Crypto News

Reports describe large Ethereum transfers to Kraken, though their figures and wallet histories differ. An earlier report said a long-term holder deposited 3,000 ETH, worth about $7.23 million, after acquiring it roughly nine years ago at around $18.83 per coin. A later report cited a 7,594 ETH deposit, worth about $17.79 million, from an investor reportedly inactive for a year who bought 200,000 ETH in Ethereum’s initial coin offering for about $62,000. The deposits may signal plans to sell, but neither confirms that a sale took place. Ethereum was trading near $2,340–$2,400 in the reports. The later update highlighted pressure from US spot Ethereum ETF withdrawals, including $60.2 million in net outflows on October 27 and about $1.26 billion in October outflows through October 26. In contrast, wallets holding 1,000–10,000 ETH reportedly accumulated around 40,000 ETH over the previous week. The earlier report also noted that the broader market was relatively flat and that the whale transfer was not proven to have caused ETH’s price movement. Traders are watching support around $2,310–$2,328, with a sustained break potentially exposing $2,256 and $2,204. The earlier report identified $2,350 as support and $2,500–$2,550 as resistance; the later update said reclaiming $2,362 and then $2,444–$2,453 could improve recovery prospects. A Federal Reserve meeting was also cited as a potential catalyst in the earlier report. With no confirmed sale, the transfers add a possible source of supply, while ETF outflows and large-wallet accumulation offer competing signals for Ethereum traders.

Bitcoin climbed about 2% to above $81,000 in Wednesday’s Asian trading, recovering from a weekend dip near $79,000 and Monday’s move below $80,000. Major cryptocurrencies also advanced ahead of the Federal Reserve’s rate decision. HYPE rose nearly 6%, ZEC gained 5%, DOGE added 4%, and BNB and SOL each climbed about 3%; ETH, XRP and TRX also rose. Earlier trading saw ZEC up as much as 8% and HYPE nearly 5%. Traders are watching Fed Chair Kevin Warsh’s press conference for clues about a possible December rate hike. Higher interest rates can pressure Bitcoin and other risk assets by raising borrowing costs. Galaxy Research head Alex Thorn said Bitcoin’s bear market likely ended in June, when it fell below $58,000, citing its move above the 50-week moving average and lighter selling pressure. He described the current phase as accumulation, though Bitcoin has struggled to hold above $80,000. A daily close above $82,500 could signal stronger recovery momentum; Fed guidance remains a key near-term catalyst for Bitcoin and the wider crypto market.

SUN.io says it completed its 52nd consecutive SUN buyback and burn on October 27, destroying 7.23 million tokens accumulated during the period from July 25 to October 25. Cumulative SUN burns have reached 685.78 million, worth more than $11 million and equivalent to 3.44% of the token’s total supply. The project also reported that another 7.1 million SUN was awaiting destruction. Buybacks are funded by revenue from SunSwap V2, SunPump and SunX, and SUN.io’s dashboard provides burn figures and on-chain records. Separately, SunSwap completed technical integrations with trading aggregator Ave.ai, wallet TokenPocket and cross-chain liquidity protocol Symbiosis. As of October 26, SunSwap reported nearly $645 million in total value locked, more than 26,800 active liquidity pools and average daily trading volume above $50 million. SUN.io said its products recorded nearly $15 billion in Q3 2026 trading volume, up about 25% from the previous quarter, including roughly $9.7 billion in perpetuals. The recurring SUN burn may support token scarcity, while the integrations could broaden access to SunSwap liquidity. However, supply reductions and reported activity do not guarantee price gains; demand, market conditions and the sustainability of protocol revenue remain important.

