Crypto News

US Treasury Secretary Scott Bessent said debt held by AI neocloud providers is not a critical threat, arguing that these specialist computing companies represent only a small part of the wider AI economy. He cited Meta’s equity financing as evidence that capital is still available across the sector. The comments come amid pressure on neocloud businesses. CoreWeave shares fell nearly 40% in October, while the Roundhill Neocloud ETF lost 24% over the past month. CoreWeave reported about $35 billion in debt as of June 30, 2026. Higher interest rates could make refinancing harder, particularly for speculative-grade borrowers. Elon Musk, by contrast, warned that more than 200 neocloud operators could face widespread failures and consolidation. For investors, the key questions are whether AI computing demand holds up and whether smaller providers can refinance. Bessent’s view frames AI neocloud debt as a sector-specific risk, not necessarily a threat to the broader AI economy.

Payward, Kraken’s parent company, plans to offer perpetual futures to US customers through a CFTC-regulated Hyperliquid HIP-3 deployment. The proposal is subject to regulatory approval and is not live; no production launch date has been announced. A test deployment was reported on Hyperliquid’s testnet, with the initial implementation still being tested as of October 26. Under the proposed arrangement, Payward subsidiary Bitnomial would create and administer the markets and handle clearing and settlement. NinjaTrader Clearing would carry customer accounts as a futures commission merchant. HIP-3’s optional on-chain allowlists could restrict access after identity checks, but these controls do not themselves constitute regulatory approval. Existing HIP-3 markets would remain unchanged. The plan combines Hyperliquid’s on-chain trading infrastructure with regulated market and account services. It contrasts with Lighter’s separate plan to seek CFTC designated contract market and derivatives clearing organization status in November 2026. The proposed US launch could offer a route for regulated on-chain derivatives, but its near-term impact on Hyperliquid remains uncertain until approvals and a live launch are confirmed.

predict.fun has launched a new leaderboard for Season 2, giving participants more opportunities to earn PREDICT rewards. Liquidity points (PP) can now be earned in two ways: resting limit orders are measured by how long they remain on the order book, while filled maker orders are measured by their trade value. The updated predict.fun rewards system may encourage both posted liquidity and executed trades.

The Cardano Foundation has joined Switzerland’s Capital Markets and Technology Association (CMTA), after the group recognised Cardano’s CIP-0113 standard as technically equivalent to its CMTAT framework for tokenised shares. The recognition means issuers can use CIP-0113’s programmable compliance features—including identity checks, transfer restrictions and transaction controls—for shares that may qualify for CMTA certification. It does not certify individual issuers or securities. CMTA’s decision covers equity securities only, excluding tokenised debt and Cardano’s underlying blockchain infrastructure. Issuers must still meet Swiss legal and technical requirements. Cardano launched CIP-0113 on mainnet on October 7. The Foundation says its spinout Veridian has used the standard to tokenise shares, but has not established that Veridian received CMTA certification. The move gives Cardano a route into Switzerland’s regulated tokenisation market, where Ethereum-based securities projects are already active and Securitize has announced plans to expand onto Stellar.

Bitcoin faces resistance near $85,000, where onchain data points to potential selling pressure. Glassnode says 864,520 BTC—about 4.3% of the total supply—last moved when Bitcoin traded between $84,000 and $85,000. Much of that activity was linked to one large holder moving coins between wallets, but the price range has repeatedly acted as both support and resistance over the past 11 months. Bitcoin has recorded only five daily closes above the $84,000–$85,000 band, and never more than three in a row. Glassnode says sustained daily closes above $85,000 could turn the zone back into support. The wider potential sell-side risk comes from long-term holders (LTHs), defined as entities holding coins for at least 155 days. They hold about four million BTC last moved between $85,000 and $118,000, mostly in 2025. Glassnode notes that more than half of those coins were acquired above Bitcoin’s current price, potentially giving some holders an incentive to sell if BTC recovers toward $85,000. The LTH spent output profit ratio is 0.99, indicating that moved coins are being spent at an aggregate loss.

