Crypto News

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.

The Ethereum Foundation sold 2,785 ETH, worth about $6.42 million, through CoW Swap in exchange for USDS, according to blockchain-monitoring service Onchain Lens. The Ethereum Foundation sale could add some short-term selling pressure on ETH, but the report does not say whether it forms part of a broader treasury strategy or how the USDS will be used. The transaction alone does not signal a wider change in market direction.

The NEOS Boosted S&P 500 High Income ETF (XSPI) offers an estimated 17% annualized distribution rate and about 150% exposure to the S&P 500, with monthly payouts. Its income comes mainly from options premiums and return of capital—not ordinary dividends—so total return is more useful than yield alone. XSPI’s recent net asset value performance was only 0.31 percentage points ahead of the index, while leverage can magnify losses in a sharp decline or a rotation away from technology stocks. Options writing may also limit gains in a strong rally, and its total-return advantage over peers SPYI and GPIX has been modest. The assessment remains Hold: the income may not compensate for the added risk, particularly around major market catalysts and Fed week. XSPI is an income-focused investment, not a risk-free high-yield product.

Lookonchain reported that Abraxas Capital’s two hedge accounts on Hyperliquid initially held more than $1.45 billion in short positions and had made over $331 million in combined profits. In the later update, the shorts had fallen to more than $1.29 billion while combined profits rose above $353 million. The reports do not identify the assets involved. Abraxas Capital’s positions show substantial bearish exposure, but without knowing which tokens are being shorted, they do not establish a broader market trend or guarantee further price declines.

Two reports describe BTC short-to-long reversals, but their figures and account details differ, so they should not be treated as one confirmed position. An earlier report said an account with about $25.98 million in cumulative losses closed a $1.56 million BTC short near $80,822 and opened a $3.09 million long near $80,765 on October 25. A later report identified wallet 0xbf732ea04197942783e34730ed6e0f6099575d58, said to have about $21.89 million in cumulative gains, closing a $10.04 million BTC short at an average $80,291 and opening an $11.97 million long at $79,810. Both reports indicate bullish positioning by the tracked account or accounts, but wallet activity alone does not confirm a broader BTC market trend.

Crypto funding shifted from real-world asset (RWA) infrastructure and stablecoin settlement in October 12–18 to stablecoin payments, DeFi and AI infrastructure in October 19–25. The later week recorded more than $48 million across eight blockchain deals. Mural raised $15 million in a Tether-led Series A for cross-border payments; Dataline secured $10.6 million for a decentralized data network for AI agents; Orochi Network raised $8 million for verifiable data infrastructure supporting tokenized RWAs; and Nectar Group raised $5 million for its Bitcoin yield platform HoneyB. Other investments backed Solana-based Hylo and Bolivia fintech Peso, with Tether leading Peso’s pre-seed round. The earlier week saw more than $54 million across six deals. Fission raised $10 million to improve the liquidity of tokenized fund shares, while Uniform Labs secured $8 million for Multiliquid, which settles tokenized assets against stablecoins on Ethereum and Solana. Tether also invested in EFY Finance to expand institutional use of USD₮ and USA₮, and Sui Foundation invested $30 million in DATA Network, which plans to migrate its protocol and token to Sui. Crypto M&A added to the latest developments: RedotPay acquired Japan’s BTCBOX, while ether.fi bought Zeal Wallet to bring wallet, lending and yield features together. Large AI and robotics financings, including Tenstorrent’s $1.5 billion round, and reports of a possible 100 billion yuan DeepSeek fundraise point to competition for capital beyond crypto. Bitcoin mining sites are also being considered for AI data-centre use. Overall, the funding points to continued interest in stablecoin payments, tokenized assets and crypto infrastructure, but does not by itself signal an immediate market-wide price move.

Bitget recorded $52.02 million in net inflows over 24 hours, ranking second among centralised crypto exchanges, with Binance in first place, according to DeFiLlama. A later report put Bitget’s net inflows at $768 million over seven days, also ranking it second among centralised exchanges. The weekly figure signals substantial funds flowing to Bitget, but DeFiLlama data does not identify the assets involved or show whether deposits indicate buying or selling. The inflows alone therefore do not confirm a bullish price outlook for Bitget or the broader market.

