Asia Morning Briefing: BTC Tests Its Floor as Legacy Sellers Meet Macro Rotation
Bitcoin steadied around $106,500 in Asian trading, keeping above the $100,000 support despite a month‑long slide that erased roughly 13% of its value. Market makers are split on the cause: Enflux cites a macro‑driven rotation of liquidity back into equities, while QCP Capital points to profit‑taking by legacy holders, noting about 405,000 BTC moved to exchanges in the past month. On‑chain data shows the market absorbed this legacy supply without breaking key support, and leverage remains low. Meanwhile, Ripple’s acquisition of wallet firm Palisade aims to deepen its institutional payments footprint as the broader crypto sector consolidates.
Solana's SOL Bleeds Nearly 20% Since ETF Debut Despite 'Very Solid' Inflows
Solana’s native token slid almost 20% in a week, falling from a $205 peak to about $165, even as the debut of U.S. spot Solana ETFs attracted strong investor demand. Exchange‑traded products linked to SOL recorded their second‑strongest weekly...
Ripple Acquires Crypto Wallet Firm Palisade to Expand Institutional Payments Business
Ripple announced the acquisition of Palisade, a wallet‑as‑a‑service and custody firm, to embed fast, multi‑chain wallet technology into its Ripple Custody platform for banks, fintechs and corporate treasuries. The deal adds high‑speed, instantly deployable wallets that can handle on‑ and...
SUI Token Drops 9% as Institutional Selling Hits Harder Than Broader Crypto Market
SUI token plunged 9% to $2.10 in the past 24 hours, lagging the broader crypto market by roughly 5%. Trading volume surged more than 600% above its 7‑day average as the price broke key support at $2.16, a pattern consistent...
Chainlink Drops 10% Amid Crypto Selloff; New Rewards Program Unveiled
Chainlink’s LINK token slumped more than 10% on Monday, sinking to $15—the weakest level since the October 10 flash crash—and broke key support around $15.25 as trading volume surged 674% to over 12 million tokens in a 30‑minute window. CoinDesk’s technical model...
Stellar Holds the Line at $0.277 as Buyers Defend Key Support Zone
Stellar (XLM) steadied at the critical $0.277 support level after a sharp 5.5% sell‑off, then rallied 3.74% to $0.285 on elevated trading volume. Volume spiked 887% during the breakdown before normalizing, while smart‑contract activity on the network jumped 700% and...
ICP Slides 5.5% as Bulls Lose Momentum After Volatile Session
ICP fell 5.48% to $3.77 after a weekend rally that peaked near $4.30, with trading volume surging 70% above its 24‑hour average to 8.7 million tokens. The token failed to hold above the $4.20 resistance, leaving key support at $3.70 and...
Hedera’s HBAR Slides 5% as $0.19 Support Crumbles, Traders Eye Technical Reversal
Hedera’s HBAR token dropped 5% in 24 hours, sliding from $0.1932 to $0.1835 after breaching the key $0.1900 support level. The move was accompanied by an 86% surge in trading volume, peaking at 114.18 million tokens as sellers rejected the $0.1951...
BONK Tumbles as Meme Token Breaks Support, Tests Key Lows
BONK, the Solana‑based meme token, slid 11.2% to $0.00001232, breaching a key support level at $0.0000137. Trading volume spiked 46% above its daily average, with a brief 5.3% rebound to $0.00001309 before losing momentum. The token now faces resistance near...
Polkadot Slumps as Bears Break Key Support at $2.87
Polkadot (DOT) fell 12% on Monday, dropping to $2.56 after a 5.49‑million‑token sell‑off shattered the $2.87 support level. Institutional‑sized orders triggered extreme volatility, pushing the price from a session high of $2.99 to the low of $2.56. The broader crypto...
Bitcoin Slides Below $106K as Cryptos Tumble, Nearing October Crash Lows
Bitcoin slipped below $106,000 on Monday, dropping more than 4% in 24 hours and extending an 8% weekly decline, while major altcoins such as Ether and Solana fell 6%‑10%. The sell‑off triggered over $1 billion in leveraged position liquidations across digital...
Strive Proposes High-Yield Preferred Stock to Expand Bitcoin Holdings
Strive (ASST) announced a $95‑$105 per‑share offering of 1.25 million Series A Variable Rate Perpetual Preferred Shares, dubbed SATA, to fund additional Bitcoin purchases. The preferred stock carries an initial 12 % annual dividend paid monthly, with a dividend reserve of $12 per...
