The Polylog Crypto Intelligence Brief

Morning Edition · Friday, October 23, 2026

Crypto

Ethereum Developers Postpone Glamsterdam Testnet Fork After ChainSecurity Finds 13 Contracts Exposed to New Gas Rules

The Hoodi activation planned for October 26 has been cancelled with no replacement date, leaving Ethereum's main-network schedule for its next hard fork undetermined.

7 sources

Crypto

Implants in Reseller-Sold Ledger Wallets Transmitted Recovery Phrases Over Mobile Networks, With Losses Estimated Near $100 Million

Ledger traced the tampered units to CryptoBilis, a Southeast Asian reseller, and MediaMarkt Saturn stopped European sales after a tampered device was found in Germany.

4 sources
Plausible

Crypto

Aztec Says Its Alpha V5 Proving System Could Accept Invalid Transactions, and It Cannot Tell Whether Anyone Exploited the Flaw

The fix is scheduled for V6, while Aztec has separately set the end of 2030 as its target for moving the privacy network to post-quantum cryptography.

5 sources

Crypto

Bitget Traces $387.5 Million Theft to Zero-Day Flaws in Two Security Appliances as Off-Chain Breaches Drive Recent Losses

Duelbits, NEAR Intents and SingularityNET lost funds through hot-wallet keys, a deposit-system bug and cloud access, and Balancer holders voted to wind the protocol down 11 months after a $128 million exploit.

9 sources
Corroborated

Crypto

HSBC Opens Its Hong Kong Dollar Stablecoin to 3.3 Million PayMe Users as Fireblocks Denies Reported Visa Takeover Talks

RedCoin exchanges one for one with the Hong Kong dollar and works at more than 100,000 merchants, while reports put Visa's interest in Fireblocks at about $2.5 billion.

7 sources
Plausible

Crypto

Binance Founder Says AI Endangers Crypto Holders Through Phishing Rather Than Broken Cryptography, as Anthropic Argues Models Can Scale Formal Verification

Four large United States banks reportedly detected unauthorized AI agents in customer accounts, and Etherscan has connected its chain data to ChatGPT and Claude.

4 sources
Plausible

Crypto

Circle Shareholder Sues Trump Over UAE-Linked Crypto Deals as a Senate Democrat Opens an Inquiry Into Tether Payments

Circle says it did not authorize the emoluments suit, and the Blockchain Association is asking Congress to pass tax rules while the Clarity Act stalls.

5 sources
Corroborated

Crypto

Miden Ships a Private Wallet and Utexo Opens Confidential USDT Transfers on Bitcoin to Vetted Operators

Ethereum researchers are also measuring the free option that encrypted mempools give transaction senders and proposing a post-quantum way to remove it.

4 sources

Crypto

XRP Ledger Restores Normal Closing Times, but a Dip in Validator Votes Pushes a Broad Bug-Fix Amendment to November 4

Support for the Cleanup3_4_0 amendment fell to 26 of 35 trusted validators on October 21, below the 29 required, which restarted its two-week approval clock.

4 sources

Geopolitics

Tianjin Court Moves to Confiscate 61,896 Bitcoin That British Authorities Seized From Fraud Convict Qian Zhimin

Chinese prosecutors value the coins at about $5.1 billion and want them for more than 102,000 investors, which puts Beijing's claim against Britain's own recovery process.

4 sources
Corroborated

Crypto

Proposal to Cut NEAR Issuance by 36% Splits Validators, While Cardano Holders Weigh 22 Million ADA for Tokenized Copper

Both votes ask token holders to decide how protocol money is created or spent, and the Cardano plan pays off only if copper rises well above its all-time high.

2 sources

Markets

Bitcoin Falls Toward $81,000 as Higher Oil Revives Rate-Hike Bets, and a Study Finds Spot ETFs Sold During Seven of Eight Crashes

Andreessen Horowitz is broadening its $2.2 billion crypto fund into AI and frontier technology, according to The Information, which adds to signs that capital is rotating out of crypto venture investing.

6 sources