Crypto News

New York’s Gaming Commission has asked a state court to compel Kalshi to comply with an investigative subpoena issued on July 31 under Section 104(7) of the state’s Racing, Pari-Mutuel Wagering and Breeding Law. The inquiry covers Kalshi’s sports event contracts, services for users under 21, advertisements describing its products as betting, and its ownership and corporate structure. The commission says the information will help determine whether to impose civil penalties and how much. Kalshi has not publicly commented. The case adds to regulatory pressure on Kalshi: New York’s attorney general and governor previously sued the prediction-market platform, seeking at least $36 billion. A federal judge denied Kalshi’s request for a preliminary injunction on July 7, while appeals courts have split, with the Third Circuit backing Kalshi and the Ninth and Sixth Circuits siding with state regulators.

XRP whales now control 68.5% of the token’s supply, the highest share since November 2022, according to Santiment. The concentration comes as the number of wallets holding 10 million to 100 million XRP fell from 351 to 339. The data does not establish whether holders sold, split balances or moved into a larger wallet tier. About 47 million XRP, worth roughly $61 million, flowed onto exchanges. XRP was trading near $1.29, with $1.26 identified as a key support level. A break below it could put $1.11 in focus, around 14% below the reported price. The combination of high whale concentration and rising exchange balances may increase concern about potential selling pressure, although on-chain data alone does not confirm that tokens will be sold. Traders are watching the $1.26 support and changes in the largest wallet tiers for signals on near-term XRP market direction.

Bitcoin Core 29.5 has reached its final release, according to the article title. No release notes or details about changes, security fixes or deployment recommendations were provided in the supplied content. Traders and node operators should consult the official Bitcoin Core release information before deciding whether to upgrade. The announcement alone does not indicate a change to Bitcoin’s market fundamentals.

Tuttle Capital Management has filed with the SEC to launch two 2x daily leveraged ETFs tied to Zcash-related assets. The filings, submitted on October 21 through the ETF Opportunities Trust, include a fund tracking Cypherpunk Technologies (CYPH), a company whose strategy is largely based on Zcash holdings, and another designed to deliver twice the daily return of a proposed Winklevoss Zcash ETF. That underlying ETF has not yet launched; Winklevoss Asset Services filed its registration on October 6. The proposals add new potential routes for leveraged Zcash exposure, but neither filing guarantees approval or launch. The CYPH-linked fund would track a company’s share price, which may diverge from Zcash’s price and the value of its holdings. The WINK-linked fund depends on the proposed Winklevoss ETF reaching the market. Both funds target twice the daily move, not twice the long-term return. Daily resets and volatility can magnify losses, making these products higher-risk tools generally intended for short-term trading.

California’s proposed wealth tax is drawing attention from billionaires, including Meta CEO Mark Zuckerberg, who is reportedly considering leaving the state. Proposition 40 would impose a one-time 5% tax on the net worth of people worth more than $1 billion who lived in California on January 1, 2026. Moving now may not remove liability tied to that date, and Zuckerberg could face a bill of several billion dollars. The later report adds that an estimated 200–250 billionaires could be affected and the measure could raise up to $100 billion; it also says Zuckerberg has restructured shares amid the potential tax. Governor Gavin Newsom and Sergey Brin oppose the proposal, citing possible economic consequences. Voters will decide on November 3, 2026. Polls show likely voters are divided, while prediction-market pricing puts the measure’s chance of passing at 22% YES. The California wealth tax has no direct effect on crypto prices, though debate over taxation and wealth migration may influence wider investor sentiment.

Poland’s nuclear project has moved into early supply-chain work, despite its first power plant not being expected to generate electricity until 2036. State-owned Polskie Elektrownie Jądrowe (PEJ) commissioned Westinghouse to begin procuring key components for Poland’s first AP1000 reactor. Cameco, which owns 49% of Westinghouse, expects about half of Westinghouse’s revenue from initial AP1000 projects to arrive in their first five years. The article also highlights the VettaFi Nuclear Renaissance Index, which includes reactor component suppliers such as Curtiss-Wright, BWX Technologies and Doosan. Poland’s nuclear project illustrates how investment and supplier activity can begin well before a reactor enters service.

