Crypto News

Robinhood reported strong second-quarter results, with revenue up 32% year over year and net deposits reaching a record. The company now has 13 business lines generating more than $100 million in annualised revenue, highlighting growth beyond crypto and strong customer retention. However, the analyst maintains a neutral rating, arguing that Robinhood’s valuation is demanding: its shares trade at 31.2 times forecast 2027 earnings, a 48% premium to peers. The stock was recently at $95.07, down more than 29% over the past year, ahead of its scheduled third-quarter earnings report on October 27. The analyst wants to see net deposit growth exceed 20% and Agentic Trading attract assets from beyond Robinhood’s existing customers before turning bullish. The key issue for Robinhood is whether agentic finance can generate enough additional revenue to justify its premium valuation.

XRP has fallen below $1.30 after being rejected near $1.40, leaving traders focused on key support and conflicting analyst forecasts. Ali Martinez warned that XRP could fall to $0.98 if large holders continue reducing their positions and exchange balances keep rising. Wallets holding 10 million to 100 million XRP declined from 351 to 339, while exchange balances rose from 11.003 billion to 11.05 billion tokens. Martinez identified $1.26 as critical support; a break could expose $1.11 and then $0.98. EGRAG CRYPTO sees a possible triple bottom instead, arguing that a weekly close above the 44-week moving average could support a strong rally. XRP’s near-term direction may depend on whether it holds $1.26 and recovers that moving average.

Token unlocks will affect six crypto assets next week, with Falcon Finance (FF) leading by estimated value. Around 208 million FF tokens, worth about $20.7 million, are scheduled to unlock on 29 October at 9pm Beijing time, equivalent to 6.62% of its circulating supply. Collector Crypt (CARDS) is due to release 59.26 million tokens on 30 October, valued at about $18.4 million and equal to 9.60% of circulating supply. Other scheduled token unlocks include 13.15 million SUI (about $12 million), 229 million KMNO (about $9.1 million), 36.82 million EIGEN (about $7.3 million), and 401 million SIGN (about $4.3 million). The releases are scheduled between 28 October and 1 November. Token unlocks can increase potential selling pressure, but the market impact will depend on recipients’ actions and demand.

Galaxy Research says roughly 40 random-letter inscriptions have appeared on the Bitcoin network each day over the past three weeks. Analysis of 562 texts found letter frequencies and word patterns unlike ordinary English or typical substitution ciphers, suggesting the content was generated randomly rather than used to conceal a message. The activity, attributed to an operator dubbed “Babel Scribe,” appears more consistent with automated testing of a data-publishing tool on Bitcoin. Transaction structure, repeated change addresses and regular posting times point to script-driven activity. The project has also posted test text, random words in different languages, binary data and the US Declaration of Independence. It has moved an estimated 3.33 million satoshis, with about 24% spent on miner fees. Galaxy advises against interpreting the Bitcoin inscriptions as hidden information.

Women voters could influence the 2026 elections in Texas, Ohio, Maine and Michigan, according to an analysis cited in the article. Women have historically voted at higher rates than men, and recent polling reportedly shows Democratic candidates leading among women. Higher women’s turnout could therefore affect close races, though the article provides no specific polling figures or turnout forecasts. In Ohio, Democrat Amy Acton is running for governor. A prediction market puts the probability of a Democratic win at 81.5%. In Texas, Democrat Gina Hinojosa is challenging Republican incumbent Greg Abbott; the market assigns Democrats a 30.5% chance of winning, compared with 69% for Republicans. These prices reflect market expectations, not guaranteed outcomes. Voter turnout, new polling, early voting and campaign developments could shift perceptions as election day approaches.

Investor Luca Socci says the S&P 500 has risen in the 12 months after every US midterm Election Day since 1954—18 cycles in a row. He says much of the historical gain has occurred between November and April, making early positioning important. Despite expensive valuations, Socci plans to maintain equity exposure through April 2027, selling earlier only if company fundamentals deteriorate. The pattern is historical, not a guarantee of future returns.

