24 Hour Crypto Recap: Here’s What Happened in the Market

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24 Hour Crypto Recap: Here’s What Happened in the Market
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  • BlackRock’s IBIT drove spot Bitcoin ETF inflows with $235 million on October 21. 
  • Railway paused deployments as a breach may have leaked customer API credentials. 
  • Tesla kept 11,509 BTC in Q3 and booked $288 million in unrealized bitcoin gains.

The global crypto market cap rose 0.2% to $2.874 trillion over the past 24 hours.Bitcoin traded at $82,843.31, up 0.1% on the day and up 1.7% over the past week. Ethereum changed hands at $2,442.75, down 0.2% in 24 hours but up 2.7% over seven days. 

XRP gained 0.8% to $1.35, up 2.1% weekly. Solana slipped 0.7% to $105.51 and is still up 2.1% over seven days. Zcash rose 2.0% to $1,294.75, extending its weekly gain to 16.1%. Hyperliquid fell 3.5% to $78.88 and is down 0.9% on the week.

CoinGlass data showed $244 million in liquidations over 24 hours. Shorts accounted for $190 million of that and longs for $53.9396 million.

Pearl led trending searches, up 13.3% to $2.43, and NEAR Protocol rose 1.3% to $5.13. Axis Robotics fell 5.2% to $0.2961, Aerodrome Finance dropped 4.8% to $0.8199 and Pudgy Penguins slipped 0.4% to $0.007946. 

Among top gainers, Yellow surged 157.5% to $0.1055, Irys climbed 66.7% to $0.02172 and Hippo Protocol rose 41.6% to $0.01089. RealLink gained 37.9% to $0.01074, while Universal High Income added 32.2% to $0.02305.

ETF Flows and Fed Outlook

SoSoValue data showed Bitcoin spot ETFs taking in $528 million on October 21, their third straight day of net inflows. BlackRock’s IBIT led with $235 million, followed by Fidelity’s FBTC at $213 million. Ethereum spot ETFs ended five days of outflows with $14.955 million in net inflows, and the Zcash ETF ZCSH added $15.1766 million.

Bitfinex said Bitcoin remains below the $84,333 average cost basis of ETF investors. The firm expects a range of $81,300 to $84,400 ahead of the October 28 FOMC decision. CME FedWatch puts the probability of an October hold at 83.9%.

PHP Vulnerability and Platform Breaches

Binance founder Changpeng Zhao said details of two PHP flaws, CVE-2026-109618 and CVE-2026-109619, leaked before the October 21 patch. He said confirmed exploitation followed shortly after. The flaws affect servers running WordPress and Magento.

Railway said an unauthorized party may have obtained decrypted customer environment variables, including API keys, and paused all deployments. Security researcher Spreek said admin keys for Swell DAO’s swETH and rswETH appear compromised. 

According to Spreek, four malicious upgrade contracts could drain roughly 2,500 ETH if executed. The Polkadot Community Foundation flagged malicious code in the Fearless wallet extension, linked to unauthorized transactions involving 17,286 DOT.

Corporate Bitcoin Holdings

Tesla reported Q3 revenue of $28.05 billion and sold none of its 11,509 BTC. Its net income for the quarter included $288 million in unrealized Bitcoin gains. Citing company filings, Tesla and SpaceX hold 30,221 BTC combined. Bloomberg reported that the two companies aim to reach a merger agreement in the first half of 2027.

Related: Ripple and Six Blockchain Organizations Press SEC to Lock In Crypto Rules as Comment Window Closes

Regulation

American Bankers Association CEO Rob Nichols criticized the OCC’s final GENIUS Act stablecoin rules. He said the rules leave room for third parties such as Coinbase to pay yield. The SEC said three companies plan to operate tokenized securities trading platforms under its Innovation Exemption.

The UK FCA published two consultations on DeFi and cryptoasset perimeter guidance, both closing November 18. The new UK regime takes effect October 25, 2027. South Korea’s Finance Minister Lee Hyung-il said a decision on crypto taxation will follow input from industry and the National Assembly.

Institutional and Network Updates

Standard Chartered signed a definitive agreement to acquire 100% of Zodia Custody, pending regulatory approval. Solana activated its Alpenglow upgrade, cutting transaction finality from about 12.8 seconds to roughly 150 milliseconds. Lighter said it plans to apply for a CFTC derivatives license in November. OKX data showed LIT up 22.26% to $3.89.

Related: CryptoQuant CEO Says Fresh Bitcoin Inflows Only Happen in Bull Markets

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