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A total of 46,928.46 BTC flowed into major centralized exchanges over the past seven days, according to CoinGlass. By exchange, Binance recorded the largest net inflow at 37,394.58 BTC, while Kraken and Coinbase Pro saw net inflows of 3,019.97 BTC and 1,447.9 BTC, respectively.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.48% long, 50.52% short - Binance: 48.96% long, 51.04% short - Bybit: 47.51% long, 52.49% short - Gate: 49.44% long, 50.56% short

BitMEX co-founder and Flop Labs CEO Arthur Hayes sold about $22.28 million worth of altcoins, according to on-chain records. Hayes made multiple transfers today to OTC desks including Flowdesk, FalconX and Wintermute, depositing 6,400 ETH worth about $15.2 million, 14 million ENA worth about $2.76 million, 323,000 UNI worth about $2.24 million, 1.89 million ETHFI worth about $1.23 million, 546,609 AERO worth about $398,000, 120,000 PENDLE worth about $244,000 and 3 million ZAMA worth about $214,000. Deposits to trading venues are typically seen as sales-related transfers. Hayes said he had taken profits on all directional positions held by his fund Maelstrom, including ETH, ENA, UNI and other altcoins. Hayes added that a pullback appeared necessary before further gains and said macroeconomic and geopolitical conditions looked unstable, prompting him to wait on the sidelines for a clearer signal.

Franklin Templeton added about $150 million worth of shares in its tokenized money market fund to the XRP Ledger, CoinDesk reported. The move increased sgBENJI, the fund’s token on XRPL, to about 193 million from roughly 48 million. Based on a per-share price of $1.039 recorded in trading on Oct. 22, the total value is about $200 million. All sgBENJI on XRPL is currently held in a single wallet, although it has not been confirmed whether the wallet holds assets for a single investor or pools assets from multiple clients. sgBENJI represents shares in a fund that invests in short-term U.S. dollar-denominated debt securities and money market instruments.

Crypto asset manager Grayscale said in a recent report that rising token supply at some cryptocurrencies could erode the economic benefits passed on to holders. Grayscale presented a valuation framework that evaluates both protocol revenue and the scale of value returned to token holders. Under the framework, token holder yield is calculated by adding staking rewards and buybacks, subtracting the value of newly issued tokens, and dividing the result by circulating market capitalization. Among the protocols covered in the analysis as of Oct. 20, HYPE posted the highest token holder yield at 8.0%, while CRV had the lowest at -5.5%. On an adjusted yield basis, CAKE ranked first at 14.4%. Grayscale added that new token issuance and unlocks can offset the effects of buybacks and staking rewards, and said protocol revenue should be assessed separately from the economic benefits attributable to token holders.

Bitdeer said it sold all 283.4 BTC it mined this week. The company reduced its Bitcoin holdings to zero on Feb. 20 and has since continued to liquidate all newly mined BTC into cash.

BitMEX co-founder and Flop Labs CEO Arthur Hayes said in a recent interview that tokens with high fully diluted valuations and low circulating supply structures are being shunned by investors and are now hard to pump even on Binance. Hayes added that the crypto industry has long exploited tokenomics, with some projects raising development funding through ICOs, VC private sales and presales, then selling their holdings after protocol launches and token unlocks, leaving retail investors with losses. At the same time, Hayes said projects such as Hyperliquid (HYPE) have achieved real product-market fit, return revenue to token holders and can avoid selling pressure tied to large token unlocks.

Weekly notional trading volume in cryptocurrency-related event contracts on major prediction market platforms Kalshi and Polymarket reached a record $2.7 billion last week, Bloomberg reported. Short-term contracts tied to whether assets such as Bitcoin would rise or fall after a set period led trading activity, with per-contract volume on Kalshi's 15-minute Bitcoin price prediction contracts at times exceeding $1 million. Trading volume in longer-dated crypto prediction markets also increased noticeably. Kalshi's year-end Bitcoin price prediction contract recorded $42 million in volume, while Polymarket's comparable year-end Bitcoin contract reached about $78 million.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $90.87 million liquidated (89.3% longs) - IRYS: $68.55 million liquidated (86.4% shorts) - ETH: $60.91 million liquidated (82.6% longs)

Crypto exchange HTX has added Russia to its list of restricted jurisdictions. Under revised terms of service, Russian users and companies operating locally may face service restrictions, and HTX may take steps including account closures and withdrawal limits. HTX did not disclose when the restrictions will take effect or whether existing users will be given a grace period. Earlier, Bitget added Russia, Belarus and Kazakhstan to its prohibited service regions and advised users to withdraw assets by Oct. 21, while MEXC said it would exit the Russian and Belarusian markets from Oct. 20 for regulatory compliance.

More than $200 billion has been wiped from the total cryptocurrency market capitalization in less than a month as of today, Cointelegraph reported, citing CoinMarketCap data. The total crypto market cap currently stands at around $2.7 trillion, according to CoinMarketCap.

U.S. spot Ethereum ETFs recorded $4.35 million in net inflows on Oct. 23, according to SoSoValue. - Fidelity FETH: +$3.58 million - Morgan Stanley MSSE: +$770,000

U.S. spot BTC ETFs recorded $137.94 million in net outflows on Oct. 23, marking a second straight trading day of net redemptions, according to SoSoValue. - BlackRock IBIT: -$110.34 million - Fidelity FBTC: -$31.78 million - Morgan Stanley MSBT: +$4.19 million

An early Ethereum investor deposited 1,000 ETH, worth about $2.4 million, to Kraken six hours ago, according to Lookonchain. The investor bought 100,000 ETH at $0.31 during the Ethereum ICO. Exchange deposits are generally seen as a sign of intent to sell.

