Crypto News

VRT rose 18.7% over 24 hours and gained 12.9% in the latest hour, according to MSX.COM data. The token was trading at 239.95 USDT at the time of reporting. The data provides no explanation for the move, so traders should monitor price action and liquidity before interpreting the rally as a sustained trend.

AI stocks rose in US premarket trading on 28 October, according to MSX.COM data. Micron led the listed gains, up 4.35%, followed by Nebius (NBIS) at 2.76%, Marvell Technology at 2.25%, AMD at 1.68%, Oracle at 1.31% and Nvidia at 0.83%. The report’s headline also said Astera Labs was up more than 2.21%. The gains point to positive sentiment across AI and semiconductor stocks, but the article provided no direct cryptocurrency market data or specific catalyst.

Onsemi is reportedly in talks to acquire Ferric, a New York startup that makes power-management chips for AI processors, for nearly $1 billion. Neither company has confirmed the negotiations, first reported by The Information. Ferric develops integrated voltage regulators and thin-film magnetic inductors. Its Fe1767 Newport regulator is rated at 145 amps, and the company says it can reduce voltage droop by up to 57% compared with traditional solutions. Ferric estimates its addressable AI power-management market at $10 billion. The reported price is notable because Ferric has raised about $41.8 million, including a $32.1 million Series C in 2024. Deal terms remain unclear and could include earnouts tied to performance targets. If completed, the acquisition would give Onsemi in-house technology for delivering stable power to AI accelerators and high-performance computing systems. For now, the talks remain unconfirmed, and the valuation and product claims have yet to be tested at scale.

Venture capitalist Jason Calacanis called Bitcoin a “dead network” and urged holders to sell, arguing that its utility is limited to being a store of value. His remarks add a high-profile bearish voice to debate over Bitcoin’s long-term use, but the article reports no measurable market reaction or price move tied to his comments. The article also cites prediction-market odds for Bitcoin price targets by the end of 2026, describing confidence in higher targets as low. These odds reflect market expectations on those contracts, not a forecast or guarantee. Traders may watch Bitcoin’s price action, resistance levels and broader catalysts—including regulation and institutional adoption—to gauge whether sentiment is changing.

Crypto events are shifting from large parties and crowded conference halls to smaller, more focused networking. Side events around major conferences such as ETHDenver, TOKEN2049 and Devconnect are increasingly important, offering targeted discussions for groups such as DeFi developers, protocols and market makers. Companies are also favoring curated receptions and dinners over large guest lists, and partnering to share event costs and combine audiences. The article points to growing interest in the US, particularly New York, as crypto firms and traditional financial institutions explore areas including DeFi, tokenization, stablecoins and blockchain infrastructure. For crypto businesses, event success is increasingly judged by relevant connections, partnerships and integrations rather than attendance alone. Large conferences remain useful for visibility, while smaller gatherings may better support focused business development. The article describes industry trends and does not report a specific market-moving announcement.

OpenAI says its AI models produced research results in computer science, physics and mathematics, presenting them as preliminary findings for academic review. The AI research includes a proof that the Exponential Time Hypothesis (ETH)—a longstanding computer science conjecture, not the Ethereum token—does not hold; OpenAI says the result was verified in Lean. MIT professor Ryan Williams reportedly said the work does not appear to break existing cryptographic systems, and OpenAI says practical algorithmic advances will require further research. In physics, OpenAI reports rigorous existence proofs for parts of quantum field theory, including pure Yang–Mills theory. Only the Yang–Mills result has been verified in Lean so far; the underlying proof materials are not yet public. In mathematics, the company says its model proved the local smoothing conjecture in all dimensions, leading to results for the Kakeya and Stein restriction conjectures. Researchers are reviewing the findings, and OpenAI says it does not claim academic credit for discoveries generated by its models. The company also cited a $5 million donation to the Simons Foundation to support academic work on AI-generated research.

An article citing Anthropic’s Claude AI outlines a hypothetical path for an Ethereum “Flippening”—overtaking Bitcoin by market capitalisation. Its proposed catalyst is a US Treasury and financial-industry pilot that would use Ethereum to settle tokenized bonds. The article suggests this could increase demand for ETH as settlement fuel and collateral, while staking and fee burns reduce the available supply. No such announcement is reported; the scenario is speculative. The article puts ETH near $2,350 and BTC near $80,800, with market capitalisations of about $287 billion and $1.62 trillion respectively. At those prices, the ETH/BTC ratio is around 0.029. Given the circulating supplies cited, ETH would need to reach roughly 0.165 against BTC to match its market cap—about a 5.7-fold rise in the ratio. The article’s scenario projects ETH at $13,500 by 1 January 2027, which would imply a market cap near $1.65 trillion if Bitcoin remained around its stated level. It also notes ETH trading near its realized price and 200-day EMA, alongside ETF outflows and falling exchange balances. These indicators do not confirm a reversal. The Ethereum Flippening thesis therefore depends on an unannounced institutional catalyst and continued relative strength in ETH; it is not evidence that the event is imminent.

