Hottest Crypto News of the Week October 27-November 2: Fed Cuts Interest Rates by 0.25%, Chairman Powell is Cautious; Ethereum Sets Fusaka Upgrade Completion Date; CZ Announces Buying ASTER Token

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Over the past week, the cryptocurrency market has seen many notable events. Let's take a look back at the hottest Crypto news of the past week with Allinstation!

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CZ announces purchase of ASTER Token

Former Binance CEO – Changpeng Zhao (CZ) – once again made waves in the crypto market when he suddenly Chia that he had just bought Aster Token , a decentralized Derivative exchange (Perp DEX) that has been attracting a lot of attention recently.

Details:Former Binance CEO CZ Announces Buying ASTER Token

CZ says he's ready to invest in 'AI judge assistant' projects

Binance founder Changpeng Zhao (CZ) recently stirred up the technology and cryptocurrency community when he Chia on the X platform (formerly Twitter) an idea called “AI Judge Companion”. This is a project aimed at building artificial intelligence capable of reading and understanding the law, analyzing case law and suggesting judgments for each public case, promising to create a breakthrough in the global judiciary.

Details: CZ Says He's Ready to Invest in 'AI Judge Assistant' Projects

Vitalik Buterin posts praise for ZKsync

On November 1, Vitalik Buterin – founder of Ethereum – made the crypto community excited when Chia a long article by Alex Gluchowski, co-founder of ZKsync, with the title: “Ethereum is now the main Capital center of ZKsync.”

Details: Vitalik Buterin Posts Praise for ZKsync

Stablecoin segment continues to dominate cryptocurrency industry revenue

Stablecoin issuers continue to dominate the majority of revenue across the crypto industry, maintaining a share of 60% to 75% of total daily revenue across key sectors such as decentralized exchanges (DEXs), lending platforms, Collateralized Debt Position (CDPs), and blockchain infrastructure.

Details: Stablecoin Sector Continues to Dominate Cryptocurrency Industry Revenue

Binance will support the exchange of AI16Z Token to ELIZAOS

Binance – the world’s largest cryptocurrency exchange – has just announced that it will support the swap, re-identification and re-branding of ai16z (AI16Z) Token to elizaOS (ELIZAOS). This is XEM an important strategic turning point in the Binance Alpha and Binance Futures ecosystems, marking the effort to renew the brand as well as expand the practical application of this project in the AI ​​and Web3 era.

Details: Binance Will Support Exchange of AI16Z Token to ELIZAOS

Binance Lists Kite (KITE) on Binance Launchpool

Binance has just announced the next Launchpool project, Kite (KITE). Binance users can lock BNB, FDUSD, and USDC to farm KITE starting from 7am on November 1 (Vietnam time) and ending in 2 days. Binance will then list KITE/ USDT, KITE/ BNB, KITE/FDUSD, and KITE/TRY at 8pm on November 3, 2025.

Details: Binance Lists Kite (KITE) on Binance Launchpool

Ethereum Sets Fusaka Upgrade Completion Date

Two days after successfully deploying the final version of the testnet, Ethereum Foundation researchers have officially announced the launch date of the next major upgrade of the Ethereum network – called Fusaka. According to the announcement at the All Core Devs meeting on Thursday, the upgrade will officially activate on the mainnet on December 3, 2025.

Details: Ethereum Sets Fusaka Upgrade Completion Date

DYDX to expand operations into the US market in 2025

Blockchain-based prediction trading platform Polymarket is in early talks with investors to raise more Capital, with an expected valuation ranging from $12 billion to $15 billion, according to Bloomberg. This is XEM the latest step in the startup's meteoric growth since its founding in 2020.

Details: DYDX Will Expand Operations Into The US Market In 2025 With A Valuation Of Up To $15 Billion

AAVE Community Proposes to Spend $50 Million Buying Back AAVE Token Every Year

Decentralized Derivative exchange DYDX is preparing to officially expand its operations into the US market before the end of this year, according to new information published by Reuters. This is XEM an important strategic step in DYDX's global plan, especially in the context of the US under President Donald Trump strongly promoting policies to develop blockchain technology and digital finance.

Details: AAVE Community Proposes $50 Million Annual AAVE Token Buyback

Mr. Trump announced the results of the meeting with Mr. Xi Jinping

President Donald Trump has just attracted global attention when announcing the results of a high-level meeting with Chinese President Xi Jinping. The talks were held in a “positive and constructive” atmosphere, opening up hope for a more stable period in relations between the world’s two largest economies.

Details: Mr. Trump Announces Results of Meeting with Mr. Xi Jinping

Metamask's parent company plans IPO

Blockchain technology company ConsenSys, the “father” of MetaMask – the world’s most popular cryptocurrency wallet – is planning an initial public offering (IPO), according to the latest source from Axios.

Details: Metamask's Parent Company Plans IPO

Fed cuts interest rates by 0.25%, Chairman Powell cautious

In the early morning of October 30, the US Federal Reserve (FED) officially announced a 0.25% interest rate cut, bringing the target interest rate down to 3.75% to 4% - as predicted by analysts and global investors. This decision was made in the context of the US economy showing signs of slowing down, while the administration of President Donald Trump continues to promote policies to stimulate growth and reduce pressure on borrowing costs for businesses.

Details: Fed Cuts Interest Rates by 0.25%, Chairman Powell is Cautious

Trump Media partners with cryptocurrency exchange Crypto.com to launch prediction market platform to compete with Polymarket and Kalshi

Trump Media & Technology Group (TMTG) – owner of the social network Truth Social, backed by President Donald Trump – has just announced a partnership with Crypto.com to launch a global event prediction platform called Truth Predict. This move not only opens a new direction for the social network Truth Social but also marks a turning point for TMTG in expanding into the digital finance and blockchain market.

Details: Trump Media Partners With Crypto.com Cryptocurrency Exchange To Launch Prediction Market Platform To Compete With Polymarket And Kalshi

Solana officially discontinued Saga phone after 2 years of launch

Solana Mobile has just announced that it will stop all software and security updates for its first blockchain phone – Solana Saga, officially ending the product life cycle just over two years after its launch in May 2023. According to the latest announcement from Mars Finance, about 20,000 Solana Saga devices worldwide will no longer be supported from now on.

Details: Solana Officially Discontinues Saga Phone After 2 Years of Launch

S&P downgrades Strategy's credit rating, puts it in the 'junk bond' group

S&P Global Ratings has just announced a “B-” credit rating for Strategy , a company founded by billionaire Michael Saylor , famous for its strategy of holding the world’s largest Bitcoin . With this rating, Strategy is classified as a “junk bond” – a group with high risk and not meeting safe investment standards , but still maintains a stable outlook in the medium term.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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