Crypto News

Nvidia has hired two senior executives from major cloud and technology companies as it expands its enterprise AI business. Alison Wagonfeld, formerly a Google Cloud marketing executive, became Nvidia’s first chief marketing officer in February 2026 and reports to CEO Jensen Huang. Nick Parker, a 26-year Microsoft veteran, joined in August as executive vice-president of worldwide field operations, succeeding Jay Puri. Parker’s disclosed compensation includes a $1 million base salary, a $5 million signing bonus and $40 million in stock awards. The hires signal Nvidia’s push beyond chip sales towards complex enterprise and cloud-based AI offerings that require longer sales cycles and closer customer relationships. Investors will be watching for changes to Nvidia’s sales strategy and whether enterprise services grow as a share of its business. The leadership transition also carries execution risks.

Strive, Inc. (ASST) raised $630 million by selling 7 million shares of its 15% Perpetual SATS Preferred Series A at $90 each. After $21 million in underwriting costs, the offering provides capital for Strive’s Bitcoin-focused strategy. At the issue price, SATS implies a 16.67% yield. SATS has no maturity date and ranks behind Strive’s SATA preferred shares, increasing the risk that investors may not recover their principal. Strive says its reserves cover 18 months of dividends, but the company faces about $287.4 million in annual preferred dividends. Its ability to sustain payments will depend on Bitcoin performance and disciplined financing. The offering expands Strive’s Bitcoin-related funding, while placing significant ongoing obligations on the company.

Breakwave Tanker Shipping ETF (BWET) is rated Hold as tanker futures appear to price in much of the disruption around the Strait of Hormuz, leaving limited near-term upside. The International Energy Agency reported that shipping crude from the Middle East Gulf to Asia now costs more than $37, although the article does not specify the unit. High freight costs are changing how refiners buy crude. Some are turning to smaller vessels and delivered contracts, which could reduce demand for very large crude carriers (VLCCs). BWET’s concentrated exposure to TD3C futures, 118.39% volatility and 3.50% expense ratio also make it more suitable for short-term trading than long-term holding. The analyst expects BWET to be roughly flat or slightly lower over the next year, with outcomes dependent on shipping conditions and refinery demand.

The Federal Reserve’s FOMC rate decision and major token unlocks are set to shape cryptocurrency trading in the coming days. Bitcoin (BTC) and Ethereum (ETH) spent the past week consolidating near resistance as traders reduced risk ahead of the Fed meeting. Spot Bitcoin ETFs continued to record net inflows, providing some support amid spot-market selling. The Fed is scheduled to announce its rate decision on October 28 at 2:00 p.m. ET, followed by Chair Jerome Powell’s press conference at 2:30 p.m. ET. Traders will look for signals on whether policy will remain restrictive or move towards easing. The article also highlights sizable unlocks for LayerZero (ZRO), Plasma (XPL) and Humanity (H): approximately 23.28 million ZRO, 227.78 million XPL and 266.47 million H. Such releases can increase available supply and add pressure to individual token prices, depending on whether recipients sell. Together, the FOMC decision and token unlocks could heighten crypto market volatility, with price direction likely to depend on the Fed’s signals and market reaction to new supply.

Gate completed USDT dividend distributions for two groups of eligible stock and ETF holdings. The earlier distribution covered 88 assets with dividend dates from 13 to 16 October 2026, including Intuit (INTU), Thermo Fisher Scientific (TMO), Mondelez (MDLZ), Monolithic Power Systems (MPWR) and Lam Research (LRCX). A later distribution covered 67 assets with dividend dates from 19 to 23 October, including Oracle (ORCL), Cisco (CSCO), American Tower (AMT), China Feihe (06186) and Prudential (02378). Gate calculated payouts from users’ holdings at the relevant snapshot times and automatically paid the equivalent value in USDT, with no action required. The Gate USDT dividend announcements confirm distributions through the platform; they do not indicate a change in the underlying companies’ dividend policies or a direct effect on crypto prices.

JUST has completed five JST buyback-and-burn rounds, removing 1,881,973,007 tokens—19.01% of the initial maximum supply—and spending about $118.15 million. The latest round, completed on October 16, 2026, burned 170.7 million JST worth about $23.53 million, funded by JustLend DAO operating income and remaining initial treasury reserves. In its Q3 2026 and October report, JUST said it upgraded the JST buyback mechanism in October. Future JST buybacks will rely on ongoing ecosystem revenue. From Q4 2026, the DAO plans to use about $20.34 million in surplus funds over four rounds while retaining at least $50 million in treasury reserves. It has not fully detailed future allocation or timing beyond this plan. The change links continued token-supply reductions more closely to ecosystem activity. JustLend’s quarter-end TVL remained above $7 billion, and GasFree recorded about 21.24 million transactions in Q3. JST had risen from about $0.03 in October 2025 to a peak of $0.142 on October 10, 2026. Buybacks may support sentiment, but future price effects will depend on revenue, execution and demand for JST.

