Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software should be monitored, according to a report.

AI's growth is constrained by resource and infrastructure limits, impacting investment strategies and delaying self-improvement breakthroughs.

The post Ben Horowitz says AI fast takeoff is unlikely as key conditions go unmet appeared first on Crypto Briefing.

Investor skepticism and market dynamics may lead to a downward adjustment of Anthropic's IPO valuation, impacting future tech IPOs.

The post Anthropic’s slowing revenue growth raises questions on $2T IPO valuation appeared first on Crypto Briefing.

TL;DR: Taiwanese authorities have reportedly restricted access to Coinbase and Kalshi sites over concerns involving election betting. The measures arrive ahead of local elections and underscore differing national approaches to prediction markets.

Taiwan has become another flashpoint in the debate over cryptocurrency-linked prediction markets after authorities reportedly restricted access to Coinbase and Kalshi websites.

The move was reported in October ahead of local elections scheduled for November 28, with officials citing restrictions on betting linked to political outcomes.

Kalshi operates event-based contracts, while Coinbase offers a wider set of cryptocurrency services. The specific reach and technical mechanism of the reported restrictions should not be confused with a criminal conviction against either business.

Why Election Contracts Create Problems

Prediction markets allow traders to take positions tied to possible future events. Some supporters argue these contracts offer useful information about public expectations.

But not every jurisdiction regards election-linked contracts as ordinary financial products. Taiwan has strict rules concerning election gambling and previously restricted access to other prediction-market services.

Authorities are concerned that wagering on election outcomes may introduce incentives that conflict with local electoral rules.

An Increasingly Fragmented Market

The situation illustrates the difficulties faced by financial platforms operating across borders.

A product permitted or regulated in one country may be restricted in another, even when it is offered through the same website.

Coinbase said it was investigating reports of reduced website access, while Kalshi indicated Taiwan was not a permitted market for its services.

Neither response establishes wrongdoing. The broader issue is whether prediction contracts should be treated as financial derivatives, gambling or something requiring a separate regulatory framework.

As these markets grow, such disputes are likely to become more common.

Written by the News Desk and edited by Samuel Rae.

TL;DR: Ripple Prime is offering eligible institutional clients exposure to perpetual derivatives referencing traditional assets through infrastructure connected to Hyperliquid. The service extends Ripple’s reach beyond cryptocurrency payments.

Ripple is deepening its involvement in institutional trading through products connected to the Hyperliquid blockchain ecosystem.

The company’s Ripple Prime business has introduced access to derivatives referencing a range of traditional financial markets, including equities, commodities and foreign exchange.

The arrangement involves Trade.xyz, which operates trading infrastructure connected to Hyperliquid.

Traditional Assets, Around-The-Clock Trading

Conventional securities and derivatives markets have defined opening hours. Perpetual contracts, by contrast, can allow traders to respond to price movements outside those sessions.

Ripple Prime is seeking to make that market structure available through its institutional brokerage and clearing relationships.

The service is aimed at professional counterparties rather than unrestricted retail cryptocurrency traders. Participants must still satisfy eligibility requirements, and leveraged derivatives can create substantial losses.

Ripple has spent recent years building services around custody, liquidity and regulated digital-dollar infrastructure in addition to the XRP ecosystem.

Why Hyperliquid Benefits

The integration is notable for Hyperliquid because it connects decentralised trading infrastructure with a more established institutional financial business.

That relationship may bring different types of traders and new collateral arrangements to the platform.

However, access to tokenized or synthetic exposure does not mean clients directly own the stocks or commodities referenced by their derivatives.

For Ripple, the launch is another effort to bridge traditional financial markets and blockchain-based settlement systems.

The longer-term test will be whether professional investors find the convenience of continuous trading worth the additional operational and market risks.

Written by the News Desk and edited by Samuel Rae.

TRX supply grew on all 108 days from July 1 through October 16 as burns fell short of newly issued rewards.

