Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

On October 10–11, crypto markets experienced a $19.3B liquidation cascade. A $60 M USDe sell-off triggered a 322× amplification loop through flawed margin pricing. Under-collateralized positions and CEX API rate limits worsened forced liquidations. Slow auto-scaling delayed margin calls and intensified the liquidation surge. On October 20, an AWS outage in the US-EAST-1 region knocked major crypto platforms offline. AWS outage risks highlighted the systemic vulnerabilities of centralized cloud services. Oracle designs also proved fragile as internal spot feeds diverged from multi-source oracles. On-chain networks faltered: Solana consensus bottlenecks, Ethereum gas fees spiked, Layer 2 sequencer overloads. Traders should reassess reliance on centralized infrastructure and explore decentralized nodes, scalable auto-scaling, multi-source oracle aggregation, and cross-exchange TWAP to mitigate future risks.

On October 18, Astra Nova launched its RVV token on Binance Alpha after a 520× oversubscribed presale that raised 90,612 BNB. Within hours, the RVV token plunged 75%, crashing from $0.03 to $0.007 on heavy chain-linked sell-offs. Binance delisted RVV token, citing technical incompatibility and security risks. Astra Nova blamed an alleged hack of a third-party market maker that liquidated 8.6 billion RVV. The team offered an 89 million RVV buyback and a 10% bounty for forensic assistance. Investor trust fell after Astra Nova slashed its airdrop to 15,000 addresses and changed vesting to a 7-month cliff plus 12-month linear unlock. Analysts question why hackers would convert tokens to traceable USDT. Traders should monitor RVV token volatility, on-chain flows and vesting schedules. The event underscores the need for transparent tokenomics and secure custody in new token launches.

Coinbase acquired the ultra-rare UpOnlyTV NFT for $25 million USDC on October 10, 2025. The smart contract mandates eight new podcast episodes within three months. Hosts Cobie and Ledgerstatus retain full editorial control, while Coinbase holds no sponsorship rights. This UpOnlyTV NFT purchase highlights Coinbase’s commitment to crypto community engagement and content innovation. CEO Brian Armstrong forecasts Bitcoin reaching $1 million and predicts widespread crypto adoption over the next decade. These predictions may support Bitcoin momentum. Meanwhile, Coinbase processes over $1.5 trillion in annual trading volume and plans to list BNB. Traders should monitor how this high-profile NFT move can boost NFT market sentiment and Bitcoin trading outlook.

President-elect Rodrigo Paz in Bolivia plans to deploy blockchain technology in public procurement to curb corruption. His administration will use smart contracts and distributed ledgers for transparent fund tracking. Citizens must declare cryptocurrency assets for a new foreign-exchange stabilization fund targeting dollar shortages. The fund will accept cryptocurrencies like USDT for rapid conversion or taxation without holding volatile tokens. Since June 2024, the Central Bank lifted its crypto ban, doubling digital asset volume and launching USDT custody services. Institutions including Banco Bisa and YPFB are exploring cryptocurrency payments. A recent MoU with El Salvador underscores Bolivia’s move to modernize payments and embrace blockchain and cryptocurrency pilots. Traders should watch for pilot rollouts and regulatory guidelines, which could drive local cryptocurrency demand.

Blazpay’s AI-powered DeFi presale reached $735.2K at $0.0075 per token. It targets a $0.16 end-phase price and an eventual listing between $0.40 and $0.50. Investors can participate via ETH, BNB, SOL, MATIC or USDT on Blazpay.com. Key crypto presales in 2025 include: Avalanche (AVAX), leveraging Subnet for scalability; TRON (TRX), optimizing global payments; Cardano (ADA), offering peer-reviewed upgrades; Polkadot (DOT), enhancing cross-chain interoperability; and Bitcoin (BTC) as a secure benchmark. Other notable projects are Solana (SOL), pushing transaction speeds; XRP, bridging fiat and crypto via RippleNet; Ethereum (ETH), focusing on Layer-2 improvements; and Hedera Hashgraph (HBAR), targeting enterprise adoption. Traders should monitor presale metrics, token unlock schedules and partnership announcements to gauge early demand and market momentum. These crypto presales showcase next-generation solutions in AI DeFi, scalability and interoperability. Early adopters may see bullish momentum as markets evolve.

