Crypto News

Bitcoin and other major cryptocurrencies edged lower as investors weighed sticky US inflation and a sharp tech-sector sell-off. Bitcoin and Ethereum each fell 0.8% in the reported market snapshot, while Litecoin dropped 2.7% and XRP slipped 0.1%. US CPI inflation rose 3.7% year over year in September, matching forecasts but accelerating from 3.4% in August. The Cboe Volatility Index briefly surged about 30% to above 21, its highest level in more than four months, as technology shares struggled. For the week, the Nasdaq fell 4.48% and the S&P 500 lost 1.95%, while the Dow gained 0.67%. Major US banks also reported third-quarter results. The market update points to a cautious macro backdrop for crypto trading: inflation and equity-market volatility may prompt traders to reduce risk, although the reported moves in Bitcoin and other tokens were comparatively modest.

Dragonfly partner Haseeb Qureshi challenged DFINITY founder Dominic Williams’ allegation that NEAR Intents used DFINITY’s threshold ECDSA signing technology without authorization. Qureshi said the relevant patent was granted only in late July, and NEAR Intents changed its algorithm in September, leaving roughly a month between patent approval and the change. He also noted that the algorithm was first published in a CC BY-licensed academic paper, which NEAR cited in its implementation. The dispute concerns patent timing, the basis for using the technology and whether NEAR’s implementation infringed the patent. The claims are public statements from the parties; no independent finding of infringement is reported.

This week’s token unlocks include Falcon Finance (FF), Collector (CARDS), Kamino (KMNO) and EigenLayer (EIGEN), spanning DeFi infrastructure, collectibles, liquidity management and Ethereum restaking. The largest reported unlock is Falcon Finance’s 210 million FF tokens, worth about $20.68 million and representing more than 6% of its circulating supply, according to the article. Kamino is set to unlock 230 million KMNO tokens, valued at about $9.34 million. EigenLayer will release 36.81 million EIGEN tokens, worth about $7.62 million. The article gives no token quantity or value for Collector’s CARDS unlock. These scheduled token unlocks could increase tradable supply, although the report does not specify how much unlocked supply will be sold.

Nova Capital argues that the recent semiconductor pullback is overdone and may offer an attractive entry point for investors in the iShares Semiconductor ETF (SOXX). The article points to robust earnings growth, record-high forward net profit margins and sector valuations below the S&P 500, despite stronger expected growth. It contrasts current conditions with the 2001 technology crash, noting that hyperscalers still generate strong operating cash flows and have maintained ambitious spending plans. Goldman Sachs and S&P Global projections suggest hyperscaler capital investment could approach $1.2 trillion in 2027 and beyond. The author sees declines toward key 200-day moving averages as potential long-term buying opportunities. The main risk is a sudden cancellation or reduction of customer budgets. The semiconductor pullback thesis therefore depends on continued earnings growth and sustained AI-related infrastructure spending.

JUST has upgraded its JST buyback and burn program, adding GasFree revenue to funding from JustLend and USDD. The protocol says it will maintain a $50 million treasury reserve and direct funds above that floor to buybacks. An initial $20.34 million in surplus capital is set to be deployed across four rounds starting in Q4 2026. The JST buyback mechanism will use continuous open-market purchases, with tokens burned periodically. JUST DAO will manage execution, with transactions verifiable on-chain. GasFree, which allows users to pay transfer fees in the tokens they send, has processed more than $157.1 billion in stablecoin transfers across over 9.14 million transactions, according to the article. It reportedly generated about $12.03 million in cumulative revenue through Q3 2026. The expanded funding base could strengthen JST’s long-term value-accrual model, but the planned capital deployment begins in Q4 2026. The announcement does not guarantee a particular price impact; traders may also weigh execution, revenue growth and broader market conditions.

