Crypto News

Ethereum has slipped below its broader ascending channel after a rebound failed at the $2.44K–$2.52K supply zone, keeping the short-term outlook cautious. The price is near the $2.32K–$2.36K demand area; a sustained break below $2.32K could open a move toward $2.22K and the broader bullish imbalance extending as low as $1.92K. On the four-hour chart, lower highs and a rejection from $2.47K–$2.5K point to continued selling pressure. Buyers would need to recover $2.4K–$2.42K, then reclaim $2.47K–$2.5K, to improve the setup. The $2.54K–$2.58K zone is another resistance area. Ethereum futures taker activity has shifted to sell dominance over the measured 90-day window, supporting the bearish technical picture. This is not a guaranteed breakdown: holding support or a shift in order flow could trigger a relief bounce. Traders are watching the $2.32K–$2.36K support zone and nearby resistance for confirmation.

Applied Materials remains a buy in the analyst’s view, as AI-related semiconductor demand supports growth and the company’s Q4 outlook points to robust performance and expanding margins. Applied Materials’ forward price-to-earnings ratio has fallen below 30 after a selloff in AI-related stocks, improving the perceived risk-reward profile. Long-term industry forecasts and the company’s EPIC Center are cited as potential growth and innovation drivers through 2030. Key risks include the company’s exposure to China and possible export restrictions. The article provides no specific Q4 figures.

Bloom Energy reported strong third-quarter 2026 results, raised its fourth-quarter outlook and forecast robust long-term growth in data-center power solutions. The fuel-cell maker is expanding production capacity, targeting more than 5 GW and potentially $20 billion in annual revenue. Oracle and Nebius are among the customers cited as supporting demand. Bloom Energy has faced negative cash flow recently as it builds inventory and invests in equipment. However, the company has $2.5 billion in cash and reported positive free cash flow year to date. The article argues that current forecasts may understate Bloom Energy’s future earnings potential as capacity and operating leverage increase. Its valuation is presented as reasonable against 2028 earnings targets, though those targets and the growth outlook remain uncertain.

CMCC Global, which manages about $500 million, plans to launch two tokenized Bitcoin funds: Crest Fund and Liberty Bitcoin Accumulation Fund. The Liberty fund is targeting an annualized net return of 8% to 12% in BTC. The announcement did not provide further details on launch timing or how the funds will generate returns. The planned tokenized Bitcoin funds could broaden access to BTC-based investment products, but the target return is not a guarantee.

The New Hampshire Union Leader has endorsed Republican John Sununu in the 2026 US Senate race, where he is running against Democrat Chris Pappas for the seat being vacated by Jeanne Shaheen. The newspaper cited Sununu’s independent-minded conservative approach. The Sununu endorsement adds to his support from former President Donald Trump; Pappas has received backing from former Republican nominee Don Bolduc. The article reports prediction-market odds of 91.5% for a Democratic win and 8.5% for a Republican win, despite describing the endorsement as a development that could strengthen Sununu’s campaign. Upcoming polls and campaign activity may show whether the Sununu endorsement changes voter support. The story has no direct connection to cryptocurrency markets.

Pearl Gray Equity and Research has turned constructive on spot gold after previously taking a cautious view. The author says SPDR Gold Shares (GLD) has fallen about 25% from its all-time high, as markets priced in liquidity, interest-rate and inflation risks. The pullback may have already reflected headwinds including thin liquidity, changing market narratives and the US dollar’s yield advantage. Stagflation risks, persistent geopolitical tensions and continued central-bank gold buying could support gold prices. The author sees current levels as a reasonable entry point for long-term investors, while warning that gold lacks conventional valuation anchors and could remain rangebound. The article is an analyst’s opinion, not a market forecast or investment advice.

Trader Bonk Guy’s token holdings are valued at about $8.9 million, down approximately $18.7 million from a peak of $27.6 million on September 6, according to market data. Bonk Guy’s largest spot positions are PONS, worth about $2.5 million; USELESS, worth $2.48 million; and MARSCOIN, worth $1.68 million.

