⚠️ Bitcoin OP_RETURN Changes: A Threat to the Protocol, Says Saylor

👀 The Bitcoin community is currently facing a debate over recent proposals to modify node software. Some members support lifting the OP_RETURN limits to allow more data to be embedded directly on the blockchain, while others are concerned about the potential implications of these changes.

🗣 Michael Saylor, Executive Chairman of Strategy and co-founder of the largest Bitcoin treasury company, has recently voiced his concerns about these proposed changes. He warns that modifications to the Bitcoin protocol could pose a threat to its future. Reflecting on past events such as the blocksize war that led to unsuccessful forks, Saylor stated,

Anybody that proposes to change the protocol has to be viewed as a threat to the entire community.

💥 He further emphasized that the strong opposition to these proposed changes is a healthy reaction. Saylor believes that any significant protocol change could escalate into a more serious issue. He cautioned that developers with good intentions who wish to upgrade the protocol can actually be a real risk to Bitcoin. He remarked,

If I want to destroy Bitcoin, I would just fund infinite developers who are very talented and tell them to make it better, you know, because then they would do something.

⚠️ Saylor concluded by urging caution regarding any improvements to the protocol, stating,

I think we should be extremely cautious about improving the protocol or anything that looks like an improvement to the protocol, because the lack of a feature is the feature.

His views suggest a preference for protocol ossification and limiting changes to Bitcoin due to its value as an investment asset. However, he acknowledged that changes aimed at fixing bugs or protecting the protocol would still be acceptable.

📝 New IRS Regulations Increase Complexity of Crypto Tax Reporting

⚠️ Bill Hughes, Senior Counsel at Consensys, has raised concerns about new Internal Revenue Service (IRS) regulations that will significantly complicate crypto tax reporting for holders with multiple wallets. Starting in April 2026, individuals will be required to report their cryptocurrency transactions on a wallet-by-wallet basis, rather than aggregating them across all wallets.

📜 The IRS Revenue Procedure 2024-28, issued last year, mandates that taxpayers must

identify and maintain records sufficient to show the total number of remaining digital asset units in each of the wallets or accounts held by the taxpayer.

This new requirement could lead to confusion among traders, potentially resulting in inaccurate tax filings.

🚨 Hughes warned of a "new level of tax hell" for the crypto industry, stating that

a lot of people’s taxes are going to be filed with simply a near-zero chance of being correct.

He emphasized the importance of seeking professional advice to navigate these complex regulations.

🗣 He attributed these challenging guidelines to the Biden Administration, expressing frustration over the lack of clarity they provide for both the IRS and crypto users. Despite this, he noted that the current administration has the ability to update these procedures, as they were not established through congressional action.

🙌 Hughes sarcastically thanked the Biden Administration for its crypto tax policy, calling it

truly a gift that keeps on giving.

⚡️ XRP’s DeFi Utility Expands With Launch of Liquid Staking Token mXRP

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🌏 Asia-Pacific Emerges as a Global Crypto Leader

🚀 The Asia-Pacific (APAC) region is rapidly becoming a dominant force in the global cryptocurrency landscape, showcasing unprecedented adoption rates and transaction volumes. According to a recent report by blockchain analytics firm Chainalysis, APAC has emerged as the fastest-growing crypto market worldwide, often surpassing North America in monthly transaction volumes.

📈 Chainalysis highlighted a significant increase in monthly on-chain value received, which grew from approximately $81 billion in July 2022 to a peak of $244 billion in December 2024—a threefold increase over 30 months.

Even after that peak, activity has remained strong above $185 billion per month through mid-2025.

The report noted that Japan experienced the strongest growth among APAC's top five markets, with on-chain value received increasing by 120% in the 12 months leading up to June 2025.

📊 Japan's rapid growth can be attributed to regulatory reforms, stablecoin licensing, and increased XRP trading volumes, indicating a shift in investor interest towards assets with real-world utility. In contrast, India's crypto market leads the region in on-chain transaction volume and ranks first in the 2025 Global Adoption Index.

💹 South Korea is characterized by speculative trading and rising stablecoin usage, while Vietnam focuses on remittance and gaming integration. Pakistan is adopting stablecoins to hedge against inflation. Smaller markets like Australia, Singapore, and Hong Kong are developing regulatory frameworks to attract institutional capital and establish themselves as trusted hubs.

🌟 Chainalysis concluded that

APAC is now one of the most dynamic regions in global crypto adoption, with countries charting very different but equally impactful paths.

