Monat: Oktober 2025

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Mantle (MNT) kicks off 5-month global hackathon with $150K in rewards

  • The event is open to everyone, from startup teams to solo creators.
  • The hackathon runs until February 7, 2026.
  • Winning participants will enjoy a $150,000 prize pool.

Blockchain network Mantle has officially opened its first-ever global hackathon, inviting creators and developers to build innovative blockchain solutions in a five-month online competition.

The event has started today, October 22, and will run until February 7 next year, and offers up to $150,000 in incentives to winning projects.

The hackathon is open to all enthusiasts globally, with renowned developer ecosystems HackQuest and OpenBuild offering tools, exposure to new projects, and mentorship.

The event offers builders an opportunity to create practical innovations, and not hype-driven trends.

Building to solve real-world problems

Mantle has highlighted what it expects from participants of its hackathon: relevant products that tackle real user issues.

Meanwhile, the evaluation procedure will prioritize five primary pillars, including scalability, product design, technical execution, Mante integration, and market potential.

The Mantle team emphasized that successful entries should focus on market utility and not flashy demos.

Indeed, this hackathon is a platform for serious builders and not short-term speculators. They said:

Build what lasts, not just what trends. Focus on execution, usability, and real-world relevance. Most importantly, solve what users need.

Meanwhile, participants have adequate time to design and shape their innovative projects.

Registration and building start this month, with the winner announcement scheduled for February.

Creators have the time to plan, test, and polish ideas before presenting their projects to the broader cryptocurrency community and judges.

For context, the hackathon boasts a diverse judging panel comprising renowned figures in the blockchain world.

The comprehensive list includes 0x Todd, Trustless State, Notaciccap, and multiple others with experience spanning venture capital, DeFi innovation, and product development.

The massive judging team adds credibility to the event.

Moreover, their experience signals high expectations as the panel boasts expertise in evaluating projects with real-world impact and creative innovations.

Mantle and Bybit prioritize real-world solutions

The five-month hackathon coincides with Mantle’s current alliance with centralized exchange Bybit, aimed at merging liquidity providers, real-world assets, and developers.

The duo seeks to democratize the trillion-dollar industry of on-chain finance.

The initiative reflects Mantle’s mission to expand beyond a blockchain network and create an international developer community to accelerate financial innovation.

MNT price outlook

Mantle’s native token mirrored broader sentiments today.

MNT lost nearly 10% of its value over the past 24 hours to $1.64.

The faded daily trading volumes indicate trader disinterest in the tokens, as bears rattle the cryptocurrency landscape.

The value of all digital tokens plunged by 5% the past 24 hours to $3.65 trillion due to factors like tariff tensions.

Nevertheless, analysts remain confident, predicting massive rebounds in Q4 and into 2026.

Meanwhile, the ongoing hackathon could boost MNT’s utility and volumes in the coming times, which could catalyze stable price performances.

The post Mantle (MNT) kicks off 5-month global hackathon with $150K in rewards appeared first on CoinJournal.

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Crypto firm Xeltox fined record C$177M by Canadian AML regulator

  • Xeltox/Cryptomus fined C$177M for failing to report 1,000+ suspicious crypto transactions.
  • Violations involved child abuse, fraud, ransomware, and sanctions-related transactions.
  • Firm previously faced BC Securities Commission action over unrecognized exchange operations.

Canada’s Financial Transactions and Reports Analysis Centre (Fintrac) has imposed the largest penalty on record against Xeltox Enterprises Ltd., operating as Cryptomus, after the firm allegedly failed to comply with anti-money-laundering (AML) regulations.

The Vancouver-based cryptocurrency services provider was fined C$177 million ($126 million) for multiple violations involving suspicious transactions, according to a statement released Wednesday.

Widespread reporting failures

Fintrac’s investigation determined that Cryptomus failed to report thousands of transactions in a single month, raising serious compliance concerns.

The agency noted that the company neglected to submit reports on more than 1,000 transactions in July 2024 that raised reasonable suspicion of connections to money laundering, including proceeds linked to child sexual abuse material, fraud, ransomware payments, and sanctions evasion.

Additionally, the regulator found that Cryptomus failed to report over 1,500 transactions in which clients transferred virtual currency of C$10,000 or more in a single transaction during the same period.

These reporting lapses triggered Fintrac to take what it described as “unprecedented enforcement action,” reflecting the severity of the potential financial crime risks involved.

Fintrac CEO Sarah Paquet emphasized that the scale and nature of the violations compelled the agency to act decisively, citing the firm’s repeated failures to meet AML obligations.