Bitcoin payments infrastructure has expanded, but everyday customer demand remains weak, according to Block-backed development group Spiral. More than one million US merchants can accept Bitcoin through Square, and Lightning Network integrations have become easier. However, merchant availability does not show how many customers complete purchases or return to spend BTC, and Square’s Lightning checkout can pay merchants in dollars by default. Spiral says Bitcoin payments face barriers including price volatility, holders’ preference to save BTC, the steps required to acquire it and US tax rules that may treat spending crypto as a taxable disposal. Stablecoins offer a more predictable dollar value: Spiral estimates USDC makes up about 99% of payments through Coinbase’s x402 protocol. Recent integrations show continued development of Bitcoin payment infrastructure, not confirmed growth in consumer use. Block added Lightning support to x402 in September 2026, while Lightning Labs expanded access to its Wavelength agent-wallet service in October, initially capping balances at 300,000 satoshis. Spiral is seeking proposals for changes that could increase Bitcoin payments over the next five years, including shared payment rails, incentives and micropayments for digital services and AI applications. It recommends tracking completed sales, repeat buyers, transaction values and the asset actually spent. For traders, the report is a longer-term adoption signal, not an immediate price catalyst.

Mizuho cut its price target for Circle (CRCL) to $43 from $45 and maintained its Underperform rating, warning that AI assistants could steer users away from USDC and towards higher-yielding alternatives. The bank estimates that weaker demand could reduce USDC’s market capitalisation by $4 billion to $9 billion over the medium term and cut Circle’s reserve revenue by 10% to 20%. A chatbot test found that assistants generally recommended FDIC-insured bank accounts over USDC; even users who preferred crypto were often directed to alternatives. The test measures recommendations, not actual withdrawals. Mizuho now forecasts average USDC supply of $101 billion in 2027, down from $108 billion, and reserve revenue of $4.1 billion, compared with its previous $4.3 billion estimate. Reserve income is central to Circle: it represented about 95% of the company’s $701 million in second-quarter revenue and reserve income. Circle shares reportedly fell 3% to 7% after the report. They later closed at $81.57, around 47% above Mizuho’s target. Bernstein took the opposite view, raising its target to $145 and retaining an Outperform rating. Circle’s third-quarter results are due on November 4. The concerns centre on USDC demand and supply, not the stablecoin’s backing or redeemability.

Polymarket’s October ETH price markets show heightened expectations around two thresholds. In the earlier update, traders assigned a 54% probability—up 20 percentage points in 24 hours—that ETH would touch $2,600. The later update put the probability of ETH touching $2,400 at 84%, up 34 percentage points in 24 hours. These are separate contracts with different conditions: the $2,600 market resolves “Yes” if a one-minute Binance ETH/USDT candle records a high of at least $2,600, while the $2,400 market resolves “Yes” if a candle records a low of $2,400 or less. Both rely only on Binance ETH/USDT data. The changing Polymarket odds reflect traders’ expectations, not confirmation that ETH has reached either price or an indication of its eventual closing level.

CoreWeave’s mounting debt and rising borrowing costs are putting pressure on AI infrastructure stocks and fuelling concerns about financing across the sector. Earlier reports put its debt at roughly $50 billion and said some bond yields had topped 15%, while estimates of default-protection costs later climbed to about 1,000 basis points. CoreWeave shares fell around 30% in October as investors reassessed the risks of debt-funded expansion. The company reported $5.1 billion in 2025 revenue and a $1.2 billion net loss. It had a $104.2 billion revenue backlog at the end of the second quarter of 2026 and secured more than $25 billion in additional commitments. But investors are questioning whether those contracts will convert into cash quickly enough to cover debt and operating costs. Nvidia has agreed to buy CoreWeave capacity that remains unsold through April 2032. The pressure has spread to other neocloud providers and Oracle. Separate figures cited earlier showed AI-related debt issuance falling from $113 billion in June to $23 billion in September, while bankruptcy-market estimates put CoreWeave’s odds of bankruptcy at 14.5% by January 2028, 22.5% by January 2029 and 28.5% by January 2030. Analysts point to financing and execution risks, rather than weak AI demand, as the main concern. For crypto traders, the episode is a broader signal of tighter funding conditions for AI infrastructure, but its direct impact on any cryptocurrency is unclear.

The Ethereum Foundation is backing default privacy in wallets, saying it can strengthen security by limiting attackers’ access to users’ on-chain histories. Its open-source Kohaku SDK integrates Railgun, Privacy Pools and Tornado Cash, and developer Jordan Enev says the project aims to make privacy a standard Ethereum feature. Wallet provider Ambire has tested Kohaku integrations for several months and provided feedback, but no public launch date has been announced. Ethereum researcher Nicolas Consigny and co-founder Vitalik Buterin are scheduled to demonstrate Kohaku with Ambire Wallet at Devcon on Nov. 3. Planned features include privacy protocols, light clients and post-quantum accounts. The code remains partly experimental and unaudited. The development brings Ethereum privacy and wallet security into focus, but is not a network upgrade or a confirmed product release, and provides no direct token-market catalyst.

