Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Crypto investigator ZachXBT has uncovered a fake Hyperliquid app on the Google Play Store that mimics the official wallet interface to steal seed phrases and drain funds. This fake Hyperliquid app is linked to wallet address 0x8c12C21C394D9174c3b1a086A97d2C5523ABb8F5. Researchers at Cyble Intelligence Labs have identified over 20 malicious crypto apps on Google Play Store impersonating popular wallets and exchanges like SushiSwap and PancakeSwap. These phishing scams request 12-word recovery phrases and excessive permissions. Traders should verify app legitimacy via developer information and user reviews, download apps only from Hyperliquid’s official site or hardware wallets, enable two-factor authentication, reset passwords if affected, and report scams to Google. This incident underscores the need for robust crypto security, highlighting Google Play Store vulnerabilities and the importance of proactive app screening to protect digital assets.

October 2023 saw a major Balancer exploit that drained $120 million from its Composable Stable Pools. Attackers exploited a precision flaw in swap logic. By executing repeated small swaps, they built rounding errors that let amountOut exceed amountIn. This DeFi vulnerability drove USDC and USDT off-peg by up to 10%, triggering forced liquidations on lending platforms Euler and Morpho, adding about $50 million in sector losses. Weekly transaction volume on Balancer pools plunged by 70%. In response, Balancer paused affected CSPv6 pools, disabled factories, and launched a 20% recovery bounty for white hats. The team also coordinated with security partners to recover roughly $21 million in OS tokens. The incident underscores the need for stronger audits, multi-signature approvals, and robust smart contract tests under low-liquidity conditions. Traders should monitor stablecoin spreads and DeFi liquidity risks as markets digest the impact of the Balancer exploit.

After October’s 20% crash wiped out $20 billion in leveraged positions, long-term holders and whales sold over 405,000 BTC, intensifying volatility. Yet Bitcoin ETF outflows remained modest at under $1 billion. On Thursday, institutional investors poured $240 million into Bitcoin ETFs, ending a six-day outflow streak. This rebound in Bitcoin ETF inflows highlights growing market maturity and draws “slow money” from registered investment advisors, pensions and 401(k) plans. A Charles Schwab survey shows nearly half of ETF investors plan to increase crypto ETF exposure. Analysts say regulated Bitcoin ETF inflows can dampen market swings and reinforce Bitcoin’s role as a store of value. Traders should watch future ETF flows as a gauge of institutional demand and market stability.

Japan’s Financial Services Agency (FSA) will reclassify crypto lending and IEOs under the Financial Instruments and Exchange Act from 2026. Under the new Japan crypto regulations, all crypto lending platforms must register as exchanges, implement cold wallet custody, segregate customer funds, and disclose price and credit risks. Staking services and sub-lenders face mandatory risk management. For IEOs, investment caps limit individual subscriptions to ¥500,000 or 5% of an issuer’s revenue (up to ¥2 million); larger raises require audited financials and revenue-based caps. Traders should watch for detailed guidance, as tighter oversight may reshape lending protocols and token offerings while enhancing market stability.

JPMorgan issues a new Bitcoin price forecast, targeting $170,000 within six to 12 months. This Bitcoin price forecast reflects a volatility-adjusted model that treats Bitcoin as digital gold. It compares Bitcoin’s $2.1 trillion market cap with $6.2 trillion in private gold holdings. The model implies a 67% upside to reach a fair value near $68,000. October saw record futures liquidations, but JPMorgan notes that leverage unwinding has largely finished, stabilizing markets. Pro-crypto policy signals and easing Fed tightening bolster risk assets. However, Galaxy Digital cut its 2025 forecast to $120,000, highlighting structural risks. Traders should monitor liquidity trends and regulatory clarity to gauge Bitcoin’s momentum.

ASIC Chair Joe Longo has warned that Australia risks ceding market share if it does not accelerate asset tokenization. He noted over $35.8 billion in real-world assets—led by private credit and U.S. Treasury debt—are already on-chain, and global platforms have issued more than $3.1 billion in tokenized bonds since 2021. Major institutions like J.P. Morgan intend to fully tokenize money market funds within two years. To support tokenization, ASIC will relaunch its innovation hub, explore an Enhanced Regulatory Sandbox and collaborate with government on reform. Pilots such as Project Acacia and Singapore’s Project Guardian remain limited without clear rules. Firms issuing wrapped tokens, stablecoins and tokenized securities must secure licences by June 2026. Longo stressed that modernized regulation will reduce friction, safeguard investors and unlock efficiency gains from instant settlement and fractional ownership in Australia’s digital asset markets.

