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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Monero and withdrew it, asking about their employer, source of funds and planned use of the coins, but the exchange has withdrawn that request.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 He added that verifying the source of funds is legitimate for compliance with AML rules, but asking how withdrawn coins will be used is inappropriate.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.

Major exchanges have seen $160 million worth of futures liquidated in the past hour. In the past 24 hours, $481 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $81,000. BTC is trading at $80,997.99 on the Binance USDT market.

Mastercard is adopting an agent payment method using x402 and USDC, with settlement taking place on the Base network, according to Layer 2 blockchain Base.

Nasdaq-listed HYPE accumulation company Hyperliquid Strategy, Hyperliquid Strategies (PURR), has increased its stock buyback program to $100 million from $30 million, according to The Block. About $72 million remains under the currently approved authorization. Hyperliquid Strategy also extended the program’s expiration date to Oct. 31, 2027, from Dec. 5, 2026, according to The Block. The timing and size of actual share repurchases will be determined at management’s discretion.

The three major U.S. stock indices closed lower today. - S&P 500: -0.52% - Nasdaq: -0.21% - Dow Jones: -1.24%

U.S. Commodity Futures Trading Commission Chairman Michael Selig is closely monitoring whether prediction markets are being manipulated ahead of the midterm elections, and violators will be held accountable, Cointelegraph reported.

Layer-one blockchain Solana said AAPL issued by Backpack Securities is available for trading on Solana through Sunrise.

Binance co-founder Changpeng Zhao, also known as CZ, said on X, "Bitcoin is dead" has been declared countless times before, and those moments were the best times to buy Bitcoin.

Johann Kerbrat, Robinhood’s head of crypto, said more than 70% of Robinhood’s stock token trading volume is occurring outside regular U.S. stock market hours, adding that the world does not stop on Friday night. Kerbrat also said the market remains in its early stages, but stock tokens have potential as a market where trade processing is several orders of magnitude faster than in traditional finance.

The U.S. Department of Defense has banned U.S. service members and Defense Department employees from trading on prediction markets using nonpublic information, according to NewsBitcoin. Defense Secretary Pete Hegseth warned military-operation prediction trading exposes sensitive information to adversaries and could put troops at risk. The ban covers both classified and unclassified information and specifically names prediction market platforms Polymarket and Kalshi, along with existing betting services and other financial platforms. Violations could lead to administrative penalties, disciplinary proceedings or criminal prosecution under military regulations and related federal law. The guidance comes months after a soldier was indicted earlier this year for making $400,000 on Polymarket using nonpublic information.