Crypto News

Google Gemini outlined an intentionally extreme, hypothetical scenario in which Hyperliquid becomes a major liquidity and matching engine for regulated on-chain prediction markets. If that adoption coincided with a broad crypto bull market, HYPE could theoretically reach $500–$900, with a stretch target above $1,400 by 1 January 2027. The article stresses these figures are speculation, not a base-case forecast, and says the required coordination among platforms, regulators and Hyperliquid is highly unlikely. HYPE was reported to be consolidating around $75–$78 after retreating from an all-time high near $98. Support is identified at $74–$75 and $68–$70, with resistance around $80–$85; a sustained move above $100–$120 would signal stronger bullish momentum. The proposed upside depends on prediction-market adoption, favorable macro conditions and renewed appetite for crypto risk.

A critical PHP vulnerability could leave websites exposed for weeks, Immunefi CEO Mitchell Amador warned, especially where smaller operators are slow to install emergency patches. The PHP Foundation acknowledged that a fix for a flaw first identified in 2024 was delayed because of limited resources. Developers have since released emergency patches for two critical PHP vulnerabilities, but website operators must upgrade their systems themselves. Cloudflare CEO Matthew Prince said the network recorded millions of PHP vulnerability exploit attempts within 24 hours of public disclosure, as well as thousands beforehand. The FBI warned that attackers could remotely execute code and potentially compromise sensitive data and networks. PHP is used by about 69% of websites with a known server-side language, according to W3Techs. Amador urged users to avoid reusing passwords, be cautious when connecting crypto wallets to websites and revoke unfamiliar token approvals. He framed the issue as part of an AI-driven “vulnerability apocalypse”: finding software flaws is becoming cheaper, while fixing them remains difficult.

Ethereum (ETH) has fallen about 13% this month, putting it on track for one of its rare negative Octobers. ETH was trading near $2,330, down 4.3% over the past week, and has closed another weekly candle below $2,400. Analysts warn that ETH could fall further. Alaoui Capital identified $1,850–$1,920 as a potential support zone if the price breaks below the psychological $2,000 level. Analyst Ted said failure to reclaim $2,350 soon could open a move towards $2,200. Other market commentators offered a more optimistic view, suggesting ETH could rebound above $3,000 or eventually reach $3,600. Demand from institutional investors is also weakening. Spot Ethereum ETFs recorded about $220 million in net outflows last week, adding pressure as issuers sell assets to meet redemptions. BitMEX co-founder Arthur Hayes also sold more than $15 million in ETH and reduced positions in ENA and UNI, despite having previously forecast that Ethereum could reach $10,000 by the end of 2026. The combination of price weakness and ETF outflows raises near-term downside risks for Ethereum, although analysts disagree on whether the current decline will continue or lead to a reversal.

Sui’s version 1.84.0 update bumps the pinned fastcrypto dependency from commit da61cd4 to 576f00e. The single-commit change adds G1_SIZE and G2_SIZE constants for BN254 elements and uses G1_SIZE when splitting vk_gamma_abc during PreparedVerifyingKey deserialization. The change does not alter behavior; a related Sui change, #28230, also uses G1_SIZE.

A group of 109 Israeli economists and business leaders has urged Prime Minister Benjamin Netanyahu not to pursue a crypto sanctions-evasion plan. Signatories include former Bank of Israel governor Jacob Frenkel and 2025 Nobel economics laureate Joel Mokyr. They called cryptocurrency a “perplexing solution” used by criminal groups and said it would not solve the problem of sanctions. Netanyahu said on Friday that Israel should prepare a “bypass economy” in case its banks face sanctions. Asked whether he meant using cryptocurrency, he replied, “Absolutely.” The Bank of Israel has rejected the proposal. The debate comes ahead of Israel’s election, scheduled for the following day. While crypto sanctions evasion has previously been associated mainly with Russia and Iran, the proposal would be notable because Israel is a close US ally.

Google and Amazon Web Services are making it easier for developers to run PyTorch workloads on their own AI chips, targeting Nvidia’s software advantage. Google has open-sourced TorchTPU for its Tensor Processing Units, while AWS has launched the public beta of TorchNeuron for Trainium accelerators. Both tools aim to reduce the code changes and engineering work needed to move AI workloads from Nvidia GPUs to alternative hardware. The moves highlight how software compatibility is becoming a key part of the AI chip competition. Nvidia retains a strong lead through its GPUs and CUDA ecosystem, but Google and AWS hope familiar PyTorch tools will make their chips more attractive on cost, availability and workload-specific performance. Easier migration could also give cloud customers more flexibility and increase competition in AI training and inference.

