Over the past decade, the cryptocurrency market has grown from a pennies-worth ecosystem into a trillion-dollar industry. This is unsurprising as the market has won the hearts of retail investors, deep-pocketed individuals, institutional firms, wealth funds, and even governments. However, with many people making money from the industry, government authorities around the world have seen the need to impose taxes on crypto. Each country has its crypto tax guidelines that users must comply with. Most tax authorities mandate taxpayers to create and submit accurate tax reports showing their crypto transactions…
Day: October 27, 2025
Bitwise and Canary ETFs to launch as US exchange posts listings
Crypto markets may see another wave of exchange-traded fund debuts this week, with Solana, Litecoin and HBAR funds appearing in US exchange listings ahead of a potential launch on Tuesday. According to Bloomberg analyst Eric Balchunas, US exchange listing notices have appeared for Bitwise’s Solana (SOL) ETF and Canary’s Litecoin (LTC) and Hedera (HBAR) ETFs, with the funds slated to go live on Tuesday. In an X post on Monday, Balchunas said Grayscale’s Solana Trust is expected to convert to an ETF the following day. Source: Eric Balchunas A crypto…
Bitcoin Dominates Binance Futures With $543B Volume
Bitcoin futures hit $543 billion in October, amidst renewed traders’ appetite for leverage and institutional bets on the next bull run. Bitcoin continues to dominate Binance’s futures market, commanding 27.17% of the platform’s total $2.002 trillion futures trading volume in October. This represents a significant increase from September’s $1.95 trillion, amidst a resurgence of both institutional and speculative interest in the derivatives sector despite last week’s market pullback. Bitcoin Futures Heat Up Specifically, Bitcoin futures trading volume surged to $543.33 billion in October, which, according to CryptoQuant, is up…
dYdX proposes $462K trader compensation after Oct. 10 chain halt
Decentralized exchange dYdX released a post-mortem and community update detailing plans to compensate traders affected by a chain halt that paused operations for roughly eight hours during last month’s market crash. The exchange said on Monday that its governance community will vote on compensating affected traders with up to $462,000 from the protocol’s insurance fund. DYdX wrote that the Oct. 10 outage stemmed “from a misordered code process, and its duration was exacerbated by delays in validators restarting their oracle sidecar services.” According to the DEX, when the chain resumed,…
Republican Senator Says There’s a Small Time Frame for Passing Crypto Bill
North Carolina Senator Thom Tillis, a Republican member of the US Senate Banking Committee, reportedly warned that Congress has only a few months left to advance crypto legislation before election politics stall progress. According to a Monday Bloomberg report, Tillis said the 2026 midterm elections would likely hamper progress on any crypto bills currently moving through Congress, such as the market structure framework passed by the House of Representatives in July, which is currently under consideration in the Senate. Tillis said lawmakers should act “by the first part of January,…
Ethereum Sees $169M in Outflows, But Traders Aren’t Backing Down on Leverage Bets
Optimism over potential interest rate cuts fueled inflows of $921 million into digital asset investment products, Ethereum-based investment products recorded their first weekly outflows in five weeks, with $169 million, following steady withdrawals seen each day. Despite this, demand for 2x leveraged Ethereum ETPs stayed strong, which indicated continued trader interest in high-risk exposure. This comes as overall digital asset investment products attracted $921 million in inflows after several “choppy” weeks. The partial US government shutdown has clouded the macroeconomic outlook, limiting access to crucial policy data and creating…
Citi Partners with Coinbase to Test Stablecoin Payments
Citigroup could become one of Wall Street’s first major banks to offer stablecoin payment services, marking a potential milestone in the broader adoption of tokenized dollars following the passage of the GENIUS Act earlier this year. According to Bloomberg, Citi has partnered with crypto exchange Coinbase to expand its digital asset capabilities, initially focusing on making it easier for clients to move funds between fiat and crypto. Debopama Sen, Citi’s head of payments, said the bank’s clients are increasingly seeking programmability, conditional payments and greater speed and efficiency, alongside round-the-cock…
Ethereum Forms Bullish Pattern, Breakout Toward $5K Could Be Next
Ethereum nears $4,250 resistance with bullish signals from charts, whale activity, and shrinking exchange supply pointing to possible expansion. Ethereum (ETH) is showing early signs of entering a possible expansion phase as it nears a key technical level. With ETH recently testing the $4,250 resistance zone, analysts are monitoring market behavior for a breakout and confirmation above this price level. On-chain metrics, technical patterns, and investor behavior are aligning to suggest a potential continuation in Ethereum’s price trend. Power-of-3 Pattern Nearing Expansion Phase Ethereum is trading just below $4,200…
Indian Court Steps in over WazirX XRP Distribution Tied to 2024 Hack
An Indian high court issued a ruling that could impact how cryptocurrency exchanges handle claims filed by users following a hack or other incident potentially affecting their holdings. In a ruling delivered on Saturday, Justice N. Ananad Venkatesh of India’s High Court of Judicature at Madras ordered crypto exchange WazirX’s operator, Zanmai Lab, to furnish a bank guarantee for about $11,800 as part of arbitration proceedings brought by a user over 3,532 XRP (XRP) holdings. Zanmai has custody of the tokens, which were frozen after a 2024 cyberattack resulted in…
Crypto ETFs tied to Solana, Litecoin, and HBAR set to launch this week
Key Takeaways Bitwise’s Solana Staking ETF and Canary’s Litecoin and HBAR funds are expected to list this week. The launches mark an expansion of crypto ETFs beyond Bitcoin and Ethereum into altcoin markets. Share this article Crypto ETF momentum is accelerating as multiple altcoin-linked products prepare to launch this week. Bloomberg’s senior ETF analyst Eric Balchunas said listing notices confirm that Bitwise’s Solana Staking ETF, along with Canary Litecoin and Canary HBAR ETFs, are scheduled to begin trading tomorrow. Grayscale’s Solana fund is expected to convert the following day, assuming…