Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Sam Bankman-Fried’s team has released a 14-page document asserting that FTX was never insolvent at its November 2022 collapse, blaming a liquidity crisis triggered by external legal counsel. The filings alternately claim FTX held $136 billion in assets and later state $25 billion in assets with $16 billion in equity against $13 billion in liabilities, and that $8 billion in customer funds never left the exchange. They detail major holdings in AI startup Anthropic, Robinhood stock and crypto assets (SOL, BTC, ETH, SUI, XRP), as well as investments in Ripple and Genesis Digital Assets. The FTX Recovery Trust is suing Genesis to recover $1.15 billion for alleged misappropriation. Crypto analysts dispute these solvency claims, noting creditor repayments are calculated at 2022 valuations, effectively reducing customer returns. The debate has driven a surge in FTT trading volume but failed to restore confidence in FTX or its founder. Traders should monitor ongoing litigation, asset recovery efforts and pardon campaigns for Sam Bankman-Fried, as court rulings and recovered assets could sway market sentiment and FTX-related token prices.

BALZ, a community-driven meme coin on Binance Smart Chain, has raised over $2 million in its Fair-As-F* presale, attracting 40,000 participants. The time-limited presale at a fixed price ends on October 31 (23:59 PDT), ensuring fair access and preventing insider or bot buying. The project’s “rug pull recovery protocol” reallocates capital to compensate and migrate more than 10,000 holders from Solana and Base ecosystems to Binance Smart Chain. BALZ also plans to launch the fastest, most secure trading platform and a no-code launchpad. Its debut aligns with a $19 billion market liquidation in crypto after Bitcoin slid from $126,000 to $105,000, clearing overleveraged positions and resetting funding rates. Binance Smart Chain metrics remain robust, with 3.62 million daily active addresses, $20.5 billion in DEX volume, and a 217% increase in Total Value Locked to $17.1 billion. Traders point to BALZ’s doxxed team, live mainnet, pre-exchange status, and potential CZ endorsement as bullish signals. Market participants should monitor the presale deadline and trading response in the broader Binance Smart Chain ecosystem.

Core Scientific shareholders have rejected the proposed $9 billion all-stock merger with AI cloud provider CoreWeave, citing undervaluation and lack of downside protection. Investors, led by Two Seas Capital and proxy advisers ISS and Glass Lewis, argued the deal undervalued Core Scientific’s bitcoin mining and AI data center assets and exposed shareholders to CoreWeave’s share volatility. The merger would have converted each Core Scientific share into 0.1235 CoreWeave shares. After the vote, Core Scientific shares jumped about 5% to $21.84, while CoreWeave shares fell over 6% to $131. The failed Core Scientific merger deal also ends CoreWeave’s plan to expand AI data center capacity and offset roughly $10 billion in future leasing costs. CoreWeave CEO Michael Intrator said the firms will still collaborate on AI infrastructure. Core Scientific will now focus on standalone growth and may seek alternative partnerships with stronger valuation and governance terms. Crypto traders will watch how Core Scientific’s bitcoin mining performance and AI-optimized data centers drive its long-term value.

Sam Bankman-Fried says FTX was never insolvent and only faced a liquidity crisis. In a 15-page court filing, he claims FTX had $25 billion in assets and $16 billion in equity, enough to cover the $8 billion withdrawal surge. He accuses bankruptcy lawyers and CEO John J. Ray III of misrepresenting FTX finances to force Chapter 11, selling $7 billion in FTT tokens and assets below market value. Critics point to court records and forensic audits showing Alameda Research used a secret backdoor to borrow unlimited customer funds, inflating its balance sheet with FTT and causing an $8 billion shortfall. That gap triggered a liquidity crisis that wiped out $200 billion in crypto market value. Bankman-Fried, convicted of fraud and conspiracy in November 2023, is serving a 25-year sentence and is appealing. Market reaction remains muted, as traders weigh court findings against Bankman-Fried’s claims.

