Crypto News

Akash Network’s proposal to migrate AKT from its sovereign Cosmos chain to Solana received about 98% support in early voting. The planned AKT migration is a one-way, 1:1 conversion to a Solana SPL token, with the supply and six-decimal structure unchanged. It has not yet been implemented: token and migration-portal audits must be completed before the portal opens, and the portal is expected to remain available for two years. The approval covers AKT only. Moving Akash’s decentralized cloud-computing marketplace to Solana requires a separate governance vote. If approved, existing workloads would have a 90-day transition period before the old chain is halted. Traders will be watching audit results, the portal launch and the marketplace vote. The move could connect AKT with Solana’s liquidity and DePIN ecosystem, but the irreversible token conversion and unresolved marketplace decision add risk. The proposal alone does not establish a direct price impact for AKT.

Chainlink has launched CustodySync with Anchorage Digital Bank as its first partner, enabling institutions to borrow from DeFi lending markets while their assets remain with qualified custodians. The integration uses Anchorage’s Atlas Collateral Management service to monitor collateral, loan-to-value ratios and liquidation processes. Chainlink CustodySync links custody records with onchain lending markets. Chainlink Proof of Reserve reports custody balances, while transfer-restricted receipt tokens represent eligible collateral. Chainlink’s Runtime Environment coordinates authorized actions and custody updates, and its Data Feeds and Data Streams supply consistent pricing data. Borrowed funds go directly to the borrower. If collateral breaches agreed thresholds, a designated collateral agent handles the sale, with committed proceeds recorded onchain before settlement. The launch builds on Anchorage’s existing Spark arrangement, which lets institutions borrow against Bitcoin held in qualified custody. Anchorage says multiple borrowers have used that service, but has not disclosed their identities or total borrowing. CustodySync’s features may vary by custodian. The announcement provides no lending volumes, pricing or adoption figures, and does not establish direct demand for LINK, leaving the token’s immediate market impact unclear.

BNB Chain’s tokenized stock market has expanded rapidly, although estimates vary by data source. An earlier report put its tokenized stocks at $1.47 billion, or 42.59% of the market, up from 35.55% over 30 days. A later report estimated tokenized stocks and ETFs at about $1.5 billion by mid-October 2026, representing 37.5% to 42.59% of a roughly $4 billion market. It said BNB Chain added $3.7 billion in tokenized fund value over the past year and increased its market share from about 13% at the start of the year, overtaking Ethereum and Solana. The figures are not directly comparable across trackers, which use different market coverage and classifications. The later report added that BNB Chain had 1.8 million addresses holding tokenized stocks, around 45% of market-wide holders, and recorded about $25.6 billion in tokenized-equity trading volume in Q3. Its non-stablecoin real-world asset supply rose 24% to $4.96 billion, including $3.77 billion in tokenized treasuries. Binance said its bStocks platform passed $1 billion in assets under management four months after its June 2026 launch; Binance bStocks and Ondo Global Markets are among the platforms distributing tokenized securities on the chain. The reports point to growing tokenized securities activity on BNB Chain, but adoption is concentrated around Binance-linked services. For traders, rising holder counts and trading volume may signal expanding use of the network, yet they do not by themselves establish stronger demand for BNB or a sustained price effect. Market share, asset composition and activity beyond affiliated platforms are key indicators to watch.

Ritual has launched Ritual Chain, an EVM-compatible Layer 1 designed for onchain AI agents. Agents can use their own identities and wallets, call AI models, access the web and schedule tasks. Ritual Chain’s 15 native precompiles support these functions, while trusted execution environments enable confidential computing. Its delegated execution model lets specialized nodes handle intensive computations for onchain verification, rather than requiring every validator to repeat the work. Ritual says its public testnet, live since June, has processed more than 40 million transactions, and the network targets block times below 300 milliseconds. Launch partners include Phala Network for trusted execution, LayerZero for cross-chain messaging, Stargate for USDC transfers and Nous Research, which plans to bring its Hermes application to the chain. The protocol has been audited by Zellic. Founded by former Polychain Capital partners Niraj Pant and Akilesh Potti, Ritual has raised more than $30 million from investors including Archetype and Polychain Capital. The Ritual Chain launch reflects growing interest in AI-blockchain infrastructure, but no Ritual token or tokenomics were announced, limiting the direct trading implications for a project-specific asset.

