Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Mutuum Finance presale has drawn strong interest from Solana investors. As SOL’s market cap nears $100 billion, early backers are reallocating gains into this Solana-based DeFi project. The Phase 6 presale of MUTM tokens, priced at $0.035, has sold 85% of its allocation, raising over $18 million from 17,600 participants. Mutuum Finance offers a non-custodial lending and borrowing protocol with Peer-to-Contract liquidity pools and a Peer-to-Peer loan marketplace. It passed a CertiK audit with a 90/100 score and maintains a $50,000 bug bounty program. Version 1 is set to launch on the Sepolia Testnet in Q4 2025. It will introduce liquidity pools, yield-bearing mtTokens, debt tokens, and a liquidator bot supporting ETH and USDT. With Solana’s upside limited by its scale, traders view the Mutuum Finance token as a high-growth opportunity. Potential 700–1000% returns are on the table if MUTM reaches $0.30–$0.40. Transparent tokenomics, direct card purchases, and leaderboard incentives make this presale a key DeFi event.

On October 29, ASIC updated guidance to classify stablecoins, wrapped tokens, tokenized securities and digital wallets as financial products under existing laws. From June 30, 2026, issuers of these crypto assets must secure a stablecoin license by obtaining an Australian Financial Services Licence (AFSL). ASIC has granted sector-wide no-action relief and in-principle exemptions for stablecoin and wrapped-token distributors and custodians until the deadline. This follows a year-long consultation revising the 2017 INFO 225 sheet and aligns with the government’s draft digital asset platform legislation, which would require AFSL registration for exchanges and custodians, exempt small operators and impose fines for non-compliance. Exemptions cover Bitcoin-only exchanges, gaming NFTs and tokenized tickets. Industry leaders warn that ASIC’s limited application capacity, expertise, banking access and insurance could complicate the stablecoin license requirement. Traders should prepare for higher compliance costs, shifts in issuance strategies and stronger consumer protection measures designed to boost confidence in Australia’s digital asset market.

Bitcoin ETFs saw a net outflow of $470 million on October 30, 2025, after the Federal Reserve cut interest rates by 25 basis points. Withdrawals were led by Fidelity’s FBTC ($164 M), ARK Invest’s ARKB ($143 M), BlackRock’s IBIT ($88 M), Grayscale’s GBTC ($65 M) and Bitwise’s BITB ($6 M), offsetting $351 million in inflows earlier that week. Assets under management fell to $149 billion, or 6.75% of Bitcoin’s market cap, although ETFs still hold over 1.5 million BTC and year-to-date inflows total $30.2 billion. Bitcoin traded between $108,201 and $113,567 in the 24 hours surrounding the Fed move, dipping briefly to $108,000 as traders priced in the rate cut and eyed Chair Powell’s cautious outlook. Traders should monitor ETF liquidity shifts and future Fed signals for short-term volatility and potential support levels.

Coinbase has challenged major US banking groups’ claims that stablecoins could drain deposits and threaten lending. Its policy chief, Faryar Shirzad, argues stablecoins are used primarily for payments and cross-border transfers. He stresses that demand mainly comes from international users seeking dollar exposure, not US retail customers. According to Coinbase, about two-thirds of stablecoin transfers occur on DeFi or blockchain platforms, operating parallel to traditional banking rather than competing directly. US commercial bank deposits exceed $18 trillion, while global stablecoin circulation is capped around $5 trillion, mostly held offshore. The report also highlights minimal overlap between community bank customers and stablecoin users, suggesting banks could integrate stablecoins to enhance services. Following the GENIUS Act rollout, several institutions are already exploring or launching stablecoin offerings. By reframing stablecoins as complementary to the banking system, Coinbase aims to ease regulatory concerns. Growing stablecoin adoption is seen as reinforcing the dollar’s global dominance rather than undermining banks. For traders, this clarification of stablecoins’ role could support continued growth in digital asset markets.

