Weekly Crypto News Roundup

October 24, 2025 by
Weekly Crypto News Roundup
DxTalks, Ibrahim Kazeem

1. Ripple CEO accuses Wall Street of hypocrisy over crypto access

Ripple CEO Brad Garlinghouse has criticized Wall Street firms for allegedly lobbying against cryptocurrency companies gaining access to Federal Reserve master accounts.

According to Cryptopolitan, Garlinghouse argued that traditional financial institutions are blocking innovation while seeking their own advantages in digital assets. He claimed that banks want control over crypto rails rather than open competition.

The comments come amid ongoing regulatory debate in the United States about how crypto firms should interact with central banking infrastructure. Garlinghouse said that denying access to Fed master accounts creates an uneven playing field for blockchain-based payment providers.

His remarks reflect broader industry frustration over perceived regulatory favoritism toward legacy financial firms. The issue of master account access remains unresolved as the Federal Reserve faces pressure from both lawmakers and financial institutions to clarify rules for digital asset firms.

2. Bitcoin stabilizes after $20B market wipeout

Bitcoin showed signs of stabilization after a significant market drop that erased approximately $20 billion in value. According to Cryptopolitan, the decline came amid broader market volatility affecting major cryptocurrencies. The report noted that Bitcoin experienced sharp intraday fluctuations before finding temporary support at a lower price range. 

Trading volume increased during the downturn, signaling heightened market participation as investors reacted to the sudden sell-off. The drop also affected other leading digital assets, contributing to an overall decline in total crypto market capitalization. 

Market participants are monitoring whether Bitcoin can maintain its current price range after the steep correction. The recent movement follows a period of sustained upward momentum that had pushed Bitcoin to stronger levels earlier in the month. Despite the wipeout, Bitcoin’s long-term trend remains a key focus for traders and institutional participants.

 

3. Spot Bitcoin ETFs Break four-day $1B Outflow Streak

 

Spot Bitcoin exchange-traded funds (ETFs) ended a four-day streak of combined $1 billion outflows as Bitcoin held above $108,000. According to CryptoSlate, the reversal signals renewed investor participation after several days of sustained selling pressure. 

The report indicated that multiple U.S.-based ETFs saw marginal net inflows following the sharp outflows observed earlier in the week. Bitcoin’s price stability was cited as a key factor in halting the capital flight from institutional products. 

The recovery in ETF flows comes at a time when the asset is trading near historically significant levels, with market participants closely tracking fund flows as an indicator of institutional sentiment. CryptoSlate noted that while inflows were modest, the halt in heavy redemptions may suggest caution rather than continued bearish positioning by large investors. Analysts are monitoring whether sustained price support will drive stronger ETF demand.

 

4. Crypto Donors Gather for Trump White House event

 

A group of cryptocurrency industry donors attended a private event at the White House ballroom during Donald Trump’s presidency. 

According to The Block, the gathering included high-net-worth executives and funders associated with digital asset initiatives. The report stated that the event was positioned as a closed-door engagement for high-level supporters rather than a public crypto policy forum. 

The publication noted that attendees saw the event as an opportunity to reinforce connections and discuss potential industry developments in a politically favorable environment. The fundraiser-style meeting reflected ongoing efforts by some crypto stakeholders to influence future policy directions through direct political engagement. 

While no formal policy statements were issued, the participation of prominent crypto donors underscored their continued interest in maintaining access to key political figures. The report did not specify whether regulatory topics, such as taxation or incentives for blockchain innovation, were formally addressed.

 

5. JPMorgan to allow BTC and ETH as collateral for institutional loans 

JPMorgan will permit institutional clients to use Bitcoin and Ethereum as collateral for loans. According to The Block, the decision marks a significant expansion of the bank’s digital asset financing offerings. The report explained that collateralized lending will occur through custody arrangements with regulated third-party providers. 

Institutions will be able to pledge cryptocurrency holdings without liquidating assets, thereby improving capital efficiency. The move aligns with growing institutional demand for blockchain-linked financial products. 

The Block noted that JPMorgan has gradually increased its involvement in crypto-related services despite broader regulatory uncertainty in the United States. The adoption of Bitcoin and Ethereum as acceptable collateral positions JPMorgan among a small group of major financial institutions offering such services. The program targets hedge funds, asset managers, and corporate clients seeking alternative financing methods.

