Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

HyperUnit, a crypto whale, has opened $55 million in long positions on Bitcoin and Ethereum via the Hyperliquid exchange. The crypto whale allocated $37 million to BTC longs and $18 million to ETH longs amid a market correction and low Fear & Greed Index reading of 21. Known for netting $200 million from predicting October’s US-China tariff crash, HyperUnit also bought $850 million of Bitcoin during the 2018 bear market and held through cycles to peaks above $10 billion. On-chain data from CryptoQuant and Santiment show reduced exchange balances, suggesting eased selling pressure and a potential price rebound. Bitcoin trades near $100,600, while Ethereum is around $3,600.

Pepe Coin has plunged 76% since its November high, trading near $0.0000067 after breaching critical support at $0.0000091. Multiple bearish technical patterns—head-and-shoulders, descending triangle and a death cross—have formed alongside the price falling below both 50-day and 200-day levels and the Ichimoku cloud. Futures open interest has collapsed from over $1.02 billion in July to roughly $250 million, while daily volume slid from $5 billion to under $600 million. On-chain metrics reveal whales cut PEPE holdings by 20% in 30 days (and 28% over 90 days), and public investors slashed positions by up to 72%. Negative funding rates further underscore waning demand. Initial downside targets lie at $0.00000575, with a deeper drop toward $0.00000279 or even $0.00000154 possible if support fails. Traders should watch the $0.00000911 level for any bounce. Overall, broad selling pressure and weakening fundamentals point to a sustained bearish trend for Pepe Coin.

UBS has launched the first live tokenized fund on Ethereum, processing real-time subscription and redemption orders for its uMINT money market fund using Chainlink’s DTA standard and DigiFT. Built without altering legacy systems, the blockchain fund management workflow integrates the Chainlink Runtime Environment for SWIFT ISO 20022 conversion, the Cross-Chain Interoperability Protocol, an Automated Compliance Engine for KYC/AML, and NAVLink for live NAV feeds. This fully on-chain process handles order taking, execution, settlement, and data synchronization between on-chain and off-chain systems without manual intervention. Following pilots in Singapore’s Project Guardian and zkSync-based services, this milestone under UBS’s Tokenize initiative marks growing institutional adoption of tokenized assets. Traders should note the potential for higher Ethereum network usage and increased Chainlink oracle fees as demand for tokenized fund products rises.

DASH surged over 49% in 24 hours and 150% week-on-week, outperforming major assets amid a broader market downturn as demand for privacy coins renewed. The rally was driven by renewed interest in DASH’s PrivateSend feature and Aster DEX’s new 5× leveraged perpetuals, pushing 24-hour trading volume above $2 billion and open interest past $100 million. Technical indicators show DASH breaking a 968-day downtrend, with all major EMAs aligned bullishly, although the RSI signals overbought. Key support lies at $100–$120, with resistance targets at $150–$180; failure to hold support could trigger a retracement to $85–$90. Whale wallets now hold 37% of supply—the highest in a decade—while on-chain inflows and Maya Protocol integrations bolster confidence. Traders should watch for consolidation above $130 to confirm a sustainable uptrend.

Sam Bankman-Fried has filed an appeal of his 25-year prison sentence in the US Court of Appeals for the Second Circuit, challenging his 2023 fraud conviction tied to the 2022 FTX collapse. His defense argues that Judge Lewis Kaplan displayed bias and barred evidence showing that FTX had sufficient assets – reportedly billions of dollars – to repay customers. They also contend that Chapter 11 advisers misrepresented the exchange’s solvency and that new FTX management rushed the trial to accelerate asset recoveries. Oral arguments this week will seek either a full retrial or a reduced sentence on grounds of due-process violations, including improperly excluded evidence. Recent bankruptcy filings indicate substantial asset recoveries, undermining the narrative of total insolvency that informed the original conviction. Observers have noted growing speculation of a presidential pardon, which could further sway market sentiment around the FTX token (FTT). Traders should monitor the appeal’s outcome, as it may set new legal precedents for disclosure in crypto cases and influence regulatory scrutiny across the industry. A favorable ruling could boost confidence in FTT and broader market stability, while an adverse decision might reinforce concerns over judicial treatment of crypto firms.

