Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

The MegaETH token sale closed within minutes after drawing over $450 million in bids against its $50 million cap. This MegaETH token sale allocated just 5% of the 10 billion MEGA token supply, with bid tiers ranging from $2,650 to $186,282. Participants who lock MEGA tokens for one year receive a 10% discount, but due to heavy oversubscription, many bidders will only secure partial allocations. On-chain analysts warn this frenzy may be driven more by FOMO than fundamentals. MEGA tokens are set to launch on selected centralized and decentralized exchanges in January 2026, powering new Layer-2 features like sequencer rotation and proximity markets. Traders should weigh the initial bullish sentiment of the MegaETH token sale against the risks of inflated valuations in early-stage crypto projects.

On October 27, Solana co-founder Anatoly Yakovenko took to X to challenge Ethereum L2 security and decentralization claims. He branded the idea that Layer 2s inherit Ethereum L1 security as unfounded, citing large attack surfaces, bloated codebases and reliance on multi-signature custody models that can move funds without user approval. Yakovenko also compared ETH bridged via Wormhole on Solana with ETH on Base, saying both face similar worst-case risks and generate comparable revenue for ETH L1 stakers. His critique intensifies the Solana vs Ethereum L2 debate and underscores persistent security and decentralization challenges in Ethereum’s scaling strategy.

Snorter Token presale has raised over $5.7 million on Solana, up from $5.3 million, at $0.1083 per SNORT. The Telegram-based crypto trading bot scans Solana, Ethereum and Binance networks for high-potential meme coins. Snorter Token presale offers up to 99% staking APY, a 0.85% trading fee discount and multi-chain features like automated swaps, snipes, stop-loss and MEV protection. With Solana up 6.74% to $203, traders have a final chance to join before the presale ends today.

Bunni DEX permanently shut down on September 2 following an $8.4 million DeFi exploit that leveraged flash loans to manipulate its Liquidity Distribution Function. Attackers triggered rounding errors across Ethereum and Unichain stablecoin vaults, siphoning over $2.3 million through multiple DeFi protocols before converting funds into ETH and other stablecoins. Prior to the breach, Bunni DEX’s TVL had surged from $2.2 million to nearly $80 million. In response, the team paused all smart contracts and urged users to withdraw assets immediately. Remaining treasury funds will be distributed to BUNNI, LIT and veBUNNI token holders based on a blockchain snapshot, with developers excluded. Facing six- to seven-figure audit and redevelopment costs, Bunni DEX lacks the resources to relaunch. To foster community collaboration, the v2 code has been relicensed under MIT, making its liquidity-driven fee model open source. The team will cooperate with law enforcement to recover stolen assets.

WazirX, the Indian crypto exchange, will resume trading and crypto withdrawals on Oct 24, marking its first activity since a July 2024 $235 million hack. The platform implements a four-phase token listing from Oct 24–27, introducing 25% of assets daily in USDT markets before adding INR pairs. Zero trading fees apply for the first 30 days. INR deposits and withdrawals are already live, with crypto withdrawals reactivated upon launch. The relaunch follows Singapore High Court approval of parent Zettai Pte Ltd’s restructuring scheme. WRX token jumped roughly 32% to $0.099 and trading volumes rose 95%, reflecting renewed confidence. Bitcoin trades near $109,400, down 1.7% over the past week. Traders should monitor liquidity shifts, limit large orders early, and track official updates to navigate potential volatility.

Trezor Safe 7 is a quantum-ready hardware wallet featuring an open-source TROPIC01 security chip and an EAL6+ certified secure element. With a post-quantum upgradeable bootloader, a hybrid signature scheme and a 2.5-inch color touchscreen, the wallet combines open-source security with usability. It offers Bluetooth Low Energy via the open-source Trezor Host Protocol, Qi2 magnetic wireless charging, an anodized aluminum unibody, Gorilla Glass 3, IP54 dust and water resistance, and a LiFePO4 battery. Through Trezor Suite, traders can manage multiple coins, trade, stake and integrate third-party apps. Priced at USD 249, the Trezor Safe 7 and a Bitcoin-only edition are available for pre-order now, shipping from November 23, 2025 in three colors. The Trezor Safe 7 ensures long-term protection against quantum threats, making it a key security upgrade for traders.