Toncoin Falls as Nasdaq Flags Rule Violation in $273M Purchase by Major Holder
Toncoin slid more than 5% to $2.165 after Nasdaq reprimanded TON Strategy, the token’s largest public holder, for issuing stock without shareholder approval to fund a $272.7 million purchase of the cryptocurrency. The violation, disclosed in an Oct. 28 SEC filing, was...
AI Payments Startup Kite Debuts Token With $263M Trading Volume in First Two Hours
AI‑powered payments blockchain Kite launched its native token on Monday, achieving a $159 million market cap and $883 million fully diluted valuation within hours. Trading volume surged to $263 million across Binance, Upbit and Bithumb, with $85 million on Binance alone. The token, capped...
Donut Labs Raises $15M Seed Funding to Build AI-Powered Crypto Trading Browser
Donut Labs announced a $15 million seed round, bringing its total financing to $22 million across pre‑seed and seed rounds within six months. The funding, led by BITKRAFT, Makers Fund, Sky9 Capital, Hack VC and others, will be used to develop the Donut...
Strategy’s Bitcoin Engine Hits New Phase With S&P Ratings Nod, Canaccord Says
Strategy (MSTR) secured its first S&P credit rating, a B‑ with a stable outlook, signaling a milestone that could broaden its investor base. The company’s preferred‑equity program has raised $6.7 billion this year, delivering a 26% year‑to‑date bitcoin yield while keeping...
Tharimmune Stock Gains 30%, on $540M Capital Raise to Build Canton Coin Treasury Strategy
Nasdaq‑listed nanocap biotech Tharimmune announced a $540 million private‑placement led by DRW and Liberty City Ventures to fund a canton‑coin‑based treasury strategy, making it the first public company directly backed by the Canton Foundation. The round attracted a mix of crypto‑native...
Tom Lee's BitMine Immersion Acquires Additional $300M in Ether, Bringing Holdings to $13.7B
BitMine Immersion Technologies, chaired by Fundstrat co‑founder Thomas Lee, purchased 82,353 ether for roughly $306 million, boosting its ETH holdings to 3.4 million tokens – about 2.8% of the total supply – and lifting its combined crypto, cash and equity portfolio to...
CoinDesk 20 Performance Update: Internet Computer (ICP) Surges 35% as Index Declines
The CoinDesk 20 Index fell 4.0% to 3,478.84, yet Internet Computer (ICP) surged 35% to become the sole leader among the 20 assets. POL was the only other asset in the green, up 1.6%, while Sui (SUI) and Cronos (CRO)...
Michael Saylor's Strategy Added $45M in Bitcoin to Holdings Last Week
Strategy (MSTR) bought 397 bitcoin last week for $45.6 million at an average price of $114,771, lifting its total holdings to 641,205 coins valued at over $69 billion. The acquisition was financed primarily through the sale of common stock, with a modest...
Stablecoin Developer Standard Money Raises $8M to Support Mainnet Rollout
Standard Money, the developer of the BNB Chain‑based algorithmic stablecoin USDsd, announced an $8 million strategic investment round led by Yzi Labs with participation from Gate.io, Crypto.com and Animoca Brands. The capital will fund USDsd’s mainnet rollout, broaden liquidity partnerships and...
Ripple Expands U.S. Institutional Offering With Introduction of Digital Asset Spot Prime Brokerage
Ripple has launched Ripple Prime, a digital‑asset spot prime brokerage for U.S. institutional clients, adding OTC spot trading for dozens of cryptocurrencies, including XRP and its RLUSD stablecoin. The platform integrates spot, swaps, futures, and other derivatives, allowing institutions to...
Cipher Mining Surges 19% $5.5B Amazon Web Services HPC Deal
Cipher Mining jumped 19% after sealing a $5.5 billion, 15‑year lease with Amazon Web Services to deliver 300 MW of AI‑computing capacity by late 2026, with the first phase slated for July. The company also took majority control of a joint venture...
Bernstein Hikes Bitcoin Miner Targets as AI Infrastructure Play Continues to Gain Momentum
Bernstein raised price targets for U.S.-listed bitcoin miners, noting a strategic pivot from pure mining to monetizing their large‑scale power assets for AI data‑center colocation. The firm abandoned its discounted cash‑flow model in favor of a sum‑of‑parts approach that values...
