Day

October 16, 2025

A $300 trillion fat-finger, as Paxos accidentally mints PYUSD… before burning it

October 16, 20250
Crypto users were left scrambling on Wednesday after Paxos minted 300 trillion of PayPal’s PYUSD stablecoin, then sent it all to a burn address.

Ripple CEO calls for parity in treatment of TradFi, crypto companies

October 16, 20250
Brad Garlinghouse has asked that Ripple be “held to the same regulatory standards as a bank” as the company awaits a decision on a national charter from the OCC.

High-leverage crypto trader James Wynn liquidated again, this time for $4.8M

October 16, 20250
James Wynn, famous for his leveraged crypto bets, said he was “back with a vengeance,” but was liquidated just one day after opening new positions.

Nasdaq-listed Zeta Network raises $230M in Bitcoin-backed private sale

October 16, 20250
The company accepted Bitcoin and SolvBTC from investors in a private share deal, adding crypto assets to its corporate treasury.

Trump confirms US is in a trade war with China

October 16, 20250
Asked by reporters whether the US is preparing for a trade war with China, US President Donald Trump responded: “Well, we’re in one now.”

Here’s what happened in crypto today

October 16, 2025, , , , , , , , , , 0
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

95% of corporate ETH buys happened in Q3 — start of Ether supercycle?

October 16, 20250
Crypto executives have tipped Ether to rise as high as 200% by the end of the year, led by corporate Ether purchases, ETF accumulation and Ether locked in staking.

Bank of England clarifies plan to limit stablecoins is temporary

October 16, 20250
Industry groups criticized the proposed stablecoin limits, arguing that they would stifle innovation and signal to the industry that the UK isn’t crypto-friendly.

Pico Prism proves 99.6% of ETH blocks in real time: 10K TPS gets closer

October 16, 20250
Brevis achieved 99.6% real-time proving of Ethereum blocks using consumer GPUs, marking a breakthrough toward scaling and phone-based validation.

Banks fumble TXs too; at least Paxos’ $300T error was transparent

October 16, 20250
Fat finger errors happen all the time, especially in traditional banking. The difference is that blockchain makes it transparent and immediately identifiable.
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