Decentralized perpetual futures platforms recorded over $1.3 trillion in trading volume during October, the first time on-chain exchanges exceeded the trillion-dollar mark in a single month. The figure nearly doubled September's $738 billion, with open interest reaching approximately $17.9 billion, data show.

Coinbase stock (COIN) hit $350 on October 31 after posting strong third-quarter results and amid reports of acquisition negotiations. The exchange reported $1.9 billion in revenue and $432.6 million in net income for Q3 2025, up 55% year-over-year. Coinbase is in late-stage talks to acquire London-based stablecoin infrastructure provider BVNK for approximately $2 billion, according to Bloomberg.

Spot Solana exchange-traded funds from Bitwise and Grayscale attracted approximately $200 million in combined net inflows during their first week of trading, excluding seed capital. Bitwise's BSOL led with $197 million in cumulative inflows since launching Tuesday, while Grayscale's GSOL recorded $2.2 million. The two funds now collectively hold over $500 million in assets.

Coinbase is in advanced talks to acquire London-based fintech BVNK for approximately $2 billion, Bloomberg reports. The deal targets BVNK's stablecoin payment infrastructure serving institutional clients. Completion is expected between late 2025 and early 2026.

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.

The cryptocurrency market capitalization reached $3.71 trillion as of November 2025, up 0.58% over 24 hours despite a 1.01% weekly decline. Bitcoin trades at $110,163.62 with tightening technical patterns indicating potential volatility ahead. Ethereum sits at $3,878.86 showing conditions that often precede short-squeeze scenarios, while XRP hovers near $2.51 as traders monitor ETF filing progress and stablecoin developments.

The US Tenth Circuit Court of Appeals ruled on October 31, 2025 that the Federal Reserve holds discretionary authority to deny master account applications from crypto-focused financial institutions. The 2–1 decision rejected Custodia Bank's challenge to access Fed payment infrastructure. No crypto-oriented bank has secured a master account to date.

Seychelles-registered crypto platform MEXC experienced a surge in user withdrawals on Friday following social media allegations of financial instability. A trader known as "The White Whale" reported his account holding $3–5 million was suspended without bot usage, triggering community warnings. The exchange's Chief Strategy Officer issued a public apology and confirmed the funds were released, according to her social media statement.