrutiny or retaliation. The warning follows disputes with the Trump administration, including a Pentagon supply-chain risk designation after Anthropic refused to loosen safeguards on autonomous weapons and mass surveillance, and export restrictions that temporarily disrupted access to some models. Anthropic says similar measures could return, disrupting model launches, customer and partner relationships, and commercial operations. While government contracts account for less than 1% of annual revenue, political pressure could still prompt wider regulatory scrutiny and affect business ties. The company also warns that future export controls or AI-related cybersecurity and biological safety incidents could hinder deployment, international expansion and growth. Regulations it supports may raise compliance costs and slow product development. Anthropic says it will continue its policy advocacy while improving communication with officials. For investors assessing the Anthropic IPO, these political and regulatory risks could weigh on growth expectations; the filing has no direct connection to cryptocurrency prices.

US September PCE inflation remained elevated, reinforcing concerns that the Federal Reserve may keep rates higher for longer. The personal consumption expenditures (PCE) price index rose 3.6% year over year and 0.5% month over month. Core PCE, which excludes food and energy, increased 3.1% annually and 0.3% monthly—both annual rates remain above the Fed’s 2% target. Nominal consumer spending rose 0.5% in September, led by services, but inflation-adjusted real PCE was nearly flat. Personal income increased 0.2%, while real disposable income fell 0.3%. The personal saving rate was 3.8%. The data arrived after the Fed held its policy rate at 3.75%–4.00%, with two officials dissenting in favor of a quarter-point increase. Sticky PCE inflation could support expectations of tighter monetary policy, keeping traders focused on rate decisions, Treasury yields and risk-sensitive assets such as Bitcoin. The figures do not by themselves determine the Fed’s next move; upcoming inflation and employment data will also shape market expectations.

Ethereum has fallen about 15% over the past month and is trading just above $2,300, with analysts warning that the price could drop to $2,000. On-chain analyst Ali Martinez said large investors sold around 160,000 ETH, worth nearly $350 million, in five days. Exchange balances also increased by 100,000 ETH, potentially putting more tokens within reach of sellers. Martinez added that ETH had lost support near $2,385 and that its chart pattern points to further downside if selling continues. Another trader said failure to reclaim $2,400 could leave Ethereum vulnerable to a fall below $2,200. There are also signs of possible short-term support. One large trader reportedly opened a $45 million ETH long position with 25x leverage and has recorded a 100% win rate across 20 trades, though the claim does not establish that the trader has inside information. Ethereum’s Relative Strength Index is just above 30, near the oversold zone, which can precede a rebound but does not guarantee one. Overall, whale selling and technical weakness pose downside risks, while the leveraged long and low RSI offer potential counter-signals.

Polygon Open Money Stack (OMS) now supports Solana, allowing businesses to manage stablecoin payments from bank deposits through cross-chain transfers to payouts. The service combines fiat on- and off-ramps, virtual accounts, embedded Solana wallets, payment routing and cash-out options in one product flow. Polygon says its regulated fiat infrastructure is backed by money transmitter licences in 48 US states. OMS supports USDC, USDT, PYUSD, SOL and wrapped SOL, routing assets between Solana, TRON and EVM chains. Businesses can also use selected components alongside their own wallets, compliance providers or settlement systems. The integration targets fintechs, payment apps, marketplaces and other platforms building on Solana. Polygon cites more than $2 trillion in quarterly stablecoin volume on Solana, and says the expansion lets businesses keep Solana as their settlement layer while adding tools for real-world payments. The announcement is an infrastructure expansion; the article does not report new transaction volumes or customer adoption.

Bitcoin ETFs recorded $137 million in net inflows on Wednesday, bringing October flows close to breakeven after a mid-month deficit of $907 million. The shift follows a broader change in ownership: nine hedge funds and banks sold about 68,000 BTC worth of ETF shares over nine months, while sovereign wealth funds, wealth managers and other investors added exposure. Since June, funds have reportedly bought back 87,000 BTC, this time through direct purchases rather than basis-trade arbitrage. The article says the arbitrage trade became less attractive as its annualized return fell from 7.9% to 4.8%, leaving an estimated 1.5 percentage points over cash after costs. Meanwhile, the Federal Reserve held rates at 3.75%–4.00%, and market expectations for further rate hikes eased, potentially supporting risk assets. Bitcoin was trading near $80,000, down about 2% over 24 hours, while Ethereum and Solana also declined. Other developments included a planned NYSE-parent partnership with Trade.xyz to offer regulated US perpetual futures using Hyperliquid infrastructure, pending approval; Visa’s stablecoin settlement volume exceeding $25 billion annualized, more than ten times last year’s level; and $21 million in net outflows from ETH ETFs. The ETF flow reversal and reported institutional buying may support sentiment, though short-term price action remains exposed to macro conditions and market volatility.