This highlights the diverse strategies and rapid developments within the region as it solidifies its position in the cryptocurrency economy.

🌍 Russia and Brazil Strengthen Ties to Influence Global Governance

🤝 Russia and Brazil are actively aligning their strategies within BRICS, the United Nations (UN), and the Group of 20 (G20) to enhance the influence of emerging economies and reshape global governance. This collaboration was highlighted during discussions between Russian Foreign Minister Sergey Lavrov and Brazilian Foreign Minister Mauro Vieira at the UN General Assembly’s 80th session.

On the international agenda, the ministers discussed ways to strengthen cooperation in multilateral forums, primarily in the UN, BRICS, which Brazil chairs this year, and the G20,

the Russian Ministry of Foreign Affairs stated.

🌐 The expanded BRICS group now includes major emerging economies such as Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates (UAE), and Indonesia, alongside its original five members—Brazil, Russia, India, China, and South Africa. This expansion provides Brazil with a unique opportunity to shape the bloc’s agenda on development and cooperation during its chairmanship in 2025.

📈 Both countries are keen to influence multilateral institutions' direction. Russia seeks to use the BRICS platform to counterbalance Western influence, while their coordination within the G20 and UN aims to amplify the collective voice of emerging economies in trade, finance, and global security matters.

📈 Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data

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💼 GENIUS Act: A Catalyst for Stablecoin Innovation and U.S. Financial Leadership

📈 The GENIUS Act has sparked a heated debate over stablecoin regulation as U.S. banks and digital asset companies clash over its implications. The Blockchain Association has stepped forward to defend the law, calling it a landmark in financial policy that clarifies digital asset markets and bolsters the country's position in global innovation.

✉️ In a letter to key Senate and House leaders, the Association expressed its strong support for the GENIUS Act, emphasizing that it should serve as the foundation for U.S. digital-asset policy. They highlighted that this legislation is the first comprehensive digital asset law requiring strict one-to-one reserves, transparency, and federal oversight. This framework is said to ensure consumer protection and regulatory certainty for entrepreneurs, encouraging them to operate within the U.S.

🚫 The letter also addressed concerns raised by major banks about the potential risks of stablecoins draining deposits and restricting lending. The Association argued that these claims are misleading, citing the significant difference between the $18 trillion held in U.S. bank deposits and the $277 billion in global stablecoins. They referenced a recent study that found no correlation between stablecoin adoption and community bank deposit outflows.

🔒 Emphasizing the importance of stability, the Association stated,

The choice is clear. GENIUS is settled law. It is working. And it must be defended.

While traditional banks view stablecoins as a potential risk, advocates argue they offer benefits such as faster payments, lower costs, and greater credit access. The Association warned that reversing the GENIUS Act would undermine investment and innovation, urging the U.S. to embrace this regulatory clarity to remain competitive in the global financial landscape.

🚀 Gumi's Blockchain Strategy Boosted by SBI Funding

💰 Gumi Inc., a Tokyo-based game developer and crypto strategy firm, is set to enhance its blockchain strategy following a significant funding round from SBI Securities Co. Ltd. On October 2, the company announced that its board approved the issuance of the 26th series of stock acquisition rights through a third-party allotment. This financing is expected to raise approximately ¥5.72 billion ($38.79 million) and will be primarily used for debt reduction and accelerating Gumi's blockchain growth.

Funds raised this time will be allocated not only to acquiring crypto assets such as bitcoin (BTC), XRP, and others that the company expects will exceed their current value in the future, but also to create synergies through staking and other business applications.

📈 Of the net proceeds, about ¥3 billion will be directed to repaying a loan from SBI Securities, ¥2 billion will be used for the purchase of XRP and bitcoin, and ¥719 million will go toward further blockchain investments. Gumi aims to combine asset purchases with staking activities to generate both capital gains and steady income.

🔗 Highlighting XRP as a priority, Gumi expressed its belief that it can strengthen business synergies by promoting joint development of new services in collaboration with Ripple and the SBI Group. The company emphasized XRP's strategic significance due to its role in international remittance systems and its alignment with SBI's financial network. While acknowledging volatility risks, Gumi's management maintains a long-term outlook, expecting XRP and other holdings to appreciate in value over time.