TeraWulf has increased its senior secured revolving credit facility by about 60%, from $250 million to approximately $400 million. The amendment to the agreement took effect on October 23, according to the company’s 8-K filing. Morgan Stanley Senior Funding serves as administrative and collateral agent. TeraWulf may increase the facility by a further $150 million if it secures additional lender commitments and meets the required conditions. The amendment also removes a previous $150 million sublimit for letters of credit. The expanded credit facility gives TeraWulf, a Bitcoin mining company, greater access to financing, though the filing does not specify how the additional capacity will be used.

Fidelity Digital Assets research analyst Zack Wainwright said Bitcoin’s recent recovery resembles its 2022 rebound. As of 12 October, Bitcoin had climbed nearly 50% from its June low of about $58,000. Wainwright cautioned that returns have narrowed across Bitcoin cycles and past performance does not guarantee future results. However, he said a large rise in dollar terms remains possible, and Bitcoin could move from $100,000 to $200,000 much faster than it took to reach $100,000 for the first time, nearly 16 years after its launch.

Palantir CEO Alex Karp says Europe is falling behind the US and China in artificial intelligence, blaming cautious regulation and bureaucracy for slowing adoption. He argues that partnerships with major technology providers could help Europe build AI capacity. The debate has direct commercial stakes for Palantir. The company has about $296 million in contracts across 11 European countries, but some deals have not been renewed as governments consider local providers. France’s domestic intelligence agency ended its Palantir contract in June 2026, and the UK and Germany have also reviewed partnerships amid concerns about technological sovereignty. Lithuania and Poland appear more open to cooperation. The contrast is sharp: Palantir reported 93% revenue growth in its US business in 2026, while European growth has been sluggish. For traders, Palantir AI Europe is a story to monitor through contract renewals and new deals, but it has no clear, immediate impact on cryptocurrency prices. The issue may also shape broader investor sentiment toward AI companies and technology policy.

Goldman Sachs CEO David Solomon said AI-driven health advances could extend lifespans and lead people to work for longer. He argued that work provides purpose as well as income. Solomon said governments and businesses should help workers navigate disruption from AI while allowing innovation and holding companies accountable for its effects. He also described the US economy as resilient, with employment and wage growth remaining relatively strong, but warned that higher fuel and transportation costs linked to the Iran war could feed through supply chains and pressure consumers.

Hyperliquid founder Jeff Yan says US rules for decentralised markets should focus on identifiable market operators rather than blockchain technology. He argues this approach could help provide legal access to Hyperliquid in the United States by placing compliance duties on operators. The proposal is not a regulatory change, and uncertainty remains. HYPE traded around $76–$78, down 1%–3% over 24 hours and about 20% from its September all-time high of $98.04. A prediction market put the odds of Hyperliquid reaching $100 by year-end at 29%, compared with 37% the previous day. Traders will watch for regulatory announcements and any signs that the framework could affect Hyperliquid’s US access.

CoinShares’ BTF liquidation has reached cash settlement, with the Options Clearing Corporation (OCC) confirming a payout of $22.16255605 per share. The adjusted deliverable for each standard options contract is $2,216.26 in cash, replacing the fund’s former share-based exposure. The OCC also moved BTF options that were due to expire after November 20, 2026, to that date. Earlier expiries remain unchanged. Existing American-style options can still be exercised before expiry, with settlement in one business day. The BTF ticker remains the same, but the contracts now reference cash rather than an active crypto fund. CoinShares announced the fund’s closure in September. October 20 was the final trading day, and liquidation was planned around October 21. BTF invested primarily in Bitcoin and Ether futures, supported by cash and high-quality debt; it did not directly hold equivalent amounts of the coins. The fund reported about $15.96 million in assets as of October 20. The BTF liquidation resolves obligations tied to this specific fund. It is not a new announcement of Bitcoin or Ether sales, nor evidence of outflows across all CoinShares products.

Liquid Capital founder Li Yihua says the broader crypto trend remains bullish, but the industry is in a downturn. He said ETH is trading at less than half its price six years ago, while BTC is around its level from three years ago. Li also noted that AI has drawn significant talent and capital away from crypto. He cited past market calls, including his view that Bitcoin could pull back to $86,000, and said patience is important as investors learn from mistakes.

