Stable, a Layer 1 blockchain for stablecoin transactions, reached its $825 million Phase 1 pre-deposit hard cap shortly after launch on Thursday. Community members flagged that large wallets deposited the majority of funds before the public announcement. Onchain data indicated 600 million USDT came from ten addresses prior to the campaign going live, according to crypto researcher @0xastronomica.

Institutional holders removed over 128,000 LINK tokens worth approximately $2.2 million from major exchanges within a 24-hour period, data show. This withdrawal extends a five-month accumulation pattern totaling roughly 1.4 million LINK valued at $24 million, signaling sustained confidence among large-scale investors.

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.

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.

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.

Fidelity Digital Assets introduced Solana trading and custody services across retail, institutional, and wealth management platforms on Thursday. SOL gained 5.15% following the announcement, trading near $191 with over $7 billion in 24-hour volume. Analysts identified key support at $170–$175 and resistance between $195–$200.

Ethereum exchange-traded funds attracted $8.68 billion in net inflows during the third quarter of 2025, exceeding Bitcoin ETF inflows of $7.53 billion, according to Messari. Total Ethereum ETF assets under management reached $27.43 billion, marking a 170% quarter-over-quarter increase. ETH price gained 77% in the same period.

Solana-based exchange aggregator Jupiter plans to complete its prediction market platform rollout by the fourth quarter of 2025. The company is testing the product in beta with Kalshi, starting with the Mexico Grand Prix. The platform aims to expand on-chain asset variety and attract additional participants to Jupiter's DeFi ecosystem.