24H Trending Coins & News | Trump Says Whether to Completely Obliterate Iran or Reach a Deal; CZ Responds to BNB Chain's New L1 Plan: Multiple Chains, One Coin (October 26)
- Key Takeaways: Crypto market sentiment has weakened, with BTC falling below its 50-day moving average for the first time since August. Major coins on CEXes are broadly down. Arthur Hayes has liquidated altcoins including ETH, ENA, and UNI to take profits, expecting the market to fall first before rising.
- Key Elements:
- BTC closed near $80,600, falling below its 50-day moving average and ending a 66-day streak above the line; it remains about 10% above its 200-day moving average.
- U.S. spot Bitcoin ETFs saw two consecutive days of net outflows totaling about $773.5 million, with Thursday's single-day outflow of $635.6 million being the largest since June.
- Arthur Hayes' Maelstrom has fully liquidated its positions in ETH, ENA, UNI, and other altcoins, planning to step aside temporarily and wait.
- DeFi price manipulation attacks have reached 43 incidents in 2026, surpassing the full-year record of 27 in 2022, with total losses of about $199 million.
- The OCC released the final stablecoin rules under the GENIUS Act, set to take effect on January 18, 2027, clarifying a 2-business-day redemption processing period.
- Stripe and Plasma plan to launch a stablecoin payment card, targeting coverage of over 100 countries by 2027, with monthly spending of about $1.2 billion.
1. Trending CEX Tokens
Top 10 CEX Tokens by Trading Volume and 24-Hour Price Change:
- BTC: -1.56%
- ETH: -2.31%
- SOL: -1.67%
- XRP: -1.58%
- BNB: -0.86%
- ZEC: -1.41%
- NEAR: -0.58%
- HYPE: -1.03%
- ENA: +4.29%
- DOGE: -1.99%
Top 24-Hour Gainers (Data Source: OKX):
- IRYS: +16.76%
- DOS: +7.86%
- XCH: +7.11%
- GRASS: +4.72%
- CTC: +4.22%
- ENA: +4.44%
- KMNO: +4.13%
- xOUST: +3.58%
- OFC: +3.06%
- xSOXS: +2.69%
Top 24-Hour Tokenized Stock Gainers (Data Source: msx.com):
- ANTA: +8.16%
- MPU: +7.03%
- VAPE: +4.99%
- FGNX: +3.12%
- BTOG: +3.02%
- BLNK: +2.18%
- AMRK: +1.88%
- QNTM: +1.79%
- NCLD: +1.76%
- STKE: +1.60%
2. Top 5 Trending On-Chain Meme Coins (Data Source: GMGN):
- STONK (Solana)
- GME (Solana)
- LAUNCH (Solana)
- Marvin (Solana)
- carti (Solana)
Headlines
Trump: Should I Wipe Out Iran Entirely, or Make a Deal With Them?
US President Trump stated: The question now is, should I make a deal with the Iranians, or should I wipe them out entirely? We get everything, and they (Iran) get nothing. We know exactly what happened at Iran's "Pickaxe Mountain" facility. Currently the Iranians have not taken any major actions regarding their nuclear facilities, and we are closely monitoring the situation.
Arthur Hayes posted that his investment firm Maelstrom has fully liquidated its positions in ETH, ENA, UNI and other altcoins, realizing profits.
Hayes believes that due to macroeconomic and geopolitical uncertainty, the crypto market may need to experience a downturn before rising again. He stated that he currently plans to stay on the sidelines temporarily and wait for clearer signals from the market before considering re-entry.
Musk posted that in recent weeks, the debt financing market has almost completely closed its financing channels to companies lacking substantial revenue sources outside of AI data center operations. Musk stated that SpaceX has completed $40 billion in GPU-related debt financing, thanks to its investment-grade credit rating and revenue from Starlink and rocket launch operations.
He predicts that more than 200 emerging cloud service providers (Neoclouds) currently face large-scale bankruptcy and industry consolidation, with only a few ultimately surviving.
CZ Responds to BNB Chain's New L1 Plan: Multiple Chains, One Coin
CZ responded to BNB Chain's new L1 plan, stating: "Multiple chains, one coin."