The Fed rate decision on October 28 is widely expected to leave the federal funds target range unchanged at 3.75%–4.00%. In a Reuters poll, 94 of 100 economists forecast a hold, while all 100 expected a rate increase at the December meeting. Persistent inflation and resilient economic activity have shifted debate away from rate cuts, though the Fed’s guidance will determine whether markets see further tightening as likely. The Fed rate decision comes before key US data due October 29: the Q3 GDP advance estimate and September personal income and outlays, including PCE inflation. Economists expect headline PCE inflation to rise to 3.6% from 3.4% in August, although the figures were not yet available at the time of the meeting. Strong data could reinforce expectations for higher rates; weaker readings might ease them. For markets, a hawkish hold could lift Treasury yields and support the US dollar, while potentially pressuring stocks and gold. The actual reaction will depend on how the Fed’s message compares with expectations. The October decision may therefore offer limited certainty, with incoming inflation and growth data shaping the outlook for December.

Ethereum faced renewed selling pressure as about $44 million in ETH futures positions were liquidated over a 24-hour period. Long positions accounted for roughly $32.6 million, or 74% of the total, while short liquidations reached $11.4 million. ETH traded near $2,320 after Bitcoin briefly fell below $80,000 ahead of the Federal Reserve’s October 27–28 policy meeting. Ethereum futures open interest remained close to $30 billion, leaving significant leveraged exposure in the market. If ETH falls below its recent low near $2,285, the $2,250–$2,200 range could come into focus; a break below $2,200 may raise the risk of a move toward $2,000. A recovery above $2,350 and then $2,400 would improve the short-term outlook, with $2,500–$2,600 cited as a resistance zone. Pressure also came from inconsistent demand for U.S. spot Ethereum ETFs, which recorded about $220.7 million in net outflows across the five sessions ending October 23. Separately, developers postponed the Glamsterdam upgrade’s planned Hoodi testnet activation after identifying concerns with proposed gas-accounting changes. The delay adds uncertainty to the development schedule but was not established as a direct cause of ETH’s price decline.

JPMorgan estimates Brent crude’s fundamental value at about $94 a barrel, roughly $21 below its market price of around $115 on October 26. The gap reflects a geopolitical premium tied to the Iran conflict, including risks to energy infrastructure and shipping routes. Brent had reached $116.72 on October 23. Higher freight and insurance costs also raise the price paid by importers. Oil delivered to Asia averaged about $131 a barrel in October, compared with roughly $93 before shipping. JPMorgan says $94 is a model-based estimate, not a near-term price target. Easing tensions could put pressure on Brent, while further attacks or shipping restrictions may keep prices elevated. Persistently high oil prices could also add to inflation concerns.

Polygon Open Money Stack (OMS) has introduced agent spend controls, allowing businesses to give AI agents limited authority to make payments from an existing wallet. Teams can set a budget, approve specific payment actions and contracts, and define an expiry. They can also revoke the permission at any time. The rules are recorded in the wallet’s onchain Sessions Module. The wallet checks each payment request against the approved scope and rejects requests that exceed the budget, fall outside permitted actions, or arrive after expiry. Agents cannot expand their own permissions. Polygon says the controls complement payment protocols such as x402 and the Machine Payments Protocol: those can structure payment requests, while OMS determines whether an agent is authorized to pay. The feature is aimed at use cases such as purchasing compute or data, topping up accounts, and settling approved business payments. The announcement does not provide adoption figures or indicate a direct change to POL token economics.

A Biteye guide explains how developers can use Codex to build tools for Binance Agentic Wallets, aimed at speeding up BNB Chain trading and discovering on-chain opportunities. The proposed tools include a four.meme token trading terminal with manual trade confirmation, an Agent Mint radar for tracking NFT mints and token claims linked to Binance Agent IDs, and dashboards for NFT prices, holdings and wallet performance. Community-built tools also cover multi-platform trading and Agent ID name searches. The article notes that 95,000 Ptah Relics were minted in about half a day on 23 October, driving interest in similar opportunities. It warns users to review third-party code, test with small amounts, set trading limits and never share private keys or seed phrases with AI. These tools may improve access and execution, but do not guarantee profits and carry security and trading risks.

