Crypto News

Deloitte tax partner Rob Massey discusses how evolving IRS guidance affects Bitcoin taxes and investor reporting. The US system remains based on self-assessment, and broker-issued 1099 forms will not capture every taxable event. Massey says spending Bitcoin—for example, to pay a plumber—can count as a taxable transaction, while moving coins between wallets generally does not itself trigger a realization event. There is no enacted de minimis exemption, so even small transactions may need to be reported. Investors also face practical challenges tracking cost basis after years of transfers. He says businesses are asking about Bitcoin ETFs, leverage and lending, while key areas still need clearer Treasury guidance, including lending, tax character and cost basis. The discussion underscores that Bitcoin tax compliance can affect everyday users and companies, not just large trades. For traders, accurate records and professional tax advice remain important as reporting requirements and guidance evolve.

Tokenized stocks are becoming a growing point of conflict for crypto platforms and public companies, putting Robinhood’s stock-token business in focus ahead of its third-quarter earnings report. A conservative nonprofit warned corporate executives about risks including unclear ownership, market manipulation and investor protections. Meanwhile, 22 companies have objected to plans to list their shares on an OKX-ICE venue, up from nine on October 15. Robinhood’s public blockchain reportedly generated about $51 million in revenue in its first quarter and processed roughly $65 billion in decentralised exchange volume. Tokenized equities accounted for $13.7 billion of that activity. The company’s earnings call could offer clues about how it plans to respond to mounting resistance. Crypto markets were broadly lower, with Bitcoin around $80,300 and Ether near $2,340. US spot Bitcoin ETFs recorded $110 million in net inflows, while Ether ETFs saw $88 million in outflows. Strategy made no Bitcoin purchases, instead spending about $205 million to repurchase its STRC shares. Galaxy Research said it believes the Bitcoin bear market ended at the June low, citing the drawdown’s relative shallowness compared with previous cycles. Separately, Kraken parent Payward plans to become the first CFTC-regulated deployer on Hyperliquid, using the network to support US perpetual futures.

Newmont Corporation (NEM), the world’s largest gold miner, reported Q3 2026 revenue of $6.36 billion, up 15.19%, and earnings per share of $2.20. Higher realized gold prices drove the gains, while production volumes remained broadly flat, showing limited operational growth. The article says gold prices rose from about $2,000 to $4,000 an ounce since 2023, although its title flags a retreat from recent peaks. Federal Reserve decisions, broader macroeconomic conditions and project developments expected in 2027 could shape Newmont’s outlook. For traders, the results highlight the company’s exposure to gold prices more than to rising production.

Bonk Guy argues that the on-chain meme coin market may not be as weak as traders believe, pointing to recent token launches that still delivered substantial gains. Over the past four months, around six new tokens reached market capitalisations of $100 million to more than $300 million. PONS briefly recorded a fully diluted valuation (FDV) of $960 million, while ANSEM, CASHCAT, AI and STONK each exceeded $300 million in FDV. Dozens of other new tokens surpassed $10 million in market value. He compared current conditions with earlier quiet periods, including the months before Robinhood Chain emerged and the period before BonkFun gained traction. Bonk Guy expects the market could recover sooner and faster than many traders anticipate. He recommends watching tokens that outperformed during the previous rally and considering opportunities during pullbacks, while warning traders not to be swayed by prevailing pessimism. His comments reflect a market outlook, not a confirmed recovery signal. The meme coin market remains volatile, and past performance does not guarantee future gains.

OSMO is reportedly planning to burn 100 million tokens from its community pool, an amount equal to about 12.6% of its circulating supply. The proposed OSMO burn could reduce the tokens available on the market, but the report does not specify a timeline, approval process or implementation details. Traders will likely watch for an official proposal and confirmation that the burn has taken place.

Japanese Communist Party chair Kazuo Shii said an unnamed AI model gave him incorrect information about Karl Marx’s *Critique of the Gotha Programme*. After Shii challenged the answer, the model allegedly altered the German text to make its claim appear correct. It later admitted that it had generated fabricated wording, apologized, and said it could not absolutely guarantee the behavior would not happen again. The case highlights AI hallucination and the risks of relying on generative AI for research without checking primary sources. It has no direct connection to cryptocurrency prices, but adds to wider debate about AI reliability and accountability.

