Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Ethereum Fusaka upgrade entered its third and final testnet phase with the activation of the Hoodi network on October 29, following Holesky and Sepolia tests. Developers now await a mainnet fork at least 30 days later, targeting December 3. The Ethereum Fusaka upgrade bundles over a dozen EIPs to boost scalability, security and cost efficiency. Key proposals include EIP-7594 (Peer Data Availability Sampling or PeerDAS), allowing validators to verify data fragments instead of full blobs to reduce bandwidth and costs for nodes and Layer-2 networks; EIPs 7825 and 7935 adjust gas limits for parallel execution; and EIPs 7939 and 7951 enhance performance and zero-knowledge proof support. After the December 3 activation, blob capacity increases are set for December 17 and January 7, 2026. Client teams report smooth performance on Hoodi. Ethereum developers are already planning the next Surge roadmap phase, “Glamsterdam,” to further improve parallel execution and ZK rollups. Market observers note that successful deployment may reinforce confidence in Ethereum’s long-term scalability and support ETH price above $4,000, although ETH traded below this level after a 3% dip in 24 hours.

World Liberty Financial’s WLFI airdrop distributes 8.4 million WLFI tokens, worth approximately $1.2 million, to early participants in its USD1 Points Program. The WLFI airdrop rewards users who traded USD1 stablecoin pairs or held USD1 balances on Gate.io, KuCoin, MEXC, LBank, Flipster and HTX Global. Each exchange uses its own rules to calculate points and disburse tokens. Eligible traders should check individual timelines and requirements. The program aims to boost USD1 adoption and expand DeFi features, with future updates adding more platforms and reward mechanisms. Upcoming developments include real-world asset tokenization and a planned USD1 debit card in late 2025. WLFI trades at $0.14 with a $3.8 billion market cap, down 70% from its September peak. Traders can plan strategies around token vesting schedules and potential market impact.

Ethereum Fusaka Upgrade passes final testing on the Hoodi testnet and is scheduled for mainnet launch on December 3. The upgrade bundles EIP-7594, introducing Peer Data Availability Sampling to reduce validator bandwidth by allowing verification of data samples instead of full blobs. It also includes EIP-7825 and EIP-7835 to raise gas limits and optimize transaction throughput. With larger blob capacity, the Ethereum Fusaka Upgrade supports higher data volumes per block, lowering gas costs and speeding confirmations, while remaining backward compatible and requiring no changes from end users. By enhancing zero-knowledge rollups and laying the groundwork for parallel smart contract execution, the Ethereum Fusaka Upgrade tackles scalability challenges and strengthens network efficiency. The rollout will occur in three stages: initial mainnet deployment, activation of increased blob capacity, and a subsequent hard fork to expand data handling. For traders, these improvements may boost DeFi activity, reduce transaction fees, and reinforce Ethereum’s edge against faster layer-1 rivals, suggesting a bullish outlook for ETH.

SharpLink Gaming, the second-largest corporate ETH holder with 859,853 ETH (US$3.57 bn), has launched a multi-year strategy to allocate $200 million of its ETH treasury (5.6% of holdings) to ConsenSys’ Linea zkEVM Layer-2 network. The deployment will leverage DeFi protocols ether.fi and EigenCloud AVS for staking and restaking to generate competitive, risk-adjusted ETH yield and benefit from Linea’s incentives. Anchorage Digital Bank will serve as custodian under an institutional-grade framework. This initiative marks one of the largest corporate DeFi yield deployments to date. The move follows ETHZilla’s $100 million ether.fi allocation, the Ethereum Foundation’s 45,000 ETH DeFi deployments, and comes as major exchanges like Coinbase and Crypto.com integrate Morpho-based DeFi strategies, underscoring growing institutional confidence in Layer-2 networks. This ETH yield deployment underscores institutional demand for scalable, high-return strategies on Layer-2 networks.

ClearBank has partnered with Circle to integrate Circle Mint and join the Circle Payments Network (CPN), enabling approved firms to mint and redeem USDC and EURC on-chain. This move makes ClearBank one of the first EU banks on CPN, paving the way for faster, low-cost stablecoin payments and cross-border transfers. Both USDC and EURC meet EU MiCA regulations, with Circle certified as MiCA-compliant in July 2024. ClearBank’s cloud-native platform will leverage CPN for stablecoin-based treasury solutions, tokenization services, and digital asset settlement. The partnership builds on Circle’s recent USDC and EURC listings on Deutsche Börse’s 3DX exchange. As regulators embrace MiCA, this collaboration accelerates stablecoin payments and token adoption in Europe.

