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Ethereum price reclaimed the $4,000 level on Sunday, October 26, boosted by optimism around Trump’s visit to Asia, climaxing in trade talks scheduled with Xi Jinping in Korea on Friday, Oct 30. Ethereum treasury firms maintained an aggressive accumulation outlook during the mid-October market dip, overtaking Bitcoin counterparts in terms of circulating supply dominance.  Amid the market weekend recovery, ETH remains subject to intense speculation, with bear traders concentrating leverage positions around the $4,100 mark on Sunday. 

Ethereum moves above $4,000 as Trump Asia Meet Ignites Optimism

Ethereum price rebounded to $4,099 on Sunday, October 26, up 10% from its seven-day low of $3,811 recorded last Wednesday. ETH’s rebound mirrored broader market gains, where all top 10 cryptocurrencies, including BTC, SOL, and XRP, posted consecutive green days over the weekend.

Ethereum (ETH) price crosses $4,000 on October 26 | CoinMarketCap

Ethereum’s rebound was linked mainly to Trump’s Asia visit, which began on a positive note as he oversaw a peace treaty signing between Cambodia and Thailand, in Malaysia on Saturday. The development eased geopolitical tensions ahead of the much-anticipated trade talks with China’s Xi Jinping, slated for Friday, October 30.

Yield-Seeking Ethereum Treasury Firms Overtake Bitcoin in  Supply Dominance

Despite volatility in ETH’s price in October, Ethereum treasury firms, led by Tom Lee’s Bitmine (BMNR), maintained an aggressive accumulation pace. Notably, Artemis data shows that publicly-listed firms holding ETH have now leapfrogged their Bitcoin counterparts in terms of supply dominance. 

On October 23, Total ETH supply held by Digital Asset Treasury firms hit 3.2 million ETH,  0.40% outpacing Bitcoin’s corporate investors, which jointly hold 640,040 BTC, accounting 0.36% of the total 19 million BTC in circulation.  

Digital Treasury Holdings as percentage of circulation supply, Oct 2026 | Source: Artemis

This reflects that demand for Ethereum Treasury continues to outpace Bitcoin in 2025, boosted by the crypto regulatory framework and ETH ETF staking approval in 2025. 

Ethereum claimed plaudits after its Proof-of-Stake (PoS) transition dramatically reduced its energy consumption (by 99%) while simultaneously introducing a yield-bearing feature, making it more attractive to global conglomerates and portfolio managers with sustainable and clean energy mandates.  

Art Malkov, strategic advisor at Electroneum, an eco-friendly blockchain, provided insights affirming that yield is the more attractive factor for corporate treasuries and institutional investors. 

“We’ve observed that institutions discuss yield in every conversation, but mention energy efficiency only when compliance teams are in the room.

Corporate treasuries are fiduciaries first. ETH staking yields (currently 3-4% APY) provide a revenue-generating alternative to cash reserves, which is their core mandate. The green credentials primarily serve to satisfy ESG checkboxes that allow institutional entry—they remove a barrier rather than create demand. – Art Malkov, Electroneum CEO.   

Ethereum Price Forecast: ETH Faces Major Resistance at $4,150 as Bears Deploy $650M Leverage

Ethereum price posted a 3% gain, stabilizing near $4,077 at press time on Sunday, October 26, after rejecting the $4,099 intraday peak. However, derivatives market data culled from Coinglass indicates that most new ETH contracts opened on Sunday leaned bearish.

ETH’s 24-hour trading volume rose 54%, while open interest increased by 5.88%. The long-to-short ratio fell to 0.82, signaling that more short contracts were opened than long ones. Short contracts exceeding longs during a rally often suggest investors are bracing for a potential price reversal.

With Trump’s meeting with China and the upcoming U.S. Federal Reserve rate decision looming large, traders appear to be hedging against potential downside risks, as any of these events could trigger large-scale crypto liquidations, as seen in prior weeks.

Ethereum Liquidation Map, October 25, 2025 | Source: Coinglass

In terms of ETH price projections for the week ahead, bears have concentrated roughly $650 million in short contracts around the $4,150 level, accounting for 76% of the $840 million in total short leverage deployed within the past 24 hours.

If Ethereum breaches this resistance, it faces relatively lighter opposition until the $4,240 zone, where another significant supply cluster lies. Conversely, failure to break above $4,100 could trigger liquidations, dragging ETH prices back toward short-term support near $3,911, where bulls have deployed approximately $1.5 billion in long ETH contracts.

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Whales are bullish on Bitcoin (BTC) with multiple positive on-chain signals and expert analysis surfacing despite recent consolidation.

On-chain data shows that an anonymous crypto wallet accumulated 3,195 BTC from the Kraken cryptocurrency exchange, and an unlabeled address, which seems to be an over-the-counter dealer.

Whale bc1qd3 has accumulated 3,195 $BTC($356.6M) in the past 3 hours.https://t.co/huOxKK9ANP pic.twitter.com/H5nNUyumm3

— Lookonchain (@lookonchain) October 26, 2025

According to Lookonchain, the total amount of the accumulated Bitcoin reached $356.6 million early on Sunday, Oct. 26.

Some community members responded to Lookonchain’s X post with positive expectations like “Whale knows something.”

Another whale on Hyperliquid, a decentralized perpetual futures exchange, put a $16.6 million long bet with 40x leverage on Bitcoin.

Whale 0xC50a opened a 40x long on 149 $BTC($16.6M) and a 10x long on 284,501 $HYPE($12.5M) over the past 12 hours.https://t.co/qh4hmDxN4G pic.twitter.com/pdEgDpoaEB

— Lookonchain (@lookonchain) October 26, 2025

The anonymous address also opened a 10x long position, worth $12.5 million, on the platform’s native token Hyperliquid (HYPE).

Will Bitcoin Break $115,000?

Bitcoin recorded consecutive gains over the past six Octobers. This time, however, the asset is down by 2.1% as it started this month around the $114,000 mark.

With the latest whale bets on Bitcoin, the crypto community has started to publish positive X posts with bullish expectations.

Even the famous influencer “Lucky” replied that the “hype is real.”

HyPe is real

— Lucky (@LLuciano_BTC) October 26, 2025

According to crypto analyst KillaXBT, the current Bitcoin consolidation below $114,000 is similar to the 2021 bull market.