The Coinbase Bitcoin Premium Index remained negative for 33 consecutive days, reaching -0.1259% as of October 26, according to CoinGlass. The index compares Bitcoin prices on Coinbase and Binance; a negative reading suggests weaker buying pressure or heavier selling in the US market relative to the broader market. The Coinbase Bitcoin Premium Index is a sentiment indicator, not proof that institutional investors are withdrawing funds. Institutional and ETF-related trades may occur through over-the-counter desks or Coinbase Prime and may not appear in public spot-market price differences. Traders should consider the index alongside ETF flows, trading volume and broader risk sentiment. Past negative streaks have lasted for months, and a return to positive territory has sometimes coincided with Bitcoin price recovery, but history does not guarantee a repeat.

Solana meme coin Kimchi has shown sharp swings as trader Kimchi (@kimchi1x) renewed attention on Pump.fun. An earlier launch of a token with the same name reportedly reached a $30 million market capitalisation in about 10 minutes and briefly topped $40 million after roughly an hour. In the latest move, Kimchi briefly exceeded $15 million on 26 October, gaining more than 47% in 24 hours before falling to about $9.4 million, according to GMGN data. The rally has drawn attention to supply and trading risks. Reports said wallets linked to Kimchi withdrew about 1.35 billion PUMP, worth around $6.43 million, from exchanges over three hours, while Kimchi reportedly held 75.32% of the KIMCHI supply. One early buyer was reported to have turned about $848 into roughly $111,000 in realised proceeds, while retaining tokens valued at around $171,000. The price swings and concentrated holdings leave Kimchi vulnerable to rapid reversals, despite the potential for renewed speculative demand.

Retail Bitcoin (BTC) inflows to Binance have nearly doubled to a six-month high, while whale deposits have declined, according to CryptoQuant analyst Darkfost. As BTC held above $80,000 for several weeks, the 30-day cumulative value of deposits by smaller holders rose from $5.5 billion to $10.75 billion. Whale deposits, meanwhile, fell from $5.9 billion in late August to $3.8 billion. The divergence may mean some retail investors see the rally as a chance to sell, but large holders have not shown clear signs of broad distribution. Traders are watching Binance BTC inflows and whale deposits for clues about potential selling pressure.

SpaceX’s latest updates point to rapid AI growth but rising financial risks. An earlier update cited $7.6 billion in Super Intelligence revenue, compute investments with payback periods under a year, first-quarter revenue guidance of $33 billion to $37 billion and a $63 billion backlog. Starlink revenue rose 69% to $5.2 billion, with 13.6 million subscribers, while possible fourth-quarter capital spending of $40 billion added to investor concerns.

Reports highlight leveraged HYPE long activity on Hyperliquid, though the figures appear to describe different accounts or snapshots. An earlier report said trader 0x666 held a 10x-leveraged HYPE position valued at $35.31 million, opened at $39.81, with the mark price at $78.46 and unrealised profit of $17.4 million. The trader had not reduced the position, which was the account’s only open trade; the account was valued at $27.47 million. A later Onchain Lens report described an unidentified trader holding 26,000 HYPE in a 10x long worth about $1.99 million, with buy orders for another 23,500 HYPE, worth roughly $1.7 million. That account had $3.94 million in cumulative profits, but was down about $3,800 on unrealised trades and $370,900 over the previous 30 days. The markedly different position sizes and performance figures are not directly reconcilable from the reports. Together, they show individual traders taking leveraged bullish exposure to HYPE, but do not establish a broader market trend or reliable price signal.

Lido has launched its permissionless 0x02 Community Staking Module (CSM), expanding Ethereum staking options for independent operators. Under the module, validators can eventually reach an effective balance of up to 2,048 ETH, enabled by Ethereum’s EIP-7251. Operators provide a bond of 32 ETH for their first key and 30 ETH for each additional key, while Lido supplies the staking capital in stages: each new key first receives a 32 ETH deposit, with further funds distributed through a separate top-up queue. The initial allocation is capped at 0.01% of Lido Core’s total value locked, with 32 top-up seats. Expansion depends on governance and available protocol inflows, and existing 0x01 operators can continue using their current module. The 2,048 ETH balance is therefore a potential maximum, not an immediate or guaranteed allocation. Traders can track activated keys, top-ups and governance decisions to assess Lido adoption and the module’s effect on staking decentralization.