According to BNB Chain's official documentation, the new L1 under development is a high-performance EVM-compatible Layer 1 built for low-latency on-chain activity, featuring sub-second finality, native account abstraction, transaction pre-confirmation, multi-lane reserved capacity, and on-chain privacy pools.
Industry News
Bitcoin News posted that after Bitcoin closed below its 50-day moving average, the price is around $80,600, marking the first time it has fallen below this average since August and ending a 66-day streak above it; the price is still about 10% above the 200-day moving average. US spot Bitcoin ETFs saw net outflows of $137.9 million on Friday, marking two consecutive trading days of net outflows; the previous Thursday saw net outflows of $635.6 million, the largest single-day outflow since June. Combined net outflows over the two trading days totaled approximately $773.5 million.
Number of Companies Objecting to Trading on OKX and ICE Tokenized Stock Platform Rises to 22
OKXICE TSV's announcement updated on October 23 listed 6 newly added objecting companies, including Wells Fargo, Cisco Systems, Marvell Technology, Arm Holdings, Moderna and Intuit. The total number of companies that have raised objections has increased to 22, up from 16 on October 19 and 9 on October 15. The announcement did not specify the reasons for the companies' objections, nor did it explain the impact of the objections on whether the stocks can be traded on the platform.
OKXICE TSV is a joint venture equally owned by Intercontinental Exchange and OKX US Holdings, planning to allow approved users to trade tokenized US stocks around the clock. Trading will be conducted through Uniswap v4 liquidity pools on OKX's XLayer blockchain, with settlement using stablecoins such as USDC.
The announcement disclosed that the platform will only suspend trading when the underlying stock is halted, with no other circuit breaker mechanisms in place, nor policies for handling issues related to blockchain transaction ordering. Smart contracts can be upgraded without prior notice to users, and the contract controlling trading eligibility has only undergone internal audits.
DeFi Price Manipulation Attacks Reach 43 in 2026, Surpassing Full-Year Record of 2022
As of October 21, 43 price manipulation attacks have been recorded in the DeFi sector in 2026, surpassing the previous annual high of 27 set in 2022. Related losses total approximately $199 million, lower than losses in some years, with the Tectonic case accounting for approximately $125 million. Of the remaining 42 incidents, 32 involved individual losses of less than $1 million.
Project News
CoinDCX issued an announcement stating that it discovered anomalous system activity on October 21, and subsequent investigation confirmed that the anomalous activity affected legacy wallet infrastructure that had been deprecated due to a security incident in July 2025. CoinDCX stated that because the automatic fund sweeping service malfunctioned for a period of time, some user deposits mistakenly transferred to old addresses were not transferred in a timely manner, ultimately resulting in a loss of 15.99 million USDT, with the related losses borne by the company.
CoinDCX emphasized that existing wallets and trading systems were not affected, user funds remain safely stored in isolated cold wallets, and trading, deposit and withdrawal services all remain operational.
Approximately $2.7 Million Transferred Out, Initia Discloses Details of MoveVM Cache Vulnerability
Initia stated that attackers exploited a vulnerability in the Initia MoveVM script cache on October 23 at 22:59 (UTC+8) to bypass security checks, forging MoveVM state to credit themselves with WETH, iUSD and USDC that had no actual backing. The total supply of the relevant tokens did not change, INIT was not additionally minted, and the total supply was unaffected.
Aiming to Cover Over 100 Countries by 2027, Stripe and Plasma Plan to Launch Stablecoin Payment Card
Stripe and Plasma plan to launch a stablecoin payment card, supporting users to spend with US dollars, Brazilian real, euros, Mexican pesos, Colombian pesos and stablecoins such as USDC and OUSD, targeting coverage of over 100 countries by 2027. Related services are currently operational in over 30 countries, and Stripe's stablecoin card infrastructure is estimated to have monthly spending of approximately $1.2 billion as of 2026. Plasma operates a blockchain designed specifically for stablecoin transactions and the neobank application Plasma One, whose multi-currency accounts will migrate to Stripe's card infrastructure.
The on-chain market cap of tokenized stocks issued by xStocks has reached $1 billion, growing 802.5% over the past year. Among them, Solana ranks first with an on-chain market cap of $523.1 million; followed by X Layer and Ethereum, with on-chain market caps of $304.1 million and $165.1 million respectively. These assets are distributed across 9 blockchains.
