Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Do Kwon, co-founder of Terraform Labs and architect of the Terra ecosystem, was convicted following court presentations that included harrowing victim letters detailing losses from the May 2022 collapse of TerraUSD (UST) and LUNA. Prosecutors argued Kwon misled investors and partners, contributing to market manipulation and severe investor harm. The letters shifted courtroom focus to the human cost of the collapse. The conviction reinforces scrutiny of algorithmic stablecoins and centralized project governance and underscores rising legal and regulatory risks for crypto founders and related projects. For traders, this increases negative sentiment and volatility for algorithmic stablecoins and tokens tied to opaque governance, potentially amplifying sell pressure and risk premia on similar assets.

The U.S. Commodity Futures Trading Commission (CFTC) has launched a limited pilot allowing Bitcoin (BTC), Ether (ETH) and USDC to be accepted as in-kind collateral by CFTC-registered Futures Commission Merchants (FCMs) for like‑denominated contracts. Announced by acting chair Caroline Pham, the program includes enhanced guidance on custody, segregation, enforceability, valuation and operational risk for tokenized assets and requires participating FCMs to submit weekly reports detailing customer digital-asset holdings and events affecting collateral use. The initiative aims to give regulators and market participants controlled experience using crypto as margin while addressing risks seen in unregulated venues (excess leverage, rapid auto-liquidations). It also withdraws prior Staff Advisory 20‑34 and aligns with broader legislative and advisory work to integrate tokenized real‑world assets—such as treasuries, stablecoins and money‑market funds—into regulated markets. For traders: the pilot could increase institutional demand, liquidity and product innovation for BTC and ETH, while raising custody and operational considerations; monitoring and reporting requirements should mitigate some counterparty and settlement risks.

Ethereum co-founder Vitalik Buterin has proposed an on-chain gas futures market as an extension to EIP-1559 that would let users pre-buy gas at fixed prices for future time windows. The design targets high-volume actors — exchanges, rollups, wallets and automation services — converting volatile real-time gas costs into predictable forward expenses. Futures would trade on-chain and reflect market expectations of future blockspace demand, rising when demand is expected to increase and falling when it is expected to decrease. Buterin emphasised the mechanism is complementary to gas-reduction efforts and does not aim to lower base fees directly; instead it provides cost certainty for scheduled deployments, upgrades and enterprise operations sensitive to fee spikes. The proposal could also produce new economic signals useful for capacity planning and scaling. No formal EIP has been filed and there is no implementation timeline. Primary keywords: gas futures, Ethereum gas fees, on-chain futures. Secondary keywords: EIP-1559, fee predictability, transaction costs.

KuCoin’s local arm, KuCoin EU Exchange GmbH, has been granted a Markets in Crypto-Assets (MiCA) licence in Austria, authorising it to provide trading, custody and other digital-asset services across 29 European Economic Area (EEA) countries via MiCA’s passporting mechanism. The licence follows MiCA’s full effect in December 2024 and requires exchanges to meet capital adequacy, customer-asset segregation, disclosure and national regulator approvals. KuCoin says this approval is part of its wider compliance drive — the “$2 Billion Trust Project” — and points to recent controls and certifications including SOC 2 Type II, ISO 27001:2022, ISO 27701, Cryptocurrency Security Standard (CCSS) and third‑party proof‑of‑reserves audits. Under the change, most EEA users (except Malta) will be migrated to a MiCA-compliant KuCoin EU platform, and new registrations on KuCoin Global will be blocked in the region. The licence places KuCoin alongside other major exchanges that secured MiCA authorisation (Coinbase, Kraken, Bitstamp) and should broaden EU market access and institutional credibility. For traders, MiCA brings clearer disclosure, enhanced customer-asset protections and operational standards; KuCoin’s approval may shift regional user flows and competitive positioning and could influence institutional order flow into the exchange.

