Crypto News

DeFi tokens that increased revenue distributed to holders outperformed Bitcoin during a two-month period of BTC price consolidation. Among 19 major DeFi tokens, those with growing holder revenue gained a median 18.3%, compared with 6.9% for the rest; 14 of the 19 beat BTC. Raydium rose 178%, while analysts cautioned that revenue growth and low valuation multiples do not guarantee future gains. Hyperliquid’s HYPE also faced significant monthly token unlocks. The briefing also covers Aave founder plans for Aavenomics 3.0, including AAVE buybacks, staking and burns; US regulator OCC’s final GENIUS Act rules for stablecoin issuers; and a16z Crypto’s rebrand to a16z Frontier, with the firm saying it will continue investing in crypto. Separately, Standard Reserve is developing liquidity markets for tokenized stocks, while crypto trading frontends are attracting users by connecting to existing protocols. Together, the updates highlight DeFi tokens, holder returns, stablecoin regulation and the growth of tokenized real-world assets.

A market commentator says Bitcoin could find strong support between $75,000 and $80,000, citing large buy orders in that range and more than $1 billion in Bitcoin ETF inflows over three days. The view comes amid a broad sell-off in gold, Bitcoin and equities, which the commentator links to elevated oil prices and tensions involving Iran. The article also cites Goldman Sachs data showing hedge funds’ short-to-long positioning at 5:1, with short exposure near a five-year extreme. US household equity holdings stand at a record 48.2% of financial assets, compared with 38.7% during the dot-com bubble. These figures point to mixed signals: the commentator sees Bitcoin support and ETF demand, while warning that broader market conditions remain fragile. The price levels and market interpretation are the author’s opinion, not a guarantee.

FORT Robotics, a developer of safety technology for physical AI, has secured commitments for about $20 million in additional funding. Existing investor Tiger Global is leading a roughly $10 million financing, with Mark Cuban Companies also participating. The round is expected to close this week. Tiger Global has separately committed $10 million to FORT Robotics’ previously announced public-company PIPE, which is expected to close alongside the proposed business combination with Newbury Street II Acquisition Corp (Nasdaq: NTWO). Including earlier PIPE commitments, total committed capital tied to the proposed transaction has exceeded $50 million. The funding supports FORT Robotics’ growth but has no direct connection to cryptocurrency markets.

Bitcoin is back near the $81,000 ETF cost basis that Glassnode identifies as a key support level. A sustained close below it could expose the $70,000 range. Bitcoin dominance has climbed to 60%, while smaller tokens have underperformed; Bitcoin also slipped below $82,000 after briefly topping $84,000. Analysts say ETF flows have tended to follow price moves rather than predict them, leaving traders watching fund flows and Federal Reserve signals for direction. Broader risk concerns include stalled talks over the Strait of Hormuz, rising oil prices, widening technology credit spreads and a sharp sell-off in South Korean shares. These pressures could weigh on risk assets, including crypto. Meanwhile, a proposed Ethereum upgrade could cut transaction finality from about 16 minutes to four, though the plan remains at an early stage. Crypto industry developments were mixed. Andreessen Horowitz renamed its crypto fund a16z Frontier, while saying it will continue investing in crypto alongside other emerging technologies. Coinbase warned that proposed UK rules could effectively restrict regulated platforms from providing access to DeFi. Visa acquisition talks with Fireblocks were denied by Fireblocks. Separately, on-chain investigators and ZachXBT raised concerns about CoinDCX fund movements and disclosure; the allegations have not been independently established in the reports. Overall, Bitcoin’s support level, macro risk and regulatory developments are key near-term trading signals.

Hong Kong’s Securities and Futures Commission (SFC) has listed BTCC as a suspicious virtual asset trading platform. The exchange is operated by Poland-based BTCC Poland Limited, uses only an English-language name and is not licensed by the SFC. The regulator suspects BTCC may be conducting unlicensed activities in Hong Kong. The notice raises regulatory and access risks for local users of BTCC, though the report provides no details of enforcement action or any broader market impact.

Gold fell below $4,000 per ounce, trading at $3,998.62, according to Gate data cited by Odaily on 23 October 2026. Gold was down 2.7% over 24 hours. The report provides no explanation for the decline. The move may be relevant to traders monitoring gold and broader market sentiment, but it does not by itself indicate a change in cryptocurrency market conditions.

Maya has restored on-chain cryptocurrency deposits, allowing verified users in the Philippines to transfer supported digital assets from external wallets and exchanges into the mobile app. Compatible services include Coins.ph, PDAX and Coinbase. Users select a supported token and blockchain network in the app to generate a deposit address or QR code. Transfers and confirmations appear in the transaction history. Maya crypto deposits had previously been intermittently unavailable while compliance and custody integrations were adjusted. In-app trading and conversion to Philippine pesos remained available during that period. The move restores a way for users to bring crypto onto Maya, but the article does not identify specific supported tokens or networks. It is a platform access update rather than a change to the wider crypto market.