Ryder, a crypto wallet startup co-founded by Louise Ivan Valencia Payawal, raised $3.2 million in a seed round led by Tim Draper, with backing from Anatoly Yakovenko, Joe McCann and VCs including Borderless, Semantic, Smape and VeryEarly. The funds will scale production, expand engineering and marketing teams, and support a global launch of its flagship hardware wallet, Ryder One. Ryder One integrates an EAL6+ secure element and TapSafe NFC backup system, replacing fragile seed phrases with encrypted backups across mobile devices and recovery tags. This hardware wallet offers bank-grade, offline self-custody in under 60 seconds and supports BTC, ETH and SOL. A companion app adds tap-to-pay and real-world crypto transactions, aiming to simplify self-custody and broaden daily use. The funding underscores confidence in user-friendly crypto wallet solutions.

UK retail crypto ETPs can now be traded on the London Stock Exchange under the FCA’s updated digital assets framework. Asset managers BlackRock, 21Shares, WisdomTree and Bitwise have launched physically backed Bitcoin ETPs and Ethereum ETPs with fees from 0.05% to 0.35%. These retail crypto ETPs are available through regulated brokers and tax wrappers like ISAs and SIPPs. Executives at 21Shares and WisdomTree praised regulatory support, while BlackRock expects UK crypto investors to reach four million by next year. The FCA plans further regulations on stablecoins, lending and market infrastructure by 2026. Market observers anticipate fresh inflows to boost liquidity, align the UK with US and EU markets, and drive broader adoption.

Limitless Exchange, a prediction market platform on Base, has raised $10 million in a seed round led by 1confirmation, with Collider, F-Prime, DCG, Coinbase Ventures, Node Capital and Arrington Capital participating. The platform recorded over $500 million in trading volume, achieving 25× growth between August and September and processing more than $100 million of notional volume by mid-October. Demand for its Kaito Launchpad was strong, with $200 million in bids for a $1 million token sale. The new funds will accelerate product development—introducing 1-, 10- and 15-minute markets—support the upcoming LMTS token launch, expand user acquisition and secure licenses for global expansion.

BitMine has added $250 million of Ethereum (ETH) to its holdings, acquiring ETH on Bitgo and Kraken. The purchase increases BitMine’s treasury to 3.3 million ETH, or 2.74% of Ethereum’s circulating supply. Chairman Tom Lee notes that ETH open interest now matches levels seen in late June 2025, when ETH traded near $2,500, suggesting an attractive entry around $3,986. Lee maintains his target of $10,000 for ETH by end-2025, implying a 150% rally. BitMine is now over halfway to its goal of holding 5% of total ETH supply. Following the acquisition, BitMine stock (BMNR) climbed 7.9% to $53.80. Institutional Ethereum treasuries now hold 4.75% of supply, with BitMine as the largest publicly listed ETH holder. The firm’s aggressive ETH buying underscores growing institutional demand and may catalyze a prolonged Ethereum supercycle, potentially driving further price gains and network adoption.

X has launched the X Handle Marketplace for Premium Plus and Premium Business subscribers to claim inactive usernames via a two-tier system. Priority handles—full names or alphanumeric combinations—are free to request with an active subscription, but will be revoked after a 30-day grace period following cancellation. Rare handles, such as one-word or highly sought-after names like @Pizza or @Tom, carry prices ranging from $2,500 to over $1 million. All acquisitions are non-transferable to prevent flipping, and followers migrate seamlessly when users switch handles. Upon subscription downgrade, original usernames are automatically reserved. X plans to introduce a paid redirection service to maintain link continuity. By monetizing digital identity assets, the X Handle Marketplace addresses long-standing user frustrations and offers crypto influencers an edge in securing branded usernames.

Ethereum price briefly fell below $4,000 on October 16, trading at $3,993.75 on OKX, and dipped again to $3,991.62 by October 21. After a modest 0.31% gain on October 16, ETH posted a 0.31% intraday loss, reflecting slight selling pressure. Traders may watch psychological levels—$3,900 for support and $4,100 for resistance—as Ethereum price remains volatile.

On October 20, a widespread AWS outage disrupted Coinbase’s trading services and other crypto platforms. Coinbase confirmed the AWS outage on Twitter, assured users that all funds remained secure, and said its engineering team was prioritizing the issue. Initial updates reported limited functionality and offline services. Three hours later, Coinbase saw early signs of service recovery, with most platforms operational, though some asset transfers were still pending. Amazon has since reported significant network recovery. The outage affected multiple financial platforms dependent on AWS. Coinbase continues to monitor performance and will issue updates until full restoration. Separately, Coinbase also invested in India’s CoinDCX and launched ETH and SOL staking rewards in New York. Traders should watch cloud infrastructure stability, as such outages can briefly pause trading, but swift recovery and intact assets point to a neutral long-term market impact.