Kraken opened funding and trading for Saffron’s SFI token on October 23, 2026, subject to geographic restrictions. The Ethereum-based governance token, also known as Spice, has a maximum supply of 100,000 and was distributed through a liquidity-mining programme that ran from October 2020 to mid-2021. Kraken says app and Instant Buy access may follow if liquidity is sufficient. The listing gives eligible customers another way to trade SFI, but it does not grant holders a claim on Saffron vault returns or prove demand for the protocol. Saffron’s current product lets liquidity providers receive an upfront premium in exchange for future fees from Uniswap concentrated-liquidity positions. Fee buyers pay the premium and take on uncertainty about trading activity and fee income. Outcomes depend on factors such as the vault term, trading pair and price range; positions outside their active range stop earning fees, and price movements can change their token composition. This fee-swap model differs from Saffron’s earlier tranche and insurance mechanisms, which have been retired. Traders should assess SFI’s governance role separately from the risks and potential returns of individual vaults.

Cardano’s Leios scaling plan will advance in stages, with no immediate capacity increase or fixed Dijkstra hard-fork activation date. Input Output’s October 20 roadmap says Dijkstra is intended to introduce the rules needed for Leios. Stake pools must register BLS voting keys, and activation requires votes representing at least 75% of active stake; participation is estimated at 90–95% of delegated stake. The initial Leios target is three to five times the Praos ceiling of about 4.5 TxkB/s—roughly 13.5–22.5 TxkB/s—with a possible later increase to 10–15 times the baseline, or about 45–67.5 TxkB/s. These figures measure transaction-data throughput, not guaranteed transactions per second; actual capacity depends on transaction size and resource use. Increases beyond the initial stage depend on mainnet testing and separate governance votes, with operators assessing hardware demands, propagation and recovery. Earlier MusashiNet tests reached about 26.8 TxkB/s, but included synthetic traffic and do not establish mainnet performance or user demand. Input Output plans controlled mainnet traffic tests after activation. Separately, 21 of 103 listed Cardano apps have enabled transaction tracking, and the company estimates sustained activity of about 50–70 TxkB/s may be needed for fees to reach break-even. Leios can add capacity, but cannot create demand. For ADA traders, the roadmap is a long-term scaling development rather than an immediate change to network performance; key signals include software readiness, stake-pool key registration, test results and approved parameters.

Latvia aims to introduce a real-world asset (RWA) tokenization framework in the first half of 2027. Commercial property could be an early use case, with government bonds also under consideration. The Economy Ministry is working with the central bank, Finance Ministry and industry representatives; a legal assessment originally due on 1 October 2026 is still underway. The rules remain subject to the next government’s agenda, and no tokenized bond issuance or commercial partners have been announced. Anti-money-laundering safeguards and transparency are expected to be priorities. The framework could offer clearer rules for RWA tokenization and support longer-term investment opportunities, but it is not an immediate market catalyst. Latvia’s separate proposals to allow personal tax payments in crypto and establish a small bitcoin reserve have no confirmed implementation plans. Slovenia’s €30 million digital sovereign bond in 2024 provides a regional precedent.

A comparison of crypto gambling platforms examines how shared accounts and balances link casino games, sports betting and, on some sites, prediction markets. The platforms covered across the two articles include Dexsport, Stake, BC.Game, Cloudbet, Roobet, Shuffle, Rollbit, 1win, BetFury, Thunderpick, Rainbet and Lucky Block. Crypto gambling platforms may use a pooled balance, separate balances for each coin, or distinguish withdrawable funds from locked funds. Shared accounts can simplify deposits and withdrawals, but verification files and user activity may span multiple products. Some platforms also apply responsible-gambling limits across casino and sports betting. The newer comparison adds detail on signup methods, account-wide verification and bonus restrictions. Checks may be requested after large withdrawals or wins, while sportsbook coverage varies. Bonuses, wagering requirements, supported currencies and betting limits can differ by product, even when accounts share a balance. Traders and users should check current terms, withdrawal conditions, local laws and spending limits before depositing. The comparison describes platform functionality, not a crypto-market catalyst; shared balances may reduce friction but do not necessarily affect token prices.

Pi Network released Desktop version 0.6.4, allowing users to access supported SoloHost apps through Pi Browser without manually changing router settings or opening ports. Remote access remains optional, and new checks are intended to limit apps’ access to unrelated files and network resources. Pi Network also says users should assess third-party software before installing it. The updates follow Pi Network’s October 16 Mainnet completion of the Protocol 28 upgrade, which aims to improve handling of delayed transaction data and give developers more flexibility to maintain smart contracts. The announcement included no figures on node participation or use of the new features. The technical changes have yet to show a clear effect on PI demand. The token traded near $0.0759 on October 25, down about 13% over the previous month and still below $0.08. An earlier update put PI at $0.076, down 2.7% in 24 hours, with market capitalisation below $900 million. Analysts cited support at $0.075–$0.077 and resistance at $0.080–$0.084; a sustained break below support could bring $0.067 into focus. PI remains more than 97% below its near-$3 all-time high. The updates may benefit Pi Network’s developer ecosystem, but broader adoption would be needed to support a lasting market impact.

