Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Polymarket ‘Bankman-Fried pardon odds’ jumped from 5.6% to over 12% in 12 hours following former Binance CEO CZ’s pardon by Trump, then surged to 15.5% as traders staked over $6.5 million. One contract peaked at 19.1% with $302,000 bet on clemency. Early release odds for 2025 reached a high of 15% before settling near 12%. Analysts attribute the rapid repricing to sentiment-driven trading on political signals rather than legal developments. Polymarket’s U.S. expansion, backed by CFTC approval and the $112 million QCEX acquisition, has boosted trading volumes. Sam Bankman-Fried, serving a 25-year sentence for $8 billion fraud, remains reliant on a presidential pardon. Traders will watch White House cues for further shifts in Bankman-Fried pardon odds and broader crypto markets.

Nordea Bank will introduce a CoinShares Bitcoin ETP on its platform in December 2025. The execution-only product synthetically tracks Bitcoin’s price. It requires no direct custody or private key management, and trades on regulated exchanges through existing Nordea accounts. This launch follows rising client demand across Denmark, Norway, Sweden and Finland, as well as clearer licensing under the EU’s MiCA regulation. By offering a regulated Bitcoin ETP, Nordea reduces self-custody risks and operational complexity for investors. CoinShares also extends its digital asset suite with Ethereum ETPs. Market experts view the move as a key milestone in institutional adoption of crypto in Europe. The Bitcoin ETP could attract fresh inflows, bolster liquidity and confidence, and pave the way for other banks to offer crypto products amid a maturing market.

Western Union has filed a trademark application for “WUUSD” with the US Patent and Trademark Office, expanding its stablecoin offerings. The Oct. 29 filing covers crypto wallet software, stablecoin payment processing, trading services, lending and exchange functions under a broader Digital Asset Network. This move follows its October announcement of the USDPT stablecoin, set to launch on Solana in early 2026 via Anchorage Digital Bank with global transfers and cash redemption channels. Analysts at William Blair expect the strategy to lower remittance settlement costs and boost capital efficiency. The WUUSD trademark, filed one day after the USDPT launch announcement and overlapping a prior USDPT trademark, hints at a multi-token approach. Backed by clearer rules under the US GENIUS Act, Western Union’s stablecoin push marks its most significant blockchain involvement since its 2018 Ripple pilot. The initiative could reshape remittance markets and prompt other legacy payment firms to accelerate their crypto offerings.

Canary Capital updated its S-1 filing by removing the delaying amendment, triggering the 20-day auto-effective window under the Securities Act of 1933. If the SEC raises no further comments and Nasdaq approves its Form 8-A, the fund could launch as a spot XRP ETF on November 13. However, final SEC review and potential amendment requests still pose timing risks. Meanwhile, existing XRP ETF products from Teucrium, Volatility Shares, Rex-Osprey, ProShares and Purpose have drawn significant investor inflows. Teucrium’s leveraged XRP product leads with over $384 million, and Rex-Osprey holds $114.6 million. These figures underscore strong market demand ahead of the new ETF launch. Traders should watch SEC feedback, Nasdaq approval and asset movement for trading opportunities in the XRP ETF sector.

Ethereum Fusaka Upgrade goes live on mainnet on December 3. This major protocol update boosts the block gas limit from 30 million to 150 million units. It integrates PeerDAS (EIP-7594) to improve Layer 2 data validation by sampling blob data. The upgrade follows successful testnet runs on Sepolia, Holesky and Hoodi, and builds on Dencun and Shapella enhancements as part of the Surge roadmap. A four-week security audit tournament offers $2 million in rewards. Despite $220 million in recent ETH liquidations, the Ethereum Fusaka Upgrade enhances network throughput, scalability and resilience. Traders should watch gas fees, layer-2 integration and preparation for future danksharding.

Bybit has partnered with Anchorage Digital to launch bbSOL institutional custody, offering segregated wallets, insurance coverage and compliance oversight for bbSOL, Bybit’s Solana-based liquid staking token. The bbSOL institutional custody solution enhances security and regulatory adherence, meeting growing demand from professional investors and strengthening market confidence. Bybit leverages this partnership to boost liquidity and on-chain yield opportunities without locking SOL, allowing institutions to earn staking rewards seamlessly. Solana (SOL) trades around $195, up 0.3% daily and 4% weekly with a market cap above $107 billion. Analysts remain bullish: one forecasts a break above $194 support could trigger a rise to $295–$400 via a five-wave Elliott impulse, while another notes that sustained closes above $260 may spark an explosive rally. This collaboration is set to accelerate institutional adoption of bbSOL and support both short-term momentum and long-term market stability.

