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[Slides] Crypto & stablecoins · Covers 2026-10-17 – 2026-10-2313 slides

Crypto Assets and Stablecoins Weekly Brief · Oct 17–23, 2026

Generated with Divrite · Completed Oct 23, 2026

Original prompt
Write the "Crypto Assets and Stablecoins" hot-topic report covering 2026-10-17 to 2026-10-23. Unit of coverage: the asset and the flow — the week's main crypto prices and flows, ETF creations and redemptions, stablecoin issuance and national regulatory developments. Sections: 1. Market of the week 2. ETFs and flows 3. Stablecoins 4. Regulation 5. Key projects 6. Risk notes. Length: 10–12 slides. Key sources: on-chain data, exchanges, ETF issuers, regulators, industry media. Cite every key number; leave out anything without a reliable source. Answer in English.

Opens Divrite with this prompt filled in — change it to your own topic before you start.

All 13 slides

Cover of “Crypto Assets and Stablecoins Weekly Brief · Oct 17–23, 2026”
  1. Slide 1

    Crypto Assets and Stablecoins Weekly Brief|Oct 17–23, 2026

    Speaker notes

    Welcome to the Crypto Assets and Stablecoins Weekly Brief from Divrite Research, covering October 17 to 23, 2026. This issue asks what moved in prices, ETF flows, stablecoin supply and rules, with every status judged against October 24. First, the contents.

    Slide text

    Crypto Assets and Stablecoins Weekly Brief

    Oct 17–23, 2026

    Divrite Research · Hot Topics · Issue for Oct 17–23, 2026

    PUBLISHED BY

    Divrite Research

    DATE

    October 2026

  2. Slide 2

    Contents

    Speaker notes

    The brief has five parts: overview, market and ETFs, stablecoins, rules and incidents, and the outlook with its dated calendar. We start with the overview, where flat prices hid moving flows and rule dates.

    Slide text

    Five parts

    / 13

    Overview

    Flat prices, moving flows and rule dates

    SLIDE

    Market and ETFs

    Leverage, Bitcoin and Ether fund flows

    SLIDES

    04–06

    Stablecoins

    Flat supply, USD1 and the OCC rule

    SLIDES

    07–08

    Rules and incidents

    Regulation, thefts, upgrades and tokenized funds

    SLIDES

    09–11

    Outlook

    The dated calendar and what to do

    SLIDE

  3. Slide 3

    Overview|Treat flows and rule dates as the signals

    Speaker notes

    The overview comes down to this: treat flows and rule dates as the signals, not the price level. Bitcoin moved from Coinbase's October 17 close of $81,378 to an INN quote of $81,577.22 on October 23, up 0.24 percent, a cross-source computed figure. Underneath, Bitcoin ETFs took in $1,074.7 million over October 19 to 21 according to Farside, then lost $635.49 million on October 22 according to SoSoValue. Stablecoin supply was flat, and the OCC's GENIUS Act rule is final but not yet in effect, with an effective date of January 18, 2027. So watch tracker-specific flows and dated rule events. Next, the market itself.

    Slide text

    Overview Treat flows and rule dates as the signals

    Source: Coinbase; INN; Investing.com; Altcoin Buzz; FinanceFeeds; Cryptopolitan; DailyForex; Federal Register; CryptoTicker; Cointelegraph · Divrite Research

    Key numbers of the week

    +0.24 %

    Bitcoin, Oct 17 close to Oct 23 quote

    Coinbase $81,378 to INN $81,577.22 at 10:00 UTC; cross-source, computed

    Bitcoin week high $84,808 Oct 21, reported

    Bitcoin ETFs, net flow +$1,074.7M Oct 19–21, Farside

    Bitcoin ETFs, net flow −$635.49M Oct 22, SoSoValue

    Ether ETFs, net flow −$1.08B October through Oct 21, SoSoValue

    USD-pegged supply $304.630B Oct 18; −0.47% on the week

    OCC GENIUS Act rule Jan 18, 2027 Effective date; final, not yet in effect

    CLARITY cloture vote 49–50 Sep 15, 2026; bill stalled

    Sent to Tornado Cash 25,700 ETH Oct 20; about $61M, reported

    What happened

    Bitcoin ended roughly where it began; its ETF flows reversed in one session.

    Stablecoin supply was flat; the OCC rule is final, not yet in effect.

    CLARITY is stalled while agencies moved; no new large hack appeared.

    Consequence

    A flat price hid a week of reversals, and the binding rule dates sit after the window.

    Next step

    Watch tracker-specific flows and dated rule events rather than the price level.

    Where the numbers come from
    【本页依据】 ① Bitcoin +0.24% from Coinbase's Oct 17 close of $81,378 to INN's $81,577.22 at 10:00 UTC on Oct 23 (cross-source, computed) —— Bitcoin Holds Firm While Altcoin Weakness Spreads · dailyforex.com · https://www.dailyforex.com/forex-technical-analysis/2026/10/crypto-ove… Finalizes GENIUS Act Stablecoin Rules · investingnews.com · https://investingnews.com/cryptocurrency-market-recap ② Bitcoin ETFs net flow +$1,074.7M over Oct 19–21 (Farside), then −$635.49M on Oct 22 (SoSoValue) —— Bitcoin ETF Inflows Top $1B in Three Days: Is It Enough for a Rally? · altcoinbuzz.io · https://www.altcoinbuzz.io/bitcoin-etfs-draw-1-07b-in-three-days-short… ETFs Lose $635M in a Day as BTC Slips Below $82K · financefeeds.com · https://financefeeds.com/bitcoin-etfs-bleed-635-million-in-a-single-day ③ Ether ETFs net flow −$1.08B in October through Oct 21 (SoSoValue) —— Ether ETFs lose $1.08B in October, 2026's biggest outflow · cryptopolitan.com · https://www.cryptopolitan.com/ether-etfs-lose-1-08b-october-2026 ④ USD-pegged stablecoin supply $304.630B on Oct 18, −0.47% on the week —— Bitcoin Holds Firm While Altcoin Weakness Spreads · dailyforex.com · https://www.dailyforex.com/forex-technical-analysis/2026/10/crypto-ove… ⑤ OCC GENIUS Act rule is final but not yet in effect; effective Jan 18, 2027 —— Federal Register :: Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currency · federalregister.gov · https://www.federalregister.gov/documents/2026/10/23/2026-21706/implem… ⑥ CLARITY Act cloture vote failed 49–50 on Sep 15, 2026; bill stalled —— CLARITY Act explained: what it does and where it stands · cryptoticker.io · https://cryptoticker.io/en/clarity-act-explained;CLARITY Stalled in the US Senate: Enterprise Stablecoin Payments Still Have a Start Date | DataFLOQ · datafloq.com · https://datafloq.com/clarity-stalled-in-the-us-senate-enterprise-stabl…
  4. Slide 4

    Market|Bitcoin ended flat; leverage took the hits

    Speaker notes

    Bitcoin ended the week flat, but leverage took the hits. Fortune quotes put Bitcoin at $82,440.73 on October 19 and $81,739.33 on October 22, down 0.85 percent, even after a reported extended-hours high of $84,808 on October 21. Liquidations were $267 million on October 21, 78.3 percent of them shorts, and about $431 million by October 23, mostly longs. Both sides were liquidated within three days, so position size mattered more than direction. Size positions for squeezes in both directions before the Fed decision on October 28. Next, the Bitcoin ETF flows behind these moves.

    Slide text

    Market

    Bitcoin ended flat; leverage took the hits

    Source: Fortune; Investing.com; CryptoTicker; DailyForex; KuCoin; Capital Street FX

    Flat week, hard intraweek swing

    −0.85%

    Bitcoin, Fortune quotes

    Oct 19, 9 a.m. ET: $82,440.73

    Oct 22, 8 a.m. ET: $81,739.33

    Oct 21 high

    $84,808

    Oct 22–23 low

    $80,989

    Brent, Oct 22

    ~$112

    Nasdaq, Oct 22

    −2.55%

    Squeeze erased (reported): Wednesday's short squeeze lifted Bitcoin to an extended-hours high; on Thursday oil near $112 and a Nasdaq fall erased it.

    Altcoins took the stress: Bitcoin dominance was 60.09% on Oct 18, with 14 of the CoinMarketCap top 100 rising and 86 falling.

    Fed on Oct 28: the decision is scheduled, target 3.75%–4.00%; a Reuters poll (estimate) has 94 of 100 economists expecting a hold on Oct 27–28.

    Liquidations, $M per 24-hour window

    Read: Oct 21's $267M was 78.3% shorts; the Oct 22–23 wave was mostly longs (reported)

    Why it matters

    Shorts and longs were both liquidated within three days, so position size mattered more than direction.

    Next step: size positions for squeezes in both directions before the Oct 28 decision.

    Where the numbers come from
    【本页依据】 ① Bitcoin −0.85% between Fortune quotes of $82,440.73 (Oct 19, 9 a.m. ET) and $81,739.33 (Oct 22, 8 a.m. ET) —— Current price of Bitcoin for Oct. 19, 2026 | Fortune · fortune.com · https://fortune.com/article/price-of-bitcoin-10-19-2026;Current price of Bitcoin for MM-DD-YYYY | Fortune · fortune.com · https://fortune.com/article/price-of-bitcoin-10-22-2026 ② Oct 21 extended-hours high $84,808; Oct 22–23 low $80,989 —— Bitcoin’s $80,000 Floor Faces Pressure From Tech and Bond Volatility | Investing.com · investing.com · https://www.investing.com/analysis/bitcoins-80000-floor-faces-pressure… price $81,568 after $431m liquidations · cryptoticker.io · https://cryptoticker.io/en/bitcoin-price-long-liquidations-nasdaq-23-o… ③ Brent about $112 and Nasdaq −2.55% on Oct 22 erased Wednesday's short-squeeze high —— Oil above $112: is Bitcoin an inflation hedge? · cryptoticker.io · https://cryptoticker.io/en/oil-price-shock-bitcoin-correlation-inflati… ④ Liquidations of $267M on Oct 21 (78.3% shorts) and about $431M by Oct 23 (mostly longs), against $944M in the prior week's CPI flush —— Bitcoin’s $80,000 Floor Faces Pressure From Tech and Bond Volatility | Investing.com · investing.com · https://www.investing.com/analysis/bitcoins-80000-floor-faces-pressure… price $81,568 after $431m liquidations · cryptoticker.io · https://cryptoticker.io/en/bitcoin-price-long-liquidations-nasdaq-23-o… and Ethereum Slide as Inflation and Liquidations Shake Crypto Markets | E8 Markets Blog · blog.e8markets.com · https://blog.e8markets.com/article/bitcoin-and-ethereum-slide-as-infla… ⑤ Bitcoin dominance 60.09% on Oct 18, with 14 of the CoinMarketCap top 100 rising and 86 falling —— Bitcoin Holds Firm While Altcoin Weakness Spreads · dailyforex.com · https://www.dailyforex.com/forex-technical-analysis/2026/10/crypto-ove… ⑥ Fed target 3.75%–4.00%; Reuters poll (estimate) has 94 of 100 economists expecting a hold on Oct 27–28; decision Oct 28 —— 94 of 100 Economists Predict Fed Rate Pause in October, Unanimous Hike Expected in December · kucoin.com · https://www.kucoin.com/news/flash/94-of-100-economists-predict-fed-rat… Fed Hike Bets Lift Bitcoin Back Above 82,000 As ETF Outflows Cap The Rebound | Technical Analysis - Crypto Report | 19-10-2026 - Capital Street FX · capitalstreetfx.com · https://www.capitalstreetfx.com/market-analysis/daily-crypto-report-19…
  5. Slide 5

    ETFs · Bitcoin|Treat flows as a gauge: $1.07B in, $635M out

    Speaker notes

    Treat ETF flows as a gauge: three days in, then one day out. Farside recorded inflows of $526.7 million, $23.2 million and $524.8 million over October 19 to 21, a total of $1,074.7 million. Then SoSoValue recorded an outflow of $635.49 million on October 22, its largest daily net outflow since June 25, with IBIT and FBTC making up 74 percent of it. One outflow day did not cancel three inflow days, but SoSoValue's October total is still negative at $174.5 million, so flows reverse faster than they build. Compare each tracker only with itself. Next, Ether funds.

    Slide text

    ETFs · Bitcoin

    Treat flows as a gauge: $1.07B in, $635M out

    Source: Altcoin Buzz (Farside); BigGo (SoSoValue); FinanceFeeds; Yahoo Finance; crypto.news

    Oct 22 net flow by fund, $M

    SoSoValue; largest daily net outflow since June 25

    So what: one outflow day did not cancel three inflow days, but October is still negative, so flows reverse faster than they build

    Three days in, one day out

    +$1,074.7M

    Farside, Oct 19–21: +$526.7M, +$23.2M and +$524.8M, about $358M a day (computed). SoSoValue's own prints: about $1.08B.

