Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

On October 24, US President Donald Trump granted a full pardon to Binance founder Changpeng Zhao, erasing his late-2023 conviction on anti-money laundering charges. The pardon removes major legal hurdles for Binance’s US operations and has fueled a 15% rally in BNB, pushing its market cap above $90 billion. Despite a $4.3 billion settlement, Binance still accounts for roughly 40% of global spot volume. Under regulatory pressure in Western markets, Binance has shifted focus to Asia: SoftBank’s PayPay now holds 40% of Binance Japan, Gulf Binance secured a full license in Thailand, and Binance re-entered South Korea by acquiring GOPAX. Meanwhile, the BNB Chain sees renewed growth in trading volumes, active wallets and developer activity. Binance’s ERC-20 stablecoin reserves have climbed to $44.2 billion, representing 67% of exchange balances and solidifying its role as a stablecoin liquidity hub. Traders should watch for US compliance updates, CFTC engagement and potential regulatory green lights that could pave the way for a full Binance US return. BNB currently trades around $1,128, with support at $1,080 and resistance near $1,180; a breakout above $1,180 could target $1,300, while a dip below $1,050 risks retesting $1,000.

Bitcoin ETF outflows hit $1.22 billion in one week and $558 million in the latest seven days, led by major issuers such as Fidelity, ARK 21Shares and BlackRock. These fund outflows pressured Bitcoin’s price, which dropped below $100,000 after failing to reclaim $111,000. A brief 4 % rally later lifted BTC above its 50-day EMA amid U.S. stimulus hopes, but sustained ETF redemptions signal a short-term bearish phase. Crypto traders should monitor macroeconomic indicators and fund flow updates for potential trend reversals.

Ripple has acquired wallet-as-a-service provider Palisade—its fourth major deal of 2025 following Hidden Road, Rail and GTreasury—to integrate multi-asset custody technology into its custody and payments infrastructure. The move unifies XRP, RLUSD and Palisade’s secure wallet tools under a single ecosystem, accelerating institutional-grade digital asset custody and scalable on/off-ramp solutions. By bolstering real-time settlement, regulatory readiness and global transfer efficiency, Ripple aims to challenge SWIFT in cross-border payments and advance its Internet of Value vision. Traders can expect stronger XRP adoption, increased network liquidity and faster settlement speeds, marking a bullish development for Ripple’s enterprise blockchain services.

Michael Selig, a former CFTC and SEC attorney, has been nominated by President Trump as the next CFTC chair. Selig’s crypto regulation agenda aims to classify most tokens as commodities. He served as chief counsel to the SEC’s Crypto Task Force and as a senior advisor on digital assets. His pro-crypto stance, including arguments in the Ripple (XRP) case, underscores his goal to make the United States the world’s crypto capital. If confirmed, he will work alongside acting chair Caroline Pham to streamline market oversight and accelerate rulemakings on digital asset derivatives and spot crypto regulation. His nomination follows Brian Quintenz’s withdrawal and coincides with Senate debate over the Responsible Financial Innovation Act, which would shift spot crypto oversight from the SEC to the CFTC. Traders should monitor confirmation votes, budget talks, and potential government shutdowns. A confirmed chair could deliver clearer commodity-based regulation, boosting institutional participation, liquidity and market stability.

JPMorgan will allow accredited institutional and high-net-worth clients to pledge Bitcoin (BTC) and Ether (ETH) as loan collateral from late 2025. Using third-party custodians, the bank aims to mitigate direct custody risks and offer up to 50% loan-to-value (LTV) ratios. This move marks a shift from CEO Jamie Dimon’s earlier skepticism and follows growing regulatory clarity across the US, EU and Asia. JPMorgan’s wealth management arm now factors crypto into net-worth calculations and is finalizing valuation methods, stress tests and compliance protocols. Competitors such as Morgan Stanley, State Street, BNY Mellon and Fidelity have also expanded digital asset services, including ETF access and custody. Enabling BTC and ETH as institutional loan collateral will boost liquidity, let hedge funds and family offices access fiat without selling holdings, and accelerate TradFi–crypto integration. Analysts project Bitcoin could rally to $165,000 amid heightened institutional demand. By bridging traditional finance and DeFi, JPMorgan’s initiative may set a template for blockchain financing and enhance market stability for accredited investors.