Pump.fun generated about $1.98 million in revenue over the past 24 hours, edging past Hyperliquid’s roughly $1.96 million and ranking third on the revenue leaderboard. The Pump.fun figure covers its broader business, including token launches, PumpSwap and its trading terminal. The comparison highlights strong activity across Pump.fun’s ecosystem, but the figures alone do not indicate a direct change in either platform’s token price or the wider crypto market.

Iranian President Masoud Pezeshkian said the United States was responsible for the failure of talks on a temporary agreement, but called for both sides to keep trying to reach a deal. Speaking on state television on Saturday, he said negotiations had been under way before the US “messed everything up”. His comments signal an openness to renewed Iran agreement talks, although no new negotiations or timeline were announced.

Iranian President Masoud Pezeshkian said many households are struggling to afford basic necessities amid the country’s “neither war nor peace” conditions. Sanctions, high inflation and a sharply weakened rial continue to weigh on Iran’s economy. The article says this pressure may add to uncertainty about Pezeshkian’s political future. A Polymarket contract put the odds of him leaving office by December 31 at 9.5%; the article provided no change or 24-hour volume figures. The report does not identify a direct effect on cryptocurrency markets.

The Pentagon partially reversed Defense Secretary Pete Hegseth’s decision to bar US military personnel from participating in an NFL game in Paris. The State Department argued the event had diplomatic significance and that security risks to US troops were low. The Pentagon reversal allows a limited military presence, including a color guard. The article says prediction-market odds put the chance of Hegseth leaving his post by December 31 at about 22.5% YES. The Pentagon reversal is presented as a sign of reduced uncertainty around his position, although further tensions between government departments or comments from President Donald Trump could affect those expectations.

Bitcoin and other major cryptocurrencies edged lower as investors weighed sticky US inflation and a sharp tech-sector sell-off. Bitcoin and Ethereum each fell 0.8% in the reported market snapshot, while Litecoin dropped 2.7% and XRP slipped 0.1%. US CPI inflation rose 3.7% year over year in September, matching forecasts but accelerating from 3.4% in August. The Cboe Volatility Index briefly surged about 30% to above 21, its highest level in more than four months, as technology shares struggled. For the week, the Nasdaq fell 4.48% and the S&P 500 lost 1.95%, while the Dow gained 0.67%. Major US banks also reported third-quarter results. The market update points to a cautious macro backdrop for crypto trading: inflation and equity-market volatility may prompt traders to reduce risk, although the reported moves in Bitcoin and other tokens were comparatively modest.

Dragonfly partner Haseeb Qureshi challenged DFINITY founder Dominic Williams’ allegation that NEAR Intents used DFINITY’s threshold ECDSA signing technology without authorization. Qureshi said the relevant patent was granted only in late July, and NEAR Intents changed its algorithm in September, leaving roughly a month between patent approval and the change. He also noted that the algorithm was first published in a CC BY-licensed academic paper, which NEAR cited in its implementation. The dispute concerns patent timing, the basis for using the technology and whether NEAR’s implementation infringed the patent. The claims are public statements from the parties; no independent finding of infringement is reported.

This week’s token unlocks include Falcon Finance (FF), Collector (CARDS), Kamino (KMNO) and EigenLayer (EIGEN), spanning DeFi infrastructure, collectibles, liquidity management and Ethereum restaking. The largest reported unlock is Falcon Finance’s 210 million FF tokens, worth about $20.68 million and representing more than 6% of its circulating supply, according to the article. Kamino is set to unlock 230 million KMNO tokens, valued at about $9.34 million. EigenLayer will release 36.81 million EIGEN tokens, worth about $7.62 million. The article gives no token quantity or value for Collector’s CARDS unlock. These scheduled token unlocks could increase tradable supply, although the report does not specify how much unlocked supply will be sold.

Nova Capital argues that the recent semiconductor pullback is overdone and may offer an attractive entry point for investors in the iShares Semiconductor ETF (SOXX). The article points to robust earnings growth, record-high forward net profit margins and sector valuations below the S&P 500, despite stronger expected growth. It contrasts current conditions with the 2001 technology crash, noting that hyperscalers still generate strong operating cash flows and have maintained ambitious spending plans. Goldman Sachs and S&P Global projections suggest hyperscaler capital investment could approach $1.2 trillion in 2027 and beyond. The author sees declines toward key 200-day moving averages as potential long-term buying opportunities. The main risk is a sudden cancellation or reduction of customer budgets. The semiconductor pullback thesis therefore depends on continued earnings growth and sustained AI-related infrastructure spending.

