President Donald Trump has nominated Michael Selig to chair the Commodity Futures Trading Commission. Selig currently serves as Chief Counsel of the SEC's Crypto Task Force and Senior Adviser to SEC Chair Paul Atkins. The nomination follows the withdrawal of a previous candidate in September and reflects a shift toward structured digital asset oversight.

JPMorgan analysts upgraded Coinbase with a December 2026 price target of $404, citing a potential Base network token valued between $12 billion and $34 billion. The bank highlighted Base's growth to over $5 billion in total value locked and shifts in USDC reward distribution as key monetization opportunities.

Tether announced October 24 it expects to earn $15 billion in profit this year, operating at a 99% margin with $183 billion USDT in circulation. The stablecoin issuer has reached 500 million users globally and is in discussions with SoftBank Group and Ark Investment Management to raise up to $20 billion for a 3% equity stake.

Ledger launched an integrated multisig feature on October 24, 2025, charging a $10 flat fee per transaction plus 0.05% on token transfers. Developers and security researchers criticized the closed-source implementation and fee structure, arguing it contradicts the company's original ethos.

Polymarket has confirmed plans to launch a native POLY token and conduct an airdrop distribution. Chief Marketing Officer Matthew Modabber said Thursday the platform will prioritize its U.S. application launch before proceeding with token deployment. The company aims to build long-term utility into the asset rather than rush its release.

Bitcoin rose 1.28% to cross $110,000 on October 12, the first breach of that level since the same date. The advance follows a 0.87% monthly expansion in China's M2 money supply and $20 million in net inflows to U.S. spot Bitcoin ETFs this week, according to market data. Hong Kong's approval of a Solana ETF reflects growing regional demand for digital asset products.

Dogecoin traded at $0.1957 on October 23, with exchanges recording a net inflow of $8.46 million, marking a reversal from months of negative flows, data show. Open interest in DOGE futures has recovered to $1.73 billion. The token faces technical resistance at the $0.2025 Fibonacci retracement level, with support established at $0.1758.

Tether Holdings expects to generate $15 billion in profit by year-end, with CEO Paolo Ardoino attributing the performance to reserve holdings including cash and short-term U.S. government bonds. The USDT issuer operates with a 99% profit margin and has approximately $183 billion in circulation. The company is in discussions to raise $20 billion for about 3% equity, potentially valuing it at $500 billion.