Cryptocurrency
Fed cuts rates but Powell tempers December cut expectations
Chris Blake Image generated by AI
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.
Top US crypto exchanges recommended for 2025 investors
A 2025 guide highlights Coinbase, Kraken, and Crypto.com as leading cryptocurrency exchanges for US users, emphasizing regulatory compliance, low fees, and user-friendly features. Tailored for beginners and active traders, the recommendations consider state availability and advanced tools like staking and derivatives. The analysis underscores transparency through audits and proof-of-reserves practices.
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 17:02Coinbase reports strong Q3 earnings as everything exchange advances
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 00:19Corporate crypto exposure becomes practical for public companies
October 29, 2025 18:19Germany debates bitcoin amid eu regulations concerns
October 29, 2025 12:17Mastercard in late-stage talks to acquire Zero Hash
October 29, 2025 02:09Experts advance joint fight against crypto-enabled crime
Prosecutors warn of crypto ATM scam in Washington
Chris Blake Image generated by AI
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.
Bitcoin falls below $108,000 after Fed's rate cut
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.
Bitwise analyst forecasts rapid $1 billion growth for XRP ETF
Matt Hougan, chief investment officer at Bitwise, predicts that an XRP exchange-traded fund will easily reach $1 billion in assets within its first few months. He attributes this to the passionate 'XRP Army' community, despite bearish views from crypto insiders. Currently, about 20 XRP ETF filings are pending with the US Securities and Exchange Commission.
Goldman Sachs and DBS complete first OTC interbank crypto options trade
DBS and Goldman Sachs have executed the first-ever over-the-counter cryptocurrency options trade between two banks. The transaction involved cash-settled Bitcoin and Ether options. This milestone highlights the growing integration of digital assets with traditional finance practices.
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.
Trump organization reports major crypto earnings in 2025
The Trump Organization earned $802 million from cryptocurrency ventures in the first half of 2025, surpassing income from traditional businesses. This figure, based on a Reuters estimate, marks a 17-fold increase from the same period in 2024. Key contributors include World Liberty Financial and the Trump meme coin.