$BTC

BTC keeps consolidating below 114–116K because it’s retesting the weekly trend line, a similar setup to what we saw in the previous cycle.

Failure to break above 116K in the near term could lead to a similar pattern unfolding. pic.twitter.com/OYDTb0L1ao

— Killa (@KillaXBT) October 25, 2025

The analyst expects another correction if Bitcoin fails to break the $116,000 mark in the “near term” due to the token’s historical patterns.

He also added, in a response to a user who claimed that the industry has institutional interest now, that the interest from BlackRock doesn’t actually come from institutions or whales, but retail investors.

“All the ETF really did was make it easier for boomers to buy Bitcoin through their usual channels with BlackRock simply acting as the custodian of those assets,” KillaXBT wrote.

If major whales trigger the fear of missing out among retail investors, coupled with favorable macro conditions, Bitcoin, and the rest of the crypto market, will likely continue to accumulate.

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Streaming platform Rumble has announced the launch of a Bitcoin tipping feature that allows users to donate directly to creators and influencers in BTC. The feature debuted at the Lugano PlanB event on Friday, a conference hosted annually in Switzerland that brings together  Bitcoin-focused world leaders, technologists, and entrepreneurs.

Rumble Unveils Bitcoin Tipping for Content Creators at Lugano PlanB

Canadian legal commentator and long-term Rumble user Viva Frei, became the first content creator to test the feature, using Rumble’s in-house RumbleWallet in a video reposted by the company’s official X page.

A historic first at @LuganoPlanB — @thevivafrei became the first creator tipped through the Rumble Wallet. Freedom meets finance👊 pic.twitter.com/WD0EohedIu

— Rumble 🏴‍☠️ (@rumblevideo) October 24, 2025

The new tipping functionality enables creators to receive Bitcoin payments directly from viewers, expanding the platform’s existing monetization options. Over the past year, Rumble has increasingly developed blockchain integrations, aiming to introduce cryptocurrency tipping across multiple digital assets.

As creators attract global audiences, video platforms are turning to crypto-based payment systems to ensure faster, borderless transactions. Rumble’s move aligns with the growing wave of corporate adoption of cryptocurrencies in the US, which has accelerated since President Trump’s second term began.

On Friday, banking giant JP Morgan,  managing over $4 trillion in assets, announced plans to accept Bitcoin and Ethereum holdings as collateral for institutional loans.

Bitcoin Price Forecast Today: Bears Mount Weekend Resistance at $112,300

Bitcoin price stabilized near $111,600 at press time on Saturday, October 25, recording a 1.5% intraday gain. However, trading activity dropped sharply, with BTC’s 24-hour volume falling 42% to $30.6 billion. The price uptick amid weaker trading volumes suggests that few large-sized buyers likely influenced the mild bounce.

Bitcoin Liquidation Map, October 25, 2025 | Source: Coinglass

Derivatives market data indicates that leverage remains heavily skewed toward bullish positions, with long contracts worth $7.83 billion open in the past week, compared to $5.2 billion in active shorts. Despite this, Coinglass Liquidation Map charts highlight a dense cluster of $920 million short contracts deployed around $112,310, accounting for 17% of total active short leverage positions.

If Bitcoin breaks through this resistance, analysts expect a relatively smooth upward path before encountering the next selling zone near $114,000. However, failure to sustain momentum could trigger liquidations, dragging prices back toward short-term support near $106,500 where bulls anchored $4.5 billion active long contracts.

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Hunter Horsley, Bitwise CEO, took to X to highlight that several crypto holders have begun to reveal themselves in recent times. In light of this new trend, he noted that those who do not own crypto often realize that they are the minority. Horsley’s statement was a reaction to Reid Hoffman’s recent purchase of CryptoPunk.

Crypto is Now Less Taboo

LinkedIn founder Reid Hoffman made a post on October 24, announcing that he had purchased a digital collectible dubbed CryptoPunk a few months ago.

He surprised a number of his followers by stating that he has been investing in the digital asset space for approximately 13 years. According to the founder, he has now joined one of crypto’s most impactful communities.

Horsley highlighted how most of the “impressive people and firms” that have cryptocurrencies in their portfolio hardly make any noise about it.

So far, most of the impressive people and firms that own crypto don’t say anything.

As they start to reveal themselves now that crypto is less taboo, skeptics are going to be surprised to realize they are actually the minority. https://t.co/0BHfwqguW0

— Hunter Horsley (@HHorsley) October 25, 2025

However, the situation has changed recently as quite a number of them have started to reveal themselves. Their confidence to come out is likely prompted by crypto’s new status globally.

As Horsley puts it, “crypto is less taboo,” hence the willingness to become open. Consequently, many skeptics will find the revelation surprising. Bitwise CEO claimed that they will realize that they are actually the minority.

Institutional Investors Defy JPMorgan’s Analysis

Like Horsley rightly pointed out, there has been a significant increase in the number of those who own cryptocurrency.

The trend is most common among institutional investors, especially with Michael Saylor’s Strategy holding the baton. It is supported by Sygnum Bank’s annual survey, which revealed that 57% of institutional investors plan to increase their crypto allocations.

Still, Horsley’s statement is a far cry from JPMorgan analysts’ opinion. These entities noted that 71% of investors plan to avoid crypto in 2025 entirely. At the time, there was already some slight growth in crypto involvement, but the overall atmosphere still reeked of skepticism. This was due to the market volatility and unclear regulations.

However, there have been some improvements in the market, especially with Donald Trump becoming president of the United States.

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In a recent report, Bloomberg noted that United States President Donald Trump has nominated  Michael Selig to lead the Commodity Futures Trading Commission (CFTC). This comes at a pivotal time, when lawmakers are working to place the agency at the helm of crypto regulation. The nomination is still subject to Senate approval.

From the SEC Crypto Task Force to the CFTC

On October 24, President Donald Trump handpicked Matthew Selig to lead the CFTC under his administration, per a Bloomberg report.

Noteworthy, Selig is the current chief counsel for the Crypto Task Force of the Securities and Exchange Commission (SEC). He had also worked at the CFTC under former Chairman Chris Giancarlo. At some point, he served as a partner specializing in crypto at the law firm Willkie Farr & Gallagher.

