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Bitcoin fell as low as $80,789.61 on Thursday, October 22, according to exchange data via TradingView. That was 4.7% below the high of about $84,800 it reached the day before. The drop came as renewed doubts over AI spending sent the Nasdaq Composite down 2.6%, its worst day since June, and the S&P 500 down 1.2%. Bitcoin stabilized near $81,700 on Friday.Crypto Trades Like TechAnalysts said the move was driven by tech stocks rather than anything specific to crypto. Mixed results from Tesla and Meta revived questions about the payoff from AI investment, and Citadel founder Ken Griffin had said earlier in the week that investors are “almost certainly” in an AI bubble.“Tech sold off, and crypto trades like tech right now, so it went down with it,” said Hugo Renaudin, CEO of Ulys.Luke Davis, founder of Bull Market Blueprint, described it as an “everything” sell-off, with investors cutting exposure across technology and crypto while higher oil prices kept inflation risks in view. The damage was mostly confined to tech, however: an equal-weighted version of the S&P 500 rose 0.73% on Thursday. Davis also pointed to this week’s disclosure of critical vulnerabilities in PHP, the programming language behind most websites, as a source of unease.Leveraged Longs Flushed OutSeveral analysts said leverage turned a routine dip into a sharp one.“Leveraged longs who bought the push toward $84,800 hoping for a breakout yesterday got flushed,” said Ryan Myher, COO of Genius. He noted spot Bitcoin ETFs took in more than $1 billion earlier in the week, though preliminary data shows outflows on Thursday.Renaudin said many traders were long with borrowed money, and those positions were closed automatically as prices fell.Derivatives Point to a Price Move, Not a RepositioningNexo analyst Iliya Kalchev said derivatives data suggests the drop was a price move rather than a shift in positioning. Open interest fell roughly in line with price, implying the number of contracts barely changed. Funding rates were near zero and implied volatility stayed near its 2026 lows. He added that $85,000 and $86,000 calls expiring Oct. 30 were the most traded on Deribit, even as short-dated puts still cost more than calls.Jeff Anderson, head of US at STS Digital, said bitcoin remains a beta play on tech, and that AI valuation and debt concerns pushed it back to the middle of its trading range.A Range-Bound Outlook to the MidtermsPaul Howard, senior director at trading firm Wincent, expects the range to hold.“I maintain my view that Bitcoin will remain range-bound between $80,000 and $85,000 in the near term, with this trading pattern likely to persist until the U.S. midterm elections,” Howard said. The midterms take place on November 3.

On October 24, an early Ethereum participant who acquired 100,000 ETH during the ICO for $0.31 per coin sold another 1,000 ETH six hours earlier. According to BlockBeats On-chain Detection, Lookonchain tracked the transaction.

On Oct 24, 2026, 14:14 PM(UTC). According to Binance Market Data, BNB has dropped below 730 USDT and is now trading at 729.890015 USDT, with a narrowed 2.31% decrease in 24 hours.

The U.K. Financial Conduct Authority (FCA) said in draft guidance CP26-36 that crypto trading apps that select venues or execution routes for clients based on price, liquidity, cost or speed may need authorization under rules taking effect on October 25, 2027. According to Odaily, existing U.K. crypto firms must submit applications between September 30, 2026, and February 28, 2027.
The FCA identified changing an order, deciding when to execute it, or selecting a route based on counterparty risk or expected outcomes as indicators of discretionary involvement. Automation does not exempt developers or operators, while interfaces that only transmit orders without affecting execution may qualify for a technology-services exemption.
The consultation period ends November 18. The FCA is targeting publication of final guidance in January 2027, while the consultation document also refers to a spring timeline.

The U.S. Office of the Comptroller of the Currency (OCC) has issued its final stablecoin rule under the GENIUS Act, effective January 18, 2027. According to Odaily, the rule removes a provision that automatically extended redemption processing to seven calendar days when demand exceeded a threshold.
The rule defines “timely redemption” as the issuer initiating payment or crediting the issuer’s account upon request; a bank’s subsequent crediting of funds is treated as a separate step. Eligible redemption requests generally must be processed within two business days, excluding weekends and federal holidays.
If redemption requests for a single brand exceed 10% of its circulating supply within 24 hours, the issuer must notify the OCC’s supervisory office within 24 hours. Regulators may decide whether to extend processing time, and issuers may not delay redemptions because of onboarding deficiencies.
A revised confidential PS-01 report will track outstanding tokens, average redemption times, and the amount of redemptions taking more than two business days. The first weekly and quarterly reports are scheduled for January 25 and March 31, 2027, respectively, subject to approval by the Office of Management and Budget.