Polymarket traders put the chance of WTI crude oil reaching $110 a barrel during the rest of October at 31%, down 19% over 24 hours, according to PPP’s prediction-market monitoring. The Polymarket odds shifted lower after US President Donald Trump said oil prices would fall soon. Trump also said the US could end the war with Iran quickly, while claiming it could take control of all of Iran’s oil. The market reading reflects traders’ expectations, not a certainty about future oil prices.

Trader Killa says Bitcoin’s recent 9% pullback may be a reasonable buying opportunity in the current bull market. He advises investors to continue dollar-cost averaging (DCA) into BTC over the coming weeks. Killa cautions that Bitcoin is not certain to revisit its previous extreme low: that liquidation-driven wick occurred amid several negative catalysts, and a repeat would likely require further adverse news. He also says fourth-quarter buyers appear to be waiting for lower entry prices.

An on-chain address tracked by Arkham has made nearly 100 trades involving Worldcoin (WLD) since 2025, with total buy and sell volume close to $30 million. The WLD whale reportedly earned nearly $1 million last year by trading about 613,000 tokens on Bitvavo. This year, it traded around $22 million worth of WLD but made no profit, giving back its gains from 2025. The address still holds about 11.2 million WLD, a position traders may monitor for potential selling pressure.

Fomo co-founder Se Yong Park has denied that the social trading app plans to launch a Solana token platform or compete directly with Pump.fun. Park said the market already has too many coins and that Fomo aims to build trading communities rather than issue tokens. Fomo, founded by former dYdX team members, offers copy trading and real-time activity feeds. It charges about 0.5% on spot trades and has no native token. The company raised $75 million in a June 2026 Series B round at an estimated $550 million valuation. The decision keeps Fomo focused on trading-fee revenue, while Pump.fun’s business centres on token launches. Both platforms have expanded cross-chain, intensifying competition for users beyond Solana. Pump.fun has generally led Fomo in 30-day revenue, although Fomo has recorded strong individual trading days. Traders will be watching whether its community-focused model can sustain activity and narrow that revenue gap.

Nvidia chief executive Jensen Huang says artificial general intelligence (AGI) has arrived, citing OpenAI’s GPT-6 Astra model. The model was reportedly trained on more than 100,000 Nvidia Grace Blackwell GPUs, highlighting the computing power required to develop advanced AI systems. Analysts at Goldman Sachs and Morgan Stanley are focused less on whether AGI has been achieved and more on the potential for increased AI infrastructure spending. They name Nvidia, Broadcom and Micron as stocks to watch, as demand for chips, memory and networking equipment could benefit from continued investment by AI companies. The outlook depends on whether AI-related capital expenditure keeps growing. Huang’s claims should also be weighed against his company’s commercial interests. A slowdown in infrastructure spending could undermine the investment case for these suppliers.

Bitcoin fell to a five-week low of $79,100 on Saturday before rebounding to about $80,900. It is now struggling to hold above $80,000. Bitcoin’s market capitalisation stood at $1.61 trillion, while its dominance remained at 60%. The broader crypto market was mostly lower for the week. Ethereum fell nearly 4% to around $2,330, XRP remained below $1.30, and Solana dropped 3% to $101. NEAR, RAIN, AVAX, AAVE and HBAR were among the sharper decliners. PEPE gained 13% for the week, while M rose 25% despite a steep 24-hour drop. XMR, ZEC and BNB also edged higher. The total crypto market capitalisation fell below $2.7 trillion. Bitcoin’s ability to hold $80,000 is a key near-term focus for traders, while continued weakness across altcoins points to cautious market sentiment.

Crypto market news on 25 October included a security incident at CoinDCX: unusual activity affected legacy wallet infrastructure, resulting in a loss of 15.99 million USDT. The company said it would cover the loss, while Salus reported that Tether froze nine related addresses holding about 2.21 million USDT. Bitcoin had traded in a narrow range for nine consecutive days, with its 365-day moving average identified as key support. Separately, a trader known as Machi Big Brother re-entered an Ethereum long position after earlier positions were liquidated, leaving him with 115 ETH. Other developments included a Solana co-founder’s proposal for a validator stake-weighted oracle and Binance’s planned pre-market PREDICTUSDT perpetual contract.