Read the full story on CryptoSlate

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In early October, customers in Southeast Asia discovered that their crypto had disappeared from Ledger hardware wallets that still seemed to be working normally. They bought the devices through CryptoBilis, an authorized reseller, and believed their private keys were protected inside a device built for that purpose. What they couldn't see was a second piece…

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Robert Kiyosaki, author of Rich Dad Poor Dad, has listed six money problems in recent posts on X, and he says the final one is the most dangerous.

He argues that financial mistakes can become lessons, but only if people are willing to learn from them.

Kiyosaki’s Six Money Problems: Why the Final One Could Ruin Your Future

In his first post, Kiyosaki named five problems most people meet at some point. They include having no money, not earning enough, and spending more than one earns. He also lists lacking future funds. The fifth problem surprises many readers: having too much money.

Kiyosaki says he has faced all five himself. Working through the first four, he explains, made him smarter and eventually led him to the problem of abundance. Hours later, he added a sixth problem that mirrors the fifth.

The sixth problem is the reverse: moving from too much money back to none. Kiyosaki says it often strikes people who become suddenly wealthy, including athletes, movie stars, lottery winners, and heirs.

Overnight riches can inflate egos or hand control of fortunes to dishonest managers, accountants, attorneys, or even family members.

He admits he has lived through this cycle several times. Rather than calling losses disasters, Kiyosaki frames them as teachers.

Drawing on lessons from his rich dad, he argues that falling from wealth can build financial intelligence. That holds only if the person learns instead of growing bitter.

What Could This Mean for Crypto Investors?

Kiyosaki’s framework fits crypto investors well, since digital asset prices can swing sharply within days. Humans, he says, are built to make mistakes and learn from them. Investors who never learn from losses tend to repeat them.

Practicing before committing real capital is the core idea behind cashflow, a board game Kiyosaki created with his wife Kim. Players make decisions and recover from simulated setbacks using fake money.

For crypto investors, a comparable habit involves setting risk limits before buying any token.

Setbacks, in this view, are lessons rather than verdicts. Kiyosaki suggests that investors who adopt that view can build lasting intelligence with money, even in volatile markets.

The post Robert Kiyosaki’s Sixth Money Warning Could Save Your Financial Future appeared first on BeInCrypto.

Bitcoin mining cost is split roughly evenly between hardware and electricity, Ethereum co-founder Vitalik Buterin said on X. AI inference, by contrast, is almost entirely a hardware bill, he added.

That contrast matters because miners and AI firms increasingly chase the same power sites. Yet the two industries spend their money in very different places.

What Drives Bitcoin Mining Cost Per Coin?

Buterin shared the observation alongside a cost table. Its line items add up to roughly $93,700 per coin.

Electricity is the largest line. Power fed directly into the machines costs $40,600 per coin, or 43.3% of the total. Other electricity adds another $2,400.

Meanwhile, compute capital expenditure (capex) runs about $37,600. That covers hardware, cooling, and power gear, including financing, and equals roughly 40% of the Bitcoin mining cost.

Labor, facility rent, maintenance, insurance, taxes, and bandwidth make up the remaining 14% or so. That leaves electricity and compute capex close to even, at roughly 46% and 40%.

The table’s total lands above JPMorgan’s recent Bitcoin production cost estimate of $85,000.

It also sits above Bitcoin’s current price, so an average miner would not cover its full costs.

Why AI Plays by Different Power Rules

AI inference flips that ratio, according to Buterin. Running trained models depends mostly on expensive chips, so power takes a much smaller slice of each dollar.

As a result, an AI operator can likely absorb higher electricity prices than a miner can. For miners, however, power makes up a far larger share of Bitcoin mining cost.

That gap already shapes the market. Many miners hold permitted grid capacity that AI developers can’t build fast enough, as local data center restrictions spread.

Some industry voices now ask whether AI could push mining out of the most expensive sites entirely.

Others want to merge the two models. BitMEX co-founder Arthur Hayes, for instance, is building a Bitcoin-style AI mining network that pays GPU owners.

If Buterin’s math holds, cheap power remains the miner’s edge, while cheap capital favors AI. The next contest for energy sites may hinge less on Bitcoin mining cost and more on who can finance hardware fastest.