💣 Paul Tudor Jones Predicts Explosive Bull Market Amid Bitcoin’s ‘Uptober’ Rally 📈

👉 Read more

💰 Rezolve Ai Expands Payment Reach with Smartpay Acquisition

🌍 Rezolve Ai (NASDAQ: RZLV) has announced its acquisition of Smartpay, a digital-asset payments platform that processed over 19 million transactions worth more than $1 billion in the year ending September 30, 2025. This acquisition significantly expands Rezolve's payment capabilities in high-growth markets such as Brazil, Argentina, Colombia, and Angola.

🔗 The integration of Smartpay's infrastructure supports Rezolve's Multi-Asset Payment Initiative with Tether, which aims to incorporate USDT, BTC, and ETH into retail payments. This initiative seeks to create a merchant-fee-free, blockchain-based network with instant fiat settlement through Rezolve’s Brain Checkout technology. Rocelo Lopes, the founder of Smartpay, will spearhead Rezolve’s Digital Currency Initiative following the acquisition.

🤖 Additionally, this move aligns with Rezolve's roadmap for AI-driven “Agentic Commerce,” which focuses on enabling autonomous agents to execute real-time purchases using digital assets.

🍔 Steak 'n Shake Halts ETH Payment Poll Amid Bitcoin Maximalist Backlash

🚫 Steak 'n Shake recently suspended a Twitter poll regarding the acceptance of Ethereum (ETH) payments after facing significant criticism from Bitcoin maximalists. The chain stated,

Poll suspended. Our allegiance is with Bitcoiners. You have spoken. Who even allowed this? I’m back at my desk. — Steaktoshi.

📅 This decision came after the chain had previously announced its intention to explore ETH acceptance and promised to “abide by the results of this poll.” Ethereum co-founder Vitalik Buterin responded positively to the suspension, calling it

a good decision

and commending businesses that prioritize their convictions over broad appeal. He stated,

Not every business should be trying to appeal to many customers as possible in the name of ‘not being maximalist’. We need the stubborn ones who believe in their cause and their tribe and see their work as a labor of love to it.

⚡️ Bitcoin Price Mirrors March 2020 Crash as US–China Trade Easing Fuels Recovery 📊

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🇰🇪 Kenya Moves Towards Comprehensive Crypto Regulation with VASP Bill

🚀 Kenya's Parliament has taken a significant step in regulating digital assets by passing the Virtual Asset Service Providers (VASP) Bill. This legislation is now awaiting President William Ruto's approval and aims to formalize the country's burgeoning crypto economy. It positions Kenya as a potential leader in digital finance regulation in Africa.

🛡 The primary objectives of the VASP Bill are to protect consumers, prevent financial abuse, and provide legal clarity for crypto businesses. Notably, the bill does not propose the creation of a new regulatory body. Instead, it delegates licensing and supervisory duties to existing institutions such as the Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA).

💬 Kimani Kuria, chairman of the Finance and National Planning Committee, emphasized the bill's importance, stating,

This is a landmark moment for Kenya’s financial ecosystem. It provides clarity, promotes innovation, and protects consumers from fraudulent digital schemes.

This approach aims to integrate the new regulations into the current financial system while allowing the National Treasury to establish a separate virtual assets regulator in the future if necessary.

📜 The bill requires all entities offering virtual asset services to obtain a license and imposes strict operational safeguards. These include maintaining client asset protections through fund segregation, obtaining insurance coverage, and opening bank accounts in Kenya for supervisory oversight. Regulators are empowered to inspect and sanction noncompliant operators.

💰 This legislative move follows a recent adjustment in the Finance Act 2025, which repealed the controversial 3% digital asset tax on asset value. It was replaced with a 10% excise duty on fees charged by virtual asset platforms, shifting the tax burden from asset appreciation to service consumption.

🌍 If enacted, the VASP Bill will mark Kenya's first formal recognition of virtual assets and align it with regional counterparts like South Africa, Nigeria, and Mauritius. Detailed subsidiary rules governing licensing procedures and compliance timelines are expected to be issued by regulators soon after the law is enacted.

💰 Gold Reaches Historic Highs Amid Market Shifts

📈 Gold has surged to unprecedented levels, hitting $4,371 in the COMEX December futures markets early Friday morning. This milestone marks gold as the first asset to achieve a market capitalization exceeding $30 trillion, solidifying its status as a safe-haven investment.

📊 Over the past week, gold has experienced significant price increases, culminating in this record high. The World Gold Council estimates above-ground gold reserves at nearly 216,265 metric tonnes, contributing to gold's new market cap. Year-to-date, gold has outperformed all other assets, including the S&P 500 and bitcoin, with gains of nearly 10% in the last five days, over 17% in a month, and close to 66% YTD. Even Nvidia, a top performer this year due to its AI semiconductor ties, has seen a YTD rise of about 36%, falling short of gold's impressive performance.

