# 24H Web3 News Recap #557 Web3 News Recap, edition 557. Published 2026-10-21. 3 min read. Canonical page: https://www.w3match.com/reports/recap-2026-10-21 Top stories: JPMorgan forecasts 10% yearly Bitcoin returns over a decade; Drift exploiter sends $61M in ETH to Tornado Cash; Solana's Alpenglow targets 150ms finality, down from 6 seconds. ## Key numbers - **Fear & Greed Index:** 63/100 (alternative.me, 2026-10-21; Greed, 55 yesterday) ## Macro & Global Markets - US 10-year Treasury yield eases to 5.12% on October 20 from 5.15% - South Korea's Kospi jumps 3.7% on Wednesday, Taiwan's Taiex adds 1.4% ## Market & Trading - Zcash jumps 11% to about $1,260, leading the top 10 cryptocurrencies - Blockchain.com launches options on seven tokens, including BTC and HYPE, from $5 premiums ## Institutional Moves - JPMorgan Asset Management forecasts 10% yearly Bitcoin returns over a decade, gold 5.5% - Strive closes its $630M SATS preferred stock IPO with a 15% dividend ## Regulatory Developments - Utah sues Kalshi and Susquehanna, citing up to $61.2M in fees from Utah users - Ripple files a 20-page SEC comment letter, citing $150M spent fighting the agency ## Global Regulation - Swiss regulator FINMA approves the country's first spot Bitcoin ETF for retail investors - Kazakhstan's AFSA moves to have Apple and Google pull six exchange apps, including Coinbase ## Layer 1 & Layer 2 - Solana's Alpenglow goes live Wednesday, targeting 150ms finality versus about 6 seconds - LayerZero sets November 30 for Zero mainnet, with ATLAS trading at 200,000 TPS ## Stablecoins & Payments - Stablecoins move over $400M per hour, with 73% of volume outside US banking hours - Injective and BDACS sign an MoU making won stablecoin KRW1 its main RWA settlement asset ## Security & Enforcement - Drift exploiter sends 25,700 ETH, about $61M, to Tornado Cash and still holds $194M - Liquid Network resumes swaps after its 4,000 BTC hack, attackers still hold 600 BTC ## AI & Crypto Convergence - Mastercard opens early access to Agent Pay for Machines after pilots with six firms - Tether joins Tenstorrent's $1.5B Series E, which values the AI chipmaker at $6.2B ## Sources - [Daily Treasury Par Yield Curve Rates, October 2026](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202610), home.treasury.gov, 2026-10-20 - [Bitcoin hovers around $83,000 as AI earnings revive tech, ZEC jumps 11%](https://www.coindesk.com/markets/2026/10/21/bitcoin-hovers-around-usd83-000-as-ai-earnings-revive-tech-zec-jumps-11), coindesk.com, 2026-10-21 - [Blockchain.com rolls out crypto options as it pursues US derivatives licenses](https://www.theblock.co/news/markets/2026-10-20-blockchain-com-launches-options-trading-bitcoin-ether-sol-421326), theblock.co, 2026-10-20 - [JPMorgan sees 10% annual bitcoin returns, topping stocks, bonds and gold over next decade](https://www.coindesk.com/markets/2026/10/20/jpmorgan-sees-10-annual-bitcoin-returns-topping-stocks-bonds-and-gold-over-next-decade), coindesk.com, 2026-10-20 - [Strive closes $630M SATS IPO, leaves Bitcoin allocation unspecified](https://cointelegraph.com/news/strive-closes-630m-sats-ipo-leaves-bitcoin-allocation-unspecified), cointelegraph.com, 2026-10-20 - [Utah likens Kalshi to a 'back-alley gambling den' in lawsuit naming Susquehanna firms](https://www.theblock.co/news/regulation/2026-10-20-utah-likens-kalshi-back-alley-gambling-den-lawsuit-naming-susquehanna-firms-421442), theblock.co, 2026-10-20 - [Ripple backs SEC crypto rule after $150M legal fight, seeks key changes](https://crypto.news/ripple-sec-regulation-crypto-assets-comment-letter/), crypto.news, 2026-10-20 - [Swiss regulator FINMA approves country's first spot bitcoin ETF for retail investors](https://www.theblock.co/news/regulation/2026-10-20-swiss-regulator-finma-approves-countrys-first-spot-bitcoin-etf-for-retail-investors-421127), theblock.co, 2026-10-20 - [Kazakhstan shuts down mobile access to 6 major crypto exchanges](https://cryptoslate.com/kazakhstan-shuts-down-mobile-access-to-6-major-crypto-exchanges/), cryptoslate.com, 2026-10-20 - [Solana's Alpenglow, its biggest network overhaul since 2020, goes live Wednesday](https://www.coindesk.com/tech/2026/10/21/solana-s-alpenglow-its-biggest-network-overhaul-since-2020-goes-live-wednesday), coindesk.com, 2026-10-21 - [LayerZero sets Nov. 30 launch for Zero mainnet and ATLAS trading](https://crypto.news/layerzero-zero-mainnet-atlas-november-30-launch/), crypto.news, 2026-10-20 - [Stablecoins move over $400 million per hour on average as off-hours transfers dominate](https://www.theblock.co/news/web3/2026-10-20-stablecoins-move-400-million-per-hour-421111), theblock.co, 2026-10-20 - [Injective partners with BDACS to bring Korean won stablecoin to RWA ecosystem](https://www.theblock.co/news/markets/2026-10-20-injective-partners-bdacs-418883), theblock.co, 2026-10-20 - [Drift exploiter sends $61M ETH to Tornado Cash, holds $194M](https://cointelegraph.com/news/drift-exploiter-eth-tornado-cash), cointelegraph.com, 2026-10-20 - [Liquid Network announces final stages of recovery following massive hack](https://bitcoinmagazine.com/news/liquid-network-announces-recovery), bitcoinmagazine.com, 2026-10-20 - [Mastercard opens early access to AI agent payments following pilots with Coinbase, Base and Cloudflare](https://www.theblock.co/news/business/2026-10-20-mastercard-opens-early-access-to-ai-agent-payments-following-pilots-with-coinbase-base-and-cloudflare-421406), theblock.co, 2026-10-20 - [Tether joins Tenstorrent's $1.5B round as AI investments grow](https://crypto.news/tether-tenstorrent-series-e-ai-investment/), crypto.news, 2026-10-20 Every number names its provider and date. Not financial advice.