News & Research

Bitcoin may face downside pressure after the Federal Open Market Committee meeting, crypto analyst Ali Martinez said. Martinez said BTC whales recently took about $156 million in profits, while holdings fell by about 8,162 BTC, worth $664 million, over the past 24 hours. Martinez added the Coinbase Premium Index, which reflects relative buying demand from U.S. investors, had dropped to -0.17, close to its lowest level since September. Martinez said the more important signal would be the price direction formed in the 24 hours after the FOMC announcement rather than the immediate reaction.

Strategy founder Michael Saylor said on X that arguing there is no reason to hold Bitcoin because AI could hack crypto apps is like saying there is no reason to speak English because AI could hack messaging apps.

Hackers that attacked Japan’s GMO Internet Group demanded a $50 million ransom in Bitcoin and Ethereum, local media outlet Nada News reported. The attackers initially demanded payment by Oct. 21, then were said to have lowered the demand to $1 million and extended the deadline to Oct. 27. The target was GMO Internet’s cloud service "Onamae.com Desktop Cloud," and around 26,739 servers may have been affected. GMO said it did not pay the ransom.

The Depository Trust & Clearing Corporation launched a tokenization service on Oct. 28, initially supporting 34 stocks. The stock tokens are backed one-to-one by securities held at the Depository Trust Company, and holders have the same legal and economic rights as they do with the underlying securities. The service also offers near-real-time ownership tracking. At launch, the tokenization service supports Besu and Canton Network (CC). Nine companies, including BitGo, Blockdaemon and Fireblocks, joined as initial partners.

Seven listed companies, including JPMorgan, AMD, Coca-Cola, Applied Materials, Adobe, Dell and SanDisk, have formally exercised their right to refuse stock tokenization listings through OKXICE, a joint platform between OKX and Intercontinental Exchange, the parent of the New York Stock Exchange. That brings the number of companies opposing stock tokenization listings on the OKXICE platform to 33. As a result, more than half of the 62 companies initially mentioned by OKXICE for tokenization have now expressed opposition.

Bitcoin has risen an average of 53.7% in the year following U.S. midterm elections, CoinDesk reported, based on an analysis of the three most recent midterm cycles excluding 2010. Over the same period, the S&P 500 has gained an average of 15.17% in the year after midterm elections since 1950, above the 7.30% average rise in other years. CoinDesk analyzed Bitcoin’s post-midterm gains as possibly being tied more to its four-year halving cycle than to political factors. This year’s U.S. midterm elections will be held on Nov. 3.

Japan Bitcoin Industry is conducting a capital increase worth 800.04 million yen ($5.33 million), with the full amount to be paid in spot BTC, CoinPost reported. The scheduled payment date is Nov. 2. The allotment will go to two entities, including Fulgur GK and ANAP Lightning Capital. Japan Bitcoin Industry said it plans to use the proceeds for development of its Aurora payment infrastructure, hiring and research and development.

Securitize, a real-world asset tokenization platform, now supports the Stellar (XLM) network, CoinDesk reported. The addition allows Securitize to offer tokenized asset issuance and management services on Stellar alongside Ethereum (ETH), Solana (SOL) and Avalanche (AVAX). The two companies announced the partnership at Meridian 2026, the Stellar Development Foundation’s annual event in Lisbon, Portugal.

If BTC rises above $83,027, about $650 million in short positions on major centralized exchanges could be liquidated, according to CoinGlass data. If BTC falls below $80,035, about $430 million in long positions could face liquidation.

Some investors still have unrealistic expectations for stablecoin returns, according to Cointelegraph, citing Bitwise’s Yann Liberman. Liberman said some asset allocators still want to earn 20% annually from stablecoins while taking no risk and retaining the ability to withdraw funds at any time.