Senator Chris Murphy accused Binance.US of politicizing its USD1 stablecoin listing by adding the Trump-linked token just days after former CEO Changpeng Zhao’s presidential pardon on October 23. He questions whether the pardon influenced the decision and calls the move political corruption. Binance.US defends its independent governance and due diligence, noting USD1 was pre-approved and listed on over 20 major platforms. The exchange insists its stablecoin listing followed routine legal reviews. Meanwhile, Senators Elizabeth Warren and Adam Schiff warn that a $2 billion investment in USD1 could channel up to $1 billion to the Trump family. With CZ considering a legal challenge and calls for stricter crypto oversight growing, traders should monitor regulatory developments, political risk and USD1’s market performance.

US SEC received five altcoin ETF applications in October 2025 amid growing institutional adoption of regulated crypto funds. In Q3 2025, spot ETH ETFs attracted $9.6B in inflows, outpacing BTC ETFs’ $8.7B. This rotation highlights demand for non-Bitcoin ETFs. On-chain data show smart money accumulating UNI, AAVE and LINK ahead of potential altcoin ETF approvals. Issuers aim to replicate Bitcoin and Ethereum ETF success while avoiding unregulated platforms. However, BlackRock’s absence in the first wave could limit inflows; its BTC ETF has raised $28.1B YTD. Traders should track SEC filings and issuer participation for clues to fresh capital flows into top altcoins.

Bank Indonesia announced plans to launch a bond-backed stablecoin tied to its upcoming digital rupiah CBDC. Governor Perry Warjiyo revealed at the Indonesia Digital Finance and Economy Festival that the new stablecoin will be issued as tokenized government securities fully backed by Surat Berharga Negara bonds, aiming to ensure low volatility and bolster national financial stability. The initiative seeks to integrate blockchain into monetary policy, enhancing market transparency, efficiency and liquidity. The Financial Services Authority (OJK) will enforce AML regulations and require regular reporting from stablecoin issuers and traders. Indonesia currently ranks seventh in Chainalysis’s 2025 Global Crypto Adoption Index, reflecting robust retail and DeFi activity. Authorities are also evaluating Bitcoin (BTC) as a potential reserve asset. If successful, the bond-backed stablecoin could position Indonesia as a regional leader in sovereign-backed digital assets.

Ripple’s OCC charter application for a National Trust Bank, filed July 2, entered its final 120-day review on October 31. The OCC will decide whether to approve, deny or extend the Ripple OCC charter, a verdict that could grant federal oversight, enable custody, settlement and payment services, and integrate its RLUSD stablecoin. Amid a potential US government shutdown that may delay or extend the review, investors are watching for public notices from the OCC and statements from Ripple executives. Approval is expected to boost market confidence in XRP, streamline cross-border operations and attract institutional interest, while denial or delay could dampen sentiment. Traders should monitor Ripple’s regulatory filings, OCC updates and emerging partnerships to gauge the charter’s status and anticipate its market impact.

Aster Rocket Launch has quickly become a market sensation, surpassing $1 billion in combined spot and perpetual trading volume within six days. The initial Rocket Launch campaign for APRO’s AT token generated $122 million in spot trades and $933 million in perpetual trades, capturing over 90% of AT perpetual market share. Early participants earned a 500,000 AT loyalty bonus, and both spot and perpetual competitions offered at least 1.5 million AT in rewards. Building on this momentum, Aster Rocket Launch will list Nubila’s NB token in the next seven-day event starting October 31. Traders can compete for a dual reward pool of $200,000 in ASTER plus over 3 million NB tokens for spot markets, and over 3 million NB tokens for perpetual markets. This continuous Aster Rocket Launch model creates a self-reinforcing value loop by pooling project tokens and executing ASTER buybacks, boosting liquidity, engagement, and sustainable ecosystem growth. Leonard, Aster’s CEO, hailed the initiative as an on-chain innovation engine that provides crypto traders with fresh trading opportunities and token incentives.

