Crypto News

Republican redistricting may fail to deliver the expected gains in the US House ahead of the 2026 midterm elections. More than a dozen districts were redrawn to improve Republican prospects, but some now lean Democratic or remain too close to call, potentially complicating the party’s bid to retain control of the House. Prediction markets reflect the uncertainty. The probability of Republican House odds reaching 12% by October 31 was reported at 7%, down from 8% a day earlier. Traders will watch district ratings, court rulings on maps, special elections and national political developments for signs that redistricting is—or is not—shifting the race.

Solana is faster and has outperformed Ethereum over the past six months, but Ethereum remains the larger and deeper market. Multicoin Capital co-founder Kyle Samani predicts SOL will surpass ETH in market value this cycle, arguing that Ethereum’s lead is largely supported by its stablecoin base. The valuation gap remains substantial: as of Oct. 24, Ethereum’s market capitalisation was about $288 billion, compared with Solana’s $60 billion. Ethereum also had roughly $49 billion in total value locked and $144 billion in stablecoins, versus Solana’s $6 billion and $16 billion. Solana led 30-day fee revenue at about $26 million, ahead of Ethereum’s $17 million. Both cryptocurrencies are trading below their 50-day moving averages, with bearish momentum indicators. ETH is near $2,350 and remains just above its 200-day average around $2,320. SOL is near $102, holding above its 200-day average around $98. SOL’s key support is near $97.45; a break could expose the $78 area. Ethereum’s next support levels are around $1,940 and $1,850. For traders, reclaiming the 50-day averages would ease selling pressure. A close below the 200-day averages would worsen the outlook, with Solana facing the larger potential downside gap. The article suggests Ethereum currently has the steadier technical floor, while neither asset has confirmed a recovery.

Middle East tensions remain high despite a pause in direct US-Iran strikes, according to the article. It reports intensified Houthi attacks on Saudi oil infrastructure and a record number of very large crude carrier (VLCC) attacks and maritime incidents in the Strait of Hormuz in October, raising concerns about oil supply chains. US military deployments and increased Patriot missile shipments to Israel are cited as signs that hostilities could resume after the US midterm elections. A renewed conflict could disrupt energy supplies, damage regional infrastructure and heighten global recession risks. The article also warns that depleted US reserves and low European gas stocks could leave energy markets more vulnerable. For traders, the key risks are a geopolitical risk premium in oil and broader volatility across risk assets, including cryptocurrencies.

The Federal Reserve kept interest rates at 3.75%–4.0%, as expected, and major US stock indexes ended modestly higher. The Dow rose 0.19%, the Nasdaq gained 0.28% and the S&P 500 added 0.27%. The muted response to the Fed rate decision came despite two FOMC members voting for a 25-basis-point increase. CME FedWatch put the probability of a December hike at 82.6%, up from 78.3% the previous day. Oil also rose, with WTI crude up 2.51% to $102.44 a barrel amid escalating Middle East tensions, but stocks showed little reaction. Oracle climbed 10.7% after forecasting at least $225 billion in fiscal 2030 revenue and limiting planned capital-market funding to $20 billion through 2030. Wendy’s gained nearly 15% after a reported $1.4 billion proposal to take the company private. After the close, Ford fell 2.6% after missing earnings expectations. Microsoft rose nearly 4% after beating estimates, while Alphabet dropped 9.4% as stronger revenue was offset by a sharp decline in cash flow. Overall, the calm response to the Fed rate decision suggests traders had largely priced in the unchanged rates, while December rate expectations remain a key market focus.

Onchain Lens reported that wallets associated with BlackRock’s IBIT Bitcoin ETF bought a total of 3,441.176 BTC from Coinbase Prime. The purchase was valued at about $276.7 million. The reported transaction highlights activity involving a major spot Bitcoin ETF, although the data alone does not confirm net investor inflows or indicate what prompted the purchase.