Bitcoin treasury preferreds are the focus of an interview examining how Strategy (MSTR), Strive (ASST) and Metaplanet are seeking capital to fund Bitcoin holdings. Analyst Allard Peng says Metaplanet struggled to issue preferred shares in Japan and took over a US company to gain access to the US capital market, where it can compete with Strategy and Strive for investors. He cites STRC, a preferred stock that was among 2025’s largest IPOs, as evidence of investor demand for this type of financing. The discussion also covers why Bitcoin treasury preferreds fell in June as leveraged trading strategies unwound, what could restore demand for shares trading below par, and how issuing preferred shares above par can increase net Bitcoin per common share. Peng says the terms for how Metaplanet supports its US subsidiary still need clarification and discusses why the transaction could benefit common shareholders. The programme notes that Bitcoin ETFs attracted $1 billion over three sessions while BTC remained below $85,000. It also compares Strive’s fixed 15% junior preferred with variable-rate SATA. The material is an interview and outlook, not a confirmed announcement of future issuance or investment advice.

Real estate investor and author Leon Wankum argued on the Bitcoin Magazine Podcast that Bitcoin could eventually outgrow the global real estate market, which he estimates is worth $300 trillion to $500 trillion. He said much of property’s value—estimated at 80% to 90%—comes from its monetary premium rather than its practical use, and believes that value could shift to Bitcoin. Wankum outlined a $1,000 trillion base-case valuation for Bitcoin and said its price could reach $1 million by the late 2030s. He contrasted Bitcoin’s purported long-term growth with real estate’s slower returns, arguing that some investors may be better off renting and buying Bitcoin. These figures and investment views are Wankum’s forecasts, not established outcomes. The discussion did not announce a new market development or provide independent evidence for the projections.

Anthropic reports $10.8 billion in remaining performance obligations, or contracted revenue not yet delivered. The company expects 75% of this backlog to be recognized as revenue within 12 months. The figure indicates substantial contracted demand, but it is not revenue already earned. A separate $265 million financing commitment remains unconfirmed. The uncertainty is drawing attention because Anthropic has made large infrastructure commitments, many of them non-cancelable, and is reportedly considering an IPO. Traders and potential investors will be watching for confirmation of the funding and evidence that Anthropic converts its backlog into revenue on schedule.

Anthropic completed a 1-for-1,000 reverse stock split of its Class T shares, including both issued and authorized shares. The class is held by the company’s Long-Term Benefit Trust, which has significant influence over board appointments. The split reduces the share count but does not change ownership percentages or the trust’s relative influence. The move comes as Anthropic reportedly prepares for a November 2026 IPO. The company reported third-quarter revenue of $16.8 billion, up 45% from the previous quarter, while draft IPO materials reportedly show $80.7 billion in non-cash losses in the first half of 2026. Anthropic was valued at about $968 billion in October. The reverse split is a structural change, not a change to the company’s underlying financial performance; investors are likely to focus on its governance model and final IPO disclosures.

Meta Platforms reported 26% year-on-year revenue growth and issued strong fourth-quarter guidance, supported by AI-related improvements in its advertising business and pricing power. However, the analyst downgraded Meta from Strong Buy to Buy, citing rising capital expenditure and concerns that the company may increasingly rely on external funding rather than free cash flow. Slowing advertising-impression growth, possible share issuance under a new Class C structure and uncertainty around 2027 CapEx guidance add risk. The downgrade signals a more cautious outlook on Meta’s investment demands, despite its strong operating performance.

According to data from MSX.COM, Brazil’s small-cap index plunged 30%, marking its largest-ever decline. The report provides no explanation for the drop or details on the index’s constituents. The sharp fall signals significant stress in Brazil’s equity market, but its direct implications for crypto trading are unclear.

Shares of US-listed Brazilian companies narrowed their losses, according to MSX.COM data. Petrobras fell 15.8%, Itaú Unibanco dropped 20.5%, Bradesco Bank slid 28.6%, Embraer declined 4.8%, and Nu Holdings lost 20.4%. Despite the partial recovery, declines remained steep, particularly for Bradesco. The report gave no cause for the sell-off or indication of a direct link to cryptocurrency markets.

