Stable, a blockchain optimized for USDT transfers and backed by Bitfinex, closed its pre-deposit campaign after securing $825M in liquidity. Data show a single whale deposited approximately $500M, representing over 60% of total contributions. The whale transferred funds from multiple wallets starting 30 minutes before the campaign's public announcement on October 24, 2025.

Decentralized perpetual futures platforms recorded over $1 trillion in trading volume during October, marking a new monthly record. Hyperliquid led all decentralized exchanges with $317.6 billion in trades, while collective DEX activity peaked at $78 billion on October 10. The milestone represents approximately 30% growth over August's previous record of $762 billion.

Overseas renminbi lending by Chinese banks reached a record RMB3.4 trillion ($480 billion), marking a 35% increase from the previous high, according to China's State Administration of Foreign Exchange. The renminbi's share in global trade finance rose from under 2% to 7.6% over three years, Swift data showed. China's Cross-Border Interbank Payment System now processes over RMB40 trillion quarterly, reflecting Beijing's push to reduce dollar dependence in global finance.

Senator Elizabeth Warren criticized President Donald Trump's decision to pardon Binance founder Changpeng Zhao on Thursday. Warren called the pardon political corruption requiring Congressional action. Zhao pleaded guilty in 2023 to failing to implement adequate anti-money laundering controls at Binance, according to court records.

Coinbase CEO Brian Armstrong said the U.S. cryptocurrency market structure bill is 90% finalized with bipartisan support, according to his communications with Senate Democrats and Republicans. Armstrong aims to submit the legislation before Thanksgiving and expressed optimism for passage by year-end. The bill would establish clear DeFi regulations and protect users' rights to earn stablecoin rewards.

U.S. President Trump pardoned Binance founder Changpeng Zhao on October 24, a decision he defended by alleging political persecution by the previous administration. The move has ignited debate over cryptocurrency regulatory policy and potential market effects. Binance Coin (BNB) was priced at $1,116.61 with a market capitalization of $155.41 billion on October 23, 2025, data show.

Major Wall Street banks now expect the Federal Reserve to stop reducing its $6.6 trillion balance sheet this month. JPMorgan and Bank of America moved up their previous forecasts from December 2025 or early 2026 after funding costs surged and liquidity indicators tightened sharply.

Turkey has emerged as the largest cryptocurrency market in the Middle East and North Africa, processing nearly $200 billion in annual transactions, data show. The volume is nearly four times that of the UAE, which ranks second with $53 billion. Market composition has shifted as retail participation declined while institutional trading remained robust, with analysts noting increased speculative activity.