CryptoPotato News (Official)

Bitcoin (BTC) Shows a ‘Major Sign of Strength:’ Price Rally Incoming? • Bitcoin rebounded 2% to briefly reclaim $81,000, with analysts suggesting a potential short-term price increase supported by strong spot demand and significant withdrawals from exchanges. • A mysterious investor opened a $72.1 million long position on BTC, raising speculation about insider information, while some analysts caution that the upcoming FOMC meeting could lead to a price correction. • Key support for Bitcoin is near $81,000, with warnings of a potential drop to $67,000 if this level breaks; bullish momentum requires clearing $84,500, with targets of $92,000 and $104,000 thereafter. https://cryptopotato.com/bitcoin-btc-shows-a-major-sign-of-strength-price-rally-incoming/

Ethereum Price Analysis: Can ETH Finally Break the $2,400 Resistance? • Ethereum has rebounded to around $2.37K after finding support near $2.3K, but remains below its previous ascending channel, indicating a cautious outlook. • The price is facing resistance in the $2.39K–$2.42K range, and a failure to clear this could lead to a decline towards the $2.27K–$2.31K support zone. • Liquidation heatmaps suggest potential short liquidations above $2.39K–$2.44K, but the overall trend remains bearish unless Ethereum reclaims the $2.47K–$2.52K supply zone. https://cryptopotato.com/ethereum-price-analysis-can-eth-finally-break-the-2400-resistance/

PEPE Soars 17% Daily: Did Justin Sun Fuel the Pump? • The frog-themed meme coin PEPE has surged to approximately $0.000005, with its market cap surpassing $2 billion, driven by increased interest from TRON's Justin Sun. • Sun has accumulated 11.85 trillion PEPE coins, valued at over $51.2 million, making him one of the largest holders, with speculation that his recent transactions may have been internal. • Analysts suggest potential further price increases, with predictions of reaching $0.00007 if PEPE breaks resistance levels, while a notable investor remains unable to cash out on a massive unrealized gain. https://cryptopotato.com/pepe-soars-17-daily-did-justin-sun-fuel-the-pump/

Bitcoin Sees Biggest Exchange Outflow in Five Weeks Ahead of Fed Decision • Bitcoin exchange outflows reached 14,942 BTC, marking the largest daily net outflow in five weeks, ahead of significant macroeconomic events. • Analysts suggest that moving Bitcoin off exchanges may indicate reduced selling pressure, with key price levels of $80,000 and $82,500 to watch for potential market movements. • Institutional demand appears weak, with US-listed spot BTC ETFs experiencing net outflows, while MARA Holdings' recent transfer of 1,000 BTC raises speculation about potential selling pressure. https://cryptopotato.com/bitcoin-sees-biggest-exchange-outflow-in-five-weeks-ahead-of-fed-decision/

XRP, HYPE, and ENA Levels to Watch Before the Fed Meets Today: Analyst • Crypto analyst Ali Martinez highlights key support and resistance levels for XRP, Hyperliquid (HYPE), and Ethena's ENA ahead of the US Federal Reserve's FOMC meeting. • XRP needs to maintain support at $1.25 to potentially rise to $1.55 and $2.10, while HYPE aims to break its current resistance to surpass its all-time high of nearly $98. • ENA is testing resistance at $0.22, with a breakout above this level indicating potential gains to $0.24-$0.27, while a rejection could lead to a drop to $0.18. https://cryptopotato.com/xrp-hype-and-ena-levels-to-watch-before-the-fed-meets-today-analyst/

Coinbase Denies Breach After Amplitude Security Incident Exposes Customer Data • Coinbase denied a data breach after a security incident at third-party vendor Amplitude exposed some customer contact information, confirming no unauthorized access to its systems. • The exposed data, including email addresses and phone numbers, could increase the risk of phishing and social engineering attacks, although Coinbase did not disclose the number of affected users. • Other exchanges, like Bithumb, are also facing data security issues, with reports of unauthorized access and customer data leaks, highlighting ongoing vulnerabilities in the crypto sector. https://cryptopotato.com/coinbase-denies-breach-after-amplitude-security-incident-exposes-customer-data/

