🏦 Crypto-Backed Loans, Inflation, $800B Exits Altcoins, Satoshi Honored

Good Afternoon,

We made it to Friday! Yay!

Crypto continues to evolve across institutions, policy, and public life. JPMorgan plans to accept Bitcoin and Ether as loan collateral by year-end, just as cooling U.S. inflation pushes Bitcoin to $112K.

Meanwhile, corporate treasury moves are draining liquidity from altcoins, and the City of Lugano unveils a new statue honoring Satoshi Nakamoto. This statue replaces the first Satoshi statue that was stolen, vandalized, and found in Lake Lugano in early August 2025.

Check out the rest of the news below!

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News Roundup

Artificial Intelligence

• OpenAI’s New Atlas Browser Faces Major Security Risks From Prompt Injection Attacks (Decrypt)

• RAND Warns U.S. Is Unprepared for ‘Robot Insurgency’ Scenario in Alarming AI Cyberwarfare Report (Decrypt)

• Fetch.ai and Ocean Protocol Reach $120M FET Token Return Deal to Avoid Lawsuit (Cointelegraph)

• Tether Launches Decentralized AI App and Massive STEM Dataset to Challenge Big Tech (The Block)

• EA and Krafton Go All-In on Generative AI to Transform Game Development (Decrypt)

Decentralized, Centralized, & Traditional Finance

• Aave Weighs $50M Annual Token Buyback Despite Ongoing Debate Over Its Effectiveness (DL News)

• Spark Allocates $100M to Superstate Fund as DeFi Protocols Seek Yield Beyond Treasurys (The Block)

• Bitfinex-Backed Stable Blockchain Opens Pre-Deposit Early as Whales Pour In $500M USDT (Etherscan)

• Custodia and Vantage Bank Unveil Tokenized Deposit Platform to Bridge Banking and Blockchain (Cointelegraph)

• DeFi Perpetuals Smash $1 Trillion in Monthly Volume, Setting New Record Ahead of October’s Close (Cointelegraph)

• JPMorgan to Accept Bitcoin and Ether as Loan Collateral by Year-End (Bloomberg)

• Bitcoin Critic Peter Schiff Plans Tokenized Gold App and Debit Card (The Defiant)

• Crypto.com Applies for National Bank Charter to Expand Regulated Services (Decrypt)

• Tether Targets 100M U.S. Users With December Launch of Regulated USAT Stablecoin (CoinDesk)

• Crypto M&A Boom Looms as ‘100 Billion Pound Gorillas’ Like Coinbase and Stripe Enter the Arena (DL News)

• Pump.fun Acquires Padre to Boost Liquidity as Memecoin Mania Fades (Cointelegraph)

Exchanges

• KuCoin’s KCS Outperforms Bitcoin in Q3 as Exchange Climbs Into Global Top Three for Derivatives (TokenInsight)

• Upbit Lists Auderly (ORDER) in KRW Market With Trading Set to Begin October 24 (Upbit)

• Crypto Spot Trading on Centralized Exchanges Rebounds 31% in Q3 After Early-Year Slump (Cointelegraph)

• Bitpanda Expands to UK, Aiming to Become Nation’s Top Crypto Platform (The Block)

• WazirX Resumes Trading as FCA Targets HTX in Global Crypto Crackdown (Cointelegraph)

Exchange-Traded Funds

• Nearly 80% of Hong Kong’s Wealthy Plan to Invest in Crypto as Region Expands ETF Access (Cointelegraph)

• U.S. Ethereum spot ETFs recorded a combined $128 million in net outflows on October 23 (ET).

• On October 23, U.S. Bitcoin spot ETFs drew $20.33 million in net inflows.

Infrastructure

• Solmate Shares Jump 50% as Firm Unveils Solana Validator Center and Bold Acquisition Strategy (The Block)

• Uniswap Foundation Grants $9M to Brevis for ZK-Powered Router Rebate Program (Brevis)

• Binance Wallet Launches x402 List to Support Open Internet Payments (Binance Wallet)

• Zelle Explores Stablecoin Integration for Global Money Transfers (The Block)

• Ledger Faces Backlash Over New Multisig ‘Cash Cow’ Fees and Dropped Nano S Support (The Block)

Markets

• Near Developers Push 50% Inflation Cut Despite Governance Backlash (DL News)

• ‘Trump Insider Whale’ Closes $200M Bitcoin Short, Nets Millions Before Price Rebound (Decrypt)

