Crypto News

An Ethereum Foundation-linked wallet reportedly sold 2,785 ETH through CoW Swap on 26 October, receiving about $6.42 million in USDS at an average price of approximately $2,304 per ETH. The orders were split into several batches over less than an hour, and some of the USDS was reportedly deposited into sUSDS. On-chain monitors identified the wallet as linked to the Ethereum Foundation, but the Foundation has not confirmed its ownership or the purpose of the sale. The wallet reportedly still held about 15,000 ETH after the transactions. The sale adds to speculation about Ethereum Foundation ETH sales, following reports of related wallets depositing 4,393 ETH to Kraken earlier in October. ETH was trading near $2,315 at the time of publication.

Crypto conferences KBW Seoul and TOKEN2049 Singapore signalled a shift in the industry rather than a collapse in activity. Attendance remained strong, but attention moved from exhibition floors and token launches to institutional meetings, revenue-generating products and market infrastructure. In South Korea, banks and financial firms are pursuing exchange stakes, licences and payment channels. The unresolved question is who can issue a won stablecoin, while the central bank’s Project Hangang is testing an intermediary model between CBDCs and stablecoins. The country’s STO law is due to take effect in February 2027. In Singapore, traditional finance leaders focused on custody, tokenisation, liquidity and settlement rails. The Monetary Authority of Singapore has proposed stablecoin rules requiring full reserve backing, asset segregation and regular audits. AI agents dominated conference discussions in both cities, but speakers acknowledged that meaningful on-chain transaction volumes remain limited; stablecoins are seen as a likely payment method as the technology develops. Trading activity is shifting towards established platforms and products. Hyperliquid’s HIP-3 markets recorded about $6.65bn in cumulative volume in a year, while Kalshi and Polymarket together saw roughly $45.3bn in August volume. The article also points to growing interest in crypto businesses with measurable revenue, including AI products and trading apps, while warning about market concentration, regulatory gaps and reliance on self-reported earnings. Overall, crypto activity persists, but speculative narratives are giving way to institutional infrastructure and revenue-led projects.

The Nikkei 225 fell 0.80% to close at 62,189.65, while South Korea’s KOSPI dropped 1.45% to 5,469.59 on 26 October 2026. The declines in both Asian stock indexes may inform broader risk-sentiment monitoring, but the report provides no direct link to cryptocurrency markets.

Samsung Electronics and SK Hynix plan to begin mass production and shipments of 8-layer HBM4 memory for Nvidia around the second quarter of 2027, according to a ZDNet Korea report cited by Odaily. An industry source said the memory is expected to be used in Nvidia’s Rubin Ultra-based NVL rack-scale systems. While 12-layer HBM4 remains the main focus this year, the share of 8-layer HBM4 is expected to rise significantly from mid-2027. The planned HBM4 deliveries highlight continued demand for advanced memory in AI hardware, but the report does not indicate a direct change to cryptocurrency supply or trading conditions.

A Hyperliquid user says their wallet was flagged as high risk after a friend repaid a loan using funds from HTX, formerly Huobi. The user says they had never used HTX and did not know the exchange was subject to sanctions. Hyperliquid has not publicly explained the specific transaction or screening criteria behind the flag, and no automatic restriction mechanism has been confirmed. The case echoes a June complaint from another trader, who said three wallets were restricted from Hyperliquid’s official interface after HTX-related transactions. The trader reported more than $210 million in trading volume, over $60,000 in trading fees and $50,000 in builder fees. They also said the restrictions prevented them from claiming Kinetiq Season 2 rewards, though the October complainant said they had claimed their rewards. The reports follow UK sanctions against Huobi Global S.A. on May 26 over alleged financial links to Russia-related entities. HTX has disputed the sanctions’ application to its exchange operations. Other platforms have also reviewed or limited HTX-linked transfers. The complaints highlight the risks of third-party wallet screening: an indirect or unwanted transfer may trigger review, but platforms—not screening providers—decide whether to restrict access.

LND’s v0.21.5-beta.rc1 release candidate adds a cap to fee estimates received from external APIs, limiting extreme values before they reach fee-sensitive wallet operations. The ceiling is 10,000 satoshis per virtual byte; the API’s minimum-relay estimate is also bounded. The limit is a safeguard against faulty or compromised upstream data, not a recommended or typical Bitcoin transaction fee. The pre-release also fixes a deadlock in LND’s native SQL connection pool. It requires no database migration and includes instructions for verifying release signatures and binaries. Those checks establish the authenticity of a download, but operators still need to test the candidate in their own environments before deployment. The changes address Bitcoin node and wallet reliability, with no direct change to Bitcoin’s protocol or market fundamentals.

