Crypto News

Solana has integrated with Polygon’s Open Money Stack, adding payment services for businesses operating on the Solana network. Solana Foundation President Lily Liu marked the announcement with the phrase “unblocked and unmuted,” but did not explain its context or describe any prior dispute between the teams. The Polygon integration connects bank deposits, cards and other funding methods with wallets, asset conversion and payouts. Businesses can accept or convert stablecoins and other supported assets, including USDC, USDT and PYUSD, and route funds across Solana, TRON and Ethereum-compatible networks. The service also offers virtual accounts and embedded wallets, while allowing companies to keep their existing compliance and settlement providers. Polygon says its U.S. payments business has 37 state money transmitter licences and 11 applicable exemptions. The launch follows Polygon’s August rollout of Trails, its cross-chain routing service, and comes after Solana appointed former Polygon Labs executive Jamal Raees to lead payments. The article also reports that Solana processed more than $5 trillion in stablecoin transaction volume during 2026, citing a Solana executive. The integration could make it easier for businesses to use Solana for stablecoin payments and connect those transfers to traditional bank accounts. It expands payment infrastructure rather than announcing a new token or a change to Solana’s protocol.

Coinbase tokenized stocks have surpassed $4 billion in cumulative decentralised exchange (DEX) trading volume on Base, according to the latest figures. Volume grew from tens of millions of dollars after launch on August 24, 2026, to more than $1 billion by mid-September, $2.26 billion by October 11 and over $3 billion by October 19. Coinbase also reported $1.5 billion in Base DEX trading over a 30-day period, up 313% from the previous 30 days. More than $260 million of Coinbase tokenized stocks is now deployed in Base DeFi protocols, up from about $14.66 million at the start of 2026. The tokens represent fractional shares in companies such as Apple and Nvidia, and can be traded on decentralised exchanges or used as loan collateral. Aerodrome accounted for 76% to 98% of trading during key periods, while Aave was among the protocols receiving deposits. The activity points to growing use of Base-based markets and on-chain equities, but does not establish increased demand for Coinbase shares or crypto assets more broadly. The tokens are described as backed one-for-one by shares held in regulated custody, but are available only to eligible non-US users, with the custody arrangement regulated in Abu Dhabi. These access and jurisdiction limits remain relevant risks for traders.

Tokenized stocks need more than 24/7 trading to attract larger trades, Gravity Team CEO Mārtiņš Beņķītis said. Market makers need enough capital to manage inventory and hedge risk when traditional exchanges are closed. Reliable redemption into underlying shares, predictable settlement and access to securities are also essential to keep token prices close to stock prices. An October report by the International Monetary Fund found tokenized equities are significantly less liquid than traditional stocks and have about 1.5 times their realized volatility. Weekend trading and lower trading volumes can contribute to sharper price deviations. Stablecoin conversion and local banking restrictions may add costs, particularly in emerging markets. Separately, 38 public companies have objected to having tokenized shares represented on OKXICE, a proposed venue backed by OKX and Intercontinental Exchange. The platform plans around-the-clock trading with stablecoin settlement under the SEC’s Innovation Exemption. The objections highlight issuer acceptance as another challenge for tokenized stock markets.

The New York Stock Exchange (NYSE) plans to launch binary options on 12 securities, including Nvidia, Apple, Tesla and the SPDR S&P 500 ETF. The contracts offer a fixed payout if a share closes above or below a set price; otherwise, they expire worthless. NYSE expects trading to begin within days of its October 27 announcement. The NYSE binary options plan also includes proposed contracts tied to company results, such as revenue and earnings per share. These KPI options would pay $1 or zero, but still need SEC approval. Rival exchange Cboe has authorization for similar products. The move comes amid record activity in prediction markets. Kalshi reported about $65 billion in October-to-date volume, while Polymarket US recorded roughly $10 billion. Robinhood generated $173 million in prediction-market revenue in the third quarter, surpassing its $120 million in crypto transaction revenue. NYSE’s securities options would fall under SEC oversight, unlike federally regulated event derivatives on platforms such as Kalshi, which are overseen by the CFTC.

