Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

BitDegree has partnered with Ogvio to launch a play-to-earn Bank-Free Transfers mission, guiding users through no-bank and cross-border payments. Participants must join the free Ogvio waitlist and complete all mission rounds by November 23, 2025, to enter a lucky draw sharing a 100 USDC prize pool, with ten winners receiving 10 USDC each. Completing tasks also awards up to 1,800 Bits, BitDegree’s internal points, which count toward the Season 8 $15,000 airdrop running until November 30, 2025. Collecting 10,000 Bits secures automatic airdrop entry, and additional Bits can be earned via extra tasks and referrals. This Bank-Free Transfers mission reinforces BitDegree’s hands-on Web3 education approach and offers stablecoin incentives to boost user engagement.

MegaETH public sale launches Oct 27 for 72 hours via an English auction on Echo’s Sonar, offering 500 million MEGA tokens—5% of the 10 billion supply. Bids range from 2,650 to 186,282 USDT on Ethereum, with a fully diluted valuation (FDV) spanning $1 million to $999 million. Accredited U.S. investors must accept a one-year lock-up in exchange for a 10% discount, while non-U.S. participants can opt into the same terms. A prior Echo sale attracted more than 3,000 investors, including Dragonfly, ConsenSys founder Joseph Lubin and Vitalik Buterin. Premarket MEGA-USD perpetual futures on Hyperliquid imply roughly a $5 billion FDV and $17 million volume, suggesting the MegaETH sale is heavily underpriced. Polymarket forecasts an 89% probability the FDV will exceed $2 billion within 24 hours of the mainnet launch. The underpricing strategy aims to reward early backers, foster community growth and drive a rapid price re-rating post listing. Traders should watch auction bids and post-sale futures for entry points ahead of MegaETH’s mainnet debut.

Stablecoins reached a record $46 trillion in onchain transaction volume in 2025, according to a16z’s State of Crypto report. After filtering out bot activity and artificial inflation, net volume totaled $9 trillion—more than five times PayPal’s annual transfers. The total supply of stablecoins surpassed $300 billion, with USDT and USDC accounting for 87% of circulation. These tokenized U.S. dollars now represent over 1% of all physical U.S. dollars in circulation. Ethereum and Tron blockchains processed 64% of settlement volume, while stablecoin issuers held more than $150 billion in U.S. Treasury debt. Active monthly crypto users jumped from 40 million to 70 million. Network capacity has scaled to 3,400 transactions per second. This surge marks a shift from speculative trading to real-world finance and mainstream payments. Traders should monitor ongoing stablecoins integration into DeFi and traditional finance platforms.

An AWS outage in the US-EAST-1 region on October 20, 2025, triggered a major DNS glitch that took down Infura and leading services such as Coinbase, MetaMask, and multiple Layer-2 networks (Polygon, Optimism, Arbitrum, Base, Linea and Scroll). Within minutes, Ethereum RPC access failed, halting transactions and DApp interactions despite Bitcoin, Ethereum and Solana block production remaining intact. The incident exposed crypto infrastructure centralization: 37% of Ethereum nodes rely on AWS and three cloud providers control over 63% of global market share, making DNS and API gateways single points of failure. Similar to April’s AWS outage that disrupted Binance and KuCoin, this latest AWS outage underscores repeated centralization risks. Decentralized or multi-cloud strategies (Filecoin, Arweave, Akash Network, ICP) offer greater resilience but face cost and complexity barriers. Traders should monitor potential shifts toward resilient infrastructure as user confidence may waver.

Bitcoin price has formed a bear flag on the daily chart following its fall from a $126K all-time high, flagging a potential 19% sell-off to $88,100 if the $107,500 support level breaks. Momentum indicators such as the RSI at 42 underscore the bearish bias, while on shorter timeframes a similar pattern points to an immediate drop toward ~$98,000. Glassnode’s supply quantile cost basis model warns that slipping below the $108,600 quantile could accelerate Bitcoin price losses toward $97,500. Traders highlight key support at $111,000 and $107,000; a daily close under these zones could open the path below the $100,000 mark. Conversely, reclaiming and holding above $111,000 may restore bullish momentum and invalidate the bear flag setup. Market participants are closely monitoring these support levels to gauge the next significant move in Bitcoin price.