Consensys, the leading Ethereum infrastructure firm behind MetaMask and Infura, is preparing for a 2026 IPO. The company has engaged JPMorgan and Goldman Sachs as advisors, signaling that the Consensys IPO is officially under way. Valued at about $7 billion after a $450 million Series D round in 2022, Consensys is exploring capital market options but has not yet filed an S-1. MetaMask serves tens of millions of active users, while Infura processes billions of blockchain requests daily. Revenue stems from infrastructure services rather than token speculation. Regulatory clarity has improved after the SEC dropped charges over MetaMask staking, removing a major legal overhang. The broader crypto IPO market is also reawakening, with stablecoin issuer Circle and exchange Bullish going public recently. Traders should watch the Consensys IPO filing closely, as a successful listing could drive fresh capital inflows into ETH and related infrastructure tokens, reinforcing the firm’s role in the Ethereum ecosystem.

Bitcoin slipped to $111,000 after the Federal Reserve cut rates by 25 basis points to 3.75–4.00% and confirmed it will end quantitative tightening by December. Fed Chair Jerome Powell’s cautious stance on further easing weighed on risk appetite, triggering over $179 million in long Bitcoin positions liquidations across major exchanges like Bybit and Hyperliquid. Technical indicators place immediate support at $109,000 and resistance at $117,500, with a breakdown below $109,000 risking additional sell-offs toward $103,500. Improved liquidity from the end of QT may help Bitcoin stabilize, but traders should prepare for range-bound action in the near term and monitor ETF inflows, U.S. economic data, and Fed signals for signs of renewed momentum.

Ethereum Fusaka Upgrade passes final testing on the Hoodi testnet and is scheduled for mainnet launch on December 3. The upgrade bundles EIP-7594, introducing Peer Data Availability Sampling to reduce validator bandwidth by allowing verification of data samples instead of full blobs. It also includes EIP-7825 and EIP-7835 to raise gas limits and optimize transaction throughput. With larger blob capacity, the Ethereum Fusaka Upgrade supports higher data volumes per block, lowering gas costs and speeding confirmations, while remaining backward compatible and requiring no changes from end users. By enhancing zero-knowledge rollups and laying the groundwork for parallel smart contract execution, the Ethereum Fusaka Upgrade tackles scalability challenges and strengthens network efficiency. The rollout will occur in three stages: initial mainnet deployment, activation of increased blob capacity, and a subsequent hard fork to expand data handling. For traders, these improvements may boost DeFi activity, reduce transaction fees, and reinforce Ethereum’s edge against faster layer-1 rivals, suggesting a bullish outlook for ETH.

Madras High Court has ordered WazirX to secure a bank guarantee of 956,000 rupees (around $11,800) in an XRP dispute stemming from a $235 million July 2024 hack. Justice N. Anand Venkatesh granted interim relief under the Arbitration and Conciliation Act, ruling that 3,532 XRP tokens remain the property of the user and cannot be used to offset platform losses. The court also recognised cryptocurrency as protected property, limiting WazirX’s proposed socialisation of hack losses model. WazirX, owned by Singapore-based Zettai, must either deposit the funds in escrow or obtain a bank guarantee while arbitration continues. Under a Singapore court–approved restructuring plan supported by over 95% of creditors, WazirX is set to resume services from October 24. This ruling sets a legal precedent for asset recovery and may influence how exchanges handle customer claims post-hack.

Crypto asset manager ETHZilla sold $40 million of Ethereum (ETH) on October 24 to fund a board-approved stock buyback of about 600,000 shares. The move aims to narrow the steep NAV discount after ETHZilla’s share price fell from over $100 in August to under $25. Following the sale, ETHZilla shares jumped 14.5% on the day and gained another 12% in after-hours trading. ETHZilla framed this as a disciplined capital-allocation strategy, highlighting its flexibility to convert crypto assets into cash amid volatile markets. Traders are now watching the pace of ETHZilla’s ETH sales and any changes in the NAV discount. Global rival SharpLink Gaming (SBET) has a $1.5 billion buyback plan ready if its NAV gap widens, while BitMine bought 77,000 ETH in the same period, signaling bullish sentiment. Key indicators for crypto traders include on-chain liquidity, ETF inflows, 3–5% staking yields, and macro factors such as Fed rate decisions and trade negotiations. The interplay between treasury sales and share repurchases could influence ETH supply and price dynamics in both the short and long term.

