--- canonical: "https://whycoinmoves.com/en/" language: en --- # Crypto news today: why the crypto market is up or down Source coverage is not truth probability. Observed returns do not establish causation. Last collection: 23/10/2026, 12:02 UTC. Events: 176. ## Market snapshots - [BTC](): $81,651.60; 24h -0.14%; Gate · USDT; 23/10/2026, 12:02 UTC. - [ZEC](): $1,224.58; 24h -2.31%; Gate · USDT; 23/10/2026, 12:02 UTC. - [HYPE](): $77.95; 24h -0.23%; Gate · USDT; 23/10/2026, 12:02 UTC. - [ADA](): $0.21677; 24h +0.00%; Gate · USDT; 23/10/2026, 12:02 UTC. - [BNB](): $747.00; 24h +1.84%; Gate · USDT; 23/10/2026, 12:02 UTC. - [DOGE](): $0.08018; 24h +1.04%; Gate · USDT; 23/10/2026, 12:02 UTC. - [ETH](): $2,399.73; 24h -0.16%; Gate · USDT; 23/10/2026, 12:02 UTC. - [HBAR](): $0.07941; 24h -1.65%; Gate · USDT; 23/10/2026, 12:02 UTC. - [LINK](): $12.08; 24h +0.15%; Gate · USDT; 23/10/2026, 12:02 UTC. - [LTC](): $58.94; 24h -0.85%; Gate · USDT; 23/10/2026, 12:02 UTC. - [SHIB](): $0.000005; 24h +1.59%; Gate · USDT; 23/10/2026, 12:02 UTC. - [SOL](): $104.40; 24h -0.12%; Gate · USDT; 23/10/2026, 12:02 UTC. - [SUI](): $0.9931; 24h +0.54%; Gate · USDT; 23/10/2026, 12:02 UTC. - [TRX](): $0.3304; 24h -0.06%; Gate · USDT; 23/10/2026, 12:02 UTC. - [XLM](): $0.17657; 24h -0.98%; Gate · USDT; 23/10/2026, 12:02 UTC. - [XRP](): $1.32; 24h -0.58%; Gate · USDT; 23/10/2026, 12:02 UTC. - [DACITY](): $0.018934; 24h +161.91%; CoinGecko · USD; 23/10/2026, 11:46 UTC. - [PEARL](): $0.855; 24h +0.00%; Gate · USDT; 23/10/2026, 12:02 UTC. - [AXIS](): $0.278368; 24h -3.66%; CoinGecko · USD; 23/10/2026, 11:46 UTC. - [PONS](): $0.2576; 24h -0.65%; Gate · USDT; 23/10/2026, 12:02 UTC. - [PUMP](): $0.004626; 24h -3.69%; Gate · USDT; 23/10/2026, 12:02 UTC. - [OA](): $0.000003; 24h -99.98%; CoinGecko · USD; 23/10/2026, 11:46 UTC. ## Latest events ### [Bittensor subtensor: v482 released]() An official statement is available. Evidence levels describe source coverage, not the probability that a claim is true. ### [Cardano Foundation asks EU not to extend MiCA rules to DeFi and staking]() The Cardano Foundation urged European Union policymakers not to broaden MiCA rules to cover DeFi and staking, according to Cointelegraph. The foundation argued regulation should target financial risks rather than technology, warning that overlapping rules could create uncertainty for crypto businesses across the EU. ### [Bitcoin Hits Weekly High as Crypto Market Rebounds]() Decrypt: “Bitcoin is back near $84,500 as XRP and Zcash lead a broad crypto rebound from October's slide, putting "Uptober" back on the table.” Observed BTC -3.87% over 24 hours after site detection. Observations do not establish causation. ### [Standard Chartered signs agreement to acquire Zodia Custody]() Standard Chartered has signed an agreement to buy digital asset custodian Zodia Custody and integrate its services into the bank's existing digital asset custody business, according to a statement from Zodia Custody reported by Bitcoin Magazine. Zodia said shareholders approved Standard Chartered's offer in May. The bank already offers crypto custody in the UAE, Luxembourg and Hong Kong and plans to offer it in Singapore. ### [SALT Lending promotes bitcoin-backed loans for property and business funding]() Bitcoin Magazine published a sponsored-style post describing a SALT Lending video on X that promotes bitcoin-backed loans as a way to access liquidity for real estate, business expansion, diversification and tax planning without selling holdings. The article notes that price declines can raise loan-to-value ratios and potentially trigger collateral calls or liquidation. ### [Kalshi adds bitcoin-backed margin loans for perpetual futures clients]() Kalshi Prime clients will be able to borrow against bitcoin, ethereum and GENIUS Act-compliant stablecoins held at BitGo and use the proceeds to margin perpetual futures on Kalshi's exchange, Bitcoin Magazine reported, citing Bloomberg's earlier report. Loans are issued by Kalshi Katalyst under a tri-party structure; Prime CEO Jeff Bandman said the product targets crypto-native traders. It follows Webull's plan to offer Kalshi-cleared perpetuals to eligible U.S. customers from November. ### [Blockchain groups urge SEC to treat digital commodities as non-securities]() Six major blockchain organizations, including groups associated with Chainlink and Cardano, asked the SEC to formally recognize digital commodities as non-securities within its proposed regulatory framework, Cointelegraph reported. The request targets the agency's rulemaking rather than a specific enforcement case. ### [DATA shuts its own blockchain and moves to Sui with $30 million foundation investment]() DATA, the a16z crypto-backed startup formerly known as Story Protocol, is shutting down its own blockchain and moving to Sui after securing a $30 million investment from the network's foundation, CoinDesk reported. The company had raised $140 million and built its own chain before narrowing