The post Vitalik Buterin Reveals Why AI Could Push Bitcoin Miners Out appeared first on BeInCrypto.

On October 16, Ethereum (ETH) price witnessed upward momentum following growing whale accumulation and a rebound in Bitcoin price, helping the cryptocurrency to soar around 5% on a daily chart.

At the time of writing this, Ether (ETH) is trading at around $2,480 with a spike of 4.6% in the last 24 hours, according to CoinGecko. The daily trading volume is hovering around $14.48 billion, along with an impressive market capitalization of $301.764 billion.

Whale Accumulates ETH Despite Uncertainty in Market

According to on-chain data, in the last few days, major whale accumulation took place during a recent pullback in ETH price, with the price trading roughly in the $2,300 to $2,500 range. Some large wallets bought the dip, while others rotated from Bitcoin into ETH.

For instance, Lookonchain has highlighted one whale, which bought 6,010 ETH worth approximately $14.23 million on October 15 amid the price pullback. This same wallet has previously sold 2,050 ETH for around $4.93 million, locking in about $1.08 million in profit, then re-entered at lower levels.

On October 15, another whale accumulated 3,288 ETH at an average price of around $2,450 during the dip. It withdrew 1,100 ETH from OKX at about $2,516.77 and added another 2,188 ETH at approximately $2,416.89.

Whales and institutions sold 1,601.1 BTC, worth about $132 million in USDC, over the last 5 days and used the proceeds to buy 53,095 ETH at an average price of around $2,497. They sold another 288.9 BTC for about $23.48 million USDC and bought 9,820 ETH. This activity was tracked by Yuqing, also known as Yu Jin Monitoring, and confirmed by Lookonchain.

ETH Follows Clear Upward Trajectory

As of now, Ethereum is consolidating in the price range of $2,460 and $2,480. It is up roughly 4% to 5% over the last 24 hours, recovering from an intraday or recent low near $2,300. This price is moving in a clear short-term upward trajectory after the recent sell-off.

Technical indicators also confirm the upward momentum in Ethereum’s price. The 14-day RSI currently revolves around 65. This suggests strong short-term buying momentum without being deeply overbought yet.

For moving averages, the 20-day SMA sits at around $2,590, with the price currently below it. The 50-day SMA is around $2,550, and the price is also below it. This means ETH is still below its short- and medium-term moving averages. It means that the intermediate trend has not fully turned bullish. However, it is above the rising 200-day SMA, which keeps the longer-term structure intact.

According to the current TradingView price chart, Ethereum is developing a double-bottom pattern, which is especially visible on the 4-hour chart. Two lows formed near the $2,400 to $2,4100 zone, with a deeper liquidity sweep toward $2,320 to $2,340. The neckline and resistance sit around $2,578 to $2,590.

A sustained break and close above this neckline would confirm the pattern and open upside targets toward $2,700 to $2,760. Until then, the recovery remains a bounce rather than a confirmed trend reversal.

Bitcoin Recovers From Fed Rate Ambiguity

On Friday, Bitcoin rebounded on October 16, 2026, recovering around 2% after slipping below $81,000 the previous day. The drop was triggered by hotter-than-expected U.S. inflation data, which heightened uncertainty over Federal Reserve interest rate policy and clearly raised the odds of a potential rate hike,

BTC was trading around $80,000 before climbing back above $82,000. At present, BTC price revolves around $81,980 with a market capitalization of $1.65 trillion.

Patrick J. Witt’s assignment to the White House Crypto Council is over. Witt served as executive director, and journalist Eleanor Terrett reported that the White House confirmed his exit in an email, saying it was grateful for his work during the Trump administration and wished him the best in the future.

Patrick Witt put out a statement reflecting on his experience, thanking colleagues and officials from many departments. He pointed to his efforts on cryptocurrency policy, especially the passage of the GENIUS Act and ongoing work toward the CLARITY Act. Witt says he’ll keep working in the private sector, but he hasn’t shared any details about his next move.

