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Bitplanet, a publicly-listed firm backed by Metaplanet’s Simon Gerovich and Sora Ventures, has begun its daily Bitcoin purchases.
$BTC

By Vince Dioquino

In brief
• The company has acquired 93 BTC as part of its daily accumulation program.

• It aims to build a 10,000-Bitcoin treasury using $40 million in fresh funding and a rebrand.

• Bitcoin has been rising steadily over the past week, buoyed by softer U.S. inflation data and ETF inflows


South Korea’s publicly listed Bitplanet has executed the first of its daily Bitcoin accumulation plan, buying the asset as part of a broader effort to build a significant war chest using the world’s largest crypto.

The Bitcoin treasury company, backed by Metaplanet CEO Simon Gerovich, purchased 93 BTC on Sunday, one of many expected instances, as it marches toward a 10,000 BTC target.

The program, executed via a regulated and compliant infrastructure, is being positioned by the company as the first Bitcoin purchase by a public Korean firm.

Bitplanet first announced its plan to acquire the crypto during Bitcoin Asia 2025 in late August alongside a rebranding, earmarking $40 million for future purchases.

Bitplanet co-CEO Paul Lee told Decrypt their move “enables legitimate and prudent risk management” for Bitcoin acquisitions.

Over the past month, the company has “materially improved” its governance structure and implemented better investment and capital management processes, Lee said, noting that it had been buying Bitcoin daily for roughly two weeks before the announcement.

Lee added that those purchases had been “fully disclosed” through a compliance monitoring platform operated by Korea’s Financial Services Commission

The public company’s decision to accumulate Bitcoin comes as the leading crypto asset regains momentum in October following a $19 billion wipeout of leveraged positions earlier this month.

Bitcoin has climbed roughly 6.7% over the past week to $115,200, recovering from last week’s lows near $107,000, according to CoinGecko data.

The asset added nearly $1,000 to its value Sunday evening, extending gains after softer-than-expected U.S. inflation data from Friday reinforced expectations that the Federal Reserve may further cut rates in December.

Inflows into Bitcoin and Ethereum exchange-traded funds, meanwhile, have reversed a prior outflow trend, with more than $600 million entering the market in the past week.

Listed on KOSDAQ as 049470, the public company reported trailing twelve-month revenue of about ₩75.5 billion (US$55 million) and net income of about ₩4.7 billion (US$3.4 million), reflecting a relatively stable core operation.

In late August, Bitplanet management confirmed the company’s transition from its legacy IT services under SGA Co., Ltd., rebranding to its new name and adopting a dedicated Bitcoin-treasury model supported by new institutional investors.

Founded in 1997, it operated as an IT services and systems-integration firm specializing in cybersecurity, network infrastructure, and embedded software for government and enterprise clients.

Aside from Gerovich, Bitplanet's leading investor includes Sora Ventures, which has been involved in efforts to build out a consortium of public companies across Asia.

Those companies are currently aligned in building digital asset treasuries, even as major regional stock exchanges have pushed back against the idea.

South Korea’s Digital Asset Basic Act, introduced in June 2025 and expected to take effect by 2027, aims to set unified standards for token issuance, custody, and corporate crypto holdings.

Asked about what investors could expect from Bitplanet once that law sets in, Lee said the company already operates under “stricter interpretation of current FSC guidance to ensure a smooth transition” and had been “preparing to meet or exceed” its regulatory requirements

$BTC
Bitcoin subió durante el fin de semana a medida que señales de progreso en las negociaciones comerciales entre EE. UU. y China elevaron el apetito por el riesgo en los mercados globales.
Por Akash Girimath
27 de octubre de 2025

En breve
Bitcoin subió un 3.5% durante el fin de semana a $115,400 a medida que crecía el optimismo sobre la reducción de las tensiones comerciales entre EE. UU. y China.

Funcionarios de ambos países alcanzaron un marco preliminar en Malasia, aumentando el apetito por el riesgo en los mercados globales.
El sentimiento del mercado sobre Myriad se inclinó hacia la “codicia”, mientras que los analistas advirtieron que la actividad en la cadena aún no ha confirmado el rally.