Nethermind has advanced its zkVM guests preview from v2.2.0 to v2.3.0. The latest release reports performance improvements and compatibility with tests-zkevm v21.0.1, and includes guest binaries for ZisK 1.3.2-alpha, SP1 6.9.0 and OpenVM 2.1.0-rv64. The earlier v2.2.0 preview included builds for ZisK 1.3.1-alpha and SP1 v6.6.0, plus an OpenVM ELF file. Across the releases, Nethermind provides verification keys, SHA-256 checksums, an OpenPGP-signed checksum list and build provenance attestations verifiable with GitHub CLI. The zkVM guests update is a technical development for zero-knowledge proof infrastructure, not a token launch or confirmed production deployment. It has no direct effect on cryptocurrency supply or trading, though developers may monitor adoption and performance as potential longer-term indicators for Ethereum scaling.

DeFi Development Corp. (DFDV) reported a 3,983 SOL increase in its treasury in an earlier update, bringing its balance to about 2,590,266 SOL and equivalents. In its latest update, the company said it added 5,346 SOL, taking its reported treasury to 2,595,612 SOL as of October 26, 2026. DFDV funds much of its SOL accumulation through public-market capital raises and stakes its holdings through company-operated validators. It also raised the annual dividend rate on its CHAD preferred stock from 13% to 14%, effective November 2, increasing its funding obligations. Separately, Solana’s Alpenglow consensus upgrade went live on October 21, with the aim of reducing transaction finality to about 150 milliseconds. The growing SOL treasury signals continued institutional accumulation, but its price impact may be limited by the scale of the purchases relative to the broader market and the volatility of SOL.

Solana tokenized stock holdings reached a record 1.5 million addresses by October 26, five times the August level and up from about 1 million in September. The count tracks blockchain addresses, not verified investors, and may reflect multiple wallets per person. Growth followed tokenized stock launches by Securitize and Ondo Finance, while rewards and trading activity may also have contributed. Blockworks reported that more than 360,000 wallets received about $31 million in tokenized equities, and stock-token memecoin pairs generated $1.76 billion in volume from September 1 to October 11. These figures do not prove lasting demand. Despite the increase in Solana tokenized stocks activity, SOL traded near $100–$101, down from about $124 at the start of October. Because tokenized stocks can be bought with stablecoins such as USDC and network fees require only small amounts of SOL, greater activity does not create equivalent buying demand for SOL. Weekly outflows of $24.8 million from US Solana funds added to institutional-demand concerns.

Anthropic’s seven co-founders have pledged to donate 80% of their personal stakes to charity, estimated in the later report at $79.4 billion. The pledge is voluntary and non-binding; founders would retain significant voting power through Class F shares. It concerns personal holdings, so it does not directly change Anthropic’s ownership or governance. As Anthropic moves towards a potential IPO, the later report cites a $65 billion Series H funding round valuing the company at $965 billion and says it has filed for an IPO. The earlier report also detailed more than $660 million in non-cash expenses for employee charitable stock matching from October 2025 to March 2026, $540 million in corporate contributions for 2025, and $400 million in research commitments: $200 million for an Economic Futures Research Fund and $200 million over four years with the Gates Foundation for health and education AI applications. Investors may watch how the pledges are implemented, alongside Anthropic’s financing, partnerships and IPO disclosures; the news has no direct link to cryptocurrency prices.

