Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Ripple’s Chief Technology Officer, David Schwartz, has exposed a sophisticated crypto-drainer scam targeting XRP holders. The fraudster, posing as a Uniswap developer on social platform X, falsely claimed a 41% yield per swap via a supposed Uniswap bug and shared malicious GitHub code to trick users into approving wallet connections. Once granted access, the script drained assets without delivering any genuine returns. Schwartz quickly identified the threat, flagged and reported the malicious repository on GitHub, opened an issue to alert developers, and urged the XRP community to remain vigilant. He also warned of a surge in phishing messages impersonating hardware wallet security updates, advising users never to enter seed phrases outside official wallet devices and to independently verify unsolicited requests. This alert underscores ongoing phishing risks and reinforces best wallet security practices for XRP holders and crypto traders.

Tesla reported an $80 million Tesla Bitcoin profit in Q3 2025 thanks to a rally in Bitcoin prices and a stable holding of 11,509 BTC. Under FASB’s new mark-to-market accounting rule, Tesla revalues crypto assets each quarter and recognized this unrealized gain on its income statement without selling any coins. Q3 revenue reached $28.1 billion, with adjusted EBITDA of $4.3 billion, while EPS of $0.50 missed estimates as rising costs and reduced regulatory credit income pressured margins. Although the Tesla Bitcoin profit is modest relative to overall earnings, it highlights crypto’s growing role in corporate treasuries and introduces potential volatility in reported profits. For traders, future Bitcoin price swings could lead to more pronounced changes in Tesla’s quarterly results and stock performance.

Coinbase and Cloudflare’s x402 protocol has launched its first token, $PING, on the Base blockchain, delivering nearly 100× returns on mint and surging over 8× within 24 hours to a market cap above $30 million. The launch mimics the early inscription craze by requiring $1 on-chain payments for 5,000 PING via HTTP 402 verification. Over the past 30 days, the x402 protocol processed more than 150,000 transactions worth about $140,000 in a real-world stress test. As an API-based payments layer, the x402 protocol allows direct settlement in USDT, USDC and other on-chain assets without fiat rails and paves the way for autonomous AI agents to execute transactions. Beyond $PING, the growing ecosystem includes Questflow (behind $SANTA), AurraCloud ($AURA), Meridian ($MRDN), PayAI ($PAYAI), Daydreams ($DREAMS), Gloria AI ($GLORIA) and Kite AI. With an x402 Foundation led by Coinbase and Cloudflare, adoption may accelerate, supporting both meme and infrastructure tokens under the protocol.

Solmate Infrastructure is expanding its Solana validator footprint in the UAE by deploying bare-metal validators in a premier data center. The hardware is assembled and tested using SOL tokens bought at a discount from the Solana Foundation. This marks the Middle East’s first dedicated Solana validation hub under Solmate’s infrastructure-first growth strategy. Alongside its UAE expansion, Solmate has launched an M&A strategy to acquire Solana ecosystem businesses that enhance SOL-per-share value. CEO Marco Santori stresses deals are selected for long-term value accretion rather than short-term revenue boosts. The company also amended its registration rights agreement for a $300 million PIPE financing, with an SEC filing due by November 22, 2025. This amendment secures greater flexibility for future infrastructure projects and protects shareholder interests. With SOL trading around $192, technical charts show a potential breakout above $200, targeting $280–$300 if the $170 support holds. Traders should watch SOL demand from validation growth and M&A activity.

Ark Invest has raised its Robinhood stake by $21.3M through the ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW), buying 131,049 and 36,440 shares respectively. This move lifted Robinhood to about 19% of each fund’s portfolio and drove its shares up 5.6% intraday and 6% in pre-market trading. The purchase underscores Ark Invest’s bullish outlook on Robinhood’s crypto expansion, including the acquisitions of WonderFi and Bitstamp, the launch of BNB trading, and development of an Arbitrum-based layer-2 blockchain. Ark has also filed for a Bitcoin Yield ETF and two downside-protected ARK DIET Bitcoin ETFs, while maintaining major positions in Coinbase, Bullish, and BitMine.

Coinbase maintenance will begin on October 25 at 7:00 a.m. PT for a scheduled system upgrade, pausing trading, deposits and withdrawals on Coinbase.com, Coinbase Exchange and Coinbase Prime for several hours. Only INTX perpetual futures trading will remain active, while transfers on Coinbase Exchange are delayed and in-flight transfers held. Traders should complete orders before the downtime and monitor Coinbase’s official status page and X account for real-time updates. Ahead of the pause, Coinbase maintenance includes new spot listings for BNB, aPriori (APR), Meteora (MET) and Keeta (KTA), delisting or pausing perpetual futures for Freysa (FAI) and Moonwell (WELL), and launching SUI futures. Stablecoin supply on the platform hit a record $300 billion, underscoring strong demand. This Coinbase maintenance may cause brief trading interruptions but is designed to enhance performance and security with minimal long-term market impact.