Trump Media & Technology Group and Crypto.com plan to launch a publicly traded vehicle centered on Cronos (CRO) through a SPAC business combination with Yorkville Acquisition Corp (YA II PN, Ltd). The proposed Trump Media Group CRO Strategy, Inc. treasury would exceed $6 billion and include approximately 6.3 billion CRO tokens, $200 million in cash, $220 million in warrants and a $5 billion equity line of credit. Trump Media has committed to buy $105 million of CRO and to integrate CRO into Truth Social and the forthcoming Truth+ streaming rewards and payments. The combined group plans to run a Cronos validator node targeting roughly 6% APY for staking rewards and positions CRO as a utility token for transactions, governance and staking. Management changes are planned after close, with Steve Gutterman named CEO and Sim Salzman CFO; the deal is expected to close in early 2026. The announcement follows scrutiny and a 78-page report alleging political connections and regulatory favoritism in Trump-branded crypto ventures. Traders should note key risk vectors: a concentrated public treasury holding a large CRO allocation, the token’s year-to-date decline (~47%), political and regulatory scrutiny, and concentrated buy-ins — all of which can amplify volatility despite the long-term growth framing. Primary keywords: Cronos, CRO, Crypto.com, Trump Media, SPAC merger. Secondary/semantic keywords: treasury, staking rewards, validator node, Truth Social integration, regulatory scrutiny, market cap decline.

Abu Dhabi Global Market (ADGM) and its regulator FSRA have approved Ripple’s tokenized US dollar, RLUSD, for institutional use within the ADGM financial free zone. The designation allows licensed institutions and regulated entities in ADGM to custody, transact and settle in RLUSD for approved financial services. Ripple says RLUSD is issued by regulated custodians and is designed for institutional settlement and liquidity; the company also reports the token’s market cap has surpassed $1 billion. The approval follows Ripple’s broader UAE licensing and regional partnerships (including Dubai and Gulf trials) and aligns with Abu Dhabi’s move to expand regulated digital‑asset infrastructure. Market implications for traders: increased institutional on‑ramps and higher potential settlement volumes for RLUSD could boost demand and liquidity for the tokenized dollar within a regulated jurisdiction, supporting tighter spreads and deeper order books. Watch for renewed institutional flows, custody integrations and pilot rollouts with regional partners that may raise RLUSD trading volumes and on‑chain settlement activity. Relevant keywords: RLUSD, Ripple, Abu Dhabi Global Market, institutional stablecoin, tokenized dollar, custody, regulated digital assets.

Bitcoin surged past $85,000 on OKX, reaching $85,016 intraday, reflecting bullish momentum driven by institutional demand and strong buying pressure. Traders should monitor support around $83,000 and resistance at $86,000, watch if the $85,000 level holds for clues on further upside, and gauge short-term volatility using order book depth and funding rates. Continued institutional interest may fuel additional gains and spill over into altcoins.

Spot Bitcoin ETFs recorded strong net inflows this week, with $524 million on Tuesday and $238.4 million on Friday, reversing a $903 million outflow. BlackRock’s IBIT led Bitcoin ETF flows, followed by Fidelity’s FBTC/FETH, Ark Invest’s ARKB, Grayscale’s GBTC and Bitwise’s BITB. Ethereum ETFs ended an eight-day outflow streak with $55.7 million inflows, driven by Fidelity’s FETH. Solana ETFs extended a 10-day inflow run, reaching $510 million since their October launch. Concurrently, Ether’s 15% weekly price drop triggered $460 million of long liquidations, but futures funding rates climbed to 6%, signaling renewed bullish sentiment. Bitcoin prices dipped to $103,000 before rebounding above $104,700. These Bitcoin ETFs flows underscore growing demand for crypto ETFs and may push prices toward the $108,000–$110,000 resistance zone.

