Chainlink's LINK Gains as Whales Accumulate $188M After October Crypto Crash

British crypto firm KR1 is looking to list on the London Stock Exchange as UK regulators shift towards a more favorable approach to the crypto industry. This change is significant because it opens up new opportunities for digital assets in the UK market, potentially attracting more investment and innovation in the sector.

In response to President Trump's controversial pardon of Binance founder Changpeng Zhao, Democratic congressman Ro Khanna is taking action by planning to introduce a bill that would prohibit elected officials from owning or creating cryptocurrencies. This move is significant as it aims to address potential conflicts of interest and restore public trust in governance, especially in the rapidly evolving crypto landscape.

Streamex Corp. has teamed up with Chainlink to enhance its gold-backed stablecoin, GLDY, by utilizing Chainlink's technology for improved transparency and cross-chain capabilities. This partnership is significant as it not only boosts the credibility of GLDY but also showcases the growing trend of integrating blockchain technology with traditional commodities, potentially attracting more institutional investors to the crypto space.

China has once again reinforced its strict regulations on cryptocurrency, particularly targeting stablecoins, which it views as a potential risk to its financial system. This comes amid growing concerns that the United States is strengthening its dollar dominance through these digital assets. Pan Gongsheng, the governor of the People's Bank of China, has been vocal about the need for caution in the crypto space, highlighting the challenges China faces in balancing innovation with regulatory oversight. This ongoing crackdown could hinder China's ability to compete in the global crypto market, especially as other countries embrace digital currencies.

The recent MegaETH token sale has generated significant excitement, being oversubscribed by 8.9 times with a whopping $450 million committed. This surge in interest highlights the growing confidence in MegaETH's promise of delivering a blockchain experience that rivals traditional applications in speed and usability. Such enthusiasm not only reflects investor optimism but also signals a potential shift in how blockchain technology is perceived and adopted in the mainstream market.

Western Union is making significant strides into the cryptocurrency space by adopting stablecoins and developing a digital asset strategy. This move is important as it reflects the growing acceptance of digital currencies in mainstream finance, potentially enhancing transaction efficiency and expanding their customer base. By embracing these innovations, Western Union aims to stay competitive in a rapidly evolving financial landscape.

The recent bankruptcy of Ayandeh Bank, one of Iran's largest private banks, has left millions of customers in a state of uncertainty. This event, which occurred on October 23, 2025, has reignited discussions about the risks of relying too heavily on traditional banking systems, echoing Bitcoin's original warnings. As people grapple with the fallout, it highlights the ongoing relevance of cryptocurrencies as alternatives to conventional banking.

US Representative Ro Khanna is taking a significant step by proposing a bill aimed at preventing elected officials, including Donald Trump and his family, from engaging in stock and cryptocurrency trading. This move is crucial as it addresses potential conflicts of interest that can arise when lawmakers profit from financial markets while making decisions that affect them. By advocating for this legislation, Khanna is promoting transparency and integrity in government, which is essential for public trust.

Exciting news for crypto enthusiasts as multiple exchange-traded funds (ETFs) based on Solana, Litecoin, and Hedera are poised to launch this week, even amidst the government shutdown. Experts, including Nate Geraci, believe that this could be a pivotal moment for the crypto market, especially with the potential for these ETFs to attract significant investment. The launch signifies growing institutional interest in cryptocurrencies and could pave the way for more innovative financial products in the future.

Kalshi has taken a significant step by filing a federal lawsuit against New York regulators, who are attempting to classify its sports event contracts as unlicensed gambling. This move could lead to serious consequences, including civil and criminal penalties for the company. The lawsuit, filed in October, highlights the ongoing tension between innovative financial products and regulatory frameworks, making it a critical case to watch as it could set precedents for the future of similar businesses.

A recent analysis suggests that USDT, a popular stablecoin, is set to be integrated into Venezuela's banking system by December. This development is significant as it could enhance financial stability and accessibility in a country facing economic challenges. The integration of cryptocurrency into traditional banking could pave the way for more innovative financial solutions and improve the overall economic landscape in Venezuela.

British crypto firm KR1 is looking to list on the London Stock Exchange as UK regulators shift towards a more favorable approach to the crypto industry. This change is significant because it opens up new opportunities for digital assets in the UK market, potentially attracting more investment and innovation in the sector.

ETHZilla, the Ethereum treasury company, has made a significant move by selling around $40 million in ETH to fund a buyback of 600,000 shares. This strategy aims to reduce the disparity between its stock price and net asset value, which is a positive sign for investors looking for stability and growth in the company. Such actions can enhance shareholder confidence and potentially lead to a stronger market position for ETHZilla.

A recent glitch involving a trading bot has caused Hyperliquid's HYPE token to skyrocket to an astonishing $98. This unexpected surge highlights the volatile nature of cryptocurrency markets and the impact that technology can have on trading dynamics. Investors are buzzing about the incident, as it not only showcases the potential for rapid gains but also serves as a reminder of the risks involved in digital asset trading.