Crypto News

Mirae Asset Securities (HK) has arranged tokenised funding notes that onchain platform Grvt has subscribed to, marking an initial step in their collaboration on tokenised securities. The size and terms of Grvt’s subscription have not been disclosed. Grvt may use its resulting exposure in connection with Grvt Earn, which it operates independently and offers only to eligible users in permitted jurisdictions. Mirae Asset does not endorse or operate Grvt Earn, which is not authorised by Hong Kong’s Securities and Futures Commission (SFC) or offered to the public in Hong Kong. The firms may explore tokenised Treasuries, corporate bonds and ETFs, subject to regulatory requirements and internal approvals; no further products or commitments have been announced. The deal extends Mirae Asset’s digital-asset activity in Hong Kong, following its digital bond launch in January 2026, retail digital-asset trading approval in April and MAPS app launch in July. Mirae Asset Financial Group reported more than US$1 trillion in client assets as of September 2026. For crypto traders, the tokenised funding note deal is an institutional adoption signal, but its exploratory scope and lack of disclosed size mean no direct impact on Grvt or broader crypto prices is established.

Bloom Energy (BE) reported third-quarter revenue of $1.24 billion, up 138% year over year, and raised its full-year outlook. Product revenue climbed 179% to $1.07 billion, while operating margin expanded to 23.1%, indicating stronger operating leverage as production scales. Yet Bloom Energy shares fell 11% after the results, as investors focused on negative free cash flow of $181 million, negative operating cash flow of $27 million and aggressive capital spending. Customer concentration adds risk: the two largest customers generated about 69% of quarterly revenue. Traders will watch whether Bloom Energy can convert rapid growth and record profitability into sustainable cash generation; continued cash pressure may keep the stock volatile.

USD/JPY edged higher in both market updates, rising from 157.636 to 157.82, while USD/CNH shifted from a slight gain to a 0.03% decline at 6.66496. Gold reversed from a 0.22% drop to a 0.19% gain at $4,025.92 an ounce; silver was little changed overall, at $53.895. European stocks were mostly higher in the earlier snapshot but later showed mixed performance: the Euro Stoxx 50 and Germany’s DAX 40 gained, while the FTSE 100 fell. Oil remained lower, with WTI at $101.80 and Brent at $114.88 a barrel. The USD/JPY and broader cross-market moves offer context for traders, but neither update identifies a clear catalyst or reports a direct cryptocurrency price move.

Coinbase is expanding its bank partnerships with PNC, JPMorgan Chase and Citi, bringing crypto and digital asset services closer to mainstream banking. PNC private banking clients can buy, sell and hold Bitcoin through the bank’s digital platform, with Coinbase providing the infrastructure and custody. JPMorgan Chase is linking Chase accounts, credit cards and rewards to Coinbase for account funding and rewards redemption, but will not offer Bitcoin trading in its banking app. Citi is working with Coinbase on business stablecoin payments, allowing customers to send and receive stablecoins that Coinbase converts to traditional currency for settlement. Separately, Coinbase and Stablecore say their community-bank technology could potentially reach more than 3,000 US banks and credit unions; this is a possible footprint, not a count of confirmed partnerships. The latest report adds that the deals have no disclosed transaction volumes or launch timelines. Coinbase bank partnerships broaden institutional access, but the announcements alone do not establish a direct price catalyst for Bitcoin.

PrimeXBT has added tokenised stocks to its PXTrader 2.0 platform as a new Crypto Futures category. The USDT-denominated contracts track SpaceX, NVIDIA, Tesla, Circle, Apple, Alphabet and Robinhood, and allow long or short positions around the clock. They are derivatives, not shares, and do not give traders ownership of the underlying companies. The launch broadens PrimeXBT tokenised stocks access to equity-linked markets beyond regular stock-market hours. PrimeXBT also added seven crypto futures markets, including Lighter (LIT), Monad (MON) and Venice Token (VVV), plus Crypto CFDs on Monero (XMR), Hyperliquid (HYPE) and Zcash (ZEC). Arbitrum, Optimism and Base were added as supported networks, and Tether Gold (XAUT) joined the internal exchange. PrimeXBT says it offers more than 170 crypto futures markets, supports funding in USDT, USDC, BTC and ETH, and charges futures fees from 0.01% for makers and 0.045% for takers. The expanded product range may attract traders seeking access to crypto and equity-linked derivatives, but leveraged trading can lead to rapid losses.