JPMorgan analyst Nikolaos Panigirtzoglou says recent actions by the SEC, CFTC and OCC have partly offset the impact of the US Senate’s failure to advance the Clarity Act. These measures may encourage institutional participation in crypto in the short term, but they do not provide the durable framework that legislation could offer. JPMorgan expects the Clarity Act is unlikely to pass this year and may be delayed until 2027. Until broader market-structure legislation is enacted, political and legal uncertainty will remain elevated, with some regulatory measures potentially reversible under a future administration. Market sentiment remains relatively optimistic, and traders are watching for further steps that could make it easier for institutions to enter the crypto market.

Grayscale has published two top-10 rankings of crypto assets based on token-holder yield and adjusted profitability yield. HYPE, LIT and CAKE lead the holder-yield list, while CAKE, LIT and HYPE top the adjusted-profitability ranking. Other assets appearing in the rankings include AERO, UNI, RAY, PENDLE, AAVE, JUP, CRV and SKY. Grayscale says some crypto assets can be valued using cash flows, earnings and capital returned to token holders, rather than relying solely on investment narratives. The rankings offer traders a revenue- and yield-focused framework for comparing tokens, but do not guarantee future returns.

Hakeem Jeffries could become the first Black speaker of the US House of Representatives if Democrats regain control in the 2026 midterm elections. He has not formally said he will seek the role. Democrats are campaigning to overturn the Republicans’ narrow House majority, but redistricting changes and court rulings could affect their chances. The article says prediction markets have shifted away from Republicans retaining control, though the figures shown do not establish a clear change. Election results and Jeffries’ comments are key developments to watch.

South Korea is amending its Foreign Exchange Transactions Act (FETA) to formally classify stablecoins as a means of payment, placing dollar-pegged tokens under a framework similar to that for banknotes. The move aims to strengthen oversight of cross-border transfers and address concerns about money laundering, tax evasion and foreign exchange risks linked to stablecoins. An amendment passed on May 7, 2026, requires virtual asset transfer businesses to register with the Ministry of Economy and Finance. Non-compliant businesses could face up to three years in prison. Authorities are targeting adequate regulatory measures by the end of 2026. The changes are part of a wider regulatory effort. Consultations on South Korea’s Digital Asset Basic Act were reported to be in their final stages on October 22, with a National Assembly review planned for November. The country does not yet have a specific licensing regime for stablecoin issuers. For traders and users, the measures could mean closer scrutiny of stablecoin transfers and higher compliance costs for intermediaries.

US XRP spot ETFs recorded $3.5464 million in net inflows on 22 October, according to SoSoValue data. Franklin XRP ETF (XRPZ) was the only fund to report inflows that day, bringing its cumulative net inflows to $519 million. Total net assets across XRP spot ETFs stood at $1.488 billion, with an XRP net asset ratio of 1.81%. Cumulative net inflows for all XRP spot ETFs reached $1.804 billion. The modest daily inflow adds to the funds’ longer-term accumulation, though one day of flows alone does not establish a broader trend.

A change to Sui’s `cargo-deny-autofix` workflow prevents unrelated open pull requests from stopping daily security scans. Previously, the workflow skipped a run whenever it found an open PR with “Fix cargo-deny advisories” in its title—even if a person had created it. On 21 October 2026, this caused a run to skip because of manual PR #28386, leaving advisories unchecked while the run still appeared successful. The fix retains the title search but also requires the PR’s branch name to begin with `autofix/cargo-deny-advisories-`, the prefix used by the workflow’s own bot-created branches. Tests with live repository data showed that this filter excludes matching human-authored PRs. After the change is merged, a manual workflow run will confirm that the scan proceeds as expected. The update improves Sui’s security-scan reliability but has no direct effect on token trading.

Ali Yahya, a general partner at a16z Crypto, plans to leave the venture capital firm and start a company. He said the project is at an early stage and that his main focus is building infrastructure to empower open software ecosystems. Ali Yahya did not disclose further details about the company. The move follows a16z Crypto’s rebrand to a16z Frontier and its expanded investment focus on frontier startups.