China’s proposed AI export controls would allow overseas customers to use Chinese models through apps, APIs and cloud services, while restricting access to underlying technology. The draft covers model weights, source code, training data and expertise, as well as certain ownership changes and overseas deployments. It identifies 40 technologies for export controls: 23 related to AI, 12 to photovoltaics and five to biomedicine. Fourteen would be banned from export and 26 would require licences. AI controls target systems with training compute of at least 10²⁶ FLOPs or at least two trillion parameters. The proposal follows an interim pre-export registration requirement; public consultation runs until November 15, 2026, and final rules are expected by year-end. Open-source-compatible projects may qualify for automatic licensing. For traders, China AI export controls add uncertainty for technology companies and supply chains, but neither summary identifies a direct effect on any cryptocurrency’s price.

Three Bitcoin whales transferred 6,168 BTC, worth about $498.5 million, to Coinbase Prime, according to Lookonchain. The deposits came as Bitcoin traded near $80,800 after recently falling below $80,000, raising trader concerns about possible selling pressure. However, neither Lookonchain nor Coinbase confirmed a sale, and Coinbase Prime also offers institutional custody and trading services. Separately, Arkham Intelligence reported that a whale deposited 438.37 BTC, worth about $35.38 million, to Coinbase Prime. The wallet had withdrawn 615.4 BTC at an average price of $105,271 about 16 months earlier and still held roughly 177 BTC. Arkham estimated the position was down more than $15 million. It is unclear whether this transfer was included in Lookonchain’s 6,168 BTC total, so the figures should not be added together. These Bitcoin whale deposits put exchange inflows in focus during a period of price weakness, but do not confirm that holders sold or changed their market positions.

Microsoft, Alphabet and Amazon are set to report earnings after the US market closes on 28–29 October, putting Big Tech earnings and AI investment returns in focus. Investors will assess cloud growth, margins, capital expenditure and cash flow to see whether AI demand can justify spending on data centres, chips and other infrastructure. Their latest reported capital expenditure totals about $134.9bn, but cash-flow positions vary: Microsoft generated $19.64bn in free cash flow in its latest reported quarter, while Alphabet and Amazon each spent more on capital investment in a quarter than they generated in operating cash flow. Key indicators include Azure growth and Copilot adoption at Microsoft; Google Cloud’s ability to turn its $514bn backlog into sustained profits, alongside AI’s effect on Search advertising; and AWS profitability and cash flow. Amazon’s AWS revenue grew 37% in its latest quarter and its backlog reached $496bn, but first-half free cash flow fell to negative $26.99bn. Spending guidance will matter: rising costs without stronger revenue or margins could weigh on technology stocks and broader market sentiment. The Federal Reserve’s rate decision falls in the same period and could add to volatility in valuations and risk appetite. For crypto traders, these results are an indirect market signal rather than a direct cryptocurrency catalyst. Cloud and AI investment trends, large-cap tech performance and interest-rate expectations may influence broader risk appetite and crypto’s correlation with equities. The main signals to watch are cloud growth, operating margins, capital-spending guidance and cash-flow outlook.

Bitcoin rebounded toward $83,000 earlier in the period, then pulled back and traded near $80,800 ahead of the Federal Reserve’s October 28 decision. It fluctuated between $79,416 and $81,159 over 24 hours. Traders are watching whether Bitcoin can hold support near $80,000 and reclaim resistance at $81,400–$82,500; a stronger recovery could bring $84,400–$85,000 into focus, while lower support sits near $78,000 and $76,000. Spot Bitcoin ETF flows have been volatile. The funds recorded $526.7 million in net inflows on October 19, reversing an outflow in the previous session. Later, they attracted $110.3 million on October 26 after two sessions of withdrawals totaling about $773.5 million, before inflows slowed to roughly $24.54 million the next day. Santiment also reported net exchange outflows of 14,942 BTC, the largest daily withdrawal in five weeks. These flows may reduce near-term selling pressure, but they do not confirm sustained accumulation. Markets broadly expect the Fed to hold rates at 3.75%–4.00%. Its guidance, US inflation and economic data could shape liquidity and risk appetite. Geopolitical concerns, including reports of possible US military action against Iran, add uncertainty and could push oil prices higher, renewing inflation concerns. Bitcoin’s near-term direction may therefore depend on Fed messaging, ETF demand and whether buyers defend support.