    −$635.49M

    SoSoValue, Oct 22: IBIT and FBTC were 74% of it; the outflow was about 0.6% of $104.71B net assets.

    −$174.5M

    SoSoValue, October to date. Farside's prior week, Oct 12–16: −$228.4M .

    Estimates, average holder cost basis: near $82,300 (Nexo) or $80,000–$81,500 (Glassnode).

    Next step

    Compare each tracker only with itself and name the source of every daily print

    Where the numbers come from
    【本页依据】 ① Farside Oct 19–21: +$526.7M, +$23.2M and +$524.8M = +$1,074.7M, about $358M a day (computed) —— Bitcoin ETF Inflows Top $1B in Three Days: Is It Enough for a Rally? · altcoinbuzz.io · https://www.altcoinbuzz.io/bitcoin-etfs-draw-1-07b-in-three-days-short… $80,000 Floor Faces Pressure From Tech and Bond Volatility | Investing.com · investing.com · https://www.investing.com/analysis/bitcoins-80000-floor-faces-pressure… ② SoSoValue's own prints for the same three days: about $1.08B —— Bitcoin ETFs Shed $635 Million in a Day as BlackRock and Fidelity Funds Bleed — BigGo Finance · finance.biggo.com · https://finance.biggo.com/news/f93e6d5b-8d2e-4799-adb5-86293e853e8f;Bi… ETF Holders Pull $635 Million Before Price Even Hits Their Usual Breaking Point · finance.yahoo.com · https://finance.yahoo.com/markets/crypto/articles/bitcoin-etf-holders-… ③ SoSoValue Oct 22: −$635.49M, its largest daily outflow since June 25; IBIT and FBTC were 74% of it; about 0.6% of $104.71B net assets —— Bitcoin ETFs Lose $635M in a Day as BTC Slips Below $82K · financefeeds.com · https://financefeeds.com/bitcoin-etfs-bleed-635-million-in-a-single-da… ETFs Shed $635 Million in a Day as BlackRock and Fidelity Funds Bleed — BigGo Finance · finance.biggo.com · https://finance.biggo.com/news/f93e6d5b-8d2e-4799-adb5-86293e853e8f ④ SoSoValue October to date: −$174.5M —— Bitcoin ETFs Lose $635M in a Day as BTC Slips Below $82K · financefeeds.com · https://financefeeds.com/bitcoin-etfs-bleed-635-million-in-a-single-da… ETF Holders Pull $635 Million Before Price Even Hits Their Usual Breaking Point · finance.yahoo.com · https://finance.yahoo.com/markets/crypto/articles/bitcoin-etf-holders-… ⑤ Farside's prior week, Oct 12–16: −$228.4M —— Crypto ETFs lose $610.7 million as Ethereum outflows overtake Bitcoin · crypto.news · https://crypto.news/crypto-etfs-weekly-outflows-ethereum-bitcoin;Bitcoin ETF Inflows Top $1B in Three Days: Is It Enough for a Rally? · altcoinbuzz.io · https://www.altcoinbuzz.io/bitcoin-etfs-draw-1-07b-in-three-days-short… ⑥ Estimates of average holder cost basis: near $82,300 (Nexo) or $80,000–$81,500 (Glassnode) —— US Bitcoin ETFs Attract $526.7M on Oct. 19, Largest Inflow in Nearly a Month · kucoin.com · https://www.kucoin.com/news/flash/us-bitcoin-etfs-attract-526-7m-on-oc… ETFs Shed $635 Million in a Day as BlackRock and Fidelity Funds Bleed — BigGo Finance · finance.biggo.com · https://finance.biggo.com/news/f93e6d5b-8d2e-4799-adb5-86293e853e8f
  6. Slide 6

    ETFs · Ether|Ether funds lost $1.08B in October; ETHA led

    Speaker notes

    Ether funds lost $1.08 billion in October through October 21, according to SoSoValue, the largest month of 2026 and enough to wipe out September's gain of about $832 million. In October 12 to 16, Farside shows ETHA accounted for $299 million of a $320.1 million Ether outflow, or 93.4 percent. So this reads as an ETHA story more than a broad exit. XRP ETFs lost $1.84 million in that week, their first weekly outflow in 13 weeks. Read Ether outflows by fund. Next, we turn to stablecoins, starting with supply.

    Slide text

    ETFs · Ether

    Ether funds lost $1.08B in October; ETHA led

    Source: crypto.news; Cryptopolitan; BigGo; KuCoin; 24/7 Wall St.; ETF Action

    93.4%

    ETHA was −$299M of Farside's −$320.1M Ether outflow in Oct 12–16

    Consequence: one fund drives the weakness, so the −$1.08B reads as an ETHA story more than a broad exit.

    ETF Action 5-day flows, $M

    Week not dated; kept apart from Farside and SoSoValue

    Read: Ethereum had the largest outflow, −$306M

    SoSoValue, October

    −$1.08B

    through Oct 21, the largest month of 2026; it wiped out September's gain of about $832M

    Oct 21

    +$14.9M

    ended a five-session losing streak; Oct 22 lost $110M (Farside)

    XRP ETFs, Oct 12–16

    −$1.84M

    first weekly outflow in 13 weeks

    Solana ETFs, Oct 12–16

    −$25.5M

    small next to Ether funds

    Ether fund net assets: $14.98B on Oct 20

    Next step

    Read Ether outflows by fund and keep ETF Action's undated week apart from Farside and SoSoValue

    Where the numbers come from
    【本页依据】 ① ETHA was −$299M of Farside's −$320.1M Ether outflow in Oct 12–16 (93.4%) —— Crypto ETFs lose $610.7 million as Ethereum outflows overtake Bitcoin · crypto.news · https://crypto.news/crypto-etfs-weekly-outflows-ethereum-bitcoin ② SoSoValue: Ether ETFs −$1.08B in October through Oct 21, the largest month of 2026, wiping out September's gain of about $832M —— Ether ETFs lose $1.08B in October, 2026's biggest outflow · cryptopolitan.com · https://www.cryptopolitan.com/ether-etfs-lose-1-08b-october-2026 ③ Oct 21 +$14.9M ended a five-session losing streak; Oct 22 lost $110M (Farside) —— Bitcoin ETFs Shed $635 Million in a Day as BlackRock and Fidelity Funds Bleed — BigGo Finance · finance.biggo.com · https://finance.biggo.com/news/f93e6d5b-8d2e-4799-adb5-86293e853e8f;U.S. Bitcoin Spot ETFs Experience $635M Net Outflow; Ethereum ETFs Lose $110M · kucoin.com · https://www.kucoin.com/news/flash/us-bitcoin-spot-etfs-see-635m-net-ou… ④ Ether fund net assets $14.98B on Oct 20 —— Same as ② ⑤ XRP ETFs −$1.84M in Oct 12–16, first weekly outflow in 13 weeks; Solana ETFs −$25.5M —— XRP ETFs Just Ended a 13-Week Inflow Streak. What Broke It? - 24/7 Wall St. · 247wallst.com · https://247wallst.com/investing/cryptocurrency/2026/10/18/xrp-etfs-jus… ETFs Have Given Back 62% of This Year's Inflows. Is Wall Street Giving Up on Ethereum? - 24/7 Wall St. · 247wallst.com · https://247wallst.com/investing/cryptocurrency/2026/10/19/ether-etfs-h… ⑥ ETF Action 5-day flows (week not dated): Bitcoin −$191M, Ethereum −$306M, Altcoin −$29M, Multicoin −$4M —— Crypto ETFs Slide as Altcoins Lag and iShares Sees Outflows - ETF Action · etfaction.com · https://www.etfaction.com/crypto-etfs-slide-as-altcoins-lag-and-ishare…
  7. Slide 7

    Stable · Supply|Supply was flat; USD1 shrank without a depeg

    Speaker notes

    Last page ended with Ether funds losing $1.08B in October. This page moves to stablecoins, where supply was flat but one issuer shrank. USD-pegged supply was $304.630B on Oct 18, down 0.47% from $306.072B on Oct 11, according to DefiLlama figures reported by DailyForex. Underneath, USD1 fell from $4.43B on Oct 6 to $4.01B on Oct 19, a drop of $401M, or 9.1%, while its price held between $0.998 and $1.000. Per CryptoTicker, net redemptions of $385.03M on Ethereum and BNB Chain explain about 96% of that fall. So track supply and redemptions by issuer, not only the peg price. Next, the OCC rule.

    Slide text

    Stable · Supply

    Supply was flat; USD1 shrank without a depeg

    Source: DailyForex; CryptoTicker; Pharos; DeFiStar; Lead Bank; Euronet; Stablecoin Insider

    Two chains explain the USD1 fall

    Unit: $M, USD1 Oct 6–19 · Onchain Benchmark

    Reading: net redemptions of $184.60M on Ethereum (63 burns) and $200.43M on BNB Chain total $385.03M, about 96% of the fall

    Flat total, sharp exit

    Supply: $304.630B on Oct 18, −0.47% from $306.072B on Oct 11; USDT about $183.5B, USDC about $72.3B (CoinGecko, Oct 19)

    USD1: $4.43B on Oct 6 to $4.01B on Oct 19, −$401M (−9.1%) ; price held $0.998–$1.000

    Euro coins: no depeg reported; EURCV supply 168.14M, EURC supply €370.9M (Oct 22)

    Rails: Lead Bank payments shipping since Oct 20; Euronet and Fireblocks card issuing announced Oct 19; B2B payments $226B annualised, up 733% (estimate)

    So what: a market cap can fall 9.1% through redemptions with the peg intact, and flat total supply cannot show whether cash is leaving or being deployed

    Next step: track supply and redemptions by issuer, not only the peg price

    Where the numbers come from
    【本页依据】 ① USD-pegged supply $304.630B on Oct 18, −0.47% from $306.072B on Oct 11 —— Bitcoin Holds Firm While Altcoin Weakness Spreads · dailyforex.com · https://www.dailyforex.com/forex-technical-analysis/2026/10/crypto-ove… ② USDT about $183.5B and USDC about $72.3B (CoinGecko, Oct 19) —— USD1 loses $401 million in two weeks · cryptoticker.io · https://cryptoticker.io/en/usd1-stablecoin-redemptions-reserves ③ USD1 $4.43B on Oct 6 to $4.01B on Oct 19, −$401M (−9.1%); price held $0.998–$1.000 —— Same as ② ④ Net redemptions of $184.60M on Ethereum (63 burns) and $200.43M on BNB Chain total $385.03M, about 96% of the fall —— Same as ② ⑤ No euro-stablecoin depeg reported; EURCV supply 168.14M, EURC supply €370.9M (Oct 22) —— EURCV (EUR CoinVertible) Stablecoin Risk Profile | Pharos · pharos.watch · https://pharos.watch/stablecoin/eurcv-societe-generale-forge;Stablecoin Issuer Database: Who Issues USDC, USDT, USDe and More | DeFiStar.io · defistar.io · https://defistar.io/stablecoin-issuer-database.php ⑥ Lead Bank payments shipping since Oct 20; Euronet and Fireblocks card issuing announced Oct 19; B2B payments $226B annualised, up 733% (estimate) —— Stablecoin on-ramps, off-ramps, and new cross-border payout options are now part of Lead’s banking infrastructure platform | Lead · lead.bank · https://www.lead.bank/blog/stablecoin-capabilities;Euronet and Fireblocks Power the Next Era of Mainstream Payments with Stablecoin-Funded Card Issuing - Euronet Worldwide, Inc. · ir.euronetworldwide.com · https://ir.euronetworldwide.com/news-releases/news-release-details/eur… Stablecoin FX Platforms for Cross-Border Payments in 2026 · stablecoininsider.org · https://stablecoininsider.org/best-stablecoin-fx-platforms-for-cross-b…
  8. Slide 8

    Stable · OCC|Plan for Jan 18, 2027: the OCC rule is final

    Speaker notes

    The OCC's GENIUS Act rule is final, but not yet in effect. The OCC issued it on Oct 21, the Federal Register published it on Oct 23, and it takes effect Jan 18, 2027. Compared with the March 2026 proposal, daily liquidity falls from at least 10% to at least 5%, and weekly liquidity and average maturity limits are dropped. A redemption surge now needs notice to the OCC within 24 hours. Reserves become cheaper to run, while deposit flight is contested; Javelin's estimate is a shift of $257B to $1.129T. Existing issuers can seek a waiver of up to 12 months. Next, the stalled CLARITY Act.