The UK Financial Conduct Authority (FCA) says crypto apps that choose trading venues or execution routes for customers may need authorisation under new rules due to take effect on 25 October 2027. The draft guidance, CP26-36, covers apps making choices based on price, liquidity, cost or execution speed. Changing an order, deciding when to execute it, or selecting a route based on counterparty risk or expected outcomes may count as discretionary involvement. Automation does not exempt an app’s developer or operator, while interfaces that only relay instructions without affecting execution may qualify for a technical-services exemption. Existing UK crypto firms can apply for authorisation from 30 September 2026 to 28 February 2027. The consultation closes on 18 November; the FCA aims to publish final guidance in January 2027, while the consultation document also refers to spring. The proposal could increase compliance obligations for crypto trading apps and route-selection services.

Argentine President Javier Milei named five journalists in an Oct. 23 post attacking coverage of the LIBRA investigation, after a judge dismissed the criminal case against him, his sister Karina and nine other defendants. Milei accused critics of spreading falsehoods and asked who would compensate him for alleged reputational damage. His claims were not independently established in the reports.

The article presents Latin America’s resource boom as a potential source of diversification for investors concentrated in AI-related assets. It highlights copper, gold and emerging-market growth as key themes. It also argues that as emerging economies diversify away from the US dollar, gold could gain appeal as an alternative reserve asset. The provided article text ends before giving further details or specific data.

Bitcoin whale activity drew attention after Lookonchain reported that 40 newly created wallets withdrew 9,458 BTC from Wintermute since Oct. 1. The transfers were valued at $771.5 million, implying about $81,571 per BTC, but do not confirm the coins were bought at that price—or that the wallets belong to separate investors. Commentator Ash Crypto cited a similar estimate of $780 million without providing a full reconciliation. A separate post by Lucky highlighted a 32,380 BTC daily inflow, described as the largest since April. The chart did not identify the wallets or prove the movement represented new purchases. Crypto Rover also promoted Bitcoin’s bull market support band as a buying signal, but gave no specific invalidation level. For traders, the figures may support speculation about whale accumulation, but transfers alone do not establish net demand or a reliable price signal. Custody changes, hedging and over-the-counter activity can also move large amounts of BTC.

Abraxas Capital’s wallet has recorded a record $193 million in cumulative profits from Hyperliquid perpetual futures. The gains are not purely directional: the wallet’s positions are hedged with spot assets. It holds about $207 million in USDC, has traded $5.43 billion in total volume and has roughly $7.25 billion in open positions, alongside sizeable BTC, ETH and SOL holdings. The scale of Abraxas Capital’s activity makes its Hyperliquid positions worth monitoring, but the reported profit alone does not indicate a bullish or bearish market view.

Electrum has released version 4.8.3 to fix a critical security issue and urged all users to upgrade. The wallet’s GitHub changelog labels the release a security update, dated October 23, 2026. Electrum has not yet disclosed technical details of the vulnerability, saying they will be published later. Users should download Electrum only from its official website and verify the GPG signature to confirm the software’s authenticity and integrity.

Arthur Hayes has reduced $26.08 million in token holdings and says he has sold his ETH, ENA and UNI positions. He expects the crypto market to fall before recovering. His moves add to bearish signals, although they do not confirm a broader market trend. On-chain data shows one address holding a 715,300 HYPE short worth $54.57 million, with an unrealized profit of $5.56 million. Another trader closed a SOL long and opened a $10 million SOL short. These positions point to rising downside bets in HYPE and SOL. The outlook is not uniformly negative: trader Killa said Bitcoin’s price pattern resembles 2023 and could remain bullish if BTC holds the upper end of its range. Traders will be watching Bitcoin’s key range levels and whether short positions grow or are forced to close.

Ethereum co-founder and ConsenSys founder Joseph Lubin says AI and crypto could converge on Ethereum, with blockchain providing the trust layer for automated work. In a CNBC interview on October 7, 2026, he argued that AI can offer creativity and expertise, while Ethereum can record requests, verify completed tasks and settle payments without a traditional intermediary. This could allow AI agents to hire other agents and pay them on-chain. Lubin has also described Ethereum as a potential settlement layer for growing autonomous on-chain activity. His EthSystems initiative is focused on privacy technology for institutions using Ethereum. He also expects regulatory guidance from the SEC and CFTC, despite delays to legislative efforts. The comments outline a long-term use case for Ethereum and AI, but the article reports no immediate product launch, adoption figures or market-moving announcement.