Uphold has relaunched its US debit card, this time on the Mastercard network, offering up to 10% back in XRP rewards to boost crypto adoption. Available nationwide with no annual or monthly fees, the card supports Apple Pay and Google Pay and lets users spend over 300 digital assets in-store or online. By default, cardholders earn 1.5% back in BTC, 2% in ETH and 3.5% in XRP on purchases. Rewards jump to 10% on eligible spending when users stake XRP via Uphold’s Earn program during an initial 90-day promotion. The service returns after a March 2023 pause amid regulatory uncertainty, signaling renewed confidence in crypto payments. Competing products such as Gemini’s 4% SOL credit card underscore intensifying competition. XRP trades near $2.45 with support at $2.26 and resistance at $2.55. Uphold’s strategy to drive adoption through high-yield rewards positions it against rivals like Coinbase and BlockFi.

Ethereum core developers have confirmed the Fusaka upgrade will activate at block 19,620,000, currently estimated around March 26, 2024. The Fusaka upgrade introduces EIP-4844 (proto-danksharding) to reduce Layer-2 rollup calldata costs by up to 90%, easing network congestion and lowering gas fees. Node operators and infrastructure providers should prepare now: Goerli and Sepolia testnets will fork in mid-March, and client teams such as Geth, Nethermind and Erigon have finalized support for the upgrade. Beyond proto-danksharding, the Fusaka upgrade bundles consensus and execution layer optimizations aimed at boosting network throughput and data availability. By lowering transaction costs and supporting higher volumes, the upgrade is designed to drive broader DeFi and NFT activity, pave the way for full danksharding, and enhance rollup adoption. Industry experts view this major milestone as bullish for Ethereum, predicting increased ETH demand and sustained network growth.

SpaceX moves over $900M in Bitcoin to a new self-custody wallet in two major transfers tracked by Arkham Intelligence. First, it sent 281 BTC (~$31M) from Coinbase Prime to an institutional wallet. Then, it consolidated 94,000 BTC (~$894M) from Coinbase Custody into a self-hosted wallet. These moves underline SpaceX’s long-term Bitcoin conviction and a focus on security. No sales were recorded. Traders should watch related BTC wallet activity and on-chain data for potential market impacts.

Australia’s Securities and Investments Commission (ASIC) has expanded its digital asset licensing guidance under the Corporations Act 2001, replacing “crypto assets” with “digital assets” and specifying 13 scenarios—such as staking programs, wrapped tokens and fiat-backed stablecoins—that qualify as financial products requiring an Australian Financial Services (AFS) licence. Custodians holding client assets must meet net tangible asset requirements up to A$10 million unless custody is incidental, and stablecoins may also fall under non-cash payment facility rules. Offshore and decentralized platforms marketed to Australian users remain subject to local oversight. ASIC will offer a transitional no-action position until mid-2026 to allow firms time to apply for licences. This guidance paves the way for the upcoming Digital Asset Platforms and Payment Service Providers legislation, aiming to enhance market clarity and manage risks in Australia’s growing digital asset sector.

US spot altcoin ETFs for Solana (BSOL), Hedera (HBR) and Litecoin (LTCC) launched on October 27, drawing a combined $65 million in first-day trading volume. The Solana ETF led with $56 million in volume, but SOL fell 3.6% to $191 as traders engaged in profit-taking after pre-launch hype. Hedera’s spot ETF saw $8 million in trades, coinciding with a 4.9% jump in HBAR to $0.193, supported by enterprise network interest and potential staking yields. The Litecoin ETF recorded only $1 million in volume, and LTC dipped 3.3% to $96, underscoring limited appeal for legacy assets. This altcoin ETF debut highlights selective investor focus within the US crypto market. Institutional and retail traders rewarded assets with strong fundamentals or staking opportunities, while established tokens faced sell-the-news pressure. Key indicators showed neutral-to-weak momentum for SOL and LTC, versus bullish sentiment for HBAR, suggesting capital rotation into lower-cap Layer-1 projects. Traders should monitor ongoing ETF flows, regulatory updates and technical signals to gauge demand shifts and identify trading opportunities in regulated crypto markets.

