Crypto News

Sui has updated gRPC signature verification to accept both supported zkLogin circuits, regardless of which circuit is currently active on the network. This allows RPC callers to verify supported historical zkLogin signatures even after a circuit is retired. The change aligns gRPC with GraphQL’s existing permissive verification behavior; the chain-specific proving environment and JWK selection remain unchanged. Tests cover v1 and v2 proofs, address checks and tampered messages.

An XRP Ledger developer proposal would let businesses create customer wallets without requiring users to buy XRP. The proposed SponsoredAccountCreate transaction would allow a sponsoring account to cover the existing 1 XRP reserve for each new wallet, while users could begin with zero XRP. This could simplify onboarding for stablecoin payments, including RLUSD, and applications serving large numbers of customers. The change would shift the reserve cost to businesses; it would not remove XRP’s role in supporting the ledger. The proposal depends on the broader Sponsored Fees and Reserves framework, which has not been approved for the XRPL mainnet. As of October 19, 11 of 35 validators supported the amendment, below the 29 votes required. A separate October 28 report cited 10 votes, a tally that needs confirmation. Validator approval requires more than 80% support for two consecutive weeks, so zero-XRP wallets are not yet available.

Investment-grade corporate credit underperformed in July, with excess returns of -26 basis points, then recovered 12 basis points in August and was flat in September. Lower-quality BBB-rated bonds modestly outperformed single-A credits: their excess return was -8 basis points, compared with -16 basis points for single-A bonds. Virtus Investment Partners said pressure from higher interest rates intensified in the third quarter. Expectations shifted from eventual Federal Reserve rate cuts toward tighter policy. The article provides no specific cryptocurrency outlook or further market forecasts.

Brazil markets plunged after President Luiz Inácio Lula da Silva’s re-election result surprised investors. The Brazilian real fell about 8% against the US dollar, its biggest one-day drop in more than 20 years. The sell-off has left Wall Street divided on Brazil markets and the outlook for Brazilian assets. Citigroup closed its bullish positions, while Morgan Stanley cut its rating on Brazilian equities and JPMorgan lowered its recommendations on the real and local interest rates. Wells Fargo said the market reaction may have been excessive and advised buying the real on weakness; GQG Partners is also preparing to buy after the panic. The real rebounded for two consecutive sessions, but Brazilian stocks continued to fall. Investors are watching for Lula’s economic team and fiscal plans, with concerns about public finances still weighing on sentiment. No clear reversal signal has emerged.

Hex raised $100 million in a Series D funding round at a $1.2 billion valuation, with Peak XV Partners and 137 Ventures leading the investment. Other participants included Andreessen Horowitz, Sequoia and Redpoint Ventures. The collaborative data analytics company said it has more than 2,500 customers and plans to use the funding to expand its team and market reach. Alongside the funding, Hex launched Hex 4.0, a redesigned platform built for AI agents to work directly with data. It treats data interactions as code, allowing agents to execute tasks while people review their work. Hex says the platform is model-agnostic and can work across AI providers. The round highlights investor interest in AI-native analytics tools, though Hex will need to turn its customer base and momentum into sustained growth.

NFT farming games are drawing copycat criticism after Yield Fields sold out its 3,333-deed collection. In an Oct. 28 post, SafZ listed six games using variations of the farming format, including themes involving monkeys, egg hatching, banking, fishing, floating islands and boss fights. SafZ attributed the rapid wave of launches in part to AI tools and urged buyers to research projects before minting. The post did not identify a confirmed rug pull or provide technical evidence of wrongdoing. Yield Fields reportedly sold out in about 30 seconds on Oct. 13. Its estimated $8.3 million sale value assumes all 3,333 deeds sold at the public auction’s final price of 0.999688 ETH; an earlier whitelist allocation means actual proceeds are uncertain. An OpenSea snapshot showed $3.3 million in total trading volume, 1,221 owners and 203 listed deeds. These figures provide market context but do not establish demand for the six games mentioned by SafZ. For NFT traders, the news highlights copycat risk and the need to assess project quality, liquidity and ownership distribution. It does not point to a confirmed security incident or a broad crypto-market catalyst.

