Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Ripple and security platform Immunefi have launched a two-stage $200,000 bug bounty for the XRPL Lending Protocol. The program begins with a devnet training phase from October 13 to 27 via an Attackathon Academy, offering documentation, engineer support and sandbox environments. From October 27 to November 29, white-hat hackers can submit exploits targeting vault solvency, liquidation logic, interest calculations, fund security and permissioned access controls. If researchers uncover a critical vulnerability, the full $200,000 reward pool unlocks; otherwise, a $30,000 fallback pool is distributed among valid findings. The XRPL Lending Protocol (XLS-66) bridges off-chain credit assessment with on-chain loan recording, avoiding smart contracts and on-chain collateral. The bounty also covers linked standards (XLS-65, XLS-33, XLS-70 and XLS-80). This initiative aims to stress-test the protocol ahead of a validator vote and mainnet launch, bolstering DeFi security and trader confidence.

Two brothers, Anton and James Peraire-Bueno, appeared this week in the U.S. District Court for the Southern District of New York in a $25 million Ethereum MEV bot trial. Prosecutors claim the pair used a high-speed “bait-and-switch” strategy to defraud other MEV bot operators. The defense counters they targeted predatory sandwich bots and disclosed $6 million in taxable profits. They face charges of conspiracy to commit wire fraud, money laundering, and receiving stolen property, each count carrying up to 20 years in prison. Industry experts say the MEV bot trial’s outcome could set a new legal precedent for DeFi operations on permissionless networks. Traders should watch this case for its potential to reshape compliance and on-chain trading strategies.

ETHZilla, an Ethereum-focused finance firm, will execute a 1-for-10 reverse stock split on October 20 to reduce its outstanding shares by 90% and raise its share price above $10. Approved at a July 24 meeting, the move aims to meet minimum share price requirements for large mutual funds and improve collateral for margin trading. Shares fell over 7% to about $1.77 on the announcement. ETHZilla, rebranded from 180 Life Sciences and backed by Founders Fund, said the reverse stock split is part of a broader strategy to attract institutional investors and is not related to listing requirements. Traders will watch its impact on market cap, liquidity and investor confidence.

India’s Reliance Jio has partnered with the Aptos Foundation and Aptos Labs to launch Aptos blockchain rewards on its network for 500 million subscribers. In a beta test, 9.4 million users are already earning benefits via the high-speed, low-cost Aptos Layer-1 network. Aptos Labs will provide technical support and developer tools to scale the rewards program across Jio’s vast user base. While this marks a major expansion of Jio’s Web3 services, the APT token fell 5% amid a broader market downturn. Traders should monitor APT token price movements and user uptake as key indicators of market sentiment and institutional appetite for telecom-based blockchain rewards.

Sony Bank has applied to the U.S. Office of the Comptroller of the Currency for a national trust bank charter to issue and manage US dollar-pegged stablecoins under federal regulation. By securing this OCC charter, Sony Bank will oversee reserve assets and expand digital asset custody and portfolio management through its Connectia Trust unit. This OCC charter bid follows similar approvals for US Bank’s stablecoin custody service and Bridge’s federal charter application, reflecting a wider push for regulated stablecoins. By joining firms like Stripe, Circle and Anchorage Digital Bank, Sony Bank seeks to capitalize on the growing $312 billion stablecoin market, leveraging GENIUS Act compliance to boost market confidence and support tokenized payments.

Binance has launched a $400 million support plan after the October 10–11 crypto market crash. The support plan allocates $300 million in token vouchers and establishes a $100 million low-interest loan fund for eligible traders and institutions. Users who suffered forced liquidations of at least $50 or 30% of net assets based on an October 9 account snapshot will receive vouchers worth $4–$6,000 within four days. Binance denies legal liability for user losses and advises traders to preserve transaction logs, verify snapshots and follow official redemption procedures. Separately, BNB Chain has rolled out a $45 million reload airdrop for memecoin traders affected by the sell-off. Combined, these measures deliver $445 million in market support intended to ease liquidity pressures and restore confidence. Analysts say the relief may dampen short-term volatility but that long-term crypto market trends will depend on broader demand and macroeconomic factors.

CMB International Asset Management (CMBI) has tokenized its top-ranked $3.8B USD Money Market Fund on BNB Chain. The fund now trades as CMBMINT and CMBIMINT tokens, letting accredited investors subscribe with fiat or stablecoins and redeem in real time. The launch boosts RWA tokenization on BNB Chain, joining institutional-grade products from Franklin Templeton and Ondo Finance. Planned integrations with Venus Protocol and ListaDAO will unlock collateralized lending and yield strategies. BNB Chain’s scalable infrastructure and low gas fees drive efficient liquidity management and further DeFi integration.

