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CoinucationChina moves to confiscate 61,896 bitcoin tied to a $5.6 billion fraud case
Fireblocks denied a report that Visa was in late-stage talks to buy the crypto custody firm for about $2.5 billion.
By Coinucation Research, reviewed by Coinucation Editorial · Published Oct 23, 2026, 07:00 UTC · Covers the last 24 hours to
The 30-second version
- China is moving to confiscate about 61,896 bitcoin from a fraudster who fled to the UK, though a UK court acted on the coins first.
- Fireblocks denied a report that Visa was in late-stage talks to acquire it for about $2.5 billion.
- Bitcoin fell 0.8% to $81,778 and Ether fell 1.1% to $2,404, with total crypto market cap at $2.76 trillion.
- Open interest rose 4.0% with positive funding, while stablecoin supply fell by about $517 million over the last 24 hours.
- Spot bitcoin ETFs saw $635 million in net outflows on October 22, led by BlackRock's IBIT, according to reports.
- Ethereum developers called off the October 26 Glamsterdam upgrade on the Hoodi testnet after 13 security risks were identified.
Market snapshot
change vs the previous wrapYour watchlist
Star coins anywhere on the site and they show up here every morning with their move and any news. Pick coins or sign in to bring your list from the app.
What moved
top 100 by market cap · 24 hoursGainers
- Polkadot DOT$1.17 +5.4%
- Cosmos Hub ATOM$1.80 +4.7%
- Beldex BDX$0.0755 +2.9%
Losers
- Pearl PEARL$2.11 -10.2%
- Lighter LIT$3.42 -6.6%
- Monero XMR$607.99 -6.3%
- Stacks STX$0.3291 -5.5%
- Venice Token VVV$26.19 -5.3%
A reason appears only where our data or a primary source supports one; otherwise it is just the move.
The big stories
ranked by how many outlets covered them · 278 headlines read1CoinDCX denies new $16 million hack
Indian exchange CoinDCX rejected claims of a fresh hack after reports of $16 million in USDT transfers. The exchange said the flagged wallets trace back to its 2025 breach.
USDT Reporting: BeInCrypto · Crypto Briefing · Coinpedia.
2Ripple and Arf bring RLUSD settlement liquidity to the XRP Ledger
Arf has partnered with Ripple to provide RLUSD settlement liquidity on the XRP Ledger. The move is aimed at cross-border payments.
XRPRLUSD Reporting: CryptoPotato · Crypto Briefing · U.Today · Coinpedia.
3Ethereum calls off Glamsterdam upgrade on Hoodi testnet
Ethereum developers cancelled the Glamsterdam upgrade planned for October 26 on the Hoodi testnet. Reports cite 13 identified security risks, and developers are testing EIP-8037.
ETH Reporting: Crypto Briefing · CryptoSlate · CryptoPotato.
4Dogecoin Labs outlines plans to build an economy around DOGE
Dogecoin Labs described plans to expand DOGE's use beyond its meme coin status. Separately, Ripple's David Schwartz said he does not know who sent him an XRP meme coin gift.
XRPDOGE Reporting: BeInCrypto · CryptoPotato · U.Today.
5Report says bitcoin ETFs took in $525 million as ETF momentum slows
One report said bitcoin ETFs logged $525 million in inflows and Ethereum ETFs $14 million. Another said ETF inflows are losing momentum ahead of Friday inflation data, with bitcoin near $80,000.
BTCETH Primary: Coinucation ETF tracker. Reporting: CryptoSlate · Crypto Briefing.
6XRP ETFs reach $1.8 billion in cumulative inflows
XRP ETFs have drawn $1.8 billion in cumulative inflows since launch. A separate report said XRP whale inflows reached a seven-month high.
XRP Primary: Coinucation ETF tracker. Reporting: U.Today · BeInCrypto.
7Spot bitcoin ETFs post $635 million outflow on October 22
Spot bitcoin ETFs saw $635 million in net outflows on October 22, according to reports. BlackRock's IBIT led the withdrawals.
BTC Primary: Coinucation ETF tracker. Reporting: Crypto Briefing · BeInCrypto.
8Fireblocks denies report of $2.5 billion Visa acquisition talks
A report said Visa was in late-stage talks to buy Fireblocks for about $2.5 billion. Fireblocks denied the report.
Reporting: Crypto Briefing · Bitcoin Magazine · BeInCrypto.
9XRP Ledger bug fix amendment pushed to November 4
An XRP Ledger bug fix amendment was delayed to November 4 after validator support dipped during voting.
XRP Reporting: U.Today · CryptoPotato.
10Uniswap Labs launches aggregator hooks on three chains
Uniswap Labs launched aggregator hooks on Ethereum, Base and Robinhood Chain. A separate report said Ethereum earned less last quarter than the three-month-old Robinhood Chain.
ETHUNI Reporting: BeInCrypto · Crypto Briefing.
Flows
Leverage
OKX perpetual swaps| Market | Liquidated | Longs / shorts | Funding (8h) | Open interest |
|---|---|---|---|---|
| BTC | $16.83M | $15.02M / $1.81M | 0.0076% | $2.56B +5.7% |
| ETH | $14.99M | $13.02M / $1.97M | 0.0085% | $1.43B +3.1% |
| SOL | $2.98M | $2.73M / $251.1K | 0.0100% | $310.08M +0.4% |
| XRP | $997.8K | $889.2K / $108.6K | 0.0100% | $87.96M -4.3% |
| DOGE | $1.02M | $991.2K / $31.5K | 0.0087% | $100.78M -0.3% |
| BNB | $22.6K | $10.7K / $11.9K | 0.0100% | $55.13M -4.2% |
Leverage is building: open interest rose 4.0% with positive funding, so longs are paying to stay in. Total liquidated $36.85M on OKX perpetual swaps; one venue, so the market-wide total is larger. Liquidation calculator.
Treasuries
No new company purchases in SEC filings in this window.
Network
Ethereum gas is well below its 24-hour average.
Regulation and policy
China seeks to confiscate 61,896 bitcoin held in UK case
China is moving to confiscate about 61,896 bitcoin, reported at roughly $5 billion to $5.6 billion, from a fraudster who fled to the UK, though a UK court acted on the coins first. Separately, Arkham's CEO commented on $1 billion of US government bitcoin moved to an unknown wallet.
BTCARKM Reporting: Coinpedia · AMBCrypto · Bitcoin Magazine.
Robinhood wins Dubai license for Middle East trading launch in 2027
Robinhood obtained a license in Dubai to offer bitcoin and stock trading in the Middle East starting in 2027. A separate report said bitcoin ETFs sold during 7 of 8 market crashes.
BTC Reporting: Bitcoin Magazine · CryptoSlate.
South Korea's crypto bill nears completion amid tax debate
South Korea's crypto legislation is close to completion. Debate over crypto taxation is intensifying.
Reporting: Crypto Briefing · BeInCrypto.
Cardano Foundation opposes extending MiCA to protocol-level DeFi
The Cardano Foundation pushed back on proposals to expand the EU's MiCA rules to cover protocol-level DeFi.
ADA Reporting: Bitcoinist.
Government-linked $1 billion bitcoin transfer reaches Coinbase addresses
A $1 billion bitcoin transfer linked to a government has reached Coinbase addresses.
BTC Reporting: Crypto Briefing.
Today ahead
next 48 hoursNothing scheduled that we track in the next 48 hours.
Learn: term of the day
Liquidity is how easily an asset can be bought or sold at a stable price; deep liquidity means large trades barely move the market.
It comes up in today's story: Arf partners with Ripple to bring RLUSD settlement liquidity to the XRP Ledger. Full definition