Crypto News

WTI crude oil is approaching a breakout after weeks of narrowing price swings, forming a converging triangle between about $93 and $105.50 a barrel. A move above $105.50 could bring the March and April highs of $117–$119 into focus. A drop below $93 would signal a break in the recent bullish structure. The article says oil has risen about 80% this year amid Middle East supply risks, while Iranian budget planning reportedly assumes oil at $130 a barrel. For Bitcoin, the direction of the oil breakout matters. Higher oil prices could fuel inflation, keep bond yields elevated and limit expectations for Federal Reserve rate cuts, weighing on risk assets. Since the conflict began, Bitcoin’s 30-day correlation with oil has turned negative, at -0.47, while its correlation with the Nasdaq 100 is 0.64. Bitcoin was trading near $79,890 at the time of writing. A break below $93 could ease inflation concerns and support risk assets, including Bitcoin. Traders are watching the WTI breakout, US Treasury yields and the Nasdaq for signals. The triangle does not predict direction, so the near-term Bitcoin outlook remains conditional.

Resistance to tokenized US stocks has grown since 22 companies were initially reported to have objected to OKXICE’s planned service. The later update put the number at 33 issuers, representing about $17 trillion in combined market value. OKXICE, a joint venture between OKX and Intercontinental Exchange, plans to offer around 63 US stocks on OKX’s X Layer network under an SEC innovation exemption. The framework gives companies 30 days to object to third-party tokens of their shares. Issuers have raised concerns about investor confusion, share prices, liquidity, volatility, transparency and market oversight. OKXICE co-chair Andrew Cuomo said a cautious response was expected and that companies can opt out. The objections do not rule out tokenized stocks altogether, but they add uncertainty to third-party offerings and the wider tokenization sector. A separate model is advancing through established financial infrastructure. On 28 October, the Depository Trust Company, part of DTCC, launched a service covering 34 securities, backed one-to-one by assets held in its existing custody system; 20 financial institutions have signed up. The competing approaches—third-party tokenized stock platforms and services integrated with traditional securities infrastructure—could shape regulation and adoption. For crypto traders, the immediate effects are likely to be concentrated in digital-asset tokenization rather than broad market prices.

HTX DAO permanently burned 9.386 trillion HTX tokens on 15 October 2026, worth about $15.48 million. The HTX token burn was 25.6% larger than the previous quarter, bringing cumulative burns and donations to about 127.18 trillion HTX, valued at roughly $235 million. Under its stated mechanism, Huobi HTX allocates 50% of quarterly revenue to HTX buybacks and burns, linking supply reductions to exchange performance. The latest update also highlights HTX’s expansion beyond crypto spot and derivatives trading. Its TradFi products recorded nearly $6 billion in cumulative volume by mid-October, including $4.1 billion in the third quarter. The platform has added stock- and index-linked contracts and expanded savings and lending products. HTX token utility includes fee discounts, membership benefits, rewards, and DAO staking and governance. HTX DAO has also launched the Genesis ecosystem programme, backed by a fund valued at $10 million in HTX tokens, to support developers and Web3 projects. These initiatives could broaden revenue sources and token demand, but their effect depends on adoption, continued business growth, and regulatory progress. The HTX token burn is a supply-side signal, not a guarantee of price gains.

Uniswap’s network activity has surged alongside UNI’s price recovery. Santiment recorded 14,591 daily active addresses, a one-year high, and 13,137 new addresses—the biggest growth spike since September 2020. Recent Uniswap v4 upgrades include VolatilePair Hooks, which adjust swap fees to market conditions, and Aggregator Hooks, which connect external liquidity sources such as Curve, Fluid and PancakeSwap. Fees from trades routed through these sources contribute to UNI burns. Unichain is also scheduled to receive its OP Enterprise upgrade on October 29. UNI is trading near $7. Santiment identifies $7 as support and $7.50 as the next level to watch; holding support alongside strong activity could help the token move towards $8. Uniswap has generated more than $6 billion in cumulative protocol fees, including nearly $89 million over the past 30 days. Analyst Defi Rocketeer sees a possible retest of $10–$12 if the wider crypto market stabilizes, with $19–$20 as a potential resistance zone after a clean breakout.