Crypto PR strategies now blend official press releases with earned media formats to boost credibility and visibility. While press releases remain essential for formal announcements such as funding rounds and partnerships, projects increasingly leverage targeted exclusives, expert commentary, analytical articles, and media interviews. Exclusives deliver in-depth coverage and follow-up stories by offering priority access to journalists. Expert commentary positions executives as authoritative voices during market shifts or regulatory changes. Analytical articles showcase deep insights and reinforce thought leadership. Media interviews provide third-party validation beyond promotional releases. A strategic hierarchy guides when to deploy each format: press releases for milestone events, exclusives for newsworthy announcements, commentary for timely engagement, and analysis for complex topics. By integrating these formats into a continuous Crypto PR strategy, projects can strengthen media relations, build trust, and maintain a competitive edge in the crowded crypto sector.

Coinbase Funds CoinDCX to Expand in India and Middle East Coinbase Funds CoinDCX has committed fresh capital to CoinDCX, building on a $2 billion Series D round in 2022 and over $250 million in local blockchain investments. This strategic funding strengthens Coinbase’s footprint in the India crypto market and the Middle East. CoinDCX serves over 20 million users and reported ₹13.7 lakh crore ($165 billion) in trading volume, ₹10,000 crore ($1.2 billion) in assets under custody, and ₹1,179 crore ($141 million) in annualised revenue as of July 2025. The investment, pending regulatory approval, aligns with India’s push for clear crypto licensing, KYC and AML standards, and increased central bank engagement. By partnering with a compliant exchange like CoinDCX, Coinbase aims to access more than 100 million crypto holders across these regions. The move follows CoinDCX’s swift recovery from a $44 million security breach and could drive trading volumes and liquidity as regulatory clarity improves.

On Oct. 10–11, an unexpected tariff tweet triggered a rapid crypto flash crash that liquidated nearly $20 billion in leveraged positions. Bitcoin plunged as much as 15% and SOL fell 40% while traders flooded 24/7 crypto venues. Bitwise CIO Matt Hougan called the crypto flash crash a stress test rather than a structural shift. His review found no major institution failures, DeFi platforms like Uniswap, Hyperliquid and Aave held up well, and professional investors remained calm. Binance refunded almost $400 million to affected traders. With market infrastructure intact and core drivers—regulatory clarity, growing institutional allocations, stablecoins and tokenization—unchanged, only short-term liquidity jitters are expected before fundamentals drive the market higher. Year-to-date, Bitcoin is up 21% and the Bitwise 10 Large Cap Crypto Index has gained 22%.

Metaplanet mNAV ratio dipped below 1 on October 13, pushing its market value under its 30,823 BTC holdings. Shares plunged nearly 75% from $13 in June to $3.13, reflecting debt concerns and investor pressure. The company paused Moving Strike Warrants from October 20 to November 17 while adding 5,268 BTC on September 30, remaining the only non-US public firm among the top ten by Bitcoin reserves. Despite the share slump, corporate Bitcoin adoption stays strong: Tether bought 8,888 BTC, Marathon Digital acquired 373 BTC, and MicroStrategy holds over 640,000 BTC. Bitcoin trades near $112,919, down 2.1% in 24 hours. The Metaplanet mNAV drop highlights sensitivity to NAV metrics but also presents a potential buying opportunity for traders.

ODDO BHF, the 175-year-old French banking group managing over €150 billion in assets, has launched the EUROD stablecoin on Bit2Me. The EUROD stablecoin is backed by fully disclosed euro reserves held in regulated European banks and meets the EU’s MiCA framework with regular audits and AML checks. Developed in partnership with Fireblocks, it offers institutional-grade custody and onchain transferability. The Bit2Me listing broadens euro-pegged options in a stablecoin market exceeding $300 billion, joining existing players such as EURC (€229 million circulating) and Société Générale-FORGE’s EURCV. Serving retail and corporate clients, EUROD streamlines euro liquidity, treasury management, cross-border payments and commercial transactions under EU regulatory standards.

Whale Alert reported that at 14:56 (UTC+8) on October 14, Tether Treasury minted 1 billion USDT on the Ethereum network. This stablecoin issuance reflects sustained demand for USDT and increases its circulating supply. The additional USDT may boost liquidity on decentralized exchanges and influence market dynamics. Traders should monitor Ethereum-based USDT flows and on-chain supply metrics for potential trading signals. Key tools include Whale Alert monitoring, Tether Treasury updates and Ethereum blockchain data.