Bitmine Immersion Technologies plans to stop buying Ethereum after its treasury reaches 5% of ETH’s circulating supply. The Nasdaq-listed firm holds about 6 million ETH, or roughly 4.9%, and needs to acquire around 100,000 more to reach the cap. Chairman Tom Lee said the limit followed discussions with Ethereum co-founder Vitalik Buterin and Ethereum Foundation researchers over concerns about network centralization. Lee said the cap would let Bitmine benefit from any price gains while limiting further shareholder dilution. The firm currently earns about $1 million a day from staking through its Maven operation. Lee also described the market as being in a new bull cycle and cited institutional tokenization, treasury accumulation and blockchain payments for AI agents as potential long-term drivers. He forecast that ETH could eventually reach $22,000, while acknowledging that this is a long-term outlook.

US stocks diverged in the week to 23 October: the S&P 500 fell 0.47% and the Nasdaq Composite dropped 0.71%, while the Russell 2000 rose 2.00%. The mixed performance suggests investors are reassessing company growth, valuations and cash generation rather than broadly abandoning risk assets. AI investment returns are a central question as Microsoft, Alphabet and Amazon report results during the week of 26–30 October. Traders will look for evidence that spending on AI infrastructure is translating into cloud demand, revenue, profit margins and cash flow. Meta’s higher capital-spending outlook and negative quarterly free cash flow have reinforced scrutiny of the cost and payoff of AI expansion. Tesla has lowered its 2026 capital-spending forecast, but the change alone does not establish improved operating efficiency. The Federal Reserve’s rate decision, US third-quarter GDP estimate and September PCE inflation data are also due. These releases could shift expectations for interest rates, bond yields and the valuation of growth stocks. For crypto traders, the implications are indirect: changing rate expectations and risk appetite may affect digital assets, while the article reports no direct cryptocurrency-market catalyst. AI investment returns and funding costs remain key themes to watch.

The Ethereum Foundation sold 2,785 ETH worth about $6.42 million for USDS through CoWSwap. The transaction adds to selling activity traders may monitor, though a single foundation sale does not establish a broader market trend. Meanwhile, open interest in real-world asset (RWA) perpetual futures has climbed to nearly $20 billion, up 192% since June and a record high, according to CryptoRank. Centralized exchanges account for 71% of the total, while decentralized exchanges make up 29% and lead in index-linked products. Market signals are mixed. Analyst Darkfost said retail BTC deposits to Binance over 30 days rose from $5.5 billion to $10.75 billion, while whale deposits fell from $5.9 billion in late August to $3.8 billion. ETH derivatives also continued to deleverage: Binance ETH open interest declined by $1.3 billion over the past month, while ETH’s market capitalization fell by about $54 billion over three weeks. For traders, the ETH sale and falling derivatives exposure may point to near-term caution, while record RWA perpetual open interest highlights growing activity in tokenized-asset markets. These indicators do not confirm a market direction; price action, exchange flows and leverage remain key to watch.

Republican incumbent Senator Darline Graham has gained support from the data center industry as she faces Democratic challenger Annie Andrews in a closely watched South Carolina Senate race. Graham has promoted data center development as a national security measure while emphasizing community involvement. The race remains competitive despite South Carolina’s Republican lean. The article’s cited prediction-market odds put Republicans at 80.5% to win the seat and Democrats at 19.5%; no trading volume or change since publication was provided. The data center industry backing could strengthen Graham’s campaign, but the article offers no details on endorsements or funding and says polling, debates and campaign developments remain important to watch.

The article highlights a shift in market expectations after AI-related stocks peaked in June. Over the following weeks, the financial press focused on the AI stock sell-off, while other sectors began outperforming technology. The author argues that changing expectations—not just the headlines—are driving market moves. The article does not identify which sectors are leading or provide specific performance figures, but the divergence suggests investors are reassessing the growth outlook for AI and technology.

Brazil election results surprised markets after President Luiz Inácio Lula da Silva won a fourth term with 51.8% of the vote. Investors had widely expected Jair Bolsonaro to win, and Brazilian assets had rallied after the first round. Early trading signals pointed to sharp volatility: Hyperliquid perpetuals linked to the iShares MSCI Brazil ETF (EWZ) fell as much as 27%, while CME currency derivatives implied the real could weaken to 5.55 per US dollar, a decline of more than 10% from Friday’s close. Local firms warned that selling could trigger a stock-market circuit breaker. The Brazil election outcome may prompt investors to reassess fiscal prospects, interest rates and currency risks, with political tensions adding to volatility.