CVNA rose 11.0% in one hour and 10.0% over 24 hours, reaching 65.15 USDT, according to MSX.COM data cited by Odaily. The report provides no explanation for the move. CVNA is the ticker reported; the article does not identify it as a cryptocurrency.

Alphabet reaffirmed its fiscal 2026 capital expenditure guidance of $195 billion to $205 billion, maintaining the range it raised in July. The plan is aimed largely at AI infrastructure: about 60% is allocated to servers and AI accelerators, with the rest for data centres and networking. Spending is rising alongside rapid Google Cloud growth. Q3 cloud revenue increased 103% year over year to $30.71 billion, and its backlog exceeded $500 billion. But free cash flow was negative for a second consecutive quarter, with a $9.07 billion outflow in Q3. Alphabet’s AI capex reflects strong demand for computing capacity, while raising questions about returns on investment and when cash flow will recover.

Google’s Anthropic TPU deal will give the AI company access to about 3.5 gigawatts of next-generation TPU capacity from 2027. Broadcom will co-design and supply future TPUs, networking and rack components for Google through 2031. A $63 billion financing package, Project North Star, is intended to fund Anthropic’s TPU purchases. Anthropic’s S-1 filing projects more than $114 billion in spending with Google and lists $417 billion in total future compute commitments. The company reported an annualised revenue run-rate above $30 billion in April 2026, up from about $9 billion at the end of 2025. The Google-Anthropic TPU deal strengthens Google’s position as an external AI-compute supplier and gives Broadcom long-term business visibility. For traders, it highlights the scale of AI infrastructure investment, but does not directly change cryptocurrency supply, demand or market structure.

Google says its visual search tools now handle more than 50 billion searches a month, as users increasingly search with images, video and voice rather than text. The figure covers Google’s visual search experience overall, not just Google Lens. Google Lens recorded 3 billion monthly searches in 2021 and 12 billion in 2023. Forecasts for Lens alone are estimates, not confirmed results. Google says about 20% of Lens visual searches show commercial intent, creating potential opportunities for shopping ads. Its Shopping Graph contains more than 50 billion product listings. The growth reflects Google’s investment in AI and multimodal search. For Alphabet, visual search could broaden its advertising and shopping business, but the commercial value depends on how effectively it monetizes these queries. Investors will be watching AI Mode usage and whether purchase intent rises. The news is relevant to technology and advertising markets, with no direct cryptocurrency catalyst.

Ethereum (ETH) rebounded after briefly falling below $2,300 and was trading near $2,350. Analysts say a move above the key $2,400 resistance could open the way towards $2,440, though a bullish breakout is not yet confirmed. One analyst forecast a short-term rise to $3,600. Persistent selling may limit the Ethereum recovery. A wallet linked to the Ethereum Foundation sold 2,785 ETH for about $6.42 million, while another Foundation-linked investor sold 7,594 ETH, worth roughly $17.8 million. A long-dormant early investor also sold 1,500 ETH and reportedly still holds 48,500 ETH. BitMEX co-founder Arthur Hayes sold 6,400 ETH, part of about $22.28 million in altcoins sold earlier this month. For traders, $2,400 is the near-term level to watch. Continued large-holder sales could weigh on sentiment and make the rebound harder to sustain.

Upwind Security raised $400 million in a Series C round led by Bessemer Venture Partners, valuing the cloud and AI security startup at $3.8 billion. That is about 2.5 times its January valuation of $1.5 billion. Canapi Ventures joined the round, while existing investors also participated. Upwind Security said revenue quadrupled in 2026, but did not disclose figures. The company plans to use the funding to expand product and engineering teams and develop AI-focused security tools, including endpoint sensors and scanners for AI agents. It also aims to expand into identity, data and AI security. Founded in 2022, Upwind says it has raised more than $800 million and serves hundreds of organizations. Its platform monitors cloud workloads, APIs and AI agents as they operate, across major providers including AWS, Azure, Google Cloud and Oracle Cloud.