Bitcoin recovered nearly 2% towards $81,000 ahead of the Federal Reserve’s latest interest-rate decision, but faces a key test near $82,000. A sustained break above that level could put $84,000 in view; rejection could leave BTC vulnerable to a pullback towards $80,000. Markets largely expect the Fed to hold rates steady. However, oil prices surged after renewed Middle East supply concerns, with Brent crude reaching about $115 a barrel and US West Texas Intermediate hitting $101. Higher energy costs could keep inflation elevated, limit the scope for rate cuts and weigh on Bitcoin and other risk assets through stronger dollar and Treasury yields. Developments in Russia-Ukraine diplomacy add uncertainty to the energy outlook. A local ceasefire and possible technical talks in November could eventually affect geopolitical risk and oil supply expectations, but a durable agreement is not assured. Bitcoin’s near-term direction will depend on Fed guidance, oil prices, the dollar and bond yields, as well as whether buyers can overcome resistance.

A Bitcoin whale deposited 438.37 BTC, worth about $35.38 million, into Coinbase Prime on October 28. The address still holds 177.03 BTC after withdrawing 615.4 BTC from the service about 16 months earlier, at an average price of $105,271. The transfer may signal a sale, but it does not confirm one; the whale’s remaining holdings show a paper loss of more than $15 million against the reported current price. Bitcoin traded near $81,445, below its October opening level of $83,624. It must close above that level to avoid a second consecutive red October. Exchange flows were mixed: CryptoQuant data showed a net outflow of 12,570 BTC on October 27, while Binance whale deposits have declined from late-August levels and retail deposits have risen. Traders are watching the Federal Reserve decision and Chair Kevin Warsh’s comments on October 28, followed by U.S. PCE inflation data and Coinbase and Strategy earnings on October 29. A large Bitcoin options expiry is due October 30, with $78,000 identified as max pain. The U.S. midterm elections on November 3 and the Fed’s December 9 meeting are further potential catalysts. Key technical levels are $83,624 resistance, $79,221 support and the 200-day EMA near $76,443.

AI compute stocks rallied on 27 October after disclosures highlighted long-term demand for data-centre capacity and new financing for equipment purchases. The Philadelphia Semiconductor Index rose 3.6%, while Broadcom gained 4.0%, Oracle 3.55%, Cerebras 10.1% and CoreWeave 7.94%. Nvidia rose 0.9%. The gains suggest investors are focusing on companies supplying, financing and renting AI infrastructure, rather than buying every AI-related stock indiscriminately. Media estimates put Anthropic’s long-term compute and infrastructure commitments at up to $807 billion. That figure is not confirmed revenue or a single fully binding order: Anthropic’s S-1 does not state a total, and reported estimates vary. About $417 billion in payment obligations are attributed to signed agreements, with additional potential commitments tied to future deliveries. Separately, Broadcom announced a $63 billion financing arrangement involving Bank of America, Blackstone, Citi and Morgan Stanley. A special-purpose vehicle is expected to buy Broadcom AI accelerators and networking equipment and lease them to Anthropic, with deliveries expected from 2027. The structure could support deployment, but leaves risks around customer payments, financing costs and equipment resale values. Oracle also plans to expand Nvidia system deployments and offer Google TPU capacity and Cerebras inference solutions through its cloud platform. The moves point to wider hardware choices as inference workloads grow, but do not establish confirmed order values or profitability. For traders, stronger demand visibility is supportive for AI infrastructure stocks, but the rally’s durability depends on revenue conversion, cash flow, equipment utilization and funding conditions. Large commitments and financing announcements are not proof of returns.

A crypto address created nine days ago deposited $1.25 million in USDC and began shorting ETH, according to blockchain analytics account Lookonchain. The position was liquidated 13 times, with a cumulative 18,080 ETH in positions valued at $43.9 million liquidated. The address reportedly lost $1.14 million. The incident highlights the risks of leveraged ETH trading, but the report does not indicate a broader market impact.

Blockchain investigator Specter says the Bloom drainer stole nearly $1 million and moved the funds through 2,152 routing and destination addresses. The transfers involved 1,326 Solana addresses, 822 EVM addresses and five Zcash addresses. The pattern of repeatedly splitting and consolidating funds, then moving them across chains, suggests automation. The Bloom drainer also bridged 26.099 ZEC into Zcash’s Sapling shielded pool, potentially making some funds harder to trace.