Custodia Bank and Vantage Bank have launched a blockchain-based platform enabling tokenized deposits—digital customer balances held on-chain but fully backed by actual dollars. The solution runs alongside stablecoins to facilitate fast, low-cost transfers without moving funds outside existing banking systems. Each participating bank retains control of its digital wallets and tokens, ensuring compliance with regulations including the GENIUS Act. Hosted on Custodia’s SOC 2 Type II–certified, bank-grade blockchain and integrated with Infinant’s Interlace network, the platform supports pilot use cases such as cross-border payments, supply-chain settlement and flexible payroll. Traders should watch for rising demand for tokenized deposits and partner banks’ settlement tokens, as these developments could boost stablecoin liquidity and on-chain transaction volumes.

An anonymous wallet (0xb317) on Hyperliquid executed a $208 million cross-margin Bitcoin short with 20× leverage at around $116,800 just before a surprise US tariff announcement. The subsequent price drop netted the trader $192 million in on-chain profits and triggered over $1.23 billion in liquidations across 6,300 accounts. Days later, the wallet opened another $163 million short at 10× leverage near $117,369. These high-leverage Bitcoin short trades expose the fragility of auto-deleveraging mechanisms under extreme market volatility and fuel concerns about insider knowledge and market manipulation. Traders should note the risks of policy-driven market swings and the need for greater transparency on DeFi platforms.

Web3 gaming platform SACHI has unveiled a streamlined three-tier token economy ahead of its upcoming Token Generation Event (TGE). The model includes Coins for casual play across slots, blackjack, roulette and daily challenges; Gems to unlock premium PvP events, tournaments, exclusive skins and seasonal passes; and $SACHI as the native governance token with voting rights, VIP access, staking rewards and market privileges. Built on Unreal Engine 5 with pixel streaming, SACHI requires no downloads or high-end hardware, lowering entry barriers for new and experienced crypto gamers. The pre-TGE rollout clarifies each tier’s utility from day one, reducing friction, boosting adoption and fostering community-driven governance. By balancing casual entertainment, premium thrills and long-term stakeholder value, SACHI aims to set a new standard in tokenomics for the Web3 gaming economy.

Mutuum Finance (MUTM) presale has entered Phase 6, raising $17.8 million with 74% of tokens sold at $0.035 each. Phase 7 price jumps 15% to $0.04, creating urgency for traders. The project’s dual-lending model merges P2P and peer-to-contract liquidity pools, supporting USDT and ETH collateral. Key features include revenue-funded token buybacks, mtToken staking rewards, an automated Liquidator Bot, and an over-collateralized stablecoin. The V1 lending protocol is slated for Q4 2025 on Sepolia Testnet. Early Phase 1 backers achieved 3.5× gains, and analysts predict a path to $1 based on organic demand and protocol fees. Community incentives such as daily leaderboards and a $100 000 MUTM giveaway have boosted engagement. Against meme coins like DOGE and SHIB, Mutuum Finance’s robust DeFi ecosystem positions MUTM for both short-term upside and long-term growth.

British Columbia’s Supreme Court has ruled that NDAX Canada is not liable in a C$671,000 Ethereum scam, affirming the limits of NDAX Canada liability when customers ignore clear fraud warnings. Registered with FINTRAC and compliant with AML/KYC rules, NDAX issued mandatory crypto risk disclosures, irreversible withdrawal reminders, a fraud-alert phone call, and final compliance confirmation, satisfying its duty of care. Justice Lindsay LeBlanc found these steps “as clear as they could be,” establishing a Canadian precedent that crypto exchanges meet their legal obligations through strong fraud warnings rather than blocking transactions. The ruling, following intensified AML enforcement—highlighted by a recent C$176.9 million fine on another firm—underscores the importance of regulatory compliance and user diligence against unrealistic investment returns.

Screx has launched an AI-powered DeFi integration platform that combines cross-chain swaps, staking, lending, farming, perpetuals, and escrow services into a single interface. Its Smart Routing technology analyzes multiple protocols and liquidity pools in real time to find the fastest, lowest-cost paths, while an AI Assistant simplifies complex blockchain operations and recommends cost-effective actions. The SCRX token presale on Gems.vip—which has facilitated over $200 million in Web3 fundraising—demonstrates strong investor confidence and meets operational and compliance standards. With open APIs and partnerships across EVM networks, Screx aims to streamline crypto transactions, reduce fees, and drive broader DeFi adoption for both retail and institutional traders.