An on-chain analyst identified a crypto wallet that added $2.7 million to its positions over the past 10 days. Its total cost basis is now $10.79 million, with an aggregate unrealized loss of $1.904 million. The wallet holds 2.55 million ZRO bought at $2.08, currently down about $970,000; 6.3 million WLD bought at $0.5189, down about $568,000; 5.77 million BAT bought at $0.1981, down about $288,000; and 20 million CHIP bought at $0.04928, down about $77,000. The crypto wallet’s losses reflect the performance of these individual holdings and do not, on their own, indicate a broader market trend.

Bank of America says Microsoft’s enterprise AI position is strengthening as Azure expands and Copilot commercialization accelerates. It expects Microsoft Azure demand to exceed supply through fiscal 2027 and has raised its earnings forecasts for the next three years. The bank forecasts fiscal 2027 capital expenditure, including finance leases, of $220.7 billion, up 51.9% year over year. It estimates revenue of $391.9 billion and earnings per share of $19.70. Bank of America maintained its Buy rating and $600 price target. The report highlights continued investment in AI infrastructure and enterprise services, but does not directly address cryptocurrency markets.

Central bank decisions and crypto company earnings are set to shape crypto markets during the week beginning Oct. 26, 2026. The Federal Reserve and Bank of Canada announce rates on Oct. 28, followed by the European Central Bank on Oct. 29 and the Bank of Japan on Oct. 30. Markets are widely expecting the Fed to hold rates steady, so traders will focus on Chair Kevin Warsh’s comments and signals about the December meeting. U.S. GDP and PCE inflation data, due Oct. 29, could also shift rate expectations and drive volatility in Bitcoin and other digital assets. Coinbase, Galaxy Digital, Robinhood and Strategy report earnings this week, alongside major payment companies. Crypto-specific developments include the closure of Blast’s normal withdrawal interface on Oct. 26, a planned Unichain sequencer transition on Oct. 29, and Balancer’s move toward withdrawals-only pools on Oct. 30. Token supply events include a $20.9 million Collector Crypt unlock on Oct. 29 and a MemeCore unlock worth about $50.34 million on Nov. 1. These macroeconomic catalysts, earnings reports and token events may increase short-term trading volatility.

Bitcoin mining is showing signs of recovery: since July, miners’ daily revenue rose about 78% to $48 million, while the network’s seven-day average hashrate returned to 1 ZH/s by 25 October. Improved revenue has eased miners’ need to sell BTC, although rising hashrate is also pushing mining difficulty to record levels and could squeeze margins again. At the same time, Bitcoin miners that pivoted to AI and high-performance computing face growing financing and execution risks. Short sellers have reported about $6 billion in paper gains on US neocloud and AI data-centre stocks this month. CoreWeave is under particular pressure, with Bernstein estimating a $76 billion funding gap and its unsecured bond yields reaching distressed levels of 15%–16%. Elon Musk warned that debt financing for such companies had largely dried up, while venture capitalist Chamath Palihapitiya flagged potential project delays and idle computing capacity. Gartner estimates that more than 80% of neocloud providers could stop operating independently by the end of 2030, amid a projected shortfall between infrastructure costs and AI-related revenue. For traders, stronger Bitcoin mining metrics may reduce near-term BTC selling pressure. But tighter credit and doubts about AI profitability pose risks to miner stocks and the sustainability of their AI expansion plans.

RWA perpetual open interest has climbed to nearly $20 billion, highlighting a shift in crypto derivatives trading towards tokenized real-world assets. Earlier figures put RWA perpetual open interest at about $9 billion, or 14% of total perpetual open interest, even as aggregate open interest on major platforms fell from $81 billion to around $67 billion. CryptoRank data for October 26, 2026, shows RWA open interest up 192% since June and more than double the $9.3 billion recorded in August. Its share of total perpetual open interest rose from 6% at the start of 2026 to 24% by late September. Centralized exchanges account for 71% of RWA perpetual open interest, while decentralized exchanges hold 29% and lead in equity index derivatives. The growth contrasts with declines in Bitcoin, Ethereum and other token perpetual open interest, suggesting leveraged trading is shifting rather than expanding overall. Open interest tracks outstanding positions, not trading volume or net buying, and does not indicate price direction.