Robinhood stock tokens are now available globally through Uniswap Protocol, Uniswap Apps and its API, according to Uniswap’s post on X. The launch supports self-custody and 24/7 access. The announcement did not specify which stocks are tokenised or provide details on trading volume or user uptake. Robinhood stock tokens bring tokenised equity access to Uniswap’s infrastructure, but their market impact will depend on adoption and liquidity.

Robinhood Chain has added eight stock tokens, according to an official announcement. The newly listed assets track JPMorgan, Visa, PayPal, BMNR, McDonald’s, Disney, Uber and the VanEck Gold Miners ETF. The announcement did not provide details on trading volumes or the tokens’ performance. The expansion broadens the range of tokenized equities and exchange-traded products available through Robinhood Chain.

Anthropic’s IPO prospectus, reportedly filed with the US Securities and Exchange Commission, would give the company’s seven founders and its Long-Term Benefit Trust substantial influence over board appointments and voting. The structure classifies Anthropic as a controlled company, limiting public shareholders’ role in governance. The Anthropic IPO plan is drawing attention to governance and transparency risks for investors. The article also reports that prediction-market expectations for Anthropic to exceed a $1.25 trillion market capitalisation at IPO close have eased, though it provides no detailed odds comparison. Investors will watch for further disclosures, any governance changes and institutional demand as the listing approaches.

Bitcoin recorded net exchange outflows of 14,942 BTC, its largest daily outflow in five weeks, according to Santiment. The move came ahead of the Federal Reserve’s rate decision and US GDP and PCE data, and may signal reduced immediate selling pressure. However, Bitcoin’s price action remains dependent on key levels: Santiment identified $80,000 as support, with $82,500–$84,000 as a potential rebound zone. A drop below about $79,000 could weaken the bullish setup. Analyst Sykodelic said Bitcoin has reclaimed its 50-week simple moving average and weekly Supertrend, a combination that preceded major rallies in 2015, 2019, 2020 and 2023. Other signals are less supportive: US spot Bitcoin ETFs have recorded more than $26 million in net outflows so far in October, while mining firm MARA Holdings transferred 1,000 BTC, worth about $80.19 million, to BitGo. The transfer prompted speculation about a possible sale, but does not confirm one. Traders are weighing the exchange outflows against weak ETF demand, the MARA transfer and upcoming macroeconomic data.

Tether and Circle generated a combined $169.34 million in estimated revenue over seven days, according to DeFiLlama’s Oct. 28 data. Tether recorded $121.23 million and Circle $48.11 million, well ahead of Hyperliquid and Pump. The figures largely reflect returns on assets backing USDT and USDC, rather than trading fees alone. The revenue strength contrasts with weaker decentralized exchange activity. DeFiLlama’s weekly spot DEX volume measure fell 11.30%, while total fees across its dashboard declined 8.87% week over week. Circle reported $668 million in second-quarter reserve income, up 5% year over year, as average USDC circulation grew 25%. That growth was partly offset by a 66-basis-point drop in reserve yields. The company also said it spent $819 million on distribution partners and transaction costs in the first half of 2026. For crypto traders, the data highlight stablecoin issuers’ reliance on reserve income and the contrast between resilient issuer revenue and softer DEX activity. Lower interest rates could weigh on future reserve earnings, while falling trading volumes may signal reduced activity across decentralized markets.

Multicoin Capital led a $4 million seed round for Birch Hill, a US-focused onchain credit company aiming to bring lending, securities issuance and asset management under one roof. The company says its integrated model can connect institutional credit providers with stablecoin-based demand and reduce friction across the lending process. Birch Hill’s first example is the Groma market, where eligible holders of tokenized real-estate equity can borrow USDC through Morpho. The company is also developing tokenized credit securities and plans to match short-term lending to originators with longer-term investor capital. The investment reflects growing interest in real-world asset (RWA) lending and regulated onchain credit. Birch Hill argues that transparent blockchain records could help investors assess and finance credit assets, while its US regulatory approach is intended to attract institutional capital. The platform is at an early stage, and the announcement does not disclose a token launch.