Reserve Bank of Australia Governor Michele Bullock has unveiled a four-pillar plan to modernize the national payment infrastructure. The bank will replace its aging BECS system with 24/7 real-time payments by mid-2026. A roundtable will define the new infrastructure vision by late 2025 and an implementation roadmap by mid-2026. RBA is partnering with industry to cut costs and boost transparency in cross-border payments. It will invest in fraud prevention and upgrade card schemes with quantum-safe AES encryption. The plan also strengthens operational resilience amid rising digital currencies and lays groundwork for a potential central bank digital currency (CBDC). Despite digital trends, RBA will maintain cash circulation and explore new distribution models. Crypto traders should watch this payment infrastructure revamp for its impact on digital asset settlement and cross-border flows.

On October 23, 2025, former US President Donald Trump granted Binance founder Changpeng Zhao a presidential pardon, wiping out a $4.3 billion fine. This Binance pardon capped a 180-day campaign of compliance measures and strategic partnerships designed to rehabilitate Binance’s reputation and bolster market stability. In mid-September, CZ updated his Twitter bio to “@binance,” marking his official return to Binance leadership. Shortly after, Binance’s native token BNB gained listings on Coinbase and Robinhood. In Hong Kong, CZ forged alliances with Huobi’s Li Lin, Nano Labs’ Sun Yuchen and Kong Jianping, leading to a $100 million BNB treasury investment from HuaXing Capital and a co-launched compliance fund with YZi Labs. Licensed platform OSL also added BNB trading pairs. Further institutional backing arrived via a $2 billion commitment from Abu Dhabi’s MGX, settled in USD₁ stablecoin and integrated onto BNB Chain. Traders should watch BNB’s liquidity, US trading volumes and continued regulatory compliance for potential bullish momentum following this historic Binance pardon.

Ripple Swell 2025 will take place November 4–5 in New York City. Patrick J. Witt, executive director of the White House Digital Assets Council, will keynote Ripple Swell 2025. His involvement signals growing U.S. government recognition of digital assets and underlines Ripple’s expanding role in national finance. The agenda features Ripple execs Brad Garlinghouse, Chris Larsen and Monica Long alongside leaders from BlackRock, BNY Mellon, Kraken, Bitwise, Citi and Fidelity. Sessions will cover tokenization, payments, regulatory frameworks and institutional adoption. Traders should expect stronger XRP liquidity and market confidence as regulatory clarity improves.

Evernorth, backed by Ripple and founded by former Ripple executive Asheesh Birla, has built a 261.919 million XRP treasury worth over $639 million using on-chain purchases between Oct. 20–24, 2025. Key contributors include Chris Larsen (50M XRP), Ripple Labs (211.3M XRP), Uphold (199K XRP) and an address labeled Jana (300K XRP). The XRP treasury firm plans to merge with SPAC Armada Acquisition Corp II in Q1 2026. Post-merger, it will list on Nasdaq as XRPN and aims to raise $1 billion in cash—$200M confirmed from SBI, an optional $200M from Ripple and $600M from public investors—to acquire additional XRP within 10 days of closing. This SPAC-backed XRP treasury strategy could boost market liquidity and trader confidence. If fully deployed at current prices (~$2.41), Evernorth may accumulate 415–420 million XRP.

Stablecoin adoption is accelerating across Latin America as citizens seek to hedge against record inflation and sidestep inefficient banking. In Argentina, Venezuela, Bolivia and Mexico, daily use of dollar-pegged tokens like USDC and USDT has ballooned for payments, remittances and savings. On local exchange Bitso, stablecoin trades accounted for 39% of volume in 2024. Users also tap crypto-backed loans to finance vehicles and real estate. Blockchain-based tokenization of real-world assets (RWA) could unlock new capital, cutting issuance costs by up to 4% and trimming listing times by 90 days, according to Bitfinex Securities. High SWIFT remittance fees are driving remittance flows into crypto corridors. Meanwhile, Chainalysis ranks Latin America as the world’s seventh-largest crypto economy in 2023. These trends underscore stablecoin adoption and asset tokenization as pivotal tools for inflation hedging and financial inclusion in the region.

