Category: Live Market Updates

Bitcoin Unmoved by New Fed Rate

Posted on by Timothy St. John

Bitcoin is stuck at $108,076 (BTC/USD) with a drop of 3% over the last 24 hours even with a new Fed rate cut announced, and that may leave investors wondering what would help it.

Bitcoin is moving downward right now and could fall further if investors do not rally around it.
Bitcoin is moving downward right now and could fall further if investors do not rally around it.

Bitcoin (BTC) is dipping after the most recent Federal Reserve interest rate cut announcement. The Fed approved a cut of 25 basis points, but that has not been enough to prompt investors to buy in on Bitcoin at this time.

[[BTC/USD]]

Because Bitcoin is still dropping and is now below the critical $110K level, some of the whales may start to get skittish. We could soon see a selloff similar to what happened earlier in the year when whales dropped much for their 2025 BTC purchases. However, because Bitcoin is a high profile digital currency, the lower price may be attractive for investors, and that could lead to a price spike for the coin instead.

Bitcoin’s Downturn

Bitcoin has been trending down all week long, and analysts paying attention to the coin’s movements this year are likely not surprised. The coin has jumped to record highs repeatedly throughout 2025, but after each new record high, the coin goes into a downturn. It has trouble holding onto its gains.

Since the coin is so popular and is traded so often, its price is always moving, sometimes in massive leaps and bounds. When it hits a new high, that becomes a signal to investors to sell off and make their profit. Those who have noticed that Bitcoin rarely stays near a new high for long will expect to see a price drop soon after the most recent record, so they force one to happen by selling off bitcoins and make their money back.

It is not surprising to see Bitcoin at $108K right now. Investors should not be alarmed that the coin ill suddenly bottom out. Instead, they should be buying the dip and anticipating the coin to climb back up to a new record high again in the near future. The next one could happen sometime in November.

It appears that Bitcoin is immune to many outside factors at this point, having been little influenced by announcement of new tariffs or the issuing of a new Fed rate cut. That is not entirely true, though, and Bitcoin does experience some underlying impact from those two factors, but it is more influenced by economic stability. With the stock market performing well and inflation now relatively calm, Biton has an opportunity to climb much higher very soon. We anticipate an upswing in November, and investors should prepare for that.

 

 

New Rate Cut Boosts Nasdaq 0.55% while Dow Jones Slips

Posted on by Timothy St. John

The Nasdaq Composite stock market index climbed 0.55% on Wednesday after the Federal Reserve announced a 25-basis-point rate cut while the Dow Jones dipped.

Tech stocks are looking at a very promising next few months thanks to a new Fed rate cut.
Fed Cut Should Spur Tech Stock Growth

The Dow was down 0.16% and the S&P 500 was flat as Wednesday trading closed off on news of a new 25-point rate cut. The Nasdaq was the only index to climb, with a 0.55% increase from the previous day, allowing the index to stay at a record high thanks to decent performances from several leading tech stocks.

It is the technology stocks that stand to benefit tremendously from the rate cut, since they have been performing well all year. Also getting a boost from the cut are small caps stocks, which are those stocks with a market capitalization between $250 million and $2 billion.

Stock Market Expected to Climb This Week

Usually, when there is a new Fed rate cut, the stock market will perform well, and we specifically tend to see growth from stocks with a strong potential for future earnings. This year, these are definitely the pharmaceutical stocks and AI-focused stocks like AMD, Nvidia, Microsoft, and Meta Platforms. The artificial intelligence niche has grown tremendously in 2025 and is expected to grow even further in 2026, so the stocks in this corner of the tech market expect incredible growth and will likely benefit the most from this week’s Fed cut.

Nvidia (NVDA) is the stock with the largest market capitalization right now and one for the top performers over the last few years. In premarket trading for Thursday, at the time of writing, the stock was down 1.69%, but that is expected to change rapidly. Nvidia remains around $203 per share, which is a record high spot for the stock. Even with the small dip this morning, the stock is performing extremely well and is expected to grow much further in the coming months.