An address labeled as a Polygon multisig wallet, “0xFA5,” transferred 52.928 million POL to a staking contract, worth about $4.82 million. According to ChainCatcher, the transfer was identified in Arkham monitoring data. Market analysts linked the increase in Polygon staking activity to rising APY and said it could support POL and ease downward price pressure.

More than 230,000 BTC moved on-chain on October 23 in the largest burst of large-UTXO spending so far in 2026, according to on-chain analyst Darkfost. Spending of UTXOs individually worth more than $1 million exceeded $21 billion, and the activity likely came from a single entity. Most of the coins had been dormant for one to six months, while about $4.6 billion came from long-term holders who had held for one to three years.Darkfost said the coins appear to have moved between addresses rather than being sold, because there was no comparable surge in exchange-related spending. The market impact will depend on where the coins go next, and realized profit and loss metrics could shift sharply if the moves reflect gains or losses being locked in.

A whale that sold ether bought near $1,647 for an $8.99 million profit has rotated into a $51.56 million long position in crude oil, according to on-chain analyst Yu Jin. The position comprises $30.78 million in CL (WTI) and $20.78 million in BRENTOIL perpetual contracts, opened about three days ago. It showed an unrealized profit of about $1.9 million after crude rose 4% on Thursday, when Brent settled at $113.17, its highest close since May 4. The trading venue, leverage and entry prices were not disclosed.

Binance announced on X a new spot trading competition featuring PEPE/USDC and other trading pairs, with participants competing to share 400 BNB. The announcement also describes a limited-time prize pool offering additional rewards based on trading activity: users who trade more can receive larger extra rewards. It does not specify the competition’s start or end date, the full list of eligible trading pairs, how the 400 BNB will be allocated, or the conditions for earning the additional rewards. No further details about eligibility or the prize pool were included in the announcement.

An unidentified institution transferred 156,690 AAVE and 19.74 million WLD after remaining inactive for more than a year, possibly preparing to sell the tokens. According to Foresight News, Lookonchain monitored the transfers. As of the report, the institution had deposited 62,000 AAVE and 19 million WLD to exchanges.

Franklin Templeton added about $150 million in shares of its tokenized money market fund to the XRP Ledger earlier Friday, placing all the new shares in one wallet. The wallet holds nearly 193 million sgBENJI shares, worth about $200 million at the recorded $1.039 share price, according to CoinDesk. Its eight signing addresses match those of Franklin’s issuing account, and any two can authorize a transaction; Franklin can also approve, freeze or recover the tokens. It remains unclear whether the wallet represents one investor or multiple clients.

South Korea's government and the Bank of Korea plan to revise the Foreign Exchange Transactions Act this year to regulate stablecoins as payment instruments and establish a virtual asset monitoring framework. According to Odaily, the Bank of Korea is coordinating with the government on oversight of cross-border digital asset transactions and plans to develop an international cooperation framework to combat illegal digital asset trading.
South Korea is also drafting a Digital Asset Basic Act covering exchange licensing and rules for stablecoin issuance. Financial Services Commission Chairman Lee Eog-weon said Thursday that discussions on the bill were nearly complete and that the government would move to enact it as soon as possible.

Bitdeer said on X that it sold all 283.4 BTC it produced this week, with no net accumulation. According to Odaily, as of October 23, the company held zero BTC, excluding customer deposits.

Trader Salem1299534 sold all 20.06 million AI tokens held, and the sale was followed by an immediate 15% drop in the token’s price. According to BlockBeats On-chain Detection, the transaction occurred about two hours before the report and exchanged the tokens for 461 ETH.
The trader had previously spent about $980,000 to buy AI and recovered about $3.12 million from selling, for a reported total profit of approximately $2.14 million.

On Oct 24, 2026, 15:17 PM(UTC). According to Binance Market Data, BNB has dropped below 720 USDT and is now trading at 719.469971 USDT, with a narrowed 3.69% decrease in 24 hours.

Whale Alert reported on X that USDC Treasury minted 250 million USDC on the Solana network at 5:21 AM (UTC+8). According to ChainCatcher, Solscan data showed that the MintTo transaction was successfully confirmed.