Lynq and ZeroBeta have integrated their platforms on Avalanche, allowing institutions to use eligible tokenized U.S. Treasuries as collateral for secured borrowing and digital-asset trading margin while the holdings continue to earn interest. The Avalanche tokenized Treasuries setup connects ZeroBeta’s BlueShift risk platform with Lynq’s settlement network: BlueShift monitors collateral requirements and directs adjustments, while Lynq holds and pledges or releases the assets on its network. Lynq says it has more than $89 million in platform assets and over 40 institutional firms onboarded, but has not specified how much is connected to this integration. The companies have named no users with completed transactions and disclosed no borrowing rates, collateral haircuts, margin thresholds or pledged amounts. The partnership adds an institutional use case for Avalanche tokenized Treasuries amid wider activity in tokenized-asset financing, including Aave’s planned Avalanche credit hub and a reported BNY tokenized Treasury repo transaction. Its market impact remains uncertain until real usage and transaction volumes emerge.

After four data breaches were reported on 28 October, Binance founder Changpeng Zhao (CZ) urged crypto users to strengthen account security. The incidents involved Coinbase vendor Amplitude, South Korean exchange Bithumb, and financial firms Mirae Asset and Daishin Securities. In the Coinbase vendor incident, some users’ contact information was exposed, but no funds were reported lost. The data breaches raise risks of phishing, SIM-swap attacks and social engineering; exposed address or asset details could also create physical safety concerns. CZ recommended using unique passwords and separate email aliases, considering dedicated phone numbers, and choosing hardware security keys, passkeys or authenticator apps over SMS verification. He also advised enabling withdrawal-address allowlists, time locks and anti-phishing codes, limiting API permissions, and regularly reviewing active sessions, API keys, withdrawal history and security settings. After a breach, users should change passwords, revoke unnecessary access and watch for fake support messages. The data breaches highlight account-security risks for traders, but no direct threat to exchange funds was reported in the Coinbase vendor incident.

Kraken parent Payward said on October 21 it had received in-principle approval from Kazakhstan’s Astana Financial Services Authority for proposed operations in the Astana International Financial Centre (AIFC). The approval covers a digital-asset trading facility, investment dealing as principal and agent, and digital-asset custody. Payward Kazakhstan may also connect local traders to the company’s global order books. The approval is preliminary, not a final licence, and does not mean services are available now. Payward must meet final regulatory requirements and has not announced a launch date, eligible customers, product scope or specific licensing conditions. The permissions apply to the AIFC and do not establish authorization across Kazakhstan as a whole. The development advances Kraken’s Kazakhstan expansion, but any benefit to traders will depend on the final licence, fees, execution quality, available products and withdrawal arrangements. Kraken’s approval is not, by itself, a signal of an immediate cryptocurrency price move; final authorization and launch details are the next milestones to watch.

Brazilian stablecoin trading surged around Luiz Inácio Lula da Silva’s presidential runoff victory, as companies sought dollar exposure while traditional markets were closed. On October 25, corporate accounts generated 78% of Mercado Bitcoin’s trading volume. The exchange reported that USDT turnover rose nearly 800% and Bitcoin volume climbed 865% from the previous Sunday. The increase extended across the market: USDT trading against the real rose 150%, while USDC volume gained 318% across 10 monitored venues. Combined USDT and USDC turnover reached 1.84 billion reais (about $350 million) on Monday, up 65% from a week earlier. After markets reopened, Brazil’s Ibovespa fell 14% and the dollar gained more than 8% against the real. Bitcoin rose 9.4% in reais but was nearly unchanged against USDT, indicating that the local price rise largely reflected the real’s weakness rather than broad crypto-market strength. Higher stablecoin trading points to demand for dollar access, but turnover does not establish net buying or capital inflows. Brazilian crypto businesses also faced an October 30 deadline to begin seeking Central Bank authorization under new licensing rules.