China is proposing export controls on 23 AI technologies, but its Commerce Ministry says offering models through APIs, apps, websites or SaaS does not count as a technology export. The rules focus on transferring technology from China to overseas entities, including transferring ownership or granting overseas usage rights, and require Chinese exporters to register before export. The proposal is still open for public comment until 15 November, and its final scope and effective date are not settled. State media reported that DeepSeek and MiniMax had completed registrations, but neither the ministry nor the companies has publicly confirmed the details. Both firms released model weights after the announcement; it is unclear whether those releases were covered by the reported registrations. The proposed controls distinguish between prohibited and restricted technologies, with some AI applications and models potentially subject to tighter rules based on data sensitivity, use case or technical thresholds. Publicly available technology, including material released through open source or academic papers, is excluded, while exports of open-source technology may qualify for automatic approval. For traders, the immediate implications are limited: the rules do not appear to block overseas users from accessing AI services via API or SaaS. Uncertainty over the final China AI export controls could nevertheless affect sentiment toward Chinese AI and technology firms, as well as related digital-asset narratives.

Tom Lee says banks should prepare for the shift to crypto infrastructure, despite traditional finance still handling about 99% of financial activity. He warns that this figure could create a misleading impression that crypto remains niche, causing investors and companies to underestimate how quickly financial services may change. Banks without crypto services or a clear strategy could lose ground as adoption grows. The comments highlight the potential for faster crypto adoption, but do not point to an immediate market catalyst.

Nvidia CEO Jensen Huang says quantum computers could eventually help train AI by simulating molecules, proteins and chemical reactions. Those simulations could generate synthetic training data for scientific AI, although the approach is still a future possibility, not a current application. The comments come as Nvidia reports a simulation of a 104-qubit fault-tolerant quantum processor on Germany’s JUPITER supercomputer, using 8,192 GH200 superchips. The simulation tested a method called magic state cultivation, which is reported to reduce the physical qubits needed for error correction by 90%. The result was achieved in simulation, not on a working fault-tolerant quantum computer. Nvidia is developing hybrid quantum-GPU systems and tools such as CUDA-Q. The company’s strategy positions GPUs as infrastructure for designing and testing quantum hardware. Potential applications include drug discovery and materials science, but commercial benefits remain uncertain.

XRP could face further downside if it breaks below the $1.26 support level, according to crypto analyst Ali. The level is seen as the lower boundary of a price channel formed since August. Ali said XRP could first fall to $1.11, with $0.98 as a further downside target—about 22% below $1.26—if whale selling continues. On-chain figures point to possible selling pressure: wallets holding 10 million to 100 million XRP declined from 351 to 339 in recent weeks, while XRP held on exchanges rose by about 50 million, from 11.003 billion to roughly 11.05 billion. These trends may indicate increased potential supply, but do not confirm that holders have sold or will sell. Traders may watch the $1.26 support, exchange balances and whale activity for signs of whether XRP can stabilize.

Nvidia CEO Jensen Huang says China is scaling its AI research workforce faster than other countries, calling it a major competitor to the United States in AI. Speaking at GTC Berlin, he highlighted Chinese strength in researchers, chip production and open AI models, and urged the US to keep attracting global talent and maintain dialogue with China on AI safety. A Carnegie Endowment analysis of authors of NeurIPS 2025 papers found that 57% earned undergraduate degrees at Chinese institutions, up from 46% in 2022. It also found that 41% of the tracked researchers work in China, compared with 34% in the US. The findings support the view that China is gaining ground in AI research and talent retention. Huang has a commercial stake in the debate: US export controls have reduced Nvidia’s reported share of China’s AI GPU market from about 95% to zero, while Huawei has strengthened its domestic position. The competition over AI talent, chips and policy could shape the technology sector’s long-term development.