Ripple has ruled out any immediate Ripple IPO after closing a $500 million funding round that valued the company at $40 billion. Led by Fortress Investment Group and Citadel Securities, with participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, this is Ripple’s largest capital injection in six years. At its annual Swell conference, President Monica Long said the funding will fully support product scaling, payment technologies, ecosystem growth, acquisitions, and blockchain innovation via the XRP Ledger without the need for a public listing. She reiterated that there is no planned IPO timeline, distinguishing Ripple from peers like Circle, Bullish, and Gemini exploring public listings in 2025. Ripple’s customer base has doubled quarter-over-quarter, driven by stablecoin payments and improving U.S. regulatory clarity. By deferring an IPO, Ripple maintains robust liquidity, avoids equity dilution, and keeps Ripple IPO on hold while funding long-term adoption.

Circle has submitted recommendations to the U.S. Treasury on implementing the GENIUS Act. It urges uniform stablecoin regulation for banks, nonbanks and both domestic and foreign issuers. Payment stablecoins must be fully backed by cash and high-quality liquid assets. These reserves should be segregated from corporate funds and redeemable on demand. Circle also calls for transparent monthly audits, public reporting and clear enforcement penalties. It requests safe-harbor for good-faith compliance and warns against regulatory shortcuts and offshore arbitrage. Signed in July by President Trump, the GENIUS Act establishes a federal framework that takes effect 18 months after enactment or within 120 days following rule approval. A separate market structure bill remains stalled in the Senate amid a government shutdown. This stablecoin regulation framework aims to strengthen market integrity, boost consumer protection and level the playing field.

Bitnomial, a Chicago-based CFTC-regulated exchange, has become the first US-registered derivatives clearing organization to accept RLUSD stablecoin collateral for futures, perpetuals and options. Bitnomial’s support for RLUSD stablecoin collateral enables institutional traders to post RLUSD directly, cutting conversion fees and settlement delays. In addition, high-liquidity XRP is now accepted as margin collateral, offering fast on-chain settlement and low fees for rapid adjustments. Both assets enhance capital efficiency and broaden crypto asset utilization within a regulated framework. Retail traders will access these options via Bitnomial’s Botanical platform. Backed by rigorous audits and a $1 billion market cap, RLUSD’s dollar peg ensures price stability, while XRP’s liquidity boosts trading flexibility. This move underscores growing regulatory acceptance and may drive other CFTC-regulated platforms to enable stablecoin and crypto collateral.

Crypto liquidity has stalled as inflows from stablecoins, ETFs and digital asset treasuries plateau, creating a self-funded trading loop. Since early 2024, ETF and treasury assets jumped from $40 billion to $270 billion, while stablecoin issuance doubled to $290 billion. Despite a supportive M2 money supply and easing central banks, high short-term rates and elevated SOFR push fresh capital into US Treasury bills over crypto. As a result, traders are forced to recycle existing funds, leading to a player-versus-player market. Rallies are fleeting and market volatility is driven by liquidation cascades rather than sustained buying pressure. Wintermute warns that only renewed stablecoin minting, new ETF approvals or increased digital asset treasury issuance could spark fresh crypto liquidity. Some large investors continue quiet OTC accumulation, but this has minimal immediate price impact.

Bybit PWM delivered a 16.94% annual percentage rate (APR) in October despite ’Uptober’ volatility driven by U.S.–China tariff tensions and Big Tech earnings swings. USDT-based strategies returned 11.56% APR, while BTC-based strategies yielded 6.81% APR. Using a time-weighted return (TWR) method, Bybit PWM underscores its disciplined diversification, data-driven strategy and institutional-grade infrastructure. According to Jerry Li, Head of Financial Products & Wealth Management, these structured approaches balance stability and yield under market stress. As such, Bybit PWM bridges TradFi and DeFi, offering high-net-worth clients resilient crypto wealth management for long-term growth.

EU regulators plan a simplification package to delay parts of the EU AI Act amid pressure from the US government and major tech firms. The proposal grants generative AI providers a one-year compliance grace period, pushes back penalties for transparency violations under the EU AI Act until August 2027, and postpones enforcement of high-risk AI system rules scheduled for August 2026. Final approval by member states is required. Crypto traders should monitor these shifts in AI regulation and compliance timelines, as any changes to the EU AI Act could sway tech stocks and AI-linked cryptocurrencies.