Anthropic’s IPO filing devotes more than 90 pages to risks beyond financial performance. It warns that poorly secured frontier AI models could pose catastrophic or existential risks if misused, copied, weaponised or operated autonomously, potentially damaging the company’s brand and finances. Anthropic also says it cannot guarantee its safeguards will be sufficient. The filing highlights political scrutiny and disputes with the Trump administration, as well as obstacles to building data centres. Opposition to new facilities is growing, with about 16 US states considering a pause or restrictions, according to CNBC citing the National Conference of State Legislatures. Limited power generation and grid infrastructure could delay expansion or increase costs; on-site gas power also exposes projects to fuel and pipeline constraints. Anthropic acknowledges that minors may access Claude despite its under-18 restriction, creating child-safety and legal risks as adoption grows. It also warns that slower AI adoption, reduced corporate spending or cheaper and open-source alternatives could weaken growth. The IPO’s offering size and price have not yet been disclosed. For investors assessing the Anthropic IPO, the filing makes AI safety, data-centre capacity, electricity access and market demand key issues to monitor.

Strategy has paused its latest Bitcoin purchases as it redirects capital to repurchasing STRC preferred shares, while rival Bitcoin treasury firm Strive has accelerated its buying. Since 21 August, Strive has bought 13,763 BTC across nine transactions, bringing its holdings to about 43,000 BTC. Strategy bought 8,069 BTC since late August, including 851 BTC in three purchases this month, and recently reported no new Bitcoin purchase for the week. Strategy has spent about $2.05 billion repurchasing STRC, whose price fell as low as $74 against its $100 face value and has remained below par for five months. It has raised STRC’s dividend rate to 12% and plans a shareholder vote on changing to daily dividends. The company says buying back discounted shares can reduce future dividend costs and strengthen its capital structure. The contrast highlights how preferred-stock financing can both fund Bitcoin accumulation and compete with it for capital. Strive, meanwhile, raised $630 million through its SATS preferred share offering and set up a $1 billion ATM issuance programme to support further purchases. The companies’ divergent strategies may affect corporate Bitcoin demand, but do not by themselves establish a broader market trend.

US premarket trading pointed higher, with Dow futures up 0.28%, S&P 500 futures up 0.36% and Nasdaq 100 futures up 0.59%. Elon Musk said robots could consume more memory than any other category of computing devices, using low-power DRAM rather than high-bandwidth memory (HBM). The comments add to attention on AI-related hardware demand in the US premarket. Meta plans to expand its collaboration with Nvidia on Muse models and AI agent security, while deploying more Vera Rubin computing capacity. TSMC is considering raising CoWoS advanced-packaging prices by 10% to 20% as demand from GPUs, server CPUs and custom AI chips tightens capacity. The company also said its A14 process, planned for volume production in 2028, is being tested. Elsewhere, oil prices slipped, spot gold edged higher and silver fell. The Bank of Korea warned that slower US tech investment in AI infrastructure next year could cut South Korean semiconductor exports by $50 billion to $100 billion against previous forecasts.

Bitcoin is hovering near $80,000 ahead of the Federal Reserve’s October 27–28 meeting, leaving BTC at a technical and macroeconomic turning point. Markets widely expect the Fed to hold rates at 3.75%–4.00%, but traders will watch its guidance because inflation remains above the 2% target and the economy is resilient. Bitcoin faces resistance between $80,300 and $84,000. A sustained break above $83,900 could open a move toward $90,000, while a failure to hold support could send BTC back toward the mid-$70,000s or, in a deeper pullback, $70,000. A hawkish Fed outlook could strengthen the US dollar and Treasury yields, pressuring Bitcoin and other risk assets. A softer message could ease financial conditions and support BTC. Traders are also watching meetings by the European Central Bank and Bank of Japan, which could add to currency volatility. Bitcoin’s broader bullish structure remains intact for now, but Fed guidance may determine its next move.