The timing of this nomination is notable, considering that lawmakers in the region are on the verge of cementing the agency’s oversight over digital assets. Several bills in the House and Senate would give CFTC broader authority over the burgeoning digital asset industry.

After CFTC Chair Rostin Behnam’s exit from the agency, which coincided with the inauguration of Trump, Caroline Pham has been serving as the acting CFTC Chair for the agency. The president once nominated Brian Quintenz of a16z, but faced opposition from Gemini’s Tyler and Cameron Winklevoss, who raised concerns about conflicts of interest.

Industry Experts React to Trump Nomination For CFTC Chair

As it stands, Selig has been sent to the Senate to obtain nomination hearings and approval, after which he can fully assume the position of CFTC Chairman. Based on industry experts’ opinions about him, there is a high likelihood that Selig will receive the confirmation required. In a statement, Amanda Tuminelli, the Executive Director of DeFi Education Fund, acknowledged his expertise and experience.

He described Selig as a well-respected lawyer and industry expert who understands the technology as well as the need to allow room for innovation.

Tuminelli also noted that the man cares about getting to the right legal answer. Similarly, White House AI and Crypto Czar David Sacks believes that Trump made a great choice by nominating Selig.

President Trump has made an excellent choice in Mike Selig to lead the @CFTC.

As anyone who knows him will attest, @MikeSeligEsq is deeply knowledgeable about financial markets and passionate about modernizing our regulatory approach in order to maintain America’s…

— David Sacks (@davidsacks47) October 25, 2025

His opinion comes from the recognition of Selig’s contribution to the President’s crypto agenda. Like Tuminelli, Sacks noted that the nominee is quite knowledgeable about financial markets. Beyond his knowledge is his passion for modernizing the regulatory approach “in order to maintain America’s competitiveness in the digital asset era.”

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Humanity Protocol’s native token H rose by 70% on Oct. 24, reaching a new all-time high above $0.24 and pushing its market capitalization to $525 million. The surge followed positive developments surrounding its expansion into the SUI ecosystem and a technical report from Delphi Digital, which confirmed its role in neutralizing attack vectors.

Humanity Protocol is celebrating its biggest milestone yet!

Human IDs are officially decentralized thanks to its latest integration with @WalrusProtocol, built by the team behind @SuiNetwork

The future of identity is built on trust, and this integration keeps it unshakable 🧵⬇️ pic.twitter.com/ZSgAqYXOE5

— Humanity Protocol 「 🖐️ ✦ 🇺🇳 」 (@Humanityprot) October 22, 2025

Humanity Protocol is a decentralized identity verification network built for sustainable, real-world applications such as universal basic income (UBI) and corporate ESG programs.

On Oct. 22, the team announced a strategic collaboration with SUI SUI $2.51 24h volatility: 3.7% Market cap: $9.11 B Vol. 24h: $857.02 M , one of the fastest-growing Layer-2 networks, with $9 billion market capitalization at press time.

Humanity Protocol (H) price action, October 24, 2025 | Source: Coinmarketcap

The partnership leverages WalrusProtocol, developed by the SUI Network team, to create secure and verifiable decentralized Human IDs.

Also, research analytics platform Delphi Digital published a technical report on Thursday highlighting Humanity Protocol’s resilience defending against synthetic ID attacks, a major concern for identity-based systems.

Decentralized Human ID and AI Accelerate Sustainable Blockchain Innovation

Humanity Protocol’s Human ID launch marks a decentralized alternative to Worldcoin’s Iris-scanning model, which faced backlash and regulatory sanctions. By eliminating biometric data storage and focusing on consent-based verification, Humanity Protocol offers a decentralized digital identity system for sustainable environmental goals and universal basic income (UBI) programs.

The sustainable blockchain sector has witnessed exponential growth in 2025 driven by rising demand for digital ID, green energy applications, and universal basic income (UBI) programs.

In an interview with Coinspeaker, Art Malkov, strategic advisor at Electroneum, an EVM-compatible eco-friendly blockchain, said the network experienced positive adoption and funding metrics, with user growth concentrated in regions where energy infrastructure is least reliable.

“Environmental metrics train our AI to identify genuine impact versus greenwashing. We’re not using AI to make blockchain greener in isolation, we’re using it to prove blockchain can measurably accelerate environmental and social impact. That’s what makes the ecosystem genuinely sustainable,” Art Malkov, strategic advisor at Electroneum, noted.

When asked about the role of AI in the sector, Malkov noted that blockchain-based AI models are being trained to track and verify social and environmental impact, expanding use cases beyond digital ID verification systems.

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Chainlink LINK $17.68 24h volatility: 0.5% Market cap: $12.32 B Vol. 24h: $632.18 M has grabbed the limelight in the past few days, clocking nearly 10% weekly gains, with its market cap flirting around $12 billion.

Over the last 24 hours, the LINK price has bounced back from the strong support zone at $17, with experts seeing it as a strong accumulation zone. Crypto market experts believe that a breakout past $20 could set the stage for the next leg of the rally to $100.

Chainlink (LINK) Price Needs to Break This Resistance for a $100 Rally

Popular crypto market analyst Ali Martinez noted that Chainlink has been trading at a strong support zone around $17, showing signs of upside recovery.

More than 54.5 million LINK tokens have been accumulated at that price point, forming what he described as a “massive support wall.”

Chainlink finds strong support at $16. | Source: Ali Martinez

From a technical standpoint, Martinez noted that LINK price appears to be forming a symmetrical triangle pattern. This setup often leads to a major breakout, which could be in either direction.

From a technical perspective, Chainlink $LINK appears to be forming a symmetrical triangle.

A break and close above $25 could trigger a bullish breakout, opening the path to $53 or even $100.https://t.co/ZB78FY3W4l

— Ali (@ali_charts) October 23, 2025

 

Martinez added that a decisive break and close above $25 could ignite a bullish rally, potentially sending the token toward $53 or even $100 in the coming months.

Whale Accumulation and LINK Reserve Demand Grow

Crypto analyst Ali Martinez reported that large holders have accumulated more than 13 million Chainlink tokens over the past two weeks.

The accumulation comes despite broader market weakness, suggesting that whales are taking advantage of the recent price dip.