Japan’s Financial Services Agency (FSA) has proposed new rules to let domestic banks directly buy, hold and trade Bitcoin and other digital assets under the Financial Instruments and Exchange Act. Pending approval by the Financial Services Council, banks would operate under a unified prudential framework featuring strict capital requirements, exposure caps, stress tests, AML/CFT controls, asset segregation and market surveillance. The proposal also allows banks to register as cryptocurrency exchange operators, enabling them to offer trading and custody services without separate subsidiaries. Regulators expect these measures to boost market trust, liquidity and both retail and institutional participation in Japan’s Bitcoin market. Key milestones include final guidance on capital treatment, first bank exchange licenses, reclassification of crypto as financial products and potential stablecoin launches like JPYC. The timeline depends on updates to supervisory guidelines or Diet legislation.

The Mutuum Finance presale began in early 2025 at $0.01. It has raised $18.55 million and gained 17,850 holders. In Phase 6, MUTM is priced at $0.035 and 85% sold. Supply limits drive demand. The DeFi protocol uses a hybrid P2C and P2P lending model and features daily contributor rewards and fixed allocations for an interactive funding experience. Security measures include a CertiK audit and a $50,000 bug bounty. A V1 launch on Sepolia testnet is set for Q4 2025, with mainnet deployment in 2026. Future plans feature a USD-pegged stablecoin and Layer-2 expansion. Phase 6 pricing offers a 14% immediate gain, with long-term returns modeled up to 8,471%. Traders should follow the Mutuum Finance presale as key milestones and community growth could boost token demand and liquidity.

Western Union plans to launch USDPT, a US dollar–pegged stablecoin, on the Solana blockchain in the first half of 2026. Partnering with Anchorage Digital Bank under the 2025 GENIUS Act, the USDPT stablecoin will integrate with Western Union’s 600,000+ retail locations serving over 100 million customers worldwide. Leveraging Solana’s proof-of-history consensus, USDPT aims to reduce settlement times from days to seconds and cut cross-border remittance fees to under $0.01 per transaction. Western Union anticipates processing up to 70 million USDPT transfers per quarter via its high-speed network. Anchorage Digital Bank will hold 1:1 USD reserves in segregated U.S. Bank accounts, subject to monthly audits and AML checks, maintaining full backing in cash or U.S. Treasuries. On-chain reserve proofs and Solana’s transparency are expected to boost user confidence. This launch marks a significant step in blockchain-based remittances. Traders should watch for increased on-chain transactions and rising SOL demand as USDPT enters the crypto payments space.

Husky Inu has continued its dynamic pricing pre-launch, raising the HINU token price from an April 1 starting point of $0.00015 to $0.00022378 over the weekend. A further bump to $0.00022443 is scheduled within 20 hours. The project has secured $904,432 toward its $1.2 million fundraising goal, funding platform development, marketing and ecosystem expansion ahead of its official launch, currently set for March 27, 2026, with possible acceleration pending market reviews. Meanwhile, the broader crypto market opened the week in rally mode. Bitcoin reclaimed $105,000 and Ethereum surged nearly 8%. Major altcoins such as XRP, SOL, ADA, DOGE and LINK also posted gains, reinforcing bullish sentiment. Traders should monitor the upcoming HINU token price adjustment and Husky Inu’s dynamic pricing mechanism alongside overall market momentum for short-term trading opportunities and long-term prospects.

Coinglass data shows crypto liquidations in futures markets hit $330 million in the past 24 hours, wiping out $140 million of Bitcoin long positions, $130 million of Ethereum shorts and $60.6 million in ZEC shorts. In the most recent hour, crypto liquidations topped $32 million, with longs accounting for $30.7 million. These liquidation events highlight extreme market volatility and the dangers of high leverage trading. Sudden margin calls can spark rapid price swings and amplify bearish momentum. Traders should track funding rates and open interest, employ tighter stop-loss orders and limit leverage to mitigate liquidation risks and prepare for potential reversals.