BlackRock has registered the iShares Staked Ethereum Trust as a statutory trust in Delaware, marking the first step in launching a US-listed Ethereum staking ETF. Unlike the firm’s $13.1 billion spot Ethereum ETF, the new Ethereum staking ETF will hold ETH and stake a portion via third-party custodians, passing 3–4% annual staking rewards directly to shareholders. This filing launches a race among asset managers including VanEck, 21Shares, Fidelity, Franklin Templeton and Grayscale. BlackRock must file Form S-1 with the SEC and navigate final custody and staking rules before a possible Q2 2026 launch. Following the announcement, ETH rebounded from an intraday low near $2,870 to above $3,000. On-chain data shows whale accumulation at the $2,800 support level, coinciding with the realized price of large holders and retail investors. Meanwhile, spot Ethereum ETFs saw outflows last week. Traders should monitor the SEC approval timeline, staking yield trends and continued whale buying for potential bullish signals. The launch of a US-listed Ethereum staking ETF could boost market liquidity, reignite investor demand and provide attractive staking yields.

New Hampshire has authorized the issuance of up to $100 million in Bitcoin-backed municipal bonds, marking the first state-level test of digital assets in public debt. The New Hampshire Business Finance Authority approved taxable pipeline revenue bonds for WaveRose Depositor, LLC secured solely by over-collateralized Bitcoin held by BitGo. The bond structure requires a 160% collateral ratio with automatic liquidation at 130%, offering risk protection without taxpayer liability. Net proceeds will create a Bitcoin Economic Development Fund to drive local innovation. Backed by legislation permitting municipal crypto investments and a 5% Strategic Bitcoin Reserve, these Bitcoin-backed municipal bonds bridge fixed income and digital assets, potentially paving the way for similar offerings across the US.

The Bitcoin ETF market saw net outflows of 1,723 BTC on Nov 4 and a sharper exit of 6,105 BTC by Nov 19, underlining a shift in institutional demand. According to Lookonchain data, BlackRock’s iShares Bitcoin Trust led Bitcoin ETF outflows with withdrawals of 1,748 BTC followed by 5,628 BTC, reducing its assets from 799,701 BTC (US$83.6 billion) to 782,852 BTC (US$71.7 billion). Similarly, Ethereum ETFs recorded net outflows of 38,833 ETH and 40,442 ETH over the same dates. BlackRock’s iShares Ethereum Trust topped Ethereum ETF withdrawals with 22,681 ETH then 52,612 ETH, cutting holdings from 3,970,064 ETH (US$14.1 billion) to 3,656,670 ETH (US$11.19 billion). These ETF fund flows reflect profit-taking and portfolio rebalancing by asset managers amid market uncertainty. Monitoring Bitcoin ETF and Ethereum ETF flows provides traders with key insights into market sentiment and potential price pressure in the volatile crypto sector.

The Czech National Bank launched a $1 million crypto pilot outside its official reserves on October 30, 2025. The pilot portfolio holds Bitcoin, a US dollar–pegged stablecoin and tokenized deposits to test digital assets, trading, custody, audits and AML compliance. Through the CNB Lab Innovation Hub, the bank will explore blockchain, AI tools, instant payments and tokenization over the next two to three years. Governor Aleš Michl also sees the koruna moving into tokenized investments for everyday use. Earlier this year, the bank considered allocating up to 5% of its $146 billion reserves to Bitcoin but did not secure board approval. This cautious crypto pilot aligns with global central bank digital currency trials and offers traders insights into growing institutional engagement in digital assets.

Nasdaq will list the first U.S. spot XRP ETF, XRPC, on November 13, 2025. The fund, managed by Canary Capital, tracks the XRP-USD CF Benchmarks Reference Rate Index and charges a 0.50% fee. U.S. Bancorp Fund Services handles transfer agency, while Gemini and BitGo provide institutional-grade custody. XRP’s $143 billion market cap and cross-border payment use have driven strong institutional demand. After the Solana Staking ETF (BSOL) attracted $531 million in its first week, analysts expect the XRP ETF to see substantial inflows, potentially surpassing the Solana ETF. Listing on Nasdaq removes the need for crypto wallets or exchanges, simplifying spot XRP ETF access for retail and institutional investors.