Injective CEO Eric Chen met with White House, SEC and CFTC officials in October to discuss regulated onchain finance and real-world asset (RWA) tokenization. The company disclosed no specific outcomes or new approvals. The talks build on Injective’s SEC transfer agent registration in August 2026, which allows it to maintain ownership records for tokenized securities. Injective says its network hosts more than $1 billion in tokenized RWA value and has recorded over $5.3 billion in cumulative RWA perpetual trading volume. The company has also advocated for a development window for DeFi projects, while the SEC’s Innovation Exemption may create new pathways for financial technology. For traders, the meetings signal continued engagement between crypto firms and US regulators, but do not guarantee more permissive rules. Any longer-term boost to Injective or tokenized assets will depend on regulatory decisions and institutional adoption; the reported network figures are company-provided.

UE Crypto is promoting cloud mining contracts as a way to earn passive income amid cryptocurrency market volatility. The platform says users can deposit assets, select a mining plan and receive returns automatically, without buying or maintaining mining equipment. UE Crypto advertises contracts ranging from $500 for five days to $10,000 for 35 days. It claims the plans can generate returns of $31.50 and $5,530 respectively, in addition to users’ principal. These figures are promotional claims and are not independently verified. The article also cites account bonuses and describes security measures including two-factor authentication and hot and cold storage. The piece is third-party promotional content and explicitly says the publisher does not endorse the platform. Traders should note that advertised returns are not guaranteed; cloud-mining services carry counterparty, operational and potential fraud risks. The claims do not indicate a change in Bitcoin fundamentals or market direction.

Tempus AI is positioning itself in AI-driven drug discovery and precision healthcare by combining proprietary clinical data, specialised models and integration into diagnostic workflows. Its multimodal database may give the company an advantage over software firms that lack access to clinical records, which are often restricted by regulation and held in separate data silos. The article argues that access to general-purpose AI models alone is not a lasting competitive edge. Tempus AI is held by the ROBO Global Artificial Intelligence ETF and the ROBO Global Healthcare Technology and Innovation ETF.

RedotPay has acquired Japanese crypto exchange BTCBOX as it seeks to offer services in Japan through a locally registered operator. RedotPay does not currently hold a Japanese crypto asset exchange licence and said its existing services for Japanese residents do not meet local regulatory requirements. It has stopped new registrations in Japan and removed its app from the country’s Apple and Google app stores, while planning to restrict and eventually end those services in stages. Founded in 2014, BTCBOX obtained exchange registration in September 2017. It suspended all services after a customer data leak in January and began a phased restart on 3 August. RedotPay said it will provide BTCBOX with funding and technology support.

CoreWeave’s financial strain is raising questions about Nvidia’s roughly $500 billion AI financing commitment and the health of the neocloud sector. CoreWeave, alongside Nebius and IREN, rents Nvidia-powered computing capacity to AI developers. Rising borrowing costs and a sell-off in AI-related bonds have increased pressure on these companies. CoreWeave’s credit-default-swap spreads have risen sharply, signalling that investors see greater credit risk; this is not confirmation that the company will go bankrupt. Traders will be watching for debt restructuring, covenant breaches, emergency financing and changes to major customer contracts. The strain could test Nvidia’s ability to support its AI cloud partners as credit conditions tighten.

