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Ether’s price rebound potential hinges on improving US credit and labor data, as traders show caution after recent liquidations and volatility in derivatives markets. Key takeaways: ETH futures premium shows traders are staying cautious and avoiding heavy leverage even as banking stocks rebound from recent credit concerns. Ether whale activity near $3,700 suggests limited bearish conviction, though confidence in a swift recovery toward $4,500 remains subdued. Read more
In a letter to the US regulator, Ondo argued that Nasdaq’s plan relies on undisclosed settlement details that could favor big players. Ondo Finance urged the US Securities and Exchange Commission (SEC) to delay or reject Nasdaq’s proposal to trade tokenized securities, saying it lacks transparency and could give established market players an unfair edge. In a Wednesday letter to the regulator, Ondo — a blockchain company that issues tokenized versions of traditional assets — said regulators and investors can’t fairly evaluate Nasdaq’s proposal without public details on how the Depository Trust Company (DTC) will handle blockchain settlements. DTC serves as the main depository for US securities and facilitates their post-trade settlement. While acknowledging support of Nasdaq’s move toward tokenization, Ondo warned that “Nasdaq’s reference to non-public information implies differential access that deprives other firms of a fair opportunity to comment.” Read more
"EtherHiding" deploys in two phases by compromising a website, which then communicates with malicious code embedded in a smart contract. North Korean hackers have adopted a method of deploying malware designed to steal crypto and sensitive information by embedding malicious code into smart contracts on public blockchain networks, according to Google’s Threat Intelligence Group. The technique, called “EtherHiding,” emerged in 2023 and is typically used in conjunction with social engineering techniques, such as reaching out to victims with fake employment offers and high-profile interviews, directing users to malicious websites or links, according to Google. Hackers will take control of a legitimate website address through a Loader Script and embed JavaScript code into the website, triggering a separate malicious code package in a smart contract designed to steal funds and data once the user interacts with the compromised site. Read more
Bitcoin fell below $105,000 as US banking stress rattled risk markets, but stronger-than-expected regional bank earnings helped ease investor fears. Will the BTC uptrend resume any time soon? Key takeaways: Bitcoin price stabilized after US regional banks posted stronger-than-expected earnings, easing credit fears. One analyst predicted Bitcoin’s bull run could end in 10 days. Read more
Babylon unveils a proof-of-concept for using native Bitcoin in DeFi lending, as BNB Chain and Hyperliquid post major updates. Bitcoin infrastructure company Babylon Labs claimed to have developed a system that enables native Bitcoin to be used as collateral for borrowing assets on Ethereum. Babylon Labs co-founder and Stanford University professor David Tse said on Wednesday that the company built a proof-of-concept that allows native Bitcoin to be used “trustlessly” as collateral for loans on Ethereum. The comments follow a white paper release from the company, revealing a Bitcoin trustless vault system that leverages Bitcoin smart contract verification BitVM3 to lock BTC in per-user vaults. Here, withdrawals are gated by proofs of external smart contract state verified on Bitcoin. Read more
Odds for the resumption of "Uptober" dwindle as Bitcoin, Ether and most altcoins continue toward new lows. Will next week’s US economic calendar events help restore the uptrend? Key points: Bitcoin is finding buying support below the $107,000 level, but the relief rally is likely to be sold into. Several altcoins have reached strong support levels, but the lack of a solid rebound suggests the downward pressure may continue for a while. Read more
Switzerland's nationwide gambling authority said that user rewards on the platform feature the element of chance, categorizing them as gambling. Switzerland’s Gambling Supervisory Authority (GESPA), the country’s gambling regulator, has filed a complaint against FIFA’s non-fungible token (NFT) platform FIFA Collect, alleging that it is an unlicensed gambling provider. On Friday, GESPA announced the complaint, alleging the platform’s “competitions,” which feature user rewards like airdrop campaigns and challenges, constitute gambling under current Swiss regulations due to the element of chance in claiming rewards. GESPA wrote: From a gambling law perspective, the offers in question are partly lotteries and partly sports betting,” GESPA said. Switzerland has only two nationwide regulated sports gambling providers, Sporttip and Jouez Sport, according to GESPA. Read more