Ritual launched its EVM-compatible Layer 1 mainnet on 26 October alongside the RITUAL token generation event (TGE). RITUAL is used for gas, staking, AI execution fees, model calls, HTTP requests and scheduled on-chain operations. Coinbase listed the token, but RITUAL fell from a launch high of $0.08 to about $0.0226, giving it an estimated fully diluted valuation of $220 million at the time of reporting. RITUAL has an initial supply of 10 billion tokens and no supply cap. A total of 1.8 billion tokens, or 18% of the initial supply, unlocked at launch, including a fully unlocked 50 million-token airdrop for eligible Infernet node operators, Frenrug users and long-term community members. A tracker reported 852 eligible wallets, with 403 claiming about 20.7 million tokens at the time of publication. Core contributors and early investors have a one-year cliff, and the overall vesting schedule spans four years. Ritual estimates initial annual issuance at about 5% to reward validators and AI execution nodes. EIP-1559-style base fees are burned, so net supply will depend on issuance and fee burns. The project says its network enables developers and AI agents to access models, APIs and Web2 services on-chain, and has raised more than $30 million. For traders, the steep post-TGE decline and fully unlocked airdrop may add near-term selling pressure, while longer-term demand for RITUAL depends on network adoption, usage and fee revenue.

SlowMist chief information security officer 23pds says a Coinbase data breach exposed contact information belonging to more than 70,000 users. It remains unclear whether hackers accessed passwords or customer funds, and no financial losses have been confirmed. The Coinbase data breach raises concerns about phishing and account security, but there is no confirmed direct impact on crypto prices or broader market stability.

The 2026 Hurun China Rich List puts ByteDance founder Zhang Yiming first, with an estimated 670 billion yuan fortune, up 43% year on year. Hurun valued ByteDance at about 3.3 trillion yuan, citing growth linked to Douyin, TikTok and AI assistant Doubao. The latest figures show 1,529 people with at least 5 billion yuan in wealth—95 more than last year—and combined wealth of 32 trillion yuan, up 7%. Nongfu Spring founder Zhong Shanshan ranked second at 410 billion yuan after his fortune fell by 120 billion yuan. DeepSeek founder Liang Wenfeng entered the top 10 for the first time, ranking seventh with 280 billion yuan. AI, computing infrastructure and semiconductors featured prominently, with more than 160 listed fortunes linked to AI. The Hurun China Rich List reflects a shift in Chinese tech wealth, but it is not a direct indicator of cryptocurrency prices.

Stacks co-founder Muneeb Ali says Bitcoin quantum risk could make cautious institutions delay large BTC purchases until developers publish a credible post-quantum upgrade roadmap. He identifies 2028 as a key deadline because protocol changes and moving user funds to safer addresses may take years. Ali suggests AI could accelerate quantum progress and bring a possible transition forward from 2030 to 2029, but offers no hardware evidence for that forecast. There is no evidence that quantum computers have cracked Bitcoin private keys. However, Bitcoin relies on ECDSA and Schnorr signatures and has no mandated migration timetable comparable to NIST guidance for US federal systems, which sets 2031 as the target for digital-signature migration. StarkWare says it reduced the estimated computing cost of preparing an experimental quantum-resistant Bitcoin transaction from about $320 to $67 in a week. The technique remains limited: transactions are non-standard, require direct miner submission and cannot protect coins whose public keys have already been exposed. A protocol-level soft fork remains the longer-term solution. For traders, Bitcoin quantum risk is a long-term security and confidence issue, not evidence of an immediate attack or a current market-moving upgrade. A credible roadmap could ease institutional concerns; delays or disagreement could sustain a risk premium on BTC and weigh on sentiment. The near-term price impact is likely limited unless new technical evidence or a concrete upgrade decision emerges.