The MegaETH token sale closed within minutes after drawing over $450 million in bids against its $50 million cap. This MegaETH token sale allocated just 5% of the 10 billion MEGA token supply, with bid tiers ranging from $2,650 to $186,282. Participants who lock MEGA tokens for one year receive a 10% discount, but due to heavy oversubscription, many bidders will only secure partial allocations. On-chain analysts warn this frenzy may be driven more by FOMO than fundamentals. MEGA tokens are set to launch on selected centralized and decentralized exchanges in January 2026, powering new Layer-2 features like sequencer rotation and proximity markets. Traders should weigh the initial bullish sentiment of the MegaETH token sale against the risks of inflated valuations in early-stage crypto projects.

On October 27, Solana co-founder Anatoly Yakovenko took to X to challenge Ethereum L2 security and decentralization claims. He branded the idea that Layer 2s inherit Ethereum L1 security as unfounded, citing large attack surfaces, bloated codebases and reliance on multi-signature custody models that can move funds without user approval. Yakovenko also compared ETH bridged via Wormhole on Solana with ETH on Base, saying both face similar worst-case risks and generate comparable revenue for ETH L1 stakers. His critique intensifies the Solana vs Ethereum L2 debate and underscores persistent security and decentralization challenges in Ethereum’s scaling strategy.

Bitplanet, a KOSDAQ-listed tech firm formerly known as SGA, has executed South Korea’s first regulated corporate Bitcoin purchase, acquiring 92.67 BTC (approx. $10.9 million) via a FIU-supervised domestic exchange. This milestone follows Bitplanet’s $50 million acquisition to rebrand in September 2025 and a $40 million fundraising round backed by Sora Ventures, UTXO Management, Metaplanet and ParaFi Capital. The company has set up regulated custody solutions and real-time auditing to meet the Virtual Asset User Protection Act and prepare for the Digital Asset Basic Act in 2027. Part of a disciplined plan to accumulate 10,000 BTC, Bitplanet’s compliance-focused model signals growing institutional adoption of Bitcoin and could prompt more publicly traded firms in Korea to diversify their corporate treasury strategies.

Snorter Token presale has raised over $5.7 million on Solana, up from $5.3 million, at $0.1083 per SNORT. The Telegram-based crypto trading bot scans Solana, Ethereum and Binance networks for high-potential meme coins. Snorter Token presale offers up to 99% staking APY, a 0.85% trading fee discount and multi-chain features like automated swaps, snipes, stop-loss and MEV protection. With Solana up 6.74% to $203, traders have a final chance to join before the presale ends today.

SUI price remains trapped between $2.30 support and $3.00 resistance amid a bearish trend. After tumbling to $2.00 and briefly rallying to $3.01, the altcoin stabilized near $2.49 above the $2.30 support level. Daily technical analysis shows the 21-day SMA below the 50-day SMA, confirming downward bias. On the 4-hour chart, horizontal moving averages and frequent Doji candlesticks signal consolidation. A decisive break above $3.00 and the moving averages could trigger a bullish reversal, while a drop below $2.30 risks a slide toward $2.00. Traders should monitor SUI price at these key support and resistance zones for optimal entry and exit.

Bunni DEX permanently shut down on September 2 following an $8.4 million DeFi exploit that leveraged flash loans to manipulate its Liquidity Distribution Function. Attackers triggered rounding errors across Ethereum and Unichain stablecoin vaults, siphoning over $2.3 million through multiple DeFi protocols before converting funds into ETH and other stablecoins. Prior to the breach, Bunni DEX’s TVL had surged from $2.2 million to nearly $80 million. In response, the team paused all smart contracts and urged users to withdraw assets immediately. Remaining treasury funds will be distributed to BUNNI, LIT and veBUNNI token holders based on a blockchain snapshot, with developers excluded. Facing six- to seven-figure audit and redevelopment costs, Bunni DEX lacks the resources to relaunch. To foster community collaboration, the v2 code has been relicensed under MIT, making its liquidity-driven fee model open source. The team will cooperate with law enforcement to recover stolen assets.

WazirX, the Indian crypto exchange, will resume trading and crypto withdrawals on Oct 24, marking its first activity since a July 2024 $235 million hack. The platform implements a four-phase token listing from Oct 24–27, introducing 25% of assets daily in USDT markets before adding INR pairs. Zero trading fees apply for the first 30 days. INR deposits and withdrawals are already live, with crypto withdrawals reactivated upon launch. The relaunch follows Singapore High Court approval of parent Zettai Pte Ltd’s restructuring scheme. WRX token jumped roughly 32% to $0.099 and trading volumes rose 95%, reflecting renewed confidence. Bitcoin trades near $109,400, down 1.7% over the past week. Traders should monitor liquidity shifts, limit large orders early, and track official updates to navigate potential volatility.