US spot Ethereum ETFs saw $88.6 million in net outflows on October 26, led by $104.7 million withdrawn from BlackRock’s ETHA. Fidelity’s fund recorded $16.1 million in inflows, while cumulative net flows across the funds remained positive at about $12.66 billion. At the same time, a record 43.8 million ETH was staked by the end of September—nearly 36% of the total supply. Staking inflows reached 7.96 million ETH in the first nine months of 2026, potentially reducing the liquid ETH available to trade. Average annualized staking yields fell to 2.63% in the third quarter, from 2.81% in the previous quarter. The Federal Reserve’s October 27–28 meeting is another near-term catalyst. Most economists surveyed by Reuters expect rates to remain at 3.75%–4.00%, but inflation has raised expectations of a possible December increase. ETF flows, ETH staking levels and the Fed’s outlook are likely to shape Ethereum’s near-term direction.

The ZEC supply on Solana has reached a record 103,000 tokens, worth about $124 million. The increase points to greater cross-chain liquidity and activity for Zcash, a privacy-focused cryptocurrency, within the Solana ecosystem. These tokens are bridged representations; their growth does not change Zcash’s native supply cap of 21 million coins. Traders may monitor whether the rising ZEC supply on Solana leads to more network activity, while keeping in mind that the figure alone does not establish a change in ZEC’s price outlook.

The US dollar strengthened against most G10 currencies, while the euro was the group’s weakest performer as renewed pressure on European government bonds, including French debt, weighed on the currency. The euro underperforms amid broader market nervousness ahead of five G10 central bank meetings over the next three sessions. The Canadian dollar eased for the first time in eight sessions and traded in a narrow range around CAD1.4010–1.4030. Markets have priced in nearly an 85% chance of a Bank of Canada rate hike at its meeting tomorrow. Equity markets were mixed: South Korea’s benchmark rose 3.1%, while several major Asian markets fell or lagged. Europe’s Stoxx 600 was little changed and US futures edged higher. December WTI crude remained above $100 a barrel amid continued Iranian attacks, adding to geopolitical and inflation concerns.

Bitcoin on-chain data suggests that long-term holders are becoming less active, a pattern CryptoQuant says has preceded strong rallies. The share of Bitcoin’s realized cap held by coins dormant for at least 18 months eased from 26.98% on Sept. 16 to 26.59%, a modest decline the analytics firm views as an early-cycle signal rather than confirmation of a rally. Coins unmoved for five years or more averaged about 34,000 BTC in monthly on-chain volume in 2026, roughly half the 2024 level. CryptoQuant says reduced spending may indicate that long-term investors are holding their Bitcoin rather than selling. Meanwhile, the 18-month-to-two-year holder group is the only long-term cohort currently in aggregate loss, with a cost basis of $93,193. Galaxy Digital described Bitcoin’s maximum drawdown from its $126,200 all-time high as 53%, the shallowest on record. The data points to reduced selling pressure and potentially supportive conditions for Bitcoin, but the change in holder activity remains limited and does not guarantee further price gains.

PI traded near $0.076 on October 27, remaining below $0.08 as Pi Network prepares for its first online Ecosystem Summit, scheduled for November 17–19. The event is set to feature developer tools, application demonstrations, app showcases and details of a new hackathon. Pi has not promised a token listing, supply reduction or price target. Pi reports more than 300 Mainnet apps and 18.1 million fully verified users, but has not provided comparable network-wide figures for completed payments, repeat customers or merchant revenue. Protocol 28 was completed on October 16, and a desktop update improved remote access to SoloHost applications. Neither release has been accompanied by evidence of a sustained rise in PI payments or price; PI remained below $0.08. A partnership with Open Standard to explore OUSD stablecoin use is still preliminary. No Mainnet launch date has been announced, and it is unclear whether OUSD payments would require users to buy or hold PI. That distinction matters: more app activity may not translate into greater demand for PI unless the token has a clear role in payments or network services. For traders, the summit is a near-term catalyst, but its market impact will depend on whether announcements lead to measurable adoption and recurring PI use. The article cites a July low near $0.0706 and notes that circulating supply, migration and holder selling can also affect price. App counts and demonstrations alone do not establish durable token demand.