Hyperliquid Strategy, formed in July via the merger of Nasdaq-listed Sonnet BioTherapeutics and SPAC Rorschach I LLC, holds 12.6 million HYPE tokens and $305 million in cash. The firm has filed an SEC S-1 to raise up to $1 billion for corporate operations and additional HYPE token acquisitions. Upon closing, it will become the largest corporate HYPE holder. Hyperliquid plans to stake nearly all HYPE tokens to secure consistent staking rewards and explore DeFi yield strategies, echoing a MicroStrategy-style altcoin treasury model. The HYPE token price surged 11% to $39.02 on the filing news. Traders should watch the SEC approval timeline, token distribution events, and liquidity shifts. A successful capital raise could drive HYPE token demand and wider altcoin adoption, but regulatory and execution risks may trigger volatility.

Mutuum Finance has entered Phase 6 of its token presale, selling over 70% of tokens at $0.035 each and raising $17.75 million from more than 17,340 investors. The DeFi protocol uses a dual-lending framework that combines peer-to-peer and peer-to-contract models to optimize capital efficiency and real-world utility. Mutuum Finance’s gamified leaderboard rewards top participants with $500 in MUTM tokens daily, fueling strong community engagement and liquidity. The project plans to launch its V1 lending and borrowing protocol on the Sepolia Testnet in Q4 2025, featuring liquidity pools, mtTokens, debt tokens, a liquidator bot, and ETH/USDT collateral options. With robust presale demand and an aggressive roadmap, Mutuum Finance stands out as a compelling DeFi contender offering significant upside potential for crypto traders.

Anatoly Yakovenko has launched Percolator, a sharded perpetual futures DEX on Solana. Percolator features a Router module for collateral management, margining and cross-slab routing, and a Slab module as a standalone matching engine run by liquidity providers. GitHub hosts the complete documentation, including order book and memory pool structures. A testnet launch is expected soon as development of liquidation and governance modules nears completion. Percolator enters a competitive environment dominated by Hyperliquid, which currently captures 35% of on-chain revenue with its permissionless perpetual markets. By leveraging Solana’s parallel processing and high throughput, Percolator aims to boost capital efficiency, reduce latency, and expand Solana’s DeFi ecosystem into derivatives trading. Traders should watch Percolator’s testnet for opportunities in high-frequency futures strategies and monitor SOL’s performance ahead of launch.

Coinbase has submitted a 30-page response to the US Treasury under the GENIUS Act, calling for modernization of crypto AML compliance under the Bank Secrecy Act. The proposal recommends safe harbors for AI-driven and API-based blockchain analytics, integrating zero-knowledge proofs and decentralized identity to enhance privacy and reduce false positives. It also advocates know-your-transaction analytics to accurately trace digital asset flows and regulatory sandboxes to pilot public-private AML models. By emphasizing outcome-based guidelines over rigid mandates, Coinbase aims to reduce regulatory uncertainty, accelerate AI-powered transaction screening, and bolster detection of illicit crypto activity, ultimately helping exchanges scale compliance, foster innovation, and build confidence in crypto AML solutions.

A recent Coinbase Institutional survey of 124 investors finds 67% remain bullish on Bitcoin over the next 3–6 months. While 45% of institutions see the current bull cycle continuing, only 27% of retail investors agree. Major crypto treasury firms, including BitMine and Michael Saylor’s MicroStrategy, have been accumulating BTC and ETH during market dips, underpinning price support. Bitcoin has reclaimed key levels above $108,000 and briefly hit $111,000, while Ethereum hovers around $4,000 after an 11% monthly drop. Looking ahead to Q4, two potential Federal Reserve rate cuts and large money-market funds on the sidelines are cited as key liquidity drivers. Regulatory progress—such as the OCC charter and proposed market-structure bills—could further integrate crypto into traditional finance. Coinbase remains positive on Bitcoin’s outlook but adopts a cautious stance on altcoins. Traders should monitor Fed policy, liquidity flows, and institutional behavior for signals of sustained market momentum.

BlackRock has listed its iShares Bitcoin ETP on the London Stock Exchange after the FCA lifted its four-year ban on crypto exchange-traded notes (ETNs). Priced around $11 per unit, the physically backed Bitcoin ETP allows UK retail investors regulated access to BTC through traditional brokerage accounts without holding the asset themselves. Under the scheme, bitcoins are secured by licensed custodians—primarily Coinbase—with daily transfers from trading wallets into segregated cold storage. The product builds on BlackRock’s US spot Bitcoin ETF, extending its $85bn digital asset lineup under an institutional-grade infrastructure. The FCA, while still warning of crypto volatility and maintaining a retail ban on derivatives, now endorses blockchain-based fund tokenisation and will monitor market risks. Domestic interest in digital assets has climbed, with a 12% increase in investments since 2022 and projections suggesting four million UK crypto investors within a year. The launch marks a key step for mainstream Bitcoin adoption, potentially driving new inflows and reducing counterparty and rehypothecation risk.