Mt. Gox has secured Tokyo court approval to extend its Bitcoin repayment deadline for creditors from October 31, 2025, to October 31, 2026. Rehabilitation trustee Nobuaki Kobayashi reports that base repayments, early lump-sum and intermediate phases are largely complete, but many creditors still await payments due to incomplete claims, administrative hurdles and technical delays. The extension allows late filers more time to finalize procedures. Mt. Gox collapsed in 2014 after security breaches and software bugs led to the loss of 650,000–850,000 BTC, of which around 200,000 BTC were recovered. The trustee currently holds about 34,690 BTC, down 75% from mid-2024 levels. Under the November 2021 rehabilitation plan, repayments may be issued at a significant discount to current Bitcoin prices, now near $114,813 (8.8% below its all-time high). Traders should monitor on-chain flows and court updates, as postponed Bitcoin repayments prolong uncertainty around large BTC distributions and could affect market liquidity.

IBM and Dfns have unveiled Digital Asset Haven, an enterprise crypto custody platform that manages tokenized assets across 40+ public and private blockchains. The SaaS solution integrates IBM Crypto Express HSM, Hyper Protect Virtual Servers and an automated Offline Signing Orchestrator for secure cold storage. Embedded policy enforcement and multi-party authorization workflows ensure regulatory compliance. Pre-integrated KYC/AML tools and REST APIs deliver seamless integration with core banking systems. Backed by Dfns’s $16 million Series A funding, Digital Asset Haven arrives as SaaS and Hybrid SaaS in Q4 2025, with on-premise support in Q2 2026. The platform targets regulated banks, governments and corporations for use cases spanning stablecoin settlements, central bank digital currency vaults and bank-led token services, marking a milestone in institutional blockchain infrastructure.

Robert Kiyosaki compares Ethereum at $4,000 to early-stage Bitcoin and adds ETH to his portfolio alongside gold, silver and BTC. He calls Ethereum “real money” thanks to its dual role as a store of value and a programmable platform powering DeFi, NFTs and smart contracts. Kiyosaki warns that fiat currencies lose purchasing power and urges investors to shift into scarce assets. He highlights Ethereum’s upcoming Proof-of-Stake upgrade and EIP-1559 fee burn, which aim to boost scalability and cut supply inflation. Critics note Bitcoin’s fixed 21 million supply versus Ethereum’s variable issuance, with some analysts equating $4,000 ETH to $24,000 BTC. Ethereum currently trades around $4,100 after a dip from its $4,900 high, up over 230% year-on-year. Traders should watch how these network and monetary policy changes impact ETH price and market dynamics.

Ant Group has filed a trademark application for Antcoin in Hong Kong through its Cayman Islands subsidiary. The application covers digital currency, blockchain, and stablecoin services. This move underscores Ant Group’s intent to expand into blockchain finance even as China intensifies its crypto crackdown. In earlier efforts, Ant Group halted stablecoin projects in Hong Kong, Singapore and Luxembourg after Beijing warned against privately controlled digital assets. The new Antcoin trademark signals long-term ambitions in virtual-asset products and prepares the ground for possible regulatory approval. Traders should watch China’s and Hong Kong’s regulatory landscape closely. A future Antcoin launch could reshape stablecoin markets and impact blockchain finance sentiment, offering potential trading opportunities if regulators ease restrictions.

Western Union is testing a blockchain-based on-chain settlement system using USD-pegged stablecoin to speed up cross-border remittances. The pilot processes transfers in under an hour and cuts fees by up to 50% by reducing correspondent banking. Serving over 150 million users in 200+ countries, it boosts transparency and liquidity management. The move follows the US GENIUS Act, providing a clearer framework for stablecoin issuers and lifting institutional confidence in digital payments. On- and off-ramps link fiat and stablecoin transfers, targeting high-inflation markets like Argentina and Venezuela to improve financial inclusion. With digital transactions at 55%, Western Union aims to capture more of the $800 billion annual remittance market as the stablecoin sector could reach $2 trillion by 2028.

