Is ‘Uptober’ Back on Track for Chainlink Amid Massive Whale Buyups?
Is ‘Uptober’ Back on Track for Chainlink Amid Massive Whale Buyups?
Tag: cryptocurrency
Binance Expands Footprint In South Korea As France Ramps Up Crackdown
Binance, the world’s largest cryptocurrency exchange by trading volume, has successfully completed its acquisition of South Korean-based digital asset exchange Gopax. Binance’s Gopax Stake Finalized On October 16, industry sources reported that South Korean financial authorities had finalized their review of Gopax’s executive changes, which had been pending for an extended period. Binance initially acquired [.].
Japan’s Three Largest Banks Launch Joint Yen Stablecoin on Blockchain Platform
The post Japan’s Three Largest Banks Launch Joint Yen Stablecoin com. Japan’s banking giants are making a bold move into digital currency. Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMBC), and Mizuho Financial Group announced they will jointly issue a stablecoin pegged to the Japanese yen and US dollar. The consortium expects to roll out the digital currency by the end of this fiscal year. The three banks collectively serve more than 300, 000 corporate clients across Japan. By creating a standardized digital token, they aim to cut transaction costs and speed up payments between companies. Mitsubishi Corporation will be the first company to use the stablecoin for settling payments across its 240+ global subsidiaries. Building on Progmat’s Infrastructure The stablecoin will run on MUFG’s Progmat platform, a blockchain system designed specifically for regulated financial institutions. MUFG announced Progmat Coin in June 2023, creating infrastructure that lets banks issue digital tokens on multiple public blockchains including Ethereum, Polygon, Avalanche, and Cosmos. Unlike typical cryptocurrency platforms, Progmat emphasizes bank custody, regulatory compliance, and standardization. This means different banks can issue tokens that work together seamlessly for corporate payments. The platform meets strict requirements from Japan’s Financial Services Agency, which oversees all stablecoin issuance in the country. The technical setup allows tokens issued by different banks to be standardized and used for payments within companies and between separate businesses. MUFG plans to expand support to additional blockchain networks beyond the current four. Project Pax: Connecting Traditional Banking with Blockchain In September 2024, the same three banks backed Project Pax, a related initiative focused on cross-border payments. This project uses SWIFT’s existing messaging system to let banks instruct the Progmat platform to settle transactions on blockchain networks. Project Pax addresses major pain points in international business payments. The $182 trillion global cross-border payments market faces persistent challenges with speed, cost, and accessibility. By.
Bitcoin Crashes to $105,000 as Market Selloff Deepens
The leading cryptocurrency is down more than 5% in the past 24 hours and nearly 14% over the past week, [.] The post Bitcoin Crashes to $105,000 as Market Selloff Deepens appeared first on Coindoo.
Cardano Falls Below Key Support, Here’s How Low ADA Could Go
The predominant bearishness in recent Cardano price action has caused it to lose a key support, sparking speculations of further downside. Like most other cryptocurrencies, Cardano is correcting massively. Visit Website.
SIM-swap to phishing: How hackers can steal your WhatsApp account
SIM-swap to phishing: How hackers can steal your WhatsApp account
Bitcoin Rockets Past $119K, Analysts Now Eye $130K Target
Bitcoin edged higher today, breaching the key $119,000 mark, after a string of steady sessions, lifting prices above recent ranges and drawing fresh attention from big investors. Related Reading: Fast And Furious: XRPs Next Rally Predicted To Shock Markets According to Coinglass data, BTC rose about 2. 50% in the last 24 hours, and is up 8% over the last seven days. Trading activity and inflows are being watched closely as traders size up the next move. Institutional Flows Drive Momentum Data shows the top crypto asset registered a second straight day of strong inflows, putting $430 million into Bitcoin spot ETFs. That kind of demand helps explain why Bitcoins market value has jumped from $870 billion to $2. 34 trillion this year. Analysts say that steady institutional buying has been a key engine behind the rally, and continued flows could keep momentum alive. TC/usdt DAILYTC breaking out of LTF consolidation @ $115k within the HTF ascending channel we’ve been in all of 2025 $130k is the ultimate breakout point and could lead to the cycle blow off top pic. twitter. com/1J9rSc7BJO Satoshi Flipper (@SatoshiFlipper) October 1, 2025 Price Levels And Targets In Focus Resistance zones are being tested. Near-term hurdles sit at $118,500 and $119,800, with a close target at $120k if buyers stay in control. Analyst Satoshi Flipper pointed out that BTC appears to have built a base above the $115, 000 area and is holding a higher time frame structure, adding that a long-term breakout aim sits near $130, 000. Buyers extended the climb past $118k, and that move is being cited as a sign that demand remains present above current levels. On-Chain Signals And Volatility According to Coinglass, trading volume rose 12% to nearly $95 billion for the day, while Open Interest increased 4. 46% to $84 billion. The OI weighted funding rate came in at 0. 0050%. Liquidations show the market can still move quickly: $157. 08 million in positions were wiped in the past day, with shorts accounting for $136 million and longs $20 million. A bullish MACD crossover has been confirmed on some timeframes, and the RSI sits at 58% levels that suggest more room to climb but not runaway overheated conditions. Seasonal Patterns Add To The Optimism Based on reports and past data, October has a history of strong performance Uptober shows an average gain of 20%. September registered a 5% rise, and the third quarter closed with 6% according to Coinglass. The fourth quarters average return has historically been large, at 78%, which is why some market participants are optimistic heading into the final months of the year. Buyers remain active, but the path up may not be smooth. A clear push above $120, 000 would be a useful signal that new highs might follow, while a stumble into the liquidity clusters could force a quick pullback. Related Reading: Space Meets CryptoSpacecoin Executes 1st Blockchain Transaction Beyond Earth Market participants are balancing on-chain flows, visible technical levels, and known seasonal patterns as they decide their next steps. Featured image from Unsplash, chart from TradingView.