DeFi TVL fell to about $87.8 billion on October 26, down 1.8% in 24 hours, before reaching roughly $88 billion on October 27—about 2.5% lower over the week, according to DefiLlama. Ethereum DeFi shed around $1.2 billion to about $48.4 billion. Lido’s TVL declined to approximately $22.4 billion, while Aave’s fell to about $17.4 billion from $19.1 billion at the end of September. The outflows were uneven. Morpho added about $304 million over the week, lifting its TVL to roughly $11.4 billion, and Aave V4 grew to around $704 million, near its record high. These gains suggest some liquidity may be rotating between lending protocols rather than leaving DeFi altogether. Trading activity also weakened: decentralised exchange volume fell more than 12% week over week to about $44 billion, while perpetual futures volume declined by roughly 8%. With Bitcoin near $80,000 and markets cautious ahead of a Federal Reserve meeting, traders may monitor ETH prices, lending flows and stablecoin liquidity. The lower DeFi TVL points to softer activity, but protocol-level gains suggest liquidity is being redistributed rather than the sector collapsing outright.

Ripple has expanded its partnership with BNY, which now supports institutional custody and transfers of XRP and RLUSD through its Digital Asset Custody platform. The companies are also exploring direct RLUSD minting and redemption and tokenized investment products on the XRP Ledger. These services remain under development. Separately, Ripple and working-capital platform C2FO plan to use the XRP Ledger and RLUSD to finance approved business invoices and settle payments. The proposal aims to help suppliers receive funds within seconds, rather than wait days for bank transfers or 30 to 90 days for invoice payments. C2FO says its existing early-payment programs have facilitated more than $250 billion in working capital, a figure unrelated to XRP Ledger activity. No launch date, committed financing or production transaction volumes have been disclosed, and C2FO is collecting expressions of interest. Ripple puts RLUSD’s market capitalization at about $2.5 billion, with more than $1 billion issued on the XRP Ledger. The expanded XRP and RLUSD use cases could support institutional adoption, but the trade-finance plans have yet to be proven in live operations.

Luiz Inácio Lula da Silva won Brazil’s presidential runoff with 51.79% of the vote, overturning heavily pro-Flávio Bolsonaro bets on Polymarket and Kalshi. Before the result, Polymarket’s implied odds for Lula were reported at around 16.5%–21.5%, and another snapshot put them at 18.5%; Bolsonaro’s odds reached as high as 83.45%. As results came in, Lula’s contract reportedly hovered near 60 cents despite signs of his likely victory, before surging close to $1. The market recorded about $249 million in trading volume and settled in Lula’s favour. Analysts cited Brazil’s ban on prediction markets and limited local participation as possible reasons prices failed to reflect local information. Later reports said two newly created accounts that bet heavily on Lula made a combined $1.77 million, prompting unconfirmed questions about possible insider trading. A separate trader who had backed Bolsonaro lost more than $430,000. Brazil’s sell-off also drew attention: the Ibovespa fell 13.88% after a trading halt, the real weakened 8.79% against the US dollar, and an EWZ-linked contract on Hyperliquid dropped 27.22% in 24 hours, with about $14.9 million in liquidations, mostly from long positions. For crypto traders, the episode is a reminder that prediction-market odds can be unreliable and that on-chain markets linked to real-world assets can see sharp moves and liquidations. It does not establish a direct change in cryptocurrency fundamentals.