Solana tokenized commodities reached a record supply of $63.2 million, surpassing the previous high of $50.5 million set in August 2026. Gold-backed tokens account for much of the market, while the newer silver token SILV has also attracted trading. Weekly trading volume peaked at $91.1 million, exceeding the total supply and pointing to active turnover. Raydium handled about 70% of Solana’s tokenized commodities volume in one reported week, highlighting liquidity concentration. Solana captured 28%–36% of spot DEX trading volume at points during the period, but Ethereum still holds about 95% of the overall tokenized commodities market. The figures cover different measures: trading volume versus total market share.

Five established memecoins enter November 2026 with different potential catalysts and risks. Dogecoin (DOGE), with a market value of about $12.2 billion on October 29, has added swaps and app access through the MyDoge V3 wallet update. DogeOS is still developing its Ethereum-compatible public testnet, so sustained user activity remains unproven. Shiba Inu (SHIB), valued at about $2.85 billion, has gained a trading route on Solana through Sunrise. The new access may attract traders, but liquidity, token redemption and progress on the Shibarium bridge recovery remain important considerations. Pepe (PEPE) recorded around $823 million in 24-hour trading volume, above Dogecoin’s roughly $472 million, despite a much smaller market value of about $2.07 billion. High turnover signals active trading, not necessarily lasting demand. Bonk (BONK), worth about $267 million, cites more than 1.1 million holders and over 400 ecosystem integrations. Regular product use and stronger treasury controls are key after a governance attack reportedly caused a roughly $20 million loss. Floki (FLOKI), valued at about $224 million, has a live Valhalla game; returning players and in-game spending will be more meaningful indicators than promotional activity alone. These memecoins have distinct product and trading catalysts, but none guarantees price gains. Bitcoin’s direction, interest-rate expectations, liquidity and risk appetite could affect all five. Traders should assess token demand and market depth, not just low unit prices or headline volume.

A crypto address with a reported 98% win rate across 42 BTC trades from 18 September to 29 October reduced its Bitcoin long exposure on 29 October. Between 04:01 and 08:55, it opened about $6.4 million in BTC longs and closed about $15.87 million. The address reduced its position by a net 116.48847 BTC and still held 106.17649 BTC, worth about $8.51 million. Its weighted average prices were about $81,204 for entries and $81,273 for exits. The trade shows a substantial reduction in one whale’s BTC exposure, but a single address’s activity does not establish a broader market trend.

Bermuda is partnering with WalletConnect to introduce cryptocurrency payments for local merchants, with the programme scheduled to launch in the second quarter of 2027. The rollout will begin on ticketing platform PTIX. Customers will pay directly from their crypto wallets to event organisers’ wallets, with funds expected to arrive within seconds. The initiative could offer a practical use case for crypto payments, although its initial reach will be limited to one platform.

Kraken now supports deposits and withdrawals of Global Dollar (USDG) on Arbitrum One. USDG is a US dollar-denominated stablecoin issued by Paxos and designed to be redeemable one-to-one for US dollars. On Arbitrum One, it is issued natively as an ERC-20 token, allowing direct settlement without a third-party bridge or the canonical bridge withdrawal delay. USDG trading was already available on Kraken; the update adds Arbitrum One as a funding network. Users must select Arbitrum One on both the sending platform and Kraken, as deposits sent over unsupported or mismatched networks may be lost. Geographic restrictions may apply.

