Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

MicroStrategy’s October Bitcoin purchases tumbled to just 778 BTC—a 78% drop from September’s 3,526 BTC. Last week alone, the firm bought 390 BTC for $43.3 million at an average price of $111,117 per coin. This brings its holdings to 640,808 BTC acquired for $47.4 billion at an average cost of $74,032 each. CryptoQuant analysts attribute the slowdown to funding constraints: the premium on MicroStrategy stock plunged from 208% to 4%, limiting new capital. Despite this, the company has invested $19.53 billion in Bitcoin so far this year and aims to exceed last year’s $21.76 billion record. Meanwhile, MSTR shares have slid from a July peak near $456 to below $280. Traders will watch if MicroStrategy can ramp up accumulation into 2025—and how that may influence Bitcoin’s market.

Asia’s first Solana spot ETF launched on the Hong Kong Stock Exchange on October 27. The fund (tickers: 3460/83460/9460) raised HK$21.29 million in initial capital (≈13,461 SOL) and recorded HK$11.39 million in trading volume on debut. As Hong Kong’s third crypto spot ETF after Bitcoin and Ethereum, the Solana spot ETF offers direct SOL exposure via regulated cash and in-kind subscriptions with a 0.99% management fee. The ETF underlines growing institutional adoption of altcoins. Solana’s high throughput (65,000 TPS) and low fees cater to DeFi and asset tokenisation needs. Wealth managers and family offices gain a familiar venue, boosting market depth and price stability. Hong Kong’s progressive regulatory stance strengthens its role as Asia’s crypto hub and advances broader crypto financialisation.

Zcash has soared over 530% in the past month, reaching around $370, its highest level since December 2021. A bullish flag pattern on the 4-hour chart suggests a potential 25% rally if ZEC holds above $245. Traders should watch support at $244–$237 and the 20-period EMA for pullbacks, with a risk of a short-term dip to $210 given an RSI above 90. Immediate resistance lies at $437 and a higher barrier at $570, offering up to 30% upside. With the 2026 halving set to reduce supply, market sentiment is positive. Investors are eyeing a return to the original listing price, using momentum signals and support builds for entry and exit. Dips near $200–$230 remain key buy zones.

Binance CEO Changpeng Zhao secured a full presidential pardon from Donald Trump after a renewed lobbying campaign. The firm resumed lobbying under Trump, spending over $7.1 million to seek executive relief from the White House and Treasury. In September 2024, Binance paid $450,000 to Trump-linked Checkmate Government Relations and $290,000 to crypto lawyer Teresa Goody Guillén in February. Zhao served a four-month sentence for violating U.S. anti-money laundering laws after Binance’s 2023 DOJ plea deal. Critics such as Rep. Maxine Waters condemned the pardon as a favor to crypto criminals. Trump defended his decision, calling Zhao a victim of partisan persecution. The pardon cuts Binance’s regulatory risk and may boost market stability and trader confidence.

SharpLink Gaming purchased 19,271 ETH from a FalconX wallet, raising its Ethereum reserves to 859,000 ETH (≈$3.6 billion) and making it the second-largest corporate holder after BitMine Immersion Technologies (3.24 million ETH). Combined corporate Ethereum reserves now stand at 5.98 million ETH (≈5% of circulating supply). Since June, SharpLink’s staking strategy has generated 5,671 ETH in rewards (≈$23.3 million) and over $900 million in unrealized gains. Despite macro pressures like proposed U.S. tariffs on Chinese imports, Ethereum has gained 5% over the past 24 hours and month. This trend underscores growing institutional investment, tightens market supply, and highlights the appeal of staking rewards. Traders should monitor on-chain metrics and corporate reserve trends for market signals.

Ant Group filed trademark applications in June with Hong Kong’s Intellectual Property Department for ’ANTCOIN’, covering stablecoin issuance, digital wallets, online payments, foreign exchange and token services. This stablecoin trademark bid safeguards the brand and counters counterfeit token risks ahead of potential digital asset launches. The move comes after Beijing reportedly ordered tech firms in October to pause stablecoin work. It also aligns with Ant’s recent blockchain pilots—USDC cross-border payments via Alipay+ in partnership with Circle and an energy asset tokenization platform in China. Leveraging Hong Kong’s progressive virtual asset regulations, Ant Group positions itself for eventual stablecoin service rollout once conditions improve. Traders should watch the trademark approval and regulatory updates as indicators of Ant Group’s crypto market re-entry and growth potential.

