Latest Crypto News and Market Updates – October 24

1. Bitcoin, Ethereum, and Solana Continue to Decline – Market Remains Weak

This period is still a “swing season” with no clear price direction. Shares of U.S. crypto-related companies also dropped overnight, reflecting a growing risk-averse sentiment.

2. Macroeconomic Instability Persists

The U.S. government remains in a prolonged shutdown. Secretary of State Antony Blinken announced that Washington will unveil a “major new sanctions package” against Russia within the next 24 hours.

3. Prediction Market Heats Up

Limitless (LMTS) completed its TGE with a fully diluted valuation (FDV) of $340 million. Polymarket is valued at around $12–15 billion, while Kalshi is reportedly in talks at a $10 billion valuation.

4. Whale “1011 Insider” Holds $140 Million Bitcoin Short Position

Using 10× leverage, the trader partially closed positions last night, causing BTC to bounce slightly. Total profit is now close to $70 million.

5. Fear & Greed Index

Currently stands at 28 (Fear), down from 31 on October 11 — showing that market sentiment remains deeply pessimistic.

6. MET Token Drops Over 10% Before Listing

Spot trading officially begins today. Founder Chow faces a class-action lawsuit over alleged scams involving meme coins MELANIA and LIBRA.

7. Aptos (APT) Secures $500 Million Investment from BlackRock’s BUIDL Fund

Aptos now ranks third in RWA asset scale, yet its price remains stagnant — signaling weak investor confidence.

8. AI Trading Showdown

The DeepSeek system leads with +$300 profit, while ChatGPT records a –$7,000 loss. Meanwhile, the satirical token SHARKS on the BSC network unexpectedly hit a $10 million market cap.

9. Eric Trump Makes Headlines with Comment on Michael Saylor

“Michael Saylor once told me to mortgage Mar-a-Lago to buy Bitcoin. He’s the kind of guy who’d tell you to sell your liver and kidneys for BTC — and maybe he’s right.”

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.