Crypto News

Ethereum is trading near $2,325 after losing about 12%–14% over the past month, with traders watching the Federal Reserve’s October 28 decision for clues on interest rates. QCP Capital identifies $2,150 as the next major support and $2,500 as resistance. A fall below $2,280 could increase downside risk. Institutional demand has weakened: Ethereum ETFs recorded a fourth consecutive week of outflows, losing about $220.7 million in the latest period. October withdrawals had exceeded $1 billion, while ETH also underperformed Bitcoin, with the ETH/BTC ratio near 0.029. The Fed is widely expected to hold rates at 3.75%–4.00%, but guidance on future policy could move risk assets. Reclaiming $2,362, then $2,400, could bring the $2,450–$2,500 resistance zone into view. For now, ETF outflows and weak technical momentum leave Ethereum vulnerable to further losses.

Cardano (ADA) rebounded nearly 3% from a recent low, rising from about $0.2005 on October 26 to a close near $0.2066, but it later gave back some gains. ADA remained below the $0.22 level, with resistance at $0.2085–$0.2127 and a broader hurdle near $0.223. The rebound has not reversed Cardano’s wider downtrend after its fall from an early October high near $0.28. Traders are watching the Federal Reserve’s October 28 policy decision and comments for clues about interest rates. A hawkish outlook could weigh on speculative assets, while softer guidance may support crypto demand. On the chart, a sustained move above $0.22 could put $0.223 and $0.24 in focus. A drop below $0.20 could expose support near $0.193; analyst Ali Martinez has cited $0.17 as a possible deeper downside target if selling intensifies. A proposed 22 million ADA treasury allocation for tokenized physical copper remains subject to governance approval. Grayscale’s withdrawal of its Cardano ETF registration in August is also part of the market backdrop, but neither development is established as the cause of ADA’s recent decline.

An article says Anthropic’s Claude AI produced a highly speculative Chainlink (LINK) forecast based on a fictional catalyst, not a confirmed announcement. In its scenario, G20 central banks launch “Project Meridian,” a cross-border settlement pilot that selects Chainlink’s CCIP, while institutional buyers create a shortage of LINK. The article explicitly says the scenario is wildly improbable and unlikely in the next three months. It imagines LINK reaching $420 by 1 January 2027—about 30 times the stated current price, with a market capitalisation near $300 billion. The article also says LINK is roughly 78% below its $52.70 all-time high. The forecast is not evidence of an actual partnership, institutional accumulation or supply shortage; traders should treat it as a hypothetical, not a market catalyst.

LBank has launched a Halloween Trading Carnival with a 145,000 USDT reward pool, running through November 18, 2026. The campaign offers eligible users futures bonuses and position vouchers for meeting trading-volume milestones, inviting communities to participate, and following LBank’s channels. Rewards include bonuses of up to 100 USDT, plus BTC and ETH futures vouchers. Eligible users can also access USDT Locked Earn and Flexible Earn products with promotional APRs of up to 200%, subject to campaign terms. The LBank Halloween campaign is part of the exchange’s wider 11th-anniversary promotions. The offer may encourage platform activity, but it does not indicate a change in the fundamentals or market outlook for BTC, ETH, or the wider crypto market.

Indian AI startup Simplismart has raised $14 million in a funding round led by Dallas Venture Capital, with Nvidia, Accel, Shastra VC and Micromax also participating. The deal values Simplismart at about $100 million, including the new capital. Founded in Bengaluru in 2022, Simplismart develops software that optimises AI inference—the process of running trained models in production. Its platform manages and deploys large language, vision and speech models, helping businesses use computing resources more efficiently and, in some cases, run workloads on fewer or lower-cost GPUs. The company says it serves dozens of enterprise customers, including Tata 1mg and InVideo. The investment extends an existing relationship: Simplismart joined Nvidia’s Inception startup programme and has worked with the chipmaker on inference microservices. For Nvidia, backing an AI efficiency company may support wider adoption of AI workloads, even as better utilisation can reduce the number of GPUs needed for some deployments. The funding also reflects growing demand for software that can lower AI infrastructure costs.

