Bitcoin held near the low-$81,000 range after recent volatility, even as spot ETF flows and macro jitters kept traders cautious. Elsewhere, Ethereum delayed a planned testnet fork over contract-safety concerns, and several exchange and stablecoin developments underscored the industry’s regulatory push and cross-border expansion.
Bitcoin pauses after a volatile stretch
Bitcoin traded around $81,700 and later held above $81,000 as broader market nerves tied to AI-related equity weakness eased somewhat. Separate market notes described Bitcoin’s volatility as elevated versus major currencies, while another briefing said it remained in a “wait and see” phase after recent swings. U.S. spot Bitcoin ETFs also saw fresh outflows, reversing a recent inflow streak and leaving October flows negative again.
Sources: CoinDesk, CoinDesk, CoinDesk, Decrypt, Cointelegraph
Ethereum delays Glamsterdam testnet work over gas-change risks
Ethereum developers delayed the Hoodi testnet fork tied to the Glamsterdam upgrade after security researchers flagged gas-related changes that could affect existing smart contracts. The reporting said researchers identified real-world cases where the proposed changes could let contracts permanently record failed operations, and that responsible disclosure was being coordinated with affected projects.
Sources: Decrypt, Cointelegraph, CoinDesk
Memecoins and altcoins rebound with broader market calm
Altcoins recovered alongside Bitcoin, and memecoins advanced in the session. One market update said the CoinDesk 80 rose 1.4% and memecoins gained 2.9%, while another noted Pepe climbed 13% as risk appetite improved.
Sources: CoinDesk
Exchanges and compliance remain in focus
Bybit said it secured a full Dubai license for spot trading services, though it still must satisfy additional regulatory requirements before launching. In a separate development, CoinDCX denied a hack after blockchain sleuths flagged about $16 million in suspicious outflows from wallets linked to the exchange.
Sources: Cointelegraph, CoinDesk
Stablecoins expand across banks and borders
HSBC rolled out a Hong Kong dollar stablecoin to retail app users, with plans to extend use into tokenized investment subscriptions and institutional applications. Separately, Malaysia and Thailand joined Singapore’s cross-border stablecoin initiative focused on lower-cost coordination for stablecoins and tokenized deposits.
Sources: Cointelegraph, Cointelegraph