Let’s explore what’s happening in the crypto market on Oct. 29. Stay tuned for our live updates!
The Federal Reserve cut interest rates by 25 basis points to 3.75%-4.00% and announced it will end quantitative tightening on December 1st, triggering immediate crypto market turbulence with Bitcoin dropping 2.55% to $110,764.
The policy shift caused $795 million in leveraged position liquidations across exchanges within 24 hours, though analysts view the dovish move as long-term positive for digital assets despite short-term volatility.
Crypto market liquidations | Source: Coinglass
Read more details here.
DBS Bank and Goldman Sachs completed the first interbank OTC cryptocurrency options trade involving cash-settled Bitcoin and Ether contracts, establishing a framework for institutional crypto derivatives markets.
DBS reported over $1 billion in client crypto options trades during H1 2025 with 60% quarterly volume growth, while Goldman Sachs expects continued expansion as institutions seek compliant digital asset exposure amid supportive US regulatory signals.
Read more details here.
Binance Wallet has integrated Bubblemaps technology to help users detect insider trading and suspicious token clustering patterns in real time across Binance Alpha, Meme Rush, and its web3 wallet services.
BREAKING: BINANCE INTEGRATES BUBBLEMAPS
— Bubblemaps (@bubblemaps) October 29, 2025
Onchain transparency – now embedded into the world’s largest exchange
Try it now on @Binance pic.twitter.com/OzAkvTv5li
The partnership provides transparency tools that reveal wallet distribution and token concentration, enabling traders to identify potential pump-and-dump schemes and fraudulent activity before investing.
Read more details here.
Telegram CEO Pavel Durov unveiled Cocoon, a decentralized AI network on TON blockchain that rewards GPU providers with tokens for powering AI tasks, during his keynote at Blockchain Life 2025 in Dubai.
AlphaTON Capital is backing the launch with major GPU infrastructure investment, while Telegram will be the platform’s first customer for handling confidential AI queries.
Read more details here.
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.