Teradyne reported a 95.3% year-over-year jump in first-half 2026 revenue, beating consensus, with growth supported by new products and wins among hyperscaler customers. Semiconductor Test remains its main growth engine; the article forecasts the segment will grow at an annual rate of 46.3% through 2030, partly due to dual-vendor adoption. Teradyne shares had climbed about 110% before a 22.56% pullback. Khaveen Investments estimates 21.76% further upside, but cautions that much of the optimistic outlook may already be reflected in the valuation. The analysis is a stock-market assessment, not a cryptocurrency-specific development.

Microsoft Research says its Magnetar system can generate proofs of ordinary program execution faster, potentially reducing a key cost of zero-knowledge computing. Magnetar supports programs compiled from Rust, Go and C. Across the researchers’ benchmarks, it was 10 to 39 times faster on average than certain comparable proving systems, with verification taking about 12 milliseconds. Magnetar relies on standard hash functions, which are intended to reduce dependence on cryptography that could be vulnerable to future quantum attacks. For blockchains, faster and cheaper zero-knowledge proofs could support verifiable offchain computation and more complex applications. However, the reported gains may not carry over directly to production rollups or every smart-contract workload. Integration, hardware and proof size remain important factors. The research could also enable institutions and AI agents to verify that software followed instructions without revealing private data.

Trade.xyz has launched NIFTY 50 perpetual futures on Hyperliquid, giving traders exposure to India’s benchmark stock index with up to 20x leverage. The NIFTY 50 perpetual contract trades 24/7, including when Indian stock exchanges are closed, and has no fixed expiry. It references the index’s level in Indian rupees, while profits and losses are settled in USDC without converting the index price into another currency. Traders do not own the underlying shares, and leverage can magnify losses or trigger liquidation. The launch expands Trade.xyz’s equity derivatives offering. The platform recorded $202.36 billion in trading volume in Q2 2026, including $58.9 billion in equity perpetuals, according to figures cited in the article. The round-the-clock market also carries pricing risks when the underlying cash market is closed.

MSX announced that it will list a tokenised contract for Visa (V) shares on 27 October 2026 (UTC+8). The announcement did not provide further details on contract terms, trading pairs or availability. The MSX Visa stock token contract gives traders access to a tokenised product linked to Visa shares; its listing alone does not indicate a change in Visa’s business or the broader cryptocurrency market.

CertiK and Gate’s security teams outlined how institutions can protect crypto assets through layered controls, including multisignature wallets, multi-party computation (MPC), role-based permissions, transaction approvals and post-transaction monitoring. They warned that major risks often arise not from broken cryptography, but from compromised tools, excessive or outdated access, human error and weak approval processes. A 2025 Safe wallet frontend attack showed that multiple valid signatures may still authorize a malicious transaction if signers cannot verify what they are actually approving. Gate said most of its own assets are held in offline multisignature cold wallets, while its Gate Vault uses MPC with a 2-of-3 signing structure and a 48-hour withdrawal delay. The delay gives users time to freeze suspicious transfers. The teams also advised institutions to separate duties, restrict API permissions, verify counterparties and test recovery procedures. Gate reported total reserves of $8.688 billion and an overall reserve ratio of 118.49%. Its disclosed Bitcoin reserves were 25,727 BTC, with a 121.60% reserve ratio; Ethereum reserves were 449,042 ETH, with a 123.78% ratio. The discussion emphasized that proof of reserves, audits, bug bounty programmes and valid licences can support due diligence, but do not alone guarantee safety. For traders, the article offers security and operational guidance rather than a direct market catalyst.

