Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Do Kwon, co‑founder of Terraform Labs, was sentenced to 15 years in a U.S. federal prison after pleading guilty to conspiracy to defraud and wire fraud tied to the 2022 collapse of the TerraUSD (UST) stablecoin ecosystem and LUNA tokens. U.S. District Judge Paul A. Engelmayer called the scheme a “fraud on an epic, generational scale,” noting about $40 billion in investor losses and widespread harm. The 15‑year term exceeds the 12 years sought by prosecutors and far outstrips the five years requested by the defense; Kwon will receive credit for roughly 17 months and 8 days of pre‑extradition custody. He agreed in plea deals to forfeit assets to compensate victims and to settle related SEC civil claims requiring substantial payments. Market reaction was negative: Terra Classic (LUNC) fell nearly 20% in 24 hours and the newer LUNA dropped over 10% following the sentence. Kwon still faces potential additional charges in South Korea that could add decades to his legal exposure. The case underscores intensified cross‑border enforcement of crypto fraud, and traders should reassess risk exposure, compliance implications and liquidity for residual Terra tokens.

Jupiter will launch JupUSD, a Solana-native stablecoin, next week in partnership with Ethena Labs. Announced by COO Kash Dhanda at Solana Breakpoint, the initial release will enable live trading and earning features on Jupiter’s platform. JupUSD was first revealed in October and is positioned to deepen DeFi liquidity and expand trading options across the Solana ecosystem. Jupiter also plans a third use case targeted for rollout in Q1 2026. Key details for traders: issuer — Jupiter; partner — Ethena Labs; blockchain — Solana; immediate features — trading and earning; planned additional use case — Q1 2026. Primary keywords: JupUSD, Jupiter stablecoin, Solana stablecoin. Secondary keywords: DeFi liquidity, stablecoin launch, Ethena Labs.

The FDIC is finalizing its first formal rule package under the GENIUS Act to regulate USD payment stablecoins issued by subsidiaries of FDIC‑supervised banks. Acting Chair Travis Hill told Congress a draft application framework — covering paperwork, disclosures and application standards for FDIC‑supervised issuance of USD‑pegged stablecoins — will be submitted to the House Financial Services Committee before the end of December 2025. That proposal will open a public comment period. A second proposal planned for early 2026 will set prudential measures: capital, liquidity and reserve‑asset diversification that ensure issuers can meet redemptions under stress. The GENIUS Act (signed July 2025) creates a multi‑agency oversight regime (FDIC, Fed, Treasury) and limits issuance to licensed entities; the Fed and Treasury are coordinating on capital, liquidity and diversification standards and have already sought public input. Market implications for traders: clearer federal paths for USD stablecoins should reduce regulatory uncertainty for bank‑sponsored stablecoins, but timing for new issuances may shift as issuers await final rules. Traders should watch the draft rules for scope (whether non‑bank issuers are covered), reserve composition rules, and proposed capital/liquidity thresholds — items that could affect supply dynamics, redemption risk perception, and short‑term market flows.

SEC Chair Paul Atkins announced an "Innovation Exemption" to take effect January 2026 that will allow qualified crypto firms to issue tokens and launch DeFi products without full SEC registration while meeting periodic reporting requirements. First proposed in July 2025 and delayed by the US government shutdown in Oct–Nov 2025, the exemption aims to reduce regulatory uncertainty that pushed development overseas, lower upfront legal costs for builders, and provide SEC visibility via mandated reports. The package includes a token taxonomy and targeted rule changes (a proposed four-category classification with mechanisms to remove security status after proven decentralization), plus coordination with Congress and the CFTC on market-structure legislation; the SEC retains authority to implement the exemption independently. For traders: expect faster token issuance and potential upticks in project launches from Jan 2026, shifting risk profiles as some tokens may avoid full registration but remain subject to reporting; monitor forthcoming regulatory guidance, Atkins’ speeches, and token classifications for implementation details that could affect liquidity, listings, and short-term volatility.

