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Check out our Live Next Crypto to Explode Updates for October 20, 2025!

Crypto is so unthinkably huge at the moment, a nearly $4 trillion industry that’s aiming for world domination.

Recent headlines talk of Circle and Mastercard planning to add USDC to global payment systems, Ethereum and Bitcoin treasuries in the billions of dollars, and Google building its own blockchain.

Bitcoin has an all-time growth of over 180,000,000%, Dogecoin over 43,000%, and some of the newest presale coins often pump 10x, 100x, or even 1,000x on rare occasions.

Explosive potential is probably the single best description for what we’re seeing today in crypto.

Quick Picks for Coins with Explosive Potential

Bitcoin Hyper ($HYPER) - Real-Time Layer-2 Solution for Scaling Bitcoin Launch: May, 2025 Join Presale Maxi Doge ($MAXI) - High-Impact Meme Coin Built On Strength, Staking & Conviction Launch: July, 2025 Join Presale PepeNode ($PEPENODE) - A New, Gamified Way to Mine to Earn Meme Coin Rewards Launch: February, 2025 Join Presale Snorter Token ($SNORT) - Lowest-Fee Telegram Trading Bot for Solana and Ethereum Launch: May, 2025 Join Presale Best Wallet Token ($BEST) - Get Easy, Early Access to New Curated Presale Projects Launch: November, 2024 Join Presale

If you’re looking for the most recent insights on the next crypto to explode, stay tuned. We update this page frequently throughout the day, as we get the latest and greatest insider insights for chart sniffers and traders looking for the next coin to explode.

Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. Three Reasons Why Galaxy Digital’s Alex Thorn Believes Crypto Growth Can’t be Stopped

October 20, 2025 • 12:00 UTC

Alex Thorn, Head of Research at Galaxy Digital, believes that the crypto market’s structural foundation remains too strong to be shaken by the recent crash.

He highlights three factors to make the case:

• The first is AI spillover, since the trend is not just driven by corporate investment, but also national policy.
• The second is stablecoin adoption, which remains strong even during market downturns.
• Finally, real-world asset tokenization is no longer an experiment. It’s actively moving into the adoption phase.

The growing interest in Bitcoin-based projects also hints that market recovery is underway.

For example, the Bitcoin Hyper ($HYPER) presale is about to smash through the $25M milestone. The Bitcoin layer-2 solution is bringing more speed and programmability to the network, and reflects steady optimism in a Bitcoin-led crypto future.

Alt text – $HYPER presale has raised $24.3M already

But the presale sell-out won’t wait for the next rally, as $HYPER is clearly one of the best cryptos to buy now.

Read our Bitcoin Hyper price prediction to see why.

After the SEC’s Rule Change, Could $PEPENODE Be the Next Crypto To Explode?

October 20, 2025 • 11:00 UTC

The US SEC has approved generic listing standards for ETPs, allowing exchanges to list qualifying crypto ETPs without filing separate rule proposals for each new product.

This marks a significant regulatory shift that will eliminate years of case-by-case uncertainty, which historically has dampened product launches.

This move reflects a philosophical shift, as cryptocurrency will no longer be viewed from an outsider’s perspective, but rather be treated as part of the mainstream US financial system.

Previously, each ETP required a review by the SEC, which could last up to 240 days. Thanks to the new rule, eligible ETPs can launch within 75 days.

The shorter timelines could make new crypto ETF strategies economically viable and spark a wave of spot-coin ETFs beyond Bitcoin and Ethereum.

In light of the SEC’s relaxed fast-track approval rules, PEPENODE ($PEPENODE) stands out as a potential breakout project positioned to capitalize on this new era of open and innovation-driven crypto growth.

PEPENODE brings gamified meme coin mining to the masses and offers rewards in $PEPENODE, $PEPE, and Fartcoin.

Learn how to buy PEPENODE in our detailed guide.

What Will Happen in Crypto this Week: Dogecoin Hits $0.20 After Musk’s New Marketplace — Can $MAXI Ride the Wave?

October 20, 2025 • 10:00 UTC

As Elon Musk unveils X’s newest launch -Handles Marketplace, Dogecoin’s price rose 5% to $0.20 today. As Musk-related news developments continue to act as a catalyst for $DOGE rallies, traders are already anticipating a potential XHandle-X $DOGE integration for payments.

Dogecoin had dropped 33% since October 6 due to macroeconomic headwinds, including the US Government shutdown and $1.2B in crypto liquidations last Friday.

However, thanks to Musk’s XHandle announcement, the OG meme coin had its first meaningful bounce in two weeks, climbing back to $0.20.

Elon Musk’s connection with Dogecoin remains strong as ever, as the open interest in $DOGE futures rose 14.10% to $1.9B, and trading volume increased to $ 6.3B shortly after the announcement.

With $DOGE leading the pack, investors are now scouting for the next big ‘Dawg’ token to ride the wave. Maxi Doge ($MAXI) is a standout presale contender in the meme coin sector, combining meme culture with gym-bro energy and a high-octane trading mindset.

Learn more about $MAXI in our full guide.

Japan Just Gave Bitcoin its Biggest Boost Yet — Could Bitcoin Hyper Be the Next Crypto to Explode?

October 20, 2025 • 10:00 UTC

Japan’s Financial Services Agency (FSA) is considering restructuring its existing rules to allow domestic banks to hold $BTC and other crypto assets for investment. Japan’s newer stance could pave wave for broader institutional adoption across Asia.

On other news, Three of Japan’s largest banks – MUFG, SMFG, and Mizuho plan on jointly issuing yen-pegged stablecoins for corporate settlements.

While this marks the beginning of traditional finance integration with blockchain, the country’s crypto market too has matured significantly with over 12M crypto accounts as of February 2025 – a 3.5X surge in five years.

Banks in Japan will soon be able to include Bitcoin on their balance sheets, positioning the OG crypto as an investment asset within the country’s banking system.

As Bitcoin gains broader recognition across Asian markets, an emerging Layer-2 token – Bitcoin Hyper ($HYPER) is drawing attention. It is a Layer 2 scalability solution that aims to turbocharge Bitcoin’s Layer 1 with faster transactions and lower cost.

Learn more about Bitcoin Hyper in our detailed guide.

Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/next-crypto-to-explode-live-news-today-october-20-2025

• Michael Saylor deutet einen weiteren milliardenschweren Bitcoin-Kauf an.
• Gleichzeitig startet in Deutschland das erste Pilotprojekt für BTC-besicherte Kredite.
• Beides zeigt: BTC wird zunehmend zum festen Bestandteil des institutionellen Finanzsystems.

Bitcoin bewegt wieder die Finanzwelt – und diesmal gleich auf zwei Ebenen. Während Michael Saylor mit seinem Unternehmen Strategy offenbar vor dem nächsten massiven Kauf steht, wagt eine deutsche Bankengruppe den Sprung in die BTC-Kreditwelt. Zwei Ereignisse, die zeigen, dass digitale Werte längst im traditionellen Finanzsystem angekommen sind. Doch wie hängen diese Entwicklungen zusammen – und was bedeuten sie für die Zukunft von BTC?

Michael Saylor signalisiert neuen BTC-Kauf

Michael Saylor, Gründer von Strategy, hat erneut für Aufsehen gesorgt. In einem Beitrag auf der Plattform X veröffentlichte er eine Grafik, die die bisherigen BTC-Investitionen seines Unternehmens zeigt. Dazu schrieb er: „Der wichtigste orange Punkt ist immer der nächste.“ Für Beobachter ist klar: Wenn Saylor solche Worte wählt, steht meist der nächste Kauf bevor. Bereits in der Vergangenheit deutete er neue Investitionen auf ähnliche Weise an – und kurz darauf folgte stets eine offizielle Bestätigung.