    Slide text

    Stable · OCC

    Plan for Jan 18, 2027: the OCC rule is final

    Source: Federal Register; Stablecoin Insider; Fox Rothschild; PaymentsJournal; ABA; BIS

    Effective

    Jan 18 2027

    Final, not yet in effect. The OCC issued its GENIUS Act rule on Oct 21; the Federal Register published it on Oct 23

    Area

    March 2026 proposal

    Final rule

    Daily liquidity

    At least 10%

    At least 5%

    Weekly liquidity, average maturity

    Required

    Limits dropped

    Single-counterparty exposure

    40%

    40% with exclusions

    Redemption surge

    Automatic 7-day extension

    Notice to the OCC within 24 hours

    So what: reserves become cheaper to run, while the deposit-flight risk is contested and unproven in both directions (estimates)

    Waivers and approvals

    Waiver: up to 12 months for existing issuers (OCC Bulletin 2026-51)

    Applications: not yet open, awaiting OMB approval

    Decision: within 120 days; May 18, 2027 for a complete filing on Jan 18

    Yield and deposits

    Yield: left to examiners; no safe harbour for existing rewards programs

    Javelin estimate: deposit shift of $257B to $1.129T (1.2% to 5.4%)

    Fed and Treasury proposals take comments until Nov 30

    Next step: map which issuer and rulebook your balance sits under, and use the waiver route if an application is pending

    Where the numbers come from
    【本页依据】 ① The OCC issued its GENIUS Act rule on Oct 21; the Federal Register published it on Oct 23, effective Jan 18, 2027 (final, not yet in effect) —— Luno Newsroom - The OCC has finalised its GENIUS Act rule for stablecoins · luno.com · https://www.luno.com/newsroom/genius-act-rule-for-stablecoins;OCC Finalizes GENIUS Act Rules for Payment Stablecoin Issuers | Sheppard · sheppard.com · https://www.sheppard.com/insights/blogs/occ-finalizes-genius-act-rules… Register :: Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currency · federalregister.gov · https://www.federalregister.gov/documents/2026/10/23/2026-21706/implem… ② Daily liquidity at least 10% in the March 2026 proposal, at least 5% in the final rule; weekly liquidity and weighted average maturity limits dropped; single-counterparty exposure 40% with exclusions —— OCC GENIUS Act Final Rule: Yield, Reserves and Redemptions · stablecoininsider.org · https://stablecoininsider.org/occ-genius-act-final-rule ③ Redemption surge: automatic 7-day extension replaced by notice to the OCC within 24 hours —— Same as ② ④ Waiver of up to 12 months for existing issuers (OCC Bulletin 2026-51); applications not yet open, awaiting OMB approval —— The OCC’s Stablecoin Rulebook Is Final — and the Yield Fight Just Moved to the Exam Room · foxrothschild.com · https://www.foxrothschild.com/publications/the-occs-stablecoin-ruleboo… GENIUS Act Rules Could Reshape the US Stablecoin Market · finance.yahoo.com · https://finance.yahoo.com/markets/crypto/articles/occ-genius-act-rules… ⑤ OCC decides within 120 days: May 18, 2027 for a complete filing on Jan 18; Fed and Treasury proposals take comments until Nov 30 —— CLARITY Stalled in the US Senate: Enterprise Stablecoin Payments Still Have a Start Date | DataFLOQ · datafloq.com · https://datafloq.com/clarity-stalled-in-the-us-senate-enterprise-stabl… ⑥ Yield left to examiners with no safe harbour for existing rewards programs; Javelin estimate of a deposit shift of $257B to $1.129T (1.2% to 5.4%) —— The OCC’s Stablecoin Rulebook Is Final — and the Yield Fight Just Moved to the Exam Room · foxrothschild.com · https://www.foxrothschild.com/publications/the-occs-stablecoin-ruleboo… Rules Leave Door Open to Stablecoin Yield - PaymentsJournal · paymentsjournal.com · https://www.paymentsjournal.com/occs-rules-leave-door-open-to-stableco…
  9. Slide 9

    Regulation|Plan for agency rules: CLARITY stalled at 49–50

    Speaker notes

    Congress stalled while the agencies kept moving. The CLARITY Act is still only a bill: cloture failed 49 to 50 on Sep 15, 11 short of 60, with no later floor action found as of Oct 23. The 119th Congress ends Jan 3, 2027. Meanwhile the SEC's Regulation Crypto Assets is proposed, and the CFTC has issued an advance notice with comments due Dec 14, per CryptoTicker. In Europe, ESMA added nine providers to the MiCA register on Oct 19, bringing it to 375. So US crypto rules are being set by agency proposals, which a later administration can reverse. Next, incidents.

    Slide text

    Regulation

    Plan for agency rules: CLARITY stalled at 49–50

    Source: CryptoTicker; DataFloq; CertiK; EY; SEC; Dodd Frank Update; Coin Republic; Fincrime Central; Asia Asset Management

    The bill stalls, the agencies move

    US Congress

    CLARITY Act: a bill, stalled. Cloture failed 49–50 on Sep 15, 11 short of 60; no later floor action found as of Oct 23

    Path so far: House 294–134 on Jul 17, 2025; Senate Banking 15–9 on May 14, 2026; the 119th Congress ends Jan 3, 2027

    US agencies

    SEC: Regulation Crypto Assets is proposed; 22 letters dated Oct 20 and 8 dated Oct 21

    CFTC: advance notice (ANPRM); comment deadline Dec 14 (per CryptoTicker)

    Europe and Asia

    ESMA: MiCA register added 9 providers on Oct 19, to 375

    France: its MiCA review response is a position paper, not law

    Taiwan: rules in drafting; 9 sets of supplementary rules as early as Q1 2027

    SEC proposed exemptions, $M

    Reading: three proposed exemption sizes, $5M to $75M

    So what: US crypto rules are being set by agency proposals, which a later administration can reverse, not by statute

    Next step: plan for the agency comment dates and treat CLARITY as stalled until a floor vote is scheduled

    Where the numbers come from
    【本页依据】 ① CLARITY Act is a bill, stalled: cloture failed 49-50 on Sep 15, 11 short of 60; no later floor action found as of Oct 23 —— CLARITY Act explained: what it does and where it stands · cryptoticker.io · https://cryptoticker.io/en/clarity-act-explained;CLARITY Stalled in the US Senate: Enterprise Stablecoin Payments Still Have a Start Date | DataFLOQ · datafloq.com · https://datafloq.com/clarity-stalled-in-the-us-senate-enterprise-stabl… ② House 294-134 on Jul 17, 2025; Senate Banking 15-9 on May 14, 2026; the 119th Congress ends Jan 3, 2027 —— CLARITY Act explained: what it does and where it stands · cryptoticker.io · https://cryptoticker.io/en/clarity-act-explained;What Is the CLARITY Act? - CertiK · certik.com · https://www.certik.com/blog/what-is-the-clarity-act ③ SEC Regulation Crypto Assets is proposed, with exemptions of $5M (startup), $20M (Tier 1) and $75M (Tier 2); 22 letters dated Oct 20 and 8 dated Oct 21 —— SEC in Focus: October 2026 - EY · ey.com · https://www.ey.com/content/dam/ey-unified-site/ey-com/en-us/technical/… | Regulation Crypto Assets · sec.gov · https://www.sec.gov/rules-regulations/public-comments/s7-2026-27 ④ CFTC advance notice (ANPRM); comment deadline Dec 14 (per CryptoTicker) —— CFTC seeks input on possible crypto asset rulemaking | News | Dodd Frank Update · doddfrankupdate.com · https://www.doddfrankupdate.com/dfu/articlesdfu/cftc-seeks-input-on-po… Act explained: what it does and where it stands · cryptoticker.io · https://cryptoticker.io/en/clarity-act-explained ⑤ ESMA MiCA register added 9 providers on Oct 19, to 375; France's MiCA review response is a position paper, not law —— EU Regulation: ESMA Adds BingX and YouHodler Entities to MiCA Register | Market Analysis | CryptoRank.io · cryptorank.io · https://cryptorank.io/news/feed/cd0d7-eu-regulation-esma-adds-bingx-an… AMF Proposes MiCA Reforms for Stablecoins, Crypto and DeFi - Fincrime Central · fincrimecentral.com · https://fincrimecentral.com/france-mica-reform-stablecoins-defi-crypto… ⑥ Taiwan rules in drafting; 9 sets of supplementary rules as early as Q1 2027 —— FSC expects Taiwan’s crypto regulations to be announced in early 2027 - Asia Asset Management · asiaasset.com · https://www.asiaasset.com/regulation-compliance/taiwan-crypto-regulati…
  10. Slide 10

    Incidents|Plan freeze authority: 0.8% reached victims

    Speaker notes

    No new large hack appeared this week; ten October incidents total about $6.2M. The point is that recovery is rare. Blockaid, a security vendor that sells screening tools, counts 60 major exploits totalling $1.18B, and only $9.8M, or 0.8%, reached victims by Sep 2. The median time before attackers moved funds was 17 minutes. Of the $91.2M frozen or returned, 99.1% came from protocol, governance or validator controls, so freezes, not recoveries, are the main control. Drift's April 1 loss was about $295M, and 25,700 ETH, about $61M, went into Tornado Cash on Oct 20, as reported. Next, upgrades and tokenized assets.

    Slide text

    Incidents

    Plan freeze authority: 0.8% reached victims

    Source: Cointelegraph (via LCX); DefiLlama; Blockaid (via Unchained); Shattered.io

    Recovery is rare

    Blockaid, a security vendor that sells screening tools, counts 60 major exploits totalling $1.18B

    0.8 %

    reached victims: $9.8M by Sep 2

    $81.4M

    frozen but not returned

    $287.1M

    stolen funds still held

    17 min

    median before attackers moved funds

    Drift replay and long tail

    25,700 ETH (about $61M) went into Tornado Cash on Oct 20 (reported); 81,454 ETH (about $194M) is still in exploiter-linked addresses

    Drift's April 1 loss was about $295M ; its recovery pool holds about $3.1M , about 1%

    No new large hack; ten October incidents total about $6.2M

    Largest 2026 thefts, $M

    Read: Drift ranks third; DefiLlama counts $2.245B lost across 299 incidents in 2026 (as of Oct 19)

    Consequence: freezes, not recoveries, are the main control. 99.1% of the $91.2M frozen or returned came from protocol, governance or validator controls.

    Next step

    Agree freeze authority and monitoring in advance, because attackers move within minutes

    Where the numbers come from
    【本页依据】 ① Blockaid counts 60 major exploits totalling $1.18B; only $9.8M (0.8%) reached victims by Sep 2; Blockaid sells screening tools —— Hackers Still Hold $287 Million in Stolen Crypto That Can't Be Frozen, Blockaid Report Says - Unchained · unchainedcrypto.com · https://unchainedcrypto.com/hackers-still-hold-287-million-in-stolen-c… ② $81.4M frozen but not returned, $287.1M still held, median 17 minutes before attackers moved funds; 99.1% of the $91.2M frozen or returned came from protocol, governance or validator controls —— Same as ① ③ 25,700 ETH (about $61M) went into Tornado Cash on Oct 20 (reported); 81,454 ETH (about $194M) still in exploiter-linked addresses —— Drift exploiter sends $61M ETH to Tornado Cash, holds $194M | LCX Crypto News | LCX · lcx.com · https://lcx.com/en/cryptonews/drift-exploiter-sends-61m-eth-to-tornado… ④ Drift's April 1 loss was about $295M; its recovery pool holds about $3.1M, about 1% of the loss —— Drift Hack: $61M Tornado Cash Trail and Recovery Risks · bitcoinfoundation.org · https://bitcoinfoundation.org/news/ethereum/drift-linked-wallets-send-… exploiter sends $61M ETH to Tornado Cash, holds $194M | LCX Crypto News | LCX · lcx.com · https://lcx.com/en/cryptonews/drift-exploiter-sends-61m-eth-to-tornado… ⑤ DefiLlama counts $2.245B lost across 299 incidents in 2026 (as of Oct 19); Bitget $387M on Sep 24 is the largest; Drift ranks third behind the $320M Liquid Network exploit —— DeFi Hacks & Exploits Database - DefiLlama · defillama.com · https://defillama.com/hacks;Drift exploiter sends $61M ETH to Tornado Cash, holds $194M | LCX Crypto News | LCX · lcx.com · https://lcx.com/en/cryptonews/drift-exploiter-sends-61m-eth-to-tornado… ⑥ No new large hack; ten October incidents total about $6.2M —— Same as ⑤
  11. Slide 11

    Upgrades · RWA|Alpenglow is live; Glamsterdam is testnet only

    Speaker notes

    Solana's Alpenglow went live on mainnet on Oct 21, the one mainnet change that shipped. Finality falls from about 12.8 seconds to about 150 milliseconds, though CoinDesk calls 150 milliseconds a target, and only the Votor voting layer is live. Ethereum's Glamsterdam is testnet only: Hoodi on Oct 26 at 17:42 UTC, with a 200M gas limit against about 60M on mainnet, and no mainnet date. In tokenized treasuries, Allium counted USDY at $2.32B ahead of BUIDL at $2.20B on Oct 12, but that $0.12B lead is thin because USDY is sold only to non-US buyers. Finally, the dates ahead.

