Briefs · Evening brief
Evening brief: Circle launches USDC auction, crypto liquidations hit $207.1M
Circle opened an hourly USDC mint-and-redeem auction, tZERO signed on to run Temple Digital's tokenized-securities venue, and crypto liquidations totaled $207.1M over the 24 hours to 3:35 p.m. ET, per CoinMarketCap data.
Stakes
The plumbing behind stablecoins and tokenized securities kept expanding on Friday: Circle opened an hourly auction for institutional USDC minting and redemption, and tZERO signed on to run Temple Digital's tokenized-securities venue. Leveraged traders were forced out on both sides, with $207.1M of crypto positions liquidated over 24 hours and at least $105.3M more on metals, stock and energy contracts.
Liquidations
Crypto liquidations totaled $207.1M over the 24 hours to 3:35 p.m. ET, with longs at $96.8M and shorts at $110.3M, according to CoinMarketCap data. Liquidations are leveraged derivatives positions that exchanges forcibly close when margin runs out; this measure is the USD value of those closures across exchanges CoinMarketCap tracks, crypto contracts only. Data: CoinMarketCap.
Top five coins by 24-hour liquidations, 24 hours to 3:35 p.m. ET:
| # | Coin | 24h total | Longs | Shorts |
|---|---|---|---|---|
| 1 | Irys (IRYS) | $54.1M | $4.1M | $49.9M |
| 2 | Ethereum (ETH) | $29.0M | $16.7M | $12.3M |
| 3 | Bitcoin (BTC) | $28.6M | $19.2M | $9.5M |
| 4 | Zcash (ZEC) | $6.2M | $3.4M | $2.9M |
| 5 | Pepe (PEPE) | $5.6M | $1.7M | $3.9M |
Non-crypto perpetual futures liquidations
Liquidations on non-crypto contracts listed by CoinMarketCap, such as metals, stocks, ETFs and energy, totaled at least $105.3M over the same 24 hours, with longs at $78.9M and shorts at $26.5M, across 63 entries. The figure is a floor, since it covers only non-crypto entries in CoinMarketCap's top-250 per-asset list, and CoinMarketCap does not tag each figure as perpetual or dated futures; every pair listed for the five contracts below is a perpetual. Data: CoinMarketCap.
| # | Contract | 24h total | Longs | Shorts |
|---|---|---|---|---|
| 1 | Silver (XAG) | $23.3M | $22.6M | $0.6M |
| 2 | Gold (XAU) | $17.1M | $16.8M | $0.3M |
| 3 | Direxion Daily Semiconductor ETF (SOXL) | $14.3M | $12.6M | $1.7M |
| 4 | SanDisk Corporation (SNDK) | $9.4M | $6.8M | $2.6M |
| 5 | Crude Oil Futures (CL) | $5.8M | $0.1M | $5.7M |
U.S. session close
CoinGecko USD prices at 4:00 p.m. ET Friday vs 4:00 p.m. ET Thursday (nearest CoinGecko data point; both points fell exactly on 4:00 p.m. ET).
| Asset | 4:00 p.m. ET price | vs Thu |
|---|---|---|
| BTC | $81,201.17 | −0.23% |
| ETH | $2,392.21 | +0.34% |
| SOL | $103.48 | −0.06% |
| XRP | $1.3020 | −0.23% |
Prices: Powered by CoinGecko API, 4:00 p.m. ET data points, accessed Oct. 23, 2026, 4:08 p.m. ET.
Movers
Le Coin compared 32 large coins' CoinGecko USD prices at 4:00 p.m. ET against Thursday's 4:00 p.m. ET price; PEPE rose most and TIA fell most. Twelve of the 32 were higher.
| Coin | 4:00 p.m. ET price | vs Thu |
|---|---|---|
| PEPE | $0.0000046919 | +6.87% |
| ENA | $0.20826 | +4.39% |
| BCH | $283.22 | +3.35% |
| ATOM | $1.7414 | +2.38% |
| INJ | $7.7597 | −3.36% |
| NEAR | $4.7331 | −3.79% |
| TIA | $0.54125 | −4.04% |
Prices: Powered by CoinGecko API, 4:00 p.m. ET data points, accessed Oct. 23, 2026, 4:08 p.m. ET.
What printed
tZERO said Temple Digital Group has engaged tZERO Securities, an SEC-registered broker-dealer, to operate as broker-dealer and alternative trading system for Temple's tokenized-securities trading platform on the Canton Network; the companies said implementation is pending and launch timing will be announced separately.
Circle said it launched Circle Match for eligible Circle Mint customers, an hourly auction that pairs institutional USDC mint and redemption orders, with matched minters receiving the clearing fee as a rebate and redeemers paying no more than Circle's Express rate.
Dune said tokenized stocks and ETFs traded more than $37 billion onchain in the third quarter of 2026, with monthly volume up almost 18 times since January, in an Oct. 22 release announcing its new Market Data Feeds product; the figures are company-reported and Le Coin has not verified them.