El Salvador has continued to bolster its Bitcoin reserves, adding approximately 1,098 BTC—valued at around $100 million—during last week’s market dip, bringing total holdings to roughly 6,375 BTC (~$649 million). The new reserve purchases, made when Bitcoin traded at its lowest levels in months, underscore the government’s dedication to cryptocurrency adoption and its strategy to diversify foreign reserves and hedge against currency volatility. By leveraging price slumps to expand Bitcoin reserves, El Salvador reinforces its role as a major government buyer and may boost market confidence. Traders will watch how these government-level acquisitions influence Bitcoin’s supply dynamics, trading sentiment, and long-term support for the coin.

On November 18, 2025, Ethereum price briefly dipped below the $3,000 support on OKX, trading at $2,999.68 after a 3.89% intraday loss amid a broader market correction. This breach underscores growing institutional selling pressure, regulatory uncertainty, and profit-taking. Short-term support levels now lie at $2,800 and $2,500. Traders should monitor key technical indicators—moving averages, RSI—and on-chain metrics such as whale transfers and exchange inflows, as well as trading volume and macroeconomic signals. Strategies like dollar-cost averaging, clear entry/exit points, and portfolio diversification can mitigate timing risk. Despite heightened volatility, Ethereum’s long-term fundamentals remain robust, driven by ongoing network upgrades and rising institutional demand. Future Ethereum price direction will hinge on the pace of protocol enhancements, market sentiment shifts, and wider crypto trends.

Luxembourg’s Intergenerational Sovereign Wealth Fund has allocated 1% of its €830 million portfolio (approximately US$9 million) to Bitcoin ETFs, marking the first Eurozone sovereign fund investment in Bitcoin ETF vehicles. Announced by Finance Minister Gilles Roth at Bitcoin Amsterdam 2026, the move reflects growing institutional demand for regulated digital assets. The fund’s new policy, effective July 2025, permits up to 15% in alternative assets and emphasizes ETF exposure over direct Bitcoin holdings to mitigate custody and operational risks. Roth cited Bitcoin’s market dominance, long-term value and mature infrastructure as key drivers. Luxembourg also publicly opposed EU-wide market centralization under ESMA, defending national regulatory flexibility. This landmark allocation aligns with similar shifts by Norway’s largest wealth fund and may spur additional Bitcoin ETF inflows, reinforcing price support and legitimizing cryptocurrencies within sovereign portfolios.

Japanese investment firm Metaplanet acquired 5,268 BTC for ¥91.6 billion and now holds 30,823 Bitcoin, representing 98.5% of its ¥550.7 billion balance sheet. The average purchase price was $108,000 per coin. This aggressive asset allocation underscores a shift toward Bitcoin as a core treasury reserve to hedge inflation, mitigate yen depreciation and boost long-term shareholder value. Metaplanet’s transparency in disclosing its holdings sets a benchmark for corporate treasury management and may spur other public companies to increase institutional investment in Bitcoin. Traders should watch for potential market volatility from large-scale acquisitions, the impact of rising spot Bitcoin ETFs and the approaching halving, as these factors could establish a price floor and reinforce Bitcoin’s scarcity narrative.

Spot Bitcoin ETFs reversed a two-week $6 billion inflow streak and have suffered four consecutive days of redemptions, including a $186.5 million outflow on Nov. 3, bringing total withdrawals since late October to $1.34 billion. Bitcoin ETF investors dumped shares amid an 8% weekly BTC price drop to $104,500, triggering forced liquidations of over 336,000 leveraged positions worth $1.36 billion in 24 hours. On-chain data show short-term holders (1–3 months) selling after prices fell below their $107,160 cost basis, while 3–6 month “smart money” begins accumulating. Technically, BTC has broken below its 50-day moving average, formed a double-top near $124,355 and may test its 50-week MA around $102,000; a drop below these levels could drive price toward $93,561, the average cost for 6–12 month holders. Rising macro risks—from U.S.-China trade tensions to U.S. government shutdown fears and banking strains—are also shifting traders into safe havens like gold.