Binance says it blocked multiple cyberattacks linked to North Korean threat actors over the past week, with no systems compromised and no customer assets lost. The attacks were associated with the “Contagious Interview” social engineering campaign, which uses fake job offers and coding tests to trick targets into running malicious software. Binance cyberattacks did not bypass the exchange’s defenses, and the company urged staff and users to avoid unauthorized software and verify code before running it. The disclosure comes amid wider concerns about North Korean cyber activity targeting crypto. A reported $2.84 million drain from BNB Chain on October 8 was attributed to SquidSquad; Binance said that incident was separate.

SlowMist identified malicious JavaScript injected into scripts linked to Udesk customer service. The Udesk script attack, hosted on udeskqlobal[.]com, could collect accessible cookies, browser storage and information entered into forms or authentication requests, potentially exposing credentials and account sessions. It could also target deposit pages on three websites, replace displayed cryptocurrency addresses and interfere with clipboard functions, redirecting transfers to attacker-controlled wallets. Data was sent to a remote server, with an image-request fallback if the main transmission failed. SlowMist published file hashes and six wallet addresses as indicators of compromise. It advised affected services to stop loading compromised scripts, restore trusted versions, investigate access logs and possible data leaks, revoke exposed sessions, and verify deposits and transactions. Users should check deposit addresses through independent, trusted channels.

A new Ipsos survey highlights a gap between support for financial technology and support for crypto. While 35% of US adults want political candidates to back financial technology innovation, only 13% say the same when blockchain, cryptocurrency and decentralised finance (DeFi) are specifically mentioned—a 22-point difference ahead of the November 2026 midterm elections. The DeFi Education Foundation commissioned the survey of 1,545 US adults, conducted from September 8 to 16. Although 74% said the financial system needs reform to give individuals more control over money and assets, just 9% were very or extremely familiar with cryptocurrency, and only 5% reported substantial trust in decentralised platforms. Lifetime crypto ownership or use rose to 22%, from 18% in 2025, but the share who used cryptocurrency in the past year remained at 13%. Among respondents open to trying DeFi, 85% were interested in saving and 82% in sending money to friends or family in the US. For crypto traders, the findings suggest that demand for financial reform has not yet translated into broad support for crypto policies or greater recent adoption.

Galaxy Research says Bitcoin’s bear market may have bottomed in June 2026 and that Bitcoin is now in an accumulation phase. The firm cites a rebound above the 50-week moving average after 44 weeks below it, support at the 200-week average during June’s low, and timing that resembles previous post-halving market bottoms. Galaxy says speculative exposure has fallen: asset managers’ net long CME Bitcoin futures positions dropped 57% from their peak. ETF data cited in the reports shows holdings among reporting institutions fell 14%, while total US spot Bitcoin ETF holdings declined 11% from the market peak to the low. Since June’s low, spot ETFs have added 87,000 BTC, which Galaxy says suggests longer-term investors and wealth managers are absorbing supply. Selling by holders of long-dormant Bitcoin has also eased. The report argues that US debt, fiscal deficits and currency-debasement risks could support Bitcoin’s appeal as a hard asset. However, Bitcoin remained 35% below its previous high on 22 October while major US stock indexes were near records. Galaxy’s bullish outlook would be challenged if Bitcoin closes below the 50-week average—then cited at $76,540—and fails to reclaim it within a month, if spot ETF holdings fall below 1.22 million BTC, or if other specified risks emerge. The firm’s analysis is an investment view, not a guarantee of returns.

Firedancer now requires researchers to permanently burn 1 SOL—about $100—when submitting each bug report, a policy introduced on 18 October 2026 to curb AI-assisted spam and duplicate reports. The fee is non-refundable, including for invalid, out-of-scope or duplicate reports; submissions without the burn may be reviewed but cannot qualify for rewards. The measure follows a $1 million Firedancer audit competition held from 9 April to 9 May. It drew 162 researchers and 809 reports, producing 127 unique security findings, while nearly half of valid reports were duplicates. Jump Crypto said AI agents helped find vulnerabilities or write almost all submissions, and the pending-report backlog reached 299. To encourage useful research, standard Firedancer bounty payouts are doubled through 20 November 2026. Findings involving Solana’s Alpenglow consensus system can earn triple the standard reward, with critical voting-system flaws eligible for up to $300,000 at the team’s discretion. The policy’s effect on report quality and Firedancer’s security remains uncertain; the small SOL burn is unlikely to materially affect SOL’s circulating supply.

