Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

On October 29, ASIC updated guidance to classify stablecoins, wrapped tokens, tokenized securities and digital wallets as financial products under existing laws. From June 30, 2026, issuers of these crypto assets must secure a stablecoin license by obtaining an Australian Financial Services Licence (AFSL). ASIC has granted sector-wide no-action relief and in-principle exemptions for stablecoin and wrapped-token distributors and custodians until the deadline. This follows a year-long consultation revising the 2017 INFO 225 sheet and aligns with the government’s draft digital asset platform legislation, which would require AFSL registration for exchanges and custodians, exempt small operators and impose fines for non-compliance. Exemptions cover Bitcoin-only exchanges, gaming NFTs and tokenized tickets. Industry leaders warn that ASIC’s limited application capacity, expertise, banking access and insurance could complicate the stablecoin license requirement. Traders should prepare for higher compliance costs, shifts in issuance strategies and stronger consumer protection measures designed to boost confidence in Australia’s digital asset market.

SpaceX completed five major Bitcoin transfers in October, including 2,395 BTC on Oct 19, 1,215 BTC on Oct 24 and repeated 281 BTC moves at month-end, routing all 4,337 BTC (≈$472 million) through Coinbase Prime. Blockchain analysts say these shifts are consolidation from legacy P2PKH to SegWit (P2WPKH) and Taproot (P2TR), cutting fees, boosting security and privacy for large holders. Arkham Intelligence data shows SpaceX still holds 7,258 BTC (≈$799 million), with 1,027 BTC pending relabeling. Since Elon Musk confirmed the initial purchase in July 2021 and partial sales in 2022, the firm’s October transfers reflect a strategic custody overhaul rather than liquidation.

Bitcoin ETFs saw a net outflow of $470 million on October 30, 2025, after the Federal Reserve cut interest rates by 25 basis points. Withdrawals were led by Fidelity’s FBTC ($164 M), ARK Invest’s ARKB ($143 M), BlackRock’s IBIT ($88 M), Grayscale’s GBTC ($65 M) and Bitwise’s BITB ($6 M), offsetting $351 million in inflows earlier that week. Assets under management fell to $149 billion, or 6.75% of Bitcoin’s market cap, although ETFs still hold over 1.5 million BTC and year-to-date inflows total $30.2 billion. Bitcoin traded between $108,201 and $113,567 in the 24 hours surrounding the Fed move, dipping briefly to $108,000 as traders priced in the rate cut and eyed Chair Powell’s cautious outlook. Traders should monitor ETF liquidity shifts and future Fed signals for short-term volatility and potential support levels.

Consensys, the leading Ethereum infrastructure firm behind MetaMask and Infura, is preparing for a 2026 IPO. The company has engaged JPMorgan and Goldman Sachs as advisors, signaling that the Consensys IPO is officially under way. Valued at about $7 billion after a $450 million Series D round in 2022, Consensys is exploring capital market options but has not yet filed an S-1. MetaMask serves tens of millions of active users, while Infura processes billions of blockchain requests daily. Revenue stems from infrastructure services rather than token speculation. Regulatory clarity has improved after the SEC dropped charges over MetaMask staking, removing a major legal overhang. The broader crypto IPO market is also reawakening, with stablecoin issuer Circle and exchange Bullish going public recently. Traders should watch the Consensys IPO filing closely, as a successful listing could drive fresh capital inflows into ETH and related infrastructure tokens, reinforcing the firm’s role in the Ethereum ecosystem.

Madras High Court has ordered WazirX to secure a bank guarantee of 956,000 rupees (around $11,800) in an XRP dispute stemming from a $235 million July 2024 hack. Justice N. Anand Venkatesh granted interim relief under the Arbitration and Conciliation Act, ruling that 3,532 XRP tokens remain the property of the user and cannot be used to offset platform losses. The court also recognised cryptocurrency as protected property, limiting WazirX’s proposed socialisation of hack losses model. WazirX, owned by Singapore-based Zettai, must either deposit the funds in escrow or obtain a bank guarantee while arbitration continues. Under a Singapore court–approved restructuring plan supported by over 95% of creditors, WazirX is set to resume services from October 24. This ruling sets a legal precedent for asset recovery and may influence how exchanges handle customer claims post-hack.

