DailyCryptoNews — Oct 30, 2025
What’s good out there in the Ether? day before Halloween folks. Here’s your daily dose of pure, onchain chaos.
Markets took a hit as Fed Chair Powell hinted the 25-point rate cut might be the last of 2025. Bitcoin and Ethereum both dipped on the news — a reminder that even with all the institutional adoption narratives, macro still runs the show. But while prices cooled, something else heated up: the existential crisis hitting crypto media as independent creators eat traditional outlets’ lunch.
Thanks to the commenters for wishing me well on my milestone. My life just got a little more decentralized. There is no longer one-validator pursuing my consensus, if you know what I mean.
Someone asked for an opinion on CZ getting pardoned by Trump. Look, this is par for the course with Trump. Where under Biden and the Dems the grift is bit more behind closed doors, with Trump, he just whips the underbelly out and exposes what’s inside.
So what do I think about CZ? Well, he’s no worse than the bankers who launder money for illicit activity, or the churches that launder mafia money. In all honesty, I lean more toward the quote from George Carlin, which says we should be going harder in on this white collar crime. “But white collar, blue collar, it doesn’t matter what color shirt you wear, they own you and don’t give an F about you.” Crypto still embodies some glimpse of that dream to lift yourself, but has that fleeting image vanished?
To me, that’s why in crypto it’s super important who we take our signals from. It’s the same in society. Now, I’m philosophizing, but that’s why I think Kanye is one of the most positively polarizing figures in modern culture. He exposes that same underbelly. Watch early documentaries on him. See how hard and brutally the industry tried to destroy and rob his talent from him. I can empathize with someone who believes they are in the midst of a battle for self-preservation. But now, he’s gone to the other extreme and exposed the underbelly. Or he’s just bipolar, which is a whole other talk about mental health in our society. Polarizing stuff.
The headlines for OCTOBER 30:
Blockworks Shuts Down News Division — Crypto Media’s Reckoning Arrives
Mastercard Drops Nearly $2B on Zerohash — TradFi Goes All-In on Stablecoin Infrastructure
Ethereum Hits ATH in Activity While Gas Fees Stay Dirt Cheap — Scaling Finally Works
China’s Stablecoin Crackdown Cuts Solana Event Short — The Great Regulatory Divergence Intensifies
Monad TGE Concludes as Three-Day Airdrop Reveal Unfolds — Airdrop Season Heats Up
BEYOND THE HEADLINES
Blockworks Shuts Down News Division — Crypto Media’s Reckoning Arrives
One of crypto’s prominent media outlets is reportedly closing its news operation, marking the latest casualty in the industry’s media consolidation crisis
The problem: same squeeze hitting legacy media, but worse — an industry full of misdirects where high-follower-count creators can launch their own media without paying for rent, healthcare, or editorial staff
Meanwhile, TradFi media like Bloomberg and Forbes have crypto subdivisions that tap existing subscriber bases and are more skeptical about what’s “news” versus native advertising
Mastercard Drops Nearly $2B on Zerohash — TradFi Goes All-In on Stablecoin Infrastructure
Mastercard is reportedly acquiring Zerohash for close to $2 billion in one of the biggest crypto infrastructure deals ever
Exclusive in Fortune by Ben Weiss + Leo Schwartz
Zerohash provides white-label crypto infrastructure that powers payments and trading for major financial institutions — this is backend plumbing, not speculation
This isn’t a “we’re exploring blockchain” press release — it’s a conviction play that stablecoin payment rails will become critical infrastructure for global finance
When Mastercard writes a $2B check for crypto infra, the “is crypto real?” debate is officially over
Ethereum Hits ATH in Activity While Gas Fees Stay Dirt Cheap — Scaling Finally Works
Ethereum just hit all-time highs in both transaction count and active addresses while gas fees remain near historic lows
The “high usage, low fees” combo everyone promised is actually here — L2s are delivering on the scaling roadmap
Plot twist: network usage is mooning while spot ETF demand is slipping, showing disconnect between retail/developer activity and institutional flows
Ethereum’s not just alive — it’s busier than ever, and cheaper than it’s been in years. That’s the scaling thesis actually working
China’s Stablecoin Crackdown Cuts Solana Event Short — The Great Regulatory Divergence Intensifies
Beijing issued fresh stablecoin warnings that created enough unease to prematurely end a Solana conference in China
Latest sign China is doubling down on crypto restrictions even as Western institutions and traditional finance firms move opposite direction
Creates regional fragmentation where developers and capital must pick sides in an increasingly bifurcated global market
The West tokenizes everything while China builds walls — and the crypto industry has to navigate both simultaneously
Monad TGE Concludes as Three-Day Airdrop Reveal Unfolds — Airdrop Season Heats Up
Monad’s token generation event became the main topic of conversation across Crypto Twitter as its three-day airdrop reveal kicked off
The high-throughput EVM-compatible L1 has been one of the most anticipated launches, with farmers who’ve been grinding testnet for months finally seeing if it pays off
OpenSea volumes spiked 60% on the same day amid renewed SEA token airdrop rumors, while MetaMask rolled out a 7-level loyalty program with points for swaps, perps, and referrals
TL;DR: While institutions talk compliance and infrastructure, degens are making it rain with airdrops — and the farming meta is alive and well heading into Q4
LITTLE BITZ
ConsenSys (MetaMask) plans IPO with JPMorgan and Goldman Sachs backing — Web3 infrastructure going public with blue-chip TradFi underwriters; legitimacy unlock incoming.
Telegram launches Cocoon AI compute network — Decentralized GPU network where owners earn TON tokens; Telegram becomes first major user of its own infrastructure.
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