Uniswap drew 2,295 new UNI wallets in one day, its largest influx in four years, while UNI fell 25.75% over the past month to $6.93. Santiment said the count marked the fastest network growth since November 2022, according to BeInCrypto. Santiment linked the increase to Uniswap v4 features, wider liquidity routing and work on Unichain; v4 TVL rose about 17% over the past month to $1.44 billion. Analysts identified $7 as a key level: a break could expose $6 to $6.50, while holding it with sustained wallet growth could bring $8 into view. UNI was down 3.82% over the past 24 hours.

HSBC is introducing its Hong Kong dollar stablecoin, RedCoin (RCHKD), through PayMe, with wallet activation set to open gradually over the coming days. According to Odaily, PayMe has more than 3.3 million users and 100,000 merchants. Eligible users can exchange HK$1 from their PayMe balance for one RedCoin, then transfer the token within PayMe or spend it at merchants that accept the service.

Strategy and Strive must balance bitcoin purchases with rising dividend costs to sustain demand for perpetual preferred stock. Fidelity said the securities funded purchases of 135,979 BTC since 2025 through Oct. 5; Bitwise expects ETFs to remain the larger demand source, according to CoinDesk, while preferreds appeal to yield investors. The market is about $12 billion, and growing issuance raises payout obligations. Strategy spent $193 million repurchasing STRC while buying 267 bitcoin and raised its repurchase authorization to $3 billion. Below-par prices could deter new issuance, and Strategy has sold bitcoin to fund dividends. U.S. spot bitcoin ETFs have drawn about $57 billion in net inflows and hold around $106 billion in assets.

According to Jin10, holdings in the world’s largest gold ETF, SPDR Gold Trust, fell by 3.991 tonnes from the previous day to 1,041.653 tonnes.

On Oct 24, 2026, 15:17 PM(UTC). According to Binance Market Data, Ethereum has dropped below 2,300 USDT and is now trading at 2,291.090088 USDT, with a narrowed 4.50% decrease in 24 hours.

An address closed a SOL long position worth about $6.34 million and opened a short position worth about $10 million, holding 98,219.31 SOL. According to Odaily, the address’s contract account has accumulated profits of about $22.65 million. The address is 0x469e9a7f624b04c24f0e64edf8d8a277e6bf58a5.

The foreign ministers of Turkey, Egypt, Pakistan and Saudi Arabia met in Istanbul on the evening of October 23 and issued a joint statement outlining their shared positions on Palestine, Yemen and navigation through the Strait of Hormuz, and agreeing to consult closely on these issues. According to Sina Finance, the statement called Israel’s occupation the root cause of instability inside and outside the region and urged the early implementation of a two-state solution under relevant United Nations resolutions, supporting an independent, sovereign Palestinian state based on the 1967 borders with East Jerusalem as its capital. The four countries condemned Israeli settlement activity in the West Bank and Jerusalem and violence by settlers against Palestinians, and stressed that humanitarian aid must continue to enter Gaza and that Gaza’s reconstruction should advance. On Yemen, they condemned continued Houthi attacks on Saudi Arabia, particularly those targeting civilians and civilian infrastructure, as well as attacks on commercial vessels in the Red Sea and the Bab el-Mandeb Strait; they called on the Houthis to immediately halt all military actions, threats and attacks and return to the political process. The statement said disruptions to maritime routes were affecting global supply chains and the transport of energy, fertilizer and food, called for resolving the U.S.-Israel-Iran conflict through dialogue and diplomacy, supported the Islamabad Memorandum of Understanding, opposed measures and restrictions that obstruct lawful navigation, and urged the prompt, full restoration of free and safe passage through the Strait of Hormuz.

The U.S. Internal Revenue Service is preparing to revise its voluntary disclosure program, with plans to lower penalties and resolve tax violations more quickly, including cases involving cryptocurrency, Forbes reported Friday. According to Cointelegraph, IRS Criminal Investigation Chief Jarod Koopman said the agency aims to introduce the revised program before December and hopes to resolve cases within 120 days after taxpayers complete the required submission process. The proposal would not create a separate disclosure pathway for digital assets. Koopman told attendees at the UCLA Extension Tax Controversy Conference that crypto-related matters would be handled under the same voluntary disclosure procedures used for other forms of tax noncompliance. He also indicated that penalties under the revised program would be substantially lower than those currently imposed, but did not give specific figures. The agency is considering options that would let taxpayers settle outstanding liabilities through installment plans or offers in compromise.
The proposed changes would replace a process that can take a year or longer to complete, Forbes reported. The IRS’s current voluntary disclosure program is designed for taxpayers whose willful failure to comply with tax laws could expose them to criminal prosecution; it is not intended for people who made unintentional reporting errors. Separately, lawmakers are considering a voluntary disclosure program specifically for crypto taxpayers, including those seeking to correct unintentional reporting errors. Section 502 of the proposed Digital Asset Tax Certainty Act would establish a process for addressing past violations with defined penalties. That proposal differs from the IRS’s existing program, which primarily covers willful tax noncompliance. The bill cleared the House Ways and Means Committee in September.