MUFG, SMBC and Mizuho will issue a yen stablecoin on the MUFG Progmat blockchain platform by December 2025. The multi-chain stablecoin, compatible with Ethereum, Polygon, Avalanche and Cosmos, aims to streamline corporate payments with low-cost internal transfers, dividend distributions and cross-border settlements. Mitsubishi Corporation will pilot the yen stablecoin across 240 subsidiaries, covering over 300,000 clients and reducing traditional banking delays. Japan’s Financial Services Agency is finalizing regulatory approval for the yen stablecoin, following its authorization of JPYC’s stablecoin in late 2025, and is evaluating a USD-pegged version. Scalability plans include expansion to additional chains, signaling growing blockchain adoption and intensifying competition in Japan’s digital finance sector. Traders should note the new yen stablecoin launch may boost liquidity, cut settlement costs and set a precedent for bank-issued stablecoins.

An FT investigation shows the Trump family’s crypto ventures under World Liberty Financial generated over $1 billion in pre-tax profits over the past year. The WLFI token netted about $550 million, while USD1 stablecoin sales exceeded $2.71 billion, producing $42 million in fees. The TRUMP and MELANIA memecoins added $362 million and $65 million, respectively, despite trading over 90% below their peaks. USD1 has become the fifth-largest stablecoin with a $2.68 billion market cap. President Trump also holds $1.9 billion in Trump Media & Technology Group assets. Critics cite conflict-of-interest risks, prompting proposals like the COIN Act to bar officials from crypto business and calls for divestment.

Florida lawmakers have filed two bills to integrate digital assets into state finances and clarify stablecoin regulation. House Bill 183 (HB183) authorizes a Bitcoin allocation of up to 10% of the General Revenue Fund, Budget Stabilization Fund and portions of the Florida Retirement System pension funds. The bill requires holdings through licensed custodians or investment in SEC-registered ETFs, and allows tax payments in digital assets converted to USD to mitigate volatility. House Bill 175 (HB175) simplifies stablecoin regulation by exempting recognized payment stablecoins from redundant licensing, mandating full USD or U.S. Treasury backing and monthly public reserve audits. Both bills take effect on July 1, 2026. Crypto traders should watch Florida’s Bitcoin allocation framework and stablecoin regulation updates, as growing state digital asset investments may drive institutional demand, boost crypto liquidity and impact market compliance.

South Korea’s Financial Intelligence Unit has approved Binance’s completed takeover of local exchange GOPAX after a two-year regulatory review. The approval clears Binance’s 67% stake acquisition and lets GOPAX resume operations under Korean supervision. GOPAX will repay GOFi users linked to Genesis Global Capital and integrate Binance’s liquidity, technology and fee structure within local compliance frameworks. Binance withdrew from Korea in 2021 amid stricter AML and real-name banking rules. Traders should watch GOPAX’s relaunch, repayment progress and any shifts in trading volumes as Binance reenters the market dominated by Upbit and Bithumb. The move could intensify competition and shape near-term market dynamics.

BlackRock has relaunched its flagship money market fund, now called the BlackRock Strategic Treasury Liquidity Fund (BSTBL), to meet the GENIUS Act’s stablecoin reserve requirements. BSTBL invests 100% in short-term U.S. Treasuries and overnight repos. Trading hours extend to 5 pm ET, and the fund charges a net 0.27% fee through June 2026. Approved by the board, BSTBL targets institutional investors, including stablecoin issuers such as Circle’s USDC, offering transparent custody via BlackRock’s $1 trillion cash portfolio and existing Treasury partnerships. This fund gives stablecoin issuers a clear path to manage stablecoin reserves and strengthens market confidence by delivering fully backed stablecoin reserves. The move enhances BlackRock’s digital asset strategy, which includes a Bitcoin ETF, Ethereum products and a BUIDL Liquidity Fund. Analysts see stablecoin reserves surging from $280 billion today to $4 trillion by 2030, highlighting the fund’s market potential.