Four French institutions have urged the European Commission to allow crypto platforms and other third parties to offer stablecoin rewards under strict conditions, rather than ban them outright. They propose requiring clear disclosures, prohibiting guaranteed-return promises and savings-product marketing, and monitoring effects on bank deposits. France still supports banning stablecoin issuers from paying interest, but opposes extending that ban to staking and lending. The European Central Bank and other EU central banks favor broader restrictions, including indirect incentives and staking or lending. The Commission must submit its review of the Markets in Crypto-Assets Regulation (MiCA) by 30 June 2027 and may propose amendments. The debate could shape future rules for stablecoin rewards and related crypto services in the EU.

Tuttle has filed applications for several niche leveraged ETFs, including funds designed to deliver twice the daily performance of Asian storage stocks and Zcash (ZEC). Bloomberg ETF analyst Eric Balchunas disclosed the filings in a post on X. The applications do not mean the funds have been approved or launched. If approved, the Tuttle leveraged ETFs would give investors a higher-risk way to gain exposure to ZEC and Asian storage shares.

Blink Wallet is charging a $1 monthly inactivity fee on custodial accounts that have not logged in for more than 12 months. The fee, introduced after a September Terms of Service change, was first collected in mid-October. Users can have fees refunded by logging back in within 12 months. The policy does not apply to self-custody accounts. A source cited by Bitcoin Magazine said about 100,000 accounts qualified as inactive, holding more than $800,000 in total. The first collection reportedly brought in roughly $45,000, mostly from accounts with small bitcoin balances; these figures could not be independently verified. Blink says inactive accounts create ongoing infrastructure, compliance and support costs that are otherwise shared by active users. The fee comes as Blink continues its shift towards self custody. The wallet launched a Spark-supported self-custody option in June 2026, while custodial wallet providers across the sector have faced regulatory and distribution challenges. The article also reports that hackers withdrew 6.61 BTC from Blink custodial users on September 19; the company’s backers said affected users would be reimbursed. The inactivity fee may encourage dormant users to return, withdraw their funds or move to self custody.

Anthropic’s revenue efficiency rose to $2.08 for every dollar spent on AI compute in Q2 2026, up from $0.57 a year earlier, according to figures cited from its IPO filing. The improvement suggests the Claude maker is generating more revenue from its compute spending, an important measure as demand for AI infrastructure grows. Anthropic remains unprofitable, however. The article reports Q2 operating income of $974 million and a net loss of $66.3 billion; the figures are presented as reported and may warrant verification. The company was also valued at $965 billion in its latest funding round. The revenue efficiency gain may support investor confidence, but profitability and the sustainability of its valuation remain key questions.

Morgan Stanley’s Bitcoin ETF wallet received 51.57 BTC, worth about $4.12 million, from Coinbase Prime, according to Onchain Lens. Over the past three days, the wallet recorded total Bitcoin ETF inflows of 80.22 BTC, valued at approximately $6.45 million. The transfers indicate recent net inflows to the wallet, but the report does not provide enough information to determine whether they reflect broader investor demand or predict Bitcoin’s price direction.

Polymarket’s Israeli prime minister election market has recorded more than $55 million in trading volume. Traders give Gadi Eisenkot a 55% chance of winning, compared with 29% for Benjamin Netanyahu. The Polymarket contract concerns the prime minister following Israel’s 27 October 2026 parliamentary election. Traditional polling puts Eisenkot’s bloc six seats ahead of Netanyahu’s, but neither bloc is projected to win a majority. The Israel Democracy Institute has urged election authorities to treat prediction-market odds like polls and consider restricting their publication before the vote.

Unitree stock has risen about two-thirds since 15 October, closing at 672 yuan on Monday and valuing the Chinese robotics company at 271.8 billion yuan (about $40.8 billion). Investors are betting that advances in large AI models will help robots perform useful tasks in the physical world. At a conference on 22 October, founder Wang Xingxing said major progress in physical AI could arrive within one to three years. He also said OpenAI’s GPT-6 Astra could direct robots without prior training. JPMorgan upgraded Unitree to overweight from underweight on 26 October and raised its price target to 995 yuan, citing a more positive assessment of the company’s software prospects and humanoid robots. Unitree’s G1 humanoid costs about $16,000. The company is already selling robots, while Tesla expects to begin external deliveries of its Optimus humanoid around the end of 2027. Researchers have also raised concerns about security, including the transmission of audio, video and spatial data to outside servers without user notification. The rally reflects optimism about physical AI, but execution, competition and data security remain important risks.