Ethereum price fell about 2.1% to $2,318 on October 29, pressured by broad crypto-market weakness and continued withdrawals from U.S. spot Ethereum ETFs. The funds recorded $21.41 million in net outflows on October 28, their third consecutive day of withdrawals. BlackRock’s ETHA saw $44.83 million leave, partly offset by inflows into other funds. Combined outflows over the three sessions reached about $170.21 million. Ethereum price also faced selling from large holders: on-chain data cited by analyst Ali Martinez indicated that whale wallets shed around 160,000 ETH, worth more than $348 million. Exchange balances rose by about 100,000 ETH, a potential source of selling pressure, though the increase does not confirm that tokens were sold. Technically, ETH remained below its seven-day and 30-day moving averages, while the MACD stayed negative. Traders are watching support at $2,290–$2,300; a sustained break could expose $2,200 and $2,100. A recovery above $2,400 may improve the outlook, with $2,550 identified as a further resistance level. Separately, Ethereum developers postponed the Hoodi testnet activation for the Glamsterdam upgrade while reviewing compatibility issues; no new date or mainnet schedule was announced.

Euro stablecoins account for only a small fraction of the stablecoin market, where about 99.5% of supply is denominated in US dollars. The article argues that Europe’s regulatory clarity under MiCA has not translated into adoption: euro tokens remain fragmented across blockchain platforms, and thin trading markets make them harder to use than dollar stablecoins. The stakes are rising as stablecoin payments in Europe reached an estimated $50 billion annually by late 2025, while 58% of surveyed global corporations said they plan to adopt stablecoins within two years. The article also highlights risks from reliance on dollar-based settlement, including exposure to US sanctions and currency-conversion costs. It proposes pooling euro liquidity across different blockchains through synchronous composability enabled by zero-knowledge proofs, without relying on third-party bridges or wrapped tokens. Monerium’s EURe is already live, and Qivalis plans to issue a regulated euro stablecoin on Ethereum. The Ethereum Economic Zone (EEZ), with Gnosis Chain expected to join first, aims to connect liquidity while allowing platforms to retain their own rules. The article’s central argument is that deeper, shared markets could help euro stablecoins gain practical use in payments, settlement and collateral.

Two accounts on Hyperliquid placed more than $170 million in unusual oil orders between 8 and 10 March, earning about $119,000 after fees, according to on-chain analysis cited in the article. Solidus Labs said the activity showed characteristics of spoofing: large sell orders were repeatedly placed and cancelled while the accounts bought oil contracts on the other side. For every $1 that traded, around $30 in orders were reportedly cancelled. The activity drew attention to spoofing risks on Hyperliquid, but the article argues that the practice is not unique to decentralised exchanges. Similar order-book manipulation has been monitored on centralised exchanges, including Kraken. Hyperliquid’s public order and cancellation data made it possible for researchers to link the activity to specific accounts; comparable scrutiny is harder when centralised platforms provide only aggregated market-depth data. The case highlights the risks of relying on visible order-book walls and raises broader questions about exchange surveillance, transparency and consistent enforcement. It does not, by itself, establish that Hyperliquid is more vulnerable to spoofing than other platforms.

Zcash is debating whether to end the 8% block-reward allocation to Zcash Community Grants (ZCG), as the fund’s treasury has grown to an estimated $125 million, including assets after outstanding commitments. Co-founder Sean Bowe argues the fund can cover years of spending and has proposed redirecting future allocations to the Network Sustainability Mechanism. ZCG would keep its existing assets and grant-approval authority, while a separate 12% funding program would remain unchanged. The proposal has not been adopted. Other ideas include phasing out the allocation, abolishing the fund or moving surplus assets to a community pool. The debate follows criticism of a ZCG-funded outreach project, though Bowe’s draft does not address that controversy. For ZEC traders, this is a governance and funding debate rather than an immediate change to the issuance schedule or a clear market catalyst. Its eventual effect on developer funding and tokenomics remains uncertain.

Bitcoin struggled to hold $80,000 after volatile trading around the Federal Reserve’s decision to keep interest rates unchanged. BTC briefly rose to $81,800 after the announcement, then fell to $79,600 and remained near $80,000. The article says Fed Chair Warsh did not rule out another rate increase in December, adding to uncertainty around the Bitcoin price outlook. Altcoins also fell as the broader crypto market weakened. Ethereum dropped 2.14% to $2,320, XRP fell 3% to below $1.30, and SOL returned to $100. NEAR and BCH led losses, each down about 8%, while BTW rose 8% to nearly $1.90. The total crypto market cap declined 1.5% to $2.68 trillion, while Bitcoin dominance stood at 60%.