Over the past two weeks, as the market sold off, whales accumulated over 13 million $LINK tokens.https://t.co/KkC8qVdjqW

— Ali (@ali_charts) October 23, 2025

 

On the other hand, the Chainlink Foundation is buying back LINK tokens as part of its reserve plans, thereby arresting further downside. The Chainlink Reserve is financed through revenue generated from both on-chain and off-chain services. It effectively reduces the circulating supply of LINK in the market and supports stronger demand for the token.

The recent buyback of 63,481 LINK tokens on Thursday, the second-largest inflow since inception, has helped stabilize Chainlink’s price and prevent further losses.

As of Friday, the Chainlink Reserve holds 586,641 LINK, valued at approximately $10.2 million.

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Bitcoin BTC $110 551 24h volatility: 0.1% Market cap: $2.20 T Vol. 24h: $50.60 B price saw a sharp upside to $111,500 levels, extending its daily gains to 2.5% on softer-than-expected US CPI numbers for the month of September.

With inflation on a clear decline in the US, the chances of Fed rate cuts next week has surged to 99% as per data from CME Fed Watch tools.

As a result, altcoins are staging a quick rally with Ethereum ETH $3 909 24h volatility: 0.3% Market cap: $471.83 B Vol. 24h: $31.43 B , XRP XRP $2.48 24h volatility: 2.8% Market cap: $148.69 B Vol. 24h: $3.70 B , Binance Coin BNB $1 109 24h volatility: 1.3% Market cap: $154.26 B Vol. 24h: $2.53 B , gaining over 3% each.

Bitcoin Price Eyes Rally to $114,000 on Softer Inflation and US CPI Data

Bitcoin price bounced back from the $110,000 support levels following the release of the US CPI data.

Crypto analyst Ted Pillows stated that Bitcoin (BTC) needs to reclaim the $113,000-$114,000 range to confirm further upside potential.

He also warned that if the current rally turns out to be another false breakout, the market could experience a sharp correction in the near future.

$BTC has reclaimed the $110,000 support level.

CPI data will be released today, and it'll decide the next move for Bitcoin.

I'm currently looking for BTC to reclaim the $113,000-$114,000 level for more upside.

But if this pump turns out to be a fakeout like the past ones,… pic.twitter.com/LuipNAVu0K

— Ted (@TedPillows) October 24, 2025

The US Labor Department released a “rare exception” Consumer Price Index (CPI) report amid the ongoing government shutdown, showing inflation cooled more than expected in September.

Headline CPI rose 3.0% year-over-year, slightly below the 3.1% forecast, while core CPI, which excludes food and energy, also came in at 3.0%, under expectations of 3.1%.

Both the monthly headline and core CPI readings were weaker than projected, signaling softer inflationary pressures. This has once again triggered the risk-ON sentiment and paved the way for another Federal Reserve rate cut next week.

Amid the CPI inflation data, the US market is also showing strength with the S&P 500 gaining nearly 1% to record highs and approaching nearly 6,800.

Altcoins Rally as Fed Rate Cut Expectations Grow

The overall cooling of inflation is good for altcoins, as the Federal Reserve could pivot further towards quantitative easing. The data from CME Fed watch tool shows a 99% chance of another 25 bps rate cut coming next week on October 29.

However, it remains to be seen whether the bulls could pull this off for a sustained altseason. On-chain data shows that the Trump insider whale reportedly opened $150 million in long positions ahead of former President Trump’s speech today.

The trader, who claims a 10/10 success rate, is said to have accurately predicted every major pump and dump in Bitcoin and Ethereum.

🚨 BREAKING

INSIDER WITH 100% WIN RATE JUST OPENED $150 MILLION LONGS AHEAD OF TRUMP'S SPEECH TODAY.

HE'S 10/10 ON TRADES – PERFECTLY PREDICTED EVERY PUMP AND DUMP OF $BTC AND $ETH

HE DEFINITELY KNOWS SOMETHING 👀 pic.twitter.com/MXDkki6BkS

— 0xNobler (@CryptoNobler) October 24, 2025

 

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Polymarket, a top prediction platform, is preparing to launch a native token with the ticker POLY.

According to the firm’s Chief Marketing Officer (CMO) Matthew Modabber, the launch of the POLY token will come with an airdrop.

It is worth noting that Polymarket has been gaining significant traction among investors in recent times.

Polymarket Investing Effort and Time Into POLY

As revealed by the CMO, Polymarket has plans to launch a native POLY token which will be followed by an airdrop.

This comes on the heels of the broader prediction market’s trading boom and the rise in investors’ interest. At the beginning of October, Shayne Coplan, the company’s founder, hinted at the possible launch of the POLY token.

On October 23, Modabber confirmed this information during an interview on the Degenz Live podcast. He claimed that Polymarket carefully took its time before talking about the launch of POLY because of how thorough the team wanted to be about it.

The CMO claimed that the focus of the platform is to push out a token with true utility and longevity, adding that they plan to have POLY around forever.

“That’s what we expect from ourselves, and that’s what I think everyone in the space expects from us,” Modabber said during the interview.

Polymarket Prioritizes US App Launch

Another reason why Polymarket refused to rush the roll-out of POLY is its focus on its United States app launch.

“Why rush a token if we need to prioritize the U.S. app, right?” Modabber said. Last month, Coplan confirmed that the platform received approval to go live in the country again. This is after three years of halting operations in the region due to regulatory uncertainty.

Much attention will be given to the token launch once the app’s debut in the US is out of the way. Notwithstanding, crypto enthusiasts have already begun to discuss the possible distribution of the POLY token.

Some have suggested that the airdrop will be allocated based on trading volume. This means that the most active users on the platform would bag the largest share.

. $POLY token confirmed

Will be based on volume

Hope you’re using @tradefoxai to farm the biggest airdrop in crypto history

— Yoshi (@tradefoxintern) October 24, 2025

Meanwhile, evidence of Polymarket’s traction among investors is the Intercontinental Exchange’s (ICE) $2 billion investment in the platform.

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Mike Belshe, the CEO of cryptocurrency firm BitGo, was seen on X in the early hours of October 24, defending Binance founder Changpeng Zhao, who was recently pardoned by President Donald Trump.

The BitGo C-suite executive clarified to Senator Elizabeth Warren and his followers that CZ did not plead guilty to money laundering.

BitGo CEO Says Binance Founder Was Unjustly Prosecuted

BitGo CEO used his platform to set the record straight about why Changpeng Zhao went to prison, especially after US Senator Elizabeth Warren made a post on X.