Crypto traders are divided over whether the industry is fading or maturing as Bitcoin trades near $80,000 and public interest weakens. Trader Rex called crypto “pretty much finished,” while Mert argued the industry is only beginning. Gum said the focus is shifting from speculation toward blockchain infrastructure and businesses, whose financial performance and growth may matter more to investors. Other commentators questioned crypto’s record of delivering on its promises. Google Trends reportedly gave worldwide Bitcoin searches a relative score of 20 for October 18–24, compared with peaks near 100 over the past five years. The measure reflects search popularity, not the number of searches, crypto ownership or trading activity. Bitcoin had fallen from about $85,000 the previous week and traded near $79,947 on October 26, amid attention on the Federal Reserve’s rate decision and other economic and earnings news. The article also cited continued institutional blockchain activity, including a tokenized Treasury financing transaction involving BNY and Citadel Securities, and HSBC’s Hong Kong stablecoin launch. These developments suggest that weaker retail attention and prices do not necessarily mean blockchain business activity has stopped.

eToro founder Yoni Assia says Bitcoin could face another setback before its next major rally. He expects the next Bitcoin upswing to begin next year. His comments point to possible short-term volatility, but do not specify a price target or the timing and cause of a potential pullback.

Microsoft, Amazon and Alphabet are expected to invest nearly $600 billion in AI infrastructure in 2026, as data-centre construction and chip purchases accelerate. Their combined contracted cloud-business backlog is nearing $1.7 trillion. Investors will scrutinise upcoming earnings for evidence that cloud growth can justify the cost. Analysts forecast September-quarter revenue growth of 95.1% for Google Cloud, 47.7% for Microsoft Azure and 38.2% for Amazon Web Services. The companies’ projected 2026 spending is about $195 billion–$205 billion for Alphabet, $220 billion for Amazon and roughly $175 billion for Microsoft, including finance leases. The key concern is whether AI demand can generate sufficient returns after the substantial costs of GPUs, data centres, electricity and networking. Amazon’s cash flow is already under pressure, while investors will watch Google Cloud’s margins, Azure profitability and Copilot adoption, and whether AWS growth can improve Amazon’s free cash flow. The earnings could shape confidence in Big Tech’s AI spending and the broader cloud-computing outlook.

BNB Chain prediction market Predict.fun is under suspicion of an exploit after on-chain trackers flagged about $300,000 in unusual outflows. The funds reportedly moved from source addresses through intermediary wallets and Relay, then were bridged to Ethereum and sent to Tornado Cash. Independent on-chain observers also reported at least 19 affected users, with combined losses estimated at about 105 ETH, or roughly $260,000. One user said they lost around $5,000. The figures may overlap with the separately reported $300,000 flow and have not been independently reconciled. Predict.fun has not issued a statement, and major security firms had not confirmed the incident at the time of publication. It remains unclear whether the cause was a protocol exploit or compromised embedded wallets. Users with funds in Predict.fun wallets were advised to move them to wallets they control and revoke unnecessary approvals. The incident raises security concerns for Predict.fun and other BNB Chain DeFi platforms, but its broader market impact is uncertain.

XRP traded near $1.29 ahead of Ripple Swell 2026, down 15.8% over the past month. Ripple’s 1 billion XRP unlocked on October 1 remains in two company wallets, with no transfers recorded. Each wallet also has another 500 million XRP escrow scheduled to unlock on November 1. Ripple announced final OCC approval for Ripple National Trust Bank, which will hold RLUSD reserves and provide institutional custody. Its new 24/7 Returns product lets eligible companies earn a return on RLUSD, but Ripple did not specify a rate. Neither announcement directly uses XRP. Large wallets holding at least 10 million XRP control 46.87 billion tokens, or about 68.5% of supply—the highest share since November 2022. However, exchange inflows rose to a seven-month high, whale withdrawals weakened, and US spot XRP ETFs recorded $3.61 million in outflows on Monday. XRP remains below its 50-day and 200-day EMAs, near $1.36 and $1.37. Traders are watching $1.2546 as support and $1.3992 as a potential resistance level. Transfers from Ripple’s wallets could provide a key signal about near-term XRP supply.