    Slide text

    Upgrades · RWA

    Alpenglow is live; Glamsterdam is testnet only

    Source: Solana (via Smithii); CoinDesk; 24/7 Wall St; Allium; RWA.xyz (via Bitstore); HOGE Wire; Seoul Economic Daily

    Consequence: Solana's was the one mainnet change that shipped , and the USDY lead of $0.12B is thin because USDY is sold only to non-US buyers while BUIDL is permissioned.

    Tokenized treasuries, $B (Allium, Oct 12)

    Read: USDY leads BUIDL by $0.12B in a $16.17B segment of 91 assets and 36 issuers

    Solana Alpenglow: live on mainnet Oct 21

    Finality falls from about 12.8 s to about 150 ms (CoinDesk calls 150 ms a target); only the Votor voting layer is live, Rotor has no date

    Ethereum Glamsterdam: testnet only

    Announced for Hoodi on Oct 26 at 17:42 UTC with a 200M gas limit against about 60M on mainnet; no mainnet date

    Delistings: Binance and Korea

    Binance ends EPIC and QUICK spot trading Oct 28 at 03:00 UTC (announced Oct 14); Korea dropped 103 tokens through Q3 and 41 on Oct 16 (reported)

    Next step

    Treat Glamsterdam as testnet news until a mainnet date is set, and compare treasury funds within one tracker

    Where the numbers come from
    【本页依据】 ① Solana Alpenglow went live on mainnet on Oct 21, the one mainnet change that shipped; only the Votor voting layer is live, Rotor has no date —— Solana Alpenglow Update: what changes on the network | Smithii · smithii.io · https://smithii.io/en/solana-alpenglow-upgrade;SOL news: Solana completes Alpenglow upgrade. Here’s what it means for users · coindesk.com · https://www.coindesk.com/tech/2026/10/22/solana-completes-alpenglow-up… ② Finality falls from about 12.8 s to about 150 ms (CoinDesk calls 150 ms a target) —— Same as ① ③ Ethereum Glamsterdam announced for Hoodi on Oct 26 at 17:42 UTC with a 200M gas limit against about 60M on mainnet; no mainnet date —— Ethereum Is Testing Blocks Over 3 Times Bigger. Could That Help ETH Catch Up With Solana? - 24/7 Wall St. · 247wallst.com · https://247wallst.com/investing/cryptocurrency/2026/10/18/ethereum-is-… ④ Tokenized treasuries are $16.17B across 91 assets and 36 issuers (Allium, Oct 12); USDY $2.32B leads BUIDL $2.20B by $0.12B —— Tokenized Treasuries Market Size: $16B Across 91 Funds · allium.so · https://allium.so/blog/tokenized-treasuries-market-size-16b-and-counting ⑤ USDY is sold only to non-US buyers while BUIDL is permissioned, so the crossover reflects access —— Ondo's Tokenized Treasury Product Just Passed BlackRock's BUIDL. Is ONDO Undervalued? - 24/7 Wall St. · 247wallst.com · https://247wallst.com/investing/cryptocurrency/2026/10/18/ondos-tokeni… Treasuries Market Size: $16B Across 91 Funds · allium.so · https://allium.so/blog/tokenized-treasuries-market-size-16b-and-counting ⑥ Binance ends EPIC and QUICK spot trading Oct 28 at 03:00 UTC (announced Oct 14); Korea dropped 103 tokens through Q3 and 41 on Oct 16 —— Delisted Without a Reason: Crypto's Silent Delisting in 2026 | HOGE Wire · hoge.gg · https://hoge.gg/crypto-silent-delisting-no-reason-2026;41 Tokens Delisted or Flagged in a Single Day as Trading Dries Up - Seoul Economic Daily · en.sedaily.com · https://en.sedaily.com/finance/2026/10/20/41-cryptocurrencies-flagged-…
  12. Slide 12

    Outlook · Dates|Plan for Oct 28, Oct 30 and Jan 18 events

    Speaker notes

    This issue ends on a calendar, not a trend. Prices were flat, but leverage, ETF flows and stablecoin rules shifted. Ahead: Ethereum's Glamsterdam on the Hoodi testnet on Oct 26; the FOMC decision and Binance's EPIC and QUICK spot delisting on Oct 28; Coinbase converting non-compliant EEA stablecoin balances into USDC on Oct 30; Fed and Treasury stablecoin comments closing Nov 30; and the OCC rule and GENIUS Act taking effect Jan 18, 2027. A missed dated event cannot be recovered. This is not investment advice. That is the brief for Oct 17 to 23. Thank you for listening.

    Slide text

    Outlook · Dates

    Plan for Oct 28, Oct 30 and Jan 18 events

    Source: Capital Street FX; CryptoTicker; Federal Register; DataFloq; KuCoin; 24/7 Wall St; U.Today

    Date Dated rule and policy events Act

    Oct 26 Ethereum Glamsterdam on Hoodi testnet, 17:42 UTC; Blast network shutdown

    Oct 27 Bitvavo ends ACX trading, 14:00 CET

    Oct 28 FOMC decision, 18:00 GMT; Binance ends EPIC and QUICK spot trading, 03:00 UTC Traders

    Oct 30 Coinbase converts non-compliant EEA stablecoin balances into USDC EEA users

    Nov 12 EBA begins supervision of the USDC issuer

    Nov 23 Comments close on OCC issuer reporting forms

    Nov 30 Comments close on Fed and Treasury stablecoin proposals

    Dec 8–9 FOMC meeting; Reuters poll (estimate) expects a hike

    Dec 14 CFTC ANPRM comment deadline (per CryptoTicker)

    Jan 3, 2027 119th Congress ends

    Jan 18, 2027 OCC rule and GENIUS Act take effect Treasurers

    A calendar, not a trend

    Prices were flat, but leverage, ETF flows and stablecoin rules shifted. This is not investment advice.

    Consequence

    A missed dated event cannot be recovered; EEA balances can be withdrawn or swapped only until Oct 30.

    Next step

    Traders size for Oct 28, EEA users act by Oct 30, stablecoin treasurers map issuer and rulebook before Jan 18, 2027, and builders agree freeze authority.

    Where the numbers come from
    【本页依据】 ① Prices were flat, but leverage, ETF flows and stablecoin rules shifted —— Bitcoin Holds Firm While Altcoin Weakness Spreads · dailyforex.com · https://www.dailyforex.com/forex-technical-analysis/2026/10/crypto-ove… Finalizes GENIUS Act Stablecoin Rules · investingnews.com · https://investingnews.com/cryptocurrency-market-recap ② Oct 26 Ethereum Glamsterdam on Hoodi testnet, 17:42 UTC, and Blast network shutdown; Oct 27 Bitvavo ends ACX trading, 14:00 CET —— Ethereum Is Testing Blocks Over 3 Times Bigger. Could That Help ETH Catch Up With Solana? - 24/7 Wall St. · 247wallst.com · https://247wallst.com/investing/cryptocurrency/2026/10/18/ethereum-is-… Derivatives to Go Temporarily Offline This Date in October: Reason · cryptonews.net · https://cryptonews.net/news/market/33633581;ACX at Bitvavo: trading ends on October 27 · cryptoticker.io · https://cryptoticker.io/en/bitvavo-acx-delisting-deadline ③ Oct 28 FOMC decision at 18:00 GMT; Binance ends EPIC and QUICK spot trading at 03:00 UTC —— Fading Fed Hike Bets Lift Bitcoin Back Above 82,000 As ETF Outflows Cap The Rebound | Technical Analysis - Crypto Report | 19-10-2026 - Capital Street FX · capitalstreetfx.com · https://www.capitalstreetfx.com/market-analysis/daily-crypto-report-19… Without a Reason: Crypto's Silent Delisting in 2026 | HOGE Wire · hoge.gg · https://hoge.gg/crypto-silent-delisting-no-reason-2026 ④ Oct 30 Coinbase converts non-compliant EEA stablecoin balances into USDC; Nov 12 EBA begins supervision of the USDC issuer —— USDT or USDC: the key points before October 30 · cryptoticker.io · https://cryptoticker.io/en/usdt-or-usdc-which-to-hold ⑤ Nov 23 comments close on OCC issuer reporting forms; Nov 30 comments close on Fed and Treasury stablecoin proposals; Jan 18, 2027 the OCC rule and GENIUS Act take effect —— Federal Register :: Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review; Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currency · federalregister.gov · https://www.federalregister.gov/documents/2026/10/23/2026-21705/agency… Stalled in the US Senate: Enterprise Stablecoin Payments Still Have a Start Date | DataFLOQ · datafloq.com · https://datafloq.com/clarity-stalled-in-the-us-senate-enterprise-stabl… Register :: Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currency · federalregister.gov · https://www.federalregister.gov/documents/2026/10/23/2026-21706/implem… ⑥ Dec 8-9 FOMC meeting, Reuters poll (estimate) expects a hike; Dec 14 CFTC ANPRM comment deadline (per CryptoTicker); Jan 3, 2027 the 119th Congress ends —— 94 of 100 Economists Predict Fed Rate Pause in October, Unanimous Hike Expected in December · kucoin.com · https://www.kucoin.com/news/flash/94-of-100-economists-predict-fed-rat… Act explained: what it does and where it stands · cryptoticker.io · https://cryptoticker.io/en/clarity-act-explained
  13. Slide 13

    Watch flows and rule dates, not price

    Speaker notes

    To close: watch flows and rule dates, not the price level. A flat price hid a week of reversals, so size positions to dated events and act before each rule deadline passes. Thank you.

    Slide text

    Closing

    A flat price hid a week of reversals; size positions to

    dated events and act before each rule deadline passes.