Payments could give crypto super apps a more frequent use case than token swaps alone, speakers said at four ChangeNOW-hosted panels at TOKEN2049 Singapore. Their discussions focused on mainstream adoption, wallet design, infrastructure and audience growth. Rubic co-founder Aleksandra Korneva said swap users may have little reason to transact daily. Pulsar Money CEO Alex Radu pointed to payments and trading as possible foundations for crypto super apps. CoinRoutes’ Michelle Herman cautioned that all-in-one products still need reliable execution, specialized services and strong data protection. Wallet and infrastructure speakers discussed reducing friction without sacrificing user control. Topics included gas requirements for cross-chain swaps, AI agents that initiate transactions, and hardware-wallet approval of those actions. WalletConnect’s Diana Alexandrova said everyday payments should not require technical expertise. Aztec Labs highlighted transaction privacy for businesses, while Banxa and RocketX emphasized cooperation among infrastructure providers and access to aggregated liquidity. A separate panel considered how crypto companies can attract users as AI changes online search. Participants cited interviews, podcasts, direct reader relationships, local communities and offline events as ways to build reach. For traders, the panels offered an adoption-focused view rather than a near-term market catalyst. They underscored that payment usability, privacy and secure execution remain important hurdles for crypto super apps.

Markets expect the Federal Reserve to hold its benchmark rate at 3.75%-4.00% at today’s decision, with futures pricing in odds above 90%. The Fed raised rates in September for the first time since 2023, as inflation reached 3.7% and oil prices neared $100 a barrel. Hiring has slowed, adding to the challenge of balancing inflation and economic growth. The Fed rate decision may still unsettle markets if officials signal another increase. Futures put the odds of a quarter-point hike at the Dec. 8-9 meeting at 75%-80%. Bitcoin is trading near $80,700, where traders are watching a resistance zone. Higher Treasury yields can make volatile assets such as Bitcoin less attractive, while leveraged positions may amplify moves through liquidations. The Fed’s statement and any dissenting votes could therefore influence short-term crypto trading.

Metakse Ghambaryan, crypto project lead at the Armenian Stock Exchange and director of the Web3 Armenia Foundation, has joined the FIO Board of Directors. She oversees strategy for the exchange’s digital asset program and promotes Web3 education in Armenia. Ghambaryan says FIO’s human-readable handles can make crypto transfers easier to understand by linking a simple name to wallet addresses across supported chains. Her appointment adds traditional finance and Web3 education experience to the FIO Board. The news highlights FIO’s focus on usability and adoption, but does not announce a product launch, funding or a change to the token’s utility.

The Reserve Bank of New Zealand (RBNZ) surprised markets by holding its policy rate at 2.75% in a split 4-3 vote. The New Zealand dollar fell about 1.4% after the decision, while markets had priced in roughly 23 basis points of tightening. Although a rate hike in December remains possible, the RBNZ’s signal was seen as dovish, putting market expectations for further tightening at risk. The news may add pressure to the NZD against commodity-linked currencies, though the undervalued NZD/USD could see some near-term relief.

Pimco reduced its exposure to debt tied to Meta and Oracle data centre projects as the AI bond market cooled, while still making a profit on some holdings. The asset manager sold about $3 billion of Meta-related bonds six to eight months after buying them, at prices above face value. Filings show its positions in both the Meta and Oracle financing deals are now about 50% smaller than before. Oracle-linked bonds fell from 98.7 cents at issuance to around 88 cents. Pimco has also passed on several large AI-related debt deals, including transactions involving Broadcom and Anthropic, SoftBank’s roughly $11 billion junk-bond issue, and some Oracle data-centre loans. It nevertheless invested about $4 billion in a SpaceX financing to support the company’s AI expansion. Pimco’s moves point to more selective lending as AI infrastructure borrowing grows and the AI debt market faces a pullback.

Avail has launched ShieldTX, a privacy tool for Hyperliquid traders. ShieldTX creates a separate wallet for each perpetual-futures position, making it harder for on-chain copy-trading bots to link trades and replicate strategies. The tool aims to reduce the execution costs that can arise when traders are copied. Research shared by ShieldTX with The Block analyzed 332,317 Hyperliquid wallets and examined seven top-100 traders alongside suspected copycat wallets. It estimated that copied traders faced a median additional cost of 63 basis points per trade due to execution-price effects. About 29% of Hyperliquid’s top 150 accounts use subaccounts, but those wallets may still be linked on-chain. ShieldTX adds another privacy option for Hyperliquid traders, though the reported figures are estimates from a limited sample.