Ripple has completed a $1 billion GTreasury acquisition to launch a new XRP treasury. By combining GTreasury’s 40-year treasury management expertise with Ripple’s blockchain infrastructure, the firm targets the multi-trillion-dollar corporate treasury market. The digital-asset treasury (DAT) will offer real-time cross-border payments and repo market access, funded partly by Ripple’s XRP holdings. CEO Brad Garlinghouse says the move will unlock trapped corporate cash and reduce payment costs. President Monica Long notes it follows the Hidden Road deal, expanding Ripple’s prime brokerage and liquidity channels. Traders should track the XRP treasury’s impact on market liquidity. On-chain and technical data show XRP faces a bearish moving average cross and key support at $2. A close below could push XRP toward $1.77.

Japan’s Financial Services Agency (FSA) will amend the Financial Instruments and Exchange Act (FIEA) by 2026 to explicitly ban crypto insider trading based on undisclosed information—such as exchange listing plans and security vulnerabilities. The move authorizes the Securities and Exchange Surveillance Commission (SESC) to investigate suspicious trades, impose fines and refer cases for criminal prosecution. A response to a 120% surge in on-chain activity and rising retail exposure (7.9 million active accounts), these regulatory reforms aim to close self-regulation gaps, boost market integrity and investor confidence, and attract institutional participation. Final proposals are expected by year-end, with legislative amendments submitted to parliament in 2026. Experts say the rules could set a global standard and align Japan’s regime with Europe’s MiCA framework, potentially extending to DeFi transactions depending on statutory definitions.

In a ‘60 Minutes’ interview, former President Donald Trump reaffirmed his goal to make the US the world’s leading crypto hub. He highlighted executive orders to establish a Digital Asset Policy Task Force and a Strategic Bitcoin Reserve, and reversed several SEC enforcement actions against major exchanges including Coinbase, Gemini, OpenSea and Uniswap. Trump defended his pardon of Binance co-founder Changpeng Zhao—who had pleaded guilty to Bank Secrecy Act violations—calling it a “Biden witch hunt.” He also cited the Trump family’s Bitcoin mining and meme-coin ventures, estimated to have generated over $1 billion in profits. Trump dismissed corruption concerns around the Trump-linked USD1 stablecoin and Binance.US talks as baseless. These policy moves and the high-profile pardon signal renewed regulatory support for the crypto sector and have drawn criticism from Senator Warren and Representative Nadler.

On October 23, US Senator Elizabeth Warren accused Binance founder Changpeng Zhao (CZ) of paying then-President Trump for a pardon and pleading guilty to money laundering. In reality, CZ’s November 2023 guilty plea addressed only inadequate anti-money-laundering (AML) controls at Binance under the Bank Secrecy Act as part of a $4.3 billion settlement. CZ has threatened a defamation lawsuit through attorney Teresa Goody Guillén of Baker & Hostetler. The legal notice demands Warren retract her social-media claims or face court action, arguing her allegations misrepresent the facts and damage CZ’s reputation. Legal experts note that in a defamation lawsuit involving a public figure, the plaintiff must prove actual malice. They also question whether congressional speech immunity covers lawmaker posts on social platforms. CZ’s legal threat underscores growing political risks for the crypto sector. Traders should watch how this dispute affects market sentiment for Binance’s native token, BNB. Ongoing regulatory scrutiny combined with high-profile legal battles could increase volatility and influence Binance’s compliance reputation among investors.

Mastercard is finalizing its acquisition of Zerohash for approximately $1.5–2 billion. Zerohash offers API-driven crypto infrastructure, including stablecoin transactions, tokenization, custody and on/off ramps. The deal follows earlier talks with BVNK and marks Mastercard’s largest stablecoin investment to date. By integrating Zerohash’s stablecoin rails and enterprise-grade compliance tools, Mastercard gains direct control over fiat and digital asset settlements. The move supports its push into 24/7 blockchain payments and strengthens its crypto infrastructure against competitors like Stripe and Coinbase. Although fragmented chains and varying compliance frameworks pose challenges, standardizing these rails could accelerate stablecoin integration, crypto payments and cross-border transfers for banks, brokerages and fintechs.