The US Securities and Exchange Commission is closely monitoring prediction markets for fraud and securities violations, with insider trading and market manipulation among its main concerns. SEC enforcement director David Woodcock said the agency expects to take enforcement action in the sector. He added that trades tied to public companies’ key performance indicators or earnings data could fall under SEC jurisdiction. Prediction markets including Kalshi and Polymarket’s US business are currently primarily overseen by the Commodity Futures Trading Commission. The comments raise the prospect of closer regulatory scrutiny for prediction market trading.

Glassnode estimates that long-term holders own about 4 million Bitcoin bought between $85,000 and $118,000, mostly in 2025. At current prices, the holdings are worth about $326 billion and are at a loss. Glassnode defines long-term holders as addresses that have held Bitcoin for more than 155 days. The $84,000–$85,000 range has turned Bitcoin lower four times this year. Since January, Bitcoin has closed above that zone on only five days. A recovery toward holders’ cost basis could prompt some to sell to break even, creating potential resistance. US spot Bitcoin ETFs have an estimated average cost basis of $81,500–$82,000. Glassnode puts ETF investors’ average unrealized losses at about $2.63 billion as of Monday; the estimate tracks fund flows and excludes the cost basis of secondary-market buyers. The concentration of underwater Bitcoin holdings may therefore weigh on rallies, although actual selling will depend on market conditions.

Standard Asset Company (SAC) has announced a planned $1.5 billion strategy combining a Bitcoin reserve with investments in UAE real estate. The company has not disclosed how the capital will be divided between the two areas or provided a purchase timeline. Coinbase Asset Management will exclusively manage SAC’s Bitcoin holdings. The plan describes phased Bitcoin purchases based on valuation and liquidity, alongside a managed-yield strategy that considers liquidity and counterparty risks. Proceeds could support further Bitcoin purchases and selected property investments, including UAE hospitality assets and branded residences. SAC lists Dubai royal family member Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum among its advisers and shareholders, alongside former White House chief of staff Mick Mulvaney and Coinbase Institutional co-CEO Brett Tejpaul. The company is registered in Abu Dhabi Global Market as a proprietary investment company. Its disclosures say it is not licensed to provide financial services to third parties and do not promise returns.

Neocloud stocks have fallen more than 30% this month, raising questions about investor appetite for Anthropic’s proposed Nasdaq IPO. The AI company has filed an S-1, with a potential valuation of $1.5 trillion to $2 trillion. Its IPO could test demand for frontier AI companies as well as sentiment across the tech sector. Investors will watch for changes to the proposed price range or share count in amended filings, alongside updates on Anthropic’s revenue and profitability. The neocloud stocks sell-off may weigh on expectations for the IPO, but the article provides no final valuation or confirmed offering terms.

Ethereum client teams patched a software flaw that could have allowed attackers to redirect validator rewards. No losses have been reported, and developers said the issue did not affect Ethereum’s core protocol. The fix protects staking payouts, but it did not prompt a noticeable buying response in the ETH market. ETH traded near $2,340, down about 5% over the past week and 13% over 30 days. It remains below its 50-day moving average near $2,450 and only slightly above its 200-day average around $2,320. A daily close below the 200-day average could expose support near $1,940, with another level around $1,850. On the upside, $2,400 is immediate resistance; a sustained move above it could put $2,560 in view. Momentum indicators remain weak: the daily RSI is around 38, while MACD is below its signal line. The article’s near-term bias is bearish unless ETH reclaims resistance, despite the positive security fix.

