Top Story
Bitcoin and Ethereum both slipped over the last 24 hours. Bitcoin fell 0.49% to $79,655.65, and Ethereum dropped 0.56% to $2,304.44. Bitcoin had dipped below $80,000 on October 26 as Asian stocks fell on AI concerns.
The decline followed heavy fund outflows. US spot Bitcoin ETFs recorded $635.5M of net outflows on October 22, the largest single-day outflow since June. Spot Ether ETFs posted $224.96M in net outflows for October 19 to 23, their fourth straight negative week.
Spot trading stayed active. Bitcoin logged $25.79B in volume and Ethereum $14.38B, which kept the selloff orderly. The Fear & Greed Index reads 47, which is neutral.
The next catalyst is the Federal Reserve. Its decision is due October 28, and investors expect rates to hold at 3.75%-4.00%, ahead of PCE inflation and Q3 GDP data.
Major Price Moves
Market Overview
Bitcoin ranks first by market capitalization at $1.60T, and Ethereum ranks second at $281.53B. Both moved less than 1% in the 24-hour window, so the top of the market held steady.
Top Gainers and Losers
Quack AI led the gainers with a 140.91% jump to $0.1386 on $209.56M in volume. Coincu reported that 78% of that volume was wash trading, a claim that has not been independently confirmed. Infinity Ground rose 193.66% to $0.1146, and astronaut posted a 25,364.54% move on $29.67M in volume. No catalyst was confirmed for either, and aggregators report widely different percentage changes for both.
On the downside, Anubis Bridged LGNS fell 27.95% to $0.0948, and Bitway dropped 15.40% to $1.3631. Rain declined 12.91% to $0.00715. Surf AI attributed the Bitway selloff to leverage and a stale Binance narrative, and it flagged a supply overhang. Commentary on Rain pointed to 431.6 billion tokens still in vesting. These explanations are analysis, not confirmed events.
Top 20 by Market Cap
Monero led the top 20 with a 1.84% gain to $595.33. Solana was the weakest, down 1.33% to $99.52. Tether and USDC held near $1, and XRP rose 0.65% to $1.2968.
Other Key Events
Ripple wins final OCC approval for a national trust bank
Ripple CEO Brad Garlinghouse announced on X on October 26 that Ripple National Trust Bank received final approval from the Office of the Comptroller of the Currency. The bank will manage RLUSD reserves and offer enterprise crypto custody. It cannot take deposits or make loans, because its activities are limited to fiduciary functions.
Initia halts its chain after a MoveVM exploit
The Initia exploit began on October 23 at 14:59:26 UTC, and about $2.7M was bridged to Ethereum. The L1, rollups and bridge flows remain halted with no restart date.
In Brief
- X100 lost $4.85M after attackers seized two of three governance seats on October 24. The X token fell 96%.
- Bloom Trading Bot lost $947K on October 26, as 9,408 SOL drained from 49 wallets after a remote code execution flaw.
- Aviva Investors and Ripple launched a tokenized share class of a $29B sterling fund on the XRP Ledger.
- Mochatrade raised $5.5M to offer US stock perpetuals to Indian traders.
What to Watch
- The Federal Reserve decision on October 28. Markets expect a hold at 3.75%-4.00%.
- Bitcoin needs to reclaim $80,000, a level it dipped below on October 26.
- Ethereum needs to hold the $2,300 level over the next 24 hours.
- Quack AI faces a token unlock on November 2, 2026. Pluang reported 241.28 million tokens, but no official amount has been published.
- Balancer's BIP-928 withdrawal mode is scheduled for October 30.