Ethereum has lost about $54 billion in market capitalisation over three weeks, while ETH has fallen roughly 15% amid weakness across the altcoin market. Analyst Darkfost attributes the decline to falling prices, cascading liquidations and traders reducing risk. Ethereum deleveraging is also visible in derivatives data: Binance ETH open interest dropped $1.3 billion, or nearly 20%, over the past month to $5.7 billion, while total market open interest fell to $11.5 billion. Darkfost says such deleveraging can be part of a normal correction, and fear may emerge near its later stages. In July, a steeper drop in ETH open interest was followed by stabilisation and a rally of more than 32%, briefly taking ETH above $2,800. That history offers context, not a guarantee; reduced leverage may ease liquidation pressure, but the price decline remains a short-term risk for traders.

Apollo Global Management chief economist Torsten Slok says AI investment has yet to produce clear financial returns across most US companies. Inflation-adjusted revenue per employee and profit margins have risen among the Magnificent Seven, but remain broadly flat at the other 493 S&P 500 companies; Apollo also found no clear AI-driven productivity acceleration. AI adoption is widespread, but a September analysis found that while 69% of S&P 500 companies were deploying AI, only 29% reported quantified outcomes and 2% tracked performance over time. Some established businesses are becoming more selective about costly AI models, with token spending viewed as a cost that can squeeze margins. The latest market focus is whether AI spending will generate adequate returns during earnings season. Meta’s plans to increase AI investment and capital expenditure recently unsettled investors, weighing on its shares and pushing credit-risk indicators to record highs. For crypto traders, the findings are not a direct token catalyst, but could affect broader risk appetite if doubts about AI-driven growth spread across markets.

Prediction markets are increasingly being used as real-time data sources, not just trading venues. Their prices can offer timely probability estimates because traders risk money, prices respond to new information and outcomes can be checked after settlement. Prediction markets are now featured by Google Finance, CNBC, CNN and The Wall Street Journal, while ICE and Tradeweb distribute related data to institutional clients. A Federal Reserve working paper assessed Kalshi forecasts for economic indicators. It found that, in the period studied, Kalshi’s median and modal interest-rate forecasts were accurate on the eve of FOMC decisions, and its headline CPI forecasts outperformed Bloomberg consensus. Rate-market expectations also shifted as economic data emerged and were broadly in line with CME FedWatch. Research cited in the reports finds prediction markets competitive with, and sometimes more accurate than, polls and expert forecasts across elections, economic releases, public health and other events. Tiger Research analyzed 2,681 settled markets on the on-chain platform Limitless. Around 85% were sports-related; in nine of 10 price bands, implied probabilities were within four percentage points of actual outcome frequencies. Thinly traded markets were less reliable. For crypto traders, prediction markets may provide useful signals about macroeconomic expectations and event risks, but the findings are not a direct catalyst for crypto prices. Greater liquidity, regulatory engagement and transparent data remain important to their credibility.

Solana co-founder Anatoly Yakovenko has floated an early concept for a validator-weighted oracle that could price tokenized collateral and enable new SOL issuance against it. Validators’ pricing votes would be weighted by the SOL staked with them, while profits from the activity could be taxed to generate network revenue. The Solana validator-weighted oracle is not a formal governance proposal, and no eligible collateral, vote or implementation timeline has been announced. The idea follows the Alpenglow upgrade, which went live on 21 October and brought transaction finality to about 150 milliseconds while streamlining validator votes. A native oracle could complement or compete with providers such as Pyth and RedStone. Traders will be watching for details on collateral safeguards and the effects of new issuance on SOL supply. Giving validators influence over both asset pricing and SOL creation could also raise concerns about incentives, concentration and manipulation.