Reform UK has begun accepting crypto donations, receiving undisclosed contributions at a London conference. Nigel Farage denied direct firm donations but positions the party as a champion of digital assets. Reform UK plans to introduce the Crypto Assets and Digital Finance Bill to cut cryptocurrency capital gains tax from 24% to 10%, ban bank account closures over legal crypto transactions, and establish a Bitcoin reserve at the Bank of England. Farage criticized proposed stablecoin limits and CBDCs as threats to innovation and freedom. Despite holding only five parliamentary seats, Reform UK leads in polls ahead of 2029, underscoring growing political engagement with crypto in the UK. Traders may see this as positive momentum for crypto donations and regulation, boosting market sentiment.

Binance will suspend CTK deposits and withdrawals from 20:00 UTC on October 24, 2025 to support Shentu’s hard fork upgrade at block height 26,267,300, expected by 21:00 UTC. CTK transfers on the Shentu network will pause, though Binance spot trading remains unaffected. Users should complete any CTK deposit or withdrawal requests beforehand. Deposits and withdrawals will resume once network stability is confirmed. The upgrade aims to enhance Shentu performance and transaction security. Crypto traders should monitor official channels and adjust positions to manage risks during the upgrade.

XDC Ventures, the investment arm of the XDC Network, has acquired Contour Network to drive tokenized trade finance. The deal merges Contour’s global banking consortium—formerly backed by HSBC, Citi and Standard Chartered—with XDC’s Ethereum-compatible Layer-1 blockchain, offering two-second settlement and ISO 20022 messaging. Under the revamped strategy, the platform will digitize letters of credit using smart contracts and stablecoin payments such as USDC. XDC aims to automate trade finance processes, reduce costs and enhance liquidity across global supply chains. XDC also plans to launch a Stablecoin Lab for pilot programs with banks and corporates in the US, EU and Asia. Observers view the acquisition as a major step toward broader institutional adoption of tokenized trade finance and real-world asset settlement, with the potential to save billions in annual financing expenses.

Bitwise CIO Matt Hougan highlights gold’s parabolic 57% surge in 2025, fueled by central bank purchases since 2022. Bitcoin, by contrast, has yet to see similar reserve‐asset adoption and remains stalled near $110,000 despite strong demand. Since the January 2024 launch of spot Bitcoin ETFs, institutional and corporate investors have acquired 1.39 million BTC—over four times the new supply—yet price‐sensitive holders selling into rallies have capped gains. Hougan draws a parallel: gold only went parabolic once short-term selling was exhausted. With ETF inflows and corporate treasury buying persisting, Bitcoin may be approaching a similar inflection point. Traders should study gold’s rally as a blueprint and stay patient as sell-side liquidity dwindles before a potential Bitcoin bull run.

Gold plunged over 6% in 24 hours after hitting a record $4,300/oz high, wiping out $2.1 trillion in market value as funds closed crowded long positions. COMEX open interest fell just 4% and gold ETF holdings remained steady, indicating a short-term correction rather than a systemic sell-off. Bitcoin rallied 5% to $113,800, driving its market cap back to $2.1 trillion as traders rotated into liquid, non-correlated assets. The BTC/gold ratio fell from 37 to 25. Institutional interest in Bitcoin futures rose 22% month-on-month, with 71% open interest held by institutions and $1.85 billion net inflows into BlackRock’s IBIT ETF this month. Options skew narrowed to –2%, reflecting reduced downside fear. With near-100% Fed rate-cut odds and a generational shift of wealth to crypto-savvy investors, Bitcoin’s role as a portfolio diversifier is strengthening. Traders should monitor Bitcoin ETF flows, futures open interest and volatility for short-term trading opportunities amid evolving liquidity cycles.

Bitcoin ETFs saw net outflows of $1.23 billion from October 13–17, followed by a further $101 million on October 22 as the BTC price tested key support around $107,000–108,000. BlackRock’s IBIT was an exception with $73.6 million inflows, while spot Ethereum ETFs recorded $18.7 million in outflows despite modest inflows into ETHA. Analysts attribute the ETF outflows to macroeconomic uncertainty stemming from US tariff news and a looming government shutdown. BTC has failed to reclaim the $113,000 level and now trades near $110,000 amid mounting selling pressure. On-chain data from CryptoQuant highlights a mid-term support zone at the 3–6 month UTXO realized price of $108,300, while Glassnode reports that BTC has slipped below the short-term holders’ cost basis ($113,100) and the 0.85 quantile ($108,600), indicating demand exhaustion. Long-term holders are also distributing over 22,000 BTC daily. Options markets show rising put demand, higher implied volatility, and sustained open interest, pointing to a defensive positioning among traders. Analysts warn that without renewed institutional inflows, BTC may consolidate below $110,000. A successful defense of the $108,000 support zone, underpinned by resumed Bitcoin ETF inflows, could stabilise the market and set the stage for a recovery in November.