GoldZip is integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) with XGZ, a gold-backed token issued with support from the Hong Kong Gold Exchange. Announced with blockchain developer Midas Labs on 27 October 2026, the integration makes GoldZip a launch partner for CCIP 2.0 and is intended to let holders transfer XGZ across supported networks. XGZ currently runs on Ethereum, and each token represents one gram of 99.99% fine gold held in accredited vaults. GoldZip’s website lists about 39,000 XGZ in circulation, corresponding to approximately 39 kilograms of gold. The company has set a $300 million target for its physical gold reserves; this is an expansion goal, not a confirmed reserve level. Independent audit reports are listed as forthcoming. Eligible holders can redeem physical gold from 1,000 XGZ, equivalent to one kilogram, subject to AML and KYC checks. XGZ trades on Uniswap and MEXC, with a reported market capitalisation of roughly $5 million in late October. The CCIP integration could improve XGZ’s cross-chain access and broaden its potential user base, building on GoldZip and Midas Labs’ work on institutional digital-gold infrastructure. However, the announcement does not by itself demonstrate increased demand, liquidity or value. Traders will be watching deployment, adoption, reserve verification and liquidity across supported networks.

Anthropic’s planned Nasdaq IPO filing raises the reported total of its multiyear compute and infrastructure commitments to $637 billion, up from earlier estimates of at least $518 billion. The commitments include $161.2 billion tied to Broadcom and at least $114.5 billion to Google; earlier disclosures also cited $110 billion for Amazon and $31.4 billion for Microsoft. About 80% of the commitments are reportedly non-cancelable or payable regardless of usage, leaving Anthropic exposed to substantial fixed costs if demand or AI service prices weaken. Anthropic reported $16.3 billion in first-half 2026 revenue, including a record $11.6 billion in the second quarter, and its first positive quarterly GAAP operating profit of $974 million. It nevertheless recorded an $80.7 billion first-half net loss, largely due to non-cash accounting charges. About 80% of revenue reportedly comes from Claude usage. The planned IPO could value Anthropic at $1.5 trillion to $2 trillion. The estimate that commitments equal roughly 14 years of second-quarter revenue assumes revenue stays flat; it is not a payment-timeline forecast. The Anthropic IPO is an AI and cloud infrastructure story, with no direct cryptocurrency price catalyst. Traders may monitor IPO pricing, revenue growth and whether profitability holds as compute costs rise.

BSC meme coin GANG’s market capitalisation rose from more than $6 million to a record above $7 million, before easing to $6.73 million, up more than 71% in 24 hours, according to GMGN data. GANG is linked to a token issuance and trading platform for AI agents: only BAW Agent can issue tokens and trade them on its internal market, where each wallet’s holdings are capped at 1% of a token’s supply. The platform’s fees vary by token type. For tax-free tokens, the internal market charges 1%, with 80% used to buy back and burn GANG and 20% sent to the treasury; fees end when a token graduates. Taxable tokens incur a 1% fee on internal and external trading. Half is distributed to holders with at least 10,000 tokens, and 80% of the remainder funds GANG buybacks, with 20% going to the treasury. The record market cap and sharp daily gain point to strong short-term interest in GANG, but the meme coin remains highly volatile and vulnerable to sentiment shifts and changing market attention.