Tether has agreed to pay $300 million to settle claims by the Celsius Network bankruptcy estate over alleged improper Bitcoin liquidations. The lawsuit, filed in August 2024 in the U.S. Bankruptcy Court for the Southern District of New York, claimed Tether liquidated roughly 39,542 BTC tied to Celsius’s $815 million margin debt without the contract’s 10-hour remedy window. Under the agreement, Tether makes a one-time cash payment without admitting liability and secures the return of disputed BTC reserves. The settlement closes related litigation, cuts legal costs, and injects immediate funds for creditor distribution. For crypto traders, resolution of this stablecoin lawsuit removes a major USDT legal overhang, boosts stablecoin confidence, and may reduce market volatility in both Bitcoin and USDT trading.

The U.S. Department of Justice carried out its largest Bitcoin seizure to date, confiscating $15 billion from wallets linked to a sprawling pig-butchering crypto fraud network. The unsealed Brooklyn indictment charges Prince Holding Group founder Chen Zhi with orchestrating one of Asia’s biggest transnational romance and investment scam operations, trafficking hundreds of individuals and defrauding thousands of victims. This Bitcoin seizure underscores intensifying anti-money laundering and regulatory scrutiny, removing a significant volume of illicit BTC from the market. Traders should prepare for potential short-term Bitcoin volatility, monitor BTC liquidity and compliance news, and watch for further law enforcement actions, while long-term market integrity could improve as illicit supply diminishes.

RippleX has partnered with blockchain security firm Immunefi to launch a $200,000 Attackathon to secure the XRPL Lending Protocol. The initiative features an Academy phase from October 13–27 offering C++ tutorials, Devnet guides and direct engineer support. The bug-hunting phase runs from October 27 to November 29, 2025. Participants will probe over 35,000 lines of C++ code across core components including XLS-66 (Lending), XLS-65 (Vaults) and XLS-33 (Tokens). A full bounty is paid for critical flaws; otherwise a $30,000 fallback reward is shared among valid submissions. Rewards are paid in RLUSD, Ripple’s dollar-pegged stablecoin. By leveraging Immunefi’s network of 60,000 security experts—whose audits have secured $180 billion in funds—RippleX aims to reinforce DeFi security on the XRP Ledger before the protocol undergoes a validator vote later this year. This proactive bug bounty program is designed to identify vulnerabilities, strengthen the native XRPL Lending Protocol and boost trader confidence. At press time, XRP traded at $2.46.

Monad, a high-performance Layer-1 blockchain fully compatible with Ethereum, has opened its MON airdrop portal on Oct. 14, with eligibility verification and wallet connection available through Nov. 3. The MON airdrop rewards early adopters and community members across five distribution tracks—Monad Community, Onchain Users, Crypto Community, Contributors & Curious, and Monad Builders—allowing users qualifying in multiple tracks to stack allocations. On-chain metrics (e.g., DEX volume, NFT ownership) combined with off-chain verification on Twitter, Discord and Telegram will determine airdrop eligibility. Co-founder Keone Hon emphasized there’s no rush to claim and advised double-checking details before submission. This multitrack MON airdrop marks a key milestone ahead of the 100 billion MON token launch and Monad’s mainnet debut, following its public testnet launch in February 2025. Traders should monitor airdrop eligibility and allocation details to capitalise on potential MON token rewards.

Arkham Intelligence reports that a whale trader known as the “Trump Insider Whale” has increased its Bitcoin short position to $340 million, marking a significant extension of its bearish stance. Before the October 10 market crash, the whale profited approximately $200 million by shorting $700 million in BTC and $350 million in ETH. Following the crash, it deposited $40 million in USDC on Hyperliquid to initiate an additional $127 million Bitcoin short, bringing total active BTC shorts near $340 million. This move coincided with a $624.4 million market-wide liquidation that wiped out 213,000 traders, predominantly long positions in Bitcoin ($126 million) and Ethereum ($108 million). The whale’s timely short-selling, which has historically capitalized on major events like Trump tariff announcements, underscores growing bearish sentiment and heightened crypto market volatility. Traders should monitor potential regulatory scrutiny over insider trading practices.