The entire conversation started after a Wall Street Journal report noted that CZ recently gained a pardon from President Trump.

US Sen. Elizabeth Warren highlighted the WSJ report, suggesting that CZ had only lobbied for the pardon by financing Trump’s stablecoin.

CZ pleaded guilty to a criminal money laundering charge and was sentenced to prison.

But then he financed President Trump’s stablecoin and lobbied for a pardon.

Today, he got it.

If Congress does not stop this kind of corruption, it owns it. pic.twitter.com/NsWeaJcVeK

— Elizabeth Warren (@SenWarren) October 23, 2025

She claimed that the crypto boss pleaded guilty to a criminal money laundering charge and this earned him a four-month prison sentence. In her opinion, getting this pardon is a “kind of corruption” that Congress needs to put an end to.

Belshe told her that she was incorrect to have made such a statement. He stated that CZ only pleaded guilty to violating the Bank Secrecy Act by failing to maintain an effective anti-money laundering (AML) program.

You're incorrect, @SenWarren. CZ pleaded guilty to violating the Bank Secrecy Act by failing to maintain an effective AML program, not money laundering.

Without minimizing the severity of that, he's the only person ever to receive jail time solely for this violation, while… https://t.co/WmlZnwTCc3

— Mike Belshe (@mikebelshe) October 24, 2025

 

The BitGo executive believes that the Binance founder was unjustly prosecuted.

“…he’s the only person ever to receive jail time solely for this violation,” Belshe noted.

Binance Founder Seen as Victim of Biden Administration’s “War on Crypto”

On October 23, WSJ reported that President Trump pardoned the Binance founder who was convicted in 2023 for AML failures.

According to White House Press Secretary Karoline Leavitt, Zhao’s case was part of the Biden administration’s “war on cryptocurrency.” Unfortunately, it cost the exchange founder four months in prison.

The pardon is Trump’s way of exercising his constitutional powers to “end politically motivated prosecution against innovators in digital assets.”

On this basis, CZ is cleared of pending legal restrictions limiting his ability to operate in the US and other jurisdictions.

In the meantime, it is not certain if he will return to holding any executive role within the Binance exchange.

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Crypto.com, a digital assets trading platform headquartered in Singapore, announced on Oct. 24 that it had officially filed a National Trust Bank Charter application with the US Treasury’s Office of the Comptroller of the Currency (OCC).

The regulatory process for approval typically takes between 12 and 18 months for preliminary operational authorization. During this time, Crypto.com will be evaluated by the OCC to ensure it meets the minimum requirements for the charter.

If approved, Crypto.com would see its regulated banking operations fall under US federal jurisdiction and, ostensibly, would no longer be subject to splintered, disparate state laws covering the same banking services.

https://t.co/vCNztATkNg has filed a National Trust Bank Charter application with the @USOCC.

Read more 👉 https://t.co/4ZK05VeKiv pic.twitter.com/kLd45IpeEe

— Crypto.com (@cryptocom) October 24, 2025

The firm has sought rapid global expansion throughout 2025, having just recently secured In-Principal approval from the Central Bank of the United Arab Emirates (CBUAE) for its Foris DAX Middle East FZ-LLC to operate as a licensed Stored Value Facility, making it the first Virtual Asset Service Provider (VASP) in the UAE to achieve this recognition.

Crypto.com’s Cronos CRO $0.15 24h volatility: 1.9% Market cap: $5.30 B Vol. 24h: $29.20 M appears to have risen on the news, peaking at $0.0153 upon the announcement, up more than 2% over the previous 24 hours, before settling back down to $0.0146 as of the time of this article’s publication.

Crypto.com’s CRO coin saw a brief rise on Oct. 24 upon announcing its OCC applications | Source: CoinMarketCap.

Crypto Firms Expand Into Banking

Numerous cryptocurrency firms have taken advantage of the recent regulatory shift towards digital assets in the US by filing for OCC banking charters.

As Coinspeaker reported, Coinbase filed for its charter on Oct. 4, hoping to “streamline oversight for new offerings and enable continued innovation to integrate digital assets into traditional finance.” Meanwhile, BitGo, Circle, Coinbase, Paxos, and Ripple also seek US banking charters.

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Tether, issuer of the leading stablecoin USDT USDT $1.00 24h volatility: 0.0% Market cap: $182.96 B Vol. 24h: $97.27 B and the second-largest tokenized gold XAUT, expects net profits near $15 billion in 2025. This projection reflects ongoing growth in the stablecoin sector, where high interest rates have boosted returns on reserves.

According to Bloomberg, Tether CEO Paolo Ardoino shared this outlook during an interview at the Plan B Forum in Lugano, Switzerland, on Oct. 24, 2025. He noted the rarity of such profits and highlighted the company’s focus on building partnerships to expand its reach, without naming specific investors.

The forecast follows Tether’s strong performance in prior years. In 2024, the company posted over $13 billion in net profit, more than double its $6.2 billion from 2023, according to its attestations. Equity has topped $20 billion, aided by rising Bitcoin BTC $110 551 24h volatility: 0.1% Market cap: $2.20 T Vol. 24h: $50.60 B and gold values in reserves.

According to Bloomberg, Tether CEO Paolo Ardoino has revealed that the company is projected to post a net profit of approximately $15 billion this year, achieving an exceptional profit margin of 99%. When discussing the types of investors Tether aims to attract, he emphasized…

— Wu Blockchain (@WuBlockchain) October 24, 2025

Analysts point to Tether’s low costs and Treasury-backed model as key to its margins. Fintech writer Jevgenijs Kazanins echoed Ardoino’s comments on X, emphasizing the exceptional scale of these earnings.

“This year we’re going to approach another $15 billion profit. That’s very rare,” Tether Chief Executive Officer Paolo Ardoino said, speaking in an interview on the sidelines of the Plan B Forum in Lugano, Switzerland pic.twitter.com/SWI7nnu80d

— Jevgenijs Kazanins (@jevgenijs) October 24, 2025

This comes as Tether explores a funding round for up to $20 billion, implying a $500 billion valuation, according to a CoinDesk report from September. Such a deal would rank it among the top private firms globally.

Stablecoin Market Growth in 2025 and Tether’s Leadership

In context, the stablecoin market has expanded to around $316 billion in 2025, according to CoinMarketCap. Tether holds a dominant share, with recent milestones like reaching 500 million verified users, as Coinspeaker covered on Oct. 21.

