Latest Crypto News and Market Updates – October 21

1. Bitcoin, Ethereum, and Solana Rally Together

The crypto market kicks off the week on a positive note as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) all surge over the weekend.
However, low weekend liquidity makes Monday’s session a true test of investor sentiment.

2. Whale Who Profited $160M Returns to Short BTC

A well-known whale who made $160 million shorting during the October 11 crash has opened another major short position on Bitcoin.
This move has stirred fear in the market, causing a slight dip in BTC’s price early in the session.

3. Mt. Gox Repayment Looms – $2.4B Sell Pressure Incoming?

Mt. Gox is expected to begin repayments to creditors before October 31, potentially adding $2.4 billion in sell pressure.
Although the actual impact may be limited, investor sentiment remains highly sensitive.

4. AI Token $TAO Leads the AI Sector, Hits $9.1B Market Cap

AI token $TAO continues its strong rally, reaching a $9.1 billion market cap, securing its spot as the leader in AI-related crypto projects.
Grayscale remains a key force driving the ongoing “AI hype” across the market.

5. BitMine Quietly Accumulates 380,000 ETH After Dip

Following recent corrections, BitMine has accumulated over 380,000 ETH (around $1.5 billion) through three major purchases.
Most institutional funds continue to accumulate ETH despite its muted price reaction.

6. Michael Saylor Hints at More Bitcoin Purchases

MicroStrategy CEO Michael Saylor teased further BTC acquisitions in a recent “Bitcoin Tracker” update.
The company now holds 61% of the total Bitcoin owned by all publicly traded firms.

7. Jay Chou Loses Millions in Bitcoin After Trusting a Friend

Pop star Jay Chou accuses his friend Tsai Wei-ze of disappearing with tens of millions of dollars in Bitcoin investments.
A familiar lesson resurfaces: “Not your keys, not your coins.”

8. Vitalik Buterin Introduces GKR Protocol – A Breakthrough for Ethereum

Ethereum founder Vitalik Buterin released details on GKR, a multi-layer protocol designed to accelerate ZK proof efficiency.
This development signals a major step forward for Ethereum and ZK Layer-2 ecosystems.

9. Bitcoin and Ethereum ETFs Record Further Outflows

Spot Bitcoin ETFs in the U.S. saw $1.2 billion in outflows last week, while Ethereum ETFs lost another $310 million.
ETF flows remain a critical indicator of overall market stability.

10. Polymarket Plans to Launch Its Own Token in 2026

Sources reveal Polymarket is preparing to launch its native token in 2026, once the U.S. market reopens.
Investors are already seeking opportunities to “farm” potential rewards ahead of the launch.

Summary

The crypto market on October 20, 2025, faces a psychological stress test, with large capital movements, macroeconomic shifts, and promising signals from the AI and Ethereum sectors.
Investors should closely monitor ETF flows and whale activity to anticipate the next market trend.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.