KLEA Crypto Daily: Friday, October 31, 2025

Published: November 1, 2025 – 00:04 UTC

Here’s a look back at the key stories from October 31, 2025.

US-China Tariff Truce Signals Potential Relief for Crypto Markets

The recent tariff truce between the US and China could stabilize the crypto market by easing global growth concerns and reducing volatility across risk assets.

ZachXBT Uncovers Stolen Funds Tied to Garden Finance Exploit

Investigations reveal that over 25% of Garden Finance’s volume is linked to stolen funds. The platform faces criticism for facilitating illicit activities, including North Korean money laundering.

Bitcoin Faces Risk of Breakdown Amid Outflows from Spot Bitcoin ETFs

Bitcoin's price stability around $107,000 is threatened by increasing net outflows from spot Bitcoin ETFs, raising concerns about a potential breakdown in the near future.

Tether Reports $10 Billion Profit in 2025 So Far—Here’s How That Compares to the Big Banks

Stablecoin giant Tether is making billions on its US Treasury reserves, putting it in league with some of Wall Street’s top earners.

Revolut Introduces 1:1 USD-to-Stablecoin Swaps as Fintechs Embrace Crypto

Fintech giant, Revolut, introduces a new service allowing the conversion of US dollars to popular stablecoins at a 1:1 rate, making it easier for customers to switch between traditional money and digital assets.

Appeals Court Upholds Ruling Against Custodia's Fed Master Account Eligibility

An appeals court has upheld a ruling denying Custodia access to a Fed master account, a decision that could have significant implications for the company's operations. This ruling could impact Custodia's ability to conduct certain financial activities in the future.

Zcash Jumps 45% Weekly, Overtakes Monero as Top Privacy Coin

Zcash (ZEC) surged to an eight-year high, reaching a market capitalization of $6.2 billion and overtaking Monero as the most valuable privacy coin. This significant increase reflects a growing demand for privacy-focused cryptocurrencies amid market volatility and political uncertainty.

Fortytwo Unveils Swarm Inference: an AI Architecture Surpassing Leading Models on Key Benchmarks

Fortytwo research lab introduced Swarm Inference, an AI architecture that outperformed top models like OpenAI’s ChatGPT 5 and Google Gemini 2.5 Pro on key benchmarks. Swarm Inference operates through a network of interconnected models, showcasing improved reasoning performance in AI evaluation tests.

Trader Shorts $1 Million In Ethereum: ‘The Rally May Never Materialize, It’s a Bear Market'

Ethereum trader Taiki Maeda opens a $1 million short position on Ethereum, expressing doubts about the sustainability of its rally and suggesting the crypto market is in a bearish phase.

Coinbase Strengthens Bitcoin Treasury with $299 Million Q3 Accumulation

Coinbase Global, Inc. expanded its Bitcoin reserves significantly during the third quarter of 2025, purchasing approximately $299 million worth of BTC. The move brought the company’s total Bitcoin holdings to an estimated 14,548 BTC, underscoring its growing confidence in the asset’s long-term potential.

Nakamoto Holdings’ Share Value Plummets 98% Amid $563 Million PIPE Sell-Off

Nakamoto Holdings, a public company with significant bitcoin reserves, has experienced a drastic 98% stock collapse following a $563 million private investment deal. The sharp decline reflects investor concerns over the firm's financial structure and the risks associated with aggressive financing strategies in the cryptocurrency sector.

Coinbase Ends Q3 by Beating Street Estimates by 45%, Revenue Hits $1.86B

Coinbase exceeded expectations in the third quarter of 2025, reporting $1.86 billion in revenue and $1.50 earnings per share, surpassing Wall Street estimates by 45%. The strong performance was driven by a boost in trading activities, with transaction revenue dominating the total figure.

Jump Crypto Swaps $205 Million in Solana for Bitcoin through Galaxy Digital

Jump Crypto executed a significant on-chain asset rotation, exchanging 1.1 million Solana tokens for 2,455 Bitcoin through Galaxy Digital in an OTC-style trade. This move is seen as a possible signal of shifting institutional sentiment, drawing attention from traders and analysts.

Flutterwave Selects Polygon as Primary Blockchain Partner for Cross-border Payments

Flutterwave partners with Polygon PoS to power instant, low-cost cross-border payments across 30+ African countries, with Polygon PoS becoming the default blockchain for Flutterwave's new cross-border payments product. This partnership aims to enhance payment efficiency and accessibility for businesses and users in the region.

Vitalik Buterin Sells 275 Trillion CAT Tokens Amid Bearish Market

Ethereum co-founder Vitalik Buterin continues to offload unsolicited memecoins, recently selling 275 trillion CAT tokens for $14,216 amidst a declining crypto market.

Elizabeth Warren Lashes Out At Trump’s Move To Introduce Crypto To 401(K) Plans: ‘Shadowy Markets Lack Strong Guardrails To Keep Your Money Safe’

Senator Elizabeth Warren criticizes President Trump's decision to allow cryptocurrencies in 401(k) plans, warning that these "shadowy markets" lack the necessary safeguards to protect Americans' savings.

Bitcoin ETFs See $470 Million Outflow Amid Market Adjustments

U.S. Bitcoin ETFs experienced a $470 million outflow, ending a four-day inflow streak as investors react to market conditions and Federal Reserve signals.

XRPN Debuts on Nasdaq as $1B XRP Treasury Strategy Targets Institutional Investors

XRP and Evernorth gained institutional momentum as Armada Acquisition Corp. II changed its share tickers to XRPN, aligning with a $1 billion on-chain treasury strategy that strengthens regulated XRP exposure and drives the next wave of blockchain-based finance.

Source: KLEA News