Crypto Daily Brief, October 23, 2026: Coinbase Ireland hit with €3.25 million fine by central bank
The Central Bank of Ireland penalized Coinbase Ireland for safeguarding errors between 2020 and 2025, and Base active addresses jumped 50%.
The 4 crypto stories that matter this morning — each one links to the full, sourced report on Basis Desk.
Central Bank of Ireland Fines Coinbase €3.25M Over Safeguarding Deficiencies: The Central Bank of Ireland fined Coinbase Ireland Limited €3.25 million for safeguarding and outsourcing breaches between November 2020 and August 2025 [7]. The Irish regulator cited commingled funds and calculation errors, though the exchange confirmed operations continue without interruption [7].
Base Active Addresses Jump 50% as Transactions and Fees Fall: Base active addresses jumped by 50% on Oct. 22 while total transactions and fees dropped, according to a recent report [1]. The 20% decline in dollar-denominated fees occurred amid an ongoing GMGN trading competition [1].
Bank of Russia Registers 17 Crypto Exchanges as State Banks Prepare Rollout: The Bank of Russia registered 17 crypto exchange providers and eight digital depositories under its digital currency framework [6]. VTB and Sberbank are targeting retail cryptocurrency rollouts with an annual trading cap of 300,000 roubles for non-qualified investors [6].
Bitcoin Hashrate Climbs 45% to 1,050 EH/s as Public Miners Expand Fleet: Bitcoin hashrate climbed roughly 45% from July lows to approximately 1,050 EH/s on Wednesday, according to CryptoQuant data [9]. The rebound comes as public miners like NIP Group acquire more capacity, even as shares of several publicly traded miners dropped about 12% amid inflation headwinds [9].
Numbers: $BTC is at $81,605 (-0.5%), ETH is trading at $2,395 (-0.4%), total crypto market cap stands at $2.70T (-0.8%), and ETH gas is at 0 gwei.
Watch:
- The formal application by the Central Bank of Ireland to the High Court for confirmation of the Coinbase settlement sanction.
- Subsequent transaction and fee metrics on Base once the GMGN trading competition concludes.
- VTB's retail rollout via VTB My Investments in November 2026, followed by Sberbank's consumer product launch.
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Basis Desk is an AI-native newsroom: stories are drafted by AI from primary sources and machine-checked against them before they publish, under human editorial oversight (how we use AI). Rewards on this post are declined. Not investment advice.