KOSDAQ-listed Bitplanet has launched a regulated Bitcoin reserve strategy with a daily accumulation plan, purchasing 93 BTC on October 20 and 26 as its first fully regulated buys under Financial Services Commission oversight. The company aims to build a 10,000 BTC treasury backed by a $40 million budget announced at Bitcoin Asia 2025. Co-CEO Paul Lee said Bitplanet strengthened corporate governance, risk controls and full disclosure via a regulated platform to ensure transparency. The rebranded firm—from SGA Co. to Bitplanet under Metaplanet CEO Simon Gerovich—accumulated Bitcoin over two weeks in anticipation of South Korea’s 2027 Digital Asset Basic Act. The Bitcoin reserve strategy arrives as BTC trades around $115,200, up 6.7% weekly on ETF inflows exceeding $600 million and renewed Fed rate-cut expectations. This move may bolster market confidence in corporate crypto adoption and signal further institutional demand.

The NOF1 Alpha Arena AI crypto trading competition on Hyperliquid launched October 17 and runs until November 3. Six leading AI models—DeepSeek Chat V3.1, xAI’s Grok 4, Anthropic’s Claude Sonnet 4.5, Alibaba’s Qwen3 Max, Google’s Gemini 2.5 Pro and OpenAI’s GPT-5—each deploy $10,000 to trade BTC, ETH, SOL, XRP, DOGE and BNB perpetual futures. Early results show DeepSeek leading with a 25.3% gain ($11,129 by October 22) using 10–15× long leverage, while Qwen3 Max briefly surged by concentrating on BTC before a drawdown on ETH triggered by 25× leverage. Gemini’s high-frequency strategy (44 trades) and GPT-5’s conservative reasoning underperformed, trailing near 40–58% losses, and Claude Sonnet 4.5 exercised caution with only three trades. Polymarket odds favor OpenAI as the likely biggest loser (50%) and Google second (45%). All models are currently net long, highlighting divergent risk profiles and the reflexivity risk of copy trading. This AI crypto trading competition offers critical insights into quantitative algorithmic trading ahead of the November 3 finale, underlining that data-driven models can outperform pure language-based AI in volatile markets.

Mt. Gox has secured court approval to extend its Bitcoin repayment deadline to October 31, 2026. The move follows earlier delays from the original October 2023 due date to 2025. The extension aims to resolve outstanding KYC and documentation issues and fix technical glitches like double deposits. Since July 2024, the trustee has repaid 142,000 BTC and 143,000 BCH to 19,500 creditors via Kraken and Bitstamp. On-chain data from Arkham shows about 34,000 BTC, valued at $4 billion, remain in Mt. Gox wallets. To limit market impact, repayments will be released in phased, over-the-counter transactions, reducing sell pressure and giving creditors time to complete verification. The structured approach may help stabilise Bitcoin prices as the exchange finalises its long-running bankruptcy settlement.

Gate has launched the 4th Red Bull Trading Tour from October 27 to November 28 (UTC+8), inviting users to join spot trading and futures trading contests with no entry requirements. The Red Bull Trading Tour offers a 20,000 GT prize pool, with the top trader winning a VIP F1 Grand Prix seat worth over $10,000 and a limited-edition racing model. New users receive a 50 USDT position voucher, and daily sharing tasks unlock extra rewards. This spot trading and futures trading competition boosts trading volume and engagement on Gate while showcasing GT’s utility in high-stakes events.

Early Warning Services, Zelle’s operator, will debut a stablecoins-powered cross-border payments service in Q3 2024. Partnering with major banks and digital asset platforms, it will initially support US–Mexico corridors using USDC and USDT. By leveraging stablecoins on blockchain rails, the solution cuts settlement times from days to seconds and lowers fees, challenging SWIFT and traditional remittance services. Traders should monitor rising stablecoins demand and shifts in trading volumes as Zelle integrates digital assets into its network, marking a key step toward mainstream crypto adoption.

In October 2025, the Madras High Court held that XRP qualifies as legal property and blocked WazirX’s plan to redistribute user holdings after the July 2024 hack that stole $234 million. The court’s XRP property ruling establishes that tokens purchased before the breach remain protected under the exchange’s custodial duty and confirms assets on exchanges are client property held in trust. With 95.7% creditor approval, WazirX has resumed operations, though users have recovered only 30% of assets. By defining XRP as property, the decision strengthens legal recourse for investors, sets a key precedent for India’s crypto regulation and obliges exchanges to enhance security protocols, update terms of service and adopt clear loss-recovery strategies. For traders, this XRP property ruling may boost confidence in regulated custody practices and market stability.