Nvidia CEO Jensen Huang said demand for AI computing from specialised cloud providers, known as neoclouds, is “off the charts,” but financing is not keeping pace. Speaking at Nvidia’s GTC event in Berlin on October 22, 2026, he said AI chip orders are arriving nearly every week, sometimes daily, while neoclouds face high upfront costs for chips, data centres and power. Nvidia is working with financial institutions to mobilise more than $500 billion in third-party capital for AI infrastructure. Huang expects the funding gap to narrow but gave no timetable. CoreWeave, a debt-funded neocloud operator, is facing scrutiny over its expansion strategy. The financing concerns coincided with a sharp technology sell-off: the Philadelphia Semiconductor Index fell about 6.7%, its biggest one-day drop since June, with all 30 constituents down, while the Nasdaq Composite lost 2.6%. For Nvidia and the broader AI trade, strong AI demand may support future chip sales, but tight financing could delay purchases and increase volatility.

Five major listed Bitcoin miners—IREN, Core Scientific, Bitfarms, TeraWulf and Cipher—are shifting electricity and infrastructure to artificial intelligence (AI) and high-performance computing. Together, they produced 7,075 BTC during the period covered, down 47% from 13,263 a year earlier, while announcing more than $50 billion in AI and HPC leases. IREN, Core Scientific and TeraWulf each cut Bitcoin production by more than half. Despite the pullback by these firms, Bitcoin network hash rate has recovered 11.7% from its August low and is now less than 9% below its record. The network added 105 exahashes per second (EH/s) after the low, more than offsetting an estimated 35 EH/s leaving with the AI-focused miners. Newer equipment and capacity from private, sovereign-backed and non-US operators are helping fill the gap. Meanwhile, MARA, CleanSpark, Riot, HIVE and American Bitcoin raised combined output by 16% year over year. Bitcoin’s price recovery has also improved miner revenues and eased pressure to sell BTC to cover costs. For traders, the data points to a major shift in Bitcoin mining toward AI infrastructure, but not an immediate collapse in network capacity or a clear surge in forced BTC selling.

Succinct disclosed a high-severity reliability vulnerability in its SP1 zero-knowledge proof system. The flaw affected native Rust verifiers from versions 6.0.0 to 6.8.0 and could have allowed the mainnet Prover Network to accept proofs of invalid executions. The SP1 vulnerability stemmed from verifiers checking data labels without confirming that the stored element count matched the dimensions claimed. Fixed-shape Groth16 and Plonk checks, as well as on-chain Solidity verifiers, were not affected. Succinct released version 6.8.1 on September 24, adding a deserialization length check, and deployed it to mainnet. The issue was reported by Vitalis Salis through Immunefi. Users running native Rust verifiers and accepting proofs from untrusted provers should upgrade to 6.8.1.

A wallet previously linked in reports to scams targeting Coinbase users transferred 3 million sUSDS to a new wallet. After swapping the tokens, the funds were deposited into Tornado Cash in 36 transactions, totaling 1,389.6 ETH. The reported movement highlights the use of crypto mixers to obscure fund flows, but the article provides no evidence of a wider market impact. Traders may monitor on-chain activity and any subsequent exchange or law-enforcement response related to the Tornado Cash deposits.

A Motley Fool analysis says Solana has stronger network activity and stablecoin usage than XRP, potentially supporting more positive sentiment towards SOL. Solana processed 3.18 billion non-vote transactions in September 2026 and had 888,000 daily active addresses. Its stablecoin supply was estimated at $17.3 billion to $17.5 billion. XRP Ledger recorded 222.4 million transactions in the second quarter of 2026 and held $1.11 billion in stablecoins. The analysis notes that XRP transactions were heavily concentrated in automated activity. The figures cover different reporting periods and may not be directly comparable. For traders, the metrics could strengthen the near-term narrative around Solana, but they do not guarantee price gains. Sustained activity and stablecoin growth will matter, alongside broader market conditions and regulatory developments.