OpenAI reported an AI-generated proof proposing a deterministic, subexponential-time algorithm for counting satisfying assignments to 3-SAT problems, challenging the Exponential Time Hypothesis (ETH). Anthropic later published a separate Claude-attributed paper proposing a similar result, suggesting AI systems may have independently produced findings that challenge the hypothesis. The Exponential Time Hypothesis underpins many theoretical computer science results, but independent review is ongoing and neither claim is settled. The algorithms are not practically useful at current scales, and the work does not solve P versus NP or show that all NP problems have subexponential algorithms. For crypto traders, ETH here means the Exponential Time Hypothesis, not Ethereum. Bitcoin and Ethereum wallet security relies on cryptographic methods such as elliptic-curve cryptography and hash functions, so the research poses no direct threat to BTC or ETH. Any price impact is likely limited unless further review changes the technical assessment.

XRP trades near $1.29–$1.30 after falling 14.74% over the past month, even as large holders continue to accumulate. Santiment says wallets holding at least 10 million XRP now control 46.87 billion tokens, about 68.5% of the tracked supply—the highest share since November 2022. The latest analysis identifies $1.30 as a near-term pivot and $1.50 as a stronger recovery confirmation level; holding above $1.20 would help preserve the accumulation thesis. The signals remain mixed. Wallets holding 10 million to 100 million XRP reportedly declined from 351 to 339, while exchange-associated balances and whale transfers to Binance have risen. Those flows may indicate potential selling, but do not prove that tokens were sold. Chaikin Money Flow is positive at 0.06, while Bull Bear Power remains negative at −0.0368. Traders are watching support at $1.28–$1.30, followed by $1.20 and $1.10. A daily close below $1.28 could expose lower support; reclaiming $1.35 may put $1.40 and $1.50 in view. Other analysts identify $1.65–$1.70 as resistance, with a confirmed breakout potentially opening a path toward $2.50. Ripple’s U.S. trust bank approval and Aviva Investors’ tokenized fund launch on the XRP Ledger have yet to trigger a sustained rally. Whale accumulation supports the longer-term case, but weak price action and possible exchange selling leave XRP’s near-term outlook uncertain.

SoFi reported $161.6 million in crypto trading revenue in the third quarter of 2026, up 20% from the previous quarter. Related costs were $160 million, leaving $1.6 million in net crypto trading revenue, up 38% quarter over quarter. This is the margin on the disclosed revenue line, not total crypto profit, as SoFi did not detail other crypto-related expenses. Crypto product accounts rose to 503,070 from 388,336, though the figure does not confirm that accounts were active or funded. The crypto business remains small compared with SoFi’s $1.385 billion in total net revenue. The company also reported record revenue of $1.39 billion and net income of $241 million, while brokerage accounts grew 37% year over year to 4.18 million. SoFi shares rose nearly 15% in early trading after the earnings release but remained down 40% year to date. The company relaunched SoFi Crypto in November 2025 after a two-year pause and has expanded into stablecoins, tokenized deposits and crypto infrastructure. The latest earnings release did not mention its SOFIE tokenized deposit or SoFiUSD stablecoin.

Discord will make pages for public Discoverable Servers—those with at least 1,000 members—available to search engines from 16 November. From mid-December, individual messages in eligible channels may also appear in Google and other search results. Discord says messages posted before the rollout will not be indexed retroactively, and indexed messages will not show usernames or profile pictures. The change covers more than 63,000 Discoverable Servers, including hundreds tagged for cryptocurrency, trading and finance. Searchable discussions could help traders find project updates, technical support and testnet feedback, but public questions about wallets, smart contracts or airdrops may also help scammers identify targets. Users can opt out in Data & Privacy settings; the choice applies across their Discoverable Servers and protects future messages. Existing messages must be deleted to request removal, and search engine caches may remain. Server administrators can exclude individual channels or entire servers. The feature is off by default for users in several regions, including the EU, UK, Canada and South Korea; Taiwan is not among the listed regions.