Hyperliquid has unstaked 180,000 HYPE to fund monthly token unlocks for team members. The report did not identify the buyer involved in an earlier over-the-counter transaction. The HYPE unstaking and team unlocks add a potential source of token supply, but the article does not say whether the unlocked tokens will be sold.

Hong Kong-regulated gold token XAUa launched on Sui on October 28, 2026, expanding beyond its earlier issuance on Ethereum. Each XAUa represents one gram of 99.99% pure, LBMA-certified gold held by Brinks in Hong Kong. AlphaToken issues the token, while TBook manages on-chain distribution to eligible buyers. Sui’s Permissioned Asset Standard (PAS) checks transfers against compliance rules and rejects transactions that fail validation. TBook has also rebuilt and migrated its vault issuance platform to PAS, allowing other real-world asset (RWA) issuers to create compliant vaults on Sui. The launch adds a gold-backed RWA use case to Sui, but restricted access may limit liquidity and reach. It is a development in tokenization rather than a clear near-term price catalyst for SUI.

Bank of America clients withdrew $3.5 billion from US stocks last week, marking a second consecutive week of net outflows, after selling $15 billion the week before. Bank of America analysts Jill Carey Hall and Trey Brown said retail investors were the main drivers of the selling. The communication services sector—which includes telecom companies and media and technology firms such as Meta—saw its largest weekly outflow since records began in 2018. Industrials had the second-largest outflow and recorded net withdrawals for a 13th straight week. The figures point to continued pressure on US stocks, particularly in communication services and industrials. US stock outflows may also influence crypto trading if investors broadly reduce exposure to risk assets, though the report provides no direct data on cryptocurrency flows.

Ripio filed for a Brazil crypto broker license with the central bank on October 27, three days before the October 30 deadline for existing operators. The Argentine firm is seeking approval for crypto intermediation and custody, as well as authorization to operate in the foreign exchange market. CEO Sebastian Serrano said Ripio would make the changes needed to comply with the rules; the company has served Brazilian customers since 2015. Ripio has begun converting customer balances in Brazilian reais into its wBRL stablecoin and plans to discontinue some services, including Pix deposits, by October 29. At least 14 to 16 firms have publicly applied under Brazil’s new virtual asset service provider framework. Applicants face minimum capital requirements of R$10.8 million to R$37.2 million, depending on their activities, and filing does not guarantee approval.

Bitcoin mining is getting tougher as network hashrate nears 1,100 EH/s and difficulty sits at about 140.6 trillion. The next adjustment, expected on October 29, could raise difficulty by 6.3% to nearly 150 trillion. With mining costs again exceeding Bitcoin’s price, operators are exploring new revenue streams and ways to use mining’s excess heat. Tether has introduced its open-source Mining Development Kit (MDK), designed to connect mining and AI hardware, pools and other systems through a shared framework. Fifteen firms, including Bitdeer, Bitmain, Canaan, MicroBT and several mining pools, have pledged to explore integrations. The commitments are non-binding, and a stable 1.0 release is expected by year-end, so broad adoption remains uncertain. Separately, Heatbit is taking preorders for Bitwater, a 600-watt water-heater element that combines Bitcoin mining hardware rated at 34 TH/s with water heating. It costs $899 for preorder, with shipping expected in Q1 2027. The launch highlights attempts to improve mining economics, but returns will depend on electricity costs, usage and mining conditions.