Trader Dr Profit said on X that each time Bitcoin reaches the $79,000-$81,000 target zone on his chart, he sees an opportunity to add to existing long positions rather than a signal to panic-sell. According to ChainCatcher, he said he is currently following this strategy.

US stocks closed lower on Friday, October 23, with the Dow Jones Industrial Average down 652.82 points, or 1.23%, to 52,215.16. The S&P 500 slipped 0.52% to 7,623.68, and the Nasdaq Composite edged down 0.21% to 25,955.34. Rising oil prices weighed on the broad market, and nearly three in four S&P 500 stocks fell, led by consumer staples and financials. Chipmakers steadied after Thursday’s rout. Early in the session, Accenture fell about 3% and Meta 1.6%, while the VIX rose 6.31% from Thursday’s close of 19.03.For the week, the S&P 500 lost 0.5% and the Nasdaq 0.7%, while the Dow gained about 1.4%.

Initia halted its Layer 1 blockchain and rollups on Friday after a security incident in which an attacker reportedly minted tokens. The attacker minted and bridged out about $2.7 million in AUSD, ETH and USDC before the chain was paused, according to The Block. Co-founder Ezaan Mangalji said preliminary findings pointed to a previously unknown “Day 0” bug in the network’s MoveVM implementation on Cosmos SDK; the bug does not affect native INIT tokens. Initia is investigating with security teams, validators and exchanges and has not confirmed the amount lost. INIT fell 14% after the exploit was reported, then reversed losses and was up 14% on the day.

Aave adjusted USDT borrowing-rate parameters in its Ethereum Core market at block height 26,241,799, lowering the utilization kink from 94% to 92%. According to Odaily, the new parameters set optimal utilization at 92%, the base rate at 0, the first slope at 4.5% and the second slope at 10%; the rate is 4.5% APR at the kink and 14.5% APR at 100% utilization. At 94% utilization, the old curve set borrowing APR at 4.5%, compared with 7% under the new curve, a 2.5-percentage-point increase.
LlamaRisk recommended the adjustment on October 20. Based on a supply of 2.8922 billion USDT, 92% utilization leaves about 57.84 million more USDT unborrowed than 94% utilization. That buffer is not equivalent to actual cash, and withdrawals still depend on available unborrowed liquidity. An October 23 snapshot showed about 391.4 million USDT in cash in the pool, variable borrowing APR of about 4.23% and supply liquidity APR of 3.29%.

According to Jin10, COMEX gold speculators’ net long positions fell by 2,392 contracts to 108,685 in the week ended October 20; silver speculators’ net longs fell by 1,988 to 3,746, and copper speculators’ net longs fell by 13,161 to 48,009.

Swell has suspended deposits and withdrawals of its liquid staking token swETH and restaking token rswETH until their net asset values return to correct levels; it has not announced when services will resume. According to Odaily, Swell announced the suspension at 2:39 a.m. Eastern time on October 23.
On-chain data showed that at 16:48 that day, the contracts reported rates of about 1.203 ETH per swETH and 1.138 ETH per rswETH. Those rates were about 6% and 5% above the normal rates cited by Spreek: 1.133 ETH and 1.082 ETH, respectively. On decentralized exchanges, swETH traded for about 1.089 WETH and rswETH for about 1.029 WETH, both below the contract-reported rates.
Spreek said the administrator keys for both tokens were suspected of being compromised on October 21 at 21:28. The net asset values were allegedly increased by up to 1% per hour without asset backing. The attacker deployed four malicious upgrade contracts that could extract about 2,513 ETH, but the transaction was not queued through Swell’s multisignature process.
Odysseus, founder of Phylax Systems, said the incident involved misuse of a BOT key and that losses had not been confirmed. Railway disclosed that day that an unauthorized third party may have accessed customers’ encrypted environment variables. Swell said funds were safe.

