CRYPTO INSIDER

Spain takes down alleged $300M crypto pyramid operator Authorities in Spain arrested “Cryptospain,” who is believed to have orchestrated a $300M crypto pyramid offering 20% yearly returns and attracting thousands of investors. Investigators call it a textbook pyramid involving offshore transfers across at least eight countries. Bail was denied due to potential flight risk. The case also touches on politics: Castillo is accused of transferring $115,000 in crypto to far-right politician Luis “Alvise” Pérez Fernández and helping manage anonymous donations. CRYPTO INSIDER │ Bybit

National crypto reserve coming to Kazakhstan The central bank revealed plans to build a crypto reserve of $500M to $1B, partially funded through recovered assets and repatriated wallets. Its investment strategy centers on ETFs and shares of crypto firms, minimizing involvement with direct token purchases. Governor Suleimenov notes the approach will be “as cautious as possible.” The reserve is expected to go live in late 2025 or early 2026. CRYPTO INSIDER │ Bybit

Crypto shows mild recovery momentum Bitcoin stays near $102K, Ethereum remains above $3.3K. FIL, ICP, and MYX show strong daily gains, while ZK, ASTER, and 2Z continue to drop. ETF flows turned positive: $240M in BTC ETFs and $12M in ETH ETFs. The Fear & Greed Index is still at 24, in the Extreme Fear zone. CRYPTO INSIDER │ Bybit

Germany is set to boost its AI capacity as Nvidia and Deutsche Telekom partner on a €1 billion AI factory in Munich. The existing data center will be transformed to support 10,000 Nvidia Blackwell GPUs — a ~50% increase in national compute power. The center will go online early next year, and Perplexity will be among its first customers. CRYPTO INSIDER │ Bybit

If BTC can’t hold $100K, a correction to $72K is likely, according to CryptoQuant’s Julio Moreno. He highlighted weakening spot demand, ETF outflows, and a Coinbase premium decline. With a Bull Score of 20, Bitcoin sits firmly in bearish territory. Hashdex added that Fed policy and long-term holders are adding pressure, but infrastructure investment by institutions remains steady. CRYPTO INSIDER │ Bybit

‼️Bitcoin has dipped under $100K for the first time since the summer.

Donald Trump promised to turn the U.S. into the “crypto capital of the world.” In an interview with 60 Minutes, he called crypto “a market with No. 1 potential” and warned that China is getting “too big” in Bitcoin. Trump also said Biden’s effort to appeal to voters with crypto didn’t work — “people voted for me.” CRYPTO INSIDER │ Bybit

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FTX decided not to proceed with its request to halt payouts to users in 49 jurisdictions, such as Ukraine. The proposal faced strong opposition from creditors and investors — especially from China — leading the FTX Recovery Trust to pull the motion after the October 23 hearing. The fund noted that it could still refile the request in the future. CRYPTO INSIDER │ Bybit

The crypto market wakes up in red: Bitcoin dropped to $104K, Ethereum hovers around $3.4K. Liquidations reached $1.37 billion in the past 24 hours, while market sentiment plunged into “extreme fear” territory at 21. CRYPTO INSIDER │ Bybit

Bitcoin’s retail crowd is thinning out According to CryptoQuant, activity among holders of less than 0.1 BTC fell by over 80% since 2023. Analysts say more users now prefer Bitcoin ETFs, while others switched from trading to long-term stacking or moved into higher balance brackets. CRYPTO INSIDER │ Bybit

ASTER spikes after CZ joins the party After CZ announced his $1.9M ASTER purchase, the token jumped over 30% to $1.28, later easing back to $1.05. Zhao clarified that it’s a long-term investment, not a trading move. CRYPTO INSIDER │ Bybit

Disgraced Thodex founder dies in custody Faruk Fatih Özer, the man behind one of Turkey’s biggest crypto scandals, was found dead in Tekirdağ Prison, according to TRT. He was serving 11,196 years for fraud after Thodex went bankrupt in 2021. Chainalysis estimates investor losses at $2.6 billion. Suicide is being investigated. CRYPTO INSIDER │ Bybit

Tether posted $10 billion in profits for 2025 so far and increased its U.S. Treasury exposure to $135 billion. It now ranks 17th globally among U.S. debt holders, surpassing South Korea. With $181.2 billion USD₮ in circulation, Tether holds $6.8 billion excess reserves, including $12.9 billion in gold and $9.9 billion in Bitcoin. CRYPTO INSIDER │ Bybit

Bitcoin breaks the streak: -10% in October The so-called “Uptober” failed to deliver this time — BTC closed the month down over 10%, marking its first negative October in seven years. CRYPTO INSIDER │ Bybit

MicroStrategy earned $2.8 billion in net profit for Q3 2025, while its Bitcoin portfolio brought $3.9 billion in unrealized gains. Despite that, mNAV fell to 1.25, the weakest level since 2023. The firm acquired 42,706 BTC this quarter and predicts a $24 billion annual profit, citing resilience amid crypto market volatility. CRYPTO INSIDER │ Bybit

The StickerX Halloween Drop is LIVE! 🎃 Following the transition to NFT 2.0 and the sticker staking update, all collections are showing strong growth! Now, a new collection is dropping with a blind box mechanism featuring three rarities:

Gem - 350 pieces Amber - 1,400 pieces Classic - 2,694 pieces

The reveal of all packs will happen as soon as the last pack is sold! 👻 Grab yours while they last! 🤩 You can sell them here 🐸 https://t.me/stkrX_bot

Fed cuts rate, but Powell signals pause ahead The Fed dropped rates to 4%, but Powell clarified that another cut isn’t guaranteed. Inflation is only slightly above target, tariffs are pushing prices, and the economy remains steady. Odds of a December cut fell from 90% to 71%. CRYPTO INSIDER │ Bybit

Polymarket Makes a Legal Comeback in the U.S. Following a $1.4 million fine from the CFTC in 2022, Polymarket has acquired licensed exchange QCX and will relaunch in the U.S. later this year. The platform will also introduce its own token, POLY, and distribute it via a community airdrop. CRYPTO INSIDER │ Bybit

👋 StickerX has launched Sticker Staking 🪙 You lock your packs for a period, and they automatically generate points. Farming depends on the market price—the more expensive the collection, the better the percentage ↗️ 👇👇👇 https://t.me/stkrX_bot/

I personally put mine in; let them sit and accumulate. StickerX has proven time and again that the points result in truly generous rewards later on 💎