WorldLibertyFinancial has rolled out successive WLFI token burns, starting with 6.92 million tokens burned via Ethereum and BSC protocol fees and open-market buybacks at an average price of $0.2093. On October 27 at 19:30 UTC, a linked address executed a major WLFI token burn of 175 million tokens valued at $26.7 million. These deflationary moves aim to tighten WLFI tokenomics, increase scarcity and support price amid the competitive DeFi market. No official statement has confirmed motives, but analysts suggest the burns signal team confidence and could drive value appreciation if demand holds. Traders should track on-chain metrics and future announcements to assess the impact on WLFI liquidity, price support and market dynamics.

Ferrari is set to issue the Token Ferrari 499P in 2027, granting its Hyperclub members exclusive bidding rights on the Le Mans–winning 499P race car. Developed in partnership with fintech firm Conio, this Ferrari crypto token will trade within a private pool and open member-only auctions. Conio is applying for an EU MiCA license to ensure regulatory compliance in luxury tokenization. Since 2023, Ferrari also accepts Bitcoin (BTC), Ethereum (ETH) and USDC payments at dealerships, converting crypto to fiat at point of sale. The Ferrari crypto token initiative marks a key milestone in blockchain adoption within the luxury automotive sector and signals growing real-world use cases for digital assets.

Ozak AI has raised $3.91 million in its presale by selling tokens at $0.012 each. The AI-utility token integrates machine learning and blockchain smart contracts to enable on-chain data analytics, predictive modeling and automated execution. Strategic partnerships with blockchain infrastructure firms and AI startups support its development and real-world deployment. Market analysts identify an “AI-utility phase” in crypto, expecting such tokens to outperform purely speculative assets. At the current price, Ozak AI offers a potential 550× upside toward $6.60 per token. However, investors should consider early-stage token risks before building positions.

Pendle launched Boros in August 2025, the first on-chain platform to tokenize perpetual swap funding rates into standardized YU derivatives. Traders can go long or short on funding rate derivatives with 8-hour settlements on Binance and 1-hour on Hyperliquid, using up to 3× leverage. In two months, Boros recorded $950 M in volume, $61 M open interest, over 11,000 users and $730 K in annualized revenue. Liquidity providers earn swap fees, PENDLE rewards and vault APYs up to 60%. All protocol fees flow back to PENDLE and vePENDLE holders, contributing to a 40% spike in PENDLE price. With a $2.5 T daily funding rates market and only 0.03% captured, Boros plans to add SOL and BNB, integrate Bybit and OKX, raise leverage caps, expand vaults and launch a referral program—targeting 3% market share and up to 100× growth.

Ethereum price extended its bullish run this week, first breaching a $3,900 intraday high on October 24 and then topping $4,000 on OKX by October 26. The Ethereum price jumped 0.59% to over $3,900 before surging 1.78% to $4,003.34, reflecting growing confidence in ETH amidst broader crypto market stability. Moderate trading volumes accompanied the rally, suggesting steady support around key levels. Traders will watch whether Ethereum price can hold above the $4,000 psychological threshold to confirm further upside potential, a signal of renewed bullish momentum that may attract additional buying interest.

Hong Kong’s Securities and Futures Commission (SFC) has greenlit the city’s first retail Solana ETF, set to begin trading on the Hong Kong Stock Exchange on October 27. The Solana ETF, launched by ChinaAMC alongside issuers Man AHL, Valour and Tracker Capital, will trade in HKD, RMB and USD lots, each representing 100 SOL tokens. This product joins existing Bitcoin and Ethereum spot ETFs in Hong Kong’s regulated market. The new Solana spot ETF offers traders regulated exposure to SOL without direct token custody. It underscores Hong Kong’s strategy to broaden altcoin ETF access and bolster its global crypto hub status. Regulators will oversee fund flows under established ETF rules to balance innovation with investor protection. Historical spot ETF approvals for major cryptocurrencies have driven significant institutional inflows. Traders should monitor initial fund flows, liquidity metrics and investor sentiment for early demand signals. The Solana ETF may attract renewed interest as Solana’s DeFi, NFT and Web3 ecosystem continues to expand.