This crypto price analysis reviews the altcoin market over the past week, highlighting initial rallies followed by a correction. Ethereum (ETH) rallied from a $4,000 support test to a 6% weekly gain, but later dipped 2% to $3,800, eyeing support at $3,345. XRP formed bullish patterns to challenge $2.7 resistance before closing 2% higher, supported around $2.4 as MACD remains positive. Cardano (ADA) climbed 8% to $0.77 support before falling 5% back to $0.60, risking a drop to $0.54. Binance Coin (BNB) rose 8% to $1,100 resistance then slipped 4% within the $1,000–$1,200 range, awaiting a breakout above $1,200. Hyperliquid (HYPE) led early gains with an 18% rise to $46 but stalled around $50 resistance, maintaining bullish momentum if it clears this level. Traders should watch key support and resistance levels as the altcoin market exhibits mixed signals and volatile swings.

Tiger Research raised its Q4 2025 Bitcoin price target to $200,000, citing robust institutional inflows and stable ETF net flows. The report notes $7.8 billion in Q3 ETF inflows and $3.2 billion in early October. Strategy Inc. acquired 388 BTC, underscoring institutional demand. On-chain metrics remain healthy: MVRV-Z at 2.31 and adjusted SOPR at 1.03, while large transfers boost volumes. Bitcoin hit a record $126,210 on October 6 before a US-China trade-driven dip to $104,000. Institutions seized the pullback. Using a TVM model, Tiger sets a neutral base at $154,000, applies a –2% fundamental adjustment and a +35% macro boost—anchored by M2 supply over $96 trillion and Fed rate cuts to 4.00–4.25%—to reach the Bitcoin price target. Short-term consolidation is seen as healthy ahead of further Fed rate cuts.

MicroStrategy CEO Michael Saylor ruled out mergers and acquisitions of rival Bitcoin treasury firms during the Q3 2025 earnings call, citing operational uncertainties and due diligence delays of six to twelve months that can erode deal value. Instead, MicroStrategy remains focused on organic growth—issuing digital bonds, strengthening its balance sheet, and accumulating Bitcoin—continuing to hold 640,808 BTC, the largest among public companies. CFO Phong Le added that software-led acquisitions often carry unknown liabilities, reinforcing the company’s preference for internal expansion. S&P Global Ratings recently assigned MicroStrategy a B- credit rating with a stable outlook, deducting points for its Bitcoin holdings. Saylor suggested that reclassifying BTC as a capital asset could improve future credit profiles. Experts say this disciplined approach supports MicroStrategy’s long-term position in the Bitcoin market while avoiding additional volatility.

Thai and Chinese authorities arrested Liang Ai-Bing in Bangkok for allegedly running the FINTOCH crypto Ponzi scheme that defrauded nearly 100 investors of over ¥100 million (~$14 million) via fake mobile apps and bogus bank affiliations between December 2022 and May 2023. The crypto Ponzi scheme exit-scammed with 31.6 million USDT. Police seized the USDT, uncovered an illegal Beretta pistol and ammunition at his three-storey rented home, and charged him with illegal firearm possession and unlawful entry. Four accomplices—Al Qing-Hua, Wu Jiang-Yan, Tang Zhen-Que, and co-founder Zuo Lai-Jun—handled platform development, promotion, and marketing; Zuo was briefly detained and released on bail, while the others fled abroad. The case underscores challenges in cross-border asset recovery and highlights the need for investor vigilance and stronger international cooperation to counter rising crypto fraud.

Solana ETF debut on US exchanges saw Bitwise’s Solana Staking ETF (BSOL) attract over $116M in net inflows and $72M in second-day trading volume, accounting for more than 90% of Solana ETF investments. Grayscale’s SOL ETF (GSOL) followed with modest flows, as combined AUM topped $430M and aggregate volume approached $80M. Despite strong institutional demand and up to 7% staking yield, SOL’s price peaked at $201.42 on launch before stabilizing near $195, reflecting short-term consolidation amid FOMC-driven de-risking. Technically, SOL trades between $188 and $204, with key resistance at $200–$207 and support at $188–$193; a decisive close above $200 could trigger a rally toward $210–$225, while a fall below $188 may retest $180. Fidelity’s removal of an SEC delaying amendment paves the way for automatic Solana ETF approval in 20 days, and upcoming launches from Canary, VanEck and 21Shares may inject fresh capital, echoing the momentum seen in earlier Bitcoin and Ethereum ETF rollouts.

