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Monero draws curious eyes as Zcash endures turbulent twists and more: Bits Recap October 23 🖤🕸️

Monero’s privacy vibes got everyone buzzing rn after its price blasted to an eight-month peak 🖤.

XMR Just Pumped Hard 💎

The token jumped with double digit gains yesterday on October 22 and crossed 650 dollars for the first time since January. A possible spark came from the GUI v0.18.5.4 Fluorine Fermi upgrade that reopened testnet and stagenet wallets plus fixed some bugs. Some analysts figured XMR would keep climbing with users like Sweep and Alaoui Capital calling for a new all time high at 1000 dollars. Yet it dipped south instead and sits at 605 dollars per CoinGecko right now. Dr Profit warned that open interest hit a historic high and recalled the last time it spiked like this the price crashed 66 percent in 20 days 😈.

ZEC Hit Some Rough Swings 🕷️

Zcash climbed nicely earlier this week and hit a nine day peak above 1360 dollars on October 21. Its rise likely came after news that the team wants to triple block production speed with the NU7 upgrade aimed for November 5. Two big investors also opened around 37 million dollars in long positions on ZEC using 10x leverage. The surge did not last though and the token now trades near 1200 dollars down about 2 percent weekly. Crypto With Gopal pointed out bearish pressure building and expects more downside soon while bears push the 1050 dollar neckline on a head and shoulders pattern. Bulls need to hold support and reclaim above 1300 dollars to break that setup.

BTC Whales Stay Greedy 🐋

Bitcoin looked set to touch 85000 dollars on October 22 but got rejected and now lingers near 81500 dollars amid rising geopolitical tensions and shaky markets overall 🌑. Still whales refuse to fold and actually loaded up more. Forty new wallets pulled over 770 million dollars worth of BTC since October 1. Earlier holders between 10 and 10000 BTC scooped almost 90000 units in one month. That kind of buying spree shrinks supply on the market and could push prices higher if demand holds steady. It might even pull in smaller buyers with fresh capital 💀.
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Fireblocks Rejects Whispers Of A 2.5B Visa Takeover In Defi 🖤🕷️

Fireblocks totally denied those wild rumors about Visa trying to snag them for $2.5 billion or something.
“We are aware of the rumors about a possible acquisition of Fireblocks by Visa. This is news to us, and not true at present time. We don’t comment on rumors or speculation,” they said straight up.
Axios Pro dropped that scoop earlier citing multiple sources fr.

Fireblocks Slipping Into Card Payments Now 👀

Fireblocks sells the software that banks, exchanges and fintechs use to hold and move digital assets. It handles more than $300 billion in stablecoin volume a month on average.
The platform raised $550 million in a Series E round at an $8 billion valuation back in January 2022. It said at the time that its customer count had grown from 150 to more than 800 during 2021. Its website now lists 2,500 enterprise customers, including Revolut and ABN AMRO.
In October 2025, Fireblocks acquired Dynamic, a wallet developer platform that powers more than 50 million onchain accounts. In June this year, Fireblocks launched Flow, a product that lets payment providers and fintechs accept stablecoins.
Euronet, a payments firm, began working with Fireblocks in October 2025 on settlement and pre-funding for its cross-border business. On Monday, Euronet said banks and fintechs can now issue stablecoin-funded cards on its Ren and CoreCard platforms. Fireblocks embedded wallets hold the stablecoin balances those cards spend from. Each cardholder gets a wallet at sign-up. Fiat deposits convert to stablecoins before they are credited. 💸🖤🔥