Michael Saylor on the future of Bitcoin:

• Banks will start lending against your Bitcoin• United States government will hold Bitcoin• Big tech companies will embrace Bitcoin• You will have Bitcoin on your iPhone pic.twitter.com/6d0Ntu44BE

— Only Bitcoin (@BTC_Vibes) October 18, 2025

Die BTC-Community reagierte prompt auf den Post. Analysten vermuten, dass Strategy schon in den kommenden Tagen neue Käufe tätigen könnte. Nach Angaben des Saylor BTC Trackers hat das Unternehmen seit 2020 bereits 82 Transaktionen durchgeführt. Aktuell hält Strategy 640.250 BTC im Wert von rund 69 Milliarden US-Dollar. Das entspricht einem Gewinn von etwa 45 Prozent gegenüber dem durchschnittlichen Kaufpreis von 74.000 US-Dollar pro BTC.

Strategy bleibt der größte Bitcoin-Halter der Welt

Strategy gilt mittlerweile als der größte institutionelle BTC-Besitzer weltweit. Das Unternehmen kontrolliert etwa 2,5 Prozent der gesamten Umlaufmenge. Damit ist es der unangefochtene Marktführer im institutionellen Bereich. Auf den weiteren Plätzen folgen Marathon Digital mit rund 53.250 BTC und die japanische Firma Metaplanet mit über 30.000 BTC. Auch XXI (CEP) und die BTC Standard Treasury Company (CEPO) gehören zu den größten Haltern. Gemeinsam zeigen diese Unternehmen, dass der Trend zu BTC im Finanzsektor weiter zunimmt.



Trotz der beeindruckenden Zahlen spüren einige dieser Firmen den Druck des zuletzt schwächelnden BTC-Kurses. Besonders Metaplanet geriet in die Schlagzeilen, als der Börsenwert des Unternehmens unter die Summe seiner eigenen BTC-Reserven fiel. Solche Entwicklungen zeigen, dass auch institutionelle Investoren den Schwankungen des Kryptomarkts ausgeliefert sind – selbst, wenn sie langfristig auf das digitale Gold setzen.

Deutsche Banken starten Pilotprojekt mit Bitcoin-Krediten

Während Michael Saylor weiter investiert, kommt aus Deutschland eine andere, nicht minder bedeutende Nachricht. Die Bitcoin-Plattform 21bitcoin, betrieben von der FIOR Digital GmbH, hat gemeinsam mit der Volksbank Raiffeisenbank Bayern Mitte eG und Sopra Financial Technology ein europaweit einzigartiges Pilotprojekt gestartet. Ziel ist die Entwicklung eines regulierungskonformen BTC-Kreditprodukts, das Banken und Finanzdienstleistern den Einstieg in den Kryptomarkt erleichtern soll.

Hier kommst du zu unserer detaillierten Prognose für Bitcoin.

Diese sogenannte White-Label-Lösung soll es Banken ermöglichen, Kunden BTC-besicherte Kredite anzubieten – und das unter Einhaltung aller geltenden Regulierungen, einschließlich der MiCAR-Vorgaben. Damit entsteht ein neues Bindeglied zwischen klassischem Bankwesen und digitalem Vermögensmanagement. CEO Daniel Winklhammer von 21bitcoin spricht von einem „entscheidenden Schritt, um BTC für jedermann zugänglich und nutzbar zu machen“.

Volksbank Bayern Mitte als Pionier unter deutschen Instituten

Die Volksbank Raiffeisenbank Bayern Mitte eG zählt zu den ersten deutschen Banken mit einer eigenen BTC-Strategie. Sie bringt wertvolle Erfahrung im Kreditgeschäft mit und reagiert damit auf die steigende Nachfrage nach regulierten BTC-Dienstleistungen. Vorstandschef Andreas Streb betonte, dass viele Kunden ihre BTC-Bestände als Sicherheit nutzen möchten, ohne sie verkaufen zu müssen. Damit entsteht ein völlig neuer Anwendungsbereich für BTC – weg vom reinen Spekulationsobjekt, hin zum Finanzinstrument mit praktischem Nutzen.

Today, Germany‘s first bank to offer its customers Bitcoin (self custody only) – Volksbank Raiffeisenbank Bayern Mitte – visited Germany‘s first family business to mine Bitcoin and re-use the heat in its production process – Kläger Group. That is awesome. Welcome to the future. pic.twitter.com/ZwLx7OcrqW

— Rachel (@geyer_rachel) June 19, 2023

Durch die Zusammenarbeit mit Sopra Financial Technology erhält das Projekt zudem eine solide technische Basis. Sopra verbindet traditionelle Bankprozesse mit Blockchain-Technologie und erleichtert so die Integration in bestehende Systeme. Diese Kombination aus Regulierung, Technik und Marktverständnis könnte zum Modell für ganz Europa werden.

BTC etabliert sich als ernstzunehmendes Finanzinstrument

Die Entwicklungen um Strategy und 21bitcoin zeigen, wie weit BTC bereits im institutionellen Umfeld angekommen ist. Während Investoren wie Saylor auf langfristige Wertsteigerung setzen, arbeiten Banken und Technologiepartner daran, die Kryptowährung in alltägliche Finanzprodukte einzubinden. Diese Parallelbewegung – einerseits als Investment, andererseits als Kreditsicherheit – verdeutlicht die zunehmende Reife des BTC-Ökosystems.

Les hier, wieso einige Experten bei BTC noch dieses Jahr eine Rally bis 250k sehen. Ob der nächste große Preisanstieg bevorsteht, bleibt abzuwarten. Doch eines steht fest: BTC wird zunehmend zu einem festen Bestandteil der globalen Finanzarchitektur. Sowohl Mega-Investoren als auch etablierte Banken sind sich einig, dass die digitale Währung gekommen ist, um zu bleiben.

Bitcoin Hyper: Die nächste Evolutionsstufe für institutionelles BTC

Mit dem wachsenden Interesse von Banken, Fonds und institutionellen Anlegern an Bitcoin rückt eine zentrale Frage in den Fokus: Wie kann BTC über die reine Wertaufbewahrung hinaus auch effizient genutzt werden? Genau hier setzt Bitcoin Hyper an. Als Layer-2-Lösung verbindet es die Sicherheit und Dezentralität von Bitcoin mit der Geschwindigkeit und Programmierbarkeit der Solana-Technologie. So wird Bitcoin nicht nur gehortet, sondern aktiv einsetzbar – für schnelle Transaktionen, Smart Contracts und skalierbare Anwendungen. Bitcoin Hyper schafft damit die technische Grundlage, um institutionelles Kapital produktiv in die Bitcoin-Infrastruktur zu integrieren.

Lies hier eine langfristige Prognose für Bitcoin Hyper!

$HYPER: Der Schlüssel zu einem nutzbaren Bitcoin-Ökosystem

$HYPER ist der funktionale Motor hinter dieser Entwicklung. Der Token dient als Gas für Transaktionen, ermöglicht Staking und eröffnet Entwicklern und Investoren gleichermaßen neue Nutzungsmöglichkeiten innerhalb des BTC-Ökosystems. Während traditionelle Finanzinstitute beginnen, BTC in ihre Portfolios aufzunehmen, bietet Bitcoin Hyper eine Lösung, um diese Bestände auch operativ zu nutzen – nicht nur passiv zu halten. In einer Zeit, in der institutionelles Vertrauen wächst, zeigt Bitcoin Hyper, wie die Zukunft von BTC aussehen kann: sicher, skalierbar und endlich praktisch anwendbar.