XRP traded near $1.29 on Thursday, falling below the closely watched $1.30 support as bearish selling pressure persisted. The move followed the Federal Reserve’s decision to hold interest rates at 3.75%–4.00%; inflation concerns and a cautious, hawkish tone weighed on risk appetite. CoinGlass data put XRP’s long-to-short ratio at 0.82, indicating that short positions outweighed longs in the tracked data. Its funding rate remained positive at 0.0036%, showing that longs were still paying shorts for leveraged exposure—a mixed derivatives signal. CryptoQuant indicators also showed selling dominance in XRP spot and futures markets, alongside large whale orders. XRP’s daily Relative Strength Index was 40, below the neutral 50 level, while the MACD had edged into positive territory. The token remains below key moving averages. Resistance sits near $1.333, $1.357 and $1.372; reclaiming this range could improve the near-term outlook. A daily close below $1.30 would increase the risk of further losses. XLM markets also showed seller dominance, with its rebound yet to attract sustained demand.

Tether says 15 mining companies, ASIC manufacturers and mining pools have committed to build and maintain integrations for its open-source Mining Development Kit (MDK). Participants include Bitdeer, BITMAIN, Canaan, MicroBT, Foundry Digital, F2Pool, Luxor Technology, OCEAN, Proto and Stratum V2. Each participant is expected to create an MDK Worker, a software bridge connecting its systems to the shared interface. Tether aims for the Bitcoin mining kit to let applications and AI agents monitor, troubleshoot and optimize equipment across providers, with eventual infrastructure control also planned. The integrations are commitments, not completed deployments, so MDK’s practical reach will depend on delivery and ongoing maintenance. Tether targeted MDK version 0.11 for the October 23–24 Plan ₿ Forum in Lugano and a stable 1.0 release by the end of 2026. The company said its QVAC mining agent is already operating on MDK.

Binance plans to launch six USDT-margined perpetual contracts on 29 October 2026: EWZSUSDT, SMRUSDT, OXYUSDT, AMGNUSDT, PFEUSDT and MELIUSDT. The contracts are scheduled to go live in stages between 10:05 and 10:30 UTC, with leverage of up to 20x and settlement in USDT. The Binance perpetual contracts add trading access to these underlying assets, but the announcement does not specify funding rates or other contract details.

Bithumb said an unauthorised person accessed its internal Daou Office mobile-work system on 27 October, exposing information linked to 6,444 users and 715 employees and business partners. The exchange said 5,600 users’ records were encrypted and unreadable, while information concerning 844 users was readable. The exposed data may include names, phone numbers, email addresses, resident registration and driver’s licence numbers, bank account details, and identity-document copies. Bithumb said the system is separate from its trading and customer-account databases and that it has found no direct intrusion into those systems. It has blocked access, disabled the affected system, reported the incident, and increased real-time monitoring of unusual trades and withdrawals. The Bithumb data breach raises privacy and account-security concerns, but the company has not reported a direct impact on customer assets or trading operations.

An address recorded an 80% win rate across 30 kPEPE trades between 15 and 29 October 2026, according to Odaily monitoring. On 29 October, it opened and closed both long and short positions: a long position of about $180,000 and a short position of roughly $1.96 million. The reported closing amounts were about $180,000 for the long and $1.94 million for the short. The figures describe one trader’s activity and do not establish a broader market trend. kPEPE’s short-term price impact is therefore uncertain, and the reported win rate does not guarantee future performance.

Bitwise chief investment officer Matt Hougan says the firm has raised its 10-year Bitcoin price target from $1.3 million to $1.6 million, implying a projected annualised return of 34.3%. The forecast uses the same model as last year, with updated market data. Bitwise attributes the increase to a larger potential market. Its estimate for the value-storage market over the next decade rose from $91 trillion to $110 trillion, while the projected institutional investment market grew from $216 trillion to $303 trillion. The firm kept its assumptions about Bitcoin’s share of these markets unchanged. Hougan points to continued activity by wealth-management firms, central banks and sovereign wealth funds, as well as a narrowing in Bitcoin’s historical volatility. He also notes that Bitcoin’s share of the store-of-value market has grown from less than 1% a decade ago to more than 5% today. The outlook faces risks: gold has attracted more value-storage inflows, Bitcoin remains prone to sharp drawdowns, and spot ETF inflows have slowed. Bitwise argues that institutions continued buying during the downturn and that the latest reported decline was milder than in some earlier bear markets. The $1.6 million figure is a long-term forecast, not a guaranteed outcome.