Bitmine bought 10,452 ETH in the week through Oct. 25, lifting its holdings to 6,051,933 ETH, worth about $14.3 billion at the price cited in its disclosure. That represents about 4.95% of Ethereum’s circulating supply, leaving the company roughly 58,000 ETH short of its 5% target. The purchase was about 62% smaller than the previous week’s 27,562 ETH, although chairman Tom Lee said Bitmine has bought ETH every week since starting its treasury strategy in June 2025. Bitmine has staked 5,227,037 ETH—about 86% of its holdings—through its MAVAN platform and external partners. The company estimates annualised staking income of $318 million, potentially rising to $368 million if all its ETH were staked. Its disclosed assets total about $15 billion, including 215 BTC, $514 million in cash and marketable securities, and stakes in Beast Industries and Eightco Holdings. The decline in total asset value was attributed to lower ETH prices, not token sales. Bitmine also repurchased 2.04 million shares at an average price of $22.48, spending about $45.9 million. Lee said he believes the crypto bull market is continuing, noting that ETH had fallen less from its recent high than US semiconductor stocks. The large ETH position and staking activity may support the company’s long-term treasury strategy, while slower weekly purchases and price-driven valuation changes remain relevant signals for traders.

Ark Invest has continued adding Circle Internet Group (NYSE: CRCL), the issuer of USDC. It bought 35,403 shares worth about $2.9 million through ARKW, following reported Circle purchases of $5.5 million in May and $17.3 million in August 2026. A separate reported purchase of 65,615 shares, worth about $5.2 million, came after Circle stock fell 7.1% in one session to around $79.84. Circle was then about 4.3% of ARKW, valued at roughly $67.8 million; it had also been reported as a 4.6% holding in ARKK. The buying comes amid business growth: Circle reported Q1 2026 revenue of $694 million, up 20% year over year, and USDC circulation of $77 billion, up 28%. Circle also announced a $222 million ARC presale at a $3 billion fully diluted valuation and applied for a national trust bank charter. Around the separate share purchase, Ark reduced its Bitcoin ETF (ARKB) position by about $15.9 million as Bitcoin struggled to hold $80,000. The moves point to Ark’s interest in Circle’s stablecoin business, but they are trades in publicly listed shares and an ETF—not direct purchases of USDC or Bitcoin. Traders may monitor USDC circulation, Circle’s bank-charter application, and Ark’s future transactions.

Anthropic has reportedly selected JPMorgan Chase to lead the US retail offering for its proposed IPO, potentially giving individual investors a dedicated route to participate. The company, which develops Claude AI models, reportedly filed an S-1 registration statement with the SEC on October 26, 2026, and plans to list Class A shares on Nasdaq under the ticker ANT. Goldman Sachs is the lead underwriter, while Morgan Stanley is named as stabilization agent in a syndicate of about 22 banks. No IPO price or listing date has been confirmed. The Anthropic IPO follows rapid revenue growth: the company reported $16.3 billion in first-half 2026 revenue, up from $1.2 billion a year earlier. It also reported an $80.7 billion net loss, attributed mainly to non-cash accounting items. Anthropic was valued at $965 billion in a May 2026 private funding round, while reported IPO valuation targets range from $1.5 trillion to $2 trillion. For crypto traders, the Anthropic IPO is not a direct market catalyst; any potential effect on digital assets is more likely to come indirectly through broader sentiment toward AI and technology stocks.

An early Ethereum whale has moved ETH to exchanges, raising the possibility of selling pressure. An earlier report said the whale transferred 3,000 ETH, worth about $6.94 million, and moved more than $100 million in stablecoins to exchanges, market makers and OTC firms; the purpose of those stablecoin transfers is unknown. A later update from on-chain analyst Ember reported a 5,000 ETH exchange transfer, worth about $11.59 million, after the coins left the whale’s wallet two days earlier. The reports give different figures for the ETH transfers and remaining holdings: the earlier account said 47,000 ETH, while the later one put the balance at 45,000 ETH. The whale acquired 100,000 ETH in Ethereum’s 2015 ICO for $31,000 and previously sold 50,000 ETH at an average of $5.47. Exchange deposits can indicate potential selling, but no sale has been confirmed. Traders may monitor further whale activity for signs of additional ETH supply reaching the market.

The US government sold 4.45 million seized Anthropic shares for about $627 million, with the proceeds intended to repay FTX creditors. Anthropic’s S-1 filing says the shares went to nine buyers. At the valuation associated with its planned Nasdaq listing, the stake would be worth an estimated $3.94 billion—far above the sale proceeds. The Anthropic share sale turns recovered FTX assets into creditor repayment funds, but it does not directly affect crypto supply or trading mechanics.