Bitcoin lending and yield generation could create a new source of institutional demand, according to a report from Bitcoin infrastructure developer RootstockLabs. The report estimates that only 1.5% of Bitcoin’s supply is currently used in lending and Bitcoin-native finance, while identifiable institutional investors hold about 3.9 million BTC. RootstockLabs says lending, structured credit and using Bitcoin as collateral could help institutions earn returns on existing holdings and improve balance-sheet efficiency. In a hypothetical scenario where institutional holdings double to 7.8 million BTC, a 5% yield on 5% of those holdings would generate 19,500 BTC a year. The report presents this as potential returns, not a forecast of new demand. The report also highlights risks from leverage, rehypothecation, custody failures, borrower defaults and legal uncertainty. RootstockLabs institutional propositions director Tony DiCarlo said Bitcoin’s verifiable collateral and programmable liquidation rules may mitigate some risks, while volatility remains a concern. He cited a $750 million Bitcoin-backed loan by MARA to help finance a planned Ohio power plant acquisition as an example of Bitcoin being used for real-world financing.

Chainalysis traced a network of Russian intermediaries that helped North Korean IT workers convert millions of dollars in cryptocurrency into cash through the Russian exchange Garantex. The findings followed US sanctions against 10 people and one entity accused of helping North Korean government-run IT schemes fund weapons programmes. The US Treasury said Russian national Ilya Boykov converted about $3.5 million in cryptocurrency for sanctioned company Alis since 2024. Another Russian, Vitold Obertas, allegedly handled nearly $2 million in conversions for North Korean officials since January 2025. Chainalysis described one route in which a North Korean worker’s stablecoin payments were converted into Ether (ETH), consolidated, sent to Boykov, and then transferred to Garantex for cash-out. The case highlights ongoing risks from North Korean IT workers using false identities to obtain jobs at crypto firms, as well as scrutiny of exchanges and intermediaries facilitating illicit crypto flows.

Russia’s central bank has registered NAUFOR as the country’s first self-regulatory organization for crypto exchangers and digital depositories. The move adds an industry body to Russia’s developing crypto regulation framework, with a role in setting standards and supporting compliance. The central bank’s registries currently list 23 crypto-exchange participants and eight digital depositories, including entities linked to VTB, Sberbank and T-Bank. The development signals closer formal oversight of Russia’s crypto sector, but the article gives no details on new rules or enforcement measures. Its immediate effect on crypto trading and Bitcoin prices is therefore uncertain.

US core PCE inflation rose to 2.5% year over year in September, above the 2.4% forecast but below the previous 3.3% reading. The Federal Reserve’s preferred gauge of underlying inflation remains above its 2% target, suggesting price pressures have not fully eased. The data could encourage a more cautious Fed stance on interest rates. For crypto traders, the prospect of tighter monetary policy may weigh on risk appetite, although the article reports no specific market price reaction. Bitcoin prediction markets showed a lower likelihood of BTC reaching $78,000. Traders will watch comments from Fed Chair Jerome Powell and subsequent rate expectations for clues about the dollar, broader markets and crypto assets.

Lookonchain reported that five crypto whales opened long positions in HYPE over several hours, totaling 597,912 HYPE worth about $52.7 million. The sizeable HYPE positions point to a bullish bet by these traders, but the report does not specify leverage, entry prices or whether the positions remain open.

US third-quarter GDP grew at an annualised rate of 3.4%, accelerating from 2.2% in the second quarter and beating analysts’ 3.2% forecast. US third-quarter GDP growth was supported by strong investment in AI data centres and advanced technology equipment, while consumer spending remained resilient despite persistent inflation. Federal Reserve Chair Warsh said economic momentum had strengthened and capital spending was historically high as a share of GDP. The stronger growth highlights the resilience of the US economy, but may also keep attention on inflation and the path of interest rates.

On-chain monitoring firm MLM says 625,000 HYPE, previously idle for nearly three weeks, has moved to a new wallet and from HyperEVM to Hypercore. The wallet’s funding is linked to addresses associated with TradeXYZ’s purchases on Hyperliquid, and the tokens may belong to TradeXYZ. The transfer comes from a 3.75 million HYPE over-the-counter trade last month: 3.125 million HYPE was staked in a single wallet, while the remaining 625,000 HYPE was initially sent elsewhere. MLM speculates that ICE bought the full 3.75 million HYPE and that the latest transfer may be part of an investment in TradeXYZ, but neither claim has been confirmed. The HYPE movement is a notable on-chain signal, not confirmation of a completed deal.

