Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Coinbase has challenged major US banking groups’ claims that stablecoins could drain deposits and threaten lending. Its policy chief, Faryar Shirzad, argues stablecoins are used primarily for payments and cross-border transfers. He stresses that demand mainly comes from international users seeking dollar exposure, not US retail customers. According to Coinbase, about two-thirds of stablecoin transfers occur on DeFi or blockchain platforms, operating parallel to traditional banking rather than competing directly. US commercial bank deposits exceed $18 trillion, while global stablecoin circulation is capped around $5 trillion, mostly held offshore. The report also highlights minimal overlap between community bank customers and stablecoin users, suggesting banks could integrate stablecoins to enhance services. Following the GENIUS Act rollout, several institutions are already exploring or launching stablecoin offerings. By reframing stablecoins as complementary to the banking system, Coinbase aims to ease regulatory concerns. Growing stablecoin adoption is seen as reinforcing the dollar’s global dominance rather than undermining banks. For traders, this clarification of stablecoins’ role could support continued growth in digital asset markets.

Ethereum co-founder Vitalik Buterin conducted a new memecoin sale, offloading 275 trillion CAT tokens for $14,216 USDC via Lifi Diamond. These tokens were airdropped unsolicited two days earlier and their sale triggered a 0.81% CAT price dip. This memecoin sale follows Buterin’s pattern of converting random airdropped tokens—his wallet also received 1 billion SPURDO and 6.439 billion TWOGE—into stablecoins, often for charitable donation. Meanwhile, Ethereum slipped below $4,000 as the broader crypto market stays bearish, with $812 million liquidated in the last 24 hours and open interest down 1.28% to $161 billion. Even a 25 bp Fed rate cut failed to spark a rally. Traders should monitor memecoin airdrop tactics and key ETH support levels to gauge market sentiment.

Bank Indonesia plans to launch a bond-backed stablecoin on its digital rupiah CBDC. The central bank will tokenize government bonds (SBN) into programmable digital securities. Announced by Governor Perry Warjiyo at the 2025 Digital Finance Festival, this move marks the first formal blockchain integration into Indonesia’s monetary framework. Although not legal tender, the bond-backed stablecoin aims to boost liquidity, transparency and the utility of CBDC. The Financial Services Authority (OJK) has imposed AML compliance and reporting requirements on stablecoin issuers, highlighting growing use in payments and remittances. Indonesia ranks seventh in global crypto adoption, driven by strong retail and DeFi activity. Authorities are also exploring Bitcoin (BTC) as a reserve asset, signalling a broader shift towards digital finance.

YZi Labs reaffirms BNB as the core deflationary token of BNB Chain. With a 100 million supply cap and over 31.8% burned, BNB’s tokenomics support price resilience. Distribution is highly decentralized: 67% public, 27% reserved for future burns, and CZ holds under 1%. On-chain metrics lead the industry: top DEX trading volume, active addresses, and stablecoin wallets. The ecosystem also boasts 26 million BNB staked and $16.2 billion in TVL across DeFi and cross-chain applications. BNB’s dual utility—on-chain efficiency plus CEX integration—lowers correlation with other assets. Growth catalysts include US market access via digital asset trusts and ETFs, listings on Robinhood and Coinbase, and regulatory relief from CZ’s recent pardon. Historically, BNB yields of 15–20% outperform BTC and ETH. YZi Labs sees BNB evolving as a key bridge between CeFi and DeFi. Traders should monitor US regulatory developments and ETF inflows as primary bullish triggers.

Bitcoin liquidations totaling $817 million erupted on October 30, 2025, after Fed Chair Jerome Powell warned markets against betting on near-term rate cuts. The sudden spike in crypto volatility saw Bitcoin futures drop to nearly $108,000 before rebounding above $110,000, with long positions bearing the brunt of forced liquidations. Ethereum futures also felt the impact, as derivatives traders grappled with tightening U.S. monetary policy signals. This wave of Bitcoin liquidations underscores the sensitivity of leveraged futures markets to Fed policy communications. Traders should closely monitor Powell’s remarks and funding-rate indicators, adjusting leverage to manage risk amid sticky inflation and a cautious interest-rate outlook. By tracking real-time funding rates and Fed announcements, crypto traders can better anticipate market swings and safeguard positions against abrupt sell-offs.

