Crypto News

Forum Edge AI has signed a 36-month, $94.4 million agreement to supply Fireworks AI with Nvidia B300 GPU capacity at its Dallas data centre. Forum Edge AI is a joint venture in which Forum Markets (FRMM) owns 51% and Edge Node holds 49%. The venture plans an initial build-out of about 11 megawatts, supporting roughly 4,376 B300 and GB300 GPUs across multiple sites. Dallas has about 2 megawatts operating, with plans to reach 4 megawatts. Forum also targets 6 megawatts at a North Carolina site by Q1 2027 and another 1–2 megawatts in Texas by mid-2027. Forum Markets forecasts 2027 revenue of $125 million to $175 million and expects positive cash flow by early 2027. It says Phase 0 will rely on customer deposits and equipment financing, rather than new equity. Execution, site-opening schedules and reliance on Fireworks as an early customer remain key risks. The announcement concerns AI compute infrastructure and has no direct cryptocurrency-market catalyst.

Nova Capital maintains a Buy rating on Nvidia (NVDA) and a Hold rating on Advanced Micro Devices (AMD), arguing that Nvidia’s stronger margins, scale and integrated AI systems justify its valuation premium. The analyst says AMD’s higher projected growth is offset by pressure from component costs and possible share dilution tied to warrants issued to OpenAI and Meta. Mizuho estimates that Nvidia’s Vera server CPU business could approach $60 billion by 2028, potentially challenging AMD’s data-centre CPU position. The article presents an equity-market view, not a direct cryptocurrency-market development.

Trump-linked crypto firms are hiring lawyers and lobbyists ahead of a possible congressional investigation. Democratic lawmakers have asked World Liberty Financial and venture capital firm 1789 Capital for information on whether the businesses received government contracts or favourable policy treatment, and whether conflicts of interest exist. The firms and the Trump family say their business activities comply with the law. Any inquiry could face practical hurdles, including difficulties compelling people overseas to provide testimony or documents, while further action by federal agencies remains uncertain.

A US bankruptcy court has approved the sale of Texas mining assets held by debtors affiliated with Poolin, with total consideration of up to $180 million. The deal includes $100 million payable at closing and up to $80 million tied to future milestones. The proposed deadline for general creditor claims is December 31, 2026, at 4 p.m. Eastern Time. A hearing to consider the deadline is scheduled for November 10. Creditors who are required to file proof of claim may risk affecting claim recognition, plan voting and distributions if they miss the final deadline. Poolin-related claims may include platform balances, IOUs and mining-pool earnings. Submitting materials previously does not necessarily count as a valid claim filing.

MENA’s crypto economy edged down 1.4% to $443.3 billion in the July 2025–June 2026 reporting period, broadly matching the global trend. Regional activity was reshaped by conflict, internet shutdowns and new licensing rules rather than by the crypto market downturn alone. The UAE’s crypto economy grew 32% to $104.8 billion, driven largely by a 29% rise in services activity. Institutional platform inflows climbed 75% to $11.7 billion, while cross-border business payments and peer-to-peer activity also expanded. The UAE is approaching Türkiye’s position as the region’s largest crypto economy and could overtake it in 2027 if current trends continue. Türkiye remained the largest market, at $144.5 billion, but its total contracted modestly as exchanges adjusted to licensing requirements. Domestic peer-to-peer activity grew fivefold to $3.56 billion, mainly through stablecoins used for savings and transfers. Tokenized gold activity also approached $1 billion after restrictions on cash purchases of physical gold redirected some demand on-chain. In Iran, bitcoin transactions fell by as much as 90% during internet blackouts, then recovered as connectivity returned and users found ways around restrictions. Cross-border stablecoin flows also dropped during outages before rebounding. Israel’s crypto economy was broadly steady at $37.9 billion, with stablecoins increasingly serving as a bridge to offshore exchanges. For crypto traders, MENA’s near-flat aggregate masks divergent national trends: institutional growth in the UAE, changing retail and regulated-market activity in Türkiye, and disruption-driven volatility in Iran.