HTX reported $4.1 billion in TradFi trading volume in Q3 2026, bringing cumulative volume close to $6 billion. The exchange added 183 futures assets, including 154 stock and index products, and said it now offers 278 stock-related trading assets. The figures underline HTX’s expansion into traditional markets, but are company-reported and do not establish broader crypto-market demand. HTX also said anniversary campaigns drew 45,000 Trading Championship registrations and generated $6.8 billion in futures volume. Fourteen spot campaigns attracted more than 46,000 registrations and over $500 million in volume. Nearly 500,000 users participated in HTX Earn, with subscriptions approaching 1 billion USDT. The company also reported progress on regulatory applications in Dubai and Pakistan. A later update said HTX’s Q3 burn reached 9.39 trillion HTX tokens, up 25.6% from Q2, under a policy directing 50% of platform revenue to buybacks and burns. HTX DAO had previously scheduled the Q3 burn for October 15; its Q2 burn was valued at more than $13.6 million. The burn may support HTX token scarcity, while trading campaigns and expanded TradFi products alone do not demonstrate sustained demand or a change in overall crypto-market conditions.

Prediction markets expanded sharply ahead of the US midterm elections. Kalshi and Polymarket recorded a combined $53 billion in trading volume in July, more than double May’s $26 billion, with sports markets accounting for most activity. Political markets were smaller: Polymarket averaged about $2 billion in monthly political volume this year, compared with less than $300 million for Kalshi. By July, House and Senate control contracts had attracted more than $30 million in trading. The latest figures show further growth in October. Kalshi reported about $65 billion in volume, 10% above its September record, while Polymarket US reached $10 billion, up roughly 15% from its previous monthly high. Open interest also set records at $2.05 billion for Kalshi and $384 million for Polymarket US. Kalshi represented nearly 83% of combined volume across Kalshi and the two Polymarket platforms, while US-regulated venues accounted for 95.6% of activity in that comparison. Robinhood’s prediction-market business generated $173 million in third-quarter revenue, more than its $120 million in crypto-trading revenue. Regulatory and product developments have supported the sector’s expansion: the CFTC withdrew a proposal that could have classified election contracts as gambling and later proposed a framework that would not automatically treat them that way. Kalshi also launched a Midterms Hub showing market-implied probabilities alongside polling averages. Sports remain a major source of activity, and the midterms will test demand for political contracts. For crypto traders, the rise of prediction markets is notable, but it does not demonstrate a shift away from crypto spot trading or signal a direct effect on cryptocurrency prices.

Gate ETF launched four 3x leveraged trading pairs on October 29: SOXS3L/USDT and SOXS3S/USDT, which provide leveraged exposure to SOXS in opposite directions, and CBRS3L/USDT and CBRS3S/USDT, which do the same for CBRS. The launch expands leveraged ETF trading choices on Gate. Gate is running a trading campaign from October 29 to November 7, with 60,000 USDT in total rewards. Tasks include a first-trade offer, cumulative trading milestones, a shared trading pool and referrals. Eligible users who make a first trade worth at least 100 USDT may receive a 10 USDT ETF fee rebate coupon. Other rewards include up to 100 USDT for trading milestones and a share of a pool of up to 30,000 USDT, with an individual cap of 500 USDT. The announcement concerns leveraged ETF products and does not indicate a broader change in crypto-market conditions.

Wendy’s shares rose more than 15% after Nelson Peltz’s Trian Fund Management and partners submitted a $1.4 billion, non-binding offer to take the fast-food chain private. The proposal values Wendy’s at $7.35 per share in cash, about 20% above its Oct. 27 closing price. Trian and affiliates already control about 16.3% of the company’s outstanding shares. Wendy’s board has appointed an independent committee to review the unsolicited offer; no deal has been agreed. The bid comes as the company faces declining comparable sales, higher operating costs and stronger competition. Wendy’s has also announced plans to close as many as 358 locations in 2026 and reported approximately $2.7 billion in long-term debt as of June. Investors are watching for further deal developments and Wendy’s third-quarter earnings, due Nov. 5. The $7.35 offer provides a potential valuation benchmark, but the non-binding proposal leaves the outcome uncertain.

