ETH Plunged 16% in October as Ethereum ETF Outflows Hit All-Time High
- Ethereum experienced a significant decline of over 16% in October, primarily due to record ETF outflows exceeding $1.6 billion. - After a brief rally early in the month, ETH faced rejection at the $2,800 resistance, leading to a drop to a two-month low of $2,150 by the end of October. - The cumulative net inflows for Ethereum ETFs decreased from $13.89 billion at the end of September to $12.29 billion in October, marking the largest monthly net outflow since the ETFs' inception.
While crypto isn't a major issue in the 2026 election, the industry will be shaped by who takes office in January. Here are the main races CoinDesk is tracking.
🇺🇸 Crypto PACs made big Republican push in final weeks before November 3 election
Even as polling and online wagers put Democrats at a high chance to claim greater power in Congress, the industry's high-profile support has gone the other direction.
🇺🇸🇨🇳 Bitcoin Should Be Plunging Much Harder: So Why Is BTC Still Above $77K?
- Bitcoin has faced a challenging month, yet it remains resilient, trading in the upper $70,000s despite significant market turmoil. - Global markets experienced sharp declines, particularly in US tech stocks and China's CSI 300, which saw its largest monthly drop in over a decade. - Factors such as a major Binance hack, expectations of a Federal Reserve rate hike, and geopolitical tensions have contributed to market pressures, but Bitcoin's price stability is notable under these circumstances.
🇺🇸 Ripple Had a Massive October, but XRP Went the Other Way
- October 2026 did not meet high expectations for crypto gains, particularly for XRP, despite significant expansions in Ripple's institutional business. - Ripple made notable partnerships and developments, including fixing a vulnerability in the XRP Ledger, launching institutional custody for RLUSD, and introducing an expanded Ripple Treasury platform. - Despite positive advancements and a strong revenue run rate, XRP's price struggled, failing to capitalize on the surrounding positive news and experiencing a decline after the Binance hack.
This Altcoin Defies Sunday Sluggishness as BTC Eyes $78K Recovery: Weekend Watch
- Bitcoin is gradually recovering from a significant hack, currently aiming to reclaim the $78,000 level after dipping to a six-week low of $76,100. - Most altcoins have shown sluggish performance, with Ethereum up slightly and TRX experiencing a nearly 5% drop, while LIT stands out with a 16% surge. - The total cryptocurrency market cap has increased by $20 billion, reaching $2.620 trillion, with Bitcoin's market cap at $1.560 trillion and its dominance near 60%.
🇺🇸 ‘Uptober’ Flopped as BTC Tanked 7%: Will November Be Any Different?
- October, traditionally known as 'Uptober' for positive BTC performance, saw Bitcoin decline by over 7.3% after a three-month upward trend. - Key support levels were breached following disappointing inflation data and a significant hack at Binance, leading to a six-week low of $76,100. - November's outlook remains uncertain, with historical volatility and upcoming events like the US mid-term elections potentially impacting Bitcoin's performance.
🇰🇷🇺🇸 Binance Starts Withdrawal Recovery as FBI Blames North Korea for $6B+ Hack
- Binance is set to resume withdrawals in phases starting today, covering 15 networks and various cryptocurrencies, while assuring users that 95% of the stolen assets have been replenished. - The FBI has attributed the recent $6 billion hack to North Korean hackers, linking it to their cyber campaign "TraderTraitor," and warned that stolen assets are being laundered through various channels. - US President Donald Trump has expressed intentions to discuss the hack with North Korea, acknowledging the country's involvement in the cyber attack.
Bitcoin Price Prediction for the Week: Will BTC Reclaim $80K or Dump Toward $70K?
- Bitcoin's price has dropped to around $77K after losing the $80K support, testing a significant demand zone that previously supported its advance in September. - The 4-hour chart indicates a breakdown below key support levels, with the next demand zone between $74.9K and $76.3K; failure to hold this area could lead to further declines. - On-chain data shows recent holders nearing breakeven around $76K–$76.5K, making this level critical for market sentiment, while higher realized prices for longer-term holders may pose additional resistance.
Bitcoin lên tới 1,6 triệu USD? Bitwise tăng mục tiêu giá năm 2036 bất chấp sự suy thoái thị trường tàn khốc
- Bitwise đã tăng mục tiêu giá Bitcoin trong 10 năm từ 1,3 triệu USD lên 1,6 triệu USD, với lý do thị trường có địa chỉ lớn hơn và thị phần tiềm năng của Bitcoin bất chấp giá giảm gần đây. - Tốc độ tăng trưởng kép hàng năm dự kiến của Bitcoin đã tăng từ 28,3% lên 34,3%, được thúc đẩy bởi các ước tính gia tăng đối với thị trường lưu trữ giá trị và đầu tư tổ chức. - Mặc dù thừa nhận những thách thức, Bitwise lưu ý mối tương quan ngày càng tăng của Bitcoin với vàng và thị phần ngày càng tăng của nó trên thị trường lưu trữ giá trị, đã tăng từ dưới 1% lên hơn 5% trong thập kỷ qua.
FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses
While the FBI listed hundreds of addresses in its notice, Chainalysis said the Binance attackers have already used "thousands addresses," and expects this number to continue growing.
🇺🇸🇰🇷🇷🇺 US Sanctions Two Russians Over North Korean IT Workers’ Crypto Cash-Outs
- The US Treasury sanctioned 10 individuals and one entity for facilitating North Korean IT workers in earning money through fraudulent employment and converting cryptocurrency to cash. - Russian nationals Ilya Boykov and Vitold Obertas were identified as key intermediaries in a network generating hundreds of millions for North Korea, converting nearly $2 million in crypto for officials. - North Korean IT workers are using fake identities to secure jobs and transfer income to the regime, with operations estimated to generate $250 million to $600 million annually, exacerbated by AI tools making recruitment fraud harder to detect.
🇺🇸 Tether Posts $1.5B Q3 Profit as Reserve Buffer Nearly Doubles to $8B
- Tether reported a $1.5 billion net operating profit for Q3 2026, maintaining a total of $4.5 billion for the first nine months of the year, despite market volatility. - The company's reserve buffer increased to nearly $8 billion, with total reserve assets at $191.5 billion and liabilities around $183.5 billion, primarily held in US Treasury bills. - Tether continues to lead the stablecoin market, exploring new initiatives such as a tenge-backed stablecoin with Kazakhstan and investing in payment infrastructure in Latin America.
Bitcoin's white paper turns 18, and small businesses are still paying for the bailouts it answered
Eighteen years after Satoshi published the Bitcoin white paper, business owners are still covering the cost of a system built on bailouts, and they can protect part of their surplus by keeping it in bitcoin, argues Onramp CEO Michael Tanguma.
🇪🇺 Christine Lagarde Is Leaving the ECB: Here’s What She Really Thought About Bitcoin
- Christine Lagarde announced her resignation as President of the European Central Bank, effective February 7, 2027, ahead of her term's end. - Lagarde has been a vocal critic of Bitcoin and cryptocurrencies, labeling them as "highly speculative assets" and asserting they are "worth nothing." - Despite her warnings, her son invested in crypto and lost 60% of his investment, highlighting the risks she cautioned against.
🇬🇧 A stolen iPhone, $14,000 in losses and London's crypto theft problem
Two strangers befriended Magnus Ahmad outside a London bar. Hours later, thieves had emptied his crypto wallets, accessed his bank accounts and disabled his laptop.