Former US Justice Department antitrust leaders Jonathan Kanter and Doha Mekki have launched FluxCap, an AI legal technology startup focused on complex litigation. The company raised $6 million in seed funding in March 2026, with litigation finance firm Burford Capital among its backers. FluxCap combines three tools: FluxAlmanac for legal rules and doctrines, FluxFacts for linking case claims to supporting evidence, and Vision Manager for litigation strategy and risk. The platform emphasizes verifiable citations, addressing concerns about errors in AI-generated legal documents. FluxCap says its software is already being used in active cases seeking more than $1 billion in damages. The startup is hiring in New York and Washington, DC. Its focus is on helping smaller legal teams manage high-stakes cases, particularly antitrust disputes.

Swedbank has increased its Strategy (NASDAQ: MSTR) holding by 27% to 115,464 shares, continuing a series of purchases disclosed in earlier filings. The Swedish bank previously reported 90,590 shares after buying 8,278 shares in the second quarter of 2026. Strategy, led by Michael Saylor, is a major corporate holder of Bitcoin, making MSTR a stock-market proxy for Bitcoin that can magnify both gains and losses. Buying shares also lets investors gain exposure without directly managing Bitcoin custody. Swedbank’s larger position signals institutional interest in Bitcoin-linked equities, but the article does not indicate a direct purchase of Bitcoin. The stake’s market value can fluctuate with MSTR and Bitcoin prices.

Tokenised stock plans face a practical hurdle in the US: companies can object to their shares being represented on proposed trading venues. Reporting on October 23 said Wells Fargo, Arm and Intuit had objected to a planned venture involving OKX and Intercontinental Exchange (ICE). The SEC’s innovation-exemption process allows proposed venues to file notices, but publication is not regulatory endorsement or proof that a platform meets all exemption conditions. The process remains subject to requirements and operating safeguards. Issuer objections could limit the range of tokenised stocks offered and complicate efforts to link liquidity, shareholder rights and corporate actions across separate venues. The key issues to monitor are changes to venue notices, further company responses, launch dates and evidence that dividends, voting and other corporate actions are handled reliably. The filing describes a regulatory development, not an immediate change in asset value or proof of broad adoption.

Canada has proposed stablecoin rules that would take effect in fall 2027, following a 60-day public comment period. The regulations would ban interest or yield for simply holding a stablecoin, require redemptions within three business days, cap redemption fees at 1%, and require issuers to back tokens with specified liquid assets held by qualified Canadian custodians. Issuers would also report monthly to the Bank of Canada. The rules could cover five issuers; named tokens include QCAD, CADC and USDC. The proposed stablecoin rules aim to strengthen oversight and consumer protection, while limiting stablecoins’ competition with bank deposits. In the United States, the Office of the Comptroller of the Currency encouraged community banks to consider applying to issue payment stablecoins under the GENIUS Act, although applications are not yet open. Banking groups warn that third-party stablecoin rewards could draw deposits away from local banks and reduce lending capacity. Separately, Senator Richard Blumenthal sought records from Tether and former White House crypto official Bo Hines over reported $6.3 million payments to Hines’ consulting firm while it advocated changes to the GENIUS Act. The allegations raise scrutiny of stablecoin lobbying and regulatory compliance.

The United States has announced $5 million for the Pacific Alliance for Combating Illicit Finance and Cybercrime (PACIFIC), a program to strengthen cryptocurrency investigations across the Pacific Islands. The funding is part of a wider US security package worth more than $44 million. PACIFIC will provide training in cryptocurrency tracing, digital forensics and beneficial-ownership investigations, and support updates to regional anti-money laundering and cybercrime laws. The program aims to help authorities examine blockchain transactions and coordinate investigations across borders. The initiative was announced alongside the inaugural US-Pacific Islands Conference of Police Ministers. The announcement sets out planned funding and training; it does not report that assets have been seized or criminal networks dismantled. Its impact will depend on implementation and participating agencies’ ability to apply the new capabilities.

Microsoft and Alphabet are due to report earnings early on 29 October Beijing time. On OKX’s earnings-season prediction markets, the likelihood of results exceeding expectations stood at 62% for Microsoft and 61% for Alphabet. Forecasts that each stock would rise on the first full trading day after its report were 59% and 65%, respectively. The readings show more divided sentiment than earlier forecasts for Robinhood and SK Hynix, which both had above-80% probabilities of beating expectations. OKX is also offering prediction activities with prize pools, including a 10,000 USDT reward for a winning streak.