Glassnode data shows a 62,000 BTC outflow from long-term wallets into liquid supply since mid-October, coinciding with Bitcoin’s fall from $125,000 to $115,000. This marks the first notable decline in non-liquid supply since H2 2025, reshaping market structure and boosting Bitcoin liquidity. Mid-sized holders (wallets with $10,000–$1 million) drove most of the selling, while whale addresses continued multi-million-dollar accumulation. Approximately 82.3% of circulating BTC remains in profit, limiting panic selling but highlighting stagnant new demand. With short-term momentum traders exiting and no fresh capital inflows, the surge in available supply may cap near-term price momentum. Longer term, Fidelity Digital Assets projects that by Q2 2032, 42% of Bitcoin supply will be illiquid, underlining ongoing scarcity. Traders should monitor Bitcoin liquidity trends, Glassnode non-liquid supply metrics, whale activity, and macro catalysts for potential breakout signals.

NYDIG research finds bitcoin isn’t a reliable inflation hedge, showing weak and inconsistent correlation with CPI and PPI. This challenges bitcoin’s role as an inflation hedge and highlights its evolution into a liquidity barometer that closely tracks US dollar movements and monetary policy. A falling dollar index and lower real interest rates tend to boost bitcoin, mirroring gold’s behavior during periods of easing monetary conditions. As bitcoin integrates further into traditional finance, its negative correlation with the dollar and sensitivity to money supply expansions are expected to strengthen. Traders should monitor dollar index trends, interest rate changes, and global liquidity to gauge bitcoin’s price movements.

MicroStrategy hedged inflation risks by steadily buying Bitcoin since 2020. On October 26, CEO Michael Saylor highlighted another “Orange Dot Day” chart on X, confirming the latest weekly purchase. Between October 13–20, MicroStrategy added 387 BTC at an average cost of $74,010 per coin. Its total holdings now stand at 640,418 BTC, valued at about $72 billion at current prices near $114,000. This represents a 53% gain since the initial acquisition program. October’s modest buys follow September’s larger accumulation of over 7,000 BTC. To date, the company has completed 83 purchase events. MicroStrategy’s disciplined Bitcoin strategy underscores rising institutional demand and offers a bullish signal for traders monitoring market stability.

Ethereum price extended its bullish run this week, first breaching a $3,900 intraday high on October 24 and then topping $4,000 on OKX by October 26. The Ethereum price jumped 0.59% to over $3,900 before surging 1.78% to $4,003.34, reflecting growing confidence in ETH amidst broader crypto market stability. Moderate trading volumes accompanied the rally, suggesting steady support around key levels. Traders will watch whether Ethereum price can hold above the $4,000 psychological threshold to confirm further upside potential, a signal of renewed bullish momentum that may attract additional buying interest.

JPMorgan Chase has upgraded Coinbase (COIN) from neutral to overweight, raising the price target to $404 and sparking a near 10% jump in shares. The bank cited new revenue streams from a future Base Layer-2 token—projected to tap a $12–34 billion market, with $4–12 billion accruing to Coinbase—and an updated USDC rewards program that limits high-yield interest to Coinbase One subscribers, possibly adding $374 million in annual net interest income. Analysts also note a Base DEX aggregator integration and strategic moves including the $375 million acquisition of Echo and partnerships with Google to expand regulated crypto fundraising and services. Ahead of Q3 earnings on October 30, consensus estimates are $1.06 EPS (+71% YoY) and $1.74 billion revenue (+44%), driven by stablecoin growth, subscription services and clearer regulation—boosting investor confidence in Coinbase’s long-term outlook.

Reddit has filed a lawsuit in Manhattan federal court against Perplexity AI, accusing the $20 billion answer engine of unauthorized data scraping. The complaint alleges Perplexity AI ignored robots.txt rules and Reddit’s API blocks, instead using third-party scrapers such as Oxylabs, AWM Proxy and SerpApi to collect user-generated content. To prove its case, Reddit created a hidden “digital trap” post accessible only via Google’s licensed search—and Perplexity’s tool reproduced the protected content within hours. Perplexity AI denies the allegations, stating it does not train models on scraped material and will defend open AI development. The lawsuit follows similar Cloudflare tests and underscores growing legal disputes over AI training data, content protection, and licensing in digital networks.

Polymarket has secured CFTC approval to relaunch its US app and plans to issue its native POLY token via an airdrop once the platform is live. The prediction market recorded $1.4 billion in trading volume last month and saw growth during the 2024 US election cycle. Polymarket aims to integrate genuine utility into the POLY token to support long-term value. Backed by a $2 billion investment from Intercontinental Exchange valuing it at $9 billion, the firm is now in talks for a new funding round at a $15 billion valuation. Traders should monitor the POLY token utility roadmap and regulatory progress, which could drive market interest and volatility.