Shiba Inu Slides 5% Despite Token Burn as BTC Drops Below 200-Day Average
Shiba Inu (SHIB) slid more than 5% in the past 24 hours, dropping to $0.00000951 from $0.00001018, as Bitcoin fell below its 200‑day simple moving average and the broader crypto market turned risk‑off. Despite a weekly token‑burn surge of 139.46%—over...
Banco Inter, Chainlink Power Real-Time CBDC Trade Settlement Between Brazil and Hong Kong
Banco Inter and Chainlink completed a Phase 2 pilot of Brazil’s Drex digital‑currency initiative, linking the Central Bank of Brazil’s Drex network with Hong Kong’s Ensemble platform to settle a cross‑border trade transaction in real time using CBD‑backed digital reais and smart...
Bitcoin Network Hashrate Hit Record High in October, JPMorgan Says
Bitcoin’s network hashrate hit a record 1,082 exahashes per second in October, up 5% from September and pushing mining difficulty 3% higher and 80% above pre‑halving levels. Even as hashpower surged, miners’ economics weakened, with daily block‑reward revenue per EH/s falling...
Is November the New October? Analyst Says It’s Bitcoin’s Strongest Month — Here’s the Data
Crypto analyst Lark Davis touted November as Bitcoin’s strongest month, citing a 42.5% average gain since 2013, a figure heavily skewed by the 449% surge that year. The CoinGlass heat map shows the median November return is only about 9%,...
Circle CEO Jeremy Allaire Calls Arc ‘an Economic OS for the Internet’
Circle CEO Jeremy Allaire told CNBC that the company’s new Arc platform is an “economic OS for the internet,” offering dollar‑priced fees, sub‑second settlement and configurable privacy for stablecoin‑native finance. The public testnet went live on Oct. 28 and a mainnet...
Bitcoin: The Dawn of a New Monetary Era
Seventeen years after its 2008 white paper, Bitcoin has evolved from a cryptographic experiment into a global network embraced by corporations, institutional investors, and users seeking financial sovereignty. The article highlights Bitcoin’s origins as a response to the 2008 financial...
Bitcoin’s ‘Red October’: What Happened to the Widely Anticipated Uptober Crypto Rally?
Bitcoin closed October 2025 8.5% lower, snapping a six‑year streak of positive "Uptober" performance that had persisted since 2019. The decline was sparked by a mid‑month risk‑off rally after President Donald Trump announced steep new tariffs on China, leading to...
Latin American Crypto Exchange Ripio Launches Argentine Peso Stablecoin 'wARS'
Ripio, the Latin American crypto exchange with over 25 million users, has launched wARS, an Argentine peso‑pegged stablecoin on Ethereum, Coinbase’s Base and World Chain. The token lets users send and receive funds globally without banks or converting to U.S. dollars,...
State of Crypto: The Government Shutdown Nears a Record
The U.S. government shutdown, now in its second‑longest stretch, could become the longest at 35 days, halting progress on crypto legislation. Congress has already missed key deadlines, including the Oct. 20 markup hearing for market‑structure reform, and any movement now depends...
ARK Invest’s Crypto Exposure Tops $2.15B as Bullish Holdings Rise Across 3 Funds
ARK Invest boosted its position in crypto‑exchange Bullish by 105,000 shares, a $5.3 million purchase that lifts its holding to 2.27 million shares worth $114 million. The addition brings the firm’s combined exposure to blockchain and crypto‑related companies across its three actively managed...
MiCA Won’t Save Us From a Stablecoin Crisis. It Might Be Building One
Europe’s MiCA framework imposes micro‑prudential safeguards on stablecoins—proof‑of‑reserves, capital buffers and redemption rules—but it fails to address the macro‑prudential danger of billions of euros shifting from bank deposits to crypto‑backed tokens. The Bank of England has warned that such a...
Tesla CEO Elon Musk Says X Chat's New P2P Encryption System Is Similar to Bitcoin's
Elon Musk announced that X will launch a standalone X Chat app in the coming months while retaining an integrated chat experience within the X platform. The new service employs a peer‑to‑peer encryption model that Musk likens to Bitcoin, emphasizing the...
‘Bitcoin Never Shuts Down’: U.S. Treasury Secretary Marks Anniversary, Needles Democrats
U.S. Treasury Secretary Scott Bessent used a Oct. 31 X post to celebrate the 17th anniversary of the Bitcoin white paper, lauding the network’s "never shuts down" design and taking a jab at Senate Democrats amid a partial federal shutdown. The...