Serving in this administration has been the privilege of a lifetime.

From helping to stand up the most successful presidential transition in history alongside @howardlutnick and @EDSecMcMahon, to rebuilding our defense industrial base as PTDO Deputy Under Secretary for R&E and then Acting Director of OSC at @DeptofWar, to driving forward President Trump’s vision to make the United States the “crypto capital of the world” as Executive Director of the @WhiteHouse Crypto Council, I consider myself to have been the luckiest guy in the world over these past two years.

First and foremost, I want to thank @POTUS for the opportunity to serve the American people again in your second term. Your clear-eyed vision to ensure the United States remains the undisputed global superpower at this time of unprecedented technological change and geopolitical strife is critical to our nation’s future prosperity.

Second, I want to thank @DavidSacks for your visionary leadership and mentorship. I am so grateful to have been able to work with you and learn from you over the past year. Thank you also to @USWREMichael, James Mazol, @HarryYJung, Nick Elliot, Tyler Williams, @lukejpettit, Jonathan Hurowitz, Andrew Rittenhouse, Michael Friedman, @atitus7, @passalacqua_mj, @willscharf, @JamesCBraid, @MayMailman, Steve Levine, Patrick Butler, Zach Carstens, and countless others across the administration for being the best colleagues anyone could ask for. It was an honor to serve alongside you.

Lastly, thank you to @SECPaulSAtkins and @ChairmanSelig, @SecScottBessent, @USComptroller Gould, @SenatorTimScott, @SenLummis, @SenatorHagerty, @berniemoreno, @JohnBoozman, @SenThomTillis, @RepFrenchHill, and @RepBryanSteil for your partnership in advancing crypto policy over the past year with the passage of the GENIUS Act and our work to advance the CLARITY Act. With regulators and elected officials like you, I rest easy knowing the future of digital asset innovation in America is bright.

Regarding next steps, I’ll have to more to share soon. For now, I’ll say this: I am extremely bullish on America as we embark upon a new golden age of technological advancement across multiple frontiers. I’m grateful to have done my part to unleash American innovation while in government, and I look forward to advancing that same mission in the private sector!

— Patrick Witt (@patrickjwitt) October 15, 2026

Witt Reflects on His Government Roles

Patrick Witt called his time in government a major professional opportunity, focusing on the responsibilities he handled over the last two years. He said he was involved in organizing the presidential transition with Howard Lutnick and Linda McMahon, calling it the most successful transition in history.

Later, Patrick Witt took on defence-related roles. He was Principal Deputy Under Secretary for Research and Engineering, then became acting director of the Office of Strategic Capital at the Department of War. After that, he led the White House Crypto Council, pushing President Trump’s goal of making the United States the crypto capital of the world.

Witt thanked President Trump for letting him serve in the administration’s second term. He also spoke about the need to keep America in front as technology and global politics change.

Officials and Colleagues Receive Recognition

Patrick Witt expressed his thanks to David Sacks for his leadership and advice over the past year. He gave credit to many colleagues across the administration, including Michael Kratsios, James Mazol, Harry Y. Jung, Nick Elliot, Tyler Williams, Luke Pettit, Jonathan Hurowitz, Andrew Rittenhouse, and Michael Friedman.

He also mentioned leaders in financial regulation and cryptocurrency law, like SEC Chair Paul Atkins, CFTC Chair Michael Selig, Treasury Secretary Scott Bessent, and US Comptroller Gould.

Patrick Witt’s thanks included several lawmakers: Senator Tim Scott, Senator Cynthia Lummis, Senator Bill Hagerty, Senator Bernie Moreno, Senator John Boozman, Senator Thom Tillis, Representative French Hill, and Representative Bryan Steil.

His acknowledgments showed how regulators and elected officials played a part in shaping the administration’s digital asset policy.

GENIUS Act and CLARITY Act Feature in Crypto Policy Efforts

Witt said the GENIUS Act was a key step in crypto policy during his time. He also pointed to ongoing work on the CLARITY Act, stressing how regulators and lawmakers have worked together.