Evernorth has agreed to merge with SPAC Armada Acquisition Corp. II to raise more than $1 billion and list on Nasdaq as XRPN in Q1 2026. The funds will build a $1 billion XRP corporate treasury through open-market purchases. SBI Holdings leads with a $200 million commitment, joined by Ripple, Pantera Capital, Kraken and GSR. As an equity vehicle—not a spot ETF—Evernorth will actively manage XRP per share. Strategies include market buys, institutional lending, liquidity provisioning and DeFi yield. The plan also integrates Ripple’s RLUSD stablecoin to bridge centralized and decentralized finance. Former Ripple board member Asheesh Birla will serve as CEO while Ripple remains a strategic investor. Evernorth will follow standard SEC reporting and audited disclosures. Market-hours liquidity aims to simplify XRP exposure for corporate treasurers and institutional investors. Traders should watch SPAC filings, PIPE allocations and redemption levels. Quarterly XRP purchase reports will offer transparency. If approved by shareholders and regulators by early 2026, this SPAC deal could drive systematic institutional buying, boost XRP demand and enhance token utility.

Bitwise’s Solana Staking ETF launched on October 29, 2025, with a debut trading volume of $55.4 million ― the largest crypto ETF launch of 2025. It attracted $223 million in assets before trading, highlighting robust institutional demand for staking-based crypto ETFs. In the first 30 minutes, BSOL traded $10 million, outperforming Canary Capital’s Hedera (HBAR) and Litecoin (LTC) ETFs, which saw $4 million and $0.4 million respectively. Over the full first trading day, Canary’s HBAR and LTC ETFs recorded $8 million and $1 million in volume, both falling short of expectations. Despite topping analyst forecasts, Bitwise’s debut volume still trails the $1.08 billion posted by nine spot Ether ETF launches in July. This strong performance underlines the growing confidence in diversified altcoin ETFs and positions staking rewards as a key driver for future inflows into the crypto ETF market.

UK crypto tax enforcement is intensifying. HMRC sent nearly 65,000 nudge letters to crypto investors in 2024-25, more than double the prior year. The agency now mines exchange data, bank records and partnerships under the upcoming OECD Crypto-Asset Reporting Framework (CARF) to spot undeclared gains. Crypto tax applies to all digital-asset activities—fiat conversions, token swaps, staking rewards, airdrops and yield farming—while only fiat purchases or wallet-to-wallet transfers are exempt. HMRC’s three-tier pooling method for gain calculations adds complexity for active traders. Tax experts advise proactive reporting using specialized crypto tax software to produce accurate transaction records. To comply with crypto tax rules, traders should prepare detailed statements and seek professional advice upon receiving a letter to avoid penalties. US lawmakers are reviewing de minimis exemptions and clearer rules on staking rewards. Voluntary compliance becomes critical as global exchanges prepare to share full transaction data by 2026.

OpenSea will launch its SEA token in Q1 2026, marking the platform’s evolution into a multi-chain on-chain trading venue. The SEA token will allocate 50% of its total supply to the community, with active users and OG participants eligible for token airdrops. At launch, 50% of OpenSea’s revenue will be used for SEA token buybacks to support price stability and long-term growth. The SEA token will also be integrated into staking functions tied to NFT collections and listed tokens, further embedding the token into user activity. Future developments include a mobile app, perpetual futures and cross-chain abstraction to streamline the trading experience. This initiative follows strong growth in token trading on OpenSea, with $2.6 billion in trading volume reported for October 2025—over 90% driven by tokens rather than NFTs. By tying SEA token value directly to platform performance, OpenSea aims to boost liquidity, enhance user engagement and drive sustainable demand.