Analyst Says Ethereum Is the Best Ecosystem and Ether Is Poised to Top $5,000
Ether rose 1.5% to $3,822.60 on volume 19% above its seven‑day average before slipping after an upper‑band rejection near the $3,860‑$3,880 range. Analyst Michael van de Poppe argues that Ethereum’s developer activity and network effects make it the premier ecosystem...
Crypto Bank Custodia Suffers Another Court Rejection in Fed Master Account Pursuit
An appeals court in the 10th Circuit rejected Custodia Bank’s bid to compel the Federal Reserve to grant it a master account, upholding a lower‑court decision that the Fed has statutory discretion to deny such access. Custodia, a Wyoming‑chartered crypto‑focused...
The Bitcoin White Paper Offered a Blueprint for a More Reliable Financial System
Seventeen years after its release, the Bitcoin white paper is framed not merely as a technical milestone but as a blueprint for a more reliable financial system, highlighting longstanding weaknesses in global payments such as costly intermediaries, delayed settlements, and...
'Do Not Fear Ghosts of Fiat,' Says Bitcoin Policy Institute, as Bears Lurk at Resistance
Bitcoin hovered near $109,400 on Oct 31, 2025, rebounding from a $106,400 support floor to a $110,700‑$114,500 resistance cluster before settling into a tighter range as volume cooled. The CoinDesk technical model recorded a high‑volume sell‑off of 19,395 BTC, a V‑shaped rebound of...
Bitcoin Cash Breaks Above $550 as Volume Surges; Range Tightens Near Support
Bitcoin Cash (BCH) surged 2.6% to $554.52, breaking above the $550 barrier after a 130,078‑unit volume spike that pushed trading activity 328% above its average. The price then settled into a tight $553‑$556 consolidation box, with fresh support identified at...
Tether Profits Topped $10B in First Nine Months of Year; Starts Share Buyback Program
The stablecoin issuer saw strong growth in the third quarter, reporting a $17 billion increase in circulating USDT and $135 billion exposure to U.S. Treasuries.
Filecoin Rises Over 4%, Rebounding From Thursday's Drop
Filecoin (FIL) jumped 4.3% to $1.4792, rebounding from Thursday's sharp decline as the broader crypto market rallied. Trading volume spiked to 5.46 million tokens, a 98% increase over the 24‑hour average, confirming strong buying at the $1.41 support level. Technical analysis...
Wall Street Divided on Coinbase’s Path Forward After Q3 Earnings Beat
Coinbase reported third‑quarter transaction revenue of $1.05 billion and adjusted EBITDA of $801 million, both beating consensus estimates. While analysts agree the beat was driven by derivatives, subscription services and the Deribit integration, they diverge sharply on outlook: bullish analysts cite expanding...
Core Scientific Upgraded to Outperform Following Failed CoreWeave Merger: Macquarie
Macquarie upgraded Core Scientific (CORZ) to Outperform from Neutral and lifted its price target to $34, roughly a 90% increase from the prior $18, after the CoreWeave merger collapsed. The failed deal gives the bitcoin‑miner‑turned‑AI‑infrastructure firm flexibility to lease its...
Brazil’s OranjeBTC Joins Wave of Struggling Crypto Treasury Firms Turning to Buybacks
Brazil's OranjeBTC, the country's largest bitcoin treasury firm, repurchased 99,600 shares for 1.12 million reais (about $220,000) to narrow the discount between its market price and the net asset value of its 3,708 bitcoin holdings, worth roughly $409 million. The buyback follows...
H.C. Wainwright Turns Bullish on Coinbase, Double Upgrades to Buy With $425 Target
H.C. Wainwright upgraded Coinbase (COIN) to a buy rating from sell and lifted its price target to $425, up from $300, just before the exchange released its third‑quarter results. Coinbase reported $1.9 billion in revenue, beating the $1.8 billion consensus, driven by...
Unveiling GoDark: Crypto’s New Institutional Dark Pool Backed by Copper, GSR, Others
GoDark, launched by GoQuant and backed by custodians Copper, GSR and a roster of institutional investors, is the first dedicated institutional dark pool for crypto, offering ultra‑low‑latency spot trading with plans to add futures, options and other derivatives. The platform...
Crypto Markets Today: Bitcoin Slips, Altcoins Slide as AI Spending Concerns Hit U.S. Equities
Bitcoin slipped 0.2% to just under $110,000 while the CoinDesk 20 Index fell 1.7% as a broader sell‑off in U.S. equities was triggered by Meta and Microsoft raising AI‑spending forecasts, sparking overspending concerns. Ether dropped 1.3% to $3,871 and a...