The Euro Stoxx 50 rose above 6,200 points to 6,203, gaining 0.6% over 24 hours, according to Gate data. The move reflects a modest advance in the European equity benchmark. The report did not identify a specific catalyst, and it provided no direct information about cryptocurrency prices or trading.

US Treasury Secretary Scott Bessent said Operation Economic Outcast, a campaign targeting Iran’s economic networks, is succeeding. Launched on August 24, 2026, the effort aims to disrupt Iranian oil exports, its shadow fleet and financial channels. The Treasury has recently sanctioned vessels and entities linked to Iran, saying the measures are constraining the country’s revenue. The statement could add to geopolitical uncertainty, but the article cites no direct effect on cryptocurrency prices or trading. It also reports that prediction-market odds of Iranian President Masoud Pezeshkian leaving office by year-end were about 7.5%. Traders may watch for further sanctions, Iranian responses and shifts in regional tensions, which could affect broader risk sentiment and oil markets.

Microsoft reported $10 billion in revenue from its commercial agreements with OpenAI in fiscal Q1 2027, the quarter ended September 30. The figure was up from the $7.5 billion to $7.6 billion recorded in earlier quarters. Microsoft’s total revenue rose 19% year over year to $92.3 billion, while Microsoft Cloud revenue grew 30% to $63.9 billion. The results reflect payments under the partnership’s previous terms. A new agreement, signed after the quarter closed, includes an additional $250 billion commitment by OpenAI to buy Azure services. Microsoft’s commercial remaining performance obligations reached $677 billion, with OpenAI a major driver. Microsoft also holds an approximately 27% stake in OpenAI’s for-profit entity, valued at about $135 billion.

The US Federal Reserve kept interest rates unchanged after September’s first hike since mid-2023. Two of the 12 policymakers dissented, voting to raise the benchmark rate to 4%-4.25%. Fed Chair Kevin Warsh cited resilient economic activity and said inflation remains above the committee’s goal, while stressing that policy decisions are not tied to a specific date and that politics played no role. Bitcoin fluctuated between about $79,500 and $81,700 around the meeting, then rebounded above $81,000 after Warsh’s press conference. The Fed’s pause offered near-term support to Bitcoin, but persistent inflation and the possibility of another rate increase could keep crypto markets volatile.

Bitcoin search interest reportedly fell to a five-year low as BTC traded near $81,000, renewing questions about retail participation. Google Trends recorded a worldwide score of 20 for the week of October 18–24, but Google cautions that the index measures relative search interest, not actual search volume or investor sentiment. Robinhood reported third-quarter crypto revenue of $120 million, down 55% year over year. Crypto trading volume fell 38% year over year to about $50 billion, though it rose 23% from the previous quarter. The results cover the quarter ended September 30 and therefore do not directly measure activity during the later search-interest decline. Other indicators offer a mixed picture. CryptoQuant analyst Darkfost said retail-sized Bitcoin deposits to Binance reached a six-month high, with 30-day cumulative inflows increasing from about $5.5 billion to $10.75 billion. Galaxy Research, meanwhile, could not attribute ownership for roughly 11.1 million BTC, or 55% of supply, so the data do not establish how many coins belong to retail investors. Taken together, the figures point to weaker public attention but do not confirm a broad retail exit. Search data, exchange deposits and company earnings measure different activity and should not be treated as direct measures of Bitcoin demand.

An attacker drained about $1.01 million in USDC from an Avalanche lending vault on 27 October using a flash loan to inflate tranche shares. Security firm Blockaid said the vault was related to Valinor Digital and Fence, but neither had commented. The operator, number of affected depositors and prospects for recovering funds remain unclear. The exploit adds to concerns about Avalanche security, though the loss is limited in size. AVAX traded near $8.86 and has fallen about 19% over the past month. It is below its 50-day and 200-day moving averages, with support near $8.26; a break could expose $7.04. AVAX needs to reclaim the 200-day average and resistance near $9.76 to improve its chart outlook. LINK traded near $11.55, down about 18% over the past month. It remains above its 200-day average near $11 and support around $10.91, making its technical setup stronger than AVAX’s. A close below that support zone could open a move toward $9.75. Both tokens face weak momentum, so traders are watching whether support holds.