RWA tokenization is evolving beyond simple asset digitization to become an institutional pillar of blockchain finance. Industry leaders are deploying on-chain KYC/AML, identity management, and custody and settlement layers to support compliant token issuance of real-world assets. Recent regulatory moves are driving clarity. The US GENIUS Act outlines stablecoin and asset-backed token rules, while the EU’s MiCA framework enters phased implementation in 2025. In Asia, Singapore’s Project Guardian pilots bond and fund tokenization with major banks, and Japan and Hong Kong have released security token guidelines. Market demand surges as the stablecoin market expands from $260 billion to over $2.6 trillion. This growth underscores appetite for regulated, programmable, and divisible digital assets. As RWA tokenization infrastructure matures and institutional adoption increases, traders can expect enhanced liquidity, reduced settlement times, and a gateway to multi-trillion-dollar opportunities in regulated blockchain finance.

Riot Platforms reported a record Q3 revenue of $180.2 million, up 112.5% year-on-year, and achieved net income of $104.5 million versus a $154.4 million loss in Q3 2022. Bitcoin mining output rose 27% to 1,406 BTC, boosting its holdings to 19,287 BTC. While mining accounted for 90% of revenue, Riot is pivoting from pure Bitcoin mining to “megawatt monetization” by converting idle power into AI infrastructure. The company has begun core and shell work on two 112 MW data halls at its Corsicana, Texas site, laying the groundwork for a 1 GW AI data center campus. CEO Jason Les and VP Josh Kane emphasize that mining serves to secure power and cash flow to fund the data center build-out. Riot will reinvest mining-generated cash flow into high-performance AI facilities, aiming to maximize the value of its power portfolio and diversify its revenue streams.

KindlyMD shares plunged 55% to $1.24 after CEO David Bailey warned short-term traders to exit amid rising market volatility. The healthcare firm-turned-Bitcoin holder disclosed a $200 million PIPE share sale at a discount, which may fuel further swings. Shares fell below the net asset value of its 5,765 BTC holdings, valued at $665 million, while market cap dropped to $466 million. Since May, shares have collapsed nearly 98% following a $563 million PIPE deal that sparked dilution fears and a massive sell-off. Despite merging with Nakamoto Holdings to hold about $653 million in Bitcoin, underlying assets failed to stem the freefall. Traders should note that high-profile capital raises often drive short-term volatility, outweighing firm NAV. Key watch points include how KindlyMD allocates PIPE funds to biotech operations, any adjustments to its Bitcoin strategy, and efforts to rebuild investor confidence.

Bangko Sentral ng Pilipinas (BSP) has extended its VASP moratorium for a third consecutive year. In an August 20, 2025 memorandum, the central bank cited consumer protection, financial integrity and rising cybercrime risks as reasons to keep the VASP moratorium in place from September 1 pending a global and local reassessment. Only existing BSP-supervised institutions, such as high-rated banks, may still apply for new VASP licenses under stricter requirements. The BSP also issued an advisory warning Filipinos to verify VASP registrations on its website and report unlicensed operators. The extension drew sharp criticism from the crypto community on BitPinas’s Facebook page. Traders called the moratorium anti-competitive, protectionist and monopolistic. They argued it favors domestic exchanges, undermines foreign platforms and could stifle competition, reduce liquidity and hamper market innovation. Critics also highlighted high fees and downtime on local exchanges and urged the BSP to raise service standards before barring international operators. A minority of community members recommended restraint and due diligence.

Little Pepe presale nears full sell-out across 13 funding stages, with 96% of the 17.25 billion tokens sold at $0.0022. Investors have raised over $27 million, attracted by its locked liquidity, no transaction tax, fixed supply and CertiK-audited codebase. Listed on CoinMarketCap and supported by community campaigns including a $777K giveaway, Little Pepe offers a $0.01 entry and short-term ROI of 36.4%, with analysts predicting up to 21,373% gains by end-2026. Meanwhile, Solana (SOL) faces resistance near $295–$300, limiting its upside despite ETF inflows and the Firedancer upgrade. Traders seeking high-risk/reward setups may favor Little Pepe’s transparent tokenomics and low entry point over Solana’s established stability and modest 2× potential. The presale’s rapid sales suggest strong demand, positioning Little Pepe as a key speculative catalyst in the next crypto bull run.

