Crypto News Today, October 23 – Crypto Markets Hold Steady With BTC at $109K as Traders Await CPI Data and Trump–Xi Talks: Next Crypto to Explode?

Bitcoin and Ethereum are trading in tight ranges this morning as traders await Friday’s U.S. CPI report — the only major data release unaffected by the ongoing government shutdown. With macro uncertainty lingering, investors are watching for clues on inflation, trade policy, and the next crypto to explode amid muted volatility.

Bitcoin
BTC

$109,937.30

1.39%

Bitcoin
BTC

Price

$109,937.30

1.39% /24h

Volume in 24h

$61.60B
<!–
?
–>

Price 7d

Learn more

is currently trading at $109,682, up 1.29% in the last 24 hours but still down 0.75% on the week.

Ethereum
ETH

$3,850.20

0.33%

Ethereum
ETH

Price

$3,850.20

0.33% /24h

Volume in 24h

$35.90B
<!–
?
–>

Price 7d

Learn more

follows with a 0.75% daily rise at $3,894, marking a 2.59% weekly loss. The total crypto market cap now sits at $3.69 trillion, up 1.3%, while the “Fear & Greed Index” shows 28 – Fear, suggesting traders remain cautious.

Meanwhile,

BNB
BNB

$1,116.92

2.19%

BNB
BNB

Price

$1,116.92

2.19% /24h

Volume in 24h

$4.81B
<!–
?
–>

Price 7d

Learn more

leads today’s top performers among majors, climbing 4.04% to $1,113, extending its 5.8% weekly gain following new integrations on Polymarket and Robinhood.

Hyperliquid
HYPE8

$39.42

10.60%

Hyperliquid
HYPE8

Price

$39.42

10.60% /24h

Volume in 24h

$574.04M
<!–
?
–>

Price 7d

Learn more

also shines, surging 11.77% in 24 hours.

EXPLORE: 20+ Next Crypto to Explode in 2025

ETFs Record Outflows as Markets Await CPI – Which Could Be the Next Crypto to Explode?

On October 22, U.S. spot Bitcoin ETFs saw total net outflows of $101 million, though BlackRock’s IBIT bucked the trend with $73.6 million in inflows. Ethereum ETFs also recorded combined outflows of $18.7 million, except for BlackRock’s ETHA, which gained $111 million in inflows. Analysts suggest ETF flows are likely to remain muted until the CPI data is released, potentially reigniting price momentum across major crypto.

On October 22, U.S. spot Bitcoin ETFs recorded a total net outflow of $101 million, while BlackRock’s IBIT saw a net inflow of $73.63 million. Spot Ethereum ETFs had a total net outflow of $18.77 million, with BlackRock’s ETHA being the only fund to post inflows, totaling $111… pic.twitter.com/SyjVnSaHYd

— Wu Blockchain (@WuBlockchain) October 23, 2025

DISCOVER: Massive Token Unlock Ahead: LINEA Price Prediction

Trump–Xi Tensions Add to Market Caution

Geopolitical uncertainty is also weighing on sentiment. The planned Trump–Xi summit faces growing doubt as Washington and Beijing trade accusations over escalating tariffs and export controls. China’s expanded restrictions on rare earths and the U.S. response have stirred fresh volatility fears, threatening the fragile trade truce between the two nations.

POTUS: “I’ll be meeting with President Xi of China. We have a pretty long meeting scheduled. We can work out a lot of our questions and our doubts, and our tremendous asset together. So we look forward to that.” pic.twitter.com/qXtRNucjSl

— Trump War Room (@TrumpWarRoom) October 22, 2025

For now, crypto markets remain in a holding pattern — but with BNB and HYPE leading short-term gains, traders are keeping an eye out for the next crypto to explode as macro catalysts line up.

6 hours ago

According to WSJ, Trump has pardoned convicted Binance founder Changpeng Zhao

By Fatima

Insiders say Donald Trump signed the pardon on Wednesday, granting clemency to Zhao, the founder of Binance, who was convicted and served a prison term. The White House press secretary, Karoline Leavitt, stated: “Trump exercised his constitutional authority to pardon Mr. Zhao, who was prosecuted in the Biden administration’s crypto war.”