XRP advertisements have appeared on New York subway trains and in stations around 42nd Street as Ripple’s Swell 2026 conference begins in Manhattan. The displays feature XRP logos, American flags and the message “Crypto Responsibly.” The campaign’s organizer, cost and duration have not been disclosed, so it is unclear whether Ripple commissioned the ads. The conference runs from October 27 to 29 and expects more than 1,500 attendees, over 100 speakers and more than 80 sessions. Confirmed participants include executives from CME Group, BNY, Robinhood and Intercontinental Exchange. Topics include institutional XRP ETFs, tokenized securities, stablecoins, custody and blockchain infrastructure. Conference participation does not, by itself, signal an investment or commercial partnership. The subway campaign adds public visibility for XRP during a week of developer and institutional events, but visibility alone does not establish new demand. XRP has recently faced market pressure below $1.40, and the article does not identify a direct trading catalyst from the advertising campaign.

Markets see an 84.4% chance that the Bank of Canada will raise its policy rate by 25 basis points at its October 28 announcement, as oil prices reach $115 a barrel and inflation concerns grow. Canada’s policy rate is currently 2.25%, while inflation has risen to 3.1%, largely because of higher gasoline prices. A 50-basis-point increase remains a possibility. Governor Tiff Macklem has said the central bank is prepared to raise rates if needed. Traders will watch core inflation, oil prices and central bank guidance for clues about the decision. The Bank of Canada rate hike outlook could also matter to crypto traders: higher rates may weigh on risk appetite, although the decision’s direct effect on digital assets is likely limited.

A community-maintained directory lists 425 businesses in Los Angeles County that reportedly accept Bitcoin, spanning cafés, restaurants, bars, grocery shops and wellness services. The article highlights Café de Leche, including its Cal State Los Angeles location, where a source says the shop handles about 15 Bitcoin purchases a week. It also features Highland Park’s Modu Café, which reportedly accepts Bitcoin through a Square terminal. The directory is sourced from BTC Map and may contain outdated listings, so customers should confirm payment options before visiting. The report illustrates growing visibility for Bitcoin payments at local businesses, but does not indicate a major change in Bitcoin’s price or broader adoption.

Polymarket’s STRC price markets show sharply different odds across reporting snapshots. An earlier update put the chance of STRC reaching $100 by 31 October at 87%, up 18 percentage points in 24 hours, and the chance by 31 December at 92%, up 6 points. A later update from PPP’s prediction-market monitor put the probability of STRC reaching $100 during the remainder of October at 13%, up 9 points in 24 hours. The October figures conflict, so they should not be read as a clear, continuous shift without further information on the market contracts or reporting times. Under the stated rules, a “Yes” outcome requires a one-minute TradingView candle to record a high of at least $100 before the deadline; if TradingView data is unavailable, settlement may use data from The Wall Street Journal, Google Finance and MarketWatch. These prediction-market odds reflect trader expectations for STRC, not a confirmed price move or a direct signal for the wider crypto market.

Tokenized stock holders surged from 502,000 in June to about 5.3 million in October 2026, accounting for 83% of all real-world asset (RWA) holders, according to CryptoRank. Overall tokenized asset holders grew from 1.4 million to 6.4 million over the period. Tokenized stock adoption accelerated, while tokenized fund holders edged up to 573,000 and commodity holders rose to 523,000. Robinhood and Binance bStocks led issuers with roughly 1.5 million holder addresses each; xStocks had about 1 million. BNB Chain ranked first among blockchains with 2.1 million addresses, followed by Solana with 1.6 million and Robinhood Chain with 1.5 million. Despite the rapid growth in tokenized stock holders, institutional products such as tokenized Treasury funds and private credit still account for a significant share of asset value.