Crypto asset manager ETHZilla sold $40 million of Ethereum (ETH) on October 24 to fund a board-approved stock buyback of about 600,000 shares. The move aims to narrow the steep NAV discount after ETHZilla’s share price fell from over $100 in August to under $25. Following the sale, ETHZilla shares jumped 14.5% on the day and gained another 12% in after-hours trading. ETHZilla framed this as a disciplined capital-allocation strategy, highlighting its flexibility to convert crypto assets into cash amid volatile markets. Traders are now watching the pace of ETHZilla’s ETH sales and any changes in the NAV discount. Global rival SharpLink Gaming (SBET) has a $1.5 billion buyback plan ready if its NAV gap widens, while BitMine bought 77,000 ETH in the same period, signaling bullish sentiment. Key indicators for crypto traders include on-chain liquidity, ETF inflows, 3–5% staking yields, and macro factors such as Fed rate decisions and trade negotiations. The interplay between treasury sales and share repurchases could influence ETH supply and price dynamics in both the short and long term.

Ferrari is set to issue the Token Ferrari 499P in 2027, granting its Hyperclub members exclusive bidding rights on the Le Mans–winning 499P race car. Developed in partnership with fintech firm Conio, this Ferrari crypto token will trade within a private pool and open member-only auctions. Conio is applying for an EU MiCA license to ensure regulatory compliance in luxury tokenization. Since 2023, Ferrari also accepts Bitcoin (BTC), Ethereum (ETH) and USDC payments at dealerships, converting crypto to fiat at point of sale. The Ferrari crypto token initiative marks a key milestone in blockchain adoption within the luxury automotive sector and signals growing real-world use cases for digital assets.

Hong Kong’s Securities and Futures Commission (SFC) has greenlit the city’s first retail Solana ETF, set to begin trading on the Hong Kong Stock Exchange on October 27. The Solana ETF, launched by ChinaAMC alongside issuers Man AHL, Valour and Tracker Capital, will trade in HKD, RMB and USD lots, each representing 100 SOL tokens. This product joins existing Bitcoin and Ethereum spot ETFs in Hong Kong’s regulated market. The new Solana spot ETF offers traders regulated exposure to SOL without direct token custody. It underscores Hong Kong’s strategy to broaden altcoin ETF access and bolster its global crypto hub status. Regulators will oversee fund flows under established ETF rules to balance innovation with investor protection. Historical spot ETF approvals for major cryptocurrencies have driven significant institutional inflows. Traders should monitor initial fund flows, liquidity metrics and investor sentiment for early demand signals. The Solana ETF may attract renewed interest as Solana’s DeFi, NFT and Web3 ecosystem continues to expand.

On October 22, Bitcoin fell sharply on OKX, plunging over 5.7% to below $107,000 amid renewed market volatility and cautious trader sentiment. The sudden sell-off, driven by profit-taking and macroeconomic uncertainties, pushed Bitcoin through key support levels at $108,000 and toward $105,000. Major altcoins felt pressure, with Ethereum dipping under $3,800 as other tokens retraced recent gains. Traders should monitor volume spikes, on-chain indicators and the $105,000 support zone for signs of a potential rebound or further decline.

Andrew Cuomo has launched a crypto-focused tech agenda in his bid for New York City mayor. His plan features a chief innovation officer and an Innovation Council with dedicated crypto, AI and biotech advisory committees. Central to the proposal is a BitLicense overhaul that could lift regulatory hurdles for emerging firms. The plan aims to update New York’s outdated BitLicense framework while balancing consumer protection and regulatory clarity. Cuomo hopes to recast NYC as a leading crypto hub to drive job growth and tax revenue. Previous initiatives by outgoing Mayor Eric Adams, including paying his salary in BTC and launching an Office of Digital Assets and Blockchain, boosted local startups but yielded limited regulatory influence. Despite record donations from crypto lobby groups, including the Winklevoss twins and Bill Ackman, Cuomo trails Democratic frontrunner Zohran Mamdani 28.9% to 43.2%. Voters rank cost of living, public safety and housing affordability above crypto policy. Traders view the development as neutral. They see long-term potential for a crypto hub but little immediate market impact.