Japan Bitcoin Industry plans to raise about ¥800 million through a private placement to a Japanese entity of Fulgur Ventures and ANAP Lightning Capital. The investment will be made entirely in Bitcoin and is expected to be paid on 2 November. Japan Bitcoin Industry says the funds will support development of aurora and other Lightning Network payment infrastructure, hiring, routing operations and research. The company has also agreed a routing partnership framework with ANAP Lightning Capital, under which ANAP’s Bitcoin is planned to provide liquidity for Lightning Network channels.

Ripple announced major institutional partnerships and a regulatory milestone on Day 0 of Swell 2026, with potential long-term implications for XRP and RLUSD adoption. Robinhood will use Ripple services across stablecoin settlement, treasury operations and institutional markets. RLUSD is already available on Robinhood Chain and Bitstamp by Robinhood, with a main-app launch expected later this year. BNY Mellon has also added XRP and RLUSD support to its institutional custody platform. Ripple and BNY plan to explore tokenized trade finance on the XRP Ledger, while Ripple and C2FO will use RLUSD for settlement on C2FO’s Instant Pay platform. Ripple Treasury introduced 24/7 Returns, a service designed to help eligible companies put idle cash to work outside traditional banking hours using qualifying digital assets. Separately, the US Office of the Comptroller of the Currency granted final approval to Ripple National Trust Bank. The entity will oversee segregated RLUSD reserves and offer fiduciary digital-asset custody. The announcements strengthen Ripple’s institutional positioning and could support broader XRP Ledger and RLUSD use. However, the article does not report new trading volumes, adoption figures or direct market-price effects.

South Korea’s National Office of Investigation has opened a preliminary inquiry into a series of hacks targeting securities firms and cryptocurrency exchanges. A dedicated team handling financial-sector cyberattacks will investigate whether the incidents are connected. Recent cases include a data leak affecting 38,500 customers of Daishin Securities, employee information exposed at Bithumb, and information leaked from some business systems at Mirae Asset Management. Earlier attacks on 16 financial institutions, including KB Kookmin Bank, exposed about 100,000 personal records. The crypto exchange hacks and related financial-sector breaches have not been publicly linked to stolen funds or trading disruptions. The investigation may nevertheless keep cybersecurity and exchange trust in focus for traders.

Quake AI, the cloud business formed from Rumble’s acquisition of Northern Data, plans to build infrastructure primarily for AI agents rather than human users. Its services are expected to let autonomous software interact directly with cloud infrastructure. Quake AI currently operates about 22,000 NVIDIA H100 and H200 GPUs across nine data centers in Europe and North America. It is targeting around 250 MW of energized and planned power capacity by 2027. Northern Data’s 2026 revenue outlook was raised to €170 million–€190 million, while GPU utilization was about 85% as of March. A multi-year, $270 million GPU capacity deal with Together AI has supported demand. Quake AI is also working with Tether on a proposed blockchain-based “trust layer” to coordinate AI agents. The companies have not yet provided details on how the integration will work, so the plan remains an intention rather than a launched product. Traders will be watching for product announcements, execution of the Tether partnership and progress toward the revenue and capacity targets. The Quake AI strategy combines established GPU-cloud demand with a less-proven AI-agent and blockchain opportunity.

Google DeepMind unveiled Genie 4, a real-time interactive world model, while Predict.fun released PREDICT tokenomics: a 1 billion total supply, 16% unlocked at TGE and 7% allocated to its first-season airdrop. Binance Wallet plans a PREDICT pre-TGE sale. Crypto market indicators were mixed. US spot Bitcoin ETFs recorded $176 million in net inflows, led by BlackRock’s IBIT, while options with a combined notional value of nearly $11.7 billion in BTC and ETH are due to expire on Friday. Large XRP holders control 68.5% of supply, a nearly four-year high. Analysts say Binance ETH open interest remains high in ETH terms, despite falling in dollar terms. Security and regulatory developments added risks. Coinbase said a third-party Amplitude incident exposed some customer contact information, but its own systems and customer funds were not affected. Coinbase also plans to convert certain EEA retail users’ non-MiCA-authorized token balances on 30 October 2026 unless withdrawn beforehand. Separately, an attack on Avalanche’s Tranche Vault reportedly drained about $1.01 million. Overall, ETF demand and whale accumulation offer supportive signals, but concentrated holdings, leverage, options expiry and security incidents may increase volatility.