Top Stablecoin Tokens by Market Capitalization | Source: CoinMarketCap

Earlier reports from Coinspeaker noted Tether’s record $4.9 billion profit in Q2 2025, and its pivot to gold reserves on Sept. 5 this year. The company’s growth goes beyond the dollar-pegged stablecoin USDT, seeing increased demand for the tokenized gold solution, XAUT.

Competitors like Circle have also minted billions in new tokens, with the stablecoin ratio hitting lows, as detailed in another piece by Coinspeaker. Broader crypto trends, including Bitcoin trading around $110,000, align with increased stablecoin use for payments and DeFi, fueling the crypto market.

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Swiss digital asset bank Sygnum has partnered with Bitcoin BTC $110 527 24h volatility: 1.0% Market cap: $2.20 T Vol. 24h: $54.76 B lending startup Debifi to launch MultiSYG, a bank-backed Bitcoin loan platform that lets borrowers retain shared control of their collateral.

The product, set to launch in the first half of 2026, targets institutions and high-net-worth individuals seeking secure, transparent lending without giving full custody of their assets.

A Shift Away From Custodial Lending

With MultiSYG, users will be able to bypass the requirement of giving up custody of their BTC, which is usually common with traditional Bitcoin-backed loans. Borrowers will deposit Bitcoin into a 3-of-5 multi-signature escrow wallet controlled by Sygnum, the borrower, and independent signers.

“Borrowers can benefit from bank-grade terms in pricing, drawdown flexibility, and loan duration, while keeping cryptographic proof of their holdings and partial control of their Bitcoin via multi-signature technology,” said Pascal Eberle, the head of the MultiSYG initiative at Sygnum.

Any movement of funds requires three approvals, allowing borrowers to verify their holdings on-chain throughout the loan’s duration. Debifi CEO Max Kei said the model removes the need for blind trust in custodians while maintaining regulatory oversight.

Sygnum claimed in a post that MultiSYG combines the security of self-custody with the structure and reliability of traditional banking.

Demand for Safer Bitcoin Lending

After the collapse of centralized lenders like BlockFi and Celsius, demand for non-custodial and verifiable loan structures has increased. MultiSYG seeks to meet that demand while ensuring assets cannot be reused or rehypothecated.

Sygnum said that MultiSYG is part of its ongoing Bitcoin@Sygnum initiative to develop regulated Bitcoin products and infrastructure. The bank plans to make the service available globally upon launch.

Broader Expansion of Sygnum’s Services

The Debefi partnership follows other offerings such as the BTC Alpha Fund, which uses arbitrage strategies to generate yield in Bitcoin, and the bank’s expansion of asset management services into Germany and Liechtenstein.

With regulatory presence in Switzerland, Singapore, Abu Dhabi, and Luxembourg, Sygnum’s footprints in the crypto space continue to go deeper. The firm recently debuted Sygnum Validators, enabling non-custodial staking for select blockchains from Abu Dhabi Global Market (ADGM).

According to the reports, the first validator launch will support the Solana SOL $192.0 24h volatility: 0.5% Market cap: $105.62 B Vol. 24h: $6.14 B , a massive push for the Layer 1 solution. SOL holders can now stake their assets and earn rewards.

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Ethena’s ecosystem has had quite a year, and analysts suggest the growth isn’t slowing down. According to Santiment, the platform’s native stablecoin, USDe, has rapidly climbed the ranks to become the third-largest stablecoin in crypto, trailing only Tether’s USDT and Circle’s USDC.

📊 Ethena's ecosystem has had quite a year, and we may continue to see market caps grow for $ENA and $USDe. The latter has quickly risen to the #3 largest stablecoin in crypto. We discuss it all in our latest report in collaboration with @bybit_official: https://t.co/Us7J7n37RS pic.twitter.com/EkccEsxVnv

— Santiment (@santimentfeed) October 24, 2025

 

Unlike conventional stablecoins backed entirely by fiat reserves, Ethena’s synthetic model relies on trading and hedging mechanisms to maintain its dollar peg. The company complements this with USDtb, a reserve-backed stablecoin supported by real-world assets.

This dual-coin approach positions Ethena to appeal to both crypto-native investors seeking higher returns and institutions prioritizing stability. Its expansion strategy has emphasized accessibility, culminating in a major breakthrough with the Binance listing of USDe trading pairs.

Growing Adoption and Market Challenges

Ethena’s rise began in late 2024 when USDe surpassed Dai (DAI) in market cap, briefly trading places before solidifying its position in mid-2025. Now, with a market cap exceeding $12.26 billion, many in the crypto community see Ethena as a potential challenger to USDC.

Over the past six months, Ethena’s user base has surged. The number of non-empty USDe wallets rose 72%, reaching over 32,500 holders by October 2025. However, the project faced a notable challenge when USDe briefly lost its peg during the October 10 flash crash.

This sparked debate over the resilience of synthetic stablecoins. Despite that setback, confidence has largely rebounded as Ethena strengthens its collateral and risk-management mechanisms.

Stablecoin Market Surge

This surge in USDe demand comes amid a booming stablecoin sector. The passage of the Genius Act in June 2025 provided regulatory clarity and has fueled further adoption.

The total stablecoin market cap has reached $316 billion at the time of writing, the 25th straight month of growth. Monthly transaction volumes doubled year-over-year, now exceeding $4 trillion.

Analysts now predict the market could top $500 billion by 2026 as institutional interest continues to expand.

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Ripple-backed digital asset treasury firm, Evernorth Holdings Inc., has joined the likes of VivoPower International, Trident Digital Tech Holdings, and Webus, which have been stockpiling XRP XRP $2.49 24h volatility: 3.8% Market cap: $149.67 B Vol. 24h: $3.48 B .

The firm allegedly holds approximately 261 million XRP, which is worth $639.45 million, based on the current price of the coin.

Chris Larsen and Ripple Fulfill Commitment to Evernorth Deal

On October 20, Evernorth hinted at its plans to go public on the Nasdaq stock exchange through a merger with a Special-purpose Acquisition Company (SPAC) called Armada Acquisition Corp II (ticker: AACI).

