Japan’s JPYC launches country’s first yen-denominated stablecoin

According to PANews on October 27th, according to Lookonchain monitoring, trader 0xddc7, known for his 80% win rate, is currently facing over $3.3 million in unrealized losses on his short position of 668 BTC (approximately $76.8 million). To avoid forced liquidation, the trader added $1 million in USDC margin to Hyperliquid. After this additional increase, the forced liquidation price of its BTC short position was adjusted to US$118,410.

PANews reported on October 27th that Pan Gongsheng, Governor of the People's Bank of China, stated at the 2025 Financial Street Forum Annual Meeting that while virtual currencies, particularly stablecoins, have been increasingly issued by market institutions in recent years, they are still in the early stages of development. International financial organizations, central banks, and other financial regulatory authorities are generally cautious about the development of stablecoins. Since 2017, the People's Bank of China, in conjunction with relevant departments, has issued a number of policy documents to prevent and address the risks of speculation in domestic virtual currency transactions, which remain in effect. Going forward, the People's Bank of China will work with law enforcement agencies to continue cracking down on the operation and speculation of virtual currencies in China to maintain economic and financial order, while also closely monitoring and dynamically evaluating the development of overseas stablecoins.

The post Taiko Makes Chainlink Data Streams Its Official Oracle appeared on BitcoinEthereumNews.com. Key Notes Taiko has officially integrated Chainlink Data Streams for its Layer 2 network. The integration provides developers with high-speed market data to build advanced DeFi applications. The move aims to improve security and attract institutional adoption by using Chainlink’s established infrastructure. Taiko, an Ethereum-based ETH $4 514 24h volatility: 0.4% Market cap: $545.57 B Vol. 24h: $28.23 B Layer 2 rollup, has announced the integration of Chainlink LINK $23.26 24h volatility: 1.7% Market cap: $15.75 B Vol. 24h: $787.15 M Data Streams. The development comes as the underlying Ethereum network continues to see significant on-chain activity, including large sales from ETH whales. The partnership establishes Chainlink as the official oracle infrastructure for the network. It is designed to provide developers on the Taiko platform with reliable and high-speed market data, essential for building a wide range of decentralized finance (DeFi) applications, from complex derivatives platforms to more niche projects involving unique token governance models. According to the project’s official announcement on Sept. 17, the integration enables the creation of more advanced on-chain products that require high-quality, tamper-proof data to function securely. Taiko operates as a “based rollup,” which means it leverages Ethereum validators for transaction sequencing for strong decentralization. Boosting DeFi and Institutional Interest Oracles are fundamental services in the blockchain industry. They act as secure bridges that feed external, off-chain information to on-chain smart contracts. DeFi protocols, in particular, rely on oracles for accurate, real-time price feeds. Taiko leadership stated that using Chainlink’s infrastructure aligns with its goals. The team hopes the partnership will help attract institutional crypto investment and support the development of real-world applications, a goal that aligns with Chainlink’s broader mission to bring global data on-chain. Integrating real-world economic information is part of a broader industry trend. Just last week, Chainlink partnered with the Sei…