CMCC Global, which manages $500 million, plans to launch two tokenized Bitcoin funds: Crest Fund and Liberty Bitcoin Accumulation Fund. According to Odaily, Bitcoin Magazine reported the plan in a post on X and said the Liberty fund targets an annual net BTC yield of 8% to 12%.

Hyperliquid Strategies increased its stock buyback program from $30 million to $100 million, with approximately $72 million remaining and the deadline extended to October 31, 2027. According to ChainCatcher, the company dashboard shows it holds approximately 38.8 million HYPE.

Machi Big Brother's 25x Ethereum long position was partially liquidated after a brief market decline, leaving 252 ETH. According to Odaily, the position had an unrealized loss of about $24,000 and a liquidation price of $2,326.

Stripe and Plasma plan to introduce a stablecoin payment card. According to Odaily, the card is intended to support spending in U.S. dollars, Brazilian reais, euros, Mexican pesos, Colombian pesos, and stablecoins including USDC and OUSD, with a goal of reaching more than 100 countries by 2027. The service is already operating in more than 30 countries, and Stripe’s stablecoin card infrastructure was estimated to process about $1.2 billion in monthly spending as of 2026. Plasma operates a blockchain designed for stablecoin transactions and the Plasma One neobank app; its multi-currency accounts are set to migrate to Stripe’s card infrastructure.

SlowMist's Cos urged iPhone and iPad users to update their operating systems and be cautious because some installed apps may be infected with the DarkSword Trojan. According to PANews, the malware targets cryptocurrency users on iPhones in targeted attacks to steal funds, exploiting iOS vulnerabilities to escape the sandbox and steal passwords stored in Keychain, local wallet private-key files, notes, and other sensitive data.

Cboe Clear U.S., part of Cboe, received approval from the U.S. Securities and Exchange Commission to expand its clearing business. According to ChainCatcher, the approval was granted by the SEC.

On Oct 24, 2026, 15:05 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 80,000 USDT and is now trading at 79,966.90625 USDT, with a narrowed 1.96% decrease in 24 hours.

An address linked to the GPS project (0x0b3...fee43) received 1.5 million TREAD, valued at $1.16 million, nine hours ago. According to ChainCatcher, on-chain analyst Ai Yi said no public partnership or connection between GoPlus, a Web3 security infrastructure provider, and Treadfi, a transaction execution infrastructure provider, had been identified; the transaction’s purpose remains unclear.

US consumer sentiment held near a record low in October, with the University of Michigan’s final index at 48.0, a tenth of a point below September’s 48.1. The reading beat economists’ forecasts of 46.3 and was revised up from the preliminary figure, but it remains the second-lowest on record, above only May’s 44.8. The survey comes less than two weeks before the November 3 midterm elections, in which affordability is a central issue.Inflation Expectations Rise for a Second MonthConsumers expect prices to rise 4.7% over the next year, up from 4.6% in September. Long-run inflation expectations rose to 3.5% from 3.4%, and both measures are at their highest since May.“After five years of above-target inflation, both short- and long-term inflation expectations have ticked up in recent months, exposing risks that elevated inflation expectations could become entrenched,” said Joanne Hsu, director of the University of Michigan’s Surveys of Consumers.The data adds pressure on the Federal Reserve ahead of its October 27–28 meeting. The Fed is in a tightening cycle, with its target range at 3.75%–4.00% after September’s hike.Current Conditions Sink as Expectations ImproveThe current economic conditions index fell to 46.7 from 50.9, its second-lowest reading on record. The consumer expectations index rose to 48.8 from 46.3, its first improvement since July. The headline index is 10.4% below its October 2025 level of 53.6 and 15% below February, before the Iran conflict began.Independents Drive the DeclineSentiment improved among Democrats and Republicans but fell among independents for a third straight month. Hsu said consumers of all political leanings see inflation as a far greater risk to the economy than unemployment over the coming year. The survey ran from September 22 to October 19, before Brent crude climbed above $113 a barrel this week.

According to Bloomberg, Wall Street Journal correspondent Evan Gershkovich questioned whether US President Donald Trump’s administration fully understands Vladimir Putin’s negotiating tactics. Speaking on Bloomberg This Weekend, Gershkovich said Putin is focused on securing his demands for Ukraine rather than compromising, drawing on years covering the Russian leader and 16 months in Russian custody.
Gershkovich’s comments followed US envoy Steve Witkoff’s praise of Putin as a “humanitarian” after Stephen Hubbard’s release. He spoke with hosts David Gura and Christina Ruffini.