Crypto

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

Analysts cited fallout from tariffs and last week's $19B liquidation event as driving institutional investors to defensive positioning.

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

Bitcoin is now just 7% of gold’s total market value as it nears a $2 trillion market cap.

Ripple’s $1 billion acquisition of GTreasury marks a new step in its corporate expansion and a direct challenge to the stablecoin distribution problem. While Ripple USD (RLUSD) has shown an impressive 987% growth since its December 2024 launch, reaching a supply of $839.9 million, it still captures only 0.27% of the $301.9 billion stablecoin market. […] The post Ripple’s $1 billion purchase creates RLUSD pathway into Fortune 500 treasuries appeared first on CryptoSlate.

Bitcoin short-sellers may regret their bets as Wedson warns a fast $117K rebound is possible due to short squeeze pressure.

The BTC/Gold ratio looks most oversold since November 2022, according to the RSI indicator.

XRP, ETH, and SOL bleed out heavily. Is recovery on the way?

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

Analysts argue that crypto's "bullish structure" remains intact, despite a sell-off driven by fears in the traditional banking sector.