South Korean police have arrested seven people over an AI-assisted hacking campaign that allegedly breached about 90 organisations and stole 8.2 million records. Police describe it as the country’s first large-scale case of this kind. The alleged 32-year-old ringleader, who had worked in cybersecurity and simulated attacks but had no formal IT education, reportedly used an AI coding agent and automated penetration-testing software to breach 60 companies in 44 days. Targets included hospitals, schools, universities, tutoring centres and businesses. A funeral services provider reportedly lost 1.22 million records. The suspect allegedly demanded 360 million won (about $272,000) from 38 victims; investigators have confirmed just one payment of 300,000 won (about $210). Fifteen organisations have reported damage, while police are investigating six alleged accomplices and seeking further victims. The AI-assisted hacking case highlights how automation could increase the speed and scale of cyberattacks. It has no direct, identified effect on cryptocurrency prices or trading.

Zcash’s 20% block reward allocation has funded nearly a decade of privacy and security development, according to Grayscale, as the network approaches its tenth anniversary on October 28, 2026. Miners receive the remaining 80%. Of the development allocation, 8% supports community grants and 12% is set aside for retroactive grants in a development lockbox, with spending subject to community decisions. Grayscale cites Zcash’s shielded transaction upgrades, including Sprout, Sapling, Orchard and Ironwood, as evidence of sustained development. Ironwood went live in July 2026 and introduced formal supply-integrity verification and quantum-recoverable notes, though those notes alone do not make the network fully quantum-resistant. In October, ZEC holders approved $8.39 million for 17 retroactive grant projects focused on security research, protocol development, formal verification and audits. The funding discussion follows ZEC’s roughly 25% decline in October, despite $41.09 million in net inflows to Grayscale’s Zcash Trust. The planned NU7 upgrade on November 5, 2026, aims to cut block intervals from 75 seconds to 25 seconds. Grayscale says future work will need to address transaction capacity, quantum computing and AI-driven cyber threats. The funding model and upgrade plans may support Zcash’s long-term development, but do not guarantee a price recovery or create a clear near-term catalyst. Traders will be watching governance decisions, use of the lockbox and NU7 delivery.

Elon Musk has backed the possibility of a SpaceX-Tesla merger, and both companies have formed special committees to examine it. However, no definitive terms have been agreed, and a deal is not assured. Any transaction would face procedural and regulatory hurdles, including approval from at least 50% of Tesla’s outstanding shares; Musk would be excluded from that vote because of conflicts of interest. Prediction markets show less confidence in a near-term announcement than before: the odds for an announcement by 31 December 2026 have fallen from 18.5% to 13%. Longer-dated contracts are more optimistic, including a 67% probability by 1 January 2028, but these prices reflect sentiment rather than confirmation. Traders will be watching committee updates, company filings and shareholder responses for evidence that the SpaceX-Tesla merger is progressing.

Huang Licheng, known as “Machi Big Brother,” first saw his 25x ETH long fully liquidated during a brief market sell-off, losing more than $180,000. He later reopened the position and built it to 115 ETH, but has since reduced it again to 68 ETH, worth about $157,000. With ETH trading at $2,320 and the position’s liquidation price at $2,290, the threshold is just $30 below the market price. The leveraged ETH long is highly exposed to further declines and possible forced selling, although one trader’s position does not by itself indicate a broader ETH market trend.

The Saudi-led coalition first reported intercepting a drone in eastern Saudi Arabia, without identifying its origin; the Houthis denied responsibility for attacks on Saudi Arabia. A later report said the coalition intercepted four Houthi drones targeting southern Saudi Arabia, highlighting continuing cross-border tensions. Separate reports cited an attack on the Shaybah oilfield that reportedly caused casualties. Prediction markets priced the odds of Houthi forces entering Aden by 31 October 2026 at 1.1%, down from 1.4% in the earlier report, and the odds of Saudi Arabia closing its airspace by 1 November at 2.8%. The Houthi drone interceptions and related geopolitical risk have no direct link to cryptocurrency prices or trading activity.

Hong Kong AI stocks rose in two reports published on 23 and 27 October. On 23 October, the Hang Seng Tech Index gained 2% and the Hang Seng Index rose 0.8%; MiniMax-W climbed 12% and Zhipu nearly 7%. By 27 October, Gate market data showed Zhipu up more than 10% and MiniMax up over 4%. Neither report identified a specific catalyst. The gains point to strength in Hong Kong AI stocks, but no direct link to cryptocurrency markets was reported.