XRP remains larger than Solana by market value, but a new analyst forecast says SOL could overtake XRP by the end of 2027. On Oct. 26, Solana’s market value was about $60.4 billion, compared with XRP’s $82.5 billion. Analyst Alex Carchidi says Solana’s activity in tokenized assets, fees and decentralised finance supports the possibility of a flip. He also noted that XRP’s lead could become harder to overcome if the XRP Ledger exceeds $2 billion in tokenized assets in early 2027. XRP traded near $1.30 on Oct. 29, down about 3% that morning and 13% over the past month. It is below its 50-day and 200-day moving averages, clustered around $1.36–$1.37. The key support area is near $1.25; a break could expose the next floor around $1.05. Resistance sits near $1.40, followed by $1.49. RSI near 42 signals weak momentum, while a bullish MACD crossover offers an early, unconfirmed sign that selling pressure may be easing. Traders are watching whether buyers defend support or reclaim resistance.

Microsoft plans to raise at least $25 billion in its first US investment-grade bond sale since 2017, as technology companies borrow heavily to build AI infrastructure. The offering may include up to 10 tranches, with maturities from two to 40 years. Proceeds are expected to support general corporate needs, including capital spending. Hyperscalers and data-centre developers have issued more than $313 billion in investment-grade bonds globally in 2026, nearly three times the 2025 total. Microsoft’s AAA ratings could help it secure more favorable borrowing terms than more highly leveraged infrastructure firms. The Microsoft bond sale comes as the company reports strong operating performance and cash generation. In its latest quarter, revenue rose 19% to $92.3 billion, Azure revenue climbed 48% to about $33.2 billion, and free cash flow reached $18.6 billion. Microsoft also reported $45.2 billion in capital expenditure, including finance leases, and held $64.5 billion in cash and short-term investments at September’s end. The borrowing highlights the scale of AI investment and growing investor scrutiny over whether future returns will justify the cost. For traders, the deal is a signal of rising corporate debt funding for AI infrastructure, rather than evidence of financial distress at Microsoft.

Linde reported record third-quarter sales of $9.4 billion, up 9% year over year, and adjusted earnings per share of $4.59, beating analysts’ $4.52 estimate. Its electronics business grew about 15% as semiconductor makers expanded capacity to meet demand for AI and high-performance computing chips. Linde said overall underlying sales grew 5%, while GAAP earnings per share fell 11% to $3.66. Linde raised its 2026 adjusted EPS forecast to $17.82–$17.92, implying 8%–9% annual growth. It reported an $11 billion project backlog, including $7.9 billion in contractual gas-supply projects, and expects 2026 capital spending of $5.5 billion–$6 billion. The company is also investing about $1 billion to expand its Phoenix-area gas facilities under a long-term agreement supporting two semiconductor plants. The results highlight how AI-related chip investment is benefiting industrial suppliers as well as technology companies.

The Nasdaq fell 1.64% to 26,117.47 on Thursday as a sharp decline in Alphabet shares revived concerns about the cost and profitability of the AI boom. The S&P 500 lost 0.51%, while the Dow fell 0.31%. Alphabet plunged about 13%, putting more than $500 billion in market value at risk. Revenue rose 25% to $127.6 billion and Google Cloud sales more than doubled to $30.7 billion, but weaker-than-expected advertising and $51.4 billion in capital spending raised concerns. The company reported about $9.1 billion in negative free cash flow. The Nasdaq selloff also hit software stocks: ServiceNow fell about 23% and Fortinet nearly 22%. The semiconductor index dropped 1.8%. Investors are questioning whether returns will justify the huge cost of AI infrastructure. Microsoft plans to raise at least $25 billion through a bond sale, while Microsoft, Amazon and Alphabet could spend nearly $600 billion combined on AI infrastructure in 2026. Strong US economic growth and the Federal Reserve’s decision to hold rates at 3.75%–4.00% also reinforced concerns that borrowing costs may remain high. The Nasdaq decline highlights a shift in focus from AI growth to cash flow, financing costs and investment returns.

The Bitwise Hyperliquid ETF (BHYP) recorded more than $40 million in trading volume during its first three hours of trading today, according to Bitwise CEO on X. The CEO said investors are paying attention to Hyperliquid. The activity highlights strong early trading interest in the Bitwise Hyperliquid ETF, but the report provides no data on net inflows, price performance or the effect on HYPE, Hyperliquid’s token.