Microsoft (MSFT) is one of several major tech companies to report its quarterly earnings this week. The company noted 39% growth for its Azure cloud service, and the stock is trading around $530. That is a stellar price for the company that has seen continuous growth this year and is expected to keep climbing as its cloud services continue to be used by a number of major tech companies.

There is no clear indication as to whether a new rate cut will be issued in December, which is when the next rate decision meeting for the Federal Reserve will take place. The Fed at this week’s meeting said that another rate cut before the end of the year is not a foregone conclusion and investors should not be counting on it.

 

 

Pi Coin Eyes $0.65 as ISO 20022 and AI Push Fuel Institutional Demand

Posted on by Maham Arslan

Pi Coin has regained bullish momentum after months of consolidation, with prices rebounding from the $0.19 demand zone and breaking through a key descending structure. The asset now targets $0.65, driven by a confluence of technical and institutional catalysts.

The recent breakout above the descending channel on October 27 reflects a decisive shift in market control. Buyers reclaimed dominance after sustained accumulation, signaling renewed investor confidence in Pi’s long-term trajectory.

  • Immediate resistance: $0.287 — where short-term sellers may test momentum.
  • Next major zone: $0.40 — historically a consolidation point before continuation.
  • Structural confirmation: A breakout above $0.50 could open the path to $0.65.

A bullish MACD crossover supports this momentum, reflecting strengthening sentiment and sustained buying pressure. Exchange outflow data indicates growing on-chain conviction, suggesting that traders expect continued upside as market structure realigns toward a full reversal.

ISO 20022 and AI Partnerships Strengthen Pi Network

Pi Network’s recent inclusion in the ISO 20022 financial messaging standard has significantly strengthened its institutional credibility. This move aligns Pi with global networks like XRP and Stellar, enabling compatibility with established banking and fintech systems.

Beyond compliance, Pi’s technological growth is accelerating. Its partnership with OpenMind showcased an AI proof-of-concept involving 350,000 active Pi Nodes executing decentralized image recognition models. This dual utility — blending blockchain infrastructure with artificial intelligence — is redefining how decentralized computation is monetized.

Additionally, the upcoming Protocol 23 upgrade (Q4 2025) aims to boost scalability and transaction efficiency. With over 3.36 million verified KYC users, Pi’s compliance and infrastructure readiness suggest a maturing ecosystem capable of real-world adoption.

Pi coin Price Chart - Source: Tradingview
Pi coin Price Chart – Source: Tradingview

Can Pi Coin Sustain Its Bullish Recovery?

After reclaiming its trend structure, Pi Coin appears positioned for a medium-term rally. The convergence of technical strength, AI-driven use cases, and institutional integration reinforces bullish sentiment across the community.

If market momentum persists above $0.50, Pi Coin could confidently advance toward the $0.65 target, completing its structural reversal. With rising institutional alignment and expanding on-chain participation, Pi’s current phase signals more than a rebound — it marks the beginning of a potential long-term transformation.

Fidelity’s Solana ETF Filing Sparks $117M Inflows as SOL Eyes $220

Posted on by Maham Arslan

Fidelity Investments has made a pivotal move in its pursuit of launching a Solana exchange-traded fund (ETF) by amending its S-1 filing with the U.S. Securities and Exchange Commission (SEC). The update, submitted on October 29, 2025, removes a key delaying provision—meaning the ETF could automatically take effect within 20 days, barring SEC intervention.

This amendment marks a significant procedural step that could expedite the ETF’s market entry. Fidelity’s Solana Fund (FSOL) joins a wave of institutional interest following the success of the Bitwise Solana ETF, which recorded $69 million in first-day inflows for its $BSOL product.

Other asset managers, including VanEck and Canary Funds, have also revised their Solana ETF filings and are targeting mid-November launches pending Form 8-A exchange approvals. The accelerating pace of these filings suggests that institutional exposure to Solana is gaining momentum faster than expected.