US natural gas production is forecast to reach a record 112.2 billion cubic feet per day (Bcf/d) in 2026, up from 107.6 Bcf/d in 2025, according to the US Energy Information Administration. Output is projected to rise further to 116.1 Bcf/d in 2027, while expanding production in the Permian Basin and Haynesville shale supports growth. US LNG exports are expected to average 17.6 Bcf/d in 2026, about 17% higher than in 2025, and increase to 18.6 Bcf/d in 2027. The rise comes as European gas prices approach €100 per megawatt-hour. EU storage was about 74.9% full on October 26, below 82.9% a year earlier and the five-year average of roughly 89.6%. Germany’s reserves stood at around 61.6%. Disrupted Middle Eastern LNG shipments have added pressure to supply. Despite record US natural gas production, exports cannot immediately eliminate Europe’s shortfall: liquefaction, transport and regasification costs, as well as limited export capacity, separate US and European prices. Higher European energy costs could also renew inflation concerns, while growing electricity demand from AI data centres may support US gas demand.

US stocks opened mixed on Wednesday, with the Nasdaq up 0.24% and the S&P 500 up 0.17%, while the Dow fell 0.08%. A strong earnings report from South Korea’s SK Hynix—operating profit rose 632% year over year—lifted semiconductor shares. Micron gained about 4% in premarket trading, while Nvidia, AMD and Marvell also advanced. The Nasdaq’s rally reflects renewed interest in AI chipmakers, though concerns remain about the cost of AI infrastructure. Investors are also watching Microsoft and Alphabet earnings, due after the close, for signs that cloud and AI growth can justify heavy investment. Major technology companies could spend nearly $600 billion on AI infrastructure in 2026. The Federal Reserve is expected to hold interest rates at 3.75%–4.00%; its decision and guidance could sway stocks and broader risk appetite. The Nasdaq’s gains may therefore prove sensitive to signals on borrowing costs and AI spending returns.

Aave has completed an adjustment to the floating borrowing rate curve for USDT in its Ethereum market. When pool liquidity tightens, borrowing costs will now rise earlier than before. Aave says interest already accrued on existing debt will not change; the updated curve affects only how outstanding balances grow from now on. The change may make borrowing more expensive as USDT liquidity falls, but the report provides no details on the size of the adjustment.

Markets expect the Federal Reserve to keep its benchmark interest rate at 3.75% to 4.00% on Wednesday, despite September US consumer and producer price inflation exceeding forecasts. Energy prices remain high, and there are few signs that investment in AI infrastructure is slowing. Recent comments from senior Fed officials have also suggested there is no urgency to raise rates this month. Oxford Economics said the officials made their remarks before the stronger inflation data emerged, and argued that their comments should not be seen as an indirect signal from Fed Chair nominee Kevin Warsh. If the Fed holds rates steady, Cleveland Fed President Beth Hammack and Dallas Fed President Lorie Logan could dissent; both have said policy may need to tighten further. The expected Fed rate decision keeps inflation and interest-rate policy in focus for traders. A hold may limit immediate market disruption, but persistent price pressures and the possibility of dissent could keep expectations for future rate increases elevated.

Confusion over Iowa voting rights for people with past felony convictions could affect participation in the 2026 governor race. Governor Kim Reynolds’s 2020 executive order sought to restore voting rights to eligible people, but reports point to inconsistent implementation and uncertainty among local election officials. The issue may influence turnout among affected voters as Democratic nominee Rob Sand challenges Republican nominee Zach Lahn. The article says prediction-market pricing appears unfavorable to Democratic prospects, but provides no details connecting the reported voting-rights problems to specific market movements. Officials’ responses and voter-registration activity are key developments to watch. Iowa voting rights remain a state-election issue, with no direct cryptocurrency market catalyst identified.

Morpho has added oracle details to its app for supported lending markets, showing feed types, reported prices and data providers. The update gives users a clearer view of how collateral and loan assets are priced without requiring them to inspect smart contracts. Morpho is oracle-agnostic, so market curators choose from providers such as Chainlink, Pyth, Redstone, API3 and Chronicle. The app’s added visibility complements Morpho’s Oracle Portal, which helps decode configurations, compare prices with reference sources and identify potential issues. Morpho says market curators—not its core team—select and deploy market oracles. Incorrect prices can cause missed liquidations and bad debt, or trigger unnecessary liquidations. The new information does not eliminate oracle risk, but helps lenders assess it before depositing. Morpho’s app now makes oracle configurations more visible, while its existing tools continue to support oracle checks and risk monitoring.