    Thank you

    2026-10-24 · Crypto Assets and Stablecoins Weekly Brief · Oct 17–23, 2026

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  51. 63OCC Finalizes GENIUS Act Rules for Payment Stablecoin Issuers | Sheppardsheppard.com
  52. 64OCC GENIUS Act Rules Could Reshape the US Stablecoin Marketfinance.yahoo.com
  53. 65The OCC’s Stablecoin Rule: The Limits of Regulatory Clarity  - AAFamericanactionforum.org
  54. 66US quietly eases stablecoin reserve rules as banks warn billions could shift away from lendingcryptoslate.com
  55. 67OCC’s Rules Leave Door Open to Stablecoin Yield - PaymentsJournalpaymentsjournal.com
  56. 68Stablecoins just got some regulatory clarity - AOLaol.co.uk
  57. 69BIS paper: deposit rates can slow stablecoin growthforexcrunch.com
  58. 70Federal Register :: Implementing the Guiding and Establishing National Innovation for U.S. Stablecoins Act for the Issuance of Stablecoins by Entities Subject to the Jurisdiction of the Office of the Comptroller of the Currencyfederalregister.gov
  59. 71OCC Finalizes Stablecoin Rules, Leaves Rewards Fight Openbitcoinmagazine.com
  60. 72EURCV (EUR CoinVertible) Stablecoin Risk Profile | Pharospharos.watch
  61. 73EURC (EURC) Price Prediction For 2026 & Beyondcoinmarketcap.com
  62. 74Stablecoin Issuer Database: Who Issues USDC, USDT, USDe and More | DeFiStar.iodefistar.io
  63. 75Blogs – DigitalWaehrung.ch - Your Comprehensive Guide to Stablecoinsdigitalwaehrung.ch
  64. 76How DeFiStar.io Collects and Scores Data | DeFiStar.iodefistar.io
  65. 77Euronet and Fireblocks Power the Next Era of Mainstream Payments with Stablecoin-Funded Card Issuing - Euronet Worldwide, Inc.ir.euronetworldwide.com
  66. 78KlarnaUSD: Cutting Cross-Border Payment Costspayouts.com
  67. 79Stablecoin Payments Cross a New Border in 2026 - OneSafe Blogonesafe.io
  68. 80Cross-border payment companies (2026): 14 comparedupshift.finance
  69. 81Stablecoin on-ramps, off-ramps, and new cross-border payout options are now part of Lead’s banking infrastructure platform | Leadlead.bank
  70. 82Best Stablecoin FX Platforms for Cross-Border Payments in 2026stablecoininsider.org
  71. 83CLARITY Act explained: what it does and where it standscryptoticker.io
  72. 84Ripple Lobbies on Crypto Regulation as Senate Blocks CLARITY Vote | Legis1legis1.com
  73. 85What Is the CLARITY Act? - CertiKcertik.com
  74. 86CLARITY Act 2026: What the Senate Vote Means for Digital Assets | Orochi Networkorochi.network
  75. 87CLARITY Stalled in the US Senate: Enterprise Stablecoin Payments Still Have a Start Date | DataFLOQdatafloq.com
  76. 88CLARITY Stalled in the US Senate: Enterprise Stablecoin Payments Still Have a Start Date | DataFLOQdatafloq.com
  77. 89SEC.gov | Regulation Crypto Assetssec.gov
  78. 90CLIENT ALERT: Fall 2026 Update on SEC and CFTC Enforcement - Sher Tremonteshertremonte.com
  79. 91SEC in Focus: October 2026 - EYey.com
  80. 92CFTC seeks input on possible crypto asset rulemaking | News | Dodd Frank Updatedoddfrankupdate.com
  81. 93October 20, 2026bettermarkets.org
  82. 94SEC.gov | Crypto Task Force Written Inputsec.gov
  83. 95EU Regulation: ESMA Adds BingX and YouHodler Entities to MiCA Register | Market Analysis | CryptoRank.iocryptorank.io
  84. 96France AMF Proposes MiCA Reforms for Stablecoins, Crypto and DeFi - Fincrime Centralfincrimecentral.com
  85. 97MiCA revision: France wants DeFi liability for exchangescryptoticker.io
  86. 98Stablecoin Interest: MiCA Ban and the 256-Euro Limitcryptoticker.io
  87. 99Crypto exchanges with a MiCA (CASP) license: TOP 100 ranking 2026casptracker.eu
  88. 100Crypto Regulation in 2026: GENIUS Act, CLARITY Act and MiCAstealthex.io
  89. 101FSC expects Taiwan’s crypto regulations to be announced in early 2027 - Asia Asset Managementasiaasset.com
  90. 102Stablecoins for CFOs and Treasurers in Asia: Cost, Working Capital, Entry Points by Jurisdiction, and the 2027 Outlookstablecoininsider.org
  91. 103South Korea to Introduce Stablecoin Regulation and Digital Asset ETFs in 2026kucoin.com
  92. 104Federal Register :: Agency Information Collection Activities: Proposed Information Collection; Submission for OMB Review; Reporting Forms and Instructions for Permitted Payment Stablecoin Issuers Subject to the Jurisdiction of the Office of the Comptroller of the Currencyfederalregister.gov
  93. 1055 Stablecoin Trends Shaping Global Payments in 2026 | Thunesthunes.com
  94. 106UAE Crypto-Asset Reporting Framework (CARF) ​pwc.com
  95. 107Kyrgyzstan advances its understanding of key international tax transparency standards through targeted Global Forum and ADB supportoecd.org
  96. 108Crypto data exchange: Bundestag opens non-EU routecryptoticker.io
  97. 109EU DAC8 Compliance Under CRS 2.0 & CARF, From Day 1 | TaxDotaxdo.com
  98. 110Governments are taking back control of digital assetscoingeek.com
  99. 111DeFi Hacks & Exploits Database - DefiLlamadefillama.com
  100. 112$6M Gone in 19 Min: Base DeFi Vault Hack [2026]shattered.io
  101. 113Duelbits Crypto Casino Hack: $7M Gone, 0 Suspectstech-insider.org
  102. 114Hackers Still Hold $287 Million in Stolen Crypto That Can't Be Frozen, Blockaid Report Says - Unchainedunchainedcrypto.com
  103. 115Drift Hack: $61M Tornado Cash Trail and Recovery Risksbitcoinfoundation.org
  104. 116Drift exploiter sends $61M ETH to Tornado Cash, holds $194M | LCX Crypto News | LCXlcx.com
  105. 117BlackRock Wants to Put Tokenized Funds at the Heart of Wall Street - US Market & Sectors - Vestedcommunity.vestedfinance.com
  106. 118Ondo's Tokenized Treasury Product Just Passed BlackRock's BUIDL. Is ONDO Undervalued? - 24/7 Wall St.247wallst.com
  107. 119Tokenized Treasuries Market Size: $16B Across 91 Fundsallium.so
  108. 120Tokenized Government Bonds: Market Growth in 2026bitstore.net
  109. 121BlackRock Launches $BUIDL, a Multichain Treasury Fundcryptonews.net
  110. 122Solana’s Alpenglow Upgrade Is About to Go Live. Is SOL a Better Buy Than XRP?247wallst.com
  111. 123Solana Alpenglow Update: what changes on the network | Smithiismithii.io
  112. 124Ethereum Is Testing Blocks Over 3 Times Bigger. Could That Help ETH Catch Up With Solana? - 24/7 Wall St.247wallst.com
  113. 125We Picked 8 Cryptocurrencies to Invest $1,000 in for October 2026coinpaper.com
  114. 126SOL news: Solana completes Alpenglow upgrade. Here’s what it means for userscoindesk.com
  115. 127Solana Is Faster and Cheaper Than Ethereum. So Why Is ETH Worth 5 Times More?finance.yahoo.com
  116. 128Delisted Without a Reason: Crypto's Silent Delisting in 2026 | HOGE Wirehoge.gg
  117. 129ACX at Bitvavo: trading ends on October 27cryptoticker.io
  118. 130Step Finance (STEP) Delistingsupport.kraken.com
  119. 131All Options Exchanges Alerts | MIAXmiaxglobal.com
  120. 13241 Tokens Delisted or Flagged in a Single Day as Trading Dries Up - Seoul Economic Dailyen.sedaily.com
  121. 133Binance Delisting Knocks 2 Altcoins Down as Much as 10% Within Minutes | Market Editor's Pick | CryptoRank.iocryptorank.io
  122. 134USDT or USDC: the key points before October 30cryptoticker.io
  123. 135Circle defends USDC economics as stablecoin rivals court its partners with bigger cutcoindesk.com
  124. 136Coinbase Derivatives to Go Temporarily Offline This Date in October: Reasoncryptonews.net
  125. 137Circle Internet Group Tokenized Stock (Ondo) Price, CRCLON Price, Live Charts, and Marketcapcoinbase.com
Contents
  1. 011. Key takeaways from the week
  2. 022. Market of the week
  3. 033. ETFs and flows
  4. 044. Stablecoins
  5. 055. Regulation
  6. 066. Key projects and incidents
  7. 077. Risk notes
  8. 088. References

1. Key takeaways from the week

Between Oct 17 and Oct 23, 2026, crypto prices ended roughly where they began, while money and rules moved underneath. Five conclusions explain the week; each points to the chapter that holds the evidence, with every status judged against Oct 24.

1. Bitcoin went nowhere, and the stress showed up in leverage and altcoins. Coinbase's Oct 17 close was $81,378 and INN quoted $81,577.22 at 10:00 UTC on Oct 23, a cross-source change of +0.24%. Wednesday's short squeeze took Bitcoin to $84,808, and on Thursday oil near $112 and a 2.55% Nasdaq fall erased it, with a low of $80,989 overnight. Liquidations were $267M on Oct 21 (mostly shorts) and about $431M by Oct 23 (mostly longs). [Chapter 2]

2. ETF money behaved like a fast risk gauge, not a steady bid. US spot Bitcoin ETFs took in $1,074.7M over Oct 19–21 (Farside), then SoSoValue recorded $635.49M of net outflow on Oct 22, with IBIT and FBTC making up 74% of it. Ether funds lost $1.08B in October through Oct 21 on SoSoValue's count, and BlackRock's ETHA was $299M of the prior week's $320.1M outflow (Farside). [Chapter 3]

3. Stablecoin supply was flat, while the first federal issuer rulebook became final. DefiLlama's USD-pegged supply was $304.630B on Oct 18, down 0.47% on the week, and USD1 lost about $401M of market cap from Oct 6 to Oct 19 without leaving its $0.998–$1.000 range. The OCC issued its GENIUS Act rule on Oct 21 and the Federal Register published it on Oct 23. It is final but not yet in effect: it applies from Jan 18, 2027, and it cuts the daily liquidity floor from 10% to 5%. [Chapter 4]

4. In the US, agencies moved while the market-structure bill did not. The CLARITY Act failed cloture 49–50 on Sep 15, 2026, and no later floor action was found as of Oct 23. The SEC's proposed Regulation Crypto Assets (exemptions of $5M, $20M and $75M) drew 30 visible comment letters on Oct 20–21, and the CFTC published an advance notice. In Europe, ESMA's MiCA register reached 375 providers on Oct 19. [Chapter 5]

5. No new large hack appeared, but old losses are still moving and recovery is rare. Wallets linked to the April Drift exploit sent 25,700 ETH (about $61M) to Tornado Cash on Oct 20. DefiLlama counts $2.245B lost across 299 incidents in 2026, and Blockaid found only $9.8M (0.8%) of $1.18B in major exploits had reached victims by Sep 2. Solana's Alpenglow upgrade went live on Oct 21, cutting finality from about 12.8 s to about 150 ms. [Chapter 6]

1.1 Crypto at a glance

Item Value Date Basis Source status Source
Bitcoin price $81,577.22 Oct 23, 10:00 UTC Spot quote Reported INN
Bitcoin week high $84,808 Oct 21 Extended-hours high Reported Investing.com
US spot Bitcoin ETFs, net flow +$1,074.7M (526.7 + 23.2 + 524.8) Oct 19–21 Farside, three trading days Reported Altcoin Buzz
US spot Bitcoin ETFs, net flow −$635.49M Oct 22 SoSoValue, one trading day Reported FinanceFeeds
US spot Ether ETFs, net flow −$1.08B, October to date Through Oct 21 SoSoValue Reported Cryptopolitan
USD-pegged stablecoin supply $304.630B (−0.47% on the week) Oct 18 DefiLlama Reported DailyForex
OCC GENIUS Act rule Final; effective Jan 18, 2027 Issued Oct 21; published Oct 23 Federal Register Final, not yet in effect Federal Register
CLARITY Act, Senate Cloture 49–50, 60 needed Sep 15, 2026 Roll-call vote Bill, stalled CryptoTicker; DataFloq
2026 hack losses $2.245B across 299 incidents As of Oct 19 DefiLlama tracker Tracker DefiLlama

2. Market of the week

Chapter 1 gave the week's conclusions; this chapter sets out the price record behind them, with the time basis of each quote.

2.1 Week at a glance

Item Key figure Date and basis Status Source
BTC morning quotes $82,440.73 → $81,739.33 Oct 19, 9 a.m. ET → Oct 22, 8 a.m. ET Reported Fortune
BTC week low in material $80,989 Night of Oct 22–23 Reported CryptoTicker
BTC / ETH / XRP / SOL $81,577.22 / $2,396.09 / $1.32 / $104.10 Oct 23, 10:00 UTC Reported INN
24h change BTC −3.30%, ETH −3.31%, SOL −3.15% CoinGecko, Oct 23 Reported CryptoTicker
Total market cap $2.9T → $2.75T; BTC share 59.5% Oct 21; Oct 23 morning Reported —
Liquidations $267M (78.3% shorts); about $431M (mostly longs) 24h to Oct 21; 24h to Oct 23 Reported (CoinGlass) —
CoinDesk 20 No dated figure Date not stated Gap —

Bitcoin ended the week roughly where it began. Coinbase's Oct 17 daily close was $81,378 and INN quoted $81,577.22 at 10:00 UTC on Oct 23, so (81,577.22 − 81,378) ÷ 81,378 = +0.24%, a cross-source comparison. In Fortune's series, Bitcoin fell $82,440.73 − $81,739.33 = $701.40, or −0.85%, and Ether fell from $2,421.74 to $2,400.15, or −0.89% ($21.59 ÷ $2,421.74).

Bitcoin went nowhere on the week: Wednesday's short squeeze to $84,808 was erased on Thursday by oil, equities and Fed-hike pricing. The damage showed up below Bitcoin, in altcoins.

2.2 Daily path and drivers

Monday, Oct 19. Bitcoin opened at $82,012.34 and Ether at $2,408.26 (Yahoo Finance). Brent had slid to about $108 from its five-month high. Fed Chair Kevin Warsh gave no signal on October, and October hike odds fell to about 16% (Capital Street FX).