The SEC has named tokenization a “high-risk” examination priority for fiscal 2027, putting it under scrutiny at systemically important clearing agencies and in reviews of securities-market technology. The regulator did not explain the designation. Earlier SEC guidance has highlighted possible legal, counterparty and operational risks, including uncertainty over ownership rights and mismatches between on-chain and off-chain records. At the same time, Malaysia’s and Thailand’s central banks joined the Monetary Authority of Singapore’s BLOOM initiative. The public-private project will develop common approaches for cross-border digital money, focusing on acceptance and settlement, interoperability and programmable safeguards such as identity checks and sanctions screening. HSBC launched RedCoin, a Hong Kong dollar stablecoin licensed by the Hong Kong Monetary Authority, through its PayMe app. More than 3.3 million PayMe users can activate wallets and make peer-to-peer payments, with merchant payments available at over 100,000 locations. HSBC says it plans to expand RedCoin to corporate and institutional uses and add tokenized investment products. Together, the announcements show tokenization moving further into regulated financial infrastructure and consumer payments, while oversight and cross-border coordination develop alongside adoption.

Bitcoin may be nearing a local bottom as the number of non-empty wallets has fallen by 30,000 since October 16, to nearly 59.95 million, according to Santiment. The decline may point to retail-holder capitulation, but it is not a confirmed reversal signal. Bitcoin is struggling to regain momentum near $80,000. Analysts cited in the report say holding that level and reclaiming about $82,500 would strengthen the case for a local bottom; a fall below $79,000 would weaken it. Doctor Profit views the downturn as a correction and identifies $80,000–$81,500 as a possible support zone. Longer-term holders appear less inclined to sell, while short-term holders continue to exit. Signals from buyers are mixed. US spot Bitcoin ETFs recorded $110.34 million in inflows on Monday, but October flows remained negative, with more than $200 million in net outflows. Strategy did not add Bitcoin, while Strive bought 6,182 BTC for $511.4 million, bringing its holdings to about 43,000 BTC. The Smarter Web Company added 20 BTC, taking its treasury to 2,850 BTC. Downside risks remain: Ali Martinez noted that Bitcoin fell in Q4 of the last three US midterm election years. Wallet data and accumulation may support a recovery, but Bitcoin’s price action and ETF flows remain key indicators to watch.

SwapGlobal has secured undisclosed funding from Dutch investor Marcel Boekhoorn, W Group founder Volodymyr Nosov and Amsterdam-based Kenzoll Capital. The U.S. OTC derivatives provider will use the investment to increase trading and working capital as it prepares to support more institutional contracts linked to pre-IPO shares, foreign equities, computing capacity and digital assets. SwapGlobal says its derivatives let eligible institutions gain market exposure without directly buying or custodying the underlying assets. Client collateral is held with qualified custodians, while the company manages and hedges positions through crypto trading platforms. Its immediate priority is preparing its first pre-IPO share transactions. The company also appointed former Flow Traders and One Trading executive Fedja Terzic as Chief Risk Officer. The investment follows a Kenzoll partnership that brought a digital-asset market-making team and technology into SwapGlobal’s trading operation. The funding amount was not disclosed. The backing and risk-management hire could help SwapGlobal expand its institutional OTC derivatives capacity, but the announcement does not identify a specific cryptocurrency or disclose a direct effect on token markets.

Gate gStocks, Gate’s tokenized stock trading service, has surpassed $8.4 billion in cumulative trading volume. Trading over the past 30 days exceeded $2.2 billion, and the platform has nearly 30,000 users. Gate gStocks lists 78 assets across sectors including AI chips, storage technology, electric vehicles and commercial space. SNDKG has topped $300 million in cumulative volume, while MUG, SPCXG, TSLAG and SKHYG have each exceeded $200 million. TSLAG and NVDAG each have more than 10,000 traders. The figures point to increased activity in tokenized equities, but the report does not establish a direct effect on cryptocurrency prices.

Marinade says Agave 4.3.2 nodes running Alpenglow skip about half of the slots during the first block window of each epoch. A fix has been merged into the code but has not yet been released. Until an updated version is available, Marinade’s Protected Staking Rewards (PSR) will not deduct validator bonds for the affected slots, and its Stake Auction Marketplace (SAM) will not count them as uptime failures. Marinade says validators should not be held responsible for a client software defect.

