Polymarket recorded 477,850 monthly active traders in October, marking an all-time high and a 93.7% increase from September's 246,610 users. The platform's monthly volume rebounded to $3.02 billion during the period. Regulated competitor Kalshi exceeded Polymarket with $4.4 billion in total volume for the same month.

Transaction volume for stablecoins on Ethereum reached $2.82 trillion in October, up 45% from September's $1.94 trillion. USDC accounted for $1.62 trillion in monthly volume, while USDT processed $895.5 billion, data show.

The cryptocurrency market posted widespread losses on November 3, 2025, with AI tokens declining 4.8% over 24 hours. Bitcoin traded near $108,000 while Ethereum fell below $3,800. Virtuals Protocol and ChainOpera AI each dropped more than 10%, though Dash surged 33% and ICP gained 20% against the broader downturn.

Trading volume on decentralized exchanges reached an all-time high of $613.3 billion in October, up from approximately $500 billion in September, data show. The surge coincided with heightened market volatility, including bitcoin's drop to around $104,600 on Oct. 17.

Digital asset treasury companies are adopting buyback strategies to address widening net asset value discounts. ETHZilla sold $40 million in Ethereum to fund share repurchases, prompting industry debate. Venture capital investors view the approach as rational when discounts deepen substantially, though they caution against widespread asset liquidation trends.

Changpeng Zhao, former CEO of Binance, pleaded guilty on November 21, 2023, to violating the U.S. Bank Secrecy Act, according to the Department of Justice. Binance agreed to pay $4.3 billion in penalties. The case marks the first criminal prosecution of a chief executive at a major cryptocurrency exchange.

The Federal Reserve deployed $50.35 billion through its Standing Repo Facility on Friday, a record high for the facility, to address month-end collateral requirements. The reverse repo facility simultaneously absorbed $51.8 billion. Analysts are raising questions about whether these operations indicate underlying liquidity stress, despite the Fed's characterization of them as routine market management.

The cryptocurrency market posted slight declines, with Bitcoin trading at $110,204 and total market capitalization at $3.7 trillion. Bitwise CIO Matt Hougan said Bitcoin could temporarily fall below $100,000 but expects a new all-time high before year-end, driven by institutional portfolio rebalancing.