Strategy made no Bitcoin purchases or sales in the week ended October 25, ending a five-week buying streak. Its Bitcoin holdings remained at 848,517 BTC, acquired for $64.02 billion at an average price of about $75,446 per coin. The company also made no sales through its at-the-market share programme. Instead, Strategy used $204.9 million in USD Cash to repurchase 2,068,459 STRC preferred shares. As of October 25, it held $242.4 million in USD Cash and a separate $4.83 billion reserve for preferred dividends and debt interest; $956.8 million remained under its STRC repurchase authorisation. The filing did not explain the Bitcoin buying pause or say when purchases might resume. The shift in capital allocation is relevant to Bitcoin traders, but does not alone signal a change in Strategy’s longer-term Bitcoin strategy.

IGO reported a strong September quarter, with CEO Ivan Vella saying several operational targets were met. At Greenbushes, the CGP3 plant reached nameplate capacity, and the mine returned to its high-grade core. The operation recorded production of 435,000 tonnes during the quarter. IGO also said Nova was on track to finish above the life-of-mine guidance upgraded in July. The call excerpt reports group underlying EBITDA of $176, but cuts off before giving further details or specifying the unit. The update highlights operating progress at IGO’s lithium assets; it provides no direct information about cryptocurrency markets.

American Century Equity Income Fund’s Q3 2026 portfolio review highlighted mixed company results and stock contributions. US equities advanced, supported by strong corporate earnings and continued investment in artificial intelligence, despite a challenging backdrop. Becton Dickinson reported strong quarterly results, improved cash flow and a higher earnings outlook. Kimberly-Clark shares fell after the company lowered its growth outlook amid softer demand and disruptions in China. The fund’s underweight position in Apple also detracted from performance as investor optimism about its ecosystem and AI opportunities supported the stock. The excerpt does not provide fund returns or portfolio trades, so it offers limited detail on the overall performance impact.

W. P. Carey Inc. published a presentation accompanying its 2026 third-quarter earnings call. The provided article contains no earnings figures, business updates or management commentary, so the company’s Q3 performance cannot be assessed from this content. The report also mentions no cryptocurrency or blockchain developments.

Google has launched a free, self-paced AI training programme for Filipino educators, in partnership with the Department of Education (DepEd), the Commission on Higher Education (CHED) and the Technical Education and Skills Development Authority (TESDA). The Google AI training is also available through TESDA’s online platform to workers, career changers and other learners. Modules cover AI fundamentals, prompt writing, checking AI-generated answers and using AI for lesson planning, assessments and administrative tasks. Sessions take 15 to 30 minutes, with new content planned monthly. Google said the programme is intended to help teachers use AI responsibly and free up time for student support. A broader DepEd partnership aims to upskill more than one million public school teachers. The initiative’s reach will depend on access to reliable internet and devices, as well as support from schools and institutions. DepEd cited plans to deliver more than 200,000 teacher laptops and said 12,700 schools had recently been connected. Google AI training is expected to support professional development for teachers, while CHED plans to offer it to colleges and universities as a voluntary resource.

The QMJ factor, which tracks the performance of high-quality stocks against lower-quality ones, posted a record 14.3% gain in July, marking a sharp reversal after an unusually long period of speculative stocks outperforming. The shift has coincided with losses in unprofitable technology shares and a rebound in consumer staples such as Procter & Gamble and Coca-Cola. Porter and Company founder F. Porter Stansberry said the move is a reason for caution. Historically, QMJ’s second- and third-largest monthly gains occurred in November 2000 and October 2008, ahead of major bear markets. The article says the recent rally in lower-quality stocks was driven by AI enthusiasm, rather than a recovery from a market crash. The historical comparisons are a warning, not proof that a bear market is imminent. For traders, the reversal may indicate a rotation away from speculative technology shares and toward profitable, financially resilient companies. It could also heighten volatility across risk assets, including crypto, if investors broadly reduce exposure.