OKXICE’s tokenization plan has faced growing resistance: 33 of the 63 companies whose shares it proposed to tokenize had opted out by October 27, up from 22 on October 23. The list includes Adobe, AMD, IBM, Intel, Oracle, JPMorgan and Coca-Cola. Companies have not explained their decisions, but uncertainty around round-the-clock trading may be a concern. The SEC’s 30-day opt-out window still had about a week to run when the figures were reported. The objections challenge OKXICE’s proposed tokenized securities venue, but may not halt the wider move to put traditional assets on blockchain. Robinhood added eight tokenized stocks for international customers, while CEO Vlad Tenev said U.S. availability depends on regulatory clarity. Separately, DTCC’s Tokenization Service launched with 34 securities available and 20 clients, including JPMorgan and Citadel. The developments highlight both issuer concerns and growing institutional infrastructure for tokenization.

Bermuda has selected WalletConnect to enable crypto payments for Premier Tickets (PTIX), its first merchant in a planned onchain economy. The ticketing platform is expected to begin accepting payments in the second quarter of 2027, using Stellar as the settlement network and WalletConnect Pay as the checkout layer. The initiative follows Bermuda’s selection of Stellar in May 2026 and WalletConnect Pay’s addition of Stellar merchant support in September. Bermuda crypto payments are intended to help local businesses reduce reliance on card processing, which can cost merchants 3% to 5%, and in some cases as much as 10%. The fees PTIX will pay and expected savings have not been disclosed. Bermuda’s broader plan includes moving digital asset activity, wages and government fees onchain. The PTIX rollout is an initial test, and the number of merchants that may follow remains unclear. For traders, the announcement is a potential real-world adoption milestone for Stellar, but it provides no transaction-volume or revenue data yet. Bermuda crypto payments are therefore more relevant as a long-term adoption signal than as an immediate trading catalyst.

CoinDCX confirmed a 15.99 million USDT loss after funds were drained from deprecated TRON wallets on Oct. 21. The exchange said the affected wallet infrastructure had been compromised in a 2025 security incident and later retired. An automated deposit-sweeping service had failed, leaving customer deposits in the old wallets even as CoinDCX credited customers’ accounts. The company says it absorbed the loss and that customer balances, active wallets, trading and withdrawals were unaffected. Blockchain analytics firm Bitquery traced activity across 40 CoinDCX-linked wallets, reporting that about 15.82 million USDT came from a single address. Roughly 9.63 million USDT later reached addresses associated with other exchanges, while Tether reportedly froze about 2.21 million USDT across nine wallets. CoinDCX initially described the activity as a false alarm before confirming the loss. It has not disclosed why the sweeping service failed or confirmed recovery of the frozen funds. Traders will be watching for further details on the incident and evidence that CoinDCX can maintain custody and meet withdrawals.

UBS cut its 12-month KOSPI target to 7,500 from 8,000, citing concerns that a stronger South Korean won could weigh on corporate earnings. The revised KOSPI outlook reflects currency-related pressure on listed companies, though the report provides no further details on the scale or timing of the expected impact.

A crypto whale sold 694,300 HYPE worth about $53.27 million over five days, according to on-chain monitoring platform Lookonchain. The sale may add near-term supply pressure to HYPE and draw traders’ attention to price action and exchange flows. The report does not identify the whale or say whether the tokens were transferred to exchanges, so the sale alone does not confirm further selling.

Germany’s DAX 40 advanced from 25,600.82 points, up 1.9% over 24 hours in the earlier report, to 26,003.98 points in the later update. The latest data showed a 1.6% 24-hour gain, with no specific cause reported. The DAX 40’s rise may reflect broader market sentiment, but neither report identified a direct impact on cryptocurrency prices.