Key developments:

  • Fidelity removes the “delaying amendment” from its S-1.
  • Bitwise Solana ETF sets benchmark with $69M debut inflow.
  • VanEck and Canary target mid-November ETF launches.

Solana ETFs Attract Record Market Inflows

Data from SoSoValue shows that Solana-focused investment products witnessed a dramatic $47.94 million in daily net inflows on October 29, with cumulative inflows now exceeding $117.40 million. This signals growing investor confidence in Solana’s long-term potential as both a Layer-1 blockchain and an institutional-grade asset.

Total net assets across Solana ETFs climbed to $432.29 million, representing 0.40% of Solana’s total market capitalization, while daily trading volume reached $79.50 million, underscoring steady participation from institutional investors.

Analysts suggest that such consistent inflows could fortify Solana’s price stability, even amid broader crypto market volatility triggered by the Federal Reserve’s recent 25-basis-point rate cut and Chair Jerome Powell’s cautionary stance on inflation.

Solana Price Chart - Source: Tradingview
Solana Price Chart – Source: Tradingview

Is SOL Preparing for a Breakout?

Solana’s price continues to hold strong above $190, currently trading near $196, down 0.51% over the past 24 hours. Technical indicators show a mixed but stabilizing outlook: the Relative Strength Index (RSI) stands at 48, suggesting neutral momentum, while the MACD line hovers slightly below the signal line, reflecting a modest bearish bias.

If buyers manage to sustain support above $190, analysts project a potential rebound toward the $200–$220 resistance range. However, a dip below $190 could trigger a retracement to $180 before renewed accumulation begins.

Overall, Solana’s resilience amid ETF-driven inflows and institutional optimism indicates that the network could be positioning for another leg higher—potentially outpacing peers if broader risk appetite returns to crypto markets.

SpaceX Moves $450M in Bitcoin in 10 Days as Musk Stirs Market Buzz

Posted on by Arslan Butt

Elon Musk’s aerospace company SpaceX has done it again – the third major Bitcoin move in just 10 days, moving 281 BTC worth roughly $31.3 million according to blockchain analysis firm Arkham Intelligence.

The news confirmed on October 30 has reignited all sorts of rumors about how Musk feels about cryptocurrency, with Bitcoin’s price suddenly tanking below $110k following a few choice words from Federal Reserve Chair Jerome Powell – the man who can talk interest rates till the cows come home.

Blockchain sleuth Lookonchain observed that the latest transfer went to a new wallet address—not like the past few times SpaceX moved some coin, which has got some talking about possibly shifting how they handle custody & potentially even their asset portfolio.

Arkham’s data says:

  • A total of 1207 BTC vanished from one of SpaceX’s linked wallets.
  • 281 BTC, worth $31.3 million, remains unspent in the new wallet address ‘bc1qmg’.
  • Some 19.33 BTC made its way to Coinbase Prime, which might just mean they’re experimenting with web exchange activity.
  • Back to the starting point: 927 BTC have been returned to the main SpaceX wallet.

This comes after a couple of earlier transfers worth a combined $133.7 million and $268 million, and so now this month SpaceX has moved around $450 million in Bitcoin.

Bitcoin Worries for Musk – Again

The fact that all these transactions are happening is again raising many questions about what Elon has planned for his Bitcoin. His recent comments have gone from harsh to almost convinced that Bitcoin is the way forward—after all those years of grief over how much power it consumes.

In an October 14 post, Musk was basically saying Bitcoin is ‘money that’s backed by real energy’ – which has led plenty of analysts to think he’s had a real change of heart over digital assets.

Loads of crypto folk are thinking this latest flurry of activity might mean:

  • He’s feeling some pre-volatility jitters.
  • Looking to reorganize ahead of any changes in the economy.
  • Or maybe gearing up to accumulate more—if all this is part of his long-term crypto strategy.

Historically, we know SpaceX scaled back its Bitcoin exposure by nearly 70% back in 2022 after the whole Terra-Luna and FTX drama. But right now, on-chain activity suggests a renewed approach to managing its digital cash.

