Bitcoin News Today: Institutional Giants Fuel Crypto's Mainstream Takeover as Bitcoin, Ethereum Soar

The cryptocurrency market is experiencing a wave of institutional and technological developments that analysts are calling the most bullish update for Bitcoin and Ethereum in recent years. From major corporate acquisitions to blockchain-based payment systems, the convergence of traditional finance and digital assets is accelerating, signaling renewed confidence in the sector's long-term potential.

JPMorgan recently highlighted that CoreWeave's $20.40-per-share acquisition of Bitcoin miner Core Scientific sets a new valuation floor for the industry, though the bank cautioned the deal's terms are likely a "one-off" scenario, according to a Coindesk report. The transaction, valued at approximately $2.4 billion, underscores growing institutional interest in Bitcoin mining infrastructure. B.Riley also adjusted its stance on Core Scientific, downgrading it to "neutral" while maintaining a $17 price target, reflecting volatility in the sector.

Institutional confidence is further bolstered by transparency measures from major exchanges. Bitget released its October 2025 Proof of Reserves (PoR) report, revealing reserve coverage of 307% for Bitcoin, 224% for Ethereum, and over 100% for stablecoins like USDT and USDC, Bitget's October 2025 PoR report. The exchange's Merkle-tree verification system allows users to audit their holdings independently, addressing longstanding concerns about solvency in the crypto industry.

JPMorgan's broader influence extends beyond mining. The bank's Kinexys blockchain payment system was adopted by South Korean trading giant POSCO International for cross-border transactions, with a pilot between Singapore and the U.S. already completed, according to a Bitget announcement. Meanwhile, JPMorgan's own stock (JPM) has surged over 20% in 2025, driven by its $1.5 trillion "Security and Resilience Initiative" to fund U.S. rare earth mineral production and tech innovation, a Nasdaq profile notes. The bank's earnings revisions and capital efficiency metrics, including a 17% return on equity, reinforce its role as a crypto-friendly financial backbone.

BlackRock, the world's largest asset manager, added $211 million worth of Bitcoin to its spot ETF in October 2025, bringing its total holdings to over 800,000 BTC, according to a TradingView report. The move reflects a strategic shift toward institutional-grade crypto exposure, with BlackRock positioning itself as a key player in legitimizing Bitcoin as part of mainstream portfolios.

Ethereum faces near-term headwinds, having rejected attempts to break above $4,000 multiple times in recent weeks, a Coindoo analysis reported. However, investors are increasingly shifting funds to utility-driven projects like Remittix (RTX), a PayFi token enabling cross-border crypto-to-fiat transfers with zero FX fees. Remittix's live wallet beta and CertiK verification have attracted over 40,000 investors, signaling a market pivot toward real-world adoption.

Beyond Bitcoin and Ethereum, institutional-grade XRP adoption is gaining traction. Evernorth, a new XRP-focused treasury firm backed by Ripple and SBI Holdings, announced plans to amass a $1 billion XRP reserve through a SPAC merger, with a Nasdaq listing slated for early 2026, a WRAL Markets article reports. The firm's strategy includes running XRP validators and leveraging Ripple's RLUSD stablecoin to enhance liquidity, drawing comparisons to BlackRock's dominance in traditional assets.

DeFi innovation also contributes to the bullish narrative. Mutuum Finance (MUTM) completed Phase 1 of its roadmap, with a V1 protocol launch imminent, according to a GlobeNewswire release. Meanwhile, Cardano (ADA) hit 115 million on-chain transactions, a milestone highlighting its growing utility despite price stagnation, a Blockonomi report noted.

As the crypto market navigates regulatory clarity and infrastructure advancements, the interplay between institutional adoption, blockchain innovation, and DeFi growth positions Bitcoin and Ethereum for sustained upward momentum. With major players like JPMorgan, BlackRock, and Evernorth reshaping the landscape, the sector's transition from speculative hype to mainstream utility appears firmly underway.