T. Rowe Price submitted an S-1 filing with the SEC on October 22 for an actively managed crypto ETF. The fund will hold 5-15 digital assets including BTC, ETH, SOL, XRP, and others. The product targets outperformance of the FTSE Crypto U.S. Listed Index through fundamental and momentum-based selection strategies.

The European Union unveiled its 19th sanctions package against Russia on October 23, 2025, expanding enforcement to digital asset networks. EU authorities have banned all transactions involving the A7A5 stablecoin, which they allege has processed over $6 billion in cross-border transfers since August. The measures target the token's developer, its Kyrgyzstan-based issuer, and associated exchange platforms, according to the EU Council.

Bitcoin stabilized around $109,000 following two major regulatory developments. U.S. President Donald Trump pardoned Binance founder Changpeng Zhao on October 23, 2025, ending an 11-month legal process. The European Union imposed sanctions on Russian cryptocurrency exchanges and the ruble-backed stablecoin A7A5, targeting platforms allegedly linked to sanction evasion.

U.S. President Trump pardoned Binance founder Changpeng Zhao on October 24, a decision he defended by alleging political persecution by the previous administration. The move has ignited debate over cryptocurrency regulatory policy and potential market effects. Binance Coin (BNB) was priced at $1,116.61 with a market capitalization of $155.41 billion on October 23, 2025, data show.

Synthetix dropped 9.3% over 24 hours, trailing the broader crypto market's 0.94% gain, according to CoinMarketCap. Trading volume declined nearly 30% as technical indicators displayed bearish structure following SNX's break below $1.32. On-chain data showed dormant token movement and profit-taking activity, raising questions about near-term recovery prospects.

Bitcoin's Short-Term Holder Spent Output Profit Ratio (STH-SOPR) declined to 0.992, its weakest reading since late April, data show. The metric tracks profitability for holders owning coins under 155 days. A reading below 1.0 indicates these investors are realizing losses, reflecting heightened capitulation among newer market participants.

Major Wall Street banks now expect the Federal Reserve to stop reducing its $6.6 trillion balance sheet this month. JPMorgan and Bank of America moved up their previous forecasts from December 2025 or early 2026 after funding costs surged and liquidity indicators tightened sharply.

Changpeng Zhao, founder of cryptocurrency exchange Binance, has been pardoned by President Donald Trump after serving nearly four months in prison for anti-money laundering violations. The decision has drawn criticism over potential conflicts of interest, with critics pointing to a $2 billion investment in a Trump-linked stablecoin by a fund connected to Binance. White House officials defended the pardon as correcting what they characterized as excessive regulatory enforcement by the previous administration.