Web3 is at a critical inflection point driven by regulatory clarity, maturing blockchain infrastructure, and growing institutional participation. Approved crypto ETFs and stablecoin legislation have unlocked capital inflows. Ethereum and Layer-2 networks like Base and BNB Chain have proven their resilience. Centralized exchanges such as Binance and Coinbase are migrating core services on-chain. Binance’s BNB Chain now integrates PancakeSwap and Venus, while Coinbase’s Base network supports Avantis DEX. This shift blurs DeFi and CeFi boundaries. Platforms like Robinhood and Kraken further merge stock and crypto trading. Emerging compliant exchanges (e.g., HashKey) signal deeper fiat on-ramps. Public chains still offer selective upside for traders. Prioritize sustainable on-chain business models and avoid high-risk tokens, leverage, and debt-based products. Focus on projects with strong fundamentals to capitalize on mass Web3 adoption. This is a pivotal opportunity for Web3 traders.

Solana Mobile’s first Web3 phone, the Saga, launched in May 2023 at $1,000 and aimed to capture the emerging mobile crypto market. Sales reached only 20,000 units, below the 50,000 goal, due to high-end hardware costs and the collapse of partner OSOM. Without ongoing device support, Saga phones lost firmware updates and security patches. A surprise in late 2023: each Saga shipped with 30 million BONK tokens, triggering an airdrop-driven arbitrage that pushed sales up to 25,000 in 48 hours. In January 2024, Solana Mobile introduced its second-generation Web3 phone, the Seeker, priced at $450–500. The Seeker features improved hardware, SeekerID authentication, an upgraded dApp store and developer incentives. Early-bird discounts and planned SKR token airdrops generated over 150,000 preorders, equating to $67.5 million in anticipated revenue. While Seeker’s price cut and token model enhanced its appeal, traders will watch whether the new Web3 phone delivers genuine security benefits and sustained user engagement beyond speculative airdrops.

According to the Blockchain Gaming Alliance report, stablecoins USDT and USDC are emerging as the primary financial infrastructure in the $350 billion gaming market. By eliminating price volatility, these stablecoins enable fixed in-game prices, faster payouts, and seamless cross-platform asset transfers. Major platforms like Roblox and Fortnite already benefit: the top 10 Roblox creators earn an average of $38 million annually using fixed-value systems. In contrast to speculative tokens that suffered crashes (e.g., Axie Infinity), stablecoins combine fiat stability with blockchain transparency, supporting scalable, player-centric economies. Emerging gaming-focused stablecoins such as Sui’s Game Dollar are on the horizon. Although venture capital funding in blockchain gaming reached $129 million in Q3 2025 (YTD nearly $300 million), total investment trails 2024’s $1.8 billion. The shift toward stablecoins signals a new growth phase for decentralized gaming and may drive broader crypto adoption.

Galaxy Digital CEO Mike Novogratz warned that the Bitcoin price rally to $250,000 by year-end is unlikely without unprecedented catalysts. At current levels near $107,600, Bitcoin price needs a 133% surge in ten weeks. Novogratz expects a range-bound market between $100,000 support and $125,000 resistance. Breaking above $125,000 may spark a sustained uptrend, but traders should watch two key catalysts: a Federal Reserve policy shift or passage of the CLARITY Act. While bulls like Tom Lee and Arthur Hayes remain optimistic on higher targets, analyst PlanC cautions against relying solely on statistical peaks. Crypto traders should monitor these technical levels and regulatory signals to adjust their strategies.

KuCoin has launched its KuPool mining pool, integrating dedicated Dogecoin (DOGE) and Litecoin (LTC) pools with its exchange and KuMining platform. The KuCoin mining pool uses the PPLNS reward system and charges a 2% fee for DOGE and LTC mining, with a 0.5% fee set for the soon-to-launch Bitcoin (BTC) pool due later this month. Miners connect via the Stratum protocol and access a web-based dashboard with real-time hashrate, payout stats, and a built-in profit calculator. By offering competitive fees, GPU and ASIC compatibility, and unified trading and mining tools, KuPool aims to attract solo miners and boost network liquidity. Traders should watch for shifts in DOGE, LTC, and BTC hash rates and coin supply dynamics as KuPool scales.