Mastercard Snagged That Visa-Backed BVNK Deal 💀

Visa’s venture arm invested in UK-based payments company BVNK in May 2025. Coinbase then ended talks to buy BVNK in a $2 billion deal in November 2025. In January, the company picked BVNK to supply stablecoin infrastructure for its Visa Direct payout pilots.
Two months later, Mastercard agreed to acquire BVNK for up to $1.8 billion, including $300 million in contingent payments. Mastercard completed the purchase on August 3.
In September, Visa said its stablecoin settlement volume had passed a $20 billion annualized run rate. That run rate is up more than 15 times from a year earlier. The company also counts more than 160 stablecoin-linked card programs on its network.
Visa invested in stablecoin firm BVNK in 2025 and tapped it for Visa Direct payouts in January, before Mastercard bought it for up to $1.8 billion. 👑🌙😈


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XRP Ledger’s Patch Slips Into November After A Vote Fumble 🕸️🖤

The XRP Ledger just hit a little snag with its latest bug fix getting pushed all the way to November after some validator drama dropped support below the magic threshold.

The Fix Got Pushed Back 🕸️

This amendment called fixCleanup3_4_0 was gunning for at least 29 votes from the 35 default trusted validators to go live. Support hit the mark on Monday keeping things on pace for an October 23 launch at 09:34 UTC. Then Wednesday hit different at 12:54 UTC when only 26 validators were backing it according to the dashboard and boom the whole countdown reset. Votes climbed back to 29 by 14:46 UTC kicking off a fresh 14 day timer so XRPLWin is now eyeing November 4 at 14:46 UTC for activation. Right now support sits at 31 validators giving it some extra wiggle room.

Keep in mind the ledger needs that support locked above threshold at every 15 minute checkpoint for 14 straight days or it ghosts the whole thing back to zero. No clue yet which validators dipped out but even an offline server can tank the tally without actively voting no.

This fix bundles a ton of upgrades across Single Asset Vaults the Lending Protocol AMMs the permissioned DEX trust lines NFTs MPTs escrow signing and permission stuff.

Bigger Picture Time 🌑

The XRPL 3.4.0 release drops big code changes including the LendingProtocolV1_1 amendment that adds closed ended vaults and cash basis accounting to the native lending system. These vaults cycle through subscription investment and redemption phases while interest only counts as income when payments land. Voting is open rn with support at 54.29%.

The XRPL one bundles all that chaos into one sinister cute package fr 🦇🖤👾🎀💀🕷️🩸🌙


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Japan Eyes Stablecoin Tax Perks For Foreign Tourists In Their DeFi Realm 🦇💸

Japan’s transport minister just dropped that they’re mulling over yen stablecoins for handing back consumption tax to foreign visitors. 🖤 Nothing’s locked in yet tho but it hooks straight into this tax shift kicking off November 1 when tourists gotta pay upfront. 🌙

Tourist Tax Refund Twist Kicks In November 1st 🦇

From then on the whole tax-free vibe flips to a refund setup. Visitors drop the tax at the register and only snag it back once customs verifies the stuff is leaving the country. 💀 Getting that cash to travelers fast and cheap looks like the big headache rn. ✨ Yen-backed stablecoins might just solve it by zapping refunds straight to a digital wallet maybe even 24/7. 🪙
In March JPYC teamed up with Japan Tax-Free to test exactly this angle. 📉 Hours before the minister spoke someone was already saying Japan’s next big win could come from linking public systems with on-chain payments. 🔗 Wallet safety and identity checks are still big question marks plus anti-money laundering rules. 💳 How overseas folks even access it and swap into their own currency stays fuzzy too. 🕸️
In the end this feels less about hype for tokens and more about blockchain sliding into real public services.

Japan Crypto Rules And The Stablecoin Push 💸

Japan’s lower house already passed a bill in June that would treat crypto like stocks. Gains currently hit with up to 55 percent miscellaneous income tax could drop closer to 20 percent and it might open doors for spot ETFs. 🩸 Overseas moves are floating dollar stablecoins to boost treasury demand with the total stablecoin market sitting around 301 billion dollars and yen versions barely over 156 million. 🌑 If Japan nails safer faster cheaper tax refunds the same setup could later handle transport and logistics payments too.


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