MEXC reported that trading volume for AI-related tokenized U.S. stocks and ETFs rose 88% month over month in September, compared with 63% growth for non-AI assets. AI-related assets made up 48% of tokenized stock and ETF spot volume, up from 44% in August. The figures reflect activity on MEXC, not the wider stock or crypto markets. Trading expanded beyond chips into AI infrastructure. Semiconductor and memory volume increased 100%, optical communications and networking rose 99%, power and energy equipment gained 96%, and computing infrastructure and data centers advanced 91%. Semiconductor and memory assets accounted for 77% of trading volume among MEXC’s 10 most-traded Stock and Index Futures. Micron, SK hynix and Sandisk led the group. Separately, Pre-IPO Futures volume grew 60%, while Japanese Stock Futures volume increased 47%. MEXC also added Taiwanese stocks to its coverage. The report highlights rising demand for AI-related tokenized stock trading and broader TradFi-linked products on the exchange. It does not establish a direct impact on cryptocurrency prices or overall market stability.

The AI investment boom is reshaping the U.S. economy, but it has not yet translated into broadly stronger growth. PIMCO says higher interest rates and tighter financial conditions are weighing more heavily on rate-sensitive sectors, including housing, small businesses, highly indebted companies and traditional business investment. Large technology companies, particularly hyperscalers, may be less affected because they have strong cash flows and invest in shorter-lived assets. Imports of AI equipment also ease pressure on U.S. capacity, while infrastructure bottlenecks could spread investment over time. Wider credit spreads, however, may make financing harder for riskier borrowers, including some AI firms. The result is an uneven economic adjustment: AI spending supports demand while higher borrowing costs constrain other parts of the economy. The balance between these forces will shape how much further rate pressure slows U.S. growth.

Bitcoin’s recovery has revived hopes of a crypto bull run, but the outlook for November remains uncertain. Coinbase Research said Bitcoin gained 43% in the third quarter, while warning that holders who bought at higher prices may sell as the market rebounds. Around 1.7 million BTC last moved between $89,600 and $93,700, a range that could bring renewed selling if prices return to it. The Federal Reserve held its benchmark rate at 3.75%–4% on October 28. Two policymakers preferred a quarter-point increase, leaving traders without a clear signal of near-term rate cuts. Elevated rates may weigh on speculative assets, although Bitcoin’s direction will also depend on market demand and positioning. The article argues that a lasting crypto bull run needs more than a brief Bitcoin rally or a short squeeze. Traders should watch whether spot buying persists, weekly US spot Bitcoin ETF flows remain positive, and Bitcoin holds gains through pullbacks. Ethereum and other major altcoins rising consistently would suggest the recovery is spreading across the market. November’s historical cycle pattern may attract attention, but it does not predict when a market low or bull run will begin.

Bullshot, infiniFi and Melee announced new developments across crypto launchpads, DeFi and prediction markets. BNB Chain-based AI meme coin launch platform Bullshot said on 27 October that it had raised $7.7 million. P2 Ventures and Animoca Brands co-led the round, with AWS and B1 Ventures among the participants. Bullshot also launched a points system. Its platform offers no-code token launches, bonding-curve trading and automatic migration to PancakeSwap, alongside anti-sniping and liquidity-lock features. DeFi protocol infiniFi is offering increased points rewards for deposits through its Points Program. Users can deposit USDC and mint iUSD, with funds allocated across strategies and protocols including Aave, Pendle and Ethena. The protocol has said it plans to hold its token generation event in the fourth quarter of 2026. Its planned INFI allocation assigns 45% to the ecosystem, 20% each to the team and investors, and 15% to the foundation. The new points allocation is fixed and will not be diluted by new participants. Solana-based prediction market Melee launched its beta on 27 October. Users can create markets on topics including sports, crypto and politics. Melee has raised $3.5 million and uses a bonding-curve-style pricing mechanism. These developments add new incentives and products for users, but the article does not report token launches or market-moving price data for the platforms. Any near-term trading effect is therefore likely to be limited and project-specific.