Strategy’s STRC preferred stock rose to $99.95 ahead of the company’s third-quarter earnings call, according to Bitcoin Treasuries on X. It was the first time in more than 165 days that STRC had reached that level, leaving it just $0.05 below its $100 face value. The move may draw attention to demand for Strategy’s preferred shares, but the report does not indicate a direct change in Bitcoin prices or trading activity.

Bitwise has warned that its Bitwise Hyperliquid ETF (BHYP) may not suit all investors and could be highly volatile, potentially causing investors to lose some or all of their money. The Bitwise Hyperliquid ETF is not registered under the US Investment Company Act of 1940, so it does not receive the same protections as registered mutual funds or ETFs. Bitwise also stresses that buying BHYP is not the same as directly investing in Hyperliquid’s HYPE token. Investors are advised to review the fund’s prospectus before investing.

Sui has updated its pinned fastcrypto dependency to revision 0a26327. The change makes secp256r1 signature recovery stricter: `recover_with_hash` now rejects cases where r + n is not below the curve’s prime, rather than allowing the value to wrap. The previous behavior remains available as `recover_with_hash_legacy`, and the Sui native function continues using that legacy path across versions latest and v0–v3 to preserve execution behavior. A separate protocol flag enables the strict path. The update also removes unused code and adjusts several dependencies. For SUI traders, this is a cryptography and protocol-maintenance update, not a direct change to token economics or market supply.

Axis Robotics said its team and investors did not sell AXIS tokens during the sharp sell-off on 28–29 October. The company said 83.5% of the total supply, including team and investor allocations, remains locked in vesting contracts co-managed with Binance. Axis Robotics said the sold tokens came from the initial circulating supply allocated to the ecosystem. These tokens had been delivered through a single over-the-counter (OTC) counterparty, with a written agreement requiring a lock-up. The project said the tokens were routed through exchange deposit channels and sold from hundreds of newly created addresses within hours, suggesting the OTC counterparty may have breached the agreement. Axis Robotics has suspended further work with the counterparty and is reviewing the contract with legal counsel. The statement followed an earlier disclosure by on-chain investigator ZachXBT that alleged insider-linked AXIS selling had contributed to a roughly 40% price drop. The source of the sales remains under review.

Pi Network will hold its first online Ecosystem Summit from November 17–19, bringing together its Core Team, developers and application operators. The programme is expected to include platform updates, developer demonstrations, dApp showcases and details of a new hackathon. Registration, prizes and the full agenda have not yet been announced. The later report adds confirmed Pi Desktop version 0.6.4, which simplifies remote access to SoloHost applications, and a partnership with Open Standard that could support OUSD-based rewards and other ecosystem uses. Claims that protocol v28 will enable smart contracts and public dApps remain unconfirmed. A possible integration with Axis Robotics is also unconfirmed. Pi Network has reported more than 60 million engaged Pioneers, over 300 Mainnet applications, more than 420,000 nodes and 18.1 million KYC-verified users. However, consistent figures for active app users, merchant sales and payment volumes are lacking, making real-world adoption difficult to assess. No Mainnet launch date or specific link between OUSD use and demand for PI has been announced, and the summit announcement includes no new exchange listings or liquidity plans. PI was reported near $0.0787 on October 22, down about 13.9% over the previous month. A later update said PI had risen 3% in 24 hours to nearly $0.08 despite a broader market pullback. Traders cited support around $0.074–$0.078 and resistance near $0.082, with $0.090–$0.092 as a possible area of interest if price breaks higher. These are technical observations, not confirmed forecasts. The summit may improve sentiment, but a lasting effect on PI will depend on whether ecosystem announcements lead to measurable adoption.