David Sacks, White House AI and crypto advisor, warned on a16z’s The Ben & Marc Show that broad AI regulation could heighten AI surveillance risks. He said governments might exploit AI to monitor citizens and manipulate information flows. Sacks argued that existing anti-discrimination and privacy laws already address misuse. He proposes enforcing penalties on end users who deploy AI discriminately while preserving developers’ innovation freedom. On crypto regulation, Sacks called for clear, structured rules for stablecoins, exchanges and DeFi to attract investment. He contrasted this with overreaching AI oversight, highlighting blockchain’s privacy-by-design features as a defense against centralized surveillance. His balanced strategy aims to protect digital freedoms, maintain US competitiveness in AI governance and foster crypto industry growth under light-touch governance.

Crypto.com and Hollywood have launched a CFTC-compliant entertainment prediction market that allows users to trade yes/no event contracts on film box-office results, TV ratings, music chart positions and major award outcomes. The platform leverages Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse with a DCO amendment, to offer cleared margin derivatives for U.S. users. Prices update in real time to reflect breaking news and developments, merging pop-culture engagement with crypto trading. Following Crypto.com’s Q3 performance—US$1.2 billion revenue and US$75 million net income—the new prediction market taps into a sector with monthly trading volumes exceeding US$1.3 trillion in 2023. Powered by the CRO token ecosystem, the regulated entertainment prediction market aims to broaden cryptocurrency adoption, attract new users and generate fresh fee-based revenue.

BlackRock, the world’s largest asset manager, will list its Bitcoin ETF on the Australian Securities Exchange by mid-November. The fund allows investors to gain Bitcoin exposure through regulated brokerage accounts without holding the cryptocurrency directly. Australia’s progressive digital-asset regulations and mature financial market make the ASX an ideal venue for a regulated crypto product. The BlackRock Bitcoin ETF offers institutional credibility and enhanced accessibility for both retail and institutional investors, including superannuation funds. By removing the need for private wallet management, the ETF could boost market liquidity and attract a wider investor base. Traders should note Bitcoin’s inherent volatility and monitor evolving Australian regulations. As the mid-November launch approaches, market participants will watch trading volumes and market reactions, which may influence broader crypto adoption and price stability. This launch marks a significant convergence of traditional finance and digital assets and sets a precedent for future global Bitcoin ETF offerings.

Spot Bitcoin ETFs reversed a two-week $6 billion inflow streak and have suffered four consecutive days of redemptions, including a $186.5 million outflow on Nov. 3, bringing total withdrawals since late October to $1.34 billion. Bitcoin ETF investors dumped shares amid an 8% weekly BTC price drop to $104,500, triggering forced liquidations of over 336,000 leveraged positions worth $1.36 billion in 24 hours. On-chain data show short-term holders (1–3 months) selling after prices fell below their $107,160 cost basis, while 3–6 month “smart money” begins accumulating. Technically, BTC has broken below its 50-day moving average, formed a double-top near $124,355 and may test its 50-week MA around $102,000; a drop below these levels could drive price toward $93,561, the average cost for 6–12 month holders. Rising macro risks—from U.S.-China trade tensions to U.S. government shutdown fears and banking strains—are also shifting traders into safe havens like gold.

On November 3, Hong Kong’s Securities and Futures Commission (SFC) eased Hong Kong crypto rules to boost market liquidity and attract global players. Licensed exchanges can now access overseas affiliates’ liquidity pools. This change aims to narrow spreads on major assets like BTC and ETH by up to 20%. The SFC also waived the 12-month track record requirement for new platforms serving professional investors. Revised custody licences for digital asset custodians will open next year. Full licences for stablecoin issuers and crypto dealers are expected by 2026. CEO Julia Leung says these pragmatic Hong Kong crypto rules will strengthen the city’s position against Singapore and support growth in its digital asset ecosystem.

Animoca Brands plans a Nasdaq listing via a reverse merger with AI-focused fintech Currenc Group, targeting a 2026 close. Under the term sheet, Currenc will acquire 100% of Animoca’s shares; post-merger, Animoca shareholders will own 95% of the combined firm. The deal creates the first publicly traded diversified digital assets group, leveraging Animoca’s portfolio of 628 companies in DeFi, AI, gaming, tokenization and blockchain applications. Currenc, founded in 2011, processed over $5.4 billion and 13 million cross-border transactions in 2024. This reverse merger on Nasdaq will boost Animoca’s global growth and offer traders direct exposure to the altcoin economy.

