Bitcoin dropped below its 365-day moving average of approximately $102,000 this week, a technical threshold last broken in early 2022. CryptoQuant's Bull Score Index fell to zero for the first time since June 2022, indicating extremely bearish sentiment. Analysts caution that sustained trading below this level could drive prices toward $72,000 support.

Ripple has launched digital asset spot prime brokerage services in the United States through its rebranded platform Ripple Prime, following the October 2025 acquisition of Hidden Road. The platform enables U.S. institutions to execute OTC spot transactions across major cryptocurrencies including XRP and RLUSD. Clients can cross-margin positions across spot, swaps, and CME futures within a single account structure.

FTSE Russell has partnered with Chainlink to publish its global index benchmarks on blockchain networks for the first time through DataLink, Chainlink's institutional-grade data service. The collaboration makes indices including the Russell 1000, Russell 2000, Russell 3000, FTSE 100, WMR FX benchmarks, and FTSE Digital Asset Indices accessible across more than 50 blockchains to over 2,000 ecosystem applications. FTSE Russell's indices serve as benchmarks for more than $18 trillion in assets under management.

Strategy purchased 397 BTC between October 27 and November 2 for $45.6 million at an average price of $114,771 per coin, according to a company filing dated November 3. The acquisition brings the software-intelligence firm's total Bitcoin holdings to 641,205 BTC, representing a combined investment of $47.49 billion at an average cost of $74,057 per BTC. The company, chaired by Michael Saylor, financed the purchase through proceeds from at-the-market equity programs, raising approximately $69.5 million during the period.

The Hong Kong Monetary Authority has released its e-HKD Pilot Programme Phase 2 Report, developed with analytical input from Deloitte. The report examines how central bank digital currencies and digital money forms could transform Hong Kong's financial infrastructure. It covers settlement efficiency, programmable payments, and offline functionality across 11 industry partnerships in banking, payments, and technology sectors.

Circle Internet Group (NYSE: CRCL) launched the public testnet for Arc, a Layer-1 blockchain designed to integrate programmable money with real-world economic activity, on October 28, 2025. The testnet has attracted participation from over 100 institutions across global finance and technology sectors, including BlackRock, Visa, and Amazon Web Services. The network offers predictable dollar-based fees, sub-second transaction finality, and direct integration with Circle's platform.

Strategy purchased 390 BTC between October 20 and October 26 for $43.4 million at an average price of $111,117 per Bitcoin, according to a filing released October 27. The acquisition brings the business intelligence firm's total holdings to 640,808 BTC, purchased for $47.44 billion at an average cost of $74,032 per coin. The purchase was funded through proceeds from the company's At-The-Market equity programs, which raised $43.4 million during the same period.