Bitcoin Investors Beware: Analyst Warns of BTC Price Crash After Fed Meeting • The US Federal Reserve FOMC meeting today is highly anticipated, with investors focusing on the interest rate decision and Fed Chair Kevin Warsh's subsequent speech. • Bitcoin has seen a recent price increase but analysts warn of potential bearish movements post-meeting, with significant profit-taking by BTC whales and negative Coinbase Premium Index signals. • Experts expect no interest rate changes, but caution that the Fed may hike rates in December, which could further impact Bitcoin's price trajectory. https://cryptopotato.com/bitcoin-investors-beware-analyst-warns-of-btc-price-crash-after-fed-meeting/

Bitcoin Heads for Another October Loss as Demand Weakens • Bitcoin is experiencing its second consecutive losing October, down 3.3% as of October 28, with a price drop from $83,570 in September to around $81,350. • Demand for Bitcoin has weakened significantly, with the 30-day apparent demand metric showing a negative trend and the Coinbase Premium indicating reduced buying activity in the U.S. • Bitcoin is nearing critical support levels, including the 365-day moving average at approximately $77,585, with a sustained drop below these levels potentially leading to losses for recent buyers. https://cryptopotato.com/bitcoin-heads-for-another-october-loss-as-demand-weakens/

4 Important Ripple (XRP) Announcements From Swell 2026 Day 0 • Ripple Swell 2026, held from October 27-29 in New York, featured significant announcements including a strategic partnership with Robinhood for stablecoin and treasury operations. • Ripple expanded its collaboration with BNY Mellon to support XRP and RLUSD on its custody platform and announced a financing initiative with C2FO for instant supplier payments using XRPL. • Ripple Treasury launched 24/7 Returns for corporate cash management and received final regulatory approval for Ripple National Trust Bank to manage reserves and provide custody services. https://cryptopotato.com/4-important-ripple-xrp-announcements-from-swell-2026-day-0/

Bitcoin Reclaims $81K Ahead of FOMC Meeting, M Pumps by 12%: Market Watch • Bitcoin's price surged by approximately $2,000 to around $81,500 ahead of the US Federal Reserve's FOMC meeting, recovering from a recent dip below $80,000. • Ethereum neared $2,400 with a 3% increase, while XRP reclaimed the $1.30 support, and several altcoins, including BTW and PEPE, saw significant gains. • The total cryptocurrency market cap rose by over $40 billion, reaching above $2.710 trillion, with Bitcoin's market cap now at $1.630 trillion and its dominance over altcoins at 60%. https://cryptopotato.com/bitcoin-reclaims-81k-ahead-of-fomc-meeting-m-pumps-by-12-market-watch/

Ripple Price Analysis: XRP Must Reclaim This Key Level to Restart the Rally • XRP is attempting to rebound towards $1.32 after defending the $1.26 support level, with a breakout above $1.34 potentially shifting the short-term market structure. • The asset is currently facing resistance at the 0.5 Fibonacci retracement level of $1.34, and a failure to reclaim this level could lead to further declines towards $1.20. • The 4-hour chart indicates XRP is in a descending channel, with buyers defending the $1.26 area; however, a decisive close below this level could signal a loss of buyer control and further downside. https://cryptopotato.com/ripple-price-analysis-xrp-must-reclaim-this-key-level-to-restart-the-rally/

Bithumb Users Face Phishing Risks After Reported Data Leak • Bithumb experienced a data leak on October 28 after unauthorized access to its internal tools, affecting customer personal information. • The Financial Supervisory Service (FSS) of South Korea is investigating this incident along with similar breaches at Daishin Securities and Mirae Asset Global Investment. • Binance co-founder Changpeng Zhao advised users to enhance their security measures, such as using unique email aliases and hardware keys, to protect against phishing and SIM-swapping attacks following the leak. https://cryptopotato.com/bithumb-users-face-phishing-risks-after-reported-data-leak/

Binance Alerts Users: Ethereum Deposits Paused and Major Delistings Ahead • Binance will suspend deposits and withdrawals on the Ethereum network for about one hour on October 28 due to wallet maintenance, but trading will remain unaffected. • The exchange will delist several spot trading pairs and ten margin trading pairs on October 30, following a review of their liquidity and trading volume. • Previous maintenance events by Binance have not resulted in user complaints, and recent delistings have not significantly impacted the prices of the affected cryptocurrencies. https://cryptopotato.com/binance-alerts-users-ethereum-deposits-paused-and-major-delistings-ahead/