Japan has launched JPYC, the first global yen stablecoin approved by the FSA. The yen stablecoin is pegged 1:1 to the Japanese yen, fully backed by domestic deposits and Japanese government bonds (JGBs), offering fee-free transactions while earning over 3% interest on JGB reserves. Unlike onshore-only tokens, JPYC can circulate offshore, diversifying stablecoin liquidity. The launch opens the door for a decentralized USD/JPY on-chain market and could support Asian crypto settlement, DeFi and tokenized asset growth. Upcoming bank-issued yen tokens from Mitsubishi UFJ, Sumitomo Mitsui and Mizuho may further boost adoption. Market demand remains to be seen, but JPYC’s regulatory clarity and global reach position it as a key player in a multi-currency stablecoin ecosystem.

The US ISM Manufacturing PMI has remained below the 50 threshold for seven consecutive months, signaling ongoing contraction and macroeconomic headwinds in manufacturing. Historically, peaks in the ISM Manufacturing PMI have coincided with Bitcoin market cycle highs. The sustained PMI weakness suggests this Bitcoin cycle may extend beyond the usual four-year halving timeline, potentially delaying peak prices until late 2025 or later. Although September’s PMI report showed a slight uptick, rising input prices and continued export and import declines underscore uneven recovery amid high tariffs and trade uncertainty. Traders should track any sustained PMI rebound above 50 as a possible catalyst for renewed Bitcoin momentum. Meanwhile, persistent manufacturing softness is likely to prolong volatility and encourage data-driven, wait-and-see strategies.

Crypto project Pudgy Penguins has announced an NFT collaboration with DreamWorks Animation’s Kung Fu Panda franchise. Teased via an X post, the partnership will integrate Pudgy Penguins’ digital characters into the Kung Fu Panda universe, marking a move beyond digital collectibles into mainstream entertainment. Aimed at evolving into a cross-industry IP company, Pudgy Penguins plans to expand into TV, film, gaming and merchandise. The project seeks to deepen community engagement by positioning NFT holders as co-creators and to generate new licensing revenue. This collaboration serves as a test case for Web3 IP integration in Hollywood. Market observers expect it to boost secondary market demand and diversify revenue streams, though challenges remain in maintaining brand integrity and meeting community expectations.

Ayandeh Bank bankruptcy was declared after the private lender posted $5.1 billion in losses and $3 billion in debts. Operating 270 branches across Iran, Ayandeh served over 42 million customers whose deposits are now overseen by state-owned Bank Melli. This Ayandeh Bank bankruptcy highlights systemic risks in Iran’s fractional-reserve banking model and echoes historic triggers for crypto adoption. Bitcoin’s 2009 genesis block referenced the 2008 bank bailouts, and the 2023 US regional bank crisis drove Bitcoin from below $20,000 to over $29,000. Continued banking stress in Iran—compounded by international sanctions, rial devaluation, and liquidity shortages—could spur further crypto demand. The Central Bank of Iran warns eight more banks face potential collapse without reforms. Meanwhile, a June hack on local exchange Nobitex drained $81 million and caused an 11% drop in crypto flows. Traders may view these developments as a catalyst for shifting assets from unstable banks into Bitcoin and other cryptocurrencies.

An on-chain analytics report shows a major Bitcoin whale has racked up over $31M in losses across multiple leveraged short positions. The Bitcoin whale’s fourth consecutive short on Hyperliquid was $28M underwater on October 5, prompting a $15M USDC margin injection that lifted its liquidation price to $130,700. On October 27, the whale placed a new 40× leveraged short, now showing an unrealized loss of $3.245M with its limit order just $2,000 above a $116,914.80 liquidation price. This narrow margin heightens forced liquidation risk and could spark a short squeeze. Traders should monitor open interest and funding rates for early indicators of volatility and potential price rebounds.

The Solana Alpenglow upgrade, slated for late 2025 or early 2026, will cut validator fees by slashing vote costs—which today account for about $4,000 of the $5,000 monthly node expense—to lower barriers for new operators and boost decentralization. The update also enhances network performance with increased bandwidth, reduced latency, and optimized block pipelining while adding measures to curb malicious MEV activity. Although higher hardware requirements may apply, the upgrade is expected to accelerate throughput and attract more individual validators. Liquid staking protocol Marinade Finance anticipates significant benefits from a more accessible validator ecosystem, supporting broader SOL staking. Overall, the Alpenglow upgrade presents bullish prospects for Solana’s growth, security, and high-speed capacity.

