Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

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.

Bitcoin extended losses after breaking below the bear-flag support on its 4-hour chart, dropping under the 20- and 50-period EMAs and signaling a potential move toward $98,000. Resistance at $109,000–$110,000 must hold to stem further declines. A whale transferred 5,252 BTC (about $588 million) of Bitcoin to Coinbase, Binance and Kraken, and opened $234 million in short positions on Hyperliquid at an average of $111,190 per BTC. Blockchain analysts link the wallet to former BitForex CEO Garrett Jin, though his role is unconfirmed. Traders should monitor large Bitcoin exchange inflows and bearish technical setups for near-term price action.

Lawmakers and industry executives clashed over the CLARITY Act’s DeFi KYC mandate after a leaked Democratic proposal required platforms to obtain licenses and meet KYC/AML rules. Public backlash prompted warnings that protests could delay the market structure bill, targeting enactment by 2026. The dispute coincides with the fourth week of the US government shutdown, stalling crypto market regulation. Supporters, including Rep. Bryan Steil and adviser Kevin Hassett, remain optimistic the CLARITY Act will pass post-shutdown through standard procedures.

Wealthy Bitcoin holders have shifted over $3 billion from self-custody wallets into spot Bitcoin ETFs, led by BlackRock’s iShares Bitcoin Trust (IBIT). A recent SEC rule change allows physical creations and redemptions, enabling investors to swap Bitcoin for ETF shares without triggering taxable events. This structure reduces capital gains distributions, enhancing tax efficiency for long-term holders. The move marks a shift from self-custody towards regulated Bitcoin ETFs, driven by tax advantages and improved institutional infrastructure. For traders, this rising Bitcoin ETF inflow boosts market liquidity and price support, presenting a bullish outlook for Bitcoin markets.

Bitcoin filled the $107K CME futures gap this week, rebounding near $106K before volatility surged ahead of the US September Consumer Price Index (CPI). Data from Cointelegraph Markets Pro and TradingView show BTC/USD failed to hold above resistance amid a stronger US dollar index (DXY) and a pullback in gold. Analyst Daan Crypto Trades confirmed the CME gap closure but warned of continued choppy trading and possible dips toward $100K if support breaks. With limited US data this week, Friday’s CPI has become the key macro trigger. Trading firm QCP Capital noted that a softer-than-expected 0.2% month-on-month print could bolster the soft landing narrative, improve liquidity expectations and reinforce Bitcoin’s upside skew. Until clearer inflation and rate signals emerge, traders should watch US CPI, DXY trends and CME gap levels for short-term trading signals.

Hollywood filmmakers are leveraging film tokenization and SEC-exempt Reg CF crowdfunding to open production financing to non-accredited investors. Directors like Robert Rodriguez ($2M from 2,000 fans), Pressman Film ($2M slate, blockchain dividend payouts in six months) and Eli Roth ($5M cap) exemplify this trend. This model issues security tokens on blockchain rails for transparent profit-sharing and secondary trading, while preserving IP rights and positioning films as accessible alternative assets. For crypto traders, film tokenization signals growing real-world asset adoption and could drive demand for security tokens.

US officials are weighing broad software export controls on China as leverage after Beijing’s rare earth export curbs. Under the proposed software export controls, products reliant on US-developed software—including laptops, jet engines and advanced electronics—would face new export licensing. President Trump and senior cabinet members signal possible G7 coordination, but no policy is finalized, with Treasury Secretary Scott Bessent confirming all options remain under review. Equity markets briefly dipped—S&P 500 down 0.5%, Nasdaq off 1%—before rebounding. Analysts warn that enforcing software export controls could backfire on US tech firms, disrupting global semiconductor and battery supply chains. Crypto traders should track US-China trade tensions, evolving software export controls, and tech sector volatility for potential impacts on cross-border flows and digital asset stability.