House of Doge, the corporate arm of the Dogecoin Foundation, has acquired a majority stake in US Triestina Calcio 1918 in a joint deal with Brag House Holdings. The historic Italian Serie C football club will receive fresh capital to strengthen its squad, modernise back-office systems and expand community programmes. Advisers with top-tier governance experience have been appointed to optimise commercial operations. Fans at Stadio Nereo Rocco will soon be able to purchase tickets, concessions and merchandise using Dogecoin. This pilot of Dogecoin payments aims to enhance fan experience and diversify revenue streams. The move follows partnerships such as IndyCar driver Devlin DeFrancesco’s race earnings and donations in Dogecoin. As House of Doge pursues a public listing via reverse takeover, this football acquisition serves as a real-world use case for cryptocurrency payments in European sports. Technical analysts note support for DOGE at $0.16–$0.19 with resistance near $0.205–$0.227 and bullish targets up to $0.45 and $0.86.

Gemini launched its Solana credit card on October 20, offering cardholders up to 4% SOL back on everyday purchases. The card runs on the Mastercard network and features no annual fee, no foreign transaction fees and no crypto reward redemption charges. Unique to this Solana credit card is an auto-staking option that delivers up to 6.77% annual yield on SOL rewards, enabling passive income. Gemini has expanded its Solana institutional staking services earlier this year, partnering with DeFi Dev Corp and Purpose Investments to manage over 2 million SOL. Cardholder growth has surged from 8,000 in early 2024 to nearly 31,000 by August 2025, underscoring strong demand for crypto rewards cards. Solana remains one of the fastest-growing blockchain ecosystems, with SOL trading at around $186.13 despite a 36.3% decline from its January peak. To celebrate the new card, Gemini and Solana will host a 48-hour livestream from their New York headquarters starting October 21. The launch follows Gemini’s Nasdaq IPO earlier this year, which raised $425 million.

Australia’s Home Affairs Minister Tony Burke announced new legislation granting AUSTRAC expanded powers for crypto ATM regulation, classifying machines as high-risk products linked to money laundering, scams and child exploitation. Installations have jumped from 23 in 2019 to over 2,000 today, handling 150,000 transactions worth A$275 million annually. The draft law empowers AUSTRAC to swiftly restrict or ban non-compliant crypto ATMs and enforce stricter Know Your Customer (KYC) checks, transaction monitoring and enhanced anti-money laundering (AML) and counter-terrorist financing (CFT) measures. The new crypto ATM regulation requires operators to report cash transfers above A$10,000 and adhere to a A$5,000 deposit and withdrawal cap, alongside enhanced due diligence and scam warnings. AUSTRAC data shows around 85% of users are victims of fraud or coercion, with 72% aged 50–70. Expected to pass in the coming months, the bill underscores Australia’s commitment to tightening AML safeguards and curbing financial crime through robust crypto ATM rules.

JPMorgan crypto trading services for institutional clients will launch in the coming months. The bank will initially focus on trading digital currencies, excluding direct custody. Scott Lucas, head of Markets and Digital Assets, said JPMorgan is assessing regulatory and operational risks before offering custody, which may later be outsourced to external custodians. JPMorgan plans to leverage stablecoins and its JPMD token to streamline cross-border payments and attract institutional investors. Partnerships—including direct bank-to-wallet transfers with Coinbase and integration with Chase rewards—will support blockchain-based solutions. This JPMorgan crypto trading initiative underscores rising institutional risk appetite and signals broader adoption of digital assets within traditional finance.