Price Dips, Traders Stay Focused

Bitcoin took a bit of a hit right after the SpaceX move, dropping by nearly 2% to $108k in an hour or so—and is still down a bit (4%) over the last 24 hours, trading at $108k-$113k or so. Volume is still pretty flat.

The way market analysts see it, the timing of SpaceX’s Bitcoin moves & Powell’s ‘hawkish’ comments has just added a bit more uncertainty to traders right now. On the other hand, some people think a renewed spot of attention from Elon on Bitcoin is ultimately a long-term positive for the market – especially if SpaceX keeps accumulating amid all the other big institutions getting more and more interested.

Binance Under Fire Over USD1, WLFI Listings After CZ’s Trump Pardon

Posted on by Arslan Butt

Binance has been forced to respond to a growing storm of criticism following accusations that the exchange had given a helping hand to some very Trump-associated crypto ventures just after the President had granted a pardon to its boss, Changpeng Zhao (CZ).

US lawmakers are saying that Binance has been giving preferential treatment to family projects linked to Trump, like a thing called World Liberty Financial (WLFI) and their dollar stablecoin, which has raised all sorts of questions over whether this was just good old business practice or if Binance was trying to curry favor with the Trump camp.

The firestorm erupted just days after Trump granted Zhao a pardon, and Binance suddenly allowed people to put money into a new stablecoin called USD1. This move really didn’t fly with one of the US senators, Chris Murphy, who accused Binance of getting right in bed with the types of financial initiatives backed by the Trumps.

Binance has responded, saying that any decisions to list a new coin are carefully reviewed and fully in line with the law. They also pointed out that USD1 and WLFI are already available on over 20 exchanges, including Coinbase, Robinhood, and Kraken.

  • Senators’ main concern: That the listings look all too cozy with Trump
  • Binance’s side of the story: These were just sound business decisions checked and cleared by all the right authorities.
  • And what has Mr Zhao been up to? – Well, he’s gone ahead and sued Senator Elizabeth Warren for (among other things) accusing him of being a bit dodgy

Binance has said it is getting really worried about how all the normal business stuff is getting mixed up with politics and has said that decisions like this are made because of what people are asking for, not because of politics.

US Lawmakers Question Links To Binance and Trump

According to a new report from the Wall Street Journal, before the last election, Zhao’s team was in talks with some of Trump’s people to sort out some of the ongoing problems that Binance was having in the US. Apparently, these talks were about possible collaboration with the Trump family’s own blockchain projects.

It’s not clear whether any of this turned into a proper deal, but what is known is that after Trump won the election, Binance formed a special team to explore a partnership with World Liberty Financial. This appears to have been an attempt to boost Binance’s standing in Washington amid the regulatory problems it was facing.

Zhao has since said he has no plans to return to Binance and that the idea he received a pardon in exchange for Binance’s support of Trump’s projects is complete nonsense.

Binance Reasserts Neutral Market Position

Binance is keen to say that its decisions are driven by market conditions and what people want, not by a project’s origin. Executives have stressed that they want to be at the forefront of blockchain innovation, meaning supporting projects regardless of their origin.

As the US and the crypto world grow increasingly locked in a standoff, Binance’s case highlights just how much the regulatory and political worlds influence how the market sees things. With USD1 and WLFI becoming more popular across exchanges, Binance is now facing the twin challenges of staying compliant and maintaining its reputation amid an increasingly charged climate.

Thai Police Arrest Chinese Man in $14M FINTOCH Crypto Ponzi Crackdown

Posted on by Arslan Butt

Thai authorities have arrested Chinese national Liang Ai-Bing, accused of orchestrating a $14 million crypto Ponzi scheme connected to the defunct platform FINTOCH. The arrest took place during a raid on a luxury three-story residence in Bangkok’s Wang Thonglang district, where officers also seized an illegal firearm.

According to Thailand’s Crime Suppression Division, Liang was part of a five-member team that developed and promoted FINTOCH, a fraudulent decentralized finance (DeFi) platform that lured investors with promises of 1% daily returns. The platform falsely claimed backing from Morgan Stanley, which the investment bank later publicly denied.