On October 28, Ethereum price slid below the $4,100 mark on OKX, trading around $4,099 after a roughly 1.7% intraday drop. Despite stable trading volume, increased sell-side pressure highlights renewed market volatility. Traders are watching key support near $4,000 and resistance around $4,200 for signs of a rebound. With Ethereum price serving as a barometer for broader crypto market sentiment, monitoring macro triggers—including US economic data and Bitcoin trends—remains crucial for gauging the next ETH movement.

MicroStrategy hedged inflation risks by steadily buying Bitcoin since 2020. On October 26, CEO Michael Saylor highlighted another “Orange Dot Day” chart on X, confirming the latest weekly purchase. Between October 13–20, MicroStrategy added 387 BTC at an average cost of $74,010 per coin. Its total holdings now stand at 640,418 BTC, valued at about $72 billion at current prices near $114,000. This represents a 53% gain since the initial acquisition program. October’s modest buys follow September’s larger accumulation of over 7,000 BTC. To date, the company has completed 83 purchase events. MicroStrategy’s disciplined Bitcoin strategy underscores rising institutional demand and offers a bullish signal for traders monitoring market stability.

Japan’s Financial Services Agency (FSA) will amend the Financial Instruments and Exchange Act (FIEA) by 2026 to explicitly ban crypto insider trading based on undisclosed information—such as exchange listing plans and security vulnerabilities. The move authorizes the Securities and Exchange Surveillance Commission (SESC) to investigate suspicious trades, impose fines and refer cases for criminal prosecution. A response to a 120% surge in on-chain activity and rising retail exposure (7.9 million active accounts), these regulatory reforms aim to close self-regulation gaps, boost market integrity and investor confidence, and attract institutional participation. Final proposals are expected by year-end, with legislative amendments submitted to parliament in 2026. Experts say the rules could set a global standard and align Japan’s regime with Europe’s MiCA framework, potentially extending to DeFi transactions depending on statutory definitions.

Bank of England Deputy Governor Sarah Breeden has introduced temporary stablecoin caps on sterling-based tokens—£10,000–£20,000 for individuals and up to £10 million for businesses—to curb deposit outflows that could undermine lending and destabilise the UK financial system. These stablecoin caps will remain until regulators assess digital currency adoption and its impact on credit supply. A public consultation, planned by end-2025, will gather industry and public feedback on practical implementation, larger-firm exemptions and regulatory parameters. Crypto traders should watch consultation proposals and timelines closely, as outcomes may influence stablecoin liquidity, payment rails and short-term market dynamics.

Since its crypto presale launch, Ruvi AI (RUVI) has surpassed $4 million in funding, up from $3.7 million, with over 285 million tokens sold to more than 3,900 holders. Targeting the $104 billion creator economy, Ruvi AI offers an all-in-one super app for trend research, AI-powered script generation, native media creation and streamlined workflows. The project completed a CyberScope smart contract audit and secured a CoinMarketCap listing to boost credibility. Phase 3 tokens are priced at $0.02 (20% sold) and will increase 40% to $0.028 in Phase 4, fuelling FOMO among investors. A tiered VIP program delivers up to 100% bonuses, while a partnership with WEEX exchange ensures future liquidity. Analysts liken Ruvi AI to Tron’s early growth, forecasting bullish momentum and significant returns for traders.

The US Commodity Futures Trading Commission (CFTC) has launched a public consultation on accepting stablecoins as tokenized collateral in regulated derivatives markets. Acting Chair Caroline Pham invites industry feedback until October 20 to shape non-cash margin guidance under its “Crypto Sprint” initiative. The proposal aligns with the SEC’s Project Crypto and recommendations from the President’s Working Group on Digital Assets. Major crypto firms such as Circle, Tether, Ripple, Coinbase, and Crypto.com support the plan, citing lower transaction costs, improved liquidity, and clearer valuation and custody rules for stablecoin collateral. Record inflows have pushed stablecoin market capitalization to $294 billion, led by Tether’s USDT ($173 billion) and Circle’s USDC ($73 billion). Bitcoin (BTC) trades near $112,800, down over 3% in the past week amid broader market swings. The CFTC says that using stablecoins for derivatives margin could modernize margin management and boost capital efficiency. Traders should watch for guidance changes that may streamline market access for licensed issuers and enhance institutional confidence in stablecoin use.