Michael Burry has backed Ken Griffin’s warning that AI chip supply could outpace demand and send GPU prices sharply lower. Griffin compared the risk to the telecom fiber glut of 2000, when excess capacity left “dark fiber” unused, and questioned whether older GPUs will retain their value as technology advances. Burry separately estimates that hyperscalers may understate depreciation expenses by about $176 billion from 2026 to 2028 by extending hardware lifespans. The warnings come as the Philadelphia Semiconductor Index fell 11.4% in a week, its steepest weekly drop since April 2025. Traders will be watching GPU prices, hyperscaler capital-spending plans and depreciation disclosures for signs of AI infrastructure overcapacity.

ViaBTC will attend the ninth Crypto Summit 2026 in Moscow as a strategic partner on 28–29 October. The event will bring together miners, investors, exchanges, technology providers and policymakers to discuss mining infrastructure, digital-asset markets and regulation. ViaBTC says it is one of the world’s four largest Bitcoin mining pools and the largest Zcash pool by hashrate. Business Director Anton will join a panel on changes in the mining sector, including how companies can manage market pressure, improve profitability and find growth opportunities. Business Manager Alina will speak about practical ways to use mining-pool services. The ViaBTC team will also meet miners and industry partners at booth S-02. ViaBTC’s participation is focused on industry engagement and mining services, rather than announcing a new product or market initiative.

Ethereum core developers have delayed the Hoodi testnet upgrade to Glamsterdam after ChainSecurity identified compatibility and security risks involving EIP-8037. The reported issues include gas-accounting errors that could cause some transactions to revert or follow unintended code paths, while other contracts may underestimate gas use. ChainSecurity has identified 13 real-world cases and is working with affected projects through responsible disclosure. Developers plan to investigate further and assess fixes this week; resolving the EIP-8037 issues may require coordination among application developers, core developers, auditors and node operators, or changes to the protocol specification. Application developers and auditors have been urged to check compatibility with EIP-8037 and EIP-8038 and report problems.

After Luiz Inácio Lula da Silva won Brazil’s election, JPMorgan downgraded the Brazilian real and Brazilian government bonds from overweight to neutral. It also cut its rating on Brazilian international bonds from neutral to underweight. The changes signal a more cautious outlook on Brazilian assets, but the report does not specify the reasons behind the revised ratings. The Brazilian real and bond moves could affect emerging-market sentiment, although the news has no direct link to cryptocurrencies.

Mitrade is a multi-asset CFD broker that the article says has operated since 2011 and serves more than 7 million users. It offers over 1,100 instruments, including stocks, forex, commodities and cryptocurrency CFDs such as Bitcoin (BTC) and Ethereum (ETH). The promotional article highlights its stated regulatory licences, segregated client funds, negative-balance protection and Lloyd’s-insured coverage, alongside TradingView tools and risk-management features. It also advertises a reader promotion offering eligible new users up to $1,300 in trading credit after completing specified tasks. Mitrade’s products use CFDs, and leverage can magnify losses; fees may include spreads and overnight financing. Traders should verify the applicable entity, regulatory protections, bonus terms and product risks before opening an account.

Crypto market makers face a trust crisis because the industry lacks clear standards for legitimate market-making. Some firms use the label to disguise price manipulation or artificial trading volume, reinforcing traders’ suspicion of market makers. Such conduct is distinct from genuine market-making, which provides liquidity through two-sided quotes and can help markets function smoothly. Unlike traditional stock markets, crypto markets often lack transparent contracts, entry requirements and defined obligations for market makers. Unpublished agreements between token issuers and trading firms, as well as exchanges taking on market-making roles, add to the concerns. The article notes that placing orders with one’s own funds is not inherently illegal, and that frequent order changes or cancellations can be part of routine risk management. A South Korean case illustrates the risks of unclear rules: regulators initially proposed fines totalling 48.7 billion won (about $35 million) against nine securities firms in 2021 over their market-making orders. In 2022, authorities concluded the firms had not acted illegally, after a year in which market makers had withdrawn. The article argues that crypto regulators should assess genuine trading intent, contractual and risk-management compliance, the provision of two-sided quotes, and whether activity reduces risk—not rely on cancellation rates alone. Clearer standards could help restore confidence and support market liquidity.