Public companies are ramping up BNB treasury strategies amid rising institutional confidence in Binance Coin (BNB). Applied DNA Sciences raised $27 million—$15.3 million in cash and USDE stablecoins plus $11.7 million in OBNB Trust units—and added 4,908 BNB directly, boosting its indirect holdings to about 10,647 tokens. A day earlier, CEA Industries bought 500,000 BNB at roughly $870 each and plans to hold 1% of BNB’s total supply by year-end. Bloomberg reports China Renaissance’s Huaxing Capital is exploring a $600 million fund to build a U.S. BNB treasury. BNB overtook XRP to become the third-largest crypto by market cap on October 7 and hit a $1,370 all-time high on October 13. Following a $19 billion liquidation event, BNB stabilized near $1,080 after Binance’s $400 million relief package and BNB airdrop. The trend of corporate BNB acquisitions signals a bullish outlook as firms seek yield and diversification.

Google’s quantum chip, Willow, has achieved a verifiable quantum advantage. Running the new Quantum Echoes algorithm, it processes tasks 13,000× faster than the world’s leading supercomputer. A task needing 3.2 years on Frontier now completes in two hours. This quantum computing breakthrough sets a milestone in cryptography. In theory, an advanced quantum chip could crack Bitcoin’s ECDSA encryption by deriving private keys from public keys. Michigan professor Christopher Peikert warns of a 5% long-term threat probability once practical quantum machines emerge. Experts note real-world quantum processors remain experimental. Transitioning Bitcoin to post-quantum cryptography would counter risks but requires larger keys, bigger transaction sizes and slower processing. For now, traders should track quantum computing and post-quantum cryptography developments. Immediate impacts on Bitcoin prices are unlikely.

Eight Senate Democrats have asked U.S. Special Envoy Steve Witkoff to detail his crypto stakes in World Liberty Financial (WLFI) and the USD1 stablecoin. According to their October 31 deadline letter led by Senator Adam Schiff, Witkoff divested real estate but retained WLFI and USD1 positions even as he helped negotiate a $2 billion UAE crypto deal. Lawmakers warn these crypto stakes may breach federal ethics rules and pose a conflict of interest, especially given the timing of the UAE investment and the Trump family’s involvement. The probe underlines growing scrutiny of digital-asset ethics and could influence regulatory oversight of stablecoins and token issuers.

Ex-RWA Company executive Max Glass has filed a stablecoin lawsuit in Delaware Chancery Court. He claims M0 founders Gregory DiPrisco and Joseph Quintilian coerced him into signing away his rights. Glass alleges they diverted a joint RWA–CrossLend project into M0 without his consent or profit share. M0 now powers MetaMask’s mUSD. The platform has issued $325 million in stablecoins and raised $100 million from investors including Polychain and Ribbit. Glass is seeking damages, restitution, rescission of his termination and an injunction on transfers of ownership. Known for authoring the Maker Improvement Proposal behind a $100 million USDS loan, Glass’ stablecoin lawsuit highlights governance risks in asset-backed stablecoins. Traders may reassess real-world asset platforms amid growing legal scrutiny.

Binance Alpha will list Meteora (MET) at 2025-10-23 21:00 Beijing time, opening spot trading on its Alpha platform. To boost liquidity and adoption, Binance Alpha is hosting a dynamic MET airdrop: users with at least 226 Alpha points can claim 32 MET tokens on a first-come, first-served basis. Unclaimed quotas will reduce the point threshold by 15 points every hour until the event ends. Traders should monitor the airdrop requirements and act quickly, as falling thresholds may accelerate claims and trigger early volatility. This listing and airdrop could drive short-term price swings and provide strategic entry before public trading begins.

According to a16z’s latest report, stablecoin transactions surged 87% year-on-year to $9 trillion in the past 12 months, and $46 trillion unadjusted. Stablecoins now hold over $150 billion in U.S. Treasuries—making them the 17th-largest holder of U.S. government debt—and represent more than 1% of the U.S. dollar supply on public blockchains. Institutional adoption is accelerating. BlackRock, Visa, Fidelity, JPMorgan Chase, Citigroup and Morgan Stanley are expanding crypto services. Fintech leaders such as Stripe, PayPal and Robinhood are also onboard. Improved blockchain throughput—networks now exceed 3,400 transactions per second—supports fast, low-cost dollar transfers. Regulatory clarity from the U.S. GENIUS Act and a forthcoming U.K. framework further bolsters confidence. The rise of spot ETFs for BTC and ETH, alongside monthly users rising to 40–70 million, signals deeper mainstream integration.

Asia markets traded mixed as the US weighs broader tech export restrictions to China, mirroring Beijing’s recent rare-earth curbs. These tech export restrictions have raised policy uncertainty that may disrupt supply chains, pressure tech stocks and ripple into risk assets, including the crypto market. In Japan, expectations of a large fiscal stimulus and a steady BoJ interest rate drove the yen to eight-month lows and pulled equity indexes down. Chinese shares stayed subdued amid trade tensions, while Indian equities rose on stronger US–India trade ties, higher foreign inflows and a firmer rupee. Traders now await key US inflation data and the Federal Reserve meeting for cues on global liquidity, borrowing costs and short-term volatility in cryptocurrencies.