Dogecoin has tumbled more than 36% since its September peak, sliding from $0.3066 to near $0.1981. On the daily chart, the meme coin broke below an upward wedge and edges toward a death cross as its 50-day EMA nears a crossover under the 200-day EMA. Analysts warn that a fall below the $0.1515 support could trigger a further 22% drop. On the weekly timeframe, a bearish flag emerged after a steep fall from $0.4838 to $0.1295. A breach of the long-term $0.0570 level could push Dogecoin toward $0.0052, implying a 90% collapse. Fundamentally, demand is weak. The REX-Osprey DOGE ETF holds just $30.7 million in assets, with no ETF inflows and a 1.5% expense ratio. In contrast, the XRP ETF exceeds $100 million. Dogecoin futures open interest has plunged from $6 billion to $1.85 billion year-to-date. Meanwhile, $364 million in liquidations this month have added volatility and dampened trader confidence. With bearish signals dominating both technical analysis and ETF inflows, traders will monitor key levels—especially the $0.2150 pivot and $0.1515 support—for signs of stabilization or further decline.

Nevada regulators ordered Fortress Trust, now Elemental Financial Technologies, to cease operations on October 22 after uncovering a severe crypto liquidity crisis. The custodian faced a $12 million shortfall—owing clients $8 million in fiat and $4 million in crypto—while holding under $200,000 in cash and roughly $1 million in digital assets. It also failed to file quarterly reports from July to September, affecting over 250,000 users, including crypto firms and digital retirement accounts, and freezing all deposits and withdrawals. This crypto liquidity crisis, linked to prior management errors and past compliance failures, echoes the collapse of Prime Trust in 2023 and highlights mounting regulatory scrutiny on crypto custody. Traders should verify custodial solvency and transparency when selecting service providers.

Berachain has submitted BRIP-0007, which proposes a pre-confirmation layer delivering sub-second transactions by cutting block inclusion times from two seconds to about 200 milliseconds. By enabling sub-second transactions, the optional fast lane uses a lightweight sequencer to bundle transactions into partial blocks, providing near-instant feedback while retaining full finality on the standard two-second consensus cycle. If the sequencer falls out of sync, the network automatically reverts to its default block time to guarantee stability. This enhancement targets latency-sensitive applications such as DeFi swaps, DEXs, Web3 gaming and on-chain payments, making them as responsive as Web2 services. Drawing on Ethereum research and mirroring similar efforts like Base’s Flashblocks and Primev’s RPC upgrade, the proposal aims to boost user experience and network adoption without compromising security or consensus.

US Energy Secretary Chris Wright has urged FERC to fast-track grid access for large power users, particularly AI data centers and Bitcoin miners. Under the proposal, FERC would standardize high-voltage interconnection reviews and cap approvals at 60 days, down from the current multi-year timetable. Applicants must cover required network upgrades to secure direct transmission connections. Wright’s letter sets a response deadline of April 30, 2026. The plan targets rising energy demand and aims to boost grid resilience. CleanSpark CEO S. Matthew Schultz praised fast-track rules. He noted that flexible loads like Bitcoin mining can support stable electricity networks and enhance resilience. Traders should watch for reduced barriers to entry, shifts in energy costs, and potential growth in Bitcoin mining capacity. Improved grid access and sustainable electricity could attract more institutional investment and strengthen BTC’s market outlook.

Pave Bank, founded in 2023 by fintech veterans Simon Vans-Colina, Salim Dhanani and Dmitry Bocharov, has raised $39 million in a Series A funding round led by Accel and Tether Investments, bringing its total capital to $45 million. The Singapore-based digital bank offers programmable banking solutions that integrate crypto and fiat services via APIs and smart contracts. Institutional clients can automate payments, transfers and treasury management on the platform. Operating under a Georgian banking license, with headquarters in Singapore and an office in London, Pave Bank plans to expand into the UAE, Hong Kong and the European Economic Area. This Series A funding underscores growing institutional demand for programmable banking and highlights sustained investor confidence in blockchain banking infrastructure.

Australia leads the world in crypto adoption per capita, with 74.63% token-related web traffic per billion people, according to Andreessen Horowitz data analyzing the top 30 non-Bitcoin tokens on CoinGecko. This outpaces South Korea (73.48%) and the UK (62.15%). Developed markets favour trading and speculation, while users in developing regions engage more in on-chain activities through mobile wallets. Statista projects the Australia crypto market will grow at a 19.85% CAGR to A$1.2 billion in revenue by 2026. Crypto adoption is set to reach 11.16 million users, or 41% of the population. Younger investors drive this trend: 40% of Gen Z and Millennials regret missing early crypto investments, says a Swyftx survey. Factors include a tech-savvy population, accessible exchanges and clear regulations. Platforms like Gemini are expanding in response to evolving policy, underscoring market maturity and long-term bullish sentiment for the Australia crypto market.