Solana’s October 16 changelog confirms the release of Web3.js 3.1, which is designed to work more smoothly with tools including Solana Kit, Wallet Adapter, Surfpool, Anchor, Codama and SPL interfaces. The update aims to reduce friction for developers building and testing applications on Solana by improving compatibility across wallets, transactions and local testing tools. The changelog also lists releases for the Agave and Firedancer validator clients, testing-library updates and discussion of validator performance. Proposals concerning computation limits and post-Alpenglow improvements are at different stages and should not be treated as features already deployed. The Web3.js update may support long-term development on Solana, but it does not itself signal an immediate change to SOL’s price or network rules.

Bitcoin Core 30.4 is identified as a final version of the Bitcoin network’s core software. The article provides no release notes, feature details or information about security fixes, so the specific changes cannot be confirmed. Bitcoin Core software updates can matter to node operators and the wider Bitcoin ecosystem, but no direct market or price impact is stated.

At Token2049 Singapore, representatives associated with MetaMask, Trezor and ChangeNOW discussed how AI agents could interact with crypto wallets without compromising self-custody. The central issue is how much transaction authority users should delegate to software agents. MetaMask’s Agent Wallet, launched in early access on June 8, 2026, is designed to let AI agents execute DeFi transactions while users retain control of their keys. Its safeguards include user-defined limits, transaction simulation, Blockaid-powered threat scanning and MEV protection. Transaction Protection coverage is capped at $10,000 per month. MetaMask had expected a broader rollout in summer 2026. Trezor provides hardware wallets that keep private keys offline, while ChangeNOW’s API supports non-custodial cross-chain swaps and integrates with MetaMask. The discussion reflects a growing focus on AI wallet security, agent permissions and approval controls across the crypto industry. For traders, the development is more relevant to wallet adoption and security infrastructure than to immediate token prices. The rollout, user uptake and any agent-aware hardware approval features are key items to watch.

The NBA and the US Commodity Futures Trading Commission (CFTC) have signed an agreement to protect the integrity of professional basketball in prediction markets. They will share information and communicate regularly to help detect abuses such as insider trading and fraud. The NBA joins the NHL and MLB in formal cooperation with the regulator. The move comes as sports event contracts on platforms such as Kalshi and Polymarket expand, and as the CFTC and US states dispute who has authority over these markets. The NFL, meanwhile, is fighting Kalshi in court and has not signed a similar agreement. The news is significant for prediction market oversight, but is unlikely to have a direct effect on cryptocurrency prices.

BNB Chain’s tokenized stock market has expanded rapidly, although estimates vary by data source. An earlier report put its tokenized stocks at $1.47 billion, or 42.59% of the market, up from 35.55% over 30 days. A later report estimated tokenized stocks and ETFs at about $1.5 billion by mid-October 2026, representing 37.5% to 42.59% of a roughly $4 billion market. It said BNB Chain added $3.7 billion in tokenized fund value over the past year and increased its market share from about 13% at the start of the year, overtaking Ethereum and Solana. The figures are not directly comparable across trackers, which use different market coverage and classifications. The later report added that BNB Chain had 1.8 million addresses holding tokenized stocks, around 45% of market-wide holders, and recorded about $25.6 billion in tokenized-equity trading volume in Q3. Its non-stablecoin real-world asset supply rose 24% to $4.96 billion, including $3.77 billion in tokenized treasuries. Binance said its bStocks platform passed $1 billion in assets under management four months after its June 2026 launch; Binance bStocks and Ondo Global Markets are among the platforms distributing tokenized securities on the chain. The reports point to growing tokenized securities activity on BNB Chain, but adoption is concentrated around Binance-linked services. For traders, rising holder counts and trading volume may signal expanding use of the network, yet they do not by themselves establish stronger demand for BNB or a sustained price effect. Market share, asset composition and activity beyond affiliated platforms are key indicators to watch.