BlackRock’s Q4 2026 fixed income outlook, attributed to Rick Rieder, Tom Parker and Pat Haskell, argues that higher yields have changed the bond-investing landscape. Investors need to assess the duration, credit and structural risks behind bonds offering similar yields, rather than focus on income alone. Higher starting yields can provide income and a cushion against volatility, potentially reducing reliance on precise interest-rate forecasts. BlackRock also points to diverging economic cycles and valuations as sources of relative-value opportunities across countries, sectors and issuers—opportunities that broad market exposure may miss. The excerpt does not provide specific forecasts, yield figures or cryptocurrency recommendations.

Upbit has added Initia (INIT) to its trading-warning list and suspended INIT deposits and withdrawals, according to an official announcement. The notice does not specify the reason for the warning or when the services may resume. Traders should monitor further updates from Upbit, as the warning and transfer suspension may affect INIT liquidity and trading activity on the exchange.

Binance will launch USDT-margined perpetual contracts for EIDO, EQT, STM and ABBV between 09:00 and 09:15 UTC on 26 October 2026, according to an official announcement. The Binance perpetual contracts will offer leverage of up to 20x and support Multi-Assets Mode. The announcement concerns new trading products and does not indicate a change in the direction of the wider crypto market.

Monero developer jpk68 is seeking 45 XMR to fund three months of full-time work on the network’s privacy features, wallet software and core code. The proposal had raised 31.04 XMR from 42 contributors by October 26, leaving 13.96 XMR to reach its target. Planned work includes adding Tor Control protocol support to Monero’s daemon to automate onion-service setup, exploring I2P connections through remote nodes, improving the graphical wallet, reviewing code and fixing bugs. The request is listed through Monero’s Community Crowdfunding System (CCS), which funds development through donations rather than a dedicated foundation treasury. The proposal remains short of its goal.

A top-four Hyperliquid BTC long added 302.5 BTC after prices fell, following a $2.15 million margin top-up, according to on-chain analyst Ai Yi. The trader opened the 30x leveraged position on 23 October and now holds 795.02 BTC, worth about $63.65 million. With an entry price of $81,168.6, the position was showing an unrealized loss of about $878,000. The address also holds a long position of 4,717 ZEC, worth about $5.67 million, opened at $1,195.7. The Hyperliquid BTC long reflects one trader’s continued bullish positioning, but its leverage and unrealized loss also leave it exposed to further declines.

The crypto market update features major short positions, Ethereum transfers and project developments. Two accounts linked to Abraxas Capital hold more than $1.29 billion in short positions and have accumulated over $353 million in profit, according to the report. The size of the bets highlights how leveraged positioning could amplify price moves if the market turns against them. The Ethereum Foundation sold 2,785 ETH through CoW Swap. Separately, an Ethereum ICO-era whale moved 5,000 ETH after 11 years of inactivity, with 1,500 ETH sent to a centralised exchange. Exchange inflows can raise expectations of selling, although they do not confirm that a sale has taken place. These Ethereum sales and transfers may therefore attract short-term trader attention. Other updates include a report that 49 Bloom Trading user addresses lost about $954,000 in a suspected wallet-draining attack, and a statement from ai16z founder Shaw that reverse-engineering Pump.fun contracts requires byte-level accuracy rather than a simple copy. Bonk Guy said he was positioning for the next market cycle. Vitalik Buterin argued that AI restrictions should be based on use cases rather than users’ identities.

Binance founder Changpeng Zhao (CZ) says cryptocurrency could become the native payment method for AI agents, which may need to make fast, frequent microtransactions that traditional bank accounts and credit cards cannot easily support. In an interview with Japan’s PIVOT, he said the number of AI agents could eventually reach hundreds or even millions per person, and that agent-driven transactions could be 1,000 to 1 million times faster. He expects adoption within about five years, with regulation and user uptake—not technology—as the main hurdles. CZ also welcomed Japan’s proposed shift in crypto taxation from rates of up to about 55% to roughly 20%, saying it could help bring trading activity back to the country. He urged Japan to advance yen stablecoins and the tokenisation of assets such as stocks, bonds and property. Separately, he cited Binance’s early user reimbursements and service as factors that helped build trust, and said its Japan arm is now licensed. The interview presents a long-term case for AI and crypto adoption, rather than an immediate market catalyst.