Bitcoin climbed to $81,547 after stronger-than-expected US economic growth supported prices, despite a sell-off in tech stocks following Alphabet’s earnings miss. Bitcoin was trading above $81,000 after dipping to $79,607. US third-quarter GDP growth was revised to 3.4%, beating the 3.2% forecast. September PCE inflation rose 3.6% year over year, in line with expectations. The Federal Reserve held interest rates at 3.75%–4% and described economic activity as strong, while noting that inflation remained elevated. For traders, the immediate technical level to watch is $81,400. Analyst Rekt Capital said Bitcoin needs to close the week above that level to strengthen its near-term price outlook. Despite the rebound, resistance and broader market volatility remain risks.

Tokenized stocks reached an estimated $3.5 billion to $3.8 billion in late October 2026, with about 3.77 million to 5.3 million holders. A later estimate classifies 86.5% of the market as collateralized tokens, 6.5% as issuer-sponsored shares and the remainder as synthetic products. This differs from an earlier October estimate, which put issuer-sponsored products at 10.7% and synthetic tokens at 89.3%, underscoring how figures can vary by date and classification. Most tokenized stocks are backed by shares held by custodians rather than registered directly to token holders, so ownership, voting and dividend rights can differ. Custody is highly concentrated: Alpaca reportedly holds the underlying shares for about 83.5% of the market. Ondo, Binance bStocks, xStocks and Robinhood offer products, often targeting non-US users with fractional access and 24/7 trading. Securitize added more than $250 million to tokenized stock market value in the 30 days leading to late September and launched 1:1-backed Convertible Entitlement Tokens on Solana on October 8. Superstate is also developing direct-issuance programs. However, only an estimated 2% to 7% of tokenized stock supply is used in lending or DeFi, with limited liquidity and volatility restricting broader adoption. For traders, tokenized stocks offer new routes to equity exposure, but custody concentration, legal rights and liquidity remain important risks; clearer regulation and deeper markets could support future DeFi use.

Alpaca, a California-based self-clearing broker-dealer, holds the underlying shares for 83.5% of the tokenized stock market by market capitalization, according to Token Terminal data for October 2026. Alpaca reported a higher share of about 94% of tokenized US stocks and ETFs in July, backed by more than $1.5 billion in real shares. The firm provides custody, settlement, token minting and redemption, and corporate-action processing for more than 10 issuers and platforms, including Ondo, xStocks, Binance, Robinhood and Coinbase. Its Instant Tokenization Network builds on Alpaca’s in-house brokerage and clearing operations. The company raised $135 million in July, bringing its total funding to $435 million. Alpaca’s role offers tokenized-equity platforms a link to real shares held by a regulated broker-dealer, but also creates concentration risk: an outage or compliance issue could affect products across multiple venues. The difference between the 83.5% and 94% estimates may reflect differing methods, dates or market share. Traders should monitor custodian diversification and regulatory developments alongside growth in tokenized stocks.

Elon Musk showed interest in investor Stanley Druckenmiller’s post about backing a US venue for Hyperliquid-native perpetual futures. The initiative, involving trade[XYZ], would bring crypto and other asset derivatives to the US market, but it depends on approval from the Commodity Futures Trading Commission (CFTC). Hyperliquid’s HYPE token reportedly rose 9% to 13% after the news, signalling a positive immediate market response. Traders will be watching for regulatory updates and further comments from Musk or Druckenmiller. The proposal could increase institutional attention on Hyperliquid and decentralised derivatives, although its launch remains uncertain until CFTC approval.

Polygon has extended its stablecoin payment infrastructure to Solana, enabling businesses to connect bank accounts, crypto wallets and payouts on the network. The expansion adds a real-world payment use case for Solana, but Polygon has not disclosed launch partners, fees or transaction volumes, leaving demand uncertain. The news comes as SOL trades near $102, about 60% below its all-time high. SOL is down roughly 14% over the past month and 5% over the past week. Technically, it sits between the 50-day moving average near $105 and the 200-day average around $98. A close above resistance near $106 could open a path towards $113; support is around $97.45, with a further chart level near $77.84 if that floor breaks. Momentum indicators remain weak: the RSI is 39, while the MACD is below its signal line. The payment integration may support Solana’s longer-term utility, but traders have yet to respond with clear buying. The near-term outlook remains cautious until SOL breaks above resistance or loses support.