House of Doge, the commercial arm of the Dogecoin Foundation, has completed a $50M reverse merger with Brag House Holdings to list on Nasdaq. The deal combines House of Doge’s 837 million DOGE treasury and yield platform with Brag House’s Gen Z gaming network. The merged company plans to launch regulated financial products, tokenized services, Dogecoin-denominated merchant solutions, licensing, and treasury management. It will also target tokenization of sports and cultural assets and expand institutional custody. Recent on-chain purchases topped 8.2 billion DOGE (~$156 million), highlighting growing institutional adoption. Led by CEO Marco Margiotta, with Lavell Malloy II joining the board, the firm aims to fund infrastructure development and merchant integrations. Dogecoin currently trades near $0.20 with support at $0.16. Analysts forecast a rally to $0.48 if prices break above $0.28. This Nasdaq listing and capital access are expected to accelerate Dogecoin adoption and diversify revenue.

BNB Chain user engagement hit new highs as daily active sending addresses reached 3.46 million and 30-day on-chain transactions soared by 151% to over 500 million, ranking second only to Solana. Over the past year, the network amassed nearly 200 million active addresses, trailing only Base layer-2 solutions. Meanwhile, BNB recovered strongly after last Friday’s US tariff-driven market sell-off, rebounding from a weekend low of $1,094 to an all-time high of $1,370. Binance CEO Changpeng Zhao credited ecosystem-funded protection measures for bolstering BNB’s resilience, while Binance distributed $283 million in user compensation and a $45 million BNB airdrop to memecoin traders. DappRadar data shows BNB Chain’s total value locked grew 15% in Q3, propelled by the launch of the Aster perpetual DEX. These metrics underscore BNB Chain’s robust on-chain activity and growing DeFi footprint, signaling continued bullish momentum for traders.

Crypto funding rates plunged to their lowest levels since the 2022 bear market after the historic “crypto Black Friday” liquidation wiped out $1 trillion in market cap and 1.6 million leveraged long positions. Glassnode data show funding rates for Bitcoin and Ethereum perpetual futures falling deeply negative as short positions outweighed longs, reflecting a severe reset of excessive speculation. Despite this bearish signal, open interest reveals a 60:40 long-to-short ratio, and trader sentiment has flipped bullish, with spot markets staging a V-shaped rebound—Bitcoin up over 5% and Ethereum up 12% from recent lows. Such extreme negative funding rates could trigger a significant short squeeze, potentially driving prices higher as the market stabilizes.

Metaplanet, often called the Japanese MicroStrategy, saw its share price drop 12% to ¥482, pushing its market cap below a 1× multiple of net asset value (mNAV) for the first time. The company holds 30,823 BTC worth $3.58 billion and carries $24.7 million in debt, resulting in an mNAV of 0.99×. KindlyMD (NAKA) also trades under net asset value at 0.959× mNAV, with 5,765 BTC on its balance sheet valued at $646 million. By contrast, MicroStrategy (MSTR) maintains a 1.48× mNAV premium despite underperforming Bitcoin’s gains. A recent Forbes survey shows 15% of digital asset treasury (DAT) firms now trade below 1.0× mNAV. The slide in mNAV valuations underscores growing market caution around Bitcoin treasury strategies and may constrain equity fundraising and sentiment in the short term. Traders should monitor mNAV discounts, as sustained dips below 1× can signal risk aversion in the digital asset treasury sector and create selective buying opportunities for long-term Bitcoin bulls.

Singapore’s High Court has approved WazirX’s $234M hack reorg plan, clearing the way for India’s largest crypto exchange to restart trading and compensate more than 150,000 affected users. Under the WazirX hack reorg plan, creditors approved the proposal by over 95%, despite earlier regulatory concerns over digital token frameworks. Affected users will recover 55% of stolen assets—52% in liquid crypto or cash and 48% in recovery tokens tied to future earnings. Founder Nischal Shetty said repayments could begin within 10 days of implementation, with restructuring firm Kroll estimating full settlements within two to three months. WazirX plans a phased relaunch featuring a token-based payout and a new decentralized exchange for enhanced security. WRX, the exchange’s native token, jumped 45% after the ruling. Traders view the decision as a bullish signal for WazirX’s liquidity restoration and exchange security.

Crypto fundraising reached a record $3.5 billion across 28 rounds in the week ending October 8, driven by 12 blockchain services deals and six CeFi investments. Pantera Capital led with four funding rounds, while Coinbase Ventures maintained its yearly lead with 73 investments. The surge coincided with Bitcoin’s peak at $126,000 on October 6 before U.S. tariffs on China triggered a 13.7% sell-off, dropping BTC to $105,000 and liquidating nearly $20 billion. Despite volatility, robust crypto fundraising signals strong long-term growth potential in blockchain services and DeFi. Traders should watch sector funding trends and manage risks amid ongoing Bitcoin price swings.