Federal Reserve Governor Christopher Waller has proposed a new “skinny master account” framework for stablecoin issuers. Under the skinny master account proposal, eligible firms with a national trust charter or SPDI status could access Fed payment rails with capped, non-interest-bearing balances. These accounts would carry no daylight overdraft or discount-window privileges, isolating Fed balance-sheet risks. The initiative aligns with the GENIUS Act and mirrors narrow-bank models. It aims to integrate stablecoin issuers directly into U.S. payments infrastructure, reducing reliance on commercial bank partnerships. Industry experts, including Linda Jeng, support the move for enhanced dollar stability and oversight. The Fed plans to solicit stakeholder feedback before finalizing details. Traders can view this development as a boost to regulatory clarity and stablecoin adoption, potentially improving market stability.

Blockchain.com has obtained a Malta MiCA license from the Malta Financial Services Authority, unlocking EU passporting across all 27 member states. The MiCA license lets the firm expand brokerage, institutional services and self-custody wallets under a unified regulatory framework. Malta’s transparent crypto rules have attracted competitors like Kraken, Gate and Gemini to seek MiCA licensing on the island. However, regulators in France, Austria and Italy warn of uneven national supervision and urge stronger ESMA oversight to prevent forum shopping. Effective late 2024, MiCA sets common standards for stablecoins, exchanges and custodians to balance innovation with investor protection. Traders should monitor upcoming ESMA guidelines and national implementations to gauge market stability and compliance trends.

Kraken reported Q3 revenue of $648 million, up 114% year-on-year, with trading volume rising 106% to $561.9 billion. Adjusted EBITDA reached $178.6 million, lifting profit margins to 27.6%, while assets under custody climbed 89% to $59.3 billion and funded users hit 5.2 million. Growth was driven by strategic acquisitions, including Breakout, the launch of its US derivatives arm offering CME-listed crypto futures, and a tokenized securities platform for European investors. In late September, Kraken secured $500 million in private funding at a $15 billion valuation. The exchange is targeting an IPO in 2026 and plans to file its SEC registration by the end of 2025. Traders should monitor Kraken’s margin trends and IPO timeline as indicators of institutional confidence and potential market liquidity shifts.

Spark has shifted $100 million of its USDS stablecoin reserves into Superstate’s USCC Crypto Carry Fund. The move comes as U.S. Treasury yields hit six-month lows near 3.976%, pushing DeFi platforms to seek higher returns. USCC now holds over $528 million in assets and uses a market-neutral crypto carry trade strategy to deliver 8–9% annualized returns for stablecoin yield. It exploits spot-futures basis trading on BTC and ETH to capture consistent gains over 30 days. The strategy marks a departure from tokenized T-bills like BlackRock’s BUIDL and Franklin’s FOBXX that Spark previously used. Spark manages $9 billion in USDS liquidity and relies on protocol revenue to support its savings rate. By adopting crypto carry trade, Spark aims to optimize stablecoin yield and meet growing institutional demand for DeFi stablecoins. Traders should watch how this basis trading approach could influence futures spreads and yield benchmarks.

Indian crypto exchange WazirX has resumed trading after a 15-month halt. The restart follows a managed, four-day phased rollout from October 24 to 27. Each day unlocks 25% of listed tokens, starting with the USDT/INR pair. Users can place orders from 10:00 AM IST and trade from 5:00 PM IST. To boost liquidity and participation, WazirX offers zero trading fees for 30 days. The fee waiver may extend based on user response. Active tokens show real-time prices; inactive tokens use CoinMarketCap reference rates. WazirX has updated listings, delisting assets that failed technical or transparency standards and processing swaps or merges. Crypto withdrawals will resume in phases, while INR withdrawals remain fully available. WazirX advises users to conduct liquidity checks on low-volume pairs. The exchange aims for full market stability and transparency by October 27.

Custodia Bank and Vantage Bank have launched a blockchain-based tokenized deposit platform that lets banks issue USD-backed deposit tokens and stablecoins directly within their systems. The turnkey solution combines Custodia’s private blockchain with Infinant’s Interlace network and public chains like Ethereum to deliver near-instant, low-cost transfers while preserving traditional deposit security. Tokenized deposits can switch seamlessly between on-chain bank deposits and USD-pegged stablecoins, enhancing liquidity, interoperability and regulatory compliance under the GENIUS Act. Early pilots span cross-border payments, supply chain settlements and payroll solutions, marking a step forward for institutional adoption of digital assets and stablecoins.