Trezor Safe 7 is a quantum-ready hardware wallet featuring an open-source TROPIC01 security chip and an EAL6+ certified secure element. With a post-quantum upgradeable bootloader, a hybrid signature scheme and a 2.5-inch color touchscreen, the wallet combines open-source security with usability. It offers Bluetooth Low Energy via the open-source Trezor Host Protocol, Qi2 magnetic wireless charging, an anodized aluminum unibody, Gorilla Glass 3, IP54 dust and water resistance, and a LiFePO4 battery. Through Trezor Suite, traders can manage multiple coins, trade, stake and integrate third-party apps. Priced at USD 249, the Trezor Safe 7 and a Bitcoin-only edition are available for pre-order now, shipping from November 23, 2025 in three colors. The Trezor Safe 7 ensures long-term protection against quantum threats, making it a key security upgrade for traders.

Hyperliquid Strategy, formed in July via the merger of Nasdaq-listed Sonnet BioTherapeutics and SPAC Rorschach I LLC, holds 12.6 million HYPE tokens and $305 million in cash. The firm has filed an SEC S-1 to raise up to $1 billion for corporate operations and additional HYPE token acquisitions. Upon closing, it will become the largest corporate HYPE holder. Hyperliquid plans to stake nearly all HYPE tokens to secure consistent staking rewards and explore DeFi yield strategies, echoing a MicroStrategy-style altcoin treasury model. The HYPE token price surged 11% to $39.02 on the filing news. Traders should watch the SEC approval timeline, token distribution events, and liquidity shifts. A successful capital raise could drive HYPE token demand and wider altcoin adoption, but regulatory and execution risks may trigger volatility.

Onchain Lens data shows a newly created wallet performed significant OKX ETH withdrawals, moving 11,860 ETH over three days and a further 8,491 ETH in two hours on October 23. The combined 20,351 ETH outflow (~$78.27m at current prices) ranks among OKX’s largest recent single-entity withdrawals. Such OKX ETH withdrawals often reflect whale accumulation or transfers to self-custody, tightening exchange supply. The unknown identity behind the withdrawals adds uncertainty and potential volatility. Crypto traders should monitor on-chain activity, order book shifts, and subsequent exchange flows to assess impact on ETH’s short-term momentum and longer-term market stability.

A major Bitcoin whale has reopened a $235 million 10x leveraged short between $111,000 and $111,500, after netting over $200 million in profits from last week’s crash to $100,000. On-chain data shows large holders face nearly $7 billion in unrealized losses as Bitcoin trades below its $113,000 average cost. A second whale boosted bearish exposure to 2,100 BTC, holding $5.8 million in paper gains. Negative funding rates, rising volatility and forced liquidations indicate continued bearish sentiment. Technical charts highlight resistance at $112,000 and support near $108,000 and $104,000 (200-day MA). Traders should monitor liquidation clusters around these levels for potential sharp intraday swings.

Minneapolis-based SharpLink Gaming has resumed its Ethereum treasury accumulation by purchasing 19,271 ETH at an average price of $3,892 per ETH. This addition to its Ethereum treasury, funded by a $76.5 million stock capital raise executed at a 12% premium to NAV, brings ETH holdings to 859,853 tokens, valued at over $3.5 billion. Since launching its corporate crypto strategy in June 2025, SharpLink’s ETH concentration per 1,000 diluted shares has doubled to 4.0, with staking rewards totaling 5,671 ETH. Following the announcement, its stock (SBET) dipped 2.6% to $14.40 but remains up over 440% year-to-date. ETH prices rebounded 4% post-purchase to $4,098 and trade around $3,988, up 0.8% in the past 24 hours. This move underscores growing institutional adoption of Ethereum and highlights a bullish corporate crypto strategy that may support ongoing ETH demand.

Anatoly Yakovenko has launched Percolator, a sharded perpetual futures DEX on Solana. Percolator features a Router module for collateral management, margining and cross-slab routing, and a Slab module as a standalone matching engine run by liquidity providers. GitHub hosts the complete documentation, including order book and memory pool structures. A testnet launch is expected soon as development of liquidation and governance modules nears completion. Percolator enters a competitive environment dominated by Hyperliquid, which currently captures 35% of on-chain revenue with its permissionless perpetual markets. By leveraging Solana’s parallel processing and high throughput, Percolator aims to boost capital efficiency, reduce latency, and expand Solana’s DeFi ecosystem into derivatives trading. Traders should watch Percolator’s testnet for opportunities in high-frequency futures strategies and monitor SOL’s performance ahead of launch.