European banks that prepared early for the EU’s Markets in Crypto-Assets Regulation (MiCA) are better positioned to capture stablecoin business, according to a report by Tiger Research. The report warns that banks waiting for local rules to be finalised may lose ground to competitors that have already selected their business models, assessed costs and lined up partners. MiCA provides a regulatory benchmark for euro-denominated electronic money tokens (EMTs). Banks can issue tokens directly, use a licensed electronic money institution subsidiary, or offer services such as custody and transfers without issuing their own stablecoin. Each route carries different capital, compliance and operational requirements. Under MiCA, EMT holders have the right to redeem tokens at face value. Issuers must disclose redemption terms and risks, and prepare recovery and orderly wind-down plans. EMI issuers must keep at least 30% of funds in segregated bank deposits, with the remainder held in permitted low-risk assets. For tokens designated as significant, the deposit requirement rises to 60%, while EMI issuers must hold own funds of at least 3% of average reserve assets. The report identifies USDC as the only EMT among 45 reported to EU regulators that currently meets the significance criteria. Tiger Research advises banks to assess profitability, target customers and partnerships before regulation takes effect. Early preparation could help banks secure corporate payment and cross-border transfer business, while late entrants risk losing market share. The report describes a regulatory and business strategy, not a new token launch.

South Korean prosecutors searched Bithumb’s Seoul headquarters on October 29 as they continued investigating allegations that company funds for executive housing were misused. The case concerns 11.6 billion won in housing benefits provided to four former and current executives. Some funds are suspected of having been used for personal purposes, but authorities have not disclosed their conclusions. The Financial Supervisory Service referred the matter to prosecutors after identifying suspected irregularities. Prosecutors first searched Bithumb in March 2025, including over claims that a 3 billion won lease deposit for former CEO Kim Dae-sik may have been used to buy an apartment. The latest search reportedly seeks evidence to resolve outstanding questions in the case. Bithumb has also faced scrutiny over internal controls, anti-money laundering compliance and alleged payments related to token listings. The renewed probe could add to concerns about governance and regulatory risk at the exchange, but no direct impact on wider crypto markets is reported.

Solana fell below $100 to $99.71 on October 29, down 15.41% over the past month. Spot Solana ETFs recorded $24.82 million in combined outflows on October 27 and 28, bringing reported October outflows above $105 million. Cumulative ETF net inflows remain positive at about $1.51 billion.

Binance Wallet users need at least 60 Binance Alpha Points to join the predict.fun (PREDICT) Prime Sale through the Alpha event page, according to an official announcement. Participation will consume 15 points. The PREDICT Prime Sale is a token-sale event; the announcement does not provide further details on sale pricing or allocation.

Three wallets suspected of belonging to one whale initially deposited 494,300 HYPE, worth about $37.83 million, to Coinbase within 24 hours, according to Lookonchain. A later update from on-chain analyst Ember put the total at 694,300 HYPE, worth about $53.26 million, transferred over four days. The larger HYPE exchange inflow may signal an intention to sell and could add near-term supply pressure, but deposits alone do not confirm that the tokens have been sold. Traders may watch HYPE’s price, trading volume and further Coinbase inflows for confirmation.

HTX listed JIO/USDT and PREDICT/USDT perpetual contracts on 29 October 2026, according to an official announcement. Both contracts support long and short positions with leverage of 1x to 20x. The JIO and PREDICT perpetual contracts give traders new leveraged trading options, but the announcement provided no further details on contract specifications or market activity.

The North Dakota State Investment Board increased its Strategy (formerly MicroStrategy) holdings by 10% to 10,275 shares, valued at about $1.4 million, according to Bitcoin Treasuries. The board manages approximately $29 billion in assets. The report said state investment funds are using Bitcoin treasury companies such as Strategy to gain exposure to Bitcoin. The disclosed position is relatively small, so it signals institutional interest rather than a major shift in market demand.

In the week through October 13, Bitcoin fell 3%, while Ether dropped 7% and XRP declined 9%. By the week through October 27, Bitcoin had fallen another 3% and Ether was down 4%, while XRP was broadly unchanged. Year to date, Bitcoin’s loss widened from about 5% to 8%, and Ether’s from roughly 16% to 21%. The updates point to ongoing pressure on major cryptocurrencies, with Ether underperforming Bitcoin over the year. Neither report identified a specific catalyst, so traders may want to monitor broader market conditions and upcoming events for direction.

Diamond Hill Small-Mid Cap Fund fell 4.75% in Q3 2026, outperforming the Russell 2500 Index, which declined 6.37%. Illumina, Revvity and Waystar were among the fund’s key contributors. Regal Rexnord, Knife River and Red Rock Resorts were notable detractors. The commentary does not provide further performance details for the individual stocks in the excerpt. The Small-Mid Cap Fund’s relative outperformance came during a down quarter for small- and mid-cap equities.