🚀 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.

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💰 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.

🚀 Monad Is Gearing Up for Mainnet — Here’s Why Everyone’s Watching!

As the market recovers and heats up, all eyes are turning to the next wave of Layer 1 innovation — and Monad is leading the charge. With its mainnet just around the corner, things are moving fast. Let’s break it down 👇

1️⃣ Fast&Secure Technology
- High speed and strong security support larger-scale network operation
- Over 186 validators worldwide achieve fast and secure consensus
MonadBFT consensus is live on testnet with 400ms block times ⚡️

2️⃣ Ecosystem Momentum = Real Growth
- Monad Momentum Program drives project adoption and user growth
- New funding rounds and partnerships expand the ecosystem
- Richer ecosystem, more applications going live, giving users more choices

3️⃣ Community Power at Full Force
- Global Hackathons sparking developer creativity
- Founder Residency program empowers early-stage projects
- Fun initiatives bring members closer together

🌟 Why It Matters
With markets bullish and users seeking faster, cheaper chains, Monad’s mainnet could be the next big catalyst in the Layer 1 race.

📖 Full Analysis on CoinEx 📲: https://www.coinex.com/s/4E2S

CoinEx - Your Crypto trading expert.

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🪙 India's Madras High Court Recognizes Cryptocurrency as Property in Landmark XRP Ruling

⚖️ In a significant legal development, India's Madras High Court has ruled that cryptocurrency qualifies as "property" under Indian law. This decision, delivered by Justice N Anand Venkatesh, arose from a dispute involving an investor and the crypto exchange Wazirx, operated by Zanmai Labs. The case centered on the freezing of the investor's 3,532.30 XRP coins following a cyberattack that resulted in a loss of approximately $230 million in Ethereum-based tokens for the exchange.

There can be no doubt that cryptocurrency is a property. It is not a tangible property, nor is it a currency. However, it is a property which is capable of being enjoyed and possessed (in a beneficial form)

Justice Venkatesh stated. He further elaborated that

Property in the legal sense means an aggregate of rights which are guaranteed and protected by law

extending to every species of valuable right and interest.

🔍 The court clarified that the applicant's XRP holdings were separate from the Ethereum-based tokens affected by the hack. It noted,

What were held by the applicant as cryptocurrencies were 3532.30 XRP coins. What were subjected to cyber attack on 18.7.2024 in the Wazirx platform were ERC 20 coins, which are completely different cryptocurrencies not held by the applicant

📜 Citing international precedents such as New Zealand’s Ruscoe v. Cryptopia Ltd., which recognized cryptocurrencies as a form of intangible property, Justice Venkatesh ruled that digital tokens are definable, transferable, and subject to exclusive control, thus making them legally ownable. He emphasized that India has an opportunity to develop a regulatory framework that promotes innovation while ensuring consumer protection and financial stability.

🔒 After affirming that the XRP assets were unaffected by the breach and that cryptocurrency is property capable of ownership, the court granted interim protection to the investor. It stated,

If, ultimately, based on the modified scheme of arrangement approved by the Singapore High Court on 13.10.2025, the asset held by the applicant stood eroded substantially, the applicant becomes a vulnerable party, who will be entitled for a protection

🚫 The court issued an injunction preventing Zanmai Labs and its directors from redistributing or reallocating the applicant’s XRP holdings until arbitration concludes. This decision not only strengthens investor protections but also reinforces India’s evolving legal framework for digital assets. Analysts suggest that this judgment could enhance investor confidence and expedite the establishment of clear regulations for digital assets like XRP in India’s expanding crypto sector.

🇻🇪 Venezuela's Banking Revolution: Integrating Bitcoin and Stablecoins

🌍 Venezuela is on the brink of a banking revolution with the development of a system that integrates stablecoins and bitcoin into its traditional banking network. Conexus, a payment-processing company that facilitates 40% of the country's electronic transfers, is spearheading this initiative. Rodolfo Gasparri, the president of Conexus, emphasized that the growing adoption of stablecoins as a hedge against devaluation is driving this project.

💡 The proposed system aims to enable Venezuelan banks to offer custody and transfer services for cryptocurrencies, as well as exchange services with fiat currencies. Gasparri explained that the need for Venezuelans to manage these assets prompted the idea for a blockchain project. He stated,

We’re working on a blockchain project because currencies fluctuate so much, and these days people in Venezuela are using stablecoins for hedging;

highlighting the current reliance on stablecoins in the country.

🔒 This initiative could significantly transform the perception of cryptocurrencies in Venezuela. Gasparri noted that being backed by banking regulations would provide a high level of security for holders of these assets. He said,

This provides a great deal of security because it regulates the circulation of bitcoins and USDT with transparency and appropriate regulations. Holders of these monetary assets are truly protected.

⏳ While there is no official launch date for the platform, analysts speculate it could be operational by December. Gasparri believes this development could mark a turning point in the history of the Venezuelan banking system.

🌐 This initiative positions Venezuela as a pioneer in the integration of blockchain technology into banking. If successful, it could serve as a blueprint for similar initiatives in other countries and pave the way for an interconnected international network utilizing blockchain for foreign settlements.

📈 The Venezuelan case is particularly unique as the urgent need for a stable store of value drives this push. Other nations facing similar economic challenges, such as inflation and devaluation, may look to Venezuela's example as they explore the adoption of blockchain technology to simplify and reduce transaction costs.

🚫 Russia Bans Cryptocurrency for Domestic Payments Amid Digital Ruble Launch

🚫 As Russia prepares to launch its digital ruble, the country's central bank has firmly rejected the use of cryptocurrencies for domestic transactions. Elvira Nabiullina, the governor of the Bank of Russia, emphasized that

cryptocurrency cannot be used for payments within Russia

during a session in the State Duma.

📉 This statement reiterates the central bank's long-standing position that cryptocurrencies should not be utilized for national settlements due to their lack of regulatory control. However, Russian institutions have shown support for the use of cryptocurrencies in international transactions. Finance Minister Anton Siluanov noted the significant role of the crypto market in import payments and currency withdrawal operations, advocating for the legalization and regulation of this sector.

🪙 The de facto ban on cryptocurrency for internal payments clarifies the central bank's stance as the launch of the digital ruble approaches. By eliminating the possibility of using competing currencies, the Bank of Russia is positioning itself for the full adoption of the digital ruble, which is expected to be launched by fall 2026. Despite an estimated 20 million citizens using crypto and holding over $10.15 billion in assets, this decision restricts the use cases for these holdings.

🔒 Currently, the use of cryptocurrency for retail payments in Russia is prohibited as regulators believe they cannot control these flows. This stance paves the way for the exclusive use of the upcoming digital ruble, establishing a monopoly on currency use within the country.

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