Bitcoin mining stocks bounced back on Monday after misinterpreted remarks by President Trump about 100% tariffs on Chinese imports triggered a sharp sell-off in risk assets. Bitcoin mining stocks regained momentum as clarifications from the White House and Treasury Secretary Scott Bessent dispelled policy concerns, prompting equities like Bitfarms, Cipher Mining, Hut 8, IREN, MARA, Core Scientific and Riot Blockchain to gain over 10% as funding rates normalized and order books recovered. The wider crypto market endured record volatility, with Friday’s flash crash liquidating around $19 billion in positions—$10.3 billion on Hyperliquid alone—and altcoins falling more steeply than Bitcoin. Traders also noted Binance UI glitches and the temporary depegging of Ethena Labs’ USDe due to an oracle issue. Risk was repriced rapidly, as eased tariff rhetoric and lower leverage supported a market rebound.

Worldcoin has formed a bullish breakout pattern after rebounding from below $0.90 and surging 10% following a 60% decline. The WLD price broke a descending trendline and classic triangle setup, with rising volume confirming strength. Key resistance levels sit at $1.42 and $1.63, while an ADX reading of 28 and a rising MACD trend support further upside. Market conditions underpinning the rally include a $2.19 billion market cap, daily trading volume above $356 million, stable volatility, and positive funding rates, with long positions dominating derivatives. Open interest recently dipped to around 140 million, reflecting a reset of speculative leverage; a rebound in open interest could confirm renewed buying momentum. Spot investors sold $306,000 worth of WLD amid profit-taking, but netflows turned positive for the first time in 18 days, suggesting sustained bullish pressure. Altcoin traders should monitor triangle pattern validation, open interest trends, and volume spikes for entry points toward the $2 target.

Hyperliquid has activated its HIP-3 upgrade on mainnet, enabling any user who stakes 500,000 HYPE tokens (approximately US$21 million) to deploy a permissionless perpetual futures market on the DEX. Each market comes with its own margin, order book, fee structure (builders can set fee splits up to 50% atop base rates) and customizable parameters such as oracle selection, leverage limits and settlement rules. HIP-3 replaces centralized approvals with on-chain governance, validator slashing and open-interest caps to enhance market transparency and integrity. Launched in response to a recent cryptocurrency liquidation crisis that revealed delayed reporting on centralized exchanges, the upgrade aims to lower listing costs, foster rapid market launches and transform Hyperliquid from a single exchange into foundational DeFi infrastructure. Traders can expect broader access to decentralized futures, fairer trading environments and more transparent risk management practices in the crypto derivatives space.

On October 11, 2025, a sudden crypto flash crash triggered by geopolitical tariff threats and systemic exchange failures led to over $19.35 billion in liquidations. Platforms relying on flawed price oracles, including Binance, amplified price swings and triggered unfair auto-liquidations. DEX Hyperliquid suffered $10.31 billion in liquidations and wiped out more than 1,000 wallets. BitMEX limited its liquidations to $38.5 million—just 0.2% of the market total—thanks to its high-capacity trade engine, continuous withdrawals, and robust risk management. Its multi-layer controls, including auto-deleveraging (ADL), composite fair-price marking from 16 venues, price circuit breakers, and human oversight, protected its insurance fund and ensured stability during extreme volatility. This event underscores how resilient infrastructure and advanced risk protocols can safeguard traders and stabilize markets in a crypto flash crash.

Bybit has integrated the UBS uMINT tokenized fund on Ethereum as on-chain collateral. The regulated money market product, issued by UBS Asset Management and distributed via DigiFT under MAS and HK SFC oversight, offers traders access to a low-risk, institutional-grade asset. Bybit users can now pledge uMINT tokenized fund shares to boost capital efficiency and maintain transparency compared to volatile crypto collateral. This move bridges traditional finance (TradFi) and Web3. It strengthens Bybit’s institutional service portfolio and supports its B2B strategy. The integration of this compliance-ready real-world asset is expected to attract more traditional investors to digital markets. Traders benefit from reduced capital costs and the stability of the UBS uMINT money market product. Overall, the Bybit-UBS uMINT tokenized fund integration marks a milestone in the convergence of TradFi and decentralized trading. It could pave the way for wider institutional adoption of tokenized real-world assets, potentially boosting market depth and liquidity on Ethereum.