Binance has suspended over 600 user accounts for using unauthorized trading tools, including bots and scripts, to exploit its main exchange, Wallet and Alpha services. The exchange found these automated tools manipulated token distribution and reward mechanisms. Affected users face permanent disqualification and potential profit seizure from Alpha activities. To strengthen enforcement, Binance now offers verified informants up to 50% of reclaimed profits for reporting Alpha-related violations. The exchange also flagged a minor depeg event for the USDe algorithmic stablecoin, highlighting ongoing risks in algorithmic asset pegs. Binance says these measures will reinforce market integrity, deter unfair trading practices and enhance platform security. This crackdown underscores Binance’s commitment to a fair trading environment. By tackling platform abuse and setting strict compliance standards, Binance aims to boost user confidence and set a precedent that could influence future cryptocurrency regulations.

Jupiter Ultra V3, Solana’s leading liquidity aggregator, has rolled out a next-generation trading engine. The Jupiter Ultra V3 engine integrates three proprietary modules: the Iris router for 100× faster meta-routing, ShadowLane for sub-second transaction finality, and Predictive Execution for real-time slippage estimation. It delivers 34× stronger MEV protection, an average positive slippage of 0.6 bps, and execution fees 8–10× lower than competitors. Ultra V3 also enables gasless trades for SOL and SPL tokens, revives low-liquidity markets, and eliminates third-party order flow to minimize sandwich attacks. Accessible via Web, mobile, desktop, and an Ultra API, it offers traders optimized routing, reduced latency, and improved cost efficiency on Solana.

Tether valuation took center stage as the issuer seeks a $500B valuation for USDT, driven by a $13.4B profit on U.S. Treasury holdings in 2024. USDT reserves stand at $172B—90% in cash equivalents plus 82,000 BTC and gold—backing a 59% stablecoin market share. This Tether valuation implies a roughly 37× price-to-earnings multiple and hinges on sustained high interest rates and stablecoin demand. Meanwhile, US and EU regulatory reforms, audit transparency gaps and rising compliance costs, along with growing competition from USDC, USDe and FDUSD, challenge USDT dominance. Crypto traders should weigh these regulatory, policy and interest-rate risks against Tether’s earnings strength and liquidity when planning USDT trading strategies.

Bitcoin ETF outflows surged to $1.22 billion last week, led by BlackRock’s IBIT ($268.6 million), Fidelity’s FBTC ($67.2 million) and Grayscale’s GBTC ($25 million). The heavy withdrawals coincided with Bitcoin’s slide of over $10,000 to a four-month low near $104,000, underscoring growing market volatility and institutional sentiment shifts. Despite this, Charles Schwab reports clients now hold 20% of all US crypto ETP assets and sees a 90% year-on-year surge in platform traffic. Schwab currently offers Bitcoin ETFs and futures and plans to launch spot crypto trading by 2026. Analysts point to historical October rebounds and potential Fed rate cuts later this year as catalysts that could rekindle demand for Bitcoin and other risk assets.

On October 10, six hacker-linked wallets executed a panic selling ETH of 7,816 ETH at an average price of $3,728 amid a sharp market dip. On-chain tracker Lookonchain reports they later rebought the same amount at $4,159, crystallizing a combined loss of $13.4 million. The rapid sell-off and high-priced buyback highlight how even skilled hackers can fall victim to market volatility. Some analysts suggest these large-volume moves may serve as a laundering tactic, swapping tainted funds for clean assets despite the apparent loss. Traders should note that panic selling ETH can exacerbate price pressure and distort trading volumes. Monitoring on-chain signals and maintaining disciplined exit strategies is crucial during extreme market swings.

The Base hackathon, part of the Onchain Summer Awards, attracted over 500 teams competing for $200,000. Community analysts led by Alanas from Ogvio uncovered that two of the top prizes were awarded to AI-generated shell apps with no real functionality, and some entries were linked to Coinbase employees. These conflict-of-interest allegations have sparked demands for greater transparency and stricter judging criteria on Base hackathon events. Organizers have yet to respond publicly, intensifying concerns about fairness and governance in on-chain hackathons. Traders should monitor community backlash on the Base network, though immediate price impact is expected to be neutral.