Binance founder Changpeng Zhao (CZ) says Japan’s evolving crypto regulation could give Web3 startups more room to raise capital and build global businesses. He noted that Japan’s rules were restrictive from 2017 to 2021, but said the government has become more open in recent years. Binance returned to Japan in 2022 through an acquisition and secured a local licence, according to the article. CZ identified yen stablecoins and real-world asset (RWA) tokenization as key strategic areas. More than 99% of stablecoins are backed by US dollar assets, he said, arguing that Japan risks losing ground in digital payments unless yen-based alternatives develop. Japanese financial institutions and JPYC are already working on yen stablecoins. He also described RWA tokenization as a way to finance assets and infrastructure by selling tokenized claims to global investors. The comments are a broad policy and market outlook, not an announcement of new Japanese rules or a specific token launch. For traders, Japan’s crypto regulation and progress on yen stablecoins are longer-term themes to watch; the article provides no immediate market-moving catalyst.

The SEC has created a five-year exemption pathway for trading tokenized US stocks, but the model has yet to launch and faces resistance from issuers and traditional market groups. Three firms have notified the SEC that they plan to operate tokenized securities trading venues (TSVs): OKXICE, TSV LLC and Kephas Corporation. Being listed by the SEC does not mean a venue has met the exemption’s requirements. OKXICE, a 50-50 joint venture between OKX and ICE, plans to list 63 stock codes. By 24 October, 22 of the 62 companies notified had objected. Under the SEC order, an issuer’s valid objection prevents its stock from being listed on that venue. OKXICE has not announced a launch date or service fees. TSV LLC plans to use Canton Network and says it will tokenize stocks only with the issuer’s voluntary authorisation. Kephas, a subsidiary of Perpetuals.com, plans to operate on its Kronos X Public Ethereum layer-2 network. Neither has announced its initial stock list or begun trading. All three platforms require KYC; their proposed trading pools use stablecoins and charge fees, with portions allocated to liquidity providers. The SEC exemption runs for five years, but Nasdaq, SIFMA and Better Markets have raised concerns about market data, issuer consent and the regulatory approach. Tokenized US stocks remain an unproven market, with launch timing and the scope of available listings uncertain.

Blockworks researcher Jake Koch-Gallup argues that PEARL’s rapid rise is not supported by strong fundamentals, despite its novel Proof of Useful Work (PoUW) model, which uses AI computation to help secure the network. He identifies four key risks for PEARL traders: annual token supply growth of about 85% could create heavy selling pressure; AI customers pay in US dollars, so rising computing demand may not translate into direct demand for PEARL; widely available, rentable data-centre GPUs could leave the network vulnerable to 51% attacks; and early Zcash’s sharp price decline during rapid supply growth offers a cautionary comparison. The article estimates that newly mined PEARL worth about $2.2 million is distributed daily, against average daily trading volume of roughly $8.5 million. It also says the token’s market value has risen about eightfold from its August low, while Coinbase added PEARL to its listing roadmap on 19 October. The bullish case points to PEARL’s 2.1 billion hard supply cap, potential dual revenue for GPU miners and a team with academic and technology-sector credentials. However, the analysis concludes that high inflation and limited token-based demand could weigh on PEARL’s price, even if market enthusiasm continues in the short term.

Samsung began shipping 12-layer HBM4 memory to Nvidia in February 2026 for its Vera Rubin AI accelerators, with reported speeds of up to 11.7 Gbps. Samsung and SK hynix are also preparing 8-layer HBM4 for Nvidia’s Rubin Ultra NVL systems. Initial shipments are planned for February, with volume deliveries targeted for the second quarter of 2027. The shorter HBM4 stacks may help reduce heat and improve manufacturing yields. SK hynix is projected to supply about two-thirds of Nvidia’s HBM4, while Samsung’s reported yield is around 80% and its share could reach 28% or more. The two South Korean suppliers are forecast to control over 80% of the HBM4 market by mid-2027. The ramp-up will be an important test of supply capacity and competition in the AI chip supply chain.

Ultra Clean Holdings (UCTT), a supplier of gas delivery subsystems and integrated modules to wafer-fabrication equipment (WFE) makers, could benefit as semiconductor-equipment spending expands. The article says the WFE total addressable market is expected to exceed $150 billion in 2026, with estimates above $200 billion for 2027 as fabs come online worldwide. Although AI-related volatility has weighed on UCTT and other related sectors, the author expects a sharp recovery over the coming year as business fundamentals regain focus. The outlook is the author’s investment view, not company guidance.

Trader Mk4 holds a NEAR long position worth more than $25 million, with an unrealized profit of about $12.15 million, according to Odaily. That is down from roughly $20.88 million two weeks ago, when NEAR was trading at a higher price. Mk4 also has short positions worth a combined $13.1 million in BTC, ETH, SOL, XRP, BNB, ADA and AVAX. The position data highlights one trader’s exposure to NEAR and other major tokens, but does not establish whether the trades have been closed or indicate a broader market trend.