Liechtenstein has unveiled the state-backed Liechtenstein Trust Integrity Network (LTIN), a sovereign blockchain network operated by Telecom Liechtenstein under its Blockchain Act. The sovereign blockchain platform aligns with EU MiCA standards, offering compliant transaction, validation and identity services for institutions. Early partners include Bank Frick, Bitcoin Suisse, Zilliqa (ZIL), Solstice Labs, with INACTA, LUKSO (LYX), QPQ and the Swiss Subnet (AVAX) contributing to development. LTIN pledges 100% renewable energy and leverages a public–private model to reduce compliance risks and extend telecom services into distributed ledger technology. This launch positions Liechtenstein as a leader in blockchain governance and institutional trust.

Forward Industries has launched a 25-member Solana advisory board to guide its corporate treasury strategy, following its recent acquisition of about 6.8 million SOL and a $4 billion at-the-market offering. The Solana advisory board includes ecosystem pioneers such as Helium founder Amir Haleem, Backpack CEO Armani Ferrante, Drift Labs co-founder Cindy Leow, Superstate CEO Robert Leshner, and Gauntlet founder Tarun Chitra, alongside Galaxy Digital executives Harry Austin and Michael Marcantonio, with board observers Saurabh Sharma and Chris Ferraro. Supported by the Solana Foundation, Galaxy Digital, Jump Crypto, and Multicoin Capital, the board will oversee strategic SOL token purchases and disciplined treasury management to boost the SOL-per-share metric. This move underscores growing institutional confidence in Solana’s scalability and governance. SOL currently trades around $179.58, down 6.4% intraday and 7.7% weekly; analysts point to key support levels at $172–$168 and note that a break below could push prices toward $160, while a recovery above $195 may signal a bullish reversal for the token.

Tesla reported an $80 million fair value gain on its 11,509 Bitcoin holdings in Q3. This uplift raised its crypto valuation to roughly $1.35 billion. Under new FASB accounting rules, gains and losses on crypto assets are recognised quarterly. The EV maker posted revenue of $28.1 billion, beating the $26.36 billion estimate, while adjusted EPS of $0.50 missed the $0.54 forecast. Adjusted EBITDA reached $4.3 billion. Tesla held $41.6 billion in cash and equivalents at quarter end. After hours, TSLA shares dipped slightly to about $434. Traders should note how Bitcoin volatility now directly impacts Tesla’s earnings under updated crypto accounting standards.

Ocean Protocol is accused of secretly selling community OCEAN tokens worth $120 million, converting 661 million OCEAN into 286 million FET in July. Approximately 90 million FET were moved to GSR Markets, while 196 million FET were distributed across 30 new addresses by August 31. By October 14, nearly all 270 million FET had been transferred into Binance and other OTC channels. On October 9, Ocean Protocol abruptly exited the ASI Alliance without disclosing these token movements. Fetch AI publicly labeled the sale a “rug pull” and offered a $250,000 bounty to expose OceanDAO signatories. Ocean Protocol’s CEO denied any wrongdoing and pledged a formal response. The episode highlights concerns over on-chain transparency, FET liquidity, and potential price pressure. Traders should monitor FET price action, balance sheet flows, and regulatory scrutiny as market sentiment may shift.

Binance USDC inflows have totaled $1.8 billion in three days—its largest stablecoin surge since September 2024—driven by daily deposits of $658 million (Oct 14), $401 million (Oct 16) and $767 million (Oct 17). This surge in Binance USDC inflows coincides with the exchange’s stablecoin-to-BTC ratio falling to 0.8149, a historic accumulation signal. Overall exchange stablecoin reserves climbed to $66.2 billion, led by USDC and USDT balances, now accounting for nearly 30% of on-chain volume YTD and over $4 trillion annual flows. Regulatory moves such as the US GENIUS Act, Hong Kong Stablecoin Bill and EU’s MiCA further support stablecoin adoption. Traders monitor these metrics for potential Bitcoin buying opportunities amid rising liquidity and looming volatility.