Galaxy Digital accelerated its Solana purchases, acquiring 1.2 million SOL ($306 million) in one day and boosting its total to $1.55 billion over five days. The spree highlights institutional demand for Solana as a corporate treasury asset. The tokens were sourced from multiple exchanges and moved to Fireblocks custody. This occurs alongside Galaxy’s partnership with Multicoin Capital and Jump Crypto to launch a crypto treasury management firm. At the same time, Forward Industries raised $1.65 billion and built a $1.58 billion Solana treasury. On-chain data confirms rising institutional demand for Solana. Other public companies have also increased their SOL holdings: DeFi Development Corp added 2 million SOL ($117 million), Upexi Inc holds 2 million SOL ($447 million) and earns $105,000 in daily staking rewards, and BIT Mining acquired 17,221 SOL this week. Solana’s total value locked now exceeds $12 billion, second only to Ethereum. SOL has gained 17.3% over the past week and nearly 30% over the past month, trading around $234.77. For traders, these developments signal growing institutional confidence in Solana and may sustain bullish price momentum as treasury strategies expand.

The WLFI token, part of the Trump family’s World Liberty Financial project, officially launched on September 1 on major exchanges including Binance, OKX and Bybit. It saw $1B in trading volume in the first hour and briefly valued the family’s holdings at over $6B. However, blockchain data shows an insider dumping of 698M WLFI tokens—bought at $0.015–$0.05—on launch day. This 20× sell-off drove the token price down from highs of $0.46 to around $0.23 within hours. Prices fluctuated between $0.24 and $0.30 as retail buyers absorbed the sell pressure. World Liberty Financial, formed in Delaware, controls 60% of WLFI revenue through Trump-linked entities. The project also includes the TRUMP memecoin, Melania’s MEME token, Trump NFT cards and the USD1 stablecoin (now at a $2.7B market cap). Lawmakers and regulators have flagged conflicts of interest and governance risks tied to the token launch. Traders should monitor WLFI token volatility, insider sell caps and broader Trump crypto developments for market impact.

Terraform Labs co-founder Do Kwon has pleaded guilty to conspiracy and wire fraud in the $40 billion collapse of TerraUSD (UST) and its sister token LUNA. The plea covers two of nine original counts, cutting his maximum prison exposure from 135 to 25 years. Under the agreement, the DOJ will recommend a 12-year sentence and support an international transfer after Kwon serves half his term. Kwon admitted defrauding investors by falsely claiming UST’s dollar peg and hiding affiliated trading firms. He also agreed to pay up to $19.3 million in fines and forfeit assets. Sentencing is scheduled for December 11 in Manhattan. The TerraUSD stablecoin lost its dollar peg in May 2022 after heavy withdrawals from Anchor Protocol. Attempts to stabilize the market—minting more LUNA and deploying $3 billion in Bitcoin (BTC) reserves—failed, sending TerraUSD and LUNA prices to near zero. Kwon was arrested in Montenegro in 2023 and extradited to the US in late 2024. The crypto community is split between calls for maximum prison terms and arguments that protocol failures do not equate to criminal fraud. So far, TerraUSD and LUNA have shown minimal price reaction. Creditors await details on investor compensation under the forfeiture agreement.

Trump Media and Technology Group has built a $2 billion Bitcoin treasury, holding around 17,000 BTC and reserving $300 million in Bitcoin-linked equity options. The corporate Bitcoin treasury now represents two-thirds of its $3 billion liquid assets, following $2.3 billion raised via stock and convertible note sales. CEO Devin Nunes said the move enhances financial freedom, protects against banking discrimination and supports a planned Truth Social utility token. The company is collaborating with Crypto.com to expand its crypto treasury and is filing for several crypto ETFs, including a Bitcoin ETF, a Bitcoin-Ethereum fund and a crypto blue-chip ETF tracking BTC, ETH, SOL, CRO and XRP. This aggressive crypto strategy positions Trump Media among Wall Street’s largest Bitcoin holders and could drive increased demand and confidence in the Bitcoin market.