Credo Technology Group (CRDO) is expanding beyond its existing connectivity business with optical cables, open optical standards and memory connectivity chips. The article forecasts 55% annual revenue growth over the next three years, with opportunities extending beyond fiscal 2028. However, Credo faces significant risks: its two largest customers generate 71% of revenue, leaving sales exposed to uneven data-centre spending and a potential slowdown in Amazon’s infrastructure investment. Building inventory ahead of an optics production ramp could also weaken cash conversion, while expectations of higher interest rates add pressure. CRDO trades at about 20.19 times forward earnings, near multi-year valuation lows, but falling earnings forecasts make the discount less compelling. The article also points to possible technical weakness, citing resistance and bearish engulfing patterns on the weekly chart. Its overall view is that Credo is not yet an attractive buy.

Axios reports that potential US strikes against Iran after the US midterm elections could target the country’s leadership. The report provides no further details on timing, scope or official confirmation. Any escalation in US-Iran tensions could raise geopolitical risk and affect global markets, including crypto.

Trezor software product lead Denis Rojčyk says AI agents may prepare crypto transactions but should not sign or execute them autonomously. Speaking at TOKEN2049 on October 7–8, 2026, he argued that users should approve every transaction with a hardware wallet. Trezor devices currently require manual approval and do not support autonomous AI signing. The approach differs from MetaMask’s Agent Wallet, which allows agents to act within rules set in advance, without hardware confirmation for every transaction. Trezor’s position keeps a person involved at execution, aiming to limit risks from faulty agents, manipulated data or software vulnerabilities. The debate highlights a key trade-off for AI crypto wallets: convenience and automation versus user control and transaction security.

Michael Burry has warned that Anthropic’s IPO filing highlights vulnerabilities in the AI industry, including large computing commitments and complex financial arrangements. The article says Anthropic, the company behind Claude, is preparing for a possible Nasdaq listing at an estimated valuation of $1.5 trillion to $2 trillion. The filing reportedly shows $16.3 billion in revenue for the first half of 2026, alongside substantial operating and net losses. The figures raise questions about the cost of scaling AI and whether revenue can support the sector’s heavy infrastructure spending. Anthropic’s IPO prospects, valuation and regulatory progress may influence investor sentiment towards AI companies. The article cites prediction-market odds that reflect expectations of a listing, but these are not guarantees.

Canadian Trenton Johnston received a time-served sentence in Miami after pleading guilty to conspiracy to commit money laundering in a cryptocurrency scheme involving more than $13 million in stolen funds. Prosecutors said participants impersonated Google and Trezor support staff to gain access to victims’ accounts and crypto wallets. A California resident lost 185 BTC, worth nearly $13 million at the time, and another victim lost about $41,000 in ETH. Johnston surrendered about $3.8 million in Bitcoin and Ether and provided what prosecutors called substantial assistance in investigations involving other suspects. A witness also told investigators that Johnston demonstrated his theft methods over Discord. The case highlights the risks of support impersonation and social engineering, but is not, by itself, a broad market-moving event.

US Treasury Secretary Scott Bessent told Ripple’s Swell conference on Oct. 27 that stablecoins could become an important source of Treasury funding. He said more than 90% of stablecoins are dollar-pegged and mostly backed by Treasuries, but gave no estimate of potential funding. Ripple also announced partnerships and product developments involving Robinhood, BNY and its RLUSD stablecoin. However, RLUSD adoption does not automatically translate into demand for XRP. XRP traded near $1.32, down about 13% over 30 days. Its MACD has turned upward, suggesting selling pressure may be easing, but resistance around $1.40 and $1.49 remains. Support is near $1.25; a break could expose $1.05. Cardano (ADA) traded near $0.20, down about 20% over the month. Its momentum indicators remain weak, and support at $0.19 is only a cent below its price. A break could put $0.17 in view. XRP therefore has a relatively stronger setup, but both tokens remain in monthly downtrends. The stalled CLARITY Act and uncertain timing of any stablecoin-related benefits are important limits on the positive outlook.

