Crypto Markets Steady Ahead of US-China Summit

Bitcoin holds above $114K as markets await the Trump-Xi meeting; ETFs see inflows, and Solana ETF gains momentum.
Crypto News Morning
Bitcoin market performance October 29 2025

Market Performance

Asset / Index Value ($) Daily Change (%)
Bitcoin (BTC) 114,240.0 +0.08%
Ethereum (ETH) 4,122.03 +0.05%
Bitcoin Spot ETF +149.3M Net Inflow
Ethereum Spot ETF +133.9M Net Inflow
Nasdaq (NAS100) 25,827.7 −0.11%
S&P 500 (SPX) 6,875.15 +1.23%
Russell 2000 (RUT) 2,516.6 −0.21%
U.S. Dollar Index (DXY) 98.702 −0.10%
VIX Volatility Index (VIX) 15.91 +0.70%
U.S. 10-Year Treasury Yield (US10Y) 3.981 −0.15%
Brent Crude Oil (BRENT) 64.765 −0.42%
LBMA Gold (XAU) 3,925.105 −1.43%
LBMA Silver (XAG) 46.3455 −1.18%

“Prepared at UTC 07.35am”

Today’s Key Events

  • U.S. Consumer Confidence Index
  • NVIDIA GTC – Jensen Huang opening speech
  • PayPal Holdings Inc Earnings Report
  • Bitwise plans to launch Solana-backed ETF BSOL
  • Canary Capital plans to list Litecoin ETF and HBAR ETF on Nasdaq.

“Friendly” Signals Ahead of China-US Leaders Summit

Chinese Foreign Minister Wang Yi, in a meeting with his US counterpart Marco Rubio, called for creating a “constructive atmosphere” ahead of the APEC Summit. Wang emphasized that the long-term communication between the two leaders is the “most valuable strategic asset” of the relationship between the two countries. It was reported that mutual understanding and a framework agreement were reached during the trade negotiations in Kuala Lumpur.

Trump May Suspend China Trade Investigation

President Donald Trump said he may suspend the investigation into whether China violated the Phase One Trade Agreement. He stated that the final decision would depend on the leaders’ meeting. U.S. Trade Representative Greer said only the President would decide whether the investigation would continue.

Fed Chair Candidate List Narrowed Down to Five

U.S. Treasury Secretary Scott Bessent announced the final five candidates for Federal Reserve chair: Waller, Bowman, Hassett, Warsh, and Riedel. The final list of candidates is expected to be presented to Trump after Thanksgiving, with second interviews to be held before the end of the year.

China Central Bank to Resume Bond Purchases

People’s Bank of China Governor Pan Gongsheng announced that open market bond operations will resume as stability returns to the government bond market. Pan noted that new mechanisms are being developed to provide liquidity to non-bank institutions to prevent market imbalances.

EU-China Rare Earth Elements Talks on Thursday

The European Union and China will meet on Thursday to discuss restrictions on rare earth elements trade. The talks aim to ease export restrictions and reduce trade tensions. The EU also plans to increase its negotiating power by preparing retaliatory measures against China.

Ukraine to Present Ceasefire Draft Within 10 Days

Ukrainian President Volodymyr Zelensky announced that his team will prepare a ceasefire plan within the next 7–10 days. The plan includes the procurement of “Tomahawk-like” short-range missile systems to put pressure on Russia.

Russia Tests New Nuclear Missile

Kremlin adviser Ushakov confirmed that preparations for a possible meeting between Putin and Trump are ongoing, but said no date has been set. Meanwhile, Russia announced the successful test of its 14,000 km range nuclear-powered “Burevestnik” cruise missile. Trump called the test “an unnecessary provocation.”

Prenetics Global Raises $48 Million in Bitcoin Treasury Funding

Nasdaq-listed health sciences company Prenetics Global raised $48 million to expand its Bitcoin treasury strategy and support the growth of its supplement brand IM8. The company stated that this oversubscribed equity round will accelerate its digital asset integration plans.

CZ: YZi Labs is a Minority Investor in Opinion but Will Provide Strategic Support

CZ stated in a post on the X platform that YZi Labs is a minor investor in the prediction market Opinion but will actively provide support to increase its strategic value. CZ emphasized that this collaboration will contribute to the ecosystem in the long term.

Bitcoin Purchases by Publicly Traded Companies Have Declined

According to Cointelegraph, Bitcoin purchases by public companies have fallen to their lowest levels of the year since October 11. Coinbase Research Head David Duong noted a “noticeable pause” in institutional reserve purchases following the recent market downturn.

BULK Launches Points Program in Solana Ecosystem

Solana-based decentralized contract exchange BULK has launched a new points program where users earn rewards by staking $SOL. Although not officially announced, co-founder kdot’s emphasis on the term “POINTS” is seen as confirmation of the program.

Metaplanet Launches Share Buyback Program

Japanese Bitcoin treasury company Metaplanet has launched a share buyback program to increase capital efficiency and maximize BTC returns. The company stated that the share price does not reflect its true value due to market volatility.

US Senators Propose Ban on Trump and Family’s Crypto Transactions

US Representative Ro Khanna announced his support for a bill that would ban President Trump, his family, and all elected officials from engaging in crypto and stock transactions to prevent conflicts of interest.

Musk Competes with Wikipedia with “Grokipedia”

Elon Musk’s new online encyclopedia “Grokipedia,” powered by the Grok engine developed by $xAI, has been launched. The platform currently has over 800,000 articles written by artificial intelligence, and Musk said the project will be an alternative to Wikipedia.

World Liberty Financial Burns 175 Million WLFI

World Liberty Financial announced early this morning that it burned 175 million WLFI tokens worth a total of $26.72 million. This move is part of the company’s strategy to reduce its token supply and support its value.

Sky Protocol Completes Buyback with 80 Million USDS

Sky Protocol has repurchased 1.25 billion SKY tokens to date, spending 80 million USDS. This amount represents 4.6% of the total supply and reinforces its supply reduction policy.

VanEck Submits Sixth Amendment for Spot Solana ETF

VanEck submitted its sixth S-1/a revision for the spot Solana ETF to the SEC. The new document updated the application status to “effective” and maintained the management fee at 0.3%.

Canary Capital to List Litecoin and HBAR ETFs on Nasdaq

Canary Capital announced on Tuesday that it plans to list its Litecoin ETF and HBAR ETF on Nasdaq. This move aims to increase ETF diversity in alternative crypto assets.

Grayscale Launches Staking Support for Solana Trust

Grayscale announced that the Grayscale Solana Trust (GSOL) fund now supports staking functionality in some broker accounts in the US. This step aims to increase investor returns on the Solana fund.

Streamex Forms Strategic Partnership with Chainlink

NASDAQ-listed Streamex Corp. (STEX) announced that it has formed an official strategic partnership with Chainlink. Chainlink will serve as the company’s official oracle provider and on-chain transparency solution partner.

Monad: Airdrop Results to Be Announced Tomorrow

Monad announced via the X platform that the airdrop distribution results will be announced tomorrow. Users will be able to view the airdrop details via the official website and on-chain wallets.

 

⚠️ Disclaimer: This content is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk. Always do your own research before making decisions. Darkex is not liable for any financial losses.
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