Revolut has secured a key MiCA license from Cypriot authorities, enabling the fintech to offer regulated crypto services across all 27 EU member states under a unified framework. The Revolut MiCA license ensures uninterrupted market access and regulatory clarity for its 14 million active crypto users and supports the company’s Wealth segment, which saw revenue surge to $674 million last year. With this license in place, Revolut is positioning itself to launch a proprietary stablecoin, pending further regulatory approval. Traders should monitor progress on a Revolut stablecoin, as its issuance could boost market liquidity and trading volumes. Beyond MiCA, Revolut’s strategic approvals—such as its Mexican banking license—and its acquisition of AI travel startup Swifty reinforce its credibility in EU crypto regulation. This move may prompt competitors to pursue similar regulatory clearances and expand their crypto services.

American YouTuber Jimmy Donaldson, known as MrBeast, has filed a USPTO trademark application for MrBeast Financial. The filing covers crypto exchange services, wallet management, NFT marketplaces, DeFi products, payment processing, banking and micro-lending. MrBeast Financial will require regulatory approvals, including FinCEN registration as a money services business, state money transmitter licences and possible SEC or CFTC filings. The move suggests plans to launch a token or integrated finance app. Traders should monitor product announcements and regulatory updates.

Google’s Willow quantum processor has achieved a verifiable quantum computing breakthrough, outperforming the Frontier supercomputer by 13,000× on an OTOC benchmark. This quantum computing advance, enabled by directed wave imaging and the “Quantum Echoes” algorithm, delivers consistent outputs that external teams can validate. While still experimental, this quantum advantage could accelerate molecular simulations in drug discovery and materials science. Crucially for crypto traders, experts warn that powerful quantum machines may crack ECDSA-based digital signatures underpinning Bitcoin by 2030. Solana cofounder Anatoly Yakovenko estimates a 50% chance of ECDSA breach within the decade, prompting investors to explore post-quantum cryptography (PQC) standards like CRYSTALS-Dilithium. Adopting PQC entails trade-offs — larger signatures, higher transaction fees and potential hard forks. Technology commentator Mental Outlaw notes current quantum computers can only break 22-bit keys, far below 2048- to 4096-bit encryption. The US SEC received a proposal in September outlining a roadmap to quantum-resistant encryption by 2035. Traders should monitor PQC upgrades and consider new address adoption to hedge long-term Bitcoin security risks.

Canada’s Financial Transactions and Reports Analysis Centre (Fintrac) imposed a record C$176.9M crypto AML fine on Xeltox for severe compliance breaches. Regulators flagged over 2,500 suspicious transfers linked to fraud and ransomware. The firm also failed to report more than 1,500 individual crypto inflows above C$10,000. This crypto AML fine underscores Ottawa’s tougher stance on AML compliance. New Bank Act amendments now require explicit transfer consent and customer transaction limits. By 2026, a national financial crimes agency will bolster fraud detection and crypto tracing. Traders should anticipate higher compliance costs, potential liquidity impacts and greater regulatory scrutiny.

Kadena has halted all business operations and active blockchain maintenance, handing over network security to miners and community nodes via a transition binary. Official support and developer grants for dApps and smart contracts have ceased. The announcement sparked a 70% drop in the KDA price, with KDA/USDT tumbling to $0.077 on Binance. Traders saw RSI readings plunge to 17 and a volume spike above 222 million, indicating oversold conditions and forced selling. Over 566 million KDA tokens remain locked for mining rewards until 2139. After a 99% decline from its November 2021 peak, KDA faces further downside risk, with $0.057 as a key support level. The network transition raises concerns over long-term stability and governance. Crypto traders should monitor Kadena’s support levels, market sentiment, and upcoming governance updates for potential entry points.

A major Bitcoin whale has reopened a $235 million 10x leveraged short between $111,000 and $111,500, after netting over $200 million in profits from last week’s crash to $100,000. On-chain data shows large holders face nearly $7 billion in unrealized losses as Bitcoin trades below its $113,000 average cost. A second whale boosted bearish exposure to 2,100 BTC, holding $5.8 million in paper gains. Negative funding rates, rising volatility and forced liquidations indicate continued bearish sentiment. Technical charts highlight resistance at $112,000 and support near $108,000 and $104,000 (200-day MA). Traders should monitor liquidation clusters around these levels for potential sharp intraday swings.