Kraken acquisition of Small Exchange for $100 million secures a U.S. CFTC-designated contract market license. This acquisition allows Kraken to design and operate regulated U.S. crypto derivatives trading. The deal integrates spot, margin and futures products into a unified onshore liquidity system, with $32.5 million in cash and $67.5 million in parent-company stock. The Kraken acquisition follows prior buyouts of NinjaTrader and Crypto Facilities, creating a global derivatives network across the U.S., EU and U.K. Institutional clients can now move collateral in real time and manage risk efficiently across regions. The move boosts regulated crypto derivatives trading, strengthens market depth and positions Kraken to challenge offshore venues like Binance and Bybit, offering traders improved liquidity and reduced fragmentation.

U.S. spot Bitcoin ETFs snapped a six-day outflow streak on Nov. 7, posting $240 million in net inflows as institutional demand returned. BlackRock’s IBIT led with $112.4 million, followed by Fidelity’s FBTC ($61.6 million) and ARK Invest/21Shares’ ARKB ($60.4 million). Despite the reversal, November-to-date outflows total $661 million versus $3.53 billion of inflows in October. Total trading volume across the 12 spot Bitcoin ETFs rose to $4.77 billion from $4.07 billion. Bitcoin’s price dipped below $100,000 support twice this week and briefly recovered above $104,000, ending 1.9% lower at about $100,950. The market faces $586 million in 24-hour liquidations and a falling MVRV ratio near the 1.7–1.8 profit floor. U.S. spot Ethereum ETFs also ended a six-day outflow streak with $12.5 million in net inflows. JPMorgan analysts remain bullish, forecasting Bitcoin could hit $170,000 within 6–12 months if its volatility-adjusted value relative to gold improves. Traders will watch the $100,000 psychological level to gauge short-term risk and rebound potential.

Canada’s 2025 federal budget allocates C$10 million to establish national stablecoin regulation. From 2026–27, the Bank of Canada will implement Canada stablecoin regulation by overseeing issuers that must maintain reserves, clear redemption policies, risk-management systems and data protection. After initial funding, annual C$5 million operating costs will be covered by issuer fees. Concurrent amendments to the Retail Payments Act extend oversight to payment providers using stablecoin rails. The framework aligns Canada stablecoin regulation with the US GENIUS Act and EU MiCA, covering a US$305.9 billion market forecast to attract US$1 trillion by 2028. In the wake of a record C$126 million fine against Cryptomus, these measures aim to boost transparency, market stability and liquidity. Crypto traders can expect clearer compliance rules and improved confidence in trading, potentially driving long-term volume growth.

On October 22, 2025, T. Rowe Price filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch its first active crypto ETF. The active crypto ETF product will hold 5 to 15 major digital assets, including BTC, ETH, SOL, XRP, ADA, AVAX, LTC, DOT, DOGE, LINK, BCH, HBAR, XLM and SHIB. It aims to outperform the FTSE Crypto US Listed Index by actively managing allocations based on fundamental, valuation and momentum factors. If approved, the ETF would trade on NYSE Arca, marking a significant institutional step by the $1.77 trillion asset manager. T. Rowe Price’s 2022 hire of Blue Macellari as head of digital assets and its first ETF launch in 2020 underscore its growing commitment to digital assets. The SEC is reviewing more than 155 crypto ETP filings. A possible U.S. government shutdown may delay approvals. Polymarket assigns a 63% probability of a decision by mid-November 2025, with analysts calling the filing surge a “surprise land rush” for crypto ETFs.

Nine XRP spot ETF applications have been listed on the DTCC platform, a record high ahead of official approvals. Issuers include Franklin Templeton, Bitwise, 21Shares, Canary Capital, CoinShares, Volatility Shares and Amplify. Canary Capital’s amended 8-A filing has secured Nasdaq approval, positioning it as the first ’33 Act spot XRP ETF to launch imminently. Bitwise and Grayscale also updated their S-1 filings, signalling their own ETF debuts. With the U.S. government shutdown over, the SEC has resumed full ETF reviews, clearing a backlog of seven pending XRP spot ETF approvals. XRP price jumped over 12% on November 10 amid ETF optimism and government funding news. Analysts forecast up to $5 billion of inflows in the first month, mirroring the success of bitcoin spot funds. Enhanced regulated access to XRP via these ETFs could boost liquidity, institutional adoption and price momentum.