YZi Labs has led an $11 million seed funding round for VideoTutor, an AI video education startup co-founded by Kai Zhao and James Zhan in May 2025. The platform delivers personalized, voice-guided animated lessons for K–12, SAT/ACT, STEM and language learning around the clock. Within ten days of launch, VideoTutor recorded over 20,000 users, generated more than 20,000 lessons and received 1,000+ API integration requests. Participating investors include ByteDance’s JinQiu Fund, Baidu Ventures, Amino Capital and BridgeOne Capital. Proceeds will upgrade VideoTutor’s AI animation engine and adaptive education models. This marks YZi Labs’ first investment in AI software since its rebrand from Binance Labs. The venture arm of Binance co-founder Changpeng Zhao now manages over 300 projects, among them USD.AI and the Opinion marketplace. Crypto traders should note this move underscores growing venture capital interest in AI video education and broader tech innovation within the crypto ecosystem.

KOSDAQ-listed Bitplanet has boosted its Bitcoin treasury from 92.67 BTC (≈15.6 billion KRW) to 119.67 BTC after following peer SGA’s crypto VC-backed strategy. The firm’s Bitcoin acquisitions, initiated under Sora Ventures’ influence, underscore a broader trend of institutional adoption as companies diversify assets, hedge against inflation and enhance balance sheets. Bitplanet’s transparent disclosure of Bitcoin holdings may prompt other South Korean SMEs to integrate digital assets into corporate treasuries. While this corporate Bitcoin accumulation strengthens market credibility, it also carries risks from price volatility and evolving regulations. Traders should watch for potential supply-demand impacts and increased legitimacy driving Bitcoin’s market dynamics.

Bitcoin price prediction: Michael Saylor forecasts Bitcoin will climb to $150,000 by end-2025, hit $1 million in 4–8 years and $20 million in 20 years at a 30% annual growth rate. He cites rising institutional adoption, favorable regulation, maturing market infrastructure and new hedging tools that reduce volatility. MicroStrategy’s 640,808 BTC holding (≈$71.4 billion) and its credit products—Strike, Strife, Stride and Stretch—aim to enhance risk-adjusted returns and tax-equivalent yields to 16–20%. Recent spot Bitcoin ETF inflows and support from Bank of America, JPMorgan and BNY Mellon add momentum to the cryptocurrency market. This price prediction underscores Bitcoin’s long-term appeal as a hedge and institutional asset.

China EV subsidies have been excluded from the 2026–2030 five-year plan, marking the end of prioritized support for the NEV industry. This follows the 2022 termination of purchase incentives and the planned phase-out of tax rebates by 2027. The move addresses domestic oversupply, as 93 of 169 automakers hold under 0.1% market share, intensifying market competition. Industry leaders like BYD and Leapmotor are leveraging supply chain integration for cost efficiency, while tech-linked brands such as Xiaomi and Huawei Intelligent Mobility Alliance focus on smart features. Policymakers will shift strategic investments to high-tech sectors like biomanufacturing, quantum technology and hydrogen energy. Traders should monitor impacts on automotive stocks, battery supply chains and commodity demand as the NEV industry transitions to market-driven growth. The full plan is expected in March 2026.

On October 29, 2025, Hong Kong’s Secretary for Justice mandated that all HKD-pegged stablecoins, domestic or foreign, obtain a stablecoin license from the Hong Kong Monetary Authority. The regulation enforces strict reserve management, asset segregation, redemption protocols, and stability mechanisms to safeguard investors. This move completes Hong Kong’s digital asset framework by pairing the stablecoin license with the virtual asset trading platform licenses introduced in June 2023. Concurrently, the HKMA is piloting a wholesale digital HKD CBDC with programmable token standards aimed at cross-border payments. Traders should note the stablecoin license requirements and compliance obligations for HKD stablecoins under the new framework, increased market integrity, and potential growth in regulated stablecoin offerings.

Between October 28 and 30, Bitcoin price briefly broke through critical resistance levels on the OKX trading platform. On October 28, BTC surged past $115,000, reaching $115,079.20 for a 0.10% daily gain. Two days later, it tested the $111,000 mark, hitting $111,090.50 before dipping 0.38% intraday. Traders are closely watching the $115,000 and $111,000 thresholds as key resistance points. Holding above $110,000 could bolster further upside, while a break below may trigger sideways trading or pullbacks. Market sentiment remains cautious. Bitcoin price volatility at these levels suggests limited momentum, prompting traders to use these thresholds for short-term bullish or bearish strategies.