• BNB and Trump-Linked Tokens Surge After Presidential Pardon of Binance Founder CZ (Decrypt)

• Bitcoin’s Mid-Sized Holders Keep Buying as Leverage Flush Sets Stage for Potential Bullish Rebound (Decrypt)

• Trader Who Made $190M Shorting Market Also Profited From Bet on CZ’s Trump Pardon (Cointelegraph)

• Bitcoin Options Open Interest Hits Record $63B as Traders Target $120K–$140K Upside (Cointelegraph)

• Corporate Crypto Treasuries Drain $800B From Altcoin Market, Says 10x Research (Cointelegraph)

• ASTER to Use Up to 80% of Season 3 Fees for Token Buybacks (Aster)

• Bitcoin Hits $112K as Cooling U.S. Inflation Boosts Risk Assets (Cointelegraph)

• XRP Jumps 5% as Ripple Finalizes $1.25B Hidden Road Acquisition, Rebrands as Ripple Prime (The Defiant)

Mining

• Tari Promises ‘One-Click’ Crypto Mining in Under a Minute With Tari Universe App (Decrypt)

• Bitcoin Miner Debt Skyrockets 500% to $12.7B as Firms Pivot Toward AI and Hashrate Dominance (Cointelegraph)

• 14-Year-Old Bitcoin Miner Wallet Awakens, Moves 150 BTC From 2009-Era Holdings (The Block)

• Solo Bitcoin Miner Wins $347K Block Reward, Showcasing True Decentralization (Cointelegraph)

• US Energy Secretary Proposes Fast-Track Grid Access for Bitcoin Miners and AI Data Centers (Cointelegraph)

Non-Fungible Tokens

• Valve Update Wipes $2B from Counter-Strike 2 Market, Sparks NFT Debate (Cointelegraph)

Politics & Regulation

• Trump and Xi Set for First Face-to-Face Meeting Since Trump’s Return to Power Amid Renewed Trade Tensions (Bloomberg)

• Coinbase CEO Says U.S. Crypto Market Structure Bill ‘90% Complete’ Despite Government Shutdown (Cointelegraph)

• Big Tech and Crypto Giants Help Fund Trump’s $300M White House Ballroom Project (The Hill)

• Rep. Maxine Waters Slams Trump’s Pardon of Binance Founder as ‘Blatant Pay-to-Play Corruption’ (Decrypt)

• Thai Regulators Raid Sam Altman’s World Over Unlicensed WLD Token Operations (Cointelegraph)

• Bitcoin App Relai Secures EU MiCA License in France, Expands Across Europe (Cointelegraph)

Token Generation Events

• Vultisig to Launch Token on Oct. 27 Ahead of Kraken Listing (Kraken)

• Polymarket Confirms POLY Token and Airdrop as Prediction Market Growth Surges (The Block)

Treasuries

• Covalent Launches Strategic Reserve to Lock 10% of $CXT Supply and Build Long-Term Deflationary Model (Covalent)

Other News

• Bitcoin’s ‘Apex Predator’ Spirit Immortalized in Shark Statue at Santa Monica’s Bitcoin Alpha Event (Decrypt)

• Newly Pardoned CZ Accepts Peter Schiff’s Challenge to Debate Bitcoin vs. Tokenized Gold (Bitcoin Magazine)

• U.S. Weighs Quantum Computing Investments to Counter China and Safeguard National Security (Cointelegraph)

• Canadian Court Clears Exchange After Investor Ignores Multiple Scam Warnings and Loses $480K in Ethereum (Decrypt)

• Australia Tops Global Rankings for Crypto Interest and Adoption (Cointelegraph)

• North Korea Expands $6B Crypto Crime Network Across Russia, Hong Kong, and Cambodia (DL News)

• 83 Arrested in Interpol’s $260M Crackdown on Crypto Terror and Cybercrime in Africa (Decrypt)

• City of Lugano Unveils New Statue Honoring Bitcoin Creator Satoshi Nakamoto (Lugano Plan B)

• Five Plead Guilty in $7.9M Dark Web Crypto Drug Scheme “FireBunnyUSA” (Decrypt)

• Cointelegraph Partners with University of St Andrews to Boost Web3 Education (Cointelegraph)

Check This Out

Base dominates with 800,000+ memecoins launched in October so far, followed by Solana with ~337,000 and BNB Chain with ~291,000.

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