Wednesday, Oct 21. Bitcoin rose 2.28% to $84,333 by evening, with an extended-hours high of $84,808 (week high), and Ether gained 2.44% to $2,493. Yahoo reports Thursday's $84,024.44 open as Bitcoin's highest since Oct 7 and Ether's $2,471.35 as its highest since Oct 14.

Thursday, Oct 22. Bitcoin was at $81,809.90 by 7:15 a.m. ET and Ether at $2,400.36. Brent rose almost 3% to about $112 after fresh attacks on Saudi targets, and Saudi authorities said output at the Shaybah field was unaffected. The Nasdaq fell 2.55% and the S&P 500 1.35%. Another CryptoTicker report rounds this to 2.6% and blames Tesla's lowered spending forecast, and Bitcoin touched a low of $80,989 overnight (venues: $80,836).

Thursday's Bitcoin move is reported as −4.2% intraday (CoinDesk, via CryptoTicker), −2.54% over 24 hours (Investing.com), −3.30% to 00:56 UTC Friday (CoinGecko) and −1.99% between Fortune's two morning quotes. The windows differ; we follow quotes with stated timestamps. INN's "flat over 24 hours" at 10:00 UTC Friday uses a base already near Thursday's morning price.

Fed pricing. The target range is 3.75%–4.00% after September's 25 bp hike. A Reuters poll of Oct 16–20 (estimate, via KuCoin) found 94 of 100 economists expect a hold on Oct 27–28 and all 100 expect a hike on Dec 8–9; September CPI was 3.7% year on year against 3.4% in August. CME FedWatch showed about 85% for no change and 75–92% for a December hike (via Capital Street). The decision is scheduled for Oct 28, 18:00 GMT. The 10-year yield was near 5.3% after the CPI print (about Oct 16–17) and near 5.05% on Oct 19. CryptoTicker's assessment says yields fell on Oct 22, which weakens an oil-to-rates explanation for that day.

2.3 Breadth, volume and leverage

Majors held up better than the rest. Bitcoin dominance was 60.09% on Oct 18, with 14 of the CoinMarketCap top 100 rising and 86 falling (DailyForex). CoinDesk puts dominance at 60% on Oct 21, the highest since May, and its seven-day data show the Memecoin Index down over 5%, Computing Select 3.5% and DeFi Select 2.5%. The median top-500 token fell about 5.8% over the weekend of Oct 17–18, the steepest weekend drop since April (Delta Exchange). CoinGecko's Oct 23 seven-day changes were BTC −1.28%, ETH −2.74%, SOL −2.05% and NEAR −8.19%. Monica (CoinMarketCap data, Oct 19) showed +0.54%, +4.27% and +5.09% for BTC, ETH and SOL; the windows differ, so do not chart the two together.

Volume and size. Spot volume across major venues was $38.05B over 24 hours on Oct 22, and Bitcoin's volume was $28.2B on Wednesday, up 8% on the day before. Bitcoin's market value fell from $1.71T to $1.64T, a $70B loss. Fortune's page text says about $1.33T, which we do not follow: 59.5% × $2.75T ≈ $1.64T.

Leverage. Wednesday's squeeze liquidated $267M, of which shorts were $208.49M; the source says 78.3%, while 208.49 ÷ 267 gives 78.1% on rounded totals. The Thursday–Friday wave hit longs: CoinGlass counted about $431M, another count more than $412M of longs alone, and a third $454.81M across 102,764 accounts, because providers cover different exchanges. The largest single position was an $11.8M Bitcoin long on Binance. The previous week's CPI flush was larger, at $944M, $948.22M and $972M, each a 24-hour window around Oct 15–16.

Technical commentary (opinion). Kitco, via IndexBox, said Bitcoin closed above its daily Cloud on Tuesday, Oct 20, while Ether stayed in daily bearish consolidation. Investing.com sees support at $80,000–$81,250 and resistance from $84,000. Fidelity's Jurrien Timmer says a new bull market "could be underway", while Bloomberg Intelligence's Mike McGlone says Bitcoin is "rolling over" (undated post). An LMAX Group strategist says crypto has moved into "closer alignment with equities". These are views, not forecasts we adopt.

Gaps. The material has no dated CD20 series, no Q3 2026 recap and no single-source weekly open-high-low-close. The Fear & Greed reading (53, "Neutral", Oct 19) comes only from Monica.

3. ETFs and flows

Chapter 2 covered how prices moved during the week; this chapter follows the ETF money behind those moves. Flows are reported by the named tracker for each trading day and are never mixed across trackers.

3.1 Flows at a glance

Item Key figure Date (trading days) Status Source
US spot Bitcoin ETFs, three-day net inflow $1,074.7M = 526.7 + 23.2 + 524.8 Oct 19–21 Reported, Farside Farside via Altcoin Buzz; Investing.com
Same three days, other tracker about $1.08B Oct 19–21 Reported, SoSoValue SoSoValue via BigGo
Bitcoin ETFs, single-day net outflow −$635.49M (IBIT −254.05, FBTC −217.46) Oct 22 Reported, SoSoValue BigGo; FinanceFeeds
Bitcoin ETFs, October to date −$174.5M after Oct 22 Reported, SoSoValue FinanceFeeds; Yahoo Finance
Bitcoin ETFs, cumulative net inflow / net assets $57.32B / $104.71B (6.41% of BTC market cap) Oct 22 Reported, SoSoValue FinanceFeeds
Bitcoin ETFs, prior week −$228.4M Oct 12–16 Reported, Farside crypto.news
Ether ETFs, October to date −$1.08B, largest month of 2026 through Oct 21 Reported, SoSoValue Cryptopolitan
Ether ETFs, prior week −$320.1M, ETHA −$299M Oct 12–16 Reported, Farside crypto.news
Ether ETFs, single-day outflow −$110M (ETHA −75.5, ETHB −17.2) Oct 22 Reported, Farside via BlockBeats KuCoin flash
XRP ETFs, first weekly outflow in 13 weeks −$1.84M Oct 12–16 Reported, tracker not named 24/7 Wall St.

Bitcoin ETFs took in about $1.07B over three sessions and gave back $635M in one, so flows this week behaved like a fast risk gauge, not a steady bid.

3.2 Bitcoin ETFs: three-day inflow, one-day reversal

October began badly. Farside recorded a $484.9M outflow on Oct 7 and $261.4M on Oct 14, and Bitcoin funds lost $678.9M in the week of Oct 5–9 and $228.4M in Oct 12–16. The Oct 12–16 daily prints were −65.4, +175.7, −261.4, +5.1 and −82.4 ($M), which sum to −228.4.

On Oct 19, Farside showed a net $526.7M inflow, the largest since $714.7M on Sept 22 (per Decrypt). BlackRock's IBIT took $665.2M, while Fidelity's FBTC lost $83.6M and Grayscale's GBTC lost $54.9M (665.2 − 83.6 − 54.9 = 526.7). Oct 20 added only $23.2M. Oct 21 added $524.8M, led by IBIT at $235.0M and FBTC at $212.7M, with seven funds in the black. The total was $1,074.7M, an average of 1,074.7 ÷ 3 ≈ $358M a day. A CoinDesk analysis of SoSoValue data puts the average at about $235M a day during three earlier steep rallies and about $86M a day since July. It notes that these averages were not checked against raw daily data. SoSoValue's own prints for the same days were $526.6M, about $23M and $528.4M, or roughly $1.08B. Bitbo's table (source not named) shows +$441.1M for Oct 19, so we exclude it.

The reversal came on Oct 22: SoSoValue recorded −$635.49M, its largest daily net outflow since June 25. IBIT lost $254.05M, FBTC $217.46M, ARKB $109.43M, GBTC $29.53M and BITB $27.35M, while Morgan Stanley's MSBT gained $2.33M.

IBIT and FBTC together were 254.05 + 217.46 = 471.51, or 74% of the 635.49 total, and the other ten funds net lost about $164M (635.49 − 471.51 = 163.98). The outflow is 635.49 ÷ 104,710 ≈ 0.6% of net assets. SoSoValue's October total moved to −$174.5M.

Opinion and analysis, not fact: Nexo's analyst put the average ETF holder's cost basis near $82,300, while Glassnode put it at $80,000–$81,500. Both are estimates. DWF Labs found that selling tends to fade after Bitcoin closes 7% below its 20-day high, though its sample is a pattern, not proof.

3.3 Ether and altcoin ETFs: the heavier drain

Ether funds lost more than Bitcoin funds in the Oct 12–16 week. Farside's Ether prints were −85.4, +24.8, −129.5, −60.3 and −69.7 ($M), a net of −$320.1M. BlackRock's ETHA accounted for $299M, or 299 ÷ 320.1 = 93.4%. Grayscale's ETHE lost $18.3M, its Mini Trust $12.4M and Franklin Templeton's EZET $0.9M; Fidelity's FETH gained $10.5M. According to 24/7 Wall St., that was about 2.1% of Ether ETF assets against 0.2% for Bitcoin funds.

SoSoValue then showed another $103M outflow on Oct 19, the fourth losing day running. Its October total reached −$1.08B through Oct 21, wiping out September's gain of about $832M. Ether funds ended a five-session losing streak on Oct 21 with +$14.9M, and lost $110M on Oct 22 (Farside). One source says Oct 20 had a $26M inflow, which conflicts with the five-session streak; we follow the daily sequence in and. Net assets were $14.98B on Oct 20, 5.01% of Ether's market cap. ETHA held $8.05B against $12.37B of cumulative inflows, and ETHE had $5.49B of cumulative outflows (SoSoValue).

Other products were small:

  • Solana: −$25.5M in the Oct 12–16 week and −$6.7M on Oct 19 (Decrypt). A 13-session redemption run ended on Oct 21 with about +$0.585M.
  • XRP: −$1.84M in Oct 12–16, the first weekly outflow in 13 weeks, on $1.47B in net assets against $1.80B of cumulative inflows, a gap of about $330M. Oct 21 brought about +$0.709M.
  • Hyperliquid and Zcash: −$18M and −$19M that week (SoSoValue).
  • Litecoin: Canary's LTCC took in $581,140 on Oct 19, after seven flat sessions.
  • Hong Kong: a Solana ETF (2831.HK, 0.60% fee, no staking) was reported to list on Oct 13; the material does not confirm the listing.

ETF Action's category view shows how large the asset base is (week not dated):

Category Assets 5-day flow
Bitcoin (22 ETFs) $107.30B −$191M
Ethereum (12) $15.34B −$306M
Altcoin (44) $5.40B −$29M
Multicoin (13) $1.29B −$4M
Total (91 ETFs, 26 issuers) $129.33B −$530M

The columns sum (107.30 + 15.34 + 5.40 + 1.29 = 129.33). ETF Action shows ETHA at −$285M for its week against Farside's −$299M, so trackers are not mixed. CoinShares counted $434M of global outflows in the week to Oct 16, a different scope we do not combine with US ETF data; its report for the week to Oct 23 is not in the material.

Judgement: Ether funds have the weaker trend, but one fund drives it, so read the −$1.08B as an ETHA story more than a broad exit.

4. Stablecoins

Chapter 3 followed money moving through spot ETFs; the cash waiting outside them sits in stablecoins, whose supply barely moved this week while the first federal rulebook for issuing them was finalised.

4.1 Supply and issuers: flat total, one sharp redemption

Item Key figure Date Status Source
USD-pegged stablecoin supply $304.630B, down 0.47% from $306.072B Oct 11 to Oct 18 Reported (DefiLlama) DailyForex
USDT market cap ~$183.5B Oct 19 Reported (CoinGecko) CryptoTicker
USDC market cap ~$72.3B Oct 19 Reported (CoinGecko) CryptoTicker
USD1 market cap $4.01B, from $4.43B on Oct 6 Oct 19 Reported CryptoTicker
USDS / USDe / DAI / PYUSD supply $6.82B / $5.13B / $5.04B / $1.89B Oct 22 On-chain read DeFiStar

Total supply was flat: (304.630 − 306.072) ÷ 306.072 = −0.47%, and the source cannot separate redemptions from deployment. Banxa cites DefiLlama at about $311B on Oct 13 and CoinMarketCap at about $283B. We follow the dated weekly pair; $311B lies above both its endpoints. As a cross-check, 183.5 ÷ 304.63 = 60% for USDT and 72.3 ÷ 304.63 = 24% for USDC, close to the 59% and 24% reported for June 12 (mixed providers, indicative).