Prediction markets are rapidly going mainstream, and one expert argues that their simplicity could make them the first DeFi tool to achieve mass adoption. Mike Rychko, a researcher at prediction market infrastructure provider Azuro, thinks prediction markets are breaking into the mainstream — and the data appears to back him up. In a Thursday X post, Rychko argued that prediction markets are entering the real world beyond crypto and that their accessibility is likely to result in their success as the first decentralized finance (DeFi) product that achieves mass adoption. “Most people will never open a derivatives exchange,” Rychko wrote. “But ‘87% chance Mamdani wins’ — that’s a language anyone speaks.” Read more
Bitcoin’s drop below key support levels today could be a sign that the 2025 bull run is over, as a trader sets $52,000 as the bear market target. Key takeaways: Market analysts say the Bitcoin bull run could soon come to an end. BTC price risks a 50% correction to $52,200 if key support levels fail, according to technical analysis. Read more
Russia’s rapid DeFi expansion and increase in large-value transfers indicate growing adoption of crypto for financial services, according to Chainalysis. Crypto adoption in European countries like the United Kingdom and Germany is lagging behind Russia, according to the latest report from US blockchain analytics firm Chainalysis. Russia emerged as the leading crypto market in Chainalysis’ latest European Crypto Adoption report, receiving $376.3 billion in crypto between July 2024 and June 2025. Published Thursday, the report combines analyses of regions previously examined separately, covering Central, Northern, and Western Europe, as well as Eastern Europe as a whole. 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
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
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
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
French regulator ACPR is auditing Binance and other exchanges as Paris seeks a greater role in enforcing MiCA rules across Europe. Update (Oct. 17, 2025, at 11:00 am UTC): This article has been updated to add commentary by a Binance spokesperson. France’s banking regulator is reportedly conducting additional Anti-Money Laundering (AML) checks on Binance and other cryptocurrency exchanges, as Paris lobbies for more authority over Europe’s crypto industry under the Markets in Crypto-Assets Regulation (MiCA). According to a Friday Bloomberg report, the French Prudential Supervision and Resolution Authority (ACPR) is checking the Anti-Money Laundering compliance of Binance and “dozens of exchanges.” The report cited anonymous sources who noted that the checks started last year and are confidential. Read more
The best Ethereum block explorers in 2025, from Etherscan to TokenView, each offer unique tools, strengths and limitations. As Ethereum continues to scale, block explorers have become essential tools for users tracking ETH, tokens, NFTs and smart contracts. Etherscan, founded in Malaysia, excels at contract verification, token tracking and gas fee estimation, though it lacks portfolio management features. Based in Thailand, Ethplorer specializes in token-centric data. It offers portfolio tracking and a developer-friendly API, making it a strong choice for DeFi and NFT users. Read more
Sixteen years after Bitcoin’s debut, regulators continue to face hurdles in accessing reliable crypto data, with privacy laws complicating efforts. Privacy of data is among the key legal challenges to cross-border cooperation in regulating cryptocurrencies like Bitcoin and stablecoins, according to the G20’s risk watchdog. The Financial Stability Board (FSB), a global financial authority funded by the Bank for International Settlements (BIS), has identified persistent gaps in how governments worldwide regulate the cryptocurrency market. “This inconsistency creates challenges such as regulatory arbitrage, data gaps, and market fragmentation,” the FSB wrote in a 107-page peer review report released on Thursday. Read more
Bitcoin plunged to $104,500 in the spot market as signs of credit strain in US regional banks reignited fears of a broader market sell-off. Key takeaways: US regional bank stress hit markets as auto sector bankruptcies exposed risky loans, sending financial stock prices sinking. Bitcoin fell below the 200-day SMA, dropping to $104,500 amid $1.2 billion crypto liquidations. Read more
Bitcoin price strength collapsed as US regional bank stress spilled over into crypto as it did in 2023, while traders focused on $100,000. Key points: Bitcoin falls to its lowest levels since June as familiar US banking turmoil returns. Traders see $100,000 possibly failing as support. Read more5759 items