Elixir has suspended its deUSD stablecoin following the deUSD collapse triggered by Stream Finance’s $93 million loss, which drove its price down 97% to $0.015. The deUSD collapse prompted Elixir to process 80% of redemptions before pausing minting and withdrawals to shield holders. Stream Finance halted withdrawals following an external asset wipe, leaving the platform with $285 million in debt and its xUSD stablecoin plummeting to $0.10. Stream still owes Elixir approximately $68 million and holds 90% of the remaining deUSD supply. Elixir will snapshot undeclared deUSD and sdeUSD balances, launch a redemption portal, and collaborate with DeFi lenders Euler, Morpho, and Compound to liquidate positions and ensure a 1:1 swap to USDC. This deUSD collapse underscores the systemic risk of interconnected DeFi protocols and raises fresh concerns over stablecoin resilience. Ahead of potential contagion, Circle has called on the US Treasury under the GENIUS Act for uniform regulation, while Coinbase and other stakeholders push for robust oversight and fully backed stablecoins.

Sonami has extended its $SNMI presale after raising over $2 million at $0.0019 per token. The project launches its first token on a Solana Layer 2 network, bundling transactions to reduce Mainnet congestion, lower fees and boost security. By offloading trades, Sonami ensures high speed and scalable performance for high-frequency dapps such as gaming, microtransactions and meme coins. The Sonami roadmap outlines three phases: presale distribution, bridging $SNMI to the Solana Layer 2 solution and listings on decentralized and centralized exchanges, followed by expanded token utility. Out of 82.999 billion $SNMI, 15% is allocated to marketing, 20% to the treasury, 25% for staking rewards, 30% for development and 10% for liquidity and exchange listings. Backed by experienced Solana developers and fintech experts, Sonami aims to solve network congestion at the protocol level. Traders should watch for the token bridging and listing phase, as new exchange listings typically drive liquidity influx and price volatility.

Japan’s Financial Services Agency has approved a pilot under its Payment Innovation Program for a 1:1 yen stablecoin issued by MUFG, SMBC and Mizuho. The proof-of-concept will run for several months. It uses MUFG’s Progmat multi-chain platform, supporting Ethereum, Polygon, Avalanche and Cosmos. Collateral is backed 1:1 by bank deposits or Japanese government bonds. Initial trials focus on corporate payments across Mitsubishi Corporation’s 240+ subsidiaries and 300,000 corporate clients, aiming to cut settlement times, FX and administrative costs. If successful, the FSA plans to extend the yen stablecoin to cross-border use cases and explore a US dollar stablecoin. The initiative combines fiat stability with blockchain transparency within a clear regulatory sandbox. Traders should monitor pilot results and regulatory updates for potential impacts on digital payment adoption and stablecoin market frameworks.

Samson Mow, founder of Jan3, maintains that the Bitcoin bull run has yet to begin despite recent dips below $100,000. He argues current prices only marginally outpace inflation and point to ongoing accumulation, as Jan3’s inverted Fear & Greed Index shows “extreme greed.” Challenging slow, multi-year cycle models, Mow forecasts a “short and violent upheaval” that could drive Bitcoin to $1 million within weeks or months, marking the true start of the next Bitcoin bull run. While some traders question his aggressive timeline and dismiss the notion of long-term holders selling near $100,000, he urges monitoring key support at $100,000 and macro indicators—including geopolitical tensions and publicly listed crypto treasuries—to gauge market sentiment. This outlook underscores a heated debate over Bitcoin’s trajectory, prompting traders to assess risk appetite and stay alert for potential rapid rallies.

Tether’s Hadron, KraneShares and Bitfinex Securities have teamed up to build a tokenized securities infrastructure. Hadron by Tether will deliver scalable on-chain technology to validate security tokens and integrate real-world assets into blockchain networks. Bitfinex Securities will host a regulated secondary trading venue under El Salvador’s CNAD license, while KraneShares provides ETF management expertise and global distribution channels. The partnership targets institutional investors and cross-border trading. Market forecasts anticipate the tokenized securities sector expanding from $30 billion in 2025 to $10 trillion by 2030. Key executives stress that credible secondary markets and clear regulations are vital to unlocking new capital flows and fully tokenizing traditional assets within four years. Traders should monitor tokenized securities listings for new trading opportunities.

USDX, Stable Labs’ algorithmic stablecoin, depegged from $1 to as low as $0.38 on November 6, triggering a DeFi liquidity crisis. Heavy redemptions drained Balancer pools, wiping out BTC and ETH hedges and forcing whale liquidations. Borrowing rates on Lista DAO spiked above 800%, prompting emergency governance proposals. Platforms like PancakeSwap, Euler, and Silo suffered severe slippage. Major exchanges paused USDX operations while traders rotated into USDT and USDC. The incident underscores the fragility of algorithmic stablecoins and highlights the need for transparent and robust collateral management and redemption mechanisms in DeFi.

