21Shares submitted Amendment No. 3 to its Spot XRP ETF application under Section 8(a) of the Securities Act of 1933, triggering an automatic 20-day approval window. The SEC must respond within 20 days or approval proceeds automatically. XRP rose over 6% to $2.32 following the filing, according to Bloomberg ETF analyst Eric Balchunas.

ARK Invest has reduced its bullish Bitcoin price target for 2030 from $1.5 million to $1.2 million per coin. CEO Cathie Wood attributed the $300,000 downward revision to faster-than-expected stablecoin adoption in emerging markets, where digital dollar equivalents are increasingly used for transactions and savings. Wood maintains that Bitcoin retains its role as digital gold and the crypto ecosystem's reserve currency, with stablecoins serving complementary functions in everyday commerce.

Tokyo-listed Metaplanet executed a $100 million Bitcoin-backed borrowing on October 31st, utilizing part of a $500 million credit facility. The company holds 30,823 BTC valued at approximately $3.33 billion, ranking seventh among corporate Bitcoin holders globally. Proceeds will fund additional Bitcoin acquisitions, income-generating operations, and potential share buybacks.

Coinbase is in advanced talks to acquire London-based stablecoin infrastructure provider BVNK for $1.5 billion to $2.5 billion, according to Bloomberg sources. The deal, currently under due diligence, could close in late 2025 or early 2026. Terms remain subject to change and completion is not guaranteed.

Singapore authorities froze more than $150 million in assets tied to Chen Zhi, chairman of Cambodia's Prince Holding Group, on October 30. U.S. prosecutors allege his network operated large-scale cryptocurrency fraud schemes, laundering proceeds through shell companies and converting funds to Bitcoin. Approximately $14.4 billion in BTC is now subject to seizure efforts.

Coinbase stock rose 9.82% to $354.46 following a rating upgrade from JPMorgan Chase. The upgrade cites revenue potential from the Base layer-2 blockchain and proposed changes to USDC interest distribution that could add $374 million in annual earnings, according to JPMorgan.

China accounts for 14.05% of Bitcoin's global hashrate as of Q4 2025, ranking third behind the United States and Russia. The figure represents approximately 145 exahashes per second, according to Luxor's Q4 2025 Global Hashrate Map. The activity persists despite a comprehensive 2021 ban on cryptocurrency mining and transactions, which authorities implemented citing financial crime risks and systemic stability concerns.

T. Rowe Price submitted an S-1 filing with the SEC on October 22 for an actively managed crypto ETF. The fund will hold 5-15 digital assets including BTC, ETH, SOL, XRP, and others. The product targets outperformance of the FTSE Crypto U.S. Listed Index through fundamental and momentum-based selection strategies.