⚠️ Analysts express concerns regarding gold's rising prices and inelastic demand, which may indicate potential debasement of the U.S. dollar and a looming devaluation crisis for major fiat currencies. Financial analyst Peter Schiff warns that this surge could signal a U.S. dollar and sovereign debt crisis next year, potentially more severe than the 2008 financial crisis.

this surge likely portends a U.S. dollar and sovereign debt crisis next year that will make the 2008 financial crisis look like a Sunday school picnic

he stated.

🔮 Looking ahead, analysts believe the bullish trend for gold may continue. Major institutions like Goldman Sachs have recently increased their price predictions for December from $4,300 to $4,900 per ounce, driven by demand from exchange-traded funds and central bank purchases.

If that’s true, the gold move can go a lot further

concluded Robin Brook, a Senior Fellow at the Brookings Institution.

📢 Arthur Hayes Says Bitcoin Is On ‘Sale’ Following Decline To Four-Month Low 📊

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🌍 Global Cryptocurrency Normalization: A New Era for Bitcoin and Ethereum

🚀 The global adoption of cryptocurrency is gaining momentum as major asset managers introduce regulated bitcoin and ethereum products on the London Stock Exchange (LSE). This shift indicates a growing alignment among institutions, increasing regulatory clarity, and the rapid integration of crypto into the global financial system.

📈 Following regulatory approvals, prominent firms such as Blackrock, Bitwise, 21Shares, and Wisdomtree have launched or reopened crypto exchange-traded products (ETPs) for retail investors on the LSE.

The dominoes are falling. Soon, crypto will be fully normalized as an investment globally,

said Matt Hougan, Chief Investment Officer at Bitwise. This marks a significant turning point in the institutionalization of digital assets and highlights a growing consensus among global fund managers that crypto is maturing into a mainstream investment class.

🗣 Bitwise emphasized that these listings allow UK retail investors to access bitcoin and ethereum through ETPs on a UK Recognised Investment Exchange (RIE) for the first time. This development coincides with the Financial Conduct Authority’s (FCA) decision to lift restrictions on retail access to crypto ETPs. Bradley Duke, Managing Director at Bitwise, noted that

the direction of travel is clear for crypto,

reflecting increasing institutional confidence and regulatory clarity.

📊 Blackrock launched its Ishares Bitcoin ETP, while 21Shares and Wisdomtree opened previously institutional-only ETPs for retail investors. Bitwise listed four new physically backed, MiFID II–compliant ETPs and reduced its Core Bitcoin ETP fee to 0.05%, one of the lowest in the industry. 21Shares cut fees on its flagship products, and WisdomTree expanded access through ISAs and SIPPs, offering a regulated route for retail investors. These initiatives signal a global inflection point: an industry-wide acknowledgment that crypto is transitioning from niche speculation to a fully integrated component of diversified portfolios.

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💰 U.S. National Debt Surpasses $38 Trillion: A Growing Concern

📈 The U.S. national debt has exceeded $38 trillion, marking a significant increase in a short period. According to the U.S. Debt Clock, the debt level surpassed this milestone by $24 billion. This rise comes less than three months after the debt reached $37 trillion, raising alarms about its unsustainability.

👥 Debt per citizen has reached over $110,000, and the debt-to-gross domestic product (GDP) ratio stands at 120.63%. Senators Rand Paul and Rick Scott have expressed concerns about this trend. Senator Paul noted on social media that

even with this alarming rise, Congress is no closer to balancing the budget

, while Senator Scott emphasized that it is

unsustainable and a direct threat to the American Dream and our very way of life

⚠️ The implications of a spiraling debt scenario could be severe for the American economy. In March, the House Budget Committee warned that failure to contain spending could lead to

either slow and painful economic demise through sustained stagnation or a swift and catastrophic sovereign debt crisis

Financial advisors are already recommending investors to consider other markets before the situation escalates. David Kelly, chief global strategist at JPMorgan’s Asset Management, stated that

many investors should likely consider diversifying their portfolios by adding alternative assets and international stocks

🔮 Looking ahead, the Committee for a Responsible Federal Budget (CRFB) estimates that the debt could rise to over $53 trillion by 2035 if no action is taken. However, investors like Ray Dalio are skeptical about the likelihood of effective measures being implemented, suggesting that it may be

too late

to address this issue.