[su_button url=”https://icobench.com/de/visit/bitcoinhyper” style=”flat” background=”#f69422″ size=”8″ center=”yes”]Hier Bitcoin HYPER kaufen[/su_button]

Ihr Kapital ist im Risiko.

On-chain sleuth ZachXBT has traced a $3.05 million theft of XRP from a US retail user to a laundering route that ran through Bridgers—an aggregator formerly associated with SWFT—and into over-the-counter venues linked to Huione, the Cambodian financial network that the US government moved last week to cut off from the American financial system.

Publishing the findings on October 19, ZachXBT said a “US based victim lost $3.05M (1.2M XRP) from their Ellipal wallet,” adding: “Here’s the tracing of where the stolen funds ended up and the biggest takeaways for similar thefts.”

Inside The $3 Million XRP Robbery

In a thread, ZachXBT identified the theft address—r3cf5mgj5qEcj9n4Th28Es7NVRnXGJjkzc—by matching dates and amounts from a viral YouTube video. “Although the victim did not directly share the theft address… I found it by reviewing the date and amount,” he wrote. He cautioned that “the victim seems inexperienced and does not provide enough details to determine how the Ellipal wallet became compromised besides it being user error.”

According to his reconstruction, the attacker rapidly converted the XRP across chains: “The attacker created 120+ Ripple -> Tron orders via Bridgers on Oct 12, 2025. On block explorers the transactions show as Binance since Bridgers (formerly SWFT) uses them for liquidity.” The funds were consolidated on Tron at TGF3hP5GeUPKaRJeWKpvF2PVVCMrfe2bYw on October 12 and, by October 15, “were completely laundered away to OTCs adjacent to Huione (illicit online marketplace in SEA),” he wrote. Bridgers bills itself as a “cross-chain swap” platform spanning dozens of networks; DappRadar documentation has also linked Bridgers to SWFT’s AllChain Bridge stack.

The reference to Huione lands squarely in a fast-moving sanctions environment. On October 14, 2025, the US Treasury designated the Huione Group as a “primary money laundering concern,” effectively severing it from the US financial system for facilitating flows tied to Southeast Asian scam and trafficking networks; the action was coordinated alongside a UK sanctions package and parallel US actions targeting the Prince Group, a Cambodian conglomerate labeled by US authorities as a transnational criminal organization.

ZachXBT’s thread placed the Ellipal wallet at the center of user confusion rather than a zero-day exploit of the hardware itself. “One lesson our industry needs to do better with is not causing confusion with products when you offer both custodial and non-custodial products. The XRP victim thought they were using the Ellipal cold wallet product when it was a hot wallet,” he wrote, drawing a parallel to “large Coinbase support impersonation thefts” where victims move assets from an exchange account to a compromised non-custodial wallet after social-engineering.

Ellipal publicly corroborated the cold-to-hot wallet mix-up. “Our findings confirm that the loss occurred because the user mistakenly imported their cold wallet’s seed phrase into a hot wallet, which made the assets accessible online,” the company stated, stressing that its “air-gapped cold wallets remain 100% offline and have never been compromised since launch.” Ellipal said it had contacted the user and reiterated basic hygiene: never import cold-wallet seeds into app-based wallets, and keep recovery phrases and devices offline.

The laundering arc ZachXBT described—fast cross-chain hops via an aggregator, consolidation on Tron, and distribution to OTC endpoints he characterizes as “adjacent to Huione”—mirrors typologies that US authorities have warned about as scam ecosystems professionalize.

In his words: “Huione has directly facilitated laundering billions in illicit funds over the past couple years from pig butchering scams, investment scams, human trafficking and hacks/exploits in Southeast Asia… I hope centralized exchanges and stablecoin issuers implement stricter controls as they are one of the bigger threats impacting the longevity of our space.”

The thread’s second theme is the structural difficulty of recovery. “The XRP victim mentioned… how they could not quickly get in touch with US law enforcement for a $3M theft,” he wrote, adding that there are “few LE qualified to handle such cases and endless victim reports so naturally incidents are overlooked,” though he cited the US, Netherlands, Singapore and France as comparatively better venues—contingent on the assigned investigator.

He also criticized much of the crypto “recovery” cottage industry: “>95% of recovery companies are predatory and charge large amounts for basic reports with few actionable insights… Bad firms would have stopped tracing this XRP theft at Binance… when in reality the service was Bridgers or would have failed to identify addresses linked to Huione.”

As for the odds of restitution, the outlook is grim. “Unfortunately the likelihood of this victim seeing any funds recovered is rather low due to a delay in reporting the theft to competent people within the private sector,” he concluded, urging rapid reporting of theft addresses to maximize the chance of freezing flows at chokepoints. He also faulted ecosystem-level support: “Ripple does not have as good of a support system for victims within their community as there is in Bitcoin, Ethereum, Solana, and major EVM chains.”

At press time, XRP traded at $2.44.

According to a recent report, the United Kingdom tax authority has sent out tens of thousands of “nudge letters” to individuals suspected of owing or underreporting taxes on their crypto asset gains. This move reflects the increased tax scrutiny of cryptocurrency investors around the world over the past year.

UK Tax Regulator To Obtain User Data From Global Exchanges Starting 2026

In an October 17 report, Financial Times (FT) revealed that UK’s tax authority HM Revenue & Customs (HMRC) sent approximately 65,000 letters to digital asset holders suspected of evading taxes on their gains. These letters, officially known as “nudge letters,” are written to ask investors to correct their tax filings before formal investigations take place.

This figure, which represents a 134% increase from last year’s letters, was obtained by accounting firm UHH Hacker Young, which submitted a Freedom of Information Act request to the HMRC. Neela Chauhan, a partner at the accounting firm, revealed to Financial Times that the UK tax authority now receives transaction data directly from major exchanges in order to identify and confirm cases of crypto tax evasion.

Chauhan told FT:

The tax rules surrounding crypto are quite complex, and there’s now a volume of people who are trading in crypto and not understanding that even if they move from one coin to another, it triggers capital gains tax.

Furthermore, HMRC will also receive access to user information from global exchanges starting from January 2026 under the Organization for Economic Co-operation and Development (OECD)’s Crypto-Assets Reporting Framework (CARF). The UK tax office intends to collect data throughout 2026, with the first filing slated for May 31, 2027.

The UK crypto scene continues to expand, with digital asset regulation seemingly taking a better shape in the region. Recently, the Financial Conduct Authority lifted its four-year ban on crypto-linked exchange-traded notes (ETNs), allowing asset managers to offer indirect digital asset exposure to retail traders on the London Stock Exchange.

India Tax Authority Orders Probe Of Binance Traders

Crypto taxation has been ramping up all around the world, with other countries’ tax regulators also probing digital asset traders and digital asset holders suspected of avoiding tax. 

As Bitcoinist reported, the Income Tax Department under the Central Board of Direct Taxes (CBDT) in India recently ordered a probe of 400 high-net-worth (HNI) individuals for hiding their crypto trades on the Binance exchange. 

These investors are suspected of avoiding taxes on their digital asset gains between 2022-23 and 2024-25, while also failing to disclose their investments in various exchange wallets outside the country.

Related Reading: Major Japanese Banks Plan Joint Stablecoin Rollout By Year-End – Report

Popular NFT market OpenSea is set to launch its highly anticipated native token SEA by Q1 2026, following a recent statement by its CEO Devin Finzer. Notably, the proposed cryptocurrency is designed as a key part of OpenSea’s transformation to a one-stop shop for any blockchain-related trading activity.

Related Reading: Florida’s Crypto Bill Gets A Second Life—But Will It Work This Time? OpenSea To Distribute 50% Token Supply To Community

In an X post on October 18, Devin Finzer shared key information on OpenSea’s long-awaited SEA token covering its utility, distribution, and tokenomics. The token was first announced in February 2025, as its launch is set to come year after.