Tether’s Hadron platform has partnered with KraneShares and Bitfinex Securities to introduce tokenized ETFs and real-world assets onchain. Bitfinex Securities will offer a licensed trading venue under El Salvador’s regulatory framework, while KraneShares plans to transition fully to tokenized offerings within three to four years. Onchain data shows tokenized assets exceed $35 billion, with tokenized securities at $30 billion and projected to reach $10 trillion by 2030. The tokenized ETFs aim to test institutional appetite, boost secondary trading liquidity, and enable near-instant settlement with reduced intermediaries. By connecting traditional investment products with next-generation blockchain infrastructure, the collaboration seeks broader distribution in emerging markets and stronger digital asset trading infrastructure.

Franklin Templeton has launched HK’s first tokenized money market fund on its Benji Technology blockchain platform. The Luxembourg-registered fund invests in short-term U.S. government securities and offers faster settlement, improved transparency and lower fees compared with traditional funds. Initially open to institutions and professional investors with at least HK$8 million in assets, it leverages tokenization under the HKMA’s Fintech 2030 roadmap and Project Ensemble. HSBC and OSL provide SFC-licensed custody and trading infrastructure. A retail version is planned to broaden access. The move follows Franklin Templeton’s earlier tokenization projects with DBS and Ripple Labs on the XRP Ledger, including the sgBENJI fund and RLUSD stablecoin.

Galaxy Digital has lowered its Bitcoin year-end price target for 2025 from $185,000 to $120,000. The firm cites a maturing market with institutional investors absorbing supply through passive ETF flows. Key triggers include the October 10 flash crash, which led to $20 billion in liquidations after a 400,000 BTC whale sell-off, and five straight days of outflows from U.S. Bitcoin and Ethereum spot ETFs totaling over $1 billion. On-chain data show declining spot demand. Competition from gold, AI infrastructure stocks, and stablecoin narratives has also diverted capital from Bitcoin. Despite an 18% correction from October’s all-time high of $126,080 and bearish forecasts as low as $72,000, Galaxy maintains Bitcoin’s market structure remains intact. Traders should expect short-term price pressure but may see a recovery later in the year if ETF inflows and institutional demand persist.

Tron founder Justin Sun has moved 45,000 ETH (≈$154.5M) from AAVE to Lido, staking it as stETH. On-chain data from Arkham Intelligence and Nansen show his public wallet holds $2.57B in crypto: 2.4B TRX ($702.2M), $483.7M in stETH, $400M USDT and various AAVE and WLFI tokens. This ETH staking action, part of an internal wallet restructure, briefly pushed his ETH holdings to $534M, surpassing his $519M TRX balance. Traders interpret this shift from lending to staking as a long-term bullish signal for Ethereum, especially after ETH fell from $4,100 to $3,400. The move follows his July transfer of 50,600 ETH to Binance during a whale accumulation phase. ETH staking reduces circulating supply and highlights confidence in Ethereum’s network security and yield prospects.

On November 10, the Bank of England will publish a consultation paper outlining its stablecoin regulation, aiming to align the UK’s framework with the US GENIUS Act timeline. Deputy Governor Sarah Breeden announced detailed rules for digital payment tokens, issuer requirements, operational standards, and risk controls. This response follows coordinated efforts between UK and US regulators and finance ministries after Chancellor Rachel Reeves met US Treasury Secretary Scott Bessent. The new framework addresses concerns of regulatory lag and seeks to foster innovation while ensuring market stability. Parallel developments include Canada’s 2025 budget proposal for a national stablecoin regime with full reserves and robust controls. Growing corporate demand is evident as Western Union, SWIFT, MoneyGram, and Zelle integrate stablecoin solutions. The US Treasury projects the $310 billion stablecoin market could reach $2 trillion by 2028, underscoring the need for clear, harmonized regulation to support future market growth.

Canada’s Department of Finance, in its 2025 federal budget, has proposed the country’s first national regulation framework for fiat-backed stablecoins. The plan mandates issuers to hold full asset reserves, establish clear redemption policies, and adopt robust risk management, data protection and privacy safeguards. To oversee implementation, the Bank of Canada will allocate CAD 10 million from 2026–27, plus recoup CAD 5 million annually via Retail Payment Activities Act license fees. Stablecoins now account for nearly 30% of global crypto transactions, with on-chain volumes exceeding USD 4 trillion—led by USDT and USDC. Canada’s framework mirrors the US GENIUS Act and EU MiCA, aligning with global digital asset policy. Industry leaders expect this stablecoin regulation to enhance financial stability, safeguard consumer funds and support private-sector innovation from projects like Shopify-backed Tetra Digital and Western Union’s Solana-based tokens. Experts warn that past events—such as the TerraUSD collapse, major DeFi exploits and USDe depegging—underscore collateralization and systemic risks. The stablecoin regulation is viewed as bullish for market confidence and broader adoption.