In his statement, Witt said he believes digital asset innovation in the U.S. has a strong future. He gave credit to his government partners for moving crypto policy forward.

But nothing in the announcements explained how the Crypto Council will run now. There was no new leader named, and no changes to the council’s leadership were outlined, either in the White House comment or Patrick Witt’s statement.

Witt Leaves His Next Move Undisclosed

For now, Patrick Witt says he’ll announce his next plans soon, but hasn’t named any firms, groups, or jobs yet.

He sounded optimistic about the future of American technology and said he appreciated the chance to help innovation from a government role. He made it clear he’ll keep supporting the same mission in the private sector.

The only confirmed news for now is Witt’s exit from the White House Crypto Council. What he’ll do next is still a mystery, but the GENIUS Act and the work on the CLARITY Act remain key parts of the crypto policy he focused on up until his departure.

TL;DR: Strategy has conditionally declared daily STRC preferred-stock dividends for November 2026. The new cadence remains subject to shareholder approval and is intended to make the security more attractive to investors.

Strategy is proposing another adjustment to the financing instruments supporting its Bitcoin treasury business, this time seeking approval to pay dividends on its STRC preferred stock every day.

In an October 16 filing, the company outlined conditional daily dividend record dates for November. The announced rate was equivalent to approximately 12% annually, or $1 per preferred share for the month.

The plan depends on amendments that shareholders are due to consider at an October 28 meeting.

A Different Way To Attract Capital

STRC, also known as Stretch, is a variable-rate preferred security developed as part of Strategy’s effort to finance Bitcoin purchases.

Its appeal to investors is linked to recurring income and the company’s attempts to keep the share price close to its $100 reference level.

More frequent distributions could reduce the time between earning and receiving a dividend. That does not automatically increase the total amount paid or guarantee daily compounding.

Strategy has already used STRC-related financing to expand its Bitcoin holdings.

The Costs Still Matter

Preferred financing can raise money without immediately issuing more common shares, but it creates dividend obligations that require ongoing management.

Those costs become particularly important during prolonged weakness in the Bitcoin market.

If shareholders approve the changes and other conditions are met, the new STRC dividend schedule is expected to begin in November. Otherwise, existing arrangements will remain in place.

For investors, the vote offers another indication of how sophisticated Strategy’s capital structure has become as its Bitcoin treasury grows.

Written by the News Desk and edited by Samuel Rae.

TL;DR: Circle says it generated roughly $1.4 billion in first-half 2026 revenue while spending $819 million on distribution partners and related costs. The disclosure highlights the expense of building a widely used stablecoin payment network.

Circle’s USDC business is generating substantial revenue, but its latest disclosures show how much of that income is needed to support distribution and infrastructure.

The stablecoin issuer reported approximately $1.4 billion of revenue in the first half of 2026. It said around $819 million went to partners and transaction-related costs, while another $473 million supported operational, compliance and technology spending.

That leaves a much smaller proportion of revenue as retained profit than the headline size of USDC might suggest.

The Economics Of A Digital Dollar

Circle holds reserves backing USDC in cash and highly liquid financial instruments. Those assets can produce interest income, creating an important revenue stream for the issuer.

But USDC’s usefulness depends on its presence across exchanges, wallets, payment services and other financial applications.

Those distribution arrangements can be expensive. Coinbase is among Circle’s most important commercial partners, reflecting its role in making the stablecoin accessible to users.

As NewsBTC has previously explained, USDC aims to maintain its value against the dollar while remaining transferable across supported networks.

Competition Raises The Stakes

New stablecoin issuers and conventional financial institutions are entering the market. They will compete not only on the reliability of their reserves but also on distribution, redemption and cost.

Circle’s revenue also depends partly on interest rates. Lower yields on reserves could compress income even if USDC’s circulation remains relatively strong.

The latest figures reveal an important part of the stablecoin business: issuing the digital dollar may be only the first step. The partners enabling people to use it can command a considerable share of the economic value.

Written by the News Desk and edited by Samuel Rae.