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Moody’s Analytics has identified a cryptocurrency market crash as one of the key economic shocks that could emerge over the next 12-18 months, BeInCrypto reported. While Moody’s assessed the likelihood of such a crash as relatively high, it said the damage to the broader economy would likely be comparatively limited. It did not provide a specific probability or price outlook. Moody’s said four risks could have a larger economic impact than a crypto crash: a sharp sell-off in AI stocks, an escalation of war in Iran, turmoil in the bond market and a policy mistake by the Federal Reserve. With inflation still elevated, further tightening by the Fed could increase pressure on markets, Moody’s said, adding it expects the central bank not to raise rates this week and believes it should refrain from doing so.

Strategy CEO Phong Le said preferred stock STRC plans to begin paying daily dividends a week after receiving regulatory approval.

New York’s Gaming Commission has begun legal proceedings to compel prediction market platform Kalshi to turn over investigation records tied to sports event contracts, TradingKey reported. The commission filed a petition with the New York County Supreme Court against Kalshi and its subsidiary KalshiEX LLC, saying the company either failed to respond to a subpoena issued on July 31 or answered some requests inadequately. The requested materials cover four areas: - records related to sports event contracts - services provided to New York residents under age 21 - advertising that described the products as gambling or betting - the company’s ownership structure and governance The commission plans to use the materials to decide whether to impose penalties on Kalshi and, if so, how large they should be. The petition also alleges Kalshi operated a sports betting business in New York without a license for at least 18 months. Kalshi has maintained that its event contracts are financial products regulated by the Commodity Futures Trading Commission, putting them outside the scope of state gambling laws.

Wallets holding at least 10 million XRP now control a combined 46.87 billion XRP, or about 68.5% of total supply, marking the group’s highest share of supply since November 2022, according to Santiment. A CoinNess analysis indicates those whales have continued to add to holdings while XRP has remained sluggish around $1.29. From a technical perspective, $1.30 is seen as a near-term pivot point, while a recovery to $1.50 could offer a stronger signal supporting a bullish reversal. Holding above $1.20 while whale wallet balances stay elevated is seen as a key gauge of whether accumulation remains intact.

Altcoin speculative activity has cooled, according to Glassnode lead analyst AntiFragile. AntiFragile said total spot trading volume has returned to around three times Bitcoin trading volume, which is the median level since 2022. The figure was close to four times in late September. For investors considering altcoin purchases, AntiFragile added the current market offers a better entry point than a month ago, when conditions were more overheated.

Ethereum co-founder Vitalik Buterin backed an AI model approach that intentionally excludes advanced cyberattack capabilities from training data, according to CryptoPotato. Buterin said Kimi 3.1’s limits on advanced cyberattack functions were a tolerable trade-off because they give defenders more time to prepare. He also warned that if early responses to AI risks fail, access to AI models could become excessively restricted through measures such as mandatory KYC for all users and broad surveillance. Buterin added that he was also concerned about a society in which access to AI is differentiated by eligibility requirements and nationality.

Glassnode said recent Bitcoin buyers have moved out of a zone associated with heavy selling pressure. At the end of September, nearly all Bitcoin held by short-term holders was in profit, but that share has now fallen to around 70%, suggesting unrealized gains among short-term holders have narrowed from a month ago. For investors who expect the uptrend to continue, the current market may offer a relatively better entry point than the overheated conditions seen in late September.

France’s Finance Ministry, the Autorité des Marchés Financiers, the Bank of France and the Autorité de Contrôle Prudentiel et de Résolution said EU stablecoin rewards should be allowed under certain conditions as part of revisions to the Markets in Crypto-Assets regulation, Bitcoin.com reported. In a joint opinion, the French authorities argued third-party rewards paid to stablecoin holders by crypto exchanges and other intermediaries should be regulated rather than banned outright, according to Bitcoin.com. The authorities said such rewards could emerge naturally in the market even if a full ban were imposed, making a transparency- and investor-protection-based framework the more reasonable approach. They added the rewards could lower holding costs for e-money tokens, or EMTs, support round-the-clock financial services, and weaken the competitiveness of euro stablecoins if related rules were stricter than those in major rival markets such as the U.S. The French authorities proposed four conditions for allowing such rewards: platforms paying the rewards should clearly disclose relevant information to users; they should not promise guaranteed returns; they should not market the rewards as deposit or savings products; and regulators should monitor the impact on bank deposits. The authorities also said stablecoin issuers should continue to be barred from paying interest solely for holding tokens.

The U.S. Commodity Futures Trading Commission is starting discussions on how to respond to the spread of AI trading, Crypto in America reported. The CFTC’s innovation task force plans to hold its first Frontier Forum on Super Intelligence on Wednesday, local time, to discuss the impact of advanced AI on U.S. financial markets and regulatory challenges in overseeing autonomous AI trading. CFTC Chairman Michael Selig will open the forum, with representatives from Tempo, Hedera and Chainlink set to attend from the crypto industry. The discussions come as autonomous payments by AI agents using blockchain and stablecoins emerge as a new use case. Meanwhile, the crypto industry is asking the U.S. SEC to clarify crypto-related rules as the CLARITY Act has made no legislative progress in Congress. In comment letters on the SEC’s proposed "Regulation Crypto Assets," industry participants requested clear standards on when a token ceases to be linked to an investment contract, how secondary-market trading should be treated, and whether network upgrades and token buybacks trigger securities-law obligations. Coinbase called for higher fundraising limits through token issuance and clearer rules on airdrops and network rewards. Law firm Cahill Gordon & Reindel argued the current proposal alone makes it difficult for secondary-market participants to determine whether regulations apply and said an additional safe harbor is needed.

