Stablecoins Drive 90% of Brazil’s Crypto Volume, Tax Authority Data Shows

A recent sharp pullback in the cryptocurrency market has raised questions about the viability of the Bitcoin digital asset treasury model, with Architect Partners asserting that it remains intact despite the volatility. This situation has highlighted the performance of BTC-focused public companies, revealing which can navigate market fluctuations and which are struggling.

Ethereum developers are preparing for the Fusaka upgrade, the second major update of 2025, aimed at enhancing the blockchain's capacity to manage increased transaction throughput from layer-2 chains. This upgrade is scheduled for implementation on December 3, 2025.

Brazil's Ministry of Finance has proposed new taxation measures on stablecoins, igniting a heated debate among lawmakers and the cryptocurrency community. The measures aim to regulate the growing use of stablecoins in the country, which has seen a surge in adoption amid increasing interest in digital currencies.

BlackRock's US-listed spot bitcoin ETF, IBIT, launched in January 2024, has rapidly amassed $70 billion in assets and generated substantial fees, becoming the firm's primary revenue source. This remarkable growth highlights the increasing interest in cryptocurrency investments among institutional investors.

Denis Dariotis, the founder and CEO of GoQuant, a cryptocurrency-focused trading software firm, has built a billion-dollar-a-day trading startup, starting his trading journey at the age of nine. His early involvement in trading has shaped his entrepreneurial path and the development of his company.

Phong Le, CEO of Strategy, announced that the company has no immediate debt maturity risks and intends to leverage convertible securities and equity to enhance its Bitcoin holdings over time. This strategy aims to position the company favorably in the cryptocurrency market amidst ongoing volatility.

Crypto payments firm Truther is set to launch a non-custodial USDT Visa card in El Salvador, allowing users to make transactions without preloading funds or relying on custodial services. The card will incur a 2% fee on currency conversions, with Brazilian users exempt from the IOF tax.

Kalshi, a regulated prediction market platform, is currently facing setbacks as court cases continue to unfold, impacting its operations and future prospects. This situation highlights the ongoing legal challenges that prediction markets encounter in the evolving cryptocurrency landscape.