The S&P 500’s expected earnings growth for Q2 2027 has fallen to 3.6%, its weakest quarterly pace since Q2 2023, when earnings declined 2.8%. The outlook for Q3 and Q4 2027 remains stronger, but Q2 could face a difficult comparison with Q2 2026, when semiconductor stocks and overall S&P 500 earnings and revenue performed strongly. The article also says a rate hike at the October 28 FOMC meeting is considered highly unlikely, while markets are expected to look for a 25-basis-point increase at the December 9 meeting, taking the midpoint of the federal funds rate to 5%. The headline references September PCE inflation and earnings reports from three hyperscalers, but the supplied article text provides no details on those topics. For traders, the key signals are the S&P 500 earnings outlook, semiconductor-sector comparisons and changing expectations for Federal Reserve policy. These may affect broader risk sentiment, although the article does not directly discuss crypto markets.

Emerging market debt attracted net inflows in 2025 after several years of outflows, and the trend has continued into 2026, according to Neuberger’s Rob Drijkoningen. He attributes renewed investor interest to improving confidence in the creditworthiness of emerging-market countries. Drijkoningen favors local-currency debt and says the asset class could help diversify portfolios heavily concentrated in US exposures. The article does not provide flow totals or country-level data, but the continued inflows point to stronger investor appetite for emerging market debt.

The commentary warns that a global deleveraging cycle may be accelerating, raising the risk of contagion across financial markets. South Korea’s tech-heavy KOSPI fell 2.8% on Thursday; Samsung dropped 4% and SK Hynix lost 5.5%. The author also points to hedge funds’ large, leveraged European bond positions and vulnerability in highly leveraged US Treasury and bond markets. Separately, after CoreWeave shares fell 25% the previous week, Goldman Sachs upgraded the stock to Buy and raised its price target to $139. The article does not discuss cryptocurrencies directly, but its warning about systemic deleveraging is relevant to crypto traders because shifts in risk appetite and forced selling can affect volatile assets.

Trader Killa says Bitcoin (BTC) is showing a pattern similar to its 2023 price action. After breaking out of a consolidation range and setting a higher weekly high, BTC in 2023 held above the range’s former high and went on to form a higher low. Killa says BTC could follow a similar path if it holds above the previous range’s upper boundary. In that scenario, the price may find support above the earlier low of $74,000 and rebound, keeping the broader trend bullish. The comparison is a technical-market view, not confirmation that the pattern will repeat; traders may watch whether BTC sustains support at the range top.

Machi Big Brother (Huang Licheng) sold three Mutant Ape Yacht Club (MAYC) NFTs on OpenSea on 23 October for 1 ETH each. Lookonchain said two of the NFTs had been bought three years ago for 6.13 ETH and 7.5 ETH, implying an approximately 85% loss on those two purchases. Its stated loss figure does not match the difference between the cited purchase and sale prices. As of 24 October, Machi Big Brother’s Hyperliquid account had an estimated net value of $21,700 and held a 315 ETH long position with 25x leverage. The position’s liquidation price was $2,336.93, less than 1% below ETH’s reported market price of about $2,359. Lookonchain suggested the NFT sales were to fund further trading, but the article said it provided no transfer record confirming that explanation. The sale is notable as a sign of pressure on one highly leveraged trader, rather than a clear signal for the wider crypto market.

Micron Technology plans to introduce a new generation of high-bandwidth memory (HBM) every year through 2030, as it focuses its memory roadmap on artificial intelligence and high-performance computing. The plan runs from HBM4 in 2026 to HBM6 in 2030, with custom HBM and vertical HBM expected from 2028. Micron says its vertical HBM, or vHBM, is designed to deliver about 2 TB/s of bandwidth while using less than 1 picojoule per bit. The company is also exploring flash storage that GPUs can access more directly, potentially expanding the pool of data available to AI systems at lower cost than HBM. Micron expects its 1δ DRAM node and G11 NAND to enter volume production in the second half of 2027. It projects mid-20% higher DRAM bit density, while G11 NAND—with more than 400 layers—is expected to offer roughly twice G9’s bit density, faster I/O and over 25% lower energy use per data transfer. Micron expects memory supply to remain tight through fiscal 2028. Strategic customer agreements reportedly cover nearly 35% of sales through 2030. The roadmap signals growing demand for AI memory, but production delays, yield challenges and any slowdown in AI investment could affect delivery and adoption.