Arbitrum activity accelerated between October 22 and October 28, though the rise in active addresses outpaced growth in fees and transactions. On October 22, daily active addresses reached 571,767, a 90-day high and a 408.2% weekly increase, according to growthepie. Transactions rose 25.7% week over week to about 1.7 million, while chain revenue fell 2.4% to $19,300. DefiLlama reported about $1.45 billion in total value locked, and growthepie put stablecoin supply at $4.39 billion, down 5.8%. By October 28, daily active addresses had climbed to about 1.09 million, up 90.3% week over week and a 30-day high. Transactions increased 29.3% to around 2.1 million, but user-paid fees edged down 0.8% to roughly $19,100. The differing address figures come from separate reported snapshots. For traders, Arbitrum active addresses show growing network activity, but the weaker fee and revenue figures suggest the surge may include low-cost or one-off interactions rather than sustained, economically significant use. Address counts also do not represent unique users. Traders may watch whether activity and fees hold up; the data alone does not establish lasting adoption or signal a rise in ARB’s price.

US spot Bitcoin ETFs first drew about $1.075 billion over three sessions from October 19 to 21, partly reversing earlier outflows. A later update showed $424 million in inflows over three sessions, including $137.3 million on Wednesday, with BlackRock’s IBIT accounting for nearly all of that day’s purchases. The funds held $104.9 billion in assets, and October flows had only recently turned slightly positive after a $635.6 million outflow on October 22. Despite ETF demand, Bitcoin fell below $80,000 after the Federal Reserve held rates at 3.75%–4%. BTC traded near $79,899, with $79,221, the October 24 low, as near-term support. A break below it could expose the $76,264–$76,476 support zone; resistance sits near $84,898. Earlier analysis had identified $85,000–$87,500 as a major resistance band, where holders’ cost bases and sell orders could constrain a recovery. Stronger spot volume and sustained ETF inflows would help improve the outlook. The Fed’s 10–2 vote included two calls for a rate increase, keeping tighter policy in focus. Traders are watching US inflation and jobs data, the November midterm elections and the Fed’s December 9 decision; prediction markets put the odds of a December hike near 77%–79%. For Bitcoin traders, ETF inflows are a supportive demand signal, but the latest price weakness shows that macroeconomic uncertainty and tech-sector selling remain important near-term risks.

Westpac will cap customer payments to cryptocurrency exchanges at A$10,000 per month from 1 December. The Westpac crypto exchange payment limit will combine transfers made through all Westpac accounts, online banking, its app, and credit and debit cards. Once customers reach the cap, the bank may reject payments it identifies as going to crypto exchanges. No exemptions or higher limits are available. The policy is intended to combat scams. Westpac cited National Anti-Scam Centre figures showing that cryptocurrency was involved in 46% of reported scam losses last year. Payments made at bank branches are already unsupported, while transfers from exchanges into Westpac accounts are unaffected. Customers seeking to buy more than A$10,000 of bitcoin per month will need to fund the additional amount through another bank.

Bitcoin Core developers disclosed three vulnerabilities on October 28, identified through AI-assisted research by Project Loupe. The flaws could crash some non-Linux nodes, gradually exhaust memory, or corrupt blockchain undo data in extreme conditions. Fixes have been released across four maintained Bitcoin Core branches, though some 32-bit systems and nodes using FAT32 storage remain affected by the undo-file issue. The disclosures come as traders assess macroeconomic and derivatives risks. The Federal Reserve held rates at 3.75%–4.00%, while two officials favored a 25-basis-point hike. About $12.4 billion in Bitcoin options are due to expire, potentially increasing hedging activity and volatility, though expiry alone does not indicate a likely price direction. The patched Bitcoin Core flaws add a network-security issue to an already busy week for BTC traders.