La reciente quiebra del banco Ayandeh, uno de los prestamistas comerciales más grandes de Irán, sirve como un ejemplo dramático de la fragilidad financiera sistémica y subraya el argumento del papel de Bitcoin como un refugio financiero. El colapso del banco, que dejó a los depositantes en apuros mientras sus activos eran absorbidos por el banco estatal Melli, es una historia familiar de confianza fallida y riesgo de contraparte.
Una Historia Familiar de Fragilidad
La crisis en Irán se desarrolla en un contexto de hiperinflación simultánea, recesión severa y colapso de la moneda, exacerbada por las nuevas sanciones de la ONU. A pesar de las garantías estatales de que los ahorros son "seguros," los iraníes han aprendido a ser escépticos. El verdadero miedo para los ciudadanos comunes es la pérdida de acceso a su dinero, especialmente dado que los depósitos asegurados están limitados a apenas 1 mil millones de riales (alrededor de $930), con procesos de pago que potencialmente pueden tardar años. Muchos que tienen más nunca volverán a ver sus ahorros.

Los reguladores gubernamentales y los expertos legales advierten que el comercio con información privilegiada podría proliferar en los deportes profesionales a medida que las apuestas migren a los mercados de predicción.
Por Sander Lutz
26 de octubre de 2025
En breve

Los expertos advierten que el comercio con información privilegiada en las apuestas deportivas podría aumentar a medida que las apuestas en los juegos se trasladen a mercados de predicción regulados por la CFTC.
La CFTC, que regula los deportes y otros mercados de predicción, tiene poca experiencia en la supervisión de las apuestas deportivas y una capacidad limitada para hacerlo dado el tamaño de su personal, dijeron los expertos.
Los partidarios dicen que la transparencia en la cadena ayuda a los mercados de predicción a detectar conductas indebidas.

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, CZ’s pardon by Trump followed a lobbying push that included $450,000 to Trump-linked lobbyists and $290,000 to former SEC chair contender Teresa Goody Guillén, Kyrgyzstan launches a stablecoin and confirms CBDC rollout with the help of Changpeng Zhao. Meanwhile, competition in the Bitcoin mining industry is intensifying, with smaller miners gaining ground on their larger rivals in realized hashrate.

CZ’s pardon came after costly Binance lobbying push in Washington: Politico
Former Binance CEO Changpeng “CZ” Zhao’s pardon by US President Donald Trump came after an extensive and expensive lobbying campaign in Washington.

Zhao, who served a four-month prison sentence last year for violating US Anti-Money Laundering (AML) laws, benefited from a months-long effort by Binance and its legal team to win over key figures in Trump’s orbit, according to a Sunday report by Politico.

In late September, Binance hired Ches McDowell, a close associate of Donald Trump Jr., and his North Carolina-based firm Checkmate Government Relations to lobby the White House and Treasury Department on “executive relief,” the report claimed.

Checkmate, one of Washington’s fastest-growing firms, received $450,000 for one month’s work. The firm has also racked in $7.1 million in revenue during the last three months alone, according to Politico

Kyrgyzstan rolls out new stablecoin while confirming CBDC plans
Kyrgyzstan has rolled out a new stablecoin pegged 1:1 to the Kyrgyzstani som, while confirming plans to issue a central bank digital currency and explore a digital asset reserve.

The KGST stablecoin will run on the BNB Chain, and BNB (BNB) would be included in the crypto reserve if launched, according to former Binance CEO Changpeng ‘CZ’ Zhao, a strategic adviser who attended the National Council for the Development of Virtual Assets and Blockchain Technologies’ second meeting on Friday, alongside President Sadyr Japarov.

Local media outlet KG24 said Kyrgyzstan’s crypto committee must ensure the KGST stablecoin is listed on international platforms and submit proposals for creating a national crypto reserve
Japarov also advised the Ministry of Economy and Commerce to continue crafting a legislative framework for virtual assets and for the National Bank of the Kyrgyz Republic to begin pilot testing of the digital som.
The pilot will run in three stages, building on the National Bank’s demo of the digital som platform built with Build Block TECH. It will first connect commercial banks to enable transfers, then link the Central Treasury for social and government payments, and finally test offline and low-connectivity transactions ahead of a national rollout.

Smaller Bitcoin miners gain ground on larger rivals
The Bitcoin mining industry is experiencing rising competition following the 2024 halving, with mid-tier miners narrowing the gap in realized hashrate as challenging post-halving economics persist.

