Over $100B Flows Back into Crypto in ~24 Hours: 24-Hour Market Brief — Trump–Xi Signals, Bybit Delistings, Vitalik’s GKR, RVV Fallout, and HyperSwap TGE

2025-10-20

Written by:Ethan Brooks
Over $100B Flows Back into Crypto in ~24 Hours: 24-Hour Market Brief — Trump–Xi Signals, Bybit Delistings, Vitalik’s GKR, RVV Fallout, and HyperSwap TGE

Over $100B Flows Back into Crypto in ~24 Hours: What Actually Moved the Market

The crypto market staged a swift rebound with ~$100B added back to total capitalization over roughly the past day, as large-cap coins led a broad bounce from last week’s capitulation. Exact windows differ by tracker, but multiple data providers show a day-over-day climb of around one hundred billion dollars amid improving risk tone.

Macro & geopolitics: APEC Korea and tariff headlines

  • Trump–Xi on Oct 31 (APEC, South Korea): U.S. President Donald Trump is set to meet China’s President Xi Jinping on the APEC sidelines in South Korea, with officials signaling late-October timing and Oct 31 as the APEC start. The meeting comes after sharp market moves on tariff threats and rare-earths jitters.
  • Tariffs on India: Trump said the U.S. will keep “massive” tariffs in place unless India stops buying Russian oil, underscoring cross-current macro risks that can bleed into crypto beta.
  • China’s trade team reshuffle: Beijing formally removed veteran negotiator Li Chenggang from the WTO post following his reassignment; another pulse point to watch into APEC week.

Venue & exchange mechanics: Bybit’s delisting slate

Bybit announced a batch delisting of selected perpetual contracts. Community lists circulating on X/Threads reference tickers including $BDXN, $NODE, $AGT, $FIS, $SKATE, $FHE, $GORK, $TANSSI, $TOKEN, $OSMO, $SCA, $DMC, $MAJOR, $FRAG, $SWELL. As always, confirm the final roster and timing on the official Bybit announcement hub (the Oct 19 item and related derivative updates).

Coins & corporates: Saylor chatter, SOL rumor check

  • $MS…R? Speculation flared again about Michael Saylor adding BTC; while rumors swirl, a verifiable datapoint is that MicroStrategy (MSTR) disclosed a $27M BTC purchase the week prior to the big selloff — useful context when gauging ‘Saylor effect’ headlines.
  • $SOL — “Forward Industries holds 34% of Solana Strategic Reserve”: This claim is not verified by filings or official Solana sources; it appears to stem from social posts without on-chain or IR documentation. Treat as unsubstantiated unless credible evidence emerges.

Tech & research: Vitalik details the GKR protocol

Vitalik Buterin published a tutorial-style post on the GKR protocol (Goldwasser–Kalai–Rothblum), framing how it can accelerate zk-EVM and zk-ML-type proving by committing only to inputs/outputs and optimizing sumcheck rounds. Community summaries highlight theoretical overhead for Poseidon hashing dropping from ~100× (traditional STARK paths) toward ~15× — with single-digit regimes in practice. For builders, the takeaway is faster proofs for batch-and-multi-layer computations, more feasible real-time ZK in production, and better UX headroom for rollups.

Security incidents & token flows: RVV sell-pressure post-listing

$RVV (Astra Nova) saw heavy selling after appearing on Binance Alpha; multiple outlets and an official Square post attribute the cascade to 18 wallets unloading ~890M RVV (≈$10.66M), with the team stating a third-party market-maker account was compromised and promising buybacks/bounties. If you’re trading RVV, expect elevated spreads, skewed depth, and jumpy slippage until inventories normalize.

Stablecoins & funds: BlackRock’s “GENIUS” alignment

BlackRock headlines a new Act-Aligned fund branded #GENIUS, positioned (per trade press) to support stablecoin reserve demand. This is an emerging story carried by crypto media; wait for primary docs for hard allocations or issuer tie-ins, but the direction underscores the institutionalization of tokenized cash rails.

On-chain treasuries: El Salvador keeps stacking sats

According to exchange news desks relaying regional media, El Salvador added 8 BTC during the past week, taking reported reserves to about 6,354.18 BTC. Official wallets and state disclosures remain the highest bar for confirmation; treat media tallies as indicative.

Product launches: HyperSwap ($SWAP) TGE on Oct 20

HyperSwap (an AMM within the Hyperliquid ecosystem) confirmed its SWAP token TGE on Oct 20, with articles summarizing a 100M supply and distribution that includes a community genesis allocation. If you intend to trade, verify contract addresses, vesting, and the exact redemption/airdrop mechanics on the official channels.

Voices: Coinbase’s Armstrong to newcomers

Brian Armstrong reiterated a perennial message: you don’t need to buy a whole BTC or ETH to start; fractional purchases are fine — a helpful reminder after volatile weeks. The sentiment made the rounds on X and crypto media today.

Market context: from capitulation to rebuild

Last week’s wipeout was, by many accounts, the largest 24-hour liquidation in crypto’s history. Post-flush tapes often transition into spot-led stabilization, funding normalization, and a measured rebuild of OI. Today’s bounce fits the early phase of that script; confirmation would be (1) funding drifting toward neutral with price steady to higher, (2) breadth in majors beyond a short-covering burst, and (3) higher-quality depth on perps books.

Quick tracker: 24-hour market moves

  • $BTC reclaimed the ~$111k handle intraday, +3–4% on the session as large-cap risk stabilized; majors (ETH, SOL, BNB, DOGE) green 3–5%.
  • Total cap +~$100B over ~24h across multiple trackers; note that intraday windows vary by methodology (UTC cutoffs, free-float).

Reality checks & caveats

  • Unverified claims (SOL/Forward Industries): treat social-media figures skeptically without filings, on-chain addresses, or official statements.
  • Bybit delistings list: final tickers should be confirmed on the official delistings page; third-party lists circulate but may omit timing nuances.
  • Fund launches: media headlines about new vehicles (e.g., BlackRock) should be cross-checked against term sheets or issuer pages before allocating.

What to watch next (48–72h)

  1. APEC week headlines: Any concrete progress or setbacks around U.S.–China frictions ahead of Oct 31 can sway risk.
  2. Funding & OI rebuild: A slow increase in OI with funding near flat as prices stabilize is healthier than a vertical leverage snapback.
  3. HyperSwap TGE execution: Verify token contracts, pool depth, and vesting claims before interacting.
  4. RVV post-mortem: Follow any team buyback or clawback progress; spreads and borrow rates will telegraph risk appetite.

Bottom line

Liquidity has tip-toed back into crypto — roughly $100B over the past day — as macro risks show tentative de-escalation and venues digest last week’s chaos. Into APEC, headlines can still whipsaw the tape. Trade the confirmations, not the hopes: spot-led bids, normalized funding, and cleaner depth are the tells that this rebound has legs.

Further Reading and Resources

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