Crypto Talkies October 24th 2025

Crypto closed the evening on a cautiously upbeat note, with softer inflation readings lifting spirits and prices. Bitcoin (BTC) pushed higher as investors leaned into the prospect of a friendlier Federal Reserve path, though the rally came with a side of humility after high profile voices warned the asset could still see a drawdown of up to fifty percent. Ethereum (ETH) held its range near the upper end of recent trading, with traders eyeing a decisive move toward four thousand. Dogecoin (DOGE) continued to coil in a symmetrical triangle that has chart-watchers split between breakout hopes and the risk of a fake-out. Traditional finance kept inching closer to crypto plumbing. JPMorgan said it plans to accept Bitcoin and Ethereum as collateral for institutional loans by year end, using third party custody to secure pledged assets. Custodia Bank, teaming with Vantage Bank, rolled out a tokenized deposit platform for faster, programmable transfers that keep banks within the compliance lane. Swiss bank Sygnum and Debifi introduced a bank backed, non custodial Bitcoin lending model slated for 2026 that lets borrowers maintain partial control of their coins. Zelle is exploring stablecoins to take its instant payments model global, and Crypto.com filed for a U.S. National Trust Bank Charter to deepen custody and institutional services. Politics kept the narrative loud. Donald Trump’s pardon of Binance founder Changpeng Zhao sparked a rally in tokens tied to Binance and Trump aligned themes and revived questions about how the industry will be policed. The White House also floated a new direction by tapping Michael Selig to lead the CFTC, signaling a more crypto native lens on derivatives oversight. Meanwhile, Polymarket’s odds ticked higher on speculation that Sam Bankman-Fried could see a presidential pardon, and the WLFI token (WLFI) rallied on buzz tied to Trump’s blockchain orbit, even as volatility reminded traders how fast momentum can turn. Donations from Ripple, Coinbase, and Tether to a Trump backed White House ballroom project drew fresh scrutiny over transparency and the expanding political footprint of major crypto firms. Builders kept shipping. After a fifteen month shutdown following a cyberattack, Indian exchange WazirX (WRX) said it will reopen on October 24 with a month of zero fee trading and a redoubled focus on security, though users remain watchful after prior issues. Aster launched its Rocket program to match early stage projects with traders, dangling two hundred thousand dollars in rewards paid in ASTER (ASTER) to prime liquidity and long term value. Prediction market Polymarket set plans to launch a POLY token (POLY) and airdrop alongside its U.S. app relaunch. And in memecoin infrastructure, Pump.fun bought the Padre trading terminal to extend multi chain support, a move that lifted PUMP (PUMP) as whales leaned in. Liquidity found new records in DeFi. Perpetuals volume crossed one trillion dollars in October, led by upstarts like Hyperliquid, a milestone that underscores how on chain derivatives have become a core venue for risk. Stablecoin engines kept humming as Tether (USDT) prepared fresh mints, touted robust profits, and aimed at broader American distribution. Tether also stepped far outside stablecoins with the release of QVAC Genesis I, a massive synthetic dataset designed to democratize AI research in STEM fields, underscoring a strategy to seed open models with higher quality training data. Across ecosystems, the Solana Company said it will concentrate its treasury strategy on accumulating and staking SOL (SOL), pairing with Helius, Twinstake, and Anchorage Digital to strengthen infrastructure and institutional distribution. Fetch.ai and Ocean Protocol settled a one hundred twenty million dollar token dispute without going to court, with 286 million FET (FET) returned and a weekly burn effort helping stabilize sentiment around the ASI merger’s fallout. On chain sleuths also spotted a 2009 era Bitcoin wallet moving one hundred fifty BTC, a headline grabbing wakeup for crypto historians that analysts largely chalked up to a technical reorganization rather than a sell. Ripple had a busy tape. It acquired prime brokerage Hidden Road for 1.25 billion dollars and rebranded it Ripple Prime (XRP), pushing deeper into the institutional stack and tightening the bridge between crypto markets and traditional finance. Evernorth, a Ripple backed firm, is raising more than one billion dollars to build a large institutional XRP (XRP) treasury ahead of a planned SPAC listing, fueling debate over how much supply is truly being absorbed. Price wise, XRP held the two dollar thirty eight support band with bulls eyeing a rebound while futures activity and institutional interest kept the backdrop from deteriorating. Not every airdrop was a feel good event. Meteora’s MET token stumbled after early recipients, including wallets linked to the TRUMP meme coin, sold quickly, prompting questions from analysts about insider allocations and community trust. Elsewhere, HYPE’s listing on Robinhood and plans for a one billion dollar treasury raise sent HYPE (HYPE) higher as traders piled into momentum. As the market digests a friendlier inflation print and a wave of institutional integrations, the setup into the next session is a tale of two tapes. Macro winds look supportive, rails are being laid by banks and fintechs, and builders are still building. But the tape remains headline sensitive, the politics are noisy, and veteran chartists are reminding everyone that rallies climb a wall of worry. Keep an eye on whether Bitcoin’s strength can broaden to Ethereum’s four thousand test, whether DOGE confirms any breakout, and whether liquidity in DeFi perps and stablecoins continues to set the tone into the close.

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