BitMine Immersion purchased approximately 27,316 ETH valued at $113 million from digital asset custodian BitGo, data show. The acquisition increases BitMine's Ethereum holdings to roughly 3.3 million ETH, worth over $13 billion at current prices. The company targets ownership of 5% of all circulating Ethereum, equivalent to 6.04 million ETH.

Australia's securities regulator has updated its digital asset framework as the country prepares mandatory licensing for crypto exchanges and stablecoin issuers by 2026. The Australian Securities and Investments Commission published revised guidance on October 29, 2025, clarifying how financial services laws apply to digital asset businesses. The update supports upcoming legislation that will introduce formal licensing requirements for crypto platforms and custody providers.

Bitwise's Solana Staking ETF (BSOL) recorded $55.4 million in trading volume on October 28, 2025, its first day on the market. The fund launched with over $223 million in assets, representing the strongest debut among crypto ETFs introduced in 2025. The performance exceeded initial projections and generated $10 million in volume within its first 30 minutes of trading.

Bitwise Asset Management has launched the Bitwise Solana Staking ETF (BSOL), the first U.S. exchange-traded product offering direct exposure to spot Solana. The fund began trading on the New York Stock Exchange on October 28, 2025. BSOL holds and stakes SOL tokens on-chain to generate approximately 7% annual yield, with a 0.20% management fee waived for three months or until assets reach $1 billion.

Senator Thom Tillis has warned that Congress must pass cryptocurrency legislation by January or February 2026 or face a legislative standstill. The North Carolina Republican and Senate Banking Committee member stated that election-year politics will halt progress on digital asset reforms once the midterm campaign season begins. The Financial Innovation and Technology for the 21st Century Act, which passed the House in July, remains pending in the Senate.

Coinbase's x402 protocol recorded nearly 500,000 transactions between October 14 and October 20, a 10,780% increase from the prior four weeks, data show. The open-source system enables AI agents and users to execute stablecoin payments without credit cards. On October 18, the protocol set a single-day record of 239,505 transactions.

North Korea's cyber operations laundered approximately $1.65 billion in cryptocurrency between January and September to fund weapons programs, according to the Multilateral Sanctions Monitoring Team. The total includes $1.4 billion stolen from Bybit in February and additional proceeds from illicit cryptocurrency activities throughout 2024. The country has deployed IT workers to eight nations to circumvent UN sanctions and generate revenue.

The REX-Osprey XRP ETF (XRPR) has surpassed $100 million in assets under management, marking a milestone for institutional XRP adoption in the United States. CME Group launched options on XRP futures after five months of futures trading that recorded over 567,000 trades totaling $26.9 billion in notional volume. XRP traded at approximately $2.56, reflecting a 3.49% increase over 24 hours.

Custodia Bank and Vantage Bank Texas have launched a nationwide platform enabling U.S. banks to issue blockchain-based tokens backed by FDIC-insured deposits. The tokens function as traditional deposits within participating institutions and convert to stablecoin-like instruments during inter-institutional transfers. Three trial transactions were completed on Ethereum in March, with Bitcoin integration currently in development.