Crypto

Mitsubishi UFJ, Sumitomo Mitsui and Mizuho Financial Groups aim to create a shared framework for stablecoin issuance and transfer, according to a story in Nikkei.

From Tokyo Whale to the Halloween deadline, Mt. Gox’s long journey through Bitcoin history is nearing its end. Mt. Gox, the defunct Tokyo-based cryptocurrency exchange, still holds around 34,689 Bitcoin (BTC) ahead of its Oct. 31 repayment deadline. The exchange lost around 650,000 BTC in thefts that went undetected from 2011 until its 2014 collapse, while about 200,000 BTC was later found in an old-format wallet. Those coins became the foundation for creditor repayments overseen by court-appointed trustee Nobuaki Kobayashi. In 2017 and 2018, Kobayashi earned the nickname “Tokyo Whale” for selling Mt. Gox Bitcoin to fund fiat repayments. In mid-2024, wallet activity surged again as roughly 100,000 BTC was moved between Mt. Gox addresses for distribution, though not all represented actual sales. Read more

AI compute remains centralized in developed nations. Decentralized blockchain networks can unlock idle GPUs to democratize access. Opinion by: Gaurav Sharma, CEO of io.net  Artificial intelligence may be in its early days, but it has already delivered significant scientific and technological breakthroughs across the developed world. Unfortunately, these developments have come at a cost: the dangerous centralization of AI. On Forbes’ 2025 list of the top 50 private AI companies, all are based in the developed world, with 80% in the US.  Read more

Aave (AAVE) plummets 10.1% and Bitcoin Cash (BCH) drops 8.7%, leading index lower.

Limited bitcoin outflows and heavier ether selling pointed to crypto-native liquidations as the driver of the drop.

Ethereum continues its correction phase after failing to maintain momentum above $4,200. The market’s sentiment remains cautious as ETH trades around $3,700, showing weakness both technically and sentiment-wise. Buyers are seemingly losing control, and the focus now shifts to key support zones below. Technical Analysis By Shayan The Daily Chart On the daily timeframe, ETH […]

The last time investors were this fearful was in early April when BTC traded around $76,200.

The company calls its offer for CORZ “best and final” as it counters hedge fund criticism and urges investors to back the deal.

Bitcoin miners are running out of room to breathe. In the wake of a $19 billion market rout, operators have begun moving massive volumes of Bitcoin onto exchanges, a classic signal that sell pressure is building. Data from CryptoQuant shows that between Oct. 9 and Oct. 15, mining wallets sent 51,000 BTC, worth more than […] The post Bitcoin miners just moved $5.6B to exchanges under AI escape plan appeared first on CryptoSlate.

A broad altcoin sell-off is seeing whales de-risking, according to analysts, citing fears of a black swan event.

Japan’s top banks plan to launch a joint yen-based stablecoin using MUFG’s Progmat platform to modernize payments and corporate settlements. Three of Japan’s largest banks reportedly plan to jointly issue a yen-pegged stablecoin, contributing to the region’s growing adoption of crypto technology within its financial infrastructure.  Nikkei reported on Friday that Mitsubishi UFJ Financial Group (MUFG), Bank Sumitomo Mitsui Banking Corp. (SMBC) and Mizuho Bank plan to modernize corporate settlements and reduce transaction costs through a yen-based stablecoin project built on MUFG’s stablecoin issuance platform Progmat. The banks, which collectively serve more than 300,000 corporate clients, aim to standardize the token to make it interoperable for payments within and between companies. The consortium expects to roll out the stablecoin by the end of the year. Read more

Crypto market manipulation involves organized efforts to artificially move altcoin prices and mislead traders about their true value. Unlike Bitcoin, many altcoins have low liquidity and limited oversight, making them prone to price manipulation and insider exploitation. Sudden spikes in trading volume, large whale transfers to exchanges, token unlocks or social media hype often precede sharp declines. Platforms such as Nansen, DEXTools and LunarCrush help detect abnormal wallet activity, fake liquidity and sentiment manipulation. Read more

A more painful decline or a resurgence: what is next for ADA?

Bitcoin drops below its 200-day average to near $104,500 amid broad sell-off; $1.2B in liquidations signal mounting stress as traders brace for further downside.

BTC dumped below $104,000 earlier today.

This could simplify the user experience, removing the need to use complex bridges or switch between different wallets and applications

Bitcoin extended its week-long decline, sliding to its lowest level since July as renewed US–China trade tensions and heavy fund outflows forced another wave of liquidations across crypto markets. According to CryptoSlate data, Bitcoin fell over 5% in the past 24 hours to as low as $103,300 after trading near $112,000 earlier in the week. […] The post Why Bitcoin price just plummeted under $104k to lowest level since June appeared first on CryptoSlate.

Your day-ahead look for Oct. 17, 2025

The bank sees growing adoption, tighter supply and rising institutional inflows driving a sharp ether rally within two years.

Investor sentiment turned sharply bearish as crypto’s fear index plunged to 28, and $230 billion in value evaporated in a single day. The crypto market’s Fear & Greed Index flipped sharply to “fear” this week, falling to levels last seen in April, as a market sell-off erased over $230 billion in a single day.  On Friday, CoinMarketCap’s Crypto Fear & Greed Index, which tracks volatility, market momentum, social media trends and dominance metrics, fell to a low of 28, which is within the “fear” category and is inching closer to “extreme fear.”  CoinMarketCap data showed that on Friday, the total crypto market capitalization dropped to about $3.54 trillion, a 6% drop from $3.78 trillion the previous day. This wiped out over $230 billion in value from the sector, marking one of the sharpest single-day declines in months.  Read more