Bitcoin’s 17th birthday this week reminded the world how far crypto has come, from a 2008 white paper shared during a financial crisis to a $2 trillion asset class.
As trade tensions between the U.S. and China eased, markets briefly rallied, but uncertainty about the Fed kept sentiment cautious. The Crypto Fear & Greed Index ticked up slightly, hinting that optimism isn’t dead yet.
Scroll down for the full weekly recap, from Bitcoin’s milestone to the key market movers shaping crypto’s next breakout.
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TOP CRYPTO NEWS RECAP (October 26 - November 1, 2025)
- ARK Invest Boosts Bullish Bet with $5M Share Purchase
- Elon Musk Reveals “X Chat,” a Bitcoin-Like Encrypted Messenger
- Australian Police Crack $5.9M Wallet Using Coded Seed Phrase
- MEXC Apologizes to ‘White Whale’ Trader, Releases $3M Funds
- dYdX Targets U.S. Market Entry by 2026 with Spot Trading Push
- Senator Questions Binance.US Over USD1 Stablecoin Post-CZ Pardon
ARK Invest Boosts Bullish Bet with $5M Share Purchase
Cathie Wood’s ARK Invest added over $5 million in Bullish shares across its ETFs as the exchange celebrated its U.S. launch. Bullish, now trading under ticker BLSH, secured regulatory approval in 20 states, partnering with BitGo and Nonco. Since going public, Bullish has processed $1.5 trillion in trades and ranks among the top 10 exchanges by Bitcoin and Ethereum volume.
Elon Musk Reveals “X Chat,” a Bitcoin-Like Encrypted Messenger
Elon Musk announced plans for “X Chat,” a standalone messaging app using peer-to-peer encryption inspired by Bitcoin. The app, set to launch within months, promises full privacy with no data sharing or ad tracking — a direct challenge to WhatsApp and Telegram. Musk said X Chat will replace Twitter’s old DM stack and be available on both the X platform and as a separate app.
Australian Police Crack $5.9M Wallet Using Coded Seed Phrase
The Australian Federal Police recovered $5.9 million in crypto by decoding a complex seed phrase hidden in a phone image belonging to an alleged criminal. A data scientist discovered the pattern by removing extra digits from each number group, unlocking the wallet. Authorities hailed the breakthrough as “miraculous work,” preventing the suspect from reclaiming illicit funds after prison release.
MEXC Apologizes to ‘White Whale’ Trader, Releases $3M Funds
Crypto exchange MEXC apologized to pseudonymous trader “White Whale” after freezing $3.1 million of his assets for months. The funds were released following public backlash and a multimillion-dollar online campaign. Despite the apology, traders criticized MEXC’s handling of the issue and lack of accountability. The White Whale pledged to redistribute the recovered funds to supporters and nonprofit causes.
dYdX Targets U.S. Market Entry by 2026 with Spot Trading Push
Decentralized exchange dYdX plans to expand into the U.S. by 2026, offering spot trading for assets like Solana. President Eddie Zhang cited improving regulations under the Trump administration and growing institutional support for DeFi. The move follows a recent governance vote to compensate users after an outage and marks a major step toward U.S. regulatory alignment for decentralized platforms.
Senator Questions Binance.US Over USD1 Stablecoin Post-CZ Pardon
Senator Chris Murphy accused Binance.US of promoting Trump’s USD1 stablecoin days after President Trump pardoned Binance founder Changpeng “CZ” Zhao. Murphy called it “blatant corruption,” urging an investigation into possible political influence. Binance.US denied wrongdoing, saying the listing was a routine business decision. The controversy reignited debate over crypto’s role in U.S. politics and CZ’s controversial pardon.
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