dYdX plans U.S. launch by year-end as crypto rules ease under Trump

Binance is facing backlash after President Trump pardoned its co-founder, Changpeng Zhao, leading to accusations of political payback. Critics, especially among Democratic lawmakers, are concerned about the timing of Binance.US's listing of USD1, a stablecoin associated with Trump's family. This situation raises questions about the intersection of politics and cryptocurrency, highlighting the potential implications for regulatory scrutiny and public trust in digital finance.

dYdX, a leading decentralized cryptocurrency trading platform, is set to enter the US market by the end of the year, thanks to favorable changes in crypto regulations under the Trump administration. Eddie Zhang, the president of dYdX, highlighted that this expansion is crucial for the platform's future, marking a significant step in its growth and accessibility for US users.

In today's Asia Morning Briefing, Bitcoin has reached a staggering $109,000, but the excitement is tempered by fading demand for U.S. ETFs and a hawkish tone from Federal Reserve Chair Jerome Powell, which is impacting risk assets. This situation is significant as it highlights the volatility in the cryptocurrency market and the broader implications for investors who are navigating uncertain economic conditions.

Uphold has just launched a new debit card in the US that offers users rewards in XRP, along with an impressive earning potential of up to 10%. This innovative financial product not only enhances the usability of cryptocurrency in everyday transactions but also incentivizes users to engage more with digital assets. As the adoption of cryptocurrencies continues to grow, this card could play a significant role in bridging the gap between traditional finance and the crypto world.

DYdX is making exciting plans to enter the US market by 2026, as announced by President Eddie Zhang. This decentralized exchange aims to offer spot trading for cryptocurrencies, which could significantly enhance trading options for users in the US. This move is important as it reflects the growing acceptance and integration of cryptocurrency platforms in mainstream finance, potentially attracting more investors and traders to the market.

Coinbase has reported a significant profit of $432.6 million in Q3 2025, driven by increased trading volumes due to crypto market volatility and supportive policies from Trump. This growth is noteworthy as it highlights the resilience of the cryptocurrency market and the potential for continued investment and trading activity, making it an important development for investors and the broader financial landscape.

The price of Sei crypto has taken a significant hit, dropping over 7% today after its listing on Robinhood, a major trading platform valued at $125 billion. This decline is particularly concerning as Sei's token has plummeted more than 50% from its peak in August, raising questions about its future performance. Investors are left wondering if this downturn is temporary or indicative of deeper issues within the crypto market.

Heather Morgan, known as 'Razzlekhan', has claimed that former President Trump commuted her prison sentence, a move that has sparked significant interest. This development is noteworthy as it highlights the ongoing discussions around criminal justice and the influence of political figures in legal matters. Morgan's case, tied to cryptocurrency and fraud, raises questions about accountability and the implications of such high-profile interventions.

Strategy, formerly known as MicroStrategy, has reported an impressive $2.78 billion profit in Q3 2025, showcasing the effectiveness of its Bitcoin-focused treasury strategy. With a substantial holding of 640,808 BTC, valued at $47.4 billion, the company's unrealized gains highlight Bitcoin's growing role as a preferred corporate reserve asset. This news not only reinforces the bullish narrative surrounding Bitcoin but also boosts confidence in altcoins like $HYPER, which are benefiting from this positive momentum.

BNB Chain has recently surpassed TRON, becoming the leading network for stablecoin transactions with over 190 million users. This growth is largely driven by increased decentralized exchange (DEX) activity and Binance's trading incentives. Analysts from ARK Invest highlight that while BNB Chain's success is notable, the overall market is becoming more fragmented, which could impact future developments. This shift is significant as it reflects the evolving landscape of blockchain technology and user preferences.

Zcash has made headlines by reaching an 8-year high, overtaking Monero to become the leading privacy coin with a market cap of $6.2 billion. This surge, driven by a remarkable 45% rally, showcases Zcash's resilience in a challenging crypto market and follows a bullish price target of $10,000 set by notable figure Hayes. This development is significant as it highlights the growing interest and investment in privacy-focused cryptocurrencies, which are becoming increasingly relevant in today's digital landscape.

Zcash's ZEC is currently experiencing a rally, but analysts are cautioning that it may face a significant pullback of around 30% towards the $260–$270 support zone in November. This situation is important as it highlights the volatility and unpredictability of the cryptocurrency market, making it crucial for investors to stay informed about potential price movements.

Binance's recent announcement to support the AI16Z token's transformation into ELIZAOS marks an exciting development in the world of cryptocurrency. This move not only highlights Binance's commitment to fostering innovative projects but also signals a shift towards next-generation AI-powered token ecosystems. As the crypto landscape evolves, this token swap could pave the way for new opportunities and advancements in the industry.

The recent decline in Bitcoin's price, which has dropped over 10% this October, marks a significant deviation from historical trends where the cryptocurrency typically sees gains during this month. This downturn follows the failure of the expected 'Uptober' rally, raising concerns among investors about the future trajectory of Bitcoin. Understanding these fluctuations is crucial as they can impact market sentiment and investment strategies.