Solana spot ETFs have attracted nearly $600 million in assets since launch, logging net inflows for 10 consecutive days. Last week, the funds recorded $6.8 million in weekly net inflows. Bitwise’s BSOL led with $5.9 million, while Grayscale’s GSOL added $0.9 million. Overall AUM now stands at $598 million and the net asset ratio is 0.64%. Derivatives open interest remains steady at $3.4 billion and funding rates average -0.0009, indicating balanced market sentiment. SOL trades around $165, down about 1–2.3% in 24 hours, testing resistance at $170 and support at $160; a break below could target $150. On-chain metrics remain robust, with daily active addresses elevated. Strong spot demand and sustained ETF inflows highlight growing market maturity and suggest bullish momentum for SOL.

Nine XRP spot ETF applications have been listed on the DTCC platform, a record high ahead of official approvals. Issuers include Franklin Templeton, Bitwise, 21Shares, Canary Capital, CoinShares, Volatility Shares and Amplify. Canary Capital’s amended 8-A filing has secured Nasdaq approval, positioning it as the first ’33 Act spot XRP ETF to launch imminently. Bitwise and Grayscale also updated their S-1 filings, signalling their own ETF debuts. With the U.S. government shutdown over, the SEC has resumed full ETF reviews, clearing a backlog of seven pending XRP spot ETF approvals. XRP price jumped over 12% on November 10 amid ETF optimism and government funding news. Analysts forecast up to $5 billion of inflows in the first month, mirroring the success of bitcoin spot funds. Enhanced regulated access to XRP via these ETFs could boost liquidity, institutional adoption and price momentum.

In October 2025, Coinbase filed for a national trust charter with the US Office of the Comptroller of the Currency (OCC). The Coinbase trust charter aims to simplify crypto custody and integrate digital assets into the broader financial system under a federal framework. The Independent Community Bankers of America (ICBA) formally challenged the application. It raised concerns about untested custody duties, profitability during market downturns, and the effectiveness of federal receivership tools. Coinbase’s Chief Legal Officer, Paul Grewal, dismissed these objections as bank protectionism. He argued that critics prefer crypto to remain unregulated. If approved, the Coinbase trust charter would allow Coinbase and other crypto firms to operate under federal oversight rather than state charters. Approval could shift custody services toward a unified federal model. A denial or prolonged delay would maintain the current state-by-state system. Traders should monitor the OCC’s estimated 12–18 month review timeline to gauge potential impacts on crypto custody and market regulation.

Former President Donald Trump denied any personal or financial ties to Binance founder Changpeng Zhao during a November 2 ’60 Minutes’ interview, rejecting claims that the exchange financed stablecoin purchases for pro-Trump groups. He characterized Zhao’s legal proceedings as politically motivated and insisted his pardon of Zhao — who served four months in prison and paid a $4.3 billion settlement for money laundering charges — was not politically driven. Trump emphasized the importance of cryptocurrency to the US economy and urged America to lead innovation in the cryptocurrency industry, particularly against rivals such as China. Meanwhile, Zhao faces renewed scrutiny after U.S. Senate Democrats, led by Senator Elizabeth Warren, called for a federal investigation into potential conflicts over a proposed USD stablecoin for Trump’s crypto venture. Reports also suggest Zhao may file a defamation lawsuit against Warren. Traders should monitor developments at Binance and evolving regulatory dynamics, as these factors could impact BNB’s performance in both short- and long-term trading.

Strategy Inc’s Bitcoin accumulation continues with a 397 BTC purchase for $45.6 M at an average $114,711 per Bitcoin. This 13th consecutive Bitcoin accumulation move, and fourth straight week of buying, was funded from internal reserves and boosts total holdings to 641,205 BTC—valued at $69.17 B with a cost basis of $47.49 B and unrealized profit over $21 B. Year-to-date, these Bitcoin assets have delivered a 26.1% yield. Despite a 2.5% dip in Bitcoin to around $107,354 over the past 24 hours, Strategy’s aggressive corporate treasury model remains intact. Its lead has inspired peers like Aifinyo AG and DDC Enterprise to adopt similar approaches. Institutional investment, political-risk hedging amid a US government shutdown, and optimism over regulatory clarity point to sustained bullish momentum for Bitcoin.

