The United States and China reached a tariff agreement on October 30, 2025, that includes a reduction to 10%, a one-year pause on rare-earth export restrictions, and resumed soybean purchases. President Trump stated the Busan summit exceeded expectations, while President Xi emphasized replacing confrontation with dialogue, according to Bloomberg and Reuters. The agreement is expected to be signed next week.

Bybit will stop accepting new user registrations in Japan from October 31 at 12 p.m. UTC, the exchange announced on October 30. The decision aligns with Japan's evolving regulatory framework as the Financial Services Agency prepares stricter oversight measures for the cryptocurrency sector. Existing Japanese users will continue to access all current services without interruption.

The U.S. Federal Reserve is widely expected to reduce rates by 25 basis points when the FOMC concludes its meeting today, with market data showing a 99.4% probability of the cut. Fed Chair Jerome Powell will hold a press conference at 2:30 PM ET, where investors will seek clarity on the pace of future easing and its implications for Bitcoin, Ethereum, and other risk assets.

Veteran trader VirtualBacon says the cryptocurrency market may be poised for a liquidity-driven rally as the Federal Reserve approaches the end of quantitative tightening. Goldman Sachs and Bank of America project QT could conclude by November or December 2025, potentially creating favorable conditions for Bitcoin and altcoins. The CME FedWatch tool shows a 99.9% probability of a rate cut this month, with an 87.9% chance of another reduction later this year.

Visa will integrate four new stablecoins operating on four blockchain networks, CEO Ryan McInerney announced during the company's fourth-quarter earnings call on October 28, 2025. The payment processor has facilitated over $140 billion in crypto and stablecoin transactions since 2020. Stablecoin-linked card spending grew fourfold year-over-year, with the company's stablecoin settlement network surpassing a $2.5 billion annualized volume run rate in the most recent quarter.

Market analyst VirtualBacon identifies a potential Federal Reserve liquidity policy shift as a critical driver for cryptocurrency markets in 2025. After 18 months of quantitative tightening, the Fed is nearing a pause in balance sheet reduction and may resume liquidity expansion. Historical patterns show similar Fed policy transitions have correlated with altcoin rallies.

Bitcoin declined 1.1% to $112,806 during Asian trading hours as investors reduced risk exposure ahead of the Federal Reserve's policy announcement. Ether dropped 2.1% to $4,016, while Solana fell 3.3% to $194.64. Total cryptocurrency market capitalization declined 1.4% to $3.8 trillion.

Hyperliquid and BNB Chain now account for more than 60% of total fees generated across major Layer 1 blockchains, while Solana's share has declined from over 50% earlier this year to 9%. The shift stems from reduced memecoin trading on Solana and growing derivatives activity on competing networks. Derivatives transactions generate significantly higher fees per trade than memecoin swaps, enabling platforms like Hyperliquid to capture over 40% of L1 fees despite lower user counts.