Bitcoin traded around $113,000 after failing to sustain gains above $116,000. The cryptocurrency is in a volatile retest between key support at $111,000 and resistance at $116,000. Analysts note the 21-week EMA near $111,000 and the four-hour 200-period EMA at $113,100 as significant levels. A weekly close above $114,500 would confirm a successful retest. High trading volume at $111,000 underscores market interest. Traders now focus on the Federal Reserve’s expected 25bp rate cut, widely viewed as a non-event since markets have priced it in. Meanwhile, the S&P 500 hit an all-time high, illustrating a divergence that reflects cautious sentiment in crypto markets ahead of the FOMC decision.

Bitcoin initially slid from $113,000 to around $108,000 following the Fed’s 25 bps rate cut to 3.75–4.00% and Chair Powell’s cautious tone. A lack of progress at a Trump-Xi summit in South Korea further pressured risk assets. Soon after, President Trump announced a deal with China to cut tariffs from 57% to 47% and resolve rare earth export issues, pushing Bitcoin back above $110,000. Major altcoins—including XRP, DOGE, ETH, SOL, BNB and ADA—also fell 3–4%. S&P 500 futures dipped while the dollar index held near 99. With quantitative tightening ending on December 1, net liquidity injection and eased trade tensions could boost risk appetite and support Bitcoin and other non-yielding assets.

Bitcoin is racing to close above $116,000 by Wednesday’s October 29 deadline to secure its seasonal rally. The historical seasonal rally averages 7% gains since 2015. After briefly touching $116,000, Bitcoin slipped back to $113,000, putting Uptober returns at around 4.5%. Market catalysts such as a Federal Reserve rate cut and a potential US-China trade deal offer upside. Short-term technicals remain constructive, with the hourly RSI rebounding to signal hidden bullish divergence. Looking ahead, Timothy Peterson’s seasonality model still targets $162,000 by December, underscoring potential long-term strength. Traders should watch the $116,000 threshold for signs of breakout or pullback.

On October 22, 2025, France’s National Assembly filed a resolution to block the European Central Bank’s planned digital euro, citing privacy, tracking and banking stability risks. Led by Éric Ciotti and UDR deputies, the motion calls for a public Bitcoin reserve equal to 2% of total BTC supply (around 420,000 BTC) over seven to eight years. Funding would come from surplus nuclear energy mining, seized crypto assets and redirected Livret A/LDDS savings. The bill also proposes allowing tax payments in Bitcoin pending constitutional review and promotes euro-pegged stablecoins for daily transfers under €200/day, tax-free. It demands MiCA reforms to let EU banks freely issue stablecoins and seeks to ease Basel capital buffers on crypto-backed loans. With recent AMF approvals for BPCE’s Hexarq custody platform and Lise’s tokenized DLT Pilot, France aims to bolster regulated digital assets. If adopted by October 28, 2025, the proposal could make France the world’s largest sovereign Bitcoin holder and challenge USD stablecoin dominance.

Swiss issuer 21Shares has filed with the U.S. SEC to launch a Hyperliquid ETF tracking the Hyperliquid governance token of a decentralized perpetual futures platform. The proposed Hyperliquid ETF would appoint Coinbase Custody and BitGo Trust as custodians, providing institutional investors regulated exposure to a leading DeFi asset without direct wallet management. On-chain metrics show the Hyperliquid DEX handles billions in monthly derivatives volume, with the token boosted by fee discounts and governance staking. Following the strong debut of Bitwise’s Solana Staking ETF – which saw over $72 million in trading volume on day two – this filing underscores growing demand for yield-bearing crypto ETF products. If approved, the ETF would expand regulated access to altcoin markets, enhance DeFi liquidity and reduce self-custody risks. Traders should monitor SEC feedback, custodial arrangements and implications for altcoin liquidity.

On Oct. 30 in South Korea, President Donald Trump met Chinese leader Xi Jinping to de-escalate US-China trade tensions by agreeing to reduce Chinese import tariffs and ease export controls on rare-earth elements. These measures target supply-chain disruptions that weighed on the crypto market, notably Bitcoin, which tumbled from $121,560 to below $103,000 amid tariff threats. US miners also faced a 19% duty on Malaysian mining hardware, raising operational costs. Market data show Bitcoin often rallies over 10% following positive trade developments. Easing tariffs and rare-earth limits could lower hardware expenses, bolster mining profitability and stabilize Bitcoin volatility. Traders should monitor policy updates and trading volumes for early signals of market recovery.