OpenAI CEO Sam Altman has secured nearly $1 trillion in AI compute infrastructure commitments from Nvidia, Oracle, SoftBank, AMD, Broadcom and Microsoft to support its $500 billion Stargate data-center network. Major deals include a $100 billion Nvidia agreement, a $300 billion Oracle contract, stock-for-compute pacts with AMD and Broadcom and Microsoft’s $80 billion data-center expansion. These AI compute partnerships, targeting 250 GW capacity by 2033, have driven a $630 billion surge in partner market values. Altman’s early crypto investment background informs this aggressive GPU buildout strategy. For crypto traders, the expanded compute capacity signals potential demand in blockchain networks and AI-powered DeFi applications, boosting chipmakers and cloud service tokens. While skeptics warn of an AI compute bubble, the scale of these deals suggests sustained growth potential across tech and crypto sectors.

Mercer Park Opportunities Corp. has agreed to a $300 million SPAC merger with Cube Group, Inc., creating Cube Exchange Inc., a hybrid digital asset platform. Ahead of closing, Cube Exchange will allocate $500 million to a Solana treasury. This pre-closing purchase of SOL tokens aims for 7–9% annual staking yields while boosting on-chain liquidity. The platform will integrate TradFi and DeFi services—spot trading, custody, derivatives, hybrid banking, asset management, and corporate treasury—to attract both institutional and retail users. After obtaining TSX qualifying transaction approval, prospectus clearance, and completing an audit by Q1 2026, Cube Exchange plans dual listings on Nasdaq and the Toronto Stock Exchange. The Solana treasury will generate passive income and improve liquidity. Enhanced fair-value accounting for digital assets simplifies reporting and underscores the trend of corporate crypto treasuries.

At its first Payment Innovation Summit, the US Federal Reserve unveiled a slimline master account to give crypto and fintech firms direct access to Fed rails like Fedwire and FedNow. The summit’s panels covered stablecoin regulation, tokenization, DeFi integration, and AI-driven agent payments. Chainlink (LINK) highlighted interoperability standards. Executives from Circle (USDC) and Paxos (PAX) reported that USDC supply surged to $65 billion after the GENIUS Act. ARK Invest and Google Cloud explored programmable stablecoins for AI agent commerce. Traders saw Bitcoin (BTC) climb 2% on Waller’s comments, reflecting crypto’s rising legitimacy. The Fed’s Payment Innovation Summit signals clearer regulatory paths, lower costs for payment firms, and faster adoption of compliant digital assets.

XRP price declined 0.83% over the past 24 hours to $2.3973, as sellers maintain control. On the hourly chart, XRP nears local support at $2.3639; a break below could drive it down to $2.35. Trading volume remains subdued across time frames, limiting volatility and suggesting a consolidation phase. Analysts expect XRP to trade sideways between $2.35 and $2.50 in the short to mid term. Without significant volume spikes or market catalysts, traders should watch the $2.36 support level and volume trends for potential breakouts. Overall, low momentum from buyers and sellers points to a neutral outlook for XRP price.

Senate Democrats led by Adam Schiff have launched an ethics probe into Trump’s crypto empire and envoy Steve Witkoff’s personal holdings. In a letter signed by eight senators, they question discrepancies between Witkoff’s May claim of full divestment and his August disclosures showing retained stakes in crypto firms tied to the UAE and World Liberty Financial. The senators flag a $2 billion MGX-to-Binance investment using WLFI’s USD1 stablecoin and cite Financial Times data that Trump-linked ventures earned over $1 billion last year. They argue that Witkoff’s ongoing crypto interests pose a conflict of interest with his diplomatic role in the Middle East. A response is due by October 31. The probe into Trump crypto empire could signal potential regulatory changes for Binance and stablecoins.