Base: Mastercard Adopts x402 and USDC-Based Agentic Payment Solution With Settlement on Base Network
Base posted that Mastercard is adopting an agentic payment method based on x402 and USDC, with settlement conducted through the Base network.
Funding & Investment
RedotPay Acquires Japanese Cryptocurrency Exchange BTCBOX
Crypto payment service provider RedotPay announced that it has acquired Japanese crypto asset exchange BTCBOX, and will subsequently provide services compliant with Japanese regulations through BTCBOX. RedotPay currently does not hold a Japanese crypto asset exchange operator license, and acknowledges that its existing services for Japanese residents do not comply with local regulatory requirements, and will phase in restrictions and ultimately terminate related services. RedotPay has suspended new user registrations in Japan and removed its app from the Japanese Apple and Google app stores. BTCBOX was founded in 2014 and obtained its exchange operator registration in September 2017. After a customer information leak in January this year, BTCBOX suspended all services and has been phasing in restoration since August 3. RedotPay stated it will provide BTCBOX with funding and technical support.
According to an 8-K filing submitted by TeraWulf, the company amended its revolving credit agreement on October 23, increasing its senior secured revolving credit facility from $250 million to approximately $400 million, an increase of approximately 60%, effective the same day. Morgan Stanley Senior Funding serves as administrative and collateral agent. The amended agreement allows for a further increase of approximately $150 million upon obtaining additional lender commitments and satisfying relevant conditions, while eliminating the previous $150 million sublimit applicable to letter of credit issuances.
Regulatory Developments
The US Office of the Comptroller of the Currency (OCC) has issued the final GENIUS Act stablecoin rule, set to take effect on January 18, 2027. The rule removes the clause that automatically extends to 7 calendar days after demand exceeds a threshold, and defines "prompt redemption" as the issuer initiating payment or crediting the issuer's account upon request; bank crediting is a separate subsequent step. The standard processing deadline for qualifying redemption requests is capped at 2 business days, excluding weekends and federal holidays; when redemption requests for a single brand exceed 10% of its circulating supply within 24 hours, the issuer must notify the OCC supervisory office within 24 hours, with the supervisory authority having discretion over whether to extend processing time, and issuers may not delay redemptions due to onboarding process deficiencies. The revised confidential PS-01 report will track unpaid tokens, average redemption duration, and redemption amounts exceeding 2 business days; the first reporting dates for weekly and quarterly reports are January 25 and March 31, 2027, respectively, both pending OMB approval.
Democrats Still Vote Against CLARITY Act After Their Proposed Crypto Fundraising Caps Were Included
Cynthia Lummis posted that Democrats had requested lowering the annual fundraising cap for cryptocurrency regulation from $75 million to $50 million, and adding a $200 million lifetime cap. She stated that the relevant content was agreed upon and written into the Cryptocurrency Market Structure Act (CLARITY Act), but Democrats subsequently still voted against this rule aimed at protecting retail investors.
The South Korean Presidential Office leans toward again postponing the virtual asset income tax originally scheduled to take effect on January 1, 2027, which if implemented would be the fourth delay of the tax. A Presidential Office official stated that the related taxation will proceed in the direction of postponement in party-government consultations; the Presidential Office said in a written response that the matter is still under study and no decision has been made. Ruling party Democratic Party lawmaker Park Min-kyu has proposed an amendment to postpone taxation to 2029, and the opposition People Power Party also supports the postponement. The current plan would tax virtual asset transfer and lending income at a 22% rate after deducting a basic exemption of 2.5 million Korean won.
Jarod Koopman, head of the IRS Criminal Investigation division, stated that the IRS plans to launch a reformed tax voluntary disclosure program (VDP) by the end of November, targeting a reduction in case processing time to a maximum of 120 days after taxpayers submit complete materials, while reducing penalty amounts under the current system, and considering allowing installment payment arrangements.
Koopman explicitly stated that the IRS will not establish a separate voluntary disclosure procedure for cryptocurrency and other digital assets, and related income will be treated the same as other taxable income sources, uniformly handled under the general voluntary disclosure program. (Forbes)