SharpLink Gaming has methodically expanded its ETH treasury from 740,760 to 859,853 tokens (≈$3.5 billion), acquiring 143,593 ETH through a $537 million direct offering and adding 19,271 ETH via a $76.5 million at-the-market program at premium NAV. Led by Joe Lubin and co-CEO Joseph Chalom, the firm applies a disciplined, accretive ETH treasury strategy akin to MicroStrategy’s Bitcoin play. Now the second-largest publicly traded ETH holder behind BitMine Immersion’s 3.24 million tokens, SharpLink’s aggressive accumulation highlights rising institutional demand and could bolster Ethereum liquidity and price dynamics.

Andrew Cuomo has launched a crypto-focused tech agenda in his bid for New York City mayor. His plan features a chief innovation officer and an Innovation Council with dedicated crypto, AI and biotech advisory committees. Central to the proposal is a BitLicense overhaul that could lift regulatory hurdles for emerging firms. The plan aims to update New York’s outdated BitLicense framework while balancing consumer protection and regulatory clarity. Cuomo hopes to recast NYC as a leading crypto hub to drive job growth and tax revenue. Previous initiatives by outgoing Mayor Eric Adams, including paying his salary in BTC and launching an Office of Digital Assets and Blockchain, boosted local startups but yielded limited regulatory influence. Despite record donations from crypto lobby groups, including the Winklevoss twins and Bill Ackman, Cuomo trails Democratic frontrunner Zohran Mamdani 28.9% to 43.2%. Voters rank cost of living, public safety and housing affordability above crypto policy. Traders view the development as neutral. They see long-term potential for a crypto hub but little immediate market impact.

Venezuelan opposition leader María Corina Machado, awarded the 2025 Nobel Peace Prize while in hiding under Nicolás Maduro’s threats, has hailed Bitcoin as a vital lifeline against hyperinflation, financial repression and economic collapse. She credits the cryptocurrency with preserving savings, facilitating remittances and bypassing state exchange controls as the bolívar suffered 10 million percent inflation and lost 14 zeros. Machado’s campaign now operates without bank access, relying on Bitcoin donations that Maduro’s regime cannot seize. Activists say Bitcoin peer-to-peer markets have become crucial for humanitarian aid and resistance. Alex Gladstein of the Human Rights Foundation notes that 87% of the global population lives under authoritarian regimes or collapsing fiat, making Bitcoin essential for human-rights activism. This Nobel endorsement marks the first time the committee has recognized a public Bitcoin advocate. On the market front, Bitcoin’s price volatility recently saw a dip to $102,000 amid shrinking derivatives open interest, followed by a rebound above $115,000, up over 3% intraday. Traders should watch how growing activism and adoption narratives might bolster market sentiment and underpin a bullish case for Bitcoin, despite near-term fluctuations.

House of Doge, the corporate arm of the Dogecoin Foundation, has acquired a majority stake in US Triestina Calcio 1918 in a joint deal with Brag House Holdings. The historic Italian Serie C football club will receive fresh capital to strengthen its squad, modernise back-office systems and expand community programmes. Advisers with top-tier governance experience have been appointed to optimise commercial operations. Fans at Stadio Nereo Rocco will soon be able to purchase tickets, concessions and merchandise using Dogecoin. This pilot of Dogecoin payments aims to enhance fan experience and diversify revenue streams. The move follows partnerships such as IndyCar driver Devlin DeFrancesco’s race earnings and donations in Dogecoin. As House of Doge pursues a public listing via reverse takeover, this football acquisition serves as a real-world use case for cryptocurrency payments in European sports. Technical analysts note support for DOGE at $0.16–$0.19 with resistance near $0.205–$0.227 and bullish targets up to $0.45 and $0.86.