Liang had reportedly rented the property for about $4,645 per month while evading Chinese authorities. His arrest followed joint intelligence cooperation between Thai and Chinese police, leading to a Criminal Court-issued search warrant.

Key details from the investigation:

  • Arrested: Liang Ai-Bing, Chinese national
  • Charges: Illegal firearm possession, unlawful entry, crypto fraud
  • Scam size: Approximately $14 million stolen
  • Victims: Nearly 100 investors in China

FINTOCH: A Fake CEO, False Promises, and Exit Scam

FINTOCH, marketed as “Morgan DF Fintoch,” gained notoriety in 2023 after its founders disappeared with investors’ funds. The platform used fabricated executive profiles, including a supposed CEO “Bob Lambert,” who was later identified as actor Mike Provenzano, known for small film appearances.

The scam’s unraveling was first traced by on-chain analyst ZachXBT, who reported in May 2023 that 31.6 million USDT had been bridged from Binance Smart Chain to Tron and Ethereum, rendering users unable to withdraw. ZachXBT described it as “2023’s largest DeFi exit scam.”

The Monetary Authority of Singapore had warned users about FINTOCH weeks before its collapse, but the founders still managed to drain investor funds. Chinese police identified additional suspects—Al Qing-Hua, Wu Jiang-Yan, Tang Zhen-Que, and Zuo Lai-Jun—with one, Zuo, later arrested and released on bail.

Global Impact of Rising Crypto Fraud

According to Immunefi, the FINTOCH rug pull was among two major incidents that caused a 63% year-over-year increase in crypto-related thefts in Q2 2023. The scam highlights the growing complexity of cross-border digital asset fraud and the challenges law enforcement faces in tracking decentralized financial crimes.

Liang now faces extradition to China to stand trial for financial fraud and firearm possession, marking a major international effort against crypto-related crime.

Earlier this month, U.S. prosecutors announced the forfeiture of 127,271 BTC (worth $14.2 billion) linked to another massive Southeast Asian crypto scam involving human trafficking and coerced “pig-butchering” operations—underscoring how crypto fraud continues to evolve into a global security concern.

Why $71 Billion Bitcoin Giant Strategy Still Bets on BTC Reaching $150,000 in 2025

Posted on by Arslan Butt

The Michael Saylor Executive Chairman and co-founder of Strategy, is optimistic that the leading cryptocurrency in the world will keep rising in spite a minor decline from its October all-time high above $126,000. The CNBC at the Money 20/20 fintech conference in Las Vegas that he believes BTC would reach about $150,000 by the end of 2025 despite recent market declines as said by Saylor.

Saylor clarified that as the market develops and becomes more organized, Bitcoin’s volatility is declining. Investors may now better manage risks thanks to the increased availability of derivatives and hedging tools, which will eventually increase Bitcoin’s stability. Saylor stated, “I think Bitcoin will continue to grind up.”

As the industry grows more organized with more derivatives and ways to hedge it volatility is decreasing. We currently expect that it will reach roughly $150,000 by the end of the year.

Bitcoin has increased by around 54% in the last year, stabilizing above $100,000 and trading at about $111,000 as of Wednesday. Saylor is even more positive about Bitcoin’s future chances and thinks this rising pattern will last for years. He remarked “I’m not sure why it won’t grind up to a million dollars per coin over the next four to eight years.” His prediction gets even more audacious as he looks to the future, estimating that Bitcoin may increase by roughly 30% annually for the next 20 years eventually reaching an astounding $20 million per coin.

Saylor well-known major improvements in the acceptability of digital assets worldwide calling the last year the best in the history of cryptocurrency. He cited the U.S. Treasury’s acceptance of stablecoins the SEC’s openness to tokenized stocks and the White House’s promotion of Bitcoin as digital gold as indications of expanding institutional backing. He thinks that these changes show the industry’s progress toward widespread awareness.

