Chris Blake
Fed cuts rates but Powell tempers December cut expectations
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The US Federal Reserve cut interest rates by 0.25% to a range of 3.75%-4.0% on Wednesday, as expected. However, Chair Jerome Powell's hawkish comments during the press conference cast doubt on a further cut in December, triggering a selloff in crypto markets. Bitcoin fell below $110,000, while Chainlink experienced volatility before a partial rebound.
Solana price drops despite U.S. spot ETF launches
Solana's token price tumbled 8% on Thursday, erasing year-over-year gains, even as the first spot-based Solana ETFs debuted in the U.S. The Bitwise Solana Staking ETF attracted significant inflows, but failed to lift the price. Meanwhile, Fidelity advanced its own Solana ETF filing with the SEC.
Austrac fines crypto ATM operator Cryptolink in scams crackdown
Australia's financial crimes regulator AUSTRAC has fined cryptocurrency ATM operator Cryptolink $56,340 as part of efforts to combat scams and money laundering. The action highlights growing concerns over crypto ATMs, which have been linked to significant losses for victims, including elderly Australians. While new restrictions were imposed in July, advocates continue to call for an outright ban.
Federal reserve cuts rates amid trump crypto surge
October 30, 2025 21:46Senate Democrats demand investigation into Trump's pardon of Binance founder
October 30, 2025 20:16XRP plunges 8% as fed signals and bitcoin weakness hit
October 30, 2025 15:27Satoshi Nakamoto's Bitcoin holdings fall $4.9 billion in sell-off
October 30, 2025 03:30Aave token falls 8% amid broader crypto market weakness
October 30, 2025 00:15Goldman Sachs and DBS complete first OTC interbank crypto options trade
October 29, 2025 21:21Top US crypto exchanges recommended for 2025 investors
October 29, 2025 16:41Bitwise analyst forecasts rapid $1 billion growth for XRP ETF
October 29, 2025 12:17Mastercard in late-stage talks to acquire Zero Hash
October 29, 2025 06:02Trump organization reports major crypto earnings in 2025
Bitcoin falls below $108,000 after Fed's rate cut
Chris Blake Image generated by AI
Bitcoin dropped below $108,000 on October 30, 2025, as the cryptocurrency market shed over $80 billion following the Federal Reserve's 25 basis point interest rate cut. Traders reacted with a 'sell the news' move amid hawkish comments from Fed Chair Jerome Powell signaling no further cuts in December. The decline marks a disappointing end to 'Uptober,' with bitcoin on track for its worst monthly performance since 2014.
Prosecutors warn of crypto ATM scam in Washington
A woman in Washington, D.C., claims she lost thousands in a cryptocurrency scam involving ATMs. The city's top prosecutor accuses an ATM provider of enabling the fraud, where victims are tricked into buying bitcoin to supposedly protect their money. California regulators have also cracked down on similar kiosk operators for overcharging consumers.
Mastercard declines comment on reported zerohash acquisition
Mastercard executives sidestepped questions about a reported $2 billion deal to acquire crypto infrastructure firm Zerohash during their third-quarter earnings call. The card network emphasized a broad acquisition strategy without confirming the speculation. This comes amid accelerating mergers and acquisitions in the digital assets sector.
Coinbase reports strong Q3 earnings as everything exchange advances
Coinbase announced $1.9 billion in revenue and $433 million in profit for the third quarter of 2025, marking a 25% increase from the previous period. The company highlighted progress on its 'Everything Exchange' vision, integrating trading, financial services, and applications. CEO Brian Armstrong emphasized solid financial results and innovative product development.