Sequans Communications sold 970 BTC to redeem 50% of its $189 million convertible debt, reducing outstanding obligations to $94.5 million. The IoT semiconductor firm's remaining treasury holds 2,264 BTC, valued at approximately $240 million. Bitcoin trades near $102,000, down 2.45% in 24 hours, with technical indicators showing a descending wedge pattern and RSI at 31.

Stream Finance suspended operations after a $93 million loss tied to an external asset manager exploit. The incident caused its xUSD stablecoin to depeg to $0.30, prompting concerns among XRP community members about indirect exposure through Midas's mXRP vaults.

Bitcoin dropped 10% over the past week to retest $100,000, recording its weakest 30-day performance against the Nasdaq since July 2024. Despite bearish sentiment following October's $20 billion deleveraging event, easing monetary policy, potential 401(k) crypto access, and increased bank participation suggest the decline represents consolidation rather than a cycle peak, according to K33 Research.

Canada's Department of Finance unveiled a stablecoin regulation proposal in its 2025 budget plan requiring issuers to maintain adequate reserves and clear redemption policies. The Bank of Canada will allocate $10 million for implementation in fiscal years 2026–2027, with $5 million annual operating costs funded by issuer fees under the Retail Payment Activities Act.

Ethereum is trading above $3,300 after briefly touching the $3,000 support level on Tuesday. The second-largest cryptocurrency by market capitalization has declined 17% over the past seven days. Technical indicators suggest a potential rebound toward $3,600 if key support levels hold.

Tokyo-listed Metaplanet withdrew $100 million on October 31 from its $500 million Bitcoin-backed credit facility. The loan represents approximately 3% of the company's $3.5 billion BTC reserves. Proceeds will fund additional cryptocurrency acquisitions, expand options trading operations, and potentially support share repurchases.

Bitcoin fell below $100,000 this week, pushing the Fear & Greed Index to 21 and erasing bullish forecasts in the $150,000–$200,000 range. Despite the sharp drop in investor confidence, on-chain data shows network fundamentals remain solid. Exchange withdrawals have increased, hash rate holds near 1.1 ZH/s, and $10.7 billion in stablecoins flowed into Binance, indicating the decline reflects sentiment rather than structural weakness.

The White House said President Donald Trump's pardon of Binance founder Changpeng Zhao followed a comprehensive review by the Department of Justice and White House Counsel's Office. Press Secretary Karoline Leavitt stated the clemency decision adhered to standard procedures applied to all pardon requests. Zhao pleaded guilty in November 2023 to Bank Secrecy Act violations and served a four-month sentence from April through September 2024.