Ripple is raising $1 billion via a special-purpose acquisition company (SPAC) to establish a regulated digital asset treasury dedicated to buying XRP on the open market. The move will deploy part of Ripple’s token holdings and public funds to introduce fresh demand, tighten supply, and enhance transparency through dynamic liquidity pools on the XRP Ledger—all without altering existing escrow release schedules. This structure also preserves Ripple’s private status while creating a compliant, public liquidity pool that signals confidence to institutional investors. For traders, the initiative could provide short-term price support and deeper market liquidity, while laying foundations for long-term market stability and broader corporate treasury adoption of XRP.

Stripe-backed Tempo blockchain secured $500 million in a Series A funding round led by Greenoaks and Thrive Capital at a $5 billion valuation. Tempo blockchain, an Ethereum-compatible layer 1 blockchain optimized for high-throughput payments and settlement, integrates with traditional fintech rails rather than focusing on DeFi protocols. Since its September 2025 launch, Tempo blockchain has formed enterprise partnerships with OpenAI, Shopify, Visa, Anthropic and Deutsche Bank. The project’s roadmap accelerated this year with the hiring of Ethereum Foundation researcher Dankrad Feist as senior engineer and Stripe’s acquisitions of stablecoin provider Bridge and wallet startup Privy. The new capital will drive Tempo blockchain’s development of compliant, scalable digital money infrastructure for businesses and financial institutions.

Bank of England Deputy Governor Sarah Breeden has introduced temporary stablecoin caps on sterling-based tokens—£10,000–£20,000 for individuals and up to £10 million for businesses—to curb deposit outflows that could undermine lending and destabilise the UK financial system. These stablecoin caps will remain until regulators assess digital currency adoption and its impact on credit supply. A public consultation, planned by end-2025, will gather industry and public feedback on practical implementation, larger-firm exemptions and regulatory parameters. Crypto traders should watch consultation proposals and timelines closely, as outcomes may influence stablecoin liquidity, payment rails and short-term market dynamics.

Erebor Bank has received conditional approval from the US Office of the Comptroller of the Currency (OCC) for a national bank charter. The digital-only crypto bank will target innovation economy sectors including cryptocurrencies, AI, defense and advanced manufacturing. Headquartered in Columbus, Ohio, with an office in New York, it plans to offer services via a mobile app and website. Erebor Bank will hold and issue stablecoins under strict federal oversight. The bank has secured $275 million in initial capital commitments from strategic backers including Peter Thiel’s Founders Fund, Palmer Luckey and Joe Lonsdale. Full activation of the charter depends on meeting further regulatory benchmarks such as building compliance infrastructure and obtaining FDIC insurance. Critics, including Senator Elizabeth Warren, have warned of potential taxpayer risk. Led by co-CEOs Owen Rapaport and Jacob Hirshman, Erebor Bank’s entry could mark a new era of regulated crypto banking in the US, potentially boosting stablecoin liquidity and overall market stability.

The Retirement Investment Choice Act would codify Executive Order 14330 and allow crypto in 401(k) plans. It gives plan fiduciaries the authority to include regulated digital assets such as Bitcoin alongside stocks and bonds. The bill directs the Department of Labor (DOL) and the Securities and Exchange Commission (SEC) to revisit and update 2021 guidance that limited alternative asset allocations. If enacted, the law could open crypto in 401(k) access for nearly 90 million Americans and channel billions of dollars into digital assets. Supporters argue that codification ensures policy permanence and broadens retirement planning options. Critics warn that high volatility demands robust safeguards. Next steps include DOL and SEC rulemaking and the development of compliant retirement products. The measure marks a key milestone for mainstream integration of digital assets in 401(k) plans.