Sentinel Global founder Jeremy Kranz warns that privately issued stablecoins mirror central bank digital currencies (CBDCs) in surveillance, control and programmable features. He labels them “central commercial digital currencies” due to backdoors that allow fund freezes under laws like the US Patriot Act. Even over-collateralized stablecoins risk “bank runs” if large-scale redemptions occur. Algorithmic and synthetic stablecoins also face depegging threats during market volatility or crypto derivative downturns. The total stablecoin market cap has topped $307 billion. The US Senate recently approved the GENIUS Stablecoin Act, dubbed a “CBDC Trojan Horse” by Rep. Marjorie Taylor Greene. Kranz urges traders to read white papers carefully, assess collateral models and weigh technical neutrality against potential misuse. The evolving regulation and growing market underscore the need for due diligence when trading stablecoins.

Venture capitalist Kevin O’Leary predicts AI Automation will revolutionize retail payments. Voice-activated agents will place orders and trigger blockchain-based, low-cost micropayments. Current blockchains like Ethereum and Solana struggle with linear transaction processing and high gas fees that can exceed $50 during peak demand. Directed Acyclic Graph (DAG) networks such as Hedera (HBAR) and Nano (NANO) offer parallel processing, thousands of transactions per second at near-zero cost. Deloitte forecasts DAG platforms could capture 20% of crypto-based retail payments by 2027 if scalability improves. Traders should monitor AI-driven retail solutions and tokens like HBAR and NANO as demand for seamless on-chain micropayments grows.

BitMine Immersion Technologies has bought a total of 379,271 ETH, worth $1.5 billion, in three tranches following last weekend’s Ethereum market sell-off. This took BitMine’s holdings above 3 million ETH, equal to 2.5% of total supply and halfway to its 5% accumulation target set in July when Ethereum traded near $2,500. Fundstrat’s Tom Lee has also added $1.5 billion in ETH since the crash but cautioned that many digital asset treasuries (DATs) now trade at or below net asset value. Meanwhile, Huobi founder Li Lin is raising around $1 billion for an Ether treasury. Despite network strain and spiking gas fees during congestion, these large-scale purchases underscore institutional confidence in a rebound for Ethereum. BitMine’s aggressive accumulation amid DAT warnings could support a price recovery and influence market stability.

On October 19, an on-chain crypto whale boosted its leveraged long positions in Bitcoin and Ethereum from $220M to $250M, raising its 15× BTC long to 1,610.93 BTC (≈$173M) at an average entry price of $108,043 and keeping its 3× ETH long steady at 19,894.21 ETH (≈$77.4M) at $4,037. This accumulation narrowed its unrealized loss from $4.42M to $3.12M. The crypto whale’s renewed BTC accumulation signals bullish sentiment, potentially offering short-term price support and reinforcing longer-term upside momentum.

Hyperliquid has launched its HIP-3 upgrade, evolving from a perpetual DEX into a permissionless, composable DeFi hub. The HIP-3 framework supports over 20 projects across trading frontends, liquidity staking, lending and tokenized spot and perpetual contracts markets. Perpetual contracts frontends include Based (≈$35M daily volume) and Liquid (mobile-first, 100× leverage). Leading protocols by TVL are Kinetiq ($1.9B, kHYPE staking), Unit ($831M, BTC, ETH, SOL and US equity perpetuals) and Felix ($300M, feUSD lending). Additional innovations span Ventuals pre-IPO perpetuals, Volmex volatility indices, Hyperbolic commodity perpetuals and Global Compute Index on-chain compute contracts. With TVL exceeding $3B, HIP-3 cements Hyperliquid’s position as a Solana-based composable DeFi hub and unlocks new perpetual contract use cases.

Asia’s top crypto investors, led by Huobi founder Li Lin via Avenir Capital, have formed a $1 billion Ethereum treasury trust to institutionalize ETH accumulation. The consortium, including Fenbushi Capital, HashKey Group and Meitu, has raised roughly $1 billion—$200 million from Avenir and $500 million from Asian institutions—and plans to acquire a Nasdaq-listed shell company to fast-track a regulated digital asset trust offering. The trust aims to stabilize markets through organized ETH accumulation, staking rewards and liquidity reserves, positioning Ethereum as a yield-bearing reserve asset for institutional investors. An official launch announcement is expected in the next two to three weeks, marking a significant step in boosting institutional adoption and reinforcing Ethereum’s long-term value.