Coinbase plans to list RITUAL spot trading later today, October 26, 2026. The RITUAL-USD pair is expected to become available in supported regions, subject to liquidity conditions. Traders will be able to monitor RITUAL’s price and trading volume once the market opens.

The S&P 500 entered the final week of October under pressure from high energy prices, rising Treasury yields and questions about returns on artificial intelligence investment. It closed at 7,623.68 on October 23, down about 2.5% from its October 6 closing high of 7,818.93—short of the 10% drop commonly used to define a market correction. Investors are watching several catalysts. Microsoft and Alphabet are due to report on October 28, followed by Amazon on October 29. Their cloud growth, AI-related capital expenditure, margins, cash flow and guidance could shape sentiment toward the tech sector and the broader S&P 500. The Federal Reserve’s October 28 decision is also in focus; rates are widely expected to remain unchanged, but its comments could signal how long borrowing costs stay elevated. US third-quarter GDP and September personal income and outlays, including the PCE inflation index, are scheduled for October 29. Persistent inflation, high oil prices and Treasury yields near 5% could weigh on stock valuations, while resilient earnings and easing inflation may support a rebound. Traders are also monitoring market breadth: a recovery led by more sectors would be more convincing than one driven only by the largest technology companies. The S&P 500 outlook remains uncertain. Earnings guidance, bond yields, inflation data and the index’s ability to regain recent levels are key indicators for traders.

Bitcoin traded near $80,300 on Monday after holding above $79,200 for a third day. Traders are watching three consecutive sessions of potential catalysts: the Federal Reserve decision on Wednesday, Coinbase and Strategy earnings on Thursday, and about $10.9 billion in Bitcoin options expiring Friday. Recent pressure includes $773.5 million in U.S. spot Bitcoin ETF outflows on Thursday and Friday, oil prices above $100 a barrel, and expectations that the Fed will keep rates high. A sell-off on Saturday triggered about $820 million in crypto liquidations, while futures funding rates have since returned to neutral. Bitcoin’s immediate support is $79,221–$79,369. A daily close below that range could expose $78,000, the options market’s max-pain level, followed by the 200-day EMA near $76,348. On the upside, traders are watching the 50-day EMA at $80,808, resistance around $81,390–$81,840, and $82,850. The options market has more calls than puts, but large put positions at $75,000 and $70,000 signal downside hedging. With macroeconomic events and earnings approaching, Bitcoin’s next move may depend on whether buyers defend support or the catalysts renew selling pressure.

StandX’s airdrop results have disappointed users and reversed some of the positive sentiment around the project’s shutdown. A Kaito leaderboard user who said he lost about $20,000 in trading received 904.41 DUSD, while other active traders reported similarly small allocations. Some users who only deposited funds said the claim page showed no allocation, despite StandX previously listing deposits among the airdrop criteria. A Kaito participant also said an expected allocation was missing. StandX has not disclosed the total airdrop pool or how points convert into DUSD. The project said allocations would reflect deposits, trading, market making and referrals, with checks for Sybil activity and volume manipulation. It had earlier said users allocated tokens through the Kaito programme would receive DUSD. StandX announced on 15 October that it would not issue a token and was shutting down. The airdrop is scheduled to open for claims on 1 November at 08:00. Remaining perpetual positions are due to be closed at mark price on 15 January 2027, with DUSD redemption and withdrawals ending on 31 January. The dispute is raising questions about allocation transparency and may weaken user trust, although its effect appears confined to the StandX ecosystem.

Anthropic has established a long-term benefit trust and plans to create special T-class shares for T-class directors as part of its corporate governance structure. The company says it intends to devote substantial resources to AI safety and broad public benefit, while warning that advanced AI could pose catastrophic risks without appropriate regulation. Anthropic’s board has also approved a framework allowing up to 2% of total equity in new N-class shares to be issued to a public-benefit fund whenever the company’s share price rises by 50%. Its co-founders have pledged 80% of their personal equity in Anthropic to charitable causes. The report also cites a planned $541 million expense for a donation-matching programme, substantial infrastructure commitments, and projected payments to Google of up to about $114.5 billion by 2033. Computing and infrastructure costs are expected to remain Anthropic’s largest operating expense.