Cipher Mining has secured a 15-year, $5.5 billion AWS AI hosting lease to deliver 300 megawatts of turnkey data centre space and power for AI workloads. The contract, split into two phases from July and August 2026, marks the bitcoin miner’s first direct deal with a Tier 1 hyperscaler and underpins a strategic shift into HPC hosting. In Q3, the company reduced its net loss to $3 million from $46 million a year earlier and reported $41 million in adjusted EBITDA. Following the AWS AI hosting announcement, Cipher Mining’s shares jumped 32%, peaking at $24.80 before settling at $22.76. This latest AWS AI hosting deal builds on a previous $3 billion partnership with Fluidstack and Google, which took a 5.4% stake, and a 95% equity share in the Colchis 1 GW project in West Texas. As bitcoin mining rewards decline after the April 2024 halving, miners like Cipher and IREN—now in a $9.7 billion GPU cloud contract with Microsoft—are diversifying into AI and high-performance computing to stabilise long-term revenue.

CME FedWatch shows a 67.3% Fed rate cut probability by December and a 32.7% chance of unchanged rates. Looking ahead to January, the odds of a cumulative 25 bps Fed rate cut stand at 55.8%, and of a 50 bps reduction at 22.3%. The rising Fed rate cut odds reflect market expectations for easing monetary policy amid moderating inflation. Crypto traders should monitor shifts in Fed rate projections, as past rate cuts have sparked short-term rallies in BTC and other altcoins. Upcoming CPI data and Fed officials’ comments will be key indicators influencing risk asset flows and trading strategies.

Coin Center has filed an amicus brief challenging the US government’s fraud theory in the high-profile $25 million Ethereum MEV trial. The advocacy group argues that “honest validation” is merely a mathematical consensus check within the Ethereum protocol, not a legal standard. Prosecutors allege brothers Anton and James Peraire-Bueno misrepresented themselves as honest validators by using MEV bots to reorder transactions in April 2023. Coin Center counters that the exploit complied with all on-chain rules and warns that criminalizing such protocol-compliant actions could hamper blockchain innovation. The outcome may set key precedents for DeFi regulation, fraud interpretation and Ethereum validator incentives. Traders should watch the jury verdict for its potential impact on Ethereum MEV dynamics and wider market sentiment.

Strategy Inc’s Bitcoin accumulation continues with a 397 BTC purchase for $45.6 M at an average $114,711 per Bitcoin. This 13th consecutive Bitcoin accumulation move, and fourth straight week of buying, was funded from internal reserves and boosts total holdings to 641,205 BTC—valued at $69.17 B with a cost basis of $47.49 B and unrealized profit over $21 B. Year-to-date, these Bitcoin assets have delivered a 26.1% yield. Despite a 2.5% dip in Bitcoin to around $107,354 over the past 24 hours, Strategy’s aggressive corporate treasury model remains intact. Its lead has inspired peers like Aifinyo AG and DDC Enterprise to adopt similar approaches. Institutional investment, political-risk hedging amid a US government shutdown, and optimism over regulatory clarity point to sustained bullish momentum for Bitcoin.

IREN, a leading Bitcoin miner, has secured a five-year, $9.7B Microsoft AI deal giving the tech giant access to Nvidia GB300 GPUs across 200 MW of renewable energy data centers. Coupled with a $5.8B GPU purchase pact with Dell Technologies, the agreements mark IREN’s strategic pivot from Bitcoin mining to high-performance cloud computing. Analysts at Cantor Fitzgerald have raised their price targets, highlighting that this Microsoft AI deal helps Microsoft avoid hefty hardware capex while leveraging IREN’s sustainable infrastructure. Following the announcements, IREN’s shares jumped over 10% at market open, climbed 8.5% intraday and 21.2% pre-market, propelling its market cap to $16.5B and lifting its year-to-date gains to 518%. Full deployment of the GPUs could generate up to $1.94B in annual revenue, reflecting a broader industry shift as miners diversify amid tightening margins.

Donut Labs, fresh off $7M pre-seed and $15M seed rounds, has secured $22M in Series A funding to advance its AI crypto trading browser, Donut Browser. This autonomous on-chain trading agent integrates directly into web browsers to analyze market data, compute risk, and execute trades in real time—even offline. Boasting a waitlist of over 160,000 users, the AI crypto trading browser promises lower latency, reduced slippage, and personalized DeFi strategy automation. Leading investors including BITKRAFT, Makers Fund, Sky9 Capital, Altos Ventures, and Hack VC back the project. The new capital will drive browser monetization, enhance continuous learning algorithms, and scale product development to meet the burgeoning DeFi derivatives market, which exceeds $1 trillion in monthly volume.

On November 3, blockchain analytics firms flagged a major Balancer breach on the Ethereum DeFi protocol. The Balancer breach drained over $70.9M in WETH, osETH and wstETH via a suspected smart contract exploit or flash-loan attack. The Balancer team has not released an official statement, fueling uncertainty. Security firms Nansen, PerkShield and Lookonchain are tracing the stolen assets. The BAL token plunged over 11%, while PENGU fell by 12%. Traders should avoid new positions until Balancer confirms deposit safety. This incident highlights persistent DeFi vulnerabilities and underlines the need for rigorous code audits, transparent governance and stronger risk management.