The article argues that an AI stock rotation may be under way as investors reassess the cost and risks of the technology boom. Meta Platforms is increasing AI-related capital spending, pushing free cash flow into negative territory, and may issue up to $95 billion in equity, according to the article. Rising interest rates and potential shareholder dilution could weigh on high-beta AI and neocloud stocks. The author highlights CoreWeave and similar neocloud companies as vulnerable because of heavy debt and negative free cash flow. In contrast, low-beta stocks are presented as more resilient. The author expects the Schwab U.S. Dividend Equity ETF (SCHD) and other lower-volatility shares to outperform high-beta peers in the coming months. The central message for traders is that AI-sector growth remains significant, but financing costs, profitability and dilution risks could prompt a shift toward more defensive assets.

Vangrid has launched a USDC bounty marketplace where buyers commission smartphone footage of real locations and receive reconstructed 3D models. The company says its public bounty board has recorded more than $675,000 in settlements and requests for sites including warehouses, loading docks and stairwells. Accepted bounties are paid in USDC on Base or Arc, with funds held in escrow until a buyer selects a submission. In Vangrid’s example, a $50 bounty allocates $5 to the platform, $5 to reconstruction and $40 to the contributor. Unselected contributors keep their footage, while canceled or expired bounties return funds to the payer. Vangrid records capture fingerprints on Base to provide evidence of a clip’s existence, ordering and integrity. The company says its 3D models are intended for uses including robotics, autonomous systems, simulation and mapping. Its agent tools also let software post and fund bounties through x402, with default rewards of 50–5,000 USDC. The project’s co-founder and CEO, Robert Brighton, said Vangrid raised $9 million through a future-token agreement, with investors including HashKey, Borderless, Crypto.com Capital, Animoca Brands, Gate Labs and Mapleblock Capital.

Bitcoin may be nearing a local bottom around $80,000, according to analyst Doctor Profit. He identifies $79,000–$81,000 as a key support and accumulation zone, noting that Bitcoin treasury companies and spot ETF investors have average entry prices near $80,000–$81,500. Renewed spot buying and slower profit-taking may indicate easing selling pressure, while the analyst says many retail traders have turned bearish and longer-term holders are largely holding. He sees a potential move toward $94,000 if Bitcoin recovers, with a daily close above the 50-day EMA as a positive signal. Exchange data shows retail Bitcoin inflows to Binance have risen to a six-month high, reaching $10.75 billion on a 30-day basis, up from $5.5 billion. In contrast, whale inflows fell from $5.9 billion at the end of August to $3.8 billion, suggesting large holders are not rapidly moving coins to exchanges to sell. The figures point to diverging trader behavior, but do not guarantee a Bitcoin rebound.

A study of Solana’s SIMD-0675 explores whether arranging validator leaders by geographic proximity could reduce delays when leadership passes between validators. The proposal would change the order of validator production windows, not how many each validator receives. Researchers tested 6,250 synthetic networks based on 124 existing validator locations. One configuration reduced average handover delay by about 29 milliseconds. However, grouping leaders by location could concentrate activity in one region for longer and encourage validators to misreport their locations. The study identifies a modest degree of grouping as a possible compromise. The geo-aware Solana leader schedule remains a research concept; the study does not indicate that it has been activated on mainnet. For traders, the findings are a potential infrastructure improvement, balanced by security and decentralization concerns, rather than an immediate change to network performance.

Backpack Securities recorded more than $584 million in weekly tokenized stock trading volume, capturing 63% of the market. The Solana-based issuer led trading activity despite having less onchain supply and shallower liquidity than rival xStocks. Backpack Securities’ tokenized equities have generated more than $5.3 billion in cumulative onchain volume since the programme launched on June 12, 2026. The article attributes the high turnover partly to a mint-and-redeem structure backed by underlying shares and a dynamic liquidity model operated with Sunrise, which may support tighter spreads and more effective arbitrage. Activity in the SPCX token, linked to SpaceX exposure, has also drawn attention. The figures highlight a divide between market share by supply and by trading volume: xStocks has the larger onchain footprint, while Backpack Securities’ tokens change hands more frequently. For traders, volume and execution quality offer a different measure of adoption from outstanding supply. The data point to growing activity in Solana tokenized equities, but do not by themselves establish broader demand across crypto markets.