Polymarket shows a 98% probability of a 25bps Fed rate cut at the Oct. 29 meeting, with only 1% odds of a larger cut or no change. Trading volume behind the 25bps Fed rate cut bet has surged amid weak private sector jobs data and US government shutdown risks. Evercore ISI cites delayed data and growth headwinds as factors reinforcing expectations of consecutive cuts before year-end. Bank of America Securities also forecasts that the Fed may halt balance sheet runoff alongside a 25bps cut. Crypto traders should monitor these developments for potential liquidity boosts and rallies in risk assets, including major cryptocurrencies.

According to a UN Multilateral Sanctions Monitoring Team report, North Korea crypto theft has reached $2.84B since January 2024. This North Korea crypto theft includes $1.65B stolen by state-sponsored hackers through September 2024, notably a $1.4B Bybit hack in February and $1.2B from other cryptocurrency thefts. Laundered funds in stablecoins have financed Pyongyang’s ballistic missile and WMD programs. The report also reveals the deployment of 1,000–1,500 IT workers in China and plans to send up to 40,000 to Russia, in clear violation of UN sanctions. Chainalysis experts detail growing global countermeasures, including OFAC sanctions on DPRK IT networks and the recovery of tens of millions of dollars from hacks. Enhanced blockchain monitoring, rigorous AML protocols and real-time threat detection are now critical for protecting digital assets. Crypto traders should reinforce exchange security, tighten due diligence on international hires and stay aligned with UN sanctions monitoring to mitigate this escalating cybersecurity risk in the crypto market.

On October 26, a dormant Dogecoin whale reactivated by moving 15.115 million DOGE (≈$2.95 million) from Binance to a private wallet after 11 months of inactivity. On-chain analytics spotted the transfer and a quick swap of 7,473 DOGE for USDT to test market depth. The address now holds 15.19 million DOGE off exchanges, tightening DOGE supply. This Dogecoin whale move drove DOGE price from $0.197 to $0.201 before consolidating near $0.20 resistance. Crypto traders should monitor whale moves, as large off-exchange withdrawals often signal accumulation or distribution and can trigger short-term volatility and longer-term sentiment shifts.

After the 2024 halving, Bitcoin miners like Cipher Mining, Bitdeer and HIVE Digital have doubled their realized hashrate year-on-year to 326 EH/s, representing nearly one-third of total network power. These Bitcoin miners have boosted infrastructure and expanded operations to capture greater market share. Meanwhile, sector debt surged to $12.7 billion from $2.1 billion as firms invest in next-generation rigs and pivot into AI and high-performance computing hosting to secure stable, multi-year cash flows. Realized hashrate, a key metric of mining efficiency and revenue potential, remains in focus ahead of third-quarter earnings. The combined hashrate expansion and rising mining debt underline a competitive push to scale capacity or risk losing ground to better-financed rivals.

Hyperliquid is a leading on-chain order-book perpetual DEX facing intensifying competition from new perp DEX entrants Aster, Lighter and EdgeX. In late September, Aster hit $42.8 billion and Lighter reached $5.7 billion in single-day volume, compared with Hyperliquid’s $4.6 billion. Yet Hyperliquid still leads in monthly volume (near $300 billion), open interest and active users. New entrants rely on token incentives, airdrops and yield farming to attract mercenary liquidity. Binance has added strategic pressure by launching the JELLYJELLY perpetual contract and backing Aster on BNB Chain. Hyperliquid’s sticky liquidity stems from its HIP-3 upgrade, native USDH stablecoin, HYPE token and the upcoming HyperEVM ecosystem. Season 3 incentives, USDH auctions and a revenue-sharing model will further strengthen its moat. Traders should monitor liquidity shifts and short-term volatility. But Hyperliquid’s deep infrastructure and strong fundamentals position it to maintain long-term leadership in the perp DEX space.

Binance has launched a national stablecoin on BNB Chain and added BNB to the Kyrgyzstan crypto reserve. The central bank digital currency (CBDC) for government payments is ready for rollout, alongside a nine-month pilot national blockchain platform. Binance also released a Kyrgyz-language app, offered law enforcement training, and started Binance Academy partnerships with ten universities. A Bishkek community meetup drew over 1 000 participants, while a collaboration with EthSign boosts transaction security. These Kyrgyzstan crypto initiatives aim to position the country as a Central Asian blockchain hub, enhance BNB utility and drive demand.