The Balancer hack on November 3 saw an attacker exploit a precision loss flaw in Balancer v2 Composable Stable Pools. Using flash loans and batch swaps, the attacker manipulated rounding logic under low liquidity to drain around $120 million across multiple chains. The exploit stemmed from integer fixed-point truncation during batch swaps. The attacker swapped Balancer Pool Tokens (BPT) for liquidity tokens, then performed small osETH↔WETH trades to amplify rounding errors. Repeating this cycle allowed inflated internal balances and large withdrawals from the Vault. SlowMist traced the stolen funds through Tornado Cash to multiple on-chain addresses. In response to the Balancer hack, the team paused vulnerable pools, blocked new pool creation, and enacted emergency controls. Whitehat interventions and partnerships with Monerium, Sonic Labs and Hypernative recovered about 73.5% of stolen osETH. The incident highlights critical DeFi security risks in stable pool precision handling. Balancer has launched ongoing audits and logic improvements to safeguard future liquidity pools. Crypto traders should monitor upcoming security updates and pool parameters affecting stable pools.

Robinhood’s Q3 crypto trading volumes jumped over 300% year-over-year. This surge propelled Robinhood crypto trading revenue to $268 million (up 339%) and drove a 129% increase in overall transaction revenue. The platform expanded its digital asset lineup beyond Bitcoin and Ethereum, added trading features and attracted a wave of retail investors amid a broader market recovery. Despite beating revenue forecasts, Robinhood raised its full-year expense outlook to fund technology upgrades, marketing and compliance. Crypto traders should view the volume spike as a sign of improved liquidity and market depth, while watching for margin pressure from higher costs. Sustained growth hinges on market volatility, regulatory clarity and ongoing platform innovation.

US spot crypto ETFs displayed divergent flows on November 5. Solana spot ETFs extended their inflow streak to seven days, attracting $9.7 million led by Bitwise’s BSOL and Grayscale’s GSOL. Hedera’s HBAR ETF also saw $1.92 million in net inflows, while Litecoin’s LITE remained flat. In contrast, Bitcoin (BTC) ETFs recorded a sixth consecutive day of outflows totalling $137 million, and Ethereum (ETH) ETFs withdrew $119 million, pushing total outflows close to $1 billion since late October. Despite redemptions, institutional investors bought dips, injecting an estimated 5,000 BTC during a recent $98K low. Analysts cite a risk-off environment driven by a stronger US dollar and tighter liquidity. The yield narrative and staking benefits of Solana ETFs continue to attract curious capital. Short-term pressure on BTC and ETH prices may persist, while modest SOL and HBAR inflows offer niche opportunities. Market recovery depends on stabilised macro liquidity and renewed institutional appetite.

On November 6, 2025, the White House confirmed its controversial Zhao pardon, granting full clemency to Changpeng Zhao, founder and former CEO of Binance, after a comprehensive DOJ review and counsel evaluation. Press Secretary Karoline Leavitt said the decision aimed to correct what the administration described as overly aggressive crypto regulation under the previous government. Critics allege political favoritism, while supporters see the executive clemency as a reset for cryptocurrency market rules. Zhao had pleaded guilty in 2023 to anti-money laundering failures and served part of a four-month sentence, which the pardon commuted. For traders, the Zhao pardon signals reduced legal uncertainty for major crypto firms, potentially stabilizing market sentiment. Long-term, this shift could influence future enforcement strategies and compliance policies in the cryptocurrency sector.

In October 2025, Coinbase filed for a national trust charter with the US Office of the Comptroller of the Currency (OCC). The Coinbase trust charter aims to simplify crypto custody and integrate digital assets into the broader financial system under a federal framework. The Independent Community Bankers of America (ICBA) formally challenged the application. It raised concerns about untested custody duties, profitability during market downturns, and the effectiveness of federal receivership tools. Coinbase’s Chief Legal Officer, Paul Grewal, dismissed these objections as bank protectionism. He argued that critics prefer crypto to remain unregulated. If approved, the Coinbase trust charter would allow Coinbase and other crypto firms to operate under federal oversight rather than state charters. Approval could shift custody services toward a unified federal model. A denial or prolonged delay would maintain the current state-by-state system. Traders should monitor the OCC’s estimated 12–18 month review timeline to gauge potential impacts on crypto custody and market regulation.