A high-severity Electrum wallet vulnerability let malicious public servers deceive users into signing Bitcoin payments to attackers when they tried to increase transaction fees. The flaw affected every Electrum version before 4.8.3, released on October 24, 2026. Electrum developers say it was exploited in the wild and received two victim reports; one user, Raju-K12, reported losing funds on October 18. The amount stolen and the servers involved were not disclosed. The attack exploited Electrum’s reliance on servers for information about unconfirmed transactions. A malicious server could hide the real payment and show a forged version with the recipient changed. When a user raised the fee, Electrum signed a replacement payment to the attacker. Electrum 4.8.3 adds signature checks for mempool transactions spending the wallet’s own coins. Users should upgrade, connect only to trusted servers, and carefully verify payment outputs before signing or bumping fees.

XRP traded near $1.29 on October 26, down about 17% over the previous month, as whale wallet numbers fell and exchange-associated balances grew. Analyst Ali Martinez said wallets holding 10 million to 100 million XRP dropped from 351 to 339. Exchange balances in his dataset rose by about 47 million XRP, worth roughly $61 million at the reference price. These changes may signal selling pressure, but wallet movements and exchange balances do not prove that tokens were sold. For XRP traders, $1.26 is the key support level. A sustained break below it could put $1.11 and then $0.98 in view; holding support and reclaiming $1.40 could support a recovery towards $1.50. US spot XRP ETFs drew about $4.3 million in net investment during the October 19–23 week, but recorded no inflows on October 23. Meanwhile, the XRP Ledger reached a record 8.24 million funded wallets. Whale activity, ETF flows and price action around $1.26 are key indicators to watch.

A Massachusetts family says it opened a Kraken crypto account in the name of a revocable trust as part of its estate plan. The family worked with an estate planning attorney to set up the trust, wills, powers of attorney and arrangements for guardianship and asset management for their child. The account application required trust documents, identification for both trustees and a taxpayer identification number. Kraken approved it within hours, the family said, though processing times can vary. The family also noted that assets must be retitled in the trust’s name for the trust to control them—a process that took time for its bank, home and brokerage accounts. Legal fees were about $7,000, and the work took around a month. The account-opening story is one client’s experience, not legal, tax or financial advice. The crypto account setup does not imply a change to Kraken’s products or broader market conditions.

XRP price lost momentum after briefly rebounding to $1.40 and fell below $1.29 as broader crypto markets came under pressure. More than $220 million in crypto long positions were liquidated in 12 hours, while Bitcoin and Ethereum traded near $81,000 and $2,300, respectively. Crypto analyst Darkfost said large XRP holders transferred $112.4 million worth of tokens to Binance, the highest such level in seven months. The transfers may point to increased potential selling pressure. XRP-related fund inflows totalled $18.5 million over four weeks, below the $75.6 million recorded in the week ending September 25. The article also promotes UE Crypto cloud mining as an alternative to holding XRP. Its claims about returns, user numbers and compliance are not independently verified, and the advertised contracts promise fixed returns. Traders should treat the promotion cautiously and assess platform and contract risks independently.

Bitcoin briefly fell to about $79,330 before recovering to around $80,240, remaining down roughly 2.5% over the week and about 36% below its record high. A sell-off in technology stocks and uncertainty ahead of the Federal Reserve’s rate decision and U.S. midterm elections weighed on risk assets. U.S. spot Bitcoin ETFs recorded $635.5 million in net outflows on Thursday and another $137.9 million on Friday. Despite the late-week withdrawals, they gained about $301 million for the week, but remained down approximately $314 million for October. Analysts cited pressure from technology stocks, elevated Treasury yields, inflation concerns and the unwinding of leveraged positions. They identified $80,000 as a key psychological level, $82,000 as important for a stronger bullish outlook, and $75,000 as potential support if Bitcoin falls further. Traders are watching the Fed decision and major technology earnings for signals on Bitcoin’s near-term direction.

CryptoHoldings, operated by Estonia-based Axenor Holdings OÜ, opened the public offer of its CHT utility token on Base on October 17, 2026. The company says its white paper was notified under the EU’s MiCA framework; notification is not regulatory approval. CHT holders can vote on the location, intended use and selection of a planned property, with one vote per token. Votes are binding on the operator only if participation exceeds 75% of the issued CHT at the relevant reference date. Further votes are scheduled through January 2027. CHT is not a property-backed investment token and provides no real estate ownership or profit rights. Its stated uses include governance and payment for CryptoHoldings’ property-evaluation reports. The token has a maximum supply of 10 billion and is deployed on Base. Purchasers must meet applicable KYC/AML requirements, and eligible retail buyers may have a 14-day withdrawal right under MiCA conditions.