Cypherpunk Technologies has launched a Zcash mining operation after acquiring a mining fleet in a $33.33 million equity-based deal involving Winklevoss-affiliated entities. The company says the fleet produces about 4.2 GSol/s, equal to roughly 18% of Zcash network hashrate, and it aims to reach about 20% by late October 2026. The Zcash miner already holds 323,394 ZEC, or about 1.92% of circulating supply. It aims to accumulate 5% of ZEC supply, using mining rewards to grow its holdings and fund privacy-technology investments. The acquisition included a pre-funded warrant for about 43.3 million CYPH shares rather than a large cash payment. Kevin Zhang joined as Head of Mining. The expansion gives Cypherpunk a way to add ZEC through both purchases and block rewards. However, its growing share of Zcash hashrate raises concerns about mining concentration. Traders may watch progress towards the 20% hashrate target, ZEC accumulation and the use of mining proceeds.

CoreWeave has brought most of a planned 22.5 MW deployment online at the atNorth DEN01 data center in Copenhagen, marking its first operational site in Denmark. The facility uses NVIDIA Blackwell systems and Quantum-X800 InfiniBand networking, and will reuse excess heat in Copenhagen’s district heating network. The launch brings CoreWeave’s European footprint to nine data centers across five countries. Separately, the company plans to add Global AI Network points of presence in the UAE, India, Indonesia, Singapore, Australia, South Korea and Japan. The rollout is expected to begin in late Q4 2026 and finish by mid-2027, linking more than 51 active data centers with over 1.5 GW of capacity. CoreWeave, listed on Nasdaq as CRWV, says it serves nine of the top ten foundation model providers. The company began as an Ethereum mining operation before shifting its GPU resources to cloud computing. The expansion highlights growing investment in AI infrastructure, while the remaining Copenhagen capacity and the schedule for new network locations remain important milestones to watch.

Opposition to data centers is gaining political traction across the United States, with concerns over electricity demand, water use, consumer costs, noise and local control. Politicians from both parties, including Texas Governor Greg Abbott, Pennsylvania Governor Josh Shapiro and Virginia Governor Abigail Spanberger, have addressed the issue. US data center grid demand reached 64.4 gigawatts in 2025, up 25% from 2024. Public and political resistance has delayed or blocked projects, and some states are discussing possible development moratoriums. Prediction-market contracts cited in the article put the probability of Louisiana enacting a data center moratorium by January 1, 2029, at 38.5%; the comparable Oklahoma contract stood at 33.5%. These markets are speculative indicators, not confirmation of legislative action. For crypto traders, the issue is an indirect signal: tighter limits on data center growth could affect energy competition and infrastructure planning relevant to mining and AI-related demand, but the article reports no direct impact on cryptocurrency prices.

PIMCO investment leaders Mohit Mittal and Sonali Pier say the AI infrastructure boom is creating substantial financing needs across data centres, chip financing and energy infrastructure. The capital could be raised through investment-grade and high-yield bonds, structured products and direct lending. For investors assessing AI-related credit, the key question is not only whether AI will transform the economy, but whether it will do so quickly enough to justify the pace of investment. PIMCO says it is focused on opportunities backed by resilient cash flows, highlighting the risks of financing a rapid build-out before returns are established. The comments point to a broadening role for credit markets in funding AI infrastructure, alongside the need for careful underwriting.

