Tether is on track to generate $15 billion in profit this year with a profit margin of 99%, CEO Paolo Ardoino told Bloomberg on Oct. 24. The stablecoin issuer's profitability reflects its position as the largest dollar-pegged digital asset provider in the cryptocurrency market.

Ripple completed its acquisition of Hidden Road on Oct. 24, rebranding the entity as Ripple Prime, the company announced. The acquired platform provides institutional clients with clearing, prime brokerage, and financing services across foreign exchange, digital assets, derivatives, swaps, and fixed income. Since the acquisition was announced, Ripple Prime's business has grown threefold, and the platform now supports Ripple's RLUSD stablecoin as collateral across multiple prime brokerage products, with select derivatives clients already holding RLUSD.

Two addresses associated with the 'Oct 11 Insider Whale' transferred 326 million USDC to a Binance deposit address within a 20-minute window on October 24, on-chain analyst Ai Yi reports. The addresses had withdrawn 36.41 million USDC from Hyperliquid prior to the Binance deposits. The purpose of the transfers has not been disclosed.

The U.S. seasonally adjusted core Consumer Price Index rose 0.2% month-over-month in September, below the 0.3% market forecast and down from the prior month's 0.3% gain, data released October 24 show. The unadjusted annual CPI reached 3%, its highest level since January 2025, though slightly below the widely anticipated 3.1% increase.

Betting odds on Changpeng Zhao returning to Binance within 2024 reached 26% as of Oct. 24, Polymarket data show. The probability has climbed steadily since the prior day. Zhao stepped down as Binance CEO on Nov. 22, 2023, and completed a four-month U.S. sentence in 2024. On Oct. 23, former President Donald Trump announced a pardon for Zhao.

Binance founder Changpeng Zhao said on Oct. 24 that a U.S. senator publicly misrepresented the charges against him, stating no money laundering charges were filed. CZ added the senator declared a "war on cryptocurrency" on public television five days before his sentencing during the Biden administration.

An address linked to Richard Heart transferred 10,900 ETH (approximately $42 million) to mixing service Tornado Cash over an 8-hour period on Oct. 24, EmberCN data show. The transfer follows a broader movement of 154,000 ETH (around $611 million) from the address to 22 new wallets in recent days, tokens originally purchased in March 2024 at an average price of $3,779 using 621 million DAI. Interpol issued a Red Notice in 2024 for the Hex and PulseChain founder on charges of severe tax evasion and assault, while the SEC filed charges in July 2023 alleging Heart raised over $1 billion through token sales and misappropriated at least $12 million in client funds.

A discussion thread titled "Trump pardoning CZ" climbed to second position on Reddit's trending topics list on Oct. 24, BlockBeats reports. The thread refers to speculation around former U.S. President Donald Trump potentially pardoning Binance founder Changpeng Zhao.

Binance co-founder He Yi thanked President Trump on Oct. 24 for pardoning CZ and pledging to make the United States the world's cryptocurrency capital. He Yi said CZ's vision transformed Binance into the world's largest crypto trading platform and shaped the broader crypto movement. She emphasized Binance's commitment to building a secure, transparent, user-first platform that reduces fees and expands financial system access.