Binance Alpha will list the APRO token (ticker: AT) on October 24 at 18:00 (UTC+8) and launch an AT token airdrop for eligible users. To participate, users need at least 220 Alpha points to claim 200 AT tokens on a first-come, first-served basis. The airdrop threshold drops by 15 points each hour until all tokens are claimed. Each claim consumes 15 points, and users must confirm their claim within 24 hours on the Alpha event page or forfeit it. This phased AT airdrop aims to boost platform engagement and trading volume by rewarding active traders. Crypto traders should monitor the AT token airdrop schedule and adjust their Alpha points holdings to maximize participation and capitalize on potential market movements.

On October 24, 2025, a 14-year dormant Satoshi-era Bitcoin wallet that originally mined about 4,000 BTC in 2009 and consolidated its balance in June 2011 moved 150 BTC (worth roughly $16 million). On-chain analytics firm Glassnode notes that only a handful of pre-2011 wallets reactivate each year. While a revived Satoshi-era Bitcoin wallet often spurs market sentiment, 150 BTC is trivial compared to Bitcoin’s daily trading volume above $20 billion. Analysts attribute the transaction to security upgrades, modern wallet migrations, or estate planning, rather than imminent selling. Bitcoin has been consolidating around $110,000 after a record high of $126,000 triggered $19 billion in liquidations. Historical transfers from ancient wallets in 2021 and 2023 showed no lasting price impact. Traders should monitor on-chain flows and exchange inflows for concrete sell signals but avoid overreacting to isolated ancient wallet movements.

At block height 920,440 on Thursday at 19:32 UTC, an independent miner using an Umbrel-hosted Public Pool solo mined a block via Bitcoin solo mining, earning a 3.125 BTC block reward plus 0.016 BTC in fees (approx. $347,000). This Bitcoin solo mining achievement underscores self-sovereignty and network decentralization by showing small-scale operators can rival industrial ASIC farms. The rise of pocket-sized, open-source miners priced at $155–600 per TH/s further democratizes hashing power and challenges closed-source rigs.

Coinbase CEO Brian Armstrong says the RFIA crypto bill has secured strong bipartisan support in the Senate, resolving 90% of markup disputes after roundtables with Democrats and Republicans. A leaked proposal to regulate DeFi platforms was dismissed as “not serious,” keeping the focus on centralized intermediaries to avoid stifling DeFi innovation. The draft RFIA crypto bill is expected within weeks, with a committee vote before Thanksgiving and likely Senate passage in December. Armstrong compares its impact to the GENIUS Act stablecoin framework, forecasting a surge in USD-backed stablecoin adoption and crypto payment activity, reinforcing the US dollar’s global role. Traders and 50 million US crypto users should monitor these developments for potential market shifts.

Ethereum is under renewed short-term selling pressure, with exchange netflows turning positive at +3,000 ETH, signaling heightened token deposits onto trading platforms. Derivatives open interest has stabilized at $19–20 billion after falling from a $27 billion peak following the October 10 liquidation, reflecting a cautious, deleveraged market and a funding rate that briefly dipped negative. On-chain data shows Ethereum’s realized price support at $2,300 and an MVRV ratio of 1.67, indicating holders are moderately profitable and market fundamentals remain intact. Price action hinges on key levels: resistance near $3,800 and the critical $3,400 support zone, which traders should watch for potential breakouts or breakdowns. In the medium term, institutional interest from T. Rowe Price’s planned multi-coin ETF, likely to include ETH, underpins bullish sentiment, though near-term volatility risks persist if netflows continue.

Bitcoin surged over 2% to trade above $111,000, reaching $111,189 after US President Trump granted a pardon to Binance founder Changpeng Zhao (CZ). The news, coupled with a rally in US equities, bolstered crypto markets. Ether (ETH) climbed 3.6% to $3,976, Dogecoin (DOGE) rose 3.3%, Cardano (ADA) gained 3.5%, Solana (SOL) jumped 5.4% to $194.09, and BNB increased 5.2% to $1,141.84. Traders view the pardon as a signal of friendlier US regulatory policy. Market focus now shifts to the US September Consumer Price Index (CPI) report—the last major data point before the Federal Reserve’s upcoming rate decision. Investors fully price in a 25 basis point cut at next week’s Fed meeting and another cut in December. According to QCP Capital, a moderate CPI print (e.g., +0.2% month-on-month) would reinforce Bitcoin’s upward momentum, while a hotter-than-expected CPI could trigger a broader risk-off reaction.