Crypto

The total crypto market cap is back to $4 trillion.

JPYC President Noriyoshi Okabe said that the stablecoin has already garnered interest from seven companies that are looking to incorporate it into their services. Tokyo-based fintech firm JPYC has launched Japan’s first yen-backed stablecoin along with a platform to issue the new coin, amid a growing global race to corner the growing market. The Japanese yen stablecoin JPYC went live on Monday and is backed one-to-one by bank deposits and government bonds, and also has a 1:1 exchange rate with the yen, the company said on Friday. At a press conference in Tokyo, JPYC President Noriyoshi Okabe said the stablecoin from his company is a “major milestone in the history of Japanese currency,” and has also attracted interest from seven companies planning to incorporate it, according to a report from Business Insider Japan.   Read more

The ruling defines crypto as property with fiduciary protections, preventing WazirX from diluting user holdings after a $234 million hack.

Nevada regulators shut down Fortress Trust on Oct. 22, citing insolvency that left the custodian holding roughly $200,000 in cash against $8 million owed in fiat and $4 million in crypto. The cease-and-desist order marked the second major Nevada trust-company collapse in two years, following Prime Trust’s entry into receivership in June 2023. Both firms […] The post Nevada shuts down Fortress Trust: Who holds your keys during custody consolidation? appeared first on CryptoSlate.

Australia’s crypto exchanges have been largely positive about the government’s proposed crypto laws, but have told the Treasury that further clarity is needed. Australia’s crypto industry has largely backed the government’s draft crypto legislation released last month, but has still responded to a Treasury consultation with demands for further clarity. “The draft legislation, as it stands, leaves some critical questions unanswered,” Caroline Bowler, the former CEO of crypto exchange BTC Markets, said in a statement. On Friday, the Treasury concluded a consultation that began in late September on draft rules extending finance sector laws to crypto exchanges. Read more

The Crypto Fear & Greed Index has flipped to neutral, leaving “fear” behind for the first time since the mid-October market crash sparked by Trump’s China tariffs. The Crypto Fear & Greed Index finally clawed its way out of the “fear” zone on Sunday, resolving to neutral for the first time in more than two weeks as the price of Bitcoin surged back to around $115,000 over the weekend. The Crypto Fear & Greed Index, which measures overall market sentiment, is currently sitting in the “neutral” zone with a score of 51 out of 100.   It’s up 11 points from the fearful score of 40 on Saturday, and also up over 20 points since last week, marking a sharp change in tune over the past few days.        Read more

For a market supposedly in a bull run, it doesn’t feel like one. Sure, Bitcoin may have set a couple of record highs this cycle, but the rallies have been uneventfully yawn-inducing, and the corrections have been savage. Altcoins are down 90% or more. Retail has vanished. And even the diehards are wondering if this […] The post The worst bull run ever? How institutions, memes, and macro turned crypto’s glory cycle into a grind appeared first on CryptoSlate.

Bitcoin climbed over the weekend as signs of progress in U.S.–China trade talks lifted risk appetite across global markets.

Bitplanet, a publicly-listed firm backed by Metaplanet’s Simon Gerovich and Sora Ventures, has begun its daily Bitcoin purchases.

Kraken’s record-breaking third quarter paints a vivid picture of a maturing crypto market and a grown-up company setting its sights on a long-awaited public debut. With $648 million in revenue and $178.6 million in adjusted EBITDA, Kraken posted its highest-ever profits in Q3, up 114% year-on-year. Unlike some of its counterparts that have struggled throughout […] The post How Kraken is quietly becoming the most bankable name in crypto appeared first on CryptoSlate.

On-chain data shows roughly 62,000 BTC have moved out of long-term storage since mid-October, softening one of this cycle’s strongest tailwinds. But steady whale accumulation and a moderate short-side cleanup helped prices stabilize near $114K.

