KLEA Crypto Daily: Tuesday, October 21, 2025
Here’s a look back at the key stories from October 21, 2025.
Fed Explores Payment Account That Could Pull Crypto Into the Heart of US Finance
The Federal Reserve is exploring a new "payment account" framework that could provide fintechs and crypto firms with easier access to core payment systems, potentially revolutionizing blockchain integration in U.S. finance.
Kadena Shuts Down Amid Crypto Bear Market, Token Nosedives
Kadena, a blockchain once seen as Wall Street's bridge to crypto, is ceasing operations due to unfavorable market conditions. This move has led to a significant drop in the value of its KDA token, showcasing the challenges faced by even well-funded blockchain projects in the current crypto cycle.
Bitcoin Climbs to $113K on the Heels of $8.5B US-Australia Rare Earths Deal
Bitcoin surged to $113,000 following a major $8.5 billion rare earths agreement between the US and Australia. This development comes amidst China's efforts to expand export controls on critical minerals.
Crypto and Fintech Groups Challenge Bank Opposition to CFPB’s Open Banking Rule
A coalition of crypto, fintech, and retail industry groups is urging the U.S. federal government to protect the open banking rule from major banks' attempts to restrict data access, warning of potential innovation stifling in digital assets and stablecoins.
Galaxy Digital Profit Soars 1,546% as AI, Trading Units Surge
Galaxy Digital reports a record quarter with profits up 1,546% to $505 million, driven by trading volumes, treasury inflows, and AI business gains, reflecting a strong institutional interest in crypto exposure.
British Columbia Wants to Permanently Ban New Crypto Mining Sites
British Columbia plans to ban new cryptocurrency mining operations to protect clean energy for sectors generating jobs and growth, a move that could impact the crypto mining industry significantly.
Bitcoin Whales Quietly Embrace BlackRock ETF Following SEC Rule Change
Major Bitcoin holders are shifting billions into ETFs like BlackRock's IBIT, indicating a new phase of institutional adoption in the cryptocurrency market, potentially influencing market dynamics and investor behavior.
Galaxy Stock Jumps on 140% Trading Volume Increase in Q3
Galaxy's stock sees a significant jump following a 140% increase in trading volume in Q3, with an 80,000 Bitcoin sale contributing to the surge.
Flare Becomes the Leading EVM DeFi Ecosystem for XRP as FAssets Launch Fuels XRPFi Growth
Flare Network emerges as the top EVM-compatible DeFi ecosystem for XRP, experiencing rapid growth with the launch of FAssets and FXRP, attracting significant total value locked and establishing itself as a core hub for XRP-based DeFi activities.
DOJ Seizes $15 Billion in Bitcoin in Cryptocurrency Fraud Scheme
The US Department of Justice (DOJ) unsealed an indictment charging Cambodian national Chen Zhi, founder and chairman of Prince Holding Group, with wire fraud conspiracy and money laundering conspiracy.
Coinbase Acquires Crypto Fundraising Platform Echo for $375 Million
Coinbase makes a significant move by acquiring Echo, a blockchain fundraising platform, for approximately $375 million in cash and stock, as part of its efforts to expand infrastructure across token creation, fundraising, and secondary trading.
S&P 500 Opens Little Changed, Nasdaq Declines 0.1%
The S&P 500 opened with minimal changes, while the Nasdaq experienced a 0.1% decline, reflecting the current market conditions.
Bitcoin Price Watch: $109K Holds—But Is It Enough to Signal a Reversal?
Bitcoin traded within the range of $108,463 to $109,421, with a market capitalization of $2.16 trillion and trading volume of $58.95 billion. The market is closely watching for signs of a potential reversal.
Fuse, Solid, and Bridge Announce the First-Ever Visa Card on Fuse
Fuse Network, in collaboration with Bridge and Visa, introduces the Solid Card, the first Visa card on Fuse blockchain. This milestone enhances the integration of decentralized finance (DeFi) with practical applications, enabling users to earn returns and access funds seamlessly.
ARK 2025 Consensus Summit Concludes — Dr. Ippolito Unveils Treasury Transfer Proposal
The ARK 2025 Korean Community Consensus Conference marks a significant step towards decentralized co-governance, emphasizing the role of algorithms and consensus in shaping civilization. The event showcased a collective effort to demonstrate governance by citizens and trust safeguarded by code.
Crypto Market Recovers as Liquidity Returns
Following a period of volatility, the global crypto market has shown signs of recovery with a 4% increase in total market capitalization in the past 24 hours. This resurgence indicates renewed market confidence and the return of liquidity to major digital assets like Bitcoin and Ethereum.
ED Freezes Rs 2,385 Crore in Crypto Assets Linked to OctaFX Scam
The Enforcement Directorate (ED) has frozen cryptocurrency assets worth Rs 2,385 crore linked to the alleged OctaFX scam in India. This move is part of a broader investigation into one of the country's largest online trading frauds, involving illegal foreign exchange trading platforms and significant investor deception.
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Source: KLEA News