XRP burn rate has collapsed over 80% from August peaks above 4,500 to about 741 XRP per day as of Oct. 21, marking the lowest deflationary metric since Q3. On-chain data from CryptoQuant shows daily burns fell from 2,500–8,300 in Q1 to near-zero levels in Q3 amid Bitcoin’s surge past $110,000. Recently, XRP burn rate dipped further to 178 XRP on Oct. 18, despite an intraday price high of $2.37. The burn decline signals weakening transaction volume and reduced deflationary pressure. XRP price slid to $2.40, down 0.6% daily and 15.5% monthly. Technical charts show a lower-high pattern. Key support at $2.00 is at risk if on-chain activity stays low. Traders should monitor XRP burn rate, on-chain metrics and network adoption. Without fresh catalysts like regulatory clarity or institutional partnerships, XRP may struggle to reclaim the $3 resistance.

Asia-Pacific stock exchanges have tightened listing rules to curb the crypto treasury trend in corporate IPOs. Hong Kong’s HKEX rejected at least five “cash company” applications under its digital-asset limits. India’s BSE blocked an IPO linked to crypto, and Australia’s ASX bars firms holding over 50% in cash-like assets. MSCI’s proposal to exclude high-reserve firms from global indices adds further pressure. Traders are now steered toward regulated crypto ETFs for secure digital-asset exposure. Japan’s JPX remains permissive, with 14 Bitcoin holders still listed. These moves reflect growing regulatory caution around crypto treasury strategies and could weaken BTC liquidity and sentiment.

The NHL has signed multiyear licensing agreements with Kalshi and Polymarket prediction markets, marking the first time a major US sports league allows official NHL trademarks—including team names, logos and terms such as “Stanley Cup”—outside traditional sportsbooks. Kalshi, regulated by the CFTC, can offer markets in all 50 states, while Polymarket, a blockchain-based platform backed by a $2 billion ICE investment, brings decentralized finance to sports betting. These NHL prediction markets deals position Kalshi and Polymarket as direct competitors to DraftKings and FanDuel. After the announcement, shares of Flutter Entertainment and DraftKings fell amid investor concerns over lost market share. The NHL prediction markets partnership reflects a strategic push into event-based derivatives to boost fan engagement and open new revenue streams. Long term, this move could accelerate institutional acceptance of decentralized finance products, increase on-chain trading volumes, and reshape the sports betting landscape.

At the Fed’s Payments Innovation Conference, Governor Christopher Waller proposed new “skinny master accounts” to give eligible fintechs and stablecoin issuers direct access to Fedwire and ACH. These accounts let firms hold reserves with the Fed, bypass intermediary banks and accelerate settlement from days to seconds. The framework excludes interest on balances and discount-window privileges but could unlock billions in tokenized asset flows and overcome persistent crypto debanking challenges. By connecting stablecoin platforms directly to U.S. payment rails, the proposal aims to lower costs, boost efficiency and integrate TradFi with DeFi. The initiative has entered a public comment phase as the Fed seeks feedback on modernizing its payment infrastructure.

Russia’s Finance Ministry and Central Bank have officially legalized cryptocurrency payments for foreign trade, formalizing the use of digital assets in cross-border transactions. The move recognizes ruble-backed stablecoins, notably the A7A5 stablecoin that has already facilitated over $15 billion in sanctioned-linked deals, and integrates cryptocurrency into international commerce under a clear legislative framework. Under the new policy, regulators will strengthen oversight of crypto flows to mitigate risks such as money laundering and sanctions evasion while maintaining economic efficiency and a fair business environment. Russian holders currently control over 2.5 trillion rubles in cryptocurrency, reducing reliance on foreign currencies. Balanced regulations are expected by 2026, underscoring Russia’s strategic embrace of digital assets in its economic operations and signaling a more transparent landscape for traders and institutions.

