Crypto news, 26 October 2026: Strategy, stablecoins in Canada, Aviva and CoinDCX
Strategy pauses bitcoin purchases and buys back preferred shares, Canada opens a consultation on stablecoin rules, Aviva tokenises a money market fund and CoinDCX books a 16 million dollar loss.
Monday, 26 October 2026. We bring together the relevant facts of the last 24 hours, each checked against a primary or reliable source. The week opens with a change of pace at Strategy, new stablecoin rules in Canada, another tokenised money market fund and a security incident in India.
Markets and Strategy: no bitcoin purchases, preferred share buybacks instead
According to CoinGecko data checked on 26 October at 18:15 (Zurich time), bitcoin is trading around 80,400 US dollars, about 66,500 Swiss francs, down 0.4% over 24 hours, after an overnight low of about 79,400 dollars. Ether is around 2,330 dollars (-1.0%). The market is waiting for the Federal Open Market Committee meeting on 27 and 28 October.
In a Form 8-K filed today, Strategy reports that it neither bought nor sold bitcoin between 19 and 25 October and issued no shares under its at-the-market programme. Instead it repurchased 2,068,459 STRC preferred shares for 204.9 million dollars, funded from its own cash. The company holds about 848,517 bitcoin, bought at an average price of about 75,446 dollars. Its general cash balance falls to 242.4 million, while the reserve set aside for dividends and interest stays at 4.83 billion.

Canada: draft stablecoin rules open for consultation
Canada's Department of Finance published in the Canada Gazette of 24 October the draft regulations needed to bring the Stablecoin Act into force; the consultation runs until 23 December. Issuers that are not financial institutions will have to register with the Bank of Canada, hold reserves at least equal to the stablecoins in circulation with a qualified Canadian custodian and redeem within three business days, with no minimum amount and fees of at most 1%. Paying interest for simply holding a stablecoin remains prohibited, while transaction-based rewards are allowed. The rules are expected to take effect in autumn 2027.
Tokenisation: Aviva Investors brings a sterling money market fund to the XRP Ledger
Aviva Investors and Ripple have announced a tokenised share class of the Aviva Investors Sterling Liquidity Fund, the firm's largest fund with about 22 billion pounds under management. It is an Ireland-domiciled UCITS money market fund: shares are represented on the XRP Ledger as a "digital twin", while the fund keeps its conventional structure and its assets are held by BNY Mellon. Aviva has invested 50 million pounds in the new class; together with the dollar class launched in July, its tokenised offering exceeds 86 million pounds. Access is limited to eligible investors with a digital wallet.
Security: CoinDCX absorbs a 16 million dollar loss
Indian exchange CoinDCX has confirmed a loss of 15.99 million USDT linked to an old wallet infrastructure that was compromised in the July 2025 incident and then retired. Some users kept sending funds to addresses no longer in use: the exchange credited them immediately, but the automated service meant to move them into its main wallets failed for a period, and the accumulated deposits were taken. The company absorbed the loss and, according to CoinDCX, customer balances and operations were not affected. According to CoinDesk, the exchange had initially called the reports a false alarm. The rule stands: always check the current deposit address before every transfer.
Sources
- CoinGecko, bitcoin and ether prices, checked on 26 October 2026 at 18:15: https://www.coingecko.com/en/coins/bitcoin
- Federal Reserve, FOMC meeting calendar: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
- Strategy, Form 8-K of 26 October 2026 (SEC): https://www.sec.gov/Archives/edgar/data/1050446/000119312526431146/mstr-20261026.htm
- Decrypt, Strategy pauses its purchases: https://decrypt.co/381811/strategy-pauses-bitcoin-buying-spends-205m-buying-back-strc
- Canada Gazette, proposed Stablecoin Regulations and consultation: https://gazette.gc.ca/rp-pr/p1/2026/2026-10-24/html/reg1-eng.html, https://gazette.gc.ca/consult/consult2-eng.html
- CoinDesk, Canada's stablecoin rules: https://www.coindesk.com/policy/2026/10/26/canada-opens-consultation-on-draft-stablecoin-rules-maintains-ban-on-yields
- Aviva Investors and Ripple, announcement of 26 October 2026: https://www.avivainvestors.com/en-gb/about/company-news/2026/10/aviva-investors-launches-tokenised-share-class-for-sterling-liquidity-fund/, https://ripple.com/ripple-press/aviva-investors-expands-its-tokenised-offering-with-the-launch-of-a-sterling-liquidity-fund-tokenised-share-class/
- CoinDCX, official update of 25 October 2026: https://coindcx.com/blog/coindcx-news/on-chain-wallet-activity-update-21-oct-2026
- CoinDesk, the CoinDCX loss: https://www.coindesk.com/markets/2026/10/26/coindcx-absorbs-usd16-million-loss-from-internal-process-failure-tied-to-retired-wallet