Binance delisting of FLM, KDA and PERP follows a comprehensive review of development quality, liquidity, trading volume, network security and regulatory compliance. Spot trading pairs for these tokens will be removed on Nov 12, 2025, at 03:00 UTC. Deposits halt on Nov 13, and withdrawals remain open until Jan 12, 2026, after which remaining balances may convert to stablecoins. All open orders and trading bots for FLM, KDA and PERP will be cancelled, and copy trading positions will be force-sold or transferred on Nov 5. Past Binance delistings have triggered 15–20% price drops as liquidity dries up, prompting traders to shift assets to other exchanges or DeFi platforms. Crypto traders should withdraw or relocate their FLM, KDA and PERP holdings ahead of key deadlines to avoid forced conversions and potential losses.

Binance Wallet now integrates Bubblemaps’ on-chain analytics to enhance transparency and risk management. The new feature offers interactive bubble charts for visualizing token distribution and wallet clusters in real time. It includes a Time Travel tool for historical on-chain analytics, letting traders trace past token movements and uncover coordinated manipulations in tokens like MELANIA, LIBRA, NEIRO and DADDY. By embedding advanced on-chain analytics directly into its non-custodial Web3 interface, Binance Wallet helps traders spot unusual clustering and mitigate pump-and-dump risks.

Ethereum’s daily transaction count surpassed 1.6 million for the first time since last October, even as Ethereum gas fees remain near historic lows at just 0.16 gwei (≈$0.01). According to Milkroad, token swaps average $0.15 and NFT sales $0.27. Active addresses reached a monthly high of 695,872, per Nansen data. The March Dencun and May Pectra upgrades doubled Layer 2 capacity and cut L2 fees by about 50%, shifting more traffic off the mainnet and slashing transaction costs by 95% over the past year. Lower Ethereum gas fees and higher throughput support DeFi growth, broaden adoption and help traders execute smart contracts, swaps and NFT trades at minimal cost.

The European Central Bank is targeting a 2029 launch for its digital euro, pending agreed EU legislation. Officials will complete this month’s preparatory phase and accelerate planning. A committee meeting in Italy will aim to finalise draft rules by 2026. The digital euro project has been under study since 2020 and entered its formal CBDC preparation stage in late 2023. ECB board member Piero Cipollone says the digital euro will guarantee universal, free digital payments, even during crises like cyberattacks or war. Globally, only three CBDCs—Nigeria’s eNaira, the Bahamas’ Sand Dollar and Jamaica’s Jam-Dex—have fully launched. Another 49 jurisdictions remain in pilot. Proponents cite gains in payment efficiency and financial inclusion. Critics raise privacy and overreach concerns. Crypto traders should watch EU legislation and the digital euro timeline as they could shape the CBDC environment and regulatory stance, affecting the broader digital asset sector.

After the Federal Reserve cut rates by 25 basis points and confirmed the end of quantitative tightening, Bitcoin (BTC) slid to $109,200 from an early-week peak of $116,400. The Fed’s dot plot forecasts three additional cuts in 2025, and Goldman Sachs predicts two more 25bp cuts by mid-2026, bringing the funds rate to 3.0–3.25%. Crypto analysis from Hyblock notes a common pattern of Bitcoin dipping after FOMC decisions before rebounding, with order-book buy pressure signalling entry points. Traders now focus on broader headwinds—rising U.S. layoffs, inflation trends, AI sector risks and potential tariff shifts—while awaiting further direction from Fed Chair Jerome Powell’s press conference. The end of quantitative tightening on December 1 could inject fresh liquidity, potentially increasing crypto volatility and trading opportunities.