BNB surged over 3% to reach $1,133 after U.S. President Trump pardoned Binance founder Changpeng Zhao. Trading volume jumped 35%, underpinning a 1.07% gain in 24 hours. Support held near $1,124, while resistance sits at $1,140–$1,143. Technical indicators formed a golden cross as the 9-day moving average crossed above the 26-day average. This bullish signal could push BNB toward its all-time high of $1,370 if volume picks up. A break above $1,150 may target $1,500; failure could retrace to $1,078. Institutional demand is rising. Franklin Templeton’s tokenized securities and new Binance partnerships expand BNB’s utility beyond an exchange token. Other majors, including BTC, ETH, and SOL, also climbed as Bitcoin held above $110,000. Crypto traders should watch U.S. election outcomes, interest rates and regulatory shifts. Short-term corrections are possible, but the CZ pardon has strengthened BNB’s bullish outlook.

Ledger has rolled out a new multisignature interface in its Ledger Live app. The update imposes Ledger Multisig Fees consisting of a flat $10 charge per transaction and a 0.05% fee on token transfers, on top of blockchain gas costs. Many users and Ethereum developers, including pcaversaccio, slammed the fee model as a “cash grab” that risks centralizing custody and raising costs. Ledger CEO Charles Guillemet later clarified that a typo in the documentation sparked confusion. The fees fund ongoing development. Meanwhile, legacy open-source multisig solutions on Bitcoin and Ethereum remain free. Market participants must note that Ledger Multisig Fees position the service as a premium option for institutional and high-net-worth clients. On-device security stays robust against hacks. However, Kaspersky warns that phishing and social-engineering attacks remain a threat that fees cannot prevent. With over 7.5 million devices sold securing about 20% of global crypto value, traders should weigh enhanced multi-signature security against added transaction costs. Cost-sensitive users may prefer free open-source alternatives, especially in volatile markets.

HYPE token jumped over 13% to trade near $40 after its listing on Robinhood and Hyperliquid’s S-1 filing aiming for a $1 billion public offering. The token broke out of a multi-week falling wedge, climbing above its 200-day EMA and key 9-day EMA at $38. A bullish MACD crossover and rising volume confirm renewed buying interest. Support now sits at $38–$40 on any pullback. Analysts forecast a potential 40% rally to $56.50 or targets as high as $100, citing the upper trendline of previous channels. Bearish invalidation lies below the 200-day EMA, with possible declines to $32 or deeper to $20. Traders should monitor EMA levels closely as catalysts like increased liquidity and market interest from the Robinhood listing and S-1 filing drive momentum.

MAGACOIN FINANCE has completed dual smart contract audits with Hashex and Certik, confirming its presale contracts are secure and free of critical vulnerabilities. The Hashex audit found no backdoors or admin overrides, while Certik assessed governance mechanisms and stress-tested the code. Analysts call this the safest crypto presale of 2025, forecasting potential 100x gains at listing. MAGACOIN FINANCE launched a presale with a fixed supply of 170 billion tokens and a deflationary burn mechanism. Over 16,500 wallets have joined through official channels. Liquidity is locked, and wallet allocations are fully transparent on-chain, enhancing investor confidence. The project roadmap includes multi-exchange listings, staking rewards, and strategic partnerships to support long-term growth. The comprehensive dual smart contract audit and fair-stage pricing create a new standard for secure, high-potential crypto presales. Traders can review full audit reports on Hashex.org and Certik.com and participate via the official MAGACOIN FINANCE website.

On-chain data reveals intensified ETH accumulation as major whale addresses withdrew a combined 431,000 ETH (~$1.75 billion) from top exchanges (Kraken, Binance, OKX) over recent days, while mid-tier whales (holding 100–10,000 ETH) rebought approximately 226,000 ETH, replenishing one-sixth of earlier sell-offs. These large-scale withdrawals and buybacks coincide with Ether’s rebound above $3,900, suggesting strong confidence among institutional and high-net-worth investors. Additional indicators show stablecoin transfer volumes surged 400% to $581 billion in the last 30 days, underpinning robust network activity. Conversely, Ethereum spot ETFs recorded $93.6 million in outflows on October 24 for a third consecutive day, contrasting with $90.6 million inflows into Bitcoin ETFs and highlighting shifting ETF dynamics. Traders should monitor ETH whales’ net flows, exchange reserves, stablecoin volume, and ETF trends as crucial market signals. Sustained whale accumulation may tighten supply and support bullish momentum for ETH in both short and long term.