Ethereum is gaining momentum after Bitmine’s $113 million ETH purchase and $380 million in spot ETF inflows this week, lifting total ETF assets to $27.66 billion. ETH reclaimed the $4,000 level as whale transactions spiked, signaling renewed institutional confidence. The Fusaka upgrade is live on the Hoodi testnet ahead of the December 3 mainnet launch. It promises parallel execution and lower gas fees, boosting rollup efficiency and network capacity. Technical indicators show Ethereum trading in tight consolidation around $4,000, with RSI near 47 and Chaikin Money Flow at –0.06. Traders will watch for a breakout above this range on rising volume and continued whale accumulation, which could propel ETH toward $7,000.

zkPass has released its comprehensive ZKP tokenomics, capping total supply at 1 billion. The ERC-20 token is allocated across five cohorts: 48.5% to the community (12.5% unlocked at TGE, 6% over three months, then 30% monthly for five years), 22.5% to early investors (12 month lock, 18 month vesting), 14% to core contributors (24 month lock, 24 month linear release), 10% to the DAO treasury (linear over five years), and 5% for liquidity (fully unlocked at TGE). ZKP serves as a settlement medium, validator stake, network credit, cross-system proof, service access and governance token. Token holders can secure the network through zero-knowledge proof verification and influence protocol development via DAO voting. After raising $12.5 million in Series A at a $100 million valuation, zkPass’s transparent ZKP tokenomics and clear vesting schedule aim to temper short-term sell pressure and foster long-term governance participation, granting traders better visibility into upcoming unlocks and their potential market impact.

The US Senate has voted 50-46 to block President Trump’s Canada tariffs on exports. Four Republicans—Mitch McConnell, Susan Collins, Lisa Murkowski, and Rand Paul—joined Democrats, marking the second bipartisan rebuke of Trump tariffs in two days after opposing duties on Brazil. A final vote on broader global tariffs is set for Thursday. The decision followed an Ontario ad quoting Ronald Reagan against protectionism, which prompted Trump to pause Canada trade talks and threaten a further 10% rise atop the existing 35% duty. Although symbolic until the House votes—postponed until March—the resolution signals rising bipartisan resistance to Trump tariffs. Traders should watch this trade dispute. Fluctuations in steel, aluminum, and energy sectors tied to Canada could ripple across commodities and risk sentiment. While direct effects on cryptocurrency trading are limited, heightened market volatility may influence short-term crypto positions.

Bitplanet increased its Bitcoin holdings by 9 BTC in late October, spending about $1.09 million at an average price of $118,781 per coin. This lifted its total treasury to 119.67 BTC, with a cumulative investment of roughly $14.17 million. The move highlights sustained corporate demand and institutional accumulation of Bitcoin. Such purchases can provide price support and signal long-term adoption trends. Traders may view this development as a bullish indicator for Bitcoin’s near-term stability and overall market sentiment.

Bitcoin dropped over 2% to around $109,000 after US Fed Chair Jerome Powell signalled that a December rate cut is not assured. The Federal Open Market Committee had earlier cut its benchmark rate by 25 basis points to 3.75–4.00%, but Powell’s cautious tone cooled market expectations. Bitcoin’s slide dragged the broader crypto market lower: Ethereum (ETH) slid about 1.9% to $3,900, XRP eased 2.7% to $2.53 and Solana (SOL) fell 1.0% to $192. Meanwhile, rising 10-year Treasury yields and a stronger dollar compounded the selling pressure. With quantitative tightening due to end on December 1 and the odds of a December rate cut trimmed to around 69% by CME FedWatch, traders are turning their attention to the upcoming US-China summit for fresh market catalysts.

OpenAI IPO plans target a valuation of up to $1 trillion and at least $60 billion in fundraising. The company expects to submit its listing application in the second half of 2026 and go public in 2027. This follows its conversion into a public benefit corporation, which removed capital limits and improved its readiness for public markets. The new structure underpins OpenAI’s strategy to secure extensive computing resources and develop large-scale AI models. OpenAI is also forming strategic partnerships with major tech firms to ensure advanced infrastructure. If achieved, the OpenAI IPO would rank the company among the world’s most valuable public firms.