Intel and AMD will combine their x86 CPU optimizations for PyTorch in the open-source oneDNN library. Announced on 20 October 2026, the move will bring AMD’s ZenDNN optimizations into oneDNN and give AMD a steering role in the UXL Foundation, which governs the library. The oneDNN collaboration aims to give developers a shared software path for AI workloads on Intel and AMD CPUs, reducing the need for separate vendor-specific tools. The companies also expect oneDNN updates to make features such as AI Compute Extensions (ACE) more accessible. Their focus is AI inference, edge computing and latency-sensitive tasks; the effort is intended to complement, not replace, GPU acceleration. The partnership comes as Arm-based processors gain ground. Its impact will depend on how effectively ZenDNN is integrated and how quickly new capabilities reach developers.

Overwatch, a New York-based threat intelligence startup serving banks and fintech firms, has raised $15 million, according to Fortune. The company uses AI agents to analyse public information from sources including the dark web, social media and news outlets, then sends real-time alerts to security teams. CEO and co-founder Arjun Bisen says AI has already changed cybercrime, making faster automated defences increasingly important. Overwatch reports that early customers resolved six times as many critical threats, identified emerging threats three days earlier and saved more than 20 analyst hours per week. These results are company-reported and based on early deployments. Founded in 2022, Overwatch previously raised about $7.88 million, including a $7.38 million seed round in February 2025. The funding highlights growing demand for AI-powered cybersecurity, particularly among financial institutions; the article does not name investors in the new round.

Anthropic’s planned S-1 filing and SpaceX’s reported $40 billion GPU financing agreement lead Monday’s US premarket news. Fox Business reported that Anthropic expected to file the registration statement on Monday evening Beijing time, advancing preparations for a potential IPO. SpaceX reached a GPU equipment financing and leasing agreement with Apollo Global Management, with principal payments expected to total $40 billion. Crypto treasury activity was mixed. Strategy reported no Bitcoin purchases over the past week, while Strive bought 6,182 BTC at an average price of about $82,732. Bitmine added 10,452 ETH, taking its holdings to 6.05 million ETH. Other major developments included Meta’s planned issuance of $22.5 billion in Class A shares and depositary shares representing 250 million preferred shares. Market reports said Nvidia, AMD and Broadcom may buy up to $5 billion in Meta stock. SK Hynix said it was considering shareholder-return options after reports of a proposed 16 trillion won special dividend, and Samsung and SK Hynix were reported to target HBM4 production and Nvidia deliveries from the second quarter of 2027.

Strategy has repurchased $205 million worth of STRC, according to Michael Saylor, who shared the update on X. As of October 25, 2026, the company held 848,500 BTC and $5.1 billion in assets. The STRC repurchase is a corporate capital-market move; the report does not say Strategy bought additional Bitcoin.

S&P Global has completed its acquisition of blockchain security firm OpenZeppelin, a deal first announced on 17 September 2026. Financial terms were not disclosed. OpenZeppelin will operate as an independent business unit, with founder Demian Brener remaining in his role and reporting to S&P Global Ratings President Yann Le Pallec. The acquisition expands S&P Global’s digital asset risk assessment services, combining OpenZeppelin’s smart contract security expertise with the ratings company’s institutional customer network and global distribution. Founded in 2015, OpenZeppelin has conducted more than 900 security audits and identified over 10,000 vulnerabilities before products launched. Its open-source OpenZeppelin Contracts library has supported more than $38 trillion in cumulative value transfers. The library will remain free, open source and publicly maintained.

Bitcoin fell below $80,000 over the weekend as reports of US personnel evacuations in the Middle East heightened concerns about a possible escalation with Iran. Bitcoin was down about 2.4% over the week, while Ethereum, Solana and other major cryptocurrencies also declined. Bitcoin has been more resilient than many large altcoins over the past month, but geopolitical uncertainty is adding pressure to crypto markets. Traders face a packed macroeconomic calendar, including interest-rate decisions from the Federal Reserve, European Central Bank and Bank of Japan, as well as US GDP and PCE inflation data. Robinhood, Coinbase and Strategy earnings may also affect sentiment. Spot Bitcoin ETFs recorded $138 million in outflows on Friday, although weekly net inflows remained positive at about $300 million. Separately, Solana trading bot Bloom said an exploit drained about $947,000 from 49 wallets belonging to nine users. The team said private keys were not compromised and pledged full reimbursement. Pump.fun also announced a two-week, $2.5 million trading competition. Bitcoin’s near-term direction may depend on geopolitical developments, macro data and ETF flows.