INTERPOL said police in 21 countries arrested 1,462 suspects and recovered more than $105 million in illicit funds in Operation Serengeti III, a cybercrime sweep in Africa from June 29 to Aug. 31 that mainly targeted fraud, ransomware and online scams; crypto was one strand, with investigators in Angola dismantling two illegal cryptocurrency mining centres and seizing more than 2,000 mining devices.
Lido said a new version of its Community Staking Module, 0x02 CSM, is live, letting independent operators run validators with a maximum effective balance of up to 2,048 ETH alongside the existing 32-ETH version, in a post on its official X account.
Lido described "Turbulence Controls" as a core feature of its Lido Lend product, a set of levers meant to limit the impact of severe collateral events such as hacked or stolen collateral and liquidity crunches, in a post on its official X account.
Circle said cirBTC and EURC have joined USDC on Circle Gateway, its service that gives developers one unified balance per asset across blockchains, in a post on its official X account.
Securitize said tokens tracking Apple, Nvidia, Tesla and nine other widely held US stocks are live on Securitize Stocks on Solana for eligible investors, each backed one-for-one by an underlying share, according to a post on its official X account; the launch adds to this week's run of tokenized-equity products.
Ascend Markets and M1X Global said they completed the first institutional repurchase agreement on the Stellar network, using USDM1, a Marshall Islands sovereign bond secured by short-dated US Treasuries, as collateral, with 72 automated hourly rolls between Oct. 16 and Oct. 19, according to their release.
Sources (11)
- Liquidations data: CoinMarketCap, https://coinmarketcap.com, Pro API GET /v5/derivatives/liquidations/quotes/latest and GET /v5/derivatives/liquidations/cryptocurrency/list/latest, data last updated Oct. 23, 2026, 3:33 p.m. ET, accessed Oct. 23, 2026, 3:35 p.m. ET; perpetual-pair check via /v5/cryptocurrency/derivatives/market-pairs/list/latest, accessed about 2:12 p.m. ET.
- Prices: Powered by CoinGecko API (https://www.coingecko.com/en/api). Endpoint GET /api/v3/coins/{id}/market_chart/range, vs_currency=usd, 4:00 p.m. ET data points on Thursday Oct. 22 and Friday Oct. 23, 2026; accessed Oct. 23, 2026, 4:08 p.m. ET.
- tZERO, "tZERO Selected by Temple Digital Group as Infrastructure Provider for Tokenized Securities," NewMediaWire, Oct. 22, 2026, 9:00 a.m. ET, https://www.newmediawire.com/news/tzero-selected-by-temple-digital-group-as-infrastructure-provider-for-tokenized-securities-7090794, accessed Oct. 23, 2026, 9:30 a.m. ET.
- Circle, "Circle Match: Get a rebate to Mint, Set Your Price to Redeem," Oct. 22, 2026, https://www.circle.com/blog/circle-match-get-a-rebate-to-mint-set-your-price-to-redeem, accessed Oct. 23, 2026, 9:30 a.m. ET.
- Dune: "Dune Launches Real-Time Market Data Feeds as Tokenized U.S. Stocks Move Onchain," GlobeNewswire, Oct. 22, 2026, 8:00 a.m. ET, https://www.globenewswire.com/news-release/2026/10/22/3386238/0/en/dune-launches-real-time-market-data-feeds-as-tokenized-u-s-stocks-move-onchain.html, accessed Oct. 23, 2026, 6:24 a.m. ET.
- INTERPOL, "Cybercrime crackdown in Africa nets 1,462 arrests, recovers over USD 105 million," Oct. 22, 2026, https://www.interpol.int/en/News-and-Events/News/2026/Cybercrime-crackdown-in-Africa-nets-1-462-arrests-recovers-over-USD-105-million, accessed Oct. 23, 2026, 1:04 p.m. ET.
- Lido (@LidoFinance), official X account post, Oct. 23, 2026, 10:13 a.m. ET, https://x.com/LidoFinance/status/2113634812833767655, accessed Oct. 23, 2026, 1:23 p.m. ET. Cited as Lido's own statement.
- Lido (@LidoFinance), official X account post, Oct. 23, 2026, 11:33 a.m. ET, https://x.com/LidoFinance/status/2113654931383058657, accessed Oct. 23, 2026, 1:23 p.m. ET. Cited as Lido's own statement.
- Circle (@circle), official X account post, Oct. 23, 2026, 11:00 a.m. ET, https://x.com/circle/status/2113646628993483236, accessed Oct. 23, 2026, 1:23 p.m. ET. Cited as Circle's own statement; the linked Circle blog page returned no readable text.
- Securitize (@Securitize), official X account post, Oct. 23, 2026, 10:51 a.m. ET, https://x.com/Securitize/status/2113644410600591673, accessed Oct. 23, 2026, 1:23 p.m. ET. Cited as Securitize's own statement.
- Ascend and M1X Global, "Ascend and M1X Global Complete First Institutional Repo on Stellar Using USDM1 Secured Sovereign Bond," Business Wire, Oct. 23, 2026, https://www.businesswire.com/news/home/20261023351098/en/Ascend-and-M1X-Global-Complete-First-Institutional-Repo-on-Stellar-Using-USDM1-Secured-Sovereign-Bond, accessed Oct. 23, 2026, 1:23 p.m. ET.
Not financial advice.