Let’s explore what’s happening in the crypto market on Oct. 29. Stay tuned for our live updates!
21Shares has submitted a new S-1 registration statement to the US Securities and Exchange Commission for the 21Shares Hyperliquid ETF.
The proposed fund aims to track both the US dollar price performance and the staking yield of HYPE.
Want to learn more? Detailed informaation is available here.
On Oct. 28, seven Democratic senators sent an open letter to Attorney General Pam Bondi and Treasury Secretary Scott Bessent, questioning President Trump’s 23 pardon of Binance founder Changpeng Zhao.
The senators argued that the pardon undermines federal law enforcement and may have been influenced by financial connections between Binance and the Trump family’s crypto venture, World Liberty Financial (WLFI). They warned that the pardon “communicates to cryptocurrency executives and other white-collar corporate criminals that the law doesn’t matter.”
An Ethereum ICO whale has ended an 8-year dormancy, moving 1,500 ETH to Kraken. The wallet’s original 20,000 ETH, bought for just $6,200, is now worth over $80 million.
This massive 12,971x gain highlights Ethereum’s long-term growth. Analysts remain optimistic as ETH shows signs of a strong rebound, eyeing $4,250 as the next resistance level.
An #ethereum ICO participant just woke up after nearly 8 years of dormancy, depositing 1,500 $ETH($6M) to #kraken for the first time.
— Lookonchain (@lookonchain) October 29, 2025
This OG (0x3690) received 20,000 $ETH at genesis, with a purchase cost of $6.2K, now worth $80.42M — a 12,971x return.https://t.co/zf7x45sZN5… pic.twitter.com/tHm6iVxQd2
According to SoSoValue, Bitwise’s first Solana ETF made a strong market debut. It managed to approach $70 million in daily net inflows on its first day.
The surge in inflows has lifted the fund’s total net assets to $288.92 million. It represents roughly 0.01% of Solana’s market capitalization.
Other crypto ETFs that launched on Oct. 28 (the Canary Litecoin ETF and Canary HBAR ETF) didn’t experience significant inflows on their first trading day.
dYdX is launching a three-month token buyback from November 1, 2025, using protocol fees while keeping validator rewards intact.
The trial aims to test market efficiency and boost DYDX value, potentially strengthening the protocol’s token model.
A new proposal is live on the dYdX forum, suggesting the allocation of 100% of net protocol fees to $DYDX buybacks for a three-month experimental trial (Nov 1, 2025 – Jan 31, 2026).
— dYdX Foundation (@dydxfoundation) October 29, 2025
💬 Join the discussion on the forum: https://t.co/hVKMNVFGIc pic.twitter.com/Pr6T4shKR6