Collector Crypt, a Solana-based tokenized trading card platform, reported record weekly revenue of $5.31 million and said monthly revenue had also reached a new high, with five days left in October. The figures follow a record $24.3 million revenue day on October 20, when 123,425 packs were opened. The surge was linked to the platform’s integration with Pump.fun. Collector Crypt reported $433.5 million in Q3 2026 revenue, up 8% from the previous quarter, while gross profit rose 12% to $25.4 million. Its gross margin was 5.9%, as 94.1% of spending flowed back to users through buybacks and redemptions. Despite the new revenue record, monthly revenue had fallen from $212.2 million in June to $134.5 million in September. The platform’s $CARDS token traded at about $0.195 at the end of Q3, down 14%. Spending is highly concentrated: 548 wallets accounted for 83% of Q3 spending. The record points to growth potential from integrations, but thin margins, reliance on a small group of users and recent revenue declines remain important risks for Collector Crypt and its token.

Hyperbolic, an AI cloud and GPU marketplace co-founded by former Citadel Securities quant Jasper Zhang, is positioning GPU capacity as a hedgeable asset as investors reassess AI infrastructure risks. The platform connects data centres with unused GPUs to developers seeking on-demand or reserved compute, and says its prices can be 50% to 75% below traditional providers. It reported an annualised revenue run-rate above $80 million in September 2026 and serves an estimated 200,000 to 250,000 developers. Hyperbolic has submitted comments to the US Commodity Futures Trading Commission on potential compute derivatives, proposing contracts that could be physically settled with GPU time. Zhang has also suggested that customers should be able to resell reserved capacity they no longer need. No such derivatives contracts have been listed, and regulatory approval and standardising GPU capacity remain hurdles. The proposal comes as CoreWeave shares have fallen more than 50% from their 2025 peak amid concerns about debt, despite continued AI compute demand. Hyperbolic’s GPU marketplace aims to make existing capacity easier to allocate and potentially create price benchmarks for compute. For traders, the idea could eventually offer a more direct way to hedge GPU price exposure than trading AI infrastructure stocks, but it is not yet an available market instrument.

AI compute demand remains strong, but rising debt costs are increasing risks for infrastructure providers, especially highly leveraged neocloud companies such as CoreWeave. Spot GPU rental prices continued to climb, with B300 prices rising 120% in October, pointing to tight demand for computing power. Strong earnings guidance and interest in next-generation chips also suggest the AI hardware boom may have further room to run. The article’s author favors AI hardware and compute companies but is monitoring whether high leverage could lead to bankruptcies. For traders, the key tension is between sustained AI compute demand and the financial strain of funding rapid infrastructure expansion.

SK hynix is expected to report record operating profit for Q3 2026 when it releases results on October 28. An analyst forecast puts profit at ₩80–82 trillion, above Bloomberg consensus of ₩77.5 trillion, supported by strong DRAM pricing and demand for AI memory, including high-bandwidth memory (HBM). The analyst maintains a Hold rating on SK hynix’s US-listed ADRs, with a $165 price target. The shares have fallen about 57% from their June highs, while the ADRs trade at a 42.1% premium to the Korean-listed shares—an added valuation risk for US investors. The canceled Solidigm IPO and a ₩40 trillion buyback may support shareholder value, but rising capital spending and the possibility of memory oversupply remain concerns. The analyst prefers to wait for clearer 2027 earnings visibility and a narrower ADR premium before buying.

Brazil stock index futures fell 15% and hit the daily trading limit after Luiz Inácio Lula da Silva won the presidential election, according to data from MSX.COM. The report gave no further details on the market reaction or the election result. The sharp move in Brazil stock futures may reflect investor uncertainty, but the available information does not establish the cause of the decline.

Pump.fun has added support for X Layer, OKX’s Layer 2 network. Users can now trade all tokens on X Layer using the same USDC balance, without manually bridging funds or switching wallets. The integration makes Pump.fun and X Layer easier to use together, though the announcement did not specify transaction volumes or other adoption metrics.