Crypto contract liquidations spiked to $787 million in 24 hours, up from $555 million earlier, data from Coinglass shows. Shorts drove the surge, accounting for $718 million (91%) of total liquidations, while longs made up $69.1 million. Bitcoin led with $221 million in liquidations, followed by Ethereum with $184 million. This latest wave of crypto contract liquidations reflects a powerful short squeeze as rising prices triggered margin calls and forced liquidations. Traders should monitor open interest, funding rates and leverage ratios closely. Effective risk mitigation requires controlling position sizes and setting stop-losses amid continued market volatility.

Two MIT graduates, Antone and James Peraire-Bueno, are on trial in Manhattan federal court for allegedly orchestrating a $25 million Ethereum MEV exploit in April 2023. Prosecutors say they deployed bait transactions to outsmart MEV bots, exploited a vulnerability in Ethereum’s transaction relays, and used their validator status to capture front-running profits. After the heist, the brothers researched “crypto lawyers” and statutes of limitations and laundered the stolen ETH through stablecoins and DeFi lending protocols. They face wire fraud, conspiracy and money laundering charges. The U.S. Department of Justice describes it as the first-of-its-kind digital asset heist on Ethereum. The trial, set to conclude next week, underscores rising legal scrutiny over blockchain security and MEV strategies.

Cango Inc reported October Bitcoin mining output of 602.6 BTC, averaging 19.44 BTC per day as hashrate reached 46.09 EH/s across its global facilities. Total BTC holdings climbed to 6,412.6, reflecting the firm’s long-term hodl strategy with no plans to sell. The miner will terminate its ADR program on November 14 and begin direct Class A share trading on the NYSE from November 17 to reduce fees and boost institutional visibility. Since entering crypto in November 2024, Cango acquired a Georgia mining site for $19.5 million and plans a high-performance AI computing pilot in H1 2026. CEO Paul Yu says these milestones in Bitcoin mining and corporate structure position Cango to capture emerging energy and AI market opportunities.

Electric Coin Company (ECC) has published its Zcash Q4 roadmap, introducing four major upgrades to boost privacy and usability. The Zcash roadmap adds ephemeral transparent addresses for NEAR Intents swaps and rotates transparent addresses after fund receipt. It also enables Keystone hardware wallet resyncing and disconnection, and integrates Pay-to-Script-Hash (P2SH) multisignature support. ECC will deploy a multisig wallet to secure developer funds. These updates follow August’s off-ramp and October’s on-ramp releases. With ZEC rallying from $50 to $420 and Orchard’s shielded supply surpassing 4.1 million ZEC, the Zcash roadmap aims to sustain momentum. Enhanced privacy measures and hardware wallet integrations solidify Zcash’s position among privacy coins.

Ondo Finance has partnered with Chainlink to secure and scale real-world asset (RWA) tokenization on its Ondo Global Markets platform. As of October 30, Chainlink was appointed the official oracle provider, bringing institutional-grade price feeds to over 100 tokenized stocks and ETFs, with more than $300 million in total value locked across 10 blockchains. These feeds support corporate actions, dividends and financial events, ensuring on-chain data integrity and reliable valuations. The collaboration also adopts Chainlink’s Cross-Chain Interoperability Protocol (CCIP), enabling traditional institutions such as SWIFT, DTCC and Euroclear to transfer and manage tokenized assets seamlessly across chains. By integrating Chainlink’s oracles and CCIP, Ondo Finance aims to bridge DeFi and institutional finance, enhance composability and accelerate enterprise-level use cases in RWA tokenization. Traders should monitor Chainlink’s LINK token for potential bullish signals as institutional demand for secure oracles and cross-chain infrastructure grows.

European Central Bank (ECB) has confirmed its digital euro project will enter pilot phase in 2027, aiming for public issuance by 2029 pending EU legislative approval. ECB President Christine Lagarde stressed the digital euro will complement rather than replace cash, offering a secure, central bank–backed online payment system. The ECB has engaged seven tech firms to develop and test the necessary infrastructure. Despite this progress, the initiative faces mounting resistance. French MP Éric Ciotti has proposed a national ban on CBDCs, and EU public consultations revealed widespread opposition. Privacy advocates warn continuous transaction monitoring could undermine financial sovereignty. Critics also question the ECB’s democratic legitimacy in steering the project. Crypto traders should closely monitor regulatory developments and pilot test outcomes. The digital euro could reshape European payment rails, affect euro liquidity, and influence demand for privacy-focused cryptocurrencies as on-ramps evolve.