Coinbase has submitted a 30-page response to the US Treasury under the GENIUS Act, calling for modernization of crypto AML compliance under the Bank Secrecy Act. The proposal recommends safe harbors for AI-driven and API-based blockchain analytics, integrating zero-knowledge proofs and decentralized identity to enhance privacy and reduce false positives. It also advocates know-your-transaction analytics to accurately trace digital asset flows and regulatory sandboxes to pilot public-private AML models. By emphasizing outcome-based guidelines over rigid mandates, Coinbase aims to reduce regulatory uncertainty, accelerate AI-powered transaction screening, and bolster detection of illicit crypto activity, ultimately helping exchanges scale compliance, foster innovation, and build confidence in crypto AML solutions.

A recent Coinbase Institutional survey of 124 investors finds 67% remain bullish on Bitcoin over the next 3–6 months. While 45% of institutions see the current bull cycle continuing, only 27% of retail investors agree. Major crypto treasury firms, including BitMine and Michael Saylor’s MicroStrategy, have been accumulating BTC and ETH during market dips, underpinning price support. Bitcoin has reclaimed key levels above $108,000 and briefly hit $111,000, while Ethereum hovers around $4,000 after an 11% monthly drop. Looking ahead to Q4, two potential Federal Reserve rate cuts and large money-market funds on the sidelines are cited as key liquidity drivers. Regulatory progress—such as the OCC charter and proposed market-structure bills—could further integrate crypto into traditional finance. Coinbase remains positive on Bitcoin’s outlook but adopts a cautious stance on altcoins. Traders should monitor Fed policy, liquidity flows, and institutional behavior for signals of sustained market momentum.

BlackRock has listed its iShares Bitcoin ETP on the London Stock Exchange after the FCA lifted its four-year ban on crypto exchange-traded notes (ETNs). Priced around $11 per unit, the physically backed Bitcoin ETP allows UK retail investors regulated access to BTC through traditional brokerage accounts without holding the asset themselves. Under the scheme, bitcoins are secured by licensed custodians—primarily Coinbase—with daily transfers from trading wallets into segregated cold storage. The product builds on BlackRock’s US spot Bitcoin ETF, extending its $85bn digital asset lineup under an institutional-grade infrastructure. The FCA, while still warning of crypto volatility and maintaining a retail ban on derivatives, now endorses blockchain-based fund tokenisation and will monitor market risks. Domestic interest in digital assets has climbed, with a 12% increase in investments since 2022 and projections suggesting four million UK crypto investors within a year. The launch marks a key step for mainstream Bitcoin adoption, potentially driving new inflows and reducing counterparty and rehypothecation risk.

MUFG, SMBC and Mizuho will issue a yen stablecoin on the MUFG Progmat blockchain platform by December 2025. The multi-chain stablecoin, compatible with Ethereum, Polygon, Avalanche and Cosmos, aims to streamline corporate payments with low-cost internal transfers, dividend distributions and cross-border settlements. Mitsubishi Corporation will pilot the yen stablecoin across 240 subsidiaries, covering over 300,000 clients and reducing traditional banking delays. Japan’s Financial Services Agency is finalizing regulatory approval for the yen stablecoin, following its authorization of JPYC’s stablecoin in late 2025, and is evaluating a USD-pegged version. Scalability plans include expansion to additional chains, signaling growing blockchain adoption and intensifying competition in Japan’s digital finance sector. Traders should note the new yen stablecoin launch may boost liquidity, cut settlement costs and set a precedent for bank-issued stablecoins.

An FT investigation shows the Trump family’s crypto ventures under World Liberty Financial generated over $1 billion in pre-tax profits over the past year. The WLFI token netted about $550 million, while USD1 stablecoin sales exceeded $2.71 billion, producing $42 million in fees. The TRUMP and MELANIA memecoins added $362 million and $65 million, respectively, despite trading over 90% below their peaks. USD1 has become the fifth-largest stablecoin with a $2.68 billion market cap. President Trump also holds $1.9 billion in Trump Media & Technology Group assets. Critics cite conflict-of-interest risks, prompting proposals like the COIN Act to bar officials from crypto business and calls for divestment.