Parity Technologies CEO Gavin Wood says the company is reducing costs and roles as it shifts from developing Polkadot’s core technology to a more focused engineering operation. The company plans to concentrate on completing developer platform features, advancing Polkadot as an application platform—including engineering related to proposals for its economy—and developing JAM. Polkadot Hub is live, while the Polkadot Community Foundation is taking on a larger role in ecosystem growth and adoption. Wood said the changes reflect long-term financial planning and are intended to support Parity through its next two-year budget cycle; no further restructuring is planned during that period, barring unforeseen events. The number of affected jobs was not disclosed. For traders, the announcement signals a strategic and cost-base shift rather than a stated change to DOT’s tokenomics or network operations.

Axis Robotics (AXIS) fell about 40% in 24 hours after on-chain investigator ZachXBT reported that insiders withdrew more than 76 million AXIS tokens, worth over $12 million, from a multisig wallet and sold them through decentralised exchanges. Some tokens were also transferred to Bitget. One insider reportedly sold 42 million AXIS today and now holds more than $5.04 million in USDC across eight wallets. The reported insider selling has put AXIS under pressure and may heighten volatility as traders monitor further transfers and exchange inflows.

Strategy faces possible removal from MSCI’s global equity indexes under proposed rules for companies with limited operating assets and concentrated financial holdings. MSCI is expected to name affected companies on November 11, with changes scheduled after the market close on November 30, 2026. The decision on Strategy is not final. The proposed framework considers operating assets and financial tests, and includes safeguards for existing index constituents. Other firms, potentially including digital-asset treasury company Metaplanet and uranium investor Yellow Cake, could also be affected. JPMorgan estimates that Strategy’s removal could prompt about $2.8 billion in passive selling of its shares. If other major index providers adopt similar rules, the total could reach $8.8 billion. These estimates concern Strategy stock, not its Bitcoin holdings. MSCI’s classification could therefore pressure Strategy shares without requiring direct BTC sales. Strategy says its financing and capital-allocation model—including common stock, preferred securities and convertible debt—makes it more than a vehicle holding Bitcoin. MSCI says its rules must distinguish operating companies from firms that primarily hold financial assets. Chairman Michael Saylor has played down MSCI’s influence on capital flows and criticised its approach. For traders, the main risks are index-driven selling and potentially more difficult fundraising. A weaker share premium or softer demand for securities could constrain Strategy’s ability to finance further Bitcoin purchases. The ruling may also shape how index providers classify Bitcoin treasury companies. It could weigh indirectly on BTC sentiment, but it does not change Bitcoin’s fundamentals or automatically trigger Bitcoin sales.

Robinhood reported record third-quarter revenue of $1.42 billion, up 12% year on year, as prediction markets, options and equities offset weaker crypto trading. Crypto revenue was $120 million, down 55% from a year earlier, although it rose 20% quarter on quarter. Robinhood Chain contributed $26 million in its first quarter on mainnet; excluding the new Ethereum Layer 2 network, crypto revenue would have fallen 6% quarter on quarter. The chain, built with Arbitrum technology, processed more than $80 billion in decentralised exchange volume and generated over $50 million in fees. Traditional crypto transaction revenue was $94 million, down 6% quarter on quarter despite a 23% rise in trading volume to about $49.8 billion. Prediction-market event contracts generated $173 million, surpassing crypto revenue. Robinhood’s net income fell 14%; the latest report put it at $415 million, partly reflecting a $67 million unrealised loss on its Ventures Fund I portfolio. The company also agreed to use Ripple’s RLUSD for international settlement, treasury operations, trading and financing. Early fourth-quarter average daily volumes across equities, options and crypto were about 5% below the strong third-quarter pace. The results show Robinhood crypto revenue increasingly depends on new infrastructure while its traditional crypto trading business remains under pressure.

Coinbase applied to Brazil’s central bank on Oct. 28 for authorization to operate as a virtual asset service provider, ahead of the Oct. 30 deadline. Under Brazil’s new crypto rules, existing firms that apply on time can keep operating while their applications are reviewed. Coinbase expects its current services to continue during the review; the rules cover governance, customer asset safeguards and compliance. The Coinbase Brazil crypto license application follows filings by Binance and other platforms as the country brings crypto services under central bank supervision. Coinbase also plans to bring its “Everything Exchange” strategy to Brazil, potentially including foreign exchange and payments, but those services would need separate approval. Binance has restricted some local services and delisted 22 crypto assets. The filing supports Coinbase’s continued access to a major Latin American market, but does not announce an immediate change to trading services.