Chainlink (LINK) has recorded net outflows from Binance for 18 consecutive days, with about 280,200 LINK withdrawn. The trend could reduce readily available exchange supply, but it does not prove that investors are accumulating. Some withdrawals may also reverse an earlier deposit of roughly 8.7 million LINK. LINK traded near $11.92 and remains down about 23% over the past month. Its price is below the 50-day moving average near $12.22 but above the 200-day average around $11.01. RSI at 45 is neutral, while MACD remains below its signal line, indicating that sellers still have momentum. Key levels are support near $11.20 and resistance in the $12.10–$12.30 band. A sustained move above the 50-day average, followed by a break above $12.71, would offer stronger price confirmation for the Binance outflows and could put $13.60 in view. A breakdown below support and the 200-day average could expose the next floor near $9.75. For now, LINK’s exchange withdrawals are a potentially constructive supply signal, not a confirmed bottom.

Bitcoin fell 1.5% as US stock futures and other risk assets weakened after personal consumption expenditures (PCE) inflation came in high but in line with expectations. The S&P 500 was down more than 0.5%, while gold and silver also declined. Bitcoin is trading within a descending channel, although it has so far held up relatively well compared with other markets. The article identifies $79,500 as near-term support, a level where Bitcoin has recently bounced. The 50-day simple moving average sits overhead as resistance. A break above it could help revive the rally. On the weekly chart, the article describes a possible bull-flag pattern that could point to a move towards $90,000 if it breaks higher, though the pattern may be invalidated if the price has fallen too far within it. For now, Bitcoin’s direction depends on whether support holds and broader markets recover.

OPEC+ is expected to keep December oil production targets unchanged at a November 1 meeting, according to three sources cited by Reuters. The seven key producers—Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman—are unlikely to change their ceilings before 2027, though no final decision has been made. Brent crude traded near $113.77 a barrel on October 29, while US West Texas Intermediate was around $100.78. Despite earlier quota increases, Iran conflict-related disruptions have left some Gulf producers unable to reach their targets. The core group produced about 25 million barrels per day in August, roughly five million barrels below February levels. Renewed US-Iran diplomatic contacts eased prices, but shipping risks around the Strait of Hormuz and reports of tanker incidents continue to support a geopolitical premium. OPEC+ also faces a production-capacity review that will help set members’ 2027 baselines. For oil traders, the key issue is whether physical supply can recover; higher quotas alone may not bring additional barrels to market.

Hyperliquid Strategies (Nasdaq: PURR), a company with a HYPE treasury, rose 16.45% after the US stock market opened, reaching $11.61. The move followed news that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is partnering with Trade.xyz to plan a US-focused perpetual futures market built on Hyperliquid. The announcement may bolster attention on Hyperliquid and its HYPE token, though the report does not provide details on the project’s timeline or launch plans.

Ripple CEO Brad Garlinghouse said the company “will never give up on XRP” at Swell 2026, but the token’s price and Ripple’s growing business show a widening gap. XRP trades at $1.29, down 30% this year and 64.6% below its July 2025 record. Ripple reported a $50 billion valuation, a $900 million annual revenue run rate and rapid growth in its RLUSD stablecoin, which is used in several recent institutional deals. Those partnerships may bring some activity to the XRP Ledger, but transaction fees burn only small amounts of XRP. Since January, about 153,989 XRP has been burned, compared with Ripple’s monthly escrow release of 1 billion tokens. Potentially stronger demand could come from institutional custody, collateral use and proposed lending upgrades, though adoption figures and activation dates remain unclear. XRP is also below its 200-week and 50-week EMAs. Traders are watching $1.2468 as support; a weekly close below it could expose the $0.9862 level. A move above $1.3715 would be an initial sign of improving momentum. Whether Ripple’s new deals benefit XRP directly remains uncertain.