According to details shared by Finzer, 50% of SEA’s total supply will be distributed to the OpenSea community, with at least half of this allocation going toward initial claimants. Meanwhile, OGs and participants in the platform’s rewards program will be considered separately, recognizing their long-term engagement and contributions to the marketplace.

The OpenSea CEO also revealed that 50% of the company’s revenue at launch will be used to purchase SEA tokens, establishing an immediate demand mechanism to support the token’s value and liquidity. In terms of functionality, SEA will be integrated into the marketplace’s core experience, allowing users to stake tokens and engage more deeply with their favorite collections. 

A Multi-Chain Trading Project

As earlier stated, SEA represents an integral component in OpenSea’s proposed operation to function as a one-stop shop for blockchain trading. Finzer provides additional depth to this project, which aims to move OpenSea from being an “NFT marketplace” to a general trading platform. 

The OpenSea boss describes NFTs as the first phase before a sequel that will provide users seamless access to the on-chain economy to trade all objects, including tokens, culture, art, and ideas, among others. 

Finzer said:

Building that product is in our DNA. You shouldn’t have to use a CEX and give up custody of your assets. But you also shouldn’t need to navigate a maze of chains, bridges, wallets, and protocols in order to use onchain liquidity, wondering whether your balance is on Solana, an Ethereum L2, or somewhere else.

The OpenSea boss also explains the importance of the SEA token to this project, saying 

You should just be able to trade everything in one place, seamlessly. And that brings me to $SEA, from the OpenSea Foundation. Integrating $SEA into OpenSea will be the opportunity to show the world our vision. It will shine a spotlight on everything we’re building. So we need to make damn sure that what we’ve built deserves that spotlight — not just for us, but for every holder who believes in what crypto can become. $SEA is not being created to be launched and forgotten.

Meanwhile, OpenSea now boasts over $2.6 billion in October 2025, 90% of which was generated from token trading.

Featured image from Unsplash, chart from Tradingview

Popular financial educator and “Rich Dad Poor Dad” author Robert Kiyosaki has once again criticized the US dollar, calling it “fake money” and warning that inflation is making life harder for the poor and middle class. 

In one of his recent posts on the social media platform X, Kiyosaki noted how the global monetary system is broken and corrupt, while also urging people to save in assets like gold, silver, Bitcoin, and Ethereum instead of government-issued money.

Inflation And The ‘Fake Money’ Crisis

Kiyosaki said the rich keep getting richer, not always because they work harder, but because government money makes them richer. He explained that while he is personally glad to see gold, silver, Bitcoin, and Ethereum increasing in price, his real concern is that the cost of living keeps rising for those without such assets. 

“The price of life,” he said, “makes life harder on the poor and middle class.” This is a comment based on recent global macroeconomic events that have led to high inflation in many countries. A prime example is in the US, where reports show that 75% of Americans are spending more due to soaring prices of goods and services.

Kiyosaki noted that government money only benefits the rich, and unfortunately, this is at the expense of average and poor people, who are always getting poorer. These are the people who are always victims of “a broken and corrupt monetary system.”

In both interviews and posts over the years, Kiyosaki has made a clear distinction between fake fiat currency and what he considers real assets. Unsurprisingly gold and silver are part of what he considers real assets. 

Aside from precious metals, Kiyosaki also embraces Bitcoin and Ethereum as modern extensions of this real asset philosophy. The financial author has even given many ultra-bullish price predictions for Bitcoin, with price targets reaching as high as $13 million if all goes right for the cryptocurrency in the coming years. 

“Please save real money…. Gold, silver, Bitcoin, Ethereum….not Fake government Money,” Kiyosaki said.

Recent Market Performance

The assets highlighted by Kiyosaki (gold, silver, Bitcoin, and Ethereum) have all seen notable market activity in the past two weeks. Gold’s price exploded to new all-time highs during the week, marking its ninth consecutive week of bullish momentum. 

This saw it create its largest single-week advance on record to reach an all-time high of $4,379 per ounce. With the way things are going, this record is set to be broken anytime soon. Silver has been following in the footsteps of Gold, also reaching a record high of $54.2 during the week. 

Bitcoin and Ethereum, on the other hand, are struggling to regain momentum after a flash crash last week triggered by tariff news from US President Donald Trump that caused both cryptocurrencies to fall below important support levels. This pullback is notable, considering Bitcoin had started October by creating a new all-time price high above $126,000.

Featured image from Richdad, chart from TradingView

The Bitcoin market continues to reflect much uncertainty, as the price shows little to no signs of recovery from the obvious bearish trend established in the last two weeks. However, on-chain data has surfaced that puts into perspective the price action of the flagship cryptocurrency and what market participants can, as a result, realistically anticipate.

Binance And Other Major Exchanges Witness Capitulation 

In a recent QuickTake post on the CryptoQuant platform, analyst CryptoOnchain revealed a drastic change noticed across top exchanges involved with Bitcoin transactions. The relevant indicator here is the Bitcoin Taker Buy Ratio, which gauges the proportion of trading volume initiated by the buyers against the magnitude of transactions elicited by sellers. In this case, the analyst measured the Taker Buy Ratio on Binance and that on “All Exchanges” as a collective. 

A reading above 0.5 represents the presence of more buyers as opposed to the relative scarcity of sellers. On the flip side, values below 0.5 points at the preponderance of sellers across the measured exchange. As was reported by CryptoOnchain, the Bitcoin Taker Buy Ratio recently fell to a “multi-year low” of about 0.47. Clearly seen on Binance, the world’s largest crypto exchange, a Taker Buy Ratio below 0.5 is expectedly to back the overwhelming sell pressure seen reflected on Bitcoin’s price.

What’s interesting about this surge in sell pressure is how it follows the recent spike previously noted in exchange inflows. The analyst explains completes a typical capitulation sequence starts with “panic inflows,” a scenario where investors hurriedly move their BTC holdings to exchanges. After this, aggressive selling follows suit, increasing bearish pressure on the price. 

Usually, when the market records this high a magnitude of sales, it means the market sentiment could be in a state of fear. True to this, the analyst explained that “the dominance of aggressive sellers over the buyers has reached an extreme point.”

Bitcoin Market Outlook

At the moment, there is a high possibility that the bearish pressure dominating the market could send Bitcoin’s price further towards the downside, seeing as the market appears to struggle against this wave of supply. 

However, CryptoOnchain reemphasized known historical trends suggesting that this kind of capitulation event, where the market flushes out the weak hands, has often preceded the establishment of a market bottom. If history is anything to go by, the Bitcoin market could be nearing price levels where it begins to see significant bullish reversals. 

For this to be possible, the analyst added a caveat that it most likely would be on the condition that the 0.5 level has been decisively reclaimed, especially if it were to occur on a large exchange like Binance. As of press time, Bitcoin is worth approximately $106,900, with a slight but insignificant growth of 0.3% over the past day. 

The US federal funding lapse has stretched on, creating new delays for regulatory decisions tied to crypto products. According to reports, the shutdown has lasted beyond 40 days in some scenarios used by market forecasters, and reduced staffing at federal agencies is slowing routine approvals.

Shutdown Stretches Past 40 Days

Reports have disclosed a market estimate putting the chance of a prolonged shutdown at about 55% for certain stretches, which traders say complicates timing for filings and reviews.

The Securities and Exchange Commission is operating with fewer staff, and that has forced some rulemakings and approval windows to be pushed back. For applicants hoping for quick sign-offs, this means waiting longer than planned.