Anthropic’s IPO filing has lifted US stocks and strengthened sentiment around AI investment. The S&P 500 rose 0.70% and the Nasdaq gained 0.82%. Reports cited gains for Nvidia, AMD, Micron and Broadcom, as well as Microsoft and Amazon; one earlier account also reported a rise in SpaceX shares. The reported moves varied across accounts, with Nvidia gains ranging from 2.4% to 3.1%. The Anthropic IPO filing has focused attention on the growth potential of AI, alongside the sector’s substantial infrastructure costs. Further disclosures, such as financial details or a possible share-price range, could shape expectations and the eventual valuation. The news indicates stronger AI-sector investment sentiment, but offers no direct catalyst for cryptocurrency prices.

Donald Trump has endorsed Republican Senator Cindy Hyde-Smith in the competitive Mississippi Senate race, praising her for securing more than $2 billion for 360 projects across the state and calling her a “conservative fighter.” Hyde-Smith is seeking re-election against Democrat Scott Colom and independent Ty Pinkins. Recent polls show her narrowly ahead of Colom, though some voters remain undecided; Senate Majority PAC has also spent money to support Colom. Election-market pricing favors Hyde-Smith, while an earlier measure put the probability of a Democratic victory at 13.5%, up from 12% a week before. Polls, campaign spending and turnout may still shift the Mississippi Senate race. The political news has no direct, identifiable impact on cryptocurrency prices.

A Boston Consulting Group (BCG) report commissioned by Ripple says institutional crypto custody is increasingly judged on governance, interoperability and operational integration, as well as security. The report estimates that more than 30% of digital assets held outside centralised exchanges use institutional custody models. This is an estimate from the commissioned research, not a count of all wallets or 30% of the entire crypto market. The newer findings highlight how approval controls, reporting tools and links to settlement, payments and treasury systems can affect institutions’ ability to use stablecoins and tokenised securities. Some firms may connect multiple custodians through an orchestration layer, while others may choose integrated services. BCG also models $80 million to $100 million in potential profit-and-loss upside for a regional bank with $200 billion to $300 billion in assets that combines custody options with five digital-asset use cases. This is an illustrative opportunity, not a forecast or reported earnings. Ripple sells custody infrastructure, so its sponsorship is a relevant commercial interest. US banking regulators have said crypto safekeeping remains subject to existing safety, soundness and legal requirements. The report signals potential growth in institutional crypto custody and services, but does not establish near-term adoption or demand. For traders, it is a longer-term industry development rather than a clear near-term price catalyst for XRP.

Ethereum co-founder Vitalik Buterin supports Kimi 3.1’s decision to omit the most advanced offensive cyber capabilities from its training data. He argues that restricting dangerous use cases for everyone is preferable to limiting powerful AI access based on identity, and could give defenders time to strengthen systems and formally verify code. Buterin says the restrictions are only a delay, as other AI labs may develop similar capabilities. He warns that poorly handled AI risks could lead to pervasive surveillance and identity checks for model access. Critics say guardrails could hinder legitimate security research. The discussion highlights AI’s potential role in both cyberattacks and crypto security, but introduces no Ethereum protocol change or direct market catalyst.

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.

Circle minted 250 million USDC on Solana in a transaction confirmed at 01:44 UTC+8 on October 26. A later report from on-chain monitoring service Onchain Lens said Circle had minted 500 million USDC across two transactions of 250 million each, bringing its reported Solana minting total for 2026 to $112 billion. The issuance highlights substantial USDC activity on Solana, but the reports do not confirm whether the newly minted tokens have entered circulation, reflect customer demand or will be used to buy crypto assets. Traders may watch subsequent transfers, exchange flows and USDC’s peg for signals about how the additional supply is being used.

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.