‍Bybit Report: Private Data Guides Markets Amid US Government Shutdown The latest Bybit TradFi Report reveals that investors are increasingly relying on private data and alternative indicators, such as Bloomberg’s reconstructed unemployment statistics and ADP’s weekly payroll data, to navigate labor market conditions during the U.S. government shutdown. Analysis of these private sources shows a mixed picture: jobless claims are decreasing (est. 218,000 for week ending Oct 25), though continuing claims have risen to 1.95 million. ADP data indicates steady private-sector job creation. Bybit aims to enhance transparency and bridge TradFi and DeFi with such insights for its 70 million users.
‍BNB Chain's $BALZ Token Launches on PancakeSwap After Raising Over $2M The $BALZ token, a community-driven cryptocurrency on BNB Chain, has officially launched on PancakeSwap. The project successfully raised over $2 million in its presale, exceeding typical meme coin models by implementing a "Rug Pull Recovery Protocol" and attracting over 10,000 wallet migrations. BALZ's "Fair-As-F• Launch" ensured an equal entry price for all participants, contributing to its fundraising success. The launch coincides with a dynamic phase for BNB Chain, marked by renewed accumulation and the BNB token reaching new all-time highs. The BALZ ecosystem plans further development, including a no-code token launchpad and a high-speed trading interface, backed by a fully doxxed team and a clear roadmap.
‍Crypto Tracing Uncovers Global Child Abuse Network, Leading to Major Arrest Blockchain intelligence has been instrumental in dismantling a major child sexual abuse material (CSAM) network, culminating in the arrest of its alleged administrator in Brazil. This international operation, involving authorities from the United States, Germany, and Brazil, utilized advanced crypto tracing to expose a dark web infrastructure. TRM Labs' analysis led to the apprehension of a Peruvian national in September. The network, known as Videos Yad and Videos Sebick, had over 350,000 users and 21,000 illicit videos. Payments were traced through intermediaries to Brazilian crypto exchanges. This case highlights the growing collaboration between law enforcement and blockchain analytics firms. Cryptocurrency is now the top payment method for illicit sites, appearing on 60.87% of URLs offering payment options.
‍Japan's Financial Regulator Backs Yen Stablecoin Project by Top Banks Japan's Financial Services Agency (FSA) has officially endorsed a collaborative effort among leading financial institutions to issue yen-backed stablecoins. This initiative, part of the "Payment Innovation Project," aims to modernize corporate settlements and enhance economic efficiency. Participating institutions include Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi Corporation, and Progmat. The project will begin issuing payment stablecoins this month, focusing on improving user convenience and corporate productivity. This move aligns with Japan's proactive stance on cryptocurrency regulation, as evidenced by ongoing reviews of rules for banks holding cryptocurrencies and measures to combat crypto insider trading.
‍eToro Introduces 1% Stock Rebate on Crypto Deposits for UK & Europe Global investment platform eToro has launched a new incentive for users in the UK and Europe: a 1% stock rebate on cryptocurrency deposits made into GBP or EUR accounts via its integrated crypto wallet. This initiative aims to enhance user experience and broaden access for investors integrating digital assets with traditional investments. The program supports a wider range of cryptocurrencies, including BTC, ETH, XRP, USDC, MATIC, LINK, AAVE, UNI, and FET. Deposited assets can be converted to GBP or EUR for reinvestment across eToro's portfolio. eToro has also upgraded its crypto deposit functionality to handle increased volume and variety, reinforcing its role as a bridge between crypto and traditional markets.
‍JPMorgan Downgrades Robinhood, Cites Crypto Revenue as "Primary Drag" JPMorgan Chase has downgraded Robinhood, citing concerns over the "quality" of its Q3 performance, despite the platform exceeding revenue expectations. The investment bank maintained a neutral rating, raising its price target to $130. Robinhood's cryptocurrency business generated $268 million in net revenue, which was deemed weak relative to overall crypto trading volume growth. Management is adjusting pricing strategies, but the segment remains reliant on a limited user base. The crypto division's future performance is considered crucial for Robinhood's overall success.
‍DePIN Day Debuts in Latin America During Buenos Aires Devconnect Week The premier global event series on Decentralized Physical Infrastructure Networks (DePIN), DePIN Day, is set for its first Latin American appearance on November 18, 2025, in Buenos Aires, Argentina. Organized by Fluence and co-hosted with the Filecoin Foundation, the event will explore the integration of crypto-incentivized systems with physical infrastructure, focusing on areas like wireless networks, energy, and data storage. Key figures from Protocol Labs, ar.io, Akash, Messari, and others will participate. With over 13 previous editions worldwide, DePIN Day serves as a vital meeting point for builders and investors in the DePIN ecosystem.
‍HTX Launches 'Hunt for AI II' Trading Competition with Enhanced Rewards HTX is hosting 'Hunt for AI II: Human Revenge,' a trading competition from November 10th to 12th. The event features an upgraded format with new mechanics like faction points and destiny cards, encouraging community engagement through live voting and tasks. The prize pool starts with 4,675.85 USDT and will be significantly increased by the winning faction's account balance at the competition's end.
‍Trump Acknowledges Tariff Costs, Potentially Boosting Crypto Demand Donald Trump has conceded that US consumers may bear some cost of tariffs, an admission that signals growing economic uncertainty and potential shifts in global trade policy. This statement comes as the Supreme Court reviews tariff authority, with hints of a "Plan B" should the ruling be unfavorable. Periods of geopolitical and economic flux often lead investors to seek alternative stores of value. Decentralized digital assets, particularly Bitcoin, have historically been viewed as a hedge against inflation, currency devaluation, and market instability driven by policy changes. The borderless and permissionless nature of cryptocurrencies offers an alternative to traditional systems potentially impacted by evolving trade policies. As economic policy debates continue, digital assets may see increased adoption and interest as a response to perceived risks in governmental and financial systems.
‍RaveDAO and Collective Minds Partner for Web3-Enabled Charlotte de Witte Concert in Singapore RaveDAO and Collective Minds are set to host global techno icon Charlotte de Witte in Singapore on December 14, 2025. This collaboration integrates Web3 technologies, including on-chain ticketing and digital collectibles, into the live entertainment experience. Ron Yung of RaveDAO stated, "Partnerships like this are how Web3 reaches the real world." The event aims to introduce a new generation to ownership and community through technology, with over 4,000 fans expected. Roman Kibe of Collective Minds added, "Partnering with RaveDAO allows us to connect that mission with the next evolution of fan experience." RaveDAO's involvement includes support from major crypto platforms and a commitment to social impact initiatives.