Vanguard’s FTSE All-World ex-US Small-Cap ETF reportedly holds about 4.5 million Metaplanet shares, worth roughly $7.5 million. The position is less than 0.1% of the fund’s roughly $11.3 billion in assets and is its first reported Metaplanet holding; other Vanguard funds have also reportedly held the Japanese company’s shares. Because the ETF tracks an index, the stake does not necessarily signal active support for Metaplanet’s Bitcoin treasury strategy or direct ownership of Bitcoin (BTC). The disclosure does not say when the shares were bought. Metaplanet held 44,000 BTC as of September 30, but its shares fell 0.75% to ¥263 on Monday. Debt, potential share dilution and the value of its Bitcoin reserves can also affect the stock. The holding adds to reported institutional exposure to Bitcoin treasury companies, but is not a clear catalyst for Metaplanet shares or the wider crypto market.

Ethena’s ENA token rebounded on October 26 after briefly falling below $0.19 over the weekend. Reports put the daily gain at between 4% and nearly 8%, with ENA trading around $0.20–$0.21. The recovery came despite reported transfers from wallets linked to BitMEX co-founder Arthur Hayes. Blockchain tracker Lookonchain said the wallets moved 14 million ENA, worth about $2.73 million, on October 25, after a similar transfer the previous day. The two batches total about 28 million ENA, valued at roughly $5.5 million, though transfers alone do not confirm that tokens were sold. Hayes said he had closed Maelstrom’s directional trading positions, citing macroeconomic and geopolitical uncertainty. ENA’s daily trading volume reached about $420 million, while the token remained down roughly 22% over the past month. Traders are watching $0.20 as support and $0.23 as resistance. A sustained move above $0.21 could strengthen the recovery, while a break below $0.20 may expose support near $0.18 and then $0.16. The Federal Reserve decision cited for October 28 could also add volatility. No new protocol announcement was identified as the immediate driver of the rebound; trading activity and social attention may have contributed. Ethena’s proposed revenue-linked buybacks and efforts to expand USDe use cases could matter over the longer term, subject to revenue and supply conditions. However, wider USDe adoption does not guarantee proportional demand for ENA, whose outlook also depends on market conditions and token economics.

Bitcoin and HYPE are testing key support levels, but neither has confirmed a trend reversal. Bitcoin fell to $79,775, below its previous weekly low of $80,400, after retreating from a September 21 peak of $87,399. It has since approached the $78,000–$79,000 support zone within a descending channel. The correction has lasted 34 trading days, and a seven-part structure on the four-hour chart, alongside possible momentum and volume divergence, suggests selling pressure may be easing. If support holds, a rebound could encounter resistance at $82,500–$84,500. A confirmed break lower could put $74,500–$76,000 in focus, followed by $69,100–$70,500. HYPE fell from $97.98 and reached $76.07, within the earlier $75–$77 support range. It briefly slipped below $75 before recovering. Weekly volume divergence and a four-hour bullish divergence may support a rebound, but confirmation is needed. Holding above $75 could open a move towards $80–$82; a sustained break below could expose $68–$70. For both Bitcoin and HYPE, these are technical scenarios rather than confirmed outcomes. Traders may wish to wait for price confirmation, manage position sizes and use stop-losses.

Binance founder Changpeng Zhao (CZ) says crypto could become essential infrastructure for AI payments, while Japan’s proposed tax changes may support Web3 investment. In a PIVOT interview published on 24 October 2026, CZ recalled that building trading systems in Tokyo influenced Binance’s technology. He also said Binance voluntarily paid $6 million to affected users in 2017, about 40% of its reserves at the time. CZ welcomed Japan’s proposal to cut the tax rate on crypto gains to around 20%, from rates as high as 55%, saying clearer rules could attract capital and founders. He identified stablecoins and real-world asset (RWA) tokenisation as areas of international competition. CZ also discussed his four-month prison sentence after a US Bank Secrecy Act conviction, describing the case as involving compliance failures rather than fraud or user losses. Since leaving the Binance CEO role, he has focused on Giggle Academy, a free AI-supported education platform that he says has reached two million children; he invests about $5 million a year in it. Looking ahead, CZ argued that autonomous AI agents may need crypto for fast, small-value payments that traditional banking may not readily handle. The comments add to a long-term adoption case for crypto, but the interview announced no Binance product or policy changes and does not present an immediate market catalyst.

