The Solayer Pay app now supports direct deposits of USD stablecoins to card balances from five networks: Solana, Ethereum, Arbitrum, BNB Chain, and Base, without the need for cross-chain bridges or exchange intermediaries. Users can choose the network where the token is hosted and credit their Solayer Pay balance for purchases using virtual or physical cards. Solayer claims the product already has over 45,000 cardholders. Solayer Pay was launched in April 2025 under the name Emerald Card.

Apex Group founder and CEO Peter Hughes stated that if the US delays crypto legislation or fails to establish a clear regulatory framework, related businesses will move to Asia, the Middle East, and Bermuda. He believes these regions are progressing faster and can fill the regulatory gaps in the US. Hughes also stated that Europe will not benefit because its MiCA bill is evolving slowly and has many restrictions. The US CLARITY bill failed to obtain the 60 votes needed for advancement in the Senate in September due to controversies surrounding ethical provisions and stablecoin rewards.

[Ministry of Commerce: Expresses Serious Concern and Firm Opposition to the Proposed New Rules on Foreign Investment Restrictions by the United States] A spokesperson for the Ministry of Commerce stated that China expresses serious concern and firm opposition to the proposed new rules on foreign investment restrictions released by the U.S. Treasury Department on October 23. China will closely monitor developments and reserves the right to take corresponding measures. The proposed rules discriminate against and expand the scope of restrictions on investment in China, disrupt normal economic and trade cooperation between Chinese and American enterprises, and undermine international economic and trade order. China urges the United States to respect the laws of market economy, stop overgeneralizing the concept of national security, and stop politicizing and weaponizing economic and trade issues. (Source: Jinshi Data)

Bitwise's BWOW Dogecoin ETF entered its liquidation and distribution period on October 22, and the remaining holders will receive cash redemption based on the fund's applicable net asset value.

Tether announced that 15 Bitcoin mining companies, ASIC manufacturers, and mining pools have pledged to jointly build and maintain the open-source Mining Development Kit (MDK) to unify mining infrastructure access and support AI automation systems. Participants will develop MDK Workers to convert hardware, mining pool, or system interfaces into universal interfaces. Tether's QVAC mining agent has already integrated with its mining infrastructure using MDK. MDK version 0.11 will be released at the Plan ₿ Forum in Lugano on October 23-24, with the first stable version 1.0 planned for release by the end of 2026. (Source: Tether News)