At Solana Breakpoint 2025, Jupiter introduced JupUSD, a dollar-backed stablecoin built with Ethena, alongside eight major upgrades aimed at turning the Solana DEX aggregator into a broader DeFi platform. The rollout includes the full open-source launch of Jupiter Lend, a new all-in-one trading Terminal, enhanced safety tools, and a rewards program with more than $1 million in swap incentives. JupUSD is designed to integrate directly into Jupiter's products for trading, lending, and rewards, while analysts such as Fabiano.sol view the combined feature set as a bullish catalyst for Jupiter's position in Solana DeFi.

Brazil’s largest private lender Itaú reaffirmed its Bitcoin stance in a new outlook, advising a 1–3% portfolio allocation as a long-term hedge into 2026. The bank maintained this view despite recent volatility, with BTC around $90,100 and down 2.3% on a USDT basis, citing diversification benefits and protection during currency stress.

The U.S. Commodity Futures Trading Commission has launched a pilot under Acting Chair Caroline Pham that permits Bitcoin, Ethereum and USDC to be posted as collateral for futures and swaps in U.S. derivatives markets, according to the agency. The initiative is paired with updated guidance on tokenized collateral and the withdrawal of Staff Advisory 20-34. Analysts say the changes could spur broader institutional use of Bitcoin, Ethereum and stablecoins in regulated markets.

Bitcoin retreated to $89,605 after nearing $100,000, while major altcoins including Ethereum and Solana also declined. National Bank of Canada disclosed a $273 million position in MicroStrategy, representing 1.47 million shares, according to data from BitcoinTreasuries.NET. The investment provides the institution with indirect Bitcoin exposure through equity markets rather than direct cryptocurrency holdings.

Bitcoin is trading around $102,405 while struggling to hold above $100,000, with total cryptocurrency market capitalization falling to approximately $3.34 trillion. Bloomberg senior macro strategist Mike McGlone warns the current price level represents a critical juncture, noting that unusually low volatility may indicate underlying stress rather than stability. The correlation between Bitcoin and the S&P 500 remains above 0.53, reflecting continued alignment with traditional equity markets.

Bitcoin declined 3.8% to $110,063 on October 28 following Federal Reserve Chair Jerome Powell's indication that the central bank may pause rate cuts through 2025. Ethereum fell 3.6% to $3,853, while XRP dropped 4.1% to $2.51. Despite the selloff, Bitcoin ETFs recorded $202.48 million in net inflows, as Robert Kiyosaki warned of an approaching financial crisis.