On October 21, the Ethereum Foundation transferred 160,000 ETH (about $654 million) to a wallet previously used for large token sales. Arkham Intelligence flagged that the receiving address had funneled ETH to exchanges like Kraken and SharpLink Gaming, triggering speculation of a liquidation. However, co-Executive Director Hsiao-Wei Wang clarified that the transfer was a scheduled wallet migration, not a sale. The Ethereum Foundation has been streamlining operations amid governance reforms and staffing cuts. It now limits ETH liquidations to under $10 million to fund research and grants. The move coincided with US spot Ether ETFs suffering $145 million in net outflows on October 20 and nearly $500 million over two weeks. After peaking near $4,959 in August, ETH now trades around $4,000, testing $3,900 support. Analysts note that a sustained close above $4,100 could reignite a bullish run to $5,800. The Ethereum Foundation still holds roughly $827 million in tokens, mainly ETH, along with BTC, BNB and ARB.

OpenAI has launched ChatGPT Atlas, an AI-native browser currently available on macOS that integrates ChatGPT directly into new tabs for instant queries, real-time filtering and split-screen page summaries. The traditional address bar is replaced by an AI sidebar, and a Browser Memory feature tracks history to offer personalized recommendations and automate repetitive tasks. A premium Agent Mode lets the AI autonomously control the keyboard and mouse to complete complex actions—such as shopping on Etsy, Shopify or booking trips via Expedia and Booking.com—demonstrated in a full Instacart grocery purchase. Facing rivals like Perplexity’s Comet and Google’s Gemini assistant, ChatGPT Atlas aims to challenge Google Chrome’s 70%+ market share and could disrupt online advertising if monetized, though lack of plugin support and entrenched user habits remain hurdles.

Japan’s new prime minister, Sanae Takaichi, announced a ¥3.5 trillion stimulus package on Oct. 22, offering electricity and gas subsidies and regional grants to ease household and SME inflation pressures. The move pushed the yen to a one-week low and sparked expectations of renewed Bank of Japan quantitative easing ahead of its Oct. 29 policy meeting. BitMEX co-founder Arthur Hayes forecast that increased money supply could propel Bitcoin to $1 million, driving demand for crypto as an inflation hedge. Meanwhile, large investors are opening leveraged long positions on Bitcoin via decentralized exchange Hyperliquid, with whale wallets “0x3fce” and “0x89AB” depositing $49.7 million and $14 million respectively. Traders should watch for BOJ signals and whale activity as potential catalysts for Bitcoin’s next major move.

Top crypto picks 2025 spotlight three tokens: LILPEPE, CREPE and REAL. LILPEPE is a meme-coin presale token priced at $0.0022, with $26.3 million raised and 95% sold. Its Layer 2 network, zero buy-sell tax, sniper-bot protection and community giveaways fuel strong momentum, targeting up to 5000% gains on exchange listings. CREPE trades at $0.000045 as a high-volatility microcap token, offering 50x–100x upside on new listings. REAL, a metaverse token at $0.0027, aims for steady 5x–10x growth through renewed tokenized asset demand. As top crypto picks 2025, these coins show varied risk profiles. Traders should monitor liquidity, listing events and community metrics to balance potential returns with risk.

BlackRock has launched its iShares IB1T Bitcoin ETP on the London Stock Exchange, giving UK retail investors regulated access to spot bitcoin through ISAs, SIPPs and brokerages. The physically backed Bitcoin ETP is custodied by regulated entities like Coinbase and tracks spot bitcoin prices without direct crypto ownership. A promotional fee of 0.15% applies until 31 December 2025, rising to 0.25% thereafter. The launch follows the FCA’s reversal of its ban on retail crypto products, allowing bitcoin ETP trading on FCA-approved exchanges. Competitors such as 21Shares, Bitwise and WisdomTree have also listed low-cost bitcoin and Ethereum ETPs on the LSE, intensifying fee competition. For BlackRock—manager of over $13 trillion and issuer of the $90 billion US spot bitcoin ETF—the IB1T launch deepens its digital asset suite and is expected to support market stability amid renewed institutional inflows.