Investor Interest Remains High

Despite the holdup, investor appetite for regulated crypto products appears strong. According to filings and traffic data cited in market reports, clients of Charles Schwab hold roughly 20% of the US crypto ETF market by assets under custody, and web visits to crypto information pages have jumped about 90% on an annualized basis. That shows demand is not evaporating while regulators are idle.

What That Means For Markets

When reviews resume in force, some strategists expect pent-up demand to move into newly approved products. Based on reports, the delay has simply shifted the calendar rather than killed the approvals.

Yet market reaction is not guaranteed to be large; some money may already be waiting on the sidelines, while other investors have moved on.

Backlog Could Trigger A Fast Response

Regulatory staff will face a backlog when full operations return. Papers awaiting attention may be prioritized, and several issuers will press to get decisions cleared.

Sources tracking the space warn that a sudden cluster of approvals could follow the end of the funding gap, creating rapid inflows into the newly cleared funds.

Risks Beyond Timing

The shutdown is one of several risks. Reports point to the fact that approvals depend on legal arguments, compliance steps, and the agency’s view on market structure.

A temporary staffing shortfall delays work, but it does not change the substantive questions the regulator must answer before signing off. That means some applications could still be rejected or heavily conditioned.

Featured image from Unsplash, chart from TradingView

Crypto firm Ripple is reportedly set to raise up to $1 billion to set up an XRP treasury firm. The firm is notably the largest XRP holder and plans to contribute some of its holdings to this proposed venture. 

Ripple To Raise $1 Billion For XRP Treasury

According to a Bloomberg report, Ripple is leading an effort to raise at least $1 billion to buy XRP. These coins will be held by a new digital-asset treasury firm, which will hold XRP as its primary reserve asset. Meanwhile, the crypto firm plans to raise this sum through a special purpose acquisition company (SPAC). 

The proposed XRP treasury firm by Ripple could become the largest in the U.S. if it raises up to $1 billion to buy XRP. Meanwhile, Bloomberg reported that Ripple also plans to contribute some of its own XRP to facilitate this move. The crypto firm is the largest XRP holder, holding over 40% of the token’s total supply, including its holdings in escrow. 

It is worth noting that XRP Ledger (XRPL) validator Vet revealed that Ripple sent $500 million in XRP to a new account. He said that the account is not escrowed and doesn’t have multi sig, which he claimed is surprising given the account value. This has led to speculation that the transfer may be related to the $1 billion treasury firm the crypto firm is looking to set up. 

In addition to the $1 billion fundraise for an XRP treasury firm, Ripple also recently acquired GTreasury for $1 billion, expanding into the corporate treasury markets. This is also considered another major win for XRP, as Ripple and GTreasury plan to let customers use the crypto firm’s payment solution for real-time cross-border transactions, which they facilitate using XRP. 

Significance Of The XRP Treasury Firm

XRP commentator Kahneman noted the significance of the SPAC in Ripple’s plans to set up a $1 billion XRP treasury firm. He explained that this would be a publicly disclosed, regulated liquidity pool capable of handling corporate treasury flows. Meanwhile, Ripple just bought GTreasury, meaning that both moves could be intertwined. 

Kahneman further remarked that a SPAC would let the payment firm offer a regulated liquidity pool that corporate treasuries can use, even though the crypto firm is a private company. He added that this separates Ripple’s operating business from a compliant pool. 

Therefore, the XRP commentator opined that this could signal that the crypto firm intends to remain private for a while longer. Ripple has so far not revealed any plans for a potential IPO despite the XRP lawsuit already ending. 

At the time of writing, the XRP price is trading at around $2.32, down in the last 24 hours, according to data from CoinMarketCap.

As Bitcoin continues to trade sideways, gold has quietly stolen the spotlight, surging to new all-time highs as investors flock to safety amid global economic uncertainty. The move underscores a widening divergence between traditional and digital stores of value, raising questions about BTC’s role as digital gold in a macro environment that should favor both.

Momentum Gap: Bitcoin Stagnation And Gold Surge

In a compelling and sobering perspective, the current state of the crypto market, particularly Bitcoin, is contrasting sharply with the performance of gold. As analyst Exy pointed out on X, Gold is breaking all-time highs week by week, and yet BTC hasn’t moved an inch. EXY also revealed that social risk is at zero, and Google Trends remains stagnant for BTC searches. 

Exy describes the current crypto environment as an internal struggle, where participants are pvping, liquidating, scamming, pumping, and dumping against each other. However, the market tops are in euphoria and not in a stagnant period, as observed in the ongoing movement of Gold. Interestingly, when gold starts to consolidate, other risk assets such as BTC could finally catch their bounce.

Furthermore, the social risk will start improving once we see a consistent rate cut by the Federal Reserve (FED), which allows the normies to have extra cash monthly, and also quantitative easing (QE) to pump our assets. “Regardless, this isn’t over yet,” Exy noted.

Gold $30 Trillion Dominance Puts BTC Potential Into Perspective

CryptoRank.io has revealed that gold’s absolute inflow has exceeded Bitcoin’s by more than $15 trillion since January 1, 2024, underscoring the metal’s continued dominance as a global store of value. The Gold total market capitalization has surged to $29.6 trillion since the start of 2024, while BTC has climbed to $2.15 trillion.

Despite BTC’s growing adoption and its integration into digital assets in institutional finance, investors continue to view gold as the primary safe-haven asset amid economic market uncertainty. At the same time, the gold narrative is evolving, with tokenized commodities such as Tether Gold (XAUT), PAX Gold (PAXG), and AurusGOLD (AWG) experiencing rapid growth, offering investors on-chain exposure to physical gold and other precious metals.

Crypto expert theunipcs has also mentioned that the global gold market has now reached a staggering $30 trillion, adding over $12 trillion in value in the past year alone in its market cap. According to today’s metrics, if BTC captured just 10% of gold’s current market cap, it would trade around $150,700 per BTC, and that’s the bare minimum it would reach before this cycle tops out.

Arthur Hayes’ home office Maelstrom is seeking $250 million in capital investment to finance a private equity fund targeted at mid-sized crypto companies. According to Bloomberg, the fund is designed to provide traditional investors more access to the crypto market amid a spectacular recovery from the FTX-inspired market crash in November 2022.

Related Reading: Ethereum Institutional Accumulation Frenzy: Bitmine Expands Holdings With Another Massive Strategic ETH Buy Hayes PE Fund Targets 6 Company Acquisitions

In a post on Friday, Bloomberg reports that Maelstrom, founded by Arthur Hayes and former BitMEX M&A Head Akshat Vaidya, is actively working to raise $250 million for investment in mid-sized crypto firms. 

The fund, tagged as Maelstrom Equity Fund I, is expected to cover the acquisition of six crypto companies, with each purchase expected to range between $40 million-$75 million. Notably, there will be a strategic focus on blockchain service providers, including trading infrastructure and analytics startups. 

In a recent X post, Vaidaya, who acts as the managing director, provides more insights into this fund, highlighting the problem and proposed solution.

Vaidaya describes the new initiative as the first control-buyout PE fund to focus solely on the crypto ecosystem. The Maelstrom Equity Fund I is to achieve profitability in three main ways. First of which is providing founders of supporting blockchain services to access clean exit opportunities at reasonable valuations. 

Furthermore, the PE fund would also aim to help new TradFi entrants to the crypto space navigate investment in businesses by providing them access to “an acquisition-ready portfolio of cash-flowing, growing businesses for future buyers of crypto businesses like Robinhood, Charles Schwab, X, Wealthfront, etc.” Finally, Hayes, Vaidaya and newly hired partner Adam Schlegel are also looking to offer capital allocators such as pension funds or other family offices the opportunity to invest capital at scale, e.g, 9 figures+, into the “most fundamentally valuable” sectors of the crypto economy, i.e., the blockchain supporting business, without having to worry about token exposure or market volatility.