Under this deal, it expects to raise over $1 billion in gross proceeds from SBI Holdings, Pantera Capital, Ripple Labs, GSR, and Kraken.

On X, XRP Ledger dUNL Validator known as Vet, confirmed that Evernorth now has 261 million XRP, suggesting that some partners have redeemed their commitment.

Chris Larsen, Ripple’s co-founder and Executive Chairman, had promised to invest 50 million XRP tokens worth $124.5 million into this Evernorth deal. Net proceeds are dedicated to open-market acquisitions of XRP.

Vet noted that Larsen has sent in his quota, while Ripple sent 211 million and 319,000 XRP in two transactions. Uphold exchange is another entity that has fulfilled its contribution to the deal.

Evernorth has now 261M XRP. Who has sent XRP so far?

> Ripple send two payments, 211M and 319k XRP

> Chris Larsen sent 50M XRP

> Uphold exchange acc sent 199k XRP

> Jana label 🏷️ acc sent 300k XRP

That's all in XRP, no stables. pic.twitter.com/vyqzl7d9vf

— Vet 🏴‍☠️ (@Vet_X0) October 23, 2025

The fundraiser is billed to close in Q1 2026, although it is still subject to regulatory and shareholder approvals. With the secured capital, Evernorth will create an XRP-based treasury.

This is likely to be the world’s largest publicly traded institutional XRP treasury, focused on the accumulation and management of the top digital asset.

XRP Price to Record New High

Broadly, XRP has garnered admiration among investors and traders. It boasts the position as the fifth-largest cryptocurrency by market cap around $146.61 billion at the time of this writing.

Its price is 2.07% high in the last 24 hours and resting at $2.45. This is quite significant considering that the broader cryptocurrency market is currently in a fragile period.

The news about Evernorth’s investment may have contributed to boosting the price of XRP, but a further increase is expected soon. On-chain data and market sentiment suggest a potential XRP turnaround may be near.

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JPMorgan Chase, the largest bank in the United States, is preparing to allow institutional clients to use Bitcoin BTC $110 527 24h volatility: 1.0% Market cap: $2.20 T Vol. 24h: $54.76 B and Ethereum ETH $3 928 24h volatility: 2.0% Market cap: $474.08 B Vol. 24h: $35.73 B as collateral for loans. The bank aims to launch the initiative by the end of 2025.

The program will use a third-party custodian to safeguard crypto assets, according to people familiar with the matter. The offering will reportedly be available to clients worldwide and could represent one of the major steps toward incorporating crypto into traditional lending systems.

Earlier this year, reports surfaced that JPMorgan was also planning to let trading and wealth-management clients use crypto ETFs as collateral, starting with BlackRock’s iShares Bitcoin Trust.

The bank’s new initiative builds on that plan, expanding the range of crypto-linked products available to institutional borrowers.

JPMorgan plans to allow its institutional clients to use their holdings of BTC and ETH as loan collateral by the end of this year. This global program will rely on third-party custodians to safeguard the pledged crypto tokens. This initiative represents an extension of JPMorgan's…

— Wu Blockchain (@WuBlockchain) October 24, 2025

 

JPMorgan’s Deepening Crypto Strategy

This development comes as demand for Bitcoin and Ethereum exposure grows among institutional investors. This is encouraged by more crypto-friendly policies in the U.S. under Donald Trump administration.

The crypto community has recently observed JPMorgan’s evolving stance on digital assets.

CEO Jamie Dimon, long known for his skepticism toward crypto, said earlier this year that JPMorgan would permit clients to buy Bitcoin, even though it would not directly offer custody services. This marks a stark contrast to his 2017 remarks, when he called Bitcoin a “fraud.”

JPMorgan’s involvement in blockchain technology now runs deep. Its Onyx platform processes billions of dollars in tokenized transactions.

The bank’s private, dollar-backed digital currency, JPM Coin, is used by institutional clients for real-time, cross-border settlements.

This year, the bank also added tokenized collateral services, allowing clients to post digital assets for trading and lending.

Wall Street’s Growing Crypto Integration

JPMorgan’s move comes as other major Wall Street banks ramp up their own crypto initiatives. Goldman Sachs has executed Bitcoin-backed loans for clients, signaling the beginning of broader crypto-collateral acceptance in traditional credit markets.

BNY Mellon and State Street have rolled out tokenization, custody, and fund servicing platforms to help institutions safely engage with digital assets. Meanwhile, Citigroup and U.S. Bancorp are developing custody and payment solutions for institutional investors to use crypto as collateral.

These efforts suggest that what began as pilot programs across Wall Street has matured into real client-facing services. This brings the traditional finance world and crypto closer than ever before.

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Crypto traders are waiting for the release of the US CPI report for September, which is planned for Oct. 24. What other events are influencing the crypto market now?

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The long-awaited altseason is nowhere to be seen as market data reveals a clear rotation of capital back into Bitcoin BTC $111 280 24h volatility: 1.5% Market cap: $2.22 T Vol. 24h: $52.35 B . While analysts predict an eventual altcoin revival, ETF flows show that institutional and retail investors are focused more on BTC than altcoins.

According to the data from CoinMarketCap, the dominance of Bitcoin has soared to 59.1% while the leading cryptocurrency has reclaimed the $111K price level, rebounding from weekly lows of $104K.

Bitcoin ETFs Attract Inflows While Ethereum Bleeds

On Oct. 23, spot Ethereum ETH $3 962 24h volatility: 1.5% Market cap: $478.31 B Vol. 24h: $34.50 B exchange-traded funds (ETFs) saw total net outflows of $128 million, with none of the nine ETH ETFs recording inflows. This marks one of the largest daily outflows since their launch.

On October 23 (ET), Ethereum spot ETFs saw a total net outflow of $128 million, with none of the nine ETFs recording net inflows. In contrast, Bitcoin spot ETFs had a total net inflow of $20.33 million, led by BlackRock’s IBIT with $108 million in net inflows.… pic.twitter.com/n5ECxIi31q

— Wu Blockchain (@WuBlockchain) October 24, 2025

On the other hand, Bitcoin spot ETFs recorded total net inflows of $20.33 million, led by BlackRock’s IBIT with a massive $108 million inflow.

Meanwhile, the Altcoin Season Index reads 24, which heavily favors the world’s largest digital asset. Ethereum’s inability to break past its 2021 all-time high of $4,800 in contrast to Bitcoin printing new highs above $120K represent the weaker demand for altcoins.