Foundation warns that phishing emails impersonating CEO Zach Herbert are falsely claiming a supply-chain vulnerability in Passport hardware wallets. The messages target Founder’s Edition, Core and Prime users and direct them to a fake recall website that asks for 12-word recovery phrases. The Foundation Passport phishing campaign is not evidence of a confirmed hardware flaw or product recall, and no thefts or losses have been independently verified. Anyone who shared a recovery phrase should treat the wallet as compromised and move remaining funds to a new wallet with a fresh phrase; changing a PIN or updating firmware is not enough. The incident adds to recent phishing campaigns targeting hardware wallet users, but Foundation has not said how many people received the emails or whether any phrases were collected.

PancakeSwap has urged holders of CAKE on opBNB to bridge their tokens to BNB Chain before 00:00 UTC on November 23. LayerZero is ending offchain support for opBNB, which will discontinue the route used to move CAKE off the network. The advisory was issued on October 26. The change affects CAKE held on opBNB, not all CAKE holders. PancakeSwap’s cross-chain bridge uses third-party providers and supports transfers between eligible networks. Holders who miss the deadline may have difficulty accessing or moving their opBNB-based CAKE through this route. Separately, a PancakeSwap governance proposal would cut daily CAKE emissions from 22,500 to 7,000 tokens, a reduction of about 69%, and increase the share of trading fees allocated to liquidity providers to 88%. The proposal has not been adopted. Traders should monitor the November 23 bridge cutoff and the governance decision, as the latter could affect CAKE’s token supply and liquidity incentives.

INIT fell nearly 13% in 24 hours to 0.13978 USDT, according to OKX market data on 26 October 2026. The drop followed Upbit’s decision to place Initia (INIT) on its trading warning list. The notice may raise concerns among traders about trading risks and could add short-term selling pressure on INIT.

A Bitcoin wallet bug in Electrum allowed malicious servers to replace pending payments with fake transactions. Users who tried to speed up those payments using Replace-by-Fee (RBF) could unknowingly sign a valid transaction sending their bitcoin to an attacker. Electrum confirmed at least one theft; the amount and the servers involved have not been disclosed. The flaw affected how Electrum checked unconfirmed transactions supplied by external servers. Attackers could make a fraudulent payment appear pending, and in one reported case used a receiving address with the same last four characters as the intended address. Electrum released version 4.8.3 on Oct. 24, adding signature checks. Earlier versions may remain vulnerable when connected to malicious servers. Users should upgrade Electrum and verify payment addresses and amounts before signing. The developers said users connected only to trusted servers, including their own, were not exposed. The Bitcoin wallet bug is a security risk for affected wallet users, rather than evidence of a flaw in Bitcoin’s network or consensus rules.

US forces in the Middle East are reportedly prepared to launch a potentially large operation against Iran within 96 hours of an order from President Donald Trump. The plans have not been publicly confirmed by the White House or the Pentagon, and no attack has been ordered. Officials familiar with the planning say a decision could come before the end of the year, but is considered more likely after the US midterm elections. Potential targets could extend beyond military assets to energy infrastructure and nuclear-related facilities. The reports have heightened attention to oil prices and risk appetite. Brent crude was about $109.60 on October 26, while Bitcoin traded near $79,900, down slightly over 24 hours. A major escalation could push oil higher and weigh on risk assets, including cryptocurrencies, although Bitcoin’s response may vary as traders reassess its role as a hedge. The reported plans remain unverified; traders are watching official US statements, military developments and oil-market data.

Reflect’s Create lets projects issue branded, yield-bearing tokens using approved collateral in a single transaction. Promoted by Solana on October 22, the product also allows issuers to decide how interest from the underlying assets is split between them and token holders. The yield comes from the collateral, not from the branding or issuance process. Reflect says wrapped positions may carry additional risks from lending markets that receive the reserves. Basket tokens can also hold assets with correlated risks, while routing through Jupiter and Titan may ease minting and redemption without guaranteeing liquidity or a particular redemption value. For traders, the key considerations remain the quality and liquidity of the collateral, the source and distribution of yield, and the issuer’s share. Reflect Create makes token issuance more accessible, but it does not remove the financial risks of the assets behind each token.

Polymarket traders raised the probability that Predict.fun will launch a token by 31 October to 22%, up 10 percentage points over 24 hours. The probability of a launch by 30 November reached 97%, up 14 percentage points. Under the market’s settlement rules, a token must be officially launched and publicly transferable and tradable; an announcement alone does not qualify. The odds reflect market expectations, not confirmation from Predict.fun.

An early Ethereum ICO participant has moved 5,000 ETH after holding the tokens for about 11 years, according to on-chain analyst Ember. The whale acquired 100,000 ETH in 2015 at $0.311 each, spending about $31,000. Six months later, the investor sold 50,000 ETH at $5.47 each, reportedly making a 17-fold profit. The remaining 50,000 ETH had stayed put until now. Of the 5,000 ETH moved within two hours, 1,500 ETH—worth about $3.45 million at the time of the report—was sent to a centralized exchange. The transfer may indicate potential selling activity, but an exchange deposit does not confirm that the ETH has been sold.