Kraken co-CEO Arjun Sethi said on X that Kraken will continue listing Monero (XMR) and supporting withdrawals. Sethi said Kraken had sent emails to customers who bought Monero and withdrew it, asking about their employer, source of funds and planned use of the coins, but the exchange has withdrawn that request. He said the request was not required under relevant regulations and that treating a younger customer as a risk signal simply because the customer held a large amount of funds was a mistake. He added that verifying the source of funds is legitimate for compliance with AML rules, but asking how withdrawn coins will be used is inappropriate.

South Korean exchange Upbit announced the addition of Bubblemaps (BMT) for trading against the Korean won at 3:00 a.m. UTC today.

A Chinese man in his 40s has been extradited from the Netherlands to the U.S. over allegations that he took part in a global cryptocurrency investment fraud targeting 174 U.S. citizens, according to the U.S. Department of Justice. The DOJ said the suspect was tied to a Cambodia-based fraud ring that approached victims through social media, phone calls, text messages and dating apps, then steered them to fake websites designed to mimic legitimate exchanges. Investigators found the group laundered victim funds through U.S. shell companies and offshore bank accounts, transferring more than $36.9 million into a single account at Deltec Bank in the Bahamas before converting the money into USDT and moving it to wallets in Cambodia. Eight co-conspirators have already pleaded guilty, and the defendant remains in custody ahead of an arraignment on Nov. 30. If convicted, the suspect could face up to 20 years in federal prison. The case remains at the charging stage, and the presumption of innocence applies.

Yu Xian, founder of blockchain security firm SlowMist, warned on X that iPhone users should watch for targeted cryptocurrency attacks using DarkSword. Yu said attackers could exploit iOS vulnerabilities to bypass security sandboxes and steal sensitive information such as passwords stored in Keychain, wallet private key files saved on devices, and notes. Yu urged users to update iPhone and iPad operating systems to the latest version and stay alert to the possibility that installed apps may have been infected with malware.

An institution that has invested in AAVE and Worldcoin transferred about $33.18 million worth of crypto to multiple centralized exchanges about an hour ago, according to EmberCN. The deposits included 6,000 ETH worth about $14.4 million, 19 million WLD worth about $9.67 million, and 62,000 AAVE worth about $9.11 million.

U.S. Rep. Byron Donalds, a candidate for Florida governor, supports a government strategic Bitcoin reserve and warned that delays in regulation could push the digital asset, prediction market and related economic benefits offshore, according to Bitcoin.com. In an interview, Donalds said Florida intends to pursue a Bitcoin reserve. Donalds also said Donalds opposes central bank digital currencies, or CBDCs, citing concerns over surveillance of financial transactions, and plans to maintain Florida’s ban on CBDCs. Donalds also questioned whether Congress and regulators have the capacity to properly understand and oversee rapidly evolving financial markets, and stressed the need for a regulatory framework that takes both industry growth and consumer protection into account.

CME Group CEO Terry Duffy said Hyperliquid could face obstacles entering the U.S. market over know-your-customer requirements and broader compliance issues. Speaking on Bloomberg’s podcast 'Odd Lots,' Duffy said a platform cannot shift regulatory responsibility to users or distributors simply by arguing it only provides infrastructure, and warned the combination of high leverage and automatic liquidation without identity checks could trigger cascading liquidations and broader market disruption. Hyperliquid currently does not require identity verification and is not registered with U.S. regulators, meaning compliance with relevant rules would be needed to enter the U.S. market.

Blockstream has launched an advisory service for financial institutions such as banks and asset managers and opened an office in Lugano, Switzerland, Bitcoin Magazine reported. The bitcoin infrastructure company said the service will support the evaluation, design and buildout of Bitcoin-based financial infrastructure, while also offering solutions tied to tokenized asset issuance and trade data privacy. Blockstream co-founder and CEO Adam Back said, "비트코인 채택의 다음 단계는 기존 금융 시스템과의 통합."

Bitwise’s Dogecoin ETF, BWOW, has entered its planned liquidation process, NewsBTC reported. The ETF stopped trading on NYSE Arca after Oct. 14, and remaining holders will receive cash based on net asset value as of Oct. 21. Distributions began on Oct. 22, according to NewsBTC, and the actual payment timing may vary by brokerage processing procedures. The liquidation is limited to the ETF as an investment product and does not affect Dogecoin trading or the protocol itself.

The U.S. Internal Revenue Service is pursuing an overhaul of its tax voluntary disclosure program that would cover cryptocurrency and aim to lower penalties and shorten processing times, Cointelegraph reported. Jarod Koopman, head of the IRS Criminal Investigation division, said the agency aims to introduce the revamp before December and process cases within 120 days after taxpayers complete required filings. The IRS plans to use its existing voluntary disclosure program rather than create a separate crypto-specific process, while installment payments and negotiated penalty relief are also under review. The agency did not disclose the specific size of any penalty cuts, and the program is intended for taxpayers who could face criminal punishment for willful tax violations. Separately, Congress is also discussing a distinct cryptocurrency voluntary disclosure option for correcting non-willful filing errors, according to the report.

An Argentine federal court has dismissed a criminal case tied to the LIBRA memecoin against President Javier Milei, his sister Karina Milei, U.S. businessman Hayden Davis, and eight others, Yahoo News reported. The court found it was difficult to prove fraud based solely on Milei’s promotion of the token and its sharp price rise and fall, and said there was no evidence to support allegations that Karina Milei had received improper payments. LIBRA plunged after President Milei promoted it on X in February 2025, and blockchain analysts found about $99 million was withdrawn from eight wallets tied to the token. Around 40,000 investors suffered total losses of $110 million, according to the report.