Western Digital (WDC) has been downgraded to Hold as investors grow more concerned about storage-sector cycle risks and weakening pricing momentum. The company reported a strong fiscal first quarter and issued robust margin guidance, but attention is shifting to the possibility that average selling price growth will slow and long-term agreements will limit pricing leverage. Western Digital’s second-generation heat-assisted magnetic recording (HAMR) technology remains on schedule. However, the company may need faster volume growth to offset revenue normalization as pricing momentum fades. Uncertainty around hyperscaler capital expenditure growth is also weighing on sentiment toward AI-related suppliers. The analyst sees no clear high-conviction signal for a bullish reversal and warns that further valuation pressure could follow.

The US economy entered the fourth quarter with strong momentum, according to S&P Global’s Flash Composite PMI, which rose to 57.6. Manufacturing and services activity reached five-year highs, supported by domestic and export demand. The author says this expansion could help accelerate job growth, even as consumer sentiment remains weak and real consumption strengthens. Inflation remains a concern: input and selling prices rose at their fastest pace since 2022, driven mainly by energy and freight costs. The article recommends a modestly defensive equity stance amid sector rotation. It also forecasts that US stocks could reach new all-time highs by 2027. The strong US economy may support risk appetite, but persistent inflation could influence interest-rate expectations and financial markets.

Crypto traders face a busy week as US macro data, major technology earnings and security incidents shape market sentiment. The Federal Reserve rate decision, US third-quarter GDP and September PCE inflation data are due alongside results from Microsoft, Alphabet and Amazon. Markets will watch interest-rate signals and AI-related capital spending for clues about risk appetite. Crypto security remains a key concern. Keystone said an unauthorised website access incident exposed customer names, contact details, delivery addresses and order information, but not wallet credentials or payment data. Electrum urged users to upgrade after disclosing an actively exploited transaction-signing vulnerability. Separately, attacks on X100 and Initia resulted in reported losses of about $4.85 million in USDT and $2.7 million in assets, respectively. Trading flows also point to volatility. A project-linked wallet deposited 10.5 million WLD to exchanges, while Arthur Hayes transferred ENA and other tokens to trading platforms. Prediction-market trading tied to crypto reached a record $2.7 billion in weekly notional volume. Together, the macro calendar, token flows and security headlines could drive sharp, asset-specific moves and reinforce the importance of risk controls.

Box CEO Aaron Levie says AI agents could give small startups the leverage to compete with much larger companies. Founders may increasingly shift from doing tasks themselves to directing AI agents, making strategy, product judgment and choosing what to build more important. Levie sees opportunities for specialized AI agents across industries and job functions, potentially creating hundreds of billion-dollar companies. He also expects enterprises to benefit substantially from improvements in AI models, while lower AI labor costs could unlock new demand. However, AI agents will not solve the challenge of distribution: building a product does not guarantee customers will come. The comments come from an episode of a16z’s Speedrun Office Hours.

Hyperliquid’s HYPE token traded near $75.47 on October 25, down almost 19% over the past month after retreating from its September high near $98. Futures volume fell 15.16% to $1.40 billion, while open interest edged down to $3.07 billion. A separate snapshot showed that 78.1% of tracked futures positions were long, leaving leveraged traders exposed to liquidations if prices fall. HYPE saw about $2.47 million in net spot exchange outflows. Withdrawals can reduce tokens readily available on exchanges, but do not by themselves confirm buying. Hyperliquid’s fee-funded Assistance Fund has also purchased HYPE, though those buybacks have not stopped the recent decline. Technical signals remain weak: the daily RSI was 34.29 and the MACD stayed negative. Analysts identified $70–$75 as support, with $65 as a further downside level if $75 breaks. Resistance sits near $80, then $85–$90. A sustained move above $80 could signal improving momentum, but HYPE remains vulnerable to further losses while support and bearish momentum indicators are under pressure.

Israeli opposition leader Gadi Eisenkot has warned that Prime Minister Benjamin Netanyahu’s cryptocurrency vision poses a national security threat. Eisenkot also said Netanyahu’s approach could leave Israel internationally isolated and exposed to economic sanctions, damaging the country’s economy and markets. Netanyahu has previously said he is considering using cryptocurrency to circumvent economic sanctions imposed on Israel. No specific crypto assets, policy details or implementation plans were reported. The comments highlight possible geopolitical and regulatory risks for crypto, but do not describe a change to market rules or a direct effect on trading.