Prior regulatory scrutiny on Cryptomus

Cryptomus, formerly known as Certa Payments Ltd., provides a range of cryptocurrency services including trading, payments, wallets, and a peer-to-peer exchange.

The firm has previously drawn regulatory attention in Canada.

In May, the BC Securities Commission accused Cryptomus of potentially operating as an unrecognized exchange.

The provincial regulator issued a temporary order suspending the firm from trading securities or derivatives until June, underscoring ongoing concerns about its compliance with financial regulations.

Cryptomus’s operations in Canada and its previous enforcement history highlight the challenges regulators face in overseeing cryptocurrency platforms, particularly when transactions may intersect with illicit activity.

The latest fine represents a major escalation in enforcement, signaling the Canadian authorities’ intent to hold crypto firms accountable for strict adherence to AML rules.

Implications for the cryptocurrency sector

The record-setting penalty against Xeltox and Cryptomus sends a clear signal to cryptocurrency businesses operating in Canada: compliance with anti-money-laundering regulations is mandatory, and failures carry substantial financial and operational risks.

The firm’s alleged lapses illustrate the risks posed by platforms that handle high volumes of unmonitored digital transactions.

Fintrac’s decision underscores that cryptocurrency platforms must treat regulatory compliance as a central operational priority, not an afterthought, to avoid similar penalties in the future.

The C$177 million fine represents the largest enforcement action in Fintrac’s history and sets a new benchmark for regulatory consequences in Canada’s growing digital asset industry.

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APT price soars as BlackRock’s BUIDL fund expands to Aptos

  • BlackRock deploys $500M BUIDL fund on the Aptos blockchain.
  • Jump Crypto launches Shelby, boosting Aptos’ enterprise appeal.
  • Aptos price has rebounded, testing the key $3.50 resistance level.

The APT price is showing renewed strength as Aptos gains major institutional backing from global giants like BlackRock and Jump Crypto.

After dipping to a yearly low earlier this month, Aptos has staged an impressive comeback, fueled by real-world asset tokenisation and enterprise-grade innovation across its ecosystem.

Institutional backing revives Aptos’ momentum

Aptos has outperformed a sluggish crypto market, gaining around 5% in the past 24 hours to trade near $3.32.

This sharp rebound follows BlackRock’s expansion of its Digital Liquidity Fund (BUIDL) to the Aptos blockchain, a move that has injected $500 million worth of tokenised Treasuries into the network.

The deployment of BUIDL has pushed Aptos into the top tier of real-world asset (RWA) blockchains, sitting just behind Ethereum and zkSync Era.

Data shows that more than $1.2 billion in RWAs are now tokenised on Aptos, a milestone that marks growing trust from traditional finance.

Notably, BlackRock’s involvement brings not only prestige but also liquidity and credibility to the network.

Jump Crypto’s Shelby adds more fuel

In parallel, Jump Crypto has launched Shelby, a decentralised, high-performance storage layer developed in collaboration with Aptos Labs.

Designed to rival traditional cloud providers such as AWS and Google Cloud, Shelby enables sub-second latency, low-cost reads and writes, and improved scalability.

Its architecture reduces redundancy while maintaining high data durability through erasure coding.

The new system could become a backbone for decentralised applications that require real-time data access and high-speed processing.

By combining Aptos’s parallel execution engine and Move programming language with Shelby’s efficient data design, the two firms aim to create infrastructure suited for enterprise and AI-driven decentralised finance (DeFi).

This blend of performance and programmability is helping Aptos carve a niche in a crowded Layer-1 field.

APT price outlook: eyes on key resistance levels

As institutional adoption accelerates and on-chain liquidity grows, the Aptos price could continue to benefit from renewed investor confidence.

While short-term volatility remains, the network’s long-term fundamentals appear stronger than ever — anchored by innovation, partnerships, and a clear path toward real-world integration.

The Aptos price is currently testing resistance near $3.50 after rebounding from a recent low of $2.22.

Technical indicators show mixed signals, with moving averages flashing multiple sell alerts, although oscillators remain neutral.

The Relative Strength Index (RSI) hovers around 34, suggesting mild accumulation.

If APT breaks above $3.50, it could extend gains toward $3.85.

However, failure to maintain current momentum could see the token slip toward $3.00 or even retest its earlier lows.

Analysts like Michaël van de Poppe have noted that APT remains at one of its lowest valuations in years, hinting at potential upside if broader market sentiment improves.

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