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Nevada Shuts Down Fortress Trust Over Insolvency

Nevada regulators issued a cease-and-desist order dated October 22 against crypto custodian Fortress Trust, now known as Elemental Financial Technologies Inc., citing the firm as on the verge of insolvency with a liquidity position “wholly inadequate to meet customer obligations.” According to Bloomberg, the state’s Financial Institutions Division found Fortress…

US Retailer Bealls to Accept Payments in Over 99 Cryptos Across 660 Stores

A century-old US retail corporation, Bealls, is starting to accept crypto payments through a partnership with Flexa across its 660 stores in 22 states.Bealls to Accept Memecoins, Stablecoins PaymentsThe national retailer will leverage Flexa Payments, which would allow Bealls to accept more than 99 cryptos, including memecoins and stablecoins, from…

Circle Unveils Bridge Kit to Simplify Crosschain USDC Transfers for Developers

Circle today unveiled Bridge Kit, a developer toolkit designed to make crosschain USDC transfers dramatically easier to add to apps, marking the company’s latest push to accelerate onchain money movement. The kit packages core functionality from CCTP V2 (Circle’s Cross-Chain Transfer Protocol) into concise SDK methods, complete with step-by-step docs,…

[LIVE] Crypto News Today: Latest Updates for Oct. 22, 2025 – Crypto Market Erases Gains After Rebound as US-China Trade Tensions Escalate; Bitcoin Drops to $108K

The crypto market slipped sharply on Tuesday amid renewed U.S.–China trade tensions as Trump threatened upcoming meeting with the Chinese President Xi Jinping “may not happen”, erasing gains from the recent rebound. The Layer-2 sector led losses with a 5.15% decline, as Starknet (STRK) fell 7.01% and Mantle (MNT) dropped…

Coinbase CEO reveals ‘private transactions’ are coming to Base

Coinbase CEO Brian Armstrong said his team is moving closer toward making private stablecoin transactions possible on the Ethereum layer-2, Base, which could bring a much-needed boost to privacy on public blockchains. “Base is building private transactions,” Armstrong said in a post to X on Tuesday, noting that Coinbase acquired…

Bitcoin Price Prediction: .2B ETF Outflows Pressure BTC as Traders Eye Key 7K Support

Bitcoin (BTC) is trading around $107,950, with 24-hour trading volume exceeding $105 billion, as institutional investors trim exposure following a volatile mid-October selloff. According to CoinShares, digital-asset investment products recorded $513 million in outflows last week, the second-largest withdrawal of 2025. Bitcoin accounted for the majority of the pullback, seeing…

China Turns Crypto into a Weapon of Statecraft: Digital Yuan at the Frontlines

China’s Crypto strategy is turning money into a weapon of statecraft. A recent study published by Study Times—the journal of China’s Central Party School—argued that digital assets now shape warfare and finance. The study described crypto and central bank digital currencies (CBDCs) as tools of “financial mobilization.” They allow states…

Ethereum Dips, Treasuries Buys: SharpLink Adds 19K ETH, Now Worth .5B

Ethereum’s price may be struggling, but institutional confidence in the asset has continued to grow.SharpLink Gaming, one of the world’s largest corporate holders of Ether, reported a sharp increase in its treasury holdings this week, adding over 19,000 ETH amid a broader market downturn.According to the company’s latest disclosure, SharpLink’s…

Asia exchanges crack down on crypto hoarders masquerading as listed firms

Asia’s top three stock markets are tightening their listing rules and supervising companies to ensure they don’t become quasi–crypto investment vehicles. The move comes as regulators across the region are catching on to an emergent phenomenon of Digital Asset Treasuries (DATs). These firms exist, first and foremost, to collect and…

OpenAI’s Sora 2 Can Fabricate Convincing Deepfakes on Command, Study Finds

OpenAI’s Sora 2 produced realistic videos spreading false claims 80% of the time when researchers asked it to, according to a NewsGuard analysis published this week. Sixteen out of twenty prompts successfully generated misinformation, including five narratives that originated with Russian disinformation operations. The app created fake footage of a…