Ripple is urging the SEC to clarify when crypto tokens are no longer linked to securities investment contracts. In an October 20 comment letter supporting the SEC’s Regulation Crypto Assets proposal, Ripple recommended changes to proposed Rules 400 and 500. It says an investment contract should end when an issuer’s commitments expire, are abandoned or otherwise terminate—not only when promised managerial efforts stop. Ripple also argues that decentralisation should not be a separate legal test and that a token should not automatically be treated as a security because it was sold through an investment contract. Ripple wants Form TR filings to remain optional, with no presumption that a token remains linked to an investment contract if an issuer does not file. It also seeks protection for exchanges, brokers and dealers that rely in good faith on public filings, and consistent treatment of tokens separated from investment contracts under federal securities laws. The proposals follow Ripple’s costly SEC litigation, which the company said cost more than $150 million and ended in 2025 after both sides dismissed their appeals. The SEC proposal includes potential offering exemptions of up to $5 million over four years or $75 million over 12 months, subject to disclosure and investor protections. The comment period has closed, but the proposal is not in force and the SEC may revise it before adopting a final rule. Ripple’s recommendations could influence future token classification and U.S. crypto trading rules, but they do not immediately change XRP’s legal status or market rules.

Bernstein analysts estimate Robinhood’s prediction markets could generate about $650 million in revenue in 2026 and $1.7 billion by 2028, surpassing the $1.6 billion projected from its cryptocurrency business. Prediction markets would represent around 18% of the company’s forecast $9.4 billion in total revenue that year. The outlook marks prediction markets as a growing revenue stream for Robinhood, though the figures are analyst estimates, not reported results. Ahead of the company’s third-quarter 2026 results, Bernstein forecast quarterly revenue of about $1.5 billion, supported by stock, options and event-contract trading, as well as a recovery in crypto volumes. Bernstein raised its Robinhood revenue forecasts for 2026, 2027 and 2028 by 3%, 4% and 3%, respectively, while keeping its price target at $160. HOOD was indicated at $93.60 in premarket trading and had fallen more than 29% over the prior 12 months. The projections point to prediction markets becoming a larger part of Robinhood’s business, alongside crypto trading.

Robinhood is expanding retail access to AI trading and private markets, as CEO Vlad Tenev links public unease about artificial intelligence to the fact that many leading AI companies remain privately held. The company’s Robinhood AI Agents product, broadly rolled out in September 2026 after a May beta, lets users create trading agents in the app. More than 100,000 customers had connected to agentic trading by the time of the latest interview. Trades require approval by default; autonomous trading requires users to opt in and fund a separate account. Tenev expects AI agents to handle a significant share of retail trading, though he says most individual assets will remain invested for the long term. Robinhood is also widening access to private companies through publicly traded Robinhood Ventures funds. Fund 1 focuses on later-stage companies and holds a reported $75 million investment in OpenAI, as well as a position in Databricks. Fund 2 launched with exposure to 80 early-stage companies. Robinhood is also entering IPO underwriting. The company says its stock tokens are available in more than 120 countries, offer economic exposure to underlying shares and support features such as 24/7 trading. They do not yet provide full shareholder rights, although Tenev said voting rights are planned. These moves extend Robinhood’s earlier pitch that broader ownership could improve public acceptance of AI, echoing the wider participation seen in early crypto markets. For traders, Robinhood AI trading and tokenized market access could broaden participation, but private-market exposure carries risks including fees, limited liquidity and less disclosure. Stock-token holders should also consider the limits on shareholder rights.

CoreWeave’s growth outlook hinges on whether it can fund a costly AI infrastructure expansion. An earlier analysis cited a $129.2 billion backlog and warned that turning orders into revenue would require substantial data-centre investment, with uncertain long-term returns. A later report put the backlog at $103.7 billion, said capacity was sold out and noted that Seeking Alpha contributor Krzysztof Bogdanski maintained a Strong Buy rating while cutting his 2027 price target to $179. Financing remains the central risk for CoreWeave. Its $16.6 billion in unsecured debt reportedly yields close to 15%, and the company may need to raise about $33 billion by 2027. New debt or convertible securities could add borrowing costs, while share sales could dilute investors. Traders are watching funding announcements, EBITDA margins and progress toward an investment-grade credit rating. The key question is whether CoreWeave can convert demand into profitable revenue without excessive debt or dilution; the differing backlog estimates also warrant attention.