XRP Whales Now Control 68.5% of Supply, Highest Level Since 2022 • XRP whales control 68.5% of the total supply, with wallets holding at least 10 million XRP accumulating 46.87 billion tokens since November 2022. • Despite XRP's price struggling near $1.3, whale accumulation continues, indicating major investors are maintaining their positions while smaller traders may be losing confidence. • Evernorth Holdings plans to raise up to $80.7 million to buy more XRP and expand its operations, while Ripple enhances its corporate treasury platform with new features for digital asset returns. https://cryptopotato.com/xrp-whales-now-control-68-5-of-supply-highest-level-since-2022/

South Korea May Suspend Crypto Tax Again: 2029 Now the Leading Target Date • South Korea is considering a fourth postponement of its crypto income tax, with a new potential start date of January 2029, influenced by the U.S. not providing necessary taxation data. • The Blue House has indicated that discussions on delaying the tax implementation are ongoing, with legislative amendments expected during the upcoming tax law reform debate in November. • Public pressure is mounting against the tax, with petitions highlighting the financial struggles of crypto investors and concerns that the tax could drive them to offshore platforms. https://cryptopotato.com/south-korea-may-suspend-crypto-tax-again-2029-now-the-leading-target-date/

Bitget Wallet Brings USD and EUR Virtual Accounts, Converting Traditional Payments to Stablecoins • Bitget introduces USD and EUR virtual accounts for over 100 million users, allowing bank transfers to convert automatically into stablecoins USDT or USDC. • The service, in partnership with Noah, offers free account openings with monthly deposit caps of $20,000 for USD and €30,000 for EUR, but does not provide traditional banking services. • Fees for deposits are significantly lower than average remittance costs, with a $500 ACH deposit incurring about $2 in fees compared to the global average of 6%. https://cryptopotato.com/bitget-wallet-brings-usd-and-eur-virtual-accounts-converting-traditional-payments-to-stablecoins/

Passport Wallet Maker Foundation Reports Customer Data Exposure • Foundation confirmed that phishing emails from its official domains were linked to compromised Cloudflare API keys, but no evidence suggests Passport devices or private keys were affected. • The company identified over 23,000 phishing attempts, with significant numbers sent through Mailgun and Google Workspace, and is rotating keys across its systems as a precaution. • Similar data breaches have affected other crypto wallet makers recently, including ShipMonk, Ledger, and Keystone Wallet, highlighting ongoing security challenges in the industry. https://cryptopotato.com/passport-wallet-maker-foundation-reports-customer-data-exposure/

XRP Ledger Gets a New Use Case as Ripple Teams Up With C2FO • Ripple and C2FO are collaborating to enhance business payments using the XRP Ledger, aiming to enable suppliers to receive funds in seconds instead of days. • The initiative utilizes Ripple's US dollar-backed stablecoin, RLUSD, to facilitate faster settlements without altering existing invoice terms. • Ripple is also expanding its partnership with BNY for XRP and RLUSD custody, exploring tokenized trade finance, and has received approval for Ripple National Trust Bank to manage RLUSD reserves. https://cryptopotato.com/xrp-ledger-gets-a-new-use-case-as-ripple-teams-up-with-c2fo/

MARA Moves 1,000 BTC to BitGo: What It Means for Bitcoin • MARA Holdings transferred 1,000 BTC, valued at over $80 million, to BitGo, raising speculation about a potential sale and its impact on Bitcoin's market value. • On-chain data indicated that this large transfer could create a "structural supply overhang," potentially affecting buy orders and market support for Bitcoin's price. • Analysts suggest Bitcoin may be forming a local bottom around $80,000, but if it fails to reclaim $82,000, it could drop by up to 10%, while MARA's holdings continue to decline. https://cryptopotato.com/mara-moves-1000-btc-to-bitgo-what-it-means-for-bitcoin/

Arthur Hayes Plans to Build Derivatives Around AI Compute • Arthur Hayes outlined a plan for futures and perpetual swaps tied to the Flop Network's compute market, where AI agents would use FLOP to pay for computing power. • The Flop Reference Compute Rate (FRCR) would serve as a pricing benchmark, with contracts settled quarterly and structured in US dollars, requiring adjustments for currency differences. • The proposal emphasizes the need for a functioning spot market on Flop Network, with recorded inference tasks and fees to establish a common reference for pricing FLOP and computing capacity. https://cryptopotato.com/arthur-hayes-plans-to-build-derivatives-around-ai-compute/