Romania’s National Office for Gambling (ONJN) ordered ISPs to block Polymarket’s website. The regulator deemed the platform an unlicensed crypto wagering service. ONJN found Polymarket processed over $600 million in bets on real-world events without a Romanian gambling license. It cited gaps in financial reporting, user protection, and anti-money laundering controls. President Vlad-Cristian Soare noted that local gambling laws apply to blockchain-based betting. Polymarket must secure a valid license and implement mandatory safeguards. This move echoes global restrictions by the US CFTC, France, Belgium, Poland, Singapore, and Thailand. Traders should watch regulatory shifts, as similar bans could impact DeFi access and market confidence.

Democratic Representative Ro Khanna has introduced a new crypto trading ban bill in the US House. The proposed legislation would bar the president, vice president, members of Congress and their families from owning, creating or trading cryptocurrencies and stocks. It requires officials to place existing digital asset holdings in blind trusts during their term and for two years afterward, and to disclose all crypto transactions. The bill expands Khanna’s stalled 2023 Ban Congressional Stock Trading Act by adding memecoins, stablecoins, NFTs and DeFi platforms. It directly targets former President Trump’s alleged use of endorsements to boost opaque crypto ventures and criticizes Trump’s pardon of Binance CEO Changpeng Zhao. This crypto trading ban bill aims to strengthen oversight, prevent conflicts of interest and shape US crypto regulation.

Evernorth Holdings, backed by Ripple, has accumulated over 388.7 million XRP tokens, investing about $1 billion at an average price of $2.44. At the current market price of $2.66, this positions its XRP portfolio at $1.03 billion, netting an unrealized gain of $85.5 million. The firm plans to go public via a SPAC merger with Armada Acquisition Corp II, targeting at least $1 billion in new funding to build a large-scale XRP treasury. CEO Asheesh Birla leads the initiative, with Ripple’s Brad Garlinghouse, Stuart Alderoty and David Schwartz joining as strategic advisors. A second Ripple-backed XRP treasury project is also underway, aiming to further expand institutional adoption. This large-scale XRP accumulation has driven the token up 1.5% and supported a 10% weekly gain. The move signals growing institutional confidence in XRP and reignites speculation over potential U.S. spot XRP ETFs.

Spot Bitcoin ETFs posted a $477.2 million net inflow on October 21, reversing four days of withdrawals and lifting trading volume to $7.41 billion. After a brief outflow, ETFs returned to net inflows of $20.3 million on October 23, led by BlackRock’s IBIT ($107.8 M), Bitwise’s BITB ($17.4 M) and Fidelity’s FBTC ($7.2 M), offsetting redemptions from Grayscale’s GBTC and Ark’s ARKB. Meanwhile, spot Ethereum ETFs attracted $141.6 million on October 21 but saw $127.5 million in outflows on October 23, extending a week-long retreat. Bitcoin rebounded above $110,000 to $111,200 and hit a weekly high of $113,940. A break above $112,000 could pave the way to $115,800, supported by a rising RSI, while failure to hold $110,000 may test support at $105,000 and $100,000. Sustained ETF inflows and trading volume will be critical to confirming a bullish breakout.

FalconX has agreed to acquire Swiss ETP issuer 21Shares in an all-stock deal valued at $1.15 billion. The merger combines FalconX’s US distribution, liquidity and prime brokerage services—which have facilitated over $2 trillion in trading volume for more than 2,000 institutional clients—with 21Shares’ European ETP issuance platform and 55 exchange-listed products managing over $11 billion in assets. The acquisition positions FalconX at the forefront of the crypto ETF boom following SEC approval of spot Bitcoin ETFs. 21Shares will continue to operate independently under CEO Russell Barlow, while founder Hany Rashwan’s team integrates to develop tailored crypto investment vehicles. No changes are planned for existing European ETPs or U.S. ETFs. Traders can expect expanded access to regulated crypto ETFs and ETPs.