Strive’s Bitcoin holdings have risen to 43,000 BTC after the company bought 6,182 BTC in the week ended Oct. 23, its largest purchase since it began holding Bitcoin. A Monday filing put the average purchase price at $82,732 per coin. The latest addition follows an earlier reported purchase of 1,223 BTC, which had brought holdings to 36,818 BTC; those holdings had grown by more than 380% since the start of the year. Strive’s latest total is close to Twenty One Capital’s 43,514 BTC and about 1,000 BTC below Metaplanet’s holdings. The company also reported that cash and cash equivalents rose from $317.5 million to $504.4 million over the same period. The continued Bitcoin accumulation adds to corporate demand, though its direct effect on BTC’s market price is uncertain.

KIMCHI briefly surged more than 150% on October 25 after Solana trader Kimchi added Pump.fun back to his X bio, three days after removing it. Its market value rose from about $6 million to $14 million before falling to roughly $8.8 million. Pump.fun and Kimchi have not confirmed whether their partnership is active again. The bio change followed a turbulent week. Pump.fun reportedly brought Kimchi on to help guide its creative direction on October 20, with a co-founder publicly announcing the collaboration the following day. A token Kimchi later promoted soared before crashing 98% after the post was deleted and a Pump.fun co-founder removed a repost. Lookonchain said early wallets made more than $385,000 from the drop. The tracker also reported that a trader bought $28,900 of KIMCHI shortly before the latest bio change and briefly showed an unrealized gain of about $11,000; the timing does not prove advance knowledge. An earlier report said Kimchi removed Pump.fun from his bio two days after the collaboration announcement. Over that period, Pump.fun revenue reportedly fell 16% and active addresses declined 11%. Kimchi may also have received 1.35 billion PUMP tokens, then worth about $6.25 million, as a marketing fee, though this was not confirmed in the later update. Renewed attention to KIMCHI comes ahead of Pump.fun’s Squads trading competition, but PUMP has not followed the meme coin’s rally. PUMP trades near $0.0042, about 20% below its October 21 high of $0.005224. The reported support levels are $0.003832 and $0.00375; regaining the 50-day EMA near $0.004607 could signal stronger momentum. For traders, KIMCHI’s sharp move highlights the risk of social-media-driven volatility, while the partnership’s unclear status leaves the rally vulnerable to a reversal.

US spot XRP ETFs recorded about $4.25 million in net inflows last week, recovering from $1.84 million in outflows the week before. The rebound ended a 13-week inflow streak and was concentrated on October 21 and 22. On October 21 alone, funds drew $708,510: Franklin Templeton’s XRPZ added $2.25 million, partly offset by a $1.55 million outflow from Bitwise. Across the ten trading days from October 8, net inflows totalled about $7 million, with gains concentrated on a few days. The latest estimate puts cumulative XRP ETF inflows at around $1.8 billion since the products launched in November 2025, up from an earlier reported $1.72 billion. Net assets are estimated at $1.48 billion to $1.57 billion, reflecting XRP’s price decline. XRP traded between $1.27 and $1.36 during the latest period and was recently around $1.33, down 2.3% over 24 hours after failing to hold above $1.40. Traders are watching support near $1.31, then $1.25; a daily close above $1.3747 could put $1.40 back in focus. XRP ETFs attracted funds while spot Bitcoin, Ethereum and Solana ETFs saw outflows. Separately, Ripple backed the SEC’s proposed Regulation Crypto Assets; the proposal has no final-rule date, and Ripple’s chief legal officer said the company spent more than $150 million seeking regulatory clarity through litigation. The ETF inflows point to continued interest in regulated XRP exposure, but their modest scale and XRP’s continued resistance below $1.40 do not yet confirm a sustained recovery.