Several leading asset managers, including Grayscale (Oct 18), 21Shares (Oct 19), Bitwise (Oct 20), CoinShares and Canary Capital (Oct 23), WisdomTree (Oct 24) and Franklin Templeton (Nov 14), are awaiting SEC decisions on their XRP ETF applications. These filings seek regulated exposure to XRP and, if approved, could significantly boost market liquidity and broaden XRP’s access to traditional finance channels. A potential U.S. government shutdown on Sept 30 threatens to delay SEC reviews, possibly postponing ETF decision timelines. While immediate price surges are unlikely, SEC approvals, delays or information requests will influence long-term market credibility and capital inflows. Traders should monitor each decision date to gauge the regulatory outlook and identify potential trading opportunities.

Gemini launched its Solana credit card on October 20, offering cardholders up to 4% SOL back on everyday purchases. The card runs on the Mastercard network and features no annual fee, no foreign transaction fees and no crypto reward redemption charges. Unique to this Solana credit card is an auto-staking option that delivers up to 6.77% annual yield on SOL rewards, enabling passive income. Gemini has expanded its Solana institutional staking services earlier this year, partnering with DeFi Dev Corp and Purpose Investments to manage over 2 million SOL. Cardholder growth has surged from 8,000 in early 2024 to nearly 31,000 by August 2025, underscoring strong demand for crypto rewards cards. Solana remains one of the fastest-growing blockchain ecosystems, with SOL trading at around $186.13 despite a 36.3% decline from its January peak. To celebrate the new card, Gemini and Solana will host a 48-hour livestream from their New York headquarters starting October 21. The launch follows Gemini’s Nasdaq IPO earlier this year, which raised $425 million.

Australia’s Home Affairs Minister Tony Burke announced new legislation granting AUSTRAC expanded powers for crypto ATM regulation, classifying machines as high-risk products linked to money laundering, scams and child exploitation. Installations have jumped from 23 in 2019 to over 2,000 today, handling 150,000 transactions worth A$275 million annually. The draft law empowers AUSTRAC to swiftly restrict or ban non-compliant crypto ATMs and enforce stricter Know Your Customer (KYC) checks, transaction monitoring and enhanced anti-money laundering (AML) and counter-terrorist financing (CFT) measures. The new crypto ATM regulation requires operators to report cash transfers above A$10,000 and adhere to a A$5,000 deposit and withdrawal cap, alongside enhanced due diligence and scam warnings. AUSTRAC data shows around 85% of users are victims of fraud or coercion, with 72% aged 50–70. Expected to pass in the coming months, the bill underscores Australia’s commitment to tightening AML safeguards and curbing financial crime through robust crypto ATM rules.

Ripple is raising $1 billion via a special-purpose acquisition company (SPAC) to establish a regulated digital asset treasury dedicated to buying XRP on the open market. The move will deploy part of Ripple’s token holdings and public funds to introduce fresh demand, tighten supply, and enhance transparency through dynamic liquidity pools on the XRP Ledger—all without altering existing escrow release schedules. This structure also preserves Ripple’s private status while creating a compliant, public liquidity pool that signals confidence to institutional investors. For traders, the initiative could provide short-term price support and deeper market liquidity, while laying foundations for long-term market stability and broader corporate treasury adoption of XRP.

Stripe-backed Tempo blockchain secured $500 million in a Series A funding round led by Greenoaks and Thrive Capital at a $5 billion valuation. Tempo blockchain, an Ethereum-compatible layer 1 blockchain optimized for high-throughput payments and settlement, integrates with traditional fintech rails rather than focusing on DeFi protocols. Since its September 2025 launch, Tempo blockchain has formed enterprise partnerships with OpenAI, Shopify, Visa, Anthropic and Deutsche Bank. The project’s roadmap accelerated this year with the hiring of Ethereum Foundation researcher Dankrad Feist as senior engineer and Stripe’s acquisitions of stablecoin provider Bridge and wallet startup Privy. The new capital will drive Tempo blockchain’s development of compliant, scalable digital money infrastructure for businesses and financial institutions.

