Key Takeaways
- • US spot Bitcoin ETFs recorded USD 137.33 million in net inflows on October 28, according to SoSoValue, led by BlackRock's IBIT at USD 136.01 million. Total Bitcoin ETF net asset value stood at USD 104.88 billion.
- • Google is previewing Google Multi-Party Compute (MPC), a custody service for banks and other financial institutions. The product is in private preview, commercial availability is planned for early 2027, and pricing has not been disclosed.
- • Visa reported an annualized stablecoin settlement run rate above USD 25 billion, roughly tenfold growth from a year earlier, across 10 blockchains and five settlement stablecoins, according to CEO Ryan McInerney on the October 27 fiscal fourth-quarter earnings call.
- • Hyperliquid permanently burned 49.87 million HYPE tokens, about 4.99% of its 1 billion-token maximum supply, valued at roughly USD 3.89 billion at the time of the on-chain snapshot, per Onchain Lens.
- • XRP Ledger active accounts reached 32,604 on October 27, the highest reading of 2026 and well above the 30-day average of 19.4K, even as the XRP price slipped.
Summary
US spot Bitcoin ETFs attracted USD 137.33 million in net inflows on October 28, per SoSoValue data. BlackRock's IBIT led with a daily net inflow of USD 136.01 million, and its cumulative historical net inflow now stands at USD 66.53 billion. Bitwise's BITB was second with USD 1.32 million in daily inflows and USD 2.03 billion in cumulative inflows. Across the category, the historical cumulative net inflow has reached USD 57.61 billion, and the ETF net asset ratio is 6.41%.
Google has entered crypto infrastructure services with a preview of Google Multi-Party Compute (MPC), a security service designed to help banks and other financial institutions safeguard and move cryptocurrencies and tokenized assets. The service reduces reliance on a single private key by distributing control across several parties or computers using multi-party computation. Several design partners and major financial institutions are testing the product, although Google declined to name them. The offering places Google in competition with established custody providers including Fireblocks, Fordefi and BitGo.
Visa has surpassed USD 25 billion in annualized stablecoin settlement volume, a tenfold increase from a year earlier, as it expands blockchain operations across 10 networks and five international regions. CEO Ryan McInerney disclosed the figures on the October 27 fiscal fourth-quarter earnings call, noting that settlement now covers more than twice the number of blockchains supported a year ago. The USD 25 billion figure is an annualized run rate based on current activity, not the total processed in fiscal 2026. Visa's stablecoin-linked card business has grown to more than 225 programs serving approximately 5 million cards across more than 50 countries.
On-chain data showed Hyperliquid permanently burned 49.87 million HYPE tokens, according to Onchain Lens. The tracker valued the burn at roughly USD 3.89 billion at the time of the snapshot and reported lifetime protocol revenue of USD 1.38 billion. Over the prior 24 hours, about 19,700 HYPE, worth approximately USD 1.59 million, were burned against estimated fees of USD 1.69 million, illustrating the exchange's fee-driven supply reduction mechanism.
XRP Ledger activity reached its highest level of the year on October 27, with 32,604 active accounts, defined as unique senders on the network. That reading is well above the 30-day average of 19.4K and exceeds the 13K to 20K range that daily active accounts mostly held over the past year. The increase followed a sharp drop in late August and early September, when activity fell to nearly 4K accounts. The available data does not establish a specific cause for the rise, and XRP's price moved lower over the same period.
Google has entered crypto infrastructure services with a preview of Google Multi-Party Compute (MPC), a security service designed to help banks and other financial institutions safeguard and move cryptocurrencies and tokenized assets. The service reduces reliance on a single private key by distributing control across several parties or computers using multi-party computation. Several design partners and major financial institutions are testing the product, although Google declined to name them. The offering places Google in competition with established custody providers including Fireblocks, Fordefi and BitGo.
Visa has surpassed USD 25 billion in annualized stablecoin settlement volume, a tenfold increase from a year earlier, as it expands blockchain operations across 10 networks and five international regions. CEO Ryan McInerney disclosed the figures on the October 27 fiscal fourth-quarter earnings call, noting that settlement now covers more than twice the number of blockchains supported a year ago. The USD 25 billion figure is an annualized run rate based on current activity, not the total processed in fiscal 2026. Visa's stablecoin-linked card business has grown to more than 225 programs serving approximately 5 million cards across more than 50 countries.
On-chain data showed Hyperliquid permanently burned 49.87 million HYPE tokens, according to Onchain Lens. The tracker valued the burn at roughly USD 3.89 billion at the time of the snapshot and reported lifetime protocol revenue of USD 1.38 billion. Over the prior 24 hours, about 19,700 HYPE, worth approximately USD 1.59 million, were burned against estimated fees of USD 1.69 million, illustrating the exchange's fee-driven supply reduction mechanism.
XRP Ledger activity reached its highest level of the year on October 27, with 32,604 active accounts, defined as unique senders on the network. That reading is well above the 30-day average of 19.4K and exceeds the 13K to 20K range that daily active accounts mostly held over the past year. The increase followed a sharp drop in late August and early September, when activity fell to nearly 4K accounts. The available data does not establish a specific cause for the rise, and XRP's price moved lower over the same period.
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