Traders expect Bitcoin to rally following the midterm elections, as the largest Bitcoin position on Derive bets the cryptocurrency will surge above $90,000 in November.

This #EthereumOG, who bought 100,000 $ETH at just $0.31 each, sold another 1,500 $ETH ($3.48M) over the past 8 hours.

BlackRock’s subsidiaries BlackRock Financial Management and BlackRock Japan have signed a memorandum of understanding (MOU) with Japanese financial group SBI Holdings and Startale Group to explore linking tokenized money market funds (MMFs) with the yen stablecoin JPYSC. The partnership will focus on technical infrastructure, business models, distribution channels, and regulatory frameworks, and plans to make the offering available to financial institutions in Japan and other overseas markets. JPYSC is issued by SBI Shinsei Trust Bank and distributed by SBI VC Trade. BlackRock’s earlier-launched tokenized fund BUIDL manages approximately $2.17 billion in assets. (The Block)

According to Kaiko data, less than an hour after AI firm Anthropic publicly filed its S-1 registration statement for a U.S. IPO on October 26, trading volume for its pre-IPO perpetual contracts surged 159% over the past 24 hours. Binance-related contracts saw a 233% 24-hour trading volume increase to $35.2 million, while open interest rose 6.8%.

Against the backdrop of the upcoming Federal Reserve policy meeting, Bank of America (BofA) has issued a forecast, projecting that Chair Waller’s October press conference will follow the brief format of September, lasting around 30 minutes and likely without a Q&A session. BofA notes that if the Fed opts for a rate hike, Waller will face relatively less communication pressure, needing only to emphasize that inflation remains high and broad-based, financial conditions are not sufficiently tight, and the economy and labor market remain robust. His core task will be to avoid appearing overly hawkish to prevent the rate hike from triggering excessive tightening of financial conditions. If the Fed holds rates steady, Waller will need to strongly guard against market doubts about the Fed’s credibility. Facing the strong September inflation data, even when focusing on trends rather than individual data points, it is hard to shake off suspicion of complacency on inflation, as it was precisely similar trends that led to the September rate hike. If Waller is unwilling to guide the quarterly rate hike pace to lock in a December rate hike, the market may see a repeat of yield curve steepening distortion, a weaker U.S. dollar, and risk asset sell-offs. Finally, BofA maintains its judgment that the Fed will raise rates in December 2026 and March 2027 respectively; it also stresses that if inflation stickiness exceeds expectations in the first half of 2027, further rate hikes cannot be ruled out.

Peter Sellis was officially announced today as X’s new Head of Product. In the announcement, he stated, “My goal is to continue making this product beautiful and functional to help accelerate momentum, serving our community, new users, and global enterprises.” Public records show that from 2015 to 2022, Sellis served as Snapchat’s first product manager, leading products related to advertising and monetization during his tenure. He built the product management organization, pioneered innovative monetization methods, and grew the revenue product line from scratch to a business exceeding $4 billion. From 2022 to 2026, Sellis served as Product Manager at Discord, overseeing the entire product organization and driving significant user growth for the platform. During his time there, he managed Nikita Bier, X’s former Head of Product.

Per Bitget market data, Hong Kong-listed Zhipu saw its gains expand after today’s opening, surging over 10% intraday and currently trading at HK$557. MINIMAX-W rose over 4%, now at HK$181.2.