Maelstrom PE Fund: High Risk Or Not?

Interestingly, Bloomberg notes that Maelstrom’s proposed equity fund comes amidst a challenging period as PE firms are globally struggling to attract capital. In the crypto market, PE investment is reportedly down to $1.4 billion, representing a 65% decline from the peak of 2021, which suggests a significant business risk for Hayes and partners. 

However, a series of high-profile acquisitions amidst a rebounding market since the FTX crash, coupled with the mechanics of the Maelstrom, provides an appealing context for investors. At press time, the total crypto market cap is valued at $3.59 trillion following a 1.06% decline in the last 24 hours.

Bitcoin is slowly stabilizing after the dramatic flash crash that briefly sent its price plunging to $101,000 last weekend. The event caused widespread liquidations across the derivatives market and rattled trader confidence, leaving market sentiment deeply shaken. 

On-chain data from CryptoQuant shows that Bitcoin’s open interest variation fell to negative 25 in the aftermath of the flash crash, its lowest reading in 2025. This decline highlights a market that has been cleansed of excessive leverage, but the question is whether this points to a major rebound or the start of a deeper correction.

Bitcoin Open Interest Sinks Into Extreme Fear Territory

According to on-chain analytics platform CryptoQuant, Bitcoin’s open interest variation, an indicator measuring changes in the total number of active futures contracts, recently entered the Extreme Fear zone. Particularly, the open interest reached a low of around negative 25 points, its lowest level so far in 2025. 

This metric had previously reached similar lows during BTC’s last major correction earlier in the year, when it dropped to around negative 25. However, the last time the Bitcoin open interest dropped below this negative 25 level was in mid-2023.

The latest reading around negative 25 shows the intense market capitulation, where over-leveraged traders were flushed out when BTC touched $101,000. Similar drops so far this year have shown moments of extreme pessimism but were followed by renewed strength once the selling pressure subsided.

Each time open interest collapsed to this degree, Bitcoin’s price found support soon after and began a steady recovery in the following weeks. This recurring pattern suggests that extreme deleveraging often precedes the formation of local or macro bottoms. 

What Does This Mean For Bitcoin?

If the crash in open interest follows a price drop, it often indicates a wave of long liquidations. This type of extremely low open interest means that most leverage traders has been fully flushed from the system, and the market is now cleaner. In such cases, it can actually be bullish in the medium and long terms.

As shown in the chart above, the last time open interest fell to negative 25 was in early April, when BTC finally ended its extended correction from above $106,000 at $76,300. What happened after was months of uptrends that finally saw Bitcoin break above $106,000 again and into new all-time highs.  

A similar performance and comparable rebound would project BTC’s price to undergo a steady 40% to 50% increase over the next multiple months. This steady increase would send Bitcoin price action back above $150,000 by early 2026.

At the time of writing, Bitcoin is trading at $106,900, up by 1.4% in the past 24 hours.

Striped-owned blockchain Tempo has now reportedly completed a Series A funding round, securing a total investment of $500 million. The funding round was led by prominent venture capitalist firms Greenoaks and Joshua Kushner’s Thrive Capital, representing the growing footprint of cryptocurrency in mainstream finance and global capital markets.

Tempo’s Valuation Climbs To $5B After Funding Round

In a new post on Friday, Fortune reports that Stripe’s Tempo has recorded a successful Series A funding, pushing the blockchain’s valuation to $5 billion. In early September, Stripe announced Tempo in partnership with crypto VC Paradigm as a layer-1 blockchain designed to enable stablecoin payment and boost payment efficiency.

In Paradigm’s announcement statement, the firm’s co-founder and managing director, Matt Huang,  gave valuable insights on Tempo’s mission, saying:

We are excited to further crypto’s ability to tackle real-world use cases, including global payments and payroll, remittances, tokenized deposits for 24/7 settlement, embedded financial accounts, microtransactions, agentic payments, and more.

Tempo joins a list of growing stablecoin-focused layer 1 blockchains, including Circle’s Arc and Tether’s Plasma. Interestingly, its launch also comes following the adoption of a pro-crypto policy by US President Donald Trump, leading to several positive regulatory developments.

In July, President Trump notably signed the GENIUS Act, establishing a federally approved framework to regulate the issuance and operation of stablecoins in the United States. 

Tempo represents Stripe’s bet on dollar-backed stablecoin’s potential to emerge as a key player in the global payment system. The blockchain project is jointly designed with global industry leaders, including Deutsche Bank, OpenAI, Standard Chartered, and Revolut, among others. 

Meanwhile, alongside Greenoaks and Thrive Capital, other participants in this funding round included Ribbit Capital, Sequoia, and Ron Conway’s SC Angel. Notably, Paradigm and Stripe made no equity contribution to this round.

Stripe Presses On With Crypto Ambitions

Beyond its investment in Tempo, Stripe’s expansion into crypto has accelerated in 2025. In February, the billion-dollar company acquired stablecoin startup Bridge for $1.1 billion, followed by a June deal to purchase crypto wallet company Privy.

With Tempo, the payment company looks to gain a stronghold in the booming stablecoin market. While Stripe has not disclosed plans for a native Tempo token, the company has previously stated plans to remain agnostic. The company’s focus on blockchain payment infrastructure puts it in direct competition with established stablecoin players like Circle and Tether, and major blockchain networks such as Ethereum, Solana, and Tron.

At press time, the total stablecoin market cap is $316.52 billion with a daily trading volume of $238 billion. 

Despite the red-hot start to the month, the historically bullish “Uptober” period has not particularly gone according to the expectations for the Bitcoin price. Following the market-wide downturn on October 10, the premier cryptocurrency has not been able to mount a clear recovery back to its former highs.

In fact, the Bitcoin price action continues to struggle under lasting bearish pressure, falling to a new low around $103,000 on Friday, October 18. With uncertainty taking over the market, investors are left wondering whether the bull run is over or the sluggish action is a minor blip.

According to a recent outlook, the current technical position of the BTC price could offer insight into its next step.

 

BTC At Risk Of Deeper Correction If It Loses $99,900 Support

In an October 17 post on the social media platform X, Glassnode put forward an interesting evaluation of the current Bitcoin price setup. The prominent crypto analytics firm revealed that the flagship cryptocurrency is currently sitting between two major support zones.

This analysis is based on the Glassnode Technical Pricing Model, a chart containing a number of technical indicators, including the Pi Cycle indicator, the Mayer Multiple, the Yearly Moving Average (MA), and the 200-Week Moving Average. 

According to Glassnode, the Bitcoin price is currently wedged between the Mayer Multiple ($107,400) and the Yearly MA ($99,900).

The Mayer Multiple (200-Day Simple Moving Average) is a popular technical indicator often linked with the transition point between a bull and bear market. Meanwhile, the 365 Day SMA offers a long-standing baseline for high-timeframe market momentum.

Following the latest dip, the Bitcoin price slipped beneath the 200-day Moving Average, signaling a possible shift from a bullish market condition to a bearish one. While BTC still holds above the 365-day MA, the premier cryptocurrency needs to stay above this level to steady the current trend.

Ultimately, investors might want to keep an eye on the BTC price, as a break beneath the $99,900 level could spell much bigger trouble for the world’s largest cryptocurrency. It is worth noting that a return to above the Mayer Multiple could be significant for Bitcoin’s progression, albeit with price resistance around the 111-day moving average (currently at $114,700).

Bitcoin Price At A Glance

As of this writing, Bitcoin is valued at around $106,427, reflecting an almost 2% price drop in the past 24 hours.