A 2026 guide compares five platforms for buying and selling Solana (SOL): Paybis, Switchere, Guardarian, Changelly and Banxa. It assesses payment methods, fees, geographic availability, identity checks, minimum purchases and wallet delivery. Paybis stands out for its $5 minimum, more than 20 payment options and service in over 180 countries, with basic verification for purchases up to $1,000. Switchere focuses on fast card and mobile payments. Guardarian sends SOL directly to personal wallets and may require fewer checks for smaller purchases, but its minimum is about $50. Changelly aggregates third-party providers, so fees and verification vary. Banxa supports local payment methods, though bank transfers can take longer and KYC is required. The guide advises buyers to compare the final SOL amount, fees and payment speed at checkout. Card and e-wallet purchases may arrive within minutes, while bank transfers can take one to three business days. Platform terms and availability vary by region.

An Seeking Alpha contributor warns that Micron Technology (MU) may be approaching a cyclical peak, despite strong share-price gains driven by optimism over AI demand and tight memory-chip supply. The article argues that AI-related demand could extend the current boom but will not grow indefinitely, and memory demand may eventually plateau. Micron’s forward price-to-earnings ratio near 5 is presented as a possible sign of peak-cycle earnings, rather than clear evidence that the stock is undervalued. The author urges caution, noting that memory-chip stocks have historically fallen sharply after periods of strong earnings and bullish sentiment. This is the author’s view, not company guidance or a guaranteed forecast.

Nokia’s AI and cloud business is growing rapidly, but weak free cash flow and margin pressure temper the investment outlook. In Q3 2026, revenue from AI and cloud customers rose 123% year over year to €631 million, making the segment a key source of incremental growth. Telecom still accounted for 71% of Nokia’s revenue. Strong order inflows and growth in Optical and IP networks could support further upside. However, Nokia’s negative free cash flow and pressured margins remain risks. Its valuation of 19.4 times projected 2027 earnings is considered reasonable, but sustained profit growth and better cash generation would be needed to support a higher multiple. The article’s overall rating is Hold.

Prediction markets are increasingly being used as real-time data sources, not just trading venues. Their prices can offer timely probability estimates because traders risk money, prices respond to new information and outcomes can be checked after settlement. Prediction markets are now featured by Google Finance, CNBC, CNN and The Wall Street Journal, while ICE and Tradeweb distribute related data to institutional clients. A Federal Reserve working paper assessed Kalshi forecasts for economic indicators. It found that, in the period studied, Kalshi’s median and modal interest-rate forecasts were accurate on the eve of FOMC decisions, and its headline CPI forecasts outperformed Bloomberg consensus. Rate-market expectations also shifted as economic data emerged and were broadly in line with CME FedWatch. Research cited in the reports finds prediction markets competitive with, and sometimes more accurate than, polls and expert forecasts across elections, economic releases, public health and other events. Tiger Research analyzed 2,681 settled markets on the on-chain platform Limitless. Around 85% were sports-related; in nine of 10 price bands, implied probabilities were within four percentage points of actual outcome frequencies. Thinly traded markets were less reliable. For crypto traders, prediction markets may provide useful signals about macroeconomic expectations and event risks, but the findings are not a direct catalyst for crypto prices. Greater liquidity, regulatory engagement and transparent data remain important to their credibility.

Yapeswap was exploited after a governance proposal passed despite WorkersUnion having a quorum requirement of zero, according to blockchain security firm SlowMist. The attacker reportedly held only about 0.000055% of voting power and used the proposal to transfer YapeFactory’s feeToSetter authority to their own address. They then installed a malicious Registry that made latestVault() return a fake vault while vaults() continued to list the genuine vaults. YapePair counted the misappropriated deposits as farming assets, but users received no redeemable shares. The reported loss was about $21,900. The Yapeswap incident highlights the risk of inadequate governance thresholds and mismatches between smart-contract functions. Traders should monitor any response from the project and assess exposure to its contracts; the reported loss is limited in scale but may weigh on confidence in Yapeswap.