Andreessen Horowitz (A16Z) has committed $50 million to Jito, acquiring a substantial allocation of JTO tokens with long-term lock-up terms and discount incentives. Jito’s Solana-based liquid staking and MEV protocol, including its Block Assembly Marketplace now live on mainnet, benefits from growing institutional support. Despite Solana staking generating about $5 billion in annual rewards, on-chain data show 7.1 million SOL (~$1.4 billion) withdrawn since the Oct. 11 market crash, keeping SOL under $200. Following the A16Z deal, JTO rallied over 3% to trade near $1.16–$1.19, with the RSI around 35 suggesting an oversold position and potential upside toward $1.50–$1.70 and longer-term resistance above $2.50 (all-time high $5.61). A16Z’s token-based investment mirrors its $55 million LayerZero and $70 million EigenLayer purchases, underscoring confidence in Solana staking economics. Separately, the SUBBD presale on Solana has raised over $1.2 million toward a $1.4 million target, offering AI-driven personalization for creators at $0.056 per token, with under 24 hours until the next price tier.

World Liberty Financial is launching a real estate tokenization initiative using its USD1 stablecoin to fractionalize high-end properties. The program will begin by issuing $1,000 equity tokens on Ethereum for a landmark construction project, granting token holders ownership rights, transaction history, and compliance data on a secure blockchain ledger. This real estate tokenization model aims to bypass traditional banks, democratize property investment for microinvestors and offer exclusive perks like hotel privileges and services. By leveraging WLFI’s infrastructure, including a planned buyback-and-burn mechanism, debit card, and mobile app, the project reduces lender dependence and enhances liquidity. With partner Zach Witkoff confirming plans to migrate parts of the Trump family’s real estate portfolio onto the blockchain, the strategy signals broader adoption of asset tokenization across sectors such as oil and gas.

Bhutan has begun migrating its national digital identity system to an Ethereum-based platform, aiming to serve 800,000 citizens by Q1 2026. This first full-scale Ethereum national ID solution uses smart contracts to enhance security, privacy and streamline citizen services. Developed in partnership with the Ethereum Foundation and tech providers, the system stores ID credentials on a decentralized network. Concurrently, Bhutan holds over 11,000 BTC (around $1.3 billion) and supports sustainable Bitcoin mining powered by hydropower. The government’s strategy involves selling Bitcoin at market peaks while retaining core reserves. Tourists can now pay with various cryptocurrencies, underscoring Bhutan’s commitment to blockchain adoption and potential as a global model.

In March, CME Group introduced Solana (SOL) futures followed by XRP futures in May, and recently launched regulated SOL and XRP options. These CME options cover both standard and micro contracts with daily, monthly and quarterly expiries. The first block trades occurred between Cumberland DRW and Galaxy Digital for SOL options, and between Wintermute and SuperState for XRP options. Each new options product opened with five contracts, compared to 12,431 for Bitcoin and 37,201 for Ethereum. CME reported record $39 billion in crypto futures open interest mid-September, with Q3 average daily volumes of about 4,300 SOL futures and 2,100 XRP futures. CME Global Head Giovanni Vicioso and Wintermute’s Ethan Ren highlight growing institutional demand for advanced hedging and directional tools, while DRW’s Roman Makarov and SuperState’s Saahith Pochiraju emphasize the importance of diversified risk management. Traders should monitor CME options volume and open interest for evolving liquidity as SOL and XRP options mature.

BlackRock is accelerating its asset tokenization strategy. It is developing internal blockchain technology to digitize ETFs, cash funds, real estate, equities and bonds. CEO Larry Fink calls tokenization a multi-decade paradigm shift that could reshape finance. The firm is exploring ETF tokenization to enable fractional ownership, 24/7 settlement and broader on-chain access. With $13.5 trillion under management, including $5 trillion in ETF assets and the iShares Bitcoin ETF holding $100 billion, BlackRock is evaluating custody solutions, trading rails and operational frameworks for asset tokenization. It launched its BUIDL tokenized cash market fund, holding $2.8 billion as of March 2024. Industry forecasts expect the tokenization market to grow from $2 trillion in 2025 to over $13 trillion by 2030. Tokenized assets promise improved liquidity, reduced settlement friction, fractional ownership and broader retail access. Traders should monitor regulatory and custody developments, viewing asset tokenization as a complement to traditional allocations that could boost market liquidity and institutional adoption.

Bitwise’s proposed spot Chainlink ETF has been registered in both the active and to-be-listed sections of the DTCC platform under ticker CLNK. While DTCC listing is not an SEC approval, it usually precedes the final greenlight. Bitwise filed its Form S-1 in August and plans to submit Form 8-A ahead of trading. A competing spot Chainlink ETF from Grayscale may face extra scrutiny over staking features. The ongoing US government shutdown has delayed ETF approvals, but recent Senate funding measures and the SEC’s new generic listing standards could accelerate SEC approval. Traders should watch for official filings and potential volatility upon a greenlight for this Chainlink ETF.