Calle, the developer behind the Cashu ecash protocol, launched BitNotes on October 22. The free, open-source wallet lets users print Bitcoin-backed ecash tokens as physical notes that can be checked offline using a mint’s public keys. BitNotes also supports digital ecash transfers, Lightning payments, Bitcoin funding through Ark, and a bridge to Mobile Money, including Rwandan Francs. BitNotes supports multiple independent Cashu mints, allowing users to route transactions between providers and swap tokens across mints. The app is currently available for Android and macOS under MIT and Apache licences. The launch is an early-stage development, with no disclosed external security audit or adoption figures. Multi-mint support may reduce reliance on a single issuer, but users still depend on mints to redeem tokens. For traders, BitNotes is mainly a Bitcoin payments and self-custody infrastructure development, rather than a direct market catalyst; adoption, audits and mint reliability remain key factors to watch.

A Michigan Democrat has endorsed Republican Mike Rogers in the closely contested U.S. Senate race, citing concerns about Democratic nominee Abdul El-Sayed’s perceived position on security. The endorsement is part of Rogers’s “Democrats for Rogers” effort. Polls reportedly show El-Sayed narrowly ahead as candidates compete for the seat of retiring Democratic Senator Gary Peters. Republican campaign rhetoric has called El-Sayed a “terrorist sympathizer,” but the article says the label has no official substantiation. The endorsement may help Mike Rogers, though its broader effect is unclear. The article also reports a 27% YES market price for a narrow Republican victory margin; traders should note this reflects prediction-market sentiment, not a direct signal for crypto assets.

OpenAI is reportedly nearing a funding round of up to $30 billion, led by investors from the United Arab Emirates. The deal would value the company at about $1.25 trillion before the investment. It is also expected to include additional computing capacity from the UAE, with agreements targeted for signing by the end of next week. The OpenAI funding could strengthen the company’s ability to expand its AI infrastructure, though the report did not provide details on the investors or the terms.

Western Digital reported fiscal Q1 2027 revenue of $4.381 billion, up 55% year over year, and non-GAAP earnings per share of $4.64, up 161%. Both results beat analyst forecasts of $4.14 billion in revenue and $4.11 per share. The company also issued stronger-than-expected fiscal Q2 guidance, forecasting adjusted EPS of $5.60–$6.00 and revenue of $5.0 billion–$5.2 billion. Despite the earnings beat and upbeat outlook, Western Digital shares fell 6.3% in after-hours trading after an initial rise. Investor concerns about whether heavy capital spending can generate returns soon weighed on storage and AI-related stocks. The move may reflect caution toward high-growth technology valuations, but the report has no direct cryptocurrency-specific catalyst.

Kentucky Democrat Zach Dembo’s campaign is facing scrutiny over an alleged $500,000 contribution from Reid Hoffman, reportedly routed through the super PAC Kentuckians Not Corruption. The claim was publicised by the National Republican Congressional Committee; the article does not independently verify the allegation. Dembo is running against Republican Ralph Alvarado in Kentucky’s 6th Congressional District and is ahead in several polls, according to the report. Prediction-market odds for a Republican victory reportedly fell to 53.5%, from 59% a day earlier. Further polling and campaign statements could show whether the funding controversy affects voter sentiment. The story concerns US campaign finance and election odds, not cryptocurrency markets directly.

Kentucky Democrat Zach Dembo, who is running for the state’s 6th Congressional District, faces criticism after a state trooper accused him of favoring criminals over law enforcement. The National Republican Congressional Committee shared the accusation on social media. Dembo is competing against Republican Ralph Alvarado in a closely watched race in a district that has historically leaned Republican. Recent polls put Dembo ahead, while both parties are investing heavily in the contest. The article says prediction-market pricing points to reduced confidence in a Republican win; its listed odds are 53.5% and 47% for the November 4, 2026 election. Dembo’s response, future polling and changes in voter sentiment may show whether the controversy affects the race.

Anthropic’s Claude Opus 5.5 ranked first in Artificial Analysis’ Coding Agent Index v2.0, scoring 61.7 across 290 software tasks and leading the FrontierCode benchmark. The index was updated to use Cognition’s private FrontierCode v1.1 benchmark in place of DeepSWE, and its SWE-Atlas-QnA grading criteria were revised. The assessment focuses on how well AI-generated code can be merged into real-world projects. Claude Opus 5.5’s result signals strong performance in coding AI, but the ranking could change as competitors release new models or benchmark results. The news has no direct link to cryptocurrency prices or network fundamentals; its immediate relevance to crypto traders is limited to broader interest in AI-related markets and prediction-market expectations.

USD/JPY fell to 156.459, down 1.1% over 24 hours, according to Gate data reported by Odaily. The move marks a notable short-term decline in the currency pair. The report gives no explanation for the drop or details on broader market drivers. Traders are likely to monitor further USD/JPY price action and related currency-market signals.