Former President Donald Trump denied any personal or financial ties to Binance founder Changpeng Zhao during a November 2 ’60 Minutes’ interview, rejecting claims that the exchange financed stablecoin purchases for pro-Trump groups. He characterized Zhao’s legal proceedings as politically motivated and insisted his pardon of Zhao — who served four months in prison and paid a $4.3 billion settlement for money laundering charges — was not politically driven. Trump emphasized the importance of cryptocurrency to the US economy and urged America to lead innovation in the cryptocurrency industry, particularly against rivals such as China. Meanwhile, Zhao faces renewed scrutiny after U.S. Senate Democrats, led by Senator Elizabeth Warren, called for a federal investigation into potential conflicts over a proposed USD stablecoin for Trump’s crypto venture. Reports also suggest Zhao may file a defamation lawsuit against Warren. Traders should monitor developments at Binance and evolving regulatory dynamics, as these factors could impact BNB’s performance in both short- and long-term trading.

Romania’s National Office for Gambling (ONJN) ordered ISPs to block Polymarket’s website. The regulator deemed the platform an unlicensed crypto wagering service. ONJN found Polymarket processed over $600 million in bets on real-world events without a Romanian gambling license. It cited gaps in financial reporting, user protection, and anti-money laundering controls. President Vlad-Cristian Soare noted that local gambling laws apply to blockchain-based betting. Polymarket must secure a valid license and implement mandatory safeguards. This move echoes global restrictions by the US CFTC, France, Belgium, Poland, Singapore, and Thailand. Traders should watch regulatory shifts, as similar bans could impact DeFi access and market confidence.

Democratic Representative Ro Khanna has introduced a new crypto trading ban bill in the US House. The proposed legislation would bar the president, vice president, members of Congress and their families from owning, creating or trading cryptocurrencies and stocks. It requires officials to place existing digital asset holdings in blind trusts during their term and for two years afterward, and to disclose all crypto transactions. The bill expands Khanna’s stalled 2023 Ban Congressional Stock Trading Act by adding memecoins, stablecoins, NFTs and DeFi platforms. It directly targets former President Trump’s alleged use of endorsements to boost opaque crypto ventures and criticizes Trump’s pardon of Binance CEO Changpeng Zhao. This crypto trading ban bill aims to strengthen oversight, prevent conflicts of interest and shape US crypto regulation.

Evernorth Holdings, backed by Ripple, has accumulated over 388.7 million XRP tokens, investing about $1 billion at an average price of $2.44. At the current market price of $2.66, this positions its XRP portfolio at $1.03 billion, netting an unrealized gain of $85.5 million. The firm plans to go public via a SPAC merger with Armada Acquisition Corp II, targeting at least $1 billion in new funding to build a large-scale XRP treasury. CEO Asheesh Birla leads the initiative, with Ripple’s Brad Garlinghouse, Stuart Alderoty and David Schwartz joining as strategic advisors. A second Ripple-backed XRP treasury project is also underway, aiming to further expand institutional adoption. This large-scale XRP accumulation has driven the token up 1.5% and supported a 10% weekly gain. The move signals growing institutional confidence in XRP and reignites speculation over potential U.S. spot XRP ETFs.

FalconX has agreed to acquire Swiss ETP issuer 21Shares in an all-stock deal valued at $1.15 billion. The merger combines FalconX’s US distribution, liquidity and prime brokerage services—which have facilitated over $2 trillion in trading volume for more than 2,000 institutional clients—with 21Shares’ European ETP issuance platform and 55 exchange-listed products managing over $11 billion in assets. The acquisition positions FalconX at the forefront of the crypto ETF boom following SEC approval of spot Bitcoin ETFs. 21Shares will continue to operate independently under CEO Russell Barlow, while founder Hany Rashwan’s team integrates to develop tailored crypto investment vehicles. No changes are planned for existing European ETPs or U.S. ETFs. Traders can expect expanded access to regulated crypto ETFs and ETPs.