IOSG Ventures has announced an investment in Fun, a company building global payment rails for internet marketplaces. Fun aims to combine fragmented services—including fiat on-ramps, currencies, assets, wallets and blockchain networks—into a single embedded integration. The system is designed to help users move funds into a platform, transfer them between platforms and withdraw them. The announcement did not disclose the investment amount, funding terms or any token plans.

Bitcoin options traders are positioning for a possible post-election rally, but broader market signals remain mixed. On Derive, a trader bought 800 Bitcoin (BTC) call contracts with a $90,000 strike expiring on Nov. 6. The position has about $68 million in face value. To help fund it, the trader sold other call options, collecting roughly $940,000 net after financing costs. Derive’s market-implied probability of BTC exceeding $100,000 by Christmas rose to 12%, from 9.7% a week earlier. The odds of BTC falling below $70,000 declined to 11%, from 15.6%. However, options skews on larger exchange Deribit showed puts were more expensive than calls at the front end, pointing to continued demand for downside protection. Bitcoin was trading near $80,000, while major altcoins were also subdued.

Aviva Investors launched a tokenized share class of its £22 billion Sterling Liquidity Fund on the XRP Ledger, with Ripple as its technology partner. It is Aviva’s second fund on the network. The firm invested £50 million, bringing its total investment across the two tokenized funds to more than £86 million. BNY Mellon continues to hold the underlying assets, while the new share class is available onchain. Komainu and Licuido also supported the launch. The move adds to Ripple’s institutional activity, following Standard Chartered’s announcement that it holds Ripple’s RLUSD stablecoin for institutional clients. However, XRP’s market response was limited: it traded near $1.29, down about 0.2% over 24 hours and 16% over a month. US spot XRP ETFs recorded $4.25 million in net inflows for the week ending October 23, equal to 0.29% of their assets, broadly matching Bitcoin ETFs’ inflow rate. XRP remains in a technical range of roughly $1.25 to $1.40. Resistance sits near $1.36–$1.37, while support is around $1.25. The fund launch is positive for XRP Ledger adoption, but it has not yet shifted XRP’s price trend.

Strategy’s MSTR common shares returned 77.4% from June 26 to October 23, 2026, outperforming the company’s preferred securities, according to a chart shared by executive chairman Michael Saylor. The returns included dividends paid but not reinvested. STRC gained 38.6%, STRD 35%, STRK 32.6% and STRF 22.9%. Strategy also repurchased $385.5 million of STRC shares over the two weeks from October 5 to 18. About $1.16 billion remained under its expanded $3 billion preferred-share buyback authorization, according to the article. Shareholders are scheduled to vote on October 28 on a proposal to make dividends on the four preferred securities more frequent. If approved, the change would set daily record dates while retaining the securities’ regular dividend rates, subject to the terms and declarations. The proposal and buybacks could affect Strategy’s financing and dividend management, but the historical returns do not predict future performance.

Tech investor Chamath Palihapitiya, an early Bitcoin bull, now says Bitcoin has limited upside and could eventually be hacked, potentially sending its price to zero. He argues that demand may be capped if central banks do not become buyers, and warns that exposed ownership data could put crypto holders at risk. He also raised concerns about AI-enabled attacks on cryptography and the difficulty of coordinating a move to quantum-resistant technology. Palihapitiya said he no longer holds Bitcoin directly, having exchanged his coins for equity in Digital Currency Group. Bitcoin was trading near $81,500, about 26% below its price a year earlier. His comments are personal concerns, not a forecast based on new evidence, but add to debate over Bitcoin security and long-term adoption.

Bitcoin traded just above $80,000 on October 26 after falling below that level several times over the weekend. It briefly hit $79,100, a five-week low, after sellers pushed it down from a recent peak near $85,000. Bitcoin’s market capitalisation stood at about $1.61 trillion, with market dominance at 60%. Most major altcoins were little changed. ETH and XRP posted small losses, while ZEC and HYPE gained. QNT led the movers, rising nearly 18% to $221, and ENA climbed 6.6% to above $0.20. The total crypto market cap was roughly unchanged at $2.68 trillion. Bitcoin’s ability to hold the $80,000 level and upcoming market events may drive further volatility.