KLEA Crypto Daily: Wednesday, October 29, 2025

Published: October 30, 2025 – 00:03 UTC

Here’s a look back at the key stories from October 29, 2025.

Police Inquiry Cuts Short Solana Event in Shenzhen

A Solana community event in Shenzhen was abruptly shut down this week after local police arrived to investigate overcrowding. The incident sparked unease among attendees, reflecting broader scrutiny of crypto activities in mainland China.

NVIDIA’s Omniverse Innovations Propel Physical AI with Synthetic Data

NVIDIA introduces groundbreaking updates to its Omniverse platform, leveraging synthetic data to enhance the development of physical AI models for robotics and autonomous vehicles.

FOMC Cuts Interest Rates, Federal Reserve Divided on Further Cuts

The Federal Reserve cut interest rates, a move already anticipated by the crypto market, but remains uncertain about an additional cut in December, according to analysts.

Mastercard in Talks to Acquire Crypto Startup Zerohash for $1.5–$2 Billion

Fortune reports that Mastercard is in discussions to acquire Zerohash, a crypto infrastructure startup, for an estimated $1.5–$2 billion. Zerohash specializes in building stablecoin and crypto trading infrastructure for institutional clients.

'Worst Crypto Bull Market Ever': Why Bitcoin, Ethereum, XRP Traders Are Fed Up

Bitcoin and Ethereum traders are frustrated with the underperformance of altcoins, with data showing that holding major cryptocurrencies has been the most profitable strategy recently. Traders are hoping for a rebound or new upside momentum amidst volatile conditions.

Kraken Top Crypto Exchange in EU Lobbying Spending Ahead of Coinbase

Many crypto firms increased year-over-year spending 25% in 2024. Source: Decrypt

Nvidia Hits $5 Trillion Valuation, Powering Major Rally Across US Stock Markets

Nvidia becomes the first firm in history to have a market capitalization of more than $5 trillion. This is a massive achievement for the semiconductor giant. On October 29, 2025, Nvidia’s shares surged by around 4% early in the day, bringing its market worth to nearly $5.1 trillion. Source: Various

Zcash Shielded Supply Hits 4.5 Million ZEC

Zcash's shielded supply has reached 4.5 million ZEC as the privacy narrative gains traction, leading to a 7x surge in the token's value. This resurgence highlights the growing importance of privacy-focused cryptocurrencies in the market.

Bank of Canada Cuts Benchmark Interest Rate

The Bank of Canada has lowered its benchmark overnight interest rate by 25 basis points for the second consecutive meeting, bringing it down to 2.25%, the lowest level since July 2022. This decision aims to address ongoing economic challenges and stimulate growth in the Canadian economy.

Privacy-Focused Cryptocurrencies See Surge in Market Capitalization

Privacy-focused cryptocurrencies are experiencing a significant uptick, with Monero (XMR) and Zcash (ZEC) leading the sector as their market capitalization nears $14.3 billion. Over the past week, XMR has seen a ~10.7% increase, indicating growing interest in privacy coins.

Ethereum's Fusaka Upgrade Completes Final Testnet Phase Before Mainnet Launch

The Fusaka upgrade for Ethereum has successfully completed its testing on the Hoodi testnet, marking a crucial milestone towards enhancing scalability and performance for the platform. This progress sets the stage for the Fusaka mainnet launch scheduled for early December, bringing technical improvements to the Ethereum network.

NVIDIA and NPS Launch AI Flagship to Enhance Naval Training

NVIDIA and the Naval Postgraduate School (NPS) collaborate to advance AI capabilities for U.S. Navy training, enhancing skills for disaster recovery and strategic planning.

Bitcoin Holds Near $113,000 Ahead of FOMC as Traders Await Powell’s Guidance

Bitcoin remains steady around $113,000 as traders anticipate Federal Reserve Chair Powell's guidance at the FOMC meeting. Market caution persists despite significant liquidations and ETF inflows.

ASIC Confirms Stablecoins and Tokenised Assets Fall Under Financial Law

The Australian Securities and Investments Commission has clarified that stablecoins, wrapped tokens, tokenised securities, and digital asset wallets are considered financial products under current law. This move aims to provide investors with more protection and give firms clearer rules for operating within existing laws.

NVIDIA Enhances AI-Native 6G Development with Open Source Aerial Software

NVIDIA is open-sourcing its Aerial software to accelerate AI-native 6G development, offering researchers powerful tools on the NVIDIA DGX Spark platform. This initiative aims to advance AI technology and innovation in the 6G space.

NVIDIA and Uber Partner to Propel Autonomous Driving with Level 4 Robotaxis

NVIDIA partners with Uber to expand global autonomous driving networks using its DRIVE AGX Hyperion 10 platform, aiming for 100,000 vehicles by 2027.

Microsoft Values $135 Billion Stake in OpenAI as Firms Face Legal Pressure

The recapitalization gives OpenAI freedom to partner with competitors and release open-weight models, even as both firms face legal pressure.

Source: KLEA News