its focus to Trace, a registry for AI training data. CEO Andrea Muttoni told CoinDesk the team had been "spreading ourselves way too thin" across intellectual property types. ### [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() Bitcoin traded above $84,500 and approached $85,000 as technology stocks rallied on SpaceX's third-quarter results, Bitcoin Magazine reported. The article said SpaceX posted revenue of $14.6 billion, up 161% from a year earlier, and that spot bitcoin ETFs took in over $549 million on Monday and Tuesday, citing Coinglass. Cointelegraph also reported bitcoin tagging $84,600 as US stocks headed higher. ### [Trump to spotlight overseas crypto scam crackdown at White House cybercrime event]() President Donald Trump will use a White House cybercrime event to highlight the administration's crackdown on foreign crypto scams, a White House official told Reuters, per Bitcoin Magazine. The administration says agencies halted about $833 million in crypto tied to overseas scams and seized 503 fraudulent crypto websites; the FBI logged $11.366 billion in crypto fraud losses and 181,565 crypto-related complaints in 2025, CoinDesk and Bitcoin Magazine reported. ### [Solana activates Alpenglow consensus upgrade, cutting finality to 150 milliseconds]() Solana activated its Alpenglow consensus upgrade, replacing TowerBFT and reducing transaction finality from 12.8 seconds to about 150 milliseconds, The Block reported. The outlet described it as a network overhaul. ### [Solana activates Alpenglow consensus upgrade on mainnet]() Solana validators retired TowerBFT and switched the live network to the Alpenglow consensus protocol, cutting transaction finality from about 12.8 seconds to roughly 150 milliseconds, core engineering team Anza said, as reported by Decrypt. Anza CEO Brennan Watt called it the largest blockchain upgrade since Ethereum's Merge. ### [Bitcoin Magazine outlines accretion mechanics of Strive's SATS preferred stock]() Bitcoin Magazine published an analysis of how Strive's newly issued SATS perpetual preferred stock could increase net Bitcoin per share if shares trade above their $100 stated amount. The article says SATS pays a fixed cumulative annual dividend of $15 per share, a 15% rate on the $100 stated amount, and gives a hypothetical of a $115 market price leading to $115 million in gross proceeds from a one-million-share offering against $100 million in preferred claims. ### [Samson Mow says bitcoin treasury firms like Strategy are undervalued]() In a Bitcoin Magazine video, JAN3 CEO Samson Mow argued that many bitcoin treasury companies, especially Strategy (MSTR), are "massively undervalued" and act as bitcoin's buyer of last resort, which he said creates a self-reinforcing cycle that should push the price higher over time. He also said the best time to launch a treasury company or bitcoin bond is when the price is low, according to the publisher's write-up. ### [Strive executive says $700 million SATS preferred offering signals Bitcoin capital growth]() Bitcoin Magazine published an interview with Jeff Walton, chief risk officer at Strive, in which he said Strive raised $700 million for Bitcoin through its SATS preferred stock offering. According to the publisher, Walton described the raise as a signal for Bitcoin-backed preferred equity and rated capital, and addressed Strategy's daily dividend vote and MSCI's Bitcoin treasury exclusion. ### [OCC finalizes GENIUS Act stablecoin rules, effective January 2027]() The Office of the Comptroller of the Currency finalized its rules implementing the GENIUS Act, Bitcoin Magazine reported, becoming the first federal regulator to complete the stablecoin framework Congress passed in July 2025. The rule takes effect January 18, 2027. Comptroller Jonathan Gould said it provides a clear framework for reserve backing, redemption and risk management. The final rule dropped a February proposal's presumption that certain issuer-third-party reward arrangements violate the yield ban, opting for case-by-case review. ### [Cointelegraph publishes comparison of five Bitcoin custody alternatives to Ledger]() Cointelegraph published a piece outlining five alternatives to hardware wallet maker Ledger for storing Bitcoin, including ETFs, passkeys and multisig accounts. The article says hardware wallets are not the only way to protect crypto, and that each alternative carries its own risks and trade-offs. ### [Bybit and KuCoin announce AXISUSDT perpetual contracts with up to 20x leverage]() Bybit said it will list an AXISUSDT perpetual contract in its Innovation Zone with up to 20x leverage, according to its announcement feed, and KuCoin's announcement feed said KuCoin Futures would also list an AXISUSDT perpetual contract with up to 20x leverage. Neither venue disclosed additional contract terms in the available announcements. - [Security]() - [Regulation]() - [Exchanges]() - [Project updates]() - [Market watch]() - [General news]() [Full reading list]()