President Donald Trump plans to nominate Michael Selig for chair of the Commodity Futures Trading Commission, administration officials said. Selig serves as chief counsel of the SEC's crypto task force and senior adviser to SEC Chair Paul Atkins. The nomination comes after Trump withdrew Brian Quintenz's candidacy following opposition from crypto industry figures.

Video-sharing platform Rumble is introducing Bitcoin tipping functionality for its 51 million monthly active users through a partnership with Tether. CEO Chris Pavlovski announced the feature is currently in testing, with full rollout expected by early to mid-December 2025. The initiative was revealed at the Plan ₿ Forum in Lugano, Switzerland.

Bitcoin remains vulnerable to drawdowns of up to 50% even as institutional adoption rises, according to Tom Lee, chairman of BitMine. Lee noted that Bitcoin continues to track equity markets with amplified movements, meaning a 20% decline in the S&P 500 could result in a 40% drop for Bitcoin. Despite volatility concerns, Lee maintains his forecast that Bitcoin could reach $200,000–$250,000 by year-end.

Decentralized perpetual futures platforms recorded over $1 trillion in trading volume during October, marking a new monthly record. Hyperliquid led all decentralized exchanges with $317.6 billion in trades, while collective DEX activity peaked at $78 billion on October 10. The milestone represents approximately 30% growth over August's previous record of $762 billion.

An independent Bitcoin miner validated block 920,440 on Thursday and earned $347,455 in total rewards. The miner operated solo mining infrastructure on an Umbrel server through Public Pool, receiving 3.125 BTC as the block subsidy plus 0.016 BTC in transaction fees. The achievement demonstrates that independent miners can still successfully validate blocks despite Bitcoin's rising global hash rate.