Conflict. DeFiStar's Oct 22 on-chain read shows USDT at $195.83B and USDC at $56.18B, against about $183B and $72B from CoinGecko on Oct 22. We follow CoinGecko, which fits the DefiLlama-based shares.

USD1 (World Liberty Financial) was the week's stress test. Its market cap fell about $401M (−9.1%) from Oct 6 to Oct 19 while the price stayed between $0.998 and $1.000. Onchain Benchmark counted $184.60M of net Ethereum redemptions in 63 burns, over 99% through a BitGo-labelled wallet, and $200.43M on BNB Chain, nearly all from one unidentified address. Together that is $385.03M, about 96% of the fall. The issuer's dashboard showed about $4.01B of reserves, matching supply (issuer-reported).

4.2 The OCC final rule under the GENIUS Act

The Office of the Comptroller of the Currency (OCC) issued its rule on Oct 21, 2026. The Federal Register published it on Oct 23, effective Jan 18, 2027, 86 days after Oct 24: status final, not yet in effect. It dates the proposal Mar 2, 2026; Luno says Feb 25, and we follow the Federal Register. The new 12 CFR Part 15 covers national bank subsidiaries, federal branches, nonbank federal qualified issuers, state qualified issuers under the OCC, and foreign issuers; anti-money-laundering rules are a separate rulemaking.

Area March 2026 proposal Final rule
Daily liquidity At least 10% of reserves At least 5%
Weekly liquidity, weighted average maturity Required (Option B) Dropped
Single-counterparty exposure 40% per institution 40% per counterparty, with exclusions
Redemption surge Automatic 7-day extension Notify OCC within 24 hours
Surplus reserve withdrawals Monthly Any time, if reserves stay above issuance
Capital floor / backstop $5M; 12 months of expenses Both kept

Source: Stablecoin Insider. The notice triggers when daily redemptions exceed 10% of outstanding value.

From Jan 18, 2027, issuing without approval carries criminal penalties. Existing issuers with a substantially complete application pending can seek a waiver of up to 12 months (OCC Bulletin 2026-51). Applications are not yet open and await Office of Management and Budget approval. The OCC then has 120 days to decide, so a complete filing on Jan 18 gets an answer by May 18, 2027. Fed and Treasury proposals take comments until Nov 30 (see Chapter 5).

4.3 Reserve easing, the yield gap and the bank response

The OCC loosened the numbers and left the judgement to examiners: reserves got cheaper to run, and the yield fight moved from rule text to supervision.

The statute bars issuers from paying yield. The OCC dropped its proposed presumption against rewards routed through affiliates and third parties, declined to define "interest" or "yield", and gave existing rewards programs no grandfathering or safe harbour (Fox Rothschild).

Circle and Coinbase welcomed the rule, and each stock rose more than 4%. ABA chief executive Rob Nichols said it "will preserve the status quo for crypto platforms despite Congress's clear intent to protect local lending". TD Cowen's Jaret Seiberg called it a "negative for banks" (opinion). The size of the deposit risk is contested, and all of these are estimates:

  • Javelin Strategy & Research puts a shift from demand deposits to stablecoins at $257B to $1.129T, or 1.2% to 5.4% of its modelled deposit base.
  • CryptoSlate's example for a $100B issuer: the liquidity floor falls from 10% × $100B = $10B to 5% × $100B = $5B, and the dropped $500M insured-deposit allocation goes to zero.
  • BIS Working Paper 1382 finds the deposit-rate gap is the clearest driver of flows into stablecoins, from a single high-rate episode, and does not establish deposit or lending losses.

The deposit-flight risk is unproven in both directions.

4.4 Euro coins and payment rails

The material reports no euro-stablecoin depeg this week. Both coins below are MiCA-authorised, but neither has a peg reading.

  • EURCV (Societe Generale-FORGE): supply 168.14M, market cap $188.70M (168.14M × $1.1223 per euro), reserves 100% euro cash at Societe Generale per the issuer's Oct 1 disclosure, Pharos grade A- (81/100) on Oct 20; proof of reserves is self-reported (snapshot Oct 21).
  • EURC (Circle): supply €370.9M on Oct 22.

In the EU, USDC has been a "significant" e-money token since Oct 14, the EBA supervises its issuer from Nov 12, and Coinbase converts EEA balances of USDT, DAI, PYUSD and USD1 into USDC on Oct 30 (CryptoTicker analysis; see Chapter 5).

Three payment launches differ in status:

  • Lead Bank (Oct 20): stablecoin on-ramps, off-ramps and cross-border FX payouts, "available now to Lead partners" (shipping, company blog).
  • Euronet and Fireblocks (Oct 19): stablecoin-funded card issuing on Euronet's Ren and CoreCard platforms (announced; Euronet "plans to offer" it). It cites more than 160 stablecoin-linked card programs on Visa in fiscal Q2 2026, volume up nearly 200% year on year.
  • KlarnaUSD: announced Nov 25, 2025 on Tempo as a testnet; no mainnet launch confirmed as of Oct 22 (Payouts.com).

Annualised B2B stablecoin payments reached $226B, up 733% year on year (estimate; McKinsey and Artemis via Stablecoin Insider).

5. Regulation

Chapter 4 covered the OCC's stablecoin rule of Oct 21. The rest of the rulebook moved slowly: the US market-structure bill sat still, agencies wrote rules without it, and the EU spent the week on licences and a MiCA review.

5.1 Regulation at a glance

Item Key figure Date Status (as of Oct 24, 2026) Source
CLARITY Act (H.R. 3633), Senate Cloture 49–50, 60 needed; no new vote scheduled Vote Sep 15; checked Oct 22–23 Bill, stalled CryptoTicker; CertiK
SEC Regulation Crypto Assets (S7-2026-27) Exemptions of $5M (startup), $20M (Tier 1), $75M (Tier 2) Published Aug 21; letters Oct 20–21 Proposed EY; SEC; Better Markets
CFTC crypto rulemaking Comments within 60 days of Federal Register publication Reported Oct 20 Advance notice (ANPRM) Dodd Frank Update
ESMA MiCA register 375 providers, 9 added Oct 19 In effect (register update) CryptoRank/Coin Republic
French authorities' MiCA review response Consultation May 20–Sep 30 Oct 20–21 Position paper, not law Fincrime Central
Taiwan crypto act 9 sets of supplementary rules Oct 19 Drafting; announced "as early as" Q1 2027 Asia Asset Management

5.2 United States: the bill stalls and the agencies move

The CLARITY Act passed the House 294–134 on Jul 17, 2025 (216 Republicans plus 78 Democrats = 294). Senate Banking advanced its substitute 15–9 on May 14, 2026. On Sep 15, 2026 the Senate's motion to open debate failed 49–50, 11 votes short of 60. No Democrat voted yes. Collins, Hawley, Moran and Tillis voted no, and Tillis then filed a motion to reconsider. CertiK ties the failure to disputes over officials' crypto ethics rules and stablecoin rewards. As of Oct 23, 38 days (15 left in September plus 23 in October) after the vote, DataFloq found no later floor action. It quotes Davis Wright Tremaine, Sep 21: "we do not foresee a new bill being able to garner 60 Senate votes in the near- or mid-term" (law-firm opinion). The 119th Congress ends Jan 3, 2027, and an unpassed bill starts over. Lobbying continues: Ripple spent $980,000 in Q3 ($520,000 in-house plus $150,000 + $150,000 + $110,000 + $50,000 to four outside firms).

With CLARITY stalled since Sep 15, US crypto rules are being set by agency proposals, which a later administration can reverse, not by statute.

SEC. Regulation Crypto Assets would exempt certain crypto investment-contract offerings from Securities Act registration: a one-time $5 million startup exemption over four years, and a fundraising exemption of up to $20 million (Tier 1) or $75 million (Tier 2) in any 12 months, with audited statements only for Tier 2. The proposal was published at 91 Fed. Reg. 54510 on Aug 21. The SEC docket's visible first page lists 22 letters dated Oct 20 and 8 dated Oct 21, from Coinbase, Nasdaq, Uniswap Labs, the Blockchain Association and others; the closing date is not stated. Better Markets (Oct 20) urges the SEC to withdraw it, arguing the Commission has not justified exempting these offerings. EY's Oct 22 digest adds a custody proposal that would let registered advisers and state trust companies hold crypto assets, and notes Commissioner Hester Peirce is leaving (date not stated).

CFTC. The agency published an ANPRM on "fit-for-purpose rules" for retail commodity transactions in crypto assets. Chairman Michael Selig called it a critical step (Dodd Frank Update, Oct 20). CryptoTicker gives a Dec 14, 2026 comment deadline. Counting back 60 days implies publication about Oct 15 (our arithmetic).

Enforcement. No crypto-specific SEC or CFTC action dated Oct 17–23 appears in the material. Sher Tremonte's Oct 22 review says SEC Enforcement Director David Woodcock (Sep 18) named retail fraud involving purported crypto trading platforms as a priority.

Stablecoin rule. The OCC finalized its GENIUS Act rule on Oct 21, with the rule and the Act both effective Jan 18, 2027. On Oct 23 a Federal Register notice opened comment on OCC issuer reporting forms until Nov 23, which is 31 days. Comments on the Federal Reserve’s two proposals and on Treasury’s state-certification rule close Nov 30 (Sullivan & Cromwell, via DataFloq). See Chapter 4.

5.3 Europe and elsewhere: licences, a MiCA review and tax reporting

MiCA licensing. ESMA's register added nine providers on Oct 19, reaching 375 (as reported by Coin Republic). BingX's Austrian entity is authorised for four services but not for a multilateral trading platform, leveraged derivatives or investment advice. YouHodler Italy holds CONSOB resolution No. 24156 of Oct 8. CASP Tracker, an aggregator, counts 17 of the 100 largest exchanges as licensed on Oct 22.

MiCA review. The French Treasury, AMF, Banque de France and ACPR filed a joint response to the Commission's review. They want a ban on EU providers serving non-compliant stablecoins. CryptoTicker adds that they want providers to answer for certain DeFi losses where they actively facilitated access. The Treasury dates the paper Oct 20 and the AMF its release Oct 21; we use Oct 21. It amends no rule.

USDC. CryptoTicker reports USDC became the EU's first "significant" e-money token on Oct 14, with EBA supervision from Nov 12 and Coinbase's EEA conversion of non-compliant stablecoins due Oct 30. See Chapter 4 for the stablecoin figures.

Asia and UK. Taiwan's FSC chair Jin-Lung Peng told lawmakers on Oct 19 that nine sets of supplementary rules could be announced as early as Q1 2027. The material holds no in-window item for Hong Kong, Singapore, Japan or South Korea. According to DeFiStar.io, the UK cryptoasset regime goes live on Oct 25, 2027.

Tax reporting. As of September, CoinGeek counts, for the OECD Crypto-Asset Reporting Framework (CARF), 77 committed jurisdictions, 46 exchanging from 2027, 27 from 2028 and the US from 2029. Australia released a draft bill on Oct 15. The Bundestag approved the CARF treaty act on Oct 8. The UAE Ministry of Finance issued a readiness circular in October (day not stated) targeting Jan 1, 2027. The first report for 2027 is due by Jun 30, 2028, and the first exchange is set for Sep 1, 2028. In the EU, TaxDo says DAC8 has applied since Jan 1, 2026 and first reports are filed in 2027.

6. Key projects and incidents

Chapter 5 covered the rule-makers; this chapter covers what projects shipped, what was stolen and what exchanges removed in the week of Oct 17–23, 2026 (status judged as of Oct 24).

6.1 The week at a glance

Item Key figure Date Status Source
Solana Alpenglow Finality about 12.8 s to about 150 ms Oct 21 Live on mainnet Solana (via Smithii); CoinDesk
Ethereum Glamsterdam Hoodi testnet, 200M gas limit Oct 26, 17:42 UTC Announced Oct 16; no mainnet date 24/7 Wall St (reporting Ethereum Foundation)
Drift-linked wallets 25,700 ETH (about $61M) into Tornado Cash Oct 20 Reported (on-chain trackers) Cointelegraph (via LCX)
Stolen funds still held $287.1M, 16 incidents Report of Oct 19 Published (security vendor) Blockaid (via Unchained)
2026 hack losses $2.245B, 299 incidents As of Oct 19 Tracker DefiLlama
USDY vs BUIDL $2.32B vs $2.20B Oct 12 Tracker Allium
Binance EPIC and QUICK Spot trading ends Oct 28, 03:00 UTC Announced Oct 14 HOGE Wire
Korean exchanges 41 tokens delisted or on watch Oct 16 Reported Seoul Economic Daily

No new large hack appears in this week's material. The biggest incident news was a replay of April's Drift theft (about $61M of ETH sent to Tornado Cash on Oct 20), and the one mainnet change that shipped was Solana's Alpenglow on Oct 21.

