Let’s examine the key trends and events shaping the crypto market on Oct. 24.
Humanity Protocol’s native token H surged 70% to a record high above $0.24 on October 24, propelled by a strategic partnership with SUI Network’s WalrusProtocol for decentralized Human ID creation and a Delphi Digital technical report validating the platform’s defense against synthetic identity fraud.
Humanity Protocol (H) price action, October 24, 2025 | Source: Coinmarketcap
The rally reflects growing demand for sustainable blockchain applications in digital identity verification and universal basic income programs, positioning Humanity Protocol as a decentralized alternative to biometric-storage models that have faced regulatory scrutiny.
Read more details here.
Tether anticipates nearly $15 billion in net profits for 2025, driven by its Treasury-backed reserve model benefiting from elevated interest rates and the stablecoin market’s expansion to $316 billion.
The company, which dominates the sector with USDT and maintains 500 million verified users, is exploring a $20 billion funding round that would value the firm at approximately $500 billion.
Read more details here.
Crypto.com submitted a National Trust Bank Charter application to the US Treasury’s Office of the Comptroller of the Currency on October 24, seeking federal oversight to streamline its regulated banking operations.
If approved within the expected 12-18 month timeframe, the Singapore-based platform would join competitors like Coinbase, BitGo, and Ripple in obtaining US banking licenses amid the industry’s regulatory expansion.
Read more details here.
Bitcoin reached $111,500 after US CPI data came in lower than expected, raising the likelihood of a Fed rate cut to 99%.
Altcoins like Ethereum, XRP, and Binance Coin gained 3-5%, though analysts warn that failing to pass key resistance could lead to a correction.
Polymarket is preparing to launch its native token, POLY, with an upcoming airdrop confirmed by the company’s CMO. The team aims to create a token with long-term value and true utility.
With growing investor interest and plans for a U.S. app launch, excitement around the airdrop continues to build.
. $POLY token confirmed
— Yoshi (@tradefoxintern) October 24, 2025
Will be based on volume
Hope you’re using @tradefoxai to farm the biggest airdrop in crypto history