Samsung Q3 profit reached a record 12.2 trillion KRW, more than doubling from Q2, driven by a broad chip rebound and booming AI high-bandwidth memory (HBM) demand. Samsung Q3 profit and revenue beat forecasts, with sales rising 8.9% to 86.1 trillion KRW. The Device Solutions unit posted 7.0 trillion KRW in operating profit and 33.1 trillion KRW in sales on strong data center and crypto mining hardware orders. Samsung regained the global memory market lead and passed Nvidia qualification for advanced HBM chips. The company plans to accelerate HBM4 production by 2026. Its mobile and network division added 3.6 trillion KRW in profit from flagship devices. While this surge underscores Samsung’s semiconductor strength, direct effects on cryptocurrency prices remain limited.

Circle’s Arc public testnet, branded as an internet economic operating system, has attracted over 100 global institutions including BlackRock, Goldman Sachs, Visa and Mastercard. South Korea’s crypto custodian BDACS signed an MOU with Circle to develop and issue KRW1 stablecoin on Arc, marking the country’s first won-backed token launch. KRW1 stablecoin will be fully collateralized by Korean won deposits at Woori Bank, with real-time reserve attestations via bank APIs. The KRW1 trademark was registered in December 2023 following a proof of concept on Avalanche in September. Arc testnet offers sub-second finality, predictable USD-denominated fees, optional privacy and seamless USDC integration. Pilots from Japan, Brazil, Mexico and the Philippines are also underway. Kaia DLT Foundation chair Sangmin Seo criticized the Bank of Korea’s plan to limit stablecoin issuance to banks, urging inclusive rules for all regulated providers. Traders should watch KRW1 stablecoin adoption for its potential to boost liquidity and cross-border settlements in Asia’s crypto markets.

Mercedes Q3 Profit plunged 70% year-on-year to €750m, driven by a 15% US import tariff on European cars and a 27% slump in China amid rising EV competition from BYD and Xiaomi. Mercedes Q3 Profit, adjusted for €1.3bn of one-off charges, fell 17%. The automaker maintained its full-year outlook, backed by strong luxury sales and a €2bn share buyback. CEO Ola Källenius announced efficiency measures, 40+ electric, hybrid and combustion model launches in 2026, and possible US production expansion. A semi-autonomous model is due this autumn in China, as CFO Harald Wilhelm flagged workforce reductions.

A single trader paid $20.9 million in premium for S&P 500 call options that target a rise above 9,000 by late 2026, implying a 30% rally from current levels near 6,900. The S&P 500 call options position offers limited-risk exposure to a substantial market upswing or a spike in volatility. Susquehanna’s Christopher Jacobson flagged the trade for its size and directional bet, noting that unusually low volatility has kept options pricing attractive. U.S. equity options volumes rose 40% year-on-year to 67 million contracts daily in September, driven by retail and structured-product flows. The timing—just before major U.S. tech earnings and a Federal Reserve meeting with a 25 bps rate cut—highlights growing conviction in continued equity upside. Crypto traders should watch for volatility spillover and cross-market sentiment shifts as policy cues and earnings reports unfold.

MegaETH public sale has so far drawn $954 million in bids, exceeding its $50 million cap by 19.1× oversubscription. Early results showed $412 million in bids at an 8.2× oversubscription with 2.5 days remaining, before demand accelerated as the sale neared completion. As the MegaETH public sale approaches its close with under 12 hours left, the robust interest highlights growing enthusiasm for Ethereum-based crypto presales and token sale fundraising. Traders should watch MegaETH listing plans, final token allocations, and secondary-market price action, as high oversubscription typically precedes significant trading volatility and profit opportunities. Ethereum network developments will also shape MegaETH’s post-sale performance.

On October 29, the Federal Open Market Committee cut its federal funds rate by 25 basis points to 3.75%–4%, a move fully priced in by markets. Bitcoin fell about 2.4% following the announcement. Fed Chair Jerome Powell noted dissent among FOMC members over a further cut in December, highlighting divisions that may limit liquidity in risk assets. CME Group data show a 56% probability of another rate cut to 3.5%–3.75% by year-end. Historically, Bitcoin has posted average November gains of 46% after rate reductions. However, ongoing US–China trade tensions and mixed Fed signals have subdued crypto market enthusiasm. Traders should monitor upcoming inflation and employment reports, FOMC minutes and geopolitical developments. Bitcoin’s seasonal strength and the potential for dovish Fed policy still present buying opportunities for disciplined, data-driven strategies.