CoreWeave (CRWV) shares dropped more than 15% in one day in mid-October and nearly 25% over the week, as investors questioned the AI cloud provider’s debt-funded expansion. The company reported $35.6 billion in indebtedness as of June 30, while broader estimates put its debt exposure at about $50 billion. Its 2030–2032 bond yields climbed to roughly 15%–16%, and credit-default-swap spreads exceeded 1,000 basis points, signalling rising concern about credit risk and refinancing costs. Higher market yields do not immediately increase payments on existing fixed-rate debt, but could make future borrowing more expensive. CoreWeave also expects capital spending of $35 billion to $39 billion in 2026. The company reported $5.1 billion in 2025 revenue and a $1.2 billion net loss. Analysts expect about $13 billion in 2026 revenue but see losses continuing. CEO Mike Intrator cited a backlog exceeding $104 billion, which points to contracted demand but is not cash on hand and must be fulfilled over time. Nvidia owns about 10% of CoreWeave and has a capacity agreement with the company through April 2032. Short sellers made an estimated $806 million on October 14, when CRWV fell 15.5%, although buyers remained active: ARK Invest bought more than 381,000 shares, and retail investors purchased about $66 million worth during the week. The sell-off also weighed on AI infrastructure peers Nebius (NBIS) and Applied Digital (APLD). Wall Street views remain divided, with some investors citing demand and backlog as reasons to buy, while others warn that debt costs and execution risks could undermine returns from the AI infrastructure buildout.

Stellar’s Bell upgrade for Protocol 30 is approaching, with mainnet validators scheduled to vote at 17:00 UTC on 23 November. Testnet validators are due to vote at 17:00 UTC on 3 November; dates may change, and activation depends on validator approval. The Bell upgrade guide asks wallets, exchanges and infrastructure operators to update software for contract addresses beginning with “W” and changes to ledger-header data. JavaScript SDK v17.3.0, released on 21 October, supports encoding, decoding and validating the new addresses. Operators that decode raw ledger data also need compatible tools for the updated ledger header. Bell adds ML-DSA signature verification for smart contracts and allows customer identifiers in contract addresses. Ordinary network transactions will continue to use Ed25519, and millisecond-level ledger timestamps will not, by themselves, make ledgers close faster or change the block interval. The Bell upgrade is a technical readiness milestone, not a confirmed improvement in network speed or performance, so its direct price impact on XLM is uncertain.

Hyperliquid has updated its testnet operation-priority rules following user feedback. The noop and scheduleCancel operations no longer affect the priority of other operations. Most other operations lower the priority of competing operations until they are completed, with cancel, cancelByCloid, order, modify, and batchModify also exempt. Hyperliquid has also added cDeposit2, an API operation similar to cDeposit that supports agent-signed requests. These changes apply to testnet functionality; no direct effect on HYPE trading or prices was reported.

Binance Futures will launch the PREDICTUSDT pre-market perpetual contract at 15:45 (UTC+8) on 25 October 2026, according to an official announcement. The contract will offer leverage of up to 5x, giving traders a way to take positions in PREDICT before regular market trading. The launch adds a new derivatives venue for PREDICT, but pre-market trading may carry heightened volatility and liquidity risks. Traders should account for the risks of leverage and sharp price swings.

Polkadot (DOT) has extended its decline. On October 17, it fell about 5% to $1.16–$1.18 after failing to hold a rally near $1.29, and it struggled to reclaim $1.20. By October 24, DOT had dropped a further 4% to about $1.05 after another brief rise to $1.20 failed. Traders are now watching $1.00–$1.02 as near-term support; a sustained break below could bring $0.95 and $0.90 into focus. A move back above $1.09–$1.11 may improve the short-term outlook, with resistance near $1.15 and $1.20. No single Polkadot-specific event has been identified as the cause. Broader crypto-market uncertainty and persistent selling appear to be weighing on DOT. The 2.1 billion DOT supply cap and declining issuance have not offset weak demand. Institutional access includes the 21Shares Polkadot ETF, while Grayscale withdrew a separate ETF registration. Traders will be watching whether buyers defend support and absorb selling pressure.

Microsoft has withdrawn as the anchor client for Nscale’s planned AI data center in Loughton, Essex, after the UK grid operator said sufficient power may not be available until the early to mid-2030s. The facility was expected to open in late 2026 or early 2027, initially with 50 MW of capacity and room to expand to 90 MW, and was planned to host 23,040 Nvidia GB300 GPUs for Azure. Microsoft says its other Nscale projects in Norway, Portugal and the US are unaffected. Nscale is exploring on-site power options, including fuel cells, but its Norwegian site is also behind schedule, with 6.4 MW of a planned 30 MW operational. The cancellation highlights electricity-grid constraints as a risk to AI data center growth and could raise questions about Nscale’s delivery capacity ahead of its planned US IPO. For crypto traders, it has no direct impact on token prices; any effect on AI-related crypto sentiment would be indirect and depend on whether infrastructure delays slow broader AI growth.