Futures Market Confirms Bitcoin’s Dominance

According to data from CryptoQuant, Bitcoin continues to dominate Binance’s futures market, commanding 27.17% of the exchange’s $2.002 trillion futures volume in October.

Monthly Bitcoin futures trading reached $543.33 billion, a major increase from September’s $418 billion. The consistent $2 trillion-plus trading volume showcases increased market activity and confidence.

BTC futures trading volume | Source: CryptoQuant

CryptoQuant analysts suggest that if the rising trend in funding rates and open interest continues, Bitcoin may be poised for a breakout beyond its historical resistance levels.

Altseason Delayed, but Not Dead

Crypto influencer Ash Crypto stated that bull markets typically begin with liquidity flowing into safer assets before rotating into riskier ones. He explained that the sequence often unfolds as USD, BTC, ETH, high caps, and finally low caps. This pattern has been consistent with previous cycles in 2017 and 2021.

Why no Altseason in 2025 yet ?

Bitcoin has pumped 8.5x to $126,000 from the bottom of $15,400 in November 2022.

US stocks are at an all-time high.

Gold added $15 trillion to its market cap.

With massive liquidity, all these big assets are absolutely exploding. While ETH is…

— Ash Crypto (@Ashcryptoreal) October 24, 2025

Ash Crypto also pointed out that while Bitcoin has surged 8.5x from its 2022 bear market low of $15,400 to around $126,000, altcoins remain range-bound. Investors have favored safe havens such as gold, top-performing US equities, and Bitcoin itself, not altcoins.

However, Ash Crypto believes that with three Federal Reserve rate cuts expected in 2025 and quantitative tightening coming to an end, liquidity will eventually return to risk assets, as investors look for the next big crypto.

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ASTER posted a strong 15% rally on October 23, as its price climbed from just under $1.00 to an intraday peak of $1.11, propelling its market capitalization past $2.2 billion. The surge followed the official rollout of Aster’s much-anticipated Rocket Launch campaign, allowing users to gain exposure to early-stage crypto projects before major exchange listings.

According to an official X thread, each Rocket Launch event includes a reward pool composed of ASTER tokens and the participating project’s native tokens. Projects joining the campaign contribute funds and tokens, which Aster uses for ASTER buybacks before merging both assets into a reward pool distributed to eligible traders.

Aster unveils Rocket Launch 🚀✨Your gateway to early-stage crypto projects and trading rewards is here!

Aster is proud to introduce Rocket Launch, designed to provide liquidity support for early-stage projects while giving users early access to emerging on-chain opportunities.… pic.twitter.com/cfkPYC1DtY

— Aster (@Aster_DEX) October 23, 2025

Participants can qualify by meeting campaign-specific trading requirements, such as maintaining the required ASTER balance in both Spot and Perpetual accounts and achieving the designated trading volume across supported pairs.

The team confirmed that winners will share $200,000 worth of ASTER rewards, reinforcing community engagement and market participation.

CZ Pardon Intensifies Buy Pressure on Aster

Donald Trump’s presidential pardon of Binance founder Changpeng Zhao (CZ), confirmed shortly after the Rocket launch campaign’s announcement, intensified the buy pressure on Aster. The announcement reignited optimism across the crypto market, particularly for projects linked to the exchange, with Aster among the top trending tokens within the BNB BNB $1 138 24h volatility: 5.8% Market cap: $158.33 B Vol. 24h: $4.70 B ecosystem.

CZ has frequently praised Aster’s infrastructure in recent months, highlighting its advanced liquidity routing and hybrid DEX model in multiple X posts since its launch in September. His public endorsements and rumored advisory involvement have strengthened market perception of Aster as a next-gen DEX capable of bridging centralized and decentralized liquidity pools.

The dual tailwinds from the Rocket Launch campaign and CZ’s pardon created a perfect setup for bullish momentum, helping Aster reclaim its multi-week high above $1.10 and reaffirm investor confidence heading into Q4.

Aster price action, October 23, 2025 | Source: Coinmarketcap

Following the pardon news, market data trends revealed active whale involvement during the Aster rally. Notably, Coinmarketcap data shows that Aster’s 15% price breakout on October 23 was accompanied by a 5% decline in trading volume. This signals that the rally was mainly driven by large buy orders from a few whale participants, rather than retail-driven market momentum.

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Luxembourg-based fintech firm Blockchain.com can legally offer wallet and custody services in the European Economic Area (EEA) after securing its Markets in Crypto-Assets (MiCA) license from the Maltese Financial Services Authority (MFSA).

Blockchain.com CEO Peter Smith shared the news in an Oct. 23 post on X, calling it a “major step forward” for the firm.

Excited to share that @blockchain.com has officially received our MiCA license.

This is a major step forward for our mission to build a more open, transparent, and compliant digital asset ecosystem across Europe. With Malta as our hub, we’re scaling solutions tailored to…

— Peter Smith (@OneMorePeter) October 23, 2025

Smith also praised “Malta’s regulatory clarity and strategic position” in a statement, where he referred to the country as “the ideal hub to scale Blockchain.com’s European operations.”

MiCA License Opens Door to 30 European Markets

Blockchain.com says it will begin scaling its European services with new, MiCA-compliant products. According to a press release, it will begin offering secure digital asset custody, treasury, and wallet services to all of the EEA’s 30 member states.

The firm also announced the appointment of Fiorentina D’Amore “to lead the execution of the EU strategy.” D’Amore is the Chairperson of Financial Institutions Malta Association (FIMA).

Blockchain.com has also recently received regulatory approval to scale its operations beyond Europe. As Coinspeaker reported on Aug. 1, the Monetary Authority of Singapore (MAS), the country’s central bank, granted Blockchain.com a major payment institution (MPI) license, allowing it to provide accredited customers with digital payment token (DPT) services.

The flurry of recent activity comes as the company seeks a US public listing through a SPAC merger, according to an Oct. 20 report. While no clear details have emerged yet, Blockchain.com has reportedly engaged in advisory discussions with Cohen & Company Capital Markets.

It has also shored up its legal team over the past couple of months, appointing Timothy Flynn, former KPMG CEO and JPMorgan board member, and Landon Edmond, Klaviyo’s chief legal officer, to its board.

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