Ripio has launched wARS, a stablecoin pegged to the Argentine peso, on Ethereum, Base and World Chain. The wARS stablecoin supports instant QR payments, cross-border transfers, remittances, business transactions and DeFi yields without relying on banks or converting to US dollars. Released amid Argentina’s inflation falling from 292% to 31.8%, wARS offers a stable store of value in high-inflation environments. Ripio plans additional fiat-backed stablecoins for other Latin American currencies, further driving regional cross-border payments. This move follows Ripio’s earlier tokenization of sovereign bonds and reflects the growing fiat-on-chain trend, with stablecoin volumes reaching $27 trillion globally in 2024 and Latin America leading adoption.

Norwegian taxpayers filed a record 30% jump in crypto tax reporting for the 2024 returns, with 73,000 individuals declaring over $4 billion in digital asset holdings. Reported gains reached $550 million against $290 million in losses, highlighting improved crypto tax compliance. The Norwegian Tax Administration credits upgraded reporting tools, public education campaigns, and detailed online guides and seminars in Norwegian and English for simplifying digital asset tax reporting and boosting confidence in crypto tax reporting procedures. From 2026, exchanges and custodians must share transaction data with authorities, and taxpayers can amend returns up to three years to correct underreporting. Meanwhile, Norway’s sovereign wealth fund increased its indirect Bitcoin exposure by 192% to 7,161 BTC via investments in platforms like Metaplanet and Coinbase. This surge mirrors global trends such as the UK’s HMRC sending over 65,000 nudge letters in 2024–25. Traders should prepare for heightened regulatory scrutiny and transparency measures that may affect market liquidity and trading strategies.

Citi and Western Union are moving to expand stablecoin adoption following the 2025 GENIUS Act. Citi has teamed up with Coinbase to enable faster on-chain stablecoin payments for institutional clients, targeting programmable fiat-to-crypto transactions and a projected $4 trillion stablecoin market by 2030. Western Union, in partnership with Anchorage Digital Bank, is building USDPT, a Solana-based US Dollar Payment Token, set to launch in mid-2026 for low-cost cross-border remittances and exchange liquidity. Meanwhile, Bitcoin mining competition has ramped up since the 2024 halving. Mid-tier operators such as Cipher Mining, Bitdeer and HIVE Digital are significantly boosting hashrate, narrowing the gap with leaders like Marathon and CleanSpark, and exploring AI workloads to offset lower block rewards. In crypto lending, Ledn has issued over $1 billion in BTC-backed loans this year, offering holders liquidity without selling assets. Traders should watch stablecoin infrastructure developments, hashrate trends and BTC-backed loan rates as key market indicators.

ZKsync’s native token ZK surged over 140% within two days, jumping from $0.03 to $0.073 after Ethereum co-founder Vitalik Buterin praised its “underrated work,” triggering a 1,500% weekend volume spike. The rally followed the Atlas upgrade, which adds a high-performance sequencer, cross-chain interoperability, support for over 15,000 TPS, and near-zero fees to ZKsync’s Layer 2 scaling solution. Major banks including Deutsche Bank and UBS are reportedly building on ZKsync’s Elastic Chain, and last month’s Prividium private Layer 2 release onboarded 30+ institutions such as Citi and Mastercard. With ZK’s market cap reaching $600M — a six-month high — traders should watch upcoming token unlocks for potential selling pressure and monitor adoption metrics and the network’s technical roadmap for sustained gains.

The Bitcoin October decline broke the traditional “Uptober” rally, posting a 3.7% drop to close near $110,000—the first red October since 2018. The pullback followed a record $XX billion liquidation event on October 10–11 as traders de-risked amid heightened volatility. Geopolitical tensions, including proposed 100% US tariffs on Chinese imports, and the Federal Reserve’s hesitation to cut interest rates weighed on sentiment. Technical indicators reveal a triple-top pattern, with each rally peak met by sharp pullbacks. Despite the dip, Bitcoin remains up over 16% year-to-date, supported by ongoing policy backing. However, thinning liquidity and balanced high-leverage positions heighten risk. Traders should monitor key levels: reclaiming $114,000 to confirm a renewed uptrend and defending $110,000 support amid low weekend liquidity. The protracted US government shutdown that delays economic data releases adds further uncertainty. Prepare for continued liquidation events, potential price wicks, and increased market volatility.