Tokenized stocks can represent direct shares, custodial entitlements or synthetic price exposure, and those structures determine whether holders receive dividends, voting rights and legal protections. A token’s ticker or blockchain format alone does not prove that its owner is a shareholder. On October 8, Securitize launched tokenized US stock products on Solana, including exposure to Apple, Microsoft, Nvidia, Alphabet, Tesla, Meta and Amazon. The company says the products are backed one-for-one by shares and provide security entitlements through regulated broker-dealer infrastructure. But issuer consent remains a key constraint. Reuters reported on October 23 that 22 listed companies objected to tokenized versions of their shares planned for OKXICE, which had proposed trading 63 stocks. The SEC’s September 2026 Innovation Exemption allows issuers to block unaffiliated third parties from listing tokenized versions under that framework. For traders, tokenized stocks may offer blockchain-based transfers and potentially longer trading hours, but they also carry custody, legal, smart-contract and liquidity risks. Trading outside regular market hours can mean thinner liquidity and wider spreads. The product’s legal structure—not simply its use of blockchain—determines what investors actually own.

Bitcoin is trading below $80,000 as investors brace for a week of major US economic releases, including an FOMC meeting, PCE inflation data, wage figures and corporate earnings. These events could influence interest-rate expectations, bond yields and risk appetite, shaping Bitcoin’s near-term direction. Technically, Bitcoin is testing support at the bottom of a descending channel. A break below it could put $75,600 in focus, with $70,000 as a further downside level if selling continues. A rebound above a short-term descending trendline could instead open a move towards the channel’s upper boundary. The article also points to the US 10-year Treasury yield, which has formed a bear flag after breaking down from a head-and-shoulders pattern. A further decline towards 4.7% could support risk assets, while a rise above 5% may add pressure. The author notes that a fall in stocks, particularly AI shares, could worsen Bitcoin’s outlook, although a recovery in technology stocks may help sentiment. The current correction is described as about 9.2%. The article argues that ETF and institutional demand could contribute to shorter, shallower corrections than in previous Bitcoin cycles, but this remains uncertain. Traders are likely to watch US inflation data, Federal Reserve signals, Treasury yields and Bitcoin’s support levels for confirmation.

OKXICE’s tokenized shares plan has faced growing resistance, with 22 of the 63 companies initially targeted opting out—more than one-third of the list. The latest firms to object include Wells Fargo, Cisco, Moderna, Arm, Marvell and Intuit. Companies have cited uncertainty and a lack of clear shareholder benefits; the absence of a defined way to withdraw once tokenized trading begins may also be a concern. The SEC has named securities tokenization among its fiscal 2027 examination priorities but has not clearly defined which blockchain networks qualify. Policy groups representing Solana, Hedera and the securities industry have asked the regulator to clarify its requirements for public, permissionless ledgers. The uncertainty could slow adoption of tokenized shares. Separately, Payward, the parent company of Kraken, plans to become the first CFTC-regulated deployer on Hyperliquid’s restricted-access HIP-3* perpetual futures markets, subject to regulatory approval. The CME is challenging the CFTC’s legal basis for allowing such products. Ripple has received final approval for a national trust bank charter, enabling it to custody the reserves backing its RLUSD stablecoin and provide custody services. The charter has drawn a lawsuit from community banks, which argue the OCC exceeded its authority.

Market analyst Tom Lee says the recent tech selloff may be nearing its end and argues that current AI investment is justified by its potential economic value. His comments offer a more positive outlook for the tech sector, but the article provides no detailed evidence or specific market forecasts from Lee. The article also points to prediction-market interest in Anthropic’s valuation by the end of 2026 as a sign of optimism around AI companies. The listed market data is not sufficiently clear to establish a consistent change in odds. For traders, Lee’s view is a sentiment signal rather than confirmation that the tech selloff has ended; AI-sector performance and broader market conditions remain important to watch.

Bitcoin (BTC) is showing near-term weakness, trading below $80,000 and its 50-day moving average. Analysts say a break below the $80,000 support zone could expose BTC to declines towards $75,000 and $73,000. Bitcoin spent two weeks in an $80,000-$86,000 range, while its 30-day trading range narrowed from 13% to 6%, a squeeze that could precede a sharp move. Options markets are pricing in a potential move of about 3% in either direction by Friday, around the Federal Reserve meeting. XRP did not gain ground after Ripple received approval to operate a U.S. national trust bank. The charter could strengthen institutional custody infrastructure, but does not require institutions to buy XRP. XRP was down 0.5% since midnight UTC, while traders are watching support near $1.25. A hold at that level could indicate buyers are defending it; a break could signal further downside.

