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.

Citi and Coinbase announced a collaboration to develop digital asset payment capabilities for institutional clients. The partnership will initially focus on streamlining fiat-to-crypto transfers and expanding into always-on settlement infrastructure, addressing long-standing friction in institutional funding workflows.

S&P Global Ratings assigned Strategy Inc. a B- credit rating on October 27, 2025, marking the first formal assessment of a Bitcoin treasury company by a major credit agency. The junk-grade rating reflects Strategy's approximately $70 billion Bitcoin exposure and $8 billion in dollar-denominated debt obligations. The rating agency cited structural balance sheet challenges stemming from the mismatch between Bitcoin assets and dollar-denominated liabilities.

Sharplink Gaming purchased 19,271 Ether valued at approximately $80.37m on Monday, marking its first acquisition in a month. The transaction increases the company's total Ethereum holdings to 859,400 ETH, worth roughly $3.6b, positioning it as the second-largest corporate holder behind BitMine.

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.