US crypto regulation advanced as the House passed the GENIUS Act, setting stablecoin rules, and the CLARITY Act to define commodity and security assets. A third bill bans a US CBDC. This legislative push helped the total crypto market cap top $4 trillion. Bitcoin reclaimed $120,000 and Ethereum rose above $3,600. XRP price surged 20% to an all-time high of $3.65. Whale wallets added over 2.2 billion XRP since July. On-chain metrics show record new addresses and transactions. Analysts at Standard Chartered and Bitget forecast the XRP price could reach $5–$7 by year-end. Grayscale added XRP to its large-cap fund. Ripple’s RLUSD stablecoin launch and Dubai real estate tokenization highlight real-world use cases. The convergence of regulatory clarity, a broad crypto rally and growing institutional investment signals a bullish inflection for XRP.

Ethereum has surged over 10%, climbing to a six-month high as institutional inflows topped $500 million into spot ETFs. Speculation around SEC approval of a spot Ethereum ETF fueled the rally, compounded by the post-Merge deflationary model—reduced issuance and token burns. Demand for decentralized finance also rose. Asset managers such as Grayscale and BlackRock saw AUM in ETH ETFs jump 30% week-on-week. On-chain metrics, including active addresses and transaction volume, rose 25%, while futures open interest hit a record. Layer-2 networks like Arbitrum and Optimism continue to drive DeFi activity ahead of EIP-4844. Traders can expect heightened volatility as Ethereum’s fundamentals and market psychology align for bullish momentum.

Ethereum price surged past the $3,500 resistance, forming a bullish triangle pattern reminiscent of May’s rally. The Ethereum price breakout has renewed momentum, with technical indicators like MACD and RSI supporting further upside. Immediate resistance sits at $3,650 and $3,720—breaks could open paths to $3,800 and $4,000. Analyst CryptosBatman forecasts a renewed upswing toward $3,600 once the pattern resolves. Spot Ethereum ETF inflows from BlackRock and Fidelity, alongside large accumulations by SharpLink and BitMine treasuries, underscore strong institutional demand. Traders should monitor ETF inflows, key support levels at $3,550–$3,500, and the triangle breakout for short-term trades and long-term bullish potential.

Bitcoin has rebounded to around $119,171, up 2.4%, driven by over $2 billion in USDT stablecoin inflows to major derivatives exchanges and strong spot-side bid stacking between $118,000 and $120,300. CryptoQuant reports rising open interest and a positive Coinbase Premium Index, underscoring institutional demand and leveraged long positions. Glassnode data also shows a $90 million short squeeze at $118,139 and 196,000 BTC accumulated near these levels, reflecting mounting bullish pressure. Meanwhile, $800 million in USDT outflows from spot exchanges point to strategic risk-off rotation rather than broad de-risking. With the U.S. House vote on the GENIUS Act approaching, regulatory clarity could further fuel a breakout to new all-time highs. Traders should watch stablecoin flows, derivatives metrics, bid stacking and regulatory developments for signals of the next rally.

Ether has broken out of an expanding triangle and cleared the 61.8% Fibonacci retracement level, setting its sights on $3,400 while RSI exceeds 70, indicating strong momentum. The ETH/BTC ratio also signals Ether outperformance, with support holding near $2,933 to sustain the bullish outlook. Bitcoin exited a descending channel on the hourly chart, formed a higher low around $117,000, and a bullish crossover in Ichimoku cloud and Guppy EMAs suggests a re-test of record highs, with support at $117,000 and $113,688. Solana stabilizes above its 200-day SMA and eyes a move above the Ichimoku cloud to flip resistance at $168 into support, targeting $200 next. In contrast, XRP’s hourly chart shows a bullish exit from a downtrend and a cloud breakout but a hanging man candle warns of a bearish reversal if $2.80 support fails. Traders should monitor volume confirmation, RSI divergences, and key support levels for potential breakouts or reversals.