The Bank of England has proposed stricter stablecoin regulation to shore up financial stability after the 2023 SVB collapse triggered USDC’s depeg. Under the draft stablecoin regulation framework, individuals face a holding cap of £10,000 (down from an initial £20,000 proposal) and businesses a £10 million cap. Issuers must deposit 40% of token reserves at the BoE without earning interest. The BoE will oversee payment-focused stablecoins, while the FCA covers trading tokens. The UK is coordinating with US regulators to finalize rules next year. The global stablecoin market stands at $312 billion. Meanwhile, Coinbase’s planned $2 billion partnership with BVNK has been shelved, potentially slowing local stablecoin adoption. Traders should monitor how these reserve and cap requirements affect stablecoin liquidity, issuer funding, and market flows.

Coinbase and fintech firm BVNK have mutually terminated their planned $2 billion stablecoin acquisition during the due diligence phase. The October exclusivity agreement had advanced the Coinbase BVNK acquisition to late stages, where it would have been Coinbase’s second-largest deal after the $2.9 billion Deribit purchase. The collapse of the Coinbase BVNK acquisition frees Coinbase to reallocate resources towards its institutional stablecoin services, which generated $246 million in Q3 revenue, representing 19% of total revenue. The stablecoin market currently stands at $312 billion and is projected to reach $2 trillion by 2028, supported by US regulatory initiatives like the GENIUS Act. Traditional payment networks such as Western Union, MoneyGram and SWIFT are integrating stablecoins, driving institutional adoption. Founded in 2021 and backed by Citi Ventures and Visa, BVNK processes over $20 billion in annualized transaction volume and is reassessing its strategic priorities after the deal’s termination.

Propanc Biopharma has agreed with Hexstone Capital to establish a crypto treasury of up to $100 million. The private placement, structured as convertible preferred stock, begins with a $1 million initial investment and allows for a further $99 million over 12 months. The move diversifies Propanc’s balance sheet and funds its proenzyme-based PRP cancer therapy, which targets metastatic solid tumors and is slated for Phase I trials in H2 2026. Though Propanc has not disclosed exact crypto allocations, market observers expect Bitcoin (BTC), Ether (ETH) and Solana (SOL) to feature prominently, aligning with Hexstone’s portfolio. The creation of a digital asset treasury underscores a growing trend of biotech companies tapping crypto markets for financing. This strategy, however, introduces volatility, regulatory and custody challenges. Propanc’s Nasdaq-listed shares fell 12% on the news, reflecting investor caution over corporate crypto treasuries. Traders should watch Propanc’s detailed crypto allocation policy and PRP trial milestones. These factors could act as catalysts for both the biotech and digital asset markets, influencing crypto treasury demand and token prices.

The x402 protocol repurposes the HTTP 402 status code into an on-chain micro-payment channel. It enables instant stablecoin payments for AI services, APIs, web content, and IoT data feeds. Developed by Coinbase, the chain-agnostic design bridges existing HTTP infrastructure with blockchains. Clients encountering a HTTP 402 response can complete pay-per-use billing and settlement on any compatible chain. Major partners such as Cloudflare and Solana provide developer tools and cross-chain examples. A foundation led by Coinbase and industry stakeholders aims to standardize payment channels across stablecoins and traditional rails. Despite its promise, the x402 protocol faces challenges in wallet integration, user experience, compliance, and governance. Regulatory frameworks for on-chain stablecoin payments and KYC/AML integration remain uneven. Wallet-free interfaces and dispute mechanisms need refinement to avoid centralization and abuse. Developers should pilot x402 in controlled environments, maintain fallback payment options, and engage with the foundation’s governance. If engineering, compliance, and governance align, the x402 protocol could underpin autonomous AI commerce and fuel broader stablecoin adoption. It may drive new revenue models for API providers and accelerate on-chain activity.

