Binance founder Changpeng Zhao is preparing to sue Senator Elizabeth Warren for defamation over her statements regarding his criminal case. Warren claimed on X that Zhao pleaded guilty to money laundering, but he actually pleaded guilty to violating the Bank Secrecy Act. Zhao's attorney is demanding a retraction, warning that a lawsuit will follow without one.

The United States launched its first altcoin exchange-traded funds on October 27, with Solana, Hedera, and Litecoin ETFs generating $65 million in combined first-day trading volume. Solana's ETF attracted $56 million in trading activity, yet the token declined 3.65% to around $191. Hedera's $8 million in volume corresponded with a 4.9% price surge to $0.193, while Litecoin's $1 million debut saw the token drop 3.3% to $96.

France's UDR party on October 28 introduced legislation to establish a state-managed Bitcoin reserve of 420,000 BTC, according to reports. The bill positions Bitcoin as a sovereign asset and rejects the EU's digital euro framework in favor of euro-backed stablecoins. The proposal would make France the largest sovereign Bitcoin holder globally, surpassing the United States' current 326,588 BTC.

JPMorgan is preparing to allow institutional clients to use Bitcoin and Ethereum as collateral for loans, with the program expected to launch by year-end. The crypto assets would be held with a third-party custodian while the bank extends credit against them. The move marks a shift toward integrating digital assets into traditional banking credit frameworks.