Gate completed USDT dividend distributions for two groups of eligible stock and ETF holdings. The earlier distribution covered 88 assets with dividend dates from 13 to 16 October 2026, including Intuit (INTU), Thermo Fisher Scientific (TMO), Mondelez (MDLZ), Monolithic Power Systems (MPWR) and Lam Research (LRCX). A later distribution covered 67 assets with dividend dates from 19 to 23 October, including Oracle (ORCL), Cisco (CSCO), American Tower (AMT), China Feihe (06186) and Prudential (02378). Gate calculated payouts from users’ holdings at the relevant snapshot times and automatically paid the equivalent value in USDT, with no action required. The Gate USDT dividend announcements confirm distributions through the platform; they do not indicate a change in the underlying companies’ dividend policies or a direct effect on crypto prices.

JUST has completed five JST buyback-and-burn rounds, removing 1,881,973,007 tokens—19.01% of the initial maximum supply—and spending about $118.15 million. The latest round, completed on October 16, 2026, burned 170.7 million JST worth about $23.53 million, funded by JustLend DAO operating income and remaining initial treasury reserves. In its Q3 2026 and October report, JUST said it upgraded the JST buyback mechanism in October. Future JST buybacks will rely on ongoing ecosystem revenue. From Q4 2026, the DAO plans to use about $20.34 million in surplus funds over four rounds while retaining at least $50 million in treasury reserves. It has not fully detailed future allocation or timing beyond this plan. The change links continued token-supply reductions more closely to ecosystem activity. JustLend’s quarter-end TVL remained above $7 billion, and GasFree recorded about 21.24 million transactions in Q3. JST had risen from about $0.03 in October 2025 to a peak of $0.142 on October 10, 2026. Buybacks may support sentiment, but future price effects will depend on revenue, execution and demand for JST.

RWA perpetual open interest has climbed to nearly $20 billion, highlighting a shift in crypto derivatives trading towards tokenized real-world assets. Earlier figures put RWA perpetual open interest at about $9 billion, or 14% of total perpetual open interest, even as aggregate open interest on major platforms fell from $81 billion to around $67 billion. CryptoRank data for October 26, 2026, shows RWA open interest up 192% since June and more than double the $9.3 billion recorded in August. Its share of total perpetual open interest rose from 6% at the start of 2026 to 24% by late September. Centralized exchanges account for 71% of RWA perpetual open interest, while decentralized exchanges hold 29% and lead in equity index derivatives. The growth contrasts with declines in Bitcoin, Ethereum and other token perpetual open interest, suggesting leveraged trading is shifting rather than expanding overall. Open interest tracks outstanding positions, not trading volume or net buying, and does not indicate price direction.

McDonald’s says the McRib will return for a limited time from October 27 in selected US cities, including Los Angeles, Chicago, Miami, Atlanta, Philadelphia and Dallas. The announcement has revived the crypto community’s McRib indicator meme, which claims the sandwich’s appearances coincide with Bitcoin rallies. A review of about eight launches between 2017 and 2025 found roughly five periods followed by gains and three by declines, with no statistically significant pattern. Bull-market trends, later sell-offs and seasonal effects may make selected examples seem more convincing than they are. The McRib indicator is a social-media joke, not a reliable Bitcoin trading signal; traders should not use it as a basis for market decisions.

X100 suffered a flash-loan governance attack on 24 October, with attackers taking control of two of the project’s three Senate seats and draining about $4.85 million in USDT. They reportedly borrowed around $1.94 million in USDT through Aave, bought X tokens and used two addresses to gain voting control. The attackers then passed proposals that moved 400,000 X into a pool with only about $100 in liquidity; the treasury received just $35.68. A separate withdrawal transferred about 550,000 X, and the main proceeds were reportedly converted into roughly 2,022 ETH. The attacks unfolded in less than 30 minutes, exploiting rules that allowed newly appointed senators to vote and execute proposals immediately, alongside weak slippage safeguards. About 12.2 million X reportedly remained in the protocol’s Freezer contract at the time of reporting, while X’s market value plunged by more than 96%. X100 had not confirmed a recovery plan or remediation. The incident puts continued pressure on X and highlights risks to DeFi governance and DAO treasury security.