John Deaton, who rose to prominence defending XRP holders in Ripple’s SEC case, has entered the 2026 Republican Senate race in Massachusetts. He aims to unseat incumbent Ed Markey. After his 2024 loss to Elizabeth Warren, Deaton is expanding his platform to economic fairness, government accountability and public safety while maintaining a crypto policy focus. His campaign accepts BTC, ETH, SOL, XRP and DOGE donations and seeks support from crypto PACs like Fairshake. Traders should monitor his fundraising and policy debates for signals of potential regulatory changes in the crypto market.

Canary Capital has secured Nasdaq approval for its Spot XRP ETF (ticker XRPC) after filing Form 8-A with the SEC on 10 November. The ETF will track the CCIXber Reference Rate Index to deliver direct XRP spot exposure and charge a 0.50% management fee. U.S. Bancorp Fund Services will administer the fund, Paralel Distributors will handle marketing, and Gemini Trust, BitGo Trust and U.S. Bank will provide custody. This approval is the final regulatory step before trading can begin, pending a CERT filing. It follows Canary’s recent launches of Litecoin and Hedera spot ETFs, reflecting growing institutional demand for regulated crypto ETFs. XRP price gained 8.8% ahead of the announcement, highlighting positive market sentiment. Traders should watch the launch date. The new XRP ETF could boost liquidity and institutional flows, potentially increasing trading volume and volatility for XRP.

Ethereum Fusaka upgrade, set for December 3, 2025, rolls out PeerDAS to shard and sample blob data, cutting node storage and bandwidth needs by 8× and boosting Layer 2 scalability. It activates EIP-7918 and EIP-7892 to stabilize blob fees, and security EIPs (7823, 7825, 7883, 7934) to cap gas, block and transaction sizes against DoS attacks. Usability upgrades include pre-confirmations for near-instant finality, a new CLZ opcode, P-256 signature support and streamlined hardware key and mobile logins. Validator specs drop to ~25 Mb/s bandwidth and 8 GB RAM, enabling home nodes and decentralizing the network. DeFi protocols like Aave and Synthetix stand to gain faster execution, lower fees and deeper liquidity. By reducing gas costs and raising L1 throughput, the Ethereum Fusaka upgrade paves the way for high-frequency trading and “instant Ethereum” experiences. Traders should watch for increased ETH ETF flows and improved staking risk profiles as network performance drives adoption and value.

BitMine Immersion Technologies raised its ETH holdings by 110,288 ETH in the week to Nov. 10, taking its total to 3.51 million ETH—about 2.9% of the 120.69 million circulating supply. The firm bought at an average price of $3,639 and views the recent market dip, with ETH trading near $3,537, as a buying opportunity. Chairman Tom Lee predicts ETH could reach $10,000–12,000 by year-end. Shareholders have pressed for greater transparency and yield, questioning why BitMine keeps its ETH holdings unstaked while peers pursue staking returns. Discrepancies in wallet data from Arkham Intelligence and The Block have intensified calls for clearer disclosures. Currently, ETH trades above the $3,470 support and nears its 200-day EMA at ~$3,660, with resistance around $3,815. BitMine’s stock (BMNR) jumped 400% in 2025, underscoring investor confidence. Traders should watch large-scale ETH accumulation for its impact on liquidity and price momentum.

TeraWulf Q3 revenue reached $50.6 million, an 87% year-on-year increase driven by a strong Bitcoin rally and improved operational efficiency. The Bitcoin mining firm produced 377 BTC in Q3, down 32% from 555 BTC a year ago due to rising network difficulty and strategic timing of sales. TeraWulf optimized energy costs through advanced equipment and infrastructure upgrades, helping deliver record revenue despite lower coin output. These results could reduce immediate BTC selling pressure and support long-term market stability. Crypto traders should watch TeraWulf’s production volume, cost management and sales timing as key factors for mining profitability in a volatile market.

BitMine, Tom Lee’s crypto investment firm, accelerated ETH accumulation after the October 11 market crash. On-chain data show BitMine added 379,271 ETH—about $1.5 billion—in three buys over a week. The firm has now grown its crypto war chest to a record $13.2 billion across leading digital assets. These moves reflect a bullish institutional investment stance and confidence in Ethereum’s long-term fundamentals. Lee highlighted a short-term market bottom and predicted a rebound amid network upgrades and rising DeFi activity. Traders may view this ETH accumulation as a positive signal for market stability, price support, and future demand for Ethereum.