Ondo Finance has expanded its Ondo Global Markets platform to BNB Chain, enabling investors to trade over 100 tokenized stocks and ETFs 24/7 with blockchain-based settlement. Since debuting on Ethereum in September, the platform recorded $350 million in TVL and $669 million in on-chain volume, helping Ondo reach $1.83 billion in total tokenized assets, led by US Treasuries and public equities. With BNB Chain’s 3.4 million daily users, this DeFi integration offers a fast, low-cost, interoperable environment for tokenized stocks and other securities. CEO Nathan Allman said the cross-chain strategy enhances liquidity and visibility across the tokenization ecosystem. Ondo’s growth roadmap includes partnerships on real-world assets (RWAs), the acquisitions of regulated broker Oasis Pro and blockchain firm Strangelove, and plans for a new Layer-1 blockchain to bridge traditional finance and DeFi. Meanwhile, the ONDO token trades around $0.73, reflecting broader market caution ahead of the US Federal Reserve’s rate decision.

Technical analysis shows XRP is poised to rally toward $3. A bull flag breakout above $2.63 on the four-hour chart and an inverse head-and-shoulders pattern target a $2.97–$3.02 price objective. Exchange outflows have driven XRP reserves on platforms down to a five-year low of 2.57 billion tokens, underscoring strong demand. On-chain 90-day cumulative volume delta (CVD) data confirms buy-side dominance. Institutional and whale accumulation adds further bullish pressure. Traders should watch the $2.63 resistance and a decisive close above it to confirm the next leg of the XRP price rally.

The Ethereum breakout above $4,000 marks the end of a four-year consolidation and underscores renewed institutional interest. A further break above $4,400 could trigger a rally to $8,000–$10,000. Institutional inflows via spot ETH ETFs topped $1.02 billion on August 11 and added $246 million on October 28, including $76.4 million into BlackRock’s iShares Ethereum Trust. Technical analysis shows a triangular accumulation pattern with higher lows, while derivatives activity surged 46% to $1.63 billion in options volume and a long-to-short ratio of 2.57, signaling bullish trader sentiment. On-chain metrics remain supportive: Ethereum’s total value locked nears $87 billion, over 30% of supply is staked, and layer-2 upgrades have cut fees by up to 90%. Whale wallets added 120,000 ETH in October. Funding rates have turned positive and Bitcoin’s recent highs suggest capital rotation could fuel an altcoin upswing. These developments reinforce the Ethereum breakout thesis, suggesting that supply tightening and bullish momentum could sustain the rally into year-end. A sustained close above $4,400 may confirm the bullish trend and pave the way to new multi-year highs.

Brett Harrison, former president of FTX US, has founded Architect Financial Technologies after securing regulatory approval in Bermuda. The firm plans to offer crypto-style perpetual futures on traditional assets such as stocks, indices, commodities, foreign currencies and interest rates. Perpetual futures are leveraged, no-expiry contracts that use a funding-rate mechanism to track spot prices. This instrument powered crypto trading volumes from $35 billion in 2018 to $6.4 trillion in 2025. While FTX US never listed perps, FTX Global and BitMEX once offered up to 100× leverage before collapsing in November 2022 amid a liquidity crisis. Perpetual futures remain high-risk derivatives under close scrutiny: the US CFTC issued warnings in 2023 over weak safeguards and experts warn that excessive margin can trigger heavy liquidations. Despite risks, Binance, OKX, Bybit and Bitget continue to dominate the perpetual futures market. Architect’s move bridges crypto derivatives and traditional finance, creating fresh opportunities—and elevated risks—for traders.

Nordic crypto exchange Safello, in partnership with Deutsche Digital Assets (DDA), will debut the Safello Bittensor Staking ETP (STAO) on the SIX Swiss Exchange on November 19. The product, with a 1.49% management fee, holds TAO tokens in cold storage and automatically reinvests staking rewards into its net asset value. This Bittensor ETP offers regulated exposure to Bittensor’s decentralized AI network, which rewards developers, miners and validators in TAO. The launch marks DDA’s push to become a leading crypto ETP issuer and white-label partner and follows a wave of new crypto ETPs, including Solana, Litecoin and Hedera funds. TAO’s price fell over 4% in the 24 hours before the announcement, making market watchers cautious as the Bittensor ETP trading commences.