Recent data from The Miner Mag shows that public miners such as HIVE Digital, Bitdeer and Cipher Mining have expanded their realized hashrates after years of infrastructure investment. These companies are now catching up to the largest players, including MARA Holdings, CleanSpark and Cango.

Publicly listed Bitcoin miners now account for nearly one-third of Bitcoin’s total network hashrate, The Miner Mag said.

The sector’s growth is partly driven by a sharp increase in borrowing to finance new infrastructure investments. As Cointelegraph reported, total debt across the Bitcoin mining industry has surged to $12.7 billion, up from $2.1 billion just 12 months ago.

La incapacidad de mantener los $2.50 en una base de cierre neutralizaría la estructura alcista, lo que podría invitar a una rotación de vuelta hacia el soporte de $2.40–$2.42.
Por Shaurya Malwa
Publicado el 25 de octubre de 2025, 11:34 a.m.
Lo que hay que saber:

XRP superó los $2.50, rompiendo una resistencia clave con un aumento del 31% en el volumen por encima de los promedios semanales.
El aumento del token siguió a un sentimiento macroeconómico mejorado y datos de inflación más suaves en EE. UU., lo que llevó a flujos de riesgo hacia las principales altcoins.
Los comerciantes están observando si los $2.50 se mantienen como una nueva base, con un volumen sostenido que podría empujar los precios hacia $2.70–$2.80.

Tether plans to launch its U.S.-compliant stablecoin USAT in December, aiming for mass reach in the creator economy, CEO Paolo Ardoino said in a CoinDesk interview.
By Krisztian Sandor l Edited by Nikhilesh De
Oct 24, 2025, 10:08 p.m.

What to know:
Tether plans to launch a U.S.-focused stablecoin, USAT, in December to comply with federal regulations, CEO Paolo Ardoino said.
The company is investing in platforms like Rumble to expand its user base to 100 million Americans.
Tether's USDT supply has grown to $182 billion, dominating the stablecoin market, while Tether Gold has tripled in market size this year.
LUGANO, Switzerland — Tether, the crypto company behind the world's largest stablecoin, USDT
USDT $1.0001 is planning fresh investments to bring its U.S.-focused U.S. dollar stablecoin to a 100 million American user base, Tether CEO Paolo Ardoino said in an interview on Friday.
The USAT token, designed specifically for the U.S. market to comply with federal regulations set by the GENIUS Act's requirements, is set to launch this December, Ardoino said. It is issued by Tether America, a joint venture between Tether and regulated U.S. crypto bank Anchorage Digital.
A key element for Tether to distribute the upcoming token is Rumble (RUM), the video sharing platform Tether invested $775 million into last year, and its upcoming crypto wallet, also coming out later this year. Rumble alone has 51 million active monthly users in the U.S. that can potentially onboard for USAT tokens, Ardoino said.
"For the U.S. market, you need to create a more professional and digital approach to money that can compete with PayPal and so on," he said. "The beauty is that we already have a user base that would use that money in the economy [...] so the offering will be unbeatable."
"We are going to hit the ground running, and we're going to start taking away market share from our competitors that were the ones that tried to kill us in the first place," Ardoino said.
Gold rush
Tether, while still mainly focusing on emerging markets where dollar access is limited, has been benefitting from rapid stablecoin adoption, in part bolstered by regulatory advances such as the GENIUS Act in the U.S. that allows digital tokens to be more embedded in global payments. The firm's flagship token USDT rose to a $182 billion supply, swelling by a third since the start of the year and dominating the roughly $300 billion asset class. Circle's (CRCL) token
USDC $0.9998 is currently second with $72 billion, growing about 70% this year.
Meanwhile, the firm's other token, the physical gold-backed
XAUT $4,125.60 also surged over the past months as the yellow metal rallied to fresh all-time highs. XAUT's market size rose to a record $2.2 billion, more than tripling since the start of the year.
That growth comes in large part from retail demand, Ardoino said.
"We see retail in Central and South America and Asia piling up now, starting to learn about tokenized gold," he said. Due to the retail frenzy for gold, market makers also increasingly tapped tokenized gold as they could sell them on secondary markets for a bigger spread with CME futures on the other side of the trade.
Nasdaq-listed firm Prestige Wealth recently raised $150 million, anchored by bitcoin
BTC $111,790.13 lender Antalpha, to hoard Tether's tokenized gold, also adding to the demand.