The largest publicly traded corporate Bitcoin holder in the world Strategy is situated in Tysons Corner, Virginia and presently has over $71 billion in Bitcoin. The business set an example for other businesses by being the first to use Bitcoin as a treasury reserve asset.

Saylor stated that his organization intends to “buy the top forever” and will continue to accumulate Bitcoin regardless of the price.

Shares of Strategy (MSTR) dropped 3.26% on Wednesday to $275.36 despite the company’s strong Bitcoin position; nevertheless, they are still up roughly 11% over the previous year, a lower gain than Bitcoin’s 54% increase.

Saylor is unconcerned by the Federal Reserve’s remarks and short-term market turmoil. As a safeguard against inflation and currency risk, he thinks progressive businesses would progressively include digital assets on their balance sheets.

He believes that as Bitcoin gets increasingly interwoven into international finance, its long-term growth is unavoidable. Whether it is $111,000 now or $150,000 by the end of the year Saylor is adamant that Bitcoin will be the cornerstone of financial freedom in the future, not just a transaction.

Forex Signals Oct 30: The BoJ and ECB Steady, Trump Meets Xi; Apple, Amazon, Eli Lilly Q3

Posted on by Skerdian Meta

Along with the ECB, BOJ, and Trump-Xi summits, today’s earnings are dominated by major market players Apple, Amazon, and Eli Lilly.
Continue reading “Forex Signals Oct 30: The BoJ and ECB Steady, Trump Meets Xi; Apple, Amazon, Eli Lilly Q3” →

MetaMask Parent Company Consensys Prepares for IPO with Wall Street Giants

Posted on by Arslan Butt

Axios revealed on Wednesday that Consensys, the Ethereum software company responsible for the MetaMask wallet, has enlisted JPMorgan and Goldman Sachs to provide advice for its IPO. With the move, the company joins an increasing number of cryptocurrency businesses getting ready to list amid a resurgence of interest from investors in digital assets.

Consensys will, like other crypto firms like Circle and Bullish, which went public this year, look to take advantage of favorable market conditions. Circle, the issuer of the USDC stablecoin, staged a particularly successful IPO.

In February, the Securities and Exchange Commission notified Consensys that it will move to withdraw its complaint over MetaMask’s staking functionality, removing a critical regulatory hurdle ahead of any potential listing.

The indictment argued that the firm behaved as an unregistered broker, but the agency’s reversal reflected a general relaxation in US crypto enforcement under the Trump administration.

Consensys stated that it is continually looking for ways to increase its influence.

A spokeswoman stated that while we are constantly evaluating strategic development opportunities, there is nothing to announce at this time.

MetaMask and Ecosystem Growth

MetaMask, one of the most prominent cryptocurrency wallet providers, has recently made headlines. Last month, Joseph Lubin, co-founder of Ethereum and CEO of Consensys, announced that MetaMask will soon launch its much awaited MASK native token.
Then, this month, MetaMask announced the start of perpetual futures trading and a new incentive structure. Furthermore, the wallet provider hinted at an impending prediction markets connection with Polymarket.

These releases follow MetaMask’s recent confirmation that it will issue a token, which has long been expected by the community and is now officially in action, as part of its larger aim to provide new avenues for users to engage, MetaMask stated at the time.

Consensys’s Expanding Ecosystem

Consensys, founded by Ethereum co-founder Joseph Lubin, creates tools that users and developers can use to engage with Ethereum applications. Its best-known product, MetaMask, is a digital wallet that millions of people use to store cryptocurrency, administer tokens, and connect to decentralized applications straight from their browsers.

Aside from MetaMask, Consensys has also contributed significantly to the setting up of the node infrastructure service Infura as well as the Layer 2 network Linea. Consensys also backs SharpLink, an Ethereum treasury management startup that on Tuesday revealed plans to invest $200 million in onchain yield techniques. The funding will be distributed to Linea, a Consensys-*incubated Layer 2 network aimed at making Ethereum transactions faster and more affordable.