Cardano (ADA) Price Analysis for October 31

Crypto can look serious one minute and feel like a meme circus the next. Some tokens march like political mascots. Some bark with digital hats like they run runway shows in the metaverse. And then comes a tiny mosquito that does not bark or campaign. It just bites bags and moves in silence. That is […]

The cryptocurrency space has once again recorded another loss that has sent cold shivers down the spines, as news spreads about the death of Faruk Fatih Özer, the former CEO of the failed Turkish cryptocurrency exchange Thodex. Özer was found dead in his prison cell on November 1, 2025. His death has raised many questions and led to investigations. The incident, reported by Bloomberg, has once again brought the spotlight to Thodex after its shutdown in April 2021. From Collapse to Capture Thodex, founded in 2017, gained prominence during Turkey’s crypto boom, attracting over 390,000 users by early 2021 with promises of high returns. Özer promoted the platform’s security and innovation on social media. However, issues began when the exchange tightened withdrawal limits, causing concern among users.  On April 21, 2021, Özer announced a temporary stop to transactions. Soon after, the website went offline, locking users out of their funds. Panic spread as investors realized they had lost billions of dollars. Özer fled Istanbul as Turkish authorities issued an Interpol Red Notice, charging him with fraud, money laundering, and leading a criminal organization. In July 2021, Albanian police arrested him in a café in Tirana, from where he was sent back to Turkey for trial. The Istanbul trial, which took place from 2022 to 2023, revealed clear evidence of fraud. Troubling Trends in the Crypto Space In September 2023, Özer, then 33, was found guilty of 42 charges and was sentenced to 11,196 years in prison for defrauding over 390,000 investors of about $2 billion. However, in the early hours of today, prison staff found him lifeless in his cell, leading to an investigation into a possible suicide. The cryptocurrency space has faced significant losses due to hacks, scams, and the closure of exchanges, adding to a rise in fatalities. Scams like Thodex target investors seeking quick profits. The FTX crash in 2022 triggered several lawsuits and $8 billion in losses. Meanwhile, there is a troubling rise in suicides linked to market stress. For example, on October 11, 2025, Konstantin Ganich, known as Kostya Kudo, was found dead in his Lamborghini in Kyiv. The 32-year-old fund manager died from a self-inflicted gunshot wound during a major market crash related to U.S.-China tariffs, which wiped out over $19 billion that week. The post Ex-CEO of Defunct Crypto Exchange Thodex Found Dead in Prison appeared first on CoinTab News.

The post NVIDIA Partners with South Korea for Massive AI Infrastructure Project appeared on BitcoinEthereumNews.com. Caroline Bishop Nov 01, 2025 11:26 NVIDIA CEO Jensen Huang announces a landmark AI infrastructure initiative in South Korea, involving over 250,000 GPUs and partnerships with major Korean firms. In a significant announcement at the APEC Summit, NVIDIA CEO Jensen Huang revealed a groundbreaking initiative to establish a national AI infrastructure in South Korea, supported by an extensive deployment of over 250,000 NVIDIA GPUs. This ambitious project aims to position South Korea at the forefront of the AI industrial revolution by creating a comprehensive AI ecosystem, according to an NVIDIA blog post. Massive National Investment in AI The initiative, described as one of the largest national investments in AI to date, is backed by a coalition of South Korea’s leading organizations, including the Ministry of Science and ICT (MSIT), Samsung Electronics, SK Group, Hyundai Motor Group, and NAVER Cloud. This collaboration aims to deploy a national-scale AI infrastructure across sovereign clouds and industrial AI factories. Celebrating NVIDIA’s Legacy in Korea The announcement coincides with the 25th anniversary of NVIDIA’s GeForce in Korea, celebrated with a GeForce Gamer Festival at COEX in Seoul. This event highlights Korea’s historical contribution to the gaming industry and its ongoing role in technological advancements. Developing Sovereign AI Infrastructure At the heart of the initiative is a sovereign AI infrastructure program led by MSIT. This program will see the deployment of up to 50,000 NVIDIA GPUs through cloud providers such as NHN Cloud, Kakao Corp., and NAVER Cloud. The project will initially roll out 13,000 NVIDIA Blackwell GPUs, with more expected in the future. Industrial AI Factories Major Korean companies are heavily investing in AI. Samsung, SK Group, and Hyundai Motor Group are each constructing AI factories with up to 50,000 NVIDIA GPUs, while NAVER plans to deploy…