 

6. Lugano unveils restored statue honoring Satoshi Nakamoto

 

The Swiss city of Lugano has revealed a restored statue dedicated to Bitcoin’s pseudonymous creator, Satoshi Nakamoto. According to The Crypto Basic, the statue underwent refurbishment as part of the city’s ongoing efforts to promote awareness of digital assets. 

The unveiling ceremony highlighted Lugano’s broader goal of positioning itself as a European center for cryptocurrency innovation and adoption. The Crypto Basic reported that local officials and blockchain advocates attended the event to emphasize the cultural and technological significance of Bitcoin. 

Lugano has previously launched initiatives encouraging residents and businesses to engage with digital currencies. The restoration of the statue reflects the city’s continued commitment to blockchain-related projects. The symbolic tribute to Nakamoto is intended to reinforce Lugano’s image as a crypto-friendly municipality supporting public engagement with decentralized technologies.

 

7. Binance’s CZ rejects Peter Schiff’s tokenized gold proposal

 

Binance founder Changpeng Zhao, also known as CZ, has dismissed a proposal by Peter Schiff regarding tokenized gold products, a move that has been seen as a victory for the cryptocurrency community. 

According to The Crypto Basic, Schiff suggested that tokenized gold could serve as a superior alternative to cryptocurrencies. CZ responded by labeling the concept as a “trust me bro” token, implying a lack of transparency and decentralization. 

The exchange between the two figures reflects ongoing debates between proponents of cryptocurrency and advocates of gold-based digital assets. The Crypto Basic reported that CZ argued true digital currencies should not rely on centralized backing or claims that cannot be independently verified on-chain. 

Schiff has been a long-standing critic of Bitcoin while promoting gold as a more reliable store of value. The public disagreement underscores persistent ideological divides within the alternative asset community.

 

8. Trump’s Pardon of CZ Seen as Signal of Regulatory Shift

 

The presidential pardon of Binance founder Changpeng Zhao by Donald Trump is being interpreted as a potential indicator of a changing regulatory climate for the crypto industry in Washington. 

According to Sandmark, political analysts believe the move could signal more openness to digital asset innovation at the federal level.  The report noted that supporters view the pardon as a step toward reducing hostility toward crypto firms previously targeted under stricter enforcement actions. 

Sandmark stated that while the pardon does not directly alter existing regulations, it may influence future policy discussions and enforcement priorities. The development comes amid broader debates over how the United States should approach digital asset regulation in light of innovation and consumer protection. Industry stakeholders are monitoring potential legislative shifts in the wake of the decision.

 

9. Binance Coin rises after CZ pardon news

 

Binance Coin (BNB) experienced a price increase of nearly five percent following reports of a presidential pardon granted to Binance founder Changpeng Zhao. 

According to Sandmark, the token saw a rapid market response as investors reacted to the perceived reduction in regulatory pressure on the exchange. The report indicated that trading volume surged shortly after the news became public, suggesting renewed market confidence in Binance’s position. 

Sandmark highlighted that investor sentiment toward BNB is often influenced by developments related to CZ, given his role in the platform’s strategic direction. The price movement occurred despite no immediate changes in operational conditions or regulatory framework. Market observers are watching to see whether the rally can sustain beyond the initial reaction to the pardon announcement.

 

10. Coinbase introduces AI agents for on-chain payments

 

Coinbase has launched a feature that enables AI agents to conduct blockchain-based transactions using its MCP (Multi-Chain Payment) system. 

According to Sandmark, the update allows automated agents to initiate and complete on-chain payments without manual user intervention. The platform aims to support programmable financial interactions that integrate artificial intelligence with decentralized payment infrastructure. 

Sandmark reported that the feature is part of Coinbase’s broader push to expand utility for developers building autonomous applications. The new capability supports multiple chains, offering flexibility for diverse use cases in decentralized finance and digital commerce. 

The integration reflects a growing trend of combining AI with smart contract execution to streamline transactions and reduce human oversight. Coinbase has positioned the feature as an innovation that may enhance operational efficiency for users engaging in repetitive or logic-based payment functions.

 


Weekly Crypto News Roundup
DxTalks, Ibrahim Kazeem October 24, 2025
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