A Bitcoin Magazine discussion examines a PHP vulnerability linked to outages affecting government and hospital websites in Europe, and considers whether the incident puts Bitcoin at risk. Technical editor Shinobi says the flaw involved memory management and discusses how AI can help identify vulnerabilities much faster, while cautioning that it changes the pace of hacking more than its underlying nature. The discussion says Bitcoin’s cryptographic library, libsecp256k1, and Bitcoin Core are not known to be exposed to this PHP hack. It also argues that Bitcoin’s cautious development process is important for security. As a precaution, the speakers advise users to consider taking Lightning nodes offline and keeping funds in cold storage while checking multisignature and Sparrow wallet setups. The article provides no evidence of a direct compromise of Bitcoin or its network.

Bitcoin’s performance against technology stocks has turned bullish, according to Bitcoin Magazine’s analysis of the Bitcoin-to-Nasdaq ratio. The ratio reclaimed its 200-day moving average on September 18 after 235 consecutive sessions below it and has not closed beneath the level since. The analysis says Bitcoin was higher one year after five of six comparable moving-average reclaims, with a median gain of about 84%. It also describes the current 62% correction in the ratio as the shallowest reset on record, while noting that a similar signal in 2021 proved to be a false start. The ratio’s beta has fallen to 0.75, suggesting Bitcoin’s relative sensitivity to technology stocks has eased. The technical outlook remains exposed to macroeconomic risks, including elevated oil prices and US Treasury yields. The analysis identifies $76,000–$77,000 as an invalidation zone and $100,000 as a key price level to watch. These indicators may support a bullish Bitcoin-to-Nasdaq outlook, but historical results do not guarantee future performance.

Blockstream CMO Peter Bain says institutional clients see Bitcoin as poised for a major bull run. He points to Bitcoin holding around $81,000 during an equity selloff, rising US Treasury yields and unrest in Europe as a sign of resilience. Bain argues that infrastructure and adoption—including stablecoins, tokenized equities and institutional services—are developing ahead of price gains. Blockstream has opened a hub in Lugano, Switzerland, and launched a consulting division to support institutional adoption, citing the country’s regulatory clarity and banking sector. Bain also said the Liquid Network’s swap service had been restored after an incident, allowing users to move Bitcoin back to the main chain. He discussed quantum-resistance research, while describing quantum computing as a distant risk. The interview presents a positive long-term outlook, but its bullish comments are opinions rather than a guarantee of future price performance.

Forum Edge AI has signed a 36-month, $94.4 million agreement to supply Fireworks AI with Nvidia B300 GPU capacity at its Dallas data centre. Forum Edge AI is a joint venture in which Forum Markets (FRMM) owns 51% and Edge Node holds 49%. The venture plans an initial build-out of about 11 megawatts, supporting roughly 4,376 B300 and GB300 GPUs across multiple sites. Dallas has about 2 megawatts operating, with plans to reach 4 megawatts. Forum also targets 6 megawatts at a North Carolina site by Q1 2027 and another 1–2 megawatts in Texas by mid-2027. Forum Markets forecasts 2027 revenue of $125 million to $175 million and expects positive cash flow by early 2027. It says Phase 0 will rely on customer deposits and equipment financing, rather than new equity. Execution, site-opening schedules and reliance on Fireworks as an early customer remain key risks. The announcement concerns AI compute infrastructure and has no direct cryptocurrency-market catalyst.

Nova Capital maintains a Buy rating on Nvidia (NVDA) and a Hold rating on Advanced Micro Devices (AMD), arguing that Nvidia’s stronger margins, scale and integrated AI systems justify its valuation premium. The analyst says AMD’s higher projected growth is offset by pressure from component costs and possible share dilution tied to warrants issued to OpenAI and Meta. Mizuho estimates that Nvidia’s Vera server CPU business could approach $60 billion by 2028, potentially challenging AMD’s data-centre CPU position. The article presents an equity-market view, not a direct cryptocurrency-market development.

Trump-linked crypto firms are hiring lawyers and lobbyists ahead of a possible congressional investigation. Democratic lawmakers have asked World Liberty Financial and venture capital firm 1789 Capital for information on whether the businesses received government contracts or favourable policy treatment, and whether conflicts of interest exist. The firms and the Trump family say their business activities comply with the law. Any inquiry could face practical hurdles, including difficulties compelling people overseas to provide testimony or documents, while further action by federal agencies remains uncertain.