Nasdaq-listed Solana Company (HSDT) has been designated a strategic enterprise by the Hong Kong government, CoinMarketCap reported. The company plans to establish an Asia-Pacific headquarters in Hong Kong and build validator operating infrastructure for Solana (SOL).

Canada has released a draft regulatory framework for stablecoin issuers that would bar interest payments on holdings and require full reserves and redemption rights, Decrypt reported. The measures are targeted for implementation in fall 2027. Under the draft, issuers would be required to maintain reserves equal in value to stablecoins in circulation. Eligible reserves would be limited to cash, government debt including Treasury bills with maturities of three months or less, and money market funds that hold only those assets. The reserves would have to be kept in segregated accounts at custodians in Canada so they would not be subject to creditor claims if an issuer goes bankrupt. Users would be entitled to redemption within three business days after making a request, and redemption fees could not exceed 1%. Issuers would be barred from paying interest simply for holding the coins, while indirect yield payments through third parties would also be prohibited. Rewards tied to actual use of the coins, rather than passive holding, could be permitted. The draft also would prohibit issuers from presenting stablecoins as bank deposits or claiming they are covered by deposit insurance or government guarantees. The Bank of Canada would register and supervise issuers, and violations could draw fines of as much as CAD10 million ($7.2 million), depending on the severity of the case.

Blockchain ticketing infrastructure provider Aventus (AVT) announced that the Aventus DAO Council has outlined decisions on bridge recovery, AVT supply and the AvN mainnet v10.0.3 upgrade. The statement included a recovery plan, a one-time replacement issuance, a new permanent transaction-fee burn mechanism and next steps for restoring the bridge.

The three major U.S. stock indices closed higher today. - S&P 500: +0.70% - Nasdaq: +0.82% - Dow Jones: +0.29%

Solana treasury company DeFi Development announced the purchase of 5,346 SOL, bringing its total holdings to about 2.595 million SOL.

DePIN project Render (RENDER) said the first-round vote on RNP-024 will begin at 12:00 a.m. UTC on Oct. 27. The proposal would introduce Forth to the Render Network ecosystem as a gateway for private access to AI models. A snapshot will be taken immediately before the vote.

Bitcoin has tested the $80,000 level several times and fallen below it, but exchange inflows from short-term holders have remained relatively limited, crypto analyst Darkfost said on X. Over the past 24 hours, short-term holders transferred a total of 19,800 BTC to exchanges, including 11,300 BTC moved at a profit and 8,500 BTC moved at a loss, Darkfost said. That level was not excessive compared with exchange inflows seen in recent months, and inflow activity from short-term holders has been stabilizing aside from a surge on Oct. 8, local time, Darkfost added.

Sui said CCTP V2 has gone live as native USDC marks its second anniversary on the layer-one blockchain, linking it with 29 chains. Sui added that sending USDC on Sui is gas-free.

Whale Alert reported that 202,600,000 USDT has been transferred from an unknown wallet to Bitfinex. The transaction is valued at about $202 million.

Binance founder Changpeng Zhao, also known as CZ, said at the Nasdaq opening bell ceremony for Nasdaq-listed BNB Standard Corporation, ticker BNC, that cryptocurrency will become the base currency for artificial intelligence, The Block reported. Zhao added it remains unclear which token AI will use, but said he hopes BNB Chain can play a role.

Payward, Kraken’s parent company, plans to become the first CFTC-regulated distributor for HIP-3* markets on Hyperliquid, the layer-1 blockchain focused on decentralized derivatives, according to Hyperliquid. Using Hyperliquid as the infrastructure layer, Payward plans to distribute a perpetual futures market for U.S. customers. Subject to regulatory approval, Bitnomial, Payward’s CFTC-regulated DCM and DCO unit, would act as the HIP-3* distributor responsible for market creation, ownership and management, as well as contract clearing and settlement. NinjaTrader Clearing, a CFTC-registered FCM, would manage customer accounts. HIP-3* adds an optional distributor-setting feature for permissioned markets to HIP-3 and is set to be supported in a future network upgrade, with no changes to existing markets. The initial version is available on testnet, and the specifications remain preliminary and may change based on feedback.

Osmosis said OSMO inflation has been halted. No new OSMO was issued in the latest epoch, down from the previous daily issuance of 91,324 tokens. Governance Proposal 1053 passed with 91.1% support, and future staking rewards will be paid from protocol revenue. Burned OSMO will be removed from the total supply.

The spot CVD chart is an order book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the Volume Heatmap, while the lower panel shows cumulative volume delta, or CVD. - The Volume Heatmap tracks trading volume at each price level. The background color becomes brighter when the price stays in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance levels. - The cumulative volume delta indicator in the lower panel reflects buy and sell orders by order size. As buy orders increase, the corresponding colored line moves higher. The yellow line represents orders between $100 and $1,000, while the brown line is based on large orders between $1 million and $10 million.

Bitcoin is trading near $80,000 after failing to break above $85,000 last week, while buying by spot and exchange-traded fund investors has slowed as the price declines, according to a Glassnode analysis posted on X. The analysis said long-position holders in the futures market are still paying funding fees, while the options market is showing hedging demand tied to risk aversion.

Binance’s share of total stablecoin holdings across centralized exchanges rose from about 58% in mid-2025 to around 75% in October this year, according to CryptoQuant.

The Dutch cryptocurrency industry raised concerns that the government’s proposed wealth tax overhaul could lead investors to sell crypto assets, Crypto Briefing reported. Under the current tax code, cryptocurrencies are classified as other assets and taxed based on assumed returns rather than actual gains. The proposed revision could include taxing annual real returns, including unrealized gains, drawing stronger pushback from the industry. Industry officials warned the approach could intensify crypto selling and accelerate an investor exodus if adopted.