According to Chainalysis, Russia received over $376 billion in on-chain crypto transfers between July 2024 and June 2025, ahead of the United Kingdom’s $273 billion.

That metric measures value moved into wallets and addresses tied to Russia during the 12-month window. Based on reports, the figure was driven by a mix of very large transfers, rising DeFi activity, and growing use of rouble-linked stablecoins.

Big Transfers And DeFi Activity

Large transactions appear to have pushed the overall totals up. Transfers greater than $10 million rose by 86% in Russia over the year, a much faster increase than seen across other European markets.

DeFi activity also expanded sharply — rising roughly eightfold in early 2025 compared with mid-2023 levels before settling at about 3.5 times that earlier baseline. Those moves suggest that bigger players, including funds and institutional traders, are moving significant amounts on-chain.

Stablecoins Drive Cross-Border Movement

Reports have pointed to a rouble-pegged stablecoin, known as A7A5, as one of the rails used for cross-border settlement.

That token reached roughly $500 million in market capitalization in early October, and on-chain transfers tied to it topped $40 billion in recent months, according to blockchain trackers.

US and European officials have raised concerns about connections between some stablecoin flows and sanctioned entities, which has drawn extra attention to where the money is coming from and where it’s going.

Regulatory Shifts And Digital Ruble

Russia is also preparing formal digital money options. Based on reports, the central bank plans a national digital ruble launch on September 1, 2026, and lawmakers have discussed rules that could require major companies to support the CBDC from the start.

There has been talk of a national crypto bank and measures to open retail access to trading, steps that might shift some informal activity into regulated channels.

Pressure Points And Practical Effects

High transaction volume does not mean mass retail adoption across the population. Much of the growth is concentrated in wholesale flows — trading desks, settlement transfers, and firms using stablecoin rails.

That concentration makes the aggregate numbers large and real, but it also means the typical consumer may not be using crypto for routine payments. Still, the A7A5 case shows how quickly on-chain rails can scale when other payment routes are constrained.

Featured image from Unsplash, chart from TradingView

The launch of digital asset treasury (DAT) companies has been one of the most consistent themes of 2025, with institutional players exploring new avenues to increase their exposure to cryptocurrencies, including Bitcoin and Ethereum. In the latest development, Huobi founder and some notable Ethereum early-day backers are looking to launch a $1 billion digital asset vehicle.

Planned ETH Trust In Talks To Acquire Nasdaq-Listed Firm

According to an October 17 report by Bloomberg, Li Lin, founder of cryptocurrency exchange Huobi (now known as HTX) and chairman of investment firm Avenir Capital, and some of Asia’s earliest Ethereum backers are planning to launch a new digital-asset trust that will accumulate ETH tokens. This effort includes Hashkey Group CEO Xiao Feng, Fenbushi Capital founder Shen Bo, and Meitu Inc. founder Cai Wensheng, as revealed by the people familiar with the matter.

The digital asset treasury vehicle aims to offer investors regulated exposure to Ethereum and, ultimately, the larger cryptocurrency market. While crypto-linked exchange-traded funds (ETFs) have been a large success in the United States, crypto treasury firms have come on as the latest pathway to institutional adoption of digital assets.

The Bloomberg report disclosed that the group behind this trust is currently having discussions about acquiring a Nasdaq-listed shell company to facilitate the vehicle launch. According to the cited sources, the project has already raised about a total of $1 billion, including $200 million from Avenir Capital and $500 million from Asian institutional players such as Hongshan Capital Group.

With the discussions around the structure of the Ethereum trust still ongoing, the people familiar with the matter said the details of the venture could still change before launch. Meanwhile, an announcement on the treasury launch is expected to arrive in the coming two to three weeks.

Is Ethereum The ‘Treasury King’?

This newest venture would represent another one in the rich list of already-launched and waiting-to-be-launched Ethereum treasury firms. Joseph Chalom, co-CEO of Sharplink Gaming, recently called Ether the superior treasury asset compared to Bitcoin.

Chalom tied his claim of Ethereum being the better treasury asset due to its higher volatility and staking capability. According to the Sharplink co-CEO, Bitcoin’s relative lower volatility might be due to more coins being held (without trading) through exchange-traded funds.

According to a recent report, Sharplink Gaming boasts a holding of 840,124 ETH tokens, valued at approximately $3.19 billion at the current market price.

Amid the global push for stablecoin adoption, recent reports claim that three major Japanese banks are preparing to issue a yen-pegged token for global settlements before the end of the year.

Japanese Megabanks To Rollout Stablecoin This Year

On Friday, news media outlet Nikkei Asia reported that Mitsubishi UFJ Financial Group (MUFG) Bank, Sumitomo Mitsui Banking Corp., and Mizuho Bank are preparing to jointly launch a stablecoin “to promote settlements made with pegged cryptocurrencies.”

According to the report, the three major banks, which serve over 300,000 clients combined, plan to establish a framework for the stablecoin utilizing the system of Tokyo-based fintech company Progmat.

Notably, MUFG launched the platform in 2023 to facilitate the issuance of bank-backed stablecoins after the enactment of a 2022 bill that prohibited non-banking institutions from issuing stablecoins.

The megabanks are set to standardize their token for payments within the companies and between them. Japanese trading house Mitsubishi Corp., which has over 240 major operating companies under its umbrella, will be the first institution to use the soon-to-be-launched token for internal financial settlements.

Nikkei noted that the company expects to reduce remittance fees and administrative burdens, both internally and externally, if the token becomes widely used.

The banks will initially focus on a yen-pegged stablecoin, but plan to issue a USD-pegged version in the future. Additionally, they anticipate a rollout before the end of the year following a proof-of-concept trial.

Regulatory Efforts Push Adoption In Asia

The megabanks’ rollout plan comes as the sector gains significant momentum in Japan and Asia. In August, Japan’s Financial Services Agency (FSA) was preparing to approve the first yen-backed stablecoin this fall. Under Japan’s framework, only licensed money transfer companies, trust companies, and banks are allowed to issue the tokens.

The token would be issued by Tokyo fintech company JPYC, which was in the process of registering as a money transfer company at the time. Additionally, it would be backed by Japanese yen reserves, including bank deposits and government debt.

Noritaka Okabe, CEO of JPYC, asserted that yen-pegged stablecoins could boost Japan’s bond market, as issuers would increase demand for government bonds. He highlighted that Tether and Circle have become major buyers of US Treasuries, also noted by the US Treasury Secretary, Scott Bessent, in August.

Meanwhile, Hong Kong has been working to establish itself as one of the leading crypto hubs worldwide, advancing crucial legislation to regulate the sector. Hong Kong’s Legislative Council passed the Stablecoin Ordinance in May, which was enacted on August 1, and is expected to issue the first batch of licenses at the start of next year.

Similarly, South Korea has seen multiple bills related to the issuance and distribution of KRW-pegged stablecoins introduced in the National Assembly. The highly anticipated regulatory framework is expected to be released this quarter. In September, digital assets custodian BDACS and financial giant Woori Bank launched the first KRW-pegged stablecoin, KRW1.

It’s worth noting that Japan emerged as the fastest-growing crypto market in the Asia-Pacific (APAC) region in 2025, according to Chainalysis. The report attributed the growth in the Japanese ecosystem to the favorable policy developments in recent years.

As a result, Japan surpassed other leading nations, including India, South Korea, and Vietnam, in terms of on-chain value received, which grew by 120% in the 12 months leading to June 2025.

Amid a challenging phase for crypto prices, Bittensor (TAO) has emerged as a standout performer, recording substantial gains while the broader market grapples with its continuous downturn. 