AMD reports fiscal third-quarter 2026 results on November 3, with analysts forecasting revenue of about $13.08 billion. The chipmaker’s Q2 revenue rose 50% year over year to $11.54 billion, while Data Center sales more than doubled to $6.7 billion, driven by EPYC processors and Instinct AI GPUs. AMD’s results arrive as credit stress weighs on AI infrastructure companies. Yields on one borrower’s 2032 notes reportedly reached 15%, and its credit-default-swap spreads nearly doubled in October. AI infrastructure operator IREN has fallen more than 60% over the past year. Anthropic has also filed for a Nasdaq IPO, adding a new test of investor appetite for AI. The risk to AMD is indirect: tighter financing could slow data-centre construction and eventually reduce chip orders. Traders will focus on Data Center revenue and Instinct GPU demand for evidence that AI spending remains resilient. For crypto markets, the news is mainly a broader risk-sentiment signal, rather than a direct catalyst.

A Michigan State University/YouGov poll gives Democrat Jocelyn Benson a 12.4-point lead over Republican John James in the 2026 Michigan governor race. In the open U.S. Senate race, Democrat Abdul El-Sayed leads Republican Mike Rogers by 2.5 points, suggesting a much closer contest. The poll follows incumbent Democratic Senator Gary Peters’ decision not to seek re-election; Democrat Gretchen Whitmer currently holds the governorship. The results may reinforce existing prediction-market expectations of a Democratic advantage in the governor race, while fresh polling or campaign developments could move sentiment in the Senate contest.

Vicor (NASDAQ: VICR) is positioned to benefit from rising demand for power delivery and conversion systems used in AI infrastructure. The analysis points to strong revenue and backlog growth, alongside a planned fivefold capacity expansion, with production benefits expected to begin in the second half of 2027. Vicor may also gain licensing revenue after competitors were found to have infringed its vertical power delivery patents, potentially creating opportunities with equipment makers and hyperscalers. However, the article says Vicor shares remain expensive, trading at a price-to-earnings ratio of 42.7 compared with about 30 for peers. Insider selling and elevated short interest add downside risks. The analyst rates VICR a Hold and suggests waiting for a potential entry near $140.

A post shared by Bitcoin News says Jamie Dimon and JPMorgan expect Bitcoin to deliver an annualised return of 10% over the next decade, following years of criticism of the cryptocurrency. The post cites a guest article by @BackslashBTC in the publication’s weekly newsletter, which argues that the 10% Bitcoin return forecast may still be too conservative. The article does not provide further details on JPMorgan’s assumptions or confirm whether the forecast is an official bank projection.

Crypto sportsbook payout reviews typically check a bettor’s identity, address, bet integrity, linked accounts and the source of funds. Straightforward reviews may finish within days after documents are provided, while complex cases can take several weeks. Early verification, keeping a single account, saving deposit records and replying promptly can help avoid delays. The article says Dexsport may hold account activity for up to 14 business days during suspected fraud investigations. Its rules also require deposit turnover before withdrawal and give players 10 days after settlement to dispute a bet. Crypto sportsbook payout reviews and dispute procedures vary by operator, licence and country, so bettors should check current terms and local laws.

Nethermind has advanced its zkVM guests preview from v2.2.0 to v2.3.0. The latest release reports performance improvements and compatibility with tests-zkevm v21.0.1, and includes guest binaries for ZisK 1.3.2-alpha, SP1 6.9.0 and OpenVM 2.1.0-rv64. The earlier v2.2.0 preview included builds for ZisK 1.3.1-alpha and SP1 v6.6.0, plus an OpenVM ELF file. Across the releases, Nethermind provides verification keys, SHA-256 checksums, an OpenPGP-signed checksum list and build provenance attestations verifiable with GitHub CLI. The zkVM guests update is a technical development for zero-knowledge proof infrastructure, not a token launch or confirmed production deployment. It has no direct effect on cryptocurrency supply or trading, though developers may monitor adoption and performance as potential longer-term indicators for Ethereum scaling.