6.2 Incidents: one replay and a long tail of small thefts

Drift. Drift, a Solana-based exchange, reported about $295M lost in the April 1 exploit. It said in June that Mandiant attributed the attack to UNC6862, a North Korean group (claimed by Drift). On Oct 20 a linked wallet put 25,700 ETH into Tornado Cash over two hours, its first movement in two months (Lookonchain, via Cointelegraph). Arkham shows 81,454 ETH (about $194M) still in exploiter-linked addresses. The figures reconcile: Blockaid counted 107,165 ETH in three Drift attacker addresses on Sep 2, and 107,165 − 25,700 = 81,465, within 11 ETH of Arkham. Drift's recovery-token claims opened Oct 1 with about $3.1M in the pool, which is 3.1 ÷ 295 ≈ 1% of the loss. A related-story headline says "$280M"; we follow Drift's reported $295M.

Scale and recovery. DefiLlama lists $2.245B lost across 299 incidents in 2026 (as of Oct 19). The largest is Bitget, $387M on Sep 24 (hot-wallet key compromise), which is 387 ÷ 2,245 ≈ 17% of the total. Drift ranks third, behind Bitget and the $320M Liquid Network exploit. Blockaid's report of Oct 19 covers 60 major exploits from January to August, totalling $1.18B. Only $9.8M (0.8%) had reached victims by Sep 2, and a further $81.4M was frozen but not returned. The median delay before attackers moved funds was 17 minutes. Of the $91.2M frozen or returned (9.8 + 81.4), 99.1% came from protocol, governance or validator controls, including the Arbitrum Security Council's roughly $71M Kelp DAO freeze. Blockaid sells screening tools, so read its advice to agree freeze authority in advance as a vendor's view.

The long tail. DefiLlama's list shows ten October incidents with amounts up to Oct 14. They add up to about $6.2M; NEAR Intents ($3.8M, Oct 1, bridge logic flaw) and Papertrade ($1.28M, Oct 10, oracle manipulation) account for $5.08M of it. Shattered.io reports a roughly $6M drain of a Base vault on Oct 4 through a multisig whitelist change; the operator is unnamed and DefiLlama's list does not show it, so treat it as claimed. Duelbits' Sep 24 hot-wallet theft (about $7M, confirmed by its co-founder; Rekt traced $6.07M) still had no recovery by Oct 19, per Tech Insider.

6.3 Upgrades and tokenization

Solana Alpenglow went live on Oct 21 (epoch 1064), per Solana's own post. CoinDesk says the handover took about 900 ms, with 446 of 654 validators (68%) voting on the starting block, according to the Solana Foundation. Finality falls from about 12.8 s to about 150 ms, a cut of (12.8 − 0.15) ÷ 12.8 ≈ 99%; CoinDesk calls 150 ms a target under normal conditions. Only the Votor voting layer is live; Rotor has no date (according to Smithii). Sources disagree on the start minute (about 13:20, 13:36 or 14:50 UTC); we use the date only.

Ethereum Glamsterdam is still a testnet project. On Oct 16 the Ethereum Foundation protocol team announced Hoodi activation for Oct 26 at 17:42 UTC with a 200M gas limit, against about 60M on mainnet (200 ÷ 60 ≈ 3.3×). Sepolia ran it on Oct 6. It bundles EIP-7732 (proposer-builder separation), EIP-7928 (block-level access lists) and EIP-8037 (costlier new state); no mainnet date is set.

Tokenized treasuries. On Allium's Oct 12 data the segment is $16.17B across 91 assets and 36 issuers:

Fund (Allium, Oct 12) On-chain market cap Holders
Ondo USDY $2.32B 8,217
BlackRock BUIDL $2.20B 55
Spiko EUR fund $1.64B 9,054
JPMorgan OnChain MMF $0.74B 4
State Street sweep fund $0.16B 5

USDY's lead is 2.32 − 2.20 = $0.12B. 24/7 Wall St (week ending Oct 17) has $2.33B against $2.2B, a lead one large deposit could erase. Bloomberg, via a Vested post, puts BUIDL near $2.3B; we follow Allium's dated $2.20B. RWA.xyz (via Bitstore) has the US Treasury segment at about $14.9B in mid-October, up from $8.9B at the start of 2026 (+67%) and below an early-August peak of about $16B. The trackers differ in scope and are not mixed. USDY is sold only to non-US buyers under Regulation S, while BUIDL is permissioned. The crossover therefore reflects access, not a bigger institutional franchise. JPMorgan's Kinexys introduced the JPM Coin deposit token on Ethereum on Oct 19 (reported).

6.4 Exchanges and issuers: delistings, maintenance, distribution

Binance announced on Oct 14 that spot trading in EPIC and QUICK ends on Oct 28 at 03:00 UTC, with no reason given. Futures contracts were settled on Oct 20. After the notice QUICK fell about 10% and EPIC about 9% before recovering, per TradingView data cited by BeInCrypto; HOGE Wire, citing crypto.news, has 20% and 11%. We follow the TradingView figures because they carry a time basis. Korea: 103 tokens were dropped by the five won-based exchanges through Q3, 2.6 times the 40 of a year earlier. On Oct 16 alone 20 were delisted and 21 placed on watch (20 + 21 = 41), according to Seoul Economic Daily's analysis of DAXA data. Bitvavo ends ACX trading on Oct 27 at 14:00 CET and converts leftovers to euros by Nov 5 (announced). Coinbase suspended BLAST and told holders to move assets before the Blast network shutdown on Oct 26; its futures exchange has nine hours of scheduled maintenance from 5:00 AM CT on Oct 24 (U.Today). MIAX's Oct 20 notice says options on the CoinShares Bitcoin and Ether ETF (BTF) will be delisted; the effective date is not in the excerpt.

Circle argued on Oct 16 that it kept about 7 cents per revenue dollar in H1 2026. Revenue was about $1.4B, distribution and transaction costs $819M and other costs $473M, so 1,400 − 819 − 473 ≈ $108M (CoinDesk, reporting Circle's blog). Coinbase, its largest partner, also backs the rival Open USD network. Coinbase's EEA stablecoin conversion on Oct 30 is in Chapter 4.

7. Risk notes

Chapters 2–6 covered prices, flows, stablecoins, rules and incidents. This chapter turns them into risk notes, a table by reader and a dated watch-list. It uses only facts from earlier chapters, and it is not investment advice.

7.1 Where the risk sits

  • Leverage. One squeeze and one flush liquidated $267M and about $431M within three days, and the previous week's CPI flush was larger at $944M. Indicators: the $80,000–$81,250 support zone named by Investing.com (opinion), and the Fed decision on Oct 28, where a Reuters poll (estimate) has all 100 economists expecting a December hike.
  • Flows. A $1.07B three-day inflow was followed by a $635.49M one-day outflow, so flows can reverse faster than they build. Estimates put the average ETF holder's cost basis at $82,300 (Nexo) or $80,000–$81,500 (Glassnode), near where Bitcoin traded. Ether outflows are concentrated in ETHA, so read them as one fund's story. Indicator: daily prints from one named tracker, never mixed.
  • Regulation. The CLARITY Act has been stalled since Sep 15, and the 119th Congress ends Jan 3, 2027, when an unpassed bill starts over. The OCC rule leaves the yield question to examiners, with no safe harbour for existing rewards programs.
  • Depeg and redemption. USD1 lost about $401M of market cap in two weeks, with $385.03M traced to net redemptions on two chains, yet its price held between $0.998 and $1.000. No euro-stablecoin depeg was reported.
  • Hacks. The week had no new large theft, but $287.1M of stolen funds is still held and the median attacker moves funds within 17 minutes. Only $9.8M of $1.18B had reached victims.

7.2 What changed and what it implies, by reader

Prices were flat, but leverage, ETF flows and stablecoin rules all shifted: treat Oct 28 to Jan 18 as a calendar of dated rule and policy events, not a trend.

Reader What changed Implication Evidence
Traders Wednesday's squeeze to $84,808 was erased by Thursday; liquidations hit shorts, then longs Both sides were caught within three days, so position size matters more than direction; the Fed decision on Oct 28 is the next scheduled catalyst —
ETF allocators Farside's $1,074.7M three-day inflow reversed on Oct 22 (SoSoValue −$635.49M, 0.6% of $104.71B net assets) Compare each tracker with itself; one outflow day does not cancel three inflow days, but the October total for Bitcoin funds is −$174.5M —
Treasurers and stablecoin users The OCC rule is final; daily liquidity falls to 5% of reserves; supply was flat and USD1 shrank Check which issuer and rulebook your balance sits under; the rule applies from Jan 18, 2027, and the OCC takes up to 120 days to decide on a complete application —
EEA users and exchanges USDC is a "significant" e-money token; Coinbase converts non-compliant balances on Oct 30; EBA supervision starts Nov 12 Affected balances can be withdrawn or swapped until Oct 30; after that Coinbase converts them at the market rate —
Builders and protocols Alpenglow is live on Solana; Glamsterdam is testnet-only; Drift-linked funds are moving Plan freeze authority and monitoring in advance, because recovery is rare and attackers move in minutes —

7.3 Key dates

Dates already past on Oct 24, 2026 are marked "In effect".

Date Event State on Oct 24, 2026 Source
Oct 14, 2026 USDC becomes the EU's first "significant" e-money token In effect CryptoTicker
Oct 21, 2026 OCC issues its GENIUS Act rule; Solana Alpenglow goes live In effect DataFloq; Smithii
Oct 23, 2026 OCC rule published in the Federal Register In effect Federal Register
Oct 26, 2026 Ethereum Glamsterdam on Hoodi testnet, 17:42 UTC; Blast network shutdown Upcoming 24/7 Wall St; U.Today
Oct 27, 2026 Bitvavo ends ACX trading, 14:00 CET Upcoming CryptoTicker
Oct 28, 2026 FOMC decision, 18:00 GMT; Binance ends EPIC and QUICK spot trading, 03:00 UTC Upcoming Capital Street FX; HOGE Wire
Oct 30, 2026 Coinbase converts non-compliant EEA stablecoin balances into USDC Upcoming CryptoTicker
Nov 12, 2026 EBA begins direct supervision of the USDC issuer Upcoming CryptoTicker
Nov 23, 2026 Comments close on OCC issuer reporting forms Upcoming Federal Register
Nov 30, 2026 Comments close on Fed and Treasury stablecoin proposals Upcoming DataFloq
Dec 8–9, 2026 FOMC meeting; Reuters poll (estimate) expects a hike Upcoming KuCoin
Dec 14, 2026 CFTC crypto ANPRM comment deadline (per CryptoTicker) Upcoming CryptoTicker
Jan 3, 2027 119th Congress ends; unpassed bills start over Upcoming CryptoTicker
Jan 18, 2027 OCC rule and GENIUS Act take effect Upcoming Federal Register

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  85. 41 Tokens Delisted or Flagged in a Single Day as Trading Dries Up - Seoul Economic Daily — en.sedaily.com
  86. Drift Hack: $61M Tornado Cash Trail and Recovery Risks — bitcoinfoundation.org
  87. $6M Gone in 19 Min: Base DeFi Vault Hack 2026 — shattered.io
  88. Duelbits Crypto Casino Hack: $7M Gone, 0 Suspects — tech-insider.org
  89. Solana’s Alpenglow Upgrade Is About to Go Live. Is SOL a Better Buy Than XRP? — 247wallst.com
  90. Ondo's Tokenized Treasury Product Just Passed BlackRock's BUIDL. Is ONDO Undervalued? - 24/7 Wall St. — 247wallst.com
  91. BlackRock Wants to Put Tokenized Funds at the Heart of Wall Street - US Market & Sectors - Vested — community.vestedfinance.com
  92. Tokenized Government Bonds: Market Growth in 2026 — bitstore.net
  93. Solana Is Faster and Cheaper Than Ethereum. So Why Is ETH Worth 5 Times More? — finance.yahoo.com
  94. Binance Delisting Knocks 2 Altcoins Down as Much as 10% Within Minutes | Market Editor's Pick | CryptoRank.io — cryptorank.io
  95. ACX at Bitvavo: trading ends on October 27 — cryptoticker.io
  96. Coinbase Derivatives to Go Temporarily Offline This Date in October: Reason — cryptonews.net
  97. All Options Exchanges Alerts | MIAX — miaxglobal.com
  98. Circle defends USDC economics as stablecoin rivals court its partners with bigger cut — coindesk.com
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