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Coinucation
Wednesday, October 28, 2026 · Morning edition
No. 1,227 · 300 coins tracked · Printed from live data
The daily record of crypto prices, flows and fees
Daily wrap · Wednesday, October 28, 2026

Ripple wins final OCC approval for a national trust bank to oversee RLUSD reserves

Bitcoin rose 1.6% to $80,829 and Ether gained 2.2% to $2,351, while total crypto market value stood at $2.73 trillion.

By Coinucation Research, reviewed by Coinucation Editorial · Published Oct 28, 2026, 07:00 UTC · Covers the last 24 hours to

The 30-second version

  • Ripple received final OCC approval for a national trust bank that will oversee RLUSD reserves and custody.
  • Ripple expanded its BNY partnership to include custody of XRP and RLUSD and also announced an RLUSD partnership with Robinhood.
  • Bitcoin rose 1.6% to $80,829 and Ether gained 2.2% to $2,351, with Bitcoin dominance at 59.4% and the Fear and Greed index at a Neutral 51.
  • Bitcoin ETFs took in $110.3 million on October 26, all of it into BlackRock's IBIT, while Ether ETFs saw $88.6 million in outflows.
  • Over seven days, Bitcoin ETFs gained $332.7 million and Ether ETFs lost $363.9 million, while stablecoin supply fell by $94.4 million.
  • The CFTC is again probing Polymarket, examining its controls and advertising and whether it let Americans trade.

Market snapshot

change vs the previous wrap

Your watchlist

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What moved

top 100 by market cap · 24 hours

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 · 315 headlines read

1Ripple widens BNY ties and signs RLUSD deal with Robinhood

Ripple and BNY expanded their partnership to cover custody of XRP and RLUSD and are exploring tokenized trade finance on the XRP Ledger. Separately, Ripple announced a partnership with Robinhood to expand use of RLUSD, and Ripple's president addressed why Robinhood chose the stablecoin.

XRPRLUSD Reporting: Crypto Briefing · U.Today · CryptoPotato · Coinpedia.

2IBIT takes all of Monday's Bitcoin ETF inflows as VanEck launches fund

BlackRock's IBIT accounted for all $110.3 million of net inflows into Bitcoin ETFs on October 26, according to our tracker. VanEck launched a Wealth Builder ETF that includes Bitcoin exposure.

BTC Primary: Coinucation ETF tracker. Reporting: Crypto Briefing · Bitcoin Magazine.

3Large XRP holders reach 68.5% of supply

Large XRP holders now control 68.5% of the token's supply, their highest share since November 2022.

XRP Reporting: U.Today · CryptoPotato.

4BlackRock joins SBI and Startale on Japan tokenization effort

BlackRock is working with SBI and Startale to connect tokenized funds with a yen stablecoin in Japan.

Primary: Coinucation ETF tracker. Reporting: U.Today · Coinpedia.

5Ethereum developers patch staking deposit flaw before Glamsterdam

Ethereum developers fixed a flaw in staking deposits ahead of the planned Glamsterdam upgrade. Separately, Binance told users that Ethereum deposits are paused and that delistings are coming.

ETH Reporting: AMBCrypto · CryptoPotato.

6Luxor raises $16 million to expand into AI compute

Bitcoin mining firm Luxor raised $16 million to scale its AI compute trading and hardware businesses.

BTC Reporting: Bitcoin Magazine · AMBCrypto.

8Coinbase Premium stayed negative through October

The Coinbase Premium for Bitcoin has been negative all October, a reading one outlet cited as a sign of weak US demand. Another outlet examined Bitcoin's price decline on October 27.

BTC Reporting: Coinpedia · Crypto Briefing.

9Long-term Bitcoin holders are selling

Long-term Bitcoin holders are selling coins. One report noted that holders of 874,000 BTC could sell into a future rally.

BTC Reporting: Crypto Briefing · CryptoSlate.

10Over 11 million Bitcoin remain unattributed

More than 11 million Bitcoin have not been attributed to known holders despite buying by Wall Street firms. Separately, CF Benchmarks launched CFB Oracle to bring its pricing infrastructure onchain.

BTC Reporting: Bitcoinist · Crypto Briefing.

Flows

Leverage

OKX perpetual swaps
MarketLiquidatedLongs / shortsFunding (8h)Open interest
BTC$4.64M$686.5K / $3.96M0.0100%$2.52B -4.7%
ETH$8.16M$1.24M / $6.91M0.0092%$1.54B +0.9%
SOL$1.03M$325.9K / $703.3K0.0075%$336.28M +2.6%
XRP$396.7K$49.7K / $347.0K0.0100%$91.27M +6.5%
DOGE$325.0K$20.5K / $304.5K0.0100%$99.16M +3.1%
BNB$150.3K$896.13 / $149.4K0.0022%$55.14M -2.3%

Leverage is steady: open interest moved -2.0% and liquidations were modest. Total liquidated $14.70M 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

Bitcoin's difficulty adjusts in about 217 blocks, an estimated +6.5%. Ethereum gas is well below its 24-hour average.

Regulation and policy

Ripple secures final OCC approval for national trust bank

Ripple received final approval from the OCC for a national trust bank that will oversee reserves and custody for its RLUSD stablecoin. CEO Brad Garlinghouse celebrated the charter at Ripple's Swell event, where Treasury Secretary Scott Bessent promised a workaround related to the CLARITY Act.

XRPRLUSD Reporting: AMBCrypto · The Daily Hodl · Coinpedia · U.Today.

CFTC opens another inquiry into Polymarket

The CFTC is investigating Polymarket's controls and advertising activity. The probe examines whether the platform allowed Americans to trade.

Reporting: Crypto Briefing · Bitcoin Magazine.

Deloitte's Rob Massey discusses changing IRS guidance for Bitcoin

Rob Massey of Deloitte outlined what Bitcoin investors should know about changes in IRS tax guidance.

BTC Reporting: Bitcoin Magazine.

ETHGas offers institutions reserved Ethereum blockspace

ETHGas lets institutions reserve Ethereum blockspace, with compliance screening built in.

ETH Reporting: Crypto Briefing.

USDC passes USDT in euro trading under MiCA

Circle's USDC has overtaken Tether's USDT in euro trading pairs as Europe's MiCA rules change the market.

USDTUSDC Reporting: Crypto Briefing.

Today ahead

next 48 hours

Learn: term of the day

A stablecoin is a crypto token designed to hold a steady value, usually pegged one-to-one to a currency like the US dollar.

It comes up in today's story: XRP News: Ripple Partners with Robinhood to Expand RLUSD Stablecoin. Full definition · Explainer

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