Digital asset markets are experiencing a notable resurgence, with Bitcoin reclaiming the $110,800 level, marking a 1% increase. Ethereum follows suit, rising 2% to $3,940, while BNB and Solana advance 2% and 1% to $1,120 and $191 respectively. Leading the altcoin surge are MYX, VIRTUAL, ZEC, and WLFI, each posting double-digit gains. This upward momentum coincides with renewed optimism in traditional markets ahead of the scheduled October 30th diplomatic meeting between former President Donald Trump and Chinese leader Xi Jinping in South Korea.
Institutional adoption continues to accelerate as JPMorgan unveiled plans to accept Bitcoin and Ethereum as collateral for institutional lending services. In a landmark development, former President Trump granted a presidential pardon to Binance founder Changpeng ‘CZ’ Zhao, signaling potential regulatory shifts. Market analysts noted a significant whale position closing a $200 million Bitcoin short on Hyperliquid, reportedly netting over $100 million in lifetime profits.
European expansion continues with Revolut securing a MiCA license in Cyprus, with company representatives indicating potential stablecoin developments. Hardware wallet manufacturers are advancing security offerings, with Ledger introducing its redesigned Nano Gen 5 device featuring input from renowned designer Susan Kare, while Trezor launched its ‘quantum-resistant’ Safe 7 wallet, emphasizing next-generation security protocols.