Artist Pepenardo customized six copies of Bitcoin Magazine’s 2036 issue, turning each cover into a one-of-one artwork featuring characters from his visual universe. Each edition includes two original trading cards, and all six sold out shortly after launch. The project extends Pepenardo’s work across painting, publishing and Bitcoin collectibles. His Sleeping Knights paintings, THE DREAMER (RED KNIGHT) and THE DREAMLESS (GREEN KNIGHT), each sold for 0.32698802 BTC—about $26,500—at Bitcoin 2026, attracting 197 bids combined. Pepenardo’s earlier work FAKEGENESIS sold for 1.625 BTC at the 2023 Bitcoin Conference in Miami. The customized covers and cards highlight collector interest in scarce Bitcoin art, while Bitcoin Magazine says its issues gain value partly because past editions are never reprinted.

A Saudi-led coalition said it intercepted and destroyed two drones launched by Yemen’s Houthi movement toward southern Saudi Arabia. The incident comes amid continuing hostilities and highlights the coalition’s active air-defence posture. The article provides no further details on damage or casualties. The report also cites prediction-market odds for Houthi forces entering Aden: 1.4% by 31 October 2026, 9.5% by 1 December and 24% by 31 December. The odds of Saudi airspace being closed were listed at 4% by 1 November 2026 and 18.5% by 1 January 2027. These are market estimates, not confirmed military or government forecasts.

The US Supreme Court ruled that student IDs cannot be used as voter identification in New Hampshire, reversing a lower court decision that had partly blocked the state’s restrictions. The ruling could affect student participation in the 2026 New Hampshire Senate race, where Democrat Chris Pappas is challenging Republican John Sununu. The article describes the decision as a potential advantage for Republicans, but provides no estimate of its effect on turnout. It also reports conflicting prediction-market signals: its text characterizes the ruling as potentially reducing Democrats’ chances, while the listed market odds show Democrats at 90.5% and Republicans at 8.5%.

Asia’s crypto landscape is seeing fresh moves in Bitcoin funds, stablecoin payments and tokenized finance, while US restrictions on DeepSeek add a technology-policy risk. Singapore-backed BIT Asset Management has launched Switzerland’s first spot Bitcoin ETF, described in the article as Europe’s only spot Bitcoin ETF. Switzerland and Vietnam also discussed linking Switzerland’s Crypto Valley with Vietnam’s innovation ecosystem. Regional stablecoin initiatives are advancing. South Korea’s Shinhan Card and Japan’s SBI firms will test yen stablecoin payments for travelers and cross-border trade. In South Korea, Kakao, KakaoBank and KakaoPay are preparing a won stablecoin payments ecosystem, while Injective and custodian BDACS plan to explore won-stablecoin settlement for tokenized assets. Malaysia’s central bank has also launched a distributed-ledger platform for tokenized bonds, including sukuk. Other developments include Metaplanet’s planned acquisition of a 93.7% stake in Nasdaq-listed Super League through a deal involving 2,100 BTC, and crypto exchange Bitget’s proposed acquisition of Thailand’s GMO-Z.com Cryptonomics. Separately, US federal civilian agencies have been ordered to remove DeepSeek products over concerns that their use could expose sensitive information to China.

Anthropic’s proposed $2 trillion IPO is described as highly speculative, with substantial risks to investors. The article argues that massive losses, costly obligations and no clear path to profitability could undermine the valuation. It also highlights revenue concentration and questions whether Anthropic has lasting competitive advantages or pricing power as the AI market becomes more commoditized. A reverse discounted cash flow analysis cited in the article suggests 40%–90% downside if the company fails to deliver unusually strong revenue and profit growth. The Anthropic IPO would test investor appetite for high-value AI companies, but the claims reflect the author’s analysis; the provided article does not include a confirmed offering date or complete IPO terms.

Circle launched Circle Match on October 22, 2026, offering eligible Circle Mint customers hourly auctions to match USDC minting and redemption orders. Matched minters receive a full rebate on the auction clearing fee, while redeemers pay no more than Circle’s Express rate and may pay less. The service uses prefunded, segregated accounts and atomic settlement to reduce counterparty risk. Redemption orders have a $100 USDC minimum. Circle Match could lower conversion costs for institutional desks, but participation requires capital to be committed in advance, and hourly auctions are less immediate than Express transactions. The service does not change USDC’s 1:1 dollar peg.

A Fox News poll shows Republican incumbent Susan Collins and Democratic challenger Troy Jackson tied at 49% among likely voters in the 2026 Maine Senate race. The result underscores how competitive the Maine Senate race has become, though other recent polls have given Jackson a narrow lead: Rasmussen found him ahead 49% to 47%, while a Washington Post/George Mason poll showed a 50% to 46% advantage. Prediction-market pricing listed Democrats at 66% to win the Maine Senate race and Republicans at 33%. The poll adds uncertainty to an already close contest, but a single survey does not establish a lasting shift in voter sentiment.