Zcash rallied 490% in the last 30 days and also crossed the $5 billion market capitalization threshold for the first time on Sunday. Privacy-focused cryptocurrency Zcash has surged 30% in the last 24 hours after crypto entrepreneur Arthur Hayes predicted the token would eventually reach $10,000.  Zcash rallied from $272 to a peak of $355 in the hours after Hayes’s “vibe check” post on X on Sunday with the bullish prediction, outperforming all other top 50 tokens by market capitalization over the same time frame. This isn’t the first time Hayes’ predictions have been linked to a token’s rise. At the August WebX 2025 conference in Tokyo, he stated that Hyperliquid’s HYPE token could increase 126 times over the next three years, which resulted in a 4% spike for HYPE. Read more

Bitplanet Inc. has purchased 93 BTC and initiated a daily Bitcoin buying program, positioning the company as a first mover in Korea’s public-market adoption of BTC for corporate treasuries. The Seoul-based firm says the transaction was executed entirely through regulated and compliant infrastructure. “This transaction marks the first Bitcoin purchase by a publicly listed company […] The post Bitplanet starts daily Bitcoin accumulation with 93 BTC purchase, targets 10k BTC treasury appeared first on CryptoSlate.

Bitcoin cleared $112,000 on heavy volume and hovered near $114,500 late Sunday (UTC), while CoinGlass showed $319 million of short positions liquidated over 24 hours.

Western Union CEO said there are “significant opportunities” to utilize stablecoins for sending and receiving money across borders. Financial services company Western Union is set to pilot a stablecoin-based settlement system to modernize its remittance operations for its more than 150 million customers. During Western Union’s third-quarter earnings call on Thursday, CEO Devin McGranahan said the pilot is “focused on leveraging onchain settlement rails to reduce dependency on legacy correspondent banking systems, shorten settlement windows, and improve capital efficiency.” Western Union processes around 70 million transfers each quarter. Blockchain technology could offer significant advantages over traditional remittance rails and could benefit its customers located in more than 200 countries. Read more

The price of Bitcoin (BTC) rebounded past the $112,000 resistance level over the weekend, trading at $113,724 at the time of writing, according to CryptoSlate data. Bitcoin’s price breached the $113,000 mark for the second time this week—on Oct. 21, BTC was trading at $113,678. The latest price movement has helped Bitcoin’s value recover nearly […] The post Bitcoin retraces nearly half its losses from October crash amid Fed rate-cut expectations appeared first on CryptoSlate.

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, US Treasury Scott Bessent signals trade framework deal reached, CZ’s pardon by Trump followed a lobbying push that included $450,000 to Trump-linked lobbyists, and Kyrgyzstan launches a stablecoin and confirms CBDC rollout with the help of Changpeng Zhao. Scott Bessent, the Treasury secretary of the United States, said on Sunday that the US and China have made “substantial” headway on a trade deal framework between the two countries, stoking investor hopes that markets will resume their upward trajectory. The prospective framework means the 100% additional tariffs on China, announced in October, will likely not be implemented, and he said the two countries would also collaborate on security agreements. Bessent added: Read more

India leads for the third year, while US crypto activity jumps 50% to $1 trillion.

Ethereum layer-2 networks have glaring security and centralization issues, according to Anatoly Yakovenko, co-founder of the Solana blockchain. Solana co-founder Anatoly Yakovenko cast doubt on the decentralization and security of Ethereum’s layer-2 (L2) scaling networks during a heated debate on Sunday. Layer-2 scaling networks feature a huge attack surface and code bases so large that they cannot be properly audited for software bugs. User funds can also be shifted from L2s, which rely on multi-signature custody, without the users' consent, Yakovenko added. ‘The claim that layer-2s inherit ETH security is erroneous,’ Yakovenko said during the debate. He argued:  The conversation surrounding Ethereum’s layer-2 scaling networks continues, as developers, investors, and industry executives debate whether the layer-2 networks benefit the Ethereum layer-1 blockchain or hurt it. Read more

The stock-to-flow model may not be the best framework to forecast Bitcoin prices, Bitwise investment analyst André Dragosch said. Bitcoin’s (BTC) Stock-to-Flow (S2F) model, one of the most widely cited BTC valuation frameworks, forecasts a peak price of $222,000 during this market cycle, but investors should exercise caution when using the model, according to André Dragosch, the European head of research at investment firm Bitwise. The Stock-to-Flow model does not take into account demand-side factors, and instead, centers its price modeling on Bitcoin’s halvings, which reduce the amount of newly issued BTC by half every four years, Dragosch said. He added: Exchange-traded funds, ETPs, and other Bitcoin investment vehicles have created a price floor for BTC, supporting prices above the $100,000 level. Read more