The probability of a 25-basis-point rate reduction by the Federal Reserve in October stands at 98.3%, with a 1.7% chance of rates remaining unchanged, CME FedWatch data show on October 25. The tool tracks market expectations for Fed policy decisions based on fed funds futures pricing.

Coinbase temporarily disabled spot trading and advanced trading features on Oct. 25 for scheduled maintenance, the exchange announced. The maintenance is expected to last up to 4 hours, with an update to be issued upon resumption. Order books for all trading pairs entered cancel-only mode for approximately 10 minutes before the platform shut down remaining functionalities.

Binance retained North Carolina lobbyist Ches McDowell in late September to lobby the White House and Treasury on financial policy and administrative relief, paying his firm Checkmate Government Relations $450,000 for one month of work, Politico reported on Oct. 25. McDowell, a hunting associate of Donald Trump Jr., has seen his firm generate $7.1 million in revenue over the past three months since establishing a Washington office earlier this year. Separately, Binance and CZ each hired prominent crypto attorney Teresa Goody Guillén in February, three weeks after Trump's inauguration, with her firm receiving a combined $290,000 in fees from the two clients year-to-date, firm reports show.

A counterparty to a whale with a previously perfect track record increased their Bitcoin short position to 666 BTC on Oct. 25, on-chain analyst Ai Yi (@ai_9684xtpa) reports. The position, valued at $74.43 million with an average entry price of $110,004.1, shows an unrealized loss of $1.17 million. The addition occurred approximately 30 minutes before the report.

U.S. spot Ethereum exchange-traded funds recorded cumulative net outflows of $243.9 million for the week, Farside Investors data show on Oct. 25. The outflows reflect continued investor withdrawal from Ethereum-based investment products during the trading period.

Stablecoin transactions for real-world goods, services and transfers reached $10 billion in August 2025, up from $6 billion in February and more than double the volume in August 2024, blockchain data provider Artemis reports. The surge follows the U.S. passage of its first regulatory framework for stablecoins in July. At the current growth rate, annual stablecoin payment volume could reach $122 billion, Artemis researchers said.

U.S. spot Bitcoin exchange-traded funds recorded net inflows of $446.3 million for the week, Farside data show on Oct. 25. The weekly accumulation reflects continued institutional demand for Bitcoin investment products through regulated exchange-traded vehicles.

The Federal Reserve will announce its interest rate decision at 02:00 Thursday, followed by Chair Jerome Powell's press conference at 02:30, BlockBeats reports. Dallas Fed President Lorie Logan, a 2026 FOMC voter, is scheduled to speak at 01:15 and 21:30 Friday. Powell is expected to announce a 25 basis point rate cut while maintaining relatively unchanged guidance on future policy paths. The Fed's messaging may lean slightly dovish amid trade tensions and the government shutdown, though Powell and colleagues are unlikely to commit to a series of rate cuts in advance, potentially disappointing traders expecting an additional 100 basis points of cuts beyond October.

Kyrgyzstan launched its national stablecoin on BNB Chain and established a national cryptocurrency reserve that includes BNB, Binance founder CZ said in an Oct. 25 social media post. The country's central bank digital currency is ready for deployment and will be used for government-related payments and other scenarios. CZ said the national crypto reserve has been set up with BNB as part of its holdings.