Mutuum Finance has entered Phase 6 of its token presale, selling over 70% of tokens at $0.035 each and raising $17.75 million from more than 17,340 investors. The DeFi protocol uses a dual-lending framework that combines peer-to-peer and peer-to-contract models to optimize capital efficiency and real-world utility. Mutuum Finance’s gamified leaderboard rewards top participants with $500 in MUTM tokens daily, fueling strong community engagement and liquidity. The project plans to launch its V1 lending and borrowing protocol on the Sepolia Testnet in Q4 2025, featuring liquidity pools, mtTokens, debt tokens, a liquidator bot, and ETH/USDT collateral options. With robust presale demand and an aggressive roadmap, Mutuum Finance stands out as a compelling DeFi contender offering significant upside potential for crypto traders.

On October 22, Bitcoin fell sharply on OKX, plunging over 5.7% to below $107,000 amid renewed market volatility and cautious trader sentiment. The sudden sell-off, driven by profit-taking and macroeconomic uncertainties, pushed Bitcoin through key support levels at $108,000 and toward $105,000. Major altcoins felt pressure, with Ethereum dipping under $3,800 as other tokens retraced recent gains. Traders should monitor volume spikes, on-chain indicators and the $105,000 support zone for signs of a potential rebound or further decline.

DeFiLlama has quietly relisted perpetual futures exchange Aster on its analytics platform weeks after delisting it over suspected wash trading. On October 5, DeFiLlama detected near-perfect 1:1 volume matches between Aster and Binance on pairs like XRP/USDT and ETH/USDT, sparking concerns over manipulated data. Despite lacking order-level transparency, Aster appealed for reinstatement while DeFiLlama builds enhanced data metrics. The unannounced relisting leaves gaps in Aster’s historical volume charts and complicates long-term analysis. Aster now tops DeFiLlama’s 24-hour perpetual futures volume with $15.16 billion and holds $3.33 billion in open interest, though figures remain under scrutiny. The exchange also delayed its “Genesis: Stage 2” airdrop due to data inconsistencies. This episode highlights ongoing DeFi analytics challenges around data transparency, wash trading and market integrity.

WazirX has received High Court of Singapore and ACRA approval for its $240 million hack recovery restructuring plan after locking 6.6 million user accounts, with 95.7% creditor support. The ruling unfreezes $234 million in assets and paves the way for users to reclaim 75–80% of frozen BTC balances. Payouts will be made via crypto, cash and newly issued Recovery Tokens that grant pro-rata shares of future revenue and recovered funds. Under the scheme, operator Zettai Pte Ltd must meet regulatory filings before it becomes effective. WazirX has partnered with BitGo to enhance custody security. The exchange targets a relaunch within 10 business days, a development expected to restore trader confidence and influence BTC liquidity and market sentiment.

The Ethereum Fusaka upgrade activated on Sepolia testnet follows successful Holesky trials in October. The Ethereum Fusaka upgrade raises the block gas limit to 60 million and introduces Peer Data Availability Sampling (PeerDAS, EIP-7594), allowing validators to verify transaction data by sampling chunks from peers instead of downloading full datasets. These enhancements reduce storage requirements and improve data availability, boosting network scalability, throughput, and efficiency. Traders should monitor Sepolia’s performance as a gauge for the December mainnet rollout, which could influence ETH liquidity and market sentiment.

North Dakota’s state-owned Bank will launch Roughrider Coin, a USD-backed stablecoin built with Fiserv on the FIUSD platform, in 2026 pending Industrial Commission approval. Roughrider Coin offers one-to-one dollar reserves at FDIC level to power bank-to-bank settlements, including interbank transfers, loan disbursements and overnight lending. Future phases may extend to merchant payments and on-chain settlements, bridging TradFi and crypto. The token aims to speed up settlement, enhance transparency and reduce systemic risk, competing with established stablecoins like USDC and USDT. Interoperability and FIUSD’s technical bridges will determine expansion beyond institutional use. This move marks a key step in regulatory acceptance of blockchain-based money, fostering long-term trust without immediate price impact.