She added, “The Biden administration’s war on crypto is over.” Earlier, Trump had expressed sympathy toward Zhao and others who claimed they were victims of political persecution.

7 hours ago

Meteora Airdrop Goes Live: MET Holds $610M FDV Despite 36% Drop

By Fatima

The long-awaited Meteora (MET) airdrop officially launched on October 23, marking one of Solana’s biggest DeFi events of 2025. Meteora, which manages 26% of Solana’s DEX market share and $829 million in TVL, released 480 million MET tokens, 48% of its total supply, with no vesting period.

Despite fears of a post-airdrop crash, MET is trading at $0.61, giving it a $610 million fully diluted valuation (FDV) and confirming pre-launch expectations that it would stay above $500M. Traders now watch closely to see if, once airdrop sellers exit, MET could become the best crypto to buy this quarter.

MET is now live on https://t.co/mQnTcLFYwg

Trade instantly on Jupiter, Moonshot, Phantom, Binance Alpha, OKX Wallet and more.

CEXes go live 2PM UTC Bybit, OKX and more.

The push toward a tokenized future begins with the LP Army, Meteorites and partners. pic.twitter.com/QJETGFcwxK

— Meteora (@MeteoraAG) October 23, 2025

9 hours ago

Kraken’s Tokenized Equities Platform Surpasses $5 Billion in Trading Volume

By Fatima

Kraken has revealed that its tokenized equities platform has now passed a total of $5 billion in trading volume. Alongside that, the company said revenue from the product has doubled, showing real user activity rather than just occasional testing.

This milestone isn’t just a nice round number. It points to a genuine interest in tokenized stocks and signals that this part of Kraken’s business is starting to scale incredibly.

What Kraken’s Equity Tokens Actually Do

The platform lets users trade tokenized versions of U.S. equities and ETFs. These aren’t shares in the traditional sense, but digital representations that aim to mirror the performance of real stocks. The benefit is that people can trade them during extended hours, something not usually possible with traditional brokerages.

Kraken’s Tokenized Equities Platform Surpasses $5 Billion in Trading Volume today — Source: Shutterstock

For users, it means access to familiar companies, but through a blockchain layer that offers more flexibility and potentially fewer restrictions. With revenue doubling, it looks like traders are returning regularly, not just poking around once and leaving.

Read The Full Article Here

11 hours ago

A U.S. Class-Action Lawsuit Accuses Meteora Founder Benjamin Chow of Leading the “MELANIA” and “LIBRA” Meme Coin Scams

By Fatima

A new U.S. class-action lawsuit accuses Meteora founder Benjamin Chow of orchestrating the “MELANIA” and “LIBRA” meme coin scams, alleging that Melania Trump and Argentine President Javier Milei were used as promotional fronts rather than active participants.

According to the filing, Chow coordinated at least 15 pump-and-dump tokens with Kelsier Ventures and the Davis family, using high-profile names to attract investors before insiders allegedly dumped their holdings. The complaint claims investors were misled by social-media promotions linking the coins to public figures, driving prices artificially higher.

In a key development, a U.S. judge has unfrozen $57.6 million USDC connected to the case, signaling the court’s intent to proceed with asset tracing.

Legal experts say the case could set an important precedent for how celebrity-themed crypto projects and meme coin promotions are treated under U.S. securities and fraud laws.

12 hours ago

Bitcoin ETFs Are Buying The Fear Ahead of FOMC: Whales Target BTC L2 and BTC USD Price Braces For US Jobless Claims

By Fatima

Holding Bitcoin right now is hoping that the BTC USD price will weather the wave of selling seen in the past few days. True, it has never been the same since the decimation of October 10.

The good news is this: Every day, there is a macro event, a news feed that prop up prices. The Bitcoin price is tight above $105,000, and at some point this week, the BTC USD price spiked to as high as $113,000. This leg up is the kind of price action everyone wants to see.

On Coingecko, Bitcoin bulls are confident. Although prices are relatively stable, the losses of the past week have yet to be fully reversed. What’s needed is a solid, high-volume close above this week’s high for that light to illuminate the entire crypto scene.