Sam Bankman-Fried answered questions from Anthony Boyle, the actor portraying him in Netflix’s upcoming series, The Altruists. Boyle contacted the former FTX CEO in prison while preparing for the role, seeking to understand what drove him to become a billionaire and make the decisions he did. The series is expected to focus on Bankman-Fried’s relationship with Caroline Ellison, who led FTX-affiliated trading firm Alameda Research. Bankman-Fried was convicted on seven felony counts tied to the misuse of FTX customer funds and sentenced to 25 years in prison. Ellison, who reached a plea deal with US authorities, was released in January after serving more than a year. Former FTX COO Constance Wang said the screen portrayal made her feel physically upset and described Bankman-Fried as more socially awkward than Boyle’s depiction. The Altruists is among the first major TV or film dramatizations of the FTX collapse. The series could renew public attention on the FTX scandal and Sam Bankman-Fried, but the report describes no new developments in the case or crypto markets.

Anthropic filed an S-1 registration statement on October 26, 2026, beginning the process of a planned Nasdaq listing. The filing is not considered a direct catalyst for the Anthropic AI Lab Ecosystem ETF (ANTW), while the iShares A.I. Innovation and Tech Active ETF (BAI) offers more modest direct exposure. The analysis prefers BAI over a 12-month horizon, citing stronger liquidity, broader exposure to the AI supply chain and less reliance on the success of individual projects. ANTW’s performance is more dependent on suppliers linked to Anthropic and whether they can turn contracts into free cash flow and attractive returns on capital. Both ETFs face risks from sector concentration, valuations and infrastructure execution. Key watchpoints include semiconductor exposure for BAI and contract conversion for ANTW. The article does not provide Anthropic’s proposed ticker symbol.

Version v0.42.6 includes two fixes. The mempool change honors the reactor’s queueing function and uses non-blocking sends in CAT. The RPC core change cancels event-write contexts for each delivery rather than for an entire subscription. These updates focus on software reliability and event handling; the release notes do not identify a direct market or token-price catalyst.

Bitcoin Core has reportedly identified three vulnerabilities, according to Bitcoin News on X. One could let an attacker remotely crash nodes by exhausting memory on Windows, macOS and BSD; Linux nodes are not affected by this specific attack. A second vulnerability could gradually drain node memory, while a third could corrupt blockchain undo data. The report does not say whether any of the flaws have been exploited or provide details on fixes. Bitcoin Core node operators should monitor official updates and apply security patches when available.

Anthropic’s S-1 filing warns that local moratoriums on new data centers could delay the AI company’s expansion. Community opposition, environmental scrutiny and regulatory delays may also prevent projects from being built or powered, a significant risk given Anthropic’s heavy infrastructure commitments and US concentration. The filing cites at least $417 billion in minimum compute and data center payment obligations as of the end of 2025; broader cloud and leasing commitments put the total above $542 billion and potentially as high as $808 billion. Anthropic reported first-half 2026 revenue of $16.3 billion and net losses of $80.7 billion. Its planned hybrid strategy, including dedicated facilities through Anthropic Direct and international expansion, aims to reduce dependence on major cloud providers and US-based infrastructure. The prospectus was submitted to the SEC on October 26, 2026, as the Claude maker prepares for a potential IPO.

Anthropic’s S-1 filing identifies US data center moratoriums as a major risk to its growth, warning that restrictions could limit the facilities needed to expand computing capacity. The company has about $417 billion in compute-related commitments, with some further capacity arrangements still awaiting final pricing. Officials in 16 states are considering moratoriums amid concerns about electricity-grid strain and environmental impacts. The disclosure highlights how data center moratoriums and access to power could constrain AI infrastructure growth, although Anthropic’s expansion in Australia and Canada may offer alternatives.