Coinbase has already integrated AI-generated code into 40% of its software infrastructure, and it plans to raise that to 50% within months. By embedding AI-generated code directly into product development, the exchange aims to cut development costs, speed up feature rollouts and security patches, and boost overall productivity. This move follows industry giants like Google (via GitHub Copilot), Microsoft, Amazon and Tesla, which automate large portions of their codebase. In the crypto sector, Binance has also deployed an AI-based fraud detection system to block suspicious transactions in real time. Coinbase CEO Brian Armstrong stresses that AI-generated code is intended to supercharge engineers rather than replace them. Traders should note that exchanges slow to adopt AI-generated code risk falling behind on infrastructure upgrades and competitive security measures.

Erebor Bank has received conditional approval from the US Office of the Comptroller of the Currency (OCC) for a national bank charter. The digital-only crypto bank will target innovation economy sectors including cryptocurrencies, AI, defense and advanced manufacturing. Headquartered in Columbus, Ohio, with an office in New York, it plans to offer services via a mobile app and website. Erebor Bank will hold and issue stablecoins under strict federal oversight. The bank has secured $275 million in initial capital commitments from strategic backers including Peter Thiel’s Founders Fund, Palmer Luckey and Joe Lonsdale. Full activation of the charter depends on meeting further regulatory benchmarks such as building compliance infrastructure and obtaining FDIC insurance. Critics, including Senator Elizabeth Warren, have warned of potential taxpayer risk. Led by co-CEOs Owen Rapaport and Jacob Hirshman, Erebor Bank’s entry could mark a new era of regulated crypto banking in the US, potentially boosting stablecoin liquidity and overall market stability.

Hong Kong virtual asset ETFs saw daily trading volumes of HK$54.51 million on October 15 and HK$40.79 million on October 16, underscoring sustained investor demand. Huaxia’s Bitcoin ETF led with HK$31.65 million (Oct 15) and HK$15.10 million (Oct 16), while its Ethereum ETF contributed HK$15.01 million and HK$17.58 million. Bosera’s Bitcoin and Ethereum ETFs traded HK$4.38 million and HK$0.99 million on October 15, then HK$2.66 million and HK$4.30 million on October 16. Harvest’s Bitcoin and Ethereum ETFs recorded lower volumes, ranging from HK$0.48 million to HK$0.68 million. All products offer HKD and USD counters, with Huaxia also providing an RMB counter. The consistent trading activity highlights robust liquidity in Hong Kong virtual asset ETFs.

The Retirement Investment Choice Act would codify Executive Order 14330 and allow crypto in 401(k) plans. It gives plan fiduciaries the authority to include regulated digital assets such as Bitcoin alongside stocks and bonds. The bill directs the Department of Labor (DOL) and the Securities and Exchange Commission (SEC) to revisit and update 2021 guidance that limited alternative asset allocations. If enacted, the law could open crypto in 401(k) access for nearly 90 million Americans and channel billions of dollars into digital assets. Supporters argue that codification ensures policy permanence and broadens retirement planning options. Critics warn that high volatility demands robust safeguards. Next steps include DOL and SEC rulemaking and the development of compliant retirement products. The measure marks a key milestone for mainstream integration of digital assets in 401(k) plans.

Roger Ver, the so-called ’Bitcoin Jesus’ and an early bitcoin investor, has agreed to pay nearly $50 million in back taxes, penalties, and interest to settle US federal tax evasion charges on undeclared cryptocurrency gains from 2014 to 2017, without admitting wrongdoing. Announced by the US Department of Justice, this tax evasion settlement closes a long-running probe into Roger Ver’s unreported bitcoin transactions and missed filings. The case underscores growing regulatory scrutiny of cryptocurrency tax compliance and may prompt traders to review their own tax positions in digital assets.