Ripple and South Korean securities firm Meritz Securities have agreed to explore digital asset custody and tokenisation infrastructure for regulated capital markets. The partnership, Ripple’s first with a Korean securities firm, will assess Ripple Custody within Meritz’s existing regulatory permissions. Any broader rollout will depend on South Korea’s evolving rules; no commercial launch or implementation timeline has been announced. Meritz is considering potential services including spot ETFs, fractional investing, security tokens and won-linked stablecoins. These remain possible business areas, not products launched under the agreement. Ripple has also worked with South Korean firms on tokenised government-bond settlement, digital wallets and cross-border payments. For crypto traders, the Ripple-Meritz agreement is an infrastructure development rather than a direct source of XRP demand. Meritz and its customers are not required to buy XRP, and the partnership’s effect on XRP’s price is uncertain. Commercial impact will depend on whether the companies move beyond exploration and introduce services under South Korea’s regulatory framework.

BOB will stop supporting oUSDT on the BOB network on 31 October 2026. The project urges users holding oUSDT to bridge their tokens off the network before the deadline. The notice does not specify what will happen to tokens left on BOB after support ends, so holders should check official guidance and complete any transfers in time.

On-chain analyst Willy Woo shared 10,000 simulated Bitcoin price paths based on past market behavior and declining returns across cycles. The median path places Bitcoin’s next cycle peak at $413,000 in December 2028, while Woo said the 28th-to-50th percentile range—about $241,000 to $413,000—is more reasonable and stressed that the simulation is not his price prediction. The model also projects a possible bear-market low around April 2030, followed by another peak in 2033. Its wide range of outcomes highlights uncertainty: by 2033, the 90th-percentile path reaches $5.8 million, compared with $176,000 in the 10th-percentile path. Bitcoin was trading at $79,770, below its 50-day EMA of $80,765 and 36.7% beneath its October 2025 record. Traders are watching support at $79,221 ahead of the Federal Reserve decision. A daily close above $81,480 could open a move toward $82,850; a break below support could put the 200-day EMA near $76,382 in focus. The simulation relies on historical patterns and does not account for changing ETF and corporate demand, interest rates, regulation, or other market risks. Its projections are scenarios, not guaranteed Bitcoin targets.

Broadcom (AVGO) is rated a buy in an analysis arguing that the market has already priced in a possible collapse of OpenAI’s business relationship with the chipmaker. The article says AI now accounts for more than 50% of Broadcom’s revenue, driven by custom accelerators and networking products supplied to hyperscalers including Google, Anthropic and OpenAI. The analysis tests severe downside cases, including losing OpenAI or a 50% reduction in Anthropic orders. It estimates Broadcom could still produce robust earnings, with 2028 price-to-earnings multiples of 11x to 19x under those scenarios. However, selling complete systems can increase revenue while weighing on gross margins. Investors are advised to watch operating-margin stability and Broadcom’s growing role as a lender to AI customers. For traders, the key themes are AI semiconductor demand, customer concentration, margins and financing exposure. The article presents potential upside if major customer risks do not materialize, while highlighting the risks if AI orders weaken.

Solana’s Alpenglow consensus upgrade went live on mainnet on October 21, 2026, starting at slot 459,653,000. The upgrade replaces TowerBFT with the Votor voting system and targets block finality of about 150 milliseconds. An independent measurement on October 23 found median finality of 404 milliseconds, down from a previous benchmark of roughly seven seconds. This is a substantial improvement, although it remains slower than the target and does not guarantee the same wait time for users. Alpenglow changes consensus finality, not the full time required for a payment to be processed. Wallets, RPC providers, exchanges and merchants may add their own checks or confirmation delays. User transaction formats and fees are unchanged. Validator votes are no longer included in ordinary block transaction counts, so reported TPS may fall without a corresponding decline in user activity. Validators must use compatible software and now pay a 0.8 SOL admission fee per epoch from their vote accounts. Data providers and developers processing block streams also need to adapt to competing block candidates and updated certificate data. Rotor, a separate planned block-distribution component, is not yet live and has no activation date. For SOL traders, Alpenglow is a significant infrastructure upgrade that could improve the experience for users and developers if its performance proves reliable under real network conditions. Its market impact will depend on sustained results and whether apps and exchanges pass faster finality on to users.