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Bitcoin Falls as Short Sellers Step In
Bitcoin Falls as Short Sellers Step In

TheCryptoUpdates·2025/10/17 17:06
Japan’s Top 3 Banks Led By MUFG Unite to Unveil Local Stablecoin
Japan’s Top 3 Banks Led By MUFG Unite to Unveil Local Stablecoin

Japan’s three largest banks are exploring a shared stablecoin pegged to the Yen. MFUG, Sumitomo Mitsui, and Mizuho plan to enter the stablecoins market amid regulatory clarity. Details on the Yen-pegged stablecoin have not been officially released but it is expected to be interoperable.

CoinEdition·2025/10/17 16:00
Crypto Tax: UK Authorities More Determined to Clawback Gain
Crypto Tax: UK Authorities More Determined to Clawback Gain

UK authorities are making an effort to claw back gains from crypto investors by requesting that they file their taxes.

Coinspeaker·2025/10/17 16:00
XRP Reset: Billions in OI Wiped Out as Prices Touch $2.20
XRP Reset: Billions in OI Wiped Out as Prices Touch $2.20

XRP experienced one of its sharpest derivatives market resets this month as billions in open interest were wiped out within days.

Coinspeaker·2025/10/17 16:00
Bitcoin Nears Oversold Territory as Gold Hits Record Highs Amid $1.5M BTC Parity Bet
Bitcoin Nears Oversold Territory as Gold Hits Record Highs Amid $1.5M BTC Parity Bet

Bitcoin nears historic oversold levels, signaling potential accumulation phase. Gold outperforms with record highs, maintaining its role as a safe-haven asset. Ricardo Salinas forecasts Bitcoin at $1.5M to match gold’s $30T market cap.

CoinEdition·2025/10/17 16:00
Solana DEX PnP Integrates DeFiLlama for On-Chain Prediction Markets
Solana DEX PnP Integrates DeFiLlama for On-Chain Prediction Markets

Predict and Pump (PnP) integrates DeFiLlama data to facilitate decentralized prediction markets on Solana.

Coinspeaker·2025/10/17 16:00
Flash
07:25
OECD Predicts South Korea's Potential Growth Rate Will Hit Record Low by 2027
On June 7, according to Yonhap News Agency, the Organization for Economic Cooperation and Development (OECD) stated on Sunday that despite the semiconductor industry's boom driving strong export growth in South Korea, the country's potential growth rate is expected to fall to a historic low next year. The OECD's latest data shows that South Korea's potential economic growth rate for 2027 is projected to be 1.52%, a significant decrease from this year's 1.66%. On a quarterly basis, South Korea's potential economic growth rate is expected to further decline to 1.46% by the fourth quarter of next year. If this occurs, it will mark the first time since the OECD began releasing such data that South Korea's projected potential growth rate falls below 1.5%.
07:05
Jensen Huang Meets Representatives of Two Major Korean Game Companies to Discuss AI Collaboration in Gaming
On June 7, it was reported that NVIDIA CEO Jensen Huang met with KRAFTON founder and chairman Chang Byung-kyu and NCSOFT representative Kim Taek-jin at an internet cafe in the Gangnam district of Seoul. It is understood that Huang and Chang may have discussed humanoid robots and physical AI, as well as collaboration in the gaming sector based on NVIDIA's recently released AI laptop series 'RTX Spark.' KRAFTON has long collaborated with NVIDIA to develop AI features and integrate them into games. The partnership formed through gaming has also facilitated discussions on physical AI collaboration between the two parties. Senior executives from KRAFTON visited NVIDIA's headquarters in California last April to explore new generation technology collaboration directions, including robotics, with Huang. After concluding the meeting with KRAFTON executives, Huang moved to another nearby internet cafe to meet with Kim Taek-jin and other NCSOFT executives. Huang also engaged in a live-streamed discussion with Kim, exchanging views on the development direction of the gaming industry and AI technology.
06:01
Opinion: Single-Day Plunge Has Never Defeated the S&P 500, Bullish on Monday's Opening for a Rebound
BlockBeats News, June 7th, Bull Theory released a market analysis stating that the approximately 2.6% drop in the S&P 500 on Friday triggered market panic. However, in the context of a 75-year historical perspective, this fluctuation doesn't even rank among the top 200 largest single-day declines. From 1949 to the present, the S&P 500 has weathered numerous true market crashes—such as the 1987 Black Monday with a single-day plunge of 20.47%, the 2020 COVID-19 collapse with an 11.98% drop, and the 2008 financial crisis with a 9.03% decline—but after each major drop, the index has continued to reach new highs, climbing from just a few points to over 5500 points. Friday's pullback is simply a normal "breather" within the bull market, representing a healthy digestion rather than a trend reversal. In its history, the S&P 500 has survived through the bursting of the dot-com bubble, the 1998 Long-Term Capital Management collapse, debt ceiling crises, and Trump's tariff threats, among other multiple shocks, and its long-term uptrend has never been broken by a single-day crash. Last Friday was not doomsday; the S&P 500 always "survives" and moves higher after such events, and there is optimism for a rebound after Monday's opening.
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