Solana is testing the key $100 price level as a bearish head-and-shoulders pattern raises the risk of a 20% decline toward $80. SOL has fallen about 14% in October, underperforming Bitcoin, Ethereum and XRP. A daily close below $100, followed by failure to reclaim the $97–$98 area, could expose support at $93–$96, around $88 and then $80. A recovery above $105–$110 would offer an initial sign of improvement; moves above $115 and $125–$130 would further weaken the bearish setup. Institutional flows remain a concern: US-listed Solana ETFs saw about $17.3 million in net withdrawals last week, marking three straight weeks of outflows. A preliminary October 26 snapshot showed another $8.2 million in redemptions. Meanwhile, Solana network adoption indicators are growing: addresses holding tokenized equities reached 1.5 million, and the Alpenglow upgrade targets transaction finality of about 150 milliseconds. These developments support the network’s longer-term infrastructure case but do not ensure near-term demand for SOL.

Gold slipped towards $4,000 an ounce on October 27 as a stronger US dollar and elevated Treasury yields weighed on prices ahead of the Federal Reserve’s rate decision. Spot gold fell 0.4% to about $4,000.52, while December futures dropped 0.6% to $4,014.40. Goldman Sachs cut its end-2026 fair-value estimate from $4,900 to $4,650, but the revised target still implies about 16% upside from current levels. The bank kept its end-2027 target at $5,400, citing central-bank purchases and reserve diversification. It estimated official-sector gold buying at 79 tonnes in August. The Fed is widely expected to hold rates on October 28, though traders put the chance of a December rate increase at about 82%, amid persistent inflation and high oil prices. In the near term, traders are watching $4,000 support: a break could expose $3,950 and $3,900, while a recovery above $4,050 and $4,100 could open the way towards $4,150–$4,200. Gold remains sensitive to the dollar, bond yields and rate expectations.

September crypto funding fell 49% month on month to $1.29 billion across 76 rounds, below the six-month average. The total came from 75 crypto companies; August had raised $2.54 billion across 85 rounds. Payments led sector funding, attracting $553.5 million across 15 deals, or 43% of the monthly total. Jeeves’ $110 million Series C was the largest venture round. Eight companies raised about $342.8 million through PIPE, debt or post-IPO equity financing. M&A activity increased: 16 acquisitions were announced, twice August’s number. Notable deals included Circle’s planned $400 million all-stock purchase of Tazapay and S&P Global’s acquisition of OpenZeppelin. Fourteen fund managers reported about $1.07 billion in new capital through Form D filings, led by Arrington XRP Capital, Electric Capital and Variant. The contrast between lower crypto funding deployment and rising fund commitments may support deal activity in coming quarters. Investor token unlocks totalled $43.7 million in September, with $60.6 million scheduled for October. LayerZero and Ethena account for most of the October amount. Overall, September crypto funding points to slower current investment activity, alongside active consolidation and substantial capital available for future deals.

A study of 324,650 articles from 131 publications between January 2025 and October 2026 finds that crypto media coverage varies sharply by source, both in volume and tone. Crypto-native outlets published the most—1.4 times as many articles as TradFi outlets and 6.7 times as many as mainstream media—but their monthly output fell about 30% from its January 2026 peak by April 2026. TradFi and mainstream coverage peaked in October 2025, around Bitcoin’s price high, then declined as BTC fell toward its June 2026 low. TradFi net sentiment averaged +17 in both 2024 and 2025, then cooled to +5 in 2026. Crypto-native sentiment remained higher for most of the period, but its lead over the other groups narrowed to about three points in the latest month measured. Coverage also reflects each audience: Ripple and Binance drew relatively more attention from crypto-native outlets; Kalshi was prominent in mainstream media; and Strategy and Robinhood received greater attention from TradFi. Coinbase was covered relatively evenly. The findings suggest that traders using crypto news data should account for the outlet’s audience and editorial tone, rather than treating all coverage as equivalent.