Bitcoin miners’ debt has climbed from $2.1 billion to $12.7 billion over the past year as firms race to expand hashrate and build AI and HPC hosting services. VanEck analysts Nathan Frankovitz and Matthew Sigel warn of a “melting ice cube” risk: miners could lose global hash rate share and Bitcoin rewards without fresh capital. After the 2024 halving cut block rewards to 3.125 BTC, public miners raised $4.6 billion in debt in Q4 2024 via convertible and senior secured notes. Notable deals include Bitfarms’ $588 million convertible note, TeraWulf’s $3.2 billion senior secured bonds, and IREN’s $1 billion convertible offering. This debt-driven strategy shifts funding from equity to predictable cash flows from AI hosting, lowers capital costs, boosts hashing capacity, and strengthens network security. Traders should monitor miner leverage and funding costs, which could affect Bitcoin supply dynamics and market volatility.

Coinbase Payments MCP integrates AI agents with crypto wallets and payment rails. The protocol, built on Base and integrated with Cloudflare’s x402 framework, allows LLMs to create wallets, fund fiat on-ramps and perform on-chain stablecoin payments via natural-language commands. Developers can deploy locally and customize spending limits, while users benefit from email-based wallet creation and a secure desktop interface. Launched under Coinbase’s 2025 blockchain-AI convergence strategy, Coinbase Payments MCP aims to power “agentic commerce” by standardizing AI-driven DeFi and payment services. Traders should monitor stablecoin demand and new AI-powered financial protocols. The streamlined access and programmable controls could accelerate on-chain payments and reinforce Coinbase’s leadership in programmable finance.

Bitcoin price is poised to fall below the key $100,000 level this week, driven by renewed US–China trade tensions and risk-off sentiment. Standard Chartered’s digital assets research head Geoffrey Kendrick calls the pullback a healthy market correction and possibly the final buy-the-dip opportunity in this bull cycle. Three indicators support his view: capital flows shifting from gold into Bitcoin, with the gold–BTC correlation climbing above 0.85; the Federal Reserve’s likely pause on quantitative tightening, which could boost liquidity for risk assets; and Bitcoin’s hold above its 50-week moving average around $101,700–$102,500, providing technical support. Kendrick maintains a Bitcoin price target of $200,000 by year-end and sees potential to $500,000 by 2028. Any drop below $100,000 should be viewed as a buying opportunity, not a trend reversal.

Onchain Lens data shows a newly created wallet performed significant OKX ETH withdrawals, moving 11,860 ETH over three days and a further 8,491 ETH in two hours on October 23. The combined 20,351 ETH outflow (~$78.27m at current prices) ranks among OKX’s largest recent single-entity withdrawals. Such OKX ETH withdrawals often reflect whale accumulation or transfers to self-custody, tightening exchange supply. The unknown identity behind the withdrawals adds uncertainty and potential volatility. Crypto traders should monitor on-chain activity, order book shifts, and subsequent exchange flows to assess impact on ETH’s short-term momentum and longer-term market stability.

Sean “Diddy” Combs has filed a formal notice of appeal against his 50-month prison sentence and $500,000 fine for two counts of transportation for prostitution. Acquitted of related racketeering and sex-trafficking charges, Diddy appeals both legal and factual errors in the split verdict. The Diddy appeal highlights ongoing legal scrutiny and recalls his DIDDY meme token investment, which briefly peaked at a $180 million market cap. While sharing a cell block with former FTX CEO Sam Bankman-Fried at the Metropolitan Detention Center, Diddy expressed remorse for his actions during sentencing. For crypto traders, the Diddy appeal and DIDDY meme token mention are unlikely to alter short-term market trends.

Gold suffered its steepest two-day drop since 2013, plunging 8% and wiping out $2.5 trillion in market value. Swiss investor Alexander Stahel attributed the crash to FOMO-driven buying followed by mass profit-taking and forced sell-offs. Meanwhile, Bitcoin fell 5.2% intraday before closing down 0.8%, even as Bitcoin spot ETFs attracted $142 million in inflows. The Crypto Fear & Greed Index slid to its lowest level since December 2022, signalling extreme market fear. Deutsche Bank analysts highlighted that both digital and traditional safe-haven assets remain vulnerable to sudden reversals. Traders should watch gold volatility and the Fear & Greed Index as key indicators of risk sentiment and potential trading opportunities.