TTM Technologies has shifted from a cyclical, lower-margin business towards higher-growth data centre and aerospace and defence markets. Its shares rose from about $20 to $220 before pulling back to around $80, as valuation concerns and strong operating momentum drove volatility. Recent acquisitions, including Ophir Optics and Epiq Design Solutions, expand TTM Technologies’ capabilities in AI infrastructure and defence. The company’s CEO has said earnings could double by 2027, supporting a forward price-to-earnings ratio of about 20 times. However, sequential earnings growth has slowed, and the outlook depends on successful integration and execution. The investment commentary sees potential for further growth but highlights that the sharp share-price swings reflect meaningful risk.

Bitcoin rose about $2,000 in 24 hours to around $81,500 on October 28, ahead of the US Federal Reserve’s FOMC decision and a speech by Kevin Warsh. The move followed a drop to a five-week low of $79,100 over the weekend. Bitcoin’s market capitalisation climbed to $1.63 trillion, and its market dominance returned to 60%. Traders may see further volatility as they respond to the Fed meeting and its policy signals. The broader crypto market also advanced. Ethereum gained 3% and approached $2,400, while XRP rose 3% and held above $1.30. BNB traded above $750, and Solana recovered from below $100. BTW jumped nearly 30%, PEPE rose 16%, and M gained 12%. Total crypto market capitalisation increased by more than $40 billion to above $2.71 trillion. Bitcoin’s rebound is a short-term positive, but the Fed’s outlook could quickly shift market sentiment.

NEAR rose on Wednesday after rebounding about 6% the previous day. The move followed the launch of confidential perpetual contracts tied to Jio Platforms on NEAR Intents. The derivatives offer price exposure ahead of Jio’s scheduled listing, but do not represent ownership of its shares. The launch adds a use case to the NEAR ecosystem; its effect on demand for the NEAR token remains uncertain. Fund flows were a counterweight. Bitwise’s NEAR-focused ETF saw $4.84 million in outflows on Tuesday, after $1.40 million in inflows on Monday. That amounts to roughly $3.44 million in net outflows over the two sessions, reversing a four-week run of inflows. The data do not establish why investors withdrew funds or whether outflows will continue. NEAR traded near $4.74, above its 50-day EMA at $4.33 but below a descending trendline around $5.02. A sustained move above $5.02 could put $5.57 in view. Support sits near $4.43 and $4.33; a break below could expose $3.91. Momentum remains mixed, with RSI near neutral at 49 and MACD below its signal line. Traders are watching whether NEAR can reclaim $5 while holding support, and whether ETF flows recover.

Coinbase’s status information cited an October 26, 2026 deadline related to the Blast network shutdown. It warned that BLAST assets not moved from Coinbase before the cutoff would no longer be accessible through the platform. Users should check Coinbase’s latest status and help notices for account-specific instructions and avoid depositing assets through an unsupported network. The notice concerns platform access and network support; it does not make a claim about the BLAST token’s market price. The impact on BLAST holders depends on the precise deadline, available transfer routes and whether destination wallets support the asset.

The S&P 500 Quanto USD-BRL Currency Adjusted Index tracks U.S. equity futures while mitigating fluctuations in the U.S. dollar against the Brazilian real. It measures the nearest-maturing quarterly E-mini S&P 500 futures contract traded on Brazil’s B3 exchange and rolls to a new contract quarterly. The index offers Brazilian investors a way to assess U.S. equity performance with less exposure to USD-BRL currency movements. The article also notes that benchmark selection can materially affect comparisons of active U.S. equity funds domiciled in Brazil.

CoreWeave’s mounting debt and rising borrowing costs are putting pressure on AI infrastructure stocks and fuelling concerns about financing across the sector. Earlier reports put its debt at roughly $50 billion and said some bond yields had topped 15%, while estimates of default-protection costs later climbed to about 1,000 basis points. CoreWeave shares fell around 30% in October as investors reassessed the risks of debt-funded expansion. The company reported $5.1 billion in 2025 revenue and a $1.2 billion net loss. It had a $104.2 billion revenue backlog at the end of the second quarter of 2026 and secured more than $25 billion in additional commitments. But investors are questioning whether those contracts will convert into cash quickly enough to cover debt and operating costs. Nvidia has agreed to buy CoreWeave capacity that remains unsold through April 2032. The pressure has spread to other neocloud providers and Oracle. Separate figures cited earlier showed AI-related debt issuance falling from $113 billion in June to $23 billion in September, while bankruptcy-market estimates put CoreWeave’s odds of bankruptcy at 14.5% by January 2028, 22.5% by January 2029 and 28.5% by January 2030. Analysts point to financing and execution risks, rather than weak AI demand, as the main concern. For crypto traders, the episode is a broader signal of tighter funding conditions for AI infrastructure, but its direct impact on any cryptocurrency is unclear.