The Polylog Crypto Intelligence Brief

Morning Edition · Tuesday, October 20, 2026

Crypto

Ethereum Sets October 26 for Glamsterdam's Final Test Run With a 200 Million Gas Limit as JPMorgan Moves JPM Coin to Mainnet

The upgrade adds proposer-builder separation and block-level access lists to the base layer while every major layer-2 network except World Chain lost value over the past week.

2 sources

Crypto

Aztec Discloses a Critical Proving-System Flaw in Alpha V5 and Says It Cannot Tell Whether Anyone Exploited It

The bug could let an attacker submit a forged proof that the network accepts, and the fix will arrive only with the V6 release.

3 sources

Crypto

Hacken Counts $1.18 Billion in Third-Quarter Crypto Losses, With Most Coming From Systems Outside Audit Scope

Four incidents led by the Bitget breach caused about 80% of the losses, and new post-mortems on SingularityNET, Duelbits, NEAR Intents and Papertrade show the same pattern.

3 sources
Plausible

Crypto

Tether's Chief Executive Says His Company Freezes Iran-Linked Wallets Weeks Before the Treasury Does, Rebutting a Senate Staff Report

Paolo Ardoino says freezes cut Iran-related stablecoin volume by 94%, but Tether has not published the data behind that number.

1 source
Plausible

Crypto

The CFTC Tells a Federal Court That CME Has Shown No Harm From Its Approval of Crypto Perpetual Futures

The regulator says CME's own crypto volume rose after the policy change, while large offshore perpetual positions on Hyperliquid show where the demand currently trades.

2 sources
Corroborated

Crypto

Ethereum Researchers Port Tornado Cash to a Post-Quantum Proof System as Aztec Sets a 2030 Migration Target

A research post reports withdrawal proofs over SHA-256 in under 30 milliseconds, and Aztec plans to choose a post-quantum signature scheme in March 2027.

2 sources

Crypto

Citi Research Names Aave as a Likely Financing Layer for Tokenized Assets

The bank calls the ability to move collateral one of tokenization's most important uses, a claim that depends on where on-chain yield comes from.

3 sources

Crypto

French Lawmakers Vote 38 to 37 to Tax Crypto Swaps Into Euro-Regulated Stablecoins From 2027

The amendment removes an exemption for conversions into MiCA e-money tokens and would tax gains at the 31.4% flat rate even when no euros are withdrawn.

1 source
Plausible

Crypto

Industry Group Asks the Treasury to Clarify GENIUS Act Rules on DeFi and Wallet Location Checks as Payment Firms Build Stablecoin Networks

Circle says more than 175 institutions are helping build its payments network, while Mastercard and Zerohash released new stablecoin tools.

4 sources

Crypto

Miden Launches a Private Self-Custody Wallet as World Offers Human-Verification Proofs to Banks

The two launches set confidential payments against identity attestation as competing products that both use zero-knowledge proofs.

3 sources

Crypto

Hoskinson Is Writing a New Smart-Contract Language for Cardano, Which Holds $63 Million in DeFi

Solana reported 8.92 billion non-vote transactions in the third quarter, a sign of how far activity is concentrating on a few chains.

3 sources

Crypto

Bitcoin Trades Near $82,700 as ETF Outflows Slow and Bitfinex Analysts Warn of Another Liquidation Wave

Strategy bought 267 BTC and repurchased $193 million of preferred shares, while BlackRock filed for a bitcoin buffer ETF.

5 sources