US lawmakers have launched “Crypto Week” in the House Rules Committee to debate three major crypto regulation bills: the Anti-CBDC Surveillance State Act, the Digital Asset Market CLARITY Act and the GENIUS Act. The Anti-CBDC Act aims to curb central bank digital currency powers. The CLARITY Act proposes clear trading rules for platforms and intermediaries. The GENIUS Act would set national stablecoin issuance standards. Democratic Rep. Maxine Waters introduced amendments to bar the president, vice president, members of Congress and close relatives from owning or promoting cryptocurrencies, and to deny stablecoin recognition to regimes led by self-declared dictators. Republican Rep. Warren Davidson countered with an amendment reinforcing individuals’ self-custody rights to shield hardware and software wallet users from undue interference. Meanwhile, the FDIC, OCC and Federal Reserve issued joint guidance on legal, operational and audit risks for banks offering crypto custody, stressing robust third-party oversight. Advocacy group Stand With Crypto, backed by Coinbase, urged swift passage of the CLARITY Act, arguing that clear crypto regulation will boost innovation and market stability. Floor votes are expected within days, underlining the pressure to shape the US digital asset framework before recess.

XRP has rallied over 12% in 24 hours, trading above $2.80 after weekly gains exceeded 25%. Rising futures open interest, now near a six-month high of $7.2 billion, suggests growing bullish conviction among professional traders. Initial momentum stemmed from Ripple’s push for U.S. regulatory clarity amid its SEC lawsuit and speculation of industry-friendly policies under a potential Trump administration. More recently, ETF speculation has intensified following Ripple’s withdrawal of its SEC cross-appeal, fueling expectations of a spot XRP ETF filing by BlackRock. Existing leveraged XRP products—ProShares Ultra XRP (UXRP) and Teucrium 2X Long Daily XRP (XXRP)—have seen steady inflows, with XXRP amassing nearly $160 million since April. JPMorgan forecasts that approved spot XRP ETFs could attract up to $8 billion in the first year. Technical analysis indicates a clear breakout above the $3 resistance could accelerate gains toward $9.63, provided momentum holds. Traders should monitor futures open interest, ETF developments, and policy updates as key drivers of XRP’s market trajectory.

The Office of the Comptroller of the Currency (OCC) recently confirmed Jonathan Gould as Comptroller with a pro-innovation mandate, then appointed Michael Hsu as acting chief who has warned of stricter oversight over stablecoin issuance and crypto banking services. Hsu’s approach requires national banks to obtain explicit charters for stablecoin issuance and implement robust risk controls and compliance requirements for digital asset custody. The shift marks a new era of stablecoin regulation and tighter crypto banking rules. This leadership shift signals a tightening of stablecoin regulation and banking oversight, with potential impacts on market liquidity and stablecoin demand. Traders should monitor upcoming OCC guidance to prepare for possible changes to crypto banking operations.

Emirates Airlines has signed an MoU with Crypto.com to integrate Crypto.com Pay and enable Bitcoin payments and other cryptocurrency payments for flight bookings by 2026. Crypto.com Pay already supports BTC, ETH and CRO. Emirates aims to modernize its payment infrastructure, attract tech-savvy and younger travelers, and streamline cross-border transactions. This move aligns with Dubai’s vision as a digital asset hub following government acceptance of crypto for select services. If approved, passengers can pay for tickets, ancillary fees and in-flight services with cryptocurrencies. The integration of Bitcoin payments may boost BTC liquidity and demand and underscores regulators’ progressive stance.

10x Research’s latest Bitcoin price prediction assigns a 60% probability that BTC will rally to $133,000 by September, based on Monte Carlo simulations, post-halving supply dynamics, on-chain activity and rising institutional inflows. The firm’s trend model flipped bullish on June 29, forecasting a 20% gain in two months. Key catalysts include a likely benign US CPI print on July 15, supportive US crypto week policies and $215.7m in spot Bitcoin ETF inflows. While bullish momentum is expected, analysts warn of a 40% pullback risk from profit-taking or regulatory developments. Technical indicators such as the 200-day moving average and RSI also support this market forecast. Traders should emphasize risk management and position sizing amid historically weak Q3 conditions. This Bitcoin price prediction underscores the importance of disciplined risk control.