Crypto ETP outflows hit $1.17 billion in the second straight week, pushing assets under management down to $207.5 billion, the lowest since mid-July. Tracking crypto ETP outflows, Bitcoin products led withdrawals with $932 million, while Ethereum ETP outflows totaled $438 million. Short Bitcoin ETPs bucked the trend, attracting $11.8 million—the largest bearish bet since May 2025. Total trading volumes remained high at $43 billion amid caution following the October 10 flash crash and Fed rate-cut uncertainty. Altcoin ETP inflows showed resilience: Solana drew $118 million last week, lifting nine-week cumulative inflows to $2.1 billion, while XRP, Hedera and Hyperliquid attracted $28 million, $27 million and $4.2 million respectively. This rotation from core products into high-growth altcoins highlights shifting trader strategies.

Bitcoin price extended its rally, surging past $106,000 on USDT trading pairs as institutional investors ramped up allocations amid favorable macro conditions and regulatory clarity. USDT trading volume doubled compared to prior peaks, underscoring sustained buying pressure. Each breached resistance near $106K has quickly turned into a new support zone, reinforcing Bitcoin’s store-of-value narrative. Analysts cite network upgrades, improved market infrastructure, and global economic uncertainty as key catalysts. Traders should watch for possible short-term pullbacks and target next resistance levels at $110,000 and $120,000. Employing risk management strategies—such as dollar-cost averaging and incremental profit-taking—will be crucial in this volatile environment.

Zcash has climbed above $600 for the first time since 2018, surging 20% in 24 hours and 200% over the past 30 days ahead of its upcoming halving event. Trading volume topped $2.3 billion on Binance, Hyperliquid and Bybit, reflecting a 1,200% year-over-year increase, while futures open interest rose to $1.08 billion. The rally is driven by renewed interest in privacy coins, technical upgrades (zk-SNARKs, the Zashi wallet and enhanced shielded transactions) and endorsements from figures like Arthur Hayes, who set a $10,000 target. Zcash’s market cap now stands at $13.4 billion. However, the Relative Strength Index indicates overbought conditions, suggesting a potential correction. Traders should monitor regulatory developments and liquidity metrics to manage risk while capitalizing on bullish momentum.

MicroStrategy boosted its Bitcoin holdings with two purchases totaling 884 BTC. Between October 27 and November 2, it acquired 397 BTC for $45.6 M at an average price of $114,771. From November 3 to 9, it added 487 BTC for $49.9 M at $102,600 per coin. Funded via its ATM equity offering (including preferred shares), the program still has $46.18 B in unused capacity. Holdings now stand at 641,692 BTC with a cumulative cost of $47.54 B and an average cost basis of $74,079. The company reports a 26.1% year-to-date Bitcoin investment yield. Despite these purchases, Bitcoin is trading about 6% below MicroStrategy’s cost, leading skeptics like Peter Schiff to question the moves’ price-support impact.

Ledger, the Paris-based hardware wallet provider, is planning a US IPO in 2026 alongside a potential private funding round. This Ledger IPO push follows a record $2.2 billion in crypto thefts during H1 2025, fueling demand for Bitcoin security. Ledger protects $100 billion in BTC and expects a sales boost over the holiday season. The firm is expanding its New York team to tap institutional capital and crypto infrastructure. An internal debate over new multisignature fees highlights the balance between decentralization ideals and institutional-grade services. The planned Ledger IPO and possible private fundraising mark a strategic shift to leverage market momentum and bolster secure storage amid a surge in crypto theft.

Rich Dad Poor Dad author Robert Kiyosaki warns of an impending financial crash and is increasing his hedges in precious metals and cryptocurrencies. He plans to buy gold and silver, aiming for $27,000 per ounce and $100 per ounce respectively by 2026, citing Jim Rickards along with Gresham’s and Metcalfe’s laws. In crypto, Kiyosaki holds positions in Bitcoin and Ethereum, setting ambitious targets of $250,000 for Bitcoin and $60,000 for Ethereum. On-chain data shows Bitcoin’s Market Value to Realised Value (MVRV) ratio at 1.8—historically a trigger for rebounds—while Fundstrat’s Tom Lee highlights Ethereum’s expanding role in stablecoins and global finance. However, persistent selling by whales and long-term holders is prolonging market consolidation, reminiscent of the post-dot-com era, and could extend subdued price action for another year.