Crypto exchange HTX has agreed to stop unlawful crypto promotions to consumers in the UK until 21 October 2031, under a settlement with the Financial Conduct Authority (FCA). The pledge covers promotions through HTX’s website, apps and social media. The FCA says HTX already blocks UK customers from making deposits and new users from opening accounts. The settlement follows an FCA case brought in October 2025. Its terms are confidential, and Huobi Global S.A., the company behind HTX, did not admit liability or wrongdoing. The agreement concerns UK crypto promotions and does not itself announce a wider suspension of HTX’s services. HTX also faces separate UK and EU sanctions. The UK imposed an asset freeze on Huobi Global in May over suspected support for Russia’s government. The EU later imposed a transaction ban on HTX, effective 23 August. The developments add regulatory pressure on the exchange but are unlikely, on their own, to affect the broader crypto market significantly.

An OKX survey found that 19% of European respondents consider cryptocurrencies a better option for building long-term wealth than retirement plans, which were preferred by 8%. The results point to stronger stated confidence in crypto, although the article provides no survey methodology or evidence that respondents have changed their actual investments. The report cites the EU’s Markets in Crypto-Assets (MiCA) framework as part of the regulatory backdrop. It also notes prediction-market odds of about 1% for Ethereum reaching $10,000 by 31 December 2026. The survey signals investor sentiment, but it does not establish a direct outlook for crypto prices or Ethereum demand.

An Anthropic IPO could revive investor enthusiasm for artificial intelligence and help trigger a rebound in technology stocks, as positioning has become cautious. Deutsche Bank data shows active investors have cut US equity exposure to its lowest level in more than a month, while computer-driven funds have also reduced holdings. Goldman Sachs says its hedge fund clients sold short about $5 in stocks for every $1 they bought this month, bringing borrowed-share bets against a rally close to a five-year high. If stocks rise, short sellers may have to buy shares to close positions, potentially amplifying gains. The proposed Anthropic IPO is a possible catalyst, not a confirmed trigger; the scale and timing of any rebound remain uncertain.

Fidelity Digital Assets reported that Bitcoin’s net unrealized profit and loss (NUPL) indicator rose from 0.09 to 0.36 last quarter. The report says that historically, when Bitcoin NUPL has been around 0.36, within a range of plus or minus 0.05, the median return over the following year has been 93%. The figure is a historical observation, not a forecast or guarantee of future performance.

Kraken Prop added gold, silver, WTI and Brent oil, copper and natural gas on October 29, 2026. The new commodity markets are priced using index oracles and available for simulated trading 24/7 in supported regions, except the UAE. On plans other than Lite, Kraken Prop cut commissions on all non-crypto markets from 4 basis points to 2 basis points per side. The lower rate also covers the S&P 500 and XYZ100 indices and applies to existing evaluation and funded accounts. Crypto commissions are unchanged. Gold offers up to 5x leverage and a $500,000 notional cap on non-Lite plans; limits vary for other commodities. Lite plans retain their existing commission rate. The platform says its account limits, evaluation rules and profit share are unchanged. Trading involves simulated positions, while payouts are based on simulated performance; the article says payouts are typically made within 24 hours. The expansion gives traders more markets and lower costs, but does not represent direct trading in real commodity positions.

Bakkt (NYSE: BKKT) has raised its 2026 transaction-volume target to $3 billion, but the company’s ability to turn higher activity into lasting revenue and profit remains uncertain. An analysis by Dorine Cherop maintains a Hold view, citing low take rates, high costs, weak margins and slow customer activation. Bakkt’s prospects depend in part on expanding cross-border payments and other higher-margin transactions. Until the company demonstrates stronger unit economics and progress towards profitability, losses and potential shareholder dilution could limit the stock’s upside. The $3 billion goal is a growth signal, but execution and financial results remain key tests.

Airtm has partnered with Mastercard-owned stablecoin infrastructure provider BVNK to let users in emerging markets pay participating retailers directly from their digital wallets. The integration will run through Airtm Connect and use the Stellar blockchain for payments. The companies expect to begin rolling it out in Q4 2026, but have not yet named the first countries, merchants or supported stablecoins. The partnership will also give Airtm access to Mastercard’s Global Money Platform, which supports fiat accounts, stablecoin payments and international transfers. BVNK will add another provider to Airtm’s infrastructure for deposits, incoming transfers and merchant payments. The arrangement may make it easier for users to move between digital wallets and conventional payment systems, while expanding stablecoin use in everyday commerce.