Foundation phishing emails may be reaching people beyond its customer base, according to Bitcoin News on X. A former job applicant reported receiving a suspicious email, raising concerns that the campaign—or a potential data leak—could affect people who previously contacted Foundation. Anyone who has communicated with the organization through any of its email addresses should remain alert and avoid clicking suspicious links or sharing sensitive information. The report did not confirm the scope or cause of the incident.

Bitcoin fell nearly 2% to about $79,800 during Asian trading as investors reduced risk ahead of Wednesday’s Federal Reserve meeting. Ether and XRP each dropped nearly 3%, while Solana, Dogecoin, Zcash, Hyperliquid and BNB also declined. Tron was slightly higher. Traders are focused on whether Fed Chair Kevin Warsh signals a possible December rate rise. Higher interest rates could tighten liquidity and weigh on cryptocurrencies and other risk assets. Weakness in Asian technology shares, including a 1% fall in South Korea’s Kospi after Goldman Sachs cut its 12-month target for the index by 25%, added to the cautious mood. Bitcoin needs to recover $82,500, a level it lost last Thursday, to strengthen the case that the decline is only a pause. The Fed’s guidance and broader market sentiment are likely to shape near-term trading.

Timothy Wadsworth was sentenced to 51 months in prison for conspiracy to commit wire fraud and money laundering in a scheme involving unauthorised credit card payments processed through Stripe. The US Department of Justice said he must also pay $810,965.19 in restitution and forfeit $810,956.19 in proceeds from wire fraud. From 10 March to 15 May 2020, Wadsworth used account details provided by co-conspirators to attempt 310 payments worth about $1.67 million. Of those, 116 payments succeeded, generating roughly $730,700. Some funds moved through bank accounts he controlled and were used to buy Bitcoin on Coinbase before being transferred to co-conspirators. The wider scheme, which also involved disaster and pandemic relief loans and unemployment benefits, caused actual and expected losses of about $2.06 million. The case highlights the use of cryptocurrency in laundering fraud proceeds, but does not allege wrongdoing by Bitcoin or Coinbase.

ai16z founder Shaw says the Pump.fun contract reverse-engineering effort aims to reproduce the original code byte for byte, including its bugs and flaws, rather than build a functionally similar version. Developers are invited to use AI tools and contribute through GitHub. Shaw argues that open-source smart contracts improve security reviews, citing more than $40 million in losses over the past year linked to serious vulnerabilities in closed-source contracts. He also plans to use tokens previously bought back with meme coin fee revenue as bounties for contributors. Shaw earlier said the Pump.fun contract work was about 90% complete and was expected to finish that night.

US-Canada trade talks are gaining momentum, with White House economic adviser Kevin Hassett saying the two countries are close to a deal. Commerce Secretary Howard Lutnick has been in contact with Canadian officials during the past week. Separately, Republican lawmakers challenged Elon Musk’s claim that Ukraine breached Starlink’s terms of service by using the satellite network for offensive drone strikes. The debate highlights Starlink’s role in the war and the limits of private control over communications infrastructure. A separate report said US executives quit an Alaska gas venture over alleged Russian funding. The dispute underlines the regulatory, sanctions and geopolitical risks facing Arctic energy projects. These political and business developments could affect trade and energy markets, but the article reports no direct cryptocurrency news.

Tron Inc. (Nasdaq: TRON) bought 150,997 TRX at an average price of $0.3311, according to Onchain Lens. The purchase was worth about $50,000 and brings the company’s TRX reserves to more than 720.5 million tokens. The latest TRX purchase adds to the company’s holdings, though its relatively small size may limit any immediate effect on the market.

Bonk Guy says he is positioning for a potential crypto market rally despite widespread pessimism. Citing historical cycle data, he says bull markets have lasted an average of about 1,060 days, or 74% of a cycle, compared with roughly 380 days, or 26%, for bear markets. He argues that investors may find opportunities during periods of low sentiment rather than waiting for a confirmed recovery and a return of buying interest. The figures describe past cycles and do not guarantee future market performance.

US-Iran tensions have risen after two US officials said American forces in the Middle East could launch a new military operation against Iran within 96 hours of an order from President Donald Trump. The officials described the potential action as possibly large-scale and broader than previous strikes on radar, missile launchers and other military assets. No attack has been ordered. Some current and former officials believe a decision could come before the end of the year, potentially after the US midterm elections. The reports may put US-Iran tensions and geopolitical risk back in focus for traders.