JUST has upgraded its JST buyback and burn program, adding GasFree revenue to funding from JustLend and USDD. The protocol says it will maintain a $50 million treasury reserve and direct funds above that floor to buybacks. An initial $20.34 million in surplus capital is set to be deployed across four rounds starting in Q4 2026. The JST buyback mechanism will use continuous open-market purchases, with tokens burned periodically. JUST DAO will manage execution, with transactions verifiable on-chain. GasFree, which allows users to pay transfer fees in the tokens they send, has processed more than $157.1 billion in stablecoin transfers across over 9.14 million transactions, according to the article. It reportedly generated about $12.03 million in cumulative revenue through Q3 2026. The expanded funding base could strengthen JST’s long-term value-accrual model, but the planned capital deployment begins in Q4 2026. The announcement does not guarantee a particular price impact; traders may also weigh execution, revenue growth and broader market conditions.

The UK Financial Conduct Authority (FCA) says crypto apps that choose trading venues or execution routes for customers may need authorisation under new rules due to take effect on 25 October 2027. The draft guidance, CP26-36, covers apps making choices based on price, liquidity, cost or execution speed. Changing an order, deciding when to execute it, or selecting a route based on counterparty risk or expected outcomes may count as discretionary involvement. Automation does not exempt an app’s developer or operator, while interfaces that only relay instructions without affecting execution may qualify for a technical-services exemption. Existing UK crypto firms can apply for authorisation from 30 September 2026 to 28 February 2027. The consultation closes on 18 November; the FCA aims to publish final guidance in January 2027, while the consultation document also refers to spring. The proposal could increase compliance obligations for crypto trading apps and route-selection services.

Argentine President Javier Milei named five journalists in an Oct. 23 post attacking coverage of the LIBRA investigation, after a judge dismissed the criminal case against him, his sister Karina and nine other defendants. Milei accused critics of spreading falsehoods and asked who would compensate him for alleged reputational damage. His claims were not independently established in the reports.

The article presents Latin America’s resource boom as a potential source of diversification for investors concentrated in AI-related assets. It highlights copper, gold and emerging-market growth as key themes. It also argues that as emerging economies diversify away from the US dollar, gold could gain appeal as an alternative reserve asset. The provided article text ends before giving further details or specific data.

Bitcoin whale activity drew attention after Lookonchain reported that 40 newly created wallets withdrew 9,458 BTC from Wintermute since Oct. 1. The transfers were valued at $771.5 million, implying about $81,571 per BTC, but do not confirm the coins were bought at that price—or that the wallets belong to separate investors. Commentator Ash Crypto cited a similar estimate of $780 million without providing a full reconciliation. A separate post by Lucky highlighted a 32,380 BTC daily inflow, described as the largest since April. The chart did not identify the wallets or prove the movement represented new purchases. Crypto Rover also promoted Bitcoin’s bull market support band as a buying signal, but gave no specific invalidation level. For traders, the figures may support speculation about whale accumulation, but transfers alone do not establish net demand or a reliable price signal. Custody changes, hedging and over-the-counter activity can also move large amounts of BTC.

Abraxas Capital’s wallet has recorded a record $193 million in cumulative profits from Hyperliquid perpetual futures. The gains are not purely directional: the wallet’s positions are hedged with spot assets. It holds about $207 million in USDC, has traded $5.43 billion in total volume and has roughly $7.25 billion in open positions, alongside sizeable BTC, ETH and SOL holdings. The scale of Abraxas Capital’s activity makes its Hyperliquid positions worth monitoring, but the reported profit alone does not indicate a bullish or bearish market view.

Electrum has released version 4.8.3 to fix a critical security issue and urged all users to upgrade. The wallet’s GitHub changelog labels the release a security update, dated October 23, 2026. Electrum has not yet disclosed technical details of the vulnerability, saying they will be published later. Users should download Electrum only from its official website and verify the GPG signature to confirm the software’s authenticity and integrity.