Ripple has completed a $1 billion GTreasury acquisition, embedding its XRP Ledger and stablecoin RLUSD into GTreasury’s treasury management system. This GTreasury acquisition grants Ripple access to workflows across 1,000+ global firms and 800+ banks, enabling real-time liquidity management and instant cross-border payments without altering existing ERP platforms or banking partners. GTreasury’s platform processes billions in daily cash flows across more than 160 countries, promising faster, transparent transactions and enhanced risk controls. Analysts forecast that integrating XRP in Fortune 500 treasuries will boost transaction volumes, drive token burns, and reduce supply—potentially supporting higher XRP prices in both the short and long term. Furthermore, Ripple’s SEC lawsuit settlement removes regulatory barriers, accelerating corporate adoption. Positioned alongside JPMorgan Onyx and PayPal’s PYUSD, Ripple’s GTreasury acquisition signals bullish prospects for XRP in corporate finance.

Tether’s $250,000 donation to OpenSats aimed at funding Bitcoin development drew public criticism from Jack Dorsey, who questioned the donation size relative to Tether’s $13 billion profit last year and its $20 billion fundraising plans. Tether CEO Paolo Ardoino defended the contribution, stating that the Tether donation underlines the company’s commitment to open-source Bitcoin software and decentralization. Dorsey contrasted this with his Start Small Initiative’s $21 million pledge and faced counterquestions over his Ocean mining pool policy. Meanwhile, Tether has been building its Bitcoin reserves, adding 8,888 BTC to become the sixth-largest holder. The debate highlights tensions in crypto philanthropy, funding models and corporate responsibility, with potential implications for market sentiment on BTC.

Tether has released the open-source Wallet Development Kit (WDK), empowering developers to build self-custodial wallets for humans and AI agents. This versatile WDK supports Bitcoin, Ethereum, Polygon (MATIC), Solana (SOL), Lightning Network, TON, and multiple stablecoins, including USDT and XAUT. It provides prebuilt modules and customizable templates for wallet setup, transaction signing, asset management, DeFi integrations, payments, cross-chain transfers, swaps, and lending across mobile, desktop and embedded devices. CEO Paolo Ardoino notes that self-custodial wallets are the backbone of resilient monetary infrastructure. The WDK also features a dedicated AI runtime, enabling Tether’s AI agents to autonomously execute BTC and USDT transactions. Ardoino predicts that within 15 years, every AI agent will hold its own wallet, catalyzing machine-to-machine commerce. This initiative underscores Tether’s commitment to transparent, interoperable infrastructure and its strategic role at the convergence of cryptocurrency and AI.

Bhutan has integrated its National Digital Identity (NDI) platform with Ethereum, announcing the migration from Polygon to Ethereum set for completion in Q1 2026. This Ethereum migration positions Bhutan as the first nation anchoring a national ID on a public chain, leveraging Ethereum’s security and scalability. Launched in October 2023, the NDI uses a Self-Sovereign Identity (SSI) model, allowing citizens to store credentials in digital wallets and share proofs selectively without exposing full personal data. The new migration underscores growing institutional adoption of public chains and highlights Ethereum migration’s impact on digital identity. In addition to identity innovation, Bhutan exploits hydropower for crypto mining, holding over 11,286 BTC and 495.44 ETH in reserves. The country also partners with iDen2 and Binance Pay–DK Bank to enhance wallet features, including biometric liveness verification, to curb fraud in high-value services. For crypto traders, Bhutan’s strategic shift from Polygon to Ethereum signals institutional confidence in Ethereum’s decentralized network. The Ethereum migration could reinforce long-term ETH demand and bolster its market value, while SSI frameworks may drive demand for digital identity solutions.

Florida Bitcoin investment bill HB 183 would let the state allocate up to 10% of select public reserves and pension assets to Bitcoin and crypto ETFs. Under the proposal, the Chief Financial Officer and State Board of Administration could invest funds from the General Revenue Fund, Budget Stabilization Fund and Florida Retirement System Trust Fund in digital assets. Digital assets are defined broadly—covering Bitcoin, tokenized securities and NFTs—and must be held by qualified custodians or SEC-registered ETFs. The bill also allows residents to pay certain taxes and fees in crypto, which the state would convert to dollars for its general fund. Scheduled to take effect on July 1, 2026, pending legislative approval and the governor’s signature, HB 183 follows a March 2025 White House executive order on a Strategic Bitcoin Reserve. If enacted, Florida Bitcoin investment under HB 183 could boost institutional demand and set a model for other states.