Binance will launch the USDC/AED spot trading pair on 28 October 2026 at 08:00 UTC (16:00 Beijing time) and enable spot algorithmic trading bots for the pair. The USDC/AED market will give traders a dirham-denominated route to trade USDC. Binance has not announced expected trading volumes, fee discounts or liquidity incentives, so the listing’s effect on USDC demand and liquidity remains unclear.

Anchorpoint has not set a date for bringing its Hong Kong dollar stablecoin, HKDAP, to retail customers. CEO Dominic Maffei said the company will prioritize customer education and readiness across distribution, custody and payment infrastructure over meeting a previously suggested end-2026 target. The company had earlier indicated a retail launch could come by then but has not reaffirmed that timeline. The update follows HSBC’s phased rollout of its Hong Kong dollar-backed RedCoin to PayMe, which serves about 3.3 million users. Unlike HSBC’s app-based approach, Anchorpoint plans to distribute HKDAP through authorized intermediaries, gradually connecting financial institutions and businesses with retail customers. Launched in August, HKDAP is pegged one-to-one to the Hong Kong dollar and is available in an Ethereum-based institutional beta to eligible businesses and professional investors. Transfers are limited to verified addresses. Anchorpoint, founded by Standard Chartered Bank (Hong Kong), Animoca Brands and HKT, is developing HKDAP for commercial and cross-border payments, citing potential benefits including round-the-clock settlement, lower costs and interoperability. For crypto traders, the news signals gradual competition in Hong Kong’s regulated stablecoin market, but does not point to an immediate rise in HKDAP retail access or transaction volumes. The rollout’s pace and adoption by payment and financial institutions will be key indicators to watch.

Bloom Trading users reported that 9,408 SOL, worth about $954,000, was stolen from 49 wallets, according to Onchain Lens. The largest reported loss was 1,636 SOL, or about $166,000. Bloom Trading later said it would fully reimburse losses from nine affected wallets, sending funds to new secure addresses chosen by their owners. The team is investigating the cause, including a possible compromise of a third-party service provider. Onchain Lens advised users to disconnect their wallets and move any remaining assets to new ones. The incident raises concerns about wallet security, but reports do not confirm a platform-wide breach or wider disruption to Solana.

Crypto long liquidations accompanied a broad market decline, with Bitcoin trading near $80,000 and Ether around $2,300–$2,370 in the later report. WhaleInsider cited about $117 million in long positions liquidated over 24 hours, while an earlier report put the figure at $694 million, indicating different reported estimates or time windows. Long liquidations can add forced selling and heighten short-term volatility. An earlier report also noted skepticism about Hyperliquid reaching $100 by the end of 2026, but gave no supporting market data. Traders will be watching BTC and ETH levels and further crypto liquidation data for signs of whether selling pressure is easing or continuing.

XRP ETFs returned to net inflows after a weekly loss of $1.84 million ended a 13-week inflow streak. In the latest reported period, they attracted nearly $710,000 on Wednesday and $3.55 million on Thursday, their strongest daily result since October 8; Friday had no reportable flows. Cumulative XRP ETF inflows remained near a record $1.8 billion as the funds approached their first anniversary. Solana ETFs, by contrast, extended their outflow run to three consecutive weeks. After a record weekly outflow of $25.52 million, the funds saw an estimated $17.30 million leave through Thursday in the latest reported week; October 23 data was unavailable. Cumulative net inflows declined from $1.62 billion to $1.56 billion over two weeks, and were reported at $1.54 billion on October 22, down from $1.61 billion on October 2. The flows coincided with price weakness: XRP fell from resistance near $1.40 to about $1.27, while SOL failed to hold above $110 and struggled around the $100 level. The latest XRP ETF inflows suggest a recovery in demand, but persistent Solana ETF outflows point to continued caution toward SOL. ETF flows can influence sentiment, but do not determine prices on their own.