As major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) continue to experience corrections following the flash crash on October 10, TAO has surged by over 40% in the past week, according to data from CoinGecko. 

This impressive performance has led market expert Quinten Francois to make a bold prediction: he believes Bittensor’s native token, TAO, could achieve a trillion-dollar valuation in less than 12 years.

TAO, ETH, LINK As Top Trillion-Dollar Contenders

In a recent social media post on X (previously Twitter), Francois highlights that the most intriguing aspect of TAO is its trajectory, which he argues should align with Reed’s Law rather than Metcalfe’s Law, the principle often associated with Bitcoin’s valuation. 

Bitcoin reached its trillion-dollar market cap in 2021, just 12 years after its inception. According to the expert’s theory, Bittensor could replicate or even expedite this timeline.

To elaborate, Metcalfe’s Law posits that the value of a network increases proportionally to the square of its number of users. In the context of Bitcoin, this means that as more individuals adopt and hold the cryptocurrency, its market value escalates exponentially. 

Conversely, Reed’s Law suggests that a network’s value grows exponentially with the number of user groups or sub-networks. For Bittensor, this translates to its 128 subnets, which could significantly enhance the network’s overall value, creating what the expert refers to as a “network effect of network effects.”

Francois asserts that this structure positions Bittensor to increase in value at a faster pace than Bitcoin. He describes investing in Bittensor as an asymmetrical bet, emphasizing its potential to become a trillion-dollar network. 

He also identifies Bittensor, alongside Ethereum and Chainlink (LINK), as the main contenders in crypto with the highest likelihood of reaching a trillion-dollar market cap, while noting that others like Binance Coin (BNB) and Solana (SOL), face “limitations” that may hinder their growth.

Key Factors For Bittensor’s Success

Another key element for this prediction is Bittensor’s model and economic incentives for artificial intelligence (AI) projects to develop within its network. With only 128 subnet positions available, competition is fierce. 

Each subnet must maintain high performance to retain its spot, as new entrants pay a fee in TAO, pushing the least-performing subnet out. This “Hunger Games” style competition ensures that quality remains high among the subnets and that they collectively earn a portion of the newly minted TAO.

Notably, Bittensor’s tokenomics are designed to mirror those of Bitcoin, featuring a maximum supply of 21 million TAO and a Halving event approximately every four years. 

According to Francois, the network’s tokenomic structure, combined with the competitive environment fostered by the subnet model, is intended to generate substantial long-term value.

Ultimately, the expert believes that TAO is positioned to evolve into a trillion-dollar asset, possibly achieving this milestone by 2030 or 2031. He points to the project’s first-mover advantage in decentralized AI, its competition model, and economic incentives as key factors propelling it toward this ambitious goal. 

Featured image from DALL-E, chart from TradingView.com  

A new report by the Financial Stability Board (FSB) highlights several key factors hindering cross-border co-operation among countries regarding cryptocurrencies. The G20 risk watchdog identified the difference in privacy rules as one such key hurdle.

Privacy Rules Hindering Cross-Border Crypto Regulation

It has been 16 years since Bitcoin’s (BTC) launch, and financial watchdogs around the world continue to face problems when trying to access crypto data. According to a recent report by the FSB, privacy laws are complicating efforts to access such data.

In a detailed 107-page long peer reviewed report, the G20 risk regulator remarked that privacy of data remains a crucial bottleneck that is hindering cross-border cooperation in regulating digital assets such as Bitcoin (BTC), Ethereum (ETH), and stablecoins.

It is worth highlighting that the FSB is funded by the Bank for International Settlements (BIS), and works as a global financial authority that monitors and makes recommendations about the evolving global financial system.

The FSB has found several major gaps in how governments of different countries around the world regulate the digital assets market. The authority said that these gaps lead to second-order challenges, including regulatory arbitrage, data gaps, and market fragmentation. It added:

Comprehensive coverage of potentially higher risk activities, such as borrowing, lending, and margin trading, is often lacking. In addition, gaps or the lack of comprehensive reporting frameworks for crypto-asset service providers (CASPs) hinder authorities’ ability to monitor and address potential financial stability risks effectively.

The FSB noted that crypto supervision and enforcement efforts tend to lag behind regulatory development, with many jurisdictions yet to implement the tools necessary for ensuring compliance and oversight.

According to the FSB, the issue of data confidentiality remains a major concern in identifying potential systemic risks and, in turn, supervising cross-border crypto asset activities. Specifically, secrecy or data privacy laws are likely to pose significant barriers to co-operation.

Further, the FSB remarked that a good chunk of users are reluctant to share confidential information due to risks of data breaches and the lack of guaranteed reciprocity. The report shares the following table highlighting the implementation status of the FSB’s policy recommendations.

Little Progress Made By G20

In 2023, the G20 – a group of countries comprising the 20 major global economies – pledged to establish a unified crypto regulatory framework. At the time, the body asked its member countries to share information to better regulate the emerging asset class.

However, little progress has been made since then. The challenges remain the same, if not more complicated, due to the rapid pace of advances in the crypto industry. One G20 member country, India, recently delayed releasing its crypto framework over systemic risk concerns.

Meanwhile, the FSB recently stated that it will take measures to address stablecoin-related risks. At press time, BTC trades at $106,727, down 1.2% in the past 24 hours.

Binance, the world’s largest cryptocurrency exchange by trading volume, has successfully completed its acquisition of South Korean-based digital asset exchange Gopax.

Binance’s Gopax Stake Finalized

On October 16, industry sources reported that South Korean financial authorities had finalized their review of Gopax’s executive changes, which had been pending for an extended period. Binance initially acquired a 67% stake in Gopax back in February 2023, positioning itself as a major shareholder. 

However, the approval process for the executive changes submitted to the Financial Intelligence Unit (FIU) had stalled for nearly two and a half years, as regulators were cautious about the potential implications of Binance’s ownership on South Korea’s anti-money laundering (AML) framework.

The scrutiny surrounding Binance is heightened by its legal troubles in the US, where the Securities and Exchange Commission (SEC) under its previous Chair Gary Gensler, accused the exchange in June 2023 of unlawfully providing services to US customers and misappropriating customer funds. 

The US Treasury Department and the Department of Justice (DOJ) also charged Binance with violating AML regulations, resulting in a hefty fine of $4.3 billion. This ultimately led the exchange’s former CEO Changpeng Zhao, CZ, to resign and serve four-months in prison. 

France Steps Up AML Efforts For Crypto Exchanges

Currently, South Korean law does not mandate a distinct eligibility screening process for major shareholders of cryptocurrency exchanges. Instead, the regulation requires that those seeking to operate in the digital asset sector, along with their executives, report to the FIU. 

Additionally, individuals who have been fined for offenses related to concealing criminal proceeds, financing terrorism, or violations of foreign exchange and capital market laws are prohibited from operating a business in this sector. This regulatory framework has led South Korean authorities to carefully evaluate Binance’s qualifications for entering the market.

Simultaneously, France is intensifying its anti-money laundering efforts concerning cryptocurrency exchanges. According to Bloomberg, regulatory bodies are working to assess over 100 entities that have registered to offer crypto services, aiming to determine which will receive permits for operations across the European Union. 

The French prudential supervision and resolution authority, known as ACPR, has been conducting thorough checks on numerous exchanges, including Binance, since late last year, according to confidential sources familiar with the situation.

At the time of writing, Binance Coin (BNB), the native token of the exchange, has been one of Friday’s worst performers following weeks of major rallies